OMG !!! Peter Schiff was right, again.............

[HardFacts]

PETER SCHIFF noted early this year that BitCoin is trading like the STOCK MARKET     

Stock market goes into a bigger bubble, and so does BitCoin. 

Stock Market Crashes in March, so does BitCoin

Stock Market goes into an even bigger bubble April - September, so does BitCoin

Stock Market Corrects now ( early September ) so does Bitcoin correct down to 10,000 again.

THE ONLY ONE LEFT:   Stock market crashes hard:   Bitcoin will also crash hard.

Gambling and speculating on BitCoin can be great, and make you a lot of money if you time it right.   But you must get out of the Casino in time.  If you stay in the Casino to long, the house will always take your money   

I hope no one has money they can not afford to lose invested right now....

[o_e_l_e_o]

Welcome back. I don't really pay attention to the price but since you've showed up that can only mean that there's been a correction. Funny how you are mysteriously absent during all the bull runs.

Still harping on about Schiff? The man who is so perpetually right that not even his Twitter followers, or even his own son, want to take his advice? Lol.



Still, since you think he's always right, where is that $1k bitcoin he promised us a year ago? I've been waiting for it to hit so I can buy more.

[fiulpro]

There was a statement that made an impact on me from the Movie : Wolf of Wall Street
*Number one Rule of Wall Street : Nobody!!
I don't care if your are Warren Buffet or Jimmy Buffet , I don't care ; Nobody Knows if the stock is going to go up; down ; sideways or in Fuck**g circles*

This statement for me was actually very powerful since I summed up most of the questions people and newbies have. Stocks and these markets cannot be marked by someone until and unless they control 100% of it. Therefore we might call this a *Luck* but worshipping someone is different.

Don't go on anyone's words the market is too unpredictable to pe predicted periodically by someone.

[o_e_l_e_o]

Don't go on anyone's words the market is too unpredictable to pe predicted periodically by someone.

Oh, Peter Schiff isn't trying to predict the market. And even if he was, his predictions regarding both bitcoin and gold have been consistently and monumentally wrong. Indeed, if you were to do the exact opposite of what he says, and buy bitcoin whenever he predicted it was about to "crash", you would be sitting on a very nice profit right now.

What Peter Schiff is doing is mindlessly and endlessly shilling gold. He is a gold bug. The majority of his money is in gold. His net worth depends on the price of gold being maintained. He will forever shill gold to his followers, and will forever rubbish anything he sees as a threat to gold. The fact that he (and HardFacts over here) spend so much of their time telling everyone just how terrible bitcoin is means that they see it as a real and genuine threat to the price of gold.

[dothebeats]

Ah, the man himself; the most persistent gold bug of our era. Peter Schiff has been calling all sorts of names on bitcoin and have been wanting all kinds of crashes on all fronts on cryptocurrencies yet here we are still, treading ever so lightly on $9k and $10k after the 'crash' from $12k.

Your timing on these crashes are always on point, but you are always missing when everyone is talking about the rises on the price. You're shilling for the shill, and I get that especially if you have high respects for the man. Anyway, just look at his own twitter followers and even his own son whom he taught about investing and whatnot disobeying his teachings and advice. Quite lovely, isn't it?

But sans the Schiff talk, the drop was bound to happen. Momentum was lost after trying to repeatedly pierce the $13k barrier. Traders have to collect profits. Nothing fancy or special about it, just some people being practical and smart on their own money.

[gamer4156]

It is very difficult to talk about the market here. On the other hand, it cannot be left out that there is a lot of similarity in his words. Many people give predictions, but many of them do not agree with it. Judging from that point of view, his words are very much in agreement. Those who have followed the path shown by Peter Schiff are, of  course, now living in a state of profit. However, I did not ask people to match a couple of pedicures, I think it is better to run on your own intellect.

[Yogee]

What exactly is the point of this post? Buy Gold instead of Stocks and Bitcoin then stay there forever? That's not going to happen. Investors moves in and out of different markets depending on the trend. We've seen trends like bitcoin going up when stocks are crashing.

[mk4]

Aaaye. A familiar username. 🤔

Sure, the markets "crashed", but actually? Take a few minutes and actually look at the price chart. Bitcoin was just freakin $5,000 a few months ago lol. What a crash, right?

What exactly is the point of this post?

Take a look at OP's post history. That should explain it.

[Darker45]

OP, don't start counting the times when Peter was right. Somebody might get triggered and start counting the times when Peter was wrong. I'm afraid your list will be dwarfed by the latter.

Welcome back. I don't really pay attention to the price but since you've showed up that can only mean that there's been a correction. Funny how you are mysteriously absent during all the bull runs.

Still harping on about Schiff? The man who is so perpetually right that not even his Twitter followers, or even his own son, want to take his advice? Lol.



Still, since you think he's always right, where is that $1k bitcoin he promised us a year ago? I've been waiting for it to hit so I can buy more.

This is funny. He shouldn't have made this a poll. Now, he got whammed twice with a single tweet. LOL!

[mk4]

This is funny. He shouldn't have made this a poll. Now, he got whammed twice with a single tweet. LOL!

I see this as Peter just creating publicity to boost his son's social media reach. And so far, it's working really really really well. If I remember correctly, Spencer's following was just around 10k a week ago.

https://twitter.com/SchiffSpencer

[Darker45]

This is funny. He shouldn't have made this a poll. Now, he got whammed twice with a single tweet. LOL!

I see this as Peter just creating publicity to boost his son's social media reach. And so far, it's working really really really well. If I remember correctly, Spencer's following was just around 10k a week ago.

https://twitter.com/SchiffSpencer

Well, if this is true, this is canny of him. But for what? Spencer is, after all, just a freshman. There's nothing to market, or so it seems to me at least. And, at the expense of Peter himself's reputation? I dunno if he's still got any left but I really cannot see a point of all this, which is somehow a subtle way of declaring Bitcoin as the winner.

[pooya87]

he has never been right and he is not right now, same way as bitcoin has never followed any other market least of which US stock market and it has not started to do so now either.
if you look at the charts and compare them together you can also see this clearly. we had bitcoin price rally from $8k to $12k and then corrected to $10k whereas stock market has been crashing and then had a dead cat bounce and now it is crashing again.
not to mention that what happened over the past week was a one time drop in bitcoin price within a single day and it was done while stock market has been crashing for over a week now!

[mk4]

Well, if this is true, this is canny of him. But for what? Spencer is, after all, just a freshman. There's nothing to market, or so it seems to me at least.

Probably nothing to market, but that's for now. Better to start gaining the following right now than start in the future.

And, at the expense of Peter himself's reputation? I dunno if he's still got any left but I really cannot see a point of all this, which is somehow a subtle way of declaring Bitcoin as the winner.

Let's be completely honest here. Peter Schiff's lost reputation is just on us bitcoiners on social media. It's highly unlikely for his businessmen peers to care what he's been saying on social media; after all, all those crappy tweets have actually helped Peter gain publicity to himself and his businesses.

[maldini]

I can't say a word here because I have to say I don't borrow anyone's predictions. I love moving at my own pace all the time and I follow the market all the time to see what is going to happen and what is happening. You will notice that many of Tar's close relatives do not follow him now, do not listen to him. Tell me how I follow him where his close ones do not want to listen to him

[Wexnident]

The man who is always right in being wrong? Or the man who only appears when he's only right but sinks back down when he's wrong? Anyway, Nothing here to see, Peter Schiff the man who became a joke in the crypto community and I'm pretty sure he can afford such a title, since who cares right? Not like he was with Bitcoin anyway.

Gambling and speculating on BitCoin can be great, and make you a lot of money if you time it right.   But you must get out of the Casino in time.  If you stay in the Casino to long, the house will always take your money   

Nah I'm content inside the casino. I'd rather deal with what happens inside than deal with people like Schiff outside.

[BADecker]

PETER SCHIFF noted early this year that BitCoin is trading like the STOCK MARKET      

Stock market goes into a bigger bubble, and so does BitCoin.  

Stock Market Crashes in March, so does BitCoin

Stock Market goes into an even bigger bubble April - September, so does BitCoin

Stock Market Corrects now ( early September ) so does Bitcoin correct down to 10,000 again.

THE ONLY ONE LEFT:   Stock market crashes hard:   Bitcoin will also crash hard.

Gambling and speculating on BitCoin can be great, and make you a lot of money if you time it right.   But you must get out of the Casino in time.  If you stay in the Casino to long, the house will always take your money  

I hope no one has money they can not afford to lose invested right now....

When the stock market crashes hard, it will take the money system along with it. Then Bitcoin will be king for a little while, until the world crashes because fiat crashed. Then gold and silver will be king and queen.

[o_e_l_e_o]

OP, don't start counting the times when Peter was right.

Even a broken clock is right twice a day, as the old saying goes. Constantly stating that bitcoin is going to crash for 5 years, and then showing up once or twice a year when there is a minor consolidation shouting about how much a genius you are, just makes you and everyone who follows you look incredibly stupid. Looks like he is now back tracking on the poll I linked above, claiming he was "trolling" and it was all a "publicity stunt". He's like the idiot who gets called out for being an idiot and goes "Haha, joke's on you, I was only pretending to be an idiot!".

I've got nothing against gold. I own some, and it's always a good idea to spread your wealth across multiple asset classes. But harping on for years about how gold is amazing and everything you don't understand is automatically trash is just pathetic.

[DeathAngel]

Just thought I’d add this

[gentlemand]

OP should change his name to Hard Schiff. He wants to insert his Schiff 14 inches deep inside each and every one of us. And then maybe a little fart only he knows about'll come out the end for own his gratification.

[tyz]

I hope no one has money they can not afford to lose invested right now....

Honestly, Peter Schiff is a joke in terms of his Bitcoin/crypto predictions. For many years he has warned whenever possible that Bitcoin will drop to $0. He was already bearish with Bitcoin when Bitcoin was not even worth $1000. His predictions may have worked for other asset classes and he seems to understand them, but he has not understood what Bitcoin really is, how Bitcoin works and what ecosystem has already been created around Bitcoin and crypto. To make such statements especially in times of massive money printing is simply ridiculous and also shows his ignorance. At least his son seems to have more idea about Bitcoin