‘Gold Bug’ Peter Schiff’s Company Now Accepts Bitcoin Cash

in #crypto8 years ago

‘Gold Bug’ Peter Schiff’s Company Now Accepts Bitcoin Cash

"This week the bitcoin cash community was surprised to hear that the infamous ‘gold bug’ Peter Schiff is now accepting bitcoin cash, joining a number of precious metals businesses that accept BCH. Also Read: Study: 70% of Crypto Exchanges Allow Wea..."

Read more: news.bitcoin.com

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For future viewers: price of bitcoin at the moment of posting is 8539.10USD

So much news around everything and so many contradictory positions being taken. this is what happens when no one is precisely sure about how to approach something new. The quicker we move to stability the more we can really understand what all of these moves mean. I think for now these guys will take any liquid currency that offers them an ability to sell their products.

However if liquidity of a particular currency becomes an issue they will retreat their positions. In other words they are currency platform agnostic and have no love for the industry. We need real advocates who will be with the business model and products through the ups and downs and thick and thins.

Part of being able to make their input helpful though is we have to get the speculators out and this will be hard as long as there is so much volatility which brings these electronic trading platforms that can manipulate the market. I think time will sort this all out, but until then, the roller coaster ride will continue unfortunately. thanks for this article and your insight.

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