Topic: Peter Schiff Advices Don't Buy the Dip (Read 468 times)
Peter Schiff is funny. He takes every chance he can to troll Bitcoiners. You can see he breaks during interviews sometimes (especially with Pomp) and you can tell he doesn't even believe the things he's saying. He recognizes that he's a talking head and he purposely talks his supposed position. I promise you that Peter Schiff owns Bitcoin, and not just the satoshis people sent him back in the day. I don't believe that he thinks as poorly about Bitcoin as he speaks. He's just doing what's expected of him as a gold bug. I wouldn't be surprised if he was stacking sats this entire time himself.
It doesn't take a fool to see the market is in the bear run, tho. His point is quite common among traders right now. Doubt we're actually hit the floor yet so trying to buy the dip at this time is unwise.
Probably unwise to those who won't DCA. and..
It doesn't take a fool to see the market is in the bear run, tho. His point is quite common among traders right now. Doubt we're actually hit the floor yet so trying to buy the dip at this time is unwise.
We are also far far away from the top so any investment will most likely be big profits within 4 years.This made more sense. Why pass up on an opportunity when it is as clear as water that buying at this time will give us profit in the future. Often times those who wait for the "dip" to buy often missed out.
The dude has been on Tucker Carlson and FoxNews.... credibility -----> Window
It doesn't take a fool to see the market is in the bear run, tho. His point is quite common among traders right now. Doubt we're actually hit the floor yet so trying to buy the dip at this time is unwise.We are also far far away from the top so any investment will most likely be big profits within 4 years.
The dude has been on Tucker Carlson and FoxNews.... credibility -----> Window
It doesn't take a fool to see the market is in the bear run, tho. His point is quite common among traders right now. Doubt we're actually hit the floor yet so trying to buy the dip at this time is unwise. 
Forget about Peter as he is no good for crypto, and only fools will probably believe on him. Why not buy at this dips? This is the best moment that we have been waiting for so we should always prepare for a maximum purchase this time as bitcoin has finally reached its best buying moment at its very affordable price. Those who want to invest in crypto, now is the best time to invest and not when the market is bullish as many people are blinded by it.
Peter Schiff is a crypto hater, just like Warren Buffet, they are both people who can't accept anything new. So whatever Peter Schiff says is always
going to make crypto look bad and Peter Schiff doesn't seem like he's going to stop attacking crypto, until crypto is completely dead. Although
Peter Schiff is a successful economist, that doesn't mean everything Peter Schiff says is true. I agree with you we don't care what Peter Schiff says,
we can see for ourselves the extraordinary performance of crypto during the pandemic. Especially Bitcoin will never let us down if we invest long term
in Bitcoin, based on my experience every time the price of Bitcoin falls very deep, it can always recover again and can even rise higher than
the previous price. So I will buy Bitcoin and Ethereum gradually every time the price goes down, because I strongly believe in the future of Bitcoin
and Ethereum is very bright. I also don't want to regret missing the opportunity to buy Bitcoin and Ethereum at low prices, so that in the future
I can make big money.
I think better advice would be to not buy when Bukele is buying the dip 
Every single time that wanna-be trader has bought the dip it went lower and lower just a few days later.
Right now he hasn't yet bought despite getting a 30% discount so by all logic this should be the real bottom, despite what Schiff says.
You're ignoring the people that
- bought at 50k, 40k and at 30k thinking it won't go lower than this
- people that sold at 60k, 50k, 40k, and 30 k and are laughing their ass off seeing how they can buy 3 times more coins in some cases now
Everyone is saying weak hand, hold till death, but at the same time, some of the weak hands are raking a profit now!
You can say that, there is nothing wrong with it at all. However, the problem is not finding the optimum, you think people can find the optimum but they end up failing, the advice to hold is the one given to people who can't do that. If you bought at 3k, sold at 68k, and got back in at 20k, then they can totally do that, nobody says hold to that person.Every single time that wanna-be trader has bought the dip it went lower and lower just a few days later.
Right now he hasn't yet bought despite getting a 30% discount so by all logic this should be the real bottom, despite what Schiff says.
When the price was $60k + a lot of people were thinking I should have got into Bitcoin when it was $20k or I should have bought more.
and when we hit $60k again I'll bet there will be people cursing themselves for following Schiff's "advice".
and when we hit $60k again I'll bet there will be people cursing themselves for following Schiff's "advice".
You're ignoring the people that
- bought at 50k, 40k and at 30k thinking it won't go lower than this
- people that sold at 60k, 50k, 40k, and 30 k and are laughing their ass off seeing how they can buy 3 times more coins in some cases now
Everyone is saying weak hand, hold till death, but at the same time, some of the weak hands are raking a profit now!
However, if you buy at 3k, hold when it was 68k, sell at 20k instead to take profit and it goes to 30k instead, that would be wrong right? So this advice of holding is not to people who trade amazingly, it is to people who make wrong moves and end up losing all of their money, which happens daily.
Also you need to take into account your security.
Making profits means having your coins in hot wallets or on exchanges which can get hit hard in these dire moments.
I take a more defensive posture with cold wallets instead of optimizing profits.
I think better advice would be to not buy when Bukele is buying the dip
Every single time that wanna-be trader has bought the dip it went lower and lower just a few days later.
Right now he hasn't yet bought despite getting a 30% discount so by all logic this should be the real bottom, despite what Schiff says.
You're ignoring the people that
- bought at 50k, 40k and at 30k thinking it won't go lower than this
- people that sold at 60k, 50k, 40k, and 30 k and are laughing their ass off seeing how they can buy 3 times more coins in some cases now
Everyone is saying weak hand, hold till death, but at the same time, some of the weak hands are raking a profit now!
You can say that, there is nothing wrong with it at all. However, the problem is not finding the optimum, you think people can find the optimum but they end up failing, the advice to hold is the one given to people who can't do that. If you bought at 3k, sold at 68k, and got back in at 20k, then they can totally do that, nobody says hold to that person.Every single time that wanna-be trader has bought the dip it went lower and lower just a few days later.
Right now he hasn't yet bought despite getting a 30% discount so by all logic this should be the real bottom, despite what Schiff says.
When the price was $60k + a lot of people were thinking I should have got into Bitcoin when it was $20k or I should have bought more.
and when we hit $60k again I'll bet there will be people cursing themselves for following Schiff's "advice".
and when we hit $60k again I'll bet there will be people cursing themselves for following Schiff's "advice".
You're ignoring the people that
- bought at 50k, 40k and at 30k thinking it won't go lower than this
- people that sold at 60k, 50k, 40k, and 30 k and are laughing their ass off seeing how they can buy 3 times more coins in some cases now
Everyone is saying weak hand, hold till death, but at the same time, some of the weak hands are raking a profit now!
However, if you buy at 3k, hold when it was 68k, sell at 20k instead to take profit and it goes to 30k instead, that would be wrong right? So this advice of holding is not to people who trade amazingly, it is to people who make wrong moves and end up losing all of their money, which happens daily.
Peter Schiff's words are nothing...
Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
For Peter Schiff this is nothing more than free publicity, he is always talking about why gold is better than bitcoin but most of the time no one listens to him as bitcoin is either bullish or in a ranging market, however now that we are in bear market Peter Schiff is trying to convince people to go to gold, and while there are some really awful investments out there investing in gold is not such a bad proposition, however when compared to the profits bitcoin can give and the time frame in which this will happen gold is nowhere near as good as bitcoin.Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
People should buy the dip now and if they want to accumulate more in the future and stop listening to the gold enthusiast if that's not your thing. Just think what was the Bitcoin price when it stayed at ATH price, can you buy that price to gain more BTC?
From the article : Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip'
Economist Peter Schiff predicts that the crypto market especially Bitcoin and Ether will continue to crash due to the need to cash out.
He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k.
He stated the reason why this thing will happen and said that holders need to sell because of the ever-increasing price of commodities.
When I read this article I was like.. is he on drugs?. Why wouldn't I buy this dip? This is like a Bitcoin on sales. Even if the Bitcoin market stays in bear trend in years, it will become bullish after this trend. We have seen it several times. I think he is forgetting the trading law of buy low sell high and if we can buy lower that will be better. Now I fully understand why many crypto enthusiasts ignore most of Peter Schiff advice.
How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further?
Forget about Peter as he is no good for crypto, and only fools will probably believe on him. Why not buy at this dips? This is the best moment that we have been waiting for so we should always prepare for a maximum purchase this time as bitcoin has finally reached its best buying moment at its very affordable price. Those who want to invest in crypto, now is the best time to invest and not when the market is bullish as many people are blinded by it. Economist Peter Schiff predicts that the crypto market especially Bitcoin and Ether will continue to crash due to the need to cash out.
Quote
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K.
He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k.
Quote
Bitcoin looks poised to crash to $20K and Ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money.
He stated the reason why this thing will happen and said that holders need to sell because of the ever-increasing price of commodities.
Quote
The need to sell bitcoin to pay the bills will only get worse as the recession deepens and many Hodlers lose their jobs, especially those working for soon to be bankrupt blockchain companies.
When I read this article I was like.. is he on drugs?. Why wouldn't I buy this dip? This is like a Bitcoin on sales. Even if the Bitcoin market stays in bear trend in years, it will become bullish after this trend. We have seen it several times. I think he is forgetting the trading law of buy low sell high and if we can buy lower that will be better. Now I fully understand why many crypto enthusiasts ignore most of Peter Schiff advice.
Quote
Most bitcoin proponents continue to ignore all bitcoin and crypto predictions made by Schiff, with many seeing his gloomy expectations as a buy signal for BTC.
“Possibly the most consistently bad investment advice on public record,” one Twitter user wrote. Another asked Schiff: “Check bitcoin or Ethereum 5-year charts, then check gold’s. Which would you rather have held? Which would you rather hold for another 5 years?”
“Possibly the most consistently bad investment advice on public record,” one Twitter user wrote. Another asked Schiff: “Check bitcoin or Ethereum 5-year charts, then check gold’s. Which would you rather have held? Which would you rather hold for another 5 years?”
How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further?
Peter Schiff's words are nothing...
Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
For Peter Schiff this is nothing more than free publicity, he is always talking about why gold is better than bitcoin but most of the time no one listens to him as bitcoin is either bullish or in a ranging market, however now that we are in bear market Peter Schiff is trying to convince people to go to gold, and while there are some really awful investments out there investing in gold is not such a bad proposition, however when compared to the profits bitcoin can give and the time frame in which this will happen gold is nowhere near as good as bitcoin. Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k.
Quote
Bitcoin looks poised to crash to $20K and Ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money.
It looks like Peter Schiff's intel is on spot this time. Bitcoin even crash below $19k. But still I won't heed Peter Schiff's advice of not buying the Dip. It is like letting go of a discovered gold vein. It may look bad for Bitcoin holders because the paper loss is becoming bigger and bigger but it isn't necessarily a loss unless we sell. If we bought at $60k, now is the best time to lower our price entry point. If we buy $1000 worth of BTC at $60k, why not buy $10k worth of BTC @ $19,027 this time? By doing so, we can lower our Bitcoin price entry point to $22,752, and we can break even at $22,752 and profit beyond that.
I am confident that Bitcoin will recover and it will give us new ATH. It has been proven by history and I believe it will be proven once again.
Peter Schiff's words are nothing...
Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
Peter is not a great financial advisor, he is just an old man who loves gold. I have known bitcoin for more than 4 years and so far the price of BTC is very volatile. bitcoin will definitely be bullish again because many are waiting for the bitcoin price to go down (dip) to buy more and sell when the price has gone up again.
From the article : Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip'
Economist Peter Schiff predicts that the crypto market especially Bitcoin and Ether will continue to crash due to the need to cash out.
He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k.
He stated the reason why this thing will happen and said that holders need to sell because of the ever-increasing price of commodities.
When I read this article I was like.. is he on drugs?. Why wouldn't I buy this dip? This is like a Bitcoin on sales. Even if the Bitcoin market stays in bear trend in years, it will become bullish after this trend. We have seen it several times. I think he is forgetting the trading law of buy low sell high and if we can buy lower that will be better. Now I fully understand why many crypto enthusiasts ignore most of Peter Schiff advice.
How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further?
Peter is one of those crypto antagonists who always say the opposite things about bitcoin. So if a single person ends up believing in him, its like he always chose to lose than to earn in crypto. And right now, bitcoin has become more bearish wherein it signals the best entry in the crypto market. So there's no reason not to buy in dips, as it opens good opportunities to buy more of bitcoin while its price has become so affordable since we hardly see bitcoin falling in a very low price level. Economist Peter Schiff predicts that the crypto market especially Bitcoin and Ether will continue to crash due to the need to cash out.
Quote
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K.
He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k.
Quote
Bitcoin looks poised to crash to $20K and Ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money.
He stated the reason why this thing will happen and said that holders need to sell because of the ever-increasing price of commodities.
Quote
The need to sell bitcoin to pay the bills will only get worse as the recession deepens and many Hodlers lose their jobs, especially those working for soon to be bankrupt blockchain companies.
When I read this article I was like.. is he on drugs?. Why wouldn't I buy this dip? This is like a Bitcoin on sales. Even if the Bitcoin market stays in bear trend in years, it will become bullish after this trend. We have seen it several times. I think he is forgetting the trading law of buy low sell high and if we can buy lower that will be better. Now I fully understand why many crypto enthusiasts ignore most of Peter Schiff advice.
Quote
Most bitcoin proponents continue to ignore all bitcoin and crypto predictions made by Schiff, with many seeing his gloomy expectations as a buy signal for BTC.
“Possibly the most consistently bad investment advice on public record,” one Twitter user wrote. Another asked Schiff: “Check bitcoin or Ethereum 5-year charts, then check gold’s. Which would you rather have held? Which would you rather hold for another 5 years?”
“Possibly the most consistently bad investment advice on public record,” one Twitter user wrote. Another asked Schiff: “Check bitcoin or Ethereum 5-year charts, then check gold’s. Which would you rather have held? Which would you rather hold for another 5 years?”
How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further?
He is not 100% wrong. Just because there will be a recession doesn't mean that we will be doing terrible in the future, but there is a high chance that it could happen. Crypto was our way out of the markets and that means when there is a recession, we should be going high because people should be moving further away from the fiat world and move into crypto, and that was literally the reason why it was created, literally on 2008 crisis as well.
The thing is if we believe his advice, we might miss out on a huge opportunity. Many people had missed out when Bitcoin was below 20k, would we want to miss out on this opportunity if in the future the price of Bitcoin reaches $250k? I bet we will be scratching our heads regretting why we did not invest in BTC when it is in discounted sales.
However, there is a good chance that people will not see this, just like they keep missing out many benefits of crypto, and instead opt for something that would be a little bit more like running away from it, I wouldn't be shocked.
More likely, there are still many people who ignore BTC and its importance and the opportunities it brings. And I feel sorry for those crypto active who is swayed by the advice of Peter Schiff.
How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further?
like now that the dumping starts to end and we can see some greening in the market condition showing how strong bitcoin position at 20k.
and also I am ready to whatever market goes now, because firstly? I am a Holder , second? i have learn to stand when the market shows weakness .
I'm more interested in going against the grain than having to follow other people's words, I'd rather buy on a downturn than have to wait for the market to go bullish again, remember now a price that we may never see again in the future, I prefer to go against what many people think say instead of having to follow it.
Most people are poor
Most people lose
so going against the grain is the only way that will make you profit
I'm more interested in going against the grain than having to follow other people's words, I'd rather buy on a downturn than have to wait for the market to go bullish again, remember now a price that we may never see again in the future, I prefer to go against what many people think say instead of having to follow it.
He is also one of those who propagate negative things about bitcoin so I usually ignore his tweets.
It is true that bitcoin could fall even further possibly below $20k in the near term, but that doesn't mean we should wait for bitcoin to drop. Bitcoin is a long term investment buy it now and hold it for the next 2 3 years it will definitely pay off so no need to take the advice of a bitcoin hater and miss out golden opportunity.
You ignore his tweets but at the same breathe you agree with what he said that bitcoin could go down much further is the most palpable. I would agree with you regarding buying bitcoin right now but given the current winter in the market, I think that we have to wait it out a little, try to make sure that you can get the most out of what amount you're shelling out.It is true that bitcoin could fall even further possibly below $20k in the near term, but that doesn't mean we should wait for bitcoin to drop. Bitcoin is a long term investment buy it now and hold it for the next 2 3 years it will definitely pay off so no need to take the advice of a bitcoin hater and miss out golden opportunity.
Everyone wants to buy at the lowest price but it's all guesswork, there's no guarantee everything will be right. My prediction is still under 20k but I am still buying at current price and not having to buy one time, using DCA strategy is optimal for the current situation instead of waiting and hoping bitcoins will go their way we think. While everyone expected bitcoin to drop below $20k, the market is likely to do the opposite, always have a plan B.
Quote
Look
If you had
One shot
Or one opportunity
To seize everything you ever wanted
In one moment
Would you capture it
Or just let it slip?
Yes, I will capture it because I don't know if that is the last opportunity for me to embrace such a good things in the community. This is the opportunity many traders has been hoping to see in crypto market before they can buy and hold for the bullish season to come before they can sell to make a good money. I believe the crypto price has decreased to a level where traders can buy huge amount of coins and hold for future purpose. If you had
One shot
Or one opportunity
To seize everything you ever wanted
In one moment
Would you capture it
Or just let it slip?
Exactly taking coins out of public circulation will push the price up.
This person is already expected to make statements like this, especially negative things about Bitcoin.
We all know that this guy is a Gold maximalist and I don't know why he always attacks Bitcoin instead of shutting up with his gold?
Well, we should respect his views and opinions, this guy has his own belief about Bitcoin and Gold.
I wonder why this is any news at all, when the market is bullish the advice of Peter Schiff is to not buy bitcoin, when it is in a ranging market he also advises to not buy bitcoin, and when we are in a bear market the advice remains the same, so why does it matters what he says when regardless of the circumstances the advice will remain the same? As such there is not really a reason for people to listen to him as we know what his opinions are about bitcoin and the market in general. We all know that this guy is a Gold maximalist and I don't know why he always attacks Bitcoin instead of shutting up with his gold?
Well, we should respect his views and opinions, this guy has his own belief about Bitcoin and Gold.
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