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Peter Schiff shared: Why does Bitcoin HODLers get so excited whenever Bitcoin rallies? The rallies mean nothing if you don’t sell. All they do is create a false sense of hope that the moonshot has finally arrived. This excitement creates a “slope of hope” that keeps HODLers onboard as the ship sinks!
Community Response: I love the intelligence you apply to markets, but please stop. One day bitcoin might crash, and you’ll be correct, but until then, you have been wrong and have no idea how long this crypto nonsense can continue. You’re still one of the best economists out there.
I’m pro-crypto utility but Peter has been right. He’s even been making accurate assessments of where the market is heading. Bitcoin is known to historically crash every year so technically he’s not wrong. Until there’s real utility, we can’t be this naive lol.
If you’re saying Peter is right then you not grasping the full picture of what bitcoin is, where it was and where it’s going. It’s a store of wealth, has a limited supply, can be transferred across the globe in a matter of minutes, is decentralized, can’t inflate, digital $.
The simple fact that you believe BTC could be a store of value makes me believe you found out about blockchain a month ago. Do you realize how slow the TPS? Do you know how centralized it is in China? Do you know how artificially inflated it is through Tether?
Never say never. Fifty years ago $10,000 (USD) was a lot of money. Today, it’s hard enough to furnish a home.
This is true. The US dollar has lost tremendous value since removing it from the gold standard. It’s going to keep getting worse.
Nah. Gold, money, materials everything is made up. It keeps few in control & mass submissive. It’s power, control, greed, mass manipulation (renew as an influence), a way to keep the working-class poor. The poor need purpose; the rich need slaves.
I mean like who’d do back-breaking working if we’re all equal, right? If you have an option, would you throw out your back or shoulders or die early to help someone else become rich & famous?
I’ve held since 3,100 and it feels pretty great. I also bought clunky silver coins after listening to your podcasts in 2010-2012 and the t decade that investment is down nearly 40% and was an opportunity cost disaster. Everyone is entitled to their opinion, yours is WRONG.
Why does Peter Schiff, get so excited when Bitcoin rallies down? Price going down mean nothing if you HODL. All he does is a false sense of hope that bitcoin goes to 0. His excitement creates a “slope of hope” that keeps HATERS on board as the ship moons!
Peter how familiar are you with the concept of daily compounding interest? This is what we offer our #Bitcoin holders, guess there’s no such thing as gold.
You clearly put out this content to gain followers. You are way too smart to say the things you say. Look at the annual ROI of Bitcoin since its inception. Can’t really argue about it after a decade of consistent growth.
Because, Peter, all Bitcoin needs to do is survive and let the halving do its thing. When it rallies that portends potential suitability. We are praying it survives. You know we are praying and that is why you make fun of us. But, game theory is on our side.
Doesn’t work this way. Just because supply falls means nothing about the price. Even if the prices go up, it still means nothing.
What’s the value of gold if you don’t Ev3r sell it? 1dI0t comment. Even its intrinsic value of say 150-200 dollars oz means nothing unless you sell it. The reality here is that Gold is going to ZERO IN Bitcoin terms. Enjoy your gold doorstops.
