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Peter Schiff has predicted that bitcoin will see a crash below 20K and he calls it is very likely considering the major double top in the technical chart.
Peter Schiff Shared: “Are any Bitcoin HODLer’s concerned about the massive double top that’s forming in Bitcoin? It certainly appears that there’s a significant risk of a major long-term peak. It’s also coinciding with a general move out of high-risk assets to value. A crash below 20K dollars seems likely.”
Community Response: If there will be a crash, I would love to get my hands on that cheap 20k Bitcoin can you make it happen for us Peter Schiff.
What if you buy at 20K dollars and then Bitcoin falls to 10K dollars? Will you buy more at 10K dollars? What if it falls to 5K dollars? If it does fall to 5K dollars, how do you know that it will ever see 10K dollars again? It may just go straight to 1k dollars.
Willing to put your money where your mouth is sir? Let’s make a bet that if BTC doesn’t hit the previous bull market all-time high you pay me 500k and the opposite if it does.
We know that the federal reserve money printing is a scam, Ponzi. BTC was supposed to help fix the broken system but if you had virtually unlimited money you could manipulate BTC.
No, you couldn’t find enough to buy to do that and that takes a long time and a lot of money.
This sounds familiar? Wait, you said the crash below 1000 dollars seems likely. Bitcoin is here to stay and will increase in value.
Why do you post constantly about Bitcoin? You seem to tweet endlessly about something that you believe is a bad investment. Why not just focus on something else if you don’t like it?
A higher-high is a bullish thing. Pathetic you don’t even know what a double top is. How embarrassing. If BTC forms a higher low as well, it will take off.
Peter, I would love to hear your opinion on coins like Cardano, Ethereum, etc that have good real-world uses, would appreciate a response.
Cardano is a scam and has no real use case and Ethereum is extremely overvalued, well the whole market is overvalued garbage.
I’m more concerned about how your brain is wired to think that gold is a better store of value than Bitcoin. Over the last 10 years: Bitcoin: +623,781% Gold: -0.21% Have fun staying poor Peter.
Why do you tweet about Bitcoin daily? We get that you don’t like it, and we don’t care if you ever buy it – in fact, please don’t ever buy it, LOL. Consider getting a new hobby sir, life is short!
Peter, you are as concerned about bitcoin as central bankers are. This should be a sign to investors – crypto is a real threat to establishment finance & that something disruptive is going to change the world. It’s a real opportunity & for some reason a lot of people are scared.
Sorry, nonsense again. Those who know what bitcoin is will never sell. He always buys more. The market will be cleaned of weak holders as much as possible. That is all.
You don’t understand. I will ride bitcoin to zero or infinity. Many others like me will never sell.
You’re smart and funny but it’s been 10 years you’re wrong about the market. Who’s still believing in you? Billions of USD so I don’t know man, what’s you’re trick? Who’s got your back?
