Here are some commentaries making todays headlines after the crash in bitcoin prices.
Bitcoin advice in the crash
- Boris Schlossberg
On 27 May 2017 he was featured in the magazine altcointoday.com under the heading “Bitcoin is a Hedge Play Moving Forward, According to Investment Advisor”. They said that Schlossberg is one of several investment advisors and investors who is bullish on bitcoin. He called it the “New gold”. Link
On 23 December 2017 he was featured on CNBC.com under the heading “Bitcoin buyer beware: The crypto carnage could continue, says a real currency strategist”. He said the volatility could continue over the coming week and he wouldn't step in here to buy. He sees $10’000 as the floor. Link
- Ross Norman
On 26th September 2017 the Indepndant wote that gold dealer, Sharps Pixley, is now accepting bitcoin. “Many investors in Bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold; and be able to switch across in a simple and cost effective way,” said Sharps Pixley chief executive Ross Norman. “That avenue is now open to them.” Link
On 23rd December, Fortune reorted him as saying “Bitcoin’s been heavily driven by retail investors, but there’ll be some aggressive funds looking for the right opportunity to hammer this thing lower.” Link
William F Galvin, Massachusetts Secretary of State.
On 14th December 2017 as the bitcoin price looked like it would pass through $20’000 he issued this warning: “Bitcoin is just the latest in a history of speculative bubbles that most often burst, leaving the average investors with a worthless product,” LinkTom Lee
On 7th July 2017 when the bitcoin price was $2450, CNBC reported Fundstrat’s Tom Lee as saying it could get to $55’000 by 2022. Lee expects investors could look at bitcoin as a substitute for gold, and his model puts the value of bitcoin in five years in a potential range of $12,000 to $55,000 by 2022. Link
On 23rd December 2017, CNBC reported that he sees the crash as a buying opportunity with 35% upside from here. “Fundstrat co-founder Tom Lee increases his mid-2018 price target on bitcoin to $20,000”. Link
It is a somewhat frustrating situation, after having seen the BTC at $ 19,974 now back to $ 13,187 and not having been able to do anything to avoid it, I have not changed a part to USDT either. Rays ...! we will have to take it easy and understand that it is normal. It is part of the market.
Bitcoin is having a rest now. It will take some time. You don’t know when it will awake. Investors are crying, because they want it higher every day. Yet when I told them in July that we will see $10’000 by year end, they laughed and said they would be happy with $4000. Many sold at $4800 and thought they were heroes for a day.
It’s like my baby asleep. I don’t know when he will awake. It does not matter. One day he will be taller. No more tears from my baby then.
if many did not believe in that projection. Now many are crying for having sold. We hope that the market continues to fluctuate, but I recommend that you study BTH can give us a surprise. this new year
I think that these fluctuations that the btc has had can be good, when it is on the rise to sell when it is low to buy, each forecast of the people described above are valid, and you as a student of the subject in depth can make a good calculation in summary of all the forecasts about the BTC, Greetings friend, keep it up. !
in my opinion It’s the perfect time to buy , not panic.What goes up, must come down . The whole market crashed after rising for the past two weeks so this is normal for it
I absolutely agree with all of them. 👍 After the accident, in my opinion it was like these comments in general. And bitcoin will settle my life a lot more. The world will now invest in bitcoin instead of precious stones. @swissclive How are you feeling??
Thank you for the information . very good news.can I translate to language indonesia?
Go ahead and translate it
that's good news
But
the e-currency market has entered large whales that have billions of dollars. These whales play in the market
For example, they buy currencies with their huge money
after that a big rise in the currency,
We, as investors, buy these currencies, believing they will explode more
Whales withdraw their money after making big profits
There is a significant drop in the currency and losses for us as investors
As happened on the previous Friday
@swissclive
Nice info @swissclive crash in bitcoin price shattered the hearts of bitcoin holders. On the other hand fallen price of bit coin gave opportunity to investor who did not invest in bit coins. May be a christmas gift for them. All the best to every one
this is a New Year's sale, the whole sector of the crypto currency is down, because people are going on holidays and do not want to worry about profits.
soon the growth will resume, so now an excellent opportunity to buy bitcoin, as well as some alcoins at a low price. And if you have already bought, then just wait and next year will see a profit.
Thank you an interesting selection of comments, a good day
Bitcoin and cryptos are beyond the prediction of humans, 😀👍 By the way nice post!!
@swissclive Thanks for the update on the latest trends