Bitcoin Forum

I mean he just tweets about bitcoin so often. He may be thinking that he is guiding his followers out of bitcoin but what he could be doing is making them more curious that they will eventually buy like his son did. Bad publicity is still publicity eh?
https://i.ibb.co/6Rv6kYp/PS.png (https://imgbb.com/)
- https://twitter.com/PeterSchiff/status/1333441586282328067

Salty as he is, he even went on and attack press like CNBC for helping pump bitcoin with their coverage hehe.
https://i.ibb.co/C8ZN8WG/PS.png (https://imgbb.com/)
- https://twitter.com/PeterSchiff/status/1333768915147755524

So who will be the next company that he'll attack? Visa? Paypal?

Well, yes, but I don't think it affects the market to be honest :)

No,nobody cares about Peter Schiff,so I don't think that he helps for the Bitcoin price pump.
By the way,I can agree with some of his views(even thought it's FUD) about the current Bitcoin growth.
Bitcoin right now is attractive mostly for the gamblers and risk takers.This can't be a healthy and sustainable growth.I also agree that the crypto whales will crash the market again and take the profits.The question is when it will happen?
He's also right about CNBC and the current low level of financial journalism.I just don't trust the mainstream media anymore.

It is understandable behavior from a butthurt whose bags of gold aren't rising in value and have been having very hard time lately while he sees bitcoin keeps doubling its value every couple of months and consistently. It is easy to see his butt is hurting ;)

And no he has no effects on bitcoin whether positive or negative, he is just another old man filling the internet with nonsense that nobody cares about.

When Bitcoin has been reported banned in China last 2017, I saw that the price of Bitcoin at that time is doing the opposite thing that what most of the investors are expecting.

This what I called "Reverse Psychology" where a famous person are just saying negative things about a thing but in reality it is the complete opposite. He bashes Bitcoin every time but He doesn't know that he is just promoting it in a different way. Yes lets say that it is not his intentions to advertise it but if you are an intelligent investor, you know what to do in things like this right :D.

Its not always like this - if you're talking shit over small service/technology/company/etc its going to hurt them badly.
But if they're big enough - it works exactly as you put it "Bad publicity is still publicity"

Probably. Peter's very strong derision toward Bitcoin probably makes other people curious enough to get to know the real deal of Bitcoin. And in the process they might actually end up finding something nice or two about it than totally discarding it like Peter does, and badly hopes. His son is indeed the perfect example.

Anyway, as much as he hates fiat, I think Peter won't be attacking the two mentioned fiat-based payment giants soon. He didn't attack Paypal when it announces its decision to allow buying and selling of Bitcoin in its platform. He kind of wooed them instead. So I guess they're not his enemies. At least for now. Who knows in the future? He might treat his enemy's friends as his enemies also.

Personally, i think this guy can only affect bitcoin in a small scale. Bitcoin is currently influencing by many differnt group of people nad no individual has enough fund to create a huge pump/dump in a short time

Not really, he explain in his post below that people are seeing legit asset investment but whales will left them hold the bag of bitcoin when whales dump their coins.

I think he right in his reply this is why that every investors may it big or small should always watch out for the possible dump coming from the whales to avoid getting in the scenario and that requires you to regulary check the market movement. Coinmarketcap.com is enough or good site for tracking bitcoin market movement.

Not even the legendary Warren Buffett could take down Bitcoin that easily. For sure in the early days, he was one of the reasons why Bitcoin was rejected in the $10k resistance and pulled the price back even further. But now, Bitcoin has gotten even more stronger. Not even Trump could take the price down, not even the pandemic, the effect reversed instead. As for Peter? Well, I don’t believe that he had made such impact on the crypto prices right now.

Peter Schiff is a great guy, and definitely has some good insights into investing in commodities. But I wouldn't be so harsh to attack CNBC like that. It's not the first time Bitcoin is around 20,000 USD. CNBC is just covering the rise, not hyping bitcoins even more. His remarks are good to read but shoudn't the market too much.

"Sets a new low in financial journalism ethics", says who anyway? his words are insignificant towards Bitcoin at this point. It's at least making a publicity for Bitcoin to be known and much less on gold as a lot of his tweets mention "Bitcoin" in it. Nonetheless, I love how people in the comments is saying how salty he is now that Bitcoin is getting a positive feedbacks contrary to what he expects.

Perhaps he may be responsible for the recent moves but I don't really think he is fully responsible. Have you check back how Btc printed $10k during halving movement? That kind of movement is natural that's as a result of fomo. He is just an influencer that's probably having share of his wealth in Btc but technically looking at Btc price, it wouldn't belong before we break new all time.
We have been consolidating between $18k and $19k, don't be suprise if Btc make a new all time before the weekend.

The fomo is real, hence nobody want to miss out.

Here's my take: let the old man speak his mind but don't let yourself controlled by his thoughts. His existence and thoughts don't just magically influence the markets or so.

While I respect his heavy support of precious metals and understand his choice of not investing (or at least not publically doing so) in digital assets, I think people should care less about his opinions. The main issue is that a lot of people just act based on what he posts, which is quite naive to say the least. I don't think he "helps" the Bitcoin pump in any way, but he surely does help publicly pronounce his irritated attitude against BTC.

He is quite persistent in his denial akin to Warren Buffett when it comes to Bitcoin. Both of them are old men who simply don't want to accept that something out of the blue like Bitcoin can challenge the status quo of their beliefs, or even threaten the established order of things by making millionaires out of curious teenagers prowling Github from their basements.

Him and people like him view that wealth should be synonymous with privilege. That is a view they hold very dear because that is the anchor of their self-image and existence. Bitcoin does not recognize privilege and treats the privileged as well as a first generation coder equally. While that time has long passed when bitcoin made millionaires, bitcoin's mere existence as an alternative for a tech-savvy generation is a threat to their worldview, hence, the nastiness.

Hihi, he went again full nuts mode because gold is not at $10000 per mg?
I thought he would come around but probably seeing gold going down 20% and bitcoin surging 80% made him lose his mind again.


Yeah, like 0.015 of 0.001% of a cent.


Yeah, but still the guy that has millions will be able to buy tons of bitcoins, and the one not affording a second meal a day will still be unable to buy anything and his destiny will be still the same. Bitcoin made a few of the first adopters crazy rich just as some got rich from oil or gold or cattle or anything else by being the first to establish a business or to finds that specific resource on his land.
And yeah wealth is a privilege, and bitcoin or fiat it will be like this forever, do you think that anything will be changed by bitcoin? Why?

It is true, that we cannot conclude that with just one person the volume of bitcoin can have a very large pump. I think Peter is only a small part of the investors who contributed, but not all. Unless he owns ten million bitcoins, maybe we can say there is a possibility ... but there are still many investors scattered around the world who are causing the bitcoin pump. One of the reasons is the increasing interest of people to invest in bitcoin because during a pandemic situation, investing in bitcoin is the right way to save their property.

Honestly, it's my first time knowing about Peter.  Bitcoin's price increase was noticeably more mature when Paypal announced it was accepting Bitcoin purchases on their platform.  One person's opinion would be difficult to make cryptocurrency attractive but when a large company opens up its self to cryptocurrencies (like PayPal) it creates a huge domino effect..

I agree with you. Peter did not help the bitcoin pump because making bitcoins value is not done by just one person. It is difficult for him to attract more bitcoin investors but big companies can do it with the millionaires and billionaires who now also use and invest in bitcoin.

Some considered bitcoin will change their life one day and holding the funds. But the thing is, they will lose their hope on bitcoin and sell at low price due to panic.But some will be unique from them.They will hold till the maximum pump in bitcoin price and till their expected rise in bitcoin price. Sometimes the whale will decided the market.

Bitcoin with its hundreds of billions $$ in marketcap is way bigger than some twitter goldbug celebrity, so instead you should maybe ask - does Bitcoin help Peter Schiff have more followers? Maybe it does, because it gives him something to talk about. It's pretty pointless to talk if a single person, a small company or a small country can influence Bitcoin, because while technically they can, it's so small that it just can be ignored.

Those who are working behind the success of Bitcoin and not just a hype on twitter, well for me he's not helping at all. I don't much about this guy and I don't know if he's a real pro Bitcoin, but making any statement doesn't make bitcoin pump because we need fresh money from the investors and not any word so we can totally pump. Bitcoin pump is made of the traders who actively play in the market, they know what to do for sure.

Pretty much an average old guy that dislike the fact that bitcoin is destroying his gold stack. As much as I hate to admit this but bitcoin is not going to be popular with all those 'old guy' that has impact on financial / economy to some degree. They are going to be sticking with either gold or property, their safe haven for years


Depending on who tweeted it. It could give a bad impact though. Warren Buffet's statement regarding bitcoin / crypto gave a bad impact iirc

Everyone is free to think about Bitcoin, including Peter Schiff go ahead say negative about Bitcoin. In fact, his opinion will not
affect the price of Bitcoin, indeed Peter Schiff is a rich man with many followers, but not strong enough to affect the Bitcoin price.
What he said on Twitter should be ignored, because there really is nothing to worry about.

I think the price movement of bitcoin can increase due to the interaction between buyers and sellers, so if the price of bitcoin can go up it's not just Peter, but bitcoin price movements can go up when many people buy it.

Common reactions from butthurt and i do have the same views that these fellas do keep talking as some sort of covering up their worries and frustration into their portfolio while seeing bitcoin
is flying out with colors and with people like these then i dont really see the relevance for them to make some effect into the market.They can talk all they want and attack to those companies/personalities/media
if they wanted to but people of this community doesnt really care into those words that do keep spitting into their mouths.Same goes to those similar people who talk negatively or to those
exaggerated permabull unrealistic calls.

Another drama from peter schiff?
Even a few hours ago he also said this:
Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar (https://cointelegraph.com/news/bitcoin-gold-to-benefit-as-peter-schiff-predicts-worst-year-ever-for-us-dollar)

Sometimes, it is about how powerful is Bitcoin, and sometimes it is about gold. Well, actually he is a popular person, especially in this area. But, will it really influence much? I don't think so because of what he commmonly did

People are more educated and more intelligent than to believe in this kind of opinion, they are a search away if the information provided is correct or not, with so many good news coming and provided online, this kind of FUDS will go nowhere, in fact bad publicity is also helping the cause of Cryptocurrency.

Almost admitting the change of heart. He can't just miss the chance to tweet bad about Bitcoin but in the end, it will likely help its pump when his fellow finance guys will be interested to join the pump. The tweet is like a fud. If his son already has gotten some BTC, Peter could also have some already by now as its part of the father and son relationship.

Nah just let him do what they want. That's his account after all.

It can't affect the bitcoin market as a whole. No way.

As for his followers, up to them how will they react to his tweets, will they treat or consider bitcoin as positive or negative?

No one can control the crypto market tweet reviews it will depend on his site not everything can be delivered via tweet bitcoin pumps increase the price based on the demand in the market the higher the investment the higher the price. Peter can give a lot of information about bitcoin promotion through his tweets but can't determine the price difference if the rate of investment in bitcoin increases through promotion which will affect the crypto and the crypto market will rise will help for the pump.

We're on first name terms with Peter Schiff now are we?

Any news is good news and you should thank Mr. Schiff for giving bitcoin some airtime post US elections and covid.

Oh so you're saying Peter has bought bitcoin now? He may be many things but I don't think he's someone playing that "spread FUD to buy btc at a lower price" game.

You are both missing the point. It's not his intention to make bitcoin an attractive investment. It's actually the opposite but he could be helping out by constantly attacking btc.

I'm not in trouble am I?

If one person does not have big influence on national or global policies or regulations on crypto, one tweet does not have big influence on the market. Peter Schiff is a bull bitcoiners and I caught his idea to support bitcoin and gold, silver. Gold and silver are safe haven for wars, conflicts, hyper inflation and Schiff is right.

Kiyosaki stated about his investment perspective on Bitcoin, Gold and Silver. (https://twitter.com/theRealKiyosaki/status/1327084672044703744) He is bullish on three assets. I'd like to choose bitcoin as its convenience for me to move my money. Bitcoin transactions are easy to use and I can store or bring my bitcoin to any place on the planet. I don't have to bring gold or silver bars around, don't have to store them in Vaults.

I agree that the time has passed when bitcoin made millionaires. Wealth is a privilege commensurate to control. The person/group that has control over resources will command wealth over time. It has nothing to do with the entrepreneurial capacity of the individual as much of the capitalist world portrays it to be. The most important key to realize the potential of an individual's entrepreneurship is access to capital. I do believe that in a world where bitcoin gains huge value and it has patrons in an anonymous community of well-meaning individuals, this access to capital could open up investment avenues for people and parts of world which have been either historically ignored or plain exploited.

I have held this thought process since the time ICOs came to scene (and of course disappointed all of us). Unfortunately, we are constantly moving towards more regulation and transaction tracing. This is important for the current elites so the flow of capital can continue to be controlled. Bitcoin has the potential to change this. Or I should say, had.

Definitely, it's like publicly pumping the market, he's one of the market influencers because he has a lot of followers and concerns about finance, not just own Peter that i see many other influencers are fomo bitcoin. If this were to happen with any project then people would start saying the hype and fomo again.

it could be that Peter followers become more curious and they could just find out about bitcoin and buy it this will make bitcoin prices higher and cause more curiosity this will cause bitcoin price pump Peter unconsciously has spread bitcoin to these followers it will have a good impact on the price of bitcoin.

That's just the typical Peter Schiff. He knows a lot about bitcoin yet can't accept those facts that he knew. Luckily, his boy is smarter than him and can adopt the newest trend in digital assets. Whilst him still stuck in the traditional aspect of investments.

Why not he tries to attack and give his bias through those companies that just adopted bitcoin and showing interest that they'll use it in their platform in the future? It only shows how desperate of him but who knows? if this guy acts like Jamie Dimon.

i think this was still a bad publicity because he scares people that are on btc and to those people that are going to try btc and i dont think that he will attack visa or paypal because both companies are not decentralized or crypto related but it looks like he was only allergic to btc .

since i already mentioned bad publicity i think paypal has also done this to btc , where they announce that they are going to support btc but people ended up complaining that they cant do this or cant do that .

Yes I think he is helping Bitcoin to pump whenever he makes a post about it good or bad.

I just checked and he has 300K + twitter followers and there is a good chance that each time he tweets about Bitcoin, someone of them find interest and googles it.

Atlist he recognized bitcoin taking share on some key industry that has the capacity to change the price and have large market capitalization which is doing well today. I believe his statement is going to attract more investors into bitcoin market.

Which I find odd actually. Gold must be too boring now that he has a lot of time monitoring what's happening to bitcoin price and adoption.

Maybe he's criticizing them indirectly. He's also tweeting about Grayscale but not the institutional investors partnered with it.

---

On another note, here's one reason why he's fuming against CNBC:

In an interview with CNBC, BlackRock CIO says ‘Bitcoin will take the place of gold to a large extent' (https://cointelegraph.com/news/blackrock-cio-says-bitcoin-will-take-the-place-of-gold-to-a-large-extent) (video (https://twitter.com/APompliano/status/1329774212018475010))

In a seprate interview, Blackrock CEO says:

You are right
it is not appropriate to stamp bitcoin on individuals. because I think it's time for bitcoin to take off. There is no guarantee whatsoever about tweets from Peter or his fans. this is ridiculous

What causes popularity of something is hates, peter might have hated bitcoin because his gold is not giving him enough profits expected, making him to blast or jealous bitcoin holders, invariably he is telling his followers that bitcoin is a perfect coin to hodl, there are numerous number of people still not understanding how bitcoin and transaction works, so this in turn will let them Google about it and and start having little knowledge about bitcoin.

I don't know him but if he has a large number of followers then even if he hate or love it, people will get curious on what he is saying. This can be good if those people will understand bitcoin well. But if some will only know it because of its huge price now then this can be bad in the long run. People must know the volatility of bitcoin.

Yeah. Because bitcoin is in a bullish trend, he just can't help himself but also look closely into it. He's always like that, a lot of time dedicating to bitcoin, and keeps telling negative things as if many would believe him yet can't even stop his son from buying bitcoin.

Or he has a sort of attachment to those company and that's what he does. He can't voice out to them directly because there could be some conflicts between him and those companies, I don't know I'm just also speculating.

Uuhm :D people don’t really care much about what he has to say about crypto (bitcoin). Although in some ways I know that what he’s doing will make some of his followers to be kind of interested in Bitcoin, they would be curious to research about it after they have seen him post about it a lot of times, and some of them will eventually get interested and will invest in it, although since they are likely just individuals it’s not going to have any much impact in the price, unless they are some big institution or a very rich guy with some big bags to throw in.

As a wise man once said: “First they ignore you, then they laugh at you, then they fight you, then you win.”

After reading statements full of hate made by people like Peter Schiff, it might seem that Bitcoin now is still in the "they fight you" phase. But, no, this stage is over, and haters are just living in the past. Bitcoin is winning already.

I believe very old people should stay away from crytpo as a whole. Look at warren buffet as well, he has been asked about crypto a million times and he always said he doesn't like it as well. So, very old people have one thing in their mind when they are investing and that is "value based on something" which is usually called intrinsic value and bitcoin doesn't have it.

Bitcoin is not tied to anything, but the reality is that bitcoin is a currency and not a stock, gold or anything like that, which means it is more like dollar/euro instead of like gold. And dollar is not based on anything neither, governments print it, and people usually decide what things worth themselves, so the value is given by the people and that same thing goes for bitcoin as well. They do not understand this part of the equation.

Peter Schiff is one person every bitcoin user should praise for his work of evangelizing bitcoin even though he believes he's doing the opposite.
Just like OP mentioned, bad publicity is still publicity. I am certain that there are quite a lot of people who only got to know about Bitcoin through Peter. I also know Humans are rather curious and love to see things for themselves. I am sure there are a few, if not many, who are now bitcoin users simply because of Peter.
I'd say we leave him to his evangelism of bitcoin and just bask in the result he's giving the crypto community

All publicity is good publicity.
If Peter was at least right, but he's making a fool of himself. He said Bitcoin is worthless and it pumped 50%. He told people not to buy it and by doing it he denied them huge profits.
His followers aren't dumb and they see the market is proving him wrong. Also, they constantly see him say bitcoin this bitcoin that, so bitcoin must be an important part of his life. ::)

From what have heard about this guy he's quite obsessed with bitcoin, and he has dedicated his time to say bad stuffs about bitcoin , always telling his followers bad reasons not to invest in bitcoin, i also heard he warned his son not to invest in bitcoin, but his son disobeyed and still went ahead to invest more in bitcoin  :D, to show that even his own son doesn't take him serious at all, honestly speaking the market doesn't care what is Peter schiff opinion about bitcoin, no one controls the market,so we can only thank him for keeping the bitcoin BTC tag trending :D.

just a businessmen and getting payed for his opinion they all are just well payed shills nothing else.

we are on the stage when rich will get the assets and money on their hands now before the whole world regiem will be changed so dont be fooled now and you will cry later

Peter is just a figure that influence the masses to gain attraction for bitcoin, is he helping? I guess so, but it isn't a direct and we will not know if he really does coz we can't see it aside from the price of bitcoin getting pump, but if you think the price of bitcoin from early years is pumping without his opinion being read by crypto enthusiasts. I also even think that Craig is doing it better, imagine his mouth blabbing everything about crypto and gets people think that it is getting stronger each time he opens his mouth.

To be honest this is the first time I have known his name even I'm always using a social media. Everyone can express their opinion about bitcoin so let him be. Without others shilling post about crypto imo bitcoin pump and gains massive adoptions. So when he makes noise about bitcoin it could entice people to be involved and can gains interest to what bitcoin can offer to people.

Good old Streisand effect.

I can't believe he's being this stupid as his audience is the most natural possible fit for Bitcoin. Once they get past their lump of metal feelings they will discover it does many of the same things and some of them better.

Every gripe of his has them checking the price, and it's history, and wondering why their paperweight isn't doing the same. If he was truly committed to his cause he wouldn't mention BTC - ever.

Doubt it. Any influence that Schiff has over BTC would have been priced in a long time ago anyway. Him maintaining his past stance on BTC as some sort of con job has become what the market is expecting on a daily basis.

Most precious metals stackers are already aware of bitcoin anyway to the best of my knowledge, and there is a great proportion of that community that is open to the idea of BTC.

Schiff has a history of gold bugging and hyping up PMs for absolutely no reason, advising people to buy regardless of market cycles or conditions. Pretty much everyone knows his personal interest in SchiffGold and the lucrative spreads and commissions he earns from sales anyhow. It's best to ignore this guy, he doesn't have a lot of influence either way and is as hypocritical as ever.

An individual's influence is limited, he doesn't have too much influence on the market even though he has an appeal to the community. On his offensive views, many people will find bitcoin more interesting.

Many more will express their opinion about bitcoin, especially for people who don't like bitcoin. They will say bad about bitcoin, but on another side, many people still believe pump and waiting for the mass adoption that is still going on. We don't have to listen to people who say bad about bitcoin because we believe that bitcoin will reach more people out there because they will see that bitcoin can help them make money.

Wait what ? I tried reading the tweet twice but it seems it's just mumble jumble of what is said initially and at the end?
If bitcoin is not getting driven by direct investment then they are getting pushed further with gambling, casinos, lotteries.

That's the same thing man? Either way the money is getting invested into bitcoin which is the only important aspect here. Whales are surely not stupid enough to dump the bitcoin load because they are investors first and then whales.

If money is getting invested in gambling to lotteries then beat this - "it's whales only". Lolz. We all are just tiny fish grabbing piece of the same.

Indeed. There will always be people who will express their opinion about bitcoin and other cryptocurrencies, whether good or bad. Still, some new people will engage and invest their money in cryptocurrencies; that is why it doesn't matter who will shill post about crypto because bitcoin will continue to increase its price long term due to mass adoption.

These old people do not help us, but not really hurt us as much as they want to neither. If it was up to him he would probably send us all to 1 cent per bitcoin, given the right of course, which is the proof that decentralized economy is very important because if bitcoin was something based on USA government for example and USA government exchange hands and some person who hates bitcoins became president and appointed someone who shares his hatred of bitcoin to related place? They would have run it down to hell.

Thankfully these old dinosaurs will be gone eventually and only the people who had bitcoin in all of their lives will stay, everyone who was born after 2009 will be alive by around 2100 anyway, so to say that bitcoin will be a very standard currency by that year wouldn't be shocking. Hold it for your kids and their kids.

I believe that all these statements and predictions should be treated with caution, since everyone was silent on the eve of the halving, but they began to predict a lot after it and right now, when a real bull run is celebrated on the cryptocurrency market.

A normal person who don't has good knowledge about cryptocurrency will just become curious in cryptocurrency upon reading the tweet of Peter Schiff. Well, Twitter is for personal feelings, he can do whatever he want to do or say what he wants to express, there are so many things talking things positively and negatively in bitcoin, a person who are not really interested in bitcoin wills say something bad with it, we should expect things like that and understand them.

He is helping in some way, good or bad publicity is still publicity, it will not have a bad effect on the market he will just fall into the group who keeps spreading FUDS and bad publicity to Bitcoin but all of them have and will create awareness to Bitcoin and Bitcoin will still go to the moon their resistance is useless.

Something tells me Peter schiff was actually paid to shill gold on twitter :D, LOL, I bet his so upset seeing bitcoin breaking its all time high record in a year where everything except crypto seems to be down, wonder whats his problem with bitcoin, why is he so negative about it all the time, anyway the only thing we can thank him for is keeping the bitcoin tag trending, and I don't think his the one helping bitcoin to pump, he's  just one man who say bad stuffs about btcBTC , bitcoin is a global currency and its bigger than just one man.

True, sometimes publications like this can even make people more interested in something. for example not all viewers understand about bitcoin and when he writes down the points, people will try to find out more about what they are writing and will end up trying it. so it doesn't matter, the more the better. bitcoin also has a high userbase, so that's fine

He just wants to take advantage of the current beneficial situation to be as famous as bitcoin. So he became famous. Maybe he’s aiming like that.
Many people want to hitchhike popularly. And it looks like he’s quite successful with his actions.
The proof is that he’s been talking to other people, and you’re talking about it this time, too. Regardless of that, he is probably the one who ever made a loss from investing in bitcoin, maybe he mispredicted, so most of his money was lost in bitcoin investments. But perhaps my opinion is also incorrect. He’s the only one who knows what the purpose of his behavior is. We can’t ban it, because people are free to express their opinions.

Peter Schiff is somewhat of a hack. His schtick is the "imminent collapse" of the dollar, which he's been on about for decades now.  It's how he makes his own money, selling investment advice to investors who buy into that sort of thing. The reason he's anti-bitcoin is because if people believe bitcoin is a legitimate store of value against this risk he's been hyping for years, then they don't need his investment advice and his assets under management goes down. I used to be a fan of Schiff, but how constantly wrong he was has turned be against him and I don't take him seriously anymore. I wouldn't take him seriously if he was hyping bitcoin either the same McAfee's opinions are worthless.

I hate it when both sides talk this big and I have said this before as well. Whenever people talk about how bitcoin will replace fiat or gold or whatever I see those people as idiots, no doubt about it, no arguments, they are just idiots or they are just liars who would like to make a point by saying grand sentences to get attention because attention whoring is the only way they could stay relevant.

I hate it the same when people talk about how bitcoin will go down to zero and nobody will ever use it and it will crash and burn and bla bla bla, those are equally wrong and equally idiotic people as well no doubt about it. What we could potentially have here is the fact that bitcoin could be a strong alternative to everything else, not just fiat, not just gold, but everything, and stay as a very powerful alternative.

The parody of his tweets is that he is always tweeting about BTCitcoin even though it is negative and in the tweet you posted he is complaining about CNBC giving excessive coverage about BTCitcoin  :D.  The only thing you can see is that when there is a major correction in BTCitcoin people like Peter Schiff will shit over the market and will say i said so it is just a tulip pump ;D. 

I liked some of his old predictions about the economic collapse and it had substance and there might be some truth about BTCitcoin and its valuation as you cannot expect the price to always go higher and you need a major correction once in a while and that is how the market sustains.

There will be an effect for someone who has popularity and say something about the project in this case is bitcoin. Moreover in this situation where almost economic in all country face a bad problem. Someone should find another place especially investment place to still get a money and so far bitcoin has done it.

We have been feeling what has been done by bitcoin so far, although in this situation where many people get dismissed from their work we are still calm because we have bitcoin to gain money. Like myself, I still comfortable to face this situation, I have no worry although I got dismissed. Yeah, I think there will be many people who will buy bitcoin because him and it has given a good effect for bitcoin price movement.

People do not have that much power over bitcoin as we assume, at least I hope they do not. Peter Schiff could say or not say anything they want about bitcoin and it shouldn't really hurt or help bitcoin in anyway, since it is decentralized, that means the power people have over bitcoin should not exist, it should only be equally distributed to every single person. They should have same power over the price as I do or you do.

When people do end up with money in your pockets which makes you get heard more, that is the same injustice we had in the fiat world as well, what would be next? CZ coming out and changing something about how crypto world works? Just because he is a big name in bitcoin world? We should never give man power, because they will always abuse it. Ignore peter and move on.

I used to enjoy reading Peter Schiff's statements (also on other economic topics) in the past. Today I only see him as a troll, at least when it comes to Bitcoin. I don't think he wants to admit he's been wrong for years in terms of Bitcoin and that's why he keeps making new claims.

I find his tweets about Bitcoin hilarious. Like an old dog, hating the new time.

I don't think he's moving the market at all, but at least I guess he's getting a sale or two of his 'Cash' books.

I don't think Peter schiff can influence the market hugely, let's just say only a small fraction of people see those tweets, the market is bigger than just one man, the only tweet that made bitcoin pump hugely this year was the tweet where PayPal stated that the have started accepting crypto deposits, those kinds of tweets have what it takes to cause massive wave in the market cause they are positive about crypto, unlike Peter's tweets that his just busy bashing bitcoin up and down, I guess his just salty seeing bitcoin hit its ATH and still doing well, unlike the gold he's promoting that keeps dumping.

People invariably have the power to sway other people, which is why you have so many people on both sides screaming about bitcoin going to the moon or going to zero. Both sides are motivated by economic interests, the people on one side are hoping to get rich off bitcoin while the other side is hoping for it not to disrupt traditional models that would impact their livelihoods.

As long as you invoke the curiosity of any subject it's a form of publicity, there's a saying good and bad and publicity is still publicity and those who read about the subject in this case Bitcoin is the subject, will do research and they will find how good Bitcoin is on the technology and investment side, you cannot put a good project or technology down, it will generate support even coming from bad publicity.

Kevin O'leary talked about getting into crypto in 2013, then talked about how it was all a bad investment, and now bought some bitcoin himself. Do not really be worried about what these big financial heads say, because one thing they say today could be something they disagree with tomorrow and they could switch back and forth forever.

Moreover, we are talking about a world where we are not really making a huge profit if we only listen to certain people. We have to realize that these people are not talking based on facts or any data, they are talking about it from the perspective that makes them the most profit, they will never agree to say anything that will lose them money. Hence I doubt anyone should care about them nor should the price be affected by them.

There are some "names" in investment world that does have a value in their own places but people unfortunately assume they would have any impact in crypto as well.

The biggest and best investor we know in current world is Warren Buffet and even that dude said bad things about crypto that didn't change anything, if people do not care about Warren himself the oracle from omaha, that means we are not going to change anything because of peter or kevin or anyone else. This is a community that cares about our own people a lot more.

Charlie Lee selling his litecoins would make litecoin go down, vitalik coming out and saying they postponed 2.0 another year would drop the price, those type of names do change a lot of things for us but not the people from regular wall street world.

I agree. For things of questionable quality bad publicity can be harmful, but something like Bitcoin can only benefit from any publicity.

In the beginning of the Internet some ministers of various religions were calling it "Devil's web" and things like that. Today all of them are using it. I bet in 10 years Peter Schiff will be using BTC himself.

There will be some of them who will be afraid to buy because of the things he has been saying, and there will also be some of them that are curious and would like to try it out. It’s just like among my friends, when I talk about Bitcoin  there are some of them who would be saying bad about it, saying things like – Bitcoin is volatile and all that, but after they have watched it for years now and seen how it has been growing they are now curious and now they want to be part of it.

This will be the same thing with his fans, most of them would have possibly all the bad that has been said about Bitcoin and how it has still succeeded and going strong, and they will now be developing interest.

His tweets are hilarious! And some people are making jokes about him and his tweets all the time, there's even some account with similar username... I can't say I follow this man, but sometimes I throw a look on what he writes and comments under, it was funny in the beginning, now I just think that man is making a fool of himself in that years... I doubt he can move anything more than a chair, and with his attitude I wouldn't trust him even with that!
Too much attention if about this guy, that's for sure!

I don't think that Peter is the cryptocurrency influencer...
I see Peter has very few followers when compared to other crypto influencers, so it is very difficult to have a big impact on the bullish price of Bitcoin. *IMO, bitcoin pump because it's time to pump

It's like you're unfamiliar with the concept that people can change their minds or that ideas evolve over time as more information becomes known.  2013 was ages ago in the crypto space.  Bitcoin could be both a bad investment at the time when looking at everything as a whole and a good investment now.  Just because you make money on something doesn't mean it was a good investment, it just means you lucked out.  You can bet your house on black on the roulette table in Vegas and win, that doesn't mean it was a good investment.  It just means you got lucky.

Peter is obviously seeking for public attention. He believes that if he keeps posting negativity about bitcoin, his followers might also emphatize on him but it turns out that bitcoin is even gaining more positive price increase despite of his tweets. Probably his followers are already making a deep research about bitcoin and it turned out that they like bitcoin now than hating it.

There have been so many tweets like that since the existence of bitcoin but I don't think the people tweeting is helping the bitcoin pump at all, pundits' tweets are just tweets that don't mean anything

I agree! Peter is not the only influencer in cryptocurrency, there are so many out there with more followers than him. Also bitcoin pump because of the demand which is consist of different personality and individual that adopt bitcoin.

Compared to the total number of Bitcoin transactions, the number of Bitcoin used for betting is relatively small, although Bitcoin for betting was also one of Satoshi's original intentions. At the moment, the largest number of Bitcoins is probably used purely for speculation.

I think Peter is sending a message to those who invest in gold minimizing the potential of bitcoin and of course both tweets have no impact on this bull run.
He knows that Bitcoin is advancing by gaining more investors and the giant PayPal will attract more companies to trust Bitcoin.
We are at a peak moment that favors us as a community. Bitcoin will be fulfilling the objective that we want a more efficient digital economy.

A large portion of individuals spend their bitcoin in betting and I feel that is the way bitcoin is enduring. Individuals used to wager in gambling site than putting away it for long haul investment. Peter's assertion can not assist bitcoin to rise more. One individual can not lead the cost to the moon. All we require enormous speculator and daring person. After the appropriation of bitcoin in the PayPal community, I see a lot of variance in the market.

No body Don't need btc pump...
They can Mint USDT and pump as long as fed printing more money also.
There no need fomo If you have USDT.

I am interested in the advice of Peter Schiff, for us this information has often been heard and even so the evidence is that people are still coming to buy bitcoin ranging from Paypal, Guggenheim Partners to Wall Street companies which are listed as having invested US $ 530 million in Bitcoin. so I think he's one of the commentators who are enlivening the crypto market.

Manipulation would be always there if that thing do happen but doesn't mean that it will completely crush the entire market because as long theres demand then it will eventually or surely recovered after that. When it comes to bitcoin pump then it all matters with the demand and same as as said it doesn't need any reason nor needed something.
Common issues is there always and not surprising but due to decentralized type of market then those will be somewhat useless.

We have lots of known personalities of this market which are mostly institutional investors on the other side but they are now considering bitcoin
but they aren't really making some sure impact towards it.

I would not say so categorically, because the market is greedy for information occasions and well-known personalities can have a short-term effect on the market, not without reason many advertising campaigns are based on the participation of famous personalities and attracting attention to the product due to this, but if this is not supported by fundamental reasons, then the market will still take its course and will still return to the usual balance of supply and demand.