Quote from: Loki8 on November 12, 2013, 11:13:46 AM

Quote from: david64 on November 11, 2013, 11:20:17 PM

With this recent spike, do you think BTC is going to crash?

Alessio Rastani: Why Bitcoin will crash to $30

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

Everyone is entitled to thier opinion. But opinions are like assholes, everyone has one and they mostly stink.
Fair play to Alessio. But he obviously doesn't seem to understand the concept fully.
He repeatedly quotes from other sources who don't seem to understand the concept either. And generally has a pretty scathing/distrusting/traditional investor/old school (world) viewpoint on it. He hardly wrote this piece from an open minded viewpoint.
No, he picked all the ill informed propaganda spewing bitcoin related viewpoints he could and poured hi own cold water on the subject.
Interrestingly the article was written in August of this year. So.. so far he has been the opposite of correct.
I don't discount the posibility that hwat he is predicting could happen one day. It's just that based on my own research, and approaching the subject open mindedly, i completely disagree with him.