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

[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