Topic: Peter Schiff on the recent bitcoin sell off (Read 1301 times)
he's just trying to sell gold...
He needs to get his facts right, too. He declared that there is no place you can borrow bitcoins to go short, for instance.
What is interesting about bitcoin is you have to actually find someone willing to lend you their coins in order to short and then pay them a fee to do so. (i.e. go to Bitfinex and borrow coins)
This is highly different from gold where they just create paper and sell that for free today.
He needs to get his facts right, too. He declared that there is no place you can borrow bitcoins to go short, for instance.
He said bitcoin was stable at 600, hello it was crazy wild swings from 900 to 400 back to 800 down to 600 back to 700 crazy yoyothis guy....
He needs to get his facts right, too. He declared that there is no place you can borrow bitcoins to go short, for instance.
Man that guy is unlistenable. It takes him several minutes just to say price went down in 2014, then he compares it briefly to the price going up the year before, as if those two moves are comparable in magnitude. Then he picks the dumbest explanation for the drop and proceeds to say that it is dumb. Then I couldn't take anymore.
What is his dumb explanation for the drop?
sry ppl selling to invest in alibaba.
Man that guy is unlistenable. It takes him several minutes just to say price went down in 2014, then he compares it briefly to the price going up the year before, as if those two moves are comparable in magnitude. Then he picks the dumbest explanation for the drop and proceeds to say that it is dumb. Then I couldn't take anymore.
What is his dumb explanation for the drop?
Who the hell has the patience for two Schiff hours. Post a cliffnote summary dude.
Man that guy is unlistenable. It takes him several minutes just to say price went down in 2014, then he compares it briefly to the price going up the year before, as if those two moves are comparable in magnitude. Then he picks the dumbest explanation for the drop and proceeds to say that it is dumb. Then I couldn't take anymore.
Just read Eric Voorhees open letter to Peter Schiff again and you'll feel better: http://www.reddit.com/r/Bitcoin/comments/1rxmk3/my_open_letter_to_peter_schiff_followup_from_the
Man that guy is unlistenable. It takes him several minutes just to say price went down in 2014, then he compares it briefly to the price going up the year before, as if those two moves are comparable in magnitude. Then he picks the dumbest explanation for the drop and proceeds to say that it is dumb. Then I couldn't take anymore.
Quite funny to hear this permabear's explanation. 
https://www.youtube.com/watch?v=lMfoFlJhcck#t=65m49s
https://www.youtube.com/watch?v=lMfoFlJhcck#t=65m49s
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