one reason not to buy BitCoin

[xmrhopium]

An interesting but short read

https://www.youtube.com/watch?v=YguVue0lgxM

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

[Doan9269]

An interesting but short read

Did you just call that interesting, maybe you are yet to discover that we have two categories of people, the first one are the types that will be in support of bitcoin and always find means of encouraging others to benefit from the same opportunity they are enjoying from it, while the second one are the critics, they can only publish fake ideas and motions about bitcoin just to discourage others from adoption, that is why its important that we should not believe on everything e see online.

[ndutndut]

An interesting but short read

https://www.youtube.com/watch?v=YguVue0lgxM

Honestly, I'm not interested in watching that very long video because I already know what he wants to talk about, he keeps hating bitcoin and even badmouthing bitcoin because he is a gold trader. So watching what he talks about will be a waste of time, if you look at his history, he often badmouths bitcoin, meaning there is no point in watching him talk.

If I'm not mistaken, he also focuses on social media, even in the social media thread he created, he called bitcoin a national security threat because of its frequent misuse to bribe the government. He also even added that bitcoin is a form of waste of money. But I think he talks like that or keeps making aggressive statements like that just to seek sensation from the development of bitcoin. because in fact the price of bitcoin and the adoption of Bitcoin have contradicted his own statement. But whatever it is, just consider his statement as a laughing stock for us.

[uchegod-21]

anyway, the guy is a gold shill so I don't expect him to support or say anything good about bitcoin.

I don't know if he understands that he can be so into gold without criticizing BTC to push some of his wrong points, many bitcoiners even recommend that people diversify their funds into gold. In the video he was mad that the fed chairman called BTC digital gold, which is funny if you think about it, Peter Schiff can try all he wants to push his hatred for BTC to others, but i am sure anyone with even half of a brain would not take what he says about BTC seriously.

The best thing that happened to bitcoin is the decentralization and as such people are not that obsessed. People can promote bitcoin and as well as promote gold and other assets. In fact if you read the Bitcoin white paper, it is recommended to only invest what you can be able to lose. And that is an advice of diversification of portfolio and the investment. Put some part in Bitcoin, another ratio of your words can go to gold, real estate and more. So it doesn't make sense to see an obvious bitcoin antagonist and give him the attention he desire.
To me, I had thought that all bitcoin critics would be muted this time around that bitcoin had eventually made 100,000 but it seems that they are all unrepentant and they will keep pushing in vain

[coolcoinz]

An interesting but short read

Did you just call that interesting, maybe you are yet to discover that we have two categories of people, the first one are the types that will be in support of bitcoin and always find means of encouraging others to benefit from the same opportunity they are enjoying from it, while the second one are the critics, they can only publish fake ideas and motions about bitcoin just to discourage others from adoption, that is why its important that we should not believe on everything e see online.

He also called a 20 minute long video "short" and wrote bitcoin as "BitCoin" which alone should tell you a lot about the kind of person you're dealing with

Schiff is just sad, but his strategy is good. Talking shit about bitcoin put him in the news more than once, so why should he stop? It's good for business.
I honestly see no reasons not to buy bitcoin. If I had to think of one, you shouldn't buy it if you're poor and running out of money. Don't buy bitcoin with your last money, or when you have important expenses like debts to pay.

[Ever-young]

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

Peter Schiff Knows exactly what he's doing; he knows where Bitcoin is going, and he sees it as a threat to his business and wealth. He just doesn't want to admit to the fact that we have a season for everything. He should be lucky that everything has its place and Bitcoin is just doing Bitcoin. 
 
One of his angers is from how Bitcoin, which is not backed up by anything, can attain such heights. It's crazy to him, and as an economist, he doesn't believe in such theories. A long time ago, Bitcoin should have been dead, but seeing the currency still this active annoys him a lot.

[EBTC2014]

Peter totally knows he's wrong regarding BTC, but can't publicly back down now, having had such a consistently negative outlook on BTC for soooo long. A man with such extensive market knowledge and experience can't have watched the BTC market trend over the last decade, and not invested, (or at least hedged a bit,) into the fastest appreciating asset of all time, surely? It's likely he's been stacking sats for years, but will never admit it. Either that, or he's really not as bright as he makes out...

[Rabata]

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

Peter Schiff Knows exactly what he's doing; he knows where Bitcoin is going, and he sees it as a threat to his business and wealth. He just doesn't want to admit to the fact that we have a season for everything. He should be lucky that everything has its place and Bitcoin is just doing Bitcoin. 
 
One of his angers is from how Bitcoin, which is not backed up by anything, can attain such heights. It's crazy to him, and as an economist, he doesn't believe in such theories. A long time ago, Bitcoin should have been dead, but seeing the currency still this active annoys him a lot.

There are still many individuals who are reluctant to bring positive ideas about Bitcoin. They see that Bitcoin is gradually getting higher and higher. Some well-known individuals may feel shy to take it positively in public because they show themselves against Bitcoin, but the fact is that there are many individuals who show themselves as Bitcoin opponents in front of the public, but behind the scenes they are Bitcoin enthusiasts. Therefore, if you ignore those who make negative thoughts about Bitcoin and hold Bitcoin positively, then those investors will definitely be profitable in the long run. It is better to continue to save Bitcoin on a regular basis.

[NotATether]

That is Peter Sheriff, a bitcoin critic. I am not interested.

I guess his mind reset to factory settings after the USA presidential election.

[xmrhopium]

What I don't understand is how Peter Schiff does not see the fact that gold went from money (medium of exchange) to "store of value" and that Bitcoin is just doing the same thing (going from digital money to digital store of value) but with quicker & better. Either he does see it and simply does not want to say it (because of his bias towards gold) or he's just not paying attention to what is happening into the world or peter is fighting for his company and the gold industry
as a whole that clearly threatened by Bitcoin because of new store of value ?

One of his angers is from how Bitcoin, which is not backed up by anything, can attain such heights. It's crazy to him, and as an economist, he doesn't believe in such theories. A long time ago, Bitcoin should have been dead, but seeing the currency still this active annoys him a lot.

Many economic aspects were analysed by him seems correct such aspects like lets free from big government, high taxes, minimum wages, most social services and a useless bureaucracy but when it comes to his every bitcoin arguments he has wrong perception, what moreso bothers or has been hated by bitcoin community is being spoken about bitcoin as a doomsday since forever, and i don't think (or more exception i do have on) all the rich man will turn orange within certainty time frame.

[FortuneFollower]

That is Peter Sheriff, a bitcoin critic. I am not interested.

I guess his mind reset to factory settings after the USA presidential election.

That's the greatest analogy so far 

[Platinumys]

Investors invest in Bitcoin for all but one of two reasons. Nothing is self-sufficient you will have to take some risk. If an investor does not take this risk for investment then how can he expect to make a profit. Of course, risk has to be taken only then there will be a possibility of profit later but if money can be saved without taking risk then that money will never increase.

[reagansimms]

An interesting but short read

https://www.youtube.com/watch?v=YguVue0lgxM

My time is too valuable to watch videos like this.
He has previously called Bitcoin a "national security threat," Schiff's history is not free from criticism that continues to be leveled at Bitcoin, even though he continues to issue aggressive statements against Bitcoin, in fact the price and adoption of Bitcoin have defied his predictions. All Bitcoin supporters and investors are of course very entertained by his behavior because what he said does not correspond to the current facts.