[BREAKING NEWS]: Goldman Sachs says bitcoin could rise another 50%

[Yuuto]

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

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.

[1715404742]

1715404742

[squatz1]

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.

[hv_]

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

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.

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.

[pooya87]

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

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

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

[buwaytress]

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.

[AGD]

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.

@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)

[The_Dark_Knight]

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

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.

[RoommateAgreement]

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

[Kyraishi]

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

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?

[Kakmakr]

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^ 

[xypos]

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

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.

[talkbitcoin]

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
it covers both possibilities.

[joseafonso123az]

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 !

[hv_]

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 !

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

at your service

[aesma]

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.

[Barcode_]

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.

[iamTom123]

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.

[lonelygrimm]

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

[DoublerHunter]

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.

[Denker]

Bitcoin will move up and down without Goldman Sachs opinion.
Since when are these guys Bitcoin experts by the way?!
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.