Bitcoin Forum

An interesting but short read

https://www.youtube.com/watch?v=YguVue0lgxM

That is Peter Sheriff, a bitcoin critic. I am not interested.

No that's not interesting to me. Many people are trying to take advantage of Bitcoin popularity to chase cheap publicity that's a cowardly act.
As a Crypto-currency enthusiasts you should be able to make decisions by yourself after you must have done your research and also be accountable for your decisions you don't need anyone telling what to do.

If the above users are not interested in going through the video then i myself should not be willing to do same. I don't think it will be needful neither interesting to watch since it is contrarily to what and my reasons of being in here. Bitcoin critic? i don't want those bad flows, i need to hear well befitted stories to motivate me and not try to put me below standards.

Sorry, but I'm not spending a second watching another Peter Schiff.

There's, however, one thing that I give it to him. All of these terrible arguments he's presented throughout the years have actually created him a whole business. Peter Schiff has built an entire name around the Bitcoin space. He's made fortune from all the goldbugs he's attracted since 2010.

A lot of bitcoiners see him as a fool, but he's actually one big, smart actor doing his smart business.

Just as expected, all his preachings are just against Bitcoin and criticising it, saying how Bitcoin can't help pay the trillions of dollars of debt that the US government owes. It's nothing far from what we expect from him. But the interesting part of the whole thing is the comment section.

It's clear that he's a good financial expert, but when it comes to bitcoin, he gets it all wrong. There's a statement in the comment section that says, "If he had bought bitcoin just 5 years ago when the price was still below $10000, by now the profit would have given him enough money to buy as much metal as he wants and stock. Now is a digital era. The world has far grown past the age where only gold and silver were regarded as the ultimate.

I watched nearly all of the 20 mins video, i think i actually stopped at 15 minutes, because up until that point he hadn't made any valuable point i could pick out as a reason not to buy BTC. He just kept going round in circles about what Jerome Powell said about BTC and how he thinks he's wrong, bla bla bla. It is actually fun watching people like Schiff try so hard to be negative about BTC, but struggle at valid reasons to push their agenda.

It's from Peter Sheriff What else do you expect from an attention seeking human with extremely low IQ

He is one of the most ignorant humans to walk the face of the earth
It's so funny because a lot of people who actually cristised Bitcoin back in the day came back to admit they were wrong, but he still keeps being ignorant and dumb

At this point, I believe he's just doing because of the attention je gets from Bitcoiners

Why should I care about his opinion about Bitcoin? Tbh, my life changed the day I learnt about Bitcoin from this forum and decided to take part in it. I'm no going to let someone like Peter Schiff tell me about his own biased opinion about Bitcoin and take it to heart.


He is doing so out of the expense of people that are gullible enough to follow his advices and biases. It's definitely not going to be me because I know Bitcoin and I know better.

It's an interesting niche and everyone has to find theirs and do right by themselves.

He is not the only one doing this and maybe in real life he might not even be a Bitcoin hater all that much as he tend to use it to build a name and a business for himself of which he has done well and like you said enjoying the benefits of his business. But on a general note, if one really knows Bitcoin then any talks or shenanigans shouldn't have to change your view towards Bitcoin.

Of course, he is a strong advocate of silver and gold, so he will never promote bitcoin no matter what. And if you listen to his video, you will never hear but only negative critics for bitcoin, so I won’t be interested in him as well. Bitcoin is the future, let’s just accept it. Bitcoin will be here for good, regardless of its high volatility. There’s no reason not to buy bitcoin, unless if you don’t have sufficient funds or you can’t afford taking risk such volatile investments.

I understand the fact that he's indeed a strong advocate for silver and gold
If he's not going to promote Bitcoin, then he shouldn't talk down on it
Just let it be
But he keeps saying negative things about bitcoin, and it gets to my nerve every time
Well I will take it that he sees bitcoin as a competition for gold and thats why he keeps up with these nonsense

can't you give a summary of what he is talking about here? I am not spending 20 minutes of my time watching and listening to Peter Schiff and AI's voice. since you seem to be a fan of the guy I'm sure you've watched the video so you can give us the summary.

anyway, the guy is a gold shill so I don't expect him to support or say anything good about bitcoin.

Schiff has been dismissing bitcoin since 2011 when it was trading at less than $20. Schiff is an idiot and if you listened to him you are a fool.

In 2011 gold was trading at $1900. Today the price of gold is around $2600 so it barely moved in 14 years, while bitcoin has gone up nearly 6,000%.
Compared to bitcoin, or even the S&P 500 gold is a joke. Only idiots invest in gold. Gold doesn't even keep up with inflation. Even a certificate of deposit does better than gold.

If Schiff ever learns how to use a calculator, he would realize what a total baffoon he is. I'm not holding my breath.

That's Peter Schiff, one of the tops in terms of criticizing Bitcoin. You are in a Bitcoin forum so what do you expect from us?
Do you expect that we will watch the whole video? If you're following an idiot like him, now's the time to switch sides.

Just imagine this, you bought $1000 worth of Gold and Bitcoin in 2022 when the market is down. Which of the 2 will give you more profit? It's Bitcoin, but since you're following what Schiff is saying, you missed the opportunity to earn more. :D He's been criticizing Bitcoin for years and still criticizing it on his X account until now. Nothing new, but I hope he realizes that nobody's following him and what he's saying.

Speaking of criticism, here's another person that's criticizing Bitcoin as well. He's saying that he knows how the creator is and when he comes out, he says that BITCOIN WILL GO TO ZERO. His name is Dan Pena.
https://www.youtube.com/shorts/Gyoe8LxSyMI

Even 20 seconds is too long to listen to a baffoon babbling nonsense. By the end your IQ will drop by 20 points.

I don't know if he understands that he can be so into gold without criticizing BTC to push some of his wrong points, many bitcoiners even recommend that people diversify their funds into gold. In the video he was mad that the fed chairman called BTC digital gold, which is funny if you think about it, Peter Schiff can try all he wants to push his hatred for BTC to others, but i am sure anyone with even half of a brain would not take what he says about BTC seriously.

Why would I be interested in someone who is negative about bitcoin, it's better to focus on the communities that believe in bitcoin than on things like that.
Then, after all, buying bitcoin is a kind of choice, whether you want it or not, there's no compulsion here.

Then, when it comes to short-videos, it shouldn't be longer than 1 minute, that's all, but it's probably longer than 20 minutes if I'm not mistaken from what I saw.

I have nothing against critics
They are quite needed but atleast have substantial fact and don't be a stubborn..... Not going to curse.
Peter stated Bitcoin would never get to $100K and look at us now
I doubt if he even follows what he's saying
I won't be surprised if he got some Bitcoin lying around.
I sympathize with anybody that would listen to his biased view on Bitcoin.

He seeks attention nothing else. Ignore him!

I doubt every Bitcoin critic who has ever said anything negative about Bitcoin never bought Bitcoin. It somehow feels that they do this only so that they can get more Bitcoin for a cheaper price and then benefit from it. I mean, how can someone be so stupid as not to understand that an asset has huge potential? Even if you don't love the technology itself, which you should, you can at least think about the potential profits you can generate using the asset, which alone is enough for you to like it, somehow.

Look at Michael Saylor and MicroStrategy; they understood the potential Bitcoin has very early, and they have greatly benefited from it since then. Many other companies and businessmen did the same. For some reason, some people can't do things straight. They can't show support openly and would start behaving like they have a negative perspective, but for some reason, it feels that they are lying and only trying to deceive the public with their words, and their actions in the back must be different than what they publicly say.

Never knew him before, but he looks exactly like how I imagine an older generation who would be a naysayer to Bitcoin.
Then I do some googling a little bit, and I found this.

Does Peter Schiff Regrets Not Buying Bitcoin? (https://www.youtube.com/watch?v=LGbRT9xtY4w)

This is kinda ironically funny, but also some kind of an anime character development at the same time.
What do you guys think?

Peter Schiff Booo!

He has been saying the same old crap since bitcoin was 5 digits. Any time bitcoin makes another ATH this dude loses more of what's left of his mind. I'm afraid we'll lose him completely before btc makes it a million usd. He doesn't like bitcoin and he is not going to buy any. We already got that. I don't understand why he is keep hating it on twitter and youtube. Whenever he opens up his mouth he can't stop talking shit about bitcoin. Maybe that's his way of attracting views. In the end this guy is getting paid by his adgivers on youtube. The more hits he attracts the more views his ads will receive and he will make more money. I think we should ignore him.

I don't watch, listen to, or read people who are against Bitcoin mainly because I know they are going to say things that I don't agree with and I'm pretty confident that they can't change my mind about anything related to Bitcoin and cryptocurrencies in general. So, if I watch such videos or read articles and stuff about people talking negatively about Bitcoin and other cryptocurrencies, I will merely be wasting my time and nothing else.

This is the reason why I have learned to ignore such things, and I would suggest everyone do the same. If they are doing what they are preaching then they are wrong and have been wrong, but we don't even know if they are doing it themselves or just advising us and making us go in the wrong path while they are hoarding the assets themselves.

Believe anything from Peter schiff at your own peril, atleast at this stage, I grown past when I need someone to tell me what to do with Bitcoin, I buy and I sell bitcoin at my very own discretion, and it's been profitable, I have bitcoin I set aside as an investment and I am happy with its growth, only crypto newbies or intending crypto newbies will come across/watch videos like this and fret.

Peter schiff is a known bitcoin hater who is doing all he can to stay relevant on the industry, know that this is his only shot and being famous, so his hate for bitcoin is for his personal gain..
He knows that alot of people already love bitcoin and if he preaches love for it as well, he will just be one of the many, so to set himself aside from the rest and try to be unique, he choose the other side, which is to preach against bitcoin, as like I said before, he believe this is his only shot at being famous and staying relevant in the industry, pay him no attention or you will be missing a life long opportunity.

I intend opening the link to see what it's all about but when I saw the name Peter Schiff I had to retrace my steps cause I know it would be filled with thrash, one thing I've figured out about Bitcoin criticis is that majority of the are secret Bitcoin lover and stack the coin aggressively but would have to switch sides due to one reason which is fame, I figured out that Bitcoin critics who come out on the media to claim their distrust for Bitcoin are mostly famous and that's their goal.

 So I don't listen to their thrash talks and bullshits they go all say on the media, Peter Schiff is full of shit, he can do whatever he likes to get famous but the world have moved past those days when many people see Bitcoin as a financial threat or scam, people are beginning to see it's potential and are vastly embracing it, so I careless about him and I believe people who are open to the opportunity that comes with Bitcoin would do same too.

Only dumb people will listen to Peter Schiff and take his advice which means they are little kids that don't know what they want for themselves. Someone just come on the internet, because he is a bitcoin hater to criticize bitcoin and you listen to him without making your research. It means anyone can mislead you to your grave easily and you wouldn't think twice. We are not the same and my likes are differ from yours. Just ignore everything Peter Schiff is saying.

There may be one reason not to buy BTC, but many, many more of them will buy it instead.
 8)

Never saw him around too, but he should be ignored in my book, that would be it.
I listened to 5 minutes of him and didn't want more of that.

Maybe that's it. Or he just really hates the idea of BTC being prosperous.
It's his loss either way.

Do you think there is room for Peter and the likes of him? I don't think so. Everybody who has been out there in the crypto space knows what people like him say.
Those people don't crave knowledge - only an object or group to hate. So it's better to keep pushing forward and forget about them.

Peter Sheriff is not someone anybody who cares about Bitcoin should listen to. He proclaimed openly that Bitcoin will never get to $100k and he failed.

There are so many of his utterances about Bitcoin that outrightly wrong. Even his son doesn't listen to him , I don't think anyone else should even have him on their program.

This man Peter Sheriff would secretly have some Bitcoin but the shame and embarrassment to admit it won't allow him because of his followers.

I will cut you short - you didn't lose anything  ;D
Another man who puts gold over the digital era.
No amount of such people should affect what you or I think about BTC.

Do you believe that guy? Look what happen to people still doubt about bitcoin, they had been left behind. But look at those institutions and particularly the country who adapt bitcoin. They are reaping good profits for what Bitcoin has reached by now.

Its your choice if you follow the opinion of those critics since its expected that he or they doesn't have anything positive to say about bitcoin.

Also no one really cares about his opinion here.

Most times he might knew what he is doing but just want to be overly popular through bitcoin by speaking against it.
Though I believed that it's a big slapped to him for putting up this big messed on his face, now he is seeing the rate at which price is soaring.
Who ever knows if he is holding bitcoin and decides to deceived others?

Heard the same thing about Buffett - can't deny or prove it, just like everybody else.
But I would be happy for him to be into BTC for real, but only to himself.

It would be a shameful thing for them to come openly to say they are holding some portion of bitcoin in their portfolio knowing too well that they deceived lot of people from not venturing into bitcoin investment at the right time, due to their lack of knowledge or not having foresight on what bitcoin would become in the nearest future. Today we are celebrating bitcoin at $100k+, do you think if they knew the future would be like do could make such post to deceived people from not investing into bitcoin at the early stage?

In the early stage - he wouldn't do such a post because BTC was not that known at that time.
If it weren't for BTC - another coin would take its place.
The worst thing is that if he really believes in what he thinks because, of course, by our knowledge and standards - he is wrong, yet we wouldn't want to prove anything to him due to how stubborn he is.

We are all newbies at one point in life, my friend. Calling new-learners dumb for haven't gotten exposed to Information about Bitcoin is quite harsh, isn't it? Not all people are surrounded by good environment and friends who trust in Bitcoin. Those so called critics often trying to prevent these newbies to not buy Bitcoin by indoctrinating them somehow. Imagine someone who are new in Bitcoin, they are considering to buy Bitcoin but unintentionally found a guy like Peter Schiff talk bad about Bitcoin on television, this might alter their own decision.

Agreed. And then we have Warren Buffet, one of the richest billionaires that has always been anti-crypto.

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

Did you just call that interesting, maybe you are yet to discover that we have two categories of people, the first one are the types that will be in support of bitcoin and always find means of encouraging others to benefit from the same opportunity they are enjoying from it, while the second one are the critics, they can only publish fake ideas and motions about bitcoin just to discourage others from adoption, that is why its important that we should not believe on everything e see online.

Honestly, I'm not interested in watching that very long video because I already know what he wants to talk about, he keeps hating bitcoin and even badmouthing bitcoin because he is a gold trader. So watching what he talks about will be a waste of time, if you look at his history, he often badmouths bitcoin, meaning there is no point in watching him talk.

If I'm not mistaken, he also focuses on social media, even in the social media thread he created, he called bitcoin a national security threat because of its frequent misuse to bribe the government. He also even added that bitcoin is a form of waste of money. But I think he talks like that or keeps making aggressive statements like that just to seek sensation from the development of bitcoin. because in fact the price of bitcoin and the adoption of Bitcoin have contradicted his own statement. But whatever it is, just consider his statement as a laughing stock for us. :D

The best thing that happened to bitcoin is the decentralization and as such people are not that obsessed. People can promote bitcoin and as well as promote gold and other assets. In fact if you read the Bitcoin white paper, it is recommended to only invest what you can be able to lose. And that is an advice of diversification of portfolio and the investment. Put some part in Bitcoin, another ratio of your words can go to gold, real estate and more. So it doesn't make sense to see an obvious bitcoin antagonist and give him the attention he desire.
To me, I had thought that all bitcoin critics would be muted this time around that bitcoin had eventually made 100,000 but it seems that they are all unrepentant and they will keep pushing in vain

He also called a 20 minute long video "short" and wrote bitcoin as "BitCoin" which alone should tell you a lot about the kind of person you're dealing with ;)

Schiff is just sad, but his strategy is good. Talking shit about bitcoin put him in the news more than once, so why should he stop? It's good for business.
I honestly see no reasons not to buy bitcoin. If I had to think of one, you shouldn't buy it if you're poor and running out of money. Don't buy bitcoin with your last money, or when you have important expenses like debts to pay.

Peter Schiff Knows exactly what he's doing; he knows where Bitcoin is going, and he sees it as a threat to his business and wealth. He just doesn't want to admit to the fact that we have a season for everything. He should be lucky that everything has its place and Bitcoin is just doing Bitcoin. 
 
One of his angers is from how Bitcoin, which is not backed up by anything, can attain such heights. It's crazy to him, and as an economist, he doesn't believe in such theories. A long time ago, Bitcoin should have been dead, but seeing the currency still this active annoys him a lot.

Peter totally knows he's wrong regarding BTC, but can't publicly back down now, having had such a consistently negative outlook on BTC for soooo long. A man with such extensive market knowledge and experience can't have watched the BTC market trend over the last decade, and not invested, (or at least hedged a bit,) into the fastest appreciating asset of all time, surely? It's likely he's been stacking sats for years, but will never admit it. Either that, or he's really not as bright as he makes out...

There are still many individuals who are reluctant to bring positive ideas about Bitcoin. They see that Bitcoin is gradually getting higher and higher. Some well-known individuals may feel shy to take it positively in public because they show themselves against Bitcoin, but the fact is that there are many individuals who show themselves as Bitcoin opponents in front of the public, but behind the scenes they are Bitcoin enthusiasts. Therefore, if you ignore those who make negative thoughts about Bitcoin and hold Bitcoin positively, then those investors will definitely be profitable in the long run. It is better to continue to save Bitcoin on a regular basis.

I guess his mind reset to factory settings after the USA presidential election.

Many economic aspects were analysed by him seems correct such aspects like lets free from big government, high taxes, minimum wages, most social services and a useless bureaucracy but when it comes to his every bitcoin arguments he has wrong perception, what moreso bothers or has been hated by bitcoin community is being spoken about bitcoin as a doomsday since forever, and i don't think (or more exception i do have on) all the rich man will turn orange within certainty time frame.

That's the greatest analogy so far  ;D

Investors invest in Bitcoin for all but one of two reasons. Nothing is self-sufficient you will have to take some risk. If an investor does not take this risk for investment then how can he expect to make a profit. Of course, risk has to be taken only then there will be a possibility of profit later but if money can be saved without taking risk then that money will never increase.

My time is too valuable to watch videos like this.
He has previously called Bitcoin a "national security threat," Schiff's history is not free from criticism that continues to be leveled at Bitcoin, even though he continues to issue aggressive statements against Bitcoin, in fact the price and adoption of Bitcoin have defied his predictions. All Bitcoin supporters and investors are of course very entertained by his behavior because what he said does not correspond to the current facts.