@@Zwikster2013 to 2021 was 10 percent of my income to Silver Coins and Bars. Eagles, philahomonics coin. It was a good way to save my money. But that tax under two grand made me buy BTC instead in 2018.
I listened to him during his public debates on Bitcoin vs Gold with Erik Voorhees in 2014. Back then he said Bitcoin is going to zero. At least I looked back into censorship resistant money in 2017 and saved myself. But if I had invested 10k in 2014 it would be over a hundred million now. Peter makes the worst calls in the history of investment 😅 and he's responsible for keeping a lot of libertarians, poor, unfortunately. Which is not what I want for us. I want libertarians and conservatives to be rich. If you guys do buy crypto, learn how to buy it anonymously, and maybe get some coins that don't have publicly traded ETFs out yet (hint). I just want us to front run the major institutions and keep our money private and unconfiscatable.
@@lepton31415 So Bitcoin was used in part of the transaction regardless of whether or not Peter receives Bitcoin? He is benefitting from Bitcoin since he is receiving funds (albeit in fiat) that he likely would not have, if not for Bitcoin users. Sounds like Bitcoin is pretty useful then. But that is not a fact that Schiff is willing to acknowledge.
I'm overall outperforming a lot of assets by holding Bitcoin and a few other top crypto altcoins. When my percentage goes down it goes down about double that of the s&p100/500 but when it goes up it goes up like 5 times the S&P rate.
Cryptocurrency is booming, notably giants like BTC and ETH. Yet, the market's roller-coaster nature is testing even the hardiest investors. which is why we should look out for proper market analysis or alternatively seek guidance from certified market strategists
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
‘Linda Aretha Reeves’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@bogdanpopescu1401 Sambucks are backed by the military and if you hadn't noticed it's been going bankrupt for the last 20 years. We use 45yr old helicopters, 30 year old F-15s, and 65yr old B-52s. All because the dollar is backed by nothing. Sovereign debt collapse is real.
His business depends on him not admitting he was wrong. He's trying to sell you gold ..... So of course he will say gold is the best thing you can buy.
No, he's got a business selling gold and he's going to keep selling it. Arguing with him about gold is like arguing with Alex Jones about water filters and vitamins.
@@thunderthormx @LarsLarsen77 I actually think it's deeper than that. On a fundamental level - I think he's been wrong about it for so long, he can't help but hate it. And the irony of it is that BTC and Gold are far more similar than they are different. They are both seen as stores of value, and/or as a currency with no real utility outside of that. Gold is the anchor for the precious metals commodity market and likewise with BTC for the crypto market. People at some point in time looked at gold and decided it had value. The same happened for BTC. Also, his analysis of about BTC ETF's is honestly absurd.
Bitcoin halving is fully done, now miners need to earn x2 of what they have earned to remain profitable. In other words, $80000 is needed for miners to stay profitable with current halving rate. Bullish times ahead, only few understand.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
Consider DCAing instead of a lump sum purchase. Consult a crypto expert for informed decisions. Time in the market is crucial. Following this, my pòrtfolio grew to 700k.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Aileen Gertrude Tippy” for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Bitcoin is a pyramid scheme. Just because this pyramid scheme has gone on for an incredibly long time does not make it a good investment. The bottom could go out of the market at any moment and that has been true since the beginning. Bitcoin has always been a bad bet, some people just had dumb luck. Believing anything else is hindsight bias. Peter Schiff (and Charlie Munger) are right, and have always been right on Bitcoin.
@@Emily_Gray73 he's right, his arguments are solid; any other way to spend your money is the opponent of gold, that's a stupid assumption about what's driving his reasoning
Please buy Bitcoin and don’t listen to Peter. He's just too stubborn as a mule. I regret not following my instinct and bought bitcoin some months ago when its price was between $20k and $25k because i listened to Peter. It's quite devastating now.
Agreed, I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today. Personal best
Her name is 'Amber Russell Bennett'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Schiff's argument about Bitcoin could easily be applied to the concept of any currency. If no one trusts in a particular currency, it becomes stagnant and doesn't flow and loses value. If more people adopt the more convenient Bitcoin could become.
I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
This man is missing a key point. He says Bitcoin is nothing. Money is nothing too. It’s just paper; no longer backed by gold, so it’s only used to exchange for goods because people trust in the USA government and the federal reserve. If enough people decide that they trust Bitcoin more than USD and decide to use that for exchanging goods than that in itself gives Bitcoin the same or better value and purpose than USD.
Exactly. He bashes Bitcoin but then says he’s buying foreign stocks to try to get away from the dollar. He is just buying into another fiat currency. Bitcoin is digital gold. Other crypto is fiat like the dollar and imaginary. Bitcoin has never been hacked and has a limit to how much there is. It is literally digital gold and he is bashing it lol
Gold is mostly nothing too. Industrial and jewelry use would not support its current worth. A lot of what gold is worth today is monetary premium. Bitcoin is pure monetary premium. Dollars is pure monetary premium too, but decreasing over time as scarcity and trust on the rails controlled by governments erodes
@@grahamkraka Bitcoin is not digital gold. because bitcoin is saying only 21 million can be created, no one knows the number how many oz can be created of gold because there's still gold in the ground today.
With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I'm impressed with the advisor's prompt response and expertise. Their clarity and professionalism instilled confidence from the start. Excited to explore opportunities together! Thank you.
@@helix8847 smart guy never heard of exchange before 😂😂😂😂, like if I want to buy a house I won't sell my gold or stocks for whatever the seller wants to collect
I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $20k - $25k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
i don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new market opportunities, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
Thanks for your advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
Honestly? I'm so excited. Juliana Heidi strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to JuLiana for I and my family.
If Bitcoin has no value because it's just a bunch of numbers on a computer screen, then how does a baseball card have any value when it's just ink on a piece of paper?
Does art have any value, its just ink on paper or canvas right? The sports card market has actually out performed most indexes, and its becoming an investment class of its own. Thats why PBD is into sports cards
Value is subjective. That being said some things are just a better store of value than others. A baseball card is still a terrible store of value because it can degrade over time and has few other uses. Bitcoin isn’t very stable because it’s not a physical object that has any use outside of being a form of currency, and it’s only possible with modern infrastructure and technology. Gold in comparison is great as money because it doesn’t degrade over time, it’s a physical object, and it has uses outside of being money. Gold is also a very rare resource and will, for the foreseeable future, always be valuable. Remember gold has literally been valuable for thousands of years almost globally in most developed cultures.
I want to invest roughly $70,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
yep, classic shill giving illogical advice and fear mongering to sell more of the product he provides. He's a pure salesman, he's given so many awful calls/advice over the last 20 years I honestly don't understand how he even has a following or is taken seriously in any way. He's about as accurate as your drunk uncle at thanksgiving giving the next penny stock investment opportunity.
@@tmac9938 How would it be possible to get rid of it for something of value if it has no value? I can't get rid of my garbage for gold. In fact people charge me money to take my garbage.
For a good 3 decades and counting now. And yet many people STILL listen to him despite being mostly WRONG in MANY predictions for those 3 decades, and counting. Whether the stock market, gold, BTC, currencies, and on and on -- his track record is just HORRENDOUS.
That's what a chain letter is--you pass on the hot potato into the last holder What % of Bitcoin holders would still hold if price wasn't going up The 70-80% Bitcoin crashes each cycle might provide the answer
Hit 70k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started crypto trading with 5k in July 2023
This dude's been 💩 pooping on bitcoin for a long time...he doesn't even know how btc works...15 yrs later, btc is still around and thriving. Tsk tsk tsk..
@@Pepestock wrong, unlike the real economy, which grows by good investment, hard work and innovation, the world of crypto is a zero sum game; in any zero sum game, what's good for some is bad for others; lost bitcoin is bad for people who lost it and good for the ones holding to it; the only scenario good for everybody in the crypto game is when resources from the real economy spill into the game; just like in any other Ponzi scheme
Not only that, everything he says, I can say, or anybody can say. It's easy. Try to actually KNOW what blockchain is. My daughter tells me it's all about some Byzenthene crap, and I don't get it. She does, and then streams her content etc...I pop in my DVD and still have my 8 tracks somewhere. I can't move on, neither can Schiff.
@@wreckim haha thats funny. Byzanthine general dilema. Imagine you me and 6 other generals decided that the King has gone crazy, and that we are going to take him and his royal guard out... and as we do that in the middle of the battle you realize who out of 8 of us is going to be the next king? we dont know, maybe as the battle comes to the close the other general will kill you and ur troops so he becomes king. so ur allies become your enemies the closer you come to victory. That is a methaphore how one website cant trust another website on the internet if there is no money aka cryptocureny involved, and even then.
@@michaelblake1023you sure? Might want to skim whats happening in Turkey w/the Lyra. Might also want to see whats transpiring w/BRICS. Petro dollar is already dead. Just doesn’t know it yet.🤷🏻♂️
He is right I have crypto for 3 years and I am still in negative equity Most valuable commodity is land that is outside the reach of criminals and government
@@ppp.pp.p Of course bitcoin has no physical backing. Money has been digital for a long time and it will be forever. What don't you gold bugs get about that? Once you back money with something physical you introduce the reasons why gold ALWAYS FAILS as money. Bitcoin has solved those problems and much more. Bitcoin's value is not at all arbitrary. It's decided by supply and demand. The supply is much more sound than gold and the demand will continue to increase as more people continue to adopt it because it's by far the best form of money ever created. If governments could shut it down then they would have years ago. They can't because there are over 50,000 nodes all around the world. It's decentralized like the file sharing protocol BitTorrent. They would have shut that down years ago too if they could but they simply can't.
In the end, including gold and paper money, it is all only worth what people believe it’s worth. Golds value is much the same as how he describes BTC, only it’s inefficient to move, sell and store.
When nothing can go wrong with the technology surrounding BTC, including the exchanges, be sure and get back to us. At least with the ETF's, you won't get hacked unless they screw up the storage of he BTC backing the ETF.
Now this guy said he buys gold stocks and then he makes a case that you dont own btc through the ETF. Ok btw Peter if you own gold stocks you still dont own the actual asset.
Gold stocks are probably the worst investment right now. Unlike gold they're going down because they're basically a bet on the oil price going down thus making it easier to mine more gold with less investment. Oil prices are currently going up.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
The best course of action if you lack market knowledge is to ask a consultant or investing co-ach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
The market is unstable and the rich aren't getting definitive answers so they are freaking out. Purchase of art is at an all time high, gold is going up at a steady pace, food is further rising, large industrial purchases are lagging, property prices are at the peak and on the way down as rental property didn't pan out. The Fed has two options: remain steady or increase rates by one quarter of a percent two times this year. There is just too much money in the market and the banks have no clue what is happening...The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
I loving following Peter just to make sure I am still on the right track. The longer he stays gold only and anti Bitcoin is great for me! Although it is extremely tough to listen to him continue to say Bitcoin has no use case. What about how the mining operations that are solving the global grid expansion issues by offering a demand guarantee and the ability to curtail when other demand is at its peak. This allows energy companies to expand without risk. Sounds like a gigantic use case to me. Anyway, keep going Peter, love your content. Quick edit, I enjoy Peter's content on Gold, and I appreciate his content on Bitcoin, but A LOT of his content on Bitcoin is 100% factually incorrect.
man this guy is ridiculous hahaha, aside from his btc arguments, bro said 50% of his portfolio is gold and the rest is mostly foreign stocks to “get out of the dollar”😭
If the world is going to melt down the last thing I want is my securities in the hands of shady foreign countries with little property rights or respect for foreign investors. What Peter should have argued is that the average person’s net wealth can be held in a few tiny gold coins so moving across borders is a negligible argument for MOST people.
the dollar he and his fellow jew money changers are laundering away in Ukraine to their own pockets and printing it into nothingness....second shoe to drop is all the main street investors go broke and they snatch up all our assets for pennies on the dollar....pennies they printed in the first place. Get it? It's Weimar Germany, it's the 1920s stock market crash, all deliberate. The slowly boiled frog doesn't complain.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kathleen Chandler
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Kathleen Chandler for I and my family
ALL collectibles ONLY are worth what someone else will pay at a particular time. Including BTC. At least good stocks have the value of the underlying business, cash flow, earnings growth, a growing dividend, etc. At least gold has some industrial and artistic value.
Peter said you're transferring nothing when you buy crypto. By that logic you are transferring nothing into a precious metals IRA because you are not physically holding anything or transferring money into your bank account because until you ask for the paper in your hand then you have nothing.
A former NY trader friend of mine told me instead of buying physical gold he's buying gold ETFs. He doesn't see that he's just buying fake promises during times of somewhat stability. As soon as this fake economy busts (which is right around the corner) all that fake money will disappear into thin air. And it isn't because comms are down. Institutional people just can't imagine a day where the jew market gets pulled out from under him.
The market took a big dive before April, 2020 that hasn't been seen since 2009,The key to financial stability is having the right investment suggestions for a diverse portfolio.
Where did you invest? I'm just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don't understand what that means
You know her too ? I'm also a proud beneficiary of her superb platform. There are the biggest custodians. after this I also would not be asking investing advice in the UA-cam comments. 80% are scammers.
In reality, Bitcoin crashes and rises with the tech Market. Crypto has opened doors for global financial inclusion. It's time for more equitable world!❤
My brother got into Bitcoin in the 2014-15. And now he’s sitting on the Beach in Mexico. Everything has value based on demand and perception. “It’s not going anywhere”. Peter, it just hit $70,000.00. Bitcoin has a 10 year historical record now.
Soon Bitcoin will be the only viable money left. And people will only accept it to render the product and services you need. So you will need to get your hands on Bitcoin eventually.
I believe that individuals should go investigate what currency is and know the ramifications of untrue currency. Investigate the history, philosophy, and so on . Currency has an absolute definition that all will agree on. Curency must have value . Value has an absolute definition, too. Not someone's perception or wants of what currency is .
Nobody in that room knows more about the crypto space than Peter. He’s wrong with his pessimistic point of view but it’s funny how he’s the most informed amongst actual Bitcoin buyers.
This is the same guy that's been saying gold is going to do a moonshot forever, even though it's barely doubled in 5 years while inflation has been going out of control, and has been in the same $1k-$2k range for as long as the charts go back.
the ignorance of your comment is mind-blowing; "barely doubled in 5 years" - a thing like gold is supposed to keep its value, not increase in value over time; for such a thing to double its nominal value in 5 years it is truly remarkable, and indicative of very high inflation; the official inflation over the last 5 years is well below 100%, it's even below 50%; the real, unofficial inflation is probably almost double, so probably still below 100%; bottom line, gold has kept up with inflation over the last 5 years, just as it was supposed to do; long term it always does; no go back to your day dreams of getting rich fast with no effort with bitcoin
@@bogdanpopescu1401 did you even read what I posted? He hasn't been calling a stable store of wealth. I know what gold is used for. He's been calling a moonshot. 2X is not a moonshot, the same exact range of worth for the entire time he's been calling a moonshot is not a moonshot. What has Bitcoin done in the same time period? Since he calls it so worthless...yet it's done a lot more than 2×. It's done 12× in that same time period and if you go for a 10-year time period since gold's been in the same price range that entire time, it's done a lot more than that, it's done 204×, Gold has returned 55% increase in the same 10-years, that barely outpaces inflation. Following Peter Schiff's advice at all after the one valuable call he ever made in 2008 has been a bad idea.
204× ROI vs. 1.79× ROI in 10-years, 12× ROI vs. 1.56× in 5-years...investing in gold has not provided the moonshot returns Schiff has incessantly promised for over a decade whilst railing against BTC the entire time.
Gold is strongly manipulated by the money changers by financial wizardry designed to not be understood by main street. It's highly controlled, silver even more so. Once their greedy little mitts lose control the price will seek reality and skyrocket in relation to the deliberately destroyed dollar.
He was pushing gold hard in the 1987 crash, the 2008 crash, etc. He's a one trick pony. Over the long run gold has been an effective inflation hedge. That's it. Stocks are MUCH MUCH better over several decades or more.
I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300k and it warms my heart that this is still happening. We are now in a bull run, and I am confident that I will regain everything I lost.
Cryptocurrency is booming, notably giants like BTC and ETH. Yet, the market's roller-coaster nature is testing even the hardiest investors. which is why we should look out for proper market analysis or alternatively seek guidance from certified market strategists
Like everyone else, the only possible problem you might have is a FOMO. The correct strategy is essential; my port-folio has grown by 100% since the beginning of the year and is suitable for every market phase. Working toward a seven-figure ballpark target with my CFP might take us until Q3 of this year.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I think it's more likely there is a gold confiscation, or you get taxed horribly when you try to convert it, or the government takes it from you at the border, than for all computers running the Bitcoin ledger around the world disappearing.
Wait, so if technology ever crashes you want gold, you think gold will be valuable not resources like water, firearms , and food. Alcohol will be more valuable than anything else but you want fucking gold. If the world crashes give me a break man you don’t know what the hell you’re talking about.
Correct if Im wrong but... If you print more money and throw in to the crypto market, the less value the US dollar has. But if Tether is connected with the dollar, how can it explode? And if it does, shouldnt be temporary?
Yup. OTOH, bullets, freeze dried food, etc. don't grow or provide cash flow. In fact, time works against them instead of for them. In reality, life needs to be about balance over time in the VAST majority of cases.
6:59 The same argument could be made about Fiat Currency, especially USD. It has value because people believe in it. His theory also proves how USD could crash. OMG then at 12:29 he is talking about not investing in the dollar, so he is investing to crash the dollar but doesn't realize it.
Even if Peter was right, you should still buy bitcoin BECAUSE STOP LOSS ORDERS EXIST. Who gives a shit if it goes to zero? Nobody with any financial sense.
Schiff warning about the danger of speculating while speculating on gold and international stocks. After complaining about the wide spread on baseball cards andnthe difficulty of selling them, says he'd rather own $1 million in baseball cards than $1 million in BTC... Even though BTC is way more liquid and has a much tighter spread...
He is right about the Tether disaster that is inevitable at some point but that's the only thing I agree with him on. Bitcoin is not the ponzi Tether is the ponzi.
@@NoGoodNoob But Tether is what's supporting bitcoin. If there's no tether, there wouldn't be these high bitcoin prices. Thus bitcoin indirectly is a ponzi.
Is a 1952 Mickey Mantle topps card PSA 10 ever going to be worth zero like some of these NFTs went from millions down to 1k losing 99% of their value? A 1952 Mantle PSA 9.5 went for 12.6 million is that ever going to lose 99% of it's value like these NFTs are dropping like flies.
I like peter but he is wrong about this. There is no concerted effort to push the price of bitcoin up from the bitcoin community. The one thing he ignores is the fact that there is no central agency managing bitcoin.
@@rchicks22and what does that mean if true? Bitcoin isnt a stock or a company that means who have the most coins control the network. Its a consensus network of nodes, miners and users. Last time I checked bitnodes, there were over 14k nodes spread out in 93 countries. That is just one aspect of the network.
Are you 'investing' or 'storing wealth' (aka hedging against inflation)? Big difference. Gold and Silver for the later, no counterparty risk, intrinsic value. Lead to protect it. If you don't hold it you don't own it!
This guy is smart, but has an extremely limited Idea of what Bitcoin actually is and is capable of. He is wrong. Every 4 years these "Bitcoin is going to zero" guys pop up and bag on Bitcoin. They are never right. 18 months after the halving is when you sell, if you are inclined to do so. Not hard.
Pete has been publicly saying Bitcoin is going to zero since at least 2014. If you invested 10k in it back then, you'd have at least a hundred million. That's a lot different than zero. Maybe the founder of SchiffGold is not good at making price calls on Bitcoin. 😅
ah man it seems luke he doesnt understand the premise of bitcoin, thiz is good though as Bitcoin continues to perform it will cement its value to the skeptics
Let see .. Hold your wealth in something tangible you can hold in your hand that has held value throughout the history of mankind or digital funny money which is basically as I call it crowd funding for the moneyed elite, something with zero privacy, and more centralized than the US dollar with a handful of wallets owning 90% of the supply.. while ultimately paying for your own destruction with the coming cashless society. Tough question Pat! 🤣🤣🤣
Peter Schiff (owner of SchiffGold) has been saying Bitcoin will go to zero since his 2014 Bitcoin vs Gold debates with Erik Voorhees. If you invested $10k in Bitcoin that year, you'd have $156,000,000. That number seems a lot different than zero. GREAT CALL PETE 😅
@@-whackd the fact that he won’t acknowledge that gold is only valuable because we all agreed it is but not that BTC is valuable because we agreed it is, same as the dollar, is HILARIOUS. Bro trying to take it back to the basics with this philosophy, then okay, honestly a pile of twigs is more valuables than a bar of gold if you’re talking tangibles because we can at least burn the twigs in a fire for warmth. Dude isn’t standing on business he’s standing on BS with this take and I’m happy he’s doing it.
@@xcaluhbrationeverything is only as valuable as we agree to. But having real uses will prevent something from becoming worthless. There will always be electronics and jewelry for gold use. Rice isn't worth much until you are in a famine, then its worth more than gold. Bitcoin has no end use, it is purely speculative, and never will have a use. It actually requires an enormous amount of energy just to maintain and operate the blockchain.
Peter is gonna be right one day you know. I'm not going to be the last sucker getting out of bitcoin. @Pat, I'm sure Peter is heavy into HKEX and more into SGX.
if you make smart decisions and invest in the right places, you can reduce the risk factor, increase the reward factor, and generate meaningful returns. The majority of stocks will be at or near one extreme or the other several times a year. Stocks have a 52-week low and a 52-week high. equities fluctuate up and down; even rising equities will retrace and test previous supports. It's what they do, and I tend to buy much more frequently at or within 15% of 52-week lows. Although the market is out of my control, I can control when I buy
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
Whitney Kay Stacy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets
I followed Peter for a few years, worst decision I ever made. He sells Gold and Silver so he promoted it and sh!t talked BTC for years. He started dissing BTC as low as $50, what a mistake.
In Jan of 2010, Peter Schiff said "... Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years." It's been 14 years and it hasn't even gotten to $3000. In 2019 Peter said Bitcoin would never hit $50K. Why do investors even consider Peter's "expert" predictions?
Peter is the reason why I didn't get into Bitcoin 15 years ago. Worst f****** mistake I ever made.
So, are you going to mortgage everything you have today and jump in to the BitCoin feeding frenzy?
Me too, I would have 100 million dollars if I bought Bitcoin instead of precious metals at the time. Dead serious lol.
@@Zwikster2013 to 2021 was 10 percent of my income to Silver Coins and Bars. Eagles, philahomonics coin. It was a good way to save my money. But that tax under two grand made me buy BTC instead in 2018.
😂😂😂lol
I listened to him during his public debates on Bitcoin vs Gold with Erik Voorhees in 2014. Back then he said Bitcoin is going to zero.
At least I looked back into censorship resistant money in 2017 and saved myself.
But if I had invested 10k in 2014 it would be over a hundred million now.
Peter makes the worst calls in the history of investment 😅 and he's responsible for keeping a lot of libertarians, poor, unfortunately. Which is not what I want for us. I want libertarians and conservatives to be rich.
If you guys do buy crypto, learn how to buy it anonymously, and maybe get some coins that don't have publicly traded ETFs out yet (hint). I just want us to front run the major institutions and keep our money private and unconfiscatable.
Peter isn't buying Bitcoin, but his son is.... 😂😂😂😂😊
Peter accepts BTC as payment too...busted on Twitter years ago....
Peter does not accept bitcon. a 3rd party converts it to usd and sends that to Schiffgold
what's so funny?
@@lepton31415 So Bitcoin was used in part of the transaction regardless of whether or not Peter receives Bitcoin? He is benefitting from Bitcoin since he is receiving funds (albeit in fiat) that he likely would not have, if not for Bitcoin users. Sounds like Bitcoin is pretty useful then. But that is not a fact that Schiff is willing to acknowledge.
His son will be richer than him in 5-10 years!
I'm overall outperforming a lot of assets by holding Bitcoin and a few other top crypto altcoins.
When my percentage goes down it goes down about double that of the s&p100/500 but when it goes up it goes up like 5 times the S&P rate.
Cryptocurrency is booming, notably giants like BTC and ETH. Yet, the market's roller-coaster nature is testing even the hardiest investors. which is why we should look out for proper market analysis or alternatively seek guidance from certified market strategists
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
who is your advisor please, if you don't mind me asking?
‘Linda Aretha Reeves’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
"Bitcoin is Ponzi"
"Is there a bigger Ponzi than the greenback?"😂
😂😂 And there it is. I’d say fiat currency was the ORIGINAL representation of Ponzi
He agrees
which ponzi token does the army get paid in?
Bitcoin is priced in greenbacks
Ever considered Bitcoin was created by the WEF as an exit option to the greenback if all fails.
Pretend here that Peter is talking about the US Dollar, not Bitcoin… conversation makes sense 👌
he says the same about fiat money, except it is backed AND imposed by the government
@@bogdanpopescu1401 backed 🤣🤣🤣🤣🤣, very funny word. Nothing is actually backed in this world that is a dystopian term
@@bogdanpopescu1401 Sambucks are backed by the military and if you hadn't noticed it's been going bankrupt for the last 20 years. We use 45yr old helicopters, 30 year old F-15s, and 65yr old B-52s. All because the dollar is backed by nothing. Sovereign debt collapse is real.
USD the biggest shit coin on the market
Best comment everrrr!!💯
Peter Schiff’s arrogance won’t allow him to admit he was wrong about Btc
THIS! He’s really mad he didn’t get in on it early or doesn’t quite understand it’s potential
His business depends on him not admitting he was wrong. He's trying to sell you gold ..... So of course he will say gold is the best thing you can buy.
Btc is easily manipulated due to light float like any penny stock
No, he's got a business selling gold and he's going to keep selling it. Arguing with him about gold is like arguing with Alex Jones about water filters and vitamins.
@@thunderthormx @LarsLarsen77 I actually think it's deeper than that. On a fundamental level - I think he's been wrong about it for so long, he can't help but hate it. And the irony of it is that BTC and Gold are far more similar than they are different. They are both seen as stores of value, and/or as a currency with no real utility outside of that. Gold is the anchor for the precious metals commodity market and likewise with BTC for the crypto market. People at some point in time looked at gold and decided it had value. The same happened for BTC. Also, his analysis of about BTC ETF's is honestly absurd.
Peter had been wrong for 12 years about bitcoin.
It’s funny as the price keeps going up
M I C R O S T R A T A G Y $MSTR Stock went up 15% today
Contrary to what Peter Schiff said
If you bought bitcoin 3 years ago you might have the same amount of money as today. Gold would have made you money.
@@WiredForFishingwell I bought at 16,000 so there’s that
@@WiredForFishing😂😂😂 this is going to age like milk 😂
@@WiredForFishingcope everyone who bought is in profit. Gold is boomer asset that is a horrible hedge against inflation.
Peter Schiff: Bitcoin is bad Gold is better! Also Peter Schiff: People are selling Gold to buy Bitcoin!
M I C R O S T R A T A G Y $MSTR Stock went up 15% today
Contrary to what Peter Schiff said
Yeah? So? He also said people are fools. His statements were quite congruent
Man I never thought they would finally establish it
How can one comment be more useful than anything I watched on this video?
This is the defining step for massive bullmarket for all tokens
Bitcoin halving is fully done, now miners need to earn x2 of what they have earned to remain profitable. In other words, $80000 is needed for miners to stay profitable with current halving rate. Bullish times ahead, only few understand.
Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?
Consider DCAing instead of a lump sum purchase. Consult a crypto expert for informed decisions. Time in the market is crucial. Following this, my pòrtfolio grew to 700k.
Do you mind sharing info on the expert who assisted you?
“Monica Shawn Marti” is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with ‘’Aileen Gertrude Tippy” for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
The only FOOL here is Peter Schiff
Here is another bitcoin RAT
Bitcoin is a pyramid scheme. Just because this pyramid scheme has gone on for an incredibly long time does not make it a good investment. The bottom could go out of the market at any moment and that has been true since the beginning. Bitcoin has always been a bad bet, some people just had dumb luck. Believing anything else is hindsight bias. Peter Schiff (and Charlie Munger) are right, and have always been right on Bitcoin.
He's not a fool. He's just ridiculously prejudiced as BTC is the opponent of Gold as he sees it.
@@Emily_Gray73 he's right, his arguments are solid; any other way to spend your money is the opponent of gold, that's a stupid assumption about what's driving his reasoning
@@Emily_Gray73Well that makes him a fool.
Please buy Bitcoin and don’t listen to Peter. He's just too stubborn as a mule. I regret not following my instinct and bought bitcoin some months ago when its price was between $20k and $25k because i listened to Peter. It's quite devastating now.
This is why I only take advices from my advsor for good entry and exit points on any buys. Best decision yet.
Agreed, I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today. Personal best
@georgeh Mind leaving info of your advisor here please?
Her name is 'Amber Russell Bennett'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Thank you for sharing. I just scheduled a phone call with her. She seems proficient considering her résumé.
Schiff's argument about Bitcoin could easily be applied to the concept of any currency. If no one trusts in a particular currency, it becomes stagnant and doesn't flow and loses value. If more people adopt the more convenient Bitcoin could become.
i agree fam, i was gonna say the same
Bitcoin is technically infinitely divisible. that means it has unlimited supply
Btc has no country
@@lepton314151 gram of gold is “infinity divisible”. So… you would argue that that 1 gram is an unlimited supply?
Not really if a country has oil/gold that gives currency really value
PBD needs to have Michael Saylor on.
On again you mean
he did
Saifedean better
A debate between Michael & Peter could be interesting, not sure if they've done it before.
He has!
I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?
It's important to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Her name is. 'RACHEL SARAH PARRISH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
This man is missing a key point. He says Bitcoin is nothing. Money is nothing too. It’s just paper; no longer backed by gold, so it’s only used to exchange for goods because people trust in the USA government and the federal reserve. If enough people decide that they trust Bitcoin more than USD and decide to use that for exchanging goods than that in itself gives Bitcoin the same or better value and purpose than USD.
Exactly. He bashes Bitcoin but then says he’s buying foreign stocks to try to get away from the dollar. He is just buying into another fiat currency. Bitcoin is digital gold. Other crypto is fiat like the dollar and imaginary. Bitcoin has never been hacked and has a limit to how much there is. It is literally digital gold and he is bashing it lol
The point you're missing is gold has a use*!
Bitcoin does not!
*As in manufacturing or jewelry!
Gold is mostly nothing too. Industrial and jewelry use would not support its current worth. A lot of what gold is worth today is monetary premium. Bitcoin is pure monetary premium. Dollars is pure monetary premium too, but decreasing over time as scarcity and trust on the rails controlled by governments erodes
Does bitcoin issue debt or bonds with interest when you make credit available to the bitcoin creditors?
@@grahamkraka Bitcoin is not digital gold. because bitcoin is saying only 21 million can be created, no one knows the number how many oz can be created of gold because there's still gold in the ground today.
Peter Schiff is a Bitcoin hater, he’s just mad he didn’t buy earlier
That’s true, when people buy into something they also need to sell others on it too.
@@annetoronto5474Fr
Beware
He has a business in selling gold, so it is obvious he's hating on Bitcoin.
@@objective7042Explains all the gold he’s wearing
With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Your advisor appears skilled. How can I contact them? I've recently sold property and aim to invest in stocks, seeking guidance.
Amber Russell Bennett is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I'm impressed with the advisor's prompt response and expertise. Their clarity and professionalism instilled confidence from the start. Excited to explore opportunities together! Thank you.
The more i listen to him the more my bitcoin conviction grows as the better asset.
He makes a strong case to stack more bitcoin.
What are you going to do with it? Can you buy your house with it?
@@helix8847 can you buy a house with gold? Or with apple stock?
@@helix8847 smart guy never heard of exchange before 😂😂😂😂, like if I want to buy a house I won't sell my gold or stocks for whatever the seller wants to collect
You can if you want to but not a good idea.
I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $20k - $25k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
i don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new market opportunities, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Hold onto it.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
Thanks for your advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
I’m 67yrs and have been looking for ways to be successful, please how?'
have you not heard about Juliana Heidi?
Honestly? I'm so excited. Juliana Heidi strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to JuLiana for I and my family.
If Bitcoin has no value because it's just a bunch of numbers on a computer screen, then how does a baseball card have any value when it's just ink on a piece of paper?
Does art have any value, its just ink on paper or canvas right? The sports card market has actually out performed most indexes, and its becoming an investment class of its own. Thats why PBD is into sports cards
Fiat currency is just ink on paper.
Because a baseball card is a tangible asset with stored value, and Bitcoin is intangible asset that fluctuates in value
Value is subjective. That being said some things are just a better store of value than others. A baseball card is still a terrible store of value because it can degrade over time and has few other uses.
Bitcoin isn’t very stable because it’s not a physical object that has any use outside of being a form of currency, and it’s only possible with modern infrastructure and technology.
Gold in comparison is great as money because it doesn’t degrade over time, it’s a physical object, and it has uses outside of being money. Gold is also a very rare resource and will, for the foreseeable future, always be valuable. Remember gold has literally been valuable for thousands of years almost globally in most developed cultures.
@@StetoGuyCorrect. All great points bro
Thanks for having Peter on. I enjoy someone who says the same thing for 10 years. Right or wrong. It's refreshing.
I want to invest roughly $70,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My CFA ’Rachel Sarah Parrish’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
3:43 So Saylor buys Bitcoin to prop up MSTR stock price? Why does MSTR stock price go up when the company buys Bitcoin if Bitcoin is worthless?
Mstr has been killed by its bitcoin holdings as well. It's on their balance sheet
@@joshanderson3640 You didn't answer the question. Can you read?
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr Brian Nelson
AMS66K to the moooon 🚀. AMS66K will hit 1bn marketcap soon, its volume is insane. Binance or coinbase listing might be soon🎉🎉
Sam Bankman had something similar, right?
It sounds like they lifted and re-appropriated a lot of innovation and technology from AMS66K. I'm interested to see where they go.
Peter sells gold for a living.
This
@@ElectronicHypnotic and immediately gets rid of it for something of value
And accepts BTC for payment
yep, classic shill giving illogical advice and fear mongering to sell more of the product he provides. He's a pure salesman, he's given so many awful calls/advice over the last 20 years I honestly don't understand how he even has a following or is taken seriously in any way. He's about as accurate as your drunk uncle at thanksgiving giving the next penny stock investment opportunity.
@@tmac9938 How would it be possible to get rid of it for something of value if it has no value? I can't get rid of my garbage for gold. In fact people charge me money to take my garbage.
Peter should write a book- Poor dad rich son
lol
This guy makes my head hurt. I'm gonna go buy more Bitcoin
Cool. We will laugh. Only so many will make money. Everyone else will lose everything they have.
@@WiredForFishingsomeone missed out, keep holding that boomer rock 😂
Your head hurts bc your allergic to logic and common sense.
😂😂😂
@@Pepestocka rock you can hold, a bitcoin not so much
Peter Schiffs father was a great patriot 👍 ❤
Not really
Thanks!
Old Man Yells at Cloud.
He's loaded. Are you?
For a good 3 decades and counting now. And yet many people STILL listen to him despite being mostly WRONG in MANY predictions for those 3 decades, and counting.
Whether the stock market, gold, BTC, currencies, and on and on -- his track record is just HORRENDOUS.
@@rogergeyer9851 he predicted a lot correctly. Like the 08 crash as PBD mentions..
That's because every year he says there's going to be a crash @@joshanderson3640
So if someone wires a million dollars into your bank account they just transferred nothing according to Peter. Guy is a genius.
Yes. And people will eventually figure that out. Just takes a while. But when it happens...it happens fast.
Exactly. He does not understand that it's not about the asset but the value you swapped for the asset and how you made it.
That's what a chain letter is--you pass on the hot potato into the last holder
What % of Bitcoin holders would still hold if price wasn't going up
The 70-80% Bitcoin crashes each cycle might provide the answer
Hit 70k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started crypto trading with 5k in July 2023
Wow!, I'm surprised you trade with Rodriguez, he's the best at what he does.
he's mostly on Telegrams, using the user.
@ProRodrigue THAT IS HIS USER NAME
Wow I have heard so much about him and have been trying to get in touch with him. thanks for the info. His popularly known here in Madrid
This dude's been 💩 pooping on bitcoin for a long time...he doesn't even know how btc works...15 yrs later, btc is still around and thriving. Tsk tsk tsk..
There are less vendors now that accept BTC than there were 8 years ago.
Like 30% of all bitcoin ever mined is permanently lost forever.
@@WiredForFishingyes, you know that's a good thing, right? Please tell me you understand supply and demand?
15 years later, many people lost lots of money in crypto
@@Pepestock wrong, unlike the real economy, which grows by good investment, hard work and innovation, the world of crypto is a zero sum game; in any zero sum game, what's good for some is bad for others; lost bitcoin is bad for people who lost it and good for the ones holding to it;
the only scenario good for everybody in the crypto game is when resources from the real economy spill into the game; just like in any other Ponzi scheme
Don't people get tired of debating this guy... he basically doesn't want to admit he missed out....
Not only that, everything he says, I can say, or anybody can say. It's easy. Try to actually KNOW what blockchain is. My daughter tells me it's all about some Byzenthene crap, and I don't get it. She does, and then streams her content etc...I pop in my DVD and still have my 8 tracks somewhere. I can't move on, neither can Schiff.
@@wreckim haha thats funny. Byzanthine general dilema. Imagine you me and 6 other generals decided that the King has gone crazy, and that we are going to take him and his royal guard out... and as we do that in the middle of the battle you realize who out of 8 of us is going to be the next king? we dont know, maybe as the battle comes to the close the other general will kill you and ur troops so he becomes king. so ur allies become your enemies the closer you come to victory. That is a methaphore how one website cant trust another website on the internet if there is no money aka cryptocureny involved, and even then.
wrong bitcoin is not going to be worth anything if the dollar crashes. gold and silver is real money for over 1,000 year.
@@michaelblake1023 bitcoin is better than gold for 10 reasons
@@michaelblake1023you sure?
Might want to skim whats happening in Turkey w/the Lyra.
Might also want to see whats transpiring w/BRICS.
Petro dollar is already dead. Just doesn’t know it yet.🤷🏻♂️
"anyone who streams digital movies a fool." - Blockbuster video.
Here before 1M BTC 😁
He’s not as smart as he thinks he is 🤣🤣🤣.
He is right
I have crypto for 3 years and I am still in negative equity
Most valuable commodity is land that is outside the reach of criminals and government
Crypto is a fucking scam.
@@WiredForFishing Please explain how the most secure, most decentralized, most unstoppable, and only form of incorruptible money is a scam.
@@mesoanto1031 Hi Peter
@@ppp.pp.p Of course bitcoin has no physical backing. Money has been digital for a long time and it will be forever. What don't you gold bugs get about that? Once you back money with something physical you introduce the reasons why gold ALWAYS FAILS as money. Bitcoin has solved those problems and much more.
Bitcoin's value is not at all arbitrary. It's decided by supply and demand. The supply is much more sound than gold and the demand will continue to increase as more people continue to adopt it because it's by far the best form of money ever created.
If governments could shut it down then they would have years ago. They can't because there are over 50,000 nodes all around the world. It's decentralized like the file sharing protocol BitTorrent. They would have shut that down years ago too if they could but they simply can't.
In the end, including gold and paper money, it is all only worth what people believe it’s worth. Golds value is much the same as how he describes BTC, only it’s inefficient to move, sell and store.
His greater fool theory applies to all assets and equities. Any investment of any kind really.
When nothing can go wrong with the technology surrounding BTC, including the exchanges, be sure and get back to us.
At least with the ETF's, you won't get hacked unless they screw up the storage of he BTC backing the ETF.
Now this guy said he buys gold stocks and then he makes a case that you dont own btc through the ETF. Ok btw Peter if you own gold stocks you still dont own the actual asset.
He also owns a company called SchiffGold and has said Bitcoin will go to zero for the past decade.
Who do you suppose owns the gold in the land beneath a mining operation if not the shareholders?
Exactly. It's not like we own the gold in these ETFs either.
Gold also has an ETF. After that ETF was introduced gold went from 200$ to 2000$.
Gold stocks are probably the worst investment right now. Unlike gold they're going down because they're basically a bet on the oil price going down thus making it easier to mine more gold with less investment. Oil prices are currently going up.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I thought about investing in the financial market, I heard that people make millions if they know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.
The best course of action if you lack market knowledge is to ask a consultant or investing co-ach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Fantastic! Can you share more details?
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
Peter isn’t wrong about being worried about the US market, but BTC does have utility that many people around the world want.
He’s wrong about the US market as well.
The market is unstable and the rich aren't getting definitive answers so they are freaking out. Purchase of art is at an all time high, gold is going up at a steady pace, food is further rising, large industrial purchases are lagging, property prices are at the peak and on the way down as rental property didn't pan out. The Fed has two options: remain steady or increase rates by one quarter of a percent two times this year. There is just too much money in the market and the banks have no clue what is happening...The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine is a trader with a different approach entirely, I can't figure out how she does it, her strategies work the magic
Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
Francine Duguay program is widely available online..
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
Your boy thinks turning gold into credit is a good idea 😂 by tokenizing GOLD 😂
JP Morgan “gold is money everything else is credit”
@@ElectronicHypnoticpaxgold has been working flawlessly for years now. Smart money is opening up a Uniswap pool of 50/50 wbtc and paxgold
Bitcoin is tokenized gold 😮
@@testingforyoutube No it is NOT.
@@abramtaylor7575 You are right. It is superior to tokenized gold
I loving following Peter just to make sure I am still on the right track. The longer he stays gold only and anti Bitcoin is great for me! Although it is extremely tough to listen to him continue to say Bitcoin has no use case. What about how the mining operations that are solving the global grid expansion issues by offering a demand guarantee and the ability to curtail when other demand is at its peak. This allows energy companies to expand without risk. Sounds like a gigantic use case to me. Anyway, keep going Peter, love your content.
Quick edit, I enjoy Peter's content on Gold, and I appreciate his content on Bitcoin, but A LOT of his content on Bitcoin is 100% factually incorrect.
This guy is clueless about Bitcoin 😂
Which part is he clueless about?
@@RM-jb2bv he put a laughing emoji, no need for further explanation
Who invented it and why can't I see an interview with the inventor?
😂😂😂😂 bunch crapto 🌽 🤡's posting
@@cg5648 Who invented GOLD and why can't I see an interview he inventor?
How do you know the vault has your gold?
I know my SDB has my gold.
The crypto / BTC exchanges have been RIFE with fraud and hacking. I would NEVER trust them at all.
Great seeing Peter on your show. He knows his stuff.
I noticed he didn't attack the structure of bitcoin, just its peripherals. Other people buying it and such.
The chain and its capabilities are the real value, not the coin
you didn't understand very well
He’s never bothered to learn anything about Bitcoin in order to even attempt to make any argument against its structure. 😂
man this guy is ridiculous hahaha, aside from his btc arguments, bro said 50% of his portfolio is gold and the rest is mostly foreign stocks to “get out of the dollar”😭
He wants Crypto so bad he doesn’t even know it 😂
If the world is going to melt down the last thing I want is my securities in the hands of shady foreign countries with little property rights or respect for foreign investors. What Peter should have argued is that the average person’s net wealth can be held in a few tiny gold coins so moving across borders is a negligible argument for MOST people.
He forgot to mention he also invested a lot in tissues for the many tears he lost seeing Bitcoin skyrocket the past 15 years
the dollar he and his fellow jew money changers are laundering away in Ukraine to their own pockets and printing it into nothingness....second shoe to drop is all the main street investors go broke and they snatch up all our assets for pennies on the dollar....pennies they printed in the first place. Get it? It's Weimar Germany, it's the 1920s stock market crash, all deliberate. The slowly boiled frog doesn't complain.
@@testingforyoutube😂😂😂😂
Off the bat, Peter doesn’t know how many ounces in a kilo or the price? It’s literally his only job!
I know right, I'm a bitcoiner and even I know that 🤦♂️
I’d take that 1933 Goudey Babe Ruth all day.
Me too if you know you know.
Id be down for jordan1s wore by Mj.
I love vintage cards also. The last sale of the Babe Ruth card in PSA 8 was in 2022 for $384,000. I'd want the Ruth card and $600k in gold
And you’d be a fool to choose that. Bitcoin will 10x in the next 5-10.
Nah, boomers are dying off and nobody younger than 60 can even tell you what a baseball is.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Kathleen Chandler
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
You trade with Kathleen Chandler too? Wow that woman has been a blessing to me and my family.
she's mostly on Telegrams, using the user name
fxannchandler 💯 ..that's it
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Kathleen Chandler for I and my family
I didn't watch the video but I'm confident Schiff says you should take gold....am I right?
Bitcoin doesn’t have value but cards with picture of baseball player has value 😂
ALL collectibles ONLY are worth what someone else will pay at a particular time. Including BTC.
At least good stocks have the value of the underlying business, cash flow, earnings growth, a growing dividend, etc.
At least gold has some industrial and artistic value.
Peter is bloody good to listen too
If you want to make bad investment choices, yes.
the comment section on this is ridiculous, it shows how ignorant most people following this channel are; Peter is way over their head
no, no he is not LOL.
Peter said you're transferring nothing when you buy crypto. By that logic you are transferring nothing into a precious metals IRA because you are not physically holding anything or transferring money into your bank account because until you ask for the paper in your hand then you have nothing.
A former NY trader friend of mine told me instead of buying physical gold he's buying gold ETFs. He doesn't see that he's just buying fake promises during times of somewhat stability. As soon as this fake economy busts (which is right around the corner) all that fake money will disappear into thin air. And it isn't because comms are down. Institutional people just can't imagine a day where the jew market gets pulled out from under him.
3:50 😂😂😂😂 THIS MAN TALKING ABOUT KEYS
My wife and i net worth was 62k april 2020.
Just hit 550k this week..
The market took a big dive before April, 2020 that hasn't been seen since 2009,The key to financial stability is having the right investment suggestions for a diverse portfolio.
Where did you invest? I'm just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don't understand what that
means
Have you not heard of Amelia Jason !
You know her too ? I'm also a proud beneficiary of her superb platform. There are the biggest custodians. after this I also would not be asking investing advice in the UA-cam comments. 80% are scammers.
In reality, Bitcoin crashes and rises with the tech Market. Crypto has opened doors for global financial inclusion. It's time for more equitable world!❤
My brother got into Bitcoin in the 2014-15.
And now he’s sitting on the Beach in Mexico.
Everything has value based on demand and perception.
“It’s not going anywhere”.
Peter, it just hit $70,000.00.
Bitcoin has a 10 year historical record now.
Land, Gold, collectibles, art…. I’d buy any before another crypto.
Soon Bitcoin will be the only viable money left. And people will only accept it to render the product and services you need. So you will need to get your hands on Bitcoin eventually.
I believe that individuals should go investigate what currency is and know the ramifications of untrue currency. Investigate the history, philosophy, and so on . Currency has an absolute definition that all will agree on. Curency must have value . Value has an absolute definition, too. Not someone's perception or wants of what currency is .
Its way easier for the government and a thief to take all of that stuff from you then it is BITCOIN.
Stocks in quality companies with growing cash flow and dividends.
@@biscottigelato8574: And the earth is flat if internet clowns say it's true. /s
Great points to consider. If AMS66K can offer these utility married with a culture-based premise, I don't see why these wouldn't moon.
spam
Scam🤫
Nobody in that room knows more about the crypto space than Peter. He’s wrong with his pessimistic point of view but it’s funny how he’s the most informed amongst actual Bitcoin buyers.
Yeah he's just lying, he owns a SHITLOAD of bitcoin.
This is the same guy that's been saying gold is going to do a moonshot forever, even though it's barely doubled in 5 years while inflation has been going out of control, and has been in the same $1k-$2k range for as long as the charts go back.
the ignorance of your comment is mind-blowing;
"barely doubled in 5 years" - a thing like gold is supposed to keep its value, not increase in value over time; for such a thing to double its nominal value in 5 years it is truly remarkable, and indicative of very high inflation;
the official inflation over the last 5 years is well below 100%, it's even below 50%; the real, unofficial inflation is probably almost double, so probably still below 100%;
bottom line, gold has kept up with inflation over the last 5 years, just as it was supposed to do; long term it always does;
no go back to your day dreams of getting rich fast with no effort with bitcoin
@@bogdanpopescu1401 did you even read what I posted? He hasn't been calling a stable store of wealth. I know what gold is used for. He's been calling a moonshot. 2X is not a moonshot, the same exact range of worth for the entire time he's been calling a moonshot is not a moonshot. What has Bitcoin done in the same time period? Since he calls it so worthless...yet it's done a lot more than 2×. It's done 12× in that same time period and if you go for a 10-year time period since gold's been in the same price range that entire time, it's done a lot more than that, it's done 204×, Gold has returned 55% increase in the same 10-years, that barely outpaces inflation. Following Peter Schiff's advice at all after the one valuable call he ever made in 2008 has been a bad idea.
204× ROI vs. 1.79× ROI in 10-years, 12× ROI vs. 1.56× in 5-years...investing in gold has not provided the moonshot returns Schiff has incessantly promised for over a decade whilst railing against BTC the entire time.
Gold is strongly manipulated by the money changers by financial wizardry designed to not be understood by main street. It's highly controlled, silver even more so. Once their greedy little mitts lose control the price will seek reality and skyrocket in relation to the deliberately destroyed dollar.
He was pushing gold hard in the 1987 crash, the 2008 crash, etc. He's a one trick pony. Over the long run gold has been an effective inflation hedge. That's it.
Stocks are MUCH MUCH better over several decades or more.
I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300k and it warms my heart that this is still happening. We are now in a bull run, and I am confident that I will regain everything I lost.
Cryptocurrency is booming, notably giants like BTC and ETH. Yet, the market's roller-coaster nature is testing even the hardiest investors. which is why we should look out for proper market analysis or alternatively seek guidance from certified market strategists
Like everyone else, the only possible problem you might have is a FOMO. The correct strategy is essential; my port-folio has grown by 100% since the beginning of the year and is suitable for every market phase. Working toward a seven-figure ballpark target with my CFP might take us until Q3 of this year.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Love the show getting a lot of knowledge and opening my mind more too things 💪🏾👍🏾
I would take the gold. Liquid asset that cant disappear if technology ever crashes
how do you convert it to money? how would you do that
I think it's more likely there is a gold confiscation, or you get taxed horribly when you try to convert it, or the government takes it from you at the border, than for all computers running the Bitcoin ledger around the world disappearing.
Why not just keep a stockpile of ammunition then? Doesn’t have a shelf life & It’d be worth more than gold if technology does crash
Wait, so if technology ever crashes you want gold, you think gold will be valuable not resources like water, firearms , and food. Alcohol will be more valuable than anything else but you want fucking gold. If the world crashes give me a break man you don’t know what the hell you’re talking about.
@@HDReMaster Money is gold, you mean how would you turn it into a government currency.
Peter has been wrong about bitcoin longer than most posters have been alive 😂.
Correct if Im wrong but... If you print more money and throw in to the crypto market, the less value the US dollar has. But if Tether is connected with the dollar, how can it explode? And if it does, shouldnt be temporary?
Explode is not a finance term, nobody knows what you're talking about.
@@LarsLarsen77 well rise in value/price obviously
Gold guy says Gold hahaha didn’t see that coming
At the end of the day you can't eat Bitcoin ,gold,or dead presidents 🤣
😂😂😂
So your life savings is a pile of rotting food? Seems like a poor investment decision.
@@LarsLarsen77 nah I'm just saying I got guns,ammo,rice ,and can goods on deck if shit really hit the fan. All non perishable ✌️
Yup. OTOH, bullets, freeze dried food, etc. don't grow or provide cash flow. In fact, time works against them instead of for them.
In reality, life needs to be about balance over time in the VAST majority of cases.
6:59 The same argument could be made about Fiat Currency, especially USD. It has value because people believe in it. His theory also proves how USD could crash.
OMG then at 12:29 he is talking about not investing in the dollar, so he is investing to crash the dollar but doesn't realize it.
Guess I'm glad I've been a fool for 11 years.
Even if Peter was right, you should still buy bitcoin BECAUSE STOP LOSS ORDERS EXIST. Who gives a shit if it goes to zero? Nobody with any financial sense.
Schiff sounds like what i imagine the horse carrige guys sounded like when the first automobiles were being made
I really liked this video. Very informative
Schiff warning about the danger of speculating while speculating on gold and international stocks.
After complaining about the wide spread on baseball cards andnthe difficulty of selling them, says he'd rather own $1 million in baseball cards than $1 million in BTC... Even though BTC is way more liquid and has a much tighter spread...
He is right about the Tether disaster that is inevitable at some point but that's the only thing I agree with him on. Bitcoin is not the ponzi Tether is the ponzi.
Bitcoin is a ponzi scheme.
Baseball cards are not.
@@NoGoodNoob But Tether is what's supporting bitcoin. If there's no tether, there wouldn't be these high bitcoin prices. Thus bitcoin indirectly is a ponzi.
Gold has never went to zero cryptos have.
Is a 1952 Mickey Mantle topps card PSA 10 ever going to be worth zero like some of these NFTs went from millions down to 1k losing 99% of their value? A 1952 Mantle PSA 9.5 went for 12.6 million is that ever going to lose 99% of it's value like these NFTs are dropping like flies.
I like peter but he is wrong about this. There is no concerted effort to push the price of bitcoin up from the bitcoin community. The one thing he ignores is the fact that there is no central agency managing bitcoin.
The vast majority of Bitcoin is in less than 10% of wallets.
@@rchicks22and what does that mean if true? Bitcoin isnt a stock or a company that means who have the most coins control the network. Its a consensus network of nodes, miners and users. Last time I checked bitnodes, there were over 14k nodes spread out in 93 countries. That is just one aspect of the network.
What if the government does not allow you to use it.
@@loankabby3548 it means Bitcoin is highly centralized
@@rchicks22 Uh, yeah because exchanges are a thing. Were you born yesterday?
Are you 'investing' or 'storing wealth' (aka hedging against inflation)? Big difference. Gold and Silver for the later, no counterparty risk, intrinsic value. Lead to protect it. If you don't hold it you don't own it!
This guy is smart, but has an extremely limited Idea of what Bitcoin actually is and is capable of. He is wrong. Every 4 years these "Bitcoin is going to zero" guys pop up and bag on Bitcoin. They are never right. 18 months after the halving is when you sell, if you are inclined to do so. Not hard.
Pete has been publicly saying Bitcoin is going to zero since at least 2014. If you invested 10k in it back then, you'd have at least a hundred million. That's a lot different than zero.
Maybe the founder of SchiffGold is not good at making price calls on Bitcoin. 😅
There is no bitcoin “company”
ah man it seems luke he doesnt understand the premise of bitcoin, thiz is good though as Bitcoin continues to perform it will cement its value to the skeptics
Blockchian crypto or some unforeseen digital currency will be the replacement for Fiat
Not unless it handles a LOT more transactions FAR more efficiently than BTC.
I am sure he would have been a bead collector at one point in time lol
Didn’t Larry Fink in an interview say they want to tokenize everything? What’s that mean?
The more you let him speak the more he talked me out of buying gold over equites and BTC 🤣
Let see .. Hold your wealth in something tangible you can hold in your hand that has held value throughout the history of mankind or digital funny money which is basically as I call it crowd funding for the moneyed elite, something with zero privacy, and more centralized than the US dollar with a handful of wallets owning 90% of the supply.. while ultimately paying for your own destruction with the coming cashless society. Tough question Pat! 🤣🤣🤣
Why not both?
The government will seize your gold, its hard to hide or move through the world..
Peter Schiff (owner of SchiffGold) has been saying Bitcoin will go to zero since his 2014 Bitcoin vs Gold debates with Erik Voorhees.
If you invested $10k in Bitcoin that year, you'd have $156,000,000.
That number seems a lot different than zero. GREAT CALL PETE 😅
@@-whackd the fact that he won’t acknowledge that gold is only valuable because we all agreed it is but not that BTC is valuable because we agreed it is, same as the dollar, is HILARIOUS.
Bro trying to take it back to the basics with this philosophy, then okay, honestly a pile of twigs is more valuables than a bar of gold if you’re talking tangibles because we can at least burn the twigs in a fire for warmth.
Dude isn’t standing on business he’s standing on BS with this take and I’m happy he’s doing it.
@@xcaluhbrationeverything is only as valuable as we agree to. But having real uses will prevent something from becoming worthless. There will always be electronics and jewelry for gold use. Rice isn't worth much until you are in a famine, then its worth more than gold. Bitcoin has no end use, it is purely speculative, and never will have a use. It actually requires an enormous amount of energy just to maintain and operate the blockchain.
Peter is gonna be right one day you know.
I'm not going to be the last sucker getting out of bitcoin.
@Pat, I'm sure Peter is heavy into HKEX and more into SGX.
if you make smart decisions and invest in the right places, you can reduce the risk factor, increase the reward factor, and generate meaningful returns. The majority of stocks will be at or near one extreme or the other several times a year. Stocks have a 52-week low and a 52-week high. equities fluctuate up and down; even rising equities will retrace and test previous supports. It's what they do, and I tend to buy much more frequently at or within 15% of 52-week lows. Although the market is out of my control, I can control when I buy
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
Whitney Kay Stacy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets
Sounds like he is describing any trading stocks or fiat currency 😂
Just imagine how much Peter would be worth today if he'd put his energy into investing in bitcoin over the last decade, instead of bad-mouthing it.
Old man coffee, get off of my lawn. Time to evolve. Peter is drinking a nice tall frosty glass of haterade
Cocaine is a hell of drug.
lol
I followed Peter for a few years, worst decision I ever made. He sells Gold and Silver so he promoted it and sh!t talked BTC for years. He started dissing BTC as low as $50, what a mistake.
Yeah you deserve this.
Stop talking and start listening Peter
Yes. For real.
BTC will is the peoples money …Peter please …
In Jan of 2010, Peter Schiff said "... Gold could reach $5,000 to $10,000 per ounce in the next 5 to 10 years." It's been 14 years and it hasn't even gotten to $3000. In 2019 Peter said Bitcoin would never hit $50K. Why do investors even consider Peter's "expert" predictions?
This guy is sooooooo oldschool. It's on the stock marker now lol