[2018-11-12]Bitcoin is Going to Face its Final Decisive Moment, an Expert Predic

[Vladdirescu87]

Bitcoin is Going to Face its Final Decisive Moment, an Expert Predicts

With all these staggering price dips, this year has obviously not been a huge success for crypto market investors. A prolonged bear market has caused many people to talk about a possible crisis and even a crypto crash. Many people fear a possible negative outcome but Tyler Cowen does not.

A professor of economics at George Mason University, Tyler Cowen also writes an opinion column for Bloomberg. In one of his recent articles, he states that a decline in digital currency growth can actually be a good sign.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-is-going-to-face-its-final-decisive-moment/

[Ultrasound]

I think the bitcoin will survive long term. There will be final decisive moment now and in the near future. The bitcoin cash will face a final decisive moment in a few days.

[fisheater]

I don 't think now it is a critical time for bitcoin. I've been hearing that bitcoin will not survive all the way along, since late 2012 when I know bitcoin, they are simply all non-sense.

[ZombieSlayerTank]

I don't think there is such a thing as a final decisive moment.  I think that it'll have its ups and downs but not some final bang.

[darkangel11]

All these analysts are saying this because they're comparing 2014 with 2018. In 2014 there were months of stable trading followed by another drop that ended with Bitcoin losing almost 50% of its ATH value in 2014 and another 40% in its second year, that ended up with an almost 90% decline. This time it's different. We went down by 70% in the first year.
Since the first half wasn't the same we shouldn't count on the second one to be.

[milewilda]

All these analysts are saying this because they're comparing 2014 with 2018. In 2014 there were months of stable trading followed by another drop that ended with Bitcoin losing almost 50% of its ATH value in 2014 and another 40% in its second year, that ended up with an almost 90% decline. This time it's different. We went down by 70% in the first year.
Since the first half wasn't the same we shouldn't count on the second one to be.

Analyst would normally checked out past movements and comparing into the present ones to make tie up predictions.The thing you said was right we did go down on 70% on first year and might be worst on next year to come if we try to go the same path on 2014 onwards. No can foreseen on whats ahead but i dont really believe that Final Decisive moment when it comes to Bitcoin.
We wont know if it would shoot up its price this last month of 2018.

[RodeoX]

So the guy who missed the biggest development in his field is an expert? And now he has advice for us? 

[Betwrong]

It is unclear, why is it, according to Tyler Cowen, a ‘do or die’ moment? Also what did he mean by "moment"? A month? A year? Well, most likely, he meant the upcoming 2 months during which Bitcoin "should rise big time" according to some expectations. But what if Bitcoin drops 10% during that time instead? Will it be the "die moment" according to Cowen? Why? Imo, it's a pretty shallow analysis for a professor of economics.

[1Referee]

So the guy who missed the biggest development in his field is an expert? And now he has advice for us?  

I love it. The longer people, especially so called experts, don't know what this shit is about, we'll be able to buy our coins at reasonable enough prices for many more years to come.

If everyone understood what Bitcoin was, and we all turned into hodlers, the price would have gone way past $100,000 already to never fall back down again.

Amazon's stock price during the internet bubble peaked at $107 to fall below $7 not long after that. That's a 93% correction. It was purely end of the craze around that time that resulted in the price of that stock to tank, and that while Amazon itself was doing better than ever before. Look at Amazon right now, it's one of the world's largest companies. Utility won here, so will utility win with Bitcoin.

[Kemarit]

LOL. I think we should really put up a new category, sort of like 'crypto-economic expert' and then there's the so called 'expert predictors' or something. With all due respect to Tyler Cowen, he is really good because of his economic background, however, crypto economics is very different and they can't really apply their school of thoughts here because this market is fuel by speculation. Do or Die? We just barely scratch the surface, bitcoin is like 10 years old and still in its infancy. A lot of things can happen in the future and bitcoin has proven a lot of its critics wrong and I think that Tyler Cowen will also be another statistics for being a crypto critic who have been disproved by Bitcoin.

[buwaytress]

So the guy who missed the biggest development in his field is an expert? And now he has advice for us?  

I love it. The longer people, especially so called experts, don't know what this shit is about, we'll be able to buy our coins at reasonable enough prices for many more years to come.

If everyone understood what Bitcoin was, and we all turned into hodlers, the price would have gone way past $100,000 already to never fall back down again.

Amazon's stock price during the internet bubble peaked at $107 to fall below $7 not long after that. That's a 93% correction. It was purely end of the craze around that time that resulted in the price of that stock to tank, and that while Amazon itself was doing better than ever before. Look at Amazon right now, it's one of the world's largest companies. Utility won here, so will utility win with Bitcoin.

Expert in missing out, indeed. Sometimes though I wonder if these guys were all unwittingly dragged out by desperate journalists, forced to comment and then soundbited out of context. On the face of it does look like this professor found a podium and took stand, delivering what probably awes his peers and students.

If academics are still looking for the spectacular in Bitcoin, I suppose we can't blame the throngs of speculators doing the same every day. For them, This is still some epic Hollywood dramatisation on a cliffhanger, waiting for some flourished ending.