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Topic: Forbes 2014 btc prediction - page 2. (Read 2782 times)

newbie
Activity: 4
Merit: 0
May 12, 2014, 11:48:02 PM
#7
Here Here! get them while they are cheap! Grin
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
May 12, 2014, 11:20:47 PM
#6
I think it is a fair review. "Majority if all coins are held by a small group of people" is very true indeed, and early adopters are become speculators  Cheesy

What is worth noting is that the writer seems to believe bitcoin has a low chance of mass adoption and another crypto will replace bitcoin with all the flaws corrected.

And if you want to buy that new watershed crypto while it is still cheap, you will be using....BTC.  Best to stock up on BTC while it is still cheap.
legendary
Activity: 4466
Merit: 3391
May 12, 2014, 07:10:35 PM
#5
The article is worthless. It is based on a fallacy:

Quote
Just 47 people own 29% of all outstanding Bitcoins; 930 own 50%. Another 10,000 folks bring the total owned by the largest coin holders to roughly 75%, leaving a sliver to be split among about 1 million small-change Bitcoiners.

Addresses =/= people.
hero member
Activity: 672
Merit: 500
May 12, 2014, 05:16:57 PM
#4
I think it is a fair review. "Majority if all coins are held by a small group of people" is very true indeed, and early adopters are become speculators  Cheesy

What is worth noting is that the writer seems to believe bitcoin has a low chance of mass adoption and another crypto will replace bitcoin with all the flaws corrected.
legendary
Activity: 1008
Merit: 1001
Let the chips fall where they may.
May 12, 2014, 04:36:47 PM
#3
I am thinking of setting a price alert at $320 so I can buy up coins around $300.

I predicted in early November we would never see $300 again (but did not actually make a leveraged bet). I would hate to be wrong Wink

Edit: this clued me in that the article is 3 months old:
Quote from: The Bitcoin Rat
I’m already ‘in print’ with a large wager challenge to Mr Williams that Bitcoin will be trading on MtGox closer to $1000 than $10 by 1st May 2014 – so far he hasnt had the “balls” to take up the challenge.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
May 12, 2014, 04:29:04 PM
#2
What do you think?
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