Bitcoin Forum

Goldman Sachs: Bitcoin Will Plunge Again Before Surging To $4,000

Breaking news thread subject lines should always be post in the uppercase format such as [BREAKING NEWS]:

It makes it easier for others to read the day's most pertinent news headlines.

Please rededit your subject line.

can we get rid of the breaking news thing altogether? it's kind of annoying. it's either news, or not news. news by definition is, uh, new, so breaking is unnecessary.

and what do goldman sachs know about the bitcoin market? if bitcoin survives of course it'll be $4000 some day. and of course it's gonna plunge too. that's what it does.

I guess this is almost impossible to happened today i can see the bitcoin is really having a hardtime dumping than pumping but still i can see some potential to increase its price in the future but maybe not to much like 4000$ but really news cant predict anything in cryptocurrency just another lie i guess.

If this is a breaking news and it's all about Bitcoin then thread starter should post the source of the links,but this is old news to me and this kind of news has been going on since the creation of Bitcoin, price increase and Bitcoin news of demise are old news that keeps on popping.

Yeah the bitcoin is obviously struggling in its price today I guess it will stay in its great but it will be great if its increase it price up to 4000$ today that would be great if that happened but I guess just need to keep holding on in bitcoin there will always be I good pump in the coming years.

If you do not panic and keep their coins the price may be more. Everyone should know that when selling your coins you contribute to falling prices. It is not in your best interest. Therefore, the patience of users crypto currency will be converted in income from rising prices.

If Goldman Sachs guesses were worth something they'd keep the information to themselves and earn billions. Bitcoin will go up but providing a target is dumb

Holding your tokens does not generate profit and this is not making me feel comfortable. I don't why but I don't like it when my coins sits.

For Goldman Sachs, they have nothing to do with bitcoin price.

Everything is breaking news with people here... I don't think Goldman Sachs has more knowledges about Bitcoin than a lot of people. So in my opinion they have no influence and what they are thinking doesn't matter much, and surely doesn't mean they are right (or wrong) it's just a random opinion like may others

Yet another Breaking news clickbait title. These are starting to become hilarious. Every time I see [BREAKING NEWS], I click just to see what it is. So I guess those titles do work. lmao!

Funny how breaking news is taken for granted nowadays. It is more like a spam news to me. Every other thread here is saying almost the same thing, the only difference is the price.

Is he the same guy who breaking news satoshi is dead or is it another person?

Bitcoin could rise another 10% or another 1000% or fall another 50%. Its nice to see mainstream take an interest but I wouldn't trust the word of goldman sachs much more than that of a random stranger on bitcointalk.

Personally I think $5000, a doubling is in the cards around August/September once Segwit is activated.

Golden Sachs they are yet even active, who even listens to them anymore, it's been quiet a while since I last heard their name. I think they are riding on the popularity of Bitcoins. 50% is bit to much. I don't see any reason for it to rise to rise so much. I feel 5 - 20% rise if any is max what it can go up to. As there is no news is coming that makes it rise. So wait and watch.

It will but not today or next week I think, August 1 is coming and with that event investors and traders are playing safe with their moves so the boosts of Bitcoin's value is quite around $2.3k to $2.6k.

They are just generalizing it though cointelegraphs.com already said that many market analyzer think that Bitcoin could reach $1m per, so it is obvusely reach $4k soon and that is not a breaking news for me.

Source: http://www.cnbc.com/2017/07/03/goldman-sachs-says-bitcoin-could-rise-another-50-percent.html

So yeah, this is pretty legit news.

I'm not sure how they got the figure of $3,915. All they said was that their chart analyst said so. They also said though that bitcoin will plunge first, i guess this is possible if the fork happens to go wrong, but imo we won't see any major dumps, at least none that will drive the price down below $2000 level.

Its funny though, because this is the same bank that caused a lot of damage during the 2008 financial crisis, and now they're covering positive bitcoin news. Maybe central bankers are getting a bit nervous up there?

the worst part about speculations like these is that they are based on price, charts and technical analysis. but they never consider the "news" and all the rest of the events that are going on with bitcoin. for example we have all seen an exchange hack (bitfinex last year) can cause a drop, a dumb FUD about chain split (the $1250 to $900 dip) can also cause a dip. and we all know that news like activation of SegWit will shoot the price up.
and that is why we usually say you can't really predict bitcoin price unless it is in long term.

No link?
Yeah that is breaking. Breaking my heart. At least prove it with a little effort.

Its a good news then if bitcoin will go higher again, But how about the other altcoins like ETH, LTC, DASH, ZEC, XMR etc.. I wonder if this altcoins will go up too.

I think it the same happen to all altcoin if bitcoin go higher again so the other altcoin will follow, and also with the transaction fee will rise again.

I really don't think that bitcoin is their area of expertise.

Though I do think that the plunge they are talking about is going to happen. Probably just before the soft fork is activated at 1st August, because there will be a lot of people panicking and not being able to hold onto their coins and tempted to sell them.

They have released no proof of their analysis, it could be possible that they are holding bitcoin right now and trying to get a quick buck or two out of it by releasing some sort of encouraging information for bitcoin investors to buy into. I'd be much more believing if they just showed evidence of research on bitcoin charts instead of mentioning someone's name whom no one has known before this.

See I'm fine with people posting Breaking News when we have truthful news that's hitting Bitcoin and the people should know, but when you're simply just making stuff up to be able to scare people (volatility), try to get more people to buy bitcoin, or whatever you're trying to be doing here it's just harmful for the community as a whole. Cause you're starting a trend that others are going to follow to get more views, then everything on here is going to say BREAKING NEWS.

Cut this shit, this is dumb as fuck.

Goldman is THE biggest and most opportunistic player in the banking and finance and NEVER EVER will tell you the truth - it's all about tactics and hard to discover what they are really about.

if you google bitcoin every day you can see these so called "breaking news" that these guys post every day :)
and for finding anything specific like this just google what they post in their title, it is a copy paste of the news article title most of the times.
here is for the lazy: https://finance.yahoo.com/m/d45c1927-5c5e-3f0d-9c99-b31863a104b1/ss_goldman-sachs%3A-bitcoin-will.html

GS bowed to pressure when they finally introduced Bitcoin in their reporting. They were surprisingly spot on with their first recommendation of buying at a below 2,300 dip which few others expected. Still not buying any expert opinion on crypto yet, though. The 50% rise is really a matter of when, not if.

@Minecache

You are defining the forum rules now?

@OP
More important than the uppercase crap is the absence of any source in form of a http link. Btw: check my sig

edit: To help OP: http://www.businessinsider.de/bitcoin-price-goldman-sachs-2017-7?r=US&IR=T (just copy paste)

Basically this, this is not their area of expertise, so to be honest their guesses are as good as anyone else at best, if they wanted they could easily make the price pump as much by just investing some money in bitcoin, I’m sure they have the pockets to make that a self fulfilling prophecy.

i still don't put much value in the articles i read online about bitcoin price. it doesn't matter who writes them. and it doesn't matter if i am agreeing with it or not.

so far all the things that i have seen is mostly biased articles where people try to benefit from if someone follows it. and sometimes i see articles written by very misinformed people not knowing much about this market and trying too hard just to post an article

Uh, now i don't think that neither of the predictions is accurate.

1. Bitcoin isn't going to plunge. The worst that is going to happen is bitcoin dropping to $2200+, which is only like a 10% drop. I wouldn't really call that a plunge in bitcoin terms.
2. $4000 is ridiculous. I'm a firm bitcoin believer for the long term and $4000 could be achieved with ease with the next halving. But right now, i think that we're going to either go into bear mode for a while, or just stabilize at $2500. maybe we'll go back up to $3000, and the bullishness of the market will depend greatly on whether or not that barrier gets broken. But $4000 seems like a bit of a stretch.

goldman and sachs btw? i thought they hated btc?

Do they rent the crystal ball to everyone or just the Goldman Sachs's of the world? It does not mean if your predictions has been correct before, that all your future predictions will also be correct. Bitcoin has proven time and time again that they can fool even the biggest critic and pessimist. We will just do what we normally do, which is Hodl your coins for the big "Moon" price, when this thing goes ballistic. ^smile^ 

it seems like that this article was written as a way to make others buy into bitcoin, so that they can make profit themselves on existing bitocin they have bought. This is one of teh most traditional ways of corporations using media to their own advantage.

I personally think that however they got the data - $4000 isn't impossible at all. It' sjust improbable when bitcoin is probably going to get forked into 2 and they run simultaneously that bitcoin will almost double in price again.

But whatever their intentions were - goldman sachs are probably one of theh biggest investment banks in the world and has a huge influence over the financial markets, and they are clearly showing interest in bitcoin.

i don't get why this is an important enough news to call it "breaking".
it is the same story all over again. price started rising again and went above $2600 and now everyone is changing position and saying it will rise. and after it comes down they again change position and say it will die.

although this is an interesting approach to say it will drop then rise :D
it covers both possibilities.

The thread owner should atleast post the link for the  breaking news !
Said that, it's not a big news, known the volatility that bitcoin has, it can rise another 100% also, or can go down another 50% ! Until then, let's keep gathering bitcoins ! ;D

https://finance.yahoo.com/m/d45c1927-5c5e-3f0d-9c99-b31863a104b1/ss_goldman-sachs%3A-bitcoin-will.html

at your service

The same guy was saying something different three weeks ago : http://uk.businessinsider.com/bitcoin-price-goldman-sachs-2017-6?r=US&IR=T

He looks at charts and does short term analysis, in my opinion.

This might be a piece of news report released that are hoping to cause a big price surge in bitcoins after 1st august, maybe the analyst of Goldman Sachs is predicting about what could happen to bitcoin price before and after 1st august, there might be a lot of users panic selling away their bitcoins before 1st august and bitcoin price might really plunge a lot, but how much could bitcoin price recovers after 1st august is really difficult to predict.

Is Goldman Sachs really good in predicting the future value of anything? Well, it is always good to hear positive speculations on the value of Bitcoin. I am not so sure but news like this may have some self-fulfilling effect on the market. Actually, this is not the first time we hear of such a prediction and there would be more in the coming days. I am wondering if there can be correlation between speculative news and the volatility experienced by Bitcoin.

Bitcoin is really unpredictable, no body can guess the price tomorrow/ in the future. Before touch 2,000$, in the past nobody can predict it will pass 600$, this is just different thing from another currency, IMO as newbie btc not like the other currecny, the graph really hard to understand, the transactions almost impossible to trace, the fee always rising because the block, there is lot of reasons why we can't predict the future of this currency.

Sorry this is jusy my perspective as a newbie, maybe the experienced one will have different opinion and fact ;D

Even there is someone said that or no, i still believe that bitcoin will become more expensive soon because the development of bitcoin is continue in progress and i think after a few months we can see 50% up to 100% growth in bitcoin which is not bad for an investor who just invested in bitcoin this month or a few months ago.

Bitcoin will move up and down without Goldman Sachs opinion.
Since when are these guys Bitcoin experts by the way?! :D
I'm bullish on Bitcoin without giving a damn what GS has to say or not.
Never ever listen to or take advice by a bank is my device.

A $4,000 Bitcoin by the end of August is almost guaranteed in my opinion - I am actually thinking $4,500 - $5,000 everyone is just waiting to see if Bitcoin will fork or not and if the technology has improved. 

If that is an accurate assumption then it is great,people will be able to purchase more coins when there is a dip and i am sure that we will recover pretty fast even if there is a massive dip,as seen in the past few months,things are moving like that,so i am waiting for the so called dip to invest more in bitcoin.  :)

Goldman Sachs even though a reputable firm in the finance industry but I don't see them as an authority to speak in this case so far they have not come out boldly to support bitcoin rather do they invest funds in bitcoin. Whatever they say is their opinion which what will happened to the price of bitcoin is largely determined by the active participants and not some models in Wall Street.

If people, who don't understand how SegWit works won't panic and dump everything before the upgrade. I'm already reading threads like "should I be scared?", "Should I sell before August?","are my coins safe?"
I hope we'll see at least $3000 broken by the end of the year. If that happens we should have an open way to $4000, but I doubt 4k is going to happen this year.

Maybe you're right because the hype that is around Bitcoin is getting larger. If Bitcoin gets up to that price then there will be a bunch of people talking about Bitcoin.

Most of the bitcoin exchange site already published the statement about the activates of segwit. The big bomb will have happened if the bitcoin will be successful to drive the fork. The more people will be in hype easy to use bitcoin as a microtransaction. A lot of people already understand what is segwit. Just another amateurs try to make a panic thread before tried to read about the segwit itself. $3000 looks so difficult in this year.

We still don't know how the segwit will work so there are no guarantee that bitcoin is going to rise until 4000$, in my opinion the rising will not that fast consider that some of the investor who are not sure about bitcoin future will invest in ETH or litecoin, so because of this issue there are already people invest in other coin so in order for bitcoin to rise high we will need them back to invest in bitcoin

That is just assumption from one side. The future of bitcoin is unpredictable.I have read a lot of topics like this, they talk about the price and the fall of bitcoin in the future.I think btcoin can add more, not stop at that level.

This show us the changing nature of bitcoin and how that affects people and their predictions, one day everything is perfect and bitcoin is supposed to reach 10000 then the next week something happens and  lots of users in the forum begin to state that bitcoin is going to crash and that is useless.

I've also read an article earlier that it can raise up to $5000  :o :o
Link:
http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html (http://www.cnbc.com/2017/07/05/bitcoin-could-nearly-double-and-reach-5000-soon-says-standpoint-research.html)

This is great news. It also isn't anything we already didn't know. Bitcoin price has a pattern of rising exponentially, followed by long downturns, then rising again multiple times higher than the previous one, then another downturn.

Therefore, I would not be surprised if this happens. The only thing is I believe it will go closer to $10,000 as opposed to just $4,000 - in my opinion that is far too low.

It's up to us whether we believe in such predictions and this can serve as a guide to our decisions on buying and selling. Looks like there will be a storm or a big pullback before we head towards better days. That $4000 is impossible but I hope it doesn't surge too quick too soon, only to lose most of the gains again.

Source, please?

You can check this article http://www.businessinsider.com/bitcoin-price-goldman-sachs-2017-7 I also see this when I was searching for the news Hope this will help to you. I believe this is a great news for everyone Hope it will happen by the end of August or this year, but theres no one will know what will happen to segwit when it upgrade but i have a positive thinking on Bitcoin
Thats why I will continue to Hold my Bitcoin

If an anti-Bitcoin cartel such as the Goldman sucks can say like this, then we can be sure that the future potential of Bitcoin is great. I am waiting for August 1. If everything goes as per the plan, then we may touch $5,000 per coin very shortly.

Thank you! At first I thought it was old news. I'm also on the positive side. Let's wait.

In this case, the news predicted the future, don't see though where it dropped 50% before reaching new heights of 4000$

We are all keeping our fingers crossed hoping for this to materialize into reality. It's great to hear this kind of news from credible sources . I'm likewise optimistic that Bitcoin is going to grow even bigger in the near future.