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

[bryant.coleman]

I could never understand how that fellow received all that press. Anybody can toss out some predictions, making some wild guesses.

I am not surprised. I have heard that Visa / Master are hiring lobbyists and spending millions of USD to counter the popularity of Bitcoin. A media propaganda campaign is not entirely unexpected or out of the blue.

[jc01480]

My signature.

Very nice!

[MICRO]

Time is Running Out for Mark Williams Prediction of a $10 Bitcoin
http://bitcoinmagazine.com/13562/time-running-mark-williams-prediction-10-bitcoin/

That is nearly impossible to happen , it would require world apocalypse for that to happen. LOL.
To many people using it already so it will be harder and harder to drop the price.

[Trading]

I would like to see him invest his money as easily as he talks.

Why not invest in some shorts? He can end up very rich... if he's right.

[wachtwoord]

Why do people feel the urge to speculate in either direction when they don't understand? Who do they wish to say that something goes to the floor when it does not go to the floor? The answer: attention. I hope he enjoyed his (short lived) fame.

[Trading]

He already got way more than the promised 15m (Andy Warhol).

Perhaps there is indeed some people paying certain journals against bitcoin.

It seems I'm starting to believe in conspiracies...

"yo no creo en brujas, pero que las hay, las hay".

[bitcoinanon]

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

We can only dream for such a dump, but it'll never ever happen. Ever.

And we have been having this dream since the beginning of last year...

[acs267]

He didn't even use any logic, or tried to back up any of what he said. He should just pull a Metcalfe, and we can provide the blender.

[bananaControl]

He's a fucking idiot, yes, I called him an idiot.

He was proven wrong and now his arrogance is stopping him from admitting it, and instead just says that some day it will go down and crash. Yeah beautiful, so too will the fucking earth itself.

He should put his money where his mouth is just like most of us here already does. Until then this clown is just not worth anyones time.

[Dalmar]

He will ask his fed buddies to print a few 100 million dollars so they can naked short bitcoins to oblivion near his deadline.

Only way he could still look prophetic with that whacky predication.

[jc01480]

I would like to buy your $10 bitcoins.  Just throwing that out there. 

[jonald_fyookball]

He will ask his fed buddies to print a few 100 million dollars so they can naked short bitcoins to oblivion near his deadline.

Only way he could still look prophetic with that whacky predication.

I don't think that would work.  Not enough market depth.  The price would get driven way up trying to "borrow" enough coins.

Anyway Mark Williams is obviously being proven wrong and he's been wrong the whole time because  he doesn't understand (or doesn't want to understand) the importance, the value, and the genius of blockchain technology.

[ZipperCoin]

Bitcoin at $10 will openly happen in extreme scenarios. Even the Mt Gox robbery could not make BTC to go below the $300 mark. Only if some previously unknown bug is found, which makes double spending and counterfeit possible, the BTC can go below $10 mark. And I don't think that such chances exceed more than 0.00000001% in probability for a 100-year return-period. 

Agreed!

[zimmah]

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

probably not even then.

[MahaRamana]

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

probably not even then.

Nobody has 2-4 million coins.

Bitcoin creator supposedly has 980 000 BTC. But they have not moved or been used once in many years, fuelling speculation that they might be lost.
Anyway, no sane investor would dump all his coins at once on the market.

[MahaRamana]

I could never understand how that fellow received all that press. Anybody can toss out some predictions, making some wild guesses.

Not many people dare to put their reputation on the line with such an unlikely prediction.
Even if he believes so, he would not have made this public prediction if he didn't get paid to do so, or he must be extraordinarily stupid.

[acs267]

lmao, its like the guys that said internet was a fad

I don't think it's worse than what Metcalfe said. He said the Internet would literally crash, or 'die out on itself'. At a Internet conference, he took a blender and put some water in it. He proceeded to put the article in which he said that, and drunk it in front of everyone.

Anyway: Can't believe anybody believed this guy. He's not even holding up to his word. But if a Bitcoiner did this, It'd be hands on loose.

[bryant.coleman]

Bitcoin creator supposedly has 980 000 BTC. But they have not moved or been used once in many years, fuelling speculation that they might be lost.
Anyway, no sane investor would dump all his coins at once on the market.

There are many possibilities.

1. Satoshi might be dead.
2. He don't have the private key for any of these wallets.
3. He might have send the coins to someone else, who might have lost the private key.

[Beliathon]

Only Satoshi Nakamoto has the power to bring back the $10 bitcoin, and even (s)he/they could only make it happen for a few hours at best. Word would spread extremely quickly, a massive buying frenzy would follow.

[MICRO]

Hmm... What about 51% attack ? That would crash bitcoin seriously . And ghash.io is rly close to be able to do 51% attack, (not saying they will) .