Re: Bitcoin will plummet to $10 by first half of 2014

This man was obviously wrong

The price fell 60 dollars over the last 6 days, or 10 dollars per day (and accelerating). It will reach zero in 56 more days (or less), that is, by mid-September. So it will be "middle of Q3" instead of "end of Q2". Terribly wrong. Grin

I honestly think the whole thread was a troll.

The thread itself is really not a troll, as the OP was accurate in saying that the professor said this as he really did predict that bitcoin will be at $10 by the 1st half of the year. I do think that he is not up to date on all the economic principles that drive markets and that drive prices as it was really very unreasonable to seriously think something like that would happen.

"those who can do those who can't teach"...so taking generalizations, but yet in most generalizations there is generally some sort of truth in them...