Standpoint Research’s Ronnie Moas: Bitcoin At $28,000 By The End Of 2019

Bitcoin may reach $28,000 dollars by the end of 2019 according to Ronnie Moas, founder of Standpoint Research. This bullish statement has been made in a moment when the cryptocurrency market fell under $200 billion dollars.

However, this is not what all the experts involved in the market believe. For example, Vitalik Buterin, during a conversation with Bloomberg, said that he market would not see another 1,000-times growth in the future anymore.

Moas explained that the current drop in the crypto market is related to retail investors that are selling their funds since the top 1% is scaring them. In a series of tweets, he gave his point of view about the market and how he believes that the price will certainly grow in the future.

Sad to watch the top 1% scare the crap out of you | separating you from your $BTC #bitcoin & keeping the gap between rich & poor | Reiterating $28,000 target for end-2019 | Do Not take a bet you can't afford to lose | I surround myself w/ #brightest minds & they all agree w/ me

— Ronnie Moas (@RonnieMoas) September 9, 2018

Billions of $ in $BTC #bitcoin has traded in the last week … smart $ … Institutions & Top 1% are buying as they did in 2008 stock market crash | small investors are selling … sad | You caught the move from $600 to $6,000 … you will miss the move from $6,000 to $60,000.

— Ronnie Moas (@RonnieMoas) September 9, 2018

$BTC #bitcoin #crypto | Enough with the charts bullshit | Buy and Hold … Add on Dips | technical analysts do not like it at $6,000, but they will like it at $12,000? | what a crock of shit | yeah … follow their lead … buy one for $12,000 instead two for $12K today (sarcasm)

— Ronnie Moas (@RonnieMoas) September 9, 2018

The famous expert said that the top 1% and institutions are buying the dip. Something similar happened during the 2008 stock market crash. At the same time this happens, small investors sell their assets, increasing the gap between the richest and the poorest.

He then advises investors to ‘buy and hold.’

“You caught the move from $600 to $6,000 … you will miss the move from $6,000 to $60,000,”

he wrote.

Another twitter user known as Omar Bham, compared Bitcoin charts from 2013-2015 with Bitcoin price since November 2017 until today. He explains that crypto prices repeated fractal patterns. Now is the moment when prices hit their lowest point and start moving upwards.

I'm stoked. Crypto price markets have been repeating fractal patterns, and the beginning of 2015 is when I seriously began buying Bitcoin to hodl. Well, it seems like we're again back at that point- the point when prices hit their lowest, and began trending upwards.
.
.#bitcoin pic.twitter.com/IF1nu85qux

— Omar Bham (Crypt0) (@crypt0snews) September 8, 2018

Another expert at Weiss Ratings, Juan M. Villanuevo, explains that Bitcoin moved up from February 2013 to April 2013, and in just one week, Bitcoin crashed. For the future, the next bull run will affect investors in a different way. Due to the fact that the market will have more liquidity, the ascending period and further correction will be less extreme.

At the moment of writing this article, Bitcoin is traded above $6,400 dollars. Ethereum is still operating down with a 5% decrease in 24 hours.