Bitcoin will plummet to $10 by first half of 2014

[buzybit]

noooope!
it will rise and rise!
be positive, it will become mainstream as soon as people get to know it!
for sure governments will frighten people and drop bitcoin price but in the end you can't kill an idea!

[Chohannes]

noooope!
it will rise and rise!
be positive, it will become mainstream as soon as people get to know it!
for sure governments will frighten people and drop bitcoin price but in the end you can't kill an idea!

ofcourse it will, more and more store start to accept BTC as a payment method.

[htspringer]

Williams didn't base his prediction on any hard data.  The truth of it is, he is a spineless liberal who hates anything that limits government.  Someone needs to call him out this summer, when bitcoin prices are $2,000-$3,000 each.

[bambou]

by Victor Kerezov

Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call – he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.

didnt need to go further.. 

[skivrmt]

by Victor Kerezov

Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call – he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.

didnt need to go further.. 

Is it -possible- that it goes to $10?  Sure, of course it's possible.  But A LOT of factors need to come into play first.  Many governments need to come out specifically outlaw Bitcoin.  Even if that happens, it won't drop to $10.

There needs to be out network that gets about 51% and Bitcoin becomes not "trustable" to the general public.  That would drop it, but again, not to $10.

Then there needs to be a major hack of some sort.  Someone hacks BTC, Stamp and Gox and somehow steals a large amount of coin. 

I think if all three of these things happen there's a chance of $10.  But odds are one of these don't happen so I'd put $10 price target fairly low.

[Adrian-x]

Note to self buy back below $10 if fundamentals are the same.

[qiwoman]

I doubt that would happen now as Bicoin has grow too big and market cap is forever increasing. Now Lloyds Underwriters even insure it and it can be stored in a vault. It is developing properties equal to gold so maybe price will be a little volatile but as more and more businesses and services are being offered..demand for Bitcoin will only go up and up..and as Bitcoin becomes the new GOLD STANDARD for all other cryptol coins coming..it can only go up in value..

[guigui371]

I would love to see each BTC for 10-13 USD as I saw them the first time during my winter vacation in USA in January 2013 and where I was a complete idiot not to buy at least 100 ...by now I would of been quite OK because I would of followed the charts and I would of bought about 1000 in February 2013 !

> I cannot be anymore because BTC is ideal for tax evasion beside all the other utility of it  > as paying my pet dog training services in BTC

I am a precursor in Europe and possibly in the world  being the first pet dog trainer and pet behaviorist to accept it   so this the only reason  why BTC will not be at 10 USD in 2014 !!

and any serious analyst with full degree of education  should review my statement before publishing stupid predictions

Richard
www.psychodog.org

Awesome  website  !!

Super site web !! référencé dans localcoin ?

[Cryptopher]

I can't see it ever going that low again. I mean it would take some seriously big news/limitation/crime to make it drop into anything near that figure.

Who would sell their precious for anything near that price?

[Adrian-x]

I can't see it ever going that low again. I mean it would take some seriously big news/limitation/crime to make it drop into anything near that figure.

Who would sell their precious for anything near that price?

I'd like to quote Yoda here but can't think of anything but "you willlll, you wwwiillll"
My guess is we're going to see the bottom some time between Feb 6 and Feb 26 it will be in the triple digits.

After that next stop Mars.

[semaforo]

  His argument seems to rest on the point that no one will adopt because of volatility meaning potential lost profits... and he fails to mention that this has equal upside potential which will be an incentive to the considerable segment of the population that is not so risk averse.

  We can safely say that if the world was populated entirely by clones of Mark Williams, the bitcoin price would hit $10 sometime in the next six months. This scenario is even scarier than single digit bitcoin prices.

[Swordsoffreedom]

Well now it can be said they failed 

[IamCANADIAN013]

I really can't see it ever happening, but I hope it does, it'll give me a chance to buy a bunch of Bitcoins and likely a bunch of cheap mining equipment from people panicking.

[_Miracle]

"Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”, opines the former Fed bank examiner. "

Everything is only worth what people are willing and able to pay. Supply and demand.

[skivrmt]

"Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”, opines the former Fed bank examiner. "

Everything is only worth what people are willing and able to pay. Supply and demand.

Isn't that pretty much anything in life?  To a certain point of course.  Gold is a classic example of course.  Gold in itself is fairly worthless.  Unless you're the Mayans, you can really built with it, you can't eat it, you can't wear it, its pretty useless.  Its worth X simply because it's "back by dreams" of fiat going to hell and going away and hey, look, I can barter with gold. 

[gaston909]

I think there are unofficial market makers in town.

Price volatility has/is going to be much lower ...... assuming it isnt outlawed etc... they can only do so much.

[Timetwister]

If the author really thinks that, he should be shorting bitcoins then. I bet he isn't. Writing is less risky.

[gagalady]

don't think so....

[Swordsoffreedom]

If the author really thinks that, he should be shorting bitcoins then. I bet he isn't. Writing is less risky.

Long shorts are dangerous though 

[ricm]

Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”

everything worth what people is willing to pay, even the fking dollar! economy 101!!! bitcoins are no different from money or gold except for the physical thing