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Topic: [2014-01-06] BYRON WIEN: Bitcoin Will Collapse In 2014 (Read 1488 times)

donator
Activity: 784
Merit: 1000
Quote
"In 2½ years the price of a Bitcoin has increased from $25 to $975,"

How can he predict anything if he even doesn't know facts from the past. His mind is just living in alternate universe. And his next prediction will be something about aliens invading Earth in 2016.

legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952

you were really a cryptanalyst in 1952?  very interesting, maybe someday you could share some stories with us.

Heh - the picture in my avatar is of Alan Turing, a hero of mine. The queen of England pardoned him the other day, by the way.
I imagine the pardon said something like "Sorry about the castration thing. Too bad it drove you to suicide.
Oh, and thanks for cracking the Nazi communication code so we could win the war.
Come to think of it, thanks to you and von Neumann for inventing computers - they came in handy too."

That's that then.

As for me, I got my first programming job 47 years ago. Nothing has changed. Everything has changed. Whatever.       Smiley
member
Activity: 76
Merit: 10
...and the BitcoinKid
Does ANYONE over the age of 70 not think bitcoin is going crash

Yes, actually. I don't think BTC will crash or I wouldn't have been mining it the last couple of years. (I'm on the wrong side of 70).
Ageism is an unworthy argument - find another, such as vested interest.

you were really a cryptanalyst in 1952?  very interesting, maybe someday you could share some stories with us.
legendary
Activity: 3752
Merit: 1217
Did he predicted in 2012 end that Bitcoin will touch $1,000 ? If yes, then I will consider his current arguments. If not, then I'll tell him to GTFO.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Talking the price down. The realisation has hit the financial industry: get a piece of cryptocurrency action or die slowly. This sort of thing only goes to show what a scheming bunch of sociopaths these type of people really are.

I hope they all realise that there's almost no financial industry left once cryptocurrency becomes the norm. It may take a while, but in principle, these people are mostly dead wood.

True enough although that brings up our whole is Bitcoin evil and a currency destroyer thread whistle (Moral Tax obligations etc)
(Well that is an old thread thinking back on it)
hero member
Activity: 602
Merit: 500
My grandpa doesn't think Bitcoin is going to crash and he's 98. He understands it's a paradigm shift.
very smart , your grandpa !
hero member
Activity: 602
Merit: 500
That is a great link.  It looked like he was 10 for 10 in 2013 - WRONG that is.  Bodes well for bitcoin in 2014!  He must be a great contrarian indicator now.
Quote
to predict the future is difficult especially when the future is the subject
donator
Activity: 544
Merit: 500
Does ANYONE over the age of 70 not think bitcoin is going crash (Wein, Greenspan, Gary North).  They don't get it, and they never will.  Wein's predictions for 2013 were also bad.
My grandpa doesn't think Bitcoin is going to crash and he's 98. He understands it's a paradigm shift.
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
Does ANYONE over the age of 70 not think bitcoin is going crash

Yes, actually. I don't think BTC will crash or I wouldn't have been mining it the last couple of years. (I'm on the wrong side of 70).
Ageism is an unworthy argument - find another, such as vested interest.
hero member
Activity: 728
Merit: 500
If his predictions for 2013 are any indication, that means it's to the moon with Bitcoin in 2014.
legendary
Activity: 4214
Merit: 1313

That is a great link.  It looked like he was 10 for 10 in 2013 - WRONG that is.  Bodes well for bitcoin in 2014!  He must be a great contrarian indicator now.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
I'm feeling a correlation between Bitcoin announcements and the discussion of tulips.
member
Activity: 125
Merit: 10
Just another Nostradamus wannabe.
member
Activity: 97
Merit: 10
Does ANYONE over the age of 70 not think bitcoin is going crash (Wein, Greenspan, Gary North).  They don't get it, and they never will.  Wein's predictions for 2013 were also bad.
legendary
Activity: 3430
Merit: 3080
Talking the price down. The realisation has hit the financial industry: get a piece of cryptocurrency action or die slowly. This sort of thing only goes to show what a scheming bunch of sociopaths these type of people really are.

I hope they all realise that there's almost no financial industry left once cryptocurrency becomes the norm. It may take a while, but in principle, these people are mostly dead wood.
member
Activity: 70
Merit: 10
BYRON WIEN: Bitcoin Will Collapse In 2014
http://kculshare.com/2014/01/byron-wien-bitcoin-will-collapse-in-2014

This is so stupid as if he's right then he's more famous and if he's wrong then no one really cares. What does he base this on? If he's basing it on history then he's wrong because this is a different era not the infamous tulip collapse. If one knows the future based on history then what's fun to live? History can only give so much information as a caution and this is why history teachers/professors can only make so much as they are the ones who know a bit more.

What do you think? 
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