Bitcoin will plummet to $10 by first half of 2014

[wachtwoord]

“I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play”, concludes Mark Williams.

Really? A share?

What company is he talking about again?

[chemicalbruva]

Professor Williams is a FIAT man with a FIAT plan. Or at least this seems to be the position hes taking.
China simply declassified btc as a currency and  classified it as a commodity. Personally, i believe they did the rest of us a favour as less speculation means less price volitility.
Also btc is nowhere near the maturity stage as most of the world simply doesnt  know about it yet.
Scaremongerers be damned, we're going to the moon!

[exchanger]

i doubt it

[Spekulatius]

Looks like Mr. Williams has not looked beyond November 2013 yet .
My advice: Switch your chart to logarithmic and see the real bubbles/busts!

[zavtra]

I like contrarians although on this occasion I think he is wrong
Let's hope he is anyway

I hardly believe he is contrarian. This is essentially the mainstream opinion.

Look in the comments of any article about bitcoin and you will see

"haha virtual money! why dont i just make some of my own!"

"ponzi scheme!"

"why don't i just crap in the toilet and make my own sh*tcoin! i'll be rich!"

This guy is essentially those commenters with an education in markets.

[samo]

Let me get in on that bet, Mr. Proc aka Mr. Fud/Mr. Troll put up or shut up.  I imagine you wont do it, as anybody can say anything until its time to ante up. So call or fold like we know you will.

P.S. Great comparative video for the newbies to educate yourself instead of relying on the fudders to do this for you, as they'll claim its a ponzi sceme as most people only recognize such growth from since there short sided. Yet we have seen this kind of growth before in companies within the past 10 years such as -> google, twitter, skype, facebook etc. just everyday people don't even realize that as they have blinders on.

Get  yourself edumicated before you miss out (why bitcoins growth is normal)->

 http://www.youtube.com/watch?v=qHUPPYzzZrI    

[bitpop]

Very good, I can't buy until next month

[peta4e]

I totally disagree : ) actually I am sure before February it will hit $2000 : ))

[bitpop]

$50,000

[medialab101]

$100,000

[bitpop]

$150,000

[medialab101]

$200,000

[wachtwoord]

$200,000

I'll sell you 25 BTC for $200,000 a pop. I'll keep the rest

[bitpop]

$200,000

I'll sell you 25 BTC for $200,000 a pop. I'll keep the rest

$250,000,000

[medialab101]

$250,000,000 is crazy...

300,000,000!!!!!

[cbeast]

I am so sick and tired of Flat Earthers.

[bitpop]

$250,000,000 is crazy...

300,000,000!!!!!

$400,000,000,000.00

[medialab101]

$400,000,000,000.00  = bull trap 

[wachtwoord]

$400,000,000,000.00  = bull trap 

Yes, at that price I sell all.

[viboracecata]

I will be happy to see that because I can buy lost of them