Peter Schiff Just Lost His Bitcoin Life Savings

[Warlord]

https://twitter.com/PeterSchiff/status/1218911797626847234

LESSON: Stick to gold.

 

[Origanalist]

It doesn't sound like Twitter is buying this story.

 

[angelatc]

He is not a BTC fan at all, so I am sort of surprised that he has BTC.

 

[Schifference]

Crash is coming. Gold to the moon!!

 

[jkr]

we got hit last weekend...hacked wifes phone and transacted an account THAT HAD NOT BEEN VERIFIED, SHE HAD ZERO CONTROL WE COULDNT MOVE IT IF WE WANTED TO


poof

bye


ben swann
pete schiff
jkr

YOU
COULD BE NEXT!

 

[RonZeplin]

Fake Trade Deal, real globalist USMCA aka NAFTA 2.0.

 

[juleswin]

Fake Trade Deal, real globalist USMCA aka NAFTA 2.0.

Rand voted for it, so you know .........

 

[Warlord]

https://twitter.com/PeterSchiff/status/1218931701730013184

Any comment [MENTION=36896]timosman[/MENTION]?

 

[Warlord]

Bitcoin IS very risky. When i owned some like 9 years ago (when it was $8!!!) I used online wallets to store them. However they disappeared over time and so its not much of a good idea. i cashed them out before they went down so I guess I got lucky.

 

[timosman]

Any comment [MENTION=36896]timosman[/MENTION]?

Buy silver!

 

[RonZeplin]

Buy silver!

This ^^^^^

 

[Danke]

Buy silver!

Just don't let Oyarde know if you do.

 

[Warlord]

Gold has performed well better than silver and will do in the near term so buy gold instead

 

[kpitcher]

Bitcoin IS very risky. When i owned some like 9 years ago (when it was $8!!!) I used online wallets to store them. However they disappeared over time and so its not much of a good idea. i cashed them out before they went down so I guess I got lucky.

I hate to blame the victim but Schiff was an idiot to not have a backup. Of course there are a variety of services that may be able to recover a corrupted wallet. Also Warlord trusting unknown people to store something of value for you was risky behavior. Very easily you could have controlled your own bitcoin in your own wallet and had lots of backups. You can even print out a paper wallet, send to that, store copies of that in a safety deposit, engrave it in metal, lots of ways to ensure you don't have just one copy of your Bitcoin.

Crypto gives the usre control of their assets. It is very easy to back it up, just don't forget your passwords. If you leave it in the care of someone else then you had better be sure you can trust it in their care.

 

[kamui]

Bitcoin now is not so stable.