Topic: [2017-17-05] Bitcoin Price Will Hit $20,000 Before Tanking: Financial Expert - page 2. (Read 6749 times)
December 07, 2017, 06:31:20 AM
$ 20,000 is a good price. I can not stand to observe the growth rate of bitcoin. Every price increase of $ 1000 can result in a drop of $ 2,000 in the future. I constantly catch myself thinking that I don't want bitcoin to go up. But it seems to me that bitcoin is already so dispersed that no one will stop until it will fall.
December 07, 2017, 06:17:33 AM
Very cunning move. Proceeding from the fact that now the price of bitcoin and the speed of its growth is profitable, but not for drivers. It is more profitable to pay in your own currency than now pay in bitcoins.
December 05, 2017, 05:48:46 PM
Bitcoin Price Will Hit $20,000 Before Tanking: Financial Expert
Michael Spencer, CEO of NEX Group Plc, a London financial expert, sees bitcoin’s price reaching $20,000 before reversing steeply, joining the cadre of financial leaders who claim bitcoin is a bubble,
Spencer told Bloomberg TV's Guy Johnson in London that he has no idea if bitcoin’s price will double before it halves, but said it could hit $20,000 “pretty damn quickly.” Johnson began the interview referring to bitcoin, which surpassed the $11,000 mark on Wednesday, as “irrational exuberance.”
Crypto Is Here To Stay
Spencer acknowledged that cryptocurrencies are here to stay, but said bitcoin is a bubble.
In July, Spencer said he prefers Ripple and Ethereum to bitcoin and that he might introduce NEX trading platforms for cryptocurrencies. The problem with any bubble, he said, is that you don’t know if it’s going to double before it halves.
“At some point, it’s going to go a hell of a long way back down,” he said.
Bull markets typically hit a point where everyone is bullish, he said, and he doesn’t think bitcoin has reached this point. , SaAcknowledging that bitcoin has broad momentum, Spencer said there are signals that it is not the time to invest in it just because others are doing so.
Thumbs Up For Blockchain
Spencer, like many other bitcoin naysayers, is optimistic about blockchain’s future, noting that it has enormous implications that extend beyond the financial markets.
He said blockchain technology could be used to provide real-time settlement of securities transactions.
The fact that a technology has implications in many industries where it can improve efficiencies does not mean the bull market “can’t roll on a bit,” he said, hinting at bitcoin. He said there are signals that this is not a time to be “chasing everything the way everyone else is.”
Spencer also addressed the volatility of stocks, Brexit and other financial topics. NEX Group’s shares tumbled earlier in November after claiming market conditions were creating challenges for its post-trade services and electronic trading.
Source: https://www.cryptocoinsnews.com/bitcoin-price-will-hit-20000-before-tanking-financial-expert/
Michael Spencer, CEO of NEX Group Plc, a London financial expert, sees bitcoin’s price reaching $20,000 before reversing steeply, joining the cadre of financial leaders who claim bitcoin is a bubble,
Spencer told Bloomberg TV's Guy Johnson in London that he has no idea if bitcoin’s price will double before it halves, but said it could hit $20,000 “pretty damn quickly.” Johnson began the interview referring to bitcoin, which surpassed the $11,000 mark on Wednesday, as “irrational exuberance.”
Crypto Is Here To Stay
Spencer acknowledged that cryptocurrencies are here to stay, but said bitcoin is a bubble.
In July, Spencer said he prefers Ripple and Ethereum to bitcoin and that he might introduce NEX trading platforms for cryptocurrencies. The problem with any bubble, he said, is that you don’t know if it’s going to double before it halves.
“At some point, it’s going to go a hell of a long way back down,” he said.
Bull markets typically hit a point where everyone is bullish, he said, and he doesn’t think bitcoin has reached this point. , SaAcknowledging that bitcoin has broad momentum, Spencer said there are signals that it is not the time to invest in it just because others are doing so.
Thumbs Up For Blockchain
Spencer, like many other bitcoin naysayers, is optimistic about blockchain’s future, noting that it has enormous implications that extend beyond the financial markets.
He said blockchain technology could be used to provide real-time settlement of securities transactions.
The fact that a technology has implications in many industries where it can improve efficiencies does not mean the bull market “can’t roll on a bit,” he said, hinting at bitcoin. He said there are signals that this is not a time to be “chasing everything the way everyone else is.”
Spencer also addressed the volatility of stocks, Brexit and other financial topics. NEX Group’s shares tumbled earlier in November after claiming market conditions were creating challenges for its post-trade services and electronic trading.
Source: https://www.cryptocoinsnews.com/bitcoin-price-will-hit-20000-before-tanking-financial-expert/
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