RE: Peter Schiff says "owning Bitcoin was a bad idea"

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Peter Schiff says "owning Bitcoin was a bad idea"

He either simply forgot his wallet password, or his wallet got hacked. Now I somewhat understand his saying. He is so upset about it, and I understand that. Especially, if he invested thousands of dollars into Bitcoin. But owning Bitcoin was/is still not a bad idea in my opinion. Probably forgetting his password and not having any means (for example a piece of paper in a safe place) to recover it was a bad idea. Or probably he just entered the password on other (on not his own) computers, and someone else received (or even saw) the password. This latter thing (someone see your password) can happen even with your computer. Keyloggers, for example. Or simply someone sat/stand behind him, and physically saw what he typed on his keyboard. Either way, he should have been more careful in terms of security. If he really thinks that owning Bitcoin was a bad idea, then I wish that I would have made that "bad idea" (buy or somehow get some Bitcoin) a few years ago. Now, my investment would probably be still in profit.



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the thing is (and i am not even sure about this) I think that someone GAVE him the BTC just because he was such a strong opponent of it. I'm not going to bother digging into it. He hated BTC from the start and well, at least he sticks to his original thoughts.

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