Is Peter helping bitcoin pump?

[Tessnik]

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. Bad publicity is still publicity eh?

- https://twitter.com/PeterSchiff/status/1333441586282328067

Salty as he is, he even went on and attack press like CNBC for helping pump bitcoin with their coverage hehe.

- https://twitter.com/PeterSchiff/status/1333768915147755524

So who will be the next company that he'll attack? Visa? Paypal?

Atlist he recognized bitcoin taking share on some key industry that has the capacity to change the price and have large market capitalization which is doing well today. I believe his statement is going to attract more investors into bitcoin market.

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[Bttzed03]

That's just the typical Peter Schiff. He knows a lot about bitcoin yet can't accept those facts that he knew.

Which I find odd actually. Gold must be too boring now that he has a lot of time monitoring what's happening to bitcoin price and adoption.

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?

Maybe he's criticizing them indirectly. He's also tweeting about Grayscale but not the institutional investors partnered with it.


On another note, here's one reason why he's fuming against CNBC:

In an interview with CNBC, BlackRock CIO says ‘Bitcoin will take the place of gold to a large extent' (video)

In a seprate interview, Blackrock CEO says:

Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small relative to other markets.

Can it evolve into a global market? Possibly.

[Sterbens]

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.

You are right
it is not appropriate to stamp bitcoin on individuals. because I think it's time for bitcoin to take off. There is no guarantee whatsoever about tweets from Peter or his fans. this is ridiculous

[Lordhermes]

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.

What causes popularity of something is hates, peter might have hated bitcoin because his gold is not giving him enough profits expected, making him to blast or jealous bitcoin holders, invariably he is telling his followers that bitcoin is a perfect coin to hodl, there are numerous number of people still not understanding how bitcoin and transaction works, so this in turn will let them Google about it and and start having little knowledge about bitcoin.

[xSkylarx]

What causes popularity of something is hates, peter might have hated bitcoin because his gold is not giving him enough profits expected, making him to blast or jealous bitcoin holders, invariably he is telling his followers that bitcoin is a perfect coin to hodl, there are numerous number of people still not understanding how bitcoin and transaction works, so this in turn will let them Google about it and and start having little knowledge about bitcoin.

I don't know him but if he has a large number of followers then even if he hate or love it, people will get curious on what he is saying. This can be good if those people will understand bitcoin well. But if some will only know it because of its huge price now then this can be bad in the long run. People must know the volatility 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.

Which I find odd actually. Gold must be too boring now that he has a lot of time monitoring what's happening to bitcoin price and adoption.

Yeah. Because bitcoin is in a bullish trend, he just can't help himself but also look closely into it. He's always like that, a lot of time dedicating to bitcoin, and keeps telling negative things as if many would believe him yet can't even stop his son from buying bitcoin.

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?

Maybe he's criticizing them indirectly. He's also tweeting about Grayscale but not the institutional investors partnered with it.

Or he has a sort of attachment to those company and that's what he does. He can't voice out to them directly because there could be some conflicts between him and those companies, I don't know I'm just also speculating.

[lixer]

Uuhm people don’t really care much about what he has to say about crypto (bitcoin). Although in some ways I know that what he’s doing will make some of his followers to be kind of interested in Bitcoin, they would be curious to research about it after they have seen him post about it a lot of times, and some of them will eventually get interested and will invest in it, although since they are likely just individuals it’s not going to have any much impact in the price, unless they are some big institution or a very rich guy with some big bags to throw in.

[Betwrong]

~
Salty as he is, he even went on and attack press like CNBC for helping pump bitcoin with their coverage hehe.

- https://twitter.com/PeterSchiff/status/1333768915147755524

As a wise man once said: “First they ignore you, then they laugh at you, then they fight you, then you win.”

After reading statements full of hate made by people like Peter Schiff, it might seem that Bitcoin now is still in the "they fight you" phase. But, no, this stage is over, and haters are just living in the past. Bitcoin is winning already.

[el kaka22]

I believe very old people should stay away from crytpo as a whole. Look at warren buffet as well, he has been asked about crypto a million times and he always said he doesn't like it as well. So, very old people have one thing in their mind when they are investing and that is "value based on something" which is usually called intrinsic value and bitcoin doesn't have it.

Bitcoin is not tied to anything, but the reality is that bitcoin is a currency and not a stock, gold or anything like that, which means it is more like dollar/euro instead of like gold. And dollar is not based on anything neither, governments print it, and people usually decide what things worth themselves, so the value is given by the people and that same thing goes for bitcoin as well. They do not understand this part of the equation.

[goldade]

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. Bad publicity is still publicity eh?

- https://twitter.com/PeterSchiff/status/1333441586282328067

Salty as he is, he even went on and attack press like CNBC for helping pump bitcoin with their coverage hehe.

- https://twitter.com/PeterSchiff/status/1333768915147755524

So who will be the next company that he'll attack? Visa? Paypal?

Peter Schiff is one person every bitcoin user should praise for his work of evangelizing bitcoin even though he believes he's doing the opposite.
Just like OP mentioned, bad publicity is still publicity. I am certain that there are quite a lot of people who only got to know about Bitcoin through Peter. I also know Humans are rather curious and love to see things for themselves. I am sure there are a few, if not many, who are now bitcoin users simply because of Peter.
I'd say we leave him to his evangelism of bitcoin and just bask in the result he's giving the crypto community

[coolcoinz]

All publicity is good publicity.
If Peter was at least right, but he's making a fool of himself. He said Bitcoin is worthless and it pumped 50%. He told people not to buy it and by doing it he denied them huge profits.
His followers aren't dumb and they see the market is proving him wrong. Also, they constantly see him say bitcoin this bitcoin that, so bitcoin must be an important part of his life.

[Traderbtcc]

From what have heard about this guy he's quite obsessed with bitcoin, and he has dedicated his time to say bad stuffs about bitcoin , always telling his followers bad reasons not to invest in bitcoin, i also heard he warned his son not to invest in bitcoin, but his son disobeyed and still went ahead to invest more in bitcoin  , to show that even his own son doesn't take him serious at all, honestly speaking the market doesn't care what is Peter schiff opinion about bitcoin, no one controls the market,so we can only thank him for keeping the bitcoin BTC tag trending .

[cryptoboss2020]

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. Bad publicity is still publicity eh?

- https://twitter.com/PeterSchiff/status/1333441586282328067

Salty as he is, he even went on and attack press like CNBC for helping pump bitcoin with their coverage hehe.

- https://twitter.com/PeterSchiff/status/1333768915147755524

So who will be the next company that he'll attack? Visa? Paypal?

just a businessmen and getting payed for his opinion they all are just well payed shills nothing else.

we are on the stage when rich will get the assets and money on their hands now before the whole world regiem will be changed so dont be fooled now and you will cry later

[Twentyonepaylots]

Peter is just a figure that influence the masses to gain attraction for bitcoin, is he helping? I guess so, but it isn't a direct and we will not know if he really does coz we can't see it aside from the price of bitcoin getting pump, but if you think the price of bitcoin from early years is pumping without his opinion being read by crypto enthusiasts. I also even think that Craig is doing it better, imagine his mouth blabbing everything about crypto and gets people think that it is getting stronger each time he opens his mouth.

[Inkdatar]

To be honest this is the first time I have known his name even I'm always using a social media. Everyone can express their opinion about bitcoin so let him be. Without others shilling post about crypto imo bitcoin pump and gains massive adoptions. So when he makes noise about bitcoin it could entice people to be involved and can gains interest to what bitcoin can offer to people.

[gentlemand]

Good old Streisand effect.

I can't believe he's being this stupid as his audience is the most natural possible fit for Bitcoin. Once they get past their lump of metal feelings they will discover it does many of the same things and some of them better.

Every gripe of his has them checking the price, and it's history, and wondering why their paperweight isn't doing the same. If he was truly committed to his cause he wouldn't mention BTC - ever.

[magneto]

Doubt it. Any influence that Schiff has over BTC would have been priced in a long time ago anyway. Him maintaining his past stance on BTC as some sort of con job has become what the market is expecting on a daily basis.

Most precious metals stackers are already aware of bitcoin anyway to the best of my knowledge, and there is a great proportion of that community that is open to the idea of BTC.

Schiff has a history of gold bugging and hyping up PMs for absolutely no reason, advising people to buy regardless of market cycles or conditions. Pretty much everyone knows his personal interest in SchiffGold and the lucrative spreads and commissions he earns from sales anyhow. It's best to ignore this guy, he doesn't have a lot of influence either way and is as hypocritical as ever.

[culuuton]

An individual's influence is limited, he doesn't have too much influence on the market even though he has an appeal to the community. On his offensive views, many people will find bitcoin more interesting.

[ethereumhunter]

To be honest this is the first time I have known his name even I'm always using a social media. Everyone can express their opinion about bitcoin so let him be. Without others shilling post about crypto imo bitcoin pump and gains massive adoptions. So when he makes noise about bitcoin it could entice people to be involved and can gains interest to what bitcoin can offer to people.

Many more will express their opinion about bitcoin, especially for people who don't like bitcoin. They will say bad about bitcoin, but on another side, many people still believe pump and waiting for the mass adoption that is still going on. We don't have to listen to people who say bad about bitcoin because we believe that bitcoin will reach more people out there because they will see that bitcoin can help them make money.

[so98nn]

Wait what ? I tried reading the tweet twice but it seems it's just mumble jumble of what is said initially and at the end?
If bitcoin is not getting driven by direct investment then they are getting pushed further with gambling, casinos, lotteries.

That's the same thing man? Either way the money is getting invested into bitcoin which is the only important aspect here. Whales are surely not stupid enough to dump the bitcoin load because they are investors first and then whales.

If money is getting invested in gambling to lotteries then beat this - "it's whales only". Lolz. We all are just tiny fish grabbing piece of the same.