Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rpietila
on 14/04/2014, 13:20:57 UTC
The market today does not give more than 12% probability of that happening; probably much less than that.

That's why I am buying and telling others to buy.

Bitcoin has a long and glorious history that its price has had nothing to do with long-term expected value. My estimate of scenario-probability-weighted discounted 2020 value of 1 bitcoin is about $500,000 and the fact that the majority of players in the market think differently, is my advantage.