I predict BTC/USD will fall to $2 by December 31, 2013

nerFohanzo

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Quote from: Jomppe on December 28, 2013, 02:21:30 PM

BTC value should be around 2-10 dollars.
My argument is the following: WorldCoin costs less than a dollar despite the fact that they will be minted roughly only 10 times as many as BTC so the long term BTC/WDC should be 0.10 BTC/WDC. This gives the BTC estimated value being less than 10 dollars...

Only in world where WorldCoin is as much used/popular as Bitcoin.

piramida

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Borsche

Quote from: notme on December 28, 2013, 04:10:27 PM

A limited supply is only one part of the value equation.

Yep, I would say it is a negligible part of the equation. There is only one specific painting of picasso in existence, and there's only one specific fingerpainting of some round red thing with green things around it by my 2yr old as well, but they differ in value significantly.

notme

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Quote from: Jomppe on December 28, 2013, 02:21:30 PM

BTC value should be around 2-10 dollars.
My argument is the following: WorldCoin costs less than a dollar despite the fact that they will be minted roughly only 10 times as many as BTC so the long term BTC/WDC should be 0.10 BTC/WDC. This gives the BTC estimated value being less than 10 dollars...

What can you get for worldcoin? I can spend bitcoin on fiat money, food, clothes, shelter, electronics, as well as many services. In 6 months, I will be able to shop with it on overstock.com. A limited supply is only one part of the value equation.

cr1776

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Quote from: Jomppe on December 28, 2013, 02:21:30 PM

BTC value should be around 2-10 dollars.
My argument is the following: WorldCoin costs less than a dollar despite the fact that they will be minted roughly only 10 times as many as BTC so the long term BTC/WDC should be 0.10 BTC/WDC. This gives the BTC estimated value being less than 10 dollars...

Fortunately quantity of coins mined is not the only or even the major determining factor in price.

Think about TCP/IP vs TLK/MD. They do essentially the same thing, why is everyone using TCP/IP?

cr1776

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Quote from: jamesc760 on December 27, 2013, 11:25:04 PM

I was surprised to see this old post get dug up! I have no idea how I came to write this regrettably ultra-bearish dribble. But, I DID mention a few times that I am no psychic or statistician, or whatever. It just goes to show you that you can't just extrapolate on anything. Mea culpa. So sorry. I am just bad at predicting. You should never follow my advice or prediction or whatever. This IS a speculation forum, isn't it???

I think that just about the only thing one can predict is that the dollar, Euro, Yen, Yuan etc will lose value/purchasing power over time. If you predict that in 10 years they'll have lost value, I think you'd be pretty much guaranteed to have been accurate. :-)

TradeAnalyst

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Well if you have BTC in your wallet and if you think that each BTC will be 2 or 5 USD I an doing you a big favor by buying them immediatly a 10 USD

What a good deal for you you are sure to get 5 times your valuation !

Jomppe

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BTC value should be around 2-10 dollars.
My argument is the following: WorldCoin costs less than a dollar despite the fact that they will be minted roughly only 10 times as many as BTC so the long term BTC/WDC should be 0.10 BTC/WDC. This gives the BTC estimated value being less than 10 dollars...

cryptocoinmkt.com

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Quote from: Fiyasko on July 03, 2013, 10:57:19 AM

Put a bet up or shutup, if you're correct you have nothing to fear and bitcoins to gain.
If you're wrong then you get to feel the pain of making a stupid guess and wasting our time.

+1 Agreed.

People make price predictions like they have some magic crystal ball, when they have no fudging ideal what they are talking about, and the factors they use, and here say guesses mean jack.

I've been watching markets over the last decade and this reminds me a lot, like all these pundits predicting stock price, and stock market directions. They are mostly just spreading FUD (Fear uncertainty and doubt) and don't have a true basis for their predictions. Maybe, he/she needs the price to go down so he/she can buy some.

Well, it's December 28. Three days left to go and BTC price is $708, let us see if the guy who started this " (I predict BTC/USD will fall to $2 by December 31, 2013 )" thread is correct, or he/she is just another dumb "as%" who likes to make clueless predictions with hard dates.

Gleason

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Quote from: jamesc760 on December 27, 2013, 11:25:04 PM

I was surprised to see this old post get dug up! I have no idea how I came to write this regrettably ultra-bearish dribble. But, I DID mention a few times that I am no psychic or statistician, or whatever. It just goes to show you that you can't just extrapolate on anything. Mea culpa. So sorry. I am just bad at predicting. You should never follow my advice or prediction or whatever. This IS a speculation forum, isn't it???

yea. $2 was never going to happen, even if no good news ever came into BTC. After the first run-up, there was too much buying pressure wayyyyyy before $2.

Since this run up, we will never see sub $150 again. far too much pressure and people with money who will buy a shit ton of coins far before that point.

BitChick

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Quote from: jamesc760 on December 28, 2013, 10:10:22 AM

Lol, well, I have made another, brand new, prediction for 2014:

https://bitcointalksearch.org/topic/i-predict-that-btc-will-rise-to-2000-by-end-of-march-2014-389081

I hope everyone will get a chuckle out of that one as well! Happy new year!!! Go bitcoin!!!

I like this one much better. Grin

I hope you are right this time!

jamesc760

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Lol, well, I have made another, brand new, prediction for 2014:

https://bitcointalksearch.org/topic/i-predict-that-btc-will-rise-to-2000-by-end-of-march-2014-389081

I hope everyone will get a chuckle out of that one as well! Happy new year!!! Go bitcoin!!!

BurtW

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All paid signature campaigns should be banned.

The bears should create their own coin called BearCoin and then ... Oh, wait, I don't think that will work Wink

jamesc760

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I have been bashing perma-bears like accord01 and edward50 on their bearich threads lately. Karma's a bitch. I had no idea I was such a bear a few months back. I have been reformed. I have found the light. Bitcoin has saved me. Halleluyah! It's such a freeing feeling now. All bears should try it.

BurtW

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All paid signature campaigns should be banned.

Quote from: Boxman90 on December 28, 2013, 08:39:16 AM

Lol I just still can't believe Bitcoinity with their new paradigm shit.

That mBTC denomination is making my brain hurt every time I get there on a new browser. Seriously what a delusional joke.

I like it. I can buy mBTC for less than one dollar!!! I feel rich. Although I think it would be better if every single web site was forced by the Bitcoin central authority to use nBTC because then I would be a nBTC trillionaire Shocked

[/sarcasm]

Honestly, having the option to view in whatever units you want does not hurt anything.

Boxman90

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Lol I just still can't believe Bitcoinity with their new paradigm shit.

That mBTC denomination is making my brain hurt every time I get there on a new browser. Seriously what a delusional joke.

TERA

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Dude I just checked bitcoinity and this guy is right.

Miz4r

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Quote from: HappyBitCoinUser on July 03, 2013, 12:42:01 PM

Quote from: jamesc760 on July 03, 2013, 09:10:57 AM

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

Probably even lower than that.

Its nice to finally see someone that isn't doing drugs, and think that we're going to hit $1k or $1M.

Moral of the story here: use more drugs. Tongue

tdenisenko

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Quote from: MAbtc on December 27, 2013, 05:26:06 PM

You guys are missing the point. We only have three days before a flash crash to $2. See you on the order books.

http://www.youtube.com/watch?v=OyabiLNfjQw&feature=youtu.be&t=14s

zakalwe

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Quote from: jamesc760 on December 27, 2013, 11:25:04 PM

I was surprised to see this old post get dug up! I have no idea how I came to write this regrettably ultra-bearish dribble. But, I DID mention a few times that I am no psychic or statistician, or whatever. It just goes to show you that you can't just extrapolate on anything. Mea culpa. So sorry. I am just bad at predicting. You should never follow my advice or prediction or whatever. This IS a speculation forum, isn't it???

LOL man, it's funny to see after all these months what really happened. But by your side you have the fact that it's merely impossible to really predict where the hell bitcoin, and in general crypto currencies, will be after several months.

But, to me, for sure it tends to go up up up.

I finished.

Oh yeah I almost forgot

HOOOOOOOOOODDDLLLL!!!!!!!!

Cheesy

BitChick

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Quote from: jamesc760 on December 27, 2013, 11:25:04 PM

I was surprised to see this old post get dug up! I have no idea how I came to write this regrettably ultra-bearish dribble. But, I DID mention a few times that I am no psychic or statistician, or whatever. It just goes to show you that you can't just extrapolate on anything. Mea culpa. So sorry. I am just bad at predicting. You should never follow my advice or prediction or whatever. This IS a speculation forum, isn't it???

Hopefully you held a few coins!?

Glad you were wrong BTW! Grin

Topic: I predict BTC/USD will fall to $2 by December 31, 2013 (Read 7303 times)