Peter Schiff btc critic posts standing infront of bitcoin sign at the airport - page 2.

rdbase

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Quote from: Doan9269 on July 14, 2024, 07:15:23 AM

Quote from: rdbase on July 10, 2024, 06:42:31 AM

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.

Except if its a fake statistic you will discover online where gold has out smart bitcoin in performance for profitability, without the existence of bitcoin spot ETF, bitcoin market price will still pump and rises, it may only have to be on a different time not earlier than we had already after the approval of bitcoin spot ETF.

Quote from: rdbase on July 10, 2024, 06:42:31 AM

So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

People like this cannot be predicted, his own son in investing on what he is preaching against, this call for a second thought on the situation on ground, it might be that he is taking advantage of the public toward propagating false informations about bitcoin while he has investments in that same bitcoin or he is rather doing that in other to get fame from the people and government.

How so how old is his son because if older than 21 years of age he is illegally allowed to invest into whatever he wants too without any adult co-signee involved. Dependent on the state that they reside in of course.
Remember each States of the US have different age requirements to do things such as legal age to drink for instance.

Schiff looks around 60 years old so his son has to be no younger than 16. So if he still is living with him (daddy warbucks Grin

) then he would have to abide by his father's rules of the house.
Wouldn't you agree?

Doan9269

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.

Except if its a fake statistic you will discover online where gold has out smart bitcoin in performance for profitability, without the existence of bitcoin spot ETF, bitcoin market price will still pump and rises, it may only have to be on a different time not earlier than we had already after the approval of bitcoin spot ETF.

Quote from: rdbase on July 10, 2024, 06:42:31 AM

So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

People like this cannot be predicted, his own son in investing on what he is preaching against, this call for a second thought on the situation on ground, it might be that he is taking advantage of the public toward propagating false informations about bitcoin while he has investments in that same bitcoin or he is rather doing that in other to get fame from the people and government.

YUriy1991

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles:
"It's because #Bitcoin is shield against hyperinflation in Turkey."

The reason is exactly what @Willy Woo tweeted and I have heard several questions and answers from the social media asking why many Turkish citizens like to invest in BTC because of the inflation factor where the price of their currency has fallen sharply where 1 Turkish Lira is equal to 0.0302 United States Dollar, maybe at least almost 70 percent are familiar with BTC, of course the younger generation is dominant. If we want to travel like Peter Schiff to Türkiye, maybe the time is quite right now because everything is quite affordable.

kryptqnick

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It makes sense for a country suffering from hyperinflation to be crypto-friendly. That doesn't mean that Turkey can rely on such sporadic Bitcoin acceptance without fixing its economy, but it's good to have Bitcoin as an option.
When I google Schiff and Bitcoin, there are very recent statements from just a few days ago in which Schiff is calling Bitcoin a 'fraud', encouraging people to sell it, etc. So no, he certainly hasn't changed his opinion. Perhaps his tweet is more in a sense that the topic of Bitcoin is haunting him.

pooya87

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In all seriousness comparing gold and bitcoin is wrong because bitcoin is still in its adoption phase while gold has had its adoption. In other words gold doesn't have that potential to grow while bitcoin is all potential to grow.

Even the recent gold rise in the past two years is because of the global tensions and because countries are dedollarising and buying gold to back their economy and fiat. That means if global tensions came down today, gold price would drop back to $1000 and below again. Meanwhile bitcoin would still continue to go up in the long run.

Lucius

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Quote from: GbitG on July 12, 2024, 04:08:55 PM

Lol,

Bitcoin will never outperform Gold !
I am unable to understand how people try to degrade what is considered to be one of the best assets of the present era. What is called financial revolutionary guidance means revolutionary coin is considered.
~snip~

There are various reasons why people have a bad opinion about BTC, whether it is that they are not intelligent enough to understand what it is all about, or they are just very angry because they did not understand what it was about in time, so now they are expressing their anger through negativity towards BTC in the hope that it will fail one day.

Let's be realistic, the average person in an average country is instrumentalized to such an extent that he blindly listens to the mainstream media, which is of course the service of every government that influences public opinion through them. If you look at the past, the same media have declared BTC "dead" somewhere around 500 times so far, and probably thousands of articles have been written where BTC was brought into the context of scams, money laundering, terrorist financing and of course bad impact on the environment.

When you look at all this in a wider context, it is clear why the adaptation of BTC among people is relatively low considering that it has been around for 15 years.

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Quote from: pooya87 on July 11, 2024, 07:28:52 AM

-Snip-

Quote

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.

Very accurate statement, bitcoin will never outperform gold Cheesy

It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.

Lol,

Bitcoin will never outperform Gold !
I am unable to understand how people try to degrade what is considered to be one of the best assets of the present era. What is called financial revolutionary guidance means revolutionary coin is considered.

So it's meant to say that if Bitcoin didn't overperform, people wouldn't even consider it a revolutionary financial asset. But in fact, Bitcoin has proved that there is no better asset than Bitcoin which can reach its price milestone within a few years. Yes, we do not condone that Gold is a bad investment asset, but we also do not say that Gold is better than Bitcoin. A hint is sufficient for the rest of the discerning servants.

Lucius

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Quote from: pooya87 on July 11, 2024, 07:28:52 AM

~snip~

Quote

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.

Very accurate statement, bitcoin will never outperform gold Cheesy

It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.

We can also add his statement from 2015 that the price of gold will reach $5000 per ounce. If by some chance he had thought more positively about Bitcoin in the same year, he could have bought it for just a little more than $200 per coin - and maybe then today he would not have had to do anything in his life, given that he would have a lot of money. However, I may be wrong, because some people never have enough, no matter how many millions or billions they have in their accounts.

Quote from: https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/peter-schiff-euro-pacific-capital-gold-price/

Peter Schiff, president and CEO of investment firm Euro Pacific Capital, recently predicted that the gold price will reach $5,000 per ounce. That’s hundreds of dollars away from its 2011 high point of about $1,900. Let us know if you agree in this survey.

pooya87

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I wouldn't use the term "critic" to describe people like Schiff who say a bunch of nonsense about a topic in the media to attract attention when they receive a lot of debunking from those who understand that topic. Such people are more like attention whores than anything else. Why they do it differs from person to person, Schiff seems to just be advertising gold to hype it up and make profit.

Quote

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.

Very accurate statement, bitcoin will never outperform gold Cheesy

It's not like bitcoin price has gone up from something like $0.001 to $70000 and it's not like that rise is a 7 billion percent profit (7000000000%) and gold has gone up how much? From like $900 to $2400! That's not even 200% LOL.

rdbase

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Quote from: NeuroticFish on July 10, 2024, 11:35:04 AM

Quote from: rdbase on July 10, 2024, 06:42:31 AM

Hardcore bitcoin critic

Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.

He has to be invested into it. You know how these corporate guys roll.
They don't do what they say in public because it is all camouflage of what they are really doing behind the scenes when it comes to money.
Remember Kevin O'Leary when FTX fell several years ago? He was an ambassador for that circus then he was became evangelical about how the industry was in need of immediate crypto regulation.
Last time I saw him talk about cryptocurrency was while advertising his new venture WonderFi which swallowed up another cryptocurrency exchange when he suddenly wanted to run an exchange. So in his eyes, to undo the wrongs of him being the face of one of the biggest cryptoexchange collapses in recent times.
As for his son being into bitcoin, this might just be one of those ploys to get a narrative for one of his own turning against "the man" so to get some clout out of his elderly followers to do a search of what bitcoin is.

His company does take payment in BTC after all. Wink

Lucius

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

~snip~
So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

He is just playing his game and using BTC for his own promotion - after all the goal is to convince as many people as possible to invest in gold. Considering that talking about gold obviously doesn't have much effect, he found something to use as bait. As for his son, it's a story a few years old when they were fighting on social media (maybe they still do). At the time, it wasn't entirely clear to me whether his son was really against his father's ideas or was just helping him in what he was doing otherwise.

Besides, does Peter know that Bitcoin as a currency is banned in Turkey?

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

It's really hard to say though, I mean this personalities could have been using this smoke screen (going anti-crypto), but then again are slowly accumulating Bitcoin overtime and he could be a bag holder for now. And for me, another thing of beauty as we are all (pseudo) anonymous and can hide thru Bitcoin in a good way and not let others know that we have a lot personally being kept somewhere else.

See, his son is found to be holding Bitcoin, so there is a chance that he himself is also holding it secretly.

As far as Turkey, ‘Basically a Savior’: Why Crypto Is So Popular in Turkey.

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."

Peter Schiff is very correct. Bitcoin cannot be overlooked in any financial setup. Its adoption is growing and Bitcoin now has a presence in also all the countries of the world.

Quote

So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

People are free to change their views about anything when they learn and gain a better understanding. Some core critics ended up swallowing their pride and embracing Bitcoin. But I think Peter Schiff is too proud to accept the truth openly. In May this year, I got from an online blog that he said he wished he bought Bitcoin in 2010. Some of these critics might be secret investors, after all, Bitcoin's transactions are pseudonymous.

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Quote from: NeuroticFish on July 10, 2024, 11:35:04 AM

~Snipped

Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.

Of course, I've known that from the onset. Most times people hate something, they have a vested interest in it. I've observed most of the tweets from Peter Schiff to know that he is a bitcoin holder. In the world today, most things we see online are often not the way they're presented or seen. He doesn't have to be right about his bitcoin criticism to make money from it.

CLS63

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In the first image it says this in Turkish: Buy, sell Bitcoin and cryptocurrencies easily! Buy, sell shares easily!

Because there is a hyperinflation in Turkey as you have said, people are searching for different investment tools to maintain the value of their money. They see cryptocurrencies as an option.

BTCTurk is the oldest and biggest cryptocurrency exhange in Turkey. They got hacked recently unfortunately. Sad

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

Hardcore bitcoin critic

Come on, it's just his way of advertising. Who on earth would pay so much attention to Bitcoin only to write against it?! No. He must be (also) invested in bitcoin.

ChiBitCTy

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Peter Schiff is an absolute clown, and I can't stand the guy. Anyone who thinks that investing your money in precious metals alone or that precious metals and bitcoin are alternatives to each other I think is fooling themselves. I think a big part of his "act" is just that, being an "act". He makes a lot of noise because it gets him a lot of attention. Just like right now we are discussing him and he loves that fact.

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Quote from: rdbase on July 10, 2024, 06:42:31 AM

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.

"In God we trust, for others bring data". It says all.

Peter Schiff does it many years and he is always against Bitcoin as one of his initiatives to convince people spending money to buy gold.

Data, we have it with ROIs for Bitcoin and gold.
https://casebitcoin.com/

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Bitcoin & Traditional Assets ROI (vs USD)

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I would say that he has been eaten out of character and I doubt whether he is playing a role. He is a smart guy, he understands the monetary system very well, he understands inflation, he is a very good investor, he has amassed a net worth of $80M, and he is relatively young, he is not like Buffet who will never understand Bitcoin in what little time he has left. I think part of his attitude is also the interests he has. He's invested in gold and emerging markets through his fund, which is what he's trying to sell. But he has been talking for some time about making a shitcoin backed by gold, so he is not completely opposed to cryptocurrencies. But his obsession with Bitcoin being a Ponzi and going to 0 for more than a decade is ridiculous.

rdbase

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Hardcore bitcoin critic and gold bug Peter Schiff posted on his x account a sign at the airport of where he was vacationing with the caption:
"I'm in Istanbul and look what I came across. There are some things you just can't escape from."

https://x.com/PeterSchiff/status/1810663017266487638

While Willy Woo, an advocate of bitcoin posts several hours later along with a chart showing it is a benefit for their economy struggles:
"It's because #Bitcoin is shield against hyperinflation in Turkey."

https://x.com/PeterSchiff/status/1810663017266487638

Haven't tried to translate what is said but it has to be for the greater good since they have a QR code.

Just found it as an interesting thing for someone who told his clients to sell bitcoin because it will never out do gold.
Yet it is gaining ground on the precious metal at the beginning of the year due to the release of the bitcoin spot etf.
https://blockworks.co/news/bitcoin-etfs-gold-funds-flippening

So my question is, is Schiff slowly accepting bitcoin as something to hold on to alongside gold or still completely bearish on it's existence?
I heard a few months ago his own son is holding some bitcoin which I found hilarious.

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