Bloomberg Intelligence: the price of bitcoin could fall to $ 900

[troglobait]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

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[derigop]

I hope that will not happen. Many investors will lose profit if that happens. If the Bloomberg Intelligence's proof is legit it might the downfall of the bitcoin. But remember Bitcoin is unpredictable so it might not happen.

[hto1144]

Mc Glone how !!! wait the end of 2018 and will see hpw your face will be when btc will hit the 40.000.

[RawDog]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

Yeah, and monkeys can fly out of McGlone's ass too. 

"conditions of uncontrolled supply growth" - this proves his understanding of Bitcoin is ZERO

[edhp]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

anyone can say anything and be an expert these days

[troglobait]

I personally do not know anything about this person. so I asked here. I myself think that bitcoin will gradually increase the volume of capitalization, the rate will be more stable and eventually it will replace the money of phiath.

[bakujo0817]

i think he only study this year trend he didnt look the history of bitcoin that every fall of bitcoin it bounce back really he needs more research about bitcoin lets say he expert in reading the chart but thats not mean hes right about bitcoin because bitcoin is unpredictable and unstoppable.

[romanovst]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.

90% drop will take a lot of time to take place even if this is true. Now, I think prices are already stabilized as we have seen it moving in $7000-$8000 range for last 2 months. I do not think there is any reason for Bitcoin to drop to that level in any time recently.

[Nilda]

Who declared this guy an expert on bitcoins? Did he previously predict that the price would reach $20,000? Cryptocurrency analysts are a dime a dozen these days.

[MiiDoViic]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

Lol  I'm so done with done with these "wall street experts" and "Analytics" saying that bitcoin adn cryptocurrencies are just a bubble that is eventually going to crash . If bitcoin is going to crash It would happen when the blockchain gets somehow hacked or the internet gets shutdown somehow.
Those fat cooperate pigs have everything to win if bitcoin decrease in price ,they jump on the chance to bash and talk shit about it ,because they know the younger generation are all intressted in cryptocurrencies and not their boring stocks and indexes .

[Realist247]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

Yeah, and monkeys can fly out of McGlone's ass too. 

"conditions of uncontrolled supply growth" - this proves his understanding of Bitcoin is ZERO

I think he is trying to describe the uncontrolled supply growth of altcoins that function in the same or a similar manner vs. Bitcoin that are growing in both popularity and market cap due to faster transaction times and lower fees.  Competition from altcoins will push the average price of everything down over time if usability as a currency is the goal.

[Realist247]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

Lol  I'm so done with done with these "wall street experts" and "Analytics" saying that bitcoin adn cryptocurrencies are just a bubble that is eventually going to crash . If bitcoin is going to crash It would happen when the blockchain gets somehow hacked or the internet gets shutdown somehow.
Those fat cooperate pigs have everything to win if bitcoin decrease in price ,they jump on the chance to bash and talk shit about it ,because they know the younger generation are all intressted in cryptocurrencies and not their boring stocks and indexes .

Boring stocks?  Obviously, you haven't been following the biotech sector over the past 6-12 months.  There are many companies with % gains that rival cryptos and have a long way to grow as their products clear FDA trials.

[bitcoinstress]

I don't believe because Bitcoin was growth as well even the whales will dump the price but some of us will buy it for covering the price.

[penig]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

Yeah, and monkeys can fly out of McGlone's ass too.  

"conditions of uncontrolled supply growth" - this proves his understanding of Bitcoin is ZERO

The day Bitcoin Cash forked, any pretense of limited supply died. 

[Anti-Cen]

Based on ETH that runs twice as fast as Bitcoin and the development team can also be trusted and
the price volume ration I would say the price of Bitcoin still has a long way to drop but I guess the
slot machine players here don't want to listen to maths or logic

Yeah "Buy on the dip" all the way to the bottom !

[blozo]

Crap as usual. They are comparing the Nasdaq at its peak (more than 5 trillion of $ of market cap) with the current crypto market (400 M $ of total market cap), we still have a long (bumpy) road ahead  

[Slow death]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.

he is making his prediction, just as everyone makes their predictions. there is something that people should notice, prediction do not mean "it will happen". can happen or may can not happen
 
for example:


CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000

Crypto Experts Predict 2018 Bull Run: Bitcoin To $50k, Overall Market Cap To $1 Trln

Winklevoss Twins: Bitcoin Has Potential To Grow At Least 30-fold In 10 To 20 Years


Tom Lee Says BTC Will Hit $25,000 in 2018, Advises ‘Aggressive’ Buying At Market Low


can happen or may can not happen

Who is this McGlone, who then considers him an expert?

https://www.linkedin.com/in/mike-mcglone-a8442513

[antagonist]

The strategist for commodities of the analytical division of Bloomberg Intelligence Mike McGlone believes that the probability of a 90% drop in bitcoine prices in the conditions of uncontrolled supply growth in the market is quite high.


"I've been studying this topic for a long time and the more research I do, the more I tend to bearish. All this is very similar to the Internet company of the late 90's, "McGlone emphasized.


Who is this McGlone, who then considers him an expert?

900 hundreds dollar is good estimate i have also this same opinion , i think maybe it take one or two year before it reach 900 dollar but like you have said it here and i agree it with you price for bitcoin continue to go low
and i love it like this , in my place we have been doing short sale so many time and today it has been reveal that evn more monies we have made like this than when before price was going up , i think many ppls are doing like me and this is huge huge big money thing for those ppls whom are smart in this place

[bitbunnny]

Another Bitcoin "expert" has spoken.
To be honest everyone can stand behind the company's name he's working and say anything he wants. But the question is how relevant that is.
In crypto world anything is possible, I don't say, but still too much attention is given to such news from so called experts.

[pxo.011]

we will see what happen just wait if its true i would like to buy a lot of bitcoin and trust myself by holding it, it will be possible that a 200% of profit will earn , we reach almost 20000usd its not impossible that it will happen again.