Community Trust ScoreVerified
Peter Schiff Shared: Not only is Bitcoin back below 40K dollars, but YOY it’s down close to 30%. Many Bitcoin pumpers have criticized gold for its failure to keep pace with inflation. While gold has not kept pace with the 7.5% YOY rise in the CPI either, with a 6% YOY gain it’s much closer than Bitcoin!
Community Response:
For those who can’t stand losing day to day, buy gold. For those who don’t care about day-to-day price action but rather decade to decade, buy bitcoin.
Bitcoin won’t be around a decade from now.
It is interesting to see the bitcoin faithful circle the wagons to prevent their eventual collapse. In the end, people will realize the obvious they are trying to avoid: Blockchain is a useful technology, but its use through bitcoin is just a 21st-century boiler room operation.
You just don’t understand what bitcoin is, plain and simple.
Gold same BTC 0 those that know BTC is a trap know to stay away from it for good reason.
Ridiculous analysis once again. Those buying bitcoin do it not for the short term but the long term but I guess that’s not convenient to talk about because as you know there’s not even the slightest possible comparison YoY.
Peter did you know you can make gold wildly popular as cash by putting gold onto Bitcoin. Are you against making gold a success or what?
Peter Schiff is always carefully picking the time scales he wants gold to be compared to bitcoin over. *Any* longer timescale would show a prevailing bitcoin.
Peter Schiff is an old friend of Bitcoin. Probably the most reliable buy/sell indicator that I know of.
Bitcoin is a government psyop. It came out of nowhere and nobody knows who made it. The point of Bitcoin was to familiarize the public with cryptocurrency. Nothing is by chance.
You should do more research into the cypherpunk movement and should probably read the Bitcoin white paper. If you know anything about psyops at all, then you should realize this isn’t it. On another note, Monero is great.
Good luck using physical GOLD in the METAVERSE. You’ll need a digital version. i.e., BTC!
You really want to compare gains between gold and Bitcoin? Wait a few months and compare. But at that point, you’ll be talking about the “speculativeness” of Bitcoin. This is intellectual dishonesty that costs money.
Let’s visit the reality against what you are trying to share. If you hate Bitcoin then why are you even bothering to compare it with anything? Your sharing proves you can’t share your data without sharing incorrect info about Bitcoin. Be Honest. Be Real. Speak Truth.
Why so much hate on Bitcoin? Every day for years you have been hating just move on already.
19th Feb 2021, GOLD was under a massive selloff. 19th Feb 2021, Bitcoin was rallying to 56K.
It’s because BTC is the biggest threat to gold as an inflation hedge. So basically what you are trying to do here is to give the impression that “you were right”. Rather, you are considering a time frame that suits your narrative (confirmation bias).
