Topic: Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff (Read 571 times)
We already seen in this bull run even the major exchange Hack doesnt effect crypto bull run . Bitcoin already passed 8000$ + form its lowest below 3800$ . If binance hack only doesnt effect then no others word also effects for sure.
They could say what they want but it wouldn't matter anymore.
We have experience it before so many rants so many negative things about crypto but look at us now,
Bitcoin is still alive and still pumping up .
I remember reading a thread back before about bitcoin being a bubble that would just pop out .
I think the one who says it are still waiting for it to happen .
We have experience it before so many rants so many negative things about crypto but look at us now,
Bitcoin is still alive and still pumping up .
I remember reading a thread back before about bitcoin being a bubble that would just pop out .
I think the one who says it are still waiting for it to happen .
Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid user base and a clear path ahead now.
When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the time and hence they are doing so and if it was a few years back the movement would have stopped if there was any FUD news but not anymore, the market has grown to a point that these sort of silly rants wont pull the market down, if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.It's not entirely FUD. Someone has a point when he or she says that "Bitcoin is a Ponzi", because Bitcoin really was a "naturally-occuring Ponzi" the same way gold was a "naturally-occuring Ponzi". As people learning about Bitcoin, we should accept that.
-snip-
When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the timeProbably. It seems to me like a lot of them (the high profile ones who people actually talk about) won't benefit from any additional publicity from bashing Bitcoin, but I'm sure they know how to utilize publicity more than I do.
if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.
I'm sure it would have had a much bigger impact if more coins were stolen. For a massive exchange like Binance, the amount stolen likely amounted to peanuts. User funds weren't even affected. The one I'm more confused about is all the bad publicity regarding Tether. I expected Bitcoin to take a dive considering all that talk about Tether propping up Bitcoin's value, but it doesn't look like anything of the sort is happening.
Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid user base and a clear path ahead now.
When the market starts moving upward we will see more people coming out to bash the market and call it a bubble, they just wanted to be in the spot light all the time and hence they are doing so and if it was a few years back the movement would have stopped if there was any FUD news but not anymore, the market has grown to a point that these sort of silly rants wont pull the market down, if that was the case when the binance exchange got hacked, i expected the market to go down with the past experience but the market did not bother about that and kept on moving higher.
I could be wrong, but the last time Bitcoin's price actually moved substantially following a famous person stating their opinion was in 2017, when Dimon ripped it. That closely coincided with China threatening to close off all exchanges though, so it's entirely possible that Dimon's words didn't have any effect at all.
Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid userbase and a clear path ahead now.
Either way, far more influential people like Bill Gates and Warren Buffett have spoken, and the market didn't listen. I feel like it's safe to conclude that FUD of that sort can't affect crypto anymore. It actually has a solid userbase and a clear path ahead now.
Peter Schiff did have a point, not does. Bitcoin was a "natural-occuring" Ponzi when it started, in the same way gold was. But thanks to the dark markets, it started to shift away from being a Ponzi. The rest is, shall we say, history. 
I see no reason why they will be out there criticising Bitcoin to be a scam or a ponzi scheme, do we care? Why don't you face your non scam project and non ponzi scheme? We all love Bitcoin and in Bitcoin we trust for our privacy, freedom, anonymous and transparency.
Did you expect any other response from someone that makes their living and income on Gold investments? People should ignore comments and remarks that are made by people who have hidden agendas with comments like that. His agenda is clearly to discredit the competition, because if more people start buying Bitcoin, then less capital is available for Gold investments to push up the price of Gold. 
Peter Schiff hates Bitcoin, because it is a better store of value than Gold at the moment.
Peter Schiff hates Bitcoin, because it is a better store of value than Gold at the moment.
So they started talking again now that Bitcoin is making a great run, coincidence?
Let them talk until forever, the market has grown tired of this people. Let's just focus on investing, trading, explaining, promoting crypto.
Let them talk until forever, the market has grown tired of this people. Let's just focus on investing, trading, explaining, promoting crypto.
Peter Schiff has been throwing crap at bitcoin for years; and I think one of the main reasons being that Peter Schiff owns a gold company, SchiffGold. Hence he really had an incentive to crap on bitcoin, and at the same time, advertise gold when he is being given publicity by the media.
Yeah, I witnessed all his lunacy when bitcoin was on the big hype before and he always just want to showcase his gold and nothing but gold. They are the people who are going to chase this market when they realize that they are really wrong and I think the $150k-$200k price of btc on 2020 is enough to make them change.
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How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
Any of these shill and fud attempts won't make any significant difference toward the community and the ecosystem. Cryptocurrencies communities had learned the hard way to not to trust someone who is biased, and aren't open-minded. No matter how popular and respected the people who stated an opinion either it good or bad, the community should not be taking it to care too much since we are living in a decentralized and consensus manners.How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
It made me remember a website about buying digital roses for every article that spread negative things toward Bitcoin. The roses could be bought using LN. Can't remember the name and missed to bookmark such a unique idea. Nevertheless, the site shows that a lot of shills, FUD, and a negative attempt has failed toward Bitcoin.
Might be after an year or two this guy will also take u turn like Dimon.
Bitcoin is attacked many times but every time it come out strong.
I find discussion in forum from 2013 that is explaining why bitcoin is not a ponzi scheme.
https://bitcointalksearch.org/topic/m.3660966
and one from 2015
https://bitcointalk.org/index.php?topic=158784.10
Bitcoin is attacked many times but every time it come out strong.
I find discussion in forum from 2013 that is explaining why bitcoin is not a ponzi scheme.
https://bitcointalksearch.org/topic/m.3660966
and one from 2015
https://bitcointalk.org/index.php?topic=158784.10
Finacial institutions will always do whatever they can to stop any financial instrument that they do not have full control. This is the same with gold and now bitcpin.
As you can see on the link below, another CEO of the another big advisory firm is saying that Bitcoin is nothing more but a big scam. A couple of years ago similar words said by Morgan Stanley CEO caused a huge amount of FUD that started a big wave of panic selling. But now we may see that those things doesn't really have much influence on crypto market.
How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
Source: https://www.ccn.com/bitcoin-just-a-shady-ponzi-scheme-rants-goldbug-peter-schiff
How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
Source: https://www.ccn.com/bitcoin-just-a-shady-ponzi-scheme-rants-goldbug-peter-schiff
Any one who thinks Bitcoin is just a ponzi-scheme is just a shallow minded person. They just do understand and know the purpose of Blockchain technology and Bitcoin to the entire world. Such people are just confused and do not want to use or accept any technology that do not suit their current way of doing things. It is high time the crypto space avoid entertaining such false accusations and speculations.
maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
This reminds me of my country, I will tell a story similar to this:
every five years in my country make elections to choose the next president of my country, it happens that when it comes time to campaign all candidates to the presidency of my country make many promises and never fulfill these promises... and the result is that every 5 years fewer people will vote for these candidates, fewer people will participate in their rallies. is the same thing that happens in the crypto market, people are already tired of hearing things like: "bitcoin is a ponzi scheme"; "bitcoin is fraud". People no longer care about these things because they know it's not true
As you just wrote in your title
*Rants *
People rant when they desperately are trying to achieve something also at the same time they are not thinking with a stable emotional condition therefore I won't take his words seriously .
I have been in this business since it was starting to gain popularity and since that time it has supported me in a way that I cannot repay to be honest, the opportunities Bitcoin is providing to the general public is commendable.
I would write paragraphs about it but it doesn't need to prove to someone that it is worth more than banks and all , it's associated with general public in a more Integrated way , providing online jobs is something that it does unmatched as compared to anything else .
I love Bitcoins and so does millions , people like that drags it down for no good reason .
*Rants *
People rant when they desperately are trying to achieve something also at the same time they are not thinking with a stable emotional condition therefore I won't take his words seriously .
I have been in this business since it was starting to gain popularity and since that time it has supported me in a way that I cannot repay to be honest, the opportunities Bitcoin is providing to the general public is commendable.
I would write paragraphs about it but it doesn't need to prove to someone that it is worth more than banks and all , it's associated with general public in a more Integrated way , providing online jobs is something that it does unmatched as compared to anything else .
I love Bitcoins and so does millions , people like that drags it down for no good reason .
They have alterier motives that is why. They have investments with places in direct conflict and they fear they will lose power and control and most of all money which as it happens to be gives you a fair amount of power and control.
As you can see on the link below, another CEO of the another big advisory firm is saying that Bitcoin is nothing more but a big scam. A couple of years ago similar words said by Morgan Stanley CEO caused a huge amount of FUD that started a big wave of panic selling. But now we may see that those things doesn't really have much influence on crypto market.
How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
Source: https://www.ccn.com/bitcoin-just-a-shady-ponzi-scheme-rants-goldbug-peter-schiff
How do you think, maybe the crypto market will soon become big enough to get resistance to such kinds of FUD?
Source: https://www.ccn.com/bitcoin-just-a-shady-ponzi-scheme-rants-goldbug-peter-schiff
First of all FIAT is a unshady slavery scheme!
also
Bitcoin has nothing to do with the markets
that is people, it is called trading it is not a scheme or anything, people come to my market in toronto and buy peaches in bulk so they can sell them for more to other people, it is called wholesale and retail, The markets are a ponzi scheme, all stocks are a ponzi scheme and fiat itself is the biggest threat to our species which outweighs the threat of any natural disaster 100x fold and is a $lavery $cheme!
do you know who came up with the words and definitions for ponzi scheme and conspiracy?
I agree. If bitcoin is ponzi then everything is. Pretty much everything works in a pyramid anyway. You get rank and order and hierarchy. It is nothing new. Besides using fiat makes me feel dirty. Is physically is dirty too. Eeew.
He's a great economist and an experienced trader, I'm pretty sure of that. But when it comes to bitcoin and other disruptive fintech that has been introduced recently, I don't think they have studied the said subject matter quite well to throw shade just like that, and to think that they are vaguely stating things just like that in order to cause a buzz. Either way, bubble or not, I'm pretty sure bitcoin already helped in the wealth redistribution somehow (I'm one of the lucky ones) and will continue to do so as long as people get to know about it. Peter Schiff can rant all he wants, but then again he knows that the stock market scene is going to collapse any time sooner and the only viable option is to hold other assets such as bitcoin.
This men are just seeking attention from the general public and since they are losing they relevance the are constantly looking for what is making wave to attack and at this moment bitcoin is the deal of the day, so they come out to say what they don't know about bitcoin and in they secret moment turn back to buy bitcoin and hold but newbies seeing they public attack of bitcoin will rush to sale out of panic. But I see that is at minimal level now because, bitcoin users are now wiser then before when everything scare them.
lol google this guy
Peter Schiff
American stock broker
BROTHER YOU ARE A PONZI SCHEME AS A PROFESSION!
Peter Schiff
American stock broker
BROTHER YOU ARE A PONZI SCHEME AS A PROFESSION!
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