Bitcoin will plummet to $10 by first half of 2014 - page 13.

JorgeStolfi

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Quote from: ?? on ??

This article contains some fresh quotes from the good professor.
https://news.vice.com/article/silk-road-bitcoin-auction-opened-by-us-marshals-service

It also has a quote by the Citibank analyst that seems rather naive. No one here expects the 30'000 coins to be dumped on the market in a short time, right?

And the prof seems to assume that the auction price will be known right after the closing, but the USMS documents say that someone will have to submit a FOIA to get that information. (Statements by participants cannot be trusted, they will care much about the effect on price.)

And the prof also claims that the USMS wants to auction the coins before they lose value, whereas I do not see any haste (the auction was authorized quite a while ago) and do not believe they would have that motivation (the USMS has no mandate or obligation to schedule auctions for maximum profit, all it cares is to have a fair auction with enough bidders).

Adrian-x

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Quote from: ShakyhandsBTCer on June 29, 2014, 02:07:55 PM

Quote from: Wolf Rainer on June 29, 2014, 02:21:38 AM

Quote from: RodeoX on June 20, 2014, 01:12:22 PM

Guys, he's an economist. He knows better than us. If he says the price is $10, we must just be reading the charts wrong.

Sure, he is an economist, so he know better than us how to manipulate the market, seed the fear and try to protect the banks monopoly and slavery system.

Just because he has some fancy degree or job title does not mean that he is correct in his logic.

It doesn't sounds like logic but more like an agenda.

Quote from: ?? on ??

This article contains some fresh quotes from the good professor.

https://news.vice.com/article/silk-road-bitcoin-auction-opened-by-us-marshals-service

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Wolf Rainer on June 29, 2014, 02:21:38 AM

Quote from: RodeoX on June 20, 2014, 01:12:22 PM

Guys, he's an economist. He knows better than us. If he says the price is $10, we must just be reading the charts wrong.

Sure, he is an economist, so he know better than us how to manipulate the market, seed the fear and try to protect the banks monopoly and slavery system.

Just because he has some fancy degree or job title does not mean that he is correct in his logic.

bigasic

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Bitcoin is a new invention. no one can predict how it will react. Maybe in 10 years from now, economists will get a grasp on the future of bitcoin.

BetMoose

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Real Bets. Real People. By Anyone, on anything

Quote from: Yakamoto on June 28, 2014, 09:25:15 PM

I bet $50 that BTC will trade above $550 by July 1st 2014.

Any takers?

We have a few bets on our side around the 600 mark which seems more contentious than $550, but if you want you can host your own on betmoose.com and put down your $50. If there are no takers, you'll get it back 100% and we pay miner fees so no loss.

Wolf Rainer

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Quote from: RodeoX on June 20, 2014, 01:12:22 PM

Guys, he's an economist. He knows better than us. If he says the price is $10, we must just be reading the charts wrong.

Sure, he is an economist, so he know better than us how to manipulate the market, seed the fear and try to protect the banks monopoly and slavery system.

Yakamoto

legendary

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Quote from: kerafym on June 28, 2014, 09:29:44 PM

Quote from: Yakamoto on June 28, 2014, 09:25:15 PM

I bet $50 that BTC will trade above $550 by July 1st 2014.

Any takers?

Let you know before July 1st.

What do you mean? You'll let me know if you accept it, or what?

kerafym

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THE GAME OF CHANCE. CHANGED.

Quote from: Yakamoto on June 28, 2014, 09:25:15 PM

I bet $50 that BTC will trade above $550 by July 1st 2014.

Any takers?

Let you know before July 1st.

Yakamoto

legendary

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I bet $50 that BTC will trade above $550 by July 1st 2014.

Any takers?

moreia

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And so the first half nearly finishes and Bitcoin is strong @ $570~
Stay strong Bitcoin!

JorgeStolfi

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Quote from: bitbouillion on June 28, 2014, 07:56:30 PM

This bet has been cancelled!
Reason: Only one person bet on it Grin

Wait, we still have 2 days to go. Did you see that red spike at Huobi, around 12:52 UTC -- the price going down 10% in a single trade? One minute of such trading is all it would take to reach $10. (Unfortunately, that spike was later declared a glitch and erased from the charts, but even so it scared many traders into real dumping. You may still see comments about it on the Wall Observer thread of this forum. And, anyway, it is the spirit that matters.)

By the way, "the first half of 2014" is more like July 1st or July 2nd, since February had only 28 days and there is one extra 31-day month after July. So there is plenty of time yet.

I would love to see that profs's face when the price falls to $11 on June 30 but stays there until July 3rd before dropping to $10. He will be the laughing stock of his university and of all economists in the world, har har.

Grin

( <--- do I need to put this here? )

bitbouillion

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Quote from: BetMoose on June 20, 2014, 12:40:08 PM

I made a bet for mr. bitcorn:

___________

$10 Bitcoin by June 30th, 2014

Options: Yes | No

This bet has been cancelled!
Reason: Only one person bet on it Grin

pjviitas

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Harley997

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Quote from: ljudotina on June 12, 2014, 07:00:55 PM

Quote from: nwfella on June 12, 2014, 01:22:17 PM

Quote from: ljudotina on June 12, 2014, 07:53:56 AM

To "less than 10$" guy:

Tick tock motherfucker! Tick, fucking tock!

He was asked to put some money where he's mouth are....he chickened out. That's all you need to know about him. Man that does not stand behind his words.

lmao...I wouldn't be at all surprised if he's setting up his coinbase account right now and buying whatever bitcoin he can!

I would just like to see him now...hear his answers when his students ask him about this...seeing him swet, knowing he turned out to be really stupid.

Most professors do not even answer questions asked by students, instead they delegate that to the TAs.

He probably got some kind of grant for what he said and is wasting students' money

RodeoX

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The revolution will be monetized!

Guys, he's an economist. He knows better than us. If he says the price is $10, we must just be reading the charts wrong.

BetMoose

sr. member

Activity: 372

Merit: 250

Real Bets. Real People. By Anyone, on anything

I made a bet for mr. bitcorn:

___________

$10 Bitcoin by June 30th, 2014

Options: Yes | No

BetMoose

sr. member

Activity: 372

Merit: 250

Real Bets. Real People. By Anyone, on anything

Quote from: ShakyhandsBTCer on June 12, 2014, 09:46:27 PM

Quote from: sorryforthat on June 07, 2014, 01:39:13 PM

Quote from: Unluckyduck on June 07, 2014, 07:51:07 AM

oooh professor bitcorns time is running out! Cheesy

There is speculation that the professor was paid to say what he did. This speculation is based on his demeanor during his speech. He didn’t seem all to calm and actually appeared nervous during his prediction as if he was all too confident.

His prediction was just a ploy to get attention and that is what he got.

By making a lot of noise he probably got some amount of funding for research that was not necessary.

Next time we're forcing the professor to put real money behind this (or coin). I will easily take him up on that bet up to maybe $100K/~150BTC.

ShakyhandsBTCer

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Activity: 448

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: sorryforthat on June 07, 2014, 01:39:13 PM

Quote from: Unluckyduck on June 07, 2014, 07:51:07 AM

oooh professor bitcorns time is running out! Cheesy

There is speculation that the professor was paid to say what he did. This speculation is based on his demeanor during his speech. He didn’t seem all to calm and actually appeared nervous during his prediction as if he was all too confident.

His prediction was just a ploy to get attention and that is what he got.

By making a lot of noise he probably got some amount of funding for research that was not necessary.

ljudotina

legendary

Activity: 1260

Merit: 1029

Quote from: nwfella on June 12, 2014, 01:22:17 PM

Quote from: ljudotina on June 12, 2014, 07:53:56 AM

To "less than 10$" guy:

Tick tock motherfucker! Tick, fucking tock!

He was asked to put some money where he's mouth are....he chickened out. That's all you need to know about him. Man that does not stand behind his words.

lmao...I wouldn't be at all surprised if he's setting up his coinbase account right now and buying whatever bitcoin he can!

I would just like to see him now...hear his answers when his students ask him about this...seeing him swet, knowing he turned out to be really stupid.

Androidicus

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Activity: 339

Merit: 250

Just another g-force dip on the great BTC rollercoaster!

Topic: Bitcoin will plummet to $10 by first half of 2014 - page 13. (Read 50126 times)