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

[mk4]

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 

I'll admit: Michael Saylor took a huge ass risk that could either pay well, or be a disaster in the near to mid term future. I like how you intentionally left out Paul Tudor Jones in your insult though.

[yazher]

Oh! come on guys, this is just some mere speculation. this time he got it right and he is not the only one who got this right, everyone was expecting this thing to happen in 2020 because this is where the Bitcoin Halving happened. everyone was expecting that BTC will record a new ATH in the market because of this event and as we've seen so far, the BTC market is not done yet. Although these past few days are not going well, we still have some months to wait. this last quarter of the year might become like the last quarter of 2017 where we experienced a Bull run in late December that year. there's no need to praise that guy for what he had predicted since everything he said was most likely to happen this year.

[Wind_FURY]

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 

I'll admit: Michael Saylor took a huge ass risk that could either pay well, or be a disaster in the near to mid term future. I like how you intentionally left out Paul Tudor Jones in your insult though.

Or he could become one of the richest investors in the world. His investment would be $3.825 billion with Bitcoin priced at 6 digits, $38.25 billion priced at 7 digits. Both are not impossible in my opinion.

[mk4]

I'll admit: Michael Saylor took a huge ass risk that could either pay well, or be a disaster in the near to mid term future. I like how you intentionally left out Paul Tudor Jones in your insult though.

Or he could become one of the richest investors in the world. His investment would be $3.825 billion with Bitcoin priced at 6 digits, $38.25 billion priced at 7 digits. Both are not impossible in my opinion.

Keyword: could

I never left out the potentially positive results, but knowing that MicroStrategy was just worth around 1.3B when he made the $425M bitcoin bet(which is like 1/3 of the company's mcap), is definitely a huge bet. It's not like a company just allocated 1% of their cash on bitcoin; on MicroStrategy's case, the $425M is a huge chunk of their company.

[Wind_FURY]

I'll admit: Michael Saylor took a huge ass risk that could either pay well, or be a disaster in the near to mid term future. I like how you intentionally left out Paul Tudor Jones in your insult though.

Or he could become one of the richest investors in the world. His investment would be $3.825 billion with Bitcoin priced at 6 digits, $38.25 billion priced at 7 digits. Both are not impossible in my opinion.

Keyword: could

I never left out the potentially positive results, but knowing that MicroStrategy was just worth around 1.3B when he made the $425M bitcoin bet(which is like 1/3 of the company's mcap), is definitely a huge bet. It's not like a company just allocated 1% of their cash on bitcoin; on MicroStrategy's case, the $425M is a huge chunk of their company.

If the cash used to purchase was their surplus, then it would be a good hedge in my opinion. I won't believe anyone would be so stupid to disrupt their company's cash-flow for a 38,250 Bitcoin bet.

[Traderbtcc]

I don't really buy anyone's prediction when it comes to the market, I just follow the market and see what will happen next, I prefer working at my own pace and instinct, the market is too unpredictable to follow anyone's opinion, let's not forget that his predictions about bitcoin crashing have gone wrong a couple of times, so I don't see any reason why I should follow any of his predictions,I'd rather do me.

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!

Haha, this man is a joke, Imagine losing a poll to his own son, even his followers prefer the kid over him

[BTCW]

Come on, guys. If you are a professional trader with serious information on tomorrow's list price for any asset, one of the very last things on your to-do-list is to tweet about it today.

Tell the crowd one thing, do the exact opposite. Text-book pump and dump.

[mk4]

If the cash used to purchase was their surplus, then it would be a good hedge in my opinion. I won't believe anyone would be so stupid to disrupt their company's cash-flow for a 38,250 Bitcoin bet.

In the long term, I also think it would. But the short-mid term will still be pretty random(as per usual with bitcoin). I'm not seeing the negatives in their total balance sheet per se, but more of the possibility that bitcoin might crash in the short-mid term, that would cause a lot of their investors to lose confidence in their company and sell their shares.

[BlackFor3st]

Let's just hope that his last prediction will come true so I can buy more bitcoins again in a very low price as I was unable to to accumulate that much bitcoin last bear season so I am hoping that I can get more to the upcoming crash if there will be one to happen.

For gamblers, it's about control and discipline because if they will not have something like this then I am sure that they will surely lost their hard earned money as they will not stop for sure until they will lost all their money.

[Wind_FURY]

If the cash used to purchase was their surplus, then it would be a good hedge in my opinion. I won't believe anyone would be so stupid to disrupt their company's cash-flow for a 38,250 Bitcoin bet.

In the long term, I also think it would. But the short-mid term will still be pretty random(as per usual with bitcoin). I'm not seeing the negatives in their total balance sheet per se, but more of the possibility that bitcoin might crash in the short-mid term, that would cause a lot of their investors to lose confidence in their company and sell their shares.

The short-term.

But the long term,



Bitcoin has never stayed long below its 200-week SME, and all the times it fell near or touched it, were golden buying opportunities.

[HardFacts]

Haha, this man is a joke, Imagine losing a poll to his own son, even his followers prefer the kid over him

BitCoin is following stocks down AGAIN today...  Peter Schiff was right, the pattern is holding very well....

Do you REALLY take investment advice from a mob of young twitter followers ?   I generally do not like to see people lose their money, but there are cases of such UTTER STUPIDITY that some people need and deserve what they get.   Even some of the dumbest people can get some sense knocked into them when they lose everything 

[microsurfer]

The crypto industry is not in the vacuum, of course there will be a correlation with real world. However, not everyone ready to accept it

[Wind_FURY]

Haha, this man is a joke, Imagine losing a poll to his own son, even his followers prefer the kid over him

BitCoin is following stocks down AGAIN today...  Peter Schiff was right, the pattern is holding very well....

Do you REALLY take investment advice from a mob of young twitter followers ?   I generally do not like to see people lose their money, but there are cases of such UTTER STUPIDITY that some people need and deserve what they get.   Even some of the dumbest people can get some sense knocked into them when they lose everything 

Where are you? Peter Schiff was NEVER right. Remember this stupid March 13 tweet? OK!

You go back from where you came from, troll.

https://twitter.com/peterschiff/status/1238287614060433408

With #Bitcoin crashing below $4,000 I don't feel so bad about having lost all my Bitcoin. At the rate my lost Bitcoin are losing value soon the difference between having Bitcoin and not having any Bitcoin will be too small to matter.