Trace Mayer: "Bitcoin prices may fall further in 9 months"

[Thai19]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

[Aiberg]

One thing you should know in this crypto space is that if you throw a rock into a crowd, you would hit hundreds of Professionals who just happen to know the exact price that BTC would be trading in the future and most of them turn out to be useless information, just do your due diligence, do not buy or sell because others tell you to, do your own research, trust your own gut and you would be fine.. sometimes.

[panfils]

They are manipulating you guys.. Don't listen them.
When you'll sell your BTC, they'll buy them.
And when a bull run will start, they will hold and you won't...

[criticoflife]

How many of these people with there doomsday for bitcoin predictions will there be? If we listened to these people than btc would have died years ago. I think it will swing the other way entirely. because there are all the signs of a global recession showing and more people will want to move there money out of the traditional system once that happens.

[Classica35]

One of the things i have discovered about crypto is that, it cannot be predicted. Some may have succeeded with some predictions in the past, but recently, most of them failed. So, that someone says that the price of bitcoin will fall, does not mean it will outrightly work out that way. Instead of the price plunging, it might continue to rise.

[exstasie]

Will the news come true? BTC price of $ 3K.

It's not news. Key word in the tweet: "perhaps"

He's saying a multi-year bear market and $3K are possible, but that it's actually getting less and less likely given the current price action. I'm not sure I agree with his system but he's projecting $10K for December 2018 and $15K for June 2019. A general ramping up heading into 2020, the year of the halving.

I'm sure plenty of bulls agree with him. I lean slightly more towards the $3K scenario, but the longer the sideways goes on (and especially if we break the last daily pivot around $7,500) the less bearish I get on the 1-2 year timeframe.

[gentlemand]

One thing you should know in this crypto space is that if you throw a rock into a crowd, you would hit hundreds of Professionals who just happen to know the exact price that BTC would be trading in the future and most of them turn out to be useless information, just do your due diligence, do not buy or sell because others tell you to, do your own research, trust your own gut and you would be fine.. sometimes.

He's one of the few people who I'd consider worth listening to. He has no particular axe to grind in either direction and he's a long term believer and he's been around since BTC was in the cents.

No one knows shit of course, but he's not some Twitter zombie.

[BitHodler]

I want to see more of these bearish predictions. The more bullish drivel I read (and there is a lot of it that can be found here) the longer I think the bear market will last, especially without any event to trigger a rally.

Markets tend to do the opposite what the mass expects it to do, and right now they still aim at a bull run before the end of the year, and this can only work against them. It's pretty frustrating to see how ignorant some people are.

Maybe that a dip to $5000 will be enough to have them realize that we're not in a position to demand anything from the current market. I don't take anything for granted as long as we haven't broken out in a bullish manner.

[Getcoinsite]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

Would you enlighten me about who’s this Trace Mayer?Sorry but I don’t really care about the names pretend to be literate in cryptocurrency but the truth is all they know is to gain from greediness,they will spread bad news to make people rattle and some will panick sell

One of the things i have discovered about crypto is that, it cannot be predicted. Some may have succeeded with some predictions in the past, but recently, most of them failed. So, that someone says that the price of bitcoin will fall, does not mean it will outrightly work out that way. Instead of the price plunging, it might continue to rise.

Thats why it is called predictions as they do not really knows thats the outcome,but for me whatever comes from grow to falls,it doesn’t matter since i am willing to hold for longer time

[pooya87]

this is equally bullshit as when people like Tom Lee say bitcoin can reach $50k by the end of the year. people love to make random guesses about bitcoin specially when they have certain orders in the market where they want to be filled.
Trace Mayer here is just trying to make money on his bets on the market. i suppose he either has orders in place or plans on placing them soon since we are getting closer to the ETF decision date by SEC and there is a good chance that after rejection we see a drop. so building up the foundation now can help those who are going to short like Trace Mayer during that time.

[Idrisu]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

aThis is a very sad speculations for some of us that has been holding for quite some time now.  Bitcoin has gotten dumped for quite some time and we were thinking that from now on we should see a very significant upwards movement.

[Don Pedro Dinero]

 

I want to see more of these bearish predictions. The more bullish drivel I read (and there is a lot of it that can be found here) the longer I think the bear market will last, especially without any event to trigger a rally.

Markets tend to do the opposite what the mass expects it to do, and right now they still aim at a bull run before the end of the year, and this can only work against them. It's pretty frustrating to see how ignorant some people are.

I totally agree with that. I’ve been thinking the same lately because I’m subscribed to a few YouTube channels and everybody says the same: they are bullish, bitcoin is going to go up soon, bitcoin will reach $20,000 by December (or more), and so on. They have been saying that for a while, and we had a bear market, so when I start seeing pessimistic people is when I will believe this is going to go seriously up.

[Tapyaks72]

I want to see more of these bearish predictions. The more bullish drivel I read (and there is a lot of it that can be found here) the longer I think the bear market will last, especially without any event to trigger a rally.

Markets tend to do the opposite what the mass expects it to do, and right now they still aim at a bull run before the end of the year, and this can only work against them. It's pretty frustrating to see how ignorant some people are.

I totally agree with that. I’ve been thinking the same lately because I’m subscribed to a few YouTube channels and everybody says the same: they are bullish, bitcoin is going to go up soon, bitcoin will reach $20,000 by December (or more), and so on. They have been saying that for a while, and we had a bear market, so when I start seeing pessimistic people is when I will believe this is going to go seriously up.

Speculation that the price will be bullish soon is very significant, because it does happened many times in history, well history will always repeat it self because if many will expect many also will buy and it will happen the price will shoot up to the moon.

[JMD07]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

This looks like a trap for me and those who will believe in this prediction will have doubt about this technology and sell there coins. Am sure this guy has to place orders at the bottom once a fall of price happens. If you believe in this technology then no need to read this kind of speculation.

[buwaytress]

Will the news come true? BTC price of $ 3K.

It's not news. Key word in the tweet: "perhaps"

He's saying a multi-year bear market and $3K are possible, but that it's actually getting less and less likely given the current price action. I'm not sure I agree with his system but he's projecting $10K for December 2018 and $15K for June 2019. A general ramping up heading into 2020, the year of the halving.

I'm sure plenty of bulls agree with him. I lean slightly more towards the $3K scenario, but the longer the sideways goes on (and especially if we break the last daily pivot around $7,500) the less bearish I get on the 1-2 year timeframe.

I do see a lot of bulls slowly shifting their outlook in the past couple of months, but these are those not only holding but speculating for short term profits with Tether reserves whipping around Bitcoin. Working out so far, catching the peaks and rebuying into the lows, all taking heart at the string of higher lows.

I'm still feeling we're deep in the woods, though. The shellshock of the altmarket was bad but Bitcoin hasn't had that sort of battering so I'm still expecting it to come. Doesn't change the long game, though. It's already seen a multi-year plateau, so it knows how to get out of another.

[fabiorem]

I want to see more of these bearish predictions. The more bullish drivel I read (and there is a lot of it that can be found here) the longer I think the bear market will last, especially without any event to trigger a rally.

Markets tend to do the opposite what the mass expects it to do, and right now they still aim at a bull run before the end of the year, and this can only work against them. It's pretty frustrating to see how ignorant some people are.

Maybe that a dip to $5000 will be enough to have them realize that we're not in a position to demand anything from the current market. I don't take anything for granted as long as we haven't broken out in a bullish manner.

I agree. There are people posting rockets with just a small $300 rise. The more the delusion, the longer will be the bear market. And it seems futile to discuss it, as they might call you a shill or mistake you for a bear.

Its more likely that we will see 3k by January 2019, than a 10k floor being consolidated. We might reach 10k by December, but then the whales will short it again, due to the holidays. Right now, bitcoin is already too cheap.

[Binugon]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

Free people predict related to bitcoin, but do not first believe the news, because there are still many things that will happen in the future, we know that bitcoin is always experiencing a rise and fall that is very fast and difficult to predict, we better trust experts who are known in world of cryptocurrency.

[eaglewhite80]

How many of these people with there doomsday for bitcoin predictions will there be? If we listened to these people than btc would have died years ago. I think it will swing the other way entirely. because there are all the signs of a global recession showing and more people will want to move there money out of the traditional system once that happens.

It is not a doomsday theory, they are just speculating based on what they see and they are not telling anyone it is a confirmed statement. It is a conditional statement, it may fall and it is not like Trace Mayer said it will fall.

There is one thing about analyzing the market, which requires you to look at the possibilities towards the negative side and the possibilities towards the positive side and then make decisions on that at certain point in time. We all know we are in a bear market and there is room for more, so I see no B.S in what Trace said.

[Barbarian]

Will the news come true? BTC price of $ 3K.
Trace Mayer: "Bitcoin prices may fall further in 9 months" https://twitter.com/TraceMayer/status/1041355220561932288
Maybe $ BTC crypto-winter will last 6-9 months longer (hopefully!), Touching $ 3k, but probabilities are getting less favorable of that possibility.
What would a boring Q32018 & 2019 look like w/ usual daily price increase of 0.51% & @TIPMayerMultple between 0.9-1.2x? Thoughts?

It is possible but I do not really think that is very likely, if I remember correctly the price of mining a bitcoin is a higher than that, so if the price reaches 3000 then it will be better for the miners to just turn off their machines and buy bitcoin instead, this in turn will make the demand to go up and will restore the price to the minimum necessary for the miners to get profits

[1Referee]

We all know we are in a bear market and there is room for more, so I see no B.S in what Trace said.

Unfortunately, a lot people still think there is a possibility that we'll be reaching last year's prices before the end of the current year. These people gain confidence by how lunatic perma bulls keep throwing around with insane valuations to be reached, because these "experts' know how everything works, right?

There was a time not that long ago on this forum that if you even tried to hint at the market to go down further, that people would call you a troll of fud spreader. That just shows how ignorant and blind people are that we are dealing with in today's market. As years go by, we'll be coming closer to the true face of mainstream adoption, which also means that the people we'll be dealing with next year and the year after, will be ten times worse than those that we are dealing with today.