Wanda Kubat-Nerdin - Wanda Can!, So Utah Residential, Referral & Relocation REALTOR (PK Real Estate Utah South)

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Rainmaker
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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
132,489
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
Rainmaker
892,466
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

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
581,394
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - 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
3,306,698
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, a house of cards with no substance.

Jan 17, 2018 08:11 AM
Rainmaker
533,027
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
Rainer
259,295
Ken Jones, SCGREA, CRES
VRI Realty, Inc. - Metuchen, NJ
Commercial Real Estate Specialist

Wanda Kubat-Nerdin - Wanda Can! I know absolutely nothing about Bitcoin or any other cryptocurrencies.

However, I'm very uncomfortable with the idea of not having the backing of a government treasury, although that's not always a guarantee of value.

Then, again. I'm totally unqualified to make any statement about this topic, since, as I said, I know absolutely nothing about it.

Jan 17, 2018 07:57 AM
Ambassador
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Fred Griffin
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
655,329
Pete Xavier with X Group Real Estate Advocates
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
642,010
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
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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

Jan 17, 2018 03:31 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

yes, i agree that those are ponzi scams.

Jan 17, 2018 02:44 PM
Rainer
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Steve Penner
Royal LePage / Moneyledgers Software - Winnipeg, MB
REALTOR / Owner of Moneyledgers

I put my money on Warren :)

Jan 17, 2018 08:50 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Yes.

Jan 17, 2018 08:49 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

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

Jan 17, 2018 08:25 AM
Ambassador
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

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
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

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
Ambassador
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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
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Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Yup!

Jan 17, 2018 12:04 PM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

Don't care Wanda.

Jan 17, 2018 11:37 AM
Rainmaker
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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
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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
475,818
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

yes

Jan 17, 2018 09:56 AM
Rainmaker
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

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
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes

Jan 17, 2018 09:26 AM
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes.

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

Probably.

Jan 17, 2018 08:34 AM
Rainmaker
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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
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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
3,512,344
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
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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
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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
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Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Certified Luxury Specialist and Interior Designer

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
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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
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's 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
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

It would not surprise me

Jan 18, 2018 05:19 AM
Ambassador
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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
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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
770,546
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

Did they begin?

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

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

Jan 17, 2018 06:52 PM
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Jan 17, 2018 06:39 PM
Rainmaker
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Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA 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
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Ryan Huggins - Thousand Oaks, CA
www.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
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Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I absolutely do!

Jan 17, 2018 05:18 PM
Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

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
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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
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Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Could not agree more with this opinion.

Jan 22, 2018 08:44 AM
Rainmaker
2,521,110
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
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Joan Cox
Metro Brokers - 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