Bitcoin price will drop before bouncing back : Goldman Sachs

[Dudeperfect]

This is a piece of news from VentureBeat and it says that we might face a downfall before rising back the price of the bitcoin.

"On Sunday, the banking giant sent a note seen by CNBC that said Bitcoin, now priced at $2,568 a piece, could fall as low as $1,857 before bouncing to a much higher valuation between $3,212 to $3,915. That means if an investor watches the cryptocurrency carefully and times it perfectly, they could gain as much as 110% on their initial investment. Granted, that would take quite a bit of patience, with Goldman acknowledging that “it might take time” to hit $3,915."

Goldman Sachs says Bitcoin price will drop before bouncing back.

What do you think for the next 2 months?

[nethan1btc]

This is a piece of news from VentureBeat and it says that we might face a downfall before rising back the price of the bitcoin.

"On Sunday, the banking giant sent a note seen by CNBC that said Bitcoin, now priced at $2,568 a piece, could fall as low as $1,857 before bouncing to a much higher valuation between $3,212 to $3,915. That means if an investor watches the cryptocurrency carefully and times it perfectly, they could gain as much as 110% on their initial investment. Granted, that would take quite a bit of patience, with Goldman acknowledging that “it might take time” to hit $3,915."

Goldman Sachs says Bitcoin price will drop before bouncing back.

What do you think for the next 2 months?

Actually this is not an old tale about bitcoin here, and to think of another next two months the price will fall before it bounces back of it's price in the market. I've already seing some sign of price struggles these few days passed, it's been a hard times on my observations here. There is a few price fluctuation which obviously making it so hard to rise back the price to top until $3000 which everybody always been saying, but anyways lets just wait for that and don't get so excited.

[CyberKuro]

If I know it will happen than I could buy more bitcoin. Whether investors want to cash out in order to make bitcoin price fall significantly to buy back at the dip. Great profits to get after 1-2 months later I think due to bitcoin price will rise after segwit activated (if it activated). However, it is a good chance to buy more bitcoin at cheaper price, and if it will drop until $1857 again which I doubt, then I should wait for that chance obviously.

[jjacob]

With the kind of volatility that Bitcoin has, any reasonable prediction that you make on Bitcoin will mostly be proven right. You don't have to be Goldman Sachs to predict that there will be a dip and then a boom. 

[Teraboy]

If I know it will happen than I could buy more bitcoin. Whether investors want to cash out in order to make bitcoin price fall significantly to buy back at the dip. Great profits to get after 1-2 months later I think due to bitcoin price will rise after segwit activated (if it activated). However, it is a good chance to buy more bitcoin at cheaper price, and if it will drop until $1857 again which I doubt, then I should wait for that chance obviously.

You will get your chance at the same time of the scaling solution to be activated in the future.i will be expecting the big crash for bitcoin in a short time that gives you the more opportunity to buy cheap bitcoin.
Like what was happened with ethereum at the chain gets forked.

[CoinCidental]

This is a piece of news from VentureBeat and it says that we might face a downfall before rising back the price of the bitcoin.

"On Sunday, the banking giant sent a note seen by CNBC that said Bitcoin, now priced at $2,568 a piece, could fall as low as $1,857 before bouncing to a much higher valuation between $3,212 to $3,915. That means if an investor watches the cryptocurrency carefully and times it perfectly, they could gain as much as 110% on their initial investment. Granted, that would take quite a bit of patience, with Goldman acknowledging that “it might take time” to hit $3,915."

Goldman Sachs says Bitcoin price will drop before bouncing back.

What do you think for the next 2 months?

Nobody should trust these snakes, they're obviously saying this to get people to sell their btc so Goldman/S can buy them all up cheap before  they are forced to pay us $10k if they want our bitcoins....
The problem with selling them is that they won't sell them back to you at any price so the lack of liquidity will drive the price up even faster

[CoinCidental]

This is a piece of news from VentureBeat and it says that we might face a downfall before rising back the price of the bitcoin.

"On Sunday, the banking giant sent a note seen by CNBC that said Bitcoin, now priced at $2,568 a piece, could fall as low as $1,857 before bouncing to a much higher valuation between $3,212 to $3,915. That means if an investor watches the cryptocurrency carefully and times it perfectly, they could gain as much as 110% on their initial investment. Granted, that would take quite a bit of patience, with Goldman acknowledging that “it might take time” to hit $3,915."

Goldman Sachs says Bitcoin price will drop before bouncing back.

What do you think for the next 2 months?

I hope this situation will not last for too long. Because it is causing a lot of losses for everyone. The value of reduced bitcoin has affected the value of most of the altcoins. The market is falling down, it's bad.

That's exactly  what they want
Create as many panic sellers as they can
A big shakeout before the price goes to the moon
Don't fall for it Gentlemen!

[rhyso]

I just wanna know where the bottom will be so I can invest some more fiat into it...

let's have a bottom guess competition...


I reckon resistance at 2k dipping slightly below then surging again.  so this seems about right... what do you speculators reckon?

[Pearls Before Swine]

No one can tell where the 'bottom' is.  That's foolish; timing the market doesn't work without blind luck.   And Goldman has a bunch of TA guys, big deal.  They can't predict the bottom any more accurately than anyone else.

[iv4n]

No one can tell where the 'bottom' is.  That's foolish; timing the market doesn't work without blind luck.   And Goldman has a bunch of TA guys, big deal.  They can't predict the bottom any more accurately than anyone else.

He and all his guys are making billions and their prediction is bitcoin price will drop before bouncing back, haha. Newbies here knows that, and history of price moving could tell him this also. I don't know how they make money with such stupid statements they have, their production is s bit idiotic.
Every summer price is going down a bit and then up, do you remember last halving? Price didn't go up when halving occurred, only in Nov. Dec. price started to climb up, now with seg.wit. that needs to be activated soon, with price can happen the same, maybe we will need to wait winter to see effects of seg.wit. and its reflection on price.

[EXtremeAEX]

Of course, and that it what everyone would say to. The only way for Bitcoin to go is UP  

I just wanna know where the bottom will be so I can invest some more fiat into it...

let's have a bottom guess competition...

I reckon resistance at 2k dipping slightly below then surging again.  so this seems about right... what do you speculators reckon?

Just get Bitcoins every time there is a dip, and nothing will go wrong. I guess $2200 to be the lowest, but I think prices will start to go up now. Just don't panic and hold through the chaos and they would be a rainbow after the storm. ^^