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| comment | | "parent_author":"",<br>"parent_permlink":"crypto",<br>"author":"pitrapratama",<br>"permlink":"you-do-not-need-to-follow-the-advice-of-warren-buffett-crypto",<br>"title":"You Do Not Need To Follow The Advice Of Warren Buffett Crypto",<br>"body":"![mo.jpg (https:\/\/gateway.ipfs.io\/ipfs\/QmbJcWPFjDVdk73a77XUZDkT9WxchY9k4GGqkcRQeuxnk2)\n\nYou do not need to follow the suggestion of Warren Buffett \u2013 Warren Buffet is no doubt one of the most successful investors in the world. He also happens to be the vocal criticism of cryptocurrency. Recently,<br> he mentioned the bitcoin as ' rat poison '. However,<br> even with all his success,<br> probably not a good idea to take her advice about cryptocurrency. Here are 3 reasons why his advice about cryptos may be counterproductive to your long-term growth.\n\n## The global economy will change\nWarren Buffet has always stated that he did not invest in technology companies. However,<br> if you look at the global economy,<br> it is clear that the technology is being restructured the workings of the global economy. The type of company that will you invest with the following perspective of the Buffet is being replaced by technology companies. We've seen Uber interfere with what is considered a stable industry (industry at hailing tax). We've also seen companies like Amazon use technology to disrupt the entire retail industry.\n\nRetail giant Amazon has killed well known globally,<br> to become the monopoly of close in retail. Blockchain technology and cryptocurrency are on the verge of disrupting the banking sector. We recently saw a transaction $99 million posted in Litecoin,<br> at a cost of $0.40 and in about 2 and a half minutes. There is no bank that exist today that can match it. The bottom line here is that the global economy is changing and what makes people like Warren Buffet,<br> may no longer work in the new economy. The entire industry was killed by a new technology company. Thus,<br> by listening to people like Buffet,<br> you might be left behind when the digital economy change how wealth is created.\n\n## He has also missed many opportunities\nWhile the Buffets have made investment decisions that make it a wonderful rich,<br> it is important to remember that he had lost some investment that would make it richer. For example,<br> if she invests in companies like Google,<br> Facebook,<br> and Amazon,<br> he will make more than what he makes,<br> in some of the companies he's invested,<br> in the same period.\n\nThus,<br> by following the advice of bitcoin and cryptocurrency,<br> you also may have lost opportunities that could potentially change your life. Just to give you context about this,<br> imagine someone who followed the advice on buffets and provides crypto in January 2017. Such people will miss several big gains at the time of bitcoin up from $1000 into $20,<br>000. There is no stock that will give you back like that.\n\n## Buffet have advantages of scale\nLet's face it,<br> part of the reason why This is so rich because he was investing in billions. If you have a $10 billion to be invested,<br> only one per cent move in the market will make you have a serious cash. The same cannot be said about someone who puts $10,<br>000 in the stock market. Potential returns can not sustain your life in any way meaningful. You would be better off investing in high-risk investments such as cryptocurrency,<br> but with the potential to change your life forever. Easier to change $10,<br>000 into the one million dollars by cryptos than investing in stocks.\n",<br>"json_metadata":" \"community\":\"busy\",<br>\"app\":\"busy\/2.4.0\",<br>\"format\":\"markdown\",<br>\"tags\":[\"crypto\",<br>\"cryptocurrency\",<br>\"altcoin\",<br>\"money\",<br>\"busy\" " | | vote | "voter":"pitrapratama",
"author":"pitrapratama",
"permlink":"you-do-not-need-to-follow-the-advice-of-warren-buffett-crypto",
"weight":10000 |
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