Ever since I got in the world of crypto, there are two types of people that I found so far:
1. People who creates FUD.
2. People who wants to start a FOMO train.
But my whole conclusion is; these two types of people and the world of crypto is a PARADOX.
Topic: Quinlan Associates: Bitcoin Price will Crash to $1,800 in 2018 - page 2. (Read 802 times)
January 17, 2018, 02:00:05 PM
January 15, 2018, 10:39:48 PM
I never heard of that group. I think it is just another propaganda against bitcoin. If they think they can influence people to dump their bitcoin because of their report well they will be disappointed.
I can see more and more news like that. Even at my local bitcoin exchange there is a warning that investing in Bitcoin might not be the safest investing option
and the high price we currently have is most likely a bubble and soon we will see a severe correction.
With enough of bullshit flying around people would start to believe in all negative news and will follow anti-bitcoin propaganda.
A conscientious exchange! Now that’s news. If you don’t mind me asking, which one is it?
January 15, 2018, 04:59:11 PM
I never heard of that group. I think it is just another propaganda against bitcoin. If they think they can influence people to dump their bitcoin because of their report well they will be disappointed.
I can see more and more news like that. Even at my local bitcoin exchange there is a warning that investing in Bitcoin might not be the safest investing option
and the high price we currently have is most likely a bubble and soon we will see a severe correction.
With enough of bullshit flying around people would start to believe in all negative news and will follow anti-bitcoin propaganda.
January 15, 2018, 03:19:45 PM
I know it involved Mt. Goxx but I have no idea about the details. Supposing that 2018 will be like 2013, wouldn't it much more practical to drop at around 10k - 8k rather than that very low price? I mean, come on. Would whales and strong investors would wait for the price to reach that bottom. Seeing BTC at 10k would be a good entry point for them, right?
Perhaps you've yet to witness a full on panic. Emotions turn on a dime. The people boasting about 'buying the dip' run screaming when it becomes real. Only the people without emotions, the real traders, are the ones who buy at the absolute bottom. Every other mug waits for it gain a few tens of per cent.
Everyone likes to boast about their muscular trading plans when it's a on rip. They turn to dust when fear descends.
The 2011 bubble went from $32 to $2.
Each one is completely different of course so there's no way of knowing, but the one thing that doesn't change is human nature which is what gives birth to bubbles in the first place.
We still don't really know what role Gox played in the lead up to the 2013 bubble. We certainly know about its role in its deflation though.
January 15, 2018, 02:03:20 PM
Goldman Sachs gave up their predictions around the $4000 ish mark. Why should be listen to anyone else? It'll do what it's going to do. That price is possible. It would be a deeper fall than 2013 but not by very much, but it'll take something pretty radical for it to happen.
Though all of this could be argued since all of them are just mere predictions. But from the article in the OP, giving the exact amount would be very intriguing. I am not aware of what really happened about the 2013 crash, I know it involved Mt. Goxx but I have no idea about the details. Supposing that 2018 will be like 2013, wouldn't it much more practical to drop at around 10k - 8k rather than that very low price? I mean, come on. Would whales and strong investors would wait for the price to reach that bottom. Seeing BTC at 10k would be a good entry point for them, right?
January 15, 2018, 01:29:45 PM
$1800 is a pretty low amount of money, and if it happens, i will just sell all my stuff and buy as many bitcoins as i can, who knows if in a few years after you buy the price makes another x10? I do not know, but for me, the price can not drop anymore.
January 15, 2018, 01:19:59 PM
Goldman Sachs gave up their predictions around the $4000 ish mark. Why should be listen to anyone else? It'll do what it's going to do. That price is possible. It would be a deeper fall than 2013 but not by very much, but it'll take something pretty radical for it to happen.
January 15, 2018, 10:55:56 AM
I never heard of that group. I think it is just another propaganda against bitcoin. If they think they can influence people to dump their bitcoin because of their report well they will be disappointed.
Nothing more than publicity stunt. No way btc is going any where below 5000$ for this year for sure. Infact going below 10k is also very difficult unless few major countries go against btc and this can cause some problems for this coin. Else it is good to keep investing in btc and other cypto currencies for this year.
January 15, 2018, 10:41:53 AM
soo.. blockchain is 151 GB as of today, how big is that poor brochure i wonder
January 15, 2018, 10:31:08 AM
these are some random dudes from Hong Kong who are trying to advertise more for their firm by using the hot topic of these days.
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
Yeah, I checked out their website and they're apparently a strategy consultation firm which specializes in financial services.
They do seem to have an explanation about how they came up with their numbers though, as they came out with a 156-page report. I can't find a full copy because it seems to be up for sale, but here is one with the first 36 pages:
https://www.quinlanandassociates.com/wp-content/uploads/2018/01/Quinlan-Associates-Fools-Gold-Sample-Pages.pdf
They apparently tried to calculate Bitcoin's true value, which I think is an impossible task because there will always be demand as a factor. This could be a publicity stunt as you have suggested, but they're going to look like fools if their prediction falls flat in its face, which is the most likely scenario.
That’s a good find, thanks. They do appear to have studied crypto based on that table of contents. I would love to find a full copy of that book online. They certainly seem to have taken every aspect of the cryptocurrency ecosphere into account.
They will fall victim to the same issues all financial analysts encounter, complexity and externalities. Whether they’re studying cryptocurrency, a specific stock market or an individual governments economy there are too many unforeseen variables to predict a specific outcome. They couldn’t possibly know the depth of collusion between members of the mining cartel, the level of fraudulent market manipulation happening between all of the exchanges or the hidden criminal activities creating demand that are fueling the price climb. If the book were written by government analysts for an organization like the CIA I might believe they have a chance at being right (but they wouldn’t release the info, it would be top secret and used for raids like BTCe). A private sector firm getting it right, no way.
January 15, 2018, 01:48:33 AM
I never heard of that group. I think it is just another propaganda against bitcoin. If they think they can influence people to dump their bitcoin because of their report well they will be disappointed.
January 15, 2018, 01:41:44 AM
Bitcoin may come down below 10 thousand dollars that too in very unlikely yet for some time demand is bombarding day by day it will be spike in prices
January 15, 2018, 01:35:04 AM
these are some random dudes from Hong Kong who are trying to advertise more for their firm by using the hot topic of these days.
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
Yeah, I checked out their website and they're apparently a strategy consultation firm which specializes in financial services.
They do seem to have an explanation about how they came up with their numbers though, as they came out with a 156-page report. I can't find a full copy because it seems to be up for sale, but here is one with the first 36 pages:
https://www.quinlanandassociates.com/wp-content/uploads/2018/01/Quinlan-Associates-Fools-Gold-Sample-Pages.pdf
They apparently tried to calculate Bitcoin's true value, which I think is an impossible task because there will always be demand as a factor. This could be a publicity stunt as you have suggested, but they're going to look like fools if their prediction falls flat in its face, which is the most likely scenario.
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January 15, 2018, 12:21:10 AM
$1,780 is a pretty specific number. That’s different from saying it will drop by half or 70% or whatever. For supposed experts that can predict an exact price amount, I have never heard anything about them and I follow bitcoin news as a hobby.
It would be a lot more specific if they said the exact date when that is going to happen, but I agree with you it is quite specific.
Now they only have to put their money where they mouth is. I would like to see proof that they have gone all in betting against bitcoin to give some credibility to that. If they are so sure they can even take loans, even mortgage their homes, to bet against bitcoin.
January 15, 2018, 12:04:49 AM
these are some random dudes from Hong Kong who are trying to advertise more for their firm by using the hot topic of these days.
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
there is not much explanation about how they came up with these numbers, we have to take their word for it and assume their "calculations" are true! most probably they looked at some charts and saw the 2013 thing and then drew some lines on the chart and came up with the specific number $1,780!
January 14, 2018, 07:59:15 PM
Neither I never heard Quinlan Associates. But I believe if the company estimates the Bitcoin for an utilized payments system, for now, it's really bad, No wonder they make that estimated price. but personally, its too low if we judge Bitcoin as the whole ecosystem.
Actually, I agree about the cryptocurrencies with strong foundations and a clear utility will survive trough bloodbath and Bitcoin Price Spikes, and the scam coin will be useless.
Actually, I agree about the cryptocurrencies with strong foundations and a clear utility will survive trough bloodbath and Bitcoin Price Spikes, and the scam coin will be useless.
January 14, 2018, 07:37:28 PM
Quinlan who? Not even Wall Street heavyweights can dampen the enthusiasm of people on bitcoins right now. Did they make a prediction for 2017?
January 14, 2018, 06:44:19 PM
Quote
“As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687 respectively. To value BTC as a currency, we estimated its utilisation for both legal, retail transaction payments, as well as payments in the black market. After significant testing, we calculated the price of BTC to be $1,780.”
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
‘In the short term, Quinlan Associates sees nothing but a period of a critical bloodbath for bitcoin and the crypto ecosystem as a whole. However, the firm opined that the market would be rebound after the crash to experience another period of growth triggered by cryptocurrencies with strong foundations and a clear utility
It doesn't seem to be any close to reality but I do like this kind of news. It will make a lot of people out which is good )
it is very funny that some people (like buffett) says bitcoin is going to zero, some people(like charlie) says bit coin is going to reach a million in 10 years. just keep opinion to yourself, time will prove the truth
Is that even possible? how do they conduct their analysis? Well, I don't want say it is impossible but demand of bitcoin is still increasing when there are more and more new projects appear and use bitcoin as payment. Moreover, people who are new in bitcoin, would likely buy some to experience what bitcoin is
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