Peter Schiff says that Bitcoin is digital fiat currency

>>3099854

correction to OP post, i mean Bitcoin is deflatory currency. i.e. Bitcoin value growth with time.

>>3099879

US dollar and other fiat-currencyes are inflantory currencyes, i.e. they losin value with time.

FED and other central banks has promised that US dollar and other fiat currencyes, that they lose value 2 % every year. i.e. if you hold US dollar or other fiat currencyes you lose 2 % your wealth every year, that is centrlan banks official target, 2 % inflation every year.

>>3099854
nice, just bought 100k

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Bitcoin about to hit $4500

>>3100329

hehe look at me i made some shapes and colours and retrospectively fit them to the tops and bottoms, hehe im a trader

>he's a Jew
>he makes a living selling a competing asset
>did I mention he was a Jew
>he has large portion of his assets in a competing asset


Into the trash it goes

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>digital fiat

Schiff is a perfect example of a financial analyst salesman with absolutely zero clue what he is talking about. trying to sell his gold, even thought he is thinking gold will always go up and dollar is worthless. makes sense...

he is forecasting eur/usd to rise aboce 2.00 etc. atm absolutely ridiculous moron. the man has no experience of trading, his track record gotta be one of the worst on the planet when it comes to currencies, stocks and gold/silver long and short term valuations

hes right tho fiat currency is just currency where the medium of exchange isnt directly worth its value in physical assets.
it isnt evil juat becuase its fiat

>>3099854
ITS A DEFLATIONARY CURRENCY Faget

>>3100756

He's wrong

Bitcoin is more rare than gold and has intangible worth via its computer network, massive use/market capand first mover advantage

He's a Jew shill

They lie to goys to rip them off

>>3099854
((()))

Love Schiff but the nose knows.
He is just a fudder because he is goldy pants and appeals to the boomer crowd.

wasn't he the one who predicted BTC would never been above 2000 again?

yeah...

Anyways the definition of fiat currency:
>Fiat currency is legal tender whose value is backed by the government that issued it.

in other words, its impossible for bitcoin to be fiat because its not issued by any government. I would say bitcoin is more accurately a currency backed by the intrinsic value of the technology its built upon. So long as blockchain technology has a use, bitcoin will have value.

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>boomers

BITCOPI N and litecoin are the greatest check google news for them both
https://futurism.com/get-ready-renowned-bitcoin-trader-says-the-currency-will-hit-15000-in-2017/

https://ethereumworldnews.com/litecoin-predicted-one-best-investing-options-bright-future-ltc-investors/

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>>3099854

It cannot be fiat because it is finite and the supply cannot be inflated on a whim, as well as the fact that "fiat" means that it has value because the Government declares it so, which is not the case: the market determines the value, as it should with any legitimate currency/money.

Bitcoin, a ton of 1's and 0's in wires and chips, is a more legitimate money than the U.S Dollar. That's how dog shit the USD is.

However I still believe hard assets like Gold and Silver are necessary for any portfolio. They are buy and hold assets which are insurance against market recessions ans crashes and hedges against inflation, but crypto acolytes are obsessed with instant gains and their mindset is that the conveyor belt of cheeseburgers, internet porn and bideo gaemes will never be interrupted. Their mindset is that of the pump and dump day trader.

>>3099854
Peter (((Shill)))