Obviously it's a derisive putdown but it's unclear where it first appeared.

I seemed to be used almost immediately both here at Bitcointalk and at Reddit and quickly became a meme  of sorts, spawning countdown-to-$10 websites, a spoof Twitter account and getting prominent mention in his Wikipedia entry.

Like many memes the actual creator remains obscure.

Anyone have more info?

If it will go below 10$ than will mean that bitcoin failed and will be replaced by something else.

Yes. If* we fall below $10, it will be an irrefutable indicator that people have abandoned Bitcoin in such a drastic way that the experiment may be regarded as failed. It will have been a great experiment, but Bitcoin will have proven itself faulty for most cases.

*Remember, big if

It is already a functioning worldwide payment network backed by a 500million infrastructure, with constantly growing adoption numbers. And you propose to value all the "shares" of this network at measly 1 billion dollars ($100 per btc)? This is a total joke. And please, if btc is ever traded at $10 per one that would mean lights are off and every last bit of money has left elsewhere. Provided that the idea can not die, that would mean there is a much larger network for some other crypto in place already, you'd notice if that happens...

So the price now is very much near the $300-400 bottom, from where the new rally would start once capital reassesses total value of the network and the rush to get in starts. Nobody knows when that happens, but the recent training moves to $550 region were pretty solid and quick, while retractions are getting weaker and slower. Three months ago, we ran from these levels to $600 in just 10 days. Retraction is taking three months and we're still not at $400 yet...

It's simple, a lot of people haven't been around for that long. They only see Bitcoin's price going down, so they think the big bubble is over. They don't even consider there have been quite a few bubbles before! They need to experience some bubbles first, before they see that prices do go back up afterwards.

bitcoin is heading back to where it came from, $0.000001

LOL

Last year $30 was the magical number that some people deemed necessary for capitulation. This represented the ATH of the Great Bitcoin Bubble that saw the price increase 30-fold.

Needless to say, it never fell that low.  During the crash of 2013, following a smaller bubble that only saw a 20-fold increase, it briefly touched $50 between dead cat bounces but true capitulation occurred  at $66.

During the crash from last December's little bubble that barely saw a 10-fold increase, it briefly touched $350 between bounces but capitulation appears to be occurring well over $400.

Ten bucks? LOL

Wishful thinking at best. More likely a fantasy of delusion.

Yeah well, of course it isn't a one-way street, but if it should still continue to succeed, I guess we haven't seen the top of the mountain. There's still untapped potential, quite a lot of it, actually. That's why I remain optimistic about Bitcoin's future!

I hope so this will happen. I can wait till early 2015 if needed. Would be awesome.

What kind of Professor is doing such shitty predictions? i hope he doesnt teach economy.