What does the greatest investor of our time have to say about the Bitcoin mania? Bitcoin breaks all the rules in Mr. Buffett’s methodology for buying cash flowing businesses at a great price that have a moat around their business model. He missed growth stocks Amazon, Tesla, and Google because they did not fit into his methodology as wise investments. He was almost ruined with his original value investment in failing textile company Berkshire Hathaway but was able to pivot and create an insurance company and corporate conglomerate out of it that became one of the most successful companies in history. Understand that Warren Buffett’s time frame is the long term so he always plays the long game looking at where things will end up in valuation over decades not what a price moved in the last month or year.

In 2014 Buffett praised the cryptocurrency as an effective way of transferring money, and you can do it anonymously and all that.” but said it is a terrible investment.

“Stay away from it. It’s a mirage basically,” Buffett said on CNBC in 2014.

“The idea that it [bitcoin] has some huge intrinsic value is just a joke in my view.”

“You can’t value bitcoin because it’s not a value-producing asset.”

“People get excited from big price movements, and Wall Street accommodates,” he was quoted as saying. Describing bitcoin as a “real bubble”.

A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money?”

He said it wasn’t possible to determine how high it will trade for. According to him, there’s “a real bubble in that sort of thing.”

NOTE: Warren Buffett missed the Dot Com bubble & Bitcoin but still did okay for himself.



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After a big fall from the levels of around 40 RCOM finally has bottomed out and made a support zone at the level of 18. Volumes are also good and indicators like MACD & RSI also generating buy signals. So one can long for the initial targets of 22 and then if it breaks this level then further upside is expected. Put a stoploss at 17.50 on closing basis.


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GBP/INR has formed a double bottom reversal pattern on 2 hours charts and this pattern confirmation will come after the breakout of R1 i.e 82.11 and its also the 38% retracement level but as it can be seen that the RSI is also giving bullish divergence then one can long it at current levels. FED and UK interest rates also coming on 14th and 15th june respectively. So one can expect the targets of 82.65 i.e R2 which is also the 61% retracement level and on the downside 81 will work as a support.


downloadAs expected no change in interest rate  happened yesterday by RBI. But there’s so much more to come in next week i.e FED and UK interest rate decision which is on 14th and 15th june respectively. These two will create volatility in world wide markets next week & as you can see the 4 hours chart of NIFTY. NIFTY already trading near all time high at 9642 and the indicators like MACD(sell signal generated) & RSI(bearish divergence) are suggesting sell. So i think nifty should go at around 9500 which is also the major support as mentioned above and on the upper side 9700 will work as a resistance.