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Author Topic: I heard Bitcoin was suppose to go to $10 today?  (Read 3128 times)
TheMage (OP)
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June 02, 2014, 04:44:50 AM
 #1

It's true guys, a professor in finance at the Boston University School of Management and is a former Federal Reserve Bank examiner told me so. Bitcoin is going to drop like a rock in a few hours  Roll Eyes.


http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12

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June 02, 2014, 05:06:51 AM
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It's true guys, a professor in finance at the Boston University School of Management and is a former Federal Reserve Bank examiner told me so. Bitcoin is going to drop like a rock in a few hours  Roll Eyes.


http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12
yeah, well I heard it would go to $20,000.  WTF?  Who is right around here?

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June 02, 2014, 05:08:01 AM
 #3

You heard wrong. It goes to $10 by the end of June. Wink

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June 02, 2014, 05:09:47 AM
 #4

I was wondering when this day would come
So I guess its time to say you sir just got served by Bitcoin BTC
So much for the flawed DNA of Bitcoin then again he has fun bashing
http://www.businessinsider.com/author/mark-t-williams

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June 02, 2014, 05:11:47 AM
 #5

I sure would buy a lot of bitcoin at 10$.

I'll buy all your bitcoin right now for 11$ each.

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June 02, 2014, 05:15:48 AM
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Ha! One day, he'll be having lunch, someone will recognize him, come up, and calling him "flawed DNA," ask what his prediction for 2015 will be.
TheMage (OP)
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June 02, 2014, 05:19:25 AM
 #7

You heard wrong. It goes to $10 by the end of June. Wink

Ohhh my mistake, I made a wrong assumption! Please forgive me!  Grin

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June 02, 2014, 05:20:10 AM
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Who knows? May be he thinks that he could travel back in time and go to 2012.  Grin

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June 02, 2014, 05:26:45 AM
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He came out and said that he was sticking to his claims didn't he? I think he just extended his time table...
TheMage (OP)
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June 02, 2014, 05:27:50 AM
 #10

He came out and said that he was sticking to his claims didn't he? I think he just extended his time table...

Thats called a "cop-out" lol

Hi Keithers Smiley

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June 02, 2014, 05:29:31 AM
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Mind = Blown
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June 02, 2014, 05:30:58 AM
 #12

He came out and said that he was sticking to his claims didn't he? I think he just extended his time table...

Thats called a "cop-out" lol

Hi Keithers Smiley

Sup Mage! Thought I'd drop by your thread...  Smiley. His longer time table is better than saying he was completely wrong... Haha
TheMage (OP)
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June 02, 2014, 05:33:06 AM
 #13

He came out and said that he was sticking to his claims didn't he? I think he just extended his time table...

Thats called a "cop-out" lol

Hi Keithers Smiley

Sup Mage! Thought I'd drop by your thread...  Smiley. His longer time table is better than saying he was completely wrong... Haha


I would love to engage in an email with him....I might just do that if I had direct access to him. Maybe ill do some investigation tomorrow and see if i can get an email for him.

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June 02, 2014, 05:36:07 AM
 #14

I don't have a link but there was a moron from yahoo I thing that wrote " bit coins eulogy" during the March sell off. I would love to hear him admit he was wrong but I am not holding my breath.

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June 02, 2014, 05:36:31 AM
 #15

A professor of risk management? Soon this man will be a laughing stock. He has discredited himself.

If that university has any self-respect whatsoever, this man will never teach there again.

Or is he tenured?

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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June 02, 2014, 07:05:01 AM
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I do not believe it! The BTC has intrinsic value and would never decline as low as that.  The difficulty is so high and in order to mine some BTCs, you have to buy miner and pay for the electricity.   

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June 02, 2014, 07:08:22 AM
 #17

I sure would buy a lot of bitcoin at 10$.

I'll buy all your bitcoin right now for 11$ each.
11.01  Grin

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June 02, 2014, 07:55:03 AM
 #18

If the value will drop suddenly to 10$, in no time thousands of bots will buy all that they can afford quickly regaining the old higher price.

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freedomno1
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June 02, 2014, 08:24:00 AM
 #19

Ha! One day, he'll be having lunch, someone will recognize him, come up, and calling him "flawed DNA," ask what his prediction for 2015 will be.

I agree found the coindesk article
Williams should recognize that when you discuss what you do not understand, you inevitably end up looking like a fool. However, he did not, and his folly should hopefully warn other economists to closely analyze Bitcoin before making bold claims about its future. If not, that’s okay too, because /r/Bitcoin can always use some more comedic fodder.
http://www.cryptocoinsnews.com/news/mark-t-williams-bitcoin-price-prediction-wrong/2014/06/01

Oh boy got a beautiful list of myths
http://www.cryptocoinsnews.com/news/mark-t-williams-bitcoin/2014/02/17

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June 02, 2014, 08:58:20 AM
 #20

Groups that are against bitcoin:

Banks
Governments
Professors
Economists

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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