Bitcoin won’t have bottomed until 3K flat level, says Genesis Trading’s Moro

Michael Moro of Genesis Trading and Genesis Capital joins ‘Squawk Box’ to discuss the price drop in bitcoin.

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  1. CNBC could easily bring on Andreas Antronopoulus to explain exactly how bitcoin works in a fake fiat money banking system (which is what we have now) but they dont, they bring on flukees who purposely explain bitcoin in a bad way to get people not to look at this. This is all fake banking establishment trying to get people not to buy bitcoin. This is exactly why you should buy bitcoin.

  2. 21 million bitcoin — the rest of the world makes money out nothing, gold is hard to verify — and people think 4k is too expensive. If every millionaire in world bought a bitcoin the price would fly up. Let a couple of western banks close and you will see bitcoin goes crazy. FORKING BITCOIN does not double the amount of bitcoin — it creates a brand new coin which if you owned the original bitcoin you get for free — but it does not change the amount of original bitcoin. These guys on CNBC are fucking morons.

  3. You shouldn't invest if you don't know what you investing in and you shouldn't talk about something you know noting about. 2 bitcoin lol.

  4. The floor in Btc is NOT the mining cost. The floor is the Hodlers. These people still don't get what this all about. Their's Law; good money drives out the bad, and if no one is willing to hold your money, it eventually goes to zero.

  5. The last 2 months, I have made over $60,000 from Bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought *2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Mark Hall first of, he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and I just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach by **Mail (markhall279@gmail. com)

  6. For Christ's sake, just to get to the point!
    A load of hypothesising before the conversation actually gets to point mentioned in the title of the video.

  7. Either way, it doesn’t matter what is said but what you know and what you decide to do. The fall in BTC is a chance to purchase and start mining or saving. @dinosaurtraderc on IG would help you with whatever you need to know.

  8. #Bitcoin for 36$ back in 2012 for 36000$ and i have still 89% of my Coins #hodl
    The Moderator got paid for to confuse people with Bitcoin Cash and Bitcoin in Mainstream while the most are not even understand what Crypto means…

  9. Michael Moro is insanely patient and he is patient with their stupidity, because he knows how rich he is from cryptocurrency and how correct he is, and how much more money he will make from it. He also knows that these idiotic hosts won't make money off of it because of the way they talk about crypto, and he loves it.

  10. Most techies have some crypto

    Most techies are young

    Most are well paid

    Most big new companies are tech driven

    So what do you think the future holds….

  11. CNBC…. always glad to help you go broke. I know a 14 year old can speak more accurately of bitcoin and it's markets than any of these talking heads right here.

  12. Clueless about BTC, BCHABC, BSV. So friggin rude, forever interrupting the guest. Is not the first time either. And I don’t care if it’s to draw comments, it’s just not professional.

  13. The 3:00 question many noobs don't know.. the tech behind a utxo blockchain and if you dont know that Acronym gtfoh and give ur money back to ur parents or grandma. A fault of bitcoin is the forking of the blockchain because of the open source coding.. open source and one entity controlling mining. Makes BTC look bad compared to other utxo like litecoin and digibyte for example of better utxo blockchains. Remember when it cost 75 dollars in transaction fees to send btc, because the btc blockchain can only do so many TPS.

  14. Thanks CNBC!! For telling us were going straight thru 3k. I have Bitcoin going to $1200 a coin. True bottom is in that area. Im buying everything once we reach that area. I am going to aim for mid 2019.

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