Bitcoin will plummet to $10 by first half of 2014 - page 6.

tee-rex

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Quote from: Mobius on August 13, 2014, 02:43:06 AM

Quote from: jubalix on August 12, 2014, 11:47:10 PM

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.
in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

Buffett is one of the most successful investors ever. He has missed several opportunities in investments that would have been profitable but he did not invest because he does not understand their product.

Has Buffett invested in Bitcoin? Just curious.

botany

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Quote from: Ayers on August 13, 2014, 11:00:45 AM

well yes, but HOW MUCH it rise or drop is another thing to predict, predicting just if it rise or drop is much easy

Not really, some people get the direction wrong (and in a big way). Grin

Nxtblg

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Quote from: JorgeStolfi on August 13, 2014, 11:01:47 AM

Quote from: Nxtblg on August 13, 2014, 10:45:27 AM

Hunh...I didn't know that me quoting a homely but wise investment saw from Warren Buffet would turn the thread in this direction. Maybe I should've quoted Benjamin Graham...

Or quote instead something from Jimmy Buffett... Cheesy

Or something from Benjamin Franklin.

...followed by a chaser from Patrick Henry...

JorgeStolfi

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Quote from: Nxtblg on August 13, 2014, 10:45:27 AM

Hunh...I didn't know that me quoting a homely but wise investment saw from Warren Buffet would turn the thread in this direction. Maybe I should've quoted Benjamin Graham...

Or quote instead something from Jimmy Buffett... Cheesy

Ayers

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Quote from: skivrmt on August 07, 2014, 10:47:09 AM

Quote from: Ayers on August 07, 2014, 10:45:00 AM

Quote from: gordoh on August 05, 2014, 02:21:52 AM

Im glad that guy was wrong lol. I don't think it could survive such a big knock.

how can such stupd prediction be right by any mean? even 100 dollar would have been super stupid let alone $10

But the thing about predictions is that almost always, someone is right, at some point. The price will drop, the price will rise, the stock market will have a 10% correction. If I keep a log of predictions, at some point I'll be right about 1 of them, maybe even 2 or 3 of them. Then I'll be the "expert" since I "predicted" the bitcoin drop, rise, etc.

well yes, but HOW MUCH it rise or drop is another thing to predict, predicting just if it rise or drop is much easy

Nxtblg

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Hunh...I didn't know that me quoting a homely but wise investment saw from Warren Buffet would turn the thread in this direction. Maybe I should've quoted Benjamin Graham...

cbeast

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Quote from: Mobius on August 13, 2014, 02:43:06 AM

Quote from: jubalix on August 12, 2014, 11:47:10 PM

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.
in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

Buffett is one of the most successful investors ever. He has missed several opportunities in investments that would have been profitable but he did not invest because he does not understand their product.

We can't know that for sure because at least in the early days he didn't reveal his investments publicly. Nobody can know if he invested in anything. Just saying.

Mobius

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Quote from: jubalix on August 12, 2014, 11:47:10 PM

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.
in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

Buffett is one of the most successful investors ever. He has missed several opportunities in investments that would have been profitable but he did not invest because he does not understand their product.

Adrian-x

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Quote from: JorgeStolfi on August 13, 2014, 12:17:31 AM

Quote from: jubalix on August 12, 2014, 11:47:10 PM

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.
in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

You should check his bio in Wikipedia first...

He made his fortune buying a company that was in bad shape and managed it for several years until it became profitable again.

you cant believe everything people write in the decentralized Wikipedia. not to defend the claim Warren knows Jack about making money he evidently does know a lot about making Fiat.

but Warren Buffett is realistic, he attributes a large portion of his success to the fact that the stock market presented an opportunity for growth in the mid forty's had he been older or younger it would be different.

Quote from: Warren Buffett

“I was born in 1930. ... I was born in the United States. … I was born white. … I was born male. … I had all kinds of luck.”

But don't get me wrong, Warren Buffett is clueless if he thinks the system is working. http://youtu.be/umg3ue6BFEY?t=22s 6 x growth in per capita GDP when the value of unit of measure has lost 7 x of its value, this is evidences of wealth degradation, not growth.

and that doesn't even count for the resulting wealth inequality in the redistribution to the 1%.

JorgeStolfi

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Quote from: jubalix on August 12, 2014, 11:47:10 PM

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.
in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

You should check his bio in Wikipedia first...

He made his fortune buying a company that was in bad shape and managed it for several years until it became profitable again.

jubalix

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Quote from: Nxtblg on August 10, 2014, 12:55:20 PM

Quote from: giveBTCpls on August 10, 2014, 12:14:14 PM

Yup. It's good to keep all these old threads about wrong predictions and all these threads about how Bitcoin would never be 10$ during our lifetimes to keep things in perspective and not repeat past mistakes.

And the recent ones, not to mention the ones to come, are also good real-time training in the fine art of "be greedy when others are fearful, and fearful when others are greedy" - Warren Buffett.

Not to mention....it's good training in the delicate art of "be greedy when you're fearful, and fearful when you're greedy." Grin

warren buffet knows jack about making money. He is just an outlier of luck as others and there are many others who have lost.

in any case warrent buffet, nor any one esle investing in shares, stock etc has ever "made" any money, the just swap shares for existng money in supply which is largely issued by loans via banks.

Banks make money.

Bitcoin makes money. It says here is a better ledger.

Share/Stocks/Bond people have no idea about BTC tech/money supply. Central banks do as they can see its directly competing with their position

Nxtblg

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Quote from: giveBTCpls on August 10, 2014, 12:14:14 PM

Yup. It's good to keep all these old threads about wrong predictions and all these threads about how Bitcoin would never be 10$ during our lifetimes to keep things in perspective and not repeat past mistakes.

And the recent ones, not to mention the ones to come, are also good real-time training in the fine art of "be greedy when others are fearful, and fearful when others are greedy" - Warren Buffett.

Not to mention....it's good training in the delicate art of "be greedy when you're fearful, and fearful when you're greedy." Grin

giveBTCpls

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Quote from: Nxtblg on August 10, 2014, 12:32:41 AM

Quote from: Bobsurplus on August 09, 2014, 10:41:15 PM

Well this was another waste of a thread..

Except for educational purposes. Had I not seen it, I never would have focussed in on the fact that "buy the fud, sell the acclaim" works like a durned dream.

It's the prefect thread, if only potentially, for a creative response.

Yup. It's good to keep all these old threads about wrong predictions and all these threads about how Bitcoin would never be 10$ during our lifetimes to keep things in perspective and not repeat past mistakes.

Nxtblg

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Quote from: robhimself on August 10, 2014, 01:39:54 AM

I was hoping it would at least dip to $200 or so, so that I could get in for $1000 for 5. It could still happen I guess in the near future, but $10? That won't happen for quite some time barring some crazy unforeseen event.

I'm quite confident that it won't happen at all, barring some crazy event like the U.S. going back to the gold standard at $20 and lopping two zeroes off the greenback.

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robhimself

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I was hoping it would at least dip to $200 or so, so that I could get in for $1000 for 5. It could still happen I guess in the near future, but $10? That won't happen for quite some time barring some crazy unforeseen event.

Nxtblg

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Quote from: Bobsurplus on August 09, 2014, 10:41:15 PM

Well this was another waste of a thread..

Except for educational purposes. Had I not seen it, I never would have focussed in on the fact that "buy the fud, sell the acclaim" works like a durned dream.

It's the prefect thread, if only potentially, for a creative response.

Bobsurplus

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Well this was another waste of a thread..

e1ghtSpace

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Quote from: gordoh on August 05, 2014, 02:21:52 AM

Im glad that guy was wrong lol. I don't think it could survive such a big knock.

I could, by buying a crap load.

botany

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Quote from: oceans on August 07, 2014, 12:25:24 PM

I'll tell you, if bitcoin ever did drop to as low as that I would be one of the first to invest in a bunch of bitcoin

when the price rises again I would be one very rich person Cheesy

I don't see it ever dropping that low.

If prices were going down, do you think you will have the patience till it drops to 10? Wink

Or would you go all-in much earlier?

oceans

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I'll tell you, if bitcoin ever did drop to as low as that I would be one of the first to invest in a bunch of bitcoin

when the price rises again I would be one very rich person Cheesy

I don't see it ever dropping that low.

Topic: Bitcoin will plummet to $10 by first half of 2014 - page 6. (Read 50087 times)