Peter Schiff on Bitcoin

[rpietila]

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%

So... not 95%? Damn... Maybe I'm being too risky. Then again, I do like to live dangerously vicariously 

If I had a small portfolio, I would invest 50% in bitcoin, 50% in monero.

[claimore]

When will Monero explode?

[rpietila]

When will Monero explode?

I'd say less than a month. It's already up 20% per 7 days. But let's keep this thread clean

[EnfoncerQ2]

Im debating if I want to put 50% of my BTC in Monero right now 

[scryptasicminer]

Im debating if I want to put 50% of my BTC in Monero right now 

If you know what you are doing and have an exit strategy, you can do whatever you want.

Remember not to gamble on what you can not afford to lose.

[joae1975]

Peter talking bitcoin on his new podcast:

http://youtu.be/lMfoFlJhcck?t=1h5m45s

[Erdogan]

I like the guy, but I have to admit, he is slow.

[Singlebyte]

Lol...he says he doubt's it will be back over $400, yet today it is $443!

[101111]

Peter talking bitcoin on his new podcast:

http://youtu.be/lMfoFlJhcck?t=1h5m45s

just listened to it......

schiff is basically saying bitcoin is useless, and is gloating that bitcoin is dying and saying that he was right.

peter schiff is the biggest retard out there.

Thanks, I might have listened to that, you saved my time

[cbeast]

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%

So... not 95%? Damn... Maybe I'm being too risky. Then again, I do like to live dangerously vicariously 

If I had a small portfolio, I would invest 50% in bitcoin, 50% in monero.

Monero isn't worth 1% of my small portfolio.

[101111]

I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?

[joae1975]

I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?

Gold doesn't pay dividends.  It returns 0%.  Gold protects against inflation, plain and simple.

[Rassah]

I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?

Gold doesn't pay dividends.  It returns 0%.  Gold protects against inflation, plain and simple.

Returning 0% as compared to an inflationary currency doesn't protect against inflation. It goes right along with it. It protects against sudden hyperinflation maybe.

[101111]

It was the inflation adjusted 'gain' if you like, obviously not what had been returned in dividends or it would have been zero. Or less than zero if you factor in buying/selling/storing/etc.

[coinits]

A lot of these precious metals hoarders can not see the potential of a virtual asset. It is not in their blood. He is a very intelligent man but his family was screwed over by the Banksters so he does not trust anything that is not physical.

Denniger is the one I don't get. He thinks that digital coinage and precious metals are a terrible investment.

[coinits]

Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.

I think that your PM holdings are too small. With the coming unraveling of fiat and the collapse of derivatives, precious metals to the moon. And only what is in your hand do you really own!

Of course with this collapse it will trigger widespread death and destruction as war engulfs the planet.

Do you have a hardened shelter beneath your castle? How many BTC or ounces of gold will a room cost?

[joae1975]

Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.

I think that your PM holdings are too small. With the coming unraveling of fiat and the collapse of derivatives, precious metals to the moon. And only what is in your hand do you really own!

Of course with this collapse it will trigger widespread death and destruction as war engulfs the planet.

Do you have a hardened shelter beneath your castle? How many BTC or ounces of gold will a room cost?

LOL!
45% btc is way too much IMHO.  No NXT?  You need more financials, i.e. foreign stocks.
And did I miss something?  What's Monero?  I googled it, but don't feel like sorting through the BS.  Can someone sum it up for me?

[AirFlame]

Sept 20th, 2014
Peter talking bitcoin on his new podcast:
http://youtu.be/lMfoFlJhcck?t=1h5m45s

I hope more people "use" the BTC so this madness will make some stabilisation.

And i think he is wrong about bitcoin. He is trying to make people buy gold from him using Bitcoins ? AHAHAHAHA ? Check 1:26:20. pathetic...

[ccritser]

Peter Schiff, Just rants about bitcoin because he sees it as a threat to gold and silver ... besides there consumptive value they do provide a decent ledger for money but bitcoin has the best ledger and therefore will devalue the worth of the store of value that gold has ...

[joae1975]

Since Peter started doing his weekly podcasts he's talked about bitcoin a few times.  I sometimes forget to post it.  But on his YouTube video descriptions are links to when he talks about it.

Podcast #5 @ 30:49
http://youtu.be/nYiyQl7O6HI

Podcast #6 @ 45:00
http://youtu.be/Ob8stmxfbFg