Peter Schiff Great presentation. I was disappointed with Max. He should have done his homework on your arguments against bitcoin. I think cryptos are great for speculation if you hit it and quit it. In the long run though, gold will always shine! Love your podcasts, Peter! It's how I expose my girlfriend to economics. For being a really rich dude, you really are in tune with us average, working stiffs. Without a doubt!
Max was like a comedian who was hosting the Peter Schiff Roast Night. And then he was nice enough to use his last minute to relay a supporting argument for gold. My favorite is when you were trying to lie about getting into Gold Money when it was at its lows. Really? Last time I check EuroPac sold off Schiff Gold last year for 1 million common shares @ $5CDN with ton other under water warrants. Goldmoney has been trading well below 50% of that all of last year, and is now finally inching its way back to $5CDN. I told you can't fudge facts on the internet!
@peter Schiff...You forgot the most important reason why Bitcoin will fail. Article One Section 8, The part that says "Regulate the value there of". This simply means the US government(US Congress) determines what a dollar is and what it's worth, just like the government determines how long a foot is. Taxes have to be paid in order to pay down debt, support the military & the general welfare of the United States. These constitutional guarantees will always be paid with dollars or whatever the US Congress agrees on. And, not to mention, do the Bitcoin people actually believe the average person will take a chance to invest in such a shady system to begin with? I mean, right off the bat, no one even knows who invented it, that's shady and ridiculously creepy, and the fact that it uses blockchain is suppose to make me feel better that no one can trace it yet? I mean what a risk, talk about super shady! Say the government does figure out a way, then what? I should take a risk so that a bunch of greedy nerds can get rich? No thanks, I got bills to pay. The Bitcoin people have gotten so carried away with themselves its ridiculous.
I have never seen Andreas A. debate and there is good reason. You can't compete with him. He fully understands the financial markets and is also a programmer whom understands and relays better than anyone the fundamentals of Bitcoin. That said I also have made the same comment as you.
LOL, bitcoin at 55k and now there is talk about Brazil making it a legal payment method… Peter Shiff is staking his reputation on Bitcoin’s failure and it looks like Peter is losing massively!
Max's emotionalism gives me thoughts of every progressive liberal agenda out there. Makes it hard to believe anything he says when he simply screams communism, central banks, yadda, yadda, as if Peter is for either of those two things....
Lol and how max and stacy keep personally attacking peter when all peter is trying to do is lay the actual facts on the table to have a real discussion, if any thing just on that basic bullshit point max and stacy keep trying to present in this is that peter is biased when it comes to gold yet peter is actually trying to present valid points for this discussion becuase this actually matters to some people while max and stacy are trying everything in the fuckin book to try and discredit gold and peter.... Yet all they end up doing for thier side is making them look desperate and non factual... Peter was a saint and held fast. hence why i stopped watching max and stacy a year or two into thier beginning show and why i am STILL watching peter schiff to this day even when i dont agree with him atleast hes being himself not a shill.
What the fuck are you talking about fatman? Stacy actually said in the debate that she has some gold with Gold Money, and Max used his last minute to bring up a point in support of gold that Peter failed to bring up. All the Schiff groupies out here are clueless and follow this scheister blindly.
Lol groupies eh? Sounds like i hit a nerve .... So almost an hour and all you have are two not even good points.....after how much screaming and foaming at the mouth by max while not awnsering any other points presented ? Riiiight bud
Yeah groupies, and you hit the "clueless nerve". Yup, I brought up two good points versus the zero points that you've pointed out. The times that Max was yelling was when Peter was trying to talk over him, which he failed miserably and was at times left speechless because he have jack shit to counter it. That's right, clueless groupies like you don't see that.
@CaptainEZ I lost it all already in 2018, and again in 2020. It's all or nothing for me. If Bitcoin goes to zero, I don't think this world is even worth living in. Because there's nothing else that'll save it
@republicshallriseagain419 Constantly saying that bitcoin will go to zero is not mostly right, is down right delusional. And anybody listening to this buffoon throughout the years have missed out on life changing wealth.
Max spent too much time attacking Peter directly instead of addressing his arguments. I expected a good, reasonable debate and instead I had to lower the volume of my device because Max yelled too loud. Peter reacted very well and kept explaining arguments.
Revisiting this debate after several years, the meantime in which I've gone from staunch goldbug to solid Bitcoin maxi....and I have to say, I'm really surprised at the weaknesses of Peter's arguments, and shocked that those arguments got over on me back then. Wow, just couldn't see through them....crazy.
@@muabyt7333 Right, if Bitcoin was a real asset like gold, people would buy it because they think the price will go down. I myself only buy when I think the price will go down.
"The reason we can't be on the same page is because you're in a fiction book and I'm in a non-fiction book. You're actually in a comic book." -Peter Schiff
"I own the comic book" - Max Keiser Max was clowning Peter on this stage. And Peter Schiff was in all 3 books. Fiction: when he was trying to lie about buying into GoldMoney stock when it was lower Non-Fiction: Losing money and losing clients Comic: Max Keiser roasting him on stage.
@islandbee why are you posting so much? you are obviously a convert and cant see both sides of the argument. look at the video, no one showed up to the debate, they knew max was a waste of time. i was actually really interested in finally seeing a bit-believer answer peter's questions....but he couldnt....max had no answer so he started yelling...total cringe fest. max didnt roast anyone...he embarrassed himself, even the lady on the stage was cringing.
No one showed up to the debate? More like nobody showed up to listen to Peter's speech earlier. And are your deaf? People were laughing their asses off when Max was roasting Peter. FYI I also own gold and silver. You and all the other Peter Schiff groupies can't handle the fact that if you listened to him in this last decade, you have lost money. Why are you so salty so much?
We will see in couple of next years or decades, who earn and who lost - nothing lasts forever. If you go out at right moment - you will be winner. Otherwise - good luck. BTC (data from 2011): - max profit +9853% - average profit from last low +1422% (median +216% / 15% of average) - min profit +69% - max loss -93% - average loss from last high -50% (median -35% / 71% of average) - min loss -27% - average upward trend time - 186 days (median 80 days) - average downward trend time - 79 days (median 21 days) - average profit per day in upward trend +5,14% (median +3,05%) - average loss per day in downward trend -3,04% (median -1,28%) - ratio between average profit and loss - 28,72 - ratio between median profit and loss - 6,12 - ratio between average profit and loss per day - 1,69 - ratio between median profit and loss per day - 2,37 - statistical prediction of next low from last high - 8898 USD GOLD (data from 1970): - max profit +340% - average profit from last low +185% (median +159% / 86% of average) - min profit +46% - max loss -70% - average loss from last high -39% (median -34% / 88% of average) - min loss -20% - average upward trend time - 954 days (median 609 days) /monthly rounded/ - average downward trend time - 1396 days (median 214 days) /monthly rounded/ - average profit per day in upward trend +0,36% (median +0,24%) - average loss per day in downward trend -0,21% (median -0,16%) - ratio between average profit and loss - 4,79 - ratio between median profit and loss - 4,70 - ratio between average profit and loss per day - 1,78 - ratio between median profit and loss per day - 1,49 - statistical prediction of next high from last low - 1939 USD Do you think that something with such volatility like BTC (+5/-3% per day) can be a "store of value"? I think NOT. However we can't say much about BTC becouse it has too short history and don't surviving any crash yet - talking about this asset only from 2011 (it starts from 2009) is like saying US stocks are "safe haven".
Javier Valenzuela 6 months later and you are seen like even more of an idiot. Bitcoin best performing asset this year. I love how when Bitcoin goes up you call it a bubble, then when it goes down you call it dead, but then even more stupidly when it recovers and goes back up it’s a bubble 🤦♂️ no other bubbles recover again and again. Tulip and south sea.
3 years on, rampant money printing, Gold price is static for the last 5 months, Stocks are ridiculously over priced and I am looking at a $32k bitcoin price. Great prediction Peter! hahaa
@@eruston Wrong. Schiff is good. So is Keiser. We will see it unravel. If Schiff is a fool, so is over half of the world. If you think everyone else is a fool, maybe you're the fool. I support crypto but Schiff isn't a fool.
Stack Silverson damn bro, u have no clue. Bitcoin has been crashing and recovering since its inception. and this with a small market cap of 60/70 billion. when it gains mass adoption and it will, you will miss out on the biggest distribution of wealth in history my friend. that’s just the tip of the iceberg. u may never understand it until it’s to late. do yourself a favor and just buy 1 bitcoin or 50 litecoins. just do it.
@@robbycast message from the future. You are right the idiot above is not. Bitcon is poisoned to hit 100k AMERICAN dollars and it has been an additional halving since this debate took place
If Peter Schiff winds up on the wrong side of history when it is all said and done, at least he will seem like he made a reasonable mistake. If that happens to this Max guy, he'll look like a total lunatic. Well, he sorta already does...
You said it, you can see peter's workings and the rationale he comes from and presents himself as a versed and educated person that is coming from a levelheaded decision... which is more than I can say from the digital jesus zealots like jsnip, cliff high, bix weird and max... I feel their demeanor and argumentation comes from such a dishonest place that they single handedly sent my at even a higher rate into silver and gold.
robert20351 - So many people here commenting on what Max is wearing, when this is not a fashion show. It's a debate. A suit and a tie is not going to help you with that. Peter brought that, but no winning argument to the table.
I should have at lest got a little bit into bitcoin.... PMs have been STAGNANT for over 2 years... and it's avtually less liquid than bitcoin because there is NO BUSINESS I know what accepts gold as payment, but you can buy PMs with bitcoin, tesla cars, electronics etc... bitcoin is more money like, than gold is and it has some of the properties of gold... the biggest weakness is that it needs electronics to work.
To my opinion, it was a clear win for Peter, not that I do not agree to some degree with Max, but he acted like College student whining about inequality, and he wasted the time of everyone watching this debate.
"The new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it." - Max Planck
19:06 Peter you obviously do not know what you are talking about here. Alt coins are not "better" than Bitcoin. Which alt specifically are you referring too?
Say what you want, folks, but MASSIVE respect to Peter Schiff for keeping this up on his channel. Seriously, that - if nothing else - shows a degree of integrity that's incredibly rare today, and - regardless of what has happened with BTC and Gold over the last ten years- the fact he keeps this on his channel, speaks volumes of his integrity. I'm invested in BTC and have been for years - but utmost respect to Peter, if nothing else - than for keeping this up on your channel.
This debate was 2 against 1 & Mr. Schiff still came out on top. Situations like this only show you that most people are going to believe what they want to believe regardless of the facts or evidence & get emotional about it. I completely understand that sometimes the facts & evidence at hand appear to say one thing while ones gut feelings & intuition may say another but there's no need to get emotional about it or start screaming from the top of your lungs like a child.
Something really off-putting about Max just yelling obnoxiously, which makes people reflexively cheer it on, because it's so bizarre in a debate like this, which makes him and others wrongly think he is making good points. He is spewing pure nonsense that can mostly be reduced to "Bitcoin to the moon everybody!!!". It's pure nonsensical propaganda.
31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.
Peter Schiff is right there are only a few precious metals in existence but there could be unlimited number of digital currencies diluting the price of each individual one.I have zero doubt that the crazy move in BTC price is just another instance of irrational exuberance and it will end badly.
Network effects will force the adoption of basically only one. TH-cam vs their next biggest competitors Facebook vs their next biggest competitors Google vs their next biggest competitors Twitter vs their next biggest competitors These are all networks. People often can't even name their next biggest competitors, because they are totally irrelevant. Network effects draw people to invest in one, then to save their investment, they rebut competitors. irrelevant
When people say the bitcoin price is high...well it really isn’t. The marketcap is under 200 billion. We don’t price gold in 12.4 Kilogram bars. I think the market needs to make a shift to showing Satoshi price as well.
I'd really like to know what number Peter btc needs to get to, to admit he's wrong. He said it'll go to $100k. He said buying at $5000 is going to be a loss.
If something is described as the "new gold," is the author not admitting to the superiority of gold by using it as a metaphor for a standard of quality?
Data is money. Gold is money. It boils down to Security + Utility. So the question becomes, 1) which can be most secured? 2) which has the greatest ease of use and transferability?
Losing your cool doesn't mean you lost. Sometimes people get upset when others aren't listening. Stubborn people never concede and that is frustrating.
@@andrewp146 I like schiff but hes wrong about bitcoin. He sells gold so he has to do what he can to undermine bitcoin. Hes right about most everything else though
Much respect to Peter for going to the event in spite of knowing he'll be attacked by a pack of crypto-wolves. Could have been a good discussion, but Max had to make it into a shitshow lol. He thinks his audience is not capable of listening to technical stuff without there being a show to keep attention. Newsflash Max - your listeners are not a bunch of 9 year-olds.
The crowd seemed pretty entertained and supportive of Max. And he did bring up valid points that Peter Schiff couldn't refute with facts. His response: "NO IT'S NOT!"
31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.
25:48 Max is on point here... just because you were right about the housing bubble does not mean you are correct about a Bitcoin bubble. 10 Billion in Wall-Street money is sitting sidelined waiting to enter the space on Monday, Dec 11th, 2017. You couldn't be more wrong about this. Bitcoin is 21st century gold. You are seeing it now. Where's my $50 to $100 an ounce silver you once called?
Funny part is max is actually a big advocate of gold also. He’s been recommending gold since before btc. I think he is right in thinking you should have both.
Duncan P yes he is right. You should have both gold and bitcoin. My point was he doesn’t make that view clear in this debate although he says it everyday in his TH-cam channel. I guess it wouldn’t make a very good debate if he was agreeing with Peter the whole time.
I've heard Peter plenty advocate for foreign stocks, currency and investment funds. His gold sales are for a safe investment, I've never once heard Peter say "invest in gold and you will be rich through appreciation"
I agree, extremely likable...the gold watch, the suit..."the ones that are buying in now are the ones who are going to be the big losers" (29:45)...yes, a very impressive man, extremely likable
@@Mrbullydog66 the internet took 10 years to make sense and another 10 to take over the world. bitcoin has been around for about 10 years...and about to take over the world.
You know you are losing an argument when you cannot control yourself and start shouting and jumping around the stage. He is practically crying up there.
This makes me so bullish for BTC! I"ll be back here soon when we hit $100,000 BTC. Then Later I"ll comment on a future video of yours telling you "This makes me so bullish for BTC! I'll be back here soon when we hit $1,000,000 BTC."
I have a question for you: suppose that gold value was low because it was not used as store of value. How much, then, would it be used in the industry compared to other metals?
Your are asking us to assume human nature and 5000 years of history never happened... tough question to ask. Scarce things that are unhackable are by nature things humans store value in. Grand master works of art, land, precious metals. Your question is a nonstarter with that big IF you start from.
Well mankind has been fascinated with gold and it's scarcity and beauty ever since we came into contact with it. My guess is that gold is a synonym for jewelry, royalty, status etc... so I would say yes, in my opinion it would be worth mining gold even if just for the plutocracy wanting it to adorn it's vaults and palaces. For electronics no. That is why silver has a much bigger upside, because it is becoming as scarce as gold it is considered precious by history and has unlimited demand on electronics... imagine, yes, gold stays precious and I don't know gets to $2k... but then silver because of demand and preciousness closes the ratio to 10:1 or 1:1 tremendous upside... we all know gold does not has that upside unless currencies are decided to be backed by gold which would require it to be valued at $10k according to some estimates... but even if not, it is still woth mining for jewelry and art IMO
Don't like how Max lost his cool, but I get it. I imagine Max goes off because Peter doesn't even understand how Bitcoin works and he feels debating the difference between things that the other person doesn't understand one of those two things turns more into trying to educating on the thing not understood, when they should be discussing the differences between the two.
Keiser really didn't present any sound arguments then and sure as hell doesn't now. He rambled on about nonsense and I think he lost his mind. What type of crowd is he trying to attract acting like that, the comic book crowd?
Peter definitely won this debate even if ppl are laughing at him, his view on crypto is simply realistic. Will I buy some btc to speculate on making some quick buck? ofc yes.. but there is no fundamental value in crypto. Wanna see you celebrating when crypto prices will fall one day, even if it will be 10 years from now, somebody will hodl the hot bag. Thats it.
My two favorite TH-camrs in a debate! I love both Peter Schiff and Max Keiser, keep up the good work! The a enemy of enemy is my friend thus both gold and bitcoin should be embraced! What I really want is a gold backed blockchain!
Hmmmm.... I've never seen max so hyped up in a crazed manner. Most of his interviews are calm and steady. Now I understand why he's a frequent on Alex jones. He's acting like him. Here there's not a civil disagreement, there's one man yelling like a lunatic. Really dilutes any benefits from the conversation.
Bitcoin price the day this happened: $3,630
Bitcoin price the day I'm commenting: $68,577
Remember to come back when bitcoin reaches $1,000,000
Today, the price is $63,477 9-20-2024
$100,000 12/4/24
$103,000 December 15, 2024
@@sk80soarus The price for half and half is still $50.00 (12-15-2024)
Max was like a gospel preacher. Can I get a hallelujah Bitcoin!
Peter Schiff Great presentation. I was disappointed with Max. He should have done his homework on your arguments against bitcoin. I think cryptos are great for speculation if you hit it and quit it. In the long run though, gold will always shine!
Love your podcasts, Peter! It's how I expose my girlfriend to economics. For being a really rich dude, you really are in tune with us average, working stiffs. Without a doubt!
Max was like a comedian who was hosting the Peter Schiff Roast Night. And then he was nice enough to use his last minute to relay a supporting argument for gold. My favorite is when you were trying to lie about getting into Gold Money when it was at its lows. Really? Last time I check EuroPac sold off Schiff Gold last year for 1 million common shares @ $5CDN with ton other under water warrants. Goldmoney has been trading well below 50% of that all of last year, and is now finally inching its way back to $5CDN. I told you can't fudge facts on the internet!
Peter, how can my friend Eulando send his family money in Venezuela with gold? Help Eulando.
I can't believe you're debating this clown. Two very different calibers of intelligence here. You deserve a better debate than this, Peter.
@peter Schiff...You forgot the most important reason why Bitcoin will fail. Article One Section 8, The part that says "Regulate the value there of". This simply means the US government(US Congress) determines what a dollar is and what it's worth, just like the government determines how long a foot is. Taxes have to be paid in order to pay down debt, support the military & the general welfare of the United States. These constitutional guarantees will always be paid with dollars or whatever the US Congress agrees on. And, not to mention, do the Bitcoin people actually believe the average person will take a chance to invest in such a shady system to begin with? I mean, right off the bat, no one even knows who invented it, that's shady and ridiculously creepy, and the fact that it uses blockchain is suppose to make me feel better that no one can trace it yet? I mean what a risk, talk about super shady! Say the government does figure out a way, then what? I should take a risk so that a bunch of greedy nerds can get rich? No thanks, I got bills to pay. The Bitcoin people have gotten so carried away with themselves its ridiculous.
23:47 3 years later and we're up another 1000%
Let me check what gold did in the mean time...
Bitcoin plummeted 50%
Lmao
@@pubgbannedmysmurfs7833 bitcoin rallied over 100%
this aged well
Andreas Antonopoulos vs Peter Schiff!!!!!!!!!!!!!!!!!
You mean Andreas BTC Blockstream vs Adam Schiff
I have never seen Andreas A. debate and there is good reason. You can't compete with him. He fully understands the financial markets and is also a programmer whom understands and relays better than anyone the fundamentals of Bitcoin. That said I also have made the same comment as you.
"I don't have to wear a suit, I'm not selling anything!" -Haha
Marcus Jenssen Hahaha loved that answer
Timestamp?
24:29 *Continues to try to sell the wonderful Bitcoin-story in the loudest most melodramatic way possible to 'anybody with a brain!'.*
32:26 _"I'M NOT SELLING ANYTHING!!!1!!one!"_
@@TheGreatIndoors1979 this comment aged well.
Bitcoins ATH is now over $73,000, Peter still says its not a good investment for anyone.
Peter always a gentleman. Haven't seen Peter in debates in a while, they're always massively entertaining and illuminating!
LOL, bitcoin at 55k and now there is talk about Brazil making it a legal payment method… Peter Shiff is staking his reputation on Bitcoin’s failure and it looks like Peter is losing massively!
28.934,55EUR 15 May 2022
Max's emotionalism gives me thoughts of every progressive liberal agenda out there. Makes it hard to believe anything he says when he simply screams communism, central banks, yadda, yadda, as if Peter is for either of those two things....
What does "progressive liberal agenda" even mean these days. There's so many of them!
Lol and how max and stacy keep personally attacking peter when all peter is trying to do is lay the actual facts on the table to have a real discussion, if any thing just on that basic bullshit point max and stacy keep trying to present in this is that peter is biased when it comes to gold yet peter is actually trying to present valid points for this discussion becuase this actually matters to some people while max and stacy are trying everything in the fuckin book to try and discredit gold and peter.... Yet all they end up doing for thier side is making them look desperate and non factual... Peter was a saint and held fast. hence why i stopped watching max and stacy a year or two into thier beginning show and why i am STILL watching peter schiff to this day even when i dont agree with him atleast hes being himself not a shill.
What the fuck are you talking about fatman? Stacy actually said in the debate that she has some gold with Gold Money, and Max used his last minute to bring up a point in support of gold that Peter failed to bring up. All the Schiff groupies out here are clueless and follow this scheister blindly.
Lol groupies eh? Sounds like i hit a nerve .... So almost an hour and all you have are two not even good points.....after how much screaming and foaming at the mouth by max while not awnsering any other points presented ? Riiiight bud
Yeah groupies, and you hit the "clueless nerve". Yup, I brought up two good points versus the zero points that you've pointed out. The times that Max was yelling was when Peter was trying to talk over him, which he failed miserably and was at times left speechless because he have jack shit to counter it. That's right, clueless groupies like you don't see that.
NO ONE KNOWS where Bit Coin will be tomorrow, next week, next month or next year.
GOLD has been currency and commodity since HOW LONG?
Bitcoin is decdntralized and easy to store
Horse and buggy have been nr 1 in transport for how long? I rather use a car now
Max was kinda funny
That’s the point, we crypto bros loooove the volatility😍
this debate happened EXACTLY when i went all in on bitcoin
hello from 60k
How many Bitcoins do you own now? Hello from 38k
@@BTCNSDAP How is your crypto portfolio looking now?
@@DaDankStrafe down over 50% in the past 6 months, up about 190% overall still
@CaptainEZ I lost it all already in 2018, and again in 2020. It's all or nothing for me. If Bitcoin goes to zero, I don't think this world is even worth living in. Because there's nothing else that'll save it
Peter Schiff seeing this is painful. Talking people out of Bitcoin at 3k 🤔
@republicshallriseagain419 Constantly saying that bitcoin will go to zero is not mostly right, is down right delusional. And anybody listening to this buffoon throughout the years have missed out on life changing wealth.
Max Keiser is annoying.
- TheFinn - cocaine's a hell of a drug. ..
Stay mad bitch, Max is entertainment.
Truth hurts right.
I don't like how he screams, he was clearly right tho
I'll take annoying over stupid
If you want to know why not to waste time on this video, go to 23:00. Great example of what Keiser brings to the debate.
Gee DoubleU BTC is @14k right now (3500 at the time this video was recorded 2 months ago)
Jerma - Compelling argument! XD
@@jersauce1337 yeah and it was $19k and went to $5k too.
We hit 65K, after correction we are in now 30K level. Lol
@@komancikartal yeah we went to 160k a we are going to 50k again
*You deserve a better debate than this, Peter. not this clown*
Yes. Somebody please get @aantonop Andreas Antonopoulos to public debate with Peter Schiff. I am happy to contribute money to see that.
Andreas has stated he isn't interested in a debate. People tried to sign him up for one against Roger Ver earlier this year
Lol oh yeah you mean Peter is the clown
Where's Botcoin now???
Who's the clown???
not this clown who’s up 1000% a year
Peter, are you going to take this video down, when Bitcoin hits 1 million USD?
Do you even know the difference between a store of value vs an investment?
Max spent too much time attacking Peter directly instead of addressing his arguments. I expected a good, reasonable debate and instead I had to lower the volume of my device because Max yelled too loud. Peter reacted very well and kept explaining arguments.
Aged like milk
For Peter...
How’s everybody feel about Max’s vision 3 years later? Pretty damn accurate!!!!
@@Perry0823 30k *
@@Perry0823 deal 🤝 maybe gold reaches 1900 then 🤣🤣🤣 shiny shiny rocks
@@Perry0823 I encourage you to come back when bitcoin hits 0.
@@Perry0823 come back when it hits 1% then.
@@Perry0823 BTC @48K.
Newsflash: Peter Schiff seen rocking back and forward in foetal position 😂
Lol max respect for Peter keeping this up on TH-cam for the rest of history.
Indeed.
Agreed ... well said
It’s going to look pretty good in a few months or years
Gold price to shed $170 as Fed hikes rates next 12 14 2021
gold is steady climbing while bitcoin is a volatile mess losing ppl money
lmao.. bitcoiners so braindead
Revisiting this debate after several years, the meantime in which I've gone from staunch goldbug to solid Bitcoin maxi....and I have to say, I'm really surprised at the weaknesses of Peter's arguments, and shocked that those arguments got over on me back then. Wow, just couldn't see through them....crazy.
Andreas Antonopoulos vs. Peter Schiff please
would love that. likely wouldn't happen though.
Max got 2 BTC for this debate. One of the best decision ever 🤣🤣🤣
Seems like BTC will hit 100k in USD and not in Zimbabwe Dollar.
Jan 2021 this hasn’t aged well for Peter
Give it time. People are just buying bitcoin because they think they price will go up. Nobody really uses it. Its very bubbly behavior
@@muabyt7333 Right, if Bitcoin was a real asset like gold, people would buy it because they think the price will go down. I myself only buy when I think the price will go down.
Lol
ahhhhh.
how more wrong can you be
23:05 annoying!
If you can keep your composure during a debate, please don't debate. Raising your voice doesn't make your argument stronger.
I lasted until the 32:10 mark... maniac attack number 2... I'm done here.
I feel sorry for Peter, this wasn't even an exchange of ideas.
"The reason we can't be on the same page is because you're in a fiction book and I'm in a non-fiction book. You're actually in a comic book." -Peter Schiff
"I own the comic book" - Max Keiser
Max was clowning Peter on this stage. And Peter Schiff was in all 3 books. Fiction: when he was trying to lie about buying into GoldMoney stock when it was lower Non-Fiction: Losing money and losing clients Comic: Max Keiser roasting him on stage.
@islandbee why are you posting so much? you are obviously a convert and cant see both sides of the argument. look at the video, no one showed up to the debate, they knew max was a waste of time. i was actually really interested in finally seeing a bit-believer answer peter's questions....but he couldnt....max had no answer so he started yelling...total cringe fest. max didnt roast anyone...he embarrassed himself, even the lady on the stage was cringing.
No one showed up to the debate? More like nobody showed up to listen to Peter's speech earlier. And are your deaf? People were laughing their asses off when Max was roasting Peter. FYI I also own gold and silver. You and all the other Peter Schiff groupies can't handle the fact that if you listened to him in this last decade, you have lost money. Why are you so salty so much?
We will see in couple of next years or decades, who earn and who lost - nothing lasts forever. If you go out at right moment - you will be winner. Otherwise - good luck.
BTC (data from 2011):
- max profit +9853%
- average profit from last low +1422% (median +216% / 15% of average)
- min profit +69%
- max loss -93%
- average loss from last high -50% (median -35% / 71% of average)
- min loss -27%
- average upward trend time - 186 days (median 80 days)
- average downward trend time - 79 days (median 21 days)
- average profit per day in upward trend +5,14% (median +3,05%)
- average loss per day in downward trend -3,04% (median -1,28%)
- ratio between average profit and loss - 28,72
- ratio between median profit and loss - 6,12
- ratio between average profit and loss per day - 1,69
- ratio between median profit and loss per day - 2,37
- statistical prediction of next low from last high - 8898 USD
GOLD (data from 1970):
- max profit +340%
- average profit from last low +185% (median +159% / 86% of average)
- min profit +46%
- max loss -70%
- average loss from last high -39% (median -34% / 88% of average)
- min loss -20%
- average upward trend time - 954 days (median 609 days) /monthly rounded/
- average downward trend time - 1396 days (median 214 days) /monthly rounded/
- average profit per day in upward trend +0,36% (median +0,24%)
- average loss per day in downward trend -0,21% (median -0,16%)
- ratio between average profit and loss - 4,79
- ratio between median profit and loss - 4,70
- ratio between average profit and loss per day - 1,78
- ratio between median profit and loss per day - 1,49
- statistical prediction of next high from last low - 1939 USD
Do you think that something with such volatility like BTC (+5/-3% per day) can be a "store of value"? I think NOT.
However we can't say much about BTC becouse it has too short history and don't surviving any crash yet - talking about this asset only from 2011 (it starts from 2009) is like saying US stocks are "safe haven".
Javier Valenzuela 6 months later and you are seen like even more of an idiot. Bitcoin best performing asset this year. I love how when Bitcoin goes up you call it a bubble, then when it goes down you call it dead, but then even more stupidly when it recovers and goes back up it’s a bubble 🤦♂️ no other bubbles recover again and again. Tulip and south sea.
3 years on, rampant money printing, Gold price is static for the last 5 months, Stocks are ridiculously over priced and I am looking at a $32k bitcoin price. Great prediction Peter! hahaa
*2 weeks later* 48,000.
@@IMALLITSTOOEASYIBALLITSTOOEASY $50k by mid next week??
Looks like Max is a million times better predictor than Peter!!
$51,300 and counting
@@jram8040 3 weeks ago $32k. Wow. Where next???
"People is going to lose faith if bitcoin goes to $1000"... it went around that ($3000) and now is $50.000
And now 38
And now 30k
And now 35.8k
And now 39k
And now 40.3k lol Gotta love it
We love Peter Schiff, we love Max Keiser, we love Stacy Herbert.
speak for yourself. Schiff is a fool.
@@eruston Wrong. Schiff is good. So is Keiser. We will see it unravel. If Schiff is a fool, so is over half of the world. If you think everyone else is a fool, maybe you're the fool. I support crypto but Schiff isn't a fool.
No, we can’t love everybody. Lol stop it
I'm really looking forward to the collapse of the Bitcoin bubble. These "smart" people are going to have a lot of soul searching to do.
Stack Silverson damn bro, u have no clue. Bitcoin has been crashing and recovering since its inception. and this with a small market cap of 60/70 billion. when it gains mass adoption and it will, you will miss out on the biggest distribution of wealth in history my friend. that’s just the tip of the iceberg. u may never understand it until it’s to late. do yourself a favor and just buy 1 bitcoin or 50 litecoins. just do it.
@@robbycast It ended up collapsing, I'm sure a lot of people lost good amounts of savings :(
Yea if they sold but if they hold patiently they’ll be just fine
just found my soul. it was on the blockchain.
@@robbycast message from the future. You are right the idiot above is not. Bitcon is poisoned to hit 100k AMERICAN dollars and it has been an additional halving since this debate took place
Bitcoin is not Digital Gold Max. Gold is Gold.
If Peter Schiff winds up on the wrong side of history when it is all said and done, at least he will seem like he made a reasonable mistake. If that happens to this Max guy, he'll look like a total lunatic. Well, he sorta already does...
You said it, you can see peter's workings and the rationale he comes from and presents himself as a versed and educated person that is coming from a levelheaded decision... which is more than I can say from the digital jesus zealots like jsnip, cliff high, bix weird and max... I feel their demeanor and argumentation comes from such a dishonest place that they single handedly sent my at even a higher rate into silver and gold.
lol
Peter IS wrong. Max is just being his character and having fun.
Quite amusing you consider that a fun loving character, I guess you love having discussions with 4 year olds
robert20351 - So many people here commenting on what Max is wearing, when this is not a fashion show. It's a debate. A suit and a tie is not going to help you with that. Peter brought that, but no winning argument to the table.
I should have at lest got a little bit into bitcoin.... PMs have been STAGNANT for over 2 years... and it's avtually less liquid than bitcoin because there is NO BUSINESS I know what accepts gold as payment, but you can buy PMs with bitcoin, tesla cars, electronics etc... bitcoin is more money like, than gold is and it has some of the properties of gold... the biggest weakness is that it needs electronics to work.
How do you stay calm Peter? Thumbs up to you!
Samuel Plante because he's the Iceman lol
To my opinion, it was a clear win for Peter, not that I do not agree to some degree with Max, but he acted like College student whining about inequality, and he wasted the time of everyone watching this debate.
Because he has gold and not the bitcoin
WTF is this! I now see why the audio was so low
"The new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it." - Max Planck
19:06 Peter you obviously do not know what you are talking about here. Alt coins are not "better" than Bitcoin. Which alt specifically are you referring too?
Peter sifff is a old school thinker times has changed bro wake up
Say what you want, folks, but MASSIVE respect to Peter Schiff for keeping this up on his channel. Seriously, that - if nothing else - shows a degree of integrity that's incredibly rare today, and - regardless of what has happened with BTC and Gold over the last ten years- the fact he keeps this on his channel, speaks volumes of his integrity. I'm invested in BTC and have been for years - but utmost respect to Peter, if nothing else - than for keeping this up on your channel.
This debate was 2 against 1 & Mr. Schiff still came out on top. Situations like this only show you that most people are going to believe what they want to believe regardless of the facts or evidence & get emotional about it.
I completely understand that sometimes the facts & evidence at hand appear to say one thing while ones gut feelings & intuition may say another but there's no need to get emotional about it or start screaming from the top of your lungs like a child.
Lol
This aged like milk :/
I believed Peter. Time has shown that Max was right.
@@Janet_Yellens_LiquidityI’m not sure if you know the difference between a store of value vs an investment
can you explain..... I bought 1oz of Gold for 1 BTC in 2016, now I need 6oz of Gold to buy 1 BTC!!...??
$40kCAD-Jan 2021
Peter Schiff VS John Macafee now that would be a REAL gold and crypto conversation with people who BOTH understand gold and the technology:D
Fringe characters make for great dialogue
Sadly it'll never happen
Something really off-putting about Max just yelling obnoxiously, which makes people reflexively cheer it on, because it's so bizarre in a debate like this, which makes him and others wrongly think he is making good points. He is spewing pure nonsense that can mostly be reduced to "Bitcoin to the moon everybody!!!". It's pure nonsensical propaganda.
Any points max might have won were lost with yelling. This guy is the TYT of financial advice.
White Privilege I had to stop watching for this exact reason.
Wow amazing metaphor the Cenk of financial advice... your earned a sandwich my good man!
worse than Jim Cramer lol
31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.
Max is the last person Satoshi Nakamoto would ask to create bitcoin/blockchain awareness for new investors.
Max represents the mania well.
He understands bitcoin, Peter doesn't
@@mayamaya-kn8mk"understands" lmao snakeoil salesmen and their doofus lackeys are so funny
@@mayamaya-kn8mkyou don’t understand what a store of value vs an investment is.
Peter Schiff is right there are only a few precious metals in existence but there could be unlimited number of digital currencies diluting the price of each individual one.I have zero doubt that the crazy move in BTC price is just another instance of irrational exuberance and it will end badly.
What say you now?
Doesn’t matter the market will only ever pick a few to be popular
Network effects will force the adoption of basically only one.
TH-cam vs their next biggest competitors
Facebook vs their next biggest competitors
Google vs their next biggest competitors
Twitter vs their next biggest competitors
These are all networks. People often can't even name their next biggest competitors, because they are totally irrelevant. Network effects draw people to invest in one, then to save their investment, they rebut competitors.
irrelevant
Lol, evole, adapt, and stack sats.
This didn't age well, huh? 😂
Peter Schiff you are the best.
When people say the bitcoin price is high...well it really isn’t. The marketcap is under 200 billion. We don’t price gold in 12.4 Kilogram bars. I think the market needs to make a shift to showing Satoshi price as well.
Omg...watching in 2020 :D I will never ever not love that rage out from Max
nice profile pic
I'd really like to know what number Peter btc needs to get to, to admit he's wrong.
He said it'll go to $100k.
He said buying at $5000 is going to be a loss.
He had either lots of Bitcoin or a micropenis 😁
If something is described as the "new gold," is the author not admitting to the superiority of gold by using it as a metaphor for a standard of quality?
Look at that Nexus sht coin logo behind. That was scam and there it is behind Max Keiser...
It's sad how Max acted. Could have been a good discussion but he ruined it.
Data is money. Gold is money. It boils down to Security + Utility. So the question becomes, 1) which can be most secured? 2) which has the greatest ease of use and transferability?
I see Bitcoin as Gold and the rest of the coins are like steel, copper etc. Similar but not the same.
Peter schiff, i am the ghost of crypto past. how are you doing today?
Max lost his cool. Peter is cool as a cucumber
Peter Schiff is cool as my farts.
yes because that arrogance never waivers or even considers an alternative argument.
Losing your cool doesn't mean you lost. Sometimes people get upset when others aren't listening. Stubborn people never concede and that is frustrating.
maya maya he’s stubborn because he’s correct.
@@andrewp146 I like schiff but hes wrong about bitcoin. He sells gold so he has to do what he can to undermine bitcoin. Hes right about most everything else though
Watch from 27:20. Max predicted 100k for BTC. Only 7 years later it reached its target. Bitcoin was then only a few thousands dollars worth.
Much respect to Peter for going to the event in spite of knowing he'll be attacked by a pack of crypto-wolves. Could have been a good discussion, but Max had to make it into a shitshow lol. He thinks his audience is not capable of listening to technical stuff without there being a show to keep attention. Newsflash Max - your listeners are not a bunch of 9 year-olds.
The crowd seemed pretty entertained and supportive of Max. And he did bring up valid points that Peter Schiff couldn't refute with facts. His response: "NO IT'S NOT!"
31:27 is one of the examples where Max throws an undeniable objective fact at Schiff and he completely dismisses it without any sensible argument. Schiff just doesn't understand technology.
@@Illidanek are you kidding me? Oh ok your one of those guys that take yelling and approving as a irrefutable fact.
25:48 Max is on point here... just because you were right about the housing bubble does not mean you are correct about a Bitcoin bubble. 10 Billion in Wall-Street money is sitting sidelined waiting to enter the space on Monday, Dec 11th, 2017. You couldn't be more wrong about this. Bitcoin is 21st century gold. You are seeing it now. Where's my $50 to $100 an ounce silver you once called?
Funny part is max is actually a big advocate of gold also. He’s been recommending gold since before btc. I think he is right in thinking you should have both.
Duncan P yes he is right. You should have both gold and bitcoin. My point was he doesn’t make that view clear in this debate although he says it everyday in his TH-cam channel. I guess it wouldn’t make a very good debate if he was agreeing with Peter the whole time.
@@goldenbanjo197 and stocks, bonds, silver and land if you have the money. Diversify, diversify, diversify.
I've heard Peter plenty advocate for foreign stocks, currency and investment funds. His gold sales are for a safe investment, I've never once heard Peter say "invest in gold and you will be rich through appreciation"
I lasted until 24:53 with Kaiser screeching like a maniac.
the fuck
Basically when Max ripped Peter to shreds when he tried to lie about buying into Goldmoney at the lows.
aahh.... ya missed the fistfight
Same. This was fucking hard to watch. Max's ridiculous behavior just proves Pete right about the Bitcoin mania.
I lasted until the 32:10 mark... maniac attack number 2... I'm done here.
Who else is watching in April 2021?
Peter is more likeable, but Max was correct. It’s interesting.
I agree, extremely likable...the gold watch, the suit..."the ones that are buying in now are the ones who are going to be the big losers" (29:45)...yes, a very impressive man, extremely likable
21st Century Battle: Digital Gold Money vs Cryptocurrency.
2VNews Cryptos win
Even though bitcoin just hit 50k peter schiff makes them look like they have no idea what they are talking about.
I remember when Max was this passionate about silver. Wonder what he will move onto after bitcoin is stagnant for 10 years (if it lasts that long).
Facepalm
what u saying now mate. bitcoin is at $50k you muuuuggg
@@coltuppal 10 years ain't up yet pant sniffer. ;)
@@Mrbullydog66 the internet took 10 years to make sense and another 10 to take over the world. bitcoin has been around for about 10 years...and about to take over the world.
@@coltuppal lol 17k
lol. where is gold now vs Bitcoin
"It's going up 100k in Zimbabwe dollars." Thug Life
😄
Both are stupid haha should have bought bitcoin 🤦🏽♂️
Still 'Thuging' in 2021? haha
its 50k us dollars today you mug
Your clients buy a peace of paper, not gold!
You know you are losing an argument when you cannot control yourself and start shouting and jumping around the stage.
He is practically crying up there.
Is he losing the argument though? :-) I know your comment is in 2017 and mine's in 2020. :P
@@DarkJDL indeed, he is making a fool of himself
This makes me so bullish for BTC! I"ll be back here soon when we hit $100,000 BTC. Then Later I"ll comment on a future video of yours telling you "This makes me so bullish for BTC! I'll be back here soon when we hit $1,000,000 BTC."
Peter Schiff got grilled so hard in this debate, I'm surprised he uploaded this to his channel.
That kaiser why he needs to shout? wtf. Grow up.
AND HERE WE ARE!!!!!!! Nov/11th/2019 Gold and Fiat currency losing value and Bitcoins is more profitable!
wait until after the pandemic smart ass
Wait till the governments pops the bubble. 7 years of history vs 5000.
Almost at 100k BTC as Max said, and not in Zimbabwe dollars as Peter suggested!
$51,000 today! 🏆
58,000 today ...
17,000
I have a question for you: suppose that gold value was low because it was not used as store of value. How much, then, would it be used in the industry compared to other metals?
Your are asking us to assume human nature and 5000 years of history never happened... tough question to ask. Scarce things that are unhackable are by nature things humans store value in. Grand master works of art, land, precious metals. Your question is a nonstarter with that big IF you start from.
My question is, would it be really worth mining gold for electronics, for instance, or jewelery?
Well mankind has been fascinated with gold and it's scarcity and beauty ever since we came into contact with it. My guess is that gold is a synonym for jewelry, royalty, status etc... so I would say yes, in my opinion it would be worth mining gold even if just for the plutocracy wanting it to adorn it's vaults and palaces. For electronics no. That is why silver has a much bigger upside, because it is becoming as scarce as gold it is considered precious by history and has unlimited demand on electronics... imagine, yes, gold stays precious and I don't know gets to $2k... but then silver because of demand and preciousness closes the ratio to 10:1 or 1:1 tremendous upside... we all know gold does not has that upside unless currencies are decided to be backed by gold which would require it to be valued at $10k according to some estimates... but even if not, it is still woth mining for jewelry and art IMO
26:48 They would have been up 50x had they held on.
Wanna here a funny joke with no punchline? When this debate came out I was a follower of Peter Schiffs advise. Hahahaha
Why does Max just keep yelling things instead of arguing an actual point?
Because he's living in his world where this is the only single thing possible.
His live is only crypto without that he is at 0
Why not BUY BOTH
Max is a clown.
Even if you see value in cryptos, you'd be a fool to not think precious metals have a place.
why is this guy yelling?
for Max that is normal behavior
Boy this didn’t age well
Or it aged like a fine wine depending on how you look at it lol.
$3000 BTC at the time of this video. I wish I could get some for that today.
Don't like how Max lost his cool, but I get it. I imagine Max goes off because Peter doesn't even understand how Bitcoin works and he feels debating the difference between things that the other person doesn't understand one of those two things turns more into trying to educating on the thing not understood, when they should be discussing the differences between the two.
dont worry itll be less than 3k in no time
@@Of-AgeConsentingNon-Related If only 🙏
Keiser really didn't present any sound arguments then and sure as hell doesn't now. He rambled on about nonsense and I think he lost his mind. What type of crowd is he trying to attract acting like that, the comic book crowd?
This'll be good material for the next Peter Schiff Was Right
It really is.
So far every single Schiff Bitcoin prediction has been wrong
$40kCAD/BTC - JAN 2021
Peter definitely won this debate even if ppl are laughing at him, his view on crypto is simply realistic. Will I buy some btc to speculate on making some quick buck? ofc yes.. but there is no fundamental value in crypto. Wanna see you celebrating when crypto prices will fall one day, even if it will be 10 years from now, somebody will hodl the hot bag. Thats it.
peter has been proven wrong repeatedly
Lol what was the price of gold at the time of video? And now? Btc is up 10x trading at 40k already even with a 50% retracement
@@Pm__98768 Thats not a argument for anything..
@@Hn-gz5iw I mean only if your don't want to make gains. Which is why we're here. Am I wrong?
@@Pm__98768 Past performerance is not a guarantee for future success, otherwise those IT investors in 1999 would be all billionaires today.
Somebody please get @aantonop Andreas Antonopoulos to public debate with Peter Schiff. I am happy to contribute money to see that.
same
Kaiser convinced me to stay out of bitcoins 🙏
He convinced me 8years ago, I'm financially free now 🙏🏻
Everything about this is wonderful!
Hmm...$52,000.00 now
My two favorite TH-camrs in a debate! I love both Peter Schiff and Max Keiser, keep up the good work! The a enemy of enemy is my friend thus both gold and bitcoin should be embraced!
What I really want is a gold backed blockchain!
Bitcoin is a scam. So are paper/electronic contracts for metals. Physical is not.
Why put a video out when the guests don't speak into microphone. Can't hear it.
Hmmmm.... I've never seen max so hyped up in a crazed manner. Most of his interviews are calm and steady. Now I understand why he's a frequent on Alex jones. He's acting like him. Here there's not a civil disagreement, there's one man yelling like a lunatic. Really dilutes any benefits from the conversation.
24:40 "Let me in your country" button
32:25 "Dad must have been on drugs..." button
thanks for that :) ... oh and $40kCAD-Jan 2021. congrats ;)