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RE: Why are Ignorant people Calling Steem & Bitcoin A Ponzi Scheme
@charles1 If Peter Schiff wasn't busy pushing various companies and his own agenda he could maybe take the time to understand cryptocurrencies. However, I think that he knows more than what people think, but there is no way for him monetize and benefit directly from crypto (referral wise) whereas if he promotes his own programs and deals he directly benefits via agreements in place with specific companies that he promotes or as an affiliate.
Very good point. Most referals junkies dont care to promote steemit too haha ..conflict of interest in action. Thanks
@charles1 yeah it is too much for them to comment or to write a simple blog post. Oh well!!
Yes I agree. Good point indeed.
@charles1 Yeah it is not that these people do not believe in crypto as I'm sure a lot of them do it is just that in public they cannot say so else that would not be the most profitable thing for their own business. Heck who knows behind closed doors they may even own some crypto (Bitcoin).
Haha, they might even own thousands of bitcoin and ETH good point
@charles1 yeah I believe that a lot of public professionals say one thing in public and do another in private. We have to remember what these people have been promoting for years, so if everyone moves from gold to crypto there goes his business or business interests.
Great point indeed I agree. We have to ignore them and proceed. Which direction do you think that Eterium is going? guess that you are in for a long hold
@charles1 I got out of my ETH position with most of my money at $405.00 then at about $375.00 I did the rest of it when I saw that it was consolidating and was not going to reach the $400.00 level again.
Right now I'm just taking a break from crypto and sitting on the sidelines, so besides my holdings in STEEM, Litecoin, and ICONOMI I'm not doing too much in this space at the moment. However, I'm in this for the long haul.