Michael Saylor: “The trick is, when there is nothing to do, do nothing.” – Warren Buffett on Bitcoin.
Further Saylor reinstated, “Is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth. In time, we will come to understand that it is concentrated energy in digital form and critical to the progression of our civilization.”
Community Reaction: This is a quote from Charlie Munger, not Warren. Charlie and Warren are both very smart guys but they’re just wrong on this one. They also stand close to the money printer.
The fact that WB doesn’t invest in BTC doesn’t make him wrong. He likes index trackers but doesn’t invest in them either. WB May or may not like BTC but his decision to not invest is separate from like or dislike.
We knew this was coming. We need regulation to control the manipulation. I’m glad we’ve bottomed out.
When there is nothing to do, sell your house and buy more Bitcoin. That hard part is the sitting, most people can’t do the sitting.
The trick is when there is nothing to do, Buy Bitcoin. That’s so true. 20% is trading – 80% is patiently waiting.
This time is different: this is one of the phrases that most money has lost in the history”. John Templeton.
Right now, there is something to do, though the prices may be down but there are a lot of ways to make profit of the market, you just have to make the right moves and strategies.
Surely Michael there’s always something to do, buy bitcoin. You’re losing your edge man.
When you don’t know what to do – do nothing (this is not a quote from Mr. Buffett) but a better version of the phrase.
The trick is not to listen when it’s not worth listening.
If it were easy everyone would do it. The only people that will get rich on Bitcoin are those that hold during the down times, because its overall trajectory is up.
Complete nonsense Michael; Buffet doesn’t own bitcoin and doesn’t like it. When things where heating up last year he bought Barrick Gold: Berkshire Hathaway bought 21 million shares of the gold and copper miner worth roughly $564 million.
“Appear weak when you are strong, and strong when you are weak.” – Sun Tzu
They have millions of followers but they sell dreams to people and they are fake.
I do appreciate the market allowing late investors a chance to enter when the bar is lower. DCA and stacking each week and taking opportunities with each dip.
It can be correlated with the fact that you can buy a cryptocurrency and do nothing with it. Just look at the BitFinex or other exchange results.
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