Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 03/11/2018, 01:08:38 UTC
Can someone make Arthur Hayes shut up ?

https://www.ccn.com/bitcoin-price-bitmex-ceo-doubles-down-on-bear-call-says-btc-could-fall-to-2000/

Quote
CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook.

How the does he know that?
Trace Mayer was saying that market would go to 28K, it went to 20K and stopped cold.
Now Trace is saying that 3.5K is possible, however, maybe it's already done it's bear cycle (mostly).

Nobody knows what the market would do, and if they do, ostensibly, they are not going to tell us.

Is 2k possible. maybe, but is it likely-f, NO.

From where are you getting the Trace Mayer assertion of $3.5k is possible?  Is that a recent statement, and what is the context of such statement? 

As you have already astutely asserted, I think that both of us have recognized that there is a decent difference in the picture that might be portrayed between purporting that some BTC price movement is "possible" and ascribing "likelihood" to that same BTC price movement.

Trace...where?
here (my bad, not 3.5, but rather 3K):
https://twitter.com/TraceMayer?lang=en

he is wrong, IMHO.