Why Bitcoin will fail in the coming weeks (and alt-coins will rise)

[cryptocoinsnews]

The graph shows the Bitcoin price on the trading engine BTC China. It peaked today with the price 6989 CNY per Bitcoin. This is a historically high Bitcoin price. 6989 CNY is around 1140 USD. Now, the big question is: will the Bitcoin price keep going up? Our answer is NO. The market is not ready to carry the price of Bitcoins above 1000 USD. And that is what we are witnessing now:

http://www.cryptocoinsnews.com/2013/11/19/bitcoin-will-fail-coming-weeks-alt-coins-will-rise/

[tutkarz]

because you say it's not ready ...
i don't even ask about your calculations because to me enough is to know that there will be maximum 112 000 (now is like 60 000) coins per country in the world. you don't need to be ready for that.

[ar9]

Same story repeated each and every time Bitcoin rises.

A crock of crap.

[deadweasel]

Same story repeated each and every time Bitcoin rises.

A crock of crap.

+1  Total load of shit.

[ManBearPig]

Thanks for reminding us that in 2013 ANYONE can knock up a website, crown themselves an expert and hand out opinions enforced as fact.

Bitcoin will FAIL?

Really? Because it came down from a significant ATH?

[jnada]

database error... 

[jjtech]

"At Bitstamp the current price of one Bitcoin is now down to its lowest in weeks: 370 USD."
Well, it only went over this amount on the 13-th of Nov if I remember correctly. It doesn't even make it a week - so I don't know what you are talking about.
Another tea leaf reader seeking attention. Pile of crap.
I'm not saying that it won't crash - whatever you mean by that. Or that it won't meteorically rise up to a $1000. This kind of post sound like garbage perpetuated by a govt shill, nothing more.

[Littleshop]

Same story repeated each and every time Bitcoin rises.

A crock of crap.

+1  Total load of shit.

Agreed.  But if one character was changed at least the store would be true temporarily (like a broken clock is right twice a day).

"Why Bitcoin will FALL in the coming weeks....."

[jjtech]

Exactly. People should grow some brains by now, but it looks like some just get off acting as prophets of doom

Same story repeated each and every time Bitcoin rises.

A crock of crap.

+1  Total load of shit.

Agreed.  But if one character was changed at least the store would be true temporarily (like a broken clock is right twice a day).

"Why Bitcoin will FALL in the coming weeks....."

[jjtech]

oh - and best thing is: IGNORE THIS TOPIC from now on. A lot of accidental people come here now and some of them might just read headlines. Let it fall into obscurity

[antimattercrusader]

The graph shows the Bitcoin price on the trading engine BTC China. It peaked today with the price 6989 CNY per Bitcoin. This is a historically high Bitcoin price. 6989 CNY is around 1140 USD. Now, the big question is: will the Bitcoin price keep going up? Our answer is NO. The market is not ready to carry the price of Bitcoins above 1000 USD. And that is what we are witnessing now:

http://www.cryptocoinsnews.com/2013/11/19/bitcoin-will-fail-coming-weeks-alt-coins-will-rise/

How does decrease in price = fail?

I might respect your opinion that bitcoin prices will fall relative to altcoins (don't know if I agree) but predicting bitcoin's failure is like trying to predict the 2nd coming of christ, we should both live like it will never happen but be prepared for it to happen immediately. This is an experiment, seems pretty solid thus far, but can fail. Can you predict the failure? I think not.

[JimboToronto]

LOL

Bitcoin will fail?

This thread is a fail.

Edit:

I just clicked on his link and it became clear why he posted this drivel.

He's spamming his goofy altcoin website.

[BarkinTree]

this guy has been trying to pump his altcoins so hard lately. i get it -- sucks to be a bagholder. but this is getting obnoxious.

[DeathAndTaxes]

oh - and best thing is: IGNORE THIS TOPIC from now on. A lot of accidental people come here now and some of them might just read headlines. Let it fall into obscurity

I agree we should stop responding and ignore the topic just like the person before me did!  1.2.3 Ignore now!

[RodeoX]

i look at where the money goes. Anyone can say anything, but putting up money is a real expression of belief. I'll buy alt-coins when I see this trend happening.  

[antimattercrusader]

[pera]

For the record, the Bernanke story is misleading, he doesn't think that Bitcoin may hold a long-term promise:

For example, in 1995, the U.S. House of Representatives held hearings on "the future of money" at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.

Some journalists holding btcs are being really nasty...

[NorbyTheGeek]

Your site loses any credibility of objectivity with its logo:

[theonewhowaskazu]

Cryptocoin news is another pump & dump supporting website.

Complete epic fail, never have they been right. They always say buy crapcoins.

http://www.cryptocoinsnews.com/2013/10/29/bitcoin-cryptocurrency-analysis-one-thing-week-44/

Since then the BTC/USD has gone up by about 400%, while their beloved XMP/BTC has declined by more than 50%. These guys are shitcoin shills, pure and simple.

[safeminer]

hahahaha TS must be someone holding on some shit alt coin hoping he makes a million