Topic: [20/10/2018] Novogratz Says Cryptos Are Safe, Expects BTC to Rally In Q1 2019 (Read 335 times)
October 30, 2018, 01:23:54 AM
In my observation in this many experts predictions like Novogratz comment it seems that all of this is just pure opinions and no factual basis that it will lead to something big movements in price even in next year, Can I ask is there any personality who predicted what happened last year of Dec 2017 when btc reach its new ATH?
October 29, 2018, 05:27:56 PM
Well, the predictions have been too much and we seems to be getting it wrong each time. So what at all is happening to this market? Anyways i hope for the better tho.
October 29, 2018, 09:22:10 AM
Regardless of your feelings, these are people who will shape the future of bticoin, humongously more so than someone like nick szabo who just makes the occasional observation and most have no idea who he is, or care though of course he's made big contributions to the genesis of the whole thing. Going forward There are many more would be assholes actually building things and that's what'll directly affect us going forward.
Nick Szabo hearted my tweet to Vitalik Buterin about a hamburger chain and it really did make my day. I even screenshotted it for future bragging rights, among a very select group of nerds.
October 25, 2018, 10:53:39 PM
@gentlemand. Can you give us who the names of the characters that, in your standpoint, should be followed because they are building things that shape the future of bitcoin?
I reckon some are good people for the advancement of bitcoin, but there are snake oil salesmen too.
I reckon some are good people for the advancement of bitcoin, but there are snake oil salesmen too.
October 25, 2018, 04:38:29 AM
I do not like listening to those types of people because their agenda might not be in the best interest of bitcoin's development. But there are some people I respect like Eric Lombrozo, Peter Todd, Nick Szabo.
They may not be to anyone's taste, but they're still relevant people and they will influence Bitcoin's future direction, however modestly. There's an increasing chasm between the developers and theorists versus the money men. Everyone should be paid attention to.
I disagree. Our attention should be reserved only to a few proven characters in the cryptospace. There are scammers and snake oil salesmen out there and people with different agendas that might not be aligning in the interest of a brighter future for bitcoin.
Regardless of your feelings, these are people who will shape the future of bticoin, humongously more so than someone like nick szabo who just makes the occasional observation and most have no idea who he is, or care though of course he's made big contributions to the genesis of the whole thing. Going forward There are many more would be assholes actually building things and that's what'll directly affect us going forward.
October 24, 2018, 09:29:26 PM
I do not like listening to those types of people because their agenda might not be in the best interest of bitcoin's development. But there are some people I respect like Eric Lombrozo, Peter Todd, Nick Szabo.
They may not be to anyone's taste, but they're still relevant people and they will influence Bitcoin's future direction, however modestly. There's an increasing chasm between the developers and theorists versus the money men. Everyone should be paid attention to.
I disagree. Our attention should be reserved only to a few proven characters in the cryptospace. There are scammers and snake oil salesmen out there and people with different agendas that might not be aligning in the interest of a brighter future for bitcoin.
October 24, 2018, 02:35:46 AM
These prominent people and investors are just saying the same thing every year. They just change the value depending on the movement of the market. If it's bearish for a long time then they will adjust their predictions much longer, but when it's showing good then that is when they exaggerate everything.
October 23, 2018, 10:58:18 AM
At the very beginning since bitcoin dumping their price
Cryptocurrency ethusiasm until now waiting for price increases
Thanks for for the positive influence to become good effect for those people losing their hope
But of course The speculation is only speculation base on their on prediction
Al we need to di is wait for the price pump at 2019 or before end of this year 2018
Cryptocurrency ethusiasm until now waiting for price increases
Thanks for for the positive influence to become good effect for those people losing their hope
But of course The speculation is only speculation base on their on prediction
Al we need to di is wait for the price pump at 2019 or before end of this year 2018
October 23, 2018, 09:04:54 AM
I've noticed people asking if Bitcoin will rally in 2019. They'll be happy to see this report that it's expected to do well in 2019, I'm sure.
October 23, 2018, 07:10:08 AM
I do not like listening to those types of people because their agenda might not be in the best interest of bitcoin's development. But there are some people I respect like Eric Lombrozo, Peter Todd, Nick Szabo.
They may not be to anyone's taste, but they're still relevant people and they will influence Bitcoin's future direction, however modestly. There's an increasing chasm between the developers and theorists versus the money men. Everyone should be paid attention to.
October 22, 2018, 08:31:02 PM
@gentlemand. What would those opinions be? Economics, the cryptospace? I reckon some of their opinions and their thoughts on those other areas might not be as on point as we thought.
People like Mike Novogratz are balls deep in crypto. They'll be consulted by all the big swinging dicks looking to get in. They'll be informed of upcoming plans in the fields of investment, legislation and others. They'll know all the insiders on the more traditional side of the finance world.
I can't think of any other type of person who'd be better placed to receive a flavour of what's to come. Can you?
I do not like listening to those types of people because their agenda might not be in the best interest of bitcoin's development. But there are some people I respect like Eric Lombrozo, Peter Todd, Nick Szabo.
October 22, 2018, 07:47:53 PM
@gentlemand. What would those opinions be? Economics, the cryptospace? I reckon some of their opinions and their thoughts on those other areas might not be as on point as we thought.
People like Mike Novogratz are balls deep in crypto. They'll be consulted by all the big swinging dicks looking to get in. They'll be informed of upcoming plans in the fields of investment, legislation and others. They'll know all the insiders on the more traditional side of the finance world.
I can't think of any other type of person who'd be better placed to receive a flavour of what's to come. Can you?
people like novogratz and dan morehead are certainly in a position to be well-informed about those things. but on a fundamental level, they aren't quantifiable and it's impossible to know whether grand investment plans or regulatory approval or favorable legislation actually come to fruition. when he says he expects institutional money to come in next year, i'm sure he isn't pulling that out of his ass. but it's still up in the air whether the pieces fall into place or not.
his hedge fund bled a lot this year, which goes to show he's pretty bull-headed and possibly reads too much into his insider information. i'd love to pick his brain but i'd take his opinions with a grain of salt too. he appears to be very biased considering his company's position.
October 22, 2018, 07:41:53 PM
It seems that 2018 will go down in the history of the development of cryptocurrency as not the most successful.
Lol?
Firstly, the price doesn't represent what's happening in the background. Secondly, we have had years far worse than 2018 in terms of price action (look up the charts).
People only see what they want to see. They completey disregard that what's happening in the OTC markets. In the last 24 hours there has been more than $3.6 billion worth of transaction activity on Bitcoin's network. Considering that we're going through a bear market and the global activity is on the lower side, these on-chain value transfers indicate a booming off-exchange industry.
Interesting on-chain value activity over the last 24 hours;
Bitcoin $3.6 billion.
Ethereum $407 million.
BCash $93 million.
Litecoin $85 million.
XRP's data can't be fetched.
Source; https://bitinfocharts.com/
Novogratz is one of these Wall Street guys that has no idea about the actual tech and just goes on television repeating whatever latest buzzwords he has learned lately to pitch his bags. I mean the guy was holding big ass bags of Ethereum and other altcoins. He has no idea about the fact that Ethereum is deep trouble with a blockchain that is impossible to sync a full node from scratch anymore and goes offline when people are trading whatever latest meme of the hour (crypto-kitties or whatever). The whole thing is a ridiculous clusterfuck and still a top5 altcoin.
I may agree with not seeing much action until 2019, the graph needs to stretch a bit this period of a stable price for a while, then it will look nice and ready for the next bull run. Of course, fundamentals rule and Bakkt may put higher speed on this rocket, but I believe we'll see a delay on the impact it will have on the price for a while.
October 22, 2018, 07:38:16 PM
@gentlemand. What would those opinions be? Economics, the cryptospace? I reckon some of their opinions and their thoughts on those other areas might not be as on point as we thought.
People like Mike Novogratz are balls deep in crypto. They'll be consulted by all the big swinging dicks looking to get in. They'll be informed of upcoming plans in the fields of investment, legislation and others. They'll know all the insiders on the more traditional side of the finance world.
I can't think of any other type of person who'd be better placed to receive a flavour of what's to come. Can you?
October 22, 2018, 07:28:32 PM
@gentlemand. What would those opinions be? Economics, the cryptospace? I reckon some of their opinions and their thoughts on those other areas might not be as on point as we thought.
October 22, 2018, 06:20:39 AM
So on January first, do we need to pay attention to any of their opinions (or Novogratz) ever again? I would say "no." Funny how these gurus always see an exciting bull market rally during their seances, and they just happen to be massively invested in cryptocurrency as well. Coincidence?
I'm not interested in anyone's price opinion. We all know it's mainly for fun and to be invited on TV shows where the anchor offers hand relief before going on air.
I am interested in their opinions on other areas. These are some very powerful and influential people who'll know way more about what's going on in the background and crypto's ongoing progress. You'd think that might inform their price guesses. Guess it don't.
October 22, 2018, 02:45:20 AM
I wrote this article in July, also for the personal reason of keeping tabs on these 4 price predictions.
https://coinclarity.com/four-bitcoin-price-targets-for-second-half-of-2018/
Prediction #1: $100 – Joseph Stiglitz
Prediction #2: $20,000-$25,000 – Tom Lee
Prediction #3: $50,000 – Arthur Hayes
Prediction #4: $60,000 – Julian Hosp
All 4 of them are poised to be very, very wrong.
So on January first, do we need to pay attention to any of their opinions (or Novogratz) ever again? I would say "no." Funny how these gurus always see an exciting bull market rally during their seances, and they just happen to be massively invested in cryptocurrency as well. Coincidence?
https://coinclarity.com/four-bitcoin-price-targets-for-second-half-of-2018/
Prediction #1: $100 – Joseph Stiglitz
Prediction #2: $20,000-$25,000 – Tom Lee
Prediction #3: $50,000 – Arthur Hayes
Prediction #4: $60,000 – Julian Hosp
All 4 of them are poised to be very, very wrong.
So on January first, do we need to pay attention to any of their opinions (or Novogratz) ever again? I would say "no." Funny how these gurus always see an exciting bull market rally during their seances, and they just happen to be massively invested in cryptocurrency as well. Coincidence?
October 21, 2018, 07:47:41 PM
But Mike Novogratz is a credible public figure, while we are only dirty forum cave trolls. There is a difference.
Speak for yourself, will you! 
Novogratz might be a public figure, might also be filthy rich, but he is guessing just as much as we do. I haven't seen any of his predictions actually hold any significance in the last 12 or so months.
He kept guessing wrong till the moment he realized it's better to remain conservative during a market that doesn't want to be moving, something most realistic forum members here figured out months ago already.
We're all depending on what tomorrow brings with how the market can change overnight. Some times I wake up and the market has tanked hard, while the other day I wake up greeted by a green dildo....
I was not talking about the accuracy or how good a person is in analyzing the movements in the market. Mike Novogratz, a public figure, wants credibility and the status as an influencer, we the dirty forum cave trolls, do not. That's the difference.
October 21, 2018, 07:41:41 PM
Mike Novogratz, the person who said that bitcoin will be on $40k by the end of 2018, changes his prediction to not higher that $10k. But what if bitcoin had a sudden movement upwards to $15k? Does he need to change his prediction again? He certainly lost some credibility points there.
Everyone's pulling stuff straight from their botty. You can have credibility for what you do and are and still make stupid predictions. I don't really hold it against anyone. No one out there has bleedin' clue.
i really think people put too much emphasis on these predictions. gotta consider the context. it wasn't like novogratz published a chart on tradingview with a big arrow pointed at $40k. he was a guest on CNBC fast money and was asked about the price. he said "bitcoin could be at $40,000 at the end of 2018." fair enough---it was certainly possible.
markets are unpredictable---i don't hold it against him. a good trader might have a 60% win rate, or even 40%. 0/1 don't mean nothing.
it's happening piecemeal and will continue that way IMO.
Indeed. It's the flashing 'institutional' button waiting to be pressed that I find a puerile idea, yet it's still wheeled out with great regularity.
if an ETF gets approved (or bakkt gets launched etc), i'm sure all the investment banks and pension funds are gonna immediately park all their money in bitcoin.
October 21, 2018, 07:36:45 PM
But Mike Novogratz is a credible public figure, while we are only dirty forum cave trolls. There is a difference.
Speak for yourself, will you! Novogratz might be a public figure, might also be filthy rich, but he is guessing just as much as we do. I haven't seen any of his predictions actually hold any significance in the last 12 or so months.
He kept guessing wrong till the moment he realized it's better to remain conservative during a market that doesn't want to be moving, something most realistic forum members here figured out months ago already.
We're all depending on what tomorrow brings with how the market can change overnight. Some times I wake up and the market has tanked hard, while the other day I wake up greeted by a green dildo....
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