Peter Schiff on Bitcoin - page 4. | Bitcointalksearch.org

101111

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Quote from: joae1975 on July 27, 2014, 04:17:55 PM

Quote from: leezay on July 27, 2014, 01:57:15 PM

Has he change his view on bitcoin yet?

He was right on real estate, but dead wrong on bitcoin.

Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is.

And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.

I don't think the whole community laughs at him, more like they are sad that he can't understand it. To him bitcoin is a ponzi scheme and he has long been an outspoken critic of it. He does not merely say it is in a bubble, which even some bitcoiners may at times agree with, but that it has no value at all.

joae1975

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Quote from: leezay on July 27, 2014, 01:57:15 PM

Has he change his view on bitcoin yet?

He was right on real estate, but dead wrong on bitcoin.

Everybody laughed at him all the way up until the housing crisis occurred. People are laughing at him now regarding the crash of USD. Now all of the people that laughed at him won't even talk to him. The whole bitcoin community laughs at him. I think he's right. Bitcoin is a bubble. Peter says, "If it looks like a bubble, walks like a bubble, and quacks like a bubble, it's probably a bubble. And if there's one thing I know, it's bubbles." When/if bitcoin goes main stream, all of the early adopters holding hundreds or thousands of bitcoins will cash out all at once. Then it will crash. Bitcoin is a means to something greater. Only time and ingenuity will tell what that is.

And keep in mind that Peter doesn't really accept bitcoin for gold. He uses bitpay.

leezay

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SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN

Has he change his view on bitcoin yet?

He was right on real estate, but dead wrong on bitcoin.

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: joae1975 on July 27, 2014, 09:52:43 AM

Devils advocate. What's backing bitcoin?

Bitcoins, like precious metals, don't need backing because they are scarce. It's paper, which is not scarce, that needs to be backed with something like gold or bitcoins that are limited in supply.

Erdogan

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Quote from: joae1975 on July 27, 2014, 09:52:43 AM

Quote from: shawshankinmate37927 on July 27, 2014, 08:08:43 AM

Peter Schiff and the mythological belief in "intrinsic value" that he and others have is discussed with Tuur Demeester on the most recent episode of the Ed and Ethan show:

https://www.youtube.com/watch?v=iLxNp44tRSE&list=UUX-pglnBfZBq9r-BxsLQznQ

Devils advocate. What's backing bitcoin?

joae1975

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Quote from: shawshankinmate37927 on July 27, 2014, 08:08:43 AM

Peter Schiff and the mythological belief in "intrinsic value" that he and others have is discussed with Tuur Demeester on the most recent episode of the Ed and Ethan show:

https://www.youtube.com/watch?v=iLxNp44tRSE&list=UUX-pglnBfZBq9r-BxsLQznQ

Devils advocate. What's backing bitcoin?

shawshankinmate37927

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Activity: 854

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Bitcoin: The People's Bailout

Peter Schiff and the mythological belief in "intrinsic value" that he and others have is discussed with Tuur Demeester on the most recent episode of the Ed and Ethan show:

https://www.youtube.com/watch?v=iLxNp44tRSE&list=UUX-pglnBfZBq9r-BxsLQznQ

Lord F(r)og

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Quote from: ?? on ??

Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?

Quote from: MoonShadow on November 15, 2013, 08:59:56 PM

Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?

This idiot copies other people's statements all over the place. Check his latest posts.

joae1975

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Quote from: ?? on ??

Can't think of a witty response, Mr. President? Or have you finally decided you have better things to do than attend class?

I'm not following you?

joae1975

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Added:
July 24th, 2014
Naomi Brockwell, aka "BitcoinGirl", is on Peter's show.
https://dl.dropboxusercontent.com/u/21580995/NaomiBrockwell_072414.mp3

Nothing new. I haven't posted much recently because he keeps saying the same thing over and over. Bitcoin is a bubble, it has no intrinsic value, etc...

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

I think I read somewhere that his company is now actually accepting bitcoin.

unpure

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Quote from: joae1975 on May 22, 2014, 02:33:02 PM

Peter's gold company is accepting bitcoin now. LOL!!

Peter is a salesman. He is pumping gold not much different than many people here pumping new coins.

joae1975

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Peter's gold company is accepting bitcoin now. LOL!!

joae1975

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Added 2/28/2014

Peter talks about the downfall of Mt. Gox and there's a small I told ya so in there. Also talks a little about gold vs bitcoin at the end.

https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.28.2014.mp3

joae1975

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Added more audio. I got a little behind. He ranted last Thurs/Fri. But yesterday (2/25) was especially good. There was a good caller on too. Told Peter how he turned 10 btc into 300 by trading. Peter quickly called it gambling, funny!

Feb. 20th, 21st, & 25th, 2014
Mt. Gox and Peter...
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.20.2014.mp3
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.21.2014.mp3
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.25.2014.mp3

joae1975

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Eric Voorhees was on the Tom Woods show
http://www.schiffradio.com/pg/jsp/verticals/archive.jsp

joae1975

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Quote from: ?? on ??

It's a really good threads you have here, please keep it up.

Thanks! Peter talked a little yesterday (2/17) about it but nothing new. A couple callers on it but they had nothing to add. Pointless for me to post it.

joae1975

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Quote from: shawshankinmate37927 on February 16, 2014, 08:13:24 PM

Quote from: joae1975 on February 16, 2014, 07:16:32 PM

Added:

Feb. 13th, 2014
Peter talks about some technical support levels of bitcoin, etc.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.13.2014.mp3

Feb. 14th, 2014
Peter talks about btc prices on Mt. Gox vs Bitstamp. He admittedly doesn't understand why they're different. He takes some calls on it.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.14.2014.mp3

Both of those links are to the same audio.

Fixed. Thank you.

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: joae1975 on February 16, 2014, 07:16:32 PM

Added:

Feb. 13th, 2014
Peter talks about some technical support levels of bitcoin, etc.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.13.2014.mp3

Feb. 14th, 2014
Peter talks about btc prices on Mt. Gox vs Bitstamp. He admittedly doesn't understand why they're different. He takes some calls on it.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.13.2014.mp3

Both of those links are to the same audio.

joae1975

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Activity: 752

Merit: 500

Added:

Feb. 13th, 2014
Peter talks about some technical support levels of bitcoin, etc.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.13.2014.mp3

Feb. 14th, 2014
Peter talks about btc prices on Mt. Gox vs Bitstamp. He admittedly doesn't understand why they're different. He takes some calls on it.
https://dl.dropboxusercontent.com/u/21580995/Peter.Schiff.bitcoin.2.14.2014.mp3

Topic: Peter Schiff on Bitcoin - page 4. (Read 38888 times)