How credible is Wall Street CIO's Prediction of BTC dropping $1000 ?

[WNaik]

Hi Folks, I've read this piece on cointelegraph. What are your views.

“Over the next year I wouldn’t be surprised if it’s BTC down to $1,000 to $3,000.”

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[shulio]

I think that the Wall Street prediction is shit. There are some people predict BTC will hit 1K and some predict 100K in 2018. Time will tell which prediction is true, but I beleive we will hit at least 50K this year.

[JPCain]

Nonesense. Too much interest in BTC to see it hit 1k.

I would go with your gut. Charts show trends in a market that is easily manipulated.

[QuestionAuthority]

When is everyone going to realize cointelegraph is the worst crypto news service in existence. Forbes and Bloomberg stories are usually negative but I’d still rather read them than coincrappygraph. It’s like they go out of their way to pick the most unrealistic negative stories about Bitcoin they can find. It’s seems like Roger Ver and Mike Hearn got together and started a bitcoin media outlet.

[WNaik]

When is everyone going to realize cointelegraph is the worst crypto news service in existence. Forbes and Bloomberg stories are usually negative but I’d still rather read them than coincrappygraph. It’s like they go out of their way to pick the most unrealistic negative stories about Bitcoin they can find. It’s seems like Roger Ver and Mike Hearn got together and started a bitcoin media outlet.

I am not sure if it worst or not but certainly i believe many tend to follow them.  Who else do you think are non-soldout media worth following

[chiggz]

Hi Folks, I've read this piece on cointelegraph. What are your views.

“Over the next year I wouldn’t be surprised if it’s BTC down to $1,000 to $3,000.”

Love these headlines! Pretty sure Wall-street pricks want to get a chunk of the BTC by spreading FUD. Markets will go upward, downwards or sideways depending on the news and some breakthroughs. Only the fickle minded will fall for these news and thus making the whales richer day by day.

Did anyone predict Bitcoin to rise upto 18K in 2017?

[tyuner4]

I think for BTC to go to $1000 to $3000 is not realistic. Another “expert” trying to create chaos and manipulate prices.

[Tron]

I wouldn't wonder if his "prediction" is intentionally so that he can create mass panic and reap the effects later. He knows about btc and waits for the right time to buy just like any of us here.

[xindoa]

i think wall street wants it to go to 1k - 3k to buy in. they know how to work the market and i'm thinking they are doing it right now

[RonJohannson]

If it did, it certainly wouldn't be on fundamentals.  it would be due to some kind of major scare, exchange shutdown, Mt. Gox level panic or something like that.  The price simply would not hit $3,000 based on fundamentals because way too much money would come in to provide support to the price well ahead of it hitting $3k.  The price has been well established at levels well above that for too long  now.