Topic: Bitcoin will plummet to $10 by first half of 2014 - page 19. (Read 50126 times)
409$ on btc e lol very close maybe your right about your 400
We are in April 2014 and bitcoin is around $450,so very very very bad prediction!
Prices just fell 10%, we are at $410-$400 now :3
http://www.coindesk.com/bitcoin-price-crashes-chinese-exchanges-stop-bank-deposits/
In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager).
So I can get the same quality of advice by strolling over to the nearest high school!
Hold the line, bulls.
Remember your history on previous "crashes".
Bitcoin has always come back, and this time is no different.
Remember your history on previous "crashes".
Bitcoin has always come back, and this time is no different.
Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.
Running out of time, then this goes into the trash.
We're just levelling out from the previous high, that's all. As long as we stay above the high of the peak before that (266$ if I'm not mistaken, give or take a few since prices differ at different exchanges), we should be fine.
With all the positive buzz going on (Bitcoin ATMs popping up all over the place, Wall Street is not too far off, some quite big stores accepting bitcoin , ..), I doubt that we will see the trend broken.
Sure, China weighs in on the bad news, but that bad that we're going back to 10 ? Don't think so ...
legendary
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Leading Crypto Sports Betting & Casino Platform
Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.
Running out of time, then this goes into the trash.
More than a few sighs of relief will be had when that occurs although the fact that the price has been dropping for a while does mean it goes to the trash with distinction lol.
Bitcoin was the first altcoin to be used on a widescale basis. As long as it's one of the most widely used altcoins, its price and value should remain high.
The act of telling people is as useless as yelling at the TV to make your football team play better.
I can confirm yelling at the TV does work. Also, "that feeling" you get when you see a certain 3 digit number over and over -- this number does actually hit every time when playing lottery but only if you've had "the feeling" first. In addition, there is a Heaven (but the only soul in residence is Fred Phelps).
Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.
Running out of time, then this goes into the trash.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I love when people predict plummet of a price based on nothing.
In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager). True enough and most forecasts fail and almost all do actually so trying to get it right is pretty difficult
I love when people predict plummet of a price based on nothing.
In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager).
I love when people predict plummet of a price based on nothing.
As long as current and new investors continue to show renewed interest in Bitcoins, the value and price will go up.
We are in April 2014 and bitcoin is around $450,so very very very bad prediction!
yeah bad but I'll say not so bad for predicting the downfall ..! A problem with the protocol, internet or cryptography has to happen for BTC to fall at 10$
30% drop is not the same as a 99% drop!!
And to Mark Williams: ...academic who most likely doesn't know how your computer powers on.
Professor Bitcoin aka Mark Williams has admitted to owning Bitcoin last week, while his prediction remains unretracted.
http://www.reddit.com/r/Bitcoin/comments/221vse/professor_bitcorn_strikesagain/cgimlm8.
The double standard leads me to concluded he has FUD but believes we are in a down trend.
Professor Bitcoin is my benchmark for calling the top and we may have seen it if he has bought Bitcoin.
This is just the tip of the iceberg in terms of the overall transaction fee "business", but here is Walmart already pissed off about it:
http://rt.com/business/walmart-sue-visa-5billion-813/
5 billion reasons (and many billion more) why Walmart and the rest of the market will use the Bitcoin protocol to enhance their business model (and streamline obnoxious transaction fees) once core market support platforms/services have been implemented.
Does anyone think that a company (or any other company for that matter) would not leap at the chance to save thousands, millions, or billions a year? This is why Bitcoin will win in the long run once it matures into something CEOs will feel comfortable about using.
All of that obviousness aside,to "Professor" Mark Williams: you are an elitist out-of-touch academic who is simply predicting doom and gloom because you want to save face in front of your other elitist out-of-touch peers. You've admitted to owning bitcoin even. Feel obliged to join Warren Buffet and the rest of his type in the "old men who hate technology" club. Tell me, do you take a month to grade your students' work while you pontificate out your behind about technology you have 0 honest clue about?
http://rt.com/business/walmart-sue-visa-5billion-813/
5 billion reasons (and many billion more) why Walmart and the rest of the market will use the Bitcoin protocol to enhance their business model (and streamline obnoxious transaction fees) once core market support platforms/services have been implemented.
Does anyone think that a company (or any other company for that matter) would not leap at the chance to save thousands, millions, or billions a year? This is why Bitcoin will win in the long run once it matures into something CEOs will feel comfortable about using.
All of that obviousness aside,to "Professor" Mark Williams: you are an elitist out-of-touch academic who is simply predicting doom and gloom because you want to save face in front of your other elitist out-of-touch peers. You've admitted to owning bitcoin even. Feel obliged to join Warren Buffet and the rest of his type in the "old men who hate technology" club. Tell me, do you take a month to grade your students' work while you pontificate out your behind about technology you have 0 honest clue about?
We are in April 2014 and bitcoin is around $450,so very very very bad prediction!
Stop thinking, and just buy a damn coin already. There are far less coins that will ever be in existence than there are people to use them. We will all be lucky if we can afford 0.00001 BTC in the future. The quantity is irrelevant to the ability to obtain a share of usable representation of any value.
.......
We have to stop looking at "how many dollars a BTC is", and look at "how much BTC can you get with a dollar".
$0.01/BTC = 100.00000000 BTC
$5/BTC = 0.20000000 BTC
$30/BTC = ~0.03333334 BTC
$250/BTC = 0.00400000 BTC
$1200/BTC = ~0.00083334 BTC
$6000/BTC = ~0.00001667 BTC
...
...
...
$100000000/BTC = 0.00000001 BTC = $2,100,000,000,000,000 / world-pop (7,143,000,000) = $293,994.12 per person.
Even that last BTC-value sounds realistic... but by the time the coin ends creation, population will be larger, and there will be even fewer coins left. So it could go higher. That many "dollars" in the future, might only get you an apartment, for 3 months... or a cheap used car...
.......
We have to stop looking at "how many dollars a BTC is", and look at "how much BTC can you get with a dollar".
$0.01/BTC = 100.00000000 BTC
$5/BTC = 0.20000000 BTC
$30/BTC = ~0.03333334 BTC
$250/BTC = 0.00400000 BTC
$1200/BTC = ~0.00083334 BTC
$6000/BTC = ~0.00001667 BTC
...
...
...
$100000000/BTC = 0.00000001 BTC = $2,100,000,000,000,000 / world-pop (7,143,000,000) = $293,994.12 per person.
Even that last BTC-value sounds realistic... but by the time the coin ends creation, population will be larger, and there will be even fewer coins left. So it could go higher. That many "dollars" in the future, might only get you an apartment, for 3 months... or a cheap used car...
If we divide the M3 of USD and the global population it's like 1500 USD per person.
If we divide the 180.000 tons of gold with the global population it's like 25 grams per person.
If we divide the 12m BTCs with the global population it's like ...0.0017 BTC per person.
In terms of scarcity: If we divide the 25 trn+ USD (of USD+EUR M3) with the 12mn BTC it's like 2.1mn USD for every BTC.
In terms of scarcity: If we divide 180.000 tons of gold with 12mn BTCs, every BTC corresponds to 15 KG (or 482 ounces) of gold.
$10
lawl
I'd bet him 1 BTC that doesn't happen.
lawl
I'd bet him 1 BTC that doesn't happen.
That's a smart bet. If it does drop to $10, you only owe him $10. If it does not, then you get what ever the market value is, which in theory would be higher than the $10 you hedged your bet against.
I came across the following words and I found it amusing and relevant. I'm quoting it here:
"We have a natural tendency to listen to the expert, even in fields where there may be no experts." -- from The Black Swan
"We have a natural tendency to listen to the expert, even in fields where there may be no experts." -- from The Black Swan
Are you implying there are no experts in the field of Bitcoin?
I certainly think there are, but 99% of the people on this board are not them. Who are the experts then? And what does it mean to be an expert? Good luck in both of those questions!Sorry for the confusion, I should have been more explicit
Here is a personal perspective on expertise: I tend to believe that real and observable expertise often involves physical skills, like carrying out a brain surgery, playing a violin, hitting the target from a thousand yards, fixing cars or even being the man in the Man Vs Wild
To put it another way, I should be feeling safe when delegating activities or decisions to the experts in their fields of expertise. However, in the field of predicting market behaviors or trends, the long-term price of certain items to be specific, one can hardly feel safe delegating the decision makings to alleged experts. This is because the market can be so vulnerable to unpredictable inputs. For example, the crash of an exchange might crash the market itself as well, or a programming error in the trading bots can potentially push the price of a stock up through the roof, etc. The future of a market might be given, but it's not predictable, we have to wait until the day comes. Also, having a Harvard degree or being a Nobel prize winner in economics doesn't (or at least shouldn't) justify a person's ability to precisely predict the future of market behaviors. Jump to: