Bitcoin won't top $9,000 by year's end, Novogratz says

[bbc.reporter]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.



Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Read in full https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

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[davis196]

Bitcoin will stay at 6000 USD,if everybody believes that it will stay at 6000 USD.
Bitcoin will go to the moon(or at least to a new ATH),if everyone believes it will go.
It's a self-fulfilling prophecy.People like Novogratz and Tom Lee are the one-eyed in a kingdom of the blind.
Their opinions influence a lot of people,but I think that they just follow the price trend,so they are just a part of the crowd.

[mike4001_]

Lol @the yellow marked sentence.

When Bitcoin jumped from 10k to 15k in 3 days I would also predict 40k

No we are between 6-7k to lets just "predict" 9k because ... yes, that could happen without much going on.

[onrise]

Lol @the yellow marked sentence.

When Bitcoin jumped from 10k to 15k in 3 days I would also predict 40k

No we are between 6-7k to lets just "predict" 9k because ... yes, that could happen without much going on.

It is a highly volatile market and last quarter will generally give you the best of the return when concerned over the price. We forsee a high opportunity in coming time and easily crossing 10k + in just coming time and by year end we may even see it above 15k if things go smooth and just get some positive news from any part of the world.

[bitbunnny]

I have to say I agree.
It's true, Bitcoin price can change very quickly but current situation on the market isn't showing tendencies for some high jump.
Many are hoping that end of the year will bring some big positive price correction but as months are passing by this isn't looking very likely to happen. Still I think Bitcoin might cross 8000$ in December.

[Question123]

Maybe it will have chance to happen. If the bitcoin still not increasing because we expected the price become like 20k dollars more than . But there is also a chance the price increase only a little if they have still panic selling of the bitcoin . But I hope price will see even 10k dollars is enough for me.

[gentlemand]

Can't say I see much upside for now. I think we've already had the highest prices we'll see this year. From now on it's probably boring sideways and a bit of down. I'm still wondering whether this is treading water before some scary falls or things are too gummy to let them go much further down.

It feels a bit too straightforward for the bottom to have already been and gone but maybe that's 2014/15 PTSD talking.

Either way I'd agree with him saying it'll be well into next year before something more promising happens, if at all.

[bintangkejoraku]

at least this thread is better than people who say that the price of bitcoin will reach $ 50k or even $ 1 million by the end of the year. but I expect a little higher than you say, maybe $ 10k.

[Yaunfitda]

At least we see some glimpse on how this investors are really is. They started to be bullish however, they saw that the market won't really make a significant headway towards a new all-time-high so its about time to face the reality.

Newbies should learn from this so called perma bulls that sometimes its best to hoist the whiteflag and try to be flexible and make some adjustments and go back to the trading boards again.

[buwaytress]

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

[Javi_Anibarro]

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

It was not a timid speculation but instead it was a speculation that was created based on our current movement and market.
We as a trader always think rationally, we never made a judgement based on whatever do we want to hear instead we are making a speculation based on the possibility, currently we can see the price is starting to climb up and at the same time the bears is losing their power. But it does not mean that it will break its ATH again,because a lot of people felt afraid of it and do not want to get caught of it again.
Last year we pushed it to $20.000 and right now we are in $6000,how much money that they have lost if they were buying it at $20.000 ? this thing called being smart instead of timid.

[CryptoAssasin]

For a well known personality like Michael Novogratz, it will be easy for them to manipulate an investors way of thinking and make them believe that bitcoin will fold its price up to $40,000. Those are all predictions based on what they are seeing with investors approach and everybody could do that right? Those predictions could happen or not and it is normal to make a wrong or right predictions. As for his belief that bitcoin might not cross $9,000, I somehow believe that statement because of this long bear market. Who knows right? They always predicting last quarter of the year is a bull run for cryptocurrency.

[hahay]

I agree with that reason, because it seems that it is unlikely that the market will recover with a short time after its deep decline. Many expect bitcoin to rise again at the end of the year, I personally don't. If I hope for that, then I think it's the same as an insane person if there will be a big increase at the end of the year. Somehow I feel it takes longer for bitcoin to skyrocket again.

[YuginKadoya]

Like what I had expected with a man that has been ranked a billionaire by Forbes in 2007 and 2008, As for the price we might see the highest price we can attain this year by end of October and bitcoin can likely to tripped down again and the $9000 mark price is much higher I suspected the price to be an unlikely a price that he might accustomed bitcoin to be at the end of this year, Ora price that he would likely bitcoin to attain at the end of this year, But at the end of this year and the next year bitcoin will sure stay in the bearish mode.

[peter0425]

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

I agree. $9k estimate is still far fetched in my opinion. We even struggled to get past $7k and hold so it likely that he still pushes for a price that it is still good and make money out of it. His more of a media influencer, similar to the mold of John McAfee. Anyways, I'm pretty sure that he will spew more predictions in the coming months and say 'I told you so', if ever that $9k price is reach and every crypto outlet will sensationalized and say's Mike N. is correct again. Lmao.

[withlove99]

I see he said quite right
I think it can't even breaks $8,000 this year, We must look at the fact that investors are currently loosing confidence in the market

[exstasie]

Can't say I see much upside for now. I think we've already had the highest prices we'll see this year. From now on it's probably boring sideways and a bit of down. I'm still wondering whether this is treading water before some scary falls or things are too gummy to let them go much further down.

A couple months ago, I felt the same way. At this point, the sideways has gone on far too long to fit any conventional bearish pattern. Shorters must be exhausted after getting rejected every damn time for months. Sentiment has been so bearish, yet price refuses to fall, even when we made a lower low in June.

I'm still open to the bear case, but less so than earlier in the year.

It feels a bit too straightforward for the bottom to have already been and gone but maybe that's 2014/15 PTSD talking.

Either way I'd agree with him saying it'll be well into next year before something more promising happens, if at all.

I remember feeling the same way in the summer of 2013.

Even if we break up from here, that doesn't spell new ATH to me. It could easily be part of a larger sideways range.

[1Referee]

$9k estimate is still far fetched in my opinion. We even struggled to get past $7k and hold so it likely that he still pushes for a price that it is still good and make money out of it.

It looks like that right now, but just one spark is enough to turn this market into bull mode.

People go with the flow of the market. Last year around the prime days of the bull run most of the people here were so full of themselves, that they genuinely thought the price would hit $30-$40,000 in 2018. It didn't. Currently the bearish sentiment has the same effect on people, but then in the opposite direction.

I don't believe we'll see significantly higher levels this year, but a breakout facing north is definitely a possibility. It could peak at $8000 or $9000 who knows, but we'll break the $7000 level in the coming weeks, and when that happens, people will gain back some confidence.

[Torque]

In other news, water is wet.

And Tom and Vinny have no fucking clue either.

[bbc.reporter]

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

I did not say they are bagholders. I said not admitting to a mistake when everyone have already seen that it was a mistake is a good example of the mentality of a bagholder.

Also, ok maybe it is not about the bagholder's mentality, but the negative emotions from bagholding that are having an effect on the bagholder's mentality hehehe.

[xfaqs01]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

[figmentofmyass]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

good---this type of humble sentiment is required for any sustained market bottom. i'm glad we're seeing more and more of the permabulls become increasingly neutral. now if only they'd become bears.

the bagholders either need to liquidate or settle down and hodl for the winter. it'll take time for strong hands to overtake the market again. even if this long term triangle breaks upwards, there's lots of bagholders who will be selling into any uptrend.

[Pursuer]

one of the characteristics of bitcoin price rises has always been that it doesn't need a big announcement prior to the rise! it just happens and we can end up seeing the $9000 prices by the end of this week as the manipulative pressure by the accumulators lifts. otherwise this pressure stays until the accumulated forces against it  become so big that it can not contain them anymore. in which case we can see a shoot up to $9k. in any case saying it won't happen this year is as bad a guess as those others saying it will reach $50k, etc.

[deisik]

Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

I definitely agree with this Novogratz dude

Unless something out of the ordinary happens (a white swan of sorts), it is unlikely for Bitcoin to cross the $10,000 level this year. I would be happy to accept being wrong on this prediction but anyone who followed Bitcoin prices for at least a year understands that there is a huge resistance at around that mark specifically. Many people feel frustrated at Bitcoin "underperformance" as they are now waiting indignantly and impatiently when they can sell at breakeven and get done with crypto for good (at least, they are thinking so). I'm double-quoting the term since personally, I think that stable prices do more good than bad for Bitcoin in the long run as it helps foster and promote its currency aspect as opposed to a purely speculative one. But we should not discard the fact that prices in the range of 10k-12k were expected to be the ultimate bottom after the "correction" earlier this year (which was triggered off in late December, 2017), but as it often happens the majority were proven wrong all over again. Almost no one took my warnings seriously back in the day (note the dates):

With higher bitcoin prices, it could be a good practice to look at percentage shifts rather than quantity of dollars or other btc might be exchanged for. While the dollar amount of price shifts increases as bitcoin's price rises higher, the percentage rates of price shifts appears to be stabilising. Bitcoin is becoming less volatile over time, in terms of percentage shifts, as it becomes a more known phenomena and things like forks are better known and understood with a prior historical precedent.

Bitcoin is not becoming less volatile

Why do you people not read the OP? I mentioned there that Bitcoin is going even more volatile as the price rises. And yes, I mean relative changes, I think in relative changes if you please, i.e. changes in percentages specifically. I've even given an example above which proves that. Now we just need Bitcoin to go down as low as 6-7k dollars to prove me right. Or we could at first surge as high as 25k and then fall back to 10k dollars. This is not because of external factors affecting Bitcoin (though they certainly do). This is due to Bitcoin limited supply and the inverse relationship between Bitcoin supply and its price, most of the time

And they are now paying for their ignorance and out of hand dismissal of my point

[talkbitcoin]

i am always happier when i hear people have given up on bitcoin and are skeptical about the price rise such as some of the comments we keep seeing on this board. because it is a good signal for a close by rise.

historically speaking all the big rises have always began after people gave up on bitcoin like the 2013 one that people love to quote this year. it ended with price at the bottom not going any lower and people being skeptical of the rise.

logically speaking it signals the end of bag holding newbies in the market with weak hands who will sell on the small recoveries preventing the rise to take place and also the stability itself shows the accumulation phase going on.

[kentrolla]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

If there is a twist then everyone will be happy to have their money multiplied,. But offlate bitcoin.has gained stability and it will be great even if bitcooin crosses $8000 mark because it would be growth with stability instead of sudden rise and then down to basic.This year will be most crucial so let's wait and watch what happens and then find a way to make profit out of it.

[gabmen]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

If there is a twist then everyone will be happy to have their money multiplied,. But offlate bitcoin.has gained stability and it will be great even if bitcooin crosses $8000 mark because it would be growth with stability instead of sudden rise and then down to basic.This year will be most crucial so let's wait and watch what happens and then find a way to make profit out of it.

Well a twist can go either way, positive or negative. I just hope we get a positive one since a lot really are expecting the market to end the year on a strong note. It would be disastrous if the opposite happened to be the twist you've talked about.

[bbc.reporter]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

[bryant.coleman]

The demand seems to have stagnated. So I would agree with what he says. There seems to be an over-supply of Bitcoin in the exchanges, and I don't know from where this is coming. A possible explanation is that Alexander Vinnik (or his friends) are dumping the stolen Mt Gox coins (a wild guess).

[figmentofmyass]

The demand seems to have stagnated. So I would agree with what he says. There seems to be an over-supply of Bitcoin in the exchanges, and I don't know from where this is coming. A possible explanation is that Alexander Vinnik (or his friends) are dumping the stolen Mt Gox coins (a wild guess).

nah, the stolen gox coins were laundered through btc-e years ago. they've long been distributed back into the ecosystem.

but it's interesting you mention vinnik, and i do think there's a connection. btc-e relaunched as wex.nz last year. a few months ago, they suddenly stopped honoring withdrawal requests for BTC and other major currencies. the site is still up, but the situation hasn't changed.

i haven't verified myself, but i read about some blockchain analysis that points to a lot of their cold storage being emptied. my russian friend says the consensus is that wex shut down withdrawals and diverted customer funds to support vinnik's defense and eventual extradition to russia (rather than the USA).

that would certainly involve dumping some coins on the market!

[Mr.grin]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.

[Idrisu]

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

[Rejevunator]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg

Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

I think its true that bitcoin can not reach such price this year. Since i watching the chart regularly which is decrease everyday.

[deisik]

but it's interesting you mention vinnik, and i do think there's a connection. btc-e relaunched as wex.nz last year. a few months ago, they suddenly stopped honoring withdrawal requests for BTC and other major currencies. the site is still up, but the situation hasn't changed.

i haven't verified myself, but i read about some blockchain analysis that points to a lot of their cold storage being emptied. my russian friend says the consensus is that wex shut down withdrawals and diverted customer funds to support vinnik's defense and eventual extradition to russia (rather than the USA).

that would certainly involve dumping some coins on the market!

There is another possibility

Note that I don't discard yours (just in case, I'm familiar with it too) as being wrong or whatever as I don't know for sure myself what's going on with WEX right now. There is another explanation though, which seems more plausible to me personally. It is rumored that WEX funds are frozen for the time being and will remain so until Vinnik is sent back to Mother Russia. That was a condition set forth in order to release the funds, and until and unless Vinnik is freed, which will happen as soon as he gets off the plane in Moscow (or elsewhere in Russia), things are not going to change for the better. That also explains why you can still withdraw money from WEX using Tether or ZCash (though having to pay insane premiums), i.e. it doesn't look like there is no money left

[kevpantof]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.



Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Read in full https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

Well he might be just right. This is bitcoin we are talking about so we may never see 9k this year or maybe it will be 9k tomorrow we will never know but the most likely bet would be the price staying under 9k during the last months of 2018.

The price however has been stable for a while now, even tho people keep thinking we are in a bear market I believe on contrary we are in a "bull" like market where the price is not going down. Price not going down any further is a great news for us, if the price kept so high for so long it means it should be going up from here because that's the only direction left for it to go.

[messito]

I hope that in 2018, Bitcoin will cost over 10k dollars and we will be able to enjoy the bull run and make good money on it

[BigTeeths]

You can really distinguished the real and fake supporters. I still believe that bitcoin can exceed $20k this December because how could bitcoins stayed in the $6k mark for many months? The normal movement of bitcoin is only either of the two; slow or fast rise between months or slow or fast fall between months.

[Ararbermas]

 It's just a prediction which not 100% sure,  because market nowadays is so difficult to determine where to go due to some causes that always exist in the market ,reason why bitcoin always changing direction time on time. Which is in my opinion if you are a true holder you must take all the risk no matter what happen in year end but always bear in mind to put more patience and keep HOLDING because there's always a second chance to obtain huge profits on it,  avoid being greedy long term is always good idea. !

[Commotheon]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2017/12/05/104880726-20171205-7818-2526.530x298.jpg

Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Read in full https://www.c[Suspicious link removed]m/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

This year can be called worst year in bitcoin's history where every person is lifting there interest with bitcoins and choosing other crypto currency. For me bitcoin can be stuck at $6,000 i don't think it can go below it.

[welchmgra]

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

Today the price is about $6600 and I think it is good if there is no more correction in the price again. If the price gradually increases like the one today, it will definitely cross $9000 till the end of this year. There is no big gap in the current price and that of $9000. We should wait and see the end of the year. Hope that the end will be better than that of today.

[justspare]

The demand seems to have stagnated. So I would agree with what he says. There seems to be an over-supply of Bitcoin in the exchanges, and I don't know from where this is coming. A possible explanation is that Alexander Vinnik (or his friends) are dumping the stolen Mt Gox coins (a wild guess).

Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.

At this moment, the bulls will need to make some real good statement to be able to see participation at this moment. Nonetheless, like you said, all this is just a wild guess and if bitcoin peradventure surpasses $9k, I am sure he will come up with another excuse like he did, with his previous predictions. Sure, I won't expect too much for this year, but at least, we can be hopeful.

[yndye]

Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.

Well, it is still too early to say that bitcoin would not be able to reach $9k by year end because if those who hold large amount of funds would decide to pump the market and encourage those retail traders to buy then they can do it. They just have to release some news, trigger the orders and then we can see an upside movement. It may just even take just a few days to double the price as it is now. We already saw the parabolic movement last year and it may happen again.

[Clavulanic]

Well, it is a normal thing to see demand stagnated during periods like this when market is moving sideways, as there is uncertainty, check to see the level at which volume has dropped and apparently, most people are just waiting on the sidelines to see where the market will get to break out to.

Well, it is still too early to say that bitcoin would not be able to reach $9k by year end because if those who hold large amount of funds would decide to pump the market and encourage those retail traders to buy then they can do it. They just have to release some news, trigger the orders and then we can see an upside movement. It may just even take just a few days to double the price as it is now. We already saw the parabolic movement last year and it may happen again.

I can argue more to every opinions that has came out here mate, and we should respect what visions they had. You're right that it's too early to say final conclusions because bitcoin has an unpredictable behavior, so just stay cool and calm. Let's see what will happen with bitcoin until the end of this year, and hopefully the whales will show up in order to help the price pump until bull run will happen unexpectedly.

[piebeyb]

if the price of bitcoin was $ 666 before, you might see that now they look comfortable and intimate at $ 6666, whatever that makes the price go to that number and last for a long time maybe $ 66666, I will wait for that moment to really come but not in the year this

[carlisle1]

Well no one can predict what will be the price as this are all speculative and nothing assured anyone

Though even if this indeed still we are hopeful that we can atleast touched the $10,000 by year end or if lucky then maybe higher

We all know how hard crypto market recovered this year but lets stay holding guys keep the Faith

[ibanezed]

Bitcoin will stay at 6000 USD,if everybody believes that it will stay at 6000 USD.
Bitcoin will go to the moon(or at least to a new ATH),if everyone believes it will go.
It's a self-fulfilling prophecy.People like Novogratz and Tom Lee are the one-eyed in a kingdom of the blind.
Their opinions influence a lot of people,but I think that they just follow the price trend,so they are just a part of the crowd.

It's impossible basically. It will rather grow up in price.

[Slow death]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's.

It's possible that he does it because he will not want to stay behind

There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it.

these guys (analysts) spent last year making high price forecasts and today they are hiding from so much shame

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday

it is necessary to see if he is saying this because he is disappointed or because he actually did some technical analysis is concluded that the price will not be more than $ 9000 this year. My opinion is that there are many chances of not reaching $ 10,000 this year

[Lanatsa]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

This do simply proves out that no man would able to know on what would be exactly the price going specially on crypto were prices are way too unpredictable which it do mainly base on demand and adoption.
We have seen this bearish market almost a year and counting. 9k usd price would really be more realistic or considerable. Shit and mistake happens and its good he do admit it.

[figmentofmyass]

but it's interesting you mention vinnik, and i do think there's a connection. btc-e relaunched as wex.nz last year. a few months ago, they suddenly stopped honoring withdrawal requests for BTC and other major currencies. the site is still up, but the situation hasn't changed.

i haven't verified myself, but i read about some blockchain analysis that points to a lot of their cold storage being emptied. my russian friend says the consensus is that wex shut down withdrawals and diverted customer funds to support vinnik's defense and eventual extradition to russia (rather than the USA).

that would certainly involve dumping some coins on the market!

There is another possibility

Note that I don't discard yours (just in case, I'm familiar with it too) as being wrong or whatever as I don't know for sure myself what's going on with WEX right now. There is another explanation though, which seems more plausible to me personally. It is rumored that WEX funds are frozen for the time being and will remain so until Vinnik is sent back to Mother Russia. That was a condition set forth in order to release the funds, and until and unless Vinnik is freed, which will happen as soon as he gets off the plane in Moscow (or elsewhere in Russia), things are not going to change for the better. That also explains why you can still withdraw money from WEX using Tether or ZCash (though having to pay insane premiums), i.e. it doesn't look like there is no money left

the funds are frozen by whom? whose conditions are these?

you bring up a good point about the active wallets. there was a lot of talk a few months back about incoming management/ownership changes. i also figured there was the possibility that WEX had somehow lost control over its cold storage in a failed transfer of ownership (ie they were robbed). in that case, i figure USDT and ZEC (and XMR?) withdrawals still work because the admins still have control over those wallets.

[timerland]

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Lmao. Who would have thought that his prediction would turn out like this?

But in all seriousness, I think that you're completely right in saying that everyone already knew his prediction was simply some sort of publicity stunt that is completely unrealistic, before his prediction was even edited to be a bearish one.

I honestly don't think that anyone with even slight experience in speculation now would take these 'mainstream' speculators word for it especially without any form of TA to back it up.

[prtty2gal2]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.

good---this type of humble sentiment is required for any sustained market bottom. i'm glad we're seeing more and more of the permabulls become increasingly neutral. now if only they'd become bears.

the bagholders either need to liquidate or settle down and hodl for the winter. it'll take time for strong hands to overtake the market again. even if this long term triangle breaks upwards, there's lots of bagholders who will be selling into any uptrend.

It is normal to see things like this happen. A lot of them will always want to come up with statements based on the situation at hand and the funniest part is that they always get to come back to look for something to cover it all up.

Nevertheless, I feel they are still not learning their lessons, as no one can actually tell what tomorrow holds, we all do not know things that may end up changing fundamentally tomorrow and coming out to say bitcoin won't top $9k is an affirmative statement which only someone who could see the future will be able to tell and the last time I checked, Novogratz is not God.

[thefaucetrunner]

after observing bitcoin's price from the end of Q1 this year until now, i think we should agree with his prediction about bitcoin price will not reach $9000 by the end of 2018. it will be good for bitcoin to stay above $6000 until the end of 2018 because we have no big positive news to make bitcoin price pumped to reach all high time price anymore like what happened in the early 2018. so patience is still needed to hold our bitcoin investment, and i will tend to wait for recovery time to come.

[gonzadz77]

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

Today the price is about $6600 and I think it is good if there is no more correction in the price again. If the price gradually increases like the one today, it will definitely cross $9000 till the end of this year. There is no big gap in the current price and that of $9000. We should wait and see the end of the year. Hope that the end will be better than that of today.

I don't believe because bitcoin is volatile and anything can be happen. It can be up at any time decreasing price is not only bitcoin nature but stock market and alt too involve with it.

[deisik]

but it's interesting you mention vinnik, and i do think there's a connection. btc-e relaunched as wex.nz last year. a few months ago, they suddenly stopped honoring withdrawal requests for BTC and other major currencies. the site is still up, but the situation hasn't changed.

i haven't verified myself, but i read about some blockchain analysis that points to a lot of their cold storage being emptied. my russian friend says the consensus is that wex shut down withdrawals and diverted customer funds to support vinnik's defense and eventual extradition to russia (rather than the USA).

that would certainly involve dumping some coins on the market!

There is another possibility

Note that I don't discard yours (just in case, I'm familiar with it too) as being wrong or whatever as I don't know for sure myself what's going on with WEX right now. There is another explanation though, which seems more plausible to me personally. It is rumored that WEX funds are frozen for the time being and will remain so until Vinnik is sent back to Mother Russia. That was a condition set forth in order to release the funds, and until and unless Vinnik is freed, which will happen as soon as he gets off the plane in Moscow (or elsewhere in Russia), things are not going to change for the better. That also explains why you can still withdraw money from WEX using Tether or ZCash (though having to pay insane premiums), i.e. it doesn't look like there is no money left

the funds are frozen by whom? whose conditions are these?

you bring up a good point about the active wallets. there was a lot of talk a few months back about incoming management/ownership changes. i also figured there was the possibility that WEX had somehow lost control over its cold storage in a failed transfer of ownership (ie they were robbed). in that case, i figure USDT and ZEC (and XMR?) withdrawals still work because the admins still have control over those wallets.

It is just a rumor that surfaced somewhere

Maybe, in the exchange's trollbox itself. The rumor has it there is a transfer of ownership still in process (now obviously frozen), and one of its conditions is linked to freeing Vinnik, i.e. until Vinnik is not extradited to Russia (and he is not yet as far as I know), the keys from some cold wallets, or even all cold wallets, won't be transferred. Then it makes sense not to shut down exchange right now while there is still hope for Vinnik to get back home as well as enough liquidity at the exchange to support its operation and withdrawal of some coins. Also, fiat withdrawals to Yandex.Money were not disabled either for some time, though you would be losing like 70% of the money transferred when this withdrawal channel was last available

[andycarrol]

I believe time will tell if bitcoin is going to top $9000 this year or not but I think it will top especially now that we are hearing alot of good news and we are coming to the close of the year when cryptocurrencies activities do increase.

Today the price is about $6600 and I think it is good if there is no more correction in the price again. If the price gradually increases like the one today, it will definitely cross $9000 till the end of this year. There is no big gap in the current price and that of $9000. We should wait and see the end of the year. Hope that the end will be better than that of today.

bitcoin price a few months is very stable in the range of 6-7k, I see this year is still likely to be stable in the range of 6-7k, but to reach 9k until the end of year I thought it was very possible, because we will soon get the positive news about ETF, I think when was approved, 8-9k very likely reached.

[plescruslo]

In other news, water is wet.

And Tom and Vinny have no fucking clue either.

The given price limit is quite reasonable and I think it is possible to hit this limit. There is no big difference between the current price and $9000. If little bit push will get bitcoin to this price. There are a couple of months in this year and I am sure that the price will grow in the remaining time in this year. Water is wet and crypto is digital usable currency in the future.

[bitcoinrays]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.

The only reason for the drop of price is manipulation. Does anybody can tell why the price skied in the previous year? Not because the increasing demand for bitcoin but due to whales in the market. Then when the price downed to its original condition, investors started mourning. That was the terrible moment for bitcoin and the effects are still in the entire crypto market. 

[adaseb]

First of all you should never take anything seriously that these so called Crypto expert are saying. He also said at the beginning of 2018 that BTC wouldn't go lower than $8K and we broke $6K a few times.

Also don't forget that its almost the end of the year anyways. Basically October is almost half done and after that there are only 2 more months left.

So its possible that in late Nov-Dec we might get a crazy rally like last year but its also possible that we will trade sideways or downwards for the rest of the year.

[Small_Man_Big_Thoughts]

I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.

But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.

Either way, happy to gain more when everyone else wants to sell!

I did not say they are bagholders. I said not admitting to a mistake when everyone have already seen that it was a mistake is a good example of the mentality of a bagholder.

Also, ok maybe it is not about the bagholder's mentality, but the negative emotions from bagholding that are having an effect on the bagholder's mentality hehehe.

It depends on demand. If the demand for bitcoin rises the price will also rise. The current situation of the market is dump and not allowing the price to go up. Speculators just give their opinions about the coming price, but I totally agree that if more and more people invest in bitcoin, the price will go up and we will see hitting $9000 price till the end of this year.

[bbc.reporter]

@adaseb. You only say that today, in a bear market, but if the experts are right in their bullish predictions in a bull market, we catch ourselves believing in their hype hehehe.

[BerneirBTC]

i hope there is a twist on that story like what happend the the pump most predicted it to10k and at 10k most predicted ot at 15 k but then is goes up to almost 20k, now they predicted 9k there must be story behind it, im excited on the twist LoL.

Agreed! A twist would really make it appear that they no nothing. But the twist should wait until Tom Lee first declares that he is giving up on his $20k by end of 2018 prediction hehehe.

and I think that prediction is very difficult to achieve. we clearly know so many obstacles to bitcoin this year. I might think the same as the price of bitcoin will not be more than $ 9,000 by the end of the year. but, this is only limited to predictions, it could be that the price of bitcoin is above $ 9,000 at the end of the year.

The only reason for the drop of price is manipulation. Does anybody can tell why the price skied in the previous year? Not because the increasing demand for bitcoin but due to whales in the market. Then when the price downed to its original condition, investors started mourning. That was the terrible moment for bitcoin and the effects are still in the entire crypto market. 

To observe the current situation of the market I can say that the price would not rise more than $8000 atleast December this year, because there are no good signs for growth in the price. the market is still red and no greenery is looking is observation. If the price reaches to $9000 till the end of the year it would be quite good price for bitcoin and investors would be happy with this price.

[thecodebear]

I don't think there is any reason to expect it to top $9k this year. If the next bull market starts before end of year (which I'd give a 50% chance of happening) we could see $8k by end of year. Otherwise if this transition phase before the bull run takes a few months longer Bitcoin will probably still be in the 6000s range end of year.

[Harlot]

It takes courage for people to correct themselves, as it is his only option to come out right in his prediction this year. His first predictions was actually unbelievable as BTC was in bear mode even the start of January which means his 40,000$ price prediction is long gone from happening. Right now this price consolidation might even extend until the end of the first quarter next year as aside from the price pumps there is really no indication that BTC will be bullish for a while.

[Kolder]

It takes courage for people to correct themselves, as it is his only option to come out right in his prediction this year. His first predictions were actually unbelievable as BTC was in bear mode even the start of January which means his 40,000$ price prediction is long gone from happening. Right now this price consolidation might even extend until the end of the first quarter next year as aside from the price pumps there is really no indication that BTC will be bullish for a while.

There is no news to make the price pump than expected, there are many personalities that predicts too. And there are also humans that just made speculation. Even skilled ones made mistake so it doesn't matter what we need is some huge adoption that can make the price pump.

[zazarb]

Finally it is a slightly more realistic forecast, which is more likely to happen than other prophecy, where it was said that the cost of the bitcoin will reach this year about fifty thousand dollars per unit.

[1Referee]

Finally it is a slightly more realistic forecast, which is more likely to happen than other prophecy, where it was said that the cost of the bitcoin will reach this year about fifty thousand dollars per unit.

How is it slightly more realistic than it was when the prediction was made? Current price is even below when Novogratz made his prediction.

All the perma bulls you see throw around with $50,000 before the end of the year predictions are stuck inside their own bubble. They can't objectively look at the market without having their overly bullish bias completely overrule that what's actually going on in the market. Seriously, the most realistic predictions have all come from bears, because they don't let their bias get in the way. It's very refreshing reading through what bears think.

There is a saying; if all the loud 'experts' were so expert, they would be trading the market, and not selling you worthless advice.

[Thirdspace]

anything is possible in our crypto world!
remember last year, bitcoin price tripled within the last 3 months (even quadrupled when ATH)
based on www.blockchain.com chart data,
2017/09/30: $4,335
2017/10/31: $6,389
2017/11/30: $10,147
2017/12/16: $19,499
2017/12/31: $14,166
who knows... maybe it's repeating again by the end of this year
so far the fact is we (still) have a VERY STRONG support level at $6,000 since early this year

[Bagaji]

Frankly speaking the price of Bitcoin has be fluctuating on it support zone few months back and nothing is forthcoming from the current price on CMC. I think is hard time we believe some prophecy from some quarters even that of Novogratz.

[Mandevil]

Yes, it is quite possible - the forecasts are all failing - they are not even predictions, but a thorough analysis, reports, increase in volumes, so that everyone’s business believes or not - time will tell.

[Mandevil]

Personally, I am sure that a change in the direction of growth is already on the way, most likely this is the end of the year, but the beginning of 2019 is also possible ..

[STT]

anything is possible in our crypto world!
remember last year, bitcoin price tripled within the last 3 months (even quadrupled when ATH)
based on www.blockchain.com chart data,
2017/09/30: $4,335
2017/10/31: $6,389
2017/11/30: $10,147
2017/12/16: $19,499
2017/12/31: $14,166
who knows... maybe it's repeating again by the end of this year
so far the fact is we (still) have a VERY STRONG support level at $6,000 since early this year

Large changes are possible but also that was the trend at that time.   Right this moment we have a polar opposite and Bitcoin is becoming very centred to this one price area for a while now, so the opposite of great change.

I do assume we do not stay here forever just like I didnt really think the trend of it almost doubling every few months would last, of course it couldnt.   Really more then a price right now, it would be enough to know the direction.    
Do we leave this area of sideways pricing upwards or downwards, I would like that simple answer and hope asking little more then a direction increases the chances of an accurate answer being possible.

A smart idea would be to consider volatility not price.    This is often tracked in stock markets and is important with futures trading

[0xBitcoins]

First of all you should never take anything seriously that these so called Crypto expert are saying. He also said at the beginning of 2018 that BTC wouldn't go lower than $8K and we broke $6K a few times.

Also don't forget that its almost the end of the year anyways. Basically October is almost half done and after that there are only 2 more months left.

So its possible that in late Nov-Dec we might get a crazy rally like last year but its also possible that we will trade sideways or downwards for the rest of the year.

It is good for an investor to analyze the market by himself, collect as much data as he can and never predict the price for others. If I want to take any decision about my holding or decide the future price I would never tell anyone because I myself do not believe in predictions because they are just misleading bubbles. Price will up or down or remain constant I don’t care and I advise everyone not to be panic.

[Bonsaiav]

It is too easy for everyone to confess or be said to be an expert because he is already familiar with the routine of trade and investment in his daily life. But it does not always have to be justified, because what he has said, may be based on the trends he sees today.

[Clark05]

No one person can predict the real happen to bitcoin. But I only listen to the prediction of the bitcoin that gives me positive not feeling hopless like bitcoin will wont reach that price because I will ignore it. I want to see everyone tobeing positive to bitcoin like bitcoin will reach price very high.

[cellard]

It's awesome, we need all these big names that pop up on television turning bears, this is how markets bottom, big bulls turning bears, big drop, a flash crash, and then we start turning. Sometimes there isn't even a flash crash but a long period of a boring stable price were nothing happens.

Just remember for instance the Mike Hearn moment, that is how typically markets bottom in this space. A Novogratz/McAfee/Ver etc giving up would be excellent (again, assuming we haven't bottomed already).

[imapessimist]

I can't see it even reaching much above 6.5K.  Or might even collapse completely.  What new folk are going to enter the market now.  Just can see why anybody would.

[Quidat]

Even big names know that it doesn't have chance to reach $9000 this year, what more do we expect if this bearish market continue to act like this? The only bull run that we were waiting is expected to be on next year or after the halving in 2020 but who knows, we might get a support from the SEC for accepting ETF before this year ends.

[rationotled]

I can't see it even reaching much above 6.5K.  Or might even collapse completely.  What new folk are going to enter the market now.  Just can see why anybody would.

Yeah I agree with this. The price today is below $6500 and the month is going to finish. Just two more months to go in this year and I don’t think that there will be any big bump in the price. If the price reaches $8000 till the end of this year, it will be enough, but should not decrease again. Gradually it will go up more and more and hope it will reach to $20000 in the next year.

[BitHodler]

Just remember for instance the Mike Hearn moment, that is how typically markets bottom in this space. A Novogratz/McAfee/Ver etc giving up would be excellent (again, assuming we haven't bottomed already).

Novogratz has way more credits within the crypto space than McAfee, which by now has done everything he could to make people think he's an idiot. He should stick to the security side and calling exchanges out for being scams.

Ver is a permabull by default. Even if the end of the world is near he'll keep praising how much merchant adoption there is for Bcash, while in reality Litecoin has more on-chain transaction activity with orders of magnitude less merchant adoption.

Where are the descending triangle dudes? Where is the breakout they have been talking about? The market doesn't seem to give a shizzle about triangles. We'll keep seeing the market hover between $6000-$6800 for months.

[oseikuf44]

We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000

[bintangkejoraku]

We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000

I see ETF are the last weapon to rise high, if the ETF is accepted I am very confident that the price of bitcoin will rise very high and will be the beginning of a bull run.

[sunanbonang]

I see ETF are the last weapon to rise high, if the ETF is accepted I am very confident that the price of bitcoin will rise very high and will be the beginning of a bull run.

I see that many people believe that if ETFs are to be accepted and I am part of them, I am very sure that ETFs will produce positive news for bitcoin.

[gentlemand]

I see ETF are the last weapon to rise high, if the ETF is accepted I am very confident that the price of bitcoin will rise very high and will be the beginning of a bull run.

An ETF, a proper custodial one using real coins, would make a future bull run more powerful as it would allow more money to get in with greater ease. It would not create one. If one arrived right now we'd get a brief uptick and then back to business as usual.

It would be a small building block for future action, not the cornerstone to spark all of it instantly.

[bitbunnny]

I agree that Bitcoin will not reach 9000$ by the end of this year. About two months ago I would say it is possible but now I'm not convinced anymore. We are running out of time and the price and the market are not showing indicators that some big change will happen.
ETF would definetely help for price to recover but as many times so far the decision will probably be postponed, that us my opinion.
And the question is also would ETF influence price on long term or just intiate short term jump.

[bbc.reporter]

@bitbunnny. No, check bitcoin's price between November 15 or 16, 2017 and December 16, 2017. That's how fast bitcoin goes to new highs.

In any case, it might not go to new highs but it can go to $10k, I reckon.

[jonatuzc]

We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000

We can’t predict anything about bitcoin but if we consider the facts and figures of last year with this one, we are standing at some exact numbers where we were last year. This is seven thousands family where are revolving around like in last eight or nine months. And I don’t agree here, bitcoin would rather jump towers high altitude and we would be seeing some huge increase in amount this December.

[eaglewhite80]

We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000

We can’t predict anything about bitcoin but if we consider the facts and figures of last year with this one, we are standing at some exact numbers where we were last year. This is seven thousands family where are revolving around like in last eight or nine months. And I don’t agree here, bitcoin would rather jump towers high altitude and we would be seeing some huge increase in amount this December.

Well, it is the market, we can all make speculations, but the fact remains that time and trend will always end up giving us the answers to our optimism or pessimism as the case may be. I would not be so disposed to the idea that the market may not be able to go above $9k, knowing how surprising this market can be with movement, but I will let the future decide that actually.

[okala]

What happened? Have the bitcoin bulls turned into cows? hehehe

Also, I predict that Tom Lee will also announce the same statement as Mike Novogratz's. There is nothing wrong in making mistakes, but the public already knew that it was a mistake before he could admit it. That is a good example of the mentality of a bagholder.



Former Fortress hedge-fund manager Michael Novogratz doesn't see much chance of bitcoin breaking out of its current slump.

"I don't think it breaks $9,000 this year," Novogratz said on stage at the Economist Finance Disrupted event in Manhattan Tuesday.

Novogratz, who predicted last year that the cryptocurrency could swell to $40,000 in 2018, said it will take until the first two quarters of next year for bitcoin to move above $10,000.

Read in full https://www.cnbc.com/2018/10/03/bitcoin-wont-top-9000-by-years-end-former-hedge-fund-legend-novogratz-says.html

He has said his mind and I strongly believe that the market has it own mind too.  I don't know why I have this believe that bitcoin is currently undervalued and we need more volume to push the market above $10,000 and some of this big guys hold alot of this bitcoin which they are holding to manipulate the market up and down. If you follow them then you will need to do what they do.

[GregH37]

I agree that Bitcoin will not reach 9000$ by the end of this year. About two months ago I would say it is possible but now I'm not convinced anymore. We are running out of time and the price and the market are not showing indicators that some big change will happen.

I won't be so quick to want to accept that, considering that this is something we can hardly know, and for the fact that bitcoin has surprised so many times before. Also, I would not even bother about how ETF will be influencing anything at all at the moment, but one way or the other, lately, what I have been so quick to come to terms with is to just see what the trend comes up with. We can be hopeful, make assumptions, or be pessimistic, but at the end of the day, time will bring what it wants to bring for the market in the long run, and that to me is all that matters at this stage, but I would not be surprised if bitcoin gets above $9k.

In any case, it might not go to new highs but it can go to $10k, I reckon.

Yes, although, we also have to consider the fact that bitcoin was in an uptrend throughout last year, so that made it easy to get that movement instigated and possible. As far as I am concerned though, I am pretty optimistic this year could still bring something a bit cool but not too much but how far it goes is something we best live with time. When it comes to seeing the market getting pumped though, we have seen it before and really, I would not be surprised to see that happen actually when it comes to setting some new highs above $9k.

[yonjitsu]

If you are going to speculate bitcoin's market price before we enter 2019, a 9,000$ mark may be a very tough resistance for bitcoin to break because until now, bitcoin is still hovering at the 6,000$ mark.

[JohnBitCo]

We have barely two months to end the year and as the price is still trading below 7000 usd, it will be impossible for bitcoins to get to 8000 before 2019 and I cant see any forces that can impact bitcoins to accelerate so high for it to get to 9000

If the bitcoin does move up in these last two month of this year, it will disappoint people and people will be dishearten and will leave the crypto as everyone is hoping to seeing one final bull run at this year end. Unfortunately we are not seeing any reason of happening it though. 

[Hilly]

Even big names know that it doesn't have chance to reach $9000 this year, what more do we expect if this bearish market continue to act like this? The only bull run that we were waiting is expected to be on next year or after the halving in 2020 but who knows, we might get a support from the SEC for accepting ETF before this year ends.

I also don’t believe that it will reach to $9000 this year. There is no demand for bitcoin like the previous year, but people still want another bull like the previous one. First we should increase demand for bitcoin and it is possible only when we play our role for the promotion of bitcoin throughout the world. The more the investment the high will be the price.