Is Peter helping bitcoin pump?

[hatshepsut93]

Bitcoin with its hundreds of billions $$ in marketcap is way bigger than some twitter goldbug celebrity, so instead you should maybe ask - does Bitcoin help Peter Schiff have more followers? Maybe it does, because it gives him something to talk about. It's pretty pointless to talk if a single person, a small company or a small country can influence Bitcoin, because while technically they can, it's so small that it just can be ignored.

[Scripture]

Those who Help and Was helping will never be mentioned i guess and their contribution is also being bashed into nothingness ..

Those who are working behind the success of Bitcoin and not just a hype on twitter, well for me he's not helping at all. I don't much about this guy and I don't know if he's a real pro Bitcoin, but making any statement doesn't make bitcoin pump because we need fresh money from the investors and not any word so we can totally pump. Bitcoin pump is made of the traders who actively play in the market, they know what to do for sure.

[arallmuus]

I mean he just tweets about bitcoin so often. He may be thinking that he is guiding his followers out of bitcoin but what he could be doing is making them more curious that they will eventually buy like his son did.

Pretty much an average old guy that dislike the fact that bitcoin is destroying his gold stack. As much as I hate to admit this but bitcoin is not going to be popular with all those 'old guy' that has impact on financial / economy to some degree. They are going to be sticking with either gold or property, their safe haven for years

Bad publicity is still publicity eh?

Depending on who tweeted it. It could give a bad impact though. Warren Buffet's statement regarding bitcoin / crypto gave a bad impact iirc

[Shasha80]

Everyone is free to think about Bitcoin, including Peter Schiff go ahead say negative about Bitcoin. In fact, his opinion will not
affect the price of Bitcoin, indeed Peter Schiff is a rich man with many followers, but not strong enough to affect the Bitcoin price.
What he said on Twitter should be ignored, because there really is nothing to worry about.

[TopT3ns]

I think the price movement of bitcoin can increase due to the interaction between buyers and sellers, so if the price of bitcoin can go up it's not just Peter, but bitcoin price movements can go up when many people buy it.

[milewilda]

It is understandable behavior from a butthurt whose bags of gold aren't rising in value and have been having very hard time lately while he sees bitcoin keeps doubling its value every couple of months and consistently. It is easy to see his butt is hurting

And no he has no effects on bitcoin whether positive or negative, he is just another old man filling the internet with nonsense that nobody cares about.

Common reactions from butthurt and i do have the same views that these fellas do keep talking as some sort of covering up their worries and frustration into their portfolio while seeing bitcoin
is flying out with colors and with people like these then i dont really see the relevance for them to make some effect into the market.They can talk all they want and attack to those companies/personalities/media
if they wanted to but people of this community doesnt really care into those words that do keep spitting into their mouths.Same goes to those similar people who talk negatively or to those
exaggerated permabull unrealistic calls.

[Rengga Jati]

Another drama from peter schiff?
Even a few hours ago he also said this:
Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar

Sometimes, it is about how powerful is Bitcoin, and sometimes it is about gold. Well, actually he is a popular person, especially in this area. But, will it really influence much? I don't think so because of what he commmonly did

[pilosopotasyo]

People are more educated and more intelligent than to believe in this kind of opinion, they are a search away if the information provided is correct or not, with so many good news coming and provided online, this kind of FUDS will go nowhere, in fact bad publicity is also helping the cause of Cryptocurrency.

[target]

Almost admitting the change of heart. He can't just miss the chance to tweet bad about Bitcoin but in the end, it will likely help its pump when his fellow finance guys will be interested to join the pump. The tweet is like a fud. If his son already has gotten some BTC, Peter could also have some already by now as its part of the father and son relationship.

[harizen]

Nah just let him do what they want. That's his account after all.

It can't affect the bitcoin market as a whole. No way.

As for his followers, up to them how will they react to his tweets, will they treat or consider bitcoin as positive or negative?

[Salauddin1994]

No one can control the crypto market tweet reviews it will depend on his site not everything can be delivered via tweet bitcoin pumps increase the price based on the demand in the market the higher the investment the higher the price. Peter can give a lot of information about bitcoin promotion through his tweets but can't determine the price difference if the rate of investment in bitcoin increases through promotion which will affect the crypto and the crypto market will rise will help for the pump.

[Chivas Regal]

meh

We're on first name terms with Peter Schiff now are we?

Any news is good news and you should thank Mr. Schiff for giving bitcoin some airtime post US elections and covid.

[Yogee]

....
It is true, that we cannot conclude that with just one person the volume of bitcoin can have a very large pump. I think Peter is only a small part of the investors who contributed, but not all. Unless he owns ten million bitcoins, maybe we can say there is a possibility ... but there are still many investors scattered around the world who are causing the bitcoin pump. One of the reasons is the increasing interest of people to invest in bitcoin because during a pandemic situation, investing in bitcoin is the right way to save their property.

Oh so you're saying Peter has bought bitcoin now? He may be many things but I don't think he's someone playing that "spread FUD to buy btc at a lower price" game.

....
Honestly, it's my first time knowing about Peter.  Bitcoin's price increase was noticeably more mature when Paypal announced it was accepting Bitcoin purchases on their platform.  One person's opinion would be difficult to make cryptocurrency attractive but when a large company opens up its self to cryptocurrencies (like PayPal) it creates a huge domino effect..

I agree with you. Peter did not help the bitcoin pump because making bitcoins value is not done by just one person. It is difficult for him to attract more bitcoin investors but big companies can do it with the millionaires and billionaires who now also use and invest in bitcoin.

You are both missing the point. It's not his intention to make bitcoin an attractive investment. It's actually the opposite but he could be helping out by constantly attacking btc.

We're on first name terms with Peter Schiff now are we?

I'm not in trouble am I?

[lobcmt2]

If one person does not have big influence on national or global policies or regulations on crypto, one tweet does not have big influence on the market. Peter Schiff is a bull bitcoiners and I caught his idea to support bitcoin and gold, silver. Gold and silver are safe haven for wars, conflicts, hyper inflation and Schiff is right.

Kiyosaki stated about his investment perspective on Bitcoin, Gold and Silver. He is bullish on three assets. I'd like to choose bitcoin as its convenience for me to move my money. Bitcoin transactions are easy to use and I can store or bring my bitcoin to any place on the planet. I don't have to bring gold or silver bars around, don't have to store them in Vaults.

[amishmanish]

Him and people like him view that wealth should be synonymous with privilege. That is a view they hold very dear because that is the anchor of their self-image and existence. Bitcoin does not recognize privilege and treats the privileged as well as a first generation coder equally. While that time has long passed when bitcoin made millionaires, bitcoin's mere existence as an alternative for a tech-savvy generation is a threat to their worldview, hence, the nastiness.

Yeah, but still the guy that has millions will be able to buy tons of bitcoins, and the one not affording a second meal a day will still be unable to buy anything and his destiny will be still the same. Bitcoin made a few of the first adopters crazy rich just as some got rich from oil or gold or cattle or anything else by being the first to establish a business or to finds that specific resource on his land.
And yeah wealth is a privilege, and bitcoin or fiat it will be like this forever, do you think that anything will be changed by bitcoin? Why?

I agree that the time has passed when bitcoin made millionaires. Wealth is a privilege commensurate to control. The person/group that has control over resources will command wealth over time. It has nothing to do with the entrepreneurial capacity of the individual as much of the capitalist world portrays it to be. The most important key to realize the potential of an individual's entrepreneurship is access to capital. I do believe that in a world where bitcoin gains huge value and it has patrons in an anonymous community of well-meaning individuals, this access to capital could open up investment avenues for people and parts of world which have been either historically ignored or plain exploited.

I have held this thought process since the time ICOs came to scene (and of course disappointed all of us). Unfortunately, we are constantly moving towards more regulation and transaction tracing. This is important for the current elites so the flow of capital can continue to be controlled. Bitcoin has the potential to change this. Or I should say, had.

[robattfield]

Definitely, it's like publicly pumping the market, he's one of the market influencers because he has a lot of followers and concerns about finance, not just own Peter that i see many other influencers are fomo bitcoin. If this were to happen with any project then people would start saying the hype and fomo again.

[nomenclatur]

it could be that Peter followers become more curious and they could just find out about bitcoin and buy it this will make bitcoin prices higher and cause more curiosity this will cause bitcoin price pump Peter unconsciously has spread bitcoin to these followers it will have a good impact on the price of bitcoin.

[sunsilk]

That's just the typical Peter Schiff. He knows a lot about bitcoin yet can't accept those facts that he knew. Luckily, his boy is smarter than him and can adopt the newest trend in digital assets. Whilst him still stuck in the traditional aspect of investments.

Why not he tries to attack and give his bias through those companies that just adopted bitcoin and showing interest that they'll use it in their platform in the future? It only shows how desperate of him but who knows? if this guy acts like Jamie Dimon.

[shoreno]

i think this was still a bad publicity because he scares people that are on btc and to those people that are going to try btc and i dont think that he will attack visa or paypal because both companies are not decentralized or crypto related but it looks like he was only allergic to btc .

since i already mentioned bad publicity i think paypal has also done this to btc , where they announce that they are going to support btc but people ended up complaining that they cant do this or cant do that .

[mich]

Yes I think he is helping Bitcoin to pump whenever he makes a post about it good or bad.

I just checked and he has 300K + twitter followers and there is a good chance that each time he tweets about Bitcoin, someone of them find interest and googles it.