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

[wachtwoord]

even if his prediction comes true, its still bitcoin. As long as its worth even 1 dollar, its still usable.. its still bitcoin

Usable for different things though.

[ljudotina]

even if his prediction comes true, its still bitcoin. As long as its worth even 1 dollar, its still usable.. its still bitcoin

It's usable even if it's 0.01$ or even less. You and me can trade even if noone else wants to use it. But yeah...point is...Williams is gonna get his ass raped 31.6 (figuratively speaking ofc) on Internet 

[gondel]

The only chance of Bitcoin dropping to $10 is if an early investor tosses 2-4 million coins on the market all at once.

Which is not very impossible. Not saying about the price drop, but there is a lot of cois forgotten by some people in the past. For example a friend of mine was having about 10 000 BTC in his old computer which now is on the trash and only god knows if someone in the future will find it and eventually looks into its HDD knowing that machine is from the early 21 century when BTC was invented.
BR
Gondel

[Febo]

The only chance of Bitcoin dropping to $10 is if an early investor tosses 2-4 million coins on the market all at once.

I think a dump of 100,000 bitcoin on bitstamp would bring the price to $10. However whoever did that would be throwing away 80% of their wealth for no reason, the price would again recover very quickly.

100k bitcoins alone cant do a shit. Someone doing that after some bad news, could maybe pull price till 100 USD for a day. But reality is, that BitCoin will just get tons of good news.

[MICRO]

The only chance of Bitcoin dropping to $10 is if an early investor tosses 2-4 million coins on the market all at once.

I think a dump of 100,000 bitcoin on bitstamp would bring the price to $10. However whoever did that would be throwing away 80% of their wealth for no reason, the price would again recover very quickly.

100k bitcoins alone cant do a shit. Someone doing that after some bad news, could maybe pull price till 100 USD for a day. But reality is, that BitCoin will just get tons of good news.

Yap 100k might drop price a bit but no way anybody would sell that low so price cant go down to much. And if u dump them all on lets say bitstamp it will only crash that exchange.
It will take much much more to crash bitcoin than 100k coins.

[jonald_fyookball]

And if u dump them all on lets say bitstamp it will only crash that exchange. 

Incorrect.  It will crash all exchanges due to arbitrage.

[moriartybitcoin]

dont be too hard on Mark, he was only off by a few powers of ten :-)

[FlowerMatt]

Has he demonstrated in any interview or article that he fully understands bitcoin? I remember for me when I first started trying to understand bitcoin I was very skeptical, but once I really understood the blockchain and how the public ledger works, that was kind of my "lightbulb" moment where I thought bitcoin could have a big future.

[BetMoose]

I really hope Mr. Bitcorn will come to our site in the next few days...

___________

$10 Bitcoin by June 30th, 2014Options: Yes | No

[jonald_fyookball]

Has he demonstrated in any interview or article that he fully understands bitcoin? I remember for me when I first started trying to understand bitcoin I was very skeptical, but once I really understood the blockchain and how the public ledger works, that was kind of my "lightbulb" moment where I thought bitcoin could have a big future.

i think he's demonstrated that he DOESN'T understand it.

[maxl]

I think bitcoin will not go down to 10$ in the next year or two.

[Jordan23]

He's was close. Only $600 or so off.

[Swordsoffreedom]

I really hope Mr. Bitcorn will come to our site in the next few days...

___________

$10 Bitcoin by June 30th, 2014Options: Yes | No

No one took that bet ha-ha
Not even Mark Williams would put his money into that and yep only off by over 600 dollars
Think it was 650 - 10 - 640 dollars off

[bitgold]

One big mouth, no substance.
That's all.

[GTA]

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.

[GTA]

Consider this: 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".

[Summer,69]

We get it (and he gets it). The guy is going to be proven wrong. Let's stop beating this dead horse, or risk making ourselves look like spiteful asses. If you care enough about him and feel like you must act, here's a suggestion. Tip him, make a donation in his name to Sean's Outpost, or do something that might welcome him into the community. Do something positive for a change.

[marcus_of_augustus]

We get it (and he gets it). The guy is going to be proven wrong. Let's stop beating this dead horse, or risk making ourselves look like spiteful asses. If you care enough about him and feel like you must act, here's a suggestion. Tip him, make a donation in his name to Sean's Outpost, or do something that might welcome him into the community. Do something positive for a change.

Yeah, right after he honestly and rightfully admits to all his motivations and agendas .... like that he's a paid shill for the bankers ...

[Swordsoffreedom]

We get it (and he gets it). The guy is going to be proven wrong. Let's stop beating this dead horse, or risk making ourselves look like spiteful asses. If you care enough about him and feel like you must act, here's a suggestion. Tip him, make a donation in his name to Sean's Outpost, or do something that might welcome him into the community. Do something positive for a change.

Yeah, right after he honestly and rightfully admits to all his motivations and agendas .... like that he's a paid shill for the bankers ...

That and the fact that he probably holds some Bitcoins himself.
Anyways guess this thread won't go away till he admits it or will be brought up years from now all over again but I do believe he does have an agenda.

[Mayuyu48]

yeah we passed half year mark and bitcoin still >$600
far above $10 like he predicted before
it seems nobody will read his prediction anymore in the future