Peter Schiff spreads FUD again; advises to sell bitcoin for silver

So, Bitcoin's taken a dip to around $108k, which honestly isn’t shocking since September is usually a rough month for crypto. Right now, we’re down about 2.5% this month. And of course, we’ve got the usual FUD from people like Peter Schiff. He just tweeted that folks should ditch bitcoin and switch to silver. Now that bitcoin’s correcting, he thinks this backs up his argument. He even called silver the new bitcoin 2.0 and said bitcoin lacks intrinsic value. Kind of curious why he didn’t make this comparison when bitcoin was on the rise, but whatever. I mean, comparing an asset that’s gone up nearly 1,000% in five years to one that hasn’t even hit 100% in the same timeframe is kinda wild. The main point of this thread is to remind newcomers that FUD will always be around and bitcoin will have its corrections, but it’s still the top digital asset and the ROI speaks for itself. Bitcoin’s not just a short-term play; it’s a long-term investment. A return of over 25k% in 10 years is definitely something to think about. Attached are some examples of Schiff’s FUD and how bitcoin has proven him wrong.

Nothing new. Same old same old. A Bitcoin troll. I believe he's smart enough to understand how Bitcoin works and it's potential But he's already too deep into criticising Bitcoin and he enjoys the attention. So just neglect anything he says about Bitcoin. He's always hoping for a "I told you so" But unfortunately for him, he won't. His recent post is on how Silver and Gold are rising and Bitcoin falling. So not stopping now. Even if Bitcoin gets to a million dollar tomorrow he would still post Gold and silver already superior.

Then how will it be FUD? It’s just that he always chooses the perfect timing to spread it whenever Bitcoin faces a correction, so it’s nothing new. There’s Bitcoin and then there’s gold & silver… I don’t like when people compare them or tell others to dump one for the other like Peter always pushes for. Everyone is free to choose whatever they like, I can only share what I feel is better [which is Bitcoin] without forcing anyone to be part of it. Not just recently, he has been in support precious metals for years mainly silver and gold, but especially gold over Bitcoi.

We shouldn't waste our energy and attention to him. He's always like that and won't say anything good about bitcoin. There were even students that have given him I think a passphrase or a gift related to bitcoin for him to retrieve. This guy is like Warren Buffett but I have more respect to the old man than Peter. That's right, he won't say any good thing about bitcoin. He's blind his own ideals about investing since he's bias with gold/silver.

Sometimes, it's good to have a clown in the community so that we have something to laugh on. Fake-toshi was the last troll that left us, and after that loss to him claiming that he was Satoshi, we haven't heard anything from him. He can FUD anytime he wants to. He can just turn a blind eye if he wants to. He can say negative things about Bitcoin whenever he wants to, but one thing is for sure. He will remain as an anti-Bitcoin, and might be an anti-Bitcoin all throughout his whole life. I have nothing against Silver, and for me, it's a good investment, but to compare it with Bitcoin? I don't want him to change his perspective towards Bitcoin, but I just hope that nobody believes in what he's saying. Well, anybody can still buy Silver though because it's still a good investment. "The last man standing." That's what I call him, and I wish he can continue to be a troll.

I don’t know if anyone else here is like me. I follow this guy too, but not because I care what he says about Bitcoin, I consider him a pretty reliable market indicator. I don't know if anyone noticed but not just me but many people on X admit that every time Peter Schiff says something it's negative about bitcoin. Sure enough, shortly after or a few days later, the bitcoin will recover. Not sure if this will happen again but I think with the signal from Peter Schiff I guess the correction is over and October will be a great month for bitcoin and the whole market.

I don't buy second best asset like silver. I only buy the best asset there is : Gold and Bitcoin. That's where the money is. Why did he recommend silver instead of gold just make me roll my eyes. It's an inferior asset and I don't think it's got that much potential. The recent surge was because geopolitics, it could go down anytime. In the other side of the financial market, bitcoin keep getting consistent growth over the years so why should I switch to silver if bitcoin just works. I don't want to trust someone who make a wrong call about bitcoin and keep making wrong call about it .

Doesn't it even seem a shame to call silver the new bitcoin? That's silver is trying to imitate bitcoin. To prove the potential values of bitcoin to why it's called a digital gold is due to it technologies and to proof it worth as gold is it possessions of increments in values in the long time. That or silver has only been performing too dull like one of those Alt coins that its edge of volatilities hasn't been been enough to hedge inflations with how much economy values has also been appreciating. So I think this man of Peter Schiff is talking trash because he doesn't have a bone of contention in line of his words to assume silver is new bitcoin and the encouragement that bitcoin enthusiasts should sell their bitcoin for silver. I think he truly lost of the global asset market cap because if he has got to see what value bitcoin has realized in the couple of 15 years of it existence and how many centuries silver has existed, it should be a shame on him at  Peter Schiff to even think to compare bitcoin to silver. If by increments in values, even if bitcoin has dropped up to o 30%, it does still do well than silver considering the level of their performances in a specific period of time. Talking about the bearishness of the current market isn't worth mockery because anyone understanding the bitcoin volatilities and referencing with historical performance will not agree to what the hater is saying noting that there're several market sentiments in each 4 years cycles of the bitcoin market which resolves within uptrends and downtrends.

Yes, me too, but I think he has created a persona and is going all out with it. But he even went to the Bitcoin Conference, where he boasted about being the biggest driver of bitcoin buyers precisely because of the people who ignore him! He understands a lot about macroeconomics, inflation and the monetary system, so I find it hard to believe that his supposed dislike of bitcoin is not just overacting.

This is so fucking funny I am selling 10 kilos of silver to buy more btc.

Luckily, he didn't mention a price. I'm starting to suspect he actually entered Bitcoin at $100k, due to his massively wrong prediction. No one knows. I wish he'd mentioned a more specific figure, like $1 million.

Silver being new is a funny one when its at least as old as Sterling one of the oldest still used currencies now FIAT of course.  Thats just modern use, silver is obviously mentioned in the bible and the old testament so a fair while even before Schiff The current pullback in BTC is a molehill, Schiff is capable of better commentary but its a line to get attention etc.   He has said before long ago that BTC was at least worth hundreds, if thats the case then its only the price we're arguing over and thats for the market to decide not us alone.

We are obviously paying too much attention to this X (Twitter) content creator called Peter. He's using Bitcoin to keep his relevance in the community and getting enough engagement anytime he tweets about Bitcoin in a negative way. Both those who support Bitcoin and those who are against it will all join hands together to comment under his tweet. For each move Bitcoin makes, he has something to say in terms of comparing it with silver or gold. I don't even pay attention to his tweets anymore.

This is exactly it, just engagement farming and nothing more. His post about bitcoin and his fud actually got 2x - 4x impression compared to the other. We all know why he likes to fud bitcoin so much , regardless bitcoin will still go up and this guy will be proven to be wrong again like usually. When even the POTUS is supporting crypto, I refuse to believe it can go down dramatically. His comparison of the ROI is heavily biased as well. Goes to show that it's just a fud.

I mean... he sells that shit, so it is not like he is going to go out and say "hey guys, don't buy what I am selling, go buy bitcoin". Of course he is going to eb against it and that makes sense, we are talking about something that benefits everyone in this case. We shouldn't really be worried about what we are getting here, it is not that crazy and it is going to be very beneficial to everyone. If we can do this, and if we can realize people's personal motives, then we are going to have easier time ignoring people. In this case, we are not going to get that much out of it, because he has personal motivation to make bitcoin look worse and silver/gold look better. Even his son is buying up bitcoin and not caring about what Peter is saying.

Many holders that have enjoyed huge amount of income from bitcoin in the past will not take his advice to release their bitcoin for sale to buy silver, there is a hope whenever you buy bitcoin from the market and hold for long term, because you know the price will not remain the same in five years to come, and you know what you will earn from bitcoin when the price increase double than those that have invested in silver, I don't know why I sound like this, i think is because i have knowledge of bitcoin and i have experience the movement of bitcoin which is the reason, i will prefer to sell silver to buy bitcoin because i know what i will achieve in the future.

If anyone does want to sell their Bitcoin in order to buy silver, I have silver that I am willing to sell you at spot price for BTC. If you buy more than a couple ounces I will even cover shipping. Feel free to take me up on my offer. All my coins are brand new and nice and shiny.

"Haters gonna hate" but we've seen lot of these haters turn themselves in the name of a financial revolution. Well, we shouldn't feed our notifications to this troll, he'll go at it even in oblivion at this state but he can say whatever he wants to Bitcoin but it will remain and will not go away any further. We've come so far to be ignored tbh.

The things he says contradict himself. He can advertise silver without trying to take a dig at bitcoin, but I don't blame him, though. People always give him the attention he wants. Look at what he said, "Silver is the new Bitcoin" That means Silver is the inferior quality of Bitcoin. "Bitcoin 2.0". That means bitcoin is the SI unit of assets.

Seeing the man always proven wrong by the crypto god's, for how long will you be on the other side ??. Twice beaten, twice shy.. join the bitcoin boat 🚢 we have room for all doubters to be turned believers! By the way October is Uptober month so telling people to sell BTC for silver is wrong timing, BTC in this month is very bullish and the government shutdown of the USA should see more money coming into crypto, so very very bullish month .