- Peter Schiff took another jibe at the king of Cryptoverse when the crypto community bashed Peter for losing the password of his Bitcoin wallet.
- Peter Schiff slammed his trolls for making fun of his confusion over pin and password.
- Peter Schiff replied his tweet saying his claims are nonsense and gold can’t be digital comparing a digital house with a real home.
The Notorious Bitcoin skeptic Peter Schiff took another jibe at the king of Cryptoverse when the crypto community bashed Peter for losing the password of his Bitcoin wallet and slamming Bitcoin for his own mistake. Peter could not resist and had to comment on Twitter.
A lot of people are making fun of me for confusing my pin with my password. I made a mistake and it cost me my #Bitcoin. But confusing Bitcoin for money is a much larger mistake and those who are making it will lose far more than I did!— Peter Schiff (@PeterSchiff) January 23, 2020
Peter Schiff slammed his trolls for making fun of his confusion over pin and password. He said that he made a mistake, which cost him his Bitcoin’s, but people who are choosing Bitcoin over money are making a more significant mistake, and it will cost them more.
Another controversial statement on Bitcoin did not go down well with the Twitterati, and Crypto twitter comes out in support of Bitcoin.
The Famous Bitcoin advocate and Co-founder at Morgan Creek Digital, Anthony pompalino, replied to Peter that, as per data, Bitcoin was the best performing asset of the decade. However, Peter’s analysis might not agree with the data.
Bitcoin was the best performing asset over the last decade.— Pomp ? (@APompliano) January 23, 2020
Not sure if the data agrees with your analysis, Peter.
On which Peter replied that the price of Bitcoin has nothing to do with his claim. The surge in price does not qualify bitcoin to replace the money. He further added that people who are trading Bitcoin would make a profit out of it, but people who are holding Bitcoin will undoubtedly suffer loss.
The fact that the price of Bitcoin went up in the past does not qualify Bitcoin as being money and it has nothing to do with my analysis. I concede that many people who bought Bitcoin in the past and sell it now will profit. But those who buy it now and hold will suffer a loss.— Peter Schiff (@PeterSchiff) January 23, 2020
Another twitter user, BitcoinBoss22 with username @DankCoiner22, Who mockingly said that Peter you’re right, Bitcoin is not money, its digital gold, and a store of value.
Peter Schiff replied his tweet saying his claims are nonsense and gold can’t be digital comparing a digital house with a real home. He further added that Bitcoin couldn’t be a store of value as it doesn’t have any value; it can’t be valuable.
you are correct its not just money , it is Digital gold as well and store of value as well!— BitcoinBoss22 (@DankCoiner22) January 23, 2020
His tweet attracts a lot of negative remarks from the crypto community, and the whole crypto-peter Schiff saga started all again.
How Peter Schiff Lost His Bitcoins
On Jan 19, Peter tweeted that his wallet got corrupted. He lost access to his Bitcoin wallet, and his password is no longer valid, and he added that his Bitcoin holding is now worthless, and it has no value, owing Bitcoin was a terrible idea.
I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad! pic.twitter.com/6SJvDJOZU6— Peter Schiff (@PeterSchiff) January 19, 2020
The statement by peter Schiff went viral while crypto leaders came to the rescue and offered their help in gaining access to the wallet, and many bashed Peter for his stunt to create FUD against Bitcoin.
My #Bitcoin mystery is solved. I mistook my pin for my password. When Blockchain updated their app I got logged out. I tired logging back in using my pin, which was the only "password" I had ever known or used. I also never had a copy of my seed phrase. Honest but costly mistake!— Peter Schiff (@PeterSchiff) January 23, 2020
Hours ago, Peter posted another tweet saying that it he mistook ‘pin’ of wallet as it’s ‘password’ and after the update of blockchain he logged out of app and which logging back he used his pin instead of password and therefore it was ‘no longer valid,’ He called it a Costly Mistake.