PETER SCHIFF WAS RIGHT: Again... If Bitcoin does not go up on good news....

[HardFacts]

This double crisis of Corona Virus and Oil collapse is the PERFECT environment for BitCoin to go up, and even skyrocket if it is DIGITAL GOLD.

1.  BitCoin is LOSING value in this environment, so much for the DIGITAL GOLD false narrative...    For every person buying BitCoin as a safe haven, MORE people are selling BitCoin as things get worse.  Hence the price drop.

2.  BitCoin was pumped up as alternative to Currency, the new money...  When that false narrative of using bitcoin as money did not work, they changed the lie to DIGITAL GOLD.   Now the Digital Gold false narrative is quickly becoming evident to any rational person...  I just wonder what the next lie will be to try to sell and pump up the price of BitCoin ?

Seriously, all the false narratives and lies by bitcoin pumpers are FAR WORSE than the lies told by the Federal Reserve and government.    Of course, some people will not recognize reality until reality punches them in the face   

Hard Facts

[FinallyRegistered]

This argument is so tiresome...

[TheNewAnon135246]

On 01/01/2020 Bitcoin was worth $7,174
Today Bitcoin is currently worth $7,921

Total increase: 10.41%

On 01/01/2020 gold was worth $1,527
Today gold is worth $1,658

Total increase: 8.57%

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.

[o_e_l_e_o]

OP, why do you only show up when gold is pumping? How come when gold dumps you never show up to discuss the reasons why the price is falling? This forum is here all year round, discussing bitcoin when the price goes up, discussing bitcoin when the price goes down, and discussing bitcoin when the price goes nowhere. You only show up when gold pumps to proclaim Peter Schiff your own personal prophet (despite his ongoing consistent and categorically incorrect predictions). You are always mysteriously silent and inactive whenever gold is going sideways or down.

This kind of ridiculous confirmation bias makes both you and your arguments look pathetically childish.

[dothebeats]

Peter Schiff admirers and gold bugs only come here whenever bitcoin's prices take a beating, but are all absent whenever bitcoin is outperforming every other asset in the book. Which leads me to a conclusion that the same kind of people are afraid of actual discourse regarding the matter. When it rains or when it snows, bitcoin are either sold, bought, or kept--same as gold, same as stocks, same as any other asset you can think of. If you don't understand price movements and the dynamics of the market and would come to preach us with "Schiff was right, all of you are wrong" argument just because of one instance of bitcoin being on the low, then you might as well do it everyday even if bitcoin's price is on the rise.

[kezinaur14]

OP, why do you only show up when gold is pumping? How come when gold dumps you never show up to discuss the reasons why the price is falling? This forum is here all year round, discussing bitcoin when the price goes up, discussing bitcoin when the price goes down, and discussing bitcoin when the price goes nowhere. You only show up when gold pumps to proclaim Peter Schiff your own personal prophet (despite his ongoing consistent and categorically incorrect predictions). You are always mysteriously silent and inactive whenever gold is going sideways or down.

This kind of ridiculous confirmation bias makes both you and your arguments look pathetically childish.

I guess he believes this quickly becomes a bubble where no outside opinion is welcome. I know he's going against bitcoin intentionally but then again some people are really hard to convince when they are not giving you their full reasoning, they'll just jump to their next self explanation that they may or may not want to put on the table .

We can only show them what bitcoin is capable of and hope they some day actually try it instead of consistently and repeatedly going against it.

[Stedsm]

These bears, huh!!!
Seriously, it makes no difference to them whatever we'll speak here whether it's about BTC or its price, they will just take us as dogs who are barking in front of them. BTC never, ever showed any moves based on news factor and that's one of the facts you need to understand at first. Yes, BTC is feeling the heat too but it's not alone, many major markets are being hit by this outbreak and BTC still has the potential to recover very, very quickly due to its volatile nature as well as lesser need of capital to pump it up if compared to major commodities and stocks.

[casperBGD]

This double crisis of Corona Virus and Oil collapse is the PERFECT environment for BitCoin to go up, and even skyrocket if it is DIGITAL GOLD.

1.  BitCoin is LOSING value in this environment, so much for the DIGITAL GOLD false narrative...    For every person buying BitCoin as a safe haven, MORE people are selling BitCoin as things get worse.  Hence the price drop.

2.  BitCoin was pumped up as alternative to Currency, the new money...  When that false narrative of using bitcoin as money did not work, they changed the lie to DIGITAL GOLD.   Now the Digital Gold false narrative is quickly becoming evident to any rational person...  I just wonder what the next lie will be to try to sell and pump up the price of BitCoin ?

Seriously, all the false narratives and lies by bitcoin pumpers are FAR WORSE than the lies told by the Federal Reserve and government.    Of course, some people will not recognize reality until reality punches them in the face   

Hard Facts

do you track price of Gold as well, since it is not straightforward for Gold as well that is going just up, when you compare BTC with the price from the year start, it is up 10%, Gold is up little below 10%, so it could be said that it is the same for BTC and Gold, and why should not we think about BTC as Digital Gold...

[HardFacts]

On 01/01/2020 Bitcoin was worth $7,174
Today Bitcoin is currently worth $7,921

Total increase: 10.41%

On 01/01/2020 gold was worth $1,527
Today gold is worth $1,658

Total increase: 8.57%

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.

Most People did not become aware of any economic crisis or major problems until MID FEBRUARY 2020.   The markets were fine until then..

VERY DISHONEST and deceptive for you to start from January 1, well before the economic consequences started to be factored into markets.  But I am sure you know that, you just have no problem using deception, and are hoping that people do not notice....   I am way smarter than the average fool  🙉🙉🙉🙉 and I will call out BS every time

Hard Facts

[hosseinimr93]

Most People did not become aware of any economic crisis or major problems until MID FEBRUARY 2020.   The markets were fine until then..

So you believe that the recent fall in bitcoin price was due to a global economic crisis?
I don't think so. It was not the first time bitcoin price decreased that much just in a day. That has happened several times. It was just a coincidence that it happened during the stock market fall.

[20kevin20]

So you believe that the recent fall in bitcoin price was due to a global economic crisis?
I don't think so. It was not the first time bitcoin price decreased that much just in a day. That has happened several times. It was just a coincidence that it happened during the stock market fall.

Everything that's happened in the past weeks/months led to the fall of BTC's price. But not for too long, imo. The prices will recover when those in need of quick cash will get their money out. After that, the markets will be left in our hands, the believers and hodlers.

There's so much doubt, fear and panic everywhere around the world. This isn't a time to hope for some heavy pumps/dumps of BTC; 2011-2012-like volatility will soon most likely be a thing.

[FanatMonet]

On 01/01/2020 Bitcoin was worth $7,174
Today Bitcoin is currently worth $7,921

Total increase: 10.41%

On 01/01/2020 gold was worth $1,527
Today gold is worth $1,658

Total increase: 8.57%

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.

If he is constantly mistaken, then this can be used for his own purposes, watch what he says, and do exactly the opposite. Although a permanent hold of bitcoin and that’s also suitable here, at the moment, every new year, it is growing against the past.

[Bighero76]

Sorry but these are not indicators of whether btc would rise or fall!

[The Sceptical Chymist]

Now the Digital Gold false narrative is quickly becoming evident to any rational person...  I just wonder what the next lie will be to try to sell and pump up the price of BitCoin ?

I don't think bitcoin is being hyped by anybody except those who are passionate about it--it isn't as though we're being fed lies by the government or the corporate world to keep us buying bitcoin. 

I never thought bitcoin was necessary as a form of money, even though it certainly can function as one.  As long as fiat still works, nobody in their right mind would go out of their way to buy bitcoin just to spend it--even if they could find a merchant that accepted it. 

Peter Schiff is a nutcase, and I don't pay attention to his views on bitcoin.  He can hate it all he wants to, and bitcoin can crash to the floor--that doesn't make him correct.  I'd also point out that bitcoin isn't lower than it was at the beginning of 2019 and is still holding its value nicely.  Sure, it dipped but so did the stock market and now I guess the oil market did as well (that's not a market I generally follow).  Everything is getting slammed because of the damn coronavirus.  But that situation is going to be temporary, and all of those markets will recover.  Enough with the doom-and-gloom.

[Reatim]

I just Find it Weird why did OP showing up only when market is in falling stage but Hides when Price of Bitcoin is pumping ,and always talks about the Hatreds about this coin?just a curious question nothing more.

If he is constantly mistaken, then this can be used for his own purposes, watch what he says, and do exactly the opposite. Although a permanent hold of bitcoin and that’s also suitable here, at the moment, every new year, it is growing against the past.

perfect idea mate and yeah will try to do it because everytime i saw OP make a thread is always on the other side of what we are expecting so yeah that would be a best to act against His words.

Sorry but these are not indicators of whether btc would rise or fall!

exactly but let Him keep his track maybe this is why His here.

[pooya87]

people like Peter Schiff are referred to as butt hurts. the more bitcoin grows the more their butts are going to hurt
that is why all of their statements always looks so dumb and would either make you mad or make you laugh depending on your moods. usually they come out whenever there is a small price drop. i remember in 2017 we had a ton of drops like this (~30%) and they were behaving the same literary every time. people like OP also love these idiots so much for whatever crazy reasons that is not comprehensible by other intelligent people.

[Kuffy]

Most people don't realise that a few virtual assets can be hard assets, and Bitcoin is possibly the only virtual money ( note I didn't say currency) that has this possibility. Another virtual asset that has this attribute is a novel. It doesn't exist anywhere, but has a variety of manifestations, but ownership can be a valuable asset.

[AGD]

....
 I am way smarter than the average fool  🙉🙉🙉🙉 and I will call out BS every time

Hard Facts

If you are smart, why didn't you buy Bitcoin when the price was down? You had so many opportunities...

[mindrust]

Gold has a history of more than several thousand years.

Bitcoin is 11 years old.

Gold is being traded for $1k-$1.8k in the last 10 years. Bitcoin went from nothing to $8k and still very tiny compared to gold's market cap.

Peter Schiff is just a take no risks guy who wants an easy win. Easy wins don't pay well.

He was saying the same shit when bitcoin was $1k. He'll keep telling them when bitcoin is $100k. Ignore and move on.

Back in 2014-2016 I was too listening to these morons and it costed me lots of money.

[aundroid]

Just had to laugh when I saw the title.
So you mean Peter Schiff, the guy who has been warning people about Bitcoin for years but has no idea what the difference between a password, a pin and a seed phrase is, was right? 
https://twitter.com/PeterSchiff/status/1220135541330542592

Best to ignore him ...

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.

^ This