Yep, he's completely right.
Now all you sheep go out and Sell Sell Sell, so the price drops and I can Buy Buy Buy.
Baaaaaaaaaaa
Topic: Bitcoin will collapse in 2014 (Read 1288 times)
i bet Bitcoin will increase more in 2014
This guy recently has a 25 percent hit rate. And I doubt he even knows what BTC really is.
Bitcoin has proven to be more resilient than almost any other investment or stock. If news like silk road, and other illegal businesses were to break about many fortune 500 companies, it would crush them. The fact that it has such overwhelming consumer support around the world, would prevent it from collapsing. Don't get me wrong, I see quite a bit more bad news, steep drops, and panic sells occurring in 2014, but I also see all of these drops followed by recoveries, just like we have seen in the past.
I think the only thing that would cripple bitcoin, would be if many governments came forward and outlawed all online currencies altogether. Like for instance, if governments handle bitcoin how the United States Government handled online poker...it would really hurt the chances for mainstream adoption.
I think the only thing that would cripple bitcoin, would be if many governments came forward and outlawed all online currencies altogether. Like for instance, if governments handle bitcoin how the United States Government handled online poker...it would really hurt the chances for mainstream adoption.
Seems to me this guy just another gold bug like Peter Schiff, that is pissed off the bag of gold he is holding is going down in value while bitcoin is going up in value.
He is just spreading FUD and is doing a really poor job at it, I might add, for example his point that bitcoin is "bad" because it is being used on the black market to buy illegal goods, is nonsense, FIAT is being used for the same thing. Infact bitcoin being used on black market darkweb sites is actually a good thing for bitcoins value, because it guarantees a demand for bitcoin, if you wanna buy weed on the internet you need to get a hold of bitcoin first. It's that simple
He is just spreading FUD and is doing a really poor job at it, I might add, for example his point that bitcoin is "bad" because it is being used on the black market to buy illegal goods, is nonsense, FIAT is being used for the same thing. Infact bitcoin being used on black market darkweb sites is actually a good thing for bitcoins value, because it guarantees a demand for bitcoin, if you wanna buy weed on the internet you need to get a hold of bitcoin first. It's that simple
Finding out about bitcoin is a little bit like going down a rabbit hole. When you first hear about it, it doesn't seem like it can make sense, but once you do more and more research and find out about its true utility, then it seems like an idea whose time has come.
I think people are finally waking up to the idea of bitcoin and cryptocurrency in general. First it was the seedier parts of the internet who tested it's utility where existing technologies (such as money or credit) were unable to fulfill their needs. Then the people of Cyprus found out what happened when banks and fiat currency fail and why bitcoin proved it's superiority. Then the Chinese realized how useful it was for capital flight in a country that prevents currency form leaving the country to keep wages artificially low. Now Silicon Valley and Wall Street *shudders* is starting to pay attention and the governments of the world are being forced to react to a disruptive, decentralized technology that they know cannot be stopped.
2014 is they year it will *begin* to hit the mainstream. This is like the era of the internet when we moved from Mosaic to Netscape.
Exciting times!
I think people are finally waking up to the idea of bitcoin and cryptocurrency in general. First it was the seedier parts of the internet who tested it's utility where existing technologies (such as money or credit) were unable to fulfill their needs. Then the people of Cyprus found out what happened when banks and fiat currency fail and why bitcoin proved it's superiority. Then the Chinese realized how useful it was for capital flight in a country that prevents currency form leaving the country to keep wages artificially low. Now Silicon Valley and Wall Street *shudders* is starting to pay attention and the governments of the world are being forced to react to a disruptive, decentralized technology that they know cannot be stopped.
2014 is they year it will *begin* to hit the mainstream. This is like the era of the internet when we moved from Mosaic to Netscape.
Exciting times!
Yeah looks like he doesn't have the faintest idea about what bitcoin is.
Another great story about 'illegal businesses'. Why dont they ban the US dollar with it then?
but when i say bitcoin i mean "me"
http://static4.businessinsider.com/image/52cafb5f69bedd3c0a5f6115-480-/byron-wien-13.jpg
ref to http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1
http://static4.businessinsider.com/image/52cafb5f69bedd3c0a5f6115-480-/byron-wien-13.jpg
ref to http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1
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