"If all the people in this room owned all of the farmland in the United States and you offered me a 1% interest in it at a bargain price of $25 billion, I'll write your check this afternoon. If you tell me you own 1% of the apartment houses in the United States and you offer me a 1% interest, I'll write you a check. Very simple.

Now if you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn't take it because what would I do with it? I'd have to sell it back to you one way or another. It isn't going to do anything."

(http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49091448)

Im dumb and certainly dont know warren buffets investment advice

but if he only likes things that "DO" shit, his point is much bigger than fucking crypto

(http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092808)

But the point remains that the price appreciation over time is due to inflation and the idea that the next person will pay more for it. It doesn’t really do anything or compound to become more valuable over time, so it’s not a good investment compared to e.g. a strong company that’s growing earnings over time.

(http://www.autoadmit.com/thread.php?thread_id=5748884&forum_id=2...id#49092888)