Professor Bitcorn is right, BTC to $10

[KLD]

If the price discovery mechanism on gox was more rigged than a Bernie Madoff scheme on crack, then propped up by china and the pumpers; early adopters and gox hackers cashing out we could see some serious mean reversion to the levels of the bubble to $30 as the music comes to a halt  

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[dropt]

Another self professed moron.  Thanks for sharing, you guys certainly make it easy to know whom to place on ignore.

Cheers!

[sx100]

Who's Professor Bitcorn?

[KLD]

I realise this isn't anything new, arguments and discussions around organic growth have been made.  To me the data dump from the from the Mt Gox data base and subsequent Willy report is still the elephant in the room. Claims that Willy began trading in November 2013 before the $1200 bubble leading to speculation that another bot has been operating as early as feburary 2013  when the price of BTC was $20 and before the run up to $260. Granted many bulls will say that we have had a massive correction already and this is old news the price has dipped into the $300s and since recovered.  Or was this just a bull run in a very long bear market? Illustrated from the price action from the $420 sideways and then break out and run up to $680.  Beyond trolling, some people here must have genuine concerns as to whether we need to have a proper reset to correct this folly.

[HarHarHar9965]

Who's Professor Bitcorn?

I'm 90% sure that's referring to the BU finance professor that called bitcoin a ponzi (or something similar) and said we'd be trading at $10 this year. If we make it to double digits, I won't look at him like an idiot anymore.

[ensurance982]

Well, he missed his deadline already, so unless the Bitcoin price transcends space and time, he already is, and will always be, wrong with the statement he made there. Sure he can make additional statements, but that specific one clearly turned out to be bogus. Period.

[vuduchyld]

I wish I could buy at $10 right now.  Hell, double it to $20 and I'd buy a SHIT TON.  I'd even buy some kind of option that wouldn't allow me to unlock value for 5 years.

Man, I hope the Professor is right!  But unfortunately, I won't be able to accumulate at that price.  So sad.

[ensurance982]

I wish I could buy at $10 right now.  Hell, double it to $20 and I'd buy a SHIT TON.  I'd even buy some kind of option that wouldn't allow me to unlock value for 5 years.

Man, I hope the Professor is right!  But unfortunately, I won't be able to accumulate at that price.  So sad.

But hey, you're able to accumulate at today's prices A lot of people will agree that today's prices may be the $10 or $20 of 2019 or some years in the future. I'd like to come back to this thread in 5-10 years

[minerpumpkin]

Yeah, well he already turned out to be wrong, since he put up a time-frame during which this incident had to occur - which it didn't. Even leaving that aside for a moment, I really don't believe Bitcoin to go to $10 again. Really don't.

[Ayers]

again, is this the same price, that bitcoin was before the pump to 600? it really seems the same, and now is pretty stable

[staaaagnating]

again, is this the same price, that bitcoin was before the pump to 600? it really seems the same, and now is pretty stable

Yes, of course it's stable! We will remain on this level for the time being! This is the perfect equilibrium and everyone who claims we will rise or fall from this level are simply wrong, it's irrefutable!

[Mellnik]

[InwardContour]

...

early adopters and gox hackers cashing out we could see some serious mean reversion to the levels of the bubble to $30 as the music comes to a halt  

The same was said when the price was at about 3$, but we know what happened then...

[sehnye]

So if I would sell all my btc holdings now and then buy back when the price will be $10 I will be rich in the future?

[Odalv]

http://lmgtfy.com/?q=profesor+bitcorn

[yayayo]

Huge influx of new members predicting bitcoin apocalypse posting outdated, irrelevant, or fabricated facts to draw arbitrary conclusions. Bullish if you ask me.

Regarding professor bitcorn: http://www.professorbitcorn.com/

ya.ya.yo!

[crocko]

If the price discovery mechanism on gox was more rigged than a Bernie Madoff scheme on crack, then propped up by china and the pumpers; early adopters and gox hackers cashing out we could see some serious mean reversion to the levels of the bubble to $30 as the music comes to a halt  

It seems your Professor Bitcorn isn't quite accurate  

[yayayo]

If the price discovery mechanism on gox was more rigged than a Bernie Madoff scheme on crack, then propped up by china and the pumpers; early adopters and gox hackers cashing out we could see some serious mean reversion to the levels of the bubble to $30 as the music comes to a halt  

It seems your Professor Bitcorn isn't quite accurate  

Please don't jump to premature conclusions! He said it will trade below $10 a share! He could still be right after we find out what a bitcoin share is... 

ya.ya.yo!

[peeveepee]

He should not give a time frame.

Like fiat, even bitcoin will be replaced eventually. So given long enough time, he will be right.

[JimboToronto]

He said it will trade below $10 a share! He could still be right after we find out what a bitcoin share is..

That made me laugh too.

How did this dingbat ever get to be a professor without knowing what a share is?

Does he think Bitcoin is a company?

I wonder what he thinks a Dollar share or a Euro share will be worth.

Maybe he'd better ask the CEO of Dollars or the CEOs of Bitcoin and Euros.

The guy's a laughingstock.

Would you waste your money on tuition to send your kid to Boston University if they keep airheads like this on faculty?