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Ace1000ks1975
Peter Schiff
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Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "Bitcoin vs. Gold" video.
Peter Schiff got it right. Mt. Gox collapsed around Feb 28th 2014. Bitcoin is a pyramid scheme. The people who got in it early are manipulating it, because they own the majority of the bitcoins. In addition, the quantity of bitcoins are limited, so the people who come in later get trapped. The people who come in later take big risks, for something that is intrinsically worthless. It a pyramid scheme and the people who got in early make all the money. You have a network of insiders, like the people who created it, the people who hoarded it early knowing the value will go up in the future due to manipulation+propaganda, & the people who promote it. It is a conspiracy. Max Keiser promoted this bullshit, like he promoted buy silver and crash JP Morgan. He promoting bitcoins, because he is pumping it to dump it. Don't be a fool holding the bag.
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