I put a quick off the cuff report together regarding recent statements from Goldman Sachs girl Sheba Jafari claiming "Bitcoin markets could rise as high as $3,900 in the future."
Jafari goes on to say,
"This means that it could remain sideways/overlapping for a little while longer. At this point, it’s important to look for either an ABC pattern or a more triangular ABCDE. The former would target somewhere close to 1,856; providing a much cleaner setup from which to consider getting back into the uptrend. The latter would hold within a 2,076/3,000 range for an extended period of time.”
Now considering Goldman Sachs' involvement in attempting to create a centrally planned cashless society, any involvement in the crypto world should make one suspicious.
Of course Bitcoin long term will run far higher than $4000 USD, but it appears to some that Goldman Sachs is trying to aid their prediction by speaking and then watching a buy-up which will quickly fulfil their forecast.
Every market can be manipulated by massive banks and governments simply by massive buy ups. With that said, it wouldn't make sense for any bank or government to attempt to crash Bitcoin this early on. It would make far more sense when the market cap is higher. Though as it is with gold and silver, as the economy crashes, so does the banking system and the chains will be cut allowing these wealth insurances to skyrocket. So long term we don't have anything to worry about. Besides, it's a little late to actually PUMP the cryptocurrency at the rate it's at today.
The point is, people are sick of the central banking system. They're flocking to Bitcoin and other alt-coins because they're losing faith in the fiat system which is a great way to forecast a major crash in the near future. People are sick of being manipulated.
While cryptos, especially the alt-coin market have seen some bloodbaths recently, this is simply a healthy correction. It shows a great natural cycle as these cryptos take a breather. While there are a lot of phoney banker coins out there, coins like Bitcoin, STEEM, Dash and even Ethereum have a good future in front of them. Golem is looking pretty good as well. Ethereum has some problems and Litecoin doesn't appear to have a cap according to their white paper which is pretty concerning long term, but in the end, we've got a real way to escape the system and it's going to revolutionize the world of trade and true free market capitalism.
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I read somewhere they are only making these stupid statements because their clients got tired of crypto investors making money while Goldman Sachs didn't provide any info on it to clients.
That being said....seems like most wall street analysts change their opinion to buy after a stock shoots up, or sell after it falls. Their analysis is a trailing indicator.
Cryptos are just speculation.... they are handy in the battle against govt control... but if people are serious in protecting their wealth they shoulf stick to they physical stuff that they can hold and see.... cryptos rely to heavily on the net.... if shtf how could you access your bitcoin? Or if the govt puts a shit down? Ill stick with my physical!
Agree but buying-trading-mining cryptos helps support my physical stacking habit.
lol
You aren't going to make a lot of friends on this platform with that attitude, LOL
STEEM On !!
Dave
Not looking to make friends.... there's very little difference between crypto and fiat.... i like cryoto for the fact its out of govt control... but it lacks any real value unlike gold and silver.... crypto only has value for now because its a fad... gold and silver are real wealth.....
Try $5000!
I say START at $5000 and look to the sky! :P
True there is only 21m bitcoin.
"Goldman Sachs is everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
I saw that they even made a presentation on there website about blockchain, so who knows what are they up to.
I posted an article I found on the Rolling Stone Titled: The Great American Bubble Machine, about there involvement in every single bubble so far. Maybe that will be the case for cryptos as well.
Love to see these predictions coming from more reputable sources. Brings much more awareness. We will see the market cap launch here on out!
Great article! You make an excellent point.... what is Goldman Sachs up to? It is important to stay on top of the trends, so that we can react in a timely manner. Those in control will fight desperately to keep control! A crypto-currency is as vulnerable as a physical asset. It only matters what, when, and how the attack occurs.
ok
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/watch?v=aGyi7T3yAm8Another great post!
That means they are planning to sell some bitcoin in the near future when the price rises to around $4k LOL
I agree, it's a good healthy correction. And I really don't like people in the big banks coming in or trying to come in. But it's obvious, that eventually they will. The blockchain is too good, the blockchain will rule all. And they think they can control it, they are and have been planning something.. but it won't work
New reply on "I would say that they need a place to store all of the inflation that is coming home to rest. Just like all other types of inflation they store it in the stock market, and it was getting to inflated so they had to make another storage facility so they created the crypto currencies to disguise the inflation. Every time there is a loss in the crypto it is the destruction of inflation, ever time the price goes up it is the addition of inflation. They will always need a place to store and tuck it away."
I really hope so!
good video i think i will go to 5k
Yes, important banking institutions like GS have the selffulfilled profecy thing on their side. Because they influence people when they talk, and because they fabricate money like magicians and then spend it in the market they said would rise. It´s easy, really, if you have the wand.
What is the logic of a live blog in a forest where you are getting eaten by mosquitos?
I've never understood the live video bloggers who do that?
Otherwise, interesting info. Upvoted
Oh shoot! You've been on Steemit the whole time?! I've been reposting your videos because I was searching for World Alternative Media and found nothing. I will resteem your posts now.
Free Byteball tokens are being offered for Bitcoin holders !
When ever you wish to know what Goldman Sachs are up to? I advise you to ask Trump since he is great friends and surrounded by them :)
Good post and thanks for sharing @joshsigurdson
There is one person that says that BTC will be near 14,000 dollars in February of next year. His name is clif high. He's been pretty accurate in the past about many things but he's also have lots of mistakes. I'd say that maybe he's near 51% right. But it's always interesting to hear what he's got to say