Bitcoin will plummet to $10 by first half of 2014 - page 24.

skivrmt

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Quote from: _Miracle on January 29, 2014, 01:14:19 AM

"Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”, opines the former Fed bank examiner. "

Everything is only worth what people are willing and able to pay. Supply and demand.

Isn't that pretty much anything in life? To a certain point of course. Gold is a classic example of course. Gold in itself is fairly worthless. Unless you're the Mayans, you can really built with it, you can't eat it, you can't wear it, its pretty useless. Its worth X simply because it's "back by dreams" of fiat going to hell and going away and hey, look, I can barter with gold.

_Miracle

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Do due diligence

"Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”, opines the former Fed bank examiner. "

Everything is only worth what people are willing and able to pay. Supply and demand.

IamCANADIAN013

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I really can't see it ever happening, but I hope it does, it'll give me a chance to buy a bunch of Bitcoins and likely a bunch of cheap mining equipment from people panicking.

Swordsoffreedom

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Well now it can be said they failed Grin

semaforo

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His argument seems to rest on the point that no one will adopt because of volatility meaning potential lost profits... and he fails to mention that this has equal upside potential which will be an incentive to the considerable segment of the population that is not so risk averse.

We can safely say that if the world was populated entirely by clones of Mark Williams, the bitcoin price would hit $10 sometime in the next six months. This scenario is even scarier than single digit bitcoin prices.

Adrian-x

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Quote from: Cryptopher on January 17, 2014, 05:27:47 PM

I can't see it ever going that low again. I mean it would take some seriously big news/limitation/crime to make it drop into anything near that figure.

Who would sell their precious for anything near that price?

I'd like to quote Yoda here but can't think of anything but "you willlll, you wwwiillll"
My guess is we're going to see the bottom some time between Feb 6 and Feb 26 it will be in the triple digits.

After that next stop Mars.

Cryptopher

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Keep it dense, yeah?

I can't see it ever going that low again. I mean it would take some seriously big news/limitation/crime to make it drop into anything near that figure.

Who would sell their precious for anything near that price?

guigui371

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C.D.P.E.M

Quote from: TradeAnalyst on January 03, 2014, 03:08:01 PM

I would love to see each BTC for 10-13 USD as I saw them the first time during my winter vacation in USA in January 2013 and where I was a complete idiot not to buy at least 100 ...by now I would of been quite OK because I would of followed the charts and I would of bought about 1000 in February 2013 !

> I cannot be anymore because BTC is ideal for tax evasion beside all the other utility of it > as paying my pet dog training services in BTC

I am a precursor in Europe and possibly in the world being the first pet dog trainer and pet behaviorist to accept it so this the only reason why BTC will not be at 10 USD in 2014 !! Cheesy

and any serious analyst with full degree of education should review my statement before publishing stupid predictions

Richard
www.psychodog.org

Awesome website !!

Super site web !! référencé dans localcoin ?

qiwoman

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I doubt that would happen now as Bicoin has grow too big and market cap is forever increasing. Now Lloyds Underwriters even insure it and it can be stored in a vault. It is developing properties equal to gold so maybe price will be a little volatile but as more and more businesses and services are being offered..demand for Bitcoin will only go up and up..and as Bitcoin becomes the new GOLD STANDARD for all other cryptol coins coming..it can only go up in value..

Adrian-x

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Note to self buy back below $10 if fundamentals are the same.

skivrmt

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Quote from: bambou on January 13, 2014, 12:35:26 PM

Quote from: Athom on December 20, 2013, 03:43:18 AM

by Victor Kerezov

Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call – he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.

didnt need to go further.. Grin

Is it -possible- that it goes to $10? Sure, of course it's possible. But A LOT of factors need to come into play first. Many governments need to come out specifically outlaw Bitcoin. Even if that happens, it won't drop to $10.

There needs to be out network that gets about 51% and Bitcoin becomes not "trustable" to the general public. That would drop it, but again, not to $10.

Then there needs to be a major hack of some sort. Someone hacks BTC, Stamp and Gox and somehow steals a large amount of coin.

I think if all three of these things happen there's a chance of $10. But odds are one of these don't happen so I'd put $10 price target fairly low.

bambou

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Quote from: Athom on December 20, 2013, 03:43:18 AM

by Victor Kerezov

Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call – he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.

didnt need to go further.. Grin

htspringer

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Williams didn't base his prediction on any hard data. The truth of it is, he is a spineless liberal who hates anything that limits government. Someone needs to call him out this summer, when bitcoin prices are $2,000-$3,000 each.

Chohannes

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Quote from: buzybit on January 03, 2014, 10:18:16 PM

noooope!
it will rise and rise!
be positive, it will become mainstream as soon as people get to know it!
for sure governments will frighten people and drop bitcoin price but in the end you can't kill an idea!

ofcourse it will, more and more store start to accept BTC as a payment method.

buzybit

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noooope!
it will rise and rise!
be positive, it will become mainstream as soon as people get to know it!
for sure governments will frighten people and drop bitcoin price but in the end you can't kill an idea!

BitchicksHusband

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Quote

Bitcoin will plummet to $10 by first half of 2014

We're finally switching to mBTC?!?

TradeAnalyst

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I would love to see each BTC for 10-13 USD as I saw them the first time during my winter vacation in USA in January 2013 and where I was a complete idiot not to buy at least 100 ...by now I would of been quite OK because I would of followed the charts and I would of bought about 1000 in February 2013 !

> I cannot be anymore because BTC is ideal for tax evasion beside all the other utility of it > as paying my pet dog training services in BTC

I am a precursor in Europe and possibly in the world being the first pet dog trainer and pet behaviorist to accept it so this the only reason why BTC will not be at 10 USD in 2014 !! Cheesy

and any serious analyst with full degree of education should review my statement before publishing stupid predictions

Richard
www.psychodog.org

Swordsoffreedom

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Enters 2014 10 Dollar Never Get in Q1 2014 Wink

U1TRA_L0RD

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CAUTION: Angry Man with Attitude.

drewster

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