Community Trust ScoreLikely Real
Peter Schiff Interrogated: Hey guys, are you buying this dip yet? Or are you waiting for an even larger drop before buying more? I’m talking to you saylor, APompliano, PeterMcCormack and nayibbukele. I think my son SpencerKSchiff is already all-in on #Bitcoin, so thankfully he’s likely tapped out.
Community Response: Thanks PeterSchiff, this is the tweet we’ve been waiting for to buy.
I figured I would get this reaction. I almost didn’t want to tweet about Bitcoin, as I don’t want to be responsible for people throwing more bad money (U.S. dollars) after even worse money.
Such a thoughtful guy, Peter. You’ve helped out all those people who listened to your advice on gold over the past decade massively as well…oh wait.
Gold is money, the fiat is the currency. Bitcoin will be the ultimate store of value in a few years. This will happens because we don’t have other way! Fiat is government debt, backed by the future of all labor work. Gold is not fast and divisible enough to be a currency.
Problem with bitcoin is there is no underlying value. It’s a technology that can and has been copied. A gold backed crypto like Kinesis would be a currency. Bitcoin is a speculative asset that has been copied 10,000 times.
I’m fast coming to the conclusion that this ‘anti-Bitcoin’ is a routine and that secretly you’re a maxi. Come on confess up.
Seriously, no rational person could still respect him/herself after being this wrong for this long without even a hint of doubt or humility.
Everything’s turned bad, didn’t it. The whole world is now dark & gloomy place unlike the good bright old times with strong dollar and no computers.
I almost wasn’t going to send this tweet, but then I realised I have such profound things to say and everybody would miss out if I didn’t.
Yeah, you already did that to a bunch of people with Gold, so I can understand why you might be hesitant.
It would interest me: what is good money for you? I mean the us dollar (which you say is bad) is one of the better fiats. Then gold? That’s good, but it’s no money.
Peter stepping in to save his son’s bags despite the consequences to his own bags. Admirable move sir, very admirable.
Hey Peter are you still buying the gold dip that started 10 years ago?
Funny your using a device which has gold components in it. Gold is not useless at al how about bitcoin?
How can you be so sure that the Bitcoin market is transparent? I totally believe that there are terrible fathers and mothers on earth, but are you sure that your father is wrong? maybe you are just having a rebellious attitude for other reasons.
How is it not transparent? Do you know what blockchain is?
If you’re talking about transparency in the spot market, all the transactions are recorded on the blockchain for anyone to see.
In what world is transparency in the spot price is ensured by transactions transparency.
When you start to follow the crypto space and learn about some of the use cases of coins and the technology involved, you realise that it is only going one way.
Peter you do realise Gold has only gone up from $1,600 to $1,800 in 8 years? So you’ve hodled for the best part of a decade to get just over a 10% gain!?
The price of assets like gold are controlled to ensure that people invest in businesses that provide the jobs that allow economies to succeed. The worst thing for a nation is to have people not spend at or invest in businesses.
It’s impossible to run a business on an asset that changes in value as much as crypto does. Businesses place orders and set budgets months in advance. Everything bought with crypto is converted to USD during the sale no matter where crypto is accepted as payment.
