Goldman Sachs says bitcoin may rise about $500 more, before losing half its value

https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html

Thoughts?


Comments


[71 Points] None:

Reminds me of the office “I can either give you $50 now or you give me $100 and 5 weeks from now I give you $5000.... he said he has an algorithm... don’t tell Jim”

How does this guy know it’s going to reach a high. We don’t know what the price market can get to. I think it’s some guy trying to get a story out there, when really he doesn’t have a clue how bitcoin is going to go up down or sideways in the long run.


[38 Points] KnowsAboutShrooms:

The problem here is that these financial guys are hell bent on calling Bitcoin a stock. It's not that.


[8 Points] GarethCutestory:

The stock market follows anything they publish like sheeple. They are making a play here.


[7 Points] SA0S1N:

for all we know it was Goldman sachs who inflated the price to it's current ridiculous levels.


[4 Points] Blow-that-Doge:

LULZ.... CNBC also just said to add Monero to your portfolio.. said its good for the likes of Goldman Sachs and JP Morgan since its anonymous hahah ... crazy times... https://twitter.com/CNBCFastMoney/status/897945479224446977


[3 Points] DNrick_sanchez:

people will take profit at certain levels, if youve been involved with bitcoin for 5+ years like most of us, you see this as a natural occurence in btcland, i for one welcome a nice buying opportunity


[2 Points] kokomjolk:

Bitcoin is being pumped by goldman sachs. It's time to sell BTC and buy Bitcoin Cash.


[1 Points] daisydooks:

Dis laidy's ben wright on her last too predictions.


[1 Points] LukeJ67:

these cunts have got no idea


[1 Points] SuckMyFist:

This made me wonder:

Was Nostradamus also Jewish?

You can bet your goyishe foreskin he was, and his father practiced the ultimate Jewish profession: usurer.

Born on either 14 or 21 December 1503[citation needed] in Saint-Rémy-de-Provence, Provence, France, where his claimed birthplace still exists, Michel de Nostredame was one of at least nine children of notary Jaume (or Jacques) de Nostredame and Reynière, granddaughter of Pierre de Saint-Rémy who worked as a physician in Saint-Rémy. Jaume's family had originally been Jewish, but his father, Cresquas, a grain and money dealer based in Avignon, had converted to Catholicism around 1459-60, taking the Christian name "Pierre" and the surname "Nostredame" (Our Lady), the saint on whose day his conversion was solemnised.[5]


[1 Points] Doge_Market:

Everyone thinking BTC will fall again.. It will only rise more and more in the following time. I has been hardforked recently but, against all expectations, it went skyrocketing after that happened. In the near future, improvements will be made to make BTC a better cryptocurrency. Think about lower transactionfees and faster confirmations. Those will only benefit BTC and probably make it worth a lot more than it is right now.

I don't see it halving in price anytime soon. Dropping some hundreds, sure, can happen. But halving? Thats a 2250$ drop as we look at it right now.

The old BTC is gone, it isn't going down anymore liked it used to. It's stabilized and now moderately going up.


[1 Points] None:

Usually he is right on the money. He called the last one. A correction will happen or I'm wrong and 4000$ will be around the new correction.

Plus I think Bitcoin can be a controlled market it you have the capital. Could literally control the price if you have enough money.

Using Bitcoin for purchases is still great. But investing right now is not worth it. Between fees. Your putting in 4k ish to a few hundred$ return. Not worth the risk. Now I see a bull run I'll buy. But if you're not buying more than 1 coin at a time. The fees will kill you, just not worth the return right now.


[1 Points] sharpshooter789:

I don't really trust investors opinions when it comes to crypto. The entire market is nothing like a stock market or FOREX market. There's virtually no regulations either. Consequently, I don't beleive standard analysis techniques apply here.


[1 Points] quirky4578:

They make money on volatility. Of course they're saying that.


[1 Points] None:

You tell people its gonna raise another $500 they buy now and poof like magic it goes up another $500. LOL


[1 Points] ih8scammerss:

Goldman Sachs can lick my sack. They don't know anything except what they can manipulate and legislate into being.


[-2 Points] zx88crackingforum:

This dude says $15k sometime this year. https://futurism.com/get-ready-renowned-bitcoin-trader-says-the-currency-will-hit-15000-in-2017/