Has anyone else been noticing that Schiff's been talking about more and more hypotheses involving Bitcoin and the government? He may be a bear and easy to meme on, but I have to admit I have not heard of a lot of these new suggestions before.
Finally Schiff's estimate is going to be falsified soon to hit $100k. Actually I am new and to the forum and it was beyond my imagination that I would see the desired moment so soon. Good luck BTC. 
Topic: A long time ago, Peter Schiff said this... (Read 272 times)
Four years ago, he thought that Bitcoin would never hit $100K.
Some guy actually saved his tweet and had it ready for him in response when he was writing about how Bitcoin could be used in social security:
There where alot of people who had no positive vision about bitcoin. Nick Allen was one of the people who thought bitcoin would amount to nothing or less. I came across the tweet of Nick Allen saying bitcoin down to $2.70 a pop. so glad I didn't buy in on that mess meaning he also doubted bitcoin during 2011. I guess he will be regretting by now. Some guy actually saved his tweet and had it ready for him in response when he was writing about how Bitcoin could be used in social security:
Yeah, but do imagine, even an optimistic guy might say the same. I am.
I thought Bitcoin would stay intact at a price like $50k and stay there for a long time. I mean, that's a lot of money for just 1 Bitcoin and I can say every investor at the early age would be satisfied with it.
But that's not how everything ends up which means he is wrong. Still, we cannot take out the doubts that is lurking in the shadows that Bitcoin might be stuck in this value. We just entered an ATH but it doesn't mean it will end that way. But, there are those who things that it's the roof of Bitcoin and it might not even go way far beyond that.
Are we to blame those who are pessimistic about it? I don't.
I thought Bitcoin would stay intact at a price like $50k and stay there for a long time. I mean, that's a lot of money for just 1 Bitcoin and I can say every investor at the early age would be satisfied with it.
But that's not how everything ends up which means he is wrong. Still, we cannot take out the doubts that is lurking in the shadows that Bitcoin might be stuck in this value. We just entered an ATH but it doesn't mean it will end that way. But, there are those who things that it's the roof of Bitcoin and it might not even go way far beyond that.
Are we to blame those who are pessimistic about it? I don't.
At least Peter Schiff admit if he was wrong, not many so called speculators can do that.
But, it seems that he's not a Bitcoiner yet, I haven't heard he bought Bitcoin. Unlike Michael Saylor, from Bitcoin naysayer to Bitcoin yeasayer.
Unfortunately, the rose of Bitcoin price to $90K, instead of making people to buy Bitcoin now, many people actually think Bitcoin now overpriced. Public perspective still not changed yet, not like gold price drop, it make people to accumulate more.
But, it seems that he's not a Bitcoiner yet, I haven't heard he bought Bitcoin. Unlike Michael Saylor, from Bitcoin naysayer to Bitcoin yeasayer.
Unfortunately, the rose of Bitcoin price to $90K, instead of making people to buy Bitcoin now, many people actually think Bitcoin now overpriced. Public perspective still not changed yet, not like gold price drop, it make people to accumulate more.
to be fair some influential figure hates Bitcoin so much back then, it's kinda understandable, sometime people are afraid of change.
but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
That's how some influential figures who are still skeptical of bitcoin still have thick facial skin so there is no shame in stating bitcoin is meaningless even though it is approaching $100K.but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
Or they are going to attack Bitcoin no matter what happens, whether bear or bull run, this kind of personalities will have to talk negative about it. And even if they are proven wrong, they will not accept it. And that's how it is, sometimes I think that's how it fuel the market though, with this anti-Bitcoin sentiments.
Especially now that the US government supports bitcoin, it will be even hotter to see some policies that are positive for bitcoin while figures who hate bitcoin will continue to babble about it, maybe in their hearts they regret not investing. Lol
Maybe we can turn some none believers into investors, or maybe some of them are quietly buying ever since and have a bag full of BTC already. But for those, yeah, they might have regretting their decisions but they don't want to change their stance.
to be fair some influential figure hates Bitcoin so much back then, it's kinda understandable, sometime people are afraid of change.
but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
That's how some influential figures who are still skeptical of bitcoin still have thick facial skin so there is no shame in stating bitcoin is meaningless even though it is approaching $100K.but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
Especially now that the US government supports bitcoin, it will be even hotter to see some policies that are positive for bitcoin while figures who hate bitcoin will continue to babble about it, maybe in their hearts they regret not investing. Lol
The thing with all these people who used to speak ill about Bitcoin is that they always find a way to remain relevant even when they talk thrash about the coin. For now, his stance on Bitcoin being a bubble that would soon burst is still strong but it just takes a matter of time till he changes his opinion.
Many people before him have prophesied that Bitcoin would amount to nothing but we're seeing how far it's progressing. People will listen to him because of his status in the society and how big of an investor he is but it doesn't matter because is beating all odds. Soon enough he'd eat his words, no doubt.
Many people before him have prophesied that Bitcoin would amount to nothing but we're seeing how far it's progressing. People will listen to him because of his status in the society and how big of an investor he is but it doesn't matter because is beating all odds. Soon enough he'd eat his words, no doubt.
He was wrong and he should admit that, $100k is nothing for Bitcoin, it's going to reach $1M, $5M, $10M, and beyond that. Bitcoin is not going to rest at $100k and Peter should read this post that one day Bitcoin will surely cross $1M and that day isn't far.
Once an anti-Bitcoin will remain an anti-Bitcoin... or I guess not for some but for Peter Schiff, he will stand on what he knows is right and will remain an anti-Bitcoin until he realizes that he's wrong and will soon follow what most of us are doing - supporting Bitcoin.Of course, he will not admit that he's wrong and I hope that one day, when Bitcoin reaches $100,000, we all send a picture of this to him whenever he makes a tweet on his X account. I doubt that he will change his stance with regards to Bitcoin TBH, and I believe that for the rest of his life, he will remain as an anti-Bitcoin.
He never tires of making a fool of himself, it seems. I sometimes watch his videos because he actually has a good understanding of how markets work and factors like inflation. Not for nothing is he a multi-millionaire due to his investments, but he persists time and again in his error. At this rate we will get to $5M a coin when he is 89 and still from the nursing home he will continue to insist is that bitcoins are like tulips.
Schiff is bearish on the dollar so the price for any asset can be extremely high. A decade ago he would have been able to include that in his world view but didnt say it. BTC outperformed the Dollar hence the price rose, its not even that contradictory to his general views.
More then anything his take is the collapse of the dollar, so he should always been more positive on BTC then he has been. Not saying a supporter but not full negative, his son is more positive afaik.
More then anything his take is the collapse of the dollar, so he should always been more positive on BTC then he has been. Not saying a supporter but not full negative, his son is more positive afaik.
You should read more carefuly his other tweets, it was a joke actually, I don't think it would be serious to believe he was really thinking that a country like US could make a kind of Ponzi scheme with BTC in order to fix Social Security despite tirelessly repeating that Bitcoin is just a speculative bubble that will burst very soon and it's less risky to gamble your money at casino.
He made those tweets right after the initial one quoted in OP actually
He made those tweets right after the initial one quoted in OP actually
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I wonder how many of the over 5K people who liked this post did so because they actually liked the idea, or because they appreciated the sarcasm and had a good laugh.
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Either crypto "journalist" Ronny Mugend doesn't understand sarcasm, or he is deliberately misleading the public into thinking that my remarks should be taken seriously. It's more likely the latter, as that's how Bitcoin pumpers roll.
He may be a bear and easy to meme on, but I have to admit I have not heard of a lot of these new suggestions before.
Yes, Peter Schiff, is indeed stubborn, he has recently criticized Bitcoin again and he also opposes statements made by Donald Trump and also Michael, the speculation stated by Schiff is always negative towards Bitcoin policy.For example:
As we know, Trump in his speech stated and proposed how to get the US to buy Bitcoin to reduce debt, that was Trump's statement in his campaign speech.
1. Schiff speculates.
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Schiff strongly opposed the proposal. He argued that purchasing $70 billion worth of Bitcoin would increase the national debt burden. He also questioned how the US would sell Bitcoin in the future to pay off debt.
2. Schiff speculates.
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Schiff reminded that Bitcoin had experienced a decline in value of up to 99%. He is worried that investors who have never sold Bitcoin will suffer huge losses if the price of Bitcoin falls again.
Two suggestions that Schiff makes that I think are against Bitcoin policy.
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One thing I understand in the cryptog space is that some people will definitely say all manner of things about a coin or token that they don't like. Some will criticize any coin they don't like but people who really like the coin will want to defend it.
The thing is that Bitcoin have already surprised a lot of them and I love the fact that Schiff said he made a wrong call, now he realized his mess up. 4 years ago, if he had bought like 5 or 10 Bitcoin at $19k, he would know how far by now.
The thing is that Bitcoin have already surprised a lot of them and I love the fact that Schiff said he made a wrong call, now he realized his mess up. 4 years ago, if he had bought like 5 or 10 Bitcoin at $19k, he would know how far by now.
to be fair some influential figure hates Bitcoin so much back then, it's kinda understandable, sometime people are afraid of change.
but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
but it always feels good knowing that bitcoin could prove them wrong, with widespread adoption like this, I doubt people can afford to stand on their outdated opinion.
eventually people will come to understand that the emergence of bitcoin, is much like the emergence of internet, at first people are doubtful but they'll get used to it.
Four years ago, he thought that Bitcoin would never hit $100K.
Some guy actually saved his tweet and had it ready for him in response when he was writing about how Bitcoin could be used in social security:
That reply is a character development, I guess he's done with hiding his true intent why does he keep on telling the public that he's a Bitcoin hater?Some guy actually saved his tweet and had it ready for him in response when he was writing about how Bitcoin could be used in social security:
Has anyone else been noticing that Schiff's been talking about more and more hypotheses involving Bitcoin and the government? He may be a bear and easy to meme on, but I have to admit I have not heard of a lot of these new suggestions before.
It won't be surprising if he changes his narrative towards his Bitcoin. His son is a holder as well, IIRC. I think his moves are like Jamie Dimon and his JP Morgan chase company. So, they send negativity to the community and have it published but they were secretly in accumulation. 
Has anyone else been noticing that Schiff's been talking about more and more hypotheses involving Bitcoin and the government? He may be a bear and easy to meme on, but I have to admit I have not heard of a lot of these new suggestions before.
Here is merely copying/repeating the socio-political and socio-economic hypothesis/theories about Bitcoin that some of the most intelligent Bitcoiners have said during its early days.
It's either that, OR, he perhaps is actually learning more and MORE about the technical side of things about Bitcoin - WHICH would make him start to have shower-thoughts about its economic and political effects on society.
I am carried away by one of his post , the Trump government promised to establish along side Bitcoin, if they should by chance begin to purchase huge amounts of profits then we surely will experience further price increases which might be a big problem considering that investors will get badly tempted and begin to sell off and this will automatically drop the price of Bitcoin. According to @Peter Schiff's 1 million worth of Bitcoin is huge enough to shift the market, this purchases should be done strategically and over time in other to keep the market running instead of picking on a lump sum purchase, that will tragically affect the market later on. I think if we cross $150K in a rush, many investors will get tempted.
It's either that, OR, he perhaps is actually learning more and MORE about the technical side of things about Bitcoin - WHICH would make him start to have shower-thoughts about its economic and political effects on society.
That man knows a lot about bitcoin. I believe he has the knowledge to know what bitcoin is and he is not too old like Warren Buffett. But the old assets and fiat system have been been the way he made his money and decided to let it be like that. But the way he criticized bitcoin is like a blind man telling people that he can see visually. He forgot that we can not see love and a lot of things in life but they are real. Thinking only what is physical has value but bitcoin proved him wrong completely. He was wrong and he should admit that, $100k is nothing for Bitcoin, it's going to reach $1M, $5M, $10M, and beyond that. Bitcoin is not going to rest at $100k and Peter should read this post that one day Bitcoin will surely cross $1M and that day isn't far.
Isn't that person a gold lover? I guess he bet all in gold, also a stub-born who thought federal reserve will lead us. Have seen many of his video/news on social platforms yelling at bitcoin having no future with a pure ponzi scheme at previous. Now what, news tweeted on Nov 12 about would have bought bitcoin at when the price was 1 dollar never thought will bubble like this as of now while bitcoin price is about to reach 100k within this week mighty, and instead buying sadly this anti-bitcoiner will still keep posting in his Twitter when bitcoin price keeps adding another 0 in back and still gonna post "thought would have bought orange looking coin when it was just a 100k...".
He was wrong and he should admit that, $100k is nothing for Bitcoin, it's going to reach $1M, $5M, $10M, and beyond that. Bitcoin is not going to rest at $100k and Peter should read this post that one day Bitcoin will surely cross $1M and that day isn't far.
Has anyone else been noticing that Schiff's been talking about more and more hypotheses involving Bitcoin and the government? He may be a bear and easy to meme on, but I have to admit I have not heard of a lot of these new suggestions before.
It's not just Peter who has been saying those stuff. Most of the people in the finance business usually link the unusual things happening in society to the government being the party behind it.
It's not even unusual anymore. The government can even take down the Bitcoin website long before it has a market but why leave it as is until it has grown this big? I think I heard this from Peter as well or from Ray Dalio.
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