Time is Running Out for Mark Williams Prediction of a $10 Bitcoin

[cccarnation]

Technically, "1 share of Bitcoin" is a Satoshi, which at this point in time, is worth substantially less than 1 US cent.
But yeah, would be good to see BTC go to 4-digits soon, and stay there after the pop - then we can all conclusively laugh at the clown shill this man is.

[PalmerLaura]

The article that started the conversation

[CryptoCurrencyInc.com]

Boston University Economist Mark T. Williams’ Bitcoin Price Prediction Will Be Proven Ridiculously Wrong
http://www.cryptocoinsnews.com/news/mark-t-williams-bitcoin-price-prediction-wrong/2014/06/01

[Swordsoffreedom]

A bet that no one else but Mark Williams would take now if he put his money where his mouth is this would have been an interesting bet.
However since he did not we can just have fun poking at him
Now I wish they would change the economics books sigh teaching a whole generation of bad economists

[Ron~Popeil]

There are a lot of wrong people regarding bit coin. Very few actually own up to it and even fewer change their thinking even when proven wrong.

[TrailingComet]

It's pretty obvious that he was just looking for a headline
He has built his personal equity now, but for his prediction he would be a Boston Uni prof nobody had ever heard of

[MICRO]

Boston University Economist Mark T. Williams’ Bitcoin Price Prediction Will Be Proven Ridiculously Wrong
http://www.cryptocoinsnews.com/news/mark-t-williams-bitcoin-price-prediction-wrong/2014/06/01

He is probably buying bitcoins rigt now, and dont care about his wrong prediction.

[adamselene]

It's pretty obvious that he was just looking for a headline
He has built his personal equity now, but for his prediction he would be a Boston Uni prof nobody had ever heard of

Exactly. The guy likes to be in the spotlight and brought on all of these panels and news segments as the counterpoint. In the unlikely event that somehow Bitcoin doesn't make it, his brand will soar. He'll be the next Krugman.

[Beliathon]

A moment ago, someone dumped another $370,000 of fiat wealth into Bitcoin. Take from that what you will.

[Ron~Popeil]

A moment ago, someone dumped another $370,000 of fiat wealth into Bitcoin. Take from that what you will.

Nice! Maybe start another rally.

[micax1]

Me personally waiting not for 10 but for 10000 USD for bitcoin )

[mamarried]

The problem with his prediction is not that "BTC will suddenly go ridiculously down", but with not explaining why it should go to $10 and not to $20 or $1.

[mamarried]

If BTC legitimately appreciated to $10 point while still being held by very few people, then why can't the same process legitimately bring it to $100 or $1000? Mark Williams did not answer these questions. He just said that Bitcoin is stupid and thus overpriced. But he didn't explain why any other price is "correct".

[marcus_of_augustus]

If he had said BTC will go to $10 in Feb 2009 he would have been considered a genius at this point ....

[KillGHashNow]

The funny thing is that he might actually end up being right if we don't purge Ghash.IO of most of its hashing power.

[MICRO]

The funny thing is that he might actually end up being right if we don't purge Ghash.IO of most of its hashing power.

They wont do, and wont be able to do 51% attack dont worry about it.

[jc01480]

Certainly explains why the US is in the debt predicament we're in.  Strangely, I hope he's right.  I'd love to buy in big at $10 a coin.  Lol...

[BorderBits]

LOL that you all think a few thousand people circle-jerk-speculating on internet pogs means that they're actually worth real money.  Idiots speculate and drive up the price and people who actually use btc as a store of value quickly unload their btc for product (drugs and kiddie porn, usually) and don't care about the cost of the pogs -- a bag of weed is $50 whether in real money or funbux, after all. 

[Ron~Popeil]

The funny thing is that he might actually end up being right if we don't purge Ghash.IO of most of its hashing power.

Why would we as a community purge anyone of anything? Advocating punishing someone for economic activity is contrary to what we are trying to accomplish here.

[jambola2]

The funny thing is that he might actually end up being right if we don't purge Ghash.IO of most of its hashing power.

Why would we as a community purge anyone of anything? Advocating punishing someone for economic activity is contrary to what we are trying to accomplish here.

Well , they are centralizing Bitcoin. So that is why they are receiving flak from the Bitcoin community.

They may increase activity , but they are not proving the integrity of Bitcoin.