HomeЮморRelated VideosMore From: Doug Polk Crypto

Billionaire Makes HUGE PREDICTION For Bitcoin Price

3697 ratings | 164623 views
Legendary investor Warren Buffet makes some bold statements about Bitcoin price and the state of cryptocurrency. US Marshals will soon auction a large stash of seized Bitcoin (BTC). Rumors of Korean regulation causes panic in the marketplace, but as of now they have NOT banned trading. Ripple (XRP) announces a partnership with Moneygram. Check out my website Coin Central: https://coincentral.com I'm on Telegram every day talking about cryptocurrency. Join me: https://t.me/coincentral Doug Polk is a professional poker player and cryptocurrency enthusiast. Crypto News is the show to keep up with the latest trends and stories involving Bitcoin price, Etherium, Litecoin, Ripple, IOTA, investing, analytics, and various altcoins. I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.
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Doug Polk Crypto (1 year ago)
I'm on Telegram every day talking about cryptocurrency. Join me: https://t.me/coincentral
Acid-yo (1 year ago)
Hey man, are you on Steemit?
mylife4america (1 year ago)
I don't think it is Warren Buffett's inability to understand crypto-currencies (although he says this, in my opinion, to hide the following truth)...but rather that Mr. Buffett sees these new versions of decentralized MONEY as a threat to the Federal Reserve Monopoly-oh sorry I mean System...and therefore an indirect attack on him (similar to Jamie Dimon)...after all, Warren is the Greatest Cheerleader-oh sorry Investor of ALL paper assets created under this system since 1913 (to include fiat money, stocks, bonds, derivatives, mortgage-backed securities, credit default swaps, etc)...his buy and hold method has been successful for ONE major reason...he essentially BET on one company, by way of Berkshire Hathaway, to live and prosper as America's 3rd central bank passed the meager 20 year life span of the original 2 US Central Banks (which were not reinstated/abolished by Thomas Jefferson and Andrew Jackson respectively...hmmm wonder why they shut down the first 2?)...and that HYBRID private/public company is the Federal Reserve and it is now going on a 100+ year life span (good for you Buffett on your bet on 100 years of MASSIVE inflation)...as long as the Federal Reserve is alive and healthy...his bets on major corporations like Coca-Cola, Microsoft, Major banks, Major Insurance companies etc which all fall just below the Fed on the "power pyramid" will all do well with keeping up/surpassing the rate of INFLATION...so congrats to America's Grandpa for his life long bet (oh and Mr. Munger I think you dropped your peanut brittle)...baby boomers have 77% of the wealth (and yes I realize Warren is older than a Boomer...that is the point...he showed an ENTIRE GENERATION how to invest and CLOSE their eyes for the long-inflation-haul)...having said that...I don't think it is very "Grandpa-ish" to wait until you're dead to give back a generous portion of your fortune...at that point you are dead and it is meaningless to you...the other 23% of the wealth-pie out here comprised of Generation X (me), Millennials (my younger brother), and those still alive in the Greatest Generation (my grandma) are hurting NOW and are tired of fighting over our meager piece of the pie that we are sharing...MONEY has no PURPOSE without circulation...which ironically gave way to crypto-currencies (which btw...I have plenty of issue with them as well...another story another day)...I just realized I wrote a paragraph so it is time for me to stop...PS to Doug...I wrote you a message on one of your other videos about us chatting a bit sometime...would love to chat some higher level poop with you...I will put links below including a link to the other message/video...and as always GREAT VIDEOS
Otto Nomicus (1 year ago)
The humor is a good feature of this channel. Makes it informative AND entertaining.
MrGoatsy (1 year ago)
A Tweet from Moneygram saying Ripple basically twisted the truth: https://twitter.com/MoneyGram/status/951599965708599296
u mudder pucker (5 months ago)
Still think Warren Buffet is wrong? Trust me when he says hes is CERTAIN its going down thats like him warning an apocalypse is about to happen. He never says CERTAIN. He usually never talks about the price of something going up or down he just talks about if he thinks the business will be good or not. BUt when he is CERTAIN the prices are coming down they are 100% going down. Warren Buffet is very humble person because people don't like know it alls. He knows everything and he realized people don't like being told they are wrong so he changed his personality into a more humble way and people started to like him. So when he says he is CERTAIN and its coming from a person who uses a humble approach you empty to vault. The party is over. I honestly don't even think bitcoin is worth 1k. Its definitely not worth more then gold. The people that manipulated up the market are going to prison right now. Regulators are taking people down. There is nothing to prop up the market anymore. It will continue to fall. The real price of bitcoin imo is probably around half the price of gold. 90% of the investors are from china. The chinese government is not having it they are putting people in prison that manipulated the market. I know your not going to sell it but its wont be these prices again mabye in another 40 or 50 years. Block chain is great but the crypto coins are tulip mania bull ran by a lot of scammers. Why i got out in 2017 and warned people over and over again and you guys kept buying. You guys think crypto coins are block chain technology. They are not. And bitcoin is a failed project already. They can't scale, and transactions fees are high and they have a log jam that mike hearn ( the head engineer for google not old man) explained along time ago why bitcoin will fail.
u mudder pucker (5 months ago)
So if you guys think you know more then WArren Buffet, and Mike Hearn a former lead engineer for google go to the doctor and get some meds and take it preferably with food. Get out the market its not over yet.
John Michael Ferrer (7 months ago)
Great content! Love it! Hope price stipulations and predictions for not so noticed cryptocurrency will also be posted. Just like those in education platform like LiveEdu, BitDegree or Bitschool. :) Thank you!
TheInvisibleOne (8 months ago)
Buffet is 87, times a tickin
hgffize (8 months ago)
What the fuck is cryptocurrency?? Is it like money?
Simon B (9 months ago)
Did banks and stocks markets ever went into a downswing? I dont remember banks losing so much money that some states had to wipe them. Banks are so much safer.
emnor koeng (9 months ago)
Its good that now we dont need the banks and government to control our money. Bitcoin is borderless money, no country or banks have right over the money, its belong to the community, transacted peers to peers, for the world population of all nationality, rich or poor. People have full control over their own Bitcoin and its ledger. No need to seek permission from govt or banks to transfer our own Bitcoin from one continent to another. Money in the banks belong to us but we faced lots of problem when we request to transfer fund or withdrawing cash. As though the money in the banks do not belong to us. We dont pay any fees when we transfer Bitcoin. Now i can buy anything paying with Bitcoin just with my mobile phone anywhere in the world without going through third parties who charges high fees or restriction from the so call capitalist, government and banks. To yield the Bitcoins by mining, peoplw have to bevome miners, just similar to those people who mine precious metals and minerals like gold, silver, copper etc where fiat monies are created by governments. Mining Bitcoin is not free, just like mining raw materials and precioys metals, people have to spend huge amount of money, consume time and face risk to create the mining rigs in order to yield Bitcoin. Bitcoin is the money of today, the future and forever. Those who start collecting, saving and using Bitcoin now will gain, as in near future, Bitcoin will be scarce and the price will be extremely high. Govt should consider creating their own cryptocurrency in order to be part of the cryptocurrency community and not blatantly penalise them. Cryptocurrency, esp Bitcoin is really really awesome. Thanks to those people who have the brains to create this Cryptocurrency and also the brilliant governments and establishments who supported them.
u mudder pucker (10 months ago)
what you think about warren buffet? Just cause he is old people think he is a dummy. He doesn't need to know what cryptos are he just needs to know how investing works and regulations work. When he says he certain a word he almost never uses in his vocabulary its 100% going to free fall and it has since he said it. And it is cause the IRS is now sending people 50k bills to be paid in taxes for buying and selling cryptos. A lot of people are going to end up broke. On Reddit earlier this week, one contributor, under the heading “I just discovered that I owe the IRS $50k that I don’t have, because I traded in cryptos. Am I fucked?”, wrote they had ended up with a $50,000 tax liability on trades after they sold $120,000 worth of bitcoin to buy different coins. The current value of those coins is about $30,000. “I feel like I might have accidentally ruined my life because I didn’t know about the taxes,” the poster wrote.
u mudder pucker (10 months ago)
crypto currencies aren't decentralized thats just a sales pitch to get people to buy...
JohnnyJohn216 (10 months ago)
I only have $400 into bitcoin just getting started wish I knew about this in 2009 😂 I be a millionaire. And not living of a pay check. smh Idk what $400 will do in 2018 but I got in under $9000 using the cash app. I truly believe this is the future of the world's money so doing what I can now before bitcoin hits 1million.
DangusPrime Gaming (10 months ago)
'almost with certainty' and it will come to a bad ending, so does that mean in 68 million years when the earth is swallowed up by a black hole it came to a bad ending? lmao... does that mean it will come to a bad ending for him, being that he is in direct competition with bitcoin...? lmao. These people in power speak in metaphors, or they speak straight to your face and play on the idea that what they are saying is supposed to be a metaphor... they are full of shit.
joshua2585 (11 months ago)
"what is it 2005 already?" HA good line.
ray ray (11 months ago)
Alt coins right now are in raw form just stocks with perks that anyone with a buck can trade in without having to pay fees at traditional brokerage firms like a flat 5$ per transaction and up to 75$ for larger ones. Coins without a product behind them are just along for the ride.
Zach Hart (11 months ago)
Much mirage.. DOGE:DHPwSjQZAQWzHiff6rmYxrNryc4YBjhBp1
George Chatzis (11 months ago)
In that black unregulated crypto "market" in about 1 or 2 years almost all of the people will lost everything, some will suicide, 10 to 20 will be the billionaires and you are laughing with Warren buffet!!!! Great.
Peter Meissnitzer (11 months ago)
$300 "It's a bubble, it's going to pop" $1000 "Trust me, it'll burst, just wait a few more months" $2500 "Give it a few more days" $2000 "Ha, told you all" $4000 "It's still a bubble" $5500 "Ohh boy, that’s gonna hurt when it bursts" $7000 " This is the end , we are close ..." $9000 " We all knew it wouldn't last " $11000 " Within a month it's toast " $13000 " It should have never made it this far " 9 years later ..... and counting ..... see where this is going..... the only BUBBLE BURST will eventually be FIAT currency . Join the REVOLT join the RESISTANCE join BITCOIN .
m.youtube.com (11 months ago)
electronic gold and silver coin
Peter Meissnitzer (11 months ago)
Let's get out of speculation and supposition and talk what is and has already happened: 1) WTO's already has a 'back up' global currency in case the US dollar implodes - SDR. 2) India already banned the importation of gold and went cashless! 3) UBS and CitiBank in Australia went cashless at their bank branches! 4)Its illegal in Belgium to buy anything more than 3k in cash! 5)Ecuador is cashless nation! It has no fiat currency, but relys on the USD. 6)Singapore most shops have signs 'sorry no cash', only about 15% of transactions involve cash! 7)South Korea central bank will withdraw cash and become a cashless state by 2020! 8) Sweden and most of the UK you cannot purchase tickets on public transport w./ cash! Cash is already finished, its only a matter of time before fiat currencies implode. The only countries with currency back by gold that I am aware of is Switzerland where 25% of its reserves are backed by gold. And so in conclusion BITCOIN is the FUTURE . Get on board before it's too late ( too expensive ) . As always even MICRO BITS will serve you well in the future and of course ONLY invest in what you can afford to lose even the MIGHTY BITCOIN has risk small but it's there.
Peter Meissnitzer (11 months ago)
BITCOIN IS THE NEW GOLD , DIGITAL GOLD , THE WORLD IS CHANGING , CRYPTO CURRENCY IS HERE TO STAY .
M S (11 months ago)
Maybe he should concider the name Warren BufFUD?
Crypto Conversations (11 months ago)
Love it...
The Strange Attractors (11 months ago)
Hey Doug what do you think of YOMAMA coin 😜
yakety Caro (11 months ago)
Buffet doesnt have to know anything about bitcoin to know how it would end. Its all about psychologie here
Eric Cartman (11 months ago)
Turned outh that the 'old billionare' was right after all huh??
SwaggerOnHundred (11 months ago)
Doug Buffet meant the easy money frenzy will end in disaster same as the dotcom bubble. Even if Bitcoin or ether were the currency of the future they will be like Amazon stock. If he knew the field he would predicted which actual application that could work and which currencies to stay away from, but he doesn't so he is warning against the herd mentality and pump and dump schemes.
Patrik Granström (11 months ago)
Yo, that Verge tho? Isnt it exciting? :)
Jos 34 (11 months ago)
Warren knows nothing about bitcoin. really? LOL meow!
William Flores (11 months ago)
fuck south korea.
Sheldon Spock (11 months ago)
I don't know why people are getting so upset about this. He said "why would I bet in something I know nothing about?" and that's all you needed to hear from him. He's right, he doesn't know anything about it therefore he shouldn't deal with it. He's old school, he sticks to what he knows. Nothing wrong about that. Sometimes you can't teach an old dog new tricks, that's just how things are. End of story.
Sheldon Spock (11 months ago)
"while some governments do decide to HODL their coins" hahaha epic
Stanime 306 (11 months ago)
yeah guys, don't go all in with pocket jacks.
TheRebelPhilosopher (1 year ago)
Government take responsibility lol Polk your drunk go home
Jimiish (1 year ago)
Doug, make a video talking about exchanges and usability. Maybe something like a few exchange reviews Thanks!!
Edward Ryan (1 year ago)
At first i was a bit skeptical of you but you have gained my trust and are in my top 3 favorite youtubers.
Just an Apprentice (1 year ago)
:) tell me about raiblocks pretty pls
Obi-Wan Kenobi (1 year ago)
Warren Buffen smells like pension homes
Kurt Elliott (1 year ago)
How does anyone know that Bitcoin is not produced by North Korea? I see it as a scam! how can you prove you have a real Bitcoin and not a counterfeit Bitcoin? This crypto currency should be banned all over the world since it is used in crimes such as tansomware!
Marly Hanson (1 year ago)
If Warren doesn't know anything about crypto he shouldn't have an opinion on the matter. JP Morgan Chase is getting involved by year end. Morgan Stanley and Goldman Sachs are already involved. That says much.
David Gross (1 year ago)
Thanks for the videos Doug. On point sir!
Georgiy Hristov (1 year ago)
the owed aloan poster :D:D:D
Brian Johnson (1 year ago)
Wasn't Warren Buffet the guy who told his friends not to invest in rail road but went behind the scenes and made millions off that same investment?!
sktelcom91 (1 year ago)
I don't know Doug, I happen to agree with Warren with regards to crypto. However, I do find comedic value in both your channels and I continue to watch.
James Trebble (1 year ago)
Great video today, love the bitconnect stuff, nice see someone talking sense
Dan Moreno (1 year ago)
People will get off the Alt coin bandwagon soon when they realize most of the coins/companies are shit coins and you will see the major coins or most legit ones take most of the market share. Theres alot of money out there spread into shit alt coins.
Nicolas Cuny (1 year ago)
CONGRATZ ON 100K MY MAN WE LOVE YOU!
Crypt Oxya (1 year ago)
Would you say that Davorcoin (DAV) is a scam?
Frank Sun (1 year ago)
🤔👍🤓
Sepharite (1 year ago)
HE WAS RIGHT. EVERYONE SELL NOW!
Aaron Lapointe (1 year ago)
Big fan Doug.. I wanted to question you questioning Buffet. But I think you played it well..
abberantgeck0 (1 year ago)
Warren Buffet is an investing genius. He's often right about what he invests in. That doesn't mean he's right about what he chooses not to invest in. There are plenty of investments of which he has changed his tune over the years and even criticized his own line of thinking about.
golden nugget (1 year ago)
Bitconnect isnt paying anymore rip
Kester Henry (1 year ago)
ha Doug, I got you! Believe it or not, moneygram is big in other territories around the world. Love you videos! Keep creating!
Philrups (1 year ago)
You should make a Coin Central App.
kooshiar azimian (1 year ago)
Warren Buffet has been wrong about tech 100% of the time.
friendlyskyguy (1 year ago)
Your argument that Buffet just is too old to get it is just silly. If you don't think the greatest financial mind of our times (who is also a close friend of Bill Gates) isn't looking for ways to make money on wifi sex toys or anything else new that comes out you're kidding yourself. The market is inflated with gamblers that want to ride a lambo to the moon and not enough hodlers would be one of the reasons buffet is bearish on bitcoin. It doesn't help that companies like amazon haven't jumped on yet. If they do you will see Buffet change his mind. Think about what he's saying though. When is the last time the dollar value of usd doubled or tripled to other currencies? Read white papers, invest in things you believe in, and watch out for the easy buck. Bitconnect learned that today.
Kermit the Frog (1 year ago)
*its funny how he says bitcoin is a bubble right before saying he knows nothing about it.... typical*
SupaNautica (1 year ago)
FEDCoin... Maybe he does know some changes planned?
Allen Christian (1 year ago)
I'm not asking you "son"! I have 30 years experience under my belt that you don't have "son"! Don't let your personal bias dominates what you try to do as a "Crypto reporter". Idealism/dream is one thing but practicality/reality is something else.
Marco rosso (1 year ago)
dimecoin and dix (thank me later)
kev Waltham (1 year ago)
What u think about verge
HippieWithA Gun (1 year ago)
WOW 3800 Bitcoins is worth over $52,000,000
Hasheem K (1 year ago)
Announcement for Ripple didn't do shit for it
Hasheem K (1 year ago)
I want hot cheap cyrpto
Brian Turner (1 year ago)
hahahah epic set up with the dual camera and news sting music
Mr Bob (1 year ago)
Buffet has no Fu $#@#ing idea...
Echo (1 year ago)
Check out cappasity ICO
Martin S (1 year ago)
If you don't know how crypto currencies work DO NOT invest in Crypto currencies and i assume most of the people that did invest still don't aunderstand it. On the flip side if you did understand how Crypto currencies work and how the economy works you should understand to DEFINETLY NEVER EVER invest. But it seems many (like Doug) understand crypto but they do not understand the economy.
Hydr0P1-E (1 year ago)
Gotta luv yo channel :D
Drew Batcheller (1 year ago)
Love your videos, but your 'unbiased website" has "free bitcoin 101" as a hot link on the top, and "psychology of CHEAP coins" as a title for another article on the main page. Since both of these titles directly contrast your previously stated opinions about watching out for scams and fake headlines, as well as your distaste for the notion of a "Cheap" coin, I wonder how much control over the content you the owner are really having. Or is it just a business you threw together to generate income without any regard for setting the standards of content that you preach here on the channel? Just my 2 satoshis.
Doug Polk Crypto (1 year ago)
+Drew Batcheller Thanks Drew. Appreciate the feedback
Yingcong Zhang (1 year ago)
what do you think of tai lopez?
Wilson Curie (1 year ago)
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. the mind cant easily recognize that they are the same.......mine and trade bitcoin on www.autominingbtc.com
Diego Gonzalez (1 year ago)
I don't understand your negativity surrounding Ripple. I don't own XRP myself. But if MoneyGram uses XRP, then why is that news negative for the XRP price ? XRP is overvalued ? Probably, but so are all the other coins. You don't think Bitcoin is overvalued given the slow transaction speeds and huge fees ?
Stu (1 year ago)
Suscribed after that video of those guys breaking down the cryto market for me.
Philipp Blum (1 year ago)
I think what Warren Buffet means it's just: We seen a increase in ETH/Altcoins of 10x in just 2 month. That's not natural. And we've already seen this kind of pattern in the past. It's called bubble. And there will be many people who will lose a lot of money, because they fear of losing everything and will sell out. I'm out with most of my coins for now. I will get in later, but currently it's way to hot in the market. And the people who are getting into the market are... yehh, we don't need to talk about stupid money and what happens to markets with stupid money. I think we will see a kind of crash in 2018. This doesn't mean that the market will destroy and many coins will not exist anymore. That's not what I mean. But we will see a crash in the market cap.
OG Z (1 year ago)
Doug, you add so much value to my day from poker to crypto and just wanted to say thank you! With all of these idiots who have no idea what there actually promoting (or do they), who else would you recommend to watch for information on crypto?
Pun Jab I (1 year ago)
South Korea will proactively VETT and REGULATE ICOs.
Pun Jab I (1 year ago)
As for Ripple, the term is INFLATIONARY. It is an inflationary coin.
pjn2001 (1 year ago)
Do you have a twitter account?
IBRAHIM SHEIKH SYLLA (1 year ago)
Men i don't know what to do, because i live in morocco and it's banned here u know, i'm looking the oportunity runing out of my hands
Stefan Ionescu (1 year ago)
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Ram Haridas (1 year ago)
What’s going on with Bitconnect? Why is it down?
Aztrix Marshall (1 year ago)
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Adam Espinoza (1 year ago)
Hey Doug what do you think of JarJar actually being the Sith Lord? It’s not a coin or anything it’s just facts
Hodl Face (1 year ago)
What you think about X439P11?
TheTraveler (1 year ago)
Are you the Crypto StarLord?
Ruslan Klezmer (1 year ago)
I’m starting to lover your vids more and more Doug. If the government calls give them my number too if it’s under 13,700$
Jeff Boni (1 year ago)
There is a much smarter investment right now, it is still at $1.75 per token, opposed to over $400 for bitconnect and could very well become another bitconnect with over 100x growth. Their lending program starts in a few days, and will give slightly more profit than bitconnect, the main advantage is that your original capital gets held for significantly less time. Their referral program also gives 18% profit instead of bitconnect's newly updated 5%. I've already invested into and just waiting my interest. If you want to learn about it. Visit https://goo.gl/uugV1x
Dhett22 (1 year ago)
Dude... these videos are hilarious!
jude kasumo (1 year ago)
have you heard REBL rebellios? What do you think of BDG bitdegree
I. young (1 year ago)
DPC, which altcoin will make me rich by end January??
Ur Buen (1 year ago)
Warren Buffet talking about btc or crypto its like Helmuth or Negreanu talking about poker in 2018... that s the power of his opinion exactly and the value of taking it into any kind of serious discussion
Pilek01 (1 year ago)
stop making those smart vids, better shill me some coins :D
Gilben Grimace (1 year ago)
South Korea pays the most for all their crypto look at the prices their exchanges trade at its higher then ours. Must have more traction over there
Gilben Grimace (1 year ago)
hahahaha funniest videos bra the best, that flash cut to them kids cracks me up "Right back up, Then down again" XD
Joseph Jarvis (1 year ago)
How here to earn your Bitcoin today. Eaen while you can. https://www.bitminer.world/20256891
Grimlock7 (1 year ago)
Litecoin
Roast tai lopez plzzzzz
VittoGoL (1 year ago)
Wall on focus while you not. I appreciate your videos but please try different focus settings on that camera
kojo mojo (1 year ago)
LMAO. You gotta stop the JR slander for his sake, but for the sake of humanity dont.
Billy Ray Valentine (1 year ago)
Altcoin buzz brought me here
Vincent Dowd (1 year ago)
Good stuff my friend, enjoy your fun way of delivering quality information :)

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