Warren Buffett Quote

Doesn't this apply to the crypto market too?

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In this case it's transferring money from the mental patient to the pajeen

no the patient get rekt

(You)

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obviously

apparently not obvious to some ITT

true, but i dont want to make gains in 10 years, i want them now

crypto transfers money from gamblers to gamblers

Only when it’s going ip

>with time comes money
>'mazing

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if you held btc for just about any 3 year period you would understand. impatient fools that trade and cash out transfer their wealth to the patient holders.

hear! hear!

Kinda.
You are supposed to wait for the pump on your coin then sell it and look for another one.
If you are impatient then you might sell it before pump, missing the opportunity.

>lol dude just hold feathercoin for 5 years
>time in the market beats timing the market

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youtube.com/watch?v=VbOuZTEacss

>holding a pnd pennystock vs an index fund for five years

you are the true brainlet

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underrated

It's transferring BTC from altcucks to bitcoiners

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this

Some brainlet old fart telling us how the world should work.
Just.

Some things are just timeless. You're attacking the messenger instead of the message because you know that you're wrong.

It does.

bitcointalk.org/index.php?topic=2827989.680

kekukulus maximus

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based Wirren L. Baffet

he's talking about day traders. he doesnt like satoshi cause he cant trust a bank to hold it in their vault. where securities are harder to walk off with in a traditional sense

That's not true, retard. He's have his shit insured.

Munger has straight up said BTC is literal shit. It's like buying and trading shit.

Of course he would say that. Why would you believe him?

>Munger has straight up said BTC is literal shit. It's like buying and trading shit.
WHY WOULD I BELIEVE THEM?

They're like the realest niggers ever, that's why they are what they are.

Yes, I bought in 2013 and didn't sell a single coin till 2017. Made 50x my initial and all I had to do was wait.

Now, I've waited out most of 2018 and rebought at long-term support at the 200wma. I plan to wait another 5 years or more until selling again. Go read the Jesse Livermore book Reminiscences of a Stock Operator for more great quotes

Munger is hypocritical boomer faggot who holds a giant position in coca cola which is essentially sugary rat poison fed to third world shitholes and fat americans

he's got no moral high ground in this argument.

You're a retard without even 1/2000th of his networth.

I've probably got more cash than he did at my same age, without being a boomer faggot born into the most prosperous era in American history. Fuck him

kys you cryptofags always do insane mental gymnastics to justify your bags.

the fuck are you talking about. I agree with you. I was making fun of the other user who compared this statement to the same as holding bitcoin.

For crypto, it's from the naive to the pump and dumpers. Crypto has no value.

Kek, a roundabout way of telling people to HODL.

He still reads more than you and he only has one eye.

yeah and one foot in the grave too, boomer fuck

I don't feel sorry for him, I hope he regrets it till he dies

same with the blood in the streets guy LMAO literally buy the dip