A real must watch.
We ran into Peter Schiff at the Freedom Fest in Las Vegas a week ago; and this is the bitcoin vs gold debate that followed:
The debate begins immediately so no need to skip ahead. In the second half, however, is the second half of Max's interview with @charlieshrem where all things crypto are discussed . . . so you'll want to stay tuned for that, too.
(Signed, Stacy)
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Was a good-natured, deep debate. Glad Max did this and that Schiff participated. Thanks, Stacy
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BTC is the King.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
true and will remain that way for sure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Litecoin is up 0.31% today. Bitcoin Cash is up 55%
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Touche. Perhaps no reason is needed :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There are plenty of reasons why Bitcoin Cash is the real Bitcoin. I'll be posting videos soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
and him told... you can't buy nothing with bitcoins :D . ha ha & ha.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/crypto-news/@inversor/bitcoin-price-reaches-new-all-time-record-high-of-usd3300
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Go, go Bitcoin to 1.000.000 $ :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome job max! keep up the good work! hope to see you promoting some exclusive steem content on your show :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's why I'm trying so hard to become a top witness. And why I invested $40k of my personal funds into STEEM. I really believe, no bullshit, that blockchain will be the underlying technology of the majority of tech based companies in the future.
Whether it is via a public chain or a private chain, it will be integrated into most of tech. Hopefully we see more use of PoS or DPoS instead of PoW though. Otherwise we will be causing some serious long-term damage to the world via waste and consumption of resources.
Since being involved with blockchain development I have seen ways to implement the technology and drastically reduce operating costs for several industries. Just wait another 5-10 years and things will be really crazy.
I will still be heavily involved in crypto just like I have been since 2010. I have chosen to make crypto my full-time career and have never been more excited for my future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow 40k! that's quite the investment, i didn't invest anything and just started on steemit recently, i'm trying to learn about cryptocurrencies and blockchains and it's a lot to learn about at first but it is fascinating so that makes it easy, not to mention the fact that it has the potential to make me money (although so far i've only made 0.67$ lol)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good job on your highest paid comment so far then ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just trolling this article and discovered a new source of info I'm be following @netuoso! Anyone who throws 40k at something in its infancy and makes it his/her life's work should probably be followed by a new investor like me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yea that definitely is , i'm guna follow you and start commenting and upvoting on anything i think is quality content. would appreciate some support in return
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm a little late to the party but I had just been devastated from the state of the world's economy, I knew of bitcoin but no one ever properly explained it. This is the solution that I could never have come up with, and although regretful, better now than never. Reporting for duty on the Crypto train sir!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Would you comment on what percentage you are prepared to carry in your crypto bucket?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I only have about 5% at the moment, but I will increase that, with a majority being STEEM, to about 20% in the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agree
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
agree.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hahaha check this and die of laughs Https://schiffgold.com/key-gold-news/euro-pacific-precious-metals-now-accepts-bitcoin/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sage advice - your comment is worthy of a post in itself
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Everything you said, so much this!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
meep
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
or what happens when the power goes out
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its not about how much gold there is its about how much it would cost per ounce to produce that gold
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
check this and die of laughs Https://schiffgold.com/key-gold-news/euro-pacific-precious-metals-now-accepts-bitcoin/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
.
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
For those who don't have a bank, block chain would definitely help to manage.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
True bro!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The challenge would be to keep the "blood' unspoiled since the blockchain can be turned against us. A great weapon always challenges both sides of the table.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree, Blockchain in general is starting to accelerate at an exponential rate in the private sectors specifically which will introduce more and more of the pubic into the public blockchain. Everything including stock markets are already getting ready to launch heir own platforms. Some(well connected bankers) are rushing to put together platforms which will allow people with large sums of money that haven't had an outlet previously to buy into cryptos. There will be volatility but after this summer I suspect we all should buckle up and prepare for liftoff.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
someone give him some bitcoin so he could see it rise and be happy about it already
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A friend recommended me IOTA and I think it's a Sleeping Giant!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Max is the MAN! Schiff has costed quite a few people I have met TONS of money! Max actually knows the technology boom isn't a hot air balloon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes @thejohalfiles,
Blockchains is the great ...
This will form a new history, in human civilization, how creation can influence the way of contemplative human life on earth, such as internet, smatrphon, and others. Blockchains in the decisive and fundamental fields.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Globalized decentralization is a huge step. I hope we do something soon to incentivise building a decentralized grid. The possibility of the powers that be shutting off the grid in certain areas or in general is the only thing that has me worried about cryptos in general, the reliance on the grid. Things like foodcoin can help make a difference in that industry. Hope the grid can be tackled sometime.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff is right though, Bitcoin has become speculation, that's what saddens me. I'm surprised by Keiser's stance against gold though! I've been following his show since 2009, he was THE gold/silver advocate. Back then, he was also supporting and pushing publicity for the emerging bitcoin that nobody heard about. Now he seemed to have completely shifted to bitcoin.
I agree with Schiff's statement around 12:25, "It doesn't mean that people who bought it [bitcoin] were smart, they were lucky". Bull's eye.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff like a lot of people of his generation are unwilling to see the future. They can't see it. They can only see things from the point of view of the old broken systems.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is this for real? Is this Max Keiser on SteemIt or just some PR arm?
Keiser used to talk so much shit about Bitcoin and crypto. It was funny seeing his attitude towards it change.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Eh? Methinks you are talking out of your bottom? Provide one link for Max talking shit about bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol don't even. I've been in the crypto community since 2010.
Keiser said Bitcoin was too expensive and said Litecoin was the better option. Don't make me embarrass you with links. This shit is from 6-7 years ago.
People are allowed to change their opinions. Nothing wrong about it. I just said it is funny. And I guess you answered my question that this account isn't actually Keiser?
Ask Keiser if I should still be buying Quark and Maxcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Provide the links.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Quark scam
More scam pump and dump
One user think Max deserves jail for market manipulation. He isn't alone
Litecoin interim target of $50?!
More pump and dump?
Keiser only started being more public about his desire to see Bitcoin succeed when all of his pump and dump schemes failed (though I'm sure he still likely stole some people's money) and his "predictions" were being revealed to be hot air.
This guy is interesting to watch but I sure as hell wouldn't be taking investing advice from him. He should keep adding benefit by interviewing people like this and bringing awareness to the network. But he should stay away from publicly promoting another alt coin, that's for sure.
Y'all should power up more Steem to have more credibility in this community. Doesn't really show confidence when you are a famous and successful investor and you have less than $200 in your wallet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So you have nothing. Thanks for wasting my time. Won't make that mistake again. Stacy
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I respond with links of several instances where Keiser was pumping alts (which by itself shows a distrust in Bitcoin or at least a desire to scam) and I'm wasting your time. Haha.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Price of bitcoin goes to 3288$ !!!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
what the hell are you talking about , he was one the first people to talk about it back in 2011
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you keep making "predictions" one of them is bound to be true. His targets were off for every single coin he tried to pump and dump on his followers.
What he was doing was morally and ethically wrong .. let alone borderline illegal. Not sure why y'all blindly follow him.
As I said, I have been involved in the crypto world since 2010 and remember the crap Keiser was spreading. It is pretty hard to not make money from buying and holding crypto. Especially when you create the scamcoin and like to your followers to buy it before leaving thm with a pile a shit.
All good though, I realize that most of these financial experts have no clue what they are talking about when it comes to crypto. Might be more suited as a comedian
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So you've been "involved in the crypto world since 2010" and yet only had a Steemit account for a month?? haha , yeah your really ahead of the curve in the crypto space my friend. Max and Stacy have clearly been important players in promoting the crypto revolution so love them or hate them they are deserving of respect. As for recommending alts that turn out to go nowhere, who hasn't done that?? Everyone who's into crypto has had highs and lows in their predictions and you think this is "borderline illegal". I think blindly taking advice without doing your own research is borderline stupidity, take a bit of responsibility for your actions and stop blaming others for your own failings in life.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol. This is coming from a user that has 163 STEEM and has been here for about a year. I was busy making money with other ventures to notice STEEM in its infancy. But I guess my account holding nearly $50k at the moment is a bit of an indication of my commitment to the platform.
Btw, KeiserReport happened to have their account created on the same day mine was. Does that somehow change the validity of the users points?
In 50 days I have become a top 50 witness, written and released several open source projects, release a ruby STEEM gem, partnered with MinnowSupport and personally wrote a bot platform to help manage their bots for the community, started a full RPC node for the network, and joined onto BuildTeam as a developer for minnowbooster, steemsports, steemvoter, and more that are not yet public.
Where the fuck have I failed buddy?
People should be able to have open discussions and not have to agree. The point of educated debate is to further ones knowledge by considering facts presented of multiple sources.
Max didn't just "recommend alts". He actively schemed to come up with MaxCoin and Quark nonsense. You can disagree with my opinion and presentation of evidence because that is your decision. No one said you had to agree.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hahahahaha nobody who was so successful would be so childish. Thanks for the laughs though. Maybe get out your mummys basement stop pulling your tally whacker and have some face to face conversations, once you been smacked in the mouth a few times you might grow up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just attempt to resort to insult when your point has been invalidated. Trust me, makes you seem very credible.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Shared on twitter and resteemed. Peter failed to recognise the impact Blockchain Technolgy HAS on Derivatives. Until Futures, Contracts and Derivatives are on the Blockchain, BITCOIN will beat GOLD. This I can guarantee. Great interview as always. Stephen
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey @stephenkendal! We've got to have you back on Keiser Report soon!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi Max. Would love to come back on your show as long as I can plug Steemit and Steem ;) ;). I cannot thank you and Stacy enough for giving me some great exposure after being on your show last year. Stephen
https://steemit.com/steemit/@stephenkendal/steemit-promotional-merchandise-shop-open-t-shirts-for-sale
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah please bring back that mini stone henge model with the derivatives wrecking ball!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please soon :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Price of bitcoin goes to 3288$ !!!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Price of bitcoin goes to 3288$ !!!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Max DESTROYED him!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't see it that way. Do you have all your wealth in one basket? I hope, for your sake, you do not. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nope, far from it. I Just think Peter is going to be proven massively wrong, you could already say he has been considering Bitcoin has been going strong for about 8 years now. Certainly not "tulip mania" haha
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, exactly! :) Then don't listen to him regarding crypto. I do not agree with him sbout it, but he has made me money through other solid strategies. In other words, he is wrong about one thing. That doesn't make him all wrong. Why throw out everything?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would also say he's been wrong about the price of gold because for as long as I've been listening to him he's been saying it's about to go up massively, which is convenient because thats what he happens to be selling. Sooner or later it will go up and he will claim he was right all along. Don't get me wrong I don't think he's a total idiot, just that he stands to gain financially if gold succeeds and Bitcoin fails and I think that shows in what he says in interviews
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gold is being suppressed of course. Crypto cannot be, so far at least, but they have talked about an ETF for BTC.
I don't care what the price of gold is though. All I care is what it buys. It will always buy a lot. That's the primary reason I have it. The price in US Dollars doesn't matter.
Honestly, I do not buy crypto for its price in US Dollars either. I am buying and holding, and I want my crypto to have solid purchasing power regardless of the US Dollar price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very informative. A good, articulate back and forth. Thanks for sharing @keiserreport.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is limited and Gold is not.. They are both a store of value, whether it's physical or digital, and if you want to send value across the world it is way easier to send Bitcoin vs Gold, but realistically like Peter said what if something better comes a long?
Well there has been TONS of things come along (look at STEEM) that could be seen as better, but people still use Bitcoin just like people still use the dollar (IT IS THE MOST WIDELY ACCEPTED), and just like people use Facebook.. when the world finds something they all accept they seem to stick with it as long as it works, and the Dollar does not, but Bitcoin does.. and it can be forked if it needs to be upgraded, but only if the majority of the community agrees.. to make it better!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I keep about 85-90% crypto, 5% gold & silver, and about 5-10% fiat for spending money and buying into dips.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gold is not limited? Think again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
gold has to mine and its has to be profitable to mine, it it cost 5k per ounce there not going to mine it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice video!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Max, Peter Schiff just doesn't get it I wouldn't bother trying. He is a Gold bug and he will only float his own boat. Someone could invent a way to make Gold and it would drop in price overnight. Most of the value in gold is imputed yet he cannot see that this is valid for Bitcoin just as much as with Gold.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Of course one must take into consideration that it is much more likely that somebody invents an alternative to bitcoin that is better than bitcoin than it is that someone comes up with a way to produce gold. :-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff has gotten a number of things right over the years, but as many others have said, he seems to be stuck in the past when it comes to new technology (specifically crypto). It's too bad for him, but the rest of us are looking at the writing on the wall and moving into the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There is no debate. Gold is something physical with intrinsic value to the physical.
Bitcoin is the future. Nothing physical, in the cloud.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
BITCOIN ALL THE WAY
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't read every comment so it may have been said elsewhere, but Pete doesn't seem to acknowledge that gold doesn't have an inherent value either. Goods can be made from it, just like steel or aluminum, but it's value was originally derived from its scarcity and while there MAY be a day when all the gold has been mined and all that exists is in circulation there's no way to truly know now or ever, how much gold is in existence. Cryptocurrencies don't have that handicap. Nor does he acknowledge that a store of value is whatever a group decides is valuable. True, Bitcoin has no inherent value either, but nothing does. A chicken may hold significant value to someone who likes fresh eggs or chicken but it's worthless to someone who doesn't. Even considering barter value one has to invest in it to keep it producing or edible until it can be traded for other goods. I don't think it's far fetched that a generation has come along and decided (or will decide) that a digital currency that has the best of both cash and plastic with little to none of the drawbacks should be the dominant store of value for the future, even if it is inherently worthless, because the benefits it brings to the table far outweigh that inherent worthlessness. I agree this sounds like a guy who's only preaching what he knows and is oblivious to what lies ahead.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is incredible that Schiff does not understand that "backing" is only needed to secure rarity/defy counterfeit money. Gold or whatever is just a lump of atoms, nothing more, it is NOT magical. Cryptos exactly do not need backing because they are limited in supply and cannot be counterfeit. NOBODY wants a fiat currency backed by some cumbersome commodity. It is asking for the same trouble we have had with governement controlled money for 3000 years. Wake up Schiff !!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A real must watch.
We ran into Peter Schiff at the Freedom Fest in Las Vegas a week ago; and this is the bitcoin vs gold debate that followed:
The debate begins immediately so no need to skip ahead. In the second half, however, is the second half of Max's interview, where all things crypto are discussed . . . so you'll want to stay tuned for that, too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
why the hell is your plagiarism of the write-up getting 0.43 steem. It contributes nothing whatsoever to the discussion . @steemcommunity We should put something in place to prevent garbage comments like this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hallo @keiserreport, I am interested in your various posts, maybe I can learn from your post to equate my various articles. And I've followed you so that posting always appear to me. Therefore I beg for help vote, reblog and follow back my account. Thank you for your attention
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What Peter Schiff doesn't understand is that Gold would need to be stored and secured for cyrpto backed by gold. And the government can always come and steal the gold. Who's going to buy crypto when the government can take it when it wants.. Bitcoin is brilliant at taking the place of gold to trade a store of value around the world because no one can steal it. Biitcoin only exists on the ledger which is in the cloud.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff lost this one big time! Sell gold and silver and buy BITCOIN!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow loved the vid
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love gold and silver but you've got to keep an open mind, cheers mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is not a digital fiat currency Peter :)) Coming in 2 years: Peter Schiff was wrong about Bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In two years? Schiff has been wrong about bitcoin since 2012.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that may be a reference to the Youtube videos entitled "Peter Schiff Was Right" in which he correctly predicted the Great Recession.
I respect Peter and think he's right about gold and silver... but he's also wrong about crypto-currencies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Why are all of these Peter Schiff vs Crypto arguments beginning to look set up? Could it be... Lucifer? Ha!
Yeah...! We love ALL of you Free Masons out there. And so does Jesus!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This episode demonstrates why your show is so valuable.
Max & Peter Schiff both have valid points, right now (and I know this is going to create some cognitive dissonance) cryptocurrencies only have value because the people using it all agree it has value. And the vast majority of people entering the space are speculators.
That's why I bought my 3.6 Ethereum, with the expectation that it's going to increase in value.
But in the second half, Max & Charlie discuss the "unseen" aspect of it (to paraphrase Bastiat) and that is the pulling of fiat out of the market (and out of the control of the State) and into crypto.
This is such a complex and diverse issue that they're all correct.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Everything only has value because people believe it has value. All value is subjective to the needs and wants of everyone. "FIAT" literally means "by decree" - as in by government dictate. US dollars only have value because of legal tender laws that say you have to accept them, and by a military that enforces the petrodollar on oil-producing nations. Obviously, crypto is NOT fiat.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
But the USD was backed by Gold until Nixon finally closed the window in 1971. The Saudis helped him do it, which is why they looked the other way when the Saudis financed 9/11. Legal tender laws can't force another country to accept USD either, thanks again Saudi Arabia. The vast majority of Americans still don't realize that. They also think that their bank has a vault where they keep everyone's money.
As far as crypto goes, until you see prices quoted in crytpo, it's still a speculative purchase. There's nothing wrong with that, the danger is when people think crypto is equivalent to a physical asset, like gold. A paper wallet or a Trezor in your safe is not the same thing as a gold (or even a silver) coin. You might just as well be buying paper gold, i.e. if you can't hold it in your hand, you don't own it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not yet anyway... and neither is Gold and Silver Fiat for that matter.... and yes, they too are subject to unforeseen future government dictates.....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's funny that they're arguing different points yet I agree with both of them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice way to put it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's like arguing which is a better vacation: ski trip or beach getaway. They're both vacations.
They're both an exit to fiat currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I had similar thoughts when listening to this exchange between Max and Peter. I like silver and I think it is a good thing to have.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Most definitely! If the gold & silver derivative markets on the stock exchanges weren't fake, they would be getting a run that cryptocurrencies currently are.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They both have great points but I remember Schiff saying to get rid of bitcoin years ago if you listened to him than you would lose a ton of money
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have always been a BIG FAN of Max Keiser I just wish I would have stepped up to the plate sooner with Bitcoin. Yes I know everyone says the same thing. I think we are still in the Baby stages of the Cryptos and there is still lots more Fireworks to the UP Side. Sending Love to Stacy and Max !!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I remember watching one of Max and Stacy's videos a few years ago about bitcoin. I totally agreed... but didn't learn how to buy or earn Bitcoin. Now I'm in on crypto-currencies. Took me a while. Wish I was in sooner, but I'm in now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seems like you and I were at about the same place. STEEM ON !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter is so closed-minded in terms of crypto... It will be hard nut to break.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Love max Keiser
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This the same reason why most of the people I invite to join steemit keep skeptical. Base on my personal experience, I invited all my office mate which is 34 people to be exact. We have some debate where I explaine how it works and the role of the blockchain in their future. I also vissualize how currency will evolve and shift to crypto, and luckily only one among 34 open a mind and joined steemit with his very little understanding on cypto currecy. While all these 33 people stay and stuck behind the old system.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
exx007, this is the exact same situation I was in when eth was under a dollar and I was talking to cryptopeople! It requires an open mind to be one of the firsts to truly listen and understand the possibilities of the new tech and for that reason only to join it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bottom line = "Hedge ALL bets, and DON"T put all your eggs in one basket... otherwise, you're leaving yourself open to the purest of destruction in every regard.... don't say I didn't tell ya so in advance......
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin price is going up and the gold is melting down easy as that cause gold was only safe heaven and now it's bitcoin!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome post and video. Bitcoin is the new gold and the sooner you adapt, the more potential for profit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All due respect - though I'm a firm believer in owning ample amounts of both bitcoin & precious metals - Peter definitely out weighed Max in this particular Mexican stand-off - HANDS DOWN...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Quality episode of the @keiserreport +1, resteemed ;-)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love bitcoin
I like post you
Money bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
LOL! Rich men arguing. If I had money I could take to Vegas and put in a slot machine, I would buy bitcoin with it instead. If I had a pocket full of cash that I did not need now but could not afford to lose, I would buy gold. I have neither, so I am a silver girl.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love how Peter is saying merchants will be pricing their items in gold in future but can't see the same happening for bitcoin. What will the kids of today use? Why would they use gold when bitcoin does the same job better. But it's always good to hear the reasons from the "other side".
He's also saying people might not want bitcoin tomorrow, but if bitcoin is digital gold, why wouldn't they? It's very hard to move gold around and there's a lot of fees, also somebody could easily stop you. Either he's not seeing the full picture or he's just touting gold because it's his work and that brings food to his table. I'd say it's the latter.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think this stems from the difficulty people have of measuring value without a yardstick, local currency is that yardstick. There will be a global currency and unless something monumental happens it will be Bitcoin but also there will be others as well. I think local currency will survive for some years as the yardstick of value but will decline slowly over the years, it is possible that one time in the distant future there will be only one dominant universal currency.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Makes sense. With the globalization it's only a matter of time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Perhaps because its NOT digital GOLD - its just digits with a traceable ledger that governments, should they so decide/decree - can get their corrupt paws on in a few quick pieces of tyrannical legislation....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No, its better than digital Gold, governments have seized Gold before but unless you handover the private key they can't take your bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hear ya stimp, but if they really wanted to, you and I both now they could make it illegal to use - thus rendering it worthless... At least precious metals have intrinsic value beyond that which any government may render the underlying as non-legal tender... Best bet - have a good bit of both on hand and you'll be far better off than with just one or the other.... Just my opinion... :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am not knocking Gold, been valuable for donkeys years and will always have intrinsic value, so holding a bit of both is a wise call, eggs in one basket and all that :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Posting into the hot category is amazing. Thank you friends steemit already sharing good bitcoin video
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello :) https://steemit.com/photografy/@phoenix69/hello-i-am-new-user
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I followed peter for a long time... It is so strange that he doesn't open up to cryptos. It's interesting for sure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Picture
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice video 👍🏻
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff says that cryptocurrency are based on trust! And the gold is not based on trust too!? That's ironic, if we go deep in this matter, it's all based on trust. It can also happen no one wants to accept gold!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Max & Peter. Here we go!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When a person's livelihood is dependent on a certain condition, it is incredibly difficult for them to imagine they are wrong on an issue.
Try to convince a pension holder that they're funds aren't safe, a real estate agent that homes aren't a good investment, or a central banker that fiat money is no good. It's nearly impossible.
We're all generally more interested in convincing ourselves the truth of our own ideas rather than being open to new truths.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice article 👌🏻
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great little debate there Peter Schiff will miss the boat again just like he admitted in this video that yes he should have bought in when it was $5 then he could sell it now very soon Bitocin will hit $10 000 and he will say it again that he should have bought it when it was $3000 and again when it hits $100 000 lol he is such A tool
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin vs gold debate? how is possible? there is no possible debate about it! 😄 , great video!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good video! Thanks again Satoshi!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Debate 2 great figures. You are very super. I am very amazed with you guys. I really hope to be as successful as you guys and I really like to meet great characters like mek kaiser and peter. You are incredible. Do something change that can change the world and also that can be useful for everyone. I like post @keiserreport. this Video very interesting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the post Stacy...great debate..interesting that Peter isn't more interested in the crypto world..i think a large part of it is because he joined with GoldMoney which has it's own GoldMoney currency backed by gold in their vaults
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is going to rise about $ 5,000 over the next 3 years and the future will be headed towards fantastic heights
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
love this post. Thanks For Share .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I know I might get some heat for this, but I agree with Peter. I don't think of Bitcoin as a safe haven asset, there is little evidence to suggest it is a safe haven asset, it hasn't even been through an entire business cycle yet. If it goes through an entire business cycle and preserves wealth in a bust cycle just as well as it does in a boom cycle, then well suck my left nut, I'll convert to team crypto.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The Gutenberg's press and how it changed the world... that is a very powerful example from Charlie Shrem to know about what is happening now with the cryptocurrencies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love your post follow me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thnaks a lot. I enjoyed the video so much.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great Debate!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ways Bitcoin could lose most of its value are a wide spread software bug, a quantum computer that breaks the encryption or a solar flare. Seems highly unlikely and solvable.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, these are the issues facing crypto. But even so the system can be much more valuable than it is today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I will have them both bitcoin and gold,
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is an excellent debate Stacy, great to finally see you and Max here on Steemit :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, yeah it's a good debate. We're hoping to do another more formal one next month. Working on making it happen now. Will be in Aspen . . . :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This was such an amazing debate! Peter is fighting the wrong battle. Why is he so stubborn about cryptos? He will have to eat his words and do a complete 180 if his business wants to survive IMO. I like Peter. But this crypto bashing is not good for him!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh Man, this is great Max! I think Peter is just trying to defend his gold position because he is so invested emotionally and in business.
This Post was Added to the Steemit Social Media Queue.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We still advocate holding gold along with hodling bitcoin! But, yes, Peter does have a complete resistance to bitcoin and I think much of the gold selling community is annoyed by the momentum and excitement around cryptos. Time will tell. Watch this space.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would love to see Max debate this with Jim Rickards too, if the opportunity arises!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter Schiff is a gold guy through and through, it's what he knows. Bitcoin is something new, totally different, an evolutionary step forward. Some people will rise to the new challenge and become very successful other people will unfortunately fall by the wayside.
This has happened many times throughout history.
Over the last few years it has become apparent that Bitcoin has become to many people the go to form of wealth storage for many reasons. Whilst gold is often tarnished with anecdotal evidence of price fixing and manipulation (nearly always lower) which hurts the investor.
Over a timeline of 100 years, yes gold will probably hold it's value well. Over the next 5/10 years it is obvious to most impartial people that Bitcoin is going to blow gold out of the water.
-WetWipe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Also why has Max Keiser started talking about MaxCoin recently. I though that died at the same time as Michael Jackson. Maybe he found an old USB drive with 2,000,000 MaxCoin on there and is trying to pull off a pump n' dump :-)
-WetWipe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff...!?!?!?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
He doesn't understand cryptos. Also he said that cryptos can crash, gold doesn't ? He is stuck in the past!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter Schiff getting REKT, but in a nice way, Max Keiser style! CryptoCURRENCIES are next level and here to stay!
And Charlie is really a great and smart guy, I could listen to him all day. Well done @keiserreport!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree that the future is for the crypto currency. But not everyone understands this. Maybe they'll come up with something better than the current crypto currency?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting material.. Continue
I just followed you and voted this post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I get what Peter is saying. I think CC is hard for most people to wrap their minds around. Especially when the Gold reserve has been the foundation of our currency for over a century. But CC is most likely the future, and lot of people are going to fight that unfortunately.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think bitcoin will get stronger and stronger even if people go for other coin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I choose you Bitcoin!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just can't trust Schiff anymore. He is obviously smart enough to know that crypto is not the same as fiat. He seems to be making disingenuous arguments and flat out lying, and I really don't think its just about his gold business - though I'm sure that is a big part of it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I remember right at the beginning yes Max didn't exactly gush about Bitcoin, but then it was quite an alien concept. Didn't take him that long to be on board though.
I have watched the Max Keiser Report for years and learned so much about global economy from that show. It was from there that I first heard of Bitcoin and couldn't really get my head around it. But then Max too recognised the potential, and I was hooked.
Like many I sat back to wait and see how it would develop and damn, I missed out big time. However it is thanks to Max and Stacy that my interest in cryptocurrency began.
Great debate by the way.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Precious, @sshh. Schiff is obviously stuck before. Likewise not willing to open his brain and learn. You made an incredible showing with regards to with this meeting much regard. Blockchains will shape the future and could wind up being the platform for gold later on. Blockchains will be the life blood of everything. The blockchain is the motor humankind has been searching for to drive us into the future and past
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Schiff has a way of "fabricating" his own "facts." The dollar "clearly" caught a bid well before the SHTF in Sept 2008. Gold didn't start rallying in earnest until late 2008. I know because I bought 8 different gold stocks between Aug 2008 and the end of that year. The dollar was a "safe haven" going into the Sept meltdown and gold "correctly" predicted that the Wall St induced govmint policies would be inflationary for a time. Here's the dollar.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dxy&x=52&y=13&time=13&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Since late 2011 gold has been "telegraphing" the coming deflationary spiral while the dollar maintains its higher level. The "insiders" aren't about to let go of their dollars. The insiders ALWAYS know what the future holds before the future becomes the present. When the epicenter of the current bubble (Silly Con Valley, Cali) implodes, so will bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gold and Bitcoin are one in the same I believe Gold will win in the long run.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If someone doesn't want your gold it's worthless too. If no one wants your bitcoin it is worthless too... Everything is based on implied demand worth. Gold is a rock- it has value because it always has in our society...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @keiserreport! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter Schiff makes such an ass of himself! I watched this today and happy somebody put it on Steemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
https://steemit.com/bitcoin/@jni/ever-wonder-how-bitcoin-and-other-cryptocurrencies-actually-work
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ThirtyTwoHundred
TwelveHundred
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Blockchain is the one that will give shape the world in a sci-fi way. As the technology evolves ,natural resources demand for gold, coal, silver etc will vanish (wich is a good thing for the planet). This Schiff dude its just another obstacle in the way of human progress and there are many people like him looking out for their own greedy interest. But we as humans proved so far that we are good at breaking down obstacles. So i look forward to the day this ignorant old dudes gets laughed in their faces.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Been waiting for this one.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love Schiff but COME ON MAN! Crypto is the future!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin is leading ..they need to face it .Up Up Up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very informative post! Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We ran into Peter Schiff at the Freedom Fest in Las Vegas a week ago;
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am buying and selling PM in Bitcoin..........https://www.bullionstar.com ......
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter's point about Gold having an inherent value, I would argue it just has a perceived value over a longer timescale. Sorry Peter, but I feel you find it difficult to be objective regarding Crypto considering your vested interest in Gold. Want to quickly pick up on Charlie's point... really the value of any currency is defined by the people who use it. Money can still be measured and weighed in 'talents'. It's a foregone conclusion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very interesting stuff. I have to say bitcoin does have value because it has technology that is useful in the real world. Now the uses are to many to fill this post but point being is that there are many uses not few. For instants steemit is used for social media.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good work!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin in a long run will be more valuable than gold because is difficult to carry , but now you can carry a million dollar worth of gold in your pocket, thanks to bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like Schiff, but he is clearly on the wrong side of this argument. No inherent value? Why is that? That's like saying Windows has no value and banking systems have no value. I think crypto has more inherent value than anything man has ever made: a banking system without bankers. Priceless.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hmmmmmm this
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
<3 max
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome!! And let's go @charlieshrem Let's change the world
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great video! Thanks for sharing :wink:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit