Bitcoin prophesy

[DieJohnny]

This thread dedicated to your Bitcoin prophesies, either about Bitcoin or Bitcoin related events.

Here are mine:

In 2014:

Mt Gox Failure
China exchange failure
One major startup failure, I am going with CoinBase
Exponential difficulty creates massive destruction of mining base, at least one proven attempt at 51% attack as desperately leveraged mining groups cheat to compete.
Half of mining consortiums collapse as Bitcoin supply overwhelms demand as mainstream adoption not quite ready and bills have to be paid in fiat
Price crash to <$50 in September before ending year on a rebound to $225

In 2015:

Disasters of 2014 force 51% code fix immediately adopted by all miners
Bitcoin also reverts to code defensive against ASIC and GPU, Intel stock sores on the news
Bitcoin established as reserve currency for the Republic of Congo
Federal Reserve releases digital currency to compete with Bitcoin, one FedCoin is pegged to the value of a US Postage Stamp
Bitcoin ends year at $3k

All said, I am hodling

[ElectricMucus]

Not a prophecy but a statement: mtgox is too big to fail, deal with it.

[aminorex]

Not a prophecy but a statement: mtgox is too big to fail, deal with it.

Dead man walking then.

[Walsoraj]

In 2016:

Dogecoin overtakes Bitcoin.

[hyphymikey]

This thread is dedicated to bad news prophecies only?

[traderCJ]

I'd like to add to the 2014 predictions:

Bitcointalk will update its spell checker to accept "hodl".

This thread is dedicated to bad news prophecies only?

He did predict a 2015 recovery didn't he? 

[DieJohnny]

This thread is dedicated to bad news prophecies only?

Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people

[Odalv]

OP ... and then you will wake up with hand in the potty.

[knightcoin]

I'd like to add to the 2014 predictions:

Bitcointalk will update its spell checker to accept "hodl".

This thread is dedicated to bad news prophecies only?

He did predict a 2015 recovery didn't he? 

True, hodling still tricking search engines outside our cluster ( search engines are clever but not clever enough to break into all human language nuances ) they need break a threshold ( google got about 86,300 results, index)

-ps0 About AI ( 10 minute gentle intro Artificial Intelligence for Humans, Volume 1: Fundamental Algorithms ( http://www.youtube.com/watch?v=Ftk0iTdGlN4 ))

[ablewasiereisawelba]

This thread is dedicated to bad news prophecies only?

Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people

That would represent the slowest growth Bitcoin has ever experienced.

[kkaspar]

2014-2016
A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin.


This is the only thing I am quite sure of Hard to predict when will it happen though.

[Bitbuy]

2014-2016
A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin.


This is the only thing I am quite sure of Hard to predict when will it happen though.

Intruiging! Can I kindly ask on what this is based, or did a little bird tell you?

[T.Stuart]

2014-2016
A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin.


This is the only thing I am quite sure of Hard to predict when will it happen though.

Maybe you are joking but if not you are not allowing for psychology.

Bitcoin has massive momentum compared to all others. And psychologically this momentum counts for much more than the sum of its technical, geographical, business, etc. parts.

The fact that there are so many altcoins actually counts against them. You've got "Bitcoin... then all the rest" and not "Bitcoin... and its three competitors" for example. Litecoin is miles away from Bitcoin. The fact that there are so many alts cheapens them and also makes people automatically more suspicious of any new attempt to "jump on the bandwagon" and create a new coin. It has already got to farcical levels with Coinye etc. This is a sign that creating a new coin, even if it comes from a big player, government or business, will be very tough right now. Any new coin will have to gain traction by itself and the sign it is really something will of course be when its price is not tied to Bitcoin. I cannot see a serious altcoin competitor overtaking Bitcoin for a long time - absolute minimum several years (between 5 to 7) before this might begin to happen.

[Wilhelm]

$50 per coin WAHAHAHAHAHAH bet your having wet dreams ....

[RodeoX]

2014-2016
A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin.


This is the only thing I am quite sure of Hard to predict when will it happen though.

There might be a new more compelling coin someday, but it is not going to come from a software company. One of the most important things about bitcoin is it's open source nature. No proprietary software can ever compete with bitcoin because of trust. I would not give a penny for some company's stupid coupons. Coupons that they control the value and supply of? Please.

[aminorex]

2014-2016
A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin.
This is the only thing I am quite sure of Hard to predict when will it happen though.

If ripple can't do it, it's unlikely anyone else can.

[XxionxX]

$50 coins? I wish. Have you been looking at my Christmas list?

[Dafar]

This thread is dedicated to bad news prophecies only?

Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people

Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news

[mestar]

Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news

Since bitcoin in probably the only financial instrument where increase in price causes a guaranteed increased selling pressure, due to the fact that miners have to cover their costs,  I would say that any strong past performance will actually cause the price to decline in the future, and not continue in the up direction.

So, if it stays at 1k at the end of 2014, this would be extremely surprising result.

[aminorex]

Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news

Since bitcoin in probably the only financial instrument where increase in price causes a guaranteed increased selling pressure, due to the fact that miners have to cover their costs,  I would say that any strong past performance will actually cause the price to decline in the future, and not continue in the up direction.

So, if it stays at 1k at the end of 2014, this would be extremely surprising result.

I see.  So what you're saying is that the higher the price goes, the less it is worth.