Topic: Keep depositing Bitcoin and set a goal for holding. (Read 763 times)

Even someone cash out to early than the ATH, they can always hold it and buy Bitcoin during crash, this will make them able to earn more than just completely holding. If people not dare to sell all of their coins, they can just sell some portion or maximum 50% from their total portfolio.

So, they will have a chance to sell Bitcoin at high and an opportunity to buy Bitcoin at the dip because they have cash.

Yes, don't be so fanatical that you lose sight of your main goal of investing, for any type of investment, not just Bitcoin investment.

You can see how whales play the market very intelligently.
they will manipulate with their money to buy Bitcoin at a low price and then sell it at a high price,
because they can control the market intelligently.

They are not even diamond holders, they invest and then trade to make a profit.

Some people in the past may have been diamond holders today,
but of course they have taken advantage of them and grown their portfolios to be bigger.

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But it will only apply when you become a holder from a few years ago or when the price of Bitcoin is still very cheap.

But if you become a new holder and will only give up when the price of bitcoin drops to reach the initial purchase price,
some of those holders will panic and the risk of losing more will occur if they sell it.
But if you are confident in a higher increase, then prepare a reserve fund because it is very important.

Many people can buy on the basics but they don't have any spare money to buy back when an unwanted crash occurs.
This depends on how money management is done quite well.

Not really that much believing into these kind of sentiments about these big and powerful people who do tend to look up themselves to be a supporter of Bitcoin or crypto itself.Anytime they could be able to changed up their decisions on which it  could be go through from positive to negative and i cant be able to trust it up on any of those words or sentiments because this could changed up overtime. Its true that Bitcoin could live without having these kind of sentiments from powerful people but we cant be able to deny that they do really give out that kind of positive towards the entire market that could driven out the price into positive on which this one is really that indeed great. We've seen on how that Trump support give out at least some good effects towards the market. Institutions and billionaires and others who are sitting at the top do really have that kind of capability when it comes to finances on which at the moment or time that they will be making some investment then it will be giving out that significant impact and thats really that great. On the time that they will be having such engagement then it could drive that price up but same goes with the risks that they can somewhat having that kind of manipulation because they do have that tons of coins into their stashes and thats why we do small traders/investors could just simply go with the flow.

The market is there to work with it - if you reached your target, you should take the cream out of your positions, and you would rightfully do so.
The risks will always be there, but if we are talking about Bitcoin and holding through the cycles that change each other - there is no risk at all with that.

I agree with this statement. Politicians often forget what they promised and they can change their position any time they want. I am not a big fan of Donald Trump. But this time, I believe Trump will keep his promises for another reason. I am sure USA want to dominate the economy. Since China is their rival and china banned Bitcoin, the US want to take this chance while their rival is avoiding Bitcoin. I also hope Trump will do something good in this term.

Rightly said, the plan is really very effective when it comes to bitcoin investment. Gaining profit is easy if the plan and target are right a good plan can help you make the right decisions even in the ups and downs of the market. To reduce the risk you can avoid taking unnecessary risks to increase the profit you can make good profit in the long term.

Politicians change their stances on something like gloves, it's nothing extraordinary, really.
But the fact that Trump can be at least a bit good for the space in general - of course, that's a welcomed development.
I do hope that he would bring more good than harm by the end of his term.
Bitcoin would be okay with or without him, but surely we do hope for the best instead of the worst.

I agree with you, Bitcoin has always proven its critics wrong, and will continue to prove its critics wrong. However, many critics who were completely against Bitcoin in the past are now realising this and changing their views.
According to your example, Donald Trump, Donald Trump once thought Bitcoin was a complete fraud, he was always against Bitcoin, but now! Donald Trump is making Bitcoin and crypto part of the UK economy, and Donald Trump will also take many other positive steps.
In this way, many such critics will change their position in the future, and will be able to realize the true potential of Bitcoin. The future of Bitcoin is bright.

Those critics would turned out to be supporters and this had been always that become a casual thing on this market because there are people who are really that having no knowledge on what Bitcoin is all about or simply doesnt have the idea on what it is and making up some direct conclusions that its bad or something a shit thing but on the time or moment that they've seen its utility and potential or into the price or value on where it do able to reach on something that we didnt really be able to expect. This is why those bearish people or critics do turned out to be bullish at the moment or time that they've seen something which is really that opposite on what they have believe. Tons of people had been totally shocked on how far Bitcoin did able to achieve.

As for speaking about investment goals or plans then it will really be that up to you on how you will be handling it out. We do have our own personal set ups in regarding into the investment that we are dealing on with. The key on here is that you should be setting out that limitation on how much you do invest. Always consider out that risk management because there's no assurance that everything will really be that getting in line on what you had anticipated. On the time that you will be having that decision on holding up for long term then its not a bad option to do such thing. There are ones who do deal up with short term trading on which they will really be the ones who do actively dealing up with the moving price. Its really that too hard to consider such skill and not all will really be able to do it.

I don't know if you noticed, but I posted about it on Bitcoin Discussion the day Bitcoin hit the 100k+$ ground running. But I won't comment on him like that now because that was many years ago, his current thinking may have changed. If you explore his profile in the present, you will understand where he is moving and what he is talking about.

I saw his profile now. He says his words differently. Maybe his previous words seemed logical to him at that time because Bitcoin's situation was not that good at that time. Maybe his current thinking has changed, although BTC is surpassing what he said.

Yeah. People are changing their point of view as time passes by. They can see the growth of Bitcoin. It's been over a decade and Bitcoin is still here. When Bitcoin pumps a lot, some people say it's a balloon that will burst soon and will never be the same again. The crypto market has a bear season and some of those critics were smiling silently thinking they were right.

But Bitcoin proved them wrong again and again and again. This will continue to happen and some of those critics will switch their position in the future. I am not worried about it. Michael J. Saylor and Donald J. Trump are the examples.

While I do not expect all of them to do that, but some people do switch and that should not be all that bad and we are going to see this not changing for the long term neither. It's usual that there will be a lot of people who will flip and be investing for sure.

Honestly, we shouldn't really consider others neither, just invest and accumulate and make as much money as you possibly could, that way you would know what you are doing and wouldn't really be bothered at all. I can see why this could be a big deal, and I can see why things could change, but at the moment I would see that it is going to be a bigger deal on the long run, that's the most important part. I believe in this and just invest and accumulate and ignore everything else.

You made a very valid point and I think everything that you said is correct. We should keep on investing in Bitcoin but we should also be taking some profits when we have them to enjoy some profits as we can not be hodling all our life and be living in poverty when we have some Bitcoin that can be sold for us to have a better life than what we are receiving. Buying at the right time or being capable of targeting the market to make the right calls is not something that is easy to achieve. Investing without having goals in mind of the profits that you want to realize at the end of your investing period is wrong. We should already know when we want to buy and at what price we want to start taking profits so when this time comes we ignore what others are saying and execute the plan.

For a person who is never optimistic with bitcoin, he will dare to criticize it and leave words that may convince its audience. And that's also his point of view.

While bitcoin is a nonsense to others, it's a treasure for us who are always positive with bitcoin and the brighter future that lies ahead. So let's stick to our goal. Bitcoin is the future, so we must continue buying even through DCA and benefit on its profits in the end. What's significant will only matter to us, and ignore those insignificant ones.

He is a man to follow - and surely, some other big guys and companies would look with interest at what he does with MS.
 
Surely, he can create a bit of bullish fuzz here and there, but that is why we have X.

It will take time. I do not expect all critics to become a Bitcoin fan suddenly. Bitcoin has been proving them wrong for a decade now and will continue to prove them wrong. Probably some people will always oppose Bitcoin because they don't understand it. They think this is an internet scam. But we should let them think whatever they want. You cannot really force anyone to impose your beliefs on them.

The only thing we could do is, try to make them understand how it works. We don't have to convince anyone. I won't start namecalling someone even if they oppose Bitcoin. No one should do. Everyone has their rights to think whatever they want.

or he probably already bought some and his skepticism maybe an attempt to fud and get BTC at cheaper price.

there was many skeptics back then and some of them already turning their stance and instead supports bitcoin now, unbeknownst by the masses, they themselves have been hoarding BTC.
i wouldn't be surprised if he has some stash of BTC in his portfolio.

but one thing for sure, current BTC price is a proof, that peter schiff or any BTC skeptic out there, is wrong in their speculation.

Peter Schiff is not an exception. He can always say bad things about bitcoin, and make a FUD on it, but in the end, he will always stay as a loser if he won’t ride with bitcoin success, while other bitcoin critics have been silently investing in bitcoin already.

For all of us, never rely on other people’s words and wisdom. We have our own perspective in every aspect including bitcoin, so we should stick to it, and not become a robot and follow what every bitcoin critic has to say.

We also say to Peter Schiff: "Keep the delusions of your dreams with Bitcoin exceeded $100K and start towards a new summit that is further." My dream is to see his face now.

This is the difference between a man who is unable to read the future (Peter Schiff) and a man like Michael Sailor, who managed to extract the future and bought bitcoin long ago and he still does so until now after the price rose above $100K, As I heard that he bought a new batch of bitcoin above $103K a few days ago.

But there is a huge difference between our grandparents and parents and people like Peter Schiff or Warren Buffett. They are the world's leading economists and investors, they have extensive knowledge of economics and investment fields, even have advisors in many different fields. I believe they understand bitcoin very well but the problem is they don't believe in it. Meanwhile, our grandparents were not as lucky as them, most of them were just ignorant people so it is understandable that they do not understand bitcoin.


But in the end, none of them are at fault and deserve criticism because each person has different views and thoughts. No matter how good they are, they are still human and making a few mistakes in life is inevitable.

Similar to my grandparents. When I told them it was actually possible to make money online and I could do a job online by staying home, they did not believe me. They thought I was lying until they saw I really made some pocket money and some other people actually working from home. Especially during the covid pandemic, they come to a realization that it is possible actually.

I am not blaming them. I am just stating the fact. Sometimes people's egos are bigger than everything. Even if they realize that they were wrong, they don't want to admit it. They want to prove that they are right.

The price keeps rising, those are optimistic words for bitcoin and seeing how now the price of bitcoin remains stable above the price of $100k amazes me,
because from then on my first target was the ATH of Bitcoin to $100k and now it has been reached.

This is certainly very crazy in my opinion, because Bitcoin was able to reach $100k,
even when I sold some of my bitcoins a few years ago for $2k I felt like that was a very high price.
But when looking at now, $2k is a very cheap price and maybe if I had held more till date, I would have become a millionaire from Bitcoin.

At the $100k price level which is the highest point reached, this will be a strong foundation for bitcoin to reach ATH again,
some correction and price consolidation is indeed a natural thing as it is indispensable to reach a higher price.

Buy at the right time by looking at the chart whether it's time to crash or not and then sell at a high price or according to the target price.
But I just want to say "Don't be a lifelong holder, enjoy it when the main target is achieved because you are investing to make a profit".

I am sure that he will cause bitcoin to go up, even if he wants to or not. Being in an economic warfare with many parts of the world, will make USD weaker, that's the consequence of being in a war, after all he will be putting up American economy against other economies, and even if he wins, and other currencies goes down even harder, that doesn't mean USD won't neither, it will, so the only thing going up will be bitcoin.

It's the best thing that ever happened to bitcoin as well, because if Trump could get the greenlight, he will definitely make a bitcoin strategic reserve as well, and that will be a great thing for them without a doubt but also a great thing for us because when they buy bitcoin, that helps us as well.

from the look of things bitcoin price will continue to increase only thing that will make the price of Bitcoin to decrease is a negative information from the market or from a popular country that can influence bitcoin price, so for Bitcoin price to hit 100k it is obvious at the price will ascertain another level of price so this is the beginning even though Bitcoin price hit 100k and the later reduces in price that should be a sign of correction so for me on my understanding of Bitcoin if you have the opportunity to buy and hold until anytime you feel like to say it is better for you to hold Bitcoin for now

Apart from the ones I bolded, all other explanation are true.  Although there is truth to what you said about the aged persons being more anti bitcoin as you said is not true. But I will also like to let you know that it's not only oldies are anti bitcoin but the youths are also a part of it.  I could remember working with some of my close friends when I never knew much about bitcoin but I a had the passion to know more about bitcoin. After telling them about it, they told me that I preached about bitcoin everyday that what have I achieved from bitcoin that I believe so much in bitcoin?  That except the see results they wouldn't invest. I understood 2 things why toking people also fall to the category of the anti bitcoin is because

1) the want to see results before investing.
2) they are ignorant and lazy and lack the ability to do research but want a quick way of making money.

You can't really blame most of these people for being anti bitcoin in the first place. If you check very well, you will observe that most of these anti bitcoin people are mostly the elderly people (aged ones). You will hardly see young people who are anti bitcoin. Those born in the 40s, to early 70s. They were really finding it hard to understand how bitcoin works, because the system was entirely new to the way they understand how money use to work. They were too glued to the fiat system. Their age was really making it impossible for them to comprehend it. Even Satoshi Nakamoto knew that there will be people like them. So those of them that were once anti bitcoin, but has now turned bitcoin supporter, must have really sat down to study about bitcoin or hired tutors and advisers, who has thoroughly explained everything about bitcoin to them. And there is nothing stopping an anti bitcoiner to become a bitcoin supporter.

Before we start, we must know that the market is volatile and it does not mean that we will go with the flow too like we change our psychology often but it's better to be stable, so that we can think clearer and do better things. If in terms of strategy, some might still have a plan b, in case the market go against with their main plan.

As long as we are doing well, this is only fine. Not all those who change their plan has the same goal because what if they are planning to quit already? Maybe it is true that they already suffer losses and this is one of their reasons for quitting but I think this is better than if these losses grow. There are just people that are not built for some thing, you know.

In fact, the future of Bitcoin is actually going to be much more valuable, Trump will be sworn in on January 20th, and he recently said that they are going to do something great with it, and they want to be ahead of China or other countries.
That is, after Trump is sworn in on January 20th, he will focus on crypto, the positive attitudes of governments towards crypto and Bitcoin can have a much more positive impact on Bitcoin in the future.
Currently, the acceptance of Bitcoin is constantly increasing, and if other country accepts it positively, Bitcoin will definitely continue to be much more valuable.
The future of Bitcoin is much brighter, so those who are continuously buying Bitcoin in DCA are going to benefit a lot in the future.

Whatever he says, go against it. FUD. That's all they do. He is probably still thinking right now that Bitcoin will fall but the ETF won't let that happen as the trading volume is going higher.
It's actually getting harder to buy Bitcoin now due to its expensive price and some investors would just say they will buy meme coins or other cheap coins in the market which they think will soar high someday. That's the wrong perspective. Even the lowest satoshi will someday be valuable once the value of Bitcoin grows to the extent that every satoshi will be scavenged by those who have left their wallets for a long time.

Similar to Donald Trump. Donald Trump was kind of anti-Bitcoin a couple of years ago but he seems like a supporter of Bitcoin right now. If things change in the future and Trump personally starts to understand how Bitcoin works and then decides to invest in Bitcoin, that will be another history for Bitcoiners. There is nothing to gain when general investors invest in Bitcoin. But when your enemy becomes your fan, you can understand how it feels. I believe most of these anti-Bitcoin people won't be there at their current position only after a decade. But Bitcoin will be way ahead by then.

The benefit of government being positive on bitcoin is definitely a vast help for bitcoins adoption but also the price of it as well. We have seen Trump being positive on bitcoin and we have seen how the price of bitcoin improved after that as well. So, it's clear that we are seeing something changing, a lot of things changing really, and that's the most important part of it.

If we can make this work then we are going to of course make a profit by adding more and more bitcoin to our account. With more and more nations and governments becoming positive on bitcoin and ETF's getting accepted all around the world, we are seeing much more benefit and price rising up as well. Things are looking good for our future for sure.

Of course, the psychology of traders and investors tends to change due to market volatility. This is normal so it's not surprising that we get quite a few of them changing their plans midway. The goal remains the same, they just want to maximize profits, but sometimes because of this they suffer losses and lose golden opportunities.

Changes in government policy that support the growth of bitcoin allow the adoption rate to increase. Real use cases of bitcoin as a currency have so far been hampered by government regulations, although that is not the only reason, but government bans have had a major impact on the growth of use cases. If the government over time supports the use cases and adoption of bitcoin, then of course there will be many users who are willing to use bitcoin as currency instead of fiat or other means of payment.

Price changed over time most of all which in turn changed peoples minds and then altered the price some more.  We go in cycles of that no doubt and when price falls some change their mind right back as its not served their cause in that particular year.

How many looked at the technology and had any genuine faith beyond price that this was a useful product with utility over decades is far less in number I think.   Trump or anyone else will have a harder time resisting the success of a product that has grown so much, who would stand in the way of that unless they believed they had something superior and not many will think that.

  The majority of people who arent in BTC have little understanding or contact with its possible usage so they remain yet to be convinced.   Schiff or other doubters are fundamentally opposed to some virtual basis for exchange which is unfortunate in a digital age.
   Most are not this extreme yet are outside of Bitcoin waiting to be convinced or for the path to be involved to be made easy, the product must be usable and thats bigger then price rises which can easily fall back.

Actually the thing is long term continuous investment and holding, Bitcoin follows its own path, we can't do anything about Bitcoin's price fluctuations, Bitcoin goes up and down as it pleases.
What we can do is hold on to Bitcoin's "future", Bitcoin is unpredictable, it has crossed $100K, now no one can say for sure when it will touch $500,000 or $1,000,000, it just depends on the timing, maybe $1M will happen tomorrow, or 1 year or 2 years later, or anytime.
So don't worry about who said what and don't worry about the price, keep investing and holding. Patience and long term holding are the keys to success in Bitcoin investment.

Not exactly that we are wrong, it is just about to happen that we have no control over this movement, making everything unexpected. So, as I've said, we respect all speculations because that's all we can do. In fact, even Mr. Satoshi didn't know the price would reach $100k, or, let's assume he speculated it, he certainly didn’t know when. In fact, you are saying "in the future," which means there's still no assurance it will happen. That is why it is called speculation, there's no certainty it will come to happen. So let us stop saying he's right or he is wrong, let's remember we are here to invest, not just to speculate.

I have read about different people that have been negative about Bitcoin for different reasons but one thing they have in common is that Bitcoin has always proven them to be wrong and then they regret not buying Bitcoin. Bitcoin is not like other currency or investments depending on what you see it as because it has a tendency of becoming better than it currently is. $100,000 is just the starting point just as when Bitcoin passed $10,000 and many people thought it was going to be the highest price. I think if we can get to $100,000 then nothing is stopping the price of Bitcoin from getting to $500,000 and above $1,000,000. I am not saying it will happen now but in the future, the possibilities should not be ruined out.

For example, Donald Trump was a hater of Bitcoin, and he tweeted something negative a couple of years ago. But things changed over time. He has become a supporter of Bitcoin, and he believes in it. He even promised to release the Silk Road Founder, Ross, if he got elected. People's perspectives have changed over time, and Donald J Trump is just an example.

So, I would like to agree with your point of view that he might bought some Bitcoin secretly if he understood how valuable Bitcoin will be in the future. But there are always some people with Ego who do not accept their mistake. If he is one of them, then I do not expect anything good from him.

We can leave him like that and not think much about him. That is one prevention that we can do to stay away from the negativity about Bitcoin. They think Bitcoin will never reach $100,000.

Those people will not agree investing in your place because they don't believe in Bitcoin. The investors will not complain about this and right now they still invest their money in Bitcoin. He will regret what he is saying because Bitcoin already reach $104,000. It is a big achievement for Bitcoin to gain more support from those who already joined in Bitcoin. Investing in Bitcoin can give both of you to say many things and enjoy the moment. You can keep your Bitcoin for years and continue investing in Bitcoin.

If you cant be an example, be a warning to others I guess we could say of Schiff.  Im generally on Schiff's side because he does at least believe in what he is saying and has a sound basis for resisting any involvement in BTC.   It doesnt mean he is right but he at least has genuine reasons which counts for alot for me personally.

His advice is various alternatives, not the Dollar as he sees it as a sinking ship.  Its ironic that his criticism of dollar echos alot of what is in the origins of BTC coming out of 2008 and extraordinary measures taken that compromised basis capitalism, accounting and balance to fiscal governance.

Regular involvement is a good idea but I would also argue not to over balance and never borrow to be involved with BTC stay sensible and recognize we do have alot of volatility here.

I think back then almost everyone didnt have the idea of "digital capital" but rather
the view was digital currency, the Bitcoin scene would have been viewed as occupied
by people against the establishment but since Michael Saylors enlightenment
in 2020 and his subsequent views which favour traditional investors and everyone really)

There were also those who were very vocal on their negativity to Bitcoin, Peter Schiff was one.

Great to see that everyone who disagreed with him have been right!

My answer to Peter Schiff, you were wrong man, you were wrong, Bitcoin crossed $100k and even $103k and you were totally wrong Peter.

Bitcoin is the future and president Donald Trump knows it and that's why he's supporting it.

Bitcoin is going to hit $1M and I'm pretty sure Peter will have no word that day when Bitcoin finally reaches $1M.

By the way, congrats to those guys at 100 push-up thread who followed Satoshi's advice and did that 100 push-ups. Who knows if they were directly helping Bitcoin to reach $100k. 

We know Peter Schiff has been anti bitcoin for a long time so he will continue to criticize it until whenever, maybe he will be silent when Bitcoin goes to $100K and babble again after the decline...
Then never follow like Peter Schiff it will hinder you to invest sometimes if you continue to pay attention to his fear later there will be doubts... so leave him and never look again.

I respectfully take your advice and feel the need to say that sometimes investors can be tempted by negative words. And I recommend that do not stop yourself based on assumptions and focus on Bitcoin savings regularly. Like you, I also respect every assumption and get positive and negative ideas about investments through it and can make the right decision by reviewing important aspects (More Bitcoin Savings).

Peter Schiff really likes to make humorous Twitter posts about his own speculation about Bitcoin. Everyone has their own speculation about Bitcoin now and in the future, Regarding Peter Schiff, he himself is the CEO or Head of Global Strategy at Euro Pacific Capital, he himself is someone who has investment shares in the crypto market, especially Bitcoin, I'm sure he makes random speculation, but he himself bought a lot of Bitcoin.

Lately there have been more ridiculous speculations, such as suggesting Biden sell all his Bitcoin, Bitcoin threats and so on, but there is something interesting as said by: Max Keiser.

I'm sure even though Peter Schiffs says blah-blah about Bitcoin I'm sure he's currently winning against the $100k Bitcoin spike.

Perhaps he is wrong. But it tells us something that we can speculate, but we shouldn't expect to be right. Whatever happened today, no one truly knows. Of course, we can say he is wrong, but what if bitcoin doesn't reach $100k? We can also say he is right. So, I respect all speculations, whether they are optimistic or pessimistic because anyone can be wrong or right.

If Peter says once again that bitcoin won't reach $300k, I'm sure many will agree. But all these things don't matter, what's important is that we are part of Bitcoin's growth and have investments.

His prediction was absolutely right. We didn't expect the price of Bitcoin to be that high at the time he died.  But now we have to accept it. The price of bitcoin will cross million dollar one day in future so we have to buy bitcoin and hold long term by ourselves in the next bear season. As Bitcoin has crossed a major milestone, I don't see any chance for Bitcoin price to rise recently. But in the coming days we will get another chance to enjoy Bear season.  And that opportunity should be fully exploited for the next milestone

It may be that there are many such people and you may not be aware of their mentality, but I believe Schiff may be among those people. I also believe that the critics of Bitcoin who were active in the past have their criticism space narrowed or is about to close. Those who were in favor of the potential for confusion from Bitcoin just a few years ago have become interested in its prosperity, especially the newly elected US President Donald Trump. He was once a staunch opponent of Bitcoin but he is now the one who will try to blooming Bitcoin forward and he commitment it before the election.

I agree that bitcoin reached is new ATH in a time frame before we expected and similarly it may fall down before we could speculate. This doesn't mean that all the haters are accurate but it is just the cyclic nature bitcoin market like how it does work for every 4 years. So, there will be no point of taking those haters into account; we just need to move on by simply ignoring them. I still feel it is too early to think about the negative sentiments to destroy the bitcoin price levels but that will happen and up to 80% but not from the current level and the time would be by the end of next year.

No strategy will remain fittest forever; it means we need to adapt new asset as per the time demands and bitcoin must be one of them. People who are into traditional investing strategy will never like bitcoin but time will teach them because bitcoin must be one of the modern way of investment opportunity.

They still not trust in digitalization, hence they will see Bitcoin and other thing is like a game or something that unrealistic. Many people who have money choose to buy gold or real estate because for them, they can see their assets are real.

But, time by time, as the new generation now like to spend their time in their home and interact with people via social medias, this will make them encourage to buy Bitcoin.

Pessimists are not fit to hold Bitcoin. We see many such statements from people who do not believe in Bitcoin. But after a few years, they should be ashamed of their statements.
Bitcoin growth every year gives us all a lesson, if you expect profit in a short time, never expect Bitcoin. Now people who talk about the impossibility of Bitcoin reaching the target will talk about Bitcoin fluctuations that will soon destroy the price. They will never admit that their statements are just speculations from their ignorance.

I have always had the same thought about him and other Bitcoin critics who tend to shed negative light on Bitcoin publicly, but for some reason, it makes you feel that they are doing this only to get some attention or possibly an attempt to crash the price so that they can buy cheaper. I mean, you can't be a known personality and still be such a fool to not understand what is good and what is bad, even if it's from an investor point of view.


Those who believe or follow him and other Bitcoin critics need to stay away from Bitcoin and cryptocurrencies because they don't deserve them. A technology that has only given you and others benefits since its creation shouldn't be considered negative even by the most foolish minds. If someone is so ignorant that they can't understand this, they should keep signing paperwork for traditional financial institutions to get their financial activities done.

Men like Schiff who go publicly criticizing bitcoin back then can be misleading to those who listened to them. Some of these men will criticize bitcoin in the day time and buy at night to the ignorance of those who listened them. And guess what! Today they profiting just as we're doing from bitcoin now at $100k. The people who lose were those that listened to their criticism without even taken a risk on the innovation with any $ they can afford to lose as at that year

He gained his fame from criticizing Bitcoin and everyone interacts with him because he criticizes Bitcoin, but if he became a supporter, no one would notice his tweets. Michael Saylor is not a tweeter, he is an investor and everyone interacts with him because of his investments, not his opinions.

His son however is stacking BTC. This is sort of a team work, father and son. Peter the father keeps the fud and his son keeps buying BTC.
Peter as far as I know is the only guy who has time to really go into debating against BTC, its really interesting why he would be doing it when in fact its a waste of time for him. But this old man just stop for nothing just to express his opinion.

But I would agree about his opinion on Gold and Silver though. Which I guess the old school investors agrees to him as well.

Peter Schiff has never been optimistic about bitcoin, not even now when bitcoin achieved $100k. So it’s nature for him not to convince people into bitcoin, but in fact criticize bitcoin and discourage the people from taking such risk. However, I’ve come to understand this because he’s an advocate and a promoter of gold and silver, so that’s probably the reason.

But bitcoin has proven its value and potentials throughout the process. And we don’t need influencers to prove that, bitcoin alone has proven its own worth and value in the market.

Really - I don't really know that previously Michael Saylor was one of the people who did not support bitcoin, but it is true that today we have the fact that Michael Saylor is one of the most optimistic investors and holders of bitcoin. I can't expect Peter Schiff to change his viewpoint on bitcoin - I think it's best to leave him to his own mindset and beliefs. After all, this will not have much effect on people's confidence and interest in bitcoin, in fact since Trump was elected President I think interest in bitcoin has grown.

We are in a great bullish phase in bitcoin history - of course because so far $100K is in hand. Some previously skeptical people may have started to embrace bitcoin - but whoever hates it, let them be. There's nothing to explain - ignore them.

What don't you like about his phrase? Everyone pays attention only to the 2nd part of his post. He said it right, "keep dreaming". The BTC-community dreamed together and this dream came true.

There were and will be BTC-critics. No, he doesn't regret it, but hates bitcoin because it has become more expensive to $100,000. He is burning with hatred.

Bitcoin has been creating this potential for 10-15 years now. You've missed all the fun.

I set a new goal. It's 1BTC=$1,000.000. But this will not happen very soon.

Well, he's made some bad judgements with Bitcoin the past few years, nothing too new there lol. And this is all in hindsight speaking imo. Price back then was 4 digits ish, I reckon a large majority also didn't really expect Bitcoin to hit 100k. I didn't really give a crap about prices back then, just generally knew Bitcoin was a good investment. Whether it hit 100k or not wasn't really a thing I had in my mind (and pandemic happened so I did eventually sell though lol).

And I doubt him being wrong damaged him that much. He's still got the bucks.

On the contrary, he didn't have the guts to make a U-turn, just like what Michael Saylor did. We all know that Saylor was anti-Bitcoin in the beginning, but later he realized that he was wrong and so he not just publicly admitted to it, but he become one of the most bullish investors we have seen in the last couple of years.

But in this case, Peter, regardless of how many times Bitcoin has proven him wrong, he still insists that it will no go to $100,000 and yet we have unlocked it already. So it's question on his personality and for sure Bitcoin enthusiast have trolled him again and again with that kind of statement.

And I wondered why Bitcoin price reaching $100K was his agitation in the market value that he has to be so empathetic like that as the said $100K is such an amount that received being wealthy which Bitcoin can not provide for its investors.

Clearly he was one of the critics who tends to sabotage the potential value of Bitcoin but he failed.
Perhaps... At 2019, Bitcoin struggled nearly to $20K so why should a $100K be his speculation?
Why don't him learn to dream gradually and accounting gradually increase of the market instead jumping to that margin of really he is studious that the market capitalization of Bitcoin is not in a scalability volume enough to such meet such market price if he was referring to the ahead 2021 bull-run.

Obviously he was just acting dramatic to make the public lost concern on Bitcoin was the strategy because he is one of them that hated Bitcoin because it is a decentralized blockchain technology.

Now Bitcoin has crossed $100K, hope he is now beneath battered with shame for his false speculations with the intentions of misleading the public.

There would really be those who do turned out to be critics but actually they are really that hiding themselves on investing on bitcoin and wont really showing up publicly because they have that reputation to defend on.
They will really be that stood still on what they have said in the past on which they do turned out to be perma bears but ending up on having those doubts and will really be ending up on having that change of mind because of the price that they have thought that it wont happen. How about on the current price that it do hit up on $100k? How he would be telling up to himself? Pretty sure that would be change of hearts.
The question is,if he had already invested on the moment that he had said up some negative words towards Bitcoin.We do know that there are those billionaires who do have that kind of words back in the past but now where are they? What would be the things that they do say with the current market condition? Pretty sure that some of them had missed out some opportunity on accumulating but we do know that billionaires are those individuals who do really knows about investment and on what are those things which does have potential. They will really be that definitely be having that kind of decisions whether they will really be that silently investing into something despite of the negative words that they are really that saying.

The problem is that some of these bitcoin critics will spread fud in public but they will never come out publicly when they have a change of mind, like when they realize that they were wrong about bitcoin. I know some of them would have had a change of mind at some point and possibly start investing in bitcoin. My anger is that when this happen, they will never come out public to say it after misleading millions of people about bitcoin. I think this is ethically wrong and shows lack of integrity on their side. I love the fact that bitcoin does not really give a fuck about what anyone says, it keeps making progress and blessing those who embrace it.

I can tell you he has no regrets about his prediction even if wrong.  Neither will Warren Buffet be especially bothered, you should realize this about Buffet as he never judges an asset by price so no change occurred in his view or opinion from this price going higher.

Buffet is still a billionaire, very successful.  Schiff still has whatever fortune but he is very successful from what I know, just not in crypto and plenty of people still avoid this whole sector thinking it strange at best and a mirage false at worst despite the price gains.

Alot of the world isnt using BTC, so long as the product itself remains capable but also improving in its ability to handle traffic;  BTC will increase its number amongst the normal population not just technology based users, gains are certain to continue.


He will say I was right for five years!   He got gains elsewhere meanwhile of course.

Twitter is a wide space if one is not knowledgeable enough they get easily manipulated, funny enough people actually followed the advice given by Peter schiff then. I’m sure he had some supporters because I read related articles influencers talk bad about bitcoin most surprising he had to indicate a price range and today bitcoin has surpass this level. Presently if anyone should be easily fooled about an investment choice, bitcoin will never be in such list since we all know bitcoin has proven to be reliable, those who invested at the early time aside the early time 2019 is enough for anyone to make a good profit now.

I think he just didn't have the courage to say the right things about bitcoin - then he came along and tried to undermine investors' confidence and optimism about the price of bitcoin in the long term. Of course $100K doesn't seem easy to hit in 2019 - but in 2024, $100K is real price. Nothing is impossible to achieve for a booming investment asset like bitcoin - so perhaps he needs to change his negative attitude towards bitcoin after watching $100K hit.

You gotta admit, it feels pretty dang good seeing folks like Peter Schiff with egg on their face.  Dude has been hating on Bitcoin forever, yapping about how it will never amount to anything.  Just shows he dont know jack about it.  Its a classic case of arrogance and ignorance.  Bitcoin dont care what the haters say - it just keeps on climbing, breaking records left and right and  so imma keep cheering for Bitcoin and let the negative nancies waste their breath.  I mean, who got time for all that useless skepticism anyway?

We are all positive and optimistic on what's coming to Bitcoin and the bull run is also causing that much emotion to us. But even we are not in the bull run, we've been believers of Bitcoin ever since and this is why we're here and we've been holding for so long. It's all worth the wait for those that have held for a very long time and those that haven't yet, it's time to keep on going and continue the accumulation. Set a long term goal and target for you folks to enjoy it. We've been there and endured all of these negative sh!ts that these people have said to Bitcoin.

Be yourself and so as his son that bought Bitcoin because we believe that owning Bitcoin is going to help us reach those goals.

Oh Peter Schiff, everybody's favorite BTC sceptic **cough**

This guy must lie awake at night, so frustrated that he couldn’t just put his pride to one side & buy BTC. There are plenty more like him too, that will refuse to change & see their net worth diminish slowly over time due to inflation. 

I remember this thread similar to this one: Good Point, Peter Schiff!!!

I'm not sure if he has regrets or what, but we all know that once a perma-bear, will always be perma-bear like Warren Buffett and others who have been on the offensive about Bitcoin many years ago.

But for us Bitcoin enthusiast, we do not need to listen to this clown, we have our own goals and obviously, we want to accumulate as much as we can.

Peter Schiff was flat out wrong about Bitcoin many times. I mean, the guy was just so dang confident bitcoin price would crash, but we all know what happened instead.  Looking back now, his tweet seems hilarious.  Though I don't really feel bad for the guy.  He was clearly trying to scare folks away by spreading FUD. And unfortunately some investors still take him seriously!

Such a statement will always emanate from newbies who lack the fundamental knowledge of Bitcoin and how its price has reacted at various times and stages, I guess by now the guy who made that statement will be burning in his self-made shame right now, Becassine it was out of print for a public figure to come out and make such careless statements about glibakasset like bitcoin which also double as a technology of this age.

Forecasting a 100k price limit for bitcoin is way below standard and pricing for bitcoin both in the short term and on the long term goals, and as long as bitcoin has already broken that price benchmark, 100k is now a thing of the past for bitcoin and all that is needed right now is how bitcoin build the needed liquidity to stay above that price from now henceforth.

He doesn't appear to be an optimist and supports bitcoin publicly, but we don't know if he may have been secretly buying and holding some bitcoins. Things can change quickly and sometimes it doesn't take long, so the assumptions or what came out of his mouth that day have been refuted in December 2024. Bitcoin has managed to reach its most important target in its price history, it was $100k which it hit a few days ago. The price even soared higher, although now it has been slightly corrected.

Peter schiff tweeted 2019 and told "Keep dreaming. Bitcoin never going to hit $100k".

Many people and critics have been negative about Bitcoin and this is a sign of that and I'm pretty sure he's probably burning with regret right now.

Over time, Bitcoin's worth has increased and the sky is the limit for investors. I'm also pretty sure that Bitcoin is going to create huge potential for investors/holders in the next 10-15 years.

Don't be like Peter Schiff, set your next goal.