Cooked up stories against Bitcoin.

[betswift]

Are there people like this still existing?

Yes, a ton of them. Not admitting their mistakes but likes to critic a lot and not looking at their own faults when things did go wrong on them.

One word - pride. That's what making some people not moving forward and not acknowledging what they may do wrong.
And without working with yourself, that may very well lead to consequences worse than that.

[Kelward]

There's not enough information about Peter Schiff's wallet. Was it a hot wallet or a cold wallet?
Maybe someone gained access to his wallet and changed his password. Claiming that a crypto wallet could "forget a password" only shows that Schiff isn't a particularly tech savvy guy. I'm been using crypto wallets in the last 10 years and I've never had any problems with a wallet "forgetting" a password. I know that it kinda sucks to be fully responsible for your crypto. When you make a mistake, it's your fault and there's nobody else to be blamed.

If what he said about not accessing his wallet with his original password is true, that means that the password was definitely compromised. Somebody must have gained access to his password and changed it to further fuel his disdain for Bitcoin. This is the first time I'm hearing about a wallet rejecting password and that means the probability of his claim to be true is very low because I don't think that there has been such a claim aside from his. His skeptic opinions about Bitcoin makes his claims to sound more unbelievable. I wouldn't take the accusations of somebody that doesn't see any good in Bitcoin seriously if he's condemning something related to it that has not been faulted before.

[Reatim]

If what he said about not accessing his wallet with his original password is true, that means that the password was definitely compromised. Somebody must have gained access to his password and changed it to further fuel his disdain for Bitcoin. This is the first time I'm hearing about a wallet rejecting password and that means the probability of his claim to be true is very low because I don't think that there has been such a claim aside from his.

i do not know what wallet he is talking about but aren't all wallets have something that allows the user to change their passwords via code sent either in email or in mobile number and if it is not a centralized wallet i am sure he is given a seed phrase in which he was the one who probably irresponsibly forgot it

His skeptic opinions about Bitcoin makes his claims to sound more unbelievable. I wouldn't take the accusations of somebody that doesn't see any good in Bitcoin seriously if he's condemning something related to it that has not been faulted before.

this clearly is to show that yes he tried bitcoin and that it isn't for him because of this complaint but there is a possibility that he never even had bought bitcoin and is just making up stories to make himself seem like an open minded person who critiques bitcoin objectively when the truth is he can't get pass his own ways so he needs to make bitcoin look bad and him make look good

[knowngunman]

‘His wallet forgot his password’ Now that’s something truly hilarious. How do machines or programs forget? How did he come to terms with this resolution! I imagine that people who come to invest in Bitcoin should at least be learned with the least about technology and how it works. For something as simple as passwords and with Bitcoin/Bitcoin wallets, seed phrases.

This is a person that has way too many passwords and possibly have altered one to keep it discrete from the rest but tends to forget what it was and as security would have it, all incorrect attempts would always remain incorrect. Funny he blames that on Bitcoin and machines.

You really take him and the story serious? I wish people can just ignore the critics for good henceforth.

Bitcoin doesn't need to be defended at this stage. Even the blinds should be able to tell by now whether it's worthy of time to study and investment. Peter and other critics are just seeking for public attention to discredit Bitcoin but aren't successful after several attempts and failure. You don't even need password to access your bitcoin as long as you have your private keys secured. It's normal to forget your password but it's very abnormal to claim forgetting your password make Bitcoin a bad idea. He can abandon the wallet which he forgot the password and import the private key to another wallet, it is as simple as that.

[fikrett]

You really take him and the story serious? I wish people can just ignore the critics for good henceforth.

Bitcoin doesn't need to be defended at this stage. Even the blinds should be able to tell by now whether it's worthy of time to study and investment. Peter and other critics are just seeking for public attention to discredit Bitcoin but aren't successful after several attempts and failure. You don't even need password to access your bitcoin as long as you have your private keys secured. It's normal to forget your password but it's very abnormal to claim forgetting your password make Bitcoin a bad idea. He can abandon the wallet which he forgot the password and import the private key to another wallet, it is as simple as that.

He probably just forgot the info he needed to - and thus, just like with many things in crypto, not his keys / password - not his coins 
Clearly, people like that are dependent on systems to take care of their security and passwords / etc.

[tabas]

Are there people like this still existing?

Yes, a ton of them. Not admitting their mistakes but likes to critic a lot and not looking at their own faults when things did go wrong on them.

One word - pride. That's what making some people not moving forward and not acknowledging what they may do wrong.
And without working with yourself, that may very well lead to consequences worse than that.

Maybe that's their pride and they cannot accept the reality of Bitcoin. People like Peter do have something on their mind that keeps rolling on and that's not with Bitcoin. So, instead of accepting the reality that Bitcoin is becoming bigger and it looks unstoppable, he's there trying to criticize everything about Bitcoin. Unlike his son, he has bought Bitcoin and believes on it and maybe he's being lectured by him then.

[tottong]

Maybe that's their pride and they cannot accept the reality of Bitcoin. People like Peter do have something on their mind that keeps rolling on and that's not with Bitcoin. So, instead of accepting the reality that Bitcoin is becoming bigger and it looks unstoppable, he's there trying to criticize everything about Bitcoin. Unlike his son, he has bought Bitcoin and believes on it and maybe he's being lectured by him then.

I don't know him and maybe rarely follow what he says on social media or elsewhere, but what he did is against the facts that happened and what confuses us is that someone as smart as him doesn't have a more positive narrative about bitcoin that can be found in history everywhere.
If criticizing everything about bitcoin could provide financial benefits for him, it might have been a job and it would make much more sense to do, but if the criticism is only affiliated with the stage of not liking it is stupid.

How could he not be open to seeing his son has bought bitcoin and if he is against it why his son is so close to bitcoin.
It's confusing and seems made up with unreasonable reasons, even though we know that there are also many people out there who are strongly against bitcoin.

[Stablexcoin]

There's not enough information about Peter Schiff's wallet. Was it a hot wallet or a cold wallet?
Maybe someone gained access to his wallet and changed his password. Claiming that a crypto wallet could "forget a password" only shows that Schiff isn't a particularly tech savvy guy. I'm been using crypto wallets in the last 10 years and I've never had any problems with a wallet "forgetting" a password. I know that it kinda sucks to be fully responsible for your crypto. When you make a mistake, it's your fault and there's nobody else to be blamed.

If what he said about not accessing his wallet with his original password is true, that means that the password was definitely compromised. Somebody must have gained access to his password and changed it to further fuel his disdain for Bitcoin. This is the first time I'm hearing about a wallet rejecting password and that means the probability of his claim to be true is very low because I don't think that there has been such a claim aside from his. His skeptic opinions about Bitcoin makes his claims to sound more unbelievable. I wouldn't take the accusations of somebody that doesn't see any good in Bitcoin seriously if he's condemning something related to it that has not been faulted before.

If this is the case then it is very relatable that our wallet can be compromised and if that's the case he should have just come clean to say that. And that is as a result of his carelessness or at that early stage he did not take security as a priority. I get to understand that many persons were too reluctant on security when Bitcoin was still low in price. The moment it starts gaining significantly we get to see more and more ways to secure our wallet from theft or misplacing our private keys.

[test2026]

Because of people like him, I believe that not everyone should use Bitcoin and crypto.

If you are storing money as crypto, you should first aware yourself about the basics like where to store safely. What information you will need to access the bitcoins in future has also to be kept safely with you. You cannot just impose own fault to the technicalities involved with crypto.

[Natalim]

Peter Schiff is a CEO and a Chief Global Strategies of Euro Pacific Capital, and most of all an antagonist on bitcoin. He never speaks positive things about bitcoin but all are unjustified criticisms which give us a doubt if he’s actually making a prediction or he’s just fond of creating FUD or hype that will only lead and create confusion to the people, most particularly those new enthusiasts of bitcoin and cryptocurrencies.

[tabas]

Maybe that's their pride and they cannot accept the reality of Bitcoin. People like Peter do have something on their mind that keeps rolling on and that's not with Bitcoin. So, instead of accepting the reality that Bitcoin is becoming bigger and it looks unstoppable, he's there trying to criticize everything about Bitcoin. Unlike his son, he has bought Bitcoin and believes on it and maybe he's being lectured by him then.

I don't know him and maybe rarely follow what he says on social media or elsewhere, but what he did is against the facts that happened and what confuses us is that someone as smart as him doesn't have a more positive narrative about bitcoin that can be found in history everywhere.
If criticizing everything about bitcoin could provide financial benefits for him, it might have been a job and it would make much more sense to do, but if the criticism is only affiliated with the stage of not liking it is stupid.

He's been there even before the bull run for 2024-2025 and even on 2021, he's been there too saying hateful things about Bitcoin. Let us give him the thought that he's smart and successful based on his career and the wealth that he's got. But that doesn't mean that it should be a pass for him to tell things that just used to be criticism about Bitcoin. Well, can't help on that and since this is a free market, everyone also can say things freely.

How could he not be open to seeing his son has bought bitcoin and if he is against it why his son is so close to bitcoin.
It's confusing and seems made up with unreasonable reasons, even though we know that there are also many people out there who are strongly against bitcoin.

He is his son but it doesn't mean that they cannot have different interest. So, whatever Peter is on, his son could also have some interest on other things he dislike.

[Synchronice]

This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.

He is stupid or at least tries to make sure that he is. It's impossible for wallet to forgot your password, wallet, computer and programming is not a human brain to create something out of nothing. It's impossible if your wallet is satoshi123 to become satshi12.
Bitcoin is not a bad idea, it solves many problems well but Bitcoin is not for inattentive people, it doesn't forgive mistakes, this is one of its biggest pros for man people but it's also a negative experience for people like him. If he is not a person who can take responsibilities of their own actions, then yes, for him exclusively, Bitcoin is a bad idea. How bad it is, depends on how bad he is.

Can we stop making Peter Schiff more popular in a BTC forum

Do we make him popular in a positive way? I think we are making him popular in a way that more people understand how dumb he is.

[tottong]

He's been there even before the bull run for 2024-2025 and even on 2021, he's been there too saying hateful things about Bitcoin. Let us give him the thought that he's smart and successful based on his career and the wealth that he's got. But that doesn't mean that it should be a pass for him to tell things that just used to be criticism about Bitcoin. Well, can't help on that and since this is a free market, everyone also can say things freely.

Everyone has a different view of seeing a problem and maybe that's something that's common, but when smart people are unable to see things based on facts then it shows a different side.
In any theory if referenced maybe we won't find anything subjective about the journey of bitcoin because in terms of data and facts we can see it historically.
What is behind him hating bitcoin because the habit of hatred arises because of several factors that occur and entirely because of the losses that may result in him hating.
It would be interesting to get concrete information from him and why bitcoin is something he hates if it doesn't have a bad effect on him.

He is his son but it doesn't mean that they cannot have different interest. So, whatever Peter is on, his son could also have some interest on other things he dislike.

Of course he can but he should have thought that a child who is his own education can be contrary to his way of thinking so that the question arises that may have to be answered why is that.
Regardless of how they finally come to a conclusion but that much gives an idea of his uncritical thinking pattern.

[ThemePen]

Peter Schiff is well known critic of Bitcoin and has made many negative comments about it. As CEO of Euro Pacific Capital Schiff is financial expert but his views on Bitcoin is always negative. Some people think his criticisms are unfair and others believe he is just sharing his expert opinion. But Schiff was wrong about Bitcoin future before and his predictions have not always come true. Schiff does not like Bitcoin because he prefers traditional investments like gold.By the way he has correctly predicted some financial crises like 2008 housing market collapse. But this is not showing that he will be right every time. We should make informed decisions about Bitcoin by our own and we should not look on them.

[hero_the_bossman]

Peter Schiff is well known critic of Bitcoin and has made many negative comments about it. As CEO of Euro Pacific Capital Schiff is financial expert but his views on Bitcoin is always negative. Some people think his criticisms are unfair and others believe he is just sharing his expert opinion. But Schiff was wrong about Bitcoin future before and his predictions have not always come true. Schiff does not like Bitcoin because he prefers traditional investments like gold.By the way he has correctly predicted some financial crises like 2008 housing market collapse. But this is not showing that he will be right every time. We should make informed decisions about Bitcoin by our own and we should not look on them.

Oldies are going to be skeptical of Bitcoin, and that's normal, in my opinion.
They are seeing something new, and they are not acknowledging that they need that "something new" to do what they do already, so they dismiss it or hate it.

[saul01]

I was scrolling through X this evening and i came across about the story of Peter Schiff a Bitcoin influencer on X. Though its an old story i only want to understand how possible for a wallet to forget a user password.

In my understanding i think he forgot his password yet he still insist he never did. That was how he lost his entire Bitcoins.

This was his last statement - " I knew owning Bitcoin was a bad idea, I just never realized it was this bad!" . And i fully disagree with him him.

In the end i noticed he was an economist, a Bitcoin critic and a gold maximalist. drive zone online unlimited money

Are there people like this still existing?

https://talkimg.com/images/2025/01/14/OWk0P.png

Full story here

Yes, people like Peter Schiff still exist—critics who prefer traditional investments over Bitcoin, often emphasizing its risks. Forgetting a wallet password is user error, not Bitcoin's fault. Proper password management is vital for secure cryptocurrency storage.

[Zigabel]

This obviously sounded like a product of the frustration of forgetting his password that has led to him saying all of this because i believe the profitability in bitcoin isn't one that will make one want to think that way but then again its really sad having to loose your password to the point where you are unable to recover it, that alone in itself could be so frustrating that one may be made to think that it was a bad idea investing but then if they hadn't forgotten the password, maybe they would have been able to see the brighter side of things.