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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022441 times)
chriswilmer
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May 30, 2014, 04:20:40 PM
 #8461

Where's Mark Williams these days?

From December:

"One of the harshest critics is Mark Williams, who teaches finance at the Boston University School of Management. He predicts that in the first half of 2014, bitcoins will lose almost 99 percent of their value, falling below $10. "

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/10/this-finance-expert-thinks-bitcoin-will-fall-99-percent-by-june/

Just bugs me to no end that there's essentially no career risk for these "experts" to make such harsh predictions and be so thoroughly wrong. If an engineer is ever that wrong, bad things happen, and they don't get work again. When a finance/econ guy is aggressive, harsh, willfully ignorant, and ultimately dead-wrong....his career is usually just fine.

Someone should hold him accountable... do an interview with him and get his response (today) about being so wrong on record.
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Torque
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May 30, 2014, 04:23:18 PM
 #8462

Where's Mark Williams these days?

From December:

"One of the harshest critics is Mark Williams, who teaches finance at the Boston University School of Management. He predicts that in the first half of 2014, bitcoins will lose almost 99 percent of their value, falling below $10. "

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/10/this-finance-expert-thinks-bitcoin-will-fall-99-percent-by-june/

Just bugs me to no end that there's essentially no career risk for these "experts" to make such harsh predictions and be so thoroughly wrong. If an engineer is ever that wrong, bad things happen, and they don't get work again. When a finance/econ guy is aggressive, harsh, willfully ignorant, and ultimately dead-wrong....his career is usually just fine.

Yep, so called "experts" have been making wrong predictions throughout time, some of them so blatantly wrong it's ridiculous.  Especially in the last 100 years or so.  And since there is zero penalty for some "expert" asshat to made a terribly wrong prediction, it will just continue ad nauseum in the future.

http://www.rinkworks.com/said/predictions.shtml

http://www.professorbitcorn.com

Mark Williams has 30 days left to be correct, or get laughed out of existence.  It's completely plausible that we may see an ATH in 30 days or so, which would be even funnier.
Melbustus
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May 30, 2014, 04:50:47 PM
 #8463

...
Mark Williams has 30 days left to be correct, or get laughed out of existence.  
...


Except that he'll just say "Ok, my prediction was early. It'll still happen." And then happily continue to take his paycheck.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
spazzdla
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May 30, 2014, 04:58:54 PM
 #8464

...
Mark Williams has 30 days left to be correct, or get laughed out of existence.  
...


Except that he'll just say "Ok, my prediction was early. It'll still happen." And then happily continue to take his paycheck.

This.

There is only 1 way BTC goes to $10,  someone cracks SHA.
Dalmar
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May 30, 2014, 05:07:41 PM
 #8465

Silver getting slaughtered, long term 19 support gone.

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cypherdoc
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May 30, 2014, 05:08:50 PM
 #8466

Silver getting slaughtered, long term 19 support gone.

yes, but Goat is getting richer.
Adrian-x
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May 30, 2014, 05:41:25 PM
 #8467

Where's Mark Williams these days?

From December:

"One of the harshest critics is Mark Williams, who teaches finance at the Boston University School of Management. He predicts that in the first half of 2014, bitcoins will lose almost 99 percent of their value, falling below $10. "

http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/10/this-finance-expert-thinks-bitcoin-will-fall-99-percent-by-june/

Just bugs me to no end that there's essentially no career risk for these "experts" to make such harsh predictions and be so thoroughly wrong. If an engineer is ever that wrong, bad things happen, and they don't get work again. When a finance/econ guy is aggressive, harsh, willfully ignorant, and ultimately dead-wrong....his career is usually just fine.
In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
boumalo
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May 30, 2014, 06:26:48 PM
 #8468

Gold and BTC have one hell of a relationship..  It's like freaking clock work.. BTC up gold down..  Gold up BTC down.

I wait the time when they will both shoot up to new highs unbelievable now

Sadly a lot of bad news will happen soon for the western financial sectors; the States and some European Countries keep having a public deficit, a commercial deficit and increasing unfunded liabilities

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May 30, 2014, 07:28:34 PM
 #8469

Gold and BTC have one hell of a relationship..  It's like freaking clock work.. BTC up gold down..  Gold up BTC down.

I wait the time when they will both shoot up to new highs unbelievable now

Sadly a lot of bad news will happen soon for the western financial sectors; the States and some European Countries keep having a public deficit, a commercial deficit and increasing unfunded liabilities

Through most of history there's only been one true form of money, gold. Occasionally, we've had short periods of bi-metallism.

To think it will be any different with Bitcoin and gold, or Bitcoin and altcoins is to defy history.
impulse
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May 30, 2014, 07:36:44 PM
 #8470

In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!
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May 30, 2014, 07:59:41 PM
 #8471

Quote from: Adrian-x link=topic=68655.msg7040757#msg7040757 date=14014716u85
In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.
Adrian-x
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May 30, 2014, 10:37:15 PM
 #8472

Quote from: Adrian-x link=topic=68655.msg7040757#msg7040757 date=14014716u85
In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.

I'll forgive him if he learns from his mistakes and takes responsibility for the FUD he spread at the senate herring.

Professor Bitcorn is my sell signal, when he says buy I'll start selling. I'm not sure if he will fit Bitcoin into his career, at first he was going to destroy his reputation over it now I'm not so sure. I may need to find a new datum, maybe Jorge from the wall observer. 

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
smoothie
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May 31, 2014, 12:35:27 AM
 #8473

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.



Ahh the good ole days!  Cheesy

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cypherdoc
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May 31, 2014, 12:39:42 AM
 #8474

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.



Ahh the good ole days!  Cheesy

this last consolidation felt just like that one.  we were stuck btwn 4.50 and 5.40 for months.

and then, BOOM!
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May 31, 2014, 12:40:33 AM
 #8475

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.



Ahh the good ole days!  Cheesy

Very bullish to $6 ..lolz

OBJECT NOT FOUND
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May 31, 2014, 12:44:39 AM
 #8476

i remember silverbox was riding my ass hard back then.  silver seemed so, so far away in price.

once we caught that mofo, Bitcoin was off to the races.

The Slingshot Effect!
Peter R
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May 31, 2014, 01:10:58 AM
 #8477

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.



Ahh the good ole days!  Cheesy

Very bullish to $6 ..lolz

No, the bear market's not over.  We need to see final capitulation below $1.  And those of you who think we'll hit $100 are just dreaming.  Never. Gonna. Happen.  

The good old days (when I thought bitcoin was play money because I was "too busy" to research what it actually was LOL).  

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
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May 31, 2014, 01:13:21 AM
 #8478

Here is a recent article discussing BTCs latest trip to the $600s as well as a comparison to gold.   Here is a copy of the chart from the article.   It is a pretty decent article:




http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/
cypherdoc
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May 31, 2014, 01:24:21 AM
 #8479

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.



Ahh the good ole days!  Cheesy

Very bullish to $6 ..lolz

No, the bear market's not over.  We need to see final capitulation below $1.  And those of you who think we'll hit $100 are just dreaming.  Never. Gonna. Happen.  

The good old days (when I thought bitcoin was play money because I was "too busy" to research what it actually was LOL).  

there were an enormous # of inexperienced FUD traders around here who used to think that a wall like that would be put up as a fake posturing tactic to scare ppl.  they blamed whales for those tactics.

i always said that the whales weren't stupid enough to take that kinda risk esp. given the lagginess of the trading engine on mtgox.  there would be no way a whale could guarantee getting out of the way of a big seller hitting their bid.  if you think it's volatile now, it was crazy then.
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May 31, 2014, 12:32:08 PM
 #8480

Quote from: Adrian-x link=topic=68655.msg7040757#msg7040757 date=14014716u85
In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.

Hey, good news. Looks like Professor Bitcorn is stubbornly sticking to his guns:

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Pound away.
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