Community Trust ScoreVerified
Peter Schiff Expressed: Crypto Hearing: Irony, Lies, and Hypocrisy.
Community Reacts: Peter Schiff was right again. You wouldn’t say that if you’re invested in funds.
I think it’s unfair to rule out the constructive statements around the technology and what it enables. I think Denelle Dixon did a fantastic job. That said, I fully agree with your view on Bitcoin and I do believe time will prove that it’s the biggest bubble of all time.
Peter Schiff when you talk about Bitcoin: irony, lies hypocrisy.
What we fail to realize is that no asset has intrinsic value. Every single one of them is determined by the market aka people, services rendered, etc. Even for gold.
“Value by Utility (vs) consensus” is what matters. If everyone decided that they are not going to use their backpacks any more, but that they will carry stuff in hands, would you still use your backpack? If everyone decided they will not buy Bitcoin any more would you still buy it?
Indeed, a very good example. A lot of crypto people fail to understand this concept, because to concede that some things have value because of its use undermines all of the crypto.
Why are we spending so much time talking about something with “no value”?
All your funds have been tanking and will continue to do so next year too when rates go up. Who lets you handle their fiat?
Bitcoin did not disturb Fed printing even at 68k. If gold hit 68k, fed would be abolished. It is time for Bitcoiners who prefer to change to switch sides.
Peter’s just desperate because bitcoin shatters his belief system. Why can’t you like crypto Peter? It’s more Austrian than you think!
Peter, seriously though, how many bitcoins you holding? Yes, because crypto have not been letting gold rise for 4 years.
Trolling an asset from $300 zone to $48,000 zone. It helps to not feel lazy about doing some due deligence check on Bitcoin. Hope you are ready to be completely wrong again. Or maybe it’s time you stop being stubborn and join the spaceship that’s about to fly again.
I read your book before the pandemic and lost money following your logic. My own fault of course. I learned that when the game changes you have to change with it. Denying reality isn’t going to make you money sir, not that you need my advice. Time to disband the gold cult.
I agree with a lot of your monetary analysis. Accept you have it all wrong. Bitcoin is the driver of the US dollar. It Oil. Nixon made sure of that when he created OPEC. Probably the best move any President ever made. Problem is the dollar or global warming.
US Stock Rally and Dollar Doomed Gold Going To 5000 September 25 2009 – Ironically Lying Hypocrite.
Folks, when are you guys going to learn? If Peter had a crystal ball he wouldn’t need to sell books, do podcasts, or own a brokerage firm. It is all a big hustle. Remember that dollar crash Peter was warning about?
Don’t spend time attacking people or people you hate Instead, spend time on building your own products, spend time on yourself. Some people still don’t get this. Time is the most limited resource.
