Will the Bitcoin predictions by Peter Schiff- The ‘gold advocate’ hit the bull’s eye?

[Rahul11 292]

On 10/25/2019 at 12:06 PM, wcolins said:

Another prediction by peter Schiff hit the market amid the recent sudden fall of bitcoin which caused a major ruckus. After the prediction of bitcoin reaching $6k to $2k now, he is so sure that sooner or later Bitcoin will fall below $1k and he is quite confident about that, though the famous bitcoin hater felt the heat of bitcoin community, majority people even moke him for his stupid remarks on bitcoin!

Recently he tweeted-

‘’Not only has Bitcoin broken out of its bear flag pattern, projecting a move to $6K, but the head and shoulders pattern that I mention was forming over the weekend has now been confirmed as well. If this pattern completes it projects a much larger decline, perhaps as low as $1K.’’

Source: TheCoinRepublic

Bitcoin price $1k is too low for the market. And it's too hard to touch this price. Think it practically that there are many people like you and me who have a small amount on bitcoin. And I think for that bitcoin won't dump under $3k price as well.

[kizz 3370]

It is hard to predict the value of Bitcoin and this is purely assumption and base in statistics on how Bitcoin increase or decrease in the market. We cannot guarantee what will be the exact value of Bitcoin because of its volatility.

[Laboni 755]

You're right Bitcoin is not a stable currency because no one can easily predict Bitcoin Its price always goes up and down and no one is able to tell the real news. We always have to wait for bitcoin investing Many times the market analysis is given wrong information.

[DreamStage 2105]

Every speculation will hit some whales eyes and general investors globally. So we can't deny the fact that prices might get pumped eventually.

 

Such predictions are meant for the investors to kick in the market so price gets a boost on a specific timestamp.

 

Nevertheless it's up to the whales to change the markets value to a big boost.

[TimopheyKa 3900]

I think the main forecast will not live up to its expectations, because forecasts are rarely fulfilled! And it turns out that we will get an approximate price for bitcoin, but not the one that he predicted!

[Razan alikac 1899]

If he expects bitcoin at that time to reach $ 1,000 then why is Bitcoin now trading above $ 13,000, he must be a failed analyst, because this is an unreasonable or reasonable expectation.

[SuperCrypto 7193]

This talk is very old and I hope I see this person's face now and Bitcoin is building a new peak and achieving great success. We don't have to be swayed by the pessimists' predictions because the Bitcoin track always proves to be a winner in the end.

[Zalaks007 543]

Most of these influencers are paid to post something like this just to lure some customer into buying and seeing of their coins. And that's why I don't believe much in this predictions and I go ahead and make mine calculation. When I see a positive sign from my calculations then I decid whether to buy or sell.

[percare 3192]

Peter Schiff is being against Bitcoin for all the wrong reasons. He seems to be caught in fear that gold will find a strong competitor and instead of adopting some Bitcoin in his portfolio just in case Bitcoin becomes the dominand store of value, he is caught into attempts to discredit it.

[bogdanoff 3173]

Peter Schiff might be in trouble lately as he owns a bank that is under investigation by tax authorities. Shouldn't be talking against Bitcoin so negative and look at his own problems.

[cryptovlek 2597]

I don't know why schiff is trying to hard. He just thinks he has hard facts but in fact he is becoming ridiculous with his mistakes. He even lost all the bitcoins he was given years ago because he never saved his passphrase and private keys. 

[Sykkuno 2887]

I remember Peter Schiffs son made a good bet with Bitcoin and now is more profitable from the father, so I'd be more willing to take advice from his son than from him. A major oppornent of crypto Peter Schiff is very wealthy but didn't realize the importance of Bitcoin yet.

[BraveHeart01 1569]

There are many things that change in the rate of the btc and all of the market, the most influential figures can move the rate by just pkinting out some thing like he did.

[Mella 3680]

I am think this was a very bad prediction made up by this person mind as there wasn't in the chart any of these to happen. Bitcoin was down to a little lower from four thousand and this only because of the covid.

[zhoutong 2188]

I don't care a lot about predictions from people who hate cryptocurrency and don't even have a good reason to do that. Peter Shief should realize his mistake and explain he was wrong and not again make people miss this opportunity.

[Frodler 943]

Some predictions are so accurate that one might think that the predictor is the controller of such event /scenario, also recently the $20k prediction for 2020 is already making positive waves. 

[Fixfin 2569]

I remember this guy was telling everyone to sell when Bitcoin was at the bottom claiming it will go bellow 1k in price. All that when Bitcoin found support and was looking positive. I don't know why he did that but maybe he is a bad trader or don't see what potential Bitcoin has.

[Jaafar Fahad Hassan 114]

It may and it may not, because not all prediction come to reality, many experts have made some couple of prediction and yet they fail to come to reality, so I really can't say for certain that his prediction will come to reality

[wassim19 645]

He was very wrong in this prediction because most experts expected Bitcoin to rise, not very large levels, and Bitcoin never reached $ 1000, perhaps now at the present time Bitcoin will not drop to $ 10,000

Edited November 18, 2020 by wassim19

[annayks 2314]

I don't know what game is Schiff playing but he shouldn't be listened. He is always bearish on Bitcoin and also facing corruption charges in many nations because of some involvements with financial services offered that we don't know a verdict yet. I wouldn't trust Peter Schiff with anything he is saying.

[Alex9876r 1408]

Dependence on the geometric shapes that are drawn on the currency charts are temporary shapes and their results are temporary that occur and start another movement Therefore, his prediction of the collapse of Bitcoin is incorrect, as the decline is natural and does not mean the death of the currency

[abohasnn9 2401]

My friend, regardless of how this person’s expectations succeed, but I do not see that expectations are a real thing, and I do not like those who believe this matter. The rise of currencies is due to the volume of their circulation only and the extent of buying and selling. Thank you.

[Amna Hareem 1213]

On 10/25/2019 at 11:06 AM, wcolins said:

Another prediction by peter Schiff hit the market amid the recent sudden fall of bitcoin which caused a major ruckus. After the prediction of bitcoin reaching $6k to $2k now, he is so sure that sooner or later Bitcoin will fall below $1k and he is quite confident about that, though the famous bitcoin hater felt the heat of bitcoin community, majority people even moke him for his stupid remarks on bitcoin!

Recently he tweeted-

‘’Not only has Bitcoin broken out of its bear flag pattern, projecting a move to $6K, but the head and shoulders pattern that I mention was forming over the weekend has now been confirmed as well. If this pattern completes it projects a much larger decline, perhaps as low as $1K.’’

Source: TheCoinRepublic

 Dear now Bitcoin is increasing their price and now there are about $29,000 and each day it is interesting and also find their price but a little bit and I think it will gain price more and will reach the top and many people are doing predictions that it will reach 1 million dollar in 2025 but we have to just wait for it because no one is sure so just have to wait and watch.

[Kafon 0]

These are rumors that are unlikely to happen because Bitcoin is of very great value and we have not yet seen its true strength yet, and the next goals will be over a hundred thousand dollars and every day I am more optimistic in the field of digital currencies and Bitcoin was the best investment for the year 2020, so there is no need to panic.

[Abdulrahman3 1252]

It is not possible to predict the price of a cryptocurrency, so what do you think if this currency is Bitcoin? It is one of the most volatile currencies in the market, and this is because of the great fame that it obtained, so traders deal with it as an insecure commodity, so they buy it as soon as it rises and sell it as soon as it falls.