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Topic: PETER SCHIFF WAS RIGHT: Again... If Bitcoin does not go up on good news.... - page 3. (Read 898 times)

legendary
Activity: 3234
Merit: 5637
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Maybe some members of this forum should organize fan clubs of people like Peter Schiff, Warren Buffett , Tom Lee, Roger Ver, CW Faketoshi instead of at each price drop start such topics. OP is doing this for long time, but he is not aware of some basic facts.

Compare gold with Bitcoin is the most stupid thing to say, as some others say, gold is here for thousands of years, Bitcoin is just getting started. Fact is also that very small percentage of people is know/using Bitcoin, and that it still makes it very vulnerable in terms of price stability.

The problem with trolls like OP is that they only look at present time, but they completely ignore history. From 2013 since CMC is have statistic, ROI for BTC is 5.701,01%, and 10 years change for gold is only 53%.

If we look at 10 years for BTC, 1$ invested in BTC back in 2010 at price of $0,07 is resulted with 8,900,000% ROI. People who follow Schiff still wait for his $5000 per ounce.

It’s usually hard to argue with math, especially when the numbers are so adequately provided, as they are in this report. It says that you were among the few people lucky enough to know and to believe in Bitcoin back in 2010 and you had invested the same amount, the return you would have today is, well, more than $41. Substantially more. Emphatically more. $1 invested back then would be worth more than $90,000, representing a 8,900,000% ROI in ten years.
legendary
Activity: 2674
Merit: 1226
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Remember just a bit of time before covid19, everyone was raving on and on about Iran and US, and Venezuela etc etc. Yes, I agree, eventually economies will get in trouble and then we'll all be fighting for our lives on money but this to me doesn't mean Bitcoin has an effect.

What are the hard facts really? Bitcoin losing value, but so are other things. And just because it's not digital gold doesn't make it not valuable.
member
Activity: 686
Merit: 35
Just had to laugh when I saw the title.
So you mean Peter Schiff, the guy who has been warning people about Bitcoin for years but has no idea what the difference between a password, a pin and a seed phrase is, was right?  Roll Eyes
https://twitter.com/PeterSchiff/status/1220135541330542592

Best to ignore him ...

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.
^ This

Lol! he knows so much about btc and yet he can't tell the different between password, pin and don't have a copy of his phrase,.... brilliant (and this is a Hard Fact Grin) honestly, i can't stop laughing at the tweet, what exactly does a guy who can't tell the different between password and pin knows about btc? and if he detest btc so much why did he own some at all?

@HardFacts i think you need to re-evaluate your believe in this clueless human Wink

Gold has a history of more than several thousand years.

Bitcoin is 11 years old.

Gold is being trading for $1k-$1.8k in the last 10 years. Bitcoin went from nothing to $8k and still very tiny compared to gold's market cap.

Peter Schiff is just a take no risks guy who wants an easy win. Easy wins don't pay well.

He was saying the same shit when bitcoin was $1k. He'll keep telling them when bitcoin is $100k. Ignore and move on.

Back in 2014-2016 I was too listening to these morons and it costed me lots of money.

totally agreed with the above, btc is very new compare to the number of years gold has been in existence, and btc has achieve quite alot within the 11 years of existence more than gold i would say, i think it is very unfair to btc when such comparison and condescending languages will always come up from people like PETER SCHIFF or misguided follower like HardFacts Roll Eyes
legendary
Activity: 1232
Merit: 1255
Just had to laugh when I saw the title.
So you mean Peter Schiff, the guy who has been warning people about Bitcoin for years but has no idea what the difference between a password, a pin and a seed phrase is, was right?  Roll Eyes
https://twitter.com/PeterSchiff/status/1220135541330542592

Best to ignore him ...

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.
^ This
legendary
Activity: 3276
Merit: 2442
Gold has a history of more than several thousand years.

Bitcoin is 11 years old.

Gold is being traded for $1k-$1.8k in the last 10 years. Bitcoin went from nothing to $8k and still very tiny compared to gold's market cap.

Peter Schiff is just a take no risks guy who wants an easy win. Easy wins don't pay well.

He was saying the same shit when bitcoin was $1k. He'll keep telling them when bitcoin is $100k. Ignore and move on.

Back in 2014-2016 I was too listening to these morons and it costed me lots of money.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
....
 I am way smarter than the average fool  🙉🙉🙉🙉 and I will call out BS every time

Hard Facts

If you are smart, why didn't you buy Bitcoin when the price was down? You had so many opportunities...
member
Activity: 127
Merit: 31
The real Jet Cash.
Most people don't realise that a few virtual assets can be hard assets, and Bitcoin is possibly the only virtual money ( note I didn't say currency) that has this possibility. Another virtual asset that has this attribute is a novel. It doesn't exist anywhere, but has a variety of manifestations, but ownership can be a valuable asset.
legendary
Activity: 3472
Merit: 10611
people like Peter Schiff are referred to as butt hurts. the more bitcoin grows the more their butts are going to hurt Wink
that is why all of their statements always looks so dumb and would either make you mad or make you laugh depending on your moods. usually they come out whenever there is a small price drop. i remember in 2017 we had a ton of drops like this (~30%) and they were behaving the same literary every time. people like OP also love these idiots so much for whatever crazy reasons that is not comprehensible by other intelligent people.
sr. member
Activity: 2828
Merit: 357
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I just Find it Weird why did OP showing up only when market is in falling stage but Hides when Price of Bitcoin is pumping ,and always talks about the Hatreds about this coin?just a curious question nothing more.


If he is constantly mistaken, then this can be used for his own purposes, watch what he says, and do exactly the opposite. Although a permanent hold of bitcoin and that’s also suitable here, at the moment, every new year, it is growing against the past.
perfect idea mate and yeah will try to do it because everytime i saw OP make a thread is always on the other side of what we are expecting so yeah that would be a best to act against His words.
Sorry but these are not indicators of whether btc would rise or fall!
exactly but let Him keep his track maybe this is why His here.
legendary
Activity: 3528
Merit: 7005
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Now the Digital Gold false narrative is quickly becoming evident to any rational person...  I just wonder what the next lie will be to try to sell and pump up the price of BitCoin ?
I don't think bitcoin is being hyped by anybody except those who are passionate about it--it isn't as though we're being fed lies by the government or the corporate world to keep us buying bitcoin. 

I never thought bitcoin was necessary as a form of money, even though it certainly can function as one.  As long as fiat still works, nobody in their right mind would go out of their way to buy bitcoin just to spend it--even if they could find a merchant that accepted it. 

Peter Schiff is a nutcase, and I don't pay attention to his views on bitcoin.  He can hate it all he wants to, and bitcoin can crash to the floor--that doesn't make him correct.  I'd also point out that bitcoin isn't lower than it was at the beginning of 2019 and is still holding its value nicely.  Sure, it dipped but so did the stock market and now I guess the oil market did as well (that's not a market I generally follow).  Everything is getting slammed because of the damn coronavirus.  But that situation is going to be temporary, and all of those markets will recover.  Enough with the doom-and-gloom.
full member
Activity: 268
Merit: 100
Sorry but these are not indicators of whether btc would rise or fall!
hero member
Activity: 742
Merit: 507
On 01/01/2020 Bitcoin was worth $7,174
Today Bitcoin is currently worth $7,921

Total increase: 10.41%

On 01/01/2020 gold was worth $1,527
Today gold is worth $1,658

Total increase: 8.57%

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.
If he is constantly mistaken, then this can be used for his own purposes, watch what he says, and do exactly the opposite. Although a permanent hold of bitcoin and that’s also suitable here, at the moment, every new year, it is growing against the past.
legendary
Activity: 1134
Merit: 1598
So you believe that the recent fall in bitcoin price was due to a global economic crisis?
I don't think so. It was not the first time bitcoin price decreased that much just in a day. That has happened several times. It was just a coincidence that it happened during the stock market fall.

Everything that's happened in the past weeks/months led to the fall of BTC's price. But not for too long, imo. The prices will recover when those in need of quick cash will get their money out. After that, the markets will be left in our hands, the believers and hodlers.

There's so much doubt, fear and panic everywhere around the world. This isn't a time to hope for some heavy pumps/dumps of BTC; 2011-2012-like volatility will soon most likely be a thing.
legendary
Activity: 2380
Merit: 5213
Most People did not become aware of any economic crisis or major problems until MID FEBRUARY 2020.   The markets were fine until then..
So you believe that the recent fall in bitcoin price was due to a global economic crisis?
I don't think so. It was not the first time bitcoin price decreased that much just in a day. That has happened several times. It was just a coincidence that it happened during the stock market fall.
member
Activity: 434
Merit: 29
On 01/01/2020 Bitcoin was worth $7,174
Today Bitcoin is currently worth $7,921

Total increase: 10.41%

On 01/01/2020 gold was worth $1,527
Today gold is worth $1,658

Total increase: 8.57%

Peter Schiff is the perfect counter-indicator. He has been shitting on Bitcoin since 2013 and he has been wrong every single time.

Most People did not become aware of any economic crisis or major problems until MID FEBRUARY 2020.   The markets were fine until then..

VERY DISHONEST and deceptive for you to start from January 1, well before the economic consequences started to be factored into markets.  But I am sure you know that, you just have no problem using deception, and are hoping that people do not notice....   I am way smarter than the average fool  🙉🙉🙉🙉 and I will call out BS every time

Hard Facts
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
This double crisis of Corona Virus and Oil collapse is the PERFECT environment for BitCoin to go up, and even skyrocket if it is DIGITAL GOLD.

1.  BitCoin is LOSING value in this environment, so much for the DIGITAL GOLD false narrative...    For every person buying BitCoin as a safe haven, MORE people are selling BitCoin as things get worse.  Hence the price drop.

2.  BitCoin was pumped up as alternative to Currency, the new money...  When that false narrative of using bitcoin as money did not work, they changed the lie to DIGITAL GOLD.   Now the Digital Gold false narrative is quickly becoming evident to any rational person...  I just wonder what the next lie will be to try to sell and pump up the price of BitCoin ?

Seriously, all the false narratives and lies by bitcoin pumpers are FAR WORSE than the lies told by the Federal Reserve and government.    Of course, some people will not recognize reality until reality punches them in the face   Cheesy Cheesy Cheesy

Hard Facts




do you track price of Gold as well, since it is not straightforward for Gold as well that is going just up, when you compare BTC with the price from the year start, it is up 10%, Gold is up little below 10%, so it could be said that it is the same for BTC and Gold, and why should not we think about BTC as Digital Gold...
legendary
Activity: 3052
Merit: 1273
These bears, huh!!!
Seriously, it makes no difference to them whatever we'll speak here whether it's about BTC or its price, they will just take us as dogs who are barking in front of them. BTC never, ever showed any moves based on news factor and that's one of the facts you need to understand at first. Yes, BTC is feeling the heat too but it's not alone, many major markets are being hit by this outbreak and BTC still has the potential to recover very, very quickly due to its volatile nature as well as lesser need of capital to pump it up if compared to major commodities and stocks.
jr. member
Activity: 90
Merit: 1
OP, why do you only show up when gold is pumping? How come when gold dumps you never show up to discuss the reasons why the price is falling? This forum is here all year round, discussing bitcoin when the price goes up, discussing bitcoin when the price goes down, and discussing bitcoin when the price goes nowhere. You only show up when gold pumps to proclaim Peter Schiff your own personal prophet (despite his ongoing consistent and categorically incorrect predictions). You are always mysteriously silent and inactive whenever gold is going sideways or down.

This kind of ridiculous confirmation bias makes both you and your arguments look pathetically childish.

I guess he believes this quickly becomes a bubble where no outside opinion is welcome. I know he's going against bitcoin intentionally but then again some people are really hard to convince when they are not giving you their full reasoning, they'll just jump to their next self explanation that they may or may not want to put on the table Smiley.

We can only show them what bitcoin is capable of and hope they some day actually try it instead of consistently and repeatedly going against it.
legendary
Activity: 3542
Merit: 1352
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Peter Schiff admirers and gold bugs only come here whenever bitcoin's prices take a beating, but are all absent whenever bitcoin is outperforming every other asset in the book. Which leads me to a conclusion that the same kind of people are afraid of actual discourse regarding the matter. When it rains or when it snows, bitcoin are either sold, bought, or kept--same as gold, same as stocks, same as any other asset you can think of. If you don't understand price movements and the dynamics of the market and would come to preach us with "Schiff was right, all of you are wrong" argument just because of one instance of bitcoin being on the low, then you might as well do it everyday even if bitcoin's price is on the rise. Smiley
legendary
Activity: 2268
Merit: 18711
OP, why do you only show up when gold is pumping? How come when gold dumps you never show up to discuss the reasons why the price is falling? This forum is here all year round, discussing bitcoin when the price goes up, discussing bitcoin when the price goes down, and discussing bitcoin when the price goes nowhere. You only show up when gold pumps to proclaim Peter Schiff your own personal prophet (despite his ongoing consistent and categorically incorrect predictions). You are always mysteriously silent and inactive whenever gold is going sideways or down.

This kind of ridiculous confirmation bias makes both you and your arguments look pathetically childish.
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