Re: Bloomberg Intelligence: the price of bitcoin could fall to $ 900
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Topic: Bloomberg Intelligence: the price of bitcoin could fall to $ 900 (Read 242 times)
March 06, 2018, 09:41:40 AM
Now is the time for growth of bitcoins. Therefore, we need to start right now to rise to investing.
February 16, 2018, 05:00:45 PM
These Wall Street guys are so obsessed with the fact that Bitcoin and cryptocurrency did not stem from one of their cocoons
Blockbuster didn't give a shit about Netflix at first. Then they were bankrupt. It all comes up really fast. Give it another year. Maybe two. Wall street is going to be jobless soon. 
February 14, 2018, 07:58:47 AM
These Wall Street guys are so obsessed with the fact that Bitcoin and cryptocurrency did not stem from one of their cocoons and they mostly do not hide their death wish. They ought to know, whatever makes them experts at Wall Street is irrelevant in the cryptoworld, because cryptocurrencies do not understand the language of Wall Street, neither its norms and cultures! Bitcoin and cryptocurrency are here to stay, the early adopters status is a prized one, no one should allow strangers take their place!
February 14, 2018, 07:32:23 AM
I also saw today this news and this prediction. This surprised me, but did not bother me.
Everyone has their own motives for saying something publicly. Maybe he just wants to buy a bit of bitcoin for 900 bucks. But wanting and doing - these are completely different things.
Everyone has their own motives for saying something publicly. Maybe he just wants to buy a bit of bitcoin for 900 bucks. But wanting and doing - these are completely different things.
February 14, 2018, 07:24:09 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
I think Mike McGlone just made the speculation that can not be accounted for. if bitcoin reaches $ 900 why bitcoin is currently in the position of $ 9000. do not trust news that has no obvious source because it only causes panic sell. and we should be optimistic if bitcoin will be at the highest price.
February 14, 2018, 07:23:06 AM
It is extremely difficult to predict the price, hence the market has no clear financial instruments to measure it.
The value of each cryptocurrency can be determined by the following basics:
- the circulating amount
- the historical data
- supply/demand
- chain difficulty
- exchanges willing to work with the coin
- how useful the coin is to the community
- how easily it can be exchanged from and to fiat
- news and media coverage
- large-scale investors
- coin wealth distribution
Each time one of these parameters changes, the price changes as well. $900 is very optimistic for those who are willing to buy bitcoins, why not $250-300 then, like it was some time back? My answer to that would be that it is almost impossible, because you can't lower some parameters, once they are at a certain level. Like news and media coverage value, for example. The more people know about the coin, the more its worth. It's like saying everyone at some point will completely forget about the brand "Coca-Cola". It's impossible. Bitcoin is a brand and it has a significant brand-value in it. When people write their price expectations, they have to base them on some data or numbers, otherwise they're just taking a wild guess.
The value of each cryptocurrency can be determined by the following basics:
- the circulating amount
- the historical data
- supply/demand
- chain difficulty
- exchanges willing to work with the coin
- how useful the coin is to the community
- how easily it can be exchanged from and to fiat
- news and media coverage
- large-scale investors
- coin wealth distribution
Each time one of these parameters changes, the price changes as well. $900 is very optimistic for those who are willing to buy bitcoins, why not $250-300 then, like it was some time back? My answer to that would be that it is almost impossible, because you can't lower some parameters, once they are at a certain level. Like news and media coverage value, for example. The more people know about the coin, the more its worth. It's like saying everyone at some point will completely forget about the brand "Coca-Cola". It's impossible. Bitcoin is a brand and it has a significant brand-value in it. When people write their price expectations, they have to base them on some data or numbers, otherwise they're just taking a wild guess.
February 14, 2018, 07:19:27 AM
It is very unlikely to see the price below 1000 dollars bitcoin demand is so high
February 14, 2018, 07:14:39 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
The reasoning based on a false assumption is false, mate.
February 14, 2018, 07:11:50 AM
we will see what happen just wait if its true i would like to buy a lot of bitcoin and trust myself by holding it, it will be possible that a 200% of profit will earn , we reach almost 20000usd its not impossible that it will happen again.
February 14, 2018, 07:05:24 AM
Another Bitcoin "expert" has spoken.
To be honest everyone can stand behind the company's name he's working and say anything he wants. But the question is how relevant that is.
In crypto world anything is possible, I don't say, but still too much attention is given to such news from so called experts.
To be honest everyone can stand behind the company's name he's working and say anything he wants. But the question is how relevant that is.
In crypto world anything is possible, I don't say, but still too much attention is given to such news from so called experts.
February 14, 2018, 06:59:16 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
900 hundreds dollar is good estimate i have also this same opinion , i think maybe it take one or two year before it reach 900 dollar but like you have said it here and i agree it with you price for bitcoin continue to go low
and i love it like this , in my place we have been doing short sale so many time and today it has been reveal that evn more monies we have made like this than when before price was going up , i think many ppls are doing like me and this is huge huge big money thing for those ppls whom are smart in this place
February 14, 2018, 06:55:11 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
he is making his prediction, just as everyone makes their predictions. there is something that people should notice, prediction do not mean "it will happen". can happen or may can not happen
for example:
CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
Crypto Experts Predict 2018 Bull Run: Bitcoin To $50k, Overall Market Cap To $1 Trln
Winklevoss Twins: Bitcoin Has Potential To Grow At Least 30-fold In 10 To 20 Years
Tom Lee Says BTC Will Hit $25,000 in 2018, Advises ‘Aggressive’ Buying At Market Low
can happen or may can not happen
Who is this McGlone, who then considers him an expert?
https://www.linkedin.com/in/mike-mcglone-a8442513
February 14, 2018, 06:27:04 AM
Crap as usual. They are comparing the Nasdaq at its peak (more than 5 trillion of $ of market cap) with the current crypto market (400 M $ of total market cap), we still have a long (bumpy) road ahead 
February 14, 2018, 06:23:22 AM
Based on ETH that runs twice as fast as Bitcoin and the development team can also be trusted and
the price volume ration I would say the price of Bitcoin still has a long way to drop but I guess the
slot machine players here don't want to listen to maths or logic
Yeah "Buy on the dip" all the way to the bottom !
the price volume ration I would say the price of Bitcoin still has a long way to drop but I guess the
slot machine players here don't want to listen to maths or logic
Yeah "Buy on the dip" all the way to the bottom !
February 14, 2018, 06:19:27 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
"conditions of uncontrolled supply growth" - this proves his understanding of Bitcoin is ZERO
The day Bitcoin Cash forked, any pretense of limited supply died.
February 14, 2018, 06:17:26 AM
I don't believe because Bitcoin was growth as well even the whales will dump the price but some of us will buy it for covering the price.
February 14, 2018, 06:16:39 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
Those fat cooperate pigs have everything to win if bitcoin decrease in price ,they jump on the chance to bash and talk shit about it ,because they know the younger generation are all intressted in cryptocurrencies and not their boring stocks and indexes .
Boring stocks? Obviously, you haven't been following the biotech sector over the past 6-12 months. There are many companies with % gains that rival cryptos and have a long way to grow as their products clear FDA trials.
February 14, 2018, 06:13:16 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
"conditions of uncontrolled supply growth" - this proves his understanding of Bitcoin is ZERO
I think he is trying to describe the uncontrolled supply growth of altcoins that function in the same or a similar manner vs. Bitcoin that are growing in both popularity and market cap due to faster transaction times and lower fees. Competition from altcoins will push the average price of everything down over time if usability as a currency is the goal.
February 14, 2018, 06:00:36 AM
The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.
"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.
Who is this McGlone, who then considers him an expert?
Those fat cooperate pigs have everything to win if bitcoin decrease in price ,they jump on the chance to bash and talk shit about it ,because they know the younger generation are all intressted in cryptocurrencies and not their boring stocks and indexes .
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