Special offer
Wanda Kubat-Nerdin - Wanda Can!, St. George Utah Area Residential Sales Agent (Red Rock Real Estate (435) 632-9374)

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Rainmaker
1,052,056
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I agree with everything he says. Including that.

Jan 17, 2018 08:29 AM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

Yes I do. And who am I to argue with Warren Buffet, Jamie Dimon, and Mark Cuban and anyone who is a successful investor? Some people are risk takers and will invest in this, but not me. I just hope that people don't invest their life savings, or take out a loan to buy this junk, and later loose their shirts. In order to make money on this you have to invest big dollars to make it life changing and I don't recommend that. The price swings are just too great and unstable for my taste.

Jan 17, 2018 07:44 AM
Ambassador
2,178,533
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Warren Buffet is way smarter and richer than me, so I would tend to listen to him regarding financial matters. 

Jan 17, 2018 07:30 AM
Rainmaker
716,049
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Right now the holders and promoters of it are doing a sales job on it and promoting the heck out of it to create mass appeal. But that should soon implode as traction is not really there, so it seems.

Jan 17, 2018 08:48 AM
Ambassador
6,392,899
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, a house of cards with no substance.

Jan 17, 2018 08:11 AM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Warren Buffet has built an empire and he's a great economist, I would listen to his prediction. 

Jan 17, 2018 08:08 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Warren Buffet is someone that I would listen to.

Jan 17, 2018 07:26 AM
Rainmaker
953,617
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Trading equities is safer (doesn't mean risk free) and less expensive in trading fees than Bitcoin. I would definitely stay away from Bitcoin...many other safer alternatives.

Warren Buffet and Charlie Munger are the experts in value investing...I would agree with them on many things except for some of their political views.

Jan 17, 2018 08:35 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Let's see. Steve Jobs company fell on bad time and he begged Bill Gates for a bailout. Hard times #1.

The Steve got himself fired and the Apple started circling the drain. Hard times #2.

The Steve came roaring back. The iPhone is a classic example of punctuated equilibrium. It changed the world. 

Bitcoin will fall but Ethereum will take it's place. Better protection from North Korea and Russia.

It is worth noting a New York state company has engaged bitcoin in a big way. To conform to the New York regulations suggest BC may have survived their maturing process and close to mainstreaming. BC as survived three near death experiences and yet they remain.

And there are 15 crypto-currencies lined up behind Etherium Those with a well defined purpose will survive. The 'me too's' will circle the drain also.

What you should be paying attention to is Warren Buffets investments into blockchain. He brings finance, veracity systems and real estate into the same arena. Real estate being less that 1% of his portfolio, will prove to be the sacrificial lamb.

These are exciting times.

 

Jan 17, 2018 07:44 AM
Ambassador
5,229,328
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

What he says is typically gospel so, I would put strong credence in his words/recommendations!

Jan 17, 2018 03:31 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

yes, i agree that those are ponzi scams.

Jan 17, 2018 02:44 PM
Rainer
130,857
Steve Penner
Royal LePage Dynamic RE / Pro Ledger Bookkeeping Software - Winnipeg, MB
REALTOR® / Pro Ledger Online (owner)

I put my money on Warren :)

Jan 17, 2018 08:50 AM
Rainmaker
7,835,293
Roy Kelley
Retired - Gaithersburg, MD

Yes.

Jan 17, 2018 08:49 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if Buffet says it, there's a good chance it will happen....

Jan 17, 2018 08:25 AM
Ambassador
5,048,728
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Well I don't know enough to make an intelligent guess so I suppose I would agree with Buffett. And who knows what government regulation will do to it all!

Jan 17, 2018 07:45 AM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not.  If it does it will be due to the government attempt to control ... much like what is happening with cannabis. 

Jan 17, 2018 07:30 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yes, it did. 

Merry Christmas to All!!

And a Very Happy New Year!!!

Dec 22, 2018 08:12 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

It seems this way at the end of 2018. 

Dec 22, 2018 07:14 PM
Ambassador
2,160,948
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I haven't followed the Bitcoin news and I know even less about cryptocurrency. At the moment I cannot take it to the store and buy bread and milk with it so I don't care. 

Jan 17, 2018 03:01 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Yup!

Jan 17, 2018 12:04 PM
Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Don't care Wanda.

Jan 17, 2018 11:37 AM
Rainmaker
643,875
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Not going to disagree with that, I am sure he has more insight available than I do about such matters.

Jan 17, 2018 10:17 AM
Rainmaker
2,781,013
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

All the things come to an end somethings quicker than others. This be one

Jan 17, 2018 10:17 AM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

yes

Jan 17, 2018 09:56 AM
Rainmaker
1,574,666
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

The problem I see with crypto is it is technology based... go gold! But then I am old school!

Jan 17, 2018 09:55 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes

Jan 17, 2018 09:26 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not a huge fan of Warren Buffet's for a number of reasons, but in this case I agree with him.

Jan 17, 2018 09:12 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes.

Jan 17, 2018 08:36 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Probably.

Jan 17, 2018 08:34 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Jan 17, 2018 08:30 AM
Rainmaker
2,182,502
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It did for many the first time around ( several yrs ago)

Jan 17, 2018 08:16 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Well I believe that it will come way down

Jan 18, 2018 06:17 PM
Rainer
374,987
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

Warren Buffet knows much more about investing than I do but I think times are changing. I have heard, as Annette pointed out, that he has invested heavily in the technology behind cryptocurrency. I think this is the beginning of some major changes and think cryptocurrencies will be around for a while. 

Jan 18, 2018 11:39 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Wanda Kubat-Nerdin - Wanda Can! I heard that Bitcoin has dropped almost 50% in the last couple of weeks. It doesn't take Warren Buffet to get my attention although I would take his assessment seriously.

Jan 18, 2018 10:25 AM
Rainmaker
1,374,323
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

I have to say I usually agree with most everything he has to say. It will be interesting to see how this plays out. Y

Jan 18, 2018 06:54 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have no clue.

Jan 18, 2018 05:57 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

There is nothing backing them so when new people stop buying them, those that bought them will see the value crumble. A good lesson or supply and demand

Jan 18, 2018 05:52 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It would not surprise me

Jan 18, 2018 05:19 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin - Wanda Can! - they defy all financial rules - so Warren Buffet is right.

Jan 17, 2018 10:34 PM
Ambassador
3,164,119
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I have no opinion.  

Jan 17, 2018 09:14 PM
Rainmaker
1,543,235
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Did they begin?

Jan 17, 2018 08:55 PM
Rainmaker
5,216,295
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a fan of cryptocurrency, so think Warren is on point!

Jan 17, 2018 06:52 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I can't see how it will work out. It reminds me of the DotCom era.

Jan 17, 2018 06:39 PM
Rainmaker
1,751,029
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Personally, I'd say yes. It was at a 50% reduction in value today. Half way to the bottom.

Jan 17, 2018 06:28 PM
Rainmaker
1,502,868
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  As my friend says, the only person making serious money off of this is the founder.  Bitcoin has no physical thing to purchase and nothing backing it up, hence the wild valuation swings.  It's a fad and I don't see it ending well.  I've even seen about how it's main feature, annonymity, is coming to an end soon.

Jan 17, 2018 05:42 PM
Rainmaker
5,005,333
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I absolutely do!

Jan 17, 2018 05:18 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

At least my Kodak stock went up because of the technology.

It will be interesting to watch how it enfolds.

Jan 17, 2018 11:24 AM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The technology is incredible.  He is from the old school. But he is right if you do not know about it do not gamble on it.  When internet came out I know it will be a big tech break through.  How it evolved is something we need to follow. There may be opportunities but more later than now.

Jan 17, 2018 08:38 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Could not agree more with this opinion.

Jan 22, 2018 08:44 AM
Rainmaker
4,935,556
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am not a fan of them at all.

 

Jan 19, 2018 03:03 PM
Rainmaker
5,868,372
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

When it comes to money Warren Buffet should know.

Jan 19, 2018 02:13 PM