Comparison of Bitcoin and Seashells

Trader’s Journal
Comparison of Bitcoin and Seashells

Warren Buffett compared cryptocurrencies with “gambling equipment”.

A billionaire Warren Buffett with a fortune of $ 90 billion in his comments on the eve of the annual meeting of Berkshire Hathaway compared cryptocurrencies with “gambling equipment”, which also has a “series of frauds and disappearances”. He said that Bitcoin was repeatedly used for nefarious purposes and attracted hackers, while such a “failure” in the US dollar was not observed. It should be noted that in the Bloomberg report on money laundering, published this year, Bitcoin was never mentioned, and its main “heroes” were just fiat money.

Buffett compared Bitcoin with seashells (they have historically been used as money), which "do nothing" and do not constitute a great investment. He explained that if a society endows an occasional asset with “some small price”, this does not mean that it is viable as an investment.

Investy benefits
0% fee
on trades

There’s no extra commission fee for trade operations. Trade without limits

Without difficulties and KYC

There’s no verification procedure. Put your exchange account and start using

All the statistic
in front of you

Monitor the results of trading on your accounts together or separately. Evaluate the effectiveness of each position and improve your results.

Trading tools

Set "Limit order" on purchase, "Stop loss" and "Take profit" at the same time!

Automate the

Such tool as “Trailing” allow you to get extra income without wasting of time

Try service for free
Check out full functionality. Register in 5 seconds


Enter your email

We will send you
the first strategy immediately

We use Cookies. Please, learn our Cookies policy. You consent to our Cookies policy if you continue to use our website.