Billionaire Makes HUGE PREDICTION For Bitcoin Price

this just in breaking news our top story tonight despite claiming no knowledge of Bitcoin Warren Buffett says it's likely to end a disaster that's right maybe it's time for us all to stop playing on mr. Buffett's lon no seriously guys get off the line he owns the property next up US Marshals to auction off 38 on your Bitcoin what price they will be no one knows but if they're under thirteen point seven thousand dollars also tonight South Korea doesn't ban Bitcoin I saw these the stupidest fucking story sometimes like what the fuck is that headlines and finally guys MoneyGram teams up with ripple to test their international payments MoneyGram thinking they have to improve their technology what is it two thousand five already all this more tonight on crypto news couple items of business we'll jump into the stories today first off in yesterday's video I talked about how ripple was centralized because the founders owned so much of the currency and well I think it is a bad thing that that is true I don't think that's actually the meaning of centralization rather it means that one party controls everything to do with the currency which is still the case for ripple ripple Labs has control of the functionality of Ripple second off we have a lot of new viewers here in the channel I want to thank you for joining us and explain what we do so this is mainly a news channel I'm primarily gonna go through topics that are happening so you guys can stay informed on what's going on in the world of cryptocurrency but we're also going to work in some funny vids or look at some other videos on YouTube or once a while maybe explain some basic concepts about coins while I will probably do videos from time to time talking about good opportunities to invest in the space if you want a channel primarily here to shill coins so you can buy stuff right now this is probably not the place to be no actually this is definitely not the place to be might I recommend you come buy right now all the time what do we think if you do want a source to give you unbiased and straightforward information hit the subscribe button and join the team alright let's go ahead and jump into our first topic let's jump in and talk about South Korea not banning Bitcoin now I know that sounds kind of ridiculous but late last night a rumor was circulating that South Korea was going to completely ban cryptocurrency now South Korea big player in the space super high demand for all of this stuff obviously South Korea loves technology definitely a forward-thinking country when it comes to that industry so they love crypto and they definitely were part of the reason the prices have increased so much the demand is very high in Korea so the news really hit the markets pretty hard and we saw some losses across the board for most of the different digital currencies according this article from coin desk a Korean official said that crypto currency exchange ban is not finalized apparently South Korea's presidential office said today that a plan to ban trading cryptocurrencies via exchanges in the nation is still not set in stone Justice Minister parks comments related to the shut down of crypto currency exchanges one of the measures prepared by the Ministry of Justice but it's not a measure that has been finalized further even if approved the legislation is unlikely to come into effect anytime soon routers States in the earlier article legislation for an outright ban of virtual coin trading will require a majority vote of the total 290 set of members of the National Assembly a process that could take months or even years that's right it's not doomsday nothing has been banned it's a proposal set forward where that would then have to be ratified by the South Korean government so everyone can just calm down take a deep breath and buy some cheap Bitcoin this news is not a huge deal and won't impact Bitcoin very severely but what worries me is the reaction from the community just a slight bit of bad news in South Korea there's a proposal to remove Bitcoin or to abandon crypto currencies and this happens pandemonium everyone's panicking and that's in South Korea imagine if an actual measure got taken into the u.s. and that's one of the reasons why I always advocate to have a balanced portfolio and not just be all in on cryptocurrency this could happen guys look I don't want to be the bearer of bad news I think the cryptocurrency is the future I think that one day we will see tremendous Heights for Bitcoin and many other currencies but that doesn't mean there won't be bumps along the way and we are certainly at the mercy of legislation as well as what big companies want to do if banks got together and say hey start shutting down coinbase transfers guys it would hurt the price dramatically so for those reasons even if you believe in Bitcoin or digital currencies make sure that you have some other investments as well otherwise you're all in on something that could go bust that actually sounded a little harsher than I wanted to sound I don't think it's going bust I'm just warning you to be careful next up MoneyGram to pilot ripples XRP token according this article from coin desk the International money or minutes for money Graham is partnering with ripple detest the startups XRP token for international payments CEO of ripple Brad Garlin house also said quote the inefficiencies of global payments don't just affect banks they also affect institutions like money Graham by using a digital asset like XRP that settles in three seconds or less they can now move money as quickly as information now we don't know exactly what this is going to mean moving forward and frankly this announcement it's a little thin on the info oh we're test and stopped out guys by the way we're money Graham we mentioned that quick get that the press release money Graham yeah we're still around yeah we started in nineteen forty I'm still around we relevant now should we put blockchain after money Graham's moneygram blockchain anyone anyone fuck most Fargo man this proves one thing to me though ripple is really in the mix with a lot of these larger companies and they know how to spin a story to get a little boost going in the X RP price but be warned that means that we might see it overvalued personally I think it's way overvalued but who knows these days anyway and be careful for potential downturns in the future next up if you're new to crypto and you don't know what a lot of these coins are or how to buy them or any simple questions rather than annoying people around you like me please stop asking me you can't take it anymore what's Revlon's Doug what do you think about verge what do you think about x4 3.9 B 11 Doug Doug stop it stub anyway if that is you make sure to check out coin central com it decided that I made to try and give people a good place to go to get unbiased information our next story takes place right here in the US as US Marshals set to auction off 3,800 Bitcoin this is not exactly anything new when it comes to governments when they find Bitcoin obviously one of the downsides to digital currencies are that they can be used for anonymous transactions that can be in black markets there's no doubt about that anyone that tries to tell you otherwise that's a fan of them is just lying the point is bad people do end up with these currencies and so when governments stumble across them or take them from people well now they have to decide what to do with this asset well some governments do decide to hold all their coins when they come across them most decide to sell it in exchange for their own national currency this makes a lot of sense to me I'm not expecting governments to understand the ins and outs and if they want to then sell them to redeem it for the national currency that seems completely fine it also keeps more of the money in the hands of the people which I can get behind according to CCN dot-com the US Marshal Service is holding its first Bitcoin auction in over a year the agency first held a series of auctions 2014 selling Bitcoin forfeited by Ross Albright in the United States clamped down the dark web drug marketplace the Silk Road if you guys don't remember that it was a pretty huge time for Bitcoin and started to get some some press in the mainstream but negative press press because you know bad people were using Bitcoin to do bad things I actually came across a documentary on Netflix that you guys have not seen about Bitcoin I'd strongly recommend checking it out I thought it was super cool and it does cover this story however one problem I had with that documentary it had a pro Bitcoin slant obviously that was likely to happen and they made certain government agencies out to be the bad guys more than they should be where the government's the bad guys disarmed extent sure but time they also have to take responsibility if you process payments to a drug entity knowing that it's for you know drugs you're gonna go to jail I'm getting off topic here check out that documentary if you haven't done so before overseen by the US Department of Justice the auctions slated for January 22nd and will include Bitcoin assets seized in various federal court cases as they have in the past the Marshal Service will divide the contents of the auction into multiple bidding blocks bottom line when government agencies find these assets they're probably going to try and sell them I think we're gonna see a lot more of this in the future let's move on this brings us to our top story tonight Warren Buffett went on record talking about Bitcoin let's go ahead and take a look at some of the clips I can say almost with certainty there that they will come to a bad ending now when it happens or how or anything else I don't know mirage basically i mean it is it it's a method of transmitting money the idea that it has some huge intrinsic value is just a joke to my bill no there's no reason that there's no reason I get into enough trouble with things I think I know something about why in the world should I take a longer short position or something I don't know anything about I'm gonna open with this Warren Buffett is one of the most wildly successful people that we've ever seen in the world so I'm not trying to discredit him as an investor the guy knows what's up he knows what to invest in he's got a good eye for these things and he has been wildly successful for a super long period of time however I also think that the older generation of people tend to kind of be Bitcoin haters and it's a mix of things all coming together for starters I understand that crypto currencies do not generate revenue and Warren Buffett doesn't like that he likes to own shares of things that actually produce profit which is a fair argument I understand where he's coming from it's also very different when you come up in a generation that had computers their whole lives internet for most or all of their lives mobile phones for most of all or all of their lives those things are all going to naturally make you know the younger generation more into these technological advances and technological currencies like Bitcoin other coins the older generation doesn't have that they grew up with newspapers and trying to find out things from the ant o'clock news and things like that you know more traditional forms of media so I think that just some part of it is having an understanding of computers and technology some part of it is the fact that these are much more speculative investments and another part of it is just not wanting to change from old ways it does seem pretty hypocritical to me though to say oh I know nothing about this but I'm gonna tell you it ends in disaster okay that's kind of a weird thing to say if you don't know much about it then how do you know that you're just guessing that it will because you've been right in the past about other industries doesn't seem like a solid basis for an argument I will say though it's refreshing seeing someone that knows nothing not just straight chilling out and I'm gonna be continuing to actively invest here on bit connect I could not believe I found a coin this cheap I could not believe it even existed it's called pact coin my name is my name is if we step back and take a more macro view I think it's safe to say that the growth we've been seeing is not sustainable way to many of these coins are up 100 five hundred a thousand percent in the last month or two and even the bigger ones have gotten good growth over the last few months we're not gonna be able to dump to double the entire value every like you know let's just call it two months that's not sustainable long-term growth so we will see it slow down will we see it slow down but still grow will we see it slow down with some kind of crash we don't know we don't know what that will look like but I think if you don't understand what's happening with cryptocurrency you're kind of missing the whole point here which is this is a way of decentralizing who decides what happens with the money this is a way of deciding or this is a way to be able to transfer things quickly around the world this is a way to lower fees there are many upsides to what's happening and to just take a blanket statement of well it's speculative so it's gonna crash and I don't nothing but it's gonna crash you know I don't think you're really in a position to be able to say that if you haven't looked at exactly what's going on and looked at the upside you know I trust in math and I trust in algorithms and I trust in set procedures that have to operate by certain functions I don't trust people maybe maybe I'm crazy you know maybe people are awesome but I've had on more than one occasion people make decisions that have affected me be they get to decide what's going to happen to my money I don't want that I want certain rules in place that decide what it will be I want to have the stability of knowing the way that it will function I want to know how many of this currency that will be printed I don't want my money to be devalued because of a third party making decisions and that's what you're getting here at least with some currencies which is why I think those are important but the point remains there are certain upsides that are not addressed here from Warren Buffett that I think his inability to understand makes him see it that this will fail that's gonna do it here from me make sure to hit that subscribe button and I'll see you again soon you

29 thoughts on “Billionaire Makes HUGE PREDICTION For Bitcoin Price”

  1. Still think Warren Buffet is wrong? Trust me when he says hes is CERTAIN its going down thats like him warning an apocalypse is about to happen. He never says CERTAIN. He usually never talks about the price of something going up or down he just talks about if he thinks the business will be good or not. BUt when he is CERTAIN the prices are coming down they are 100% going down. Warren Buffet is very humble person because people don't like know it alls. He knows everything and he realized people don't like being told they are wrong so he changed his personality into a more humble way and people started to like him. So when he says he is CERTAIN and its coming from a person who uses a humble approach you empty to vault. The party is over. I honestly don't even think bitcoin is worth 1k. Its definitely not worth more then gold. The people that manipulated up the market are going to prison right now. Regulators are taking people down. There is nothing to prop up the market anymore. It will continue to fall. The real price of bitcoin imo is probably around half the price of gold. 90% of the investors are from china. The chinese government is not having it they are putting people in prison that manipulated the market. I know your not going to sell it but its wont be these prices again mabye in another 40 or 50 years. Block chain is great but the crypto coins are tulip mania bull ran by a lot of scammers. Why i got out in 2017 and warned people over and over again and you guys kept buying. You guys think crypto coins are block chain technology. They are not. And bitcoin is a failed project already. They can't scale, and transactions fees are high and they have a log jam that mike hearn ( the head engineer for google not old man) explained along time ago why bitcoin will fail.

  2. Great content! Love it! Hope price stipulations and predictions for not so noticed cryptocurrency will also be posted. Just like those in education platform like LiveEdu, BitDegree or Bitschool. 🙂 Thank you!

  3. Did banks and stocks markets ever went into a downswing? I dont remember banks losing so much money that some states had to wipe them. Banks are so much safer.

  4. Its good that now we dont need the banks and government to control our money. Bitcoin is borderless money, no country or banks have right over the money, its belong to the community, transacted peers to peers, for the world population of all nationality, rich or poor. People have full control over their own Bitcoin and its ledger. No need to seek permission from govt or banks to transfer our own Bitcoin from one continent to another. Money in the banks belong to us but we faced lots of problem when we request to transfer fund or withdrawing cash. As though the money in the banks do not belong to us. We dont pay any fees when we transfer Bitcoin. Now i can buy anything paying with Bitcoin just with my mobile phone anywhere in the world without going through third parties who charges high fees or restriction from the so call capitalist, government and banks. To yield the Bitcoins by mining, peoplw have to bevome miners, just similar to those people who mine precious metals and minerals like gold, silver, copper etc where fiat monies are created by governments. Mining Bitcoin is not free, just like mining raw materials and precioys metals, people have to spend huge amount of money, consume time and face risk to create the mining rigs in order to yield Bitcoin. Bitcoin is the money of today, the future and forever. Those who start collecting, saving and using Bitcoin now will gain, as in near future, Bitcoin will be scarce and the price will be extremely high. Govt should consider creating their own cryptocurrency in order to be part of the cryptocurrency community and not blatantly penalise them. Cryptocurrency, esp Bitcoin is really really awesome. Thanks to those people who have the brains to create this Cryptocurrency and also the brilliant governments and establishments who supported them.

  5. what you think about warren buffet? Just cause he is old people think he is a dummy. He doesn't need to know what cryptos are he just needs to know how investing works and regulations work. When he says he certain a word he almost never uses in his vocabulary its 100% going to free fall and it has since he said it. And it is cause the IRS is now sending people 50k bills to be paid in taxes for buying and selling cryptos. A lot of people are going to end up broke. On Reddit earlier this week, one contributor, under the heading “I just discovered that I owe the IRS $50k that I don’t have, because I traded in cryptos. Am I fucked?”, wrote they had ended up with a $50,000 tax liability on trades after they sold $120,000 worth of bitcoin to buy different coins. The current value of those coins is about $30,000. “I feel like I might have accidentally ruined my life because I didn’t know about the taxes,” the poster wrote.

  6. I only have $400 into bitcoin just getting started wish I knew about this in 2009 😂 I be a millionaire. And not living of a pay check. smh Idk what $400 will do in 2018 but I got in under $9000 using the cash app. I truly believe this is the future of the world's money so doing what I can now before bitcoin hits 1million.

  7. 'almost with certainty' and it will come to a bad ending, so does that mean in 68 million years when the earth is swallowed up by a black hole it came to a bad ending? lmao… does that mean it will come to a bad ending for him, being that he is in direct competition with bitcoin…? lmao. These people in power speak in metaphors, or they speak straight to your face and play on the idea that what they are saying is supposed to be a metaphor… they are full of shit.

  8. Alt coins right now are in raw form just stocks with perks that anyone with a buck can trade in without having to pay fees at traditional brokerage firms like a flat 5$ per transaction and up to 75$ for larger ones. Coins without a product behind them are just along for the ride.

  9. In that black unregulated crypto "market" in about 1 or 2 years almost all of the people will lost everything, some will suicide, 10 to 20 will be the billionaires and you are laughing with Warren buffet!!!! Great.

  10. $300 "It's a bubble, it's going to pop"
    $1000 "Trust me, it'll burst, just wait a few more months"
    $2500 "Give it a few more days"
    $2000 "Ha, told you all"
    $4000 "It's still a bubble"
    $5500 "Ohh boy, that’s gonna hurt when it bursts"
    $7000 " This is the end , we are close …"
    $9000 " We all knew it wouldn't last "
    $11000 " Within a month it's toast "
    $13000 " It should have never made it this far "

    9 years later ….. and counting …..
    see where this is going….. the only BUBBLE BURST will eventually be FIAT currency . Join the REVOLT join the RESISTANCE join BITCOIN .

  11. Let's get out of speculation and supposition and talk what is and has already happened:
    1) WTO's already has a 'back up' global currency in case the US dollar implodes – SDR.
    2) India already banned the importation of gold and went cashless!
    3) UBS and CitiBank in Australia went cashless at their bank branches!
    4)Its illegal in Belgium to buy anything more than 3k in cash!
    5)Ecuador is cashless nation! It has no fiat currency, but relys on the USD.
    6)Singapore most shops have signs 'sorry no cash', only about 15% of transactions involve cash!
    7)South Korea central bank will withdraw cash and become a cashless state by 2020!
    8) Sweden and most of the UK you cannot purchase tickets on public transport w./ cash!
    Cash is already finished, its only a matter of time before fiat currencies implode.
    The only countries with currency back by gold that I am aware of is Switzerland where 25% of its reserves are backed by gold.

    And so in conclusion BITCOIN is the FUTURE . Get on board before it's too late ( too expensive ) . As always even MICRO BITS will serve you well in the future and of course ONLY invest in what you can afford to lose even the MIGHTY BITCOIN has risk small but it's there.

  12. Doug Buffet meant the easy money frenzy will end in disaster same as the dotcom bubble. Even if Bitcoin or ether were the currency of the future they will be like Amazon stock. If he knew the field he would predicted which actual application that could work and which currencies to stay away from, but he doesn't so he is warning against the herd mentality and pump and dump schemes.

  13. I don't know why people are getting so upset about this. He said "why would I bet in something I know nothing about?" and that's all you needed to hear from him. He's right, he doesn't know anything about it therefore he shouldn't deal with it. He's old school, he sticks to what he knows. Nothing wrong about that. Sometimes you can't teach an old dog new tricks, that's just how things are. End of story.

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