Peter Schiff son buys more bitcoin against his advise

[AjithBtc]

Peter Schiff has earned good out of his stocks and investments. This has made him give more importance to businesses/investment than technology developed bitcoin. The son belong to the technology grown generation, and the same has made his son choose bitcoin.

All the above, from the polling results it is clear that majority of the Twitter users were young people, who fall on the technology driven generation.

[LUCKMCFLY]

Apparently Peter Schiff is learning that sons are totally different people and cannot handle his thinking, his son has realized the potential that Bitcoin handles, not only because of its technology but because of the great value it has in profit of investment and trading.

[pawanjain]

LOL    Is this some kind of joke or what ? It's funny though, seeing your own son getting more attention than yourself.
It's kind of free promotion for bitcoin. I guess he would have bought it now since the price has decreased recently.
Must be hard for Peter to digest this. Sometimes we must just accept what the harsh reality is.

[Sanugarid]

Each generation changed and the world is changed too. You'll see so many things changed in the past just like transaction. In ancient era, if you want bread you need to give milk because fiat money not exist yet. After many years later, fiat money exist and you can buy almost everything with your money. And now we have Bitcoin.

Yeah I agree, younger generation tends to be more impatient than the older ones because of the internet and technology advancements that we had for years now. I can see that the generation now are into fast cheap money making cylinder like crypto, if you will ask an adult if he's into bitcoin or gold, he'd probably say bitcoin coz it's easy money in here, when it is literally not. It depends now on which is trendy isn't it?

Most of old peoples are too worried, they always don't allow kids to do something new especially if he doesn't have any experience. Even though you didn't listen your parents advice, if you believe what you do... just do it and make them proud of you.

Cultured? coz they think they are more experienced, well indeed they have the more age of living and it means they got the experience of living the life longer but the opportunity now does not deal with how long you existed, buy bitcoin now or never.

[Jating]

The funny thing is that even Peter Shciff's follower voted on his son,  .

Just shows how different where the time is, Peter is an old traditional fart, compare to his son, who is open minded has his own thinking as far as investment goes. Also doesn't surprise me if Peter is really into bitcoin, with all the shilling he is doing right now with BTC.

[bitsurfer2014]

i have seen enough people in real life and online that seemingly hate bitcoin so much and criticize those who bought it to the point that they are trying to change their mind and then i find out later that they have been buying bitcoin long before i even know about bitcoin.
the scarcity seems to have gotten to these people.
that is why i am not convinced that this guy isn't accumulating bitcoin himself and this is mostly like a social media fakeout to me.

Fudding Bitcoin to accumulate more has been a proven tactic by some well known individuals and this could be a possible reason on his persistent stance against Bitcoin.

Or ...  the other reason is that maybe he was disappointed why he didn't bought BTC at the earliest when it was very very affordable.

[Kelvinid]

You should've included the epic Tweet reply from Spencer Schiff himself  :

https://twitter.com/SchiffSpencer/status/1303010333389467651

I'm still up to this day quite convinced that what mostly separates Austrian economists that are gold bugs from being bitcoiners is their technological literacy. I don't think it's a coincidence that people who are less technologically literate are the ones who dislike bitcoin with passion.

That is also what I supposed to think about. They know more than normal people, but they actually never see the good things in Bitcoin. It could be possible that this is against from their Business? Doubtedly that they have any and they want just to ruin Bitcoin for their own benefits, in fact, some big business owners are accumulating Bitcoin already which means that they are preparing the transition and it is nearly to happen one day.

I don't get their well, not even to understand why he hated Bitcoin. Or they are just loyal to the stock market.

[Mahanton]

https://twitter.com/PeterSchiff/status/1303009420713111553

Peter Schiff twitted that his son buy more bitcoin against his advise. Then Peter in turn put up a poll as to who's advise someone will follow, his or his son. An overwhelming 80++% voted for the kid move to get into bitcoin.  , Lol, he should follow his kid's advise as well and get into BTC, or is he secretly stashing already?

Its up to his decision already if he do tend to follow on what most being suggested. 80% of the poll? He would really make up some consideration basing off that there are lots
who do really trust up bitcoin or he would simply just stand on his ground and follow strong into his own belief but it wont be surprising if he do changed up his mind and go along
with his son decisions or would be secretly stashing just for him not to be embarrassed that he did actually follow on son's suggestion.

[MCobian]

I can't stop smiling at the poll results by Peter Schiff, they are truly epic. More than 80% of the voters voted for Spencer Schiff,
this is sure to blow Peter Schiff away. And this also proves Bitcoin's popularity is increasing and many people already think Bitcoin
is better than traditional investment. Hopefully Peter Schiff realizes his mistakes quickly, because experienced investors / business
are not always right.

[HardFacts]

Fudding Bitcoin to accumulate more has been a proven tactic by some well known individuals and this could be a possible reason on his persistent stance against Bitcoin.

PETER SCHIFF owns GOLD, and buys it all the time.  Peter Schiff constantly promotes gold.   How could you possibly think Peter Schiff talks bad about bitcoin so that he can buy it cheaply, but not talk bad about GOLD to make the price go down  

Bitserfer2014 obviously did not THINK before he posted the above statement  

[Sadlife]

This is why i love the internet, its free from censorship and bias    Clearly his son surpasses him despite being a experienced/business owner, and in time he might change his mind once he has clear knowledge on how digital assets works.
This goes to show don't follow financial advise from so called experts, always do your own research because they do not know everything and not everything they say is right.

[LogitechMouse]

Its quite funny and at the same time, this is like a slap on the face on his father.

This just shows that experience doesn't matter when it comes to this matter. I'm curious about how his father is feeling right now since he created the poll and it went into the way that he doesn't expected to. This just shows that Bitcoin will be safe for the next generation because we see some kids who understands how it works already. Even if I'm in the position of the son, I will choose the kid too and not him .

[kotajikikox]

https://twitter.com/PeterSchiff/status/1303009420713111553

Peter Schiff twitted that his son buy more bitcoin against his advise. Then Peter in turn put up a poll as to who's advise someone will follow, his or his son. An overwhelming 80++% voted for the kid move to get into bitcoin.  , Lol, he should follow his kid's advise as well and get into BTC, or is he secretly stashing already?

What is Peters purpose publicising this?telling the world His son is not under His control or just to show that youngster now really loves Bitcoin?or even altcoins.


This is not something a parent can be proud but this is Crypto market wanna hear.

Lets assume this is the start of many college youngsters starts investing and liking crypto currencies.

[Wexnident]

The old are stuck in their old ways, they set the path because they've experienced it and think that that's the best path, but really, that just brings stagnation since it doesn't really provide an improvement on ANY matter. The young are innovative and explore the ways since they see the world in a different light and can think up of things that others can't, and aren't really afraid to challenge it. Props to twitter peeps who voted for the Kid option, It isn't just to make fun of Peter Schiff or anything, rather it's the actual truth.

Idiotic advice would remain idiotic even when someone with reputation and experience says it. Imagine using your age and reputation to prove that your own opinion is right, anyone in their right mind wouldn't compare it like that.

[verita1]

Some have commented that The Kid will one day inherit all of his gold and convert it to Bitcoin. Peter also commented that he fears that older people are investing in Bitcoin and that they will not have time to recoup their loss.

Antoni Pompliano, Adam Vack and others from the crypto space also commented on this survey.
Trick or not, we already know about his son and we can take a look at him if he really is one of ours.

[Janation]

What is Peters purpose publicising this?telling the world His son is not under His control or just to show that youngster now really loves Bitcoin?or even altcoins.

May he thought that he is right and also thought that this followers will agree to him making his son embarassed.

But it is a mistake, it shows most of Peter Schiff's followers are unto Bitcoin and maybe other cryptocurrencies the reason his losing the poll he posted. Later he posted again saying he is just 'trolling" and should spend our time selling our Bitcoin and buying Gold. He is trolling but he is trolled back by his followers. Now his seemed annnoyed by his next tweets.

[bitsurfer2014]

Fudding Bitcoin to accumulate more has been a proven tactic by some well known individuals and this could be a possible reason on his persistent stance against Bitcoin.

PETER SCHIFF owns GOLD, and buys it all the time.  Peter Schiff constantly promotes gold.   How could you possibly think Peter Schiff talks bad about bitcoin so that he can buy it cheaply, but not talk bad about GOLD to make the price go down  

Bitserfer2014 obviously did not THINK before he posted the above statement  

Mate, its just an assumption and hypothetically speaking, its my opinion for the sake of argument. Its not a hard fact and can be definitely ignored if any one prefer to do so. Imho.

[ampu]

A longtime investor has a different way of thinking from newcomers. He is experienced enough to know what to do to get the best return because he is used to his work and he believes it to be the best.
Maybe he was right at the time his son invested because the price of bitcoin fell, but I firmly believe that in the future his son's bitcoin investment is right and he will change his mind.

[erikoy]

A longtime investor has a different way of thinking from newcomers. He is experienced enough to know what to do to get the best return because he is used to his work and he believes it to be the best.
Maybe he was right at the time his son invested because the price of bitcoin fell, but I firmly believe that in the future his son's bitcoin investment is right and he will change his mind.

We are now the new era where experience investors may never going to learn new investment like in cryptocurrency. However his dad was right talking about experience in investment but we are in different kind of investment. Cryptocurrency is earning but it also mean that one could still lose depeding on the decision making and how you join the investment. Buying crypto when market is good and sell it when price is high. Noore waiting of ATH and just intent to sell when it is earning already.

[mk4]

I wonder if Peter is feeling embarass to himself knowing that many will favor to bitcoin than his words and comparisons.

He's definitely so embarrassed due to the gigantic amounts of exposure he, his son, and his businesses gained by him trashing on bitcoin on the daily. Weird how a lot of people still haven't realized that they're being played like a damn fiddle.