Topic: Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’ (Read 239 times)

yeah when i saw that followed by saying the bottom this time could be under $400 i knew it was a worthless article

Same. On Bitfinex, longs were significantly rising and shorts were falling heading into the dump. So I guess most of the market was probably expecting higher. I usually try to pay better attention to sentiment and short vs. long activity. This is a reminder to do that.

I still suspect we'll see $200+ ETH over the next month or two.

I actually bought into Ethereum when it was below $100 and didn't understand why people kept dumping it down. It was more than obvious that such fundamental upgrades would pump the price back up.

I think that the herd needs to see the price actually make a move up in order to belief that people start buying, because they always need that confirmation, and I'm afraid that confirmation came at the $160 mark.

I must admit that I expected it to go up further, possibly test the $200 mark, but I was a bit too optimistic I guess....

We all know that they have something to back it up. TA, however, we all know that most of the time it's not suitable for crypto markets because of it's volatility. So I always take a grain of salt specially if someone predicting this and that, blah blah specially coming from CCN resident analyst Yashu Gola.


I doubt about the Bitcoin ETF though, but I'm looking at Bakkt so let's see. The Ethereum fork has been in the news since last year that bring some relief to the price specially getting close to the scheduled hard fork.

It hasn't to be faked since these are predictions.Anytime it can be valid or not that's why its called presumptions.Yes, I'm even tired on seeing lots of charts about technical analysis on where the price would possibly go but most of them do failed up and price did go or hold into opposite way. Fundamentals or news is more preferable but these infos doesn't come out from time to time.

Good news hasn't been much of a stimulating factor, which we can contribute to the bear market nulliying everything that's bullish. On top of that, when you read news articles, you are mostly reading pure bs, and more importantly, when the news is out, you are mostly too late to react.

Regarding Bakkt and the SEC, people shouldn't focus on that. We know that the SEC isn't keen on anything related to Bitcoin for now, and probably won't be for the rest of the year.

I don't see how news has anything to do with this? While the price was tanking to low $80's last year, it was already known that it would fork in January.

Everyone keeps on making up some sort of predictions but they have nothing to back it up. You can have as many charts as you can and show proof of whats going to happen on those charts as much as you want but in the end bitcoin is not tied to any chart at all.

We move according to good news and trends, we can see a chart that shows bitcoin going as low as $1900 but that doesn't mean it will, as long as bakkt and sec gets done we will have great news to hype us and that will increase the price together. That means instead of looking at charts, people should read news and upcoming stuff, for example ethereum increased in price only because it has an upcoming hard fork, it deserved to be more than 80 dollars but 150+ dollars was thanks to the hard fork. That is why always focus on the news and trends instead of these kinds of fake predictions.

I might have paid more attention if it were CNBC, who have been impressively giving signals opposite to what the market eventually does... but for once I actually agree with Bloomberg on Bitcoin - or should I say, for once, Bloomberg agrees with me!

I'd love to be an expert and get paid to post obvious stuff.., like the 2 scenario statement by Gola: Bitcoin goes fresh highs, or Bitcoin goes complete reverse gear. I mean, does his office have a collective "duh" moment every day?

There were many institutional market experts who had predicted bitcoin to test $40k or even $100k in 2018 but we experienced a whole different things then why should I bother these hedge funds this time ? They sound like triggering panic for their plan of getting cheaper bitcoins. Definitely a sort of spreading FUDs, please do not listen to them.

This is the reason why I never look into anyone's opinion even from the crypto community then it will be with zero possibilities to bother for an outside analysis. Most probably those big media are not aware of fundamentals of bitcoins and not considering potential of bitcoin with respect to future but they do treat bitcoin very much similar to another stock and then speculating on bitcoins just like another stock. But, bitcoin market is fully relaying on its fundamentals of core concepts hence no need to bother about any short term speculations.

are you just going around on the internet finding the bullshittiest articles and post them on bitcointalk? because that is all i see in your post history. or are you actually finding anything interesting in these articles that you post them here because all i see is that you are copying the text from these sties and pasting it here without any thoughts which seems like you are increasing your post count and nothing more.

there is nothing noteworthy in any of them, specially articles from CCN which is the worst of them all.

All kind of false or misleading information in that little article.

Especially.., "Bitcoin may find itself inferior to alternative networks as they are more agile at integrating changes."

Ummmm, the whole point of Bitcoin and why it's the best is because it doesn't change randomly for no good reason.    Those agile random changes are shitcoin gimmicks that never work.

No, it wasn't.
Makes the rest to read like BS as well.

Technical analysts believe the Bitcoin price is at a turning point. Using the GTI VERA Bands Indicator, a new Bloomberg article suggests that the flagship cryptocurrency could be “on the brink of a large move.” It could go either way, the indicator suggests. Bitcoin price moves over the past 18 months prove surprises could be on the cards. Crypto volatility has been decidedly lower in recent times.



It’s Bitcoin. Come for the laughs, stay for the volatility.


Ikigai founder Travis Kling isn’t sure what will happen. Ikagai is a “multistrategy Cryptoasset hedge fund.” It is named after the Japanese “reason for being.” He cautiously suggests that the bottom probably isn’t in for Bitcoin. He told Bloomberg:

    I am certainly willing to change my mind, but the preponderance of evidence leads us to believe that we’ll see more lows before we head higher.

As CCN’s in-house analyst Yashu Gola wrote:

    The interim sentiment is leading bitcoin to two possible scenarios. In the first scenario, bitcoin would initially hold its gains and extend its rally to post fresher higher highs. Another one is a complete reverse, in which bitcoin would erase all its gains owing to its long-term bearish bias.

Bitcoin moves in mysterious ways. The bear market of 2014-2015 saw occasional highs followed by stark lows. Bitcoin volatility was occasionally in the 50% range. The bottom was under $100. If Bitcoin makes similar moves in the current market, the real bottom could be under $400.


Who Will Sell Before The Next Bitcoin Bull Run?
This requires, of course, a great deal of selling. Which we have seen before. However, the market is larger now than it was then. For one thing, more coins exist. For another, more investors exist. As such, drastic drops in the $,1000 range take longer to achieve. They are certainly possible. It’s difficult to surprise crypto veterans.

At its heart, Bitcoin is a speculative instrument. It can function as a store of value but it will never be a stable one. Those who embrace this reality tend to weather the markets better, selling at appropriate times and pinpointing buy opportunities.

Demand for Bitcoin remains high. Crypto volatility isn’t where it once was. There are even rumors that the Russian government might make a multi-billion dollar purchase in a sovereignty move. US sanctions could thus complicate the Bitcoin trading markets.

Drastic pronouncements on Bitcoin price are common and always have been. Roger Ver’s $100,000 prediction of years past has still not come to fruition. More recently, Tom Lee stood by his over-bullish prediction.



The BTC/USD rate continues to straddle the $4,000 mark on Bitstamp and other cryptocurrency exchanges.


It’s crypto. Come for the laughs, stay for the volatility. There is a percentage of people who bought over $10,000 who have yet to sell. These people are unlikely to sell before a bull run takes it back in that direction. There is a percentage who were burned in the same moves and will never buy in again.

What is certain: 2019 is an important year for Bitcoin. It could be the year that the oldest cryptocurrency pushes closer to $1 trillion in market cap than ever before, or it could be the year that alternatives become more valuable. “Network effects” are only metrics. They are not laws of physics. Technically speaking, Bitcoin may find itself inferior to alternative networks as they are more agile at integrating changes.

But these are all unlikely scenarios. Those who wish for some form of “price stability” will forever be wishing for it, and the author is inclined to agree with Travis Kling: it’s probably going to get worse before it gets better.


Reference: https://www.ccn.com/bitcoin-crypto-hedge-fund-says-well-see-more-lows-before-we-head-higher/