Well how many "experts"like this one says anything just to bring bitcoin down?
Its an obvious idea that they are just a paid advertiser to make issues and create panic so the bosses plans will take place,and that is to buy bitcoin at low price
You know what mate?why not stop posting things like this because its not helping the community instead this bringing bad impressions
Topic: Mike Novograts to CNBC: ‘I Think Bitcoin’s Price has Bottomed’ (Read 299 times)
I'd say that bitcoin's $6k price level was definitely close to the bottom, if not the definitive bottom.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I reckon one of the good ways to find if there is demand for prices to keep falling is to look at the data on short selling and long buying in different exchanges. I reckon some exchanges let users peer though this data by using their API or directly from their sites.
https://datamish.com
There are more longs than shorts at this moment.
I'd say that bitcoin's $6k price level was definitely close to the bottom, if not the definitive bottom.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
''too much demand for prices to keep falling'' I don't see how that works. Why would demand increase? We already saw what happened when bitcoin crashed from 20k. There was no demand capable of stopping the crash. There is no reason to think there is going to be more demand when we hit 4k. In any case you could argue that demand will go down as people will lose even more interest in bitcoin.
Maybe what he meant that when we reach the stage were the price is around $4K-$5K, people will be tempted to buy because the price is really cheap and at a discount. So the demand will still be there and keep the price to above that bottom. I will admit that I never thought that bitcoin can go below $10K this year, but I learn to accept it and made me think that no one can really say where the price is going to be in the future.
''because the price is really cheap'' Is really cheap compared to what? Wasn't 15k ''cheap'' compared to 20k? What about 10k or 8, etc etc. No such thing as really cheap. As I said people look at this the wrong way, when something falls so drastically, people don't think it's cheap anymore, people think it's trash.
I'd say that bitcoin's $6k price level was definitely close to the bottom, if not the definitive bottom.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
''too much demand for prices to keep falling'' I don't see how that works. Why would demand increase? We already saw what happened when bitcoin crashed from 20k. There was no demand capable of stopping the crash. There is no reason to think there is going to be more demand when we hit 4k. In any case you could argue that demand will go down as people will lose even more interest in bitcoin.
Maybe what he meant that when we reach the stage were the price is around $4K-$5K, people will be tempted to buy because the price is really cheap and at a discount. So the demand will still be there and keep the price to above that bottom. I will admit that I never thought that bitcoin can go below $10K this year, but I learn to accept it and made me think that no one can really say where the price is going to be in the future.
I'd say that bitcoin's $6k price level was definitely close to the bottom, if not the definitive bottom.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
''too much demand for prices to keep falling'' I don't see how that works. Why would demand increase? We already saw what happened when bitcoin crashed from 20k. There was no demand capable of stopping the crash. There is no reason to think there is going to be more demand when we hit 4k. In any case you could argue that demand will go down as people will lose even more interest in bitcoin.
I'd say that bitcoin's $6k price level was definitely close to the bottom, if not the definitive bottom.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
I'm just uncertain as to whether the bearish sentiment in the market would continue longer before the bull market actually comes. Right now, even though we've seen some small bull runs, I think that it's safe to say that we're nowhere close to a bull market yet.
The lowest BTC can go is probably $4-5k within this bear market, in my opinion, under which there will just be too much demand for prices to keep falling. But whether this rally is going to be the start of a recovery or just temporary and will correct is unknown at this stage.
We can't trust the economicts in this market, they have too much to lose if bitcoin is going up and becoming more stable and adapts to regular life of everyone. Unlike most other markets, bitcoin market is still undergoing havy manipulations by institutions and whales hence these economists and their predictions.
Economics try to make money of stocks and forex and derivatives and if people make their own money than we may not need wall street ever again, bitcoin is here so that more people can have a share of the pie in the market. It is not like dollar where even couple bucks can change the life of some african family yet some companies spend thousands of dollars on paper costs.
Economics try to make money of stocks and forex and derivatives and if people make their own money than we may not need wall street ever again, bitcoin is here so that more people can have a share of the pie in the market. It is not like dollar where even couple bucks can change the life of some african family yet some companies spend thousands of dollars on paper costs.
The absence of comments and advice might be showing that we are in a stage of confusion.
Yeah well, a market like this is sure to confuse anyone, and no one can say for sure if this little run we're experiencing is the start of something or whether it's just a dead cat bounce. It's also not a shocker he called the bottom. Looking at where bitcoin has been, that's not exactly a genius call right there.
We can't be sure that bitcoin has bottomed already, because what is against new cycles of drops and ups with a light upward tendency? Even Novogratz said in the interview that he is not sure about it. And he still thinks we need a year for full recovery.
It may or may not have bottomed. It doesn't matter if you don't sell - you are only sitting on paper losses.
It might take a year for full recovery. It might take two. But as long as you have the confidence and sit tight, you should make lots of money.
Also, bitcoin has a very good future ahead of it. Better than all the other cryptocoins. The people who say that it is old or dying are those who are either new in the cryptospace or altcoin bagholders hehehe.
and i have never seen any explanation about "WHY" they think this. i have heard many users around here say the same too but i never get the reason.
They simply don't know.
Mike Novogratz isn't smarter than you are when it comes to the market. What you know he knows and vice versa. In other words, if we all together dig into everything that has any sort of meaning in this industry, we are all on the same level in terms of knowledge. These experts are nothing more than green dildo riders. They are here because it's exciting, unlike the boring stock markets and Gold that doesn't seem to do anything.
All current "experts" were the haters of the past.
Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
Would that imply that he was only announcing his analysis that bitcoin has indeed bottomed out or his announcement was nothing but a trick to have everyone follow him, causing bitcoin to indeed bottom out?
It might have already worked hehehe!
I know haha, every time I see an announcement like this coming out from Mr Wall Street or Mr CEO, I only think 1 thing: they already entered the market and want to offload (so they go super bullish), OR they want the market to reach their entry point so they can buy (so they go super bearish).
This was what Jamie Dimon did and now the formula is being picked up by all the big players.
We're so smart, aren't we?
It might take a year for full recovery. It might take two. But as long as you have the confidence and sit tight, you should make lots of money.
People don't have the patience for that. It's like an eternity for people to wait 1 or 2 years in crypto. They rather stick their money in shitty coins they hope to do a quick 2x in order for them to recover their losses.It's like gambling to a certain degree. What do gamblers when they lost x amount? They try to win it back, and that's where they go worng. People here are not much different. No patience. No skills. No tech understanding.
If you look at last year's peak ($19,500), then at the lowest price last year ($780), you can only conclude that current $8000 mark is a fantastic price. It's not low at all. It's somewhat of an average.
We can't be sure that bitcoin has bottomed already, because what is against new cycles of drops and ups with a light upward tendency? Even Novogratz said in the interview that he is not sure about it. And he still thinks we need a year for full recovery.
It may or may not have bottomed. It doesn't matter if you don't sell - you are only sitting on paper losses.
It might take a year for full recovery. It might take two. But as long as you have the confidence and sit tight, you should make lots of money.
And he still thinks we need a year for full recovery.
and i have never seen any explanation about "WHY" they think this. i have heard many users around here say the same too but i never get the reason. we never had such long "recovery" phases in the past except that one time after 2013 Mt Gox disaster and we have had bigger bubbles than $20k in the history which should have led to longer "recovery" phases according to this logic but they never lasted more than a couple of months like 6 for instance.
Two weeks is too short of a time to tell for sure whether it was bottom or not. We already had two recoveries that have failed and resulted in a drop to $6k. To me all these statements from rich guys sound a bit like manipulation, they know that the public is hyped for ETF and they are playing along by making moon predictions for the end of this year and saying that the bear market is over. To me reaching bottom only half a year after the ATH and crash sounds suspicious. Buying a few weeks ago during sub 6k dip was smart, buying now is FOMO.
@kryptqnick. Here is a direct question for you that others might have started to avoid answering because they have gotten it wrong a few times and might have given up hehehe.
Will we find a lower bottom for 2018 and 2019?
Will we find a lower bottom for 2018 and 2019?
I reckon the speculators in the forum are not convinced that bitcoin's price has bottomed. Also, maybe we are not that persuaded yet that the pump is sustainable at the same time hehehe.
The absence of comments and advice might be showing that we are in a stage of confusion.
We can't be sure that bitcoin has bottomed already, because what is against new cycles of drops and ups with a light upward tendency? Even Novogratz said in the interview that he is not sure about it. And he still thinks we need a year for full recovery. As people were mainly hoping for things to get back to normal this summer, another year is a long time. SEC rejecting etf approval is also not helping to focus on the good future and road to success. And besides, Novogratz is a known btc believer from the early stages. It would be more meaningful if crypto-neutral financial analysts said the same thing. The absence of comments and advice might be showing that we are in a stage of confusion.
Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
Would that imply that he was only announcing his analysis that bitcoin has indeed bottomed out or his announcement was nothing but a trick to have everyone follow him, causing bitcoin to indeed bottom out?
It might have already worked hehehe!
You can't be %100 sure it has bottomed out this is bitcoin we are talking about. Not you, not mike and not anyone in the world can know what the bottom is for bitcoin.
However it was quite obvious that even than if it dropped it wouldn't dropped too much further. It was quite as low as it gets reasonably. I wouldn't be surprised if bitcoin hit 4k or even 3k yet I also wouldn't be surprised if it reached 20k as well. Bitcoin is just like that, going down %50 or going up %100 is both possible in bitcoin world.
However it was quite obvious that even than if it dropped it wouldn't dropped too much further. It was quite as low as it gets reasonably. I wouldn't be surprised if bitcoin hit 4k or even 3k yet I also wouldn't be surprised if it reached 20k as well. Bitcoin is just like that, going down %50 or going up %100 is both possible in bitcoin world.
https://www.cnbc.com/2018/07/26/the-biggest-crypto-firm-on-wall-street-just-took-a-134-million-loss-o.html
or maybe he's decided to attempt to gee up those assholes out there who dumped on him to pull him back to victory. the most obvious explanation usually works for me.
or maybe he's decided to attempt to gee up those assholes out there who dumped on him to pull him back to victory. the most obvious explanation usually works for me.
Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
This.
Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
ETF rejection can bring a lot of dissapointment and we can surely see some selloffs in the near future if it happens. I personally think there is a low chance of etf being approved now in august, but a high chance that it will eventually be approved down the road.
I'm sort of with you on this, I think bottom has already happened, but don't you remember the enthusiasm back in April or was it May? Everyone thought things were looking up, and they even wanted to pull out all the "I told you so" weapons. Then Bitcoin pulled back and hit a new bottom this year.
I'm not saying I don't want the bull run to happen. I just really want to have Bitcoin at a solid foundation before that happens. If Bitcoin ends the year STRONG at 8k that will be the best before we all head out for rallies non-stop in 2019.
I'm not saying I don't want the bull run to happen. I just really want to have Bitcoin at a solid foundation before that happens. If Bitcoin ends the year STRONG at 8k that will be the best before we all head out for rallies non-stop in 2019.
Both sides invalidate each other's analysis and observation when they know they are in control of the market over the other. Let's face it, during a bull run we feel high and mighty without even thinking about the possibility of a crash, same when a bearish trend is looming and the bulls take it as 'trolling' without considering the current market conditions. But going back, $5700+ could be the bottom of this trend, though it's early to say such knowing that what's happening now have already happened twice within a 6-month period, and could again slide back down sub-$6k or even lower.
I think finding the bottom was about seller exhaustion and reseting all the people who had hoped for an easy quick game and as a mirror of that were also willing to dump it on the way down having failed in that objective. After a while the supply left is just the more longer term holders who are more widely distributed, patient and willing to wait on any price the market throws out there.
Or from a purely numbers look, this area was very viable for a turnaround as far closer to an average for the past year. We have the 200 day moving average in this area now and we are on the underside so I would think we have to do battle with that measure before being especially bullish. Just out running a negative trend is good for price recovery but long term alot markets look at this 200 day price for a sign of the likely direction.
Or from a purely numbers look, this area was very viable for a turnaround as far closer to an average for the past year. We have the 200 day moving average in this area now and we are on the underside so I would think we have to do battle with that measure before being especially bullish. Just out running a negative trend is good for price recovery but long term alot markets look at this 200 day price for a sign of the likely direction.
The absence of comments and advice might be showing that we are in a stage of confusion.
or it shows that the subject of reaching the bottom was already discussed elsewhere in multiple different topics and also shows that people don't care what some old hedge fund manager dude who advertises his BlockFi fundraising says about bitcoin price
Agreed. There were already many discussions where the bottom is going to be since January. Many thought it was on $15,000 or $10,000. I reckon they have already given up and have stopped resisting the bear market because some of them are now so sure that the bottom will be below $5000 hehehe.
Hope those that are speculated that bitcoin will fall to $3,000 before recover can now see that thing has actually change. The type of bullish trend we are seeing now was just like what we have last year. Bitcoin has tried to make above $400 daily for the past few days .
no real speculator has ever actually expected the drop down to $3000. at least all the cases that I have seen and I have seen a lot, have been trolls and desperate newbies who missed the chance to buy or sold at the bottom and wanted the price to go lower so they could buy back.
and by the way $400 rise these days means 5% rise which is nothing.
5% rise can actually rise up some emotion since base of the statistics these days the bitcoins price go stretch a little more wider and by this maybe the ecosystem is building up a little positive output to those newbies who's seeking justice for the bits they've bought at the top price back on December - January. And I wouldn't expect for a dump less than $3000 since if that one happen then maybe it will take a long time for us to trust the bitcoins dominance again.
Hope those that are speculated that bitcoin will fall to $3,000 before recover can now see that thing has actually change. The type of bullish trend we are seeing now was just like what we have last year. Bitcoin has tried to make above $400 daily for the past few days .
no real speculator has ever actually expected the drop down to $3000. at least all the cases that I have seen and I have seen a lot, have been trolls and desperate newbies who missed the chance to buy or sold at the bottom and wanted the price to go lower so they could buy back.
and by the way $400 rise these days means 5% rise which is nothing.
I reckon many of you have started accepting the possibility that bitcoin has reached the bottom, versus 2 weeks ago, when all of you were always ready to throw rotten tomatoes at me. But I understand. The mood 2 weeks ago was very in denial and pessimistic. Also, any bullish article shared was taken as trolling hehehe.
CEO of Galaxy Investment Partners Mike Novogratz expressed his optimism for the future of Bitcoin to CNBC’s Crypto Trader in an interview at the Beyond Blocks Conference in Seoul, South Korea.
In a previous interview during December of last year, Novogratz stated that he was not interested in investing in Bitcoin due to the looming uncertainty to follow Bitcoin’s 2017 boom. However, Novogratz has since become bullish on the prospects of Bitcoin, stating that he thinks the price of Bitcoin has finally hit bottom.
“I think we’ve pretty much bottomed,” says Novogratz.
Novogratz also suspects a “tipping point” is coming and all it takes is for one large financial institution to come into the cryptospace for the rest to follow. Novograts believes this tipping point will come within the next 6-18 months.
Read in full https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/
Hope those that are speculated that bitcoin will fall to $3,000 before recover can now see that thing has actually change. The type of bullish trend we are seeing now was just like what we have last year. Bitcoin has tried to make above $400 daily for the past few days . CEO of Galaxy Investment Partners Mike Novogratz expressed his optimism for the future of Bitcoin to CNBC’s Crypto Trader in an interview at the Beyond Blocks Conference in Seoul, South Korea.
In a previous interview during December of last year, Novogratz stated that he was not interested in investing in Bitcoin due to the looming uncertainty to follow Bitcoin’s 2017 boom. However, Novogratz has since become bullish on the prospects of Bitcoin, stating that he thinks the price of Bitcoin has finally hit bottom.
“I think we’ve pretty much bottomed,” says Novogratz.
Novogratz also suspects a “tipping point” is coming and all it takes is for one large financial institution to come into the cryptospace for the rest to follow. Novograts believes this tipping point will come within the next 6-18 months.
Read in full https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/
we have been saying bitcoin has bottomed when it was at the bottom but good for him to say it now that we are 40% above that bottom and about 1 month has passed 
but there is a correlation here: better future means more adoption and a higher price as a result.
not to mention that if anyone wants to start a propaganda they will do it at any price, even when price was $400 we had major FUD about bitcoin.
Bitcoin has a great future,but it`s future isn`t actually tied to the bitcoin price(most people believe that the higher bitcoin price,the better,which might be wrong).
many people see bitcoin as an investment only so this mindset will exist and we can't do anything about it.but there is a correlation here: better future means more adoption and a higher price as a result.
Quote
I think that the bitcoin price has to move in the range between 8K and 16K in order to be safe.Anything above 20K will raise a reg flag for the central banks and govenments and they will start all the "don`t get into this dangerous bubble!" type of FUD propaganda.
if you think banks and government saying something negative about bitcoin is going to make it "unsafe" and threaten its future then you are admitting that bitcoin has failed as a decentralized currency that doesn't need approval of banks or the government to succeed. not to mention that if anyone wants to start a propaganda they will do it at any price, even when price was $400 we had major FUD about bitcoin.
Bitcoin has a great future,but it`s future isn`t actually tied to the bitcoin price(most people believe that the higher bitcoin price,the better,which might be wrong).I think that the bitcoin price has to move in the range between 8K and 16K in order to be safe.Anything above 20K will raise a reg flag for the central banks and govenments and they will start all the "don`t get into this dangerous bubble!" type of FUD propaganda.
The absence of comments and advice might be showing that we are in a stage of confusion.
or it shows that the subject of reaching the bottom was already discussed elsewhere in multiple different topics and also shows that people don't care what some old hedge fund manager dude who advertises his BlockFi fundraising says about bitcoin price
I reckon the speculators in the forum are not convinced that bitcoin's price has bottomed. Also, maybe we are not that persuaded yet that the pump is sustainable at the same time hehehe.
The absence of comments and advice might be showing that we are in a stage of confusion.
The absence of comments and advice might be showing that we are in a stage of confusion.
As a bull, a 7-month low always gets me way more hyped than a 1-month high.
I reckon many of you have started accepting the possibility that bitcoin has reached the bottom, versus 2 weeks ago, when all of you were always ready to throw rotten tomatoes at me. But I understand. The mood 2 weeks ago was very in denial and pessimistic. Also, any bullish article shared was taken as trolling hehehe.
CEO of Galaxy Investment Partners Mike Novogratz expressed his optimism for the future of Bitcoin to CNBC’s Crypto Trader in an interview at the Beyond Blocks Conference in Seoul, South Korea.
In a previous interview during December of last year, Novogratz stated that he was not interested in investing in Bitcoin due to the looming uncertainty to follow Bitcoin’s 2017 boom. However, Novogratz has since become bullish on the prospects of Bitcoin, stating that he thinks the price of Bitcoin has finally hit bottom.
“I think we’ve pretty much bottomed,” says Novogratz.
Novogratz also suspects a “tipping point” is coming and all it takes is for one large financial institution to come into the cryptospace for the rest to follow. Novograts believes this tipping point will come within the next 6-18 months.
Read in full https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/
CEO of Galaxy Investment Partners Mike Novogratz expressed his optimism for the future of Bitcoin to CNBC’s Crypto Trader in an interview at the Beyond Blocks Conference in Seoul, South Korea.
In a previous interview during December of last year, Novogratz stated that he was not interested in investing in Bitcoin due to the looming uncertainty to follow Bitcoin’s 2017 boom. However, Novogratz has since become bullish on the prospects of Bitcoin, stating that he thinks the price of Bitcoin has finally hit bottom.
“I think we’ve pretty much bottomed,” says Novogratz.
Novogratz also suspects a “tipping point” is coming and all it takes is for one large financial institution to come into the cryptospace for the rest to follow. Novograts believes this tipping point will come within the next 6-18 months.
Read in full https://unhashed.com/cryptocurrency-news/mike-novogratz-cnbc-bitcoin-bottomed/
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