bbc.reporter (OP)
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April 13, 2020, 01:38:45 AM |
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I am happy about his optimism. However, similar to other speculative investments, bitcoin also abides by a similar level of uncertainty like the stock market, does it not? The level for bitcoin might also be higher. Pantera Capital co-founder and chief executive Dan Morehead says he believes Bitcoin will explode in a matter of months.
In a new episode of What Bitcoin Did, Morehead says he expects central banks to steadily debase fiat currencies in response to the coronavirus crisis, leaving investors to seek alternative assets with a fixed monetary supply. The Pantera Capital CEO describes the devaluation of the UK pound sterling as an example.
Meanwhile, Morehead expects the stock market to struggle big time. He says that an immediate V-shaped recovery many are hoping for is not going to happen.
“I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.”Read in full https://dailyhodl.com/2020/04/12/pantera-ceo-says-bitcoin-btc-will-explode-in-three-to-nine-months-warns-equities-wont-see-v-shaped-recovery/
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exstasie
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April 13, 2020, 02:07:16 AM |
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Pantera Capital co-founder and chief executive Dan Morehead says he believes Bitcoin will explode in a matter of months.
That is not Dan Morehead or anyone who has anything to do with Pantera Capital. I think it's some actor named Branden Miller. What is your process when choosing these pictures? A little due diligence please. “I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.” I agree with him there, but given that BTC just follows the stock market, it won't be a V-shaped recovery for BTC either. I'm not sure when BTC will finally diverge from the rest of the market, but it might not be until the recovery phase of this economic crisis. Q4 or maybe even next year.
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Jating
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April 13, 2020, 04:30:48 AM Last edit: April 13, 2020, 06:00:07 AM by Jating |
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@exstasie - You never learned from @bbc.reporter when he is posting pics, remember his Tom Lee's pics here? Tom Lee, from bitcoin bull to bitcoin bagholder, it could be misleading though for newbies. I'm also very bullish on bitcoin regardless of the Covid-19 pandemic, one thing that we still have is the bitcoin block halving. Yes, bitcoin is one speculative asset but if you can ride the waves then why not?
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kotajikikox
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April 13, 2020, 05:37:17 AM Last edit: April 13, 2020, 06:16:46 AM by kotajikikox |
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I did remember that thread when He posted a wrong Photo of "Tom Lee" in being quoted But was been edited because of some clarifications from posters. I'm also very bullish on bitcoin regardless of the Covid-19 pandemic, one thing that we still have is the bitcoin block halving. Yes, bitcoin is one speculative asset but if you can ride the waves then why not?
Majority of us here are Bullish(Even sometimes frustrations comes because of lowering prices) but we are not losing hope because we have already seen many bear market like this before.
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buwaytress
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April 13, 2020, 09:58:23 AM |
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@exstasie think we know by now bbc.reporter does not really come close to the standards of a BBC reporter. There's probably copyright infringement on just using stuff like that.
@slaman29: Yeah, Pantera, Schmantera. Is random price prediction for thought leadership appearance still a thing? Thought we consigned meaningless influencer predictions on podcasts to 2019. Though I suppose his firm is all about speculation.
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Reid
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April 13, 2020, 11:30:42 AM |
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“I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.”
I agree with this last line and somehow I am being dragged by the optimism so I think it is a good thing to be spread. What complicates things is when this virus will be stopped. By that, I mean totally annihilated in the face of the world. It seems like as it takes longer the financial industry could way down and I think bitcoin will also be affected by it. No doubt. So, the summarize time of about 3-9 months could go way longer like a year or maybe a couple. Maybe it aint a perfect V but more like a widen one or maybe a W. Let us not forget about the halving, there is still a chance a hype may happen. Is he still doing it like an April Fools?
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hugeblack
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April 13, 2020, 01:57:56 PM |
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“I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.” I do not think that betting on this will be completely correct, as there are many scenarios that have not been resolved yet, including that the rapid recovery from the economic effects of this pandemic will restore confidence in govs, and therefore we may witness a rapid return (V shape.) "Perhaps success in getting rid of the economic consequences before the beginning of June." Therefore, all expectations are linked to the return of the economic recovery, the solutions that governments will follow, and whether or not a recession will occur. Note that we have not had such problems since the creation of Bitcoin, so the analyzes will not be accurate.
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LFC_Bitcoin
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April 13, 2020, 02:09:56 PM |
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Governments have been endlessly printing money, traditional investments will see low rates of annual interest, worldwide economies are fucked.
The halving is in literally one month, we’re halving the supply of new coins unlike governments who are printing more & more useless fiat.
Of course bitcoin is going to explode, limit the supply, increase the demand = MOON.
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justdimin
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April 13, 2020, 04:14:33 PM |
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Lol that picture was really off putting and I didn't really understand the relevance, first I saw that and I said if THATs the ceo then I wouldn't really listen to him and or what he says, that person must be crazy. Then I googled and he is not the ceo at all, and then I came here to read the responses and it turns out he is an actor and frankly actors do go into costumes so that makes more sense and that person in the picture could be sane, just acting. However like exstasie said that has nothing to do with the topic or the person so why would you choose something like that . It literally drops the credibility of the dailyhodl website to spread around stuff like this to create clickbait articles with clickbait images to get more people to their websites.
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The Sceptical Chymist
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April 13, 2020, 04:20:10 PM |
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That is not Dan Morehead or anyone who has anything to do with Pantera Capital. I think it's some actor named Branden Miller.[/url] What is your process when choosing these pictures? A little due diligence please. Thank you for bringing that up so I wouldn't have to for the millionth time in OP's threads. Never heard of Pantera Capital, but it doesn't really matter who they are and I don't trust public announcements like this from investment firms or money managers, because it always strikes me as a bald-faced attempt at hyping an asset that they likely own. It's also only one person/company's opinion, and for every one of those you find that tells you bitcoin is going to spike there are probably hundreds of others telling you the opposite. The truth is that none of them know for sure, so it's all noise. Lol that picture was really off putting and I didn't really understand the relevance
There is no relevance, and I'm putting OP on ignore for constantly using irrelevant images.
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exstasie
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April 13, 2020, 08:09:21 PM |
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“I think this is the most complicated and really crazy environment that I’ve ever experienced. There’s so much uncertainty. The only thing that I’m certain of is it’s not going to be a V-shaped recovery.” I do not think that betting on this will be completely correct, as there are many scenarios that have not been resolved yet, including that the rapid recovery from the economic effects of this pandemic will restore confidence in govs, and therefore we may witness a rapid return (V shape.) "Perhaps success in getting rid of the economic consequences before the beginning of June." Therefore, all expectations are linked to the return of the economic recovery, the solutions that governments will follow, and whether or not a recession will occur. Now that the shutdowns have been extended everywhere, and there is an expectation this will continue for months, a rapid recovery seems unlikely now. This is the projection from Morgan Stanley:Optimistically, they expect a staggered return to work in June-July but they also expect social distancing to continue, and that lots of workers will still be out of work. They acknowledge a vaccine is the only true hope of solving the pandemic, and that it won't be coming for a year or more, leading them to conclude: This view on the delayed peak and slow return to work has led our US economists to revise their US forecast to a return to pre-COVID-19 levels not until 4Q21.
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milewilda
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April 13, 2020, 09:43:22 PM |
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Never heard of Pantera Capital, but it doesn't really matter who they are and I don't trust public announcements like this from investment firms or money managers, because it always strikes me as a bald-faced attempt at hyping an asset that they likely own. It's also only one person/company's opinion, and for every one of those you find that tells you bitcoin is going to spike there are probably hundreds of others telling you the opposite. The truth is that none of them know for sure, so it's all noise.
Its nothing new yet we have seen countless of these kind of calls when it comes to price speculations or predictions.The difference here is that they do have that louder voice due to their reputation but actually those speculations are just generic just like any other speculators into this market. We can say all we want but as said that all of those are just noise and theres no guarantee that it can happen precisely. Optimistically, they expect a staggered return to work in June-July but they also expect social distancing to continue, and that lots of workers will still be out of work. They acknowledge a vaccine is the only true hope of solving the pandemic, and that it won't be coming for a year or more, leading them to conclude:
As long the vaccine wont be created then its expected that the more months would pass the more chaotic the world it would be.I cant imagine if this one would last for a year.
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adaseb
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April 13, 2020, 09:59:40 PM |
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Well generally what he is saying is what most people are speculating will happen.
In the near term, bitcoin might suffer due to the correlation with stock markets. However with the unlimited QE and inflation about the hit the markets, assets such as bitcoin especially with the halving will really begin to take-off.
Issue is that it won't happen in the near term. Too many people are overly bullish because of the halving date next month, however it might not have an effect until maybe 6-12 months later.
First we need the corona virus numbers to start to flatten and go down or have some vaccine which is near approval. The next few months are very uncertain for many people.
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exstasie
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April 13, 2020, 10:04:36 PM |
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Optimistically, they expect a staggered return to work in June-July but they also expect social distancing to continue, and that lots of workers will still be out of work. They acknowledge a vaccine is the only true hope of solving the pandemic, and that it won't be coming for a year or more, leading them to conclude:
As long the vaccine wont be created then its expected that the more months would pass the more chaotic the world it would be. I cant imagine if this one would last for a year.Prepare yourself. Vaccines typically take 5-10 years to produce and get approval, not to mention the scale it will take to vaccinate potentially billions of people. https://www.nationalgeographic.com/science/2020/04/why-coronavirus-vaccine-could-take-way-longer-than-a-year/The mumps vaccine—considered the fastest ever approved—took four years to go from collecting viral samples to licensing a drug in 1967. What that means for a COVID-19 vaccine: Considering the history and science behind making these drugs, “a year to 18 months would be absolutely unprecedented,” one expert warns. It's never been done before. 12-18 months is the absolute best case scenario, assuming everything works out perfectly. It also means skipping lots of safety measures, which is a pretty terrifying idea considering we're talking about injecting biological material into billions of people.
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bittraffic
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April 14, 2020, 03:11:14 AM |
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Optimistically, they expect a staggered return to work in June-July but they also expect social distancing to continue, and that lots of workers will still be out of work. They acknowledge a vaccine is the only true hope of solving the pandemic, and that it won't be coming for a year or more, leading them to conclude:
As long the vaccine wont be created then its expected that the more months would pass the more chaotic the world it would be. I cant imagine if this one would last for a year.Prepare yourself. Vaccines typically take 5-10 years to produce and get approval, not to mention the scale it will take to vaccinate potentially billions of people. https://www.nationalgeographic.com/science/2020/04/why-coronavirus-vaccine-could-take-way-longer-than-a-year/The mumps vaccine—considered the fastest ever approved—took four years to go from collecting viral samples to licensing a drug in 1967. What that means for a COVID-19 vaccine: Considering the history and science behind making these drugs, “a year to 18 months would be absolutely unprecedented,” one expert warns. It's never been done before. 12-18 months is the absolute best case scenario, assuming everything works out perfectly. It also means skipping lots of safety measures, which is a pretty terrifying idea considering we're talking about injecting biological material into billions of people. Longer than a year! Many will probably die of hunger by that time. Meaning BTC would not moon after 9 months still and the longer we suffer due to this lockdown. When there is a crisis, this halving will not matter anymore because investors will just liquidate all. The charts seem to look good but if Covid will still exist we'll gonna experience for the first time the price dropping while there is halving.
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bbc.reporter (OP)
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April 14, 2020, 03:37:37 AM |
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@exstasie. I showed that picture to express how I feel on what Dan Morehead has said hehehe. He might be correct about the stock market, however, he might be wrong on bitcoin. Investors might be conservative and invest in safe bluechip stocks first before volatile speculative investments similar to bitcoin.
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Juggy777
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April 14, 2020, 07:08:52 AM |
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That is not Dan Morehead or anyone who has anything to do with Pantera Capital. I think it's some actor named Branden Miller.[/url] What is your process when choosing these pictures? A little due diligence please. Thank you for bringing that up so I wouldn't have to for the millionth time in OP's threads. Never heard of Pantera Capital, but it doesn't really matter who they are and I don't trust public announcements like this from investment firms or money managers, because it always strikes me as a bald-faced attempt at hyping an asset that they likely own. It's also only one person/company's opinion, and for every one of those you find that tells you bitcoin is going to spike there are probably hundreds of others telling you the opposite. The truth is that none of them know for sure, so it's all noise. Lol that picture was really off putting and I didn't really understand the relevance
There is no relevance, and I'm putting OP on ignore for constantly using irrelevant images. @The Pharmacist those pictures used by bbc.reporter are often used to drive a point as I have seen in her other threads, and now she has confirmed my theory too about those pics. Also as for this comment I would advise you'll to take it with a grain of salt, and do your own due diligence as these people will say anything to gain public attention. @exstasie. I showed that picture to express how I feel on what Dan Morehead has said hehehe. He might be correct about the stock market, however, he might be wrong on bitcoin. Investors might be conservative and invest in safe bluechip stocks first before volatile speculative investments similar to bitcoin.
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davis196
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April 14, 2020, 07:24:03 AM |
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Basically,Dan Morehead says nothing new. The Bitcoin price might explode,or it might not.There's a huge uncertainty in both crypto and stock markets and the crisis won't be V-shaped(something most of us already know).For some reason,he thinks that central banks will be more favorable towards cryptocurrencies.I wonder why?Does he have some secret insider information about what central bankers think in regards to Bitcoin & altcoin adoption?I don't think so. Stock markets will recover slower than crypto markets,because many companies are will be under lockdown for months.
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mahilchii
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April 14, 2020, 11:15:03 AM |
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Here comes another John McAfee, where the entire predictions of him went wrong. I think this will not even impact 1% on BTC everyone knows it is a precious asset such speculations turn around only if BTC goes down, The entire globe is suffering from COVID-19 also in most of the countries they are extending the lockdowns which has caused a stir among people. Guys halving is nearing do not hesitate to buy as much as BTC you can
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whyrqa
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April 19, 2020, 11:49:24 AM |
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Here comes another John McAfee, where the entire predictions of him went wrong. I think this will not even impact 1% on BTC everyone knows it is a precious asset such speculations turn around only if BTC goes down, The entire globe is suffering from COVID-19 also in most of the countries they are extending the lockdowns which has caused a stir among people. Guys halving is nearing do not hesitate to buy as much as BTC you can It is very difficult to perceive any forecasts, if in most cases they do not correspond to reality. But in fact, according to statistics, halving brought very good results last time and therefore it is really better to buy Bitcoin now in anticipation of the next bitcoin halving. In addition, cryptocurrency assets should improve in price because of their demand, since in crisis situations, cryptocurrency can become an asset for rescue.
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