A Blast from the Past: Irrational Optimism and Bitcoin

[NUFCrichard]

They are all just guessing and it is human nature to exagerrate predictions .

Look in the speculation section, everyone seems to say Bitcoin will be either zero or $1,000,000 in a short while.
It isn't just Bitcoin, alts do exactly the same thing. The price rises by 25% in one day from $1 to $1.25, so they expect it will be $50 in the next year!

Just enjoy the ride, hope that the price goes up, but if you don't believe in the project, sell out!  

[Bitcoinpro]

50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months
Published in February 2014
Thoughts?

Despite the mocking comments, most people in this nut house would have agreed with them back then

At the time there was a thread in the speculation sector where this guy was talking about taking out a loan to buy bitcoin (and the price was already at $1000). Several people tried to talk him down, saying don't borrow, but he'd started the thread to convince himself, didn't really take on board what people were saying and pulled the trigger. He was convinced he'd be rich within six months. I don't think we heard from him again.

I called mtgox collapse 1 yr early a lot of my threads where deleted

where's my 2013 prediction of the year award

I even got a 2 week ban