Nick Colas Warns Against Buying Bitcoin Now Coindelite News
Nick Colas Warns Against Buying Bitcoin Now Coindelite News
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Bitcoin analyst Nick Colas tells clients don’t buy just yet
P-REP Proposal; ICON, 20% exposure in top crypto event of 2020, reach 100+ universities/corporate partners (BETTER THAN SLICED BREAD), organized by MouseBelt.
Summary: Event site:https://www.ri2020.io/ Event date: May 18th, 2020 P-PREP Commitment Date: April 30th, 2020 Telegram:u/markusreisner We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto. The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons. Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:
We have enrolled over 100+ partners and universities
With BlockTV’s distribution (we are taking over the site for 1+ months) and our post-conference strategy, this content will reach 5+ million views
Over 5000 people have registered between Eventbrite and Facebook (with 21 days to go, we expect 20,000 people registered)
We have invested $70,000 to professionally produce this 72-hour event with BlockTV
We believe we have surpassed Cointelegraph and Consensus in reach and production quality.
We believe this is the #1 conference in crypto currently.
MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost). The benefit to the ICON community will be:
Owning 20% of the conference “screen time” at a 50% discount
Increased exposure to over 100+ top universities working on blockchain
Partnership with Anheuser-Busch InBev, and Coca Cola for one of our hackathon events (or similar).
We are open to adding as many additional benefits as possible as we are a part of the ICON community
Background: MouseBelt is a popular blockchain ecosystem consisting of multiple parts:
Top 3 global blockchain accelerator, investing into early to mid-stage blockchain projects
MouseBelt as ICON developers: Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network. Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications MouseBelt as a P-Rep: We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education. Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course. REIMAGINE2020, Conference details: Conferences have always been an integral part of the blockchain space to promote projects in the industry. With recent evolutions around the globe, things have changed. They either got canceled or delayed. We have created REIMAGINE2020, a virtual conference. Shared by the ICON Foundation on April 18. We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest. Confirmed partners
Influencers we are reaching out to: Chamath Palihapitiya, Adam Back, Ray Dalio, Andreessen Horowitz, Michael Novogratz, Naval Ravikant, Balaji S. Srinivasan, Su Zhu, Charlie Lee, Nick Szabo, Riccardo Spagni, Fred Wilson, Max Keiser, Winklevoss, Air Paul, Michael Arrington, Peter Schiff, Paolo Adroino, Elizabeth Stark, Marc Andreessen, A. Pompliano, Patrick Byrne, Brock Pierce, CZ, Vitalik, Andreas M. Antonopoulos
3. As far as hard data for "attendees" we have two signals:
5000+ attendees on Facebook and Eventbrite, with 3 weeks to go (13X MORE than Virtual Blockchain Week!)
Attendee list includes a mix of media, university representatives, C-level executives, developers, and startup founders
Nick Colas stated on Wednesday that he had been following the bitcoin price graph for the last four years and he feels that 2018 will experience greater volatility in the background of Bitcoin soaring past 1600% in the current year. He feels that the price of Bitcoin shall linger in between the price range of $6500 and $22000. The price of Bitcoin was around $15750 on Wednesday morning. Nick Colas, the first Wall Street brokerage analyst to cover Bitcoin (BTC) extensively, has urged investors to think twice before entering the crypto market, despite the market’s recent rally, in an interview with CNBC May 4. Colas has a well established reputation among Wall Street professionals, having authored Convergex’s popular Morning Markets Briefing for 14 ... Colas has written Convergex’s popular Morning Market Briefing for 14 years and has a well-established reputation among Wall Street professionals. After the collapse of the market earlier in the year, he rejects the idea that investors may now have the opportunity to pass the action again. Colas shared his worry about the relatively small wallet growth […] Mr. Nick Colas have shown in his research that during the Thanks Giving Day in US and on December 17, the surge of bitcoin. A path breaking research conducted by the co-fouder of DataTrek Research, Nick Colas has found Google Trends in relation to the researches on cryptocurrencies shapes the price fluctuations of a particular cryptocurrency. Colas says search trends “skyrocketed” during the period, rising more than twofold in a couple of weeks alongside the bitcoin price, to nearly $20,000. Of course, the strength in the bitcoin price didn’t persist, and neither did the Google search demand, which showed a tapering off in the days following the bitcoin price high. This is what DataTrek Research’s Nick Colas – the first Wall Street analyst to cover bitcoin, starting back in 2013 – has to say about the recent bitcoin rally, which is still pushing to $10,000 but Sunday has been hit by profit-taking. Basically he’s telling clients to hold off jumping in just yet. Wall Street's First Analyst Urges Caution on Buying Bitcoin. Wall Street's first analyst Nick Colas has new recommendations for investors, and he says to avoid buying it. DataTrek Research co-founder Nick Colas told to CNBC that Buying Bitcoin is not the right time for as of now. So it is better to avoid it.
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