Community Trust ScoreVerified
In the recent past Peter Schiff stated: Watch me debate Bitcoin with patrickbetdavid tonight at 10 EST on
UnfilteredOnFox with dbongino. I wonder how many more of these debates I need to do before Bitcoiners come to their senses. If they don’t learn the easy way from me, they’ll learn the hard way from the market.
Community Response: Bitcoiners are up hundreds of percent in the past few years, while gold is up a whopping nothing. Gold is losing against inflation.
Half of them bought this year for the first time and the vast majority are down. Bitcoiners are in a cult. Reason and logic are not things they can relate to. Gold bugs too. Except they’ve been seeing gains.
Peter, how many more cycles you need to see. To just admit your completely wrong. I don’t want to hear anymore debates until you learn what Bitcoin the network is.
Anyone who bought gold in the last decade is down double digits in real terms, unless you bought and sold quickly in Q4 2020. Long term bitcoin has crushed Gold and will continue to do so. Sweet dreams Peter.
People who bought gold 10 years ago are down on their purchasing power in 10 whole years Peter Schiff not just 1 year.
Isn’t it up adjusted for inflation? That would mean Gold did exactly what it was supposed to do.
No. The dollar price is the same. Few understand this. Yet, every troll on Twitter bought around 9k and is in the money somehow.
Agree, but you know it will chance in the + or they will surge refuge in another crypto stronghold.
And your point is? I have 15 oz coins of the yellow metal in my safe and the only advantage that it has is that I can transfer it to my kids’ tax free.
Bank of England Governor.Oct.1999.”Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we succeeded. The US Fed was very active in getting the gold price down. So was the U.K.
And if they HODL and don’t panic sell, they will be up. I thought being a gold bug was all about long-term investments, not month to month price action.
If they bought gold they Are also Down, not really an argument and giving a year timeline doesn’t make sense, but if you go further, you know how much ROI it Made so it’s obvious that then you can’t say something Like this.
More lies from Peter Schiff. Look at the data and you will see Most are up hundreds of %.
So what? Just don’t sell when it’s down, that’s how this works.
True. The network effect in full force. The user base will double quite often within the next 5-10 years;) will that lead to many weak hands and volatility? Yes.
Vast majority? Ask your son to show you on chain data.
So, your argument is to sit on gold for decades because you might not get rich off of Bitcoin in under a year? Noted.
This statement is equally true in 2017. Most people bought the top. And now what?
I’m not done Peter! Thanks. I’ll keep buying as it keeps going down or consolidating.
Copper outperforms gold, pick most any crypto for q1, outperforms them both combined.
You say this about every new wave of HODLERS. You said this to my class of HODLERS ten years ago when I started buying. So, what do you have to say to those like me Peter, who’ve made more money than you ever have because we could see through your lies about Bitcoin to sell Gold.
The principle problem I see for gold as a store of value. is that it does not have a truly limited supply. Critically important. Fundamentally absent.
Man, why do you keep doubling down on a losing strategy? Money does not have to be tangible. It is and always has been a ledger. This need for physical fallacy is where you have gone wrong.
It’s not about you. Bitcoin is for a different world. Gold is worthless. It barely hangs in with inflation. Bitcoin, and the cryptocurrencies is gives liquidity to are for a better world. Gold lost when Nixon abolished it.
Oh please, you have no ground to stand on. You’ve been wrong for 10+ years on Bitcoin and you still won’t address the fake gold problem in the market.
Debate Satoshi, this will give you the biggest audience, he really draws the crowds and media since he won the Satoshi Trial in Florida and with the next Satoshi Trial set for end of Jan in Norway, 2022.
Lots of straw men here. People talking about “making money” in Bitcoin. You mean you’re selling, taking profits in the form of Dollars. You’re just a speculator. This is not a new thing.
