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

[Mulann2]

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

Lol! he knows so much about btc and yet he can't tell the different between password, pin and don't have a copy of his phrase,.... brilliant (and this is a Hard Fact ) honestly, i can't stop laughing at the tweet, what exactly does a guy who can't tell the different between password and pin knows about btc? and if he detest btc so much why did he own some at all?

@HardFacts i think you need to re-evaluate your believe in this clueless human

Gold has a history of more than several thousand years.

Bitcoin is 11 years old.

Gold is being trading 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.

totally agreed with the above, btc is very new compare to the number of years gold has been in existence, and btc has achieve quite alot within the 11 years of existence more than gold i would say, i think it is very unfair to btc when such comparison and condescending languages will always come up from people like PETER SCHIFF or misguided follower like HardFacts

[slaman29]

Remember just a bit of time before covid19, everyone was raving on and on about Iran and US, and Venezuela etc etc. Yes, I agree, eventually economies will get in trouble and then we'll all be fighting for our lives on money but this to me doesn't mean Bitcoin has an effect.

What are the hard facts really? Bitcoin losing value, but so are other things. And just because it's not digital gold doesn't make it not valuable.

[Lucius]

Maybe some members of this forum should organize fan clubs of people like Peter Schiff, Warren Buffett , Tom Lee, Roger Ver, CW Faketoshi instead of at each price drop start such topics. OP is doing this for long time, but he is not aware of some basic facts.

Compare gold with Bitcoin is the most stupid thing to say, as some others say, gold is here for thousands of years, Bitcoin is just getting started. Fact is also that very small percentage of people is know/using Bitcoin, and that it still makes it very vulnerable in terms of price stability.

The problem with trolls like OP is that they only look at present time, but they completely ignore history. From 2013 since CMC is have statistic, ROI for BTC is 5.701,01%, and 10 years change for gold is only 53%.

If we look at 10 years for BTC, 1$ invested in BTC back in 2010 at price of $0,07 is resulted with 8,900,000% ROI. People who follow Schiff still wait for his $5000 per ounce.

It’s usually hard to argue with math, especially when the numbers are so adequately provided, as they are in this report. It says that you were among the few people lucky enough to know and to believe in Bitcoin back in 2010 and you had invested the same amount, the return you would have today is, well, more than $41. Substantially more. Emphatically more. $1 invested back then would be worth more than $90,000, representing a 8,900,000% ROI in ten years.

[HardFacts]

Lol! he knows so much about btc and yet he can't tell the different between password, pin and don't have a copy of his phrase,.... brilliant (and this is a Hard Fact ) honestly, i can't stop laughing at the tweet, what exactly does a guy who can't tell the different between password and pin knows about btc? and if he detest btc so much why did he own some at all?

COMPLETE GARBAGE and DISTRACTION...

Peter Schiff does not need to know the technical aspects of using a BitCoin account to know it is a huge bubble and ponzi scheme, and that it will fall to its intrinsic value of near zero one day....   

Peter Schiff knows about money, economics and what has value.   Exactly what is needed to make good investment choices.

Hard Facts

[pixie85]

OP must be talking about some other coin. BitCoin? What's that? Some kind of a new logo registered by Craig wright?

This thread is some kind of conspiracy theory. It did not work as money so "they" changed the narrative. Who did? Those people who control the market from China?

Probably Jihan is behind it all pulling the strings. 

Gold is taking a dive right now. Does it look familiar?
https://www.kitco.com/gold-price-today-usa/

[sunsilk]

Will you look at the charts of January 2020 and tell me how much bitcoin was during that time and compare it to the current day's price? You are looking to the situation as is but ignores to look at the start of this year.

If you're also following the news, did you heard that some countries have decided to burn their fiat so that it won't be a reason for the covid-19 transfer? and how's that for bitcoin as an alternative money for transfer? no need for close contact for people to get paid.

The dump that we're experiencing is coincidental because of the plustoken dump.

[wellgoodsir]

i listen to the peter schiff podcast...and guy has been pretty much wrong about everything since the recession...and he literally will do anything and everything to pump his gold and eurocapital company....and yeah talking about the stock market crashing for the last 10 years and shit has just continued to hit new highs...

i still think hes a smart person...but the fact is back in 2011-12, when silver went to 25-47 or something....shits dropped and been at like 16-17 for the last 8 years or so...i lost money on that shit dropping...so yeah people lose money all the time on precious metal...this gold always goes up....actually it wen to 2000....and now its at 1600....which is better than you would think....

but yeah people have been losing or stagnantly making almost nothing on gold...for years....his doom and gloom shit, been wrong about almost all of it...but i still listen to him sometimes, because hes still pretty right about the whole shit being a bubble...but listening to him desperately...buy bold buy bold...i own a precious metals investment company....pushing fear and pumping gold over and over...

gold might be gold....but its still the allllllmighty dollar, my friends...but peter shiff has barely been right in the last 10 years...and yeah his self promotion, position literally only supporting...his business, and what supports his shit...

[DaCryptoRaccoon]

He's just a troll and your all feeding him and he loves it some people like to be center of attention no matter what and he's one of them if there something controversial he can post to get CT to react then he will if everyone started to remove him on twitter then he would not have a voice in the first place.

Not to mention his call's are terrible he has made error after error on his calls not only in bitcoin but in gold too which seems to be his go to thing.

Sometimes I wonder how much gold he holds physical or how wrecked he will be when his gold "digital numbers on a screen" blow up in his face.

[wellgoodsir]

also watch....buying bitcoin under 8000....oh shit is easy money if your not crazy person....market stop losses...its like free $$$...

ive trading in almost every market...and the bulls in bitcoin, its unlike anything else...they are a strroooong force...don't be shorting this shit eeevvveeerrr....your gonna have a baaad time 90% of the time...


also just wait....read up on sales...people go crazy over scarity...rioting etc...and yeah supplies are running out...limited time only...get your bitcoin...before the coins are mined, and you really miss your chance... don't miss out....

the drop in bitcoin i would assume has to do with the darknet markets disappearing...being dossed...scamming people....but as long as people are buying bitcoin need it to buy drugs and other contraband...but mainly drugs...bitcoin is a long play...telling you

[denzkilim]

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.

I don't think that the price falling of Bitcoin is connected to the recent disasters that are happening and everything is normal whether the price rise or falls, this is the nature of volatility. Those people who panic sell are being eaten by the whales who keep on buying BTC while the price is decreasing and in my own opinion, those are not true believers of this technology and just joining the hype of Crypto Currency.

[HardFacts]

I don't think that the price falling of Bitcoin is connected to the recent disasters that are happening and everything is normal whether the price rise or falls, this is the nature of volatility. Those people who panic sell are being eaten by the whales who keep on buying BTC while the price is decreasing and in my own opinion, those are not true believers of this technology and just joining the hype of Crypto Currency.

You are VERY, VERY wrong.   Lasts night utter crash in the price of BitCoin as news and economy gets worse should wake you all up....  Bitcoin is not a safe haven, it is a risk asset.   Any rational person would be doing a lot of self reflection and thought right now, there is still a long ways down possible.


You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality   



Hard Facts

After all, crypto has become dependent on world news and panic...

Crypto is a speculative asset and VERY MUCH affected by world news and panic.   People will be forced to sell BitCoin to cover losses elsewhere, and job losses. 

All you have to do is look at the price today to see this reality... 

Hard Facts

[marksneg01]

you need learn about history;)  https://www.youtube.com/watch?v=T1X6qQt9ONg

also i want you say something to your boss, (Bankers...etc)  Bitcoin is as fuck, will not die even with this manipulation that you are doing in our environment, this is manipulation banks can't let that their "papers" of Gold lost value and Bitcoin goes up, they are manipulating everything...but...you will see

[AGD]

After all, crypto has become dependent on world news and panic...

Crypto is a speculative asset and VERY MUCH affected by world news and panic.   People will be forced to sell BitCoin to cover losses elsewhere, and job losses. 

All you have to do is look at the price today to see this reality... 

Hard Facts

.... and buy!

[HardFacts]

.... and buy!

If you bought this FALLING KNIFE of bitcoin, you lost a bunch of money already....

So much for the promise and LIE of Bitcoin Being Digital gold      The Bitcoin bubble is popping quickly, along with all the other speculative BUBBLES.

Hard Facts

[fortunecrypto]

After all, crypto has become dependent on world news and panic...

Crypto is a speculative asset and VERY MUCH affected by world news and panic.   People will be forced to sell BitCoin to cover losses elsewhere, and job losses.  

All you have to do is look at the price today to see this reality...  

Hard Facts

This is a technology has a usage and can contribute something for the betterment of the society, market is falling because of the panic but once things have settled, it will stabilize, two things traders can do now is to leave or stay and be strong, I choose to hang on.

[rodskee]

This argument is so tiresome...

actually OP has a point at some part and try to look around now mate and you will find what he meant in this post,
because 3 days after this creation the market falls Hard,Bitcoin has -44% now as i speak and no sign from growing.
Having 6k early morning and now an hour after?leveling at $4k this time so yeah OIL and Corona is really what
 made the market falls Bad.

[HardFacts]

This is a technology has a usage and can contribute something for the betterment of the society, market is falling because of the panic but once things have settled, it will stabilize, two things traders can do now is to leave or stay and be strong, I choose to hang on.

Blockchain has HUGE usage for a lot of things, yes !!!   Bitcoin is NOT, NOT, NOT the blockchain.  The blockchain will be around forever, long after bitcoin is forgotten and worth zero...   So yes you can hang onto zero 

Cellphones changed the world, but do you use or even know what the first cellphone was ??  Do you use or know the first internet browser   BitCoin will be forgotten just as the first of many new world changing technologies were.   You are about to learn a VERY HARD lesson.

Hard Facts.

[pixie85]

.... and buy!

If you bought this FALLING KNIFE of bitcoin, you lost a bunch of money already....

So said people when Bitcoin fell in 2014 and later in 2016 when it was scraping the bottom. The same people were in 2017 regretting not buying more.
I bought whatever I could. All below 6000 is a bargain.


I don't like Warren Buffett that much because he doesn't understand new technologies but he said a very smart thing. Roughly it went like this:
If you buy stocks be ready to hold for a few years. If you buy to sell next week stocks are not for you.

The same goes for Bitcoin.

[HardFacts]

So said people when Bitcoin fell in 2014 and later in 2016 when it was scraping the bottom. The same people were in 2017 regretting not buying more.
I bought whatever I could. All below 6000 is a bargain.

BIG DIFFERENCE:   BitCoin rose in BUBBLE ECONOMY, when everything was rising, and money was flowing everywhere.    The current crash is the first REAL TEST of the Digital Gold, and BitCoin as a safe haven narrative.    It is now becoming painfully obvious to everyone, that narrative was FALSE.

Forget the last 10 years, they no longer apply, the mania, the run up, is all GONE.   This is now an economic crash, and bitcoin is behaving like any speculative asset, it is CRASHING just like stocks and everything else, except BitCoin is crashing even more....

Hard Facts

[HardFacts]

I found this write up unpatriotic, bitcoin dumps and come up quickly which is good for even a blind trader, if bitcoin goes down and stays there like forever without meaningful gain, I would have been tempted to digest this suppose hardfact, I see this as a FUD and never any fact.

Calling someone that disagrees with your investment strategy " unpatriotic " is a PERFECT Example of someone so emotionally involved, that he can not possibly look at this in any rational way.    The level of stupidity and dishonesty by this guy is astonishing !

I wonder if anyone that thinks BitCoin will go down is also sacrilegious and offending GOD also.  I know most people here are to cowardly to speak up against what everyone so desperately wants to believe, but I am sure a lot of you read this statement and think what a nutjob.    This is the perfect example of the self reinforcing fools convincing each other of their " beliefs " as they blindly go off the cliff together.


Hard Facts