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Bitcoin (BTC) is a Scam Give it to Me I’ll give you Gold

Bitcoin (BTC) is a Scam Give it to Me I'll give you Gold

Community Trust ScoreVerified

87%
Real
Verified23 votes
Updated 4 years ago

Peter Schiff Shared: Instead of calling its special “Crypto Night in America,” CNBC should call it “Crypto Midnight in America.” The hour is late and time is running out to get rid of your Bitcoin. CNBC’s advertisers are getting desperate, so the network is pulling out all the stops to help pump!

Community Response:  Imagine listening to Peter Schiff’s opinion on anything.

He is quite good when talking about politics and government’s role.

He thinks the government should end social security benefits & food stamps immediately. That will cause people to starve and die

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Yup, the space at large is a complete joke, but there are few legitimate opportunities here that truly change the landscape of many sectors Bitcoin is an awful opportunity, it’ll probably fall 80% over the course of 4-5 years.

How long you been saying that? Well, it’s cyclical and the narratives have been exhausted so a bear market is probably due. Not my first cycle, you’ll all be fine.

CNBC is bought out to promote crypto crap but honestly Peter you should stop wasting time talking about it and get into the idea that the original Bitcoin can make your gold business boom with its payments and record keeping super powers.

Peter is feeling threatened. Bitcoin is inevitable no matter what you say or do Peter. Bitcoin will increase in value and popularity exponentially over the next 10 years outpacing its mind blowing rate it has rate the past 10.

I remember when you said this when Bitcoin was at 3800.

I pumped $1000 more into Ethereum today. You should text me other recommendations for crypto. I need to diversify!

Don’t make the mistake of thinking that buying Bitcoin below $3,800 is a bargain just because the current price is better than 80% below its record high. Bitcoin’s price could easily drop another 80% from here, and at $750 it would still be expensive!

You still haven’t explained how gold is better than bitcoin. Gold is failing as a hedge against inflation – what has it done the last decade? Look at the BTC chart then load up on some SATS. You’re not too late.

Its better because you have to hold it 4000 years everyone knows this. Oh, and it also helps to own the biggest seller of gold right Peter Schiff?

Hey Peter. Who has ever sold BTC to buy gold? exactly, no one.

Someone definitely has bought gold using Bitcoin Peters website lets you.

Peter be like, Bitcoin is a scam, give it to me and I’ll give you gold.

Did you hear Jeremy Allaire refer to stable coins as “dollar backed”? They are not. They are “dollar denominated.” What’s the difference, you ask? Wait for all your crypto peers to head for the exits at the same time and find out!

They came late for this year, but it’s better late than never Bitcoin.

This is certainly CNBC’s MO. Saw an ad for it this AM and your description was my first thought. Someone needs cash to cover GME.

Although, I don’t share your same views on BTC and crypto I must say I kind of like you.

Peter Schiff why not use the building blocks that blockchain developers are creating to allow people to easily invest in those assets you believe will outperform in the long run? Crypto is much more than BTC.

The bias is toxic, surely by now Peter should be realizing that he has deceived a lot of people from also benefiting from the rise of bitcoin instead of just be only bias to gold. It’s pretty insane at this point to still be holding the same view since 2013 despite the evidence.

Peter is worried about crypto so much lately, imagine holding the crypto volatility +1000%, he’s not prepared yet…

Peter I am worried about you brother. Are you okay? I think you have lost it man. It’s never too late to get some help.

The only thing being “pumped” is the money supply.  Scarce assets such as crypto will flourish in a time of endless dollar debasement.

 

Community Trust IndexHigh Confidence
87%
Real
Real87%13%Fake
23 community signals

Steven Anderson

Steven is a technology-focused writer with a strong interest in emerging digital trends and innovation. With experience spanning both travel and online projects, he brings a global perspective to his reporting and analysis. His work reflects a practical understanding of how technology, markets, and digital platforms intersect, offering readers clear insights into developments shaping the modern tech and crypto landscape.

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