Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Goodcat49 on November 19, 2018, 11:52:47 AM
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Some analysts from Bloomberg Intelligence (BI) anticipate that Bitcoin (BTC) will "fall further," as reported by Bloomberg. Various crypto sector pundits have already started calling this the cryptocurrency winter.
“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.
A Вeep Вitch for Bitcoin
Travis Kling, a hedge fund founder, was quoted saying that he "didn't sleep very well" due to the high disorder in wider digital currency markets because of the recent Bitcoin Cash (BCH) hard fork, which coinidol recently reported.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
Crypto Bear Market Effect
Mike McGlone, a BI analyst, also said that the recent market crash was sparked by the pump for the BCH hard fork. He elaborated:
“Pump that started a few weeks ago, got the market a bit too offsides with speculative longs playing for the good old days. But this is an enduring bear market.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-will-drop-further-to-1500/
(https://coinidol.com/upload/resize_cache/iblock/11b/900_900_1/11b35e86ded7f09083d7717dfc0949f5.png)
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I do not see Bitcoin price to be $1 500 at any time even though its price has plunged. Bitcoin's price is bearish now. The sleeping giant will wake up soon. Remember Bitcoin has a limited number so it will be scarce and being scarce will make the price go up on the long run.
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I do not recommend believing analysts' forecasts from Mass Media, as they can make statements in favor of certain financial structures, organizations and make custom forecasts of those who benefit from the collapse of prices in the crypto market. Moreover, the forecast "Bloomberg" is based only on assumptions.
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In my opinion, someone really wants the Bitcoin rate to fall, because I disagree with the analyst forecast from Bloomberg. The number of ATM Bitcoin is growing, now their number is more than 4 thousand, the number of places where they accept cryptocurrency is increasing, new projects based on the use of cryptocurrency are emerging.
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Today we are testing again the principal support.
BCH fork should affect this if the war starts really.
So I wish price resists potential attacks that could affect really ecosystem.
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Some analysts from Bloomberg Intelligence (BI) anticipate that Bitcoin (BTC) will "fall further," as reported by Bloomberg. Various crypto sector pundits have already started calling this the cryptocurrency winter.
“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.
A Вeep Вitch for Bitcoin
Travis Kling, a hedge fund founder, was quoted saying that he "didn't sleep very well" due to the high disorder in wider digital currency markets because of the recent Bitcoin Cash (BCH) hard fork, which coinidol recently reported.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
Crypto Bear Market Effect
Mike McGlone, a BI analyst, also said that the recent market crash was sparked by the pump for the BCH hard fork. He elaborated:
“Pump that started a few weeks ago, got the market a bit too offsides with speculative longs playing for the good old days. But this is an enduring bear market.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-will-drop-further-to-1500/
(https://coinidol.com/upload/resize_cache/iblock/11b/900_900_1/11b35e86ded7f09083d7717dfc0949f5.png)
Friend, so many of these forecast has not translated into reality, and if you have been following crypto predictions or forecast, you may agree with me that they have been failing, and i think that this one will not come to pass. Crypto has been very difficult to predict or forecast in recent time and it obvious that any such predictions shouldn't be taken very serious in my opinion. Thank you
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I do not believe in this predictions because, clearly Bitcoin price is unpredictable.
That was how some analysts predicted that Bitcoin will hit 30,000$ by this time, unfortunately, Bitcoin is )ess than $5k as I type this.
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There is no reason to believe such predictions. Bitcoin may fall a little more, but not to $ 1,500. No one can predict the price of bitcoin. At the beginning of this year, all these analysts and cryptocurrency experts stated that by the end of this year, Bitcoin will have a price of several tens of thousands of dollars. Now they claim the opposite, when Bitcoin began to fall. Bitcoin will rise in price and they will change their mind again.
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That would be sad if prediction come true. All we need is to monitor the flow of trading and have a strategy so that your profit investment will not loss.
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It is still just a prediction that cannot be ascertained with certainty, even though the market is in very bad condition but I do not believe bitcoin falls at the price of $ 1,500. I believe bitcoin can still grow and increase its value again, and I still hold patiently.
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This market is unpredictable as it change its mood anytime but experts are believing that this bear trend is still not over and this drop with go further but it is not sure that it will go to 1500$. Even some experts predict that it will touch 25000 to 30000$ in next one year, so no one knows which comes first.
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We don't know because it is not too hard to reach that lowest price before there will have bull run. Possible that before the end of this month $1.5k will happen then the start up of bull. Maybe I am just dreaming.
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At this time every negative news can not be thrown away just as a spam because the market is trading low and it seems that anything can happen now ,this prediction can also not be ignored .
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This is just one of those analyst that are currently making predictions based on the flow of the market, what they are really doing is really stirring up the market more with additional FUD. They may look right with what they are saying as the market is really declining bad, and the sad thing about this is some news sources are making this the top of their headlines as they know these kinds of news are the ones generating the most views for their website, the more views they have the more income they will get from traffic.
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I think “Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.
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It won't reach this please
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I neither agree with or believe in this so called analyst prediction of bitcoin price falling to $1,500. Seems to me that someone or some persons are really interested in the fall of the bit coin price so as to make a profit.
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Well it may, but if the price did not drop down to that low price of $1,500 between now and February 2019, it may not go that low again, as it will go higher from there.
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This is just one of those analyst that are currently making predictions based on the flow of the market, stirring up the market more with additional FUD.
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I do not think that the price of Bitcoin will fall so low to $ 1500. It is possible that the fall will reach $ 3500 if the big players and positive news do not appear on the crypto market.
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I don't care about the price of Bitcoin for now, because I have saved Fiat when the price of Bitcoin is at a price of 10,000 USD.
If it's true Bitcoin goes down to 1500 - 500 USD then I will buy it around 20 Bitcoin.
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no one can predict the future from bitcoin
some1 said it will rise to 50k usd then now down and almost hit 3500 usd
so i think it just temporary until the price will back to normal
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and again, bad news always comes continuously. I think by looking at this there will be more panic in the market. let's see what will happen next.
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From this topic, I know everybody can give his or her own analysis, but I don't think so yet, maybe we should assume it will drop to $2,500.
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I neither agree with or believe in this so called analyst prediction of bitcoin price falling to $1,500. Seems to me that someone or some persons are really interested in the fall of the bit coin price so as to make a profit.
Exactly, There are people behind this fall because these group of people wanted to buy Bitcoin at a much lower price
and the only thing to do this and yet the most effective thing to make the price of Bitcoin fall is to spread some news
with negative impact to the cryptocurrency community and also to spread some FUD that will surely shake the crypto
world.
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That prediction seems a little extreme to me, but then again, everything is possible.
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I don't care about the price of Bitcoin for now, because I have saved Fiat when the price of Bitcoin is at a price of 10,000 USD.
If it's true Bitcoin goes down to 1500 - 500 USD then I will buy it around 20 Bitcoin.
Are you right you will buy 20 Bitcoin when the price reaches 500 USD?
Amazing and that is very difficult to accept by reason. LOL
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As much as I respect the analysis , I still don't believe that Bitcoin will go below $4kprice that it's already on.
I m not saying it's impossible though.
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I don't believe in Bloomberg's analysts. They just made the prediction from weak rationale. $1,500 is very low rate, I never think the bitcoin price will go down below $2,000.
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Maybe I should be more patient with this because Bitcoin makes everyone confused.
The new investor comes at a price of 19,800 USD, for now it's definitely losing the price of Bitcoin, LOL
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As much as I respect the analysis , I still don't believe that Bitcoin will go below $4kprice that it's already on.
I m not saying it's impossible though.
It already dropped to $3,700+ dollars yesterday but now it climbs back to $3,900+ dollars and I think that it
looks like it is going down again to be able to reach its bottom price.
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It's important to be able to distinguish between crypto perma bulls and permaberas. While some people are constantly wrong with their bullish predictions (McAfee, CNBC) some are overdoing it with being bearish. This analyst certainly falls into the latter group. Also, he didn't do any TA to make this prediction. Why 1500 if there's a large support at 1900 (Bitstamp chart), and nothing significant at 1500?
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the BCH hardfork did carve a new price for crypto and it proved that prices fell very deep to reach $ 3800 on BTC and this affected many altcoins, I think prices will recover longer but I still hope crypto can give us the same benefits they can
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A technical analysis chart for sharing
(https://www.tradingview.com/x/wnHbFzxy/)