Peter Schiff son buys more bitcoin against his advise - page 3.

kotajikikox

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Quote from: cryptomaniac_xxx on September 08, 2020, 05:29:04 AM

https://twitter.com/PeterSchiff/status/1303009420713111553

Peter Schiff twitted that his son buy more bitcoin against his advise. Then Peter in turn put up a poll as to who's advise someone will follow, his or his son. An overwhelming 80++% voted for the kid move to get into bitcoin. Grin

, Lol, he should follow his kid's advise as well and get into BTC, or is he secretly stashing already?

What is Peters purpose publicising this?telling the world His son is not under His control or just to show that youngster now really loves Bitcoin?or even altcoins.

This is not something a parent can be proud but this is Crypto market wanna hear.

Lets assume this is the start of many college youngsters starts investing and liking crypto currencies.

LogitechMouse

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Its quite funny and at the same time, this is like a slap on the face on his father.

This just shows that experience doesn't matter when it comes to this matter. I'm curious about how his father is feeling right now since he created the poll and it went into the way that he doesn't expected to. This just shows that Bitcoin will be safe for the next generation because we see some kids who understands how it works already. Even if I'm in the position of the son, I will choose the kid too and not him Cheesy

.

Sadlife

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This is why i love the internet, its free from censorship and bias Grin

Clearly his son surpasses him despite being a experienced/business owner, and in time he might change his mind once he has clear knowledge on how digital assets works.
This goes to show don't follow financial advise from so called experts, always do your own research because they do not know everything and not everything they say is right.

HardFacts

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Quote from: bitsurfer2014 on September 08, 2020, 05:30:34 PM

Fudding Bitcoin to accumulate more has been a proven tactic by some well known individuals and this could be a possible reason on his persistent stance against Bitcoin.

PETER SCHIFF owns GOLD, and buys it all the time. Peter Schiff constantly promotes gold. How could you possibly think Peter Schiff talks bad about bitcoin so that he can buy it cheaply, but not talk bad about GOLD to make the price go down Huh

Bitserfer2014 obviously did not THINK before he posted the above statement Grin

MCobian

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I can't stop smiling at the poll results by Peter Schiff, they are truly epic. More than 80% of the voters voted for Spencer Schiff,
this is sure to blow Peter Schiff away. And this also proves Bitcoin's popularity is increasing and many people already think Bitcoin
is better than traditional investment. Hopefully Peter Schiff realizes his mistakes quickly, because experienced investors / business
are not always right.

Mahanton

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Quote from: cryptomaniac_xxx on September 08, 2020, 05:29:04 AM

https://twitter.com/PeterSchiff/status/1303009420713111553

Peter Schiff twitted that his son buy more bitcoin against his advise. Then Peter in turn put up a poll as to who's advise someone will follow, his or his son. An overwhelming 80++% voted for the kid move to get into bitcoin. Grin

, Lol, he should follow his kid's advise as well and get into BTC, or is he secretly stashing already?

Its up to his decision already if he do tend to follow on what most being suggested. 80% of the poll? He would really make up some consideration basing off that there are lots
who do really trust up bitcoin or he would simply just stand on his ground and follow strong into his own belief but it wont be surprising if he do changed up his mind and go along
with his son decisions or would be secretly stashing just for him not to be embarrassed that he did actually follow on son's suggestion.

Kelvinid

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win lambo...

Quote from: mk4 on September 08, 2020, 05:40:10 AM

You should've included the epic Tweet reply from Spencer Schiff himself Grin

:

https://twitter.com/SchiffSpencer/status/1303010333389467651

I'm still up to this day quite convinced that what mostly separates Austrian economists that are gold bugs from being bitcoiners is their technological literacy. I don't think it's a coincidence that people who are less technologically literate are the ones who dislike bitcoin with passion.

That is also what I supposed to think about. They know more than normal people, but they actually never see the good things in Bitcoin. It could be possible that this is against from their Business? Doubtedly that they have any and they want just to ruin Bitcoin for their own benefits, in fact, some big business owners are accumulating Bitcoin already which means that they are preparing the transition and it is nearly to happen one day.

I don't get their well, not even to understand why he hated Bitcoin. Or they are just loyal to the stock market.

bitsurfer2014

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Quote from: BrewMaster on September 08, 2020, 10:55:08 AM

i have seen enough people in real life and online that seemingly hate bitcoin so much and criticize those who bought it to the point that they are trying to change their mind and then i find out later that they have been buying bitcoin long before i even know about bitcoin.
the scarcity seems to have gotten to these people.
that is why i am not convinced that this guy isn't accumulating bitcoin himself and this is mostly like a social media fakeout to me.

Fudding Bitcoin to accumulate more has been a proven tactic by some well known individuals and this could be a possible reason on his persistent stance against Bitcoin.

Or ... the other reason is that maybe he was disappointed why he didn't bought BTC at the earliest when it was very very affordable. Grin

Jating

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The funny thing is that even Peter Shciff's follower voted on his son, Grin

.

Just shows how different where the time is, Peter is an old traditional fart, compare to his son, who is open minded has his own thinking as far as investment goes. Also doesn't surprise me if Peter is really into bitcoin, with all the shilling he is doing right now with BTC.

Sanugarid

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Quote from: Jawhead999 on September 08, 2020, 08:26:28 AM

Each generation changed and the world is changed too. You'll see so many things changed in the past just like transaction. In ancient era, if you want bread you need to give milk because fiat money not exist yet. After many years later, fiat money exist and you can buy almost everything with your money. And now we have Bitcoin.

Yeah I agree, younger generation tends to be more impatient than the older ones because of the internet and technology advancements that we had for years now. I can see that the generation now are into fast cheap money making cylinder like crypto, if you will ask an adult if he's into bitcoin or gold, he'd probably say bitcoin coz it's easy money in here, when it is literally not. It depends now on which is trendy isn't it?

Quote from: Jawhead999 on September 08, 2020, 08:26:28 AM

Most of old peoples are too worried, they always don't allow kids to do something new especially if he doesn't have any experience. Even though you didn't listen your parents advice, if you believe what you do... just do it and make them proud of you.

Cultured? coz they think they are more experienced, well indeed they have the more age of living and it means they got the experience of living the life longer but the opportunity now does not deal with how long you existed, buy bitcoin now or never.

pawanjain

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Nothing lasts forever

LOL

Is this some kind of joke or what ? It's funny though, seeing your own son getting more attention than yourself.
It's kind of free promotion for bitcoin. I guess he would have bought it now since the price has decreased recently.
Must be hard for Peter to digest this. Sometimes we must just accept what the harsh reality is.

LUCKMCFLY

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Apparently Peter Schiff is learning that sons are totally different people and cannot handle his thinking, his son has realized the potential that Bitcoin handles, not only because of its technology but because of the great value it has in profit of investment and trading.

AjithBtc

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Peter Schiff has earned good out of his stocks and investments. This has made him give more importance to businesses/investment than technology developed bitcoin. The son belong to the technology grown generation, and the same has made his son choose bitcoin.

All the above, from the polling results it is clear that majority of the Twitter users were young people, who fall on the technology driven generation.

BrewMaster

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There is trouble abrewing

i have seen enough people in real life and online that seemingly hate bitcoin so much and criticize those who bought it to the point that they are trying to change their mind and then i find out later that they have been buying bitcoin long before i even know about bitcoin.
the scarcity seems to have gotten to these people.
that is why i am not convinced that this guy isn't accumulating bitcoin himself and this is mostly like a social media fakeout to me.

pilosopotasyo

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Quote from: cryptomaniac_xxx on September 08, 2020, 05:29:04 AM

https://twitter.com/PeterSchiff/status/1303009420713111553

Peter Schiff twitted that his son buy more bitcoin against his advise. Then Peter in turn put up a poll as to who's advise someone will follow, his or his son. An overwhelming 80++% voted for the kid move to get into bitcoin. Grin

, Lol, he should follow his kid's advise as well and get into BTC, or is he secretly stashing already?

I consider this a slapped in his face for asking this kind of question in social media and people voted for his son's decision to buy, he should know better he should now that we are moving to different direction when it comes to investing, people are voting in technology and internet based projects like Cryptocurrency, his son will end up richer than him.

20kevin20

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Quote from: dothebeats on September 08, 2020, 09:34:19 AM

I wonder what Peter Schiff's first reaction was when he found out about this. Perhaps there were some shouting here and there but after a while, he accepted that his son's decision isn't something that he should really control after all.

That'd be a shame. I'd be happy to know that my kid is investing in something, especially if we're diversifying the portfolio as a family. Some people get the wrong idea that if they occupied a certain position in the society, the next generation must do the same as well.

The thing is, gold investment is a risk as well. Price fluctuates in any market, and the fact that it's been a reliable asset for so long doesn't mean it will be in the future as well. With technology, the future may not look as sweet for gold as it used to. Replicating substances could be a thing at one point while replicating the same Bitcoins cannot happen. He could take it from any perspective and I'd get it - he's a goldbug and that has been his lifetime passion. But not accepting something just because it's new is just pathetic, especially when after a while you finally give up and say "hey, Bitcoin is fine as well after all", lol.

batang_bitcoin

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I wonder if Peter is feeling embarass to himself knowing that many will favor to bitcoin than his words and comparisons. At least his son knows what he's doing.
We're on the new generation where kids are more open and oriented to the new sets of digital assets. His profession being a professional investor can't be gone but he has to make up his mind, we're not anymore in the 80's-90's classic type of investing.

dothebeats

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I wonder what Peter Schiff's first reaction was when he found out about this. Perhaps there were some shouting here and there but after a while, he accepted that his son's decision isn't something that he should really control after all.

Peter Schiff is a good investor, a gold bug and quite successful at that. He's good at what he does, however he, together with other gold bugs and the traditional investors don't seem to want to end their era on investment. They refuse to accept change, and here they are trying to make a point that what they know about investing is better since they have years upon years of experience in the field plus the companies they built with that experience is still standing. Times are changing, and it's pretty evident that some people no longer want to get themselves involved in a market where only a few controls everything there is that can be controlled. Hence, why some people are already turning into cryptocurrencies and some companies are already trying to catch up to the game.

Quote from: NeuroticFish on September 08, 2020, 08:36:48 AM

Is it me or his "son's Bitcoin wallet" story was premeditated as a win-win situation for this guy?

It could be like that, although knowing Schiff, he accepts no compromises and perhaps must have tweeted this genuinely wanting to make a point, but failed miserably.

cryptoperkele

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I saw this and i am not sure if he is being serious because i can't figure out the tone from that. He must realise at least in some level that he is actually promoting bitcoin with his "Old man yells to the cloud" -routine. From what i've listened him, he isn't stupid, he just doesn't want to understand bitcoin.

shoreno

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peter schiff said against his advice , meaning he is against btc so i dont think he is hoarding btc secretly but where did the kid get the idea of investing in btc if not from his dad . from the public maybe ? because btc isnt also new to this date .

the poll says 18 yr old kid with no experience , reminds me of the kids that also invested on btc and became millionaires now . im also rooting for the kid because of that .

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