/biz/ - Business & Finance

I used to respect this man.

>>54554814
> spend 2 decades shouting about the banks being insolvent
> literally create a bank and it becomes insolvent

https://news.bitcoin.com/peter-schiff-to-liquidate-euro-pacific-bank-in-settlement-with-puerto-rican-regulator/

Gotta love my man big Pete

>>54554970
his bank went insolvent because of bogus claims of assisting clients with tax evasion. he proved himself innocent but couldn’t save his bank. nice way to spin it tho, cryptojew. funny how you always leave out the part that shows how full of shit you are.

>>54554814
90% bitcoin 10% gold
Simple as

>>54555107
>>54554970
all banks are insolvent
his only went under extra scrutiny because he is a loud mouth and sees the world black and white

bitcoin is just a ponzi scheme like the stock market, you're braindead if you cant see that

>>54554814

>>54555325
> mining since 2010
> was in the mania of buying containers full of BTC miners from china and LTC miners from KNC

it took me 13 years to see that anon is right. BTC is closely correlated with equities. When it all falls to shit.. and it will all fall to shit.. BITCOIN is only going one way.

>>54555555
I kneel

>>54555555
what a waste of digits. kys

>>54555555
Absolutely fucking wasted

>>54555555
digits dont lie, eat shit cryptocucks

>>54554814
Hi my name is Peter Schiff, I am here to talk to you about how Gold is real money and Buttcorn is a scam.
You can even buy my shiny boomer rocks with those Buttcorns on my website here
https://schiffgold.com/buy/buying-gold-silver-cryptos/

Also Buttcorn is going to crash and Gold is going to keep its value and all you Crypto enthusiasts are scammers and have no clue what is coming for you. Buy gold.

>>54555555
Cash will always be king, digits confirm

>>54555586
Gold is not digital and will never be money again, cucked asset

>>54555670
yeah we'll see about that when every fiat is falling apart and the crypto will follow

>>54555670
wake up. BTC is controlled by the same people that control equities. when there is free money to go round, stocks rise and so does BTC. when there is not then stocks plummet and BTC drops.

record of the past is a prediction of the future. sentiment now is that fed gonna stop raising interest rates but that is a pipe dream. fed has to raise rates. they have to create more demand for the dollar and obliterate this china BRICS nonsense.

yes BTC is encrypted energy, the savior of the world, decentralized bla bla fuckety bla but despite it's supply being algorithmic and transfer being driven by an immutable protocol implemented by the miners, its price is step by step with equitities.

> screen cap this mother fucker
get out while you still can anon.

you've been warned.

>>54554814
>>54555705
>>54555794
>plebbitspacing
It's all so tiresome.

Yes

>>54555837

You're not using your head anon.

THINK.

We have been in the longest bull market since the inception of MMT. Your graph illustrates exactly this.

But the free ride of free money is over.

If BTC was the savior then why is it pegged to what equities is doing? I was the ultimate bitcoin maxi until the harsh realities of how the world really works dawned upon me. The only ones that stand to benefit from a strong Bitcoin are those that are already incredibly wealthy. but they are the first that will lose when the stocks take a hit, ergo BTC will suffer.

>>54554814
For as much kike hatred on this board, somehow the golden jew is always spared

>>54555315
actually the bank was fully reserved

>>54555107
his bank isn't even insolvent, it's frozen.

>>54555931
>but they are the first that will lose when the stocks take a hit, ergo BTC will suffer.

And every politicians have their money in stocks, they have just increase the capital gains tax, there is no way they are going to sell.
So if BTC is tied to equities then BTC is going to make it.

Nice try though, I am not buying gold.

>>54555977
Sounds scammy, why would I buy gold from a man who is struggling with insolvency?

>>54555555
Look at that toilet

>>54554814
Based gold god

Higher for longer

>>54555794
>BTC is controlled
nope lol
>muh spot price
usd is dead

He doesn't even buy gold, it's a tiny fraction of his portfolio.

>>54554970
The government shut down his bank and you are a faggot.

>>54557941
He means teh price of BTC is controlled by market forces with the same incentives controlling equities

Stop acting like a petulant child and you may see the opportunity as well

>>54555107
almost as if this horrifying corruption was what inspired BTC in the first place

>>54559780
>created to help end corruption
>is used to buy illicit drugs and child porn
ok faggot

>>54554814
>Buy gold goy

>>54554814
>never addresses the elephant in the room of governments/institutions suppressing gold's price through paper etfs
nothing personel kid

>>54555555
> mining since 2010
> still post here
yeah right

>>54554814

"Buy my gold" - some jew

>>54554814
LET'S FUCKING GOOOOO

>>54555555
A lot of crypto tards are going to be upset by these digits.
I wish to subscribe to your newsletter

>>54560147
I mined in 2012, bought ASICMINER (first asic manufacturer) and stopped GPU mining on the first halving. We're out here, anon. I've been on 4chan since 2006, back when I was about half the age I am now.

>>54560147
i still post here coz i aint a billionaire and i didnt make it. i dont work for anyone which is kinda making it, but i am not at super yacht status

i remember arguing with my colleagues about how it was impossible to exit our BTC when it was $2. we agreed BTC was in deep shit coz goverments dont dig it and back then exit ramps didnt exist. so we exited whenever we could. for us we were making money from GPUs we originally boughjt at frys so were happy to see 100% profit every couple weeks

bottom line is that everybody sold when btc-e pump hit. everybody sold when silk road hit
everybody. sold when mtx gox wallet was copied

roger ver despite his general assholeness is one of the very few who held like a hrd cunt through it all.