Sorry this is jusy my perspective as a newbie, maybe the experienced one will have different opinion and fact
Topic: [BREAKING NEWS]: Goldman Sachs says bitcoin could rise another 50% - page 2. (Read 2220 times)
July 04, 2017, 06:17:39 AM
Bitcoin is really unpredictable, no body can guess the price tomorrow/ in the future. Before touch 2,000$, in the past nobody can predict it will pass 600$, this is just different thing from another currency, IMO as newbie btc not like the other currecny, the graph really hard to understand, the transactions almost impossible to trace, the fee always rising because the block, there is lot of reasons why we can't predict the future of this currency.
Sorry this is jusy my perspective as a newbie, maybe the experienced one will have different opinion and fact
Sorry this is jusy my perspective as a newbie, maybe the experienced one will have different opinion and fact
July 04, 2017, 05:55:55 AM
Is Goldman Sachs really good in predicting the future value of anything? Well, it is always good to hear positive speculations on the value of Bitcoin. I am not so sure but news like this may have some self-fulfilling effect on the market. Actually, this is not the first time we hear of such a prediction and there would be more in the coming days. I am wondering if there can be correlation between speculative news and the volatility experienced by Bitcoin.
July 04, 2017, 05:30:35 AM
This might be a piece of news report released that are hoping to cause a big price surge in bitcoins after 1st august, maybe the analyst of Goldman Sachs is predicting about what could happen to bitcoin price before and after 1st august, there might be a lot of users panic selling away their bitcoins before 1st august and bitcoin price might really plunge a lot, but how much could bitcoin price recovers after 1st august is really difficult to predict.
July 04, 2017, 04:39:27 AM
The same guy was saying something different three weeks ago : http://uk.businessinsider.com/bitcoin-price-goldman-sachs-2017-6?r=US&IR=T
He looks at charts and does short term analysis, in my opinion.
He looks at charts and does short term analysis, in my opinion.
July 04, 2017, 04:17:56 AM
The thread owner should atleast post the link for the breaking news !
Said that, it's not a big news, known the volatility that bitcoin has, it can rise another 100% also, or can go down another 50% ! Until then, let's keep gathering bitcoins !
https://finance.yahoo.com/m/d45c1927-5c5e-3f0d-9c99-b31863a104b1/ss_goldman-sachs%3A-bitcoin-will.htmlSaid that, it's not a big news, known the volatility that bitcoin has, it can rise another 100% also, or can go down another 50% ! Until then, let's keep gathering bitcoins !
at your service
July 04, 2017, 04:14:16 AM
The thread owner should atleast post the link for the breaking news !
Said that, it's not a big news, known the volatility that bitcoin has, it can rise another 100% also, or can go down another 50% ! Until then, let's keep gathering bitcoins !
Said that, it's not a big news, known the volatility that bitcoin has, it can rise another 100% also, or can go down another 50% ! Until then, let's keep gathering bitcoins !
July 04, 2017, 04:10:31 AM
i don't get why this is an important enough news to call it "breaking".
it is the same story all over again. price started rising again and went above $2600 and now everyone is changing position and saying it will rise. and after it comes down they again change position and say it will die.
although this is an interesting approach to say it will drop then rise
it covers both possibilities.
it is the same story all over again. price started rising again and went above $2600 and now everyone is changing position and saying it will rise. and after it comes down they again change position and say it will die.
although this is an interesting approach to say it will drop then rise
it covers both possibilities.
July 04, 2017, 04:05:26 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
it seems like that this article was written as a way to make others buy into bitcoin, so that they can make profit themselves on existing bitocin they have bought. This is one of teh most traditional ways of corporations using media to their own advantage.
I personally think that however they got the data - $4000 isn't impossible at all. It' sjust improbable when bitcoin is probably going to get forked into 2 and they run simultaneously that bitcoin will almost double in price again.
But whatever their intentions were - goldman sachs are probably one of theh biggest investment banks in the world and has a huge influence over the financial markets, and they are clearly showing interest in bitcoin.
July 04, 2017, 03:05:30 AM
Do they rent the crystal ball to everyone or just the Goldman Sachs's of the world? It does not mean if your predictions has been correct before, that all your future predictions will also be correct. Bitcoin has proven time and time again that they can fool even the biggest critic and pessimist. We will just do what we normally do, which is Hodl your coins for the big "Moon" price, when this thing goes ballistic. ^smile^
July 04, 2017, 02:50:38 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
Uh, now i don't think that neither of the predictions is accurate.
1. Bitcoin isn't going to plunge. The worst that is going to happen is bitcoin dropping to $2200+, which is only like a 10% drop. I wouldn't really call that a plunge in bitcoin terms.
2. $4000 is ridiculous. I'm a firm bitcoin believer for the long term and $4000 could be achieved with ease with the next halving. But right now, i think that we're going to either go into bear mode for a while, or just stabilize at $2500. maybe we'll go back up to $3000, and the bullishness of the market will depend greatly on whether or not that barrier gets broken. But $4000 seems like a bit of a stretch.
goldman and sachs btw? i thought they hated btc?
July 04, 2017, 01:26:56 AM
i still don't put much value in the articles i read online about bitcoin price. it doesn't matter who writes them. and it doesn't matter if i am agreeing with it or not.
so far all the things that i have seen is mostly biased articles where people try to benefit from if someone follows it. and sometimes i see articles written by very misinformed people not knowing much about this market and trying too hard just to post an article
so far all the things that i have seen is mostly biased articles where people try to benefit from if someone follows it. and sometimes i see articles written by very misinformed people not knowing much about this market and trying too hard just to post an article
July 04, 2017, 01:20:54 AM
If Goldman Sachs guesses were worth something they'd keep the information to themselves and earn billions. Bitcoin will go up but providing a target is dumb
Basically this, this is not their area of expertise, so to be honest their guesses are as good as anyone else at best, if they wanted they could easily make the price pump as much by just investing some money in bitcoin, I’m sure they have the pockets to make that a self fulfilling prophecy. 
July 04, 2017, 01:19:19 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
Breaking news thread subject lines should always be post in the uppercase format such as [BREAKING NEWS]:It makes it easier for others to read the day's most pertinent news headlines.
Please rededit your subject line.
@Minecache
You are defining the forum rules now?
@OP
More important than the uppercase crap is the absence of any source in form of a http link. Btw: check my sig
edit: To help OP: http://www.businessinsider.de/bitcoin-price-goldman-sachs-2017-7?r=US&IR=T (just copy paste)
July 04, 2017, 01:15:33 AM
GS bowed to pressure when they finally introduced Bitcoin in their reporting. They were surprisingly spot on with their first recommendation of buying at a below 2,300 dip which few others expected. Still not buying any expert opinion on crypto yet, though. The 50% rise is really a matter of when, not if.
July 04, 2017, 12:56:11 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
No link?Yeah that is breaking. Breaking my heart. At least prove it with a little effort.
if you google bitcoin every day you can see these so called "breaking news" that these guys post every day
and for finding anything specific like this just google what they post in their title, it is a copy paste of the news article title most of the times.
here is for the lazy: https://finance.yahoo.com/m/d45c1927-5c5e-3f0d-9c99-b31863a104b1/ss_goldman-sachs%3A-bitcoin-will.html
July 04, 2017, 12:55:55 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
I really don't think that bitcoin is their area of expertise.
Though I do think that the plunge they are talking about is going to happen. Probably just before the soft fork is activated at 1st August, because there will be a lot of people panicking and not being able to hold onto their coins and tempted to sell them.
They have released no proof of their analysis, it could be possible that they are holding bitcoin right now and trying to get a quick buck or two out of it by releasing some sort of encouraging information for bitcoin investors to buy into. I'd be much more believing if they just showed evidence of research on bitcoin charts instead of mentioning someone's name whom no one has known before this.
Goldman is THE biggest and most opportunistic player in the banking and finance and NEVER EVER will tell you the truth - it's all about tactics and hard to discover what they are really about.
July 04, 2017, 12:29:56 AM
See I'm fine with people posting Breaking News when we have truthful news that's hitting Bitcoin and the people should know, but when you're simply just making stuff up to be able to scare people (volatility), try to get more people to buy bitcoin, or whatever you're trying to be doing here it's just harmful for the community as a whole. Cause you're starting a trend that others are going to follow to get more views, then everything on here is going to say BREAKING NEWS.
Cut this shit, this is dumb as fuck.
Cut this shit, this is dumb as fuck.
July 04, 2017, 12:25:37 AM
Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000
I really don't think that bitcoin is their area of expertise.
Though I do think that the plunge they are talking about is going to happen. Probably just before the soft fork is activated at 1st August, because there will be a lot of people panicking and not being able to hold onto their coins and tempted to sell them.
They have released no proof of their analysis, it could be possible that they are holding bitcoin right now and trying to get a quick buck or two out of it by releasing some sort of encouraging information for bitcoin investors to buy into. I'd be much more believing if they just showed evidence of research on bitcoin charts instead of mentioning someone's name whom no one has known before this.
July 04, 2017, 12:02:43 AM
Its a good news then if bitcoin will go higher again, But how about the other altcoins like ETH, LTC, DASH, ZEC, XMR etc.. I wonder if this altcoins will go up too.
I think it the same happen to all altcoin if bitcoin go higher again so the other altcoin will follow, and also with the transaction fee will rise again.
July 03, 2017, 11:47:36 PM
Its a good news then if bitcoin will go higher again, But how about the other altcoins like ETH, LTC, DASH, ZEC, XMR etc.. I wonder if this altcoins will go up too.
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