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

[SomeJasonGuy]

Although he may have been "right", you can't rule out coincidence. Also, his own son doesn't think he's always right, lol - https://twitter.com/PeterSchiff/status/1303009420713111553?s=20

Having said that, I wouldn't go by everything he says when it comes to bitcoin especially considering he has vested interests and an agenda. I do however, think that bitcoin would crash along with stocks but would recover much faster. Rather than trying to time the market, it's best to be in in it long term if you believe in it. It'll probably weather the crash and then go to new heights pretty quick post that.
 

[o_e_l_e_o]

Just because he said something like that doesn't mean you'll gonna believe all his words. .
 

Schiff admitted that he correctly predicted the price development of gold for August, but was wrong about Bitcoin.

He doesn't actually admit he was wrong about Bitcoin at a fundamental level though. Just that he was wrong that it was going to crash in August. He immediately doubled down with his ridiculous predictions by saying that bitcoin only rose up to $12k thanks to gold (), and that it is still going to crash. Surely this time he'll be right!?

but if you like taking investment advice for a new technological asset from a person that barely understands technology, then you do you.

This is the same guy who claimed that his wallet forgot his password. His technical knowledge and understanding of bitcoin (or general computing for that matter) appears to be close to zero. His advice regarding bitcoin is the last thing I would listen to.

[Slow death]

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

Nowadays people follow the wave, they are hardly going to listen to a single person who in this case is Peter Schiff while people are seeing bitcoin having risen from just under $100 to $19,000 and currently being at $10,000. For people, the concrete things are what people will trust most.

APR 12, 2020, He said:

Peter Schiff Predicts Gold Will ‘Moon’ While Bitcoin Crashes

and the bitcoin price remains above $10,000 and with great potential to increase a lot in the coming years, so that no one will take PETER SCHIFF's advice seriously

[HardFacts]

Nowadays people follow the wave, they are hardly going to listen to a single person who in this case is Peter Schiff while people are seeing bitcoin having risen from just under $100 to $19,000 and currently being at $10,000. For people, the concrete things are what people will trust most.

WRONG, WRONG, WRONG.

More people are SELLING BitCoin than buying BitCoin, hence the price drop     This is not just a single person, there are a LOT of sellers.  How utterly ignorant can you be to not know this basic fact ?   Why would anyone listen to a person with such shocking lack of any kind of knowledge ?

BitCoin is NOT, NOT, NOT a concrete thing, it is digital air.  Gold is " concrete thing "  Again, you show such a level of ignorance that I would not trust you to clean my toilet 💩💩💩  much less take financial advice from you.

[o_e_l_e_o]

More people are SELLING BitCoin than buying BitCoin, hence the price drop     This is not just a single person, there are a LOT of sellers.  How utterly ignorant can you be to not know this basic fact ?

Except that's not necessarily true. A price drop says nothing about the number of different people buying or selling. 1 person selling 1000 BTC while 999 people are each buying 1 BTC will cause a price drop.

[HardFacts]

More people are SELLING BitCoin than buying BitCoin, hence the price drop     This is not just a single person, there are a LOT of sellers.  How utterly ignorant can you be to not know this basic fact ?

Except that's not necessarily true. A price drop says nothing about the number of different people buying or selling. 1 person selling 1000 BTC while 999 people are each buying 1 BTC will cause a price drop.

This could be true !   A whale could sell a bunch of BitCoin at once, and that is probably happening...  The SMART MONEY is getting out before the crash that Peter Schiff has been talking about  

BitCoin is a large enough market, that the price drops we have seen for the past week are almost certainly more than one person.  This seems a pretty broad based selloff of BitCoin rather than just a few large individuals.

[o_e_l_e_o]

The SMART MONEY is getting out before the crash that Peter Schiff has been talking about  

I am so ready to buy back in at $1k! He said that was coming back in November last year, when bitcoin was at $6k. Too bad he's been so completely wrong so far. Any time now, eh?

[coolcoinz]

The SMART MONEY is getting out before the crash that Peter Schiff has been talking about  

I am so ready to buy back in at $1k! He said that was coming back in November last year, when bitcoin was at $6k. Too bad he's been so completely wrong so far. Any time now, eh?

These haters are as toxic as those "when moon, when lambo?" people.
If Bitcoin fell to 1k tomorrow without any fundamental fuckups I'd be taking a loan.
Of course if it went to 100k next week I'd be selling everything, because both of those moves would be completely unnatural.

[wiss19]

I don’t know why people keep saying Bitcoin and gold correlates, but we are all aware that Bitcoin is a high risk asset while gold is seen as a more stable asset, so how do we say that these two correlates?

Well, maybe they do, but it’s just in a few situations and is not something that keeps happening all the time. We can take what happened in 2017 as an example, when Bitcoin reached its peak price, it wasn’t the same for gold, if they really correlates that much as people do say, then gold would have taken the same move in 2017 when Bitcoin moved to a peak price.

[HardFacts]

I don’t know why people keep saying Bitcoin and gold correlates,

BitCoin and the STOCK MARKET are correlating....  Just as Peter Schiff noted at the beginning of this year, and correlating with every rise and dip right now...

BitCoin Pumpers are desperate to tie BitCoin to Gold, and that is NOT, NOT, NOT accurate.  Seems a few people are noticing 

Hard Facts

[Mahanton]

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....

People do really love on correlating Cryptocurrency market to Stocks/Forex/Gold but actually these are just coincidences that can really be made.

We cant tell nor have that precise thing that they are really connected or would really behave on the same manner but somehow we can make out
some sentiment basing of into their movements.If we do see stock market is crashing then it doesnt mean that crypto would do the same.

Im not really much into believing into this particular manner.

[Viscore]

You're not just a follower of Peter Schiff but I see you as himself.

No, Peter Schiff can be right or can be wrong but I'm not thinking that he was right all the time. Because in the first place, I'd never know a person who knows everything in the future. He might predict that the stock market crashes but he is wrong when saying that the Bitcoin will also crash. What I saw now is a big opposite of what he thinks, we are still healthy even we experience a few dumps.

[HardFacts]

You're not just a follower of Peter Schiff but I see you as himself.

No, Peter Schiff can be right or can be wrong but I'm not thinking that he was right all the time. Because in the first place, I'd never know a person who knows everything in the future. He might predict that the stock market crashes but he is wrong when saying that the Bitcoin will also crash. What I saw now is a big opposite of what he thinks, we are still healthy even we experience a few dumps.

You are funny !!!!

Do you know how much Peter Schiff is worth    Do you know how many followers he has on his different platforms   Not even to mention appearing on even more popular platforms that have millions of views.

There is no way Peter Schiff would be wasting his time here talking to such a small audience of people that do NOT want to hear his message 

I on the other hand do not have a huge following, so this is the best I can do !!!

[abuya55]

I suppose it was a lucky guess only. Bitcoin behaved like stocks because of the pandemic effect.

[HardFacts]

I suppose it was a lucky guess only. Bitcoin behaved like stocks because of the pandemic effect.

Lucky would be for one or two cycles....  This is correlating much more than just a guess.  You must not be watching the markets very closely.

No worries, BitCoin will behave like stocks, but with bigger crashes, and go to near ZERO  because of the economic crash effect 

[(o)(o)ilikeboobs(o)(o)]

I wanted to comment on this topic last week but today I have to do it because this old man was wrong.
Bitcoin at the moment is $ 10900, if anyone buys it at $ 10000 they are about 9% profit. No other asset has grown so fast. Right now, institutions are continuing to buy bitcoins as their reserve fund. Bitcoin's future will be higher than the present.

[Malam90]

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....

It is difficult to predict price in crypto. Few experts like Peter Schiff predicted and it happened drammatically. It doesn't mean that his prediction is perfect. Stock market crashed means it will affect on Bitcoin, this idea is not right. I don't rely on others prediction in crypto investment.

[mk4]

The SMART MONEY is getting out before the crash that Peter Schiff has been talking about  

Meanwhile MicroStrategy now has a total of 38,250 bitcoins after just buying more 2 days ago[1]. And just after the Legendary investor Paul Tudor Jones bought bitcoin a few months ago[2]. Alright mate.

[1] https://twitter.com/michael_saylor/status/1305850568531947520
[2] https://www.bloomberg.com/news/articles/2020-05-07/paul-tudor-jones-buys-bitcoin-says-he-s-reminded-of-gold-in-70s

[HardFacts]

Meanwhile MicroStrategy now has a total of 38,250 bitcoins after just buying more 2 days ago[1].

WOW !!!  Someone is going to be in a LOT of trouble for that   

I hear McDonalds is hiring, but they will not let him anywhere near the cash register 

[kotajikikox]

Nice Post mate,at least while Hardfacrts always seems to be hating Bitcoin or the whole crypto i guess yet Most of His threads
(so many of them actually all are FUD and nothing good to say about this market)
don't give exact meaning to what is happening to market.Look at His reference when Peter Schiff Making this reaction His own son Goes against His stand is this something to prove that He says against what he is really doing?
i mean He might really investing in  crypto and His Son knows that so Following His steps?

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.

Like what His prediction since then,Nothing comes true and all stays illusion of a desperate person,or He is just making FUD to bring
the price down so Like Us He can buy more in cheaper value?