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Apr 15 - Crypto Billionaire Investor Says ‘Washout’ Coming for Cryptocurrencie



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 4 weeks ago '15        #1
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Apr 15 - Crypto Billionaire Investor Says ‘Washout’ Coming for Cryptocurrencie
 

 
Bitcoin's value has skyrocketed in recent years, shaking off its “underground” image and attracting the attention of big investors, including the likes of Tesla.

The cryptocurrency market faces a “washout” after the listing of Coinbase increased the prices not only of Bitcoin but Dogecoin and XRP as well, Founder and Chief Executive of crypto-focused investment company Galaxy Digital – and billionaire investor – Mike Novogratz told MarketWatch in a virtual event.

"I've seen a lot of weird coins like Dogecoin and even XRP have huge retail spikes, which means there's a lot of frenzy right now, " Novogratz said, adding that it “never ends well, and so we'll probably have a washout at one point.”

He said that there could be some volatility next week, due to the excitement around Coinbase.

Cryptocurrency exchange Coinbase made its Wall Street debut on Wednesday, which turned out to be a massive success, giving the company a market value of nearly $86 billion. The exchange listing also propelled the value of cryptocurrencies including Bitcoin, which hit an all-time high of over $64,000. It's now fluctuating at around $63,000.

Novogratz, however, remains bullish on Bitcoin, saying that it could reach $100,000 by the end of 2021 and may even hit $500,000 in three years.

Last month, Co-founder and former CEO of China-based crypto exchange BTCC -and Founder and CEO of crypto wallet startup Ballet – Bobby Lee said that Bitcoin's value could surge as high as $300,000 with possible gains up to $100,000 this summer, but he warned that it could then fall as much as 80 percent to 90 percent of its value from the all-time peak.

Invented by mysterious figure Satoshi Nakamoto, whose identity is still uncertain, and launched in early 2009, Bitcoin is the world's biggest cryptocurrency by market capitalisation and the amount of data stored on its blockchain.


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visit this link https://sputniknews.com/b .. nbase-listing/
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 4 weeks ago '04        #2
Cali 
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March 2018 BTC dipped till January 2019 ... be aware to make a move. Some say Gold has an inverse reaction to BTC. Would need to Look into this more.
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 4 weeks ago '16        #3
Homer Pimpson 
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We all know the bear market is coming

Ride the wave while its here
+74   

 4 weeks ago '12        #4
FrescoB  topics gone triple plat - Number 1 spot x4
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 4 weeks ago '12        #5
Jo Blow 
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what the fu*k is washout?
+41   

 4 weeks ago '16        #6
BathWaterMelody  topics gone triple plat - Number 1 spot x7
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stablecoins, bi*ches
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 4 weeks ago '16        #7
MulaAve  topics gone triple plat - Number 1 spot x3
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Did he make his billion from crypto?

If not then fu*k what he has to say tbh

These old heads don't know sh*t.

XRP running because they spanking the SEC in their lawsuit

Doge gets mentioned but the gains from doge isn't even noteworthy, doge is popular but sh*t not even doing much. NFT's went crazy. Defi went crazy, not doge. Most aint get in until sh*t pumped, aka Fomo'd in. A lot of y'all bought high and sold low.

edit: for those of u saying u should listen cuz he's a billionaire, Im not even going to quote the plethora of billionaires who FUD crypto and been sh*tting on crypto since 2013 .... y'all listen to these billionaires who sh*t on crypto if y'all want ... y'all just selling ya coins at a discount to them


Last edited by MulaAve; 04-15-2021 at 10:23 AM..
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 4 weeks ago '14        #8
consigliereA 
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fu*k that, hold..

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 4 weeks ago '11        #9
Sin  topics gone triple plat - Number 1 spot x29
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 Homer Pimpson said
We all know the bear market is coming

Ride the wave while its here
or sell and buy again in two years

BTC hit a high of 19k in 2017 then slid down to 3k in early 2019
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 4 weeks ago '20        #10
Bateman 
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I was wondering why ETH was booming these past couple days

Must have something to do with coinbase going public

My ETH doubled in value over the past 4 days 10k worth of shares now at 24k

Thinking of selling then buying back when it dips

Edit: It didn’t double in the past 4 days but it jumped way above $2000 a share making my initial buy in at $1300 double


Last edited by Bateman; 04-15-2021 at 10:27 AM..
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 4 weeks ago '14        #11
consigliereA 
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 MulaAve said
Doge gets mentioned but the gains from doge isn't even noteworthy, doge is popular but sh*t not even doing much
This is an absurd statement..

I’m up $20,000 on doge..





Edit:

👀 it’s worth more now..


Last edited by consigliereA; 04-15-2021 at 01:21 PM..
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 4 weeks ago '18        #12
InfamousJ 
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 MulaAve said
Did he make his billion from crypto?

If not then fu*k what he has to say tbh

These old heads don't know sh*t.

XRP running because they spanking the SEC in their lawsuit

Doge gets mentioned but the gains from doge isn't even noteworthy, doge is popular but sh*t not even doing much
Hes a billionaire. You'd be wise to listen to his advice
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 4 weeks ago '11        #13
Sin  topics gone triple plat - Number 1 spot x29
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 BathWaterMelody said
stablecoins, bi*ches
the allure of BTC is the volitity and quick rises

do stable coins grow gradually or grow at all?
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 4 weeks ago '04        #14
CentsCuZ 
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I hope so, as I would love to buy more at lower levels.
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 4 weeks ago '20        #15
lostOne 
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Bull run is just beginning for altcoins so i expect us to run-up more rather than fall sooner.
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 4 weeks ago '19        #16
JBigDawg  topics gone triple plat - Number 1 spot x1
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The whole point of Bitcoin and crypto in general is to usher in blockchain technology... they wanna track every transaction, every $, and every person
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 4 weeks ago '04        #17
skillahmang 
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Does the news print anything not based on fear
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 4 weeks ago '07        #18
strongthetruth  topics gone triple plat - Number 1 spot x4
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 Bateman said
I was wondering why ETH was booming these past couple days

Must have something to do with coinbase going public

My ETH doubled in value over the past 4 days 10k worth of shares now at 24k

Thinking of selling then buying back when it dips
Your numbers are off. Not saying you haven’t doubled your money but it didn’t happen over the past 4 days. ETH is only up 20% in the past week.
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 4 weeks ago '17        #19
92baby 
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 MulaAve said
Did he make his billion from crypto?

If not then fu*k what he has to say tbh

These old heads don't know sh*t.

XRP running because they spanking the SEC in their lawsuit

Doge gets mentioned but the gains from doge isn't even noteworthy, doge is popular but sh*t not even doing much
Depends on when you got in
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 4 weeks ago '17        #20
Lite  topics gone triple plat - Number 1 spot x2
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 consigliereA said
This is an absurd statement..

I’m up $20,000 on doge..
many people in those dodge threads excited for a 2x.. that statement clearly doesnt apply to everyone

 4 weeks ago '13        #21
FNLNGKG 
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 consigliereA said
This is an absurd statement..

I’m up $20,000 on doge..
u plan to hold or sell famo?

That coin is scary af, I made a few on that 1st run, but sold quickly & regret that sh*t now...

Edit: my fault, just seen ur 1st post...


Last edited by FNLNGKG; 04-15-2021 at 10:09 AM..
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 4 weeks ago '16        #22
MulaAve  topics gone triple plat - Number 1 spot x3
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 consigliereA said
This is an absurd statement..

I’m up $20,000 on doge..
Don't mention the dollar amount you're up. Mention the %

Its a bull market, EVERYTHING is going up. Casuals only know about doge but doge isn't the MVP of the bull run like y'all make it seem lmao
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 4 weeks ago '04        #23
Cali 
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 Bateman said
I was wondering why ETH was booming these past couple days

Must have something to do with coinbase going public

My ETH doubled in value over the past 4 days 10k worth of shares now at 24k

Thinking of selling then buying back when it dips
It Could but ETH is a legit coin, reason JP Morgan Chase adopted it. So there could be other factors. Unlike doge coin which I refer to as a dog with no legs.
Looking at these coins for years and doge coin never piqued my interest so I won’t buy into the hype nor the reason.
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 4 weeks ago '15        #24
Prad Bitt 
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Intrinsic value = 0 where it will return
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 4 weeks ago '04        #25
goodi  topics gone triple plat - Number 1 spot x2
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 CentsCuZ said
I hope so, as I would love to buy more at lower levels.
and this is what people fail to realize lol
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