Novogratz making predictions again hehehe

[bbc.reporter]

Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?



Novogratz recently had a moment of bearish sentiment, suggesting that Bitcoin wouldn’t break $9,000 before the end of the year, and was targeting the second quarter of 2019 when Bitcoin could break $10,000.

However, the negative sentiment appears to have passed, and he’s now suggesting that break of important psychological resistance at $10,000 will occur during the first quarter of 2019 – a break he expects to start the next bull run, potentially beating previous highs.

“By the end of the first quarter we will take out $10,000 and after that we will go back to new highs — to $20,000 or more,” Novogratz speculated.

Novogratz had famously predicted Bitcoin reaching $40,000 before the end of 2018, double its previous all-time high of nearly $20,000 it reached back in December 2017. Novogratz later changed his tune due to the severity of the continued downtrend keeping cryptocurrency prices at bay.

Read in full https://www.newsbtc.com/2018/11/05/novogratz-bitcoin-to-revisit-all-time-high-in-2019-fueled-by-institutional-fomo/

[davis196]

That's why nobody trusts the crypto "gurus" like Novogratz.
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.

[adaseb]

Its all publicity. Basically every prediction he makes, whether bull or bear, will get him featured in many articles and he will get free advertising for his business pretty much.

All his predictions in my opinion seem like common sense however. Last month or so, BTC was acting very bearish and I agreed with his bear prediction. His newest prediction now, I also agree with. Seems like the $6K held again and it looks like we might be headed and maybe break $10K next year sometime.

Nobody however should take his trading advice seriously, its mostly for entertainment purposes. 

[Juggy777]

Its all publicity. Basically every prediction he makes, whether bull or bear, will get him featured in many articles and he will get free advertising for his business pretty much.

All his predictions in my opinion seem like common sense however. Last month or so, BTC was acting very bearish and I agreed with his bear prediction. His newest prediction now, I also agree with. Seems like the $6K held again and it looks like we might be headed and maybe break $10K next year sometime.

Nobody however should take his trading advice seriously, its mostly for entertainment purposes. 

I'm surprised that the mainstream media yet entertains this guy, I have never followed his advice, and I would advise all to stay away from his advices. I'll agree to your view, but those are common advices which even a newbie can make once he sees the way prices behave so I don't think he deserves any credit. I have always seen following these self proclaimed gurus often backfires, and it's only matter of time before he comes out and changes his words.

[exstasie]

He hasn't really changed his tune. He's just talking on television and speculating in broad strokes. Q1 and Q2 next year are basically interchangeable. It's too difficult to speculate timing between March and May.

He's been saying for a while that institutional investment will come in Q1 or early Q2 and said a couple months ago the rally would start in Q1. It doesn't seem like that's changed.

He called bottom in September and a rally early next year...... if he's right about those, I say good calls. It doesn't matter when we break $10K.

[buwaytress]

Not the first time he brought up institutional investors actually if I recall correctly and YES, I certainly think they entered in 2017, long before they made public any intentions to go into it. I remember PE funds already doing ICOs even in late 2016. Most publicly failed but I don't think that prevented their PE people and members from buying Bitcoin directly especially OTC, which for me helped explained a lot the momentum that led up to 2017's steam.

Surprised he hasn't already peddled the digital securities agenda, or is he waiting for the SEC to approve the first crypto security?

[teilwalL05]

Maybe there is a reason behind his speculations, And right now that we are in a bearish market maybe he is planning something maybe his whale buddies would try to manipulate the value of bitcoin when the end of the year comes and would make the pice pump up o $9000 USD, But I say that it is easy right now to make a price drop than a price increase, Or he is making a fool out of himself again, But we may never know the volatileness of bitcoin can be very unpredictable.

[nl247]

Honestly, I just see these guys in a funny way making fools out of themselves but at the same time, I would not say what he is calling is a bad one as well, when it comes to the institutional investors. However, I guess if someone calls himself an expert, they should know better than to be predicting what the future is going to hold, and they should be intelligent enough (that is if they actually are), to realize that we only adjust with the trend, and all these assumptions and predictions are just some sort of bull crap shit as far as I am concerned.

This is why at every point in time, they will always keep coming with an excuse or as much as 100 different predictions that suits them based on the market conditions at each moment. Pretty absurd, isn't it?

[BrewMaster]

predicting bitcoin at this point is practically impossible specially if you try to come up with a time frame where some major resistances such as $10,000 are going to be broken. it doesn't matter who they are, it simply can not be done.

the only way we can start actually predicting the rises and breakouts is when the rise actually begins. for example we need to first see the rise happen to at least $7.5k with a solid rise not a FOMO shaky rise that  doesn't last and then we can speculate based on that when the ATH is going to happen. otherwise this stable price with no rise can last an unpredictable length of time.

[hubballi]

Who is novogratz who have given him the surname of GURU whether he has predicted before perfectly. This predictors are fake and they just wanted to be in limelight that is why they are giving all false prediction without base. Who ever is following them are crying now.

[Findingnemo]

It may sound realistic for me because it says the bitcoin will reach $10K in the second quarter of 2019 so we have lot of time for that to reach and I hope it will reach that in the mentioned time period.But I don't believe anyone's predictions because they were just predictions.

[dothebeats]

Just let him be the laughing stock of today's markets together with John McAfee--though McAfee rarely speaks about his stance on bitcoin and make crazy predictions nowadays. Anyway, Novogratz is a fine example of an 'expert' that often fails on his models and predictions, and that's why the newbies shouldn't blindly trust anyone even if the personality is somewhat well known since this is money that we're talking about. Making bold guesstimates with a model that haven't proved anything within a few months will really make you the clown of the market.

At least he's a permabull and consistent with his beliefs, though.

[bbc.reporter]

Its all publicity. Basically every prediction he makes, whether bull or bear, will get him featured in many articles and he will get free advertising for his business pretty much.

All his predictions in my opinion seem like common sense however. Last month or so, BTC was acting very bearish and I agreed with his bear prediction. His newest prediction now, I also agree with. Seems like the $6K held again and it looks like we might be headed and maybe break $10K next year sometime.

Nobody however should take his trading advice seriously, its mostly for entertainment purposes. 

But there is no one as entertaining as our favorite analyst Tom Lee hehehe. I love his permabull stance on the market while everything and everyone is bearish.

No retreat, no surrender should be his motto.

[el kaka22]

That's why nobody trusts the crypto "gurus" like Novogratz.
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.

Lol, that is the funny part, as old as most of them are, they just don't know how to shut up and go hide in a hole with their head deepen in shame but they just keep behaving like kids, who have not experienced life or probably they are just trying to gain some relevance, knowing the level of speculation in this market.

Whatever it is, they should know better that people don't listen to their bullshits anymore and in fact, all they are basically just doing now is to make themselves sound more like fools in the long run, and I can imagine if things do not turn out as he is imagining in his head, how many times he will have to change the predictions again in 2019 until he is eventually told to just keep quiet.

[BrewMaster]

Its all publicity. Basically every prediction he makes, whether bull or bear, will get him featured in many articles and he will get free advertising for his business pretty much.

All his predictions in my opinion seem like common sense however. Last month or so, BTC was acting very bearish and I agreed with his bear prediction. His newest prediction now, I also agree with. Seems like the $6K held again and it looks like we might be headed and maybe break $10K next year sometime.

Nobody however should take his trading advice seriously, its mostly for entertainment purposes. 

But there is no one as entertaining as our favorite analyst Tom Lee hehehe. I love his permabull stance on the market while everything and everyone is bearish.

No retreat, no surrender should be his motto.

for what it's worth, not being bullish doesn't automatically make you bearish.
in fact being bearish now is dumber than being bullish! the bear market has been over for a very long time now and anybody who is bearish is only late to the party...
for now we are in a new trend called "transition". it may not be as glamorous as bull and bear but it is a thing.

[bbc.reporter]

@BrewMaster. It is making those defining statements such as the bear market is over for a very long time now, that has made our gurus fall into traps of their own making. Once in a trap, they retract and change their predictions hehehe.

[pooya87]

That's why nobody trusts the crypto "gurus" like Novogratz.
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.

Lol, that is the funny part, as old as most of them are, they just don't know how to shut up and go hide in a hole with their head deepen in shame but they just keep behaving like kids, who have not experienced life or probably they are just trying to gain some relevance, knowing the level of speculation in this market.

why would they shut up? they are running a business and they are obligated to make comments on it! in this case Novogratz is basically advertising his Galaxy Digital company which funny enough lost $134 million dollar this year thanks to the dumps according to bloomberg. at the very least what they do is "brand recognition" which will work in their favor when they want to make money later on with their services!

[fullhdpixel]

Mike Novogratz has to be chasing the world record for the most predictions changed in 1 year hehehe. But that record would not be very hard to do if he tries to make predictions on a volatile market such as bitcoin.

But what does he know? He mentioned institutional investors, were there none during the bullrun of 2017?



Novogratz recently had a moment of bearish sentiment, suggesting that Bitcoin wouldn’t break $9,000 before the end of the year, and was targeting the second quarter of 2019 when Bitcoin could break $10,000.

However, the negative sentiment appears to have passed, and he’s now suggesting that break of important psychological resistance at $10,000 will occur during the first quarter of 2019 – a break he expects to start the next bull run, potentially beating previous highs.

“By the end of the first quarter we will take out $10,000 and after that we will go back to new highs — to $20,000 or more,” Novogratz speculated.

Novogratz had famously predicted Bitcoin reaching $40,000 before the end of 2018, double its previous all-time high of nearly $20,000 it reached back in December 2017. Novogratz later changed his tune due to the severity of the continued downtrend keeping cryptocurrency prices at bay.

Read in full https://www.newsbtc.com/2018/11/05/novogratz-bitcoin-to-revisit-all-time-high-in-2019-fueled-by-institutional-fomo/

Novogratz again! Every self-acclaimed expert just want a situation to come where they will tell you 'I told you so' but like someone said, they are just making a clown out of themselves and really, they are all just bunch of clowns, as even my 2 year old son knows very well that no one on earth can see exactly what the future holds.

Well, I do not blame them, I only blame those who listen to them and act on the silly and stupid things they say, because that is exactly what i count everything that comes out of their mouth as.

[crairezx20]

No one will predict bitcoin since bitcoin is too volatile. Novogratz is just the same as other traders out there who predict the price of bitcoin that he doesn't know everything about bitcoin.

His prediction about 40k is too much prediction for bitcoin and I think he is just predicting without thinking that bitcoin is volatile.

No one could predict bitcoin in a single analysis so if you follow his prediction I am sure that you will lose a lot in your investment.

[Slow death]

That's why nobody trusts the crypto "gurus" like Novogratz.
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.

he wants to win reputation, if he hits his forecasts then he earns a reputation and if he misses his predictions then it's okay because no one will care much. Search Google for "Mike Novogratz"

https://www.google.co.mz/search?q=Mike+Novogratz&oq=Mike+Novogratz&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

and see how his prediction is echoing all news channels

Novogratz had famously predicted Bitcoin reaching $40,000 before the end of 2018...

we are in November and the price is $ 6500.

https://coinmarketcap.com/currencies/bitcoin

I ask myself: he make this prediction based on what?