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RE: Max Keiser vs Peter Schiff: The Bitcoin vs Gold Debate!!
Priceless, @keiserreport. Schiff is clearly stuck in the past. Also not willing to open his mind and learn. You did a great job with this interview much respect. Blockchains will shape the future and could end up being the launch pad for gold in the future. Blockchains will be the life blood of everything. The blockchain is the engine humanity has been looking for to drive us into the future and beyond.
Was a good-natured, deep debate. Glad Max did this and that Schiff participated. Thanks, Stacy
I think it's either fear or denial. BTC has such a huge amount of adoption, not just in people owning it, but in companies building technology around it.
The list goes on. Fear that gold is losing its value in favor of something they don't understand is what's making them deny what is happening before their very eyes.
Just like how Bitcoin Cash seems to be better.. it is still an ALTCOIN whether theres 100 or 10,000 altcoins.. people still want the REAL Bitcoin. That is why it is valuable.
BTC is the King.
true and will remain that way for sure.
I didn't blog it, but I totally predicted that the banks would pump btc and dump bitcoin cash after the fork. I'm not sure how low they can drop it, but even at $250 each you're gonna look like a genius a year from now buying at these prices.
Should BCH be better received than Litecoin? It's still an improvement on the architecture but I might argue that most of its value is associated with its name. even with the larger block size can it catch the faster coins can it have lower transaction fees? I didn't sell mine, but I am not inclined to buy anymore just yet. I don't think the selling is over and I don't see the catalyst to send this coin past its rivals in market cap. Perhaps I am wrong. We shall see.
Litecoin is up 0.31% today. Bitcoin Cash is up 55%
Touche. Perhaps no reason is needed :)
There are plenty of reasons why Bitcoin Cash is the real Bitcoin. I'll be posting videos soon.
Followed then so that I don't miss it.
bitcoin cash like the evil twin of bitcoin had a big opening look at it now i dont see such a bright future for it...@rogerblu
and him told... you can't buy nothing with bitcoins :D . ha ha & ha.
To know & understand the present , we need to look at past :) , maybe MAY 21-2014 ( in my opnion he tell us in live i don't have Bitcoins to no lose his clients , and is respectable logic attitude but... check link )
https://schiffgold.com/key-gold-news/euro-pacific-precious-metals-now-accepts-bitcoin/
https://steemit.com/crypto-news/@inversor/bitcoin-price-reaches-new-all-time-record-high-of-usd3300
E1109 @keiserreport Right off the bat, plug Steemit...awesome. Wish the episodes were longer, just can't get enough J. Diamond impressions; Stacy is even getting in on that, priceless. Thanks for the show and work.
Go, go Bitcoin to 1.000.000 $ :)
Awesome job max! keep up the good work! hope to see you promoting some exclusive steem content on your show :D
I am a client of Schiff's wealth management company, Euro Pacific Capital. The money his staff manages is one of many baskets. Their investment strategies are solid too.
Just because he is against crypto doesn't make everything else he says wrong.
Spread your wealth around, listen to lots or different people with different perspectives, and embrace the diversity. It protects you and what you have built.
I agree too.
Would you comment on what percentage you are prepared to carry in your crypto bucket?
I only have about 5% at the moment, but I will increase that, with a majority being STEEM, to about 20% in the future.
Damn i clicked on the wrong line and upvoted my own post which is annoying. I dont know how to get rid of it! Thank you for replying. I too have picked 5% as my entry target for new buckets with uncertain futures. The problem is the sector is doing so well, I really have to up the game of the other buckets to avoid sitting on the cyber sidelines. 20% of Net worth is too rich for me though. If it goes wrong at that amount someone is going to be wearing an orange coverall.
Agree
agree.
hahaha check this and die of laughs Https://schiffgold.com/key-gold-news/euro-pacific-precious-metals-now-accepts-bitcoin/
Launch pad for gold in the future?
I'm invested in many crypto coins, but they are bets. I'm gambling. Gresham's Law states that bad money drives out good money. Crypto works in reverse. The problem with Crypto is that good coins can be created to replace existing coins at any time. We never know when that may happen.
Yes, invest in quality sound crypto coins, but you should also diversify your wealth into many different baskets. Anyone that has all their wealth tied up in crypto is taking a HUGE risk. Yes, place your bets, hope for the best, and be a part of the future, but please... please... do not bet your entire future on them.
Do not place all of your wealth in one basket. Diversify. Spread your hard work around. Protect it by giving little pieces of it to different people and putting it in different places. I strongly suggest people to place quality bets on crypto and be involved, but I also suggest they be smart about it. Don't put all your hard labor over your entire life into a single basket (crypto).
I worked with a guy who was a janitor, no offense to janitors either, and the man had lost his entire life's wealth in the stock market. He was a day trader, and he lost it all on bad bets. Don't be him. You don't want to be the guy who's walked out from his janitor job for raging at a woman in the woman's bathroom.
None of us know for sure what will happen. Stay out of debt, diversify your holdings, prepare for the worst, and listen to lots of people with lots of different opinions. That is the best way to prosper no matter what happens. I don't want my friends to be ruined. I don't want them to lose all that they have worked so hard to gain either.
Schiff isn't stuck in the past. He's cautious. I value that too. Everyone should. Gamble, sure. Just don't gamble with everything. Why would you?! Some of your wealth should be placed in more conservative baskets. Be careful to not lose it all. Don't trust anyone or anything with all your wealth either.
Sage advice - your comment is worthy of a post in itself
Thanks :)
Thank you :)
Everything you said, so much this!
Thank you! :)
He is obviously stuck in the past.. Max should have asked him what happens if they find an underwater gold deposit that has 100x more gold than has ever existed!
Yeah, that's Bix Weir's theory. That there is a VAST deposit of gold in the grand canyon. According to Bix the dollar collapses before the end of the year, J.P. Morgan drives the price of silver to $80K/oz to stave off bankruptcy, Bitcoin goes to $1 mil/coin, and gold drops like shit through a goose becuz of the grand canyon find. I'm "anxiously" awaiting Bix's "live!" feeds from the grand canyon in fact. I hear he's looking for an rv to use as a bugout vehicle. But if he doesn't find one in time...no biggie. Clif "I'm always this" High will be more than happy to give Bix a ride in his rv. Clif the nastro-ignoramus of the crypto apocalypse on the road to roota with RotoRoooter Bix Weir. Can't wait for the tv series.
meep
or what happens when the power goes out
its not about how much gold there is its about how much it would cost per ounce to produce that gold
Exactly. There's a reason why so much of the world's gold is locked up in bank vaults or in Indian house holds. World gold production from mining is ~3,000 tones per year, but Indian households have over 20,000 tones on hand and there is easily 40,000 tones stored in banks and other places worldwide, not to mention gold actually in use. We also get over 1,000 tones per year from scrap. For a commodity that the gold bugs would have you believe is in such strong demand as a commodity people sure do have a lot of it not being used for anything other than currency or "investment" and just like diamonds it is in everyone's best interests to tightly control the supply and keep this "precious" metal off the shelves.
Wow bravo, you guys need to go at it more often, you too are arguing about bitcoin but for some reason I think you too are on the same page. I feel like Peter gets it, but he is just not willing to accept it. Please we need an on stage debate. I'll pay to see that. Thanks Max for being the first to introduce me to bitcoin it was at 20$ couldn't get my money fast enough to MTgox ended up purchasing it at 150$. I'm grateful for the paradigm shift. Thanks
check this and die of laughs Https://schiffgold.com/key-gold-news/euro-pacific-precious-metals-now-accepts-bitcoin/
Yes, blockchain is already being used by governments around the world. The discussion however is about Bitcoin vs. Gold, and I 100% agree with Peter Schiff that BTC is way too volatile to be used as a currency and is best used as a speculative asset.
Good point, I agree. Schiff will lose out in crypto space or maybe he is secretly investing in bitcoin...blockchain technology is here to stay!!!!!
Do you use bots , and what is your opinion about bots ? feel free to see my latest post about the subject and send in your comment. I wish you more success and hope that we stay in touch.
Max is always a interesting watch. I think Bitcoin outpaced gold some time ago. I have some gold bars and Im looking at them thinking I wish they were Bitcoin.
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
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You are so very, very close "thejohalfiles." A white paper is scheduled to be released next week. I am on the distribution list. Here is my email address: grc_f360@yahoo co.uk. If anyone wishes for a copy please just request. I am sure Andrew (Maguire) will be on Max’s show, in due course to explain as this is his baby. This will resolve the “Physical Gold as a medium of exchange” conundrum and although targeted at institutional level, there is a way in for retail participants from as little as 1g Gold & 50g silver at a time.
For those who don't have a bank, block chain would definitely help to manage.