In recent times, there has been a tremendous deal of discussion around cryptocurrencies. I have already written an article about them, so I cannot change my opinion. It is possible that I will overlook any significant aspects or advantages they might offer. To look and read, I have logged into a significant number of forums. In each and every venue, Mr. Buffett is praised for his excellence as an investor. The same people, however, also rave about Bitcoin. There are, without a doubt, individuals who openly express their opposition to these cryptocurrencies. I wanted to know where Mr. Buffett invested and what he thought. He believes they have no useful action coefficient, so he hasn't invested. My viewpoint is exactly the same. Online forums often compare bitcoin to gold. No words come to mind. Gold, in addition to being a raw resource that is utilized in a wide variety of applications, ranging from manufactured goods to ornaments, may also be traded for anything. One way to think about Bitcoin is as a form of cryptographic lottery. The only way for others to profit is if more money comes in, allowing them to lie and predict when bitcoin's price will rise. Alternatively, the price could decline and the market could experience sufficient volatility to facilitate sales. This idea is only going to excite folks who are looking to become wealthy in a short amount of time. Although it is possible that this could be advantageous for certain people as a lottery and calculation, I do not believe that there is a way out of making a real investment in a business or creating surplus value through the use of cryptocurrencies. How many people would be content with such a salary? Additionally, there is uncertainty. Government-created money offers an escape route. due to the fact that they might be regulated and, in some way, not have a lot of volatility. Just for a moment, let us say you receive a wage, but the next month, you are uncertain about your level of life. Consequently, I am unsure if it is a Ponzi scheme or simply a situation in which a large number of individuals potentially lose a lot of money that they have worked very hard to obtain. When we talk about a casino, we are referring to a place where you have to place many bets, and the danger is not that you have invested in the company; rather, the risk relies on luck. It is one thing to put money into a company, but it is an entirely different thing to wager on a card, a chip, or a brand-new game. If you know when people buy or sell, your odds of winning here are better than winning the lottery. This, however, is not an investment; rather, it is a casino. This is not a personal attack; I am simply expressing my opinion.
Author Sezgin Ismailov