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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806426 times)
Melbustus
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May 30, 2014, 04:50:47 PM
 #8481

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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.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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May 30, 2014, 04:58:54 PM
 #8482

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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
 #8483

Silver getting slaughtered, long term 19 support gone.
cypherdoc
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May 30, 2014, 05:08:50 PM
 #8484

Silver getting slaughtered, long term 19 support gone.

yes, but Goat is getting richer.
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May 30, 2014, 05:41:25 PM
 #8485

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
 #8486

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
 #8487

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.
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May 30, 2014, 07:36:44 PM
 #8488

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
 #8489

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
 #8490

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
 #8491

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
 #8492

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!
YipYip
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May 31, 2014, 12:40:33 AM
 #8493

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
cypherdoc
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May 31, 2014, 12:44:39 AM
 #8494

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
 #8495

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
 #8496

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
 #8497

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
 #8498

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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May 31, 2014, 02:48:11 PM
 #8499

...
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.





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.





What a weasel...


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
Adrian-x
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May 31, 2014, 03:13:25 PM
 #8500

...
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.


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.

What a weasel...


I came here to say just that, what a dweeb. In other news the world will end in the next 6 months - sorry I still believe it will end it may be 6 months or a year but it's going to end. And don't hate me I'm not along in my prediction that life on earth is in a bubble.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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