Bitcoin won't top $9,000 by year's end, Novogratz says - page 2.

0xBitcoins

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Quote from: adaseb on October 11, 2018, 02:10:31 AM

First of all you should never take anything seriously that these so called Crypto expert are saying. He also said at the beginning of 2018 that BTC wouldn't go lower than $8K and we broke $6K a few times.

Also don't forget that its almost the end of the year anyways. Basically October is almost half done and after that there are only 2 more months left.

So its possible that in late Nov-Dec we might get a crazy rally like last year but its also possible that we will trade sideways or downwards for the rest of the year.

It is good for an investor to analyze the market by himself, collect as much data as he can and never predict the price for others. If I want to take any decision about my holding or decide the future price I would never tell anyone because I myself do not believe in predictions because they are just misleading bubbles. Price will up or down or remain constant I don’t care and I advise everyone not to be panic.

STT

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Quote from: Thirdspace on October 18, 2018, 07:46:36 AM

anything is possible in our crypto world!
remember last year, bitcoin price tripled within the last 3 months (even quadrupled when ATH)
based on www.blockchain.com chart data,
2017/09/30: $4,335
2017/10/31: $6,389
2017/11/30: $10,147
2017/12/16: $19,499
2017/12/31: $14,166
who knows... maybe it's repeating again by the end of this year
so far the fact is we (still) have a VERY STRONG support level at $6,000 since early this year

Large changes are possible but also that was the trend at that time. Right this moment we have a polar opposite and Bitcoin is becoming very centred to this one price area for a while now, so the opposite of great change.

I do assume we do not stay here forever just like I didnt really think the trend of it almost doubling every few months would last, of course it couldnt. Really more then a price right now, it would be enough to know the direction.
Do we leave this area of sideways pricing upwards or downwards, I would like that simple answer and hope asking little more then a direction increases the chances of an accurate answer being possible.

A smart idea would be to consider volatility not price. This is often tracked in stock markets and is important with futures trading

Mandevil

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Personally, I am sure that a change in the direction of growth is already on the way, most likely this is the end of the year, but the beginning of 2019 is also possible ..

Mandevil

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Yes, it is quite possible - the forecasts are all failing - they are not even predictions, but a thorough analysis, reports, increase in volumes, so that everyone’s business believes or not - time will tell.

Bagaji

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Frankly speaking the price of Bitcoin has be fluctuating on it support zone few months back and nothing is forthcoming from the current price on CMC. I think is hard time we believe some prophecy from some quarters even that of Novogratz.

Thirdspace

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anything is possible in our crypto world!
remember last year, bitcoin price tripled within the last 3 months (even quadrupled when ATH)
based on www.blockchain.com chart data,
2017/09/30: $4,335
2017/10/31: $6,389
2017/11/30: $10,147
2017/12/16: $19,499
2017/12/31: $14,166
who knows... maybe it's repeating again by the end of this year
so far the fact is we (still) have a VERY STRONG support level at $6,000 since early this year

1Referee

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Quote from: zazarb on October 18, 2018, 05:30:42 AM

Finally it is a slightly more realistic forecast, which is more likely to happen than other prophecy, where it was said that the cost of the bitcoin will reach this year about fifty thousand dollars per unit.

How is it slightly more realistic than it was when the prediction was made? Current price is even below when Novogratz made his prediction.

All the perma bulls you see throw around with $50,000 before the end of the year predictions are stuck inside their own bubble. They can't objectively look at the market without having their overly bullish bias completely overrule that what's actually going on in the market. Seriously, the most realistic predictions have all come from bears, because they don't let their bias get in the way. It's very refreshing reading through what bears think.

There is a saying; if all the loud 'experts' were so expert, they would be trading the market, and not selling you worthless advice.

zazarb

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Finally it is a slightly more realistic forecast, which is more likely to happen than other prophecy, where it was said that the cost of the bitcoin will reach this year about fifty thousand dollars per unit.

Kolder

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Quote from: Harlot on October 17, 2018, 02:58:03 PM

It takes courage for people to correct themselves, as it is his only option to come out right in his prediction this year. His first predictions were actually unbelievable as BTC was in bear mode even the start of January which means his 40,000$ price prediction is long gone from happening. Right now this price consolidation might even extend until the end of the first quarter next year as aside from the price pumps there is really no indication that BTC will be bullish for a while.

There is no news to make the price pump than expected, there are many personalities that predicts too. And there are also humans that just made speculation. Even skilled ones made mistake so it doesn't matter what we need is some huge adoption that can make the price pump.

Harlot

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It takes courage for people to correct themselves, as it is his only option to come out right in his prediction this year. His first predictions was actually unbelievable as BTC was in bear mode even the start of January which means his 40,000$ price prediction is long gone from happening. Right now this price consolidation might even extend until the end of the first quarter next year as aside from the price pumps there is really no indication that BTC will be bullish for a while.

thecodebear

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I don't think there is any reason to expect it to top $9k this year. If the next bull market starts before end of year (which I'd give a 50% chance of happening) we could see $8k by end of year. Otherwise if this transition phase before the bull run takes a few months longer Bitcoin will probably still be in the 6000s range end of year.

BerneirBTC

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Quote from: bitcoinrays on October 11, 2018, 02:01:37 AM

Quote from: Mr.grin on October 08, 2018, 01:21:37 AM

Quote from: bbc.reporter on October 07, 2018, 08:14:07 PM

Quote from: xfaqs01 on October 06, 2018, 08:14:55 PM

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.

The only reason for the drop of price is manipulation. Does anybody can tell why the price skied in the previous year? Not because the increasing demand for bitcoin but due to whales in the market. Then when the price downed to its original condition, investors started mourning. That was the terrible moment for bitcoin and the effects are still in the entire crypto market.

To observe the current situation of the market I can say that the price would not rise more than $8000 atleast December this year, because there are no good signs for growth in the price. the market is still red and no greenery is looking is observation. If the price reaches to $9000 till the end of the year it would be quite good price for bitcoin and investors would be happy with this price.

bbc.reporter

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@adaseb. You only say that today, in a bear market, but if the experts are right in their bullish predictions in a bull market, we catch ourselves believing in their hype hehehe.

Small_Man_Big_Thoughts

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Quote from: bbc.reporter on October 06, 2018, 07:29:48 PM

Quote from: buwaytress on October 06, 2018, 06:18:59 AM

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

I did not say they are bagholders. I said not admitting to a mistake when everyone have already seen that it was a mistake is a good example of the mentality of a bagholder.

Also, ok maybe it is not about the bagholder's mentality, but the negative emotions from bagholding that are having an effect on the bagholder's mentality hehehe.

It depends on demand. If the demand for bitcoin rises the price will also rise. The current situation of the market is dump and not allowing the price to go up. Speculators just give their opinions about the coming price, but I totally agree that if more and more people invest in bitcoin, the price will go up and we will see hitting $9000 price till the end of this year.

adaseb

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First of all you should never take anything seriously that these so called Crypto expert are saying. He also said at the beginning of 2018 that BTC wouldn't go lower than $8K and we broke $6K a few times.

Also don't forget that its almost the end of the year anyways. Basically October is almost half done and after that there are only 2 more months left.

So its possible that in late Nov-Dec we might get a crazy rally like last year but its also possible that we will trade sideways or downwards for the rest of the year.

bitcoinrays

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Quote from: Mr.grin on October 08, 2018, 01:21:37 AM

Quote from: bbc.reporter on October 07, 2018, 08:14:07 PM

Quote from: xfaqs01 on October 06, 2018, 08:14:55 PM

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.

The only reason for the drop of price is manipulation. Does anybody can tell why the price skied in the previous year? Not because the increasing demand for bitcoin but due to whales in the market. Then when the price downed to its original condition, investors started mourning. That was the terrible moment for bitcoin and the effects are still in the entire crypto market.

plescruslo

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Quote from: Torque on October 06, 2018, 05:57:12 PM

In other news, water is wet.

And Tom and Vinny have no fucking clue either.

The given price limit is quite reasonable and I think it is possible to hit this limit. There is no big difference between the current price and $9000. If little bit push will get bitcoin to this price. There are a couple of months in this year and I am sure that the price will grow in the remaining time in this year. Water is wet and crypto is digital usable currency in the future.

andycarrol

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Quote from: welchmgra on October 09, 2018, 05:36:01 AM

Quote from: Idrisu on October 08, 2018, 01:57:12 AM

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

Today the price is about $6600 and I think it is good if there is no more correction in the price again. If the price gradually increases like the one today, it will definitely cross $9000 till the end of this year. There is no big gap in the current price and that of $9000. We should wait and see the end of the year. Hope that the end will be better than that of today.

bitcoin price a few months is very stable in the range of 6-7k, I see this year is still likely to be stable in the range of 6-7k, but to reach 9k until the end of year I thought it was very possible, because we will soon get the positive news about ETF, I think when was approved, 8-9k very likely reached.

deisik

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Quote from: figmentofmyass on October 09, 2018, 05:09:37 PM

Quote from: deisik on October 08, 2018, 06:27:36 AM

Quote from: figmentofmyass on October 08, 2018, 12:58:39 AM

but it's interesting you mention vinnik, and i do think there's a connection. btc-e relaunched as wex.nz last year. a few months ago, they suddenly stopped honoring withdrawal requests for BTC and other major currencies. the site is still up, but the situation hasn't changed.

i haven't verified myself, but i read about some blockchain analysis that points to a lot of their cold storage being emptied. my russian friend says the consensus is that wex shut down withdrawals and diverted customer funds to support vinnik's defense and eventual extradition to russia (rather than the USA).

that would certainly involve dumping some coins on the market!

There is another possibility

Note that I don't discard yours (just in case, I'm familiar with it too) as being wrong or whatever as I don't know for sure myself what's going on with WEX right now. There is another explanation though, which seems more plausible to me personally. It is rumored that WEX funds are frozen for the time being and will remain so until Vinnik is sent back to Mother Russia. That was a condition set forth in order to release the funds, and until and unless Vinnik is freed, which will happen as soon as he gets off the plane in Moscow (or elsewhere in Russia), things are not going to change for the better. That also explains why you can still withdraw money from WEX using Tether or ZCash (though having to pay insane premiums), i.e. it doesn't look like there is no money left

the funds are frozen by whom? whose conditions are these?

you bring up a good point about the active wallets. there was a lot of talk a few months back about incoming management/ownership changes. i also figured there was the possibility that WEX had somehow lost control over its cold storage in a failed transfer of ownership (ie they were robbed). in that case, i figure USDT and ZEC (and XMR?) withdrawals still work because the admins still have control over those wallets.

It is just a rumor that surfaced somewhere

Maybe, in the exchange's trollbox itself. The rumor has it there is a transfer of ownership still in process (now obviously frozen), and one of its conditions is linked to freeing Vinnik, i.e. until Vinnik is not extradited to Russia (and he is not yet as far as I know), the keys from some cold wallets, or even all cold wallets, won't be transferred. Then it makes sense not to shut down exchange right now while there is still hope for Vinnik to get back home as well as enough liquidity at the exchange to support its operation and withdrawal of some coins. Also, fiat withdrawals to Yandex.Money were not disabled either for some time, though you would be losing like 70% of the money transferred when this withdrawal channel was last available

gonzadz77

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Quote from: welchmgra on October 09, 2018, 05:36:01 AM

Quote from: Idrisu on October 08, 2018, 01:57:12 AM

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

Today the price is about $6600 and I think it is good if there is no more correction in the price again. If the price gradually increases like the one today, it will definitely cross $9000 till the end of this year. There is no big gap in the current price and that of $9000. We should wait and see the end of the year. Hope that the end will be better than that of today.

I don't believe because bitcoin is volatile and anything can be happen. It can be up at any time decreasing price is not only bitcoin nature but stock market and alt too involve with it.

Topic: Bitcoin won't top $9,000 by year's end, Novogratz says - page 2. (Read 757 times)