Byron Wien Is Wrong About 2014, Just Like He Was About 2013
For the last 29 years, Mr. Byron Wien, currently vice chair of Blackstone Group Investment and Advising firm, has released a list of 10 surprise predictions for the coming year. He often includes predictions that he doesn't feel belong in the top 10, but that he still feels the need to flex his ego over and publish them anyways. This year, Bitcoin has finally made the list. Byron Wien describes a “surprise” as an event which would have an occurrence rate that the “average investor” would only assign a probability of 1/3. However, Mr. Wein, as a self-proclaimed “above-average investor,”....
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The vice chairman of investment and advisory company Blackstone Group, Byron Wien, has predicted that bitcoin will collapse in 2014. The prediction came from Wien's "surprise" prediction list - the list Wien says "do not make the [top ten] either because I do not think they are as relevant as those on the basic list or I am not comfortable with the idea that they are 'probable.'". As it is written: In 2½ years the price of a Bitcoin has increased from $25 to $975. The supply of Bitcoins is fixed at 21 million with 11.5 million in circulation. Bitcoins lack gold's position as a store of....
Nearly one month ago, we learned that Central Europe was slated to get their own bitcoin expo (dubbed the Central European Bitcoin Expo) in Vienna, Austria. That report indicated the event would be taking place at ACV, Austria Center Vienna (very original, we know). There seems to be a change of plans. Bitcoin news website Bitcoinist is reporting that there has been a change of venue for the event. The new location is purported to be Technische Universität Wien (Vienna University of Technology, also known as TU Wien). "Many attendees suggested the conference should have a better location....
After partnering up with the Vienna University of Technology, Cebexpo is changing the place of the conference from ACV to TU Wien. Bitcoin conference will take place on 31. May – 1. June on the grounds of the 200 years old University of Technology right in the “heart of Vienna”. “Many attendees suggested the conference should have a better location in the city. We also tried to find a place that would be closer to a club where the Bitcoin Party takes place. At the same time TU Wien decided to support our event and we went to see the Universities grounds. Location is great with beautiful....
The goal of this article is to review Bitcoin’s growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin’s market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this action-packed year for Bitcoin and look into what the future might yield. Before jumping into 2014, we will establish some key facts which will be revisited at the....
Results from the past do not offer guarantees for the future. It's the legal disclaimer that comes with every new financial brokerage account and trading promotion. And for good reason. Because results from the past, do not offer a guarantee for the future. Then again, history tends to repeat itself. Let's take a look at the two most recent Bitcoin bubbles: Bitcoin to USD - Jan 2013 to Oct 2013. Bitcoin to USD - Aug 2013 to Jul 2014. If you superimpose them over each other, a clear pattern emerges: Bitcoin to USD chart - April 2013 and December 2013 bubbles superimposed. The similarity....