Novogratz making predictions again hehehe

[BitHodler]

It is making those defining statements such as the bear market is over for a very long time now, that has made our gurus fall into traps of their own making. Once in a trap, they retract and change their predictions hehehe.

People are so used to all these failed predictions that they don't seem to care anymore. They are out to gain publicity ones in a while, so they'll come up with something just to make sure people still know they are in the game.

These guys behave exactly like internet celebrities who feel the urge to constantly show their face, where in this case entities as Novogratz have their own economical incentives to fuel as well.

Overall, some of them actually contribute to more legacy adoption, and Novogratz fits in that category. He's heavily invested and has all the incentive he needs to convince institutions and whatnot to join the party.

If Novogratz isn't doing it, who will?

[bbc.reporter]

That's why nobody trusts the crypto "gurus" like Novogratz.
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.

he wants to win reputation, if he hits his forecasts then he earns a reputation and if he misses his predictions then it's okay because no one will care much. Search Google for "Mike Novogratz"

https://www.google.co.mz/search?q=Mike+Novogratz&oq=Mike+Novogratz&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

and see how his prediction is echoing all news channels

Novogratz had famously predicted Bitcoin reaching $40,000 before the end of 2018...

we are in November and the price is $ 6500.

https://coinmarketcap.com/currencies/bitcoin

I ask myself: he make this prediction based on what?

Based on what the market is doing at the present. He changes his predictions when the sentiment changes hehe.

Wait for his next prediction on June 2019 if the market is not doing anything. I predict that he will predict that bitcoin will not make another all time high anytime before 2020 hehehe.

[pooya87]

~
Based on what the market is doing at the present. He changes his predictions when the sentiment changes hehe.

Wait for his next prediction on June 2019 if the market is not doing anything. I predict that he will predict that bitcoin will not make another all time high anytime before 2020 hehehe.

this may sound weird but it seems like everyone who has made  the "news" has been doing the same thing for a long time. they go with the flow... saying bitcoin is going to $40k when it was headed for $20k or even after the correction started and price was still $15k or so is understandable but as we moved past that, it became clear that a new ATH is being postponed. but some people are on a constant hype up mission. and the news sites love this because they always have a news clickbait to publish during small rises

[justspare]

in fact being bearish now is dumber than being bullish! the bear market has been over for a very long time now and anybody who is bearish is only late to the party...
for now we are in a new trend called "transition". it may not be as glamorous as bull and bear but it is a thing.

In fact, anyone who is bearish at this point is actually so dumb than I can imagine, considering the market has been low on its own for a while and the possibility of us reaching the bottom is there already. Tom Lee once said that, there is actually no way you should be bearish when the market is already bearish, this is a time you should be bullish and then accumulating for the long run.

Apparently, that is how Novogratz is seeing things now and just like his other permabull friends, all I will say is that they should know better that prediction is rubbish when it comes to a market as bullish as they can ever get, trend still remains the boss.

[RadekG]

There are too many predictions about the price of bitcoin around. I'm also very tired from Novogratz predictions. You need to learn how to understand our market reality

[fabiorem]

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?

Of course there was. I saw his own institutional trust making a red candle by the end of October 2017. It was right after he said in the media that he was going to dump some coins.

[fullhdpixel]

Just let him be the laughing stock of today's markets together with John McAfee--though McAfee rarely speaks about his stance on bitcoin and make crazy predictions nowadays. Anyway, Novogratz is a fine example of an 'expert' that often fails on his models and predictions, and that's why the newbies shouldn't blindly trust anyone even if the personality is somewhat well known since this is money that we're talking about. Making bold guesstimates with a model that haven't proved anything within a few months will really make you the clown of the market.

At least he's a permabull and consistent with his beliefs, though.

That is the thing, because I do not see a way they will not keep failing over and over on their predictions, because these are predictions and they should know better before even calling themselves expert that a market is always going to be unpredictable.

Most times I believe babies should be the ones speculating and not those who have been in the market for a very long time, but what can we do anyway? I guess like bbc reporter said, to him, it is more like a no retreat no surrender thing, the market comes in a way contrary to the first opinion, I give it back in a new way. So crazy! Hehehehe

[bbc.reporter]

in fact being bearish now is dumber than being bullish! the bear market has been over for a very long time now and anybody who is bearish is only late to the party...
for now we are in a new trend called "transition". it may not be as glamorous as bull and bear but it is a thing.

In fact, anyone who is bearish at this point is actually so dumb than I can imagine, considering the market has been low on its own for a while and the possibility of us reaching the bottom is there already. Tom Lee once said that, there is actually no way you should be bearish when the market is already bearish, this is a time you should be bullish and then accumulating for the long run.

Apparently, that is how Novogratz is seeing things now and just like his other permabull friends, all I will say is that they should know better that prediction is rubbish when it comes to a market as bullish as they can ever get, trend still remains the boss.

I reckon your 1st paragraph and your 2nd paragraph are in opposition versus each other. You made a defining statement in the 1st one and then continued to say in the 2nd one that people making defining statements should know better hehehe.

[Vishnu.Reang]

I am surprised that people are seriously taking this clown once more. He is always underestimating the volatility of Bitcoin. As we have seen in the past, Bitcoin can easily go up by 400% in a matter of 2-3 months.

[audaciousbeing]

Just like I have always maintained, most of this predicters are celebrity analysts who only want to be in the news for airing their views as doing that would ensure that they are counted among the popular faces in the crypto community whereas its just fables. I have not seen the head of say Goldman or Bank of America coming out to say this price of its shares would attain a particular dollars in the next quarter as that would be violating the rules of the market that they operate and could be sanctioned for even attempting to manipulate the market and being vocal about it to the entire world. But in crypto, everything goes, no caution, no ethics, no conducts.

My condolence goes to the people who sees them as their determinant of their investment decisions because at the end you will be the one to lose eventually as nothing touches their own investments.

[1Referee]

I am surprised that people are seriously taking this clown once more. He is always underestimating the volatility of Bitcoin.

That's what I thought as well, initially, but it may very well be that he's pushing an agenda rather than providing you with useful information. Don't forget that he and a few affiliated parties own hundreds of millions worth of crypto. They have enough financial resources to shake up the market if they want, but they rather choose to walk a different path.

I'm more inclided to say that if he tells you to go right, go left. In other words, do the opposite of what he and others with similar interests and incentives want you to believe.

The Tom Lee's of this world are the real clowns. They have nothing but a few data metrics to focus on. They don't put their money where their mouth is.

[BrewMaster]

@BrewMaster. It is making those defining statements such as the bear market is over for a very long time now, that has made our gurus fall into traps of their own making. Once in a trap, they retract and change their predictions hehehe.

nah, the "gurus" don't become successful by falling into a trap and being emotional about it. they become what they are today by making good decisions while showing a different face to the public! for example they tell others to sell while they are buying, and they tell others to buy while they are selling!
or in this case tell others to buy because his company is failing and has lost a couple of hundred million dollars.

[magneto]

Novogratz recently had a moment of bearish sentiment, suggesting that Bitcoin wouldn’t break $9,000 before the end of the year, and was targeting the second quarter of 2019 when Bitcoin could break $10,000.

However, the negative sentiment appears to have passed, and he’s now suggesting that break of important psychological resistance at $10,000 will occur during the first quarter of 2019 – a break he expects to start the next bull run, potentially beating previous highs.

“By the end of the first quarter we will take out $10,000 and after that we will go back to new highs — to $20,000 or more,” Novogratz speculated.

Novogratz had famously predicted Bitcoin reaching $40,000 before the end of 2018, double its previous all-time high of nearly $20,000 it reached back in December 2017. Novogratz later changed his tune due to the severity of the continued downtrend keeping cryptocurrency prices at bay.

How many changes of tunes does he need in order to get the right prediction?

I guess everyone simply rushes to the good news whenever a prediction becomes correct, but what they ignore is that the predictions which these self proclaimed experts make are constantly shifting, and old ones essentially become void and gets never talked about again.

This is exactly what is happening with Novogratz. He knows that he was wrong about the super bullish $40k prediction, and shifted his stance to bearishness, then reshifted again. That's why I absolutely never listen to these people, they don't even use TA in most instances and even if they do, it's worthless pieces of information. Everyone has their own agendas and their own storyline or narrative to tell.

Anyhow, I don't think it's very likely that we'll see the bull run happen this quickly, I believe that the majority of next year will still be quite sluggish.

[BaraxLo]

Honestly, we just expect too much from a financial dude. I understand its his job to guess these things and stand behind them because he is not a regular citizen going to his job and checking bitcoin at the side but aren't we all changing our feeling towards bitcoin each day. I believed bitcoin shouldn't have gone to 20k at the time and sold all my coins thinking that can't be sustained but also bought Nano and some other coins thinking the bitcoin unsustainable prices would drop to other smaller coins, that didn't happen.

During the bear marketing following that I believed prices would soar once again soon when everyone takes their profits out, that didn't happen. I can tell you many times when my feeling towards the price changed but the results are the same, novogratz is a human, his feelings may change about the price too.

[somac.]

Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?

Novogratz is a rich man, you are not. Laugh if you like, but, you are far more of a joke than he is.

[okala]

Institutional investors is not really what we need now but public adoptions.  Really in 2017 we were able to see bitcoin making the kind of bullish run through individuals investments.  Institutional investors are full of manipulation and if they come into cryptocurrencies we have to becareful as they major aim is to manipulate the market and have control over it.

[Slow death]

Based on what the market is doing at the present. He changes his predictions when the sentiment changes hehe.

He already made many predictions.

Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019.

author=https://cointelegraph.com/news/after-taking-out-6-800-bitcoin-will-hit-new-highs-in-2019-says-galaxy-digitals-novogratzThat rush to invest should see Bitcoin “take out $10,000” by the end of Q1, from there continuing to break December 2017’s all-time highs and head to “$20,000 or more.”

Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900.

we are near the end of the year, I want to see what his justification is if the year ends without reaching more than $ 7000

Wait for his next prediction on June 2019 if the market is not doing anything. I predict that he will predict that bitcoin will not make another all time high anytime before 2020 hehehe.

 

we will see him soon

Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?

Novogratz is a rich man, you are not. Laugh if you like, but, you are far more of a joke than he is.

So because is he rich, is he right in his price prediction? look at the history of predictions made by him and tell me how many times he hit the price prediction? the case here is not whether he is rich or not, we are questioning his abilities to predict the price

[bbc.reporter]

Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?

Novogratz is a rich man, you are not. Laugh if you like, but, you are far more of a joke than he is.

You are right. I am no one but a dirty forum cave troll. However, I cannot wait for that rich man to change his prediction again after black wednesday and share it in the forum so my fellow forum cave trolls will laugh at him again heheheee.