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Topic: and what do you think about this now? (Bitcoin Will Crash To $10 By Mid-2014 ) (Read 3673 times)

sr. member
Activity: 406
Merit: 250
It is true,
Bitcoin 100% go to 10 usd.

That sperm was a real waste. Trying to manipulate people only that you can get cheap coins...

No, I not want buy any bitcoin,  and not want to pay nor 1 usd for all bitcoins.
legendary
Activity: 2186
Merit: 1213
It is true,
Bitcoin 100% go to 10 usd.

That sperm was a real waste. Trying to manipulate people only that you can get cheap coins...
sr. member
Activity: 406
Merit: 250
It is true,
Bitcoin 100% go to 10 usd.
hero member
Activity: 546
Merit: 500
hm
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers  Grin

You sold everything for $750 apiece? I believe that you are making a mistake. Be around here. I'd like to have a chat with you after 2-3 months.  Grin

So, have the talk!
legendary
Activity: 1176
Merit: 1010
Borsche
Bitcoin is a fog, you give real money for fog, I can not believe LOL.

I would very much like to know what you consider real money. Not trolling, just curious.

are you interested in opinions of every dumb troll on this board? I warn you, there are many Smiley Don't feed them. That "igorr" goes straight to ignore list, this one obviously is a btc-e trollbox escapee.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers  Grin

You sold everything for $750 apiece? I believe that you are making a mistake. Be around here. I'd like to have a chat with you after 2-3 months.  Grin

:sarcasm: :sarcasm: :sarcasm:

Though to be honest, I'm pretty confident that if I'd sold all at that I would buy it cheaper.
legendary
Activity: 1512
Merit: 1000
@theshmadz
Bitcoin is a fog, you give real money for fog, I can not believe LOL.

I would very much like to know what you consider real money. Not trolling, just curious.
sr. member
Activity: 406
Merit: 250
Bitcoin is a fog, you give real money for fog, I can not believe LOL.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
legendary
Activity: 1512
Merit: 1000
@theshmadz
I think the chances of this professor being right are much higher than most others might think.

Please consider his conclusion in the final paragraph of his "essay", this part in particular.

Quote
I predict that Bitcoin will trade for under $10 a share by the first half of 2014,

Once you realize that by mid 2014 a "share" of bitcoin will be considered 0.001 BTC a.k.a. a millibit, then you will see that the professor's predictions have at least a 50-50 chance of being correct.

 Tongue

(*Also, considering that bitcoin crashes up, the comment that bitcoin could crash up to $10 per mBTC by the middle of next year might not be so preposterous.*)
legendary
Activity: 3808
Merit: 1219
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers  Grin

You sold everything for $750 apiece? I believe that you are making a mistake. Be around here. I'd like to have a chat with you after 2-3 months.  Grin
legendary
Activity: 2268
Merit: 1278
Yes, actually. The problem with expertise is a too narrow focus. Understanding bitcoin requires a bit more than just a formal education.
sr. member
Activity: 350
Merit: 253
Yeah, what does he know, he's only a professional commodities traders with decades of experience handling millions of dollars worth of assets.

The "real" experts are the guys here who spend hours every day on this forum and the BTC-E trollbox.  Smiley

He could be right, I honestly don't expect it to fall that hard next year given that it seems that interest is still growing quite well, but even if it does, I'm prepared. Bring it on.
sr. member
Activity: 308
Merit: 251
Giga
this article seems to creep up at every corner in every forum lol
legendary
Activity: 1176
Merit: 1010
Borsche
Here is article where a professor (Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management ) has predicted that Bitcoin price will crash to $10 by mid-2014?

http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12?IR=T#ixzz2np1O4HvS

This guy is just upset he doesn't understand it.  ;-)

I think he perfectly understands it and he is using his "position" to manipulate others.
It has been already used in the past and it has worked flawlessly

Yeah right now a multibillion market would move at a whim of a mad professor's blabbering Smiley He might have as well been a troll on this forum, same effect on the price, i.e. none to exactly opposite.

Saying it's impossible for Bitcoin to go to $10 is naive, anything is possible.

Oh? Heard of probabilities much? The crazy professor in the article is stating that it certainly will reach 10, implying 100% certainty, while in fact, the probability of such event is somewhere in the range of 0-1%.
newbie
Activity: 42
Merit: 0
Here is article where a professor (Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management ) has predicted that Bitcoin price will crash to $10 by mid-2014?

http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12?IR=T#ixzz2np1O4HvS

This guy is just upset he doesn't understand it.  ;-)

I think he perfectly understands it and he is using his "position" to manipulate others.
It has been already used in the past and it has worked flawlessly
legendary
Activity: 2097
Merit: 1071
Saying it's impossible for Bitcoin to go to $10 is naive, anything is possible.
sr. member
Activity: 280
Merit: 250
This is entirely probable based on technical analysis alone, but not that quickly. Maybe in two years

Any price can be justified with TA.  Got anything specific or is this another magic 8 ball call?
legendary
Activity: 2268
Merit: 1278
The problem with "experts" is that they know nothing outside their field. Understanding bitcoin requires a bit of economy, politics, psychology and a few other things which I am too drunk to properly identify at the moment. Their loss.
hero member
Activity: 515
Merit: 519
I would be happy to buy a lot of them at 10$ ! Wink
legendary
Activity: 2772
Merit: 1028
Duelbits.com
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers  Grin
full member
Activity: 182
Merit: 100
It would be more probable to speculate that oil will drop to $10 a barrel next year. At least there is the potential new arctic oil incoming.

lol.... The cost of Arctic drilling is expected to be well over $100 a barrel.

There you go, that's how probable it is.
hero member
Activity: 658
Merit: 500
Small Red and Bad
Everything can become obsolete in time . Someday people probably won't be using wired internet at all, so all these cable companies will have to move on. Same thing with car  engines - we will have to switch to electric, methane or alcohol because oil is expensive and produces fumes. BTC may crash but only if something better comes out and if that happens we should have enough time to switch.
donator
Activity: 853
Merit: 1000
This is entirely probable based on technical analysis alone, but not that quickly. Maybe in two years
full member
Activity: 168
Merit: 100
Yup, I see it being stable anywhere between $300-500 until there's another bubble.

And as adoption and mainstreaming will make leaps in 2014, I don't think it'll crash too hard. Most definitely not to $10.
legendary
Activity: 3808
Merit: 1219
It would be more probable to speculate that oil will drop to $10 a barrel next year. At least there is the potential new arctic oil incoming.

lol.... The cost of Arctic drilling is expected to be well over $100 a barrel.

Back to the topic, BTC might dip to $300-350 levels, that is the levels before the China boom. I don't see any possibility of it declining further.
legendary
Activity: 4284
Merit: 1316
Here is article where a professor (Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management ) has predicted that Bitcoin price will crash to $10 by mid-2014?

http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12?IR=T#ixzz2np1O4HvS

This guy is just upset he doesn't understand it.  ;-)

This has a discussion about the article too:
https://bitcointalksearch.org/topic/i-love-these-guys-we-gotta-re-visit-this-in-2014-they-even-have-graphs-390126

There was a discussion about it, it wasn't this article, but it refers to the same prediction:
https://bitcointalksearch.org/topic/bitcoin-will-plummet-to-10-by-first-half-of-2014-378368
full member
Activity: 182
Merit: 100
It would be more probable to speculate that oil will drop to $10 a barrel next year. At least there is the potential new arctic oil incoming.
full member
Activity: 181
Merit: 100
Better don't say if you don't know!
Here is article where a professor (Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management ) has predicted that Bitcoin price will crash to $10 by mid-2014?

http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12?IR=T#ixzz2np1O4HvS
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