Topic: Bitcoin won't top $9,000 by year's end, Novogratz says - page 3. (Read 757 times)
after observing bitcoin's price from the end of Q1 this year until now, i think we should agree with his prediction about bitcoin price will not reach $9000 by the end of 2018. it will be good for bitcoin to stay above $6000 until the end of 2018 because we have no big positive news to make bitcoin price pumped to reach all high time price anymore like what happened in the early 2018. so patience is still needed to hold our bitcoin investment, and i will tend to wait for recovery time to come.
What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
good---this type of humble sentiment is required for any sustained market bottom. i'm glad we're seeing more and more of the permabulls become increasingly neutral. now if only they'd become bears.
the bagholders either need to liquidate or settle down and hodl for the winter. it'll take time for strong hands to overtake the market again. even if this long term triangle breaks upwards, there's lots of bagholders who will be selling into any uptrend.
Nevertheless, I feel they are still not learning their lessons, as no one can actually tell what tomorrow holds, we all do not know things that may end up changing fundamentally tomorrow and coming out to say bitcoin won't top $9k is an affirmative statement which only someone who could see the future will be able to tell and the last time I checked, Novogratz is not God.
Quote
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Lmao. Who would have thought that his prediction would turn out like this?
But in all seriousness, I think that you're completely right in saying that everyone already knew his prediction was simply some sort of publicity stunt that is completely unrealistic, before his prediction was even edited to be a bearish one.
I honestly don't think that anyone with even slight experience in speculation now would take these 'mainstream' speculators word for it especially without any form of TA to back it up.
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!
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.
What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
This do simply proves out that no man would able to know on what would be exactly the price going specially on crypto were prices are way too unpredictable which it do mainly base on demand and adoption.Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
We have seen this bearish market almost a year and counting. 9k usd price would really be more realistic or considerable. Shit and mistake happens and its good he do admit it.
What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's.
It's possible that he does it because he will not want to stay behind
There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it.
these guys (analysts) spent last year making high price forecasts and today they are hiding from so much shame
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday
it is necessary to see if he is saying this because he is disappointed or because he actually did some technical analysis is concluded that the price will not be more than $ 9000 this year. My opinion is that there are many chances of not reaching $ 10,000 this year
Bitcoin will stay at 6000 USD,if everybody believes that it will stay at 6000 USD.
Bitcoin will go to the moon(or at least to a new ATH),if everyone believes it will go.
It's a self-fulfilling prophecy.People like Novogratz and Tom Lee are the one-eyed in a kingdom of the blind.
Their opinions influence a lot of people,but I think that they just follow the price trend,so they are just a part of the crowd.
It's impossible basically. It will rather grow up in price. Bitcoin will go to the moon(or at least to a new ATH),if everyone believes it will go.
It's a self-fulfilling prophecy.People like Novogratz and Tom Lee are the one-eyed in a kingdom of the blind.
Their opinions influence a lot of people,but I think that they just follow the price trend,so they are just a part of the crowd.
Well no one can predict what will be the price as this are all speculative and nothing assured anyone
Though even if this indeed still we are hopeful that we can atleast touched the $10,000 by year end or if lucky then maybe higher
We all know how hard crypto market recovered this year but lets stay holding guys keep the Faith
Though even if this indeed still we are hopeful that we can atleast touched the $10,000 by year end or if lucky then maybe higher
We all know how hard crypto market recovered this year but lets stay holding guys keep the Faith
if the price of bitcoin was $ 666 before, you might see that now they look comfortable and intimate at $ 6666, whatever that makes the price go to that number and last for a long time maybe $ 66666, I will wait for that moment to really come but not in the year this
Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.
Well, it is still too early to say that bitcoin would not be able to reach $9k by year end because if those who hold large amount of funds would decide to pump the market and encourage those retail traders to buy then they can do it. They just have to release some news, trigger the orders and then we can see an upside movement. It may just even take just a few days to double the price as it is now. We already saw the parabolic movement last year and it may happen again.
I can argue more to every opinions that has came out here mate, and we should respect what visions they had. You're right that it's too early to say final conclusions because bitcoin has an unpredictable behavior, so just stay cool and calm. Let's see what will happen with bitcoin until the end of this year, and hopefully the whales will show up in order to help the price pump until bull run will happen unexpectedly.
Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.
Well, it is still too early to say that bitcoin would not be able to reach $9k by year end because if those who hold large amount of funds would decide to pump the market and encourage those retail traders to buy then they can do it. They just have to release some news, trigger the orders and then we can see an upside movement. It may just even take just a few days to double the price as it is now. We already saw the parabolic movement last year and it may happen again.
The demand seems to have stagnated. So I would agree with what he says. There seems to be an over-supply of Bitcoin in the exchanges, and I don't know from where this is coming. A possible explanation is that Alexander Vinnik (or his friends) are dumping the stolen Mt Gox coins (a wild guess).
Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.At this moment, the bulls will need to make some real good statement to be able to see participation at this moment. Nonetheless, like you said, all this is just a wild guess and if bitcoin peradventure surpasses $9k, I am sure he will come up with another excuse like he did, with his previous predictions. Sure, I won't expect too much for this year, but at least, we can be hopeful.
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. What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
This year can be called worst year in bitcoin's history where every person is lifting there interest with bitcoins and choosing other crypto currency. For me bitcoin can be stuck at $6,000 i don't think it can go below it. Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
It's just a prediction which not 100% sure, because market nowadays is so difficult to determine where to go due to some causes that always exist in the market ,reason why bitcoin always changing direction time on time. Which is in my opinion if you are a true holder you must take all the risk no matter what happen in year end but always bear in mind to put more patience and keep HOLDING because there's always a second chance to obtain huge profits on it, avoid being greedy long term is always good idea. !
You can really distinguished the real and fake supporters. I still believe that bitcoin can exceed $20k this December because how could bitcoins stayed in the $6k mark for many months? The normal movement of bitcoin is only either of the two; slow or fast rise between months or slow or fast fall between months.
I hope that in 2018, Bitcoin will cost over 10k dollars and we will be able to enjoy the bull run and make good money on it
What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
Well he might be just right. This is bitcoin we are talking about so we may never see 9k this year or maybe it will be 9k tomorrow we will never know but the most likely bet would be the price staying under 9k during the last months of 2018. Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
The price however has been stable for a while now, even tho people keep thinking we are in a bear market I believe on contrary we are in a "bull" like market where the price is not going down. Price not going down any further is a great news for us, if the price kept so high for so long it means it should be going up from here because that's the only direction left for it to go.
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!
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
What happened? Have the bitcoin bulls turned into cows? hehehe
Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
I think its true that bitcoin can not reach such price this year. Since i watching the chart regularly which is decrease everyday. Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.
https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg
Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.
"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.
Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.
Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html
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