/biz/ - Business & Finance

[Anonymous No.54112370]

Peter Schiff is MAD

[Anonymous No.54112401]

He is right
This Bitcoin exit pump will crash hard in a few days.

[Anonymous No.54112415]

>>54112401
So will gold, they're effectively the same commodity

[Anonymous No.54112422]

>>54112401
You missed the bottom.
KILL YOURSELF FAGGOT

[Anonymous No.54112435]

>>54112370
boomer gold :D hrhahahaha HE THINKS ABOUT SHINY ROCKS AT THE LITERAL START OF THE DIGITAL MILLENIUM

[Anonymous No.54112467]

>>54112422
>Missed the bottom
>Before the biggest economic recession since WW2
Oh sweet summer child you haven't seen anything yet ;)

[Anonymous No.54112499]

>>54112467
>onlytwo more weeks

[Anonymous No.54112506]

>>54112370
lmao, Schiff is seething so hard, this might unironically be the start of a new bullrun. You just know it's bad when he isn't making smug posts about the death of crypto.

[Anonymous No.54112521]

>>54112467
>only two more weeks

[Anonymous No.54112526]

Buttcoin will be sub $20k this weekend. This is an exit pump

[Anonymous No.54112529]

>>54112370
>only gold is sustainable
>doesn’t explain why
Seems like a cope

[Anonymous No.54112534]

>>54112467
Do you find a patronising tone lends more weight to your opinions?

[Anonymous No.54112564]

>>54112526
Good, I'll buy more

[Anonymous No.54112565]

>>54112467
You sound like a butthurt faggot

[Anonymous No.54112587]

>>54112467
Yeah ngl I remember people selling 8k were saying the same shit. Either buy in now or stay poor unironically trying to help you retard.

[Anonymous No.54112589]

>>54112529
I-i-it just is OK!?

[Anonymous No.54112597]

>>54112401
This. Bitchuds gonna lose their money.

[Anonymous No.54112610]

>>54112467
lol purple ID caught acting like a dick suckin fag

[Anonymous No.54112611]

>>54112565
>Said the guy who called me faggots and told me to kill myself
Lol
Lmao ;)

[Anonymous No.54112667]

>>54112401

[Anonymous No.54112694]

>>54112611
yea hes mad bros

[Anonymous No.54112705]

>>54112611
>uses smileyfaces to prove he isn't a butthurt faggot
Seethe, cope and kill yourself

[Anonymous No.54112720]

>>54112415
LOL

[Anonymous No.54112799]

>>54112370
Shit just have both bitcoin AND gold. You can do more than 1 thing at a time. All I know is that central banks around the world are buying tons and tons of gold.

[Anonymous No.54112853]

>>54112435
Digital slavery is probably what were going to get. They'll get rid of bitcoin if it's a threat to CBDC's.

[Anonymous No.54112899]

>>54112415
Finally, a correct opinion.

[Anonymous No.54112950]

>>54112415
>>54112899
absolute brainlets

[Anonymous No.54112972]

>>54112799
He's a literal gold salesman he has to be anti-crypto

[Anonymous No.54113240]

>>54112370
he'll live to see the day he's wrong actually already has but doesn't realize it yet

[Anonymous No.54113403]

>>54112415
false. Gold is a store of value.

[Anonymous No.54113420]

>>54112370
There will be no pivot.

[Anonymous No.54113430]

>>54112370
this guy is faking it. he's a con artist of course he's all in Bitcoin with his drug money.

[Anonymous No.54113445]

Peter Schiff at least sells something you can hold in your hand and show off to chicks. BTC is a bloop in a computer.

[Anonymous No.54113535]

>>54113445
Just like our dollars in the bank. Just a fake number. But chicks love it too.

[Anonymous No.54113579]

radioactive metals are the only true store of value

[Anonymous No.54113606]

>>54112589
well it has thousands of years of history but we'll just ignore that cuz le btc poomp

[Anonymous No.54113617]

>>54113535
Naw because you show up in your lambo with a bunch of 100 dollar bills you're a fag. Show up in your lambo and start throwing gold bars at that bitch and when security tries to kick you out you can fight them off with the gold bars.

[Anonymous No.54113624]

>>54113535
your shiny rock will fail to retain value like it always did in a close future, because now if it's physical it can't be digital hence never money again

[Anonymous No.54113629]

>>54113445
Yeah exactly, he sells it. Weird isn't it, if he believes in it so much why is he short it

[Anonymous No.54113640]

>>54113606
5000 years of history, and among that how much involved a technology called computers and networking?

[Anonymous No.54113647]

>>54113445
Unless it's JEWelry, chicks do not care about your /toy/ collection. Having a hoard of pm is a red flag that you are an obsessed misanthrope. But we shouldn't care about the opinions of women.

[Anonymous No.54113654]

>>54112370
>just because its a better hedge doesnt mean its a better hedge
fuuucking hell..

[Anonymous No.54113665]

>>54112401
>in a few days.
14 days?

[Anonymous No.54113679]

>>54112435
Gold also have extensive real world usages as a material unlike bitcoin.

[Anonymous No.54113796]

>>54113647
chicks dig my dragon horde, bitch

[Anonymous No.54113863]

>>54112853
Your opinion is discarded. Bitcoin doesnt care about you. It is the most tradable item compared to any (precious, altcoins, fiat, real estate, etc)

[Anonymous No.54113879]

>>54113679
>Gold also have extensive real world usages
No one cares. The main use of gold is being stored in vaults. No one purchases gold because it has industrial uses, people (read: retards) purchase gold because you can't print more of it.

[Anonymous No.54113889]

>>54112401
>disbelief

[Anonymous No.54113890]

>>54113863
the government and its various corporate partners own a shit ton of bitcoin. do you think that's le bullish? they're holding it to dump on your ass.

[Anonymous No.54113974]

>>54113879
I don't believe you aren't aware why "precious metals" are precious since you are here. You just sound stupid

[Anonymous No.54113994]

>>54112370
i unironically like this guy

[Anonymous No.54113999]

>>54112401
Two more weeks!

[Anonymous No.54114012]

>>54113974
If industrial uses mattered to a precious metal, they'd be used more often than hoarded. Plus the banks easily manipulate gold and silver for their own purposes. You will probably be dead before gold does anything interesting.

[Anonymous No.54114037]

>>54112467
>2 MORE WEEKS
>Y-YOU WILL SEE!!!!!
>THIS TIME IT'S R-REAL!!!!
You will never make it anon. Sad.

[Anonymous No.54114039]

>>54112370
ong that gold chart looks like the most beautiful 20 year long cup and handle i could paint

[Anonymous No.54114081]

>>54114012
it's true that gold has fewer industrial uses than other commodities. if you are interested in a metal with lots of industrial use, look into silver.

[Anonymous No.54114082]

>>54114012
Anyone who buys gold to increase purchasing power is a retard. Gold is for preserving your purchasing power with lower risks involved.
>If industrial uses mattered to a precious metal
There are materials more expensive than gold. It's the only thing that matters. They are useful and rare = precious

[Anonymous No.54114108]

>>54114081
silver is generally used because it is le cheaper gold

[Anonymous No.54114110]

>>54114082
>They are useful and rare = precious
They only need to be rare to be precious.

[Anonymous No.54114154]

>>54114110
>They only need to be rare to be precious.
Well, only if you can convince someone to buy it. If we are going to talk that way, diamond is also precious but it's not rare. It's price is kept high artificially.

[Anonymous No.54114160]

Why is peter Schiff still a topic of conversation?

[Anonymous No.54114180]

>>54114154
rarity is the utility, that in itself convinces someone to buy it. there doesn't need to be an industrial use, any value that use provides is marginal and tiny at best.

[Anonymous No.54114200]

>>54112415
>one can move around the world at a faster pace than legacy payment systems but slower than most other blockchain technology at the cost of electricity
>one cannot be created and requires physical effort to move
you know we can always make bitcoin 2.0 but we can't make gold 2.0

[Anonymous No.54114241]

>>54114200
>you know we can always make bitcoin 2.0
Cool. Then make it happen, I believe in your abilities anon. You make it sound so easy.

[Anonymous No.54114859]

>>54112415
Underrated high IQ post

[Anonymous No.54114902]

>>54112370
this guy doesn't know what inflation is does he

[Anonymous No.54115011]

>>54114241
There thousands of crypto currencies i.e. Bitcoin 2.0

[Anonymous No.54115034]

>>54115011
thats stupid

[Anonymous No.54115057]

>>54112401
If it crashes, it will crash to 24k anon

[Anonymous No.54115175]

>>54115011
Right, just like there's many different metals, and that in and of itself makes them Gold 2.0 Get fucked, retard.

[Anonymous No.54115250]

>>54112370
he 100% owns btc

[Anonymous No.54115322]

>returned to feb levels
how can he convince himself of this when it's easy to see that's not true? i swear this guy's secretly pro-bitcoin

[Anonymous No.54115374]

>>54112401
14 more days

[Anonymous No.54115578]

>>54115322
When he made that tweet it was at Feb levels you retard

[Anonymous No.54116312]

>>54114241
you could even make an exact clone

[Anonymous No.54116354]

>>54116312
Right, because it'll have the same widespread acceptance and security assurances as Bitcoin. If what you were saying were true, then Platinum would BTFO gold. But it doesn't. Why is that? Because platinum doesn't have the same network effect and widespread acceptance as gold, because gold's had a couple thousand years headway.

[Anonymous No.54116380]

>>54115175
sure
the only real trait they share is they can't be produced by man in any capacity
we can make a million bitcoin clones that all do the exact same thing

[Anonymous No.54116399]

>>54116354
>muh acceptance
we might as well trade in pokemon nfts because people would accept those even more
I hope you're not all in bitcoin

[Anonymous No.54116416]

>>54116380
>we can make a million bitcoin clones that all do the exact same thing
Your Bitcoin clone doesn't dilute the 21 million in the existing protocol, just as copper doesn't dilute the amount of gold. In physical precious metals, the atomic structure is the ledger.

>>54116399
I'm so glad you're so concerned about my holdings. I have an interesting portfolio made up of more than just Bitcoin, which I've held for 11 years.

[Anonymous No.54116445]

>>54116399
Ever purchase a gun with pokemon nfts, anon? Because I sure as hell haven't. But I did purchase an ak47 with Bitcoin years ago.

[Anonymous No.54116459]

Why not both. I just immediately distrust a guy putting 2 good assets against each other to make a minor point.

[Anonymous No.54116664]

>>54112370
Gold is fine if that's what you like

[Anonymous No.54116706]

>>54112370
>fed pivot
You can’t take this seriously

[Anonymous No.54116714]

>>54116664
But to down talk Bitcoin to make gold look good just isn't a very good argument and just sounds like cope.

[Anonymous No.54116749]

>>54112415
Gold doesn't carry a massive air bubble. Im not saying im buying gold tho but the clusterfuck surrounding crypto is insane.

[Anonymous No.54116817]

>>54116416
nobody believes you've been holding bitcoin for 11 years, squirt

[Anonymous No.54116821]

>>54116445
But Bitcoin has worked because it's too small to matter. The moment Bitcoin does well on both inflationary + deflationary waves they will ban it because boomers will be mad money goes there and not on their products.

[Anonymous No.54116911]

>>54116817
Don't care what you think. I held Doge when it was worthless, and got in on amDOGE's PND before Wolong launched his scam coin. Cultured anons will recognize these words, retards like you don't matter.

[Anonymous No.54116934]

>>54116821
>But Bitcoin has worked because it's too small to matter.
Using the same faulty logic, we can also argue that it will continue to work because it's too big too fail, later on.

[Anonymous No.54117132]

>>54116934
It cannot work without exchanges, no liquidity. Sure there will be a black market and it will be valuable there, but so what.

[Anonymous No.54117133]

>>54112415
Retard
U can sell crypto with no effort
Gold is not as easy to sell, has to be transported, and takes a premium haircut on sale.
Retards hold crypto hoping for a pump. People buy gold to hold it, not to instantly sell on a 10% profit/loss

[Anonymous No.54117158]

>>54117132
>"It cannot work without exchanges"
There was a time before any exchanges existed, anon. Didn't stop Bitcoin from functioning as a protocol for transferring value. You need to smoke more DMT and open up your dimensions of thinking, you are like a little baby.

[Anonymous No.54117171]

>>54117158
btc's fiat value is entirely dependent on the banking sector you despise so much
get rid of banks, get rid of btc's fiat value, get rid of interest in btc

[Anonymous No.54117190]

>>54117171
That won't stop Bitcoin any more than the war on drugs stopped drugs. Bitcoin's value was derived from energy expenditures before it was traded for dollars.

[Anonymous No.54117280]

>>54112521
>>54112534
>>54112565
>>54112587
>>54112610
>>54114037
It's obvious you are all bizlets that have never done real business, don't move big money, and no one gives a shit about you because all you do is ride the coattails of developers and people that actually build things.

If you ran a business, with employees, you'd understand the economy is in total free fall and they can only paper over it so long.
>3.4% unemployment
>6% inflation
Only retards can believe this.
Sperg hard little children.

[Anonymous No.54117512]

>>54117280
Based take. I love and hold Bitcoin, but only a fool ignores the macro economic landscape.

[Anonymous No.54117866]

>>54112370
If the opposite had happened, he would say
>See? This is PROOF that gold is better!

He is perfect example of a permanently closed and biased mind.

[Anonymous No.54117908]

>>54113679
> Extensive
List 'em.

[Anonymous No.54117943]

>>54117866
lolbertarians are clinically retarded, they are beyond hope

[Anonymous No.54117953]

>>54112415
>So will gold, they're effectively the same commodity
gold is nearly indestructible but bitcoin can be destroyed by losing a private key or if there's no electricity or internet. gold doesn't need electricity and the internet to exist

[Anonymous No.54117959]

>>54114200
>you know we can always make bitcoin 2.0
Describe the goal of doing this as well as the process towards success.

[Anonymous No.54117995]

>>54115011
Lots of other metals too. Quite a few are more valuable than Gold too. There is no altcoin bigger than Bitcoin and its market dominance is rising.

You played yourself.

[Anonymous No.54118037]

Peter "Butthurt Boomer" Schiff

[Anonymous No.54118044]

>>54116459
Smart. Goldbugs and Bitcoin Maxis need to slay the fiat dragon first. It's a few trillion dollars of market cap at war with itself while the >$1Q supply doesn't even think about it.

[Anonymous No.54118086]

>>54117132
Remember when Roosevelt outlawed gold ownership and confiscated it from the banks?

Good thing we didn't fall for Bitcoin.

[Anonymous No.54118102]

>>54117171
As opposed to shiny rocks?

[Anonymous No.54118728]

>>54114154
>If we are going to talk that way, diamond is also precious but it's not rare. It's price is kept high artificially.
Reported for antisemitism

[Anonymous No.54119039]

>>54118102
you can use shiny rock as a cup

[Anonymous No.54119146]

>>54117943
You don't understand libertarians.
It's NECESSARY to understanding the world to understand how people will behave sans interference.
If you have never studied ancap or libertarian philosophy you are adrift attempting to explain or understand the policies and their actual effects.

You need to understand ceteris paribus thinking.
I'm not a libertarian, a fascist of course. But to understand what my fascist policies will effect I need to understand how people behave without any policies at all.

[Anonymous No.54119166]

>>54117866
Also
>she

[Anonymous No.54119204]

>>54112415
>>54112720

[Chadzilla No.54119330]

>>54112370
I like Schiff, but I just can't take him seriously anymore.

[Anonymous No.54119383]

>>54119146
Lolbertarians love state intervention and policies, as long as they help wealthy elites.

[Anonymous No.54119417]

>>54112435
>living in a literal holographic sim
>thinks digital is new

[Anonymous No.54119435]

>already below 24k again

looks like the Schiffster was right again

[Anonymous No.54119493]

Why is he so obsessed with gold? Holy fuck man calm down already. He's been preaching this stuff for years now.

[Anonymous No.54119766]

>>54112370
Too many words, Schiff. Just buy some BTC and stop tweeting

[Anonymous No.54119833]

>>54112370
Lol biggest cope I’ve ever seen. Schiff is literally a seasoned veteran at eating shit.

[Anonymous No.54119929]

>>54112370
I always read his tweets in the voice of Saruman

[Anonymous No.54120019]

>>54112401
I fucking told you
It was a bart
APOLOGIZE

[Anonymous No.54120063]

>>54112370
When jews shut off the internet he will be correct

[Anonymous No.54120085]

>>54117158
>There was a time before any exchanges existed, anon
Yeah, and it was worth peanuts. You can transfer peanuts per unit of account (BTC) but that wouldn't make it a good investment.

[Anonymous No.54120105]

>>54117190
But you cannot buy houses or cars or diversify or anything relevant with drugs or anything outside of the law and regulations, so who cares.
inb4 some convoluted scheme to turn BTC into fiat you can use to buy such goods.

[Anonymous No.54120114]

>>54119383
Name one.

[Anonymous No.54120182]

>>54112415
>So will gold, they're effectively the same commodity
You retards never cease to amaze me

[Anonymous No.54120191]

>>54120114
Any law protecting private property rights over capital.

[Anonymous No.54120375]

Don´t buy globohomo gold, take a risk and buy from another country in bigger quants
8 days of canned anchovies and eggs will finance it

[Anonymous No.54120651]

>>54120191
Private property rights over capital?
Do you even know what those words mean?

YOU ARE capital and that's the foundation of everything.
This is why corporations have HUMAN RESOURCES departments.
Commies actually have a better understanding of what is what than most ideologies in this regard and that's why I just suggest the pic related book over in xsg.
I'd suggest reading a book by Misis, Rothbard, Hoppe, Ricardo, etc.

[Anonymous No.54121057]

>>54112370
> Golds rally is sustainable
Gold is going to $500 per ounce.

[Anonymous No.54121356]

>>54113640
>Now that we have the internet, entries in a ledger are inherently valuable!
I'd probably be a lot bigger fan of bitcoin if its shills weren't so insufferably absurd. Humans have been "networking" (face-to-face) since the dawn of time. Even an abacus is technically a computer. Ledger book accounting has been used as a form of currency since people learned to write.
Making the ledger available for everyone to see is not all that revolutionary. I don't even think its a great idea, since it destroys privacy.

[Anonymous No.54121389]

>>54112370
Altseason incoming

https://twitter.com/AltcoinistDAO/status/1635715405900546063?s=20

[Anonymous No.54121463]

>>54112415
Just when I thought this board couldn’t get any more retarded. Pic related. It’s you.

[Anonymous No.54121541]

>>54112467
>Oh sweet summer child
I agree with your opinion on BTC, but holy shit, fuck off with this faggot expression. It makes you sound like a complete faggot.

[Anonymous No.54121630]

>>54121541
He's supposed to say "sweat summer child" I know.
What a loser.

[Anonymous No.54121858]

>>54121541
>>54121463
>>54121389
>>54121356
>>54121057
Let's make bank

cos dot tv/videos/play/42961585568781312

[Anonymous No.54121891]

>>54112370
>>54112401
>>54112415
Here's the difference between gold and Bitcoin:

Gold = No counter party risk and it's physically real
Bitcoin = A construct that can be wiped out of existence

The value of the two in comparison to fiat is meaningless because it is also a construct. Start measuring gold and bitcoin in terms of things you can exchange such as food or fuel.

[Anonymous No.54122055]

>>54121891
I’ve always imagined what would happen if the entirety of crypto was deleted in an afternoon.

[Anonymous No.54122103]

>>54112401
i hope so, I made money with trades this week, I need to put more money in at 20k or below BTC

[Anonymous No.54122111]

>>54112370
lmao imagine listening to this fag

[Anonymous No.54122128]

>>54112370
epic levels of copium
when will this moron realize that blockchain is the only true form of money to have ever existed?

[Anonymous No.54122351]

>>54112564
thank god for retards like you to unload my bags to if I hold them a bit too long

[Anonymous No.54122405]

>>54121630
sweaty Sumer God-King

[Anonymous No.54122767]

>>54122128
He does agree with blockchain technology but only if it's backed by physical assets like gold or silver

[Anonymous No.54123979]

>>54112370
Its amazing how much people strawman schiff when they can just listen to his podcast for context and prove themselves wrong. He has been on point and 6 months early on everything since 2019

All it took for him to go from "predicting 25 of the past 2 recessions" to "predicting everything correctly" was for biden to get elected

[Anonymous No.54124116]

>>54112370

He has unironically called the bottom like 10 times now.

[Anonymous No.54124238]

>>54122111
Kek

[Anonymous No.54124501]

>>54112415
>they're effectively the same commodity

[Anonymous No.54124897]

peter shill makes me not want to buy gold

[Anonymous No.54124947]

>>54122351
Get out of the space. Hodlers will inherit the earth.

[Anonymous No.54124973]

>>54112370
YOU CAN'T BUY ANYTHING WITH THE FUCKING GOLD!

[Anonymous No.54125341]

>>54122055
Nothing would happen because no one uses it.

[Anonymous No.54125395]

Reminder Peter Schiff stated in an interview recently that bitcoin would be sub 10k EOY.

[Anonymous No.54125588]

>>54119146
>fascist
so a commie

[Anonymous No.54126110]

>>54112370
Gold is a real commodity, and bitcoin is a literal ponzu scheme. One will outlast the other.

[Anonymous No.54126222]

>>54116664
Who the fuck would buy this chart?

[Anonymous No.54126249]

>>54112370
>fed pivot
Has the fed said as much?

[Anonymous No.54126274]

>>54126222

[Anonymous No.54126286]

>>54112370
>the fed has pivoted
wtf is he talking about?

[Anonymous No.54126291]

>>54126222
yeah dude gold is definitely gonna dump after america's 16th largest bank collapsed. you are like, so smart. are you a professional investooor?

[Anonymous No.54126299]

>>54126249
No. The guy is pulling shit out of his ass.

[Anonymous No.54126303]

>>54126249
Expanding their balance sheet buying shit the banks can’t liquidate on their own, with money they create out of thin air, is in actuality a pivot, regardless of what they say.

[Anonymous No.54126337]

>>54126303
>moving goal posts and changing the definition to redefine pivot
stfu you god dammed retard

[Anonymous No.54126349]

>>54126299
Honestly surprised he's pulling shit out of his ass, one would expect him to be pulling gold bars out of his ass.

[Anonymous No.54126365]

>>54113403
so is bitcoin.

[Anonymous No.54126371]

>>54126337
A pivot on the fight against inflation, you disinformation shill.

[Anonymous No.54126373]

>>54126365
>so is shitcoin
fixt that 4 u (also ur wrong)

[Anonymous No.54126376]

>>54112370
>boomer rocks

Ask him how gold is after Perth mint fiasco

[Anonymous No.54126513]

>>54126373
> Hi my names Peter Schiff let me tell you why ButtCorn is a scam and you should invest in gold.

[Anonymous No.54126551]

>>54116664
>Gold is fine
no it isn't
chart gold YOY vs government measured inflation (fraud) YOY
it loses every fucking year

[Anonymous No.54126567]

>>54112370
Is there a single kike on planet Earth who likes Bitcoin?
The fact they get so hysterical says to me Bitcoin is their end.

[Anonymous No.54126614]

>>54126551
>up 471% over the last 20 years

[Anonymous No.54126710]

>>54126614
>just wait 20 years for less than 5x bro

[Anonymous No.54126747]

>>54126614
yeah but like, uh, if you compare it to SHIBA INU DOGSHIT COIN then uh, the gains aren't as good (if you look at a cherry picked 6 month time frame only)

[Anonymous No.54126757]

>>54126710
hey fag, your free 5x's are over.
or do you think le crypto bullrun 3.0 is right around the corner? kys

[Anonymous No.54126769]

>>54112370
did he just call the bottom AGAIN?

[Anonymous No.54126794]

>>54126614
so it's kept up with inflation

[Anonymous No.54126954]

>>54126757
JUST TWO MORE WEEKS UNTIL BUTTCOIN MOONS! OH! OH GOD! IM GONNA... GONNA... MOOOOOOOOOOOOOOOOOOOOOON!!!!!!

[Anonymous No.54126991]

>>54122055
>>54121891
you two idiots don't even know how a fullnode works

[Anonymous No.54127012]

>>54112564
this
>>54122351
thanks for selling, seriously

[Anonymous No.54127014]

>>54126614
do you not understand what YOY means, you gargantuan retard?
the inflation measured by the government standard is a complete sham
and STILL, each year, gold underperforms it, without fail

do you understand it now?

[Anonymous No.54127027]

>>54126794
no, it lost to it
consistently

[Anonymous No.54127041]

>>54112370
LLLlmMMMMamaaffffafaaaaaoooiiiiiiiiiiioooooooi
Goldbugs mentally ill

[Anonymous No.54127049]

>>54112401
>hEs rIghT
post short :)

[Anonymous No.54127094]

>>54126291
You do realize you lost money over the duration of most of that chart, right? Or is that some secret genius goldbug 4D shit?