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Author Topic: Peter Schiff on Bitcoin  (Read 38845 times)
rpietila
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August 22, 2014, 08:47:15 AM
 #381

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  Grin

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

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August 22, 2014, 06:24:02 PM
 #382

When will Monero explode?
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August 23, 2014, 03:02:50 PM
 #383

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 Smiley

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August 23, 2014, 04:55:49 PM
 #384

Im debating if I want to put 50% of my BTC in Monero right now  Embarrassed
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August 23, 2014, 07:42:46 PM
 #385

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

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 (OP)
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September 23, 2014, 04:39:12 PM
 #386

Peter talking bitcoin on his new podcast:

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

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September 23, 2014, 05:18:16 PM
 #387

I like the guy, but I have to admit, he is slow.
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September 23, 2014, 07:20:42 PM
 #388

Lol...he says he doubt's it will be back over $400, yet today it is $443!
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September 24, 2014, 01:27:59 AM
 #389

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
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September 24, 2014, 02:29:19 AM
 #390

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  Grin

If I had a small portfolio, I would invest 50% in bitcoin, 50% in monero.
Monero isn't worth 1% of my small portfolio.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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September 25, 2014, 03:24:49 PM
 #391

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 (OP)
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September 25, 2014, 05:27:04 PM
 #392

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.

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September 25, 2014, 06:41:54 PM
 #393

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.
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September 26, 2014, 12:03:01 AM
 #394

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.
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September 28, 2014, 02:55:57 PM
 #395

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.

Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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September 28, 2014, 02:59:29 PM
 #396

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? Wink

Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
joae1975 (OP)
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September 28, 2014, 09:24:46 PM
 #397

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? Wink
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?

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September 28, 2014, 10:53:51 PM
Last edit: September 28, 2014, 11:07:49 PM by AirFlame
 #398

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...
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October 05, 2014, 01:06:48 AM
 #399

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 (OP)
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October 19, 2014, 04:05:36 PM
 #400

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

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