Pages:
Author

Topic: Peter Schiff on Bitcoin - page 2. (Read 38888 times)

hero member
Activity: 784
Merit: 500
September 28, 2014, 05:53:51 PM
Sept 20th, 2014
Peter talking bitcoin on his new podcast:
http://youtu.be/lMfoFlJhcck?t=1h5m45s


I hope more people "use" the BTC so this madness will make some stabilisation.

And i think he is wrong about bitcoin. He is trying to make people buy gold from him using Bitcoins ? AHAHAHAHA ? Check 1:26:20. pathetic...
hero member
Activity: 752
Merit: 500
September 28, 2014, 04:24:46 PM
Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.

I think that your PM holdings are too small. With the coming unraveling of fiat and the collapse of derivatives, precious metals to the moon. And only what is in your hand do you really own!

Of course with this collapse it will trigger widespread death and destruction as war engulfs the planet.

Do you have a hardened shelter beneath your castle? How many BTC or ounces of gold will a room cost? Wink
LOL!
45% btc is way too much IMHO.  No NXT?  You need more financials, i.e. foreign stocks.
And did I miss something?  What's Monero?  I googled it, but don't feel like sorting through the BS.  Can someone sum it up for me?
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
September 28, 2014, 09:59:29 AM
Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.

I think that your PM holdings are too small. With the coming unraveling of fiat and the collapse of derivatives, precious metals to the moon. And only what is in your hand do you really own!

Of course with this collapse it will trigger widespread death and destruction as war engulfs the planet.

Do you have a hardened shelter beneath your castle? How many BTC or ounces of gold will a room cost? Wink
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
September 28, 2014, 09:55:57 AM
A lot of these precious metals hoarders can not see the potential of a virtual asset. It is not in their blood. He is a very intelligent man but his family was screwed over by the Banksters so he does not trust anything that is not physical.

Denniger is the one I don't get. He thinks that digital coinage and precious metals are a terrible investment.
hero member
Activity: 525
Merit: 500
September 25, 2014, 07:03:01 PM
It was the inflation adjusted 'gain' if you like, obviously not what had been returned in dividends or it would have been zero. Or less than zero if you factor in buying/selling/storing/etc.
legendary
Activity: 1680
Merit: 1035
September 25, 2014, 01:41:54 PM
I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?
Gold doesn't pay dividends.  It returns 0%.  Gold protects against inflation, plain and simple.

Returning 0% as compared to an inflationary currency doesn't protect against inflation. It goes right along with it. It protects against sudden hyperinflation maybe.
hero member
Activity: 752
Merit: 500
September 25, 2014, 12:27:04 PM
I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?
Gold doesn't pay dividends.  It returns 0%.  Gold protects against inflation, plain and simple.
hero member
Activity: 525
Merit: 500
September 25, 2014, 10:24:49 AM
I just read an interesting tidbit and I assume Peter knows this:

Wharton's Jeremy Siegel found that from January 1802 through June 2013 gold returned 0.6%.

So after Peter's cut, there's not much there for his investors speculators.

I won't question his ethics, who am I to judge?
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
September 23, 2014, 09:29:19 PM
If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%

So... not 95%? Damn... Maybe I'm being too risky. Then again, I do like to live dangerously vicariously  Grin

If I had a small portfolio, I would invest 50% in bitcoin, 50% in monero.
Monero isn't worth 1% of my small portfolio.
hero member
Activity: 525
Merit: 500
September 23, 2014, 08:27:59 PM
Peter talking bitcoin on his new podcast:

http://youtu.be/lMfoFlJhcck?t=1h5m45s

just listened to it......

schiff is basically saying bitcoin is useless, and is gloating that bitcoin is dying and saying that he was right.

peter schiff is the biggest retard out there.
Thanks, I might have listened to that, you saved my time
hero member
Activity: 854
Merit: 1000
September 23, 2014, 02:20:42 PM
Lol...he says he doubt's it will be back over $400, yet today it is $443!
legendary
Activity: 1512
Merit: 1005
September 23, 2014, 12:18:16 PM
I like the guy, but I have to admit, he is slow.
hero member
Activity: 752
Merit: 500
September 23, 2014, 11:39:12 AM
Peter talking bitcoin on his new podcast:

http://youtu.be/lMfoFlJhcck?t=1h5m45s
full member
Activity: 213
Merit: 100
August 23, 2014, 02:42:46 PM
Im debating if I want to put 50% of my BTC in Monero right now  Embarrassed

If you know what you are doing and have an exit strategy, you can do whatever you want.

Remember not to gamble on what you can not afford to lose.
newbie
Activity: 28
Merit: 0
August 23, 2014, 11:55:49 AM
Im debating if I want to put 50% of my BTC in Monero right now  Embarrassed
donator
Activity: 1722
Merit: 1036
August 23, 2014, 10:02:50 AM
When will Monero explode?

I'd say less than a month. It's already up 20% per 7 days. But let's keep this thread clean Smiley
member
Activity: 70
Merit: 10
August 22, 2014, 01:24:02 PM
When will Monero explode?
donator
Activity: 1722
Merit: 1036
August 22, 2014, 03:47:15 AM
If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%

So... not 95%? Damn... Maybe I'm being too risky. Then again, I do like to live dangerously vicariously  Grin

If I had a small portfolio, I would invest 50% in bitcoin, 50% in monero.
legendary
Activity: 1680
Merit: 1035
August 22, 2014, 01:49:11 AM
Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.

So... not 95%? Damn... Maybe I'm being too risky. Then again, I do like to live dangerously vicariously  Grin
donator
Activity: 1722
Merit: 1036
August 22, 2014, 12:56:51 AM
Bitcoin's price development since 2009-1-3 (the inception) correlates 0.935 with an exponential trendline.

If I had a medium sized investment portfolio (I do), I would allocate as follows:

Bitcoin 45%
Monero 5%
Real Estate 20%
Small Business & Projects 10%
Cash, financial instruments 10%
Gold 5%
Silver 5%.

If you don't want to invest 50% in crypto, just invest 5-10% and it will become 50% spontaneously in 1 year, should the trend continue.
Pages:
Jump to: