Mike Novogratz: “Bitcoin is unlikely to fall even lower”

[KingScorpio]

Too much of these speculators that doesn't even hit the right prediction that they have been said. Almost everyone was trying to predict the right amount or pumps and dumps but none of them hit it straight. We should follow the news and lead of the chart if we want to know the future that awaits to us in cryptocurrencies.

how about checking the amount of bitcointalk website visitors
https://www.similarweb.com/website/bitcointalk.org#overview

it correlates quite well with the price.

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[kamBlanV]

I do not really believe all analysts. They are constantly trying to guess the course, and when they guess, they talk everywhere that they had previously said that it would be so. But when they make mistakes, nobody pays attention to it. Almost all analysts give very vague forecasts that later no one blamed them. No one knows exactly what will happen next with the market and when the real growth will begin. Novogratz is quite cautious in his statements, because he is quite clever and cautious.

i believe analysis. but not fake analysis. real analysis is an analysis that has strong and justifiable arguments. so analysis is not just an expectation. it only makes us doubt and panic. traders and investors need analysis. without analysis they will lose.

[blackhawkeye1912]

Yes, bitcoin had reached the bottom for this year and will not fall further. Actually it is on the rise now. From $3,400 it had rise already by more than 20% since then. An average of 8% increase per day will surely be a good recovery towards the end of 2018. The bulls are here and they are very oprimistic of the current rise.

[Ultimist]

This is good that despite this situation in the market, people still continue to believe in bitcoin. He is not the only celebrity who speaks positively about cryptocurrency and sees potential in them. This is undoubtedly a very good impact on it, because people are used to trust influential personalities.

[tomahawk9]

This is undoubtedly a very good impact on it, because people are used to trust influential personalities.

This is a cognitive bias, and it's called "Authority bias", which is the tendency that people have to follow what someone with 'status' in a specific matter says.

Now, like some others have said, Novogratz doesn't have the best record at making right predictions when referring to the bitcoin price, so I'm pretty sure that bitcoiners don't care about what this guy says, however, it'll be interesting to see if the average joe will be influeced by what he said and will start  keeping an eye out on the bitcoin price, it'll be positive if these sort of statements from highly influential people can spark a bit of curiosity among the general public.