Now CNN is giving Bitcoin Financial Advice

[the founder]

CNN : Bitcoins are worth less than $15 apiece.
http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble

[Gurthang]

Well, that the the economist's opinion.  Everyone has an opinion and everyone has a sphincter.  The only question becomes whether or not it stinks.

[RodeoX]

That is good financial advice. Sell your assets for $15 when the market is supporting $130+ sales. 

[mai77]

http://i.cdn.turner.com/money/.element/apps/cvp/4.0/swf/cnn_money_384x216_embed.swf

[WikileaksDude]

CNN is trying to buy btc at cheap prices while doing FUD, shame on CNN.

[hugolp]

CNN : Bitcoins are worth less than $15 apiece.
http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble

Im feeling generous so Ill buy his bitcoins for 20 a piece...

[tempt]

My favorite quote:

"I could understand a long-term uptrend based on worries about paper money," he said. "But there's no real catalyst for the market to go up as vertically as it has."


Not to mention europe financial crisis.

[RodeoX]

My favorite quote:

"I could understand a long-term uptrend based on worries about paper money," he said. "But there's no real catalyst for the market to go up as vertically as it has."


Not to mention europe financial crisis.

lol, because the world economy is going so swimmingly?
And why $15USD? No explanation of that valuation. I guess that is just where his hand landed as he groped around his anus for a number.

[Rincewind]

My favorite quote:

"I could understand a long-term uptrend based on worries about paper money," he said. "But there's no real catalyst for the market to go up as vertically as it has."

Not to mention europe financial crisis.

And of course there's the "gold and silver prices should rise in tandem" speak, despite the fact the spot price is influenced by paper futures, not actual physical supply/demand on the street. Besides, it appears there's very little PMs "on the street" to begin with. Can't hoard something that stores don't sell.

[mobile4ever]

My favorite quote:

"I could understand a long-term uptrend based on worries about paper money," he said. "But there's no real catalyst for the market to go up as vertically as it has."


Not to mention europe financial crisis.

lol, because the world economy is going so swimmingly?
And why $15USD? No explanation of that valuation. I guess that is just where his hand landed as he groped around his anus for a number.

+1

for "swimmingly"

[thebitcoinpages]

the bitcoin is a bubble and the worlds banks are save and not corrupt! the financial crisis dont exists and everything is fine

shame on this experts and analysts, this lobbys are trying only to make the people afraid! take a look to the offshoreleaks now than you know where the world is going, i wonder every day more why all this bankster gangster guys are still not in prison.

[christop]

CNN : Bitcoins are worth less than $15 apiece.
http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble

Im feeling generous so Ill buy his bitcoins for 20 a piece...

I'll pay USD 21.

I'll pay USD 22!

[bitbadger]

Was that the financial department of CNN or the joker department?

Lets go back to our kindergarten finance basics, CNN.

Basic rule of financial markets (or any market for that matter):

an asset is worth at a given moment what the market says it is worth at that given moment. No more and no less.

It doesnt matter a fig what financial analysts or CNN or anyone else thinks it "ought" to be worth.

[JackH]

Leave them fuck around. They all just realized this is the future of money and none of their so-called experts predicted shit. They have been boxed in their own little world of scam and fraud for too long. Now it hits them and they are trying their sly methods of pushing the price down, which will prove to be impossible looking at how valuable Bitcoin is as an asset.

I am honestly laughing my ass off here, watching the self proclaimed experts, bankers and financial guru being completely and utterly owned by Satoshi's invention of Bitcoin. Great show bankers, but we will take it from here 

[bitbadger]

Maybe that CNN guy thinks BTC should be worth $15 so he can buy in at that price.

[Mike Christ]

Haw I wish. I'd scoop up as many as financially possible. Since everyone is thinking this, the price will never drop that low.

[cancis]

Wonder if he's ever seen this?

http://blog.ponoko.com/wp-content/uploads/2007/04/hypecycle.png

[pekv2]

The sphincter and anus comment jokes are hilarious. I laughed out loud.

[Eri]

id like to point out, aside from the obvious "Hes wrong", even if what he were hinting at were true... it wouldnt be 15$. it would have to be atleast 30$. within a month of the reward halving the price doubled. roughly~ supply cut in half, demand is the same, price doubles.

Not saying hes right, just that even in his view, his universe and his opinion hes still wrong.

[giszmo]

well, if an individual with 155000BTC would cash out, we would get to $15 and I wish it would happen. This would distribute bitcoins into more hands. Knowing that bitcoin can only take off when we all part with some at some point, I sell small quantities to as many people as possible and restock if possible and such an event would hopefully get more people involved, not less but less is also an option.