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Author Topic: Bitcoin will never reach $20 again  (Read 36940 times)
BTC Economist
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July 09, 2011, 01:49:40 PM
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This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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joepie91
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July 09, 2011, 01:54:45 PM
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This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.
Are you trolling?

Like my post(s)? 12TSXLa5Tu6ag4PNYCwKKSiZsaSCpAjzpu Smiley
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I just can't wait for fall/winter. My furnace never generated money for me before. I'll keep mining until my furnace is more profitable.
BTC Economist
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July 09, 2011, 01:55:40 PM
 #3

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.
Are you trolling?

No.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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July 09, 2011, 01:56:42 PM
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BTC Economist: You are a boring troll.


Folks, nothing to see here. Move on.

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July 09, 2011, 01:57:03 PM
 #5

No, he is just spamming. He is trying to sell his BTC Crash Preparation Kit. Ha!

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BTC Economist
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July 09, 2011, 01:57:16 PM
 #6

It has not been at $20 since the crash I believe.  

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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July 09, 2011, 01:58:34 PM
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It is remarkable how often the word troll is used around here.  Truly amazing.  And, we have a poll where something like 1/3 of the people here expect Bitcoin to grow 7-fold to over 100 by the end of the year, and they are seen as the reasonable ones.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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AyeYo
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July 09, 2011, 01:58:54 PM
 #8

This is why I have liquidated my position in Bitcoins.  There is very little upside going forward.  No forward moves of late have any traction whatsoever and demand continues to lag.  Way too little upside for such a risky proposition so my advice is to move into dollars.  Only a significant change in the economy could alter this forecast.
Are you trolling?

Dude, look at his sig. lol


However, I do agree with him anyway.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
kiba
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July 09, 2011, 01:59:59 PM
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This thread is worthless.

BTC Economist
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July 09, 2011, 02:01:32 PM
 #10

This thread is worthless.

Considering you are a bitcoin journalist you should be open to diverging views or is BitcoinWeekly the Fox News of bitcoin?

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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wumpus
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July 09, 2011, 02:01:49 PM
 #11

It is remarkable how often the word troll is used around here. 
Yes, it might be overused, but in this case the word is appropriate IMO. You seem to be literally posting nothing else than 'bitcoin is going down' posts. I understand that's your sense of humor, but some people get tired of the same jokes every day.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
flug
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July 09, 2011, 02:03:51 PM
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This thread is worthless.

Considering you are a bitcoin journalist you should be open to diverging views or is BitcoinWeekly the Fox News of bitcoin?

Diverging views yes. Worthless views no.
kiba
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July 09, 2011, 02:07:03 PM
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Considering you are a bitcoin journalist you should be open to diverging views or is BitcoinWeekly the Fox News of bitcoin?

Bitcoin Weekly does not accept mindless drivel in which there is no effort of analysis. Bitcoin Weekly does not publishes news. Bitcoin Weekly does not do "journalism". Bitcoin Weekly does not pretend to be neutral like Fox News pretend to be "fair and balanced".

We just publish interesting essays and funny comics. That is all.

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July 09, 2011, 02:15:42 PM
 #14

If you liquidated your position in Bitcoin, you might as well liquidate your presence on this forum and move on with your life.
Bitcoin Swami
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July 09, 2011, 02:20:37 PM
 #15

Yeah aren't you the one offering math tutoring for bitcoins in the marketplace? Why accept bitcoins if you feel their value will decrease.
joepie91
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July 09, 2011, 02:26:23 PM
 #16

Yeah aren't you the one offering math tutoring for bitcoins in the marketplace? Why accept bitcoins if you feel their value will decrease.
Probably because he thinks doomsaying and selling 'what to do in a crash' guides is going to net him more BTC.

Like my post(s)? 12TSXLa5Tu6ag4PNYCwKKSiZsaSCpAjzpu Smiley
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I just can't wait for fall/winter. My furnace never generated money for me before. I'll keep mining until my furnace is more profitable.
grndzero
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July 09, 2011, 02:34:41 PM
 #17

Market Timing Troll
Econogeek Troll
Product Spam Troll

http://forum.bitcoin.org/index.php?topic=27169.0

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ableorange
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July 09, 2011, 02:39:06 PM
 #18

The key thing to hold here is that they are at a dollar range and not moving down. This is very bullish.

However. Price means nothing. Value is everything and this shows me enough people value them. (& enough is under a million people). As soon as more ways to use them come of age, anyone holding them today will be very rich. This is a thread of impatience.
bcearl
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July 09, 2011, 02:40:07 PM
 #19

ROTFL

Again somebody he puts economist in front of his name and thinks that it means something positive.



Was there ever any economist who actually knew about economic processes? Even the weather man is better -- and he does not claim to have perfect knowledge about future weather, because it's impossible in principle.



Go away. Do theology or something, those people at least want to be lied at.

Misspelling protects against dictionary attacks NOT
AtlasONo
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July 09, 2011, 02:41:02 PM
 #20

Criticize bitcoin: troll

Speculate in the wrong way: troll

Opinion against the status quo? You bet that's a troll

 Roll Eyes Roll Eyes Roll Eyes you guys. If you really think it's a troll DON'T FUCKING POST and let it fall off the page.
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