Goldman Sachs, golden slacks
stay away from bitcoin and blockchain
your poisonous privileged prognostications are not wanted
government fiat golden child
should be allowed to fail
tall white handsome suits ultra culture make me vomit
siren song from the mouth of immunity
you are the anti blockchain
nice one...
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interesting!
I'm not one of the biggest fans of Elliott Wave as it is much too subjective for me (it only has 3 basic rules, the third of which is violated in this GS chart BTW with the overlap of i by iv.) I don't think any serious EW technician would concur with that count and would probably lean more towards putting the first series of rallies from late 2015 to late 2017 into a leading diagonal and everything from Jan. 1 of this year into some sort of correction and then the rocket shot higher that I would estimate is close to being in wave 5 by now (if not already) but one degree lower that the GS chart. In any event, hocus pocus speculation and criticisms aside, I am a big Fibonacci fan, but once again I'm at odds with Goldman as my work projects upwards to $5,500 on this year's rally.
Thanks for bringing this to my attention. Always great to know what GS and the Wall Street cabal are putting out.
http://www.businessinsider.com/bitcoin-price-goldman-sachs-2017-6
Indeed. I'm not sure what that signals, mainstream endorsement or is Goldman just trying to look smart for their clients by talking about bitcoin. Either way, they are the anti blockchain.
As for the technical stuff, everything crypto has been on a run. feels like the tech bubble. I paid for college by investing in .com stocks and was lucky enough to get out because I needed to pay tuition. This feels the same. Internet 2.0 for sure!!! A small correction is due, then back up with more and more adoption, regulatory focus and government involvement for better or worse.
I hate GS with passion, biggest crooks ever. This is what they did to Amd.
They have been doing this kind of crap for decades. They are in the pockets of the US government and vice versa. Someone posted on another goldman thread that they are a vampire squid.
Well i still remember in Dec 2007, they had a Goldman senior stock strategist who said that in 2008, the S&P would be up like 14 or 15%. And we all know what happened in 2008. Their predictions aren't worth the paper they're written on.
They make predictions to satisfy clients, not based on anything tangible or real. Just like the analysis they are doing on bitcoin and other crypto currencies.
About the only value they offer is in business deals and in promoting their own agenda.
very informative @mbk, keep it great work
Good going