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Peter Schiff shared: Attention Bitcoin buyers: This could be your last chance to buy Bitcoin above 40,000 dollars. So hurry up and buy those high-priced Sats while supplies last.
Community Response: Just bought some more, thanks for reminding me.
You’re supposed to sell the rallies. You don’t need any more Sats. What you need is some furniture!
Sarcastic: IMF rushing in to negotiate with Argentina before they get smart and adopt Bitcoin and can better make economic changes that will curb runaway inflation.
The moment you realize I have more gains in 12 hours than you have on your gold investments in twelve years.
Gold will, without doubt, outlast BTC, bitcoin is also a risk asset like stocks and not a store of value. However, does that mean we can’t ride this beast to Valhalla for the next decade or so? I wouldn’t bet against it.
Bingo. Gold had value in Egyptian times. BTC will be dead within 10 years. Scalp it all the way there.
Imagine considering a project with 0.6% global electricity consumption the future SOV and with no intrinsic value. It only has value if people think other people will buy it for a higher price — the Greater Fool theory.
People said this same thing about computers, the internet, and so many other world-changing innovations. Crypto has a higher adoption rate than the internet did in the 90s. We are early.
Indeed, crypto is the best thing out there and many projects will come. This is evolution, and it will always happen. For those who say that the first crypto was invented in the future, I guess they must have narrow minds.
At least GOLD holders still have years to buy GOLD at <$2k. There last decade of accumulation between 1k – 2k dollars surely is not long enough.
Bitcoin 1 year = gold 10 yrs; No! I don’t own any gold.
An honest question Mr. Schiff – At what price will you finally accept Bitcoin as a store of value? I am a total Bitcoin and most of my gold coins and still won’t say anything negative about gold; however, I feel Bitcoin is a much better store of value (proven by history).
Why is he so obsessed with BTC if he believes it’s not worth it?
Again, I think he and others expect the 18k retest to happen. I believe we will see as low as 29k still. And we actually can hit the 18k mark based on how bad the economy gets. But, I doubt it will happen. There is too much money salivating on Bitcoin dips.
33-35k probably get eaten up. Why do you care so much about Bitcoin and what people invest in? You think things can’t change. There are always new things to open up about. Think forward, not backward.
Peter Schiff is the only guy who talks sense when it comes to bitcoin, and tells you the truth on what is going on! BTC, ETH, and 90+ % of all crypto go to zero, speculation will get you wrecked in this game.
Back in 2013 when Peter Schiff tweeted this Bitcoin was 722 dollars. BTC continued to rally over 1,000 dollars and then crashed to under 300 dollars. It traded for a few hundred per coin for ~2 years. Critics continue to make fools of themselves 8 years later.
The dump on bitcoin will be epic. If it falls to 20.000$ the bitcoiners have some idiot ideas again. This is a fake-out and the hype is back, but not for long. Every Saturday and Sunday it will dump again.
When you understand the history of money and the fact so many different civilizations used different items because of scarcity it’s obvious. Places that used sea shells were places where they were scarce. Money’s most important trait was always scarcity. That’s why gold won.
