Move Over Bitcoin: Pro-Gold Peter Schiff Blasts the Stock ...

Peter Schiff in 2014 calling a bubble at $380, refers to bitcoin as “bitcoins” multiple times

Peter Schiff in 2014 calling a bubble at $380, refers to bitcoin as “bitcoins” multiple times submitted by nanooverbtc to CryptoCurrency [link] [comments]

Peter Schiff in 2014 calling a bubble at $380, refers to bitcoin as “bitcoins” multiple times

Peter Schiff in 2014 calling a bubble at $380, refers to bitcoin as “bitcoins” multiple times submitted by scgco to GGCrypto [link] [comments]

Peter Schiff: the bubble of 2017 was the last one for bitcoin

Peter Schiff, Euro Pacific Capital CEO, once again criticized bitcoin as opposed to gold.
He noted that gold shows better profitability, and the idea of long-term retention of bitcoin is crazy.
“Since hitting its high in June of last year the price of Bitcoin has fallen by 33%. During that same time period the price of gold has risen by 27%. So, priced in gold Bitcoin has fallen by 53%. The long-term trend has clearly changed in gold’s favor. HODLers remain delusional,” Schiff tweeted.
He added that the peak of the BTC bubble occurred in 2017, and now the cryptocurrency price is in a long-term downtrend.
submitted by bestchange_pr to bestchange [link] [comments]

Move Over Bitcoin: Pro-Gold Peter Schiff Blasts the Stock Market Bubble (current BTC/USD price is $8,742.42)

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Move Over Bitcoin: Pro-Gold Peter Schiff Blasts the Stock Market Bubble
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submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Is the ‘Ultimate Fool’s Gold,’ Could Hit $100,000 Before Bubble Bursts: Peter Schiff

submitted by n4bb to CoinPath [link] [comments]

Peter Schiff Blames Fed For Creating The Bitcoin Bubble

Peter Schiff Blames Fed For Creating The Bitcoin Bubble submitted by coinsfera to Coinsfera [link] [comments]

‘The Fed created the Bitcoin bubble,’ says Peter Schiff

submitted by n4bb to CoinPath [link] [comments]

Exclusive: Bitcoin Is A Bubble While Gold, “A Safe Heaven”- Peter Schiff

Exclusive: Bitcoin Is A Bubble While Gold, “A Safe Heaven”- Peter Schiff submitted by n4bb to CoinPath [link] [comments]

Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff

Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff submitted by Institutional_Invest to Buttcoin [link] [comments]

My response to Peter Schiff's "Bitcoin is a bubble"

See Peter Schiff's comments from CNBC on 11/12/13: http://www.cnbc.com/id/101192216
Any scarce asset is vulnerable to bubbles, of course. However, the hallmark of a bubble is when an asset is priced so far above its "true" or "fair" value that it will inevitably crash down. Peter doesn't make a claim regarding bitcoin's fair value, so he seems be saying that bitcoin is a bubble at any value.
Speculators buying bitcoin believe that in time, the utility and fixed supply of bitcoin give it the advantages over other currencies that ensure appreciation in its exchange value. Today, bitcoin holders have about $4B in wealth. The money supply of bitcoin will increase only by 75% over the next 30 years (from 12M units to 21M units), so unless it does not continue to appreciate in value, only $7B of wealth can be stored in bitcoin. That's not much, especially when its properties provide mind-blowing advantages in security, verifiability, convertibility.
If bitcoin is anything, I believe it's very likely that it will become a store of wealth valued at greater than $100B, on its merits as a payment system alone.
As a store of wealth? Due to the anti-inflation properties of the limited supply, bitcoin will be a fierce competitor to fiat and a close ally to precious metals. I expect bitcoin's usefulness as a store of value will far outweigh its value as a payments system, and imply valuation of far greater than $500B, especially as the world money supply inflates and destroys purchasing power.
Using this model, a $600B "market cap" representing the sum wealth of bitcoin gives us a future value of ~$28,000 per bitcoin. I'd definitely sell some of mine if the value grows near this figure in the next 5 years.
submitted by cdelargy to Bitcoin [link] [comments]

Peter Schiff is right... Bitcoin (unfortunately) is a bubble!

For those that say... 'We're in it for the long term'... I wish I could see such a rosy picture for Crypto, but I can't. Look at crazy Max Kaiser today predicting Bitcoin to a trillion dollars. C-R-A-Z-Y! As a counterpoint to Crypto as a long-term investement, Peter Schiff is right (isn't he always?) about the long term prospects for crypto 'assets'. He says we're in a manic bubble with this. He hates crypto... the antithesis of crazy Max Kaiser. You can see where he's coming from, being in the business of selling gold, and Crypto is right now, unexpectedly, heavily 'suppressing' the long-awaited rise in gold/silver that he's been predicting and panting after. It's a wrench in his works and so he hates it. BUT... that doesn't mean that he's not 'right' in his intransigent insistence that Crypto is a bubble. It IS. Right now, 'Bitcoin' is king... because for how many years, it was the only act on the crypto stage. But look at the market now!... Last count 1071 cryptocurrencies to choose from!!... And Bitcoin gradually ceding its 'gold standard' place to their collective assault as its relative percentage of market cap steadily decreases. Sure, there are limited numbers of Bitcoins BUT, like Schiff says, there are an unlimited number of 'Bitcoins'.
So, just as the man says... give this explosive trend a couple of years and how can it not be the case that this wild Crypto-bubble will collapse... with the 'digital gold' of Bitcoin just being one of the thousands of 'alt-coins' in the rubble. I'd love to hear how you think this destruction-by-dilution of Bitcoin will not play out. After all, already in a few short years there are now over 1000 declared and traded crypto-currencies but there is, always has been and always will be only ONE monetary element that is gold.
submitted by BrentCruede to Bitcoin [link] [comments]

Bitcoin Is a Gigantic Bubble Just Waiting to Explode, Veteran (Peter Schiff) Forecaster Warns

Bitcoin Is a Gigantic Bubble Just Waiting to Explode, Veteran (Peter Schiff) Forecaster Warns submitted by knight222 to btc [link] [comments]

Peter Schiff speaking about Bitcoin, Palisade Radio. He still thinks Bitcoin is a bubble because there is no intrinsic value in Bitcoin...

Peter Schiff speaking about Bitcoin, Palisade Radio. He still thinks Bitcoin is a bubble because there is no intrinsic value in Bitcoin... submitted by Sherlockcoin to Bitcoin [link] [comments]

Peter Schiff ranting again against Bitcoin: Will Gold's Breakout Be The Pin That Pricks The Crypto Bubble?

Peter Schiff ranting again against Bitcoin: Will Gold's Breakout Be The Pin That Pricks The Crypto Bubble? submitted by beantheredone to Bitcoin [link] [comments]

Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It's Still a 'Bubble'

Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It's Still a 'Bubble' submitted by CryptoCurrency_News to CryptoCurrency [link] [comments]

Joe Rogan asks Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, about Bitcoin: "I see a lot of similarities in the people who are irrationally defending Bitcoin to what I saw in the dotcom or real estate bubble." [starts at 2:36:14]

Joe Rogan asks Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, about Bitcoin: submitted by sdrawkcabton88 to Bitcoin [link] [comments]

GoldMoney, The Parent Company of SchiffGold, Integrates Bitcoin Despite Peter Schiff's Bubble Comments

GoldMoney, The Parent Company of SchiffGold, Integrates Bitcoin Despite Peter Schiff's Bubble Comments submitted by P3rplex to btc [link] [comments]

GoldMoney Integrates Bitcoin despite Peter Schiff’s Bubble Comments

GoldMoney Integrates Bitcoin despite Peter Schiff’s Bubble Comments submitted by CryptoCurrencyNews to CryptoCurrency [link] [comments]

[Business] - Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff

[Business] - Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff submitted by AutoNewsAdmin to RTauto [link] [comments]

[Business] - Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff | Russia Today

[Business] - Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff | Russia Today submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff

Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff submitted by bitnewsbot to bitnewsbot [link] [comments]

Bitcoin Is a Speculative Bubble That Will Eventually Explode, Peter Schiff Warns

Bitcoin Is a Speculative Bubble That Will Eventually Explode, Peter Schiff Warns submitted by bluethecoloris to TheColorIsBlue [link] [comments]

Bitcoin Crash 90% Drop In One Day! - YouTube Peter Schiff - YouTube Peter Schiff - are the Cryptocurrencies in a Bubble? Bitcoin vs Gold with Peter Schiff - YouTube GoldMoney Integrates Bitcoin despite Peter Schiff’s Bubble Comments

You may know Peter Schiff as the anti-Bitcoin, ... Peter Schiff Claims the Stock Market Bubble Is Popping. If you’ve been following the gold promoter’s antics over the last couple of years, Peter Schiff has taken ever swing imaginable at Bitcoin and cryptocurrencies. 14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now! The fact that Bitcoin ... “This has got bubble written all over it, and I think it is the most irrational, it is the biggest bubble that I have ever seen,” Peter Schiff, CEO and chief global strategist at Euro Pacific ... Economic guru Peter Schiff is warning savvy investors that the controversial digital currency bitcoin is the “biggest bubble I’ve ever seen.” Schiff on Bitcoin, and the actions of the FED. For Peter Schiff, currently the FED is trying to apply measures used in the 2008 Crisis, but on a larger scale. At that time the bubble occurred, the FED stepped in and that prevented the recession run its natural course. That is a good thing. According to Schiff, at that time the tax authorities ... The CEO of Euro Pacific Capital, Peter Schiff, suggests the investors to invest in Gold rather than Bitcoin. In the latest Anthony Pompliano podcast, Schiff stated that "Feds created the Bitcoin bubble" just like the housing bubble, which is soon going to pop. He said that neither do they hold any intrinsic value nor do they possess the potential. As per the CEO, the highest spike up to ...

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Bitcoin Crash 90% Drop In One Day! - YouTube

Peter Schiff - are the Cryptocurrencies in a Bubble? Peter Schiff, a renowned investor, author, and financial commentator, who has consistently offered baseless condemnation on Bitcoin, has demonstrated why the demand toward Bitcoin and the ... Bitcoin debate at Las Vegas Freedom Fest featuring Jeffrey Tucker, Peter Schiff, Gary Smith, and Anthem Blanchard. Naomi Brockwell as the moderator. Topic: B... On July 2, 2018, Reason and The Soho Forum hosted a debate between Erik Voorhees, the CEO of ShapeShift, and Peter Schiff, CEO and chief global strategist of... Peter Schiff: This Is The End Of FED "Bubble Burst" Peter David Schiff is an American libertarian, stock broker, financial commentator, and radio personality...

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