Quote from: PointHope on January 23, 2020, 06:39:02 AM

Well he certainly had a big challenge to surpass his stupid beany babies comments some years ago...

Ah, I must have missed that one--but I'm sure I've missed most of his comments, since I long ago tuned him out after realizing he was a precious metals permabull.

I'm not sure why Schiff even bought any bitcoin to begin with, but whatever. What I'm more surprised about is that he obviously didn't take the time to learn the basics about it before doing so--if he didn't write down his seed phrase, that betrays a level of ignorance about bitcoin that I find puzzling, as I don't think Schiff is a stupid man by any means. A huckster, yes. Stupid, no.

I'll also give him credit for owning up to his mistake instead of doubling down and blaming bitcoin even more. The latter is something he could have easily done and, I suspect, is what a lot of other people might have continued to do.

Quote from: Lucius on January 24, 2020, 11:03:48 AM

Are you talking about the same Peter who is predict that gold will rise to $5000 in few years (2012) or is it same Peter who says that Dow Jones Industrial Average will collapse from 10 000 to 2000, but instead it rose to 18,000?

Yeah, this is another reason why I'm not a fan of his--but I still don't think any of his wrong predictions make him stupid. Nobody can predict the future and I'm not sure why people with followings continue to try (though I have a pretty good idea).