Who do you go with, The Kid or the Experienced Pro?
You can't teach an old dog new tricks...
Peter Schiff is back at it again, subtly bashing bitcoin any way he can.
This time it is with a poll...
Apparently against his professional investing advice, his own son has decided to buy more bitcoin on this recent dip down to $10k.
And now Schiff wants to know what the community thinks, should they listen to the guy with professional investing experience of the guy with no investing experience at all?
Check it out:
(Source: https://twitter.com/PeterSchiff/status/1303009420713111553)
This is interesting because I think it falls in line with the well known phrase, "you can't teach an old dog new tricks".
Which basically means that once a dog (or person) gets old enough they basically get set in their ways and no amount of trying will convince them to change their mind or learn something new.
Normally it would be wise to go with the season pro in this instance, however, I think in this instance the seasoned pro has refused to see what is right in front of him.
Which is pretty much what some of the comments to this poll are saying as well:
(Source: https://twitter.com/PeterSchiff/status/1303009420713111553)
Clearly bitcoin has been a great investment for the majority of its life time.
As of now there is no reason to believe that will change going forward.
The bull thesis behind bitcoin has never been better than it is right now with all the money printing going on globally.
Due to these reasons, I would go with The Kid.
What about you, would you go with The Kid or the Experienced Pro?
Stay informed my friends.
-Doc
Posted Using LeoFinance
Old man trying to stay relevant!
He's done a great job at it! He has never been more famous (infamous?) than he is right now.
yeah cuz he aint above pandering to statists 🤢🤢🤢🤢 it pays
This is really hard.
I have a lot of "old-timers" i still follow.
And all their information is getting dated.
The lie, that seems to be ingrained in all gold bugs, is that gold has been money for 5,000 years.
When, it really hasn't.
It is what the elite count their wealth in, but the common person really never used much gold.
(The common gold panner counts their gold in grams.)
That said, gold price will skyrocket as the lid keeping it down is shredded.
Money will pour into gold from all other investment classes seeking a safe harbor.
And then, gold mining is made 100,000x easier with vibration technology AND! gold is shunned because it is the devil-rots-children's money, and gold will be pretty much worthless. Used to make excellent non-stick cookware.
On the other hand, all young people in non eastern countries have never known gold. Have never held silver (was in the coins till 1964).
They almost live in a world without cash.
And with non-centralized block chains, the ownership of any funds is assured.
So, to the young people, bitcoin (and its forks) are the natural extension of where money is going.
Bitcoin is the future.
Yep, agreed, and well put!
Of course it's hard to go with the young kid, nobody should invest in anything only because an 18-year-old does. But otoh, if enough young people believer in Bitcoin, and follow that belief up by actually buying a little, Bitcoin will be unstoppable.
So yeah, I would go with the kid :-)
Obvious Peter does not understand what Bitcoin represents on a technical level as he is too tied to the old way of doing things. That said I do not fully disagree with him. Bitcoin is an experiment and although I think it has shown good results so far I would not put my life-saving into it. Nobody can see the future, not even the wise.
PS. I won't say how much my life savings are because I don't want some snotty-nosed 18 year old in the future to find this post and leave a comment saying I could have been a billionaire.
"you just hope it fails" lol