Home Bitcoin News Bitcoin (BTC) Delusions and Visions Experts and Community Arguing on Its Superiority

Bitcoin (BTC) Delusions and Visions Experts and Community Arguing on Its Superiority

bitcoin BTC gold peter shiff

The recent Peter Schiff comment adds more legitimacy to Bitcoin. However, Peter Schiff stated that he was not making a comparison, but that only the Bitcoin advocates claim that Bitcoin is digital gold, and that several of them are buying it instead of actual gold.  He clarified that he was just trying to juxtapose.

The Peter Schiff tweet read:  Gold seems to be chipping away at resistance just below $1,800 while Bitcoin is simultaneously chipping away at support just above $9,000. I expected both resistance and support to give way, with gold surging as Bitcoin collapses. What do you think will happen?

There is an overall opinion that Bitcoin and Gold will rise more, but just that the Bitcoin enthusiasts have to state that BTC will rise more. There are others who keep reinstating facts like the price of the BTC does not have any fundamentals and that the price of the BTC is based on emotions of spectators.

Sydney Ifergan, the crypto expert tweeted:  “Whether by emotion or by fundamentals, Bitcoin (BTC) is here to stay. It does not do fancy stuff like other Altcoins, but it is the master template.”

There is an expectation that the price of the Gold and the Bitcoin will go down.  The markets are set to crash and this will likely bring down commodities with it.

Some feel that Peter Schiff is a Gold Salesman as he keeps propagating an anti-agenda for Bitcoin and they feel that his advice need not be strictly taken to. For investors who are keen about the high Gold has not made its best new high, which can be called close to Bitcoin. Rather than listening to experts, sometimes it helps working with the results that we are seeing.

It is hard to say many times, because most of the markets are manipulated and anybody will pull the blanket underneath any moment. A hard reality may come up anytime.

Bitcoin (BTC) Delusions Visions and Maniacs

Bitcoin is hailed to be a functional currency by many because it cannot be counterfeited and it cannot be printed in unlimited amounts.

Some counter thoughts as to why Bitcoin should be hailed the best just because it is the first entrant.  Technology keeps evolving and many things better than BTC are coming up. Why Bitcoin and not Altcoin as Bitcoin is the most expensive of cryptos to transact. Bitcoin Delusions, Visions and maniacs will prove themselves with time as they move sideways down and up.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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