Well, one of his predictions just came true - double digit ETH.
https://twitter.com/iamjosephyoung/status/1066659625448210433
And people didn't take to kindly to that call back in the day.
https://twitter.com/buddhacoiner/status/1029545976191582208
Topic: $2000 prospective low for bitcoin says Bitmex CEO Arthur Hayes (Read 579 times)
November 24, 2018, 08:27:36 PM
I declare that I officially hate this Arthur Hayes.
Y'know what's worst of all? He won't care that you hate him. The more hate and fear there is the more money he hoovers up. When everything's a smoking ruin he'll go off and colonise Mars, or buy the Maldives. And if him and Tom Lee were in the same room he'd reduce Tom to dust with the laser beams in his eyes.
November 24, 2018, 08:20:59 PM
I declare that I officially hate this Arthur Hayes. I want Tom Lee's predictions. I promise I will not laugh or post the wrong pictures of him anymore.
Tom Lee, where are you?
Tom Lee, where are you?
November 24, 2018, 06:48:58 PM
While everyone here is losing its cool, Bitmex is generating tons of profits. It's a money making machine not caring one single bit about what direction the price is heading to. They want your everything at any time of the day. Do you guys see how Arthur is always smiling from ear to ear? He's the real G in town.
It's funny though, people first say we need a firm shakeout to get rid of weak hands, now we're having it, it's suddenly horrible? This is what you asked for.
How about those who kept saying that if the price would dip below $5000 I would buy in an instant? Here it is. Utilize it if you have balls.
It's funny though, people first say we need a firm shakeout to get rid of weak hands, now we're having it, it's suddenly horrible? This is what you asked for.
How about those who kept saying that if the price would dip below $5000 I would buy in an instant? Here it is. Utilize it if you have balls.
November 24, 2018, 06:43:53 PM
I hope bitcoin price will not decreased to 2000 dollars because it is not good for us. But theu have possibility also that the price of the bitcoin will decreased very low because most of the people right now are panic selling of their coins they have.
November 24, 2018, 06:19:25 PM
I think mining is playing a smaller role than believed. We were in the largest asset bubble in modern financial history. The price is simply falling to reality before resuming it’s upward march. $3,400 was the last support level before prices went sky high, and I suspect that will be the base to build from. This isn’t some statistical genius calculation or anything. It’s likely the conclusion a 4-year old with a crayon would come up with if shown a 2 year chart. Don’t underestimate Occam's razor.
The 4-year old with a crayon method remains undefeated.
November 21, 2018, 11:45:11 AM
$2000 is definitely within the realm of possibility. But I'm guessing Hayes will be wrong this time, just like he was with his $50,000 prediction. Markets tend to disappoint in both directions.
I'm looking at this uptrend from 2016 for a possible bottom:
As an alternative, we have the 200-week MA standing at $3,130 and rising.
I'm looking at this uptrend from 2016 for a possible bottom:
As an alternative, we have the 200-week MA standing at $3,130 and rising.
We are going to see someone getting an overly pessimistic prediction wrong eventually, it always happens. It could be this guy. Just like very bullish predictions can be wrong, pessimistic predictions are there too to be wrong, somewhere in the middle is reality (few people nail the correct entry and exit points).
Remember that Tone Vays called $7500 as the best case scenario for 2017:
Statistically, someone will be wrong on the low end, and will miss the boat waiting for that "sweet spot". That's why if you can, just hold through the storm. Bitcoin's moves can be too crazy to fathom.
November 21, 2018, 10:42:36 AM
Bitcoin price is a bubble? No way! I don't see a 100 billion market cap (just before the fall) to be considered a bubble. Bitcoin is many things : medium of exchange, potential store of value (long term), scarce, non inflationary, easy to transport, asset tool against governments , and also pure speculatve asset. All these things combined have a HUGE potential
Deffo a bubble, largely created by all that ICO shit which was even emptier than the dotcom bubble. Something can be a bubble and still be worthwhile. We're still in the pure speculation phase. There are no doubt a small number of people using it for genuine utility such as druggists and people in shithole countries. Everyone else is playing still.
November 21, 2018, 10:14:21 AM
I think mining is playing a smaller role than believed. We were in the largest asset bubble in modern financial history. The price is simply falling to reality before resuming it’s upward march. $3,400 was the last support level before prices went sky high, and I suspect that will be the base to build from. This isn’t some statistical genius calculation or anything. It’s likely the conclusion a 4-year old with a crayon would come up with if shown a 2 year chart. Don’t underestimate Occam's razor.
I have to agree around mining, because most people know difficulty can scale so it shouldn't be a major problem. There was little in the way of downward movements in 2017 so there's next to no real support levels for the price to fall back on. I would agree that the first one is in the low $3000s. I'm hoping $4200 will hold but if it doesn't I do expect $3k to do so.
November 21, 2018, 03:57:58 AM
I think mining is playing a smaller role than believed. We were in the largest asset bubble in modern financial history. The price is simply falling to reality before resuming it’s upward march. $3,400 was the last support level before prices went sky high, and I suspect that will be the base to build from. This isn’t some statistical genius calculation or anything. It’s likely the conclusion a 4-year old with a crayon would come up with if shown a 2 year chart. Don’t underestimate Occam's razor.
Bitcoin price is a bubble? No way! I don't see a 100 billion market cap (just before the fall) to be considered a bubble. Bitcoin is many things : medium of exchange, potential store of value (long term), scarce, non inflationary, easy to transport, asset tool against governments , and also pure speculatve asset. All these things combined have a HUGE potential
November 20, 2018, 11:11:44 PM
I think mining is playing a smaller role than believed. We were in the largest asset bubble in modern financial history. The price is simply falling to reality before resuming it’s upward march. $3,400 was the last support level before prices went sky high, and I suspect that will be the base to build from. This isn’t some statistical genius calculation or anything. It’s likely the conclusion a 4-year old with a crayon would come up with if shown a 2 year chart. Don’t underestimate Occam's razor.
November 20, 2018, 09:02:12 PM
$3,400 & $1,900 appear to be the next 2 major support levels now that $4,800 has broken. I would expect the bottom to be one of those 2 numbers. I also don’t think it will jump overnight, so slowly accumulating over the next year is probably the smart way to play this.
I get
3400-3600 as the floor for 6 cent mining
with
the lowest it will go 1600 to 1900 which will only support 3 cent mining
I could see the drop coming on the diff end as early as Oct 4 I posted this thread and drew a LTC to BTC parallel with the diff numbers
https://bitcointalksearch.org/topic/will-btc-difficulty-go-sideways-for-rest-of-the-year-5043713
Got a lot of grief early on in that thread not so much any more.
I have a strong cash position and will snipe at BTC buys if it continues to drop in price.
November 20, 2018, 08:52:34 PM
Bitmex boss is also a large operator of shorts for BTC at high leverage, higher then available in alot of convential finance routes. I dont know what effective ratio is for Chicago options when shorting the price but Bitmex offers 100x any deposit there which is equal to dancing on a razorblade. Very easy to lose on a quick turn there, better be perfectly right to benefit from that. No doubt some get it right and celebrate but this CEO will profit from shorts like the house always gains from any bet place. He is talking his own book
November 20, 2018, 08:31:10 PM
This is not a prediction,it's a wish. 
I believe that Hayes wants really cheap bitcoins,most of the crypto whales want really cheap bitcoins,because the time for a big btc price pump is kinda over(no hype amongst the noobs,no enthusiasm),hence bigger profits from short positions and BTC futures trading.
I believe that Hayes wants really cheap bitcoins,most of the crypto whales want really cheap bitcoins,because the time for a big btc price pump is kinda over(no hype amongst the noobs,no enthusiasm),hence bigger profits from short positions and BTC futures trading.
Hehehe it might be. However $2000 is where bitcoin is going if the whales continue to dump. The person who certainly is wishing is Tom Lee and his $15,000 prediction. Wait for him to change and reduce it by another 40% again.
November 20, 2018, 07:18:52 PM
So far what we had were great dumps. Nothing was slow. 10 minutes of dump, some fights for the price to rise, plus 10 minutes of dump. In the same Bitmex the great players profited a lot in those last 24hrs. But they made little profit in the previous fall. To reach 2k we would have to have a trap. The price would have to rise a bit leaving opportunity for profit. But if it goes up, trust comes back and we'll enter a bull market.
November 20, 2018, 03:47:36 PM
I still believe that we will settle at $ 4200. I have no convincing reason for this figure, but it is the starting point when BCH first appeared.
I hope you're not betting large amounts on that. Feels like it's only getting warmed up to me. Of course it'll get back there eventually but it might be a long time. It's pointless comparing now to August 2017. A shit ton has changed in every sense.
November 20, 2018, 03:45:11 PM
Well as of now, it seems that we have found a good support in $4100-$4200 ranges,
I still believe that we will settle at $ 4200. I have no convincing reason for this figure, but it is the starting point when BCH first appeared.I thought that the chaos caused by BCH fork caused this collapse, but it seems bigger than it "after seeing the daily trading volume."
We have a trading volume of $ 141,690,320 "also Bitcoin ABC removed from Coinmarrketcap" as it is one of the biggest losers, things seem to be going for more lower values.
November 20, 2018, 03:36:11 PM
If it's really all about manipulation I have to say it's a nice one, good job to whoever is concerned. Now the question is what's next for the following year? A better or a Worst? Perhaps not like before but we can still hope for a "more natural growth"
It's always easy to blame manipulation, but the main selling source is actual panic from average joes. If it's manipulation, they just have to complement the selling on levels people think the price is safe, but I doubt that's happening. Why spend money dumping the market down while average joes are doing it for you, and for free?
It makes a nice story though, if it was actual manipulation from institutions; dumping the price down so Bakkt can shove their coin backed futures contracts in people's throats. The story would be complete with an ETF approval.
$4000 touched so it's going to be interesting to see where it goes from here.
November 20, 2018, 03:27:11 PM
$3,400 & $1,900 appear to be the next 2 major support levels now that $4,800 has broken. I would expect the bottom to be one of those 2 numbers. I also don’t think it will jump overnight, so slowly accumulating over the next year is probably the smart way to play this.
This is still a phenomenal slap in the Bitcoin' face. I just hope @BrewMaster is right. 2018 has been a f**king year so far lol. If it's really all about manipulation I have to say it's a nice one, good job to whoever is concerned. Now the question is what's next for the following year? A better or a Worst? Perhaps not like before but we can still hope for a "more natural growth"
November 20, 2018, 03:07:12 PM
it is funny to see how everyone is quickly changing their statements these days to still remain on top of the news sites and make their name and their business name heard by just guessing a random number based on the trend they see!
in any case none of this is normal so coming up with numbers is only proving their lack of understanding of the market. drawing lines on the chart, looking at previous trends,... are all meaningless at this point.
the drop is manipulation and dumping pressure by outside forces not the market itself. and we have no way of knowing how strong they are going to be and how much panic we can expect hence we can not predict the bottom of the current drop.
in any case none of this is normal so coming up with numbers is only proving their lack of understanding of the market. drawing lines on the chart, looking at previous trends,... are all meaningless at this point.
the drop is manipulation and dumping pressure by outside forces not the market itself. and we have no way of knowing how strong they are going to be and how much panic we can expect hence we can not predict the bottom of the current drop.
Yup this guy knows exactly whats up there is no way to really predict the bottom all you can do is HOLD your BTC and ALTs and have some FIAT ready to buy every new lower level of stability we get to and hope you buy enough cheap BTC before we go back up.
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