Bitcoin Forum

It appears our bitcoin bull turned bitcoin bagholder is presently one of the speculators who was catching all the ETH that were dumped in the market hehehe.

In any case, I am more optimistic of his predictions on bitcoin than of Ethereum. EOS is holding $4 billion in ETH. Other ICOs hold more than $100 million in ETH combined. That would be too hard for the ETH market, I reckon.

https://www.hdrinc.com/sites/default/files/styles/people_thumbnail_large/public/2017-04/tom-lee.jpg

The last four out of four times it lagged its peers that badly, by two standard deviations, Lee said ether saw a “major trend reversal.”

“We believe Ethereum is about to stage a trend reversal and rally strongly,” Lee, managing partner and head of research at Fundstrat Global Advisors, said in a note to clients Thursday.

Lee meanwhile “believes sentiment is currently overly negative on ETH.” While it has underperformed its peers by two standard deviations, Lee said that’s “a sign of capitulation.”

The former J.P. Morgan Chief Equity Strategist said the cryptocurrency was “dogged” by a heavy supply being sold from EOS, which built its platform on ethereum then switched it to its own new token. Lee also highlighted questions about its blockchain technology’s road-map and “panic selling” by ICO teams.

Read in full http://www.cryptoquicknews.com/beaten-down-cryptocurrency-ether-is-about-to-rally-strongly-says-wall-streets-tom-lee/

Tom Lee is a smart analyst. In any case, not just Ethereum but most cryptos are very oversold and will go up hard on any good news or other reason.

I would not be surprised but essential improvements aren't here just yet on the technological side but they are on their way at which point you may be able to expect an increase in value

It has recently been oversold which is obvious and is still in that range so investing would not be an unwise move

This is not surprising when the ripple shook  positions. It is clear that you need to take active action and further development and modernization will be the right step to cut off a lot of competitors.

I hope Tom Lee predictions don't miss and can happen soon.

I was so confused to see the developers, why did they panic sell? Ridiculous, even though they themselves use the ethereum platform, that means they believe.

I don't know why people are only concerned about the sellers but the buyers are also disappearing, if people can buy Ether at $1000 why are then not willing to buy it when is now $200. What do people expect in a competitive market. I think it would be difficult to see Ether again at $500

I agree with him. The crypto market is oversold and almost everyone is pessimistic. Most of the ICOs have already dumped their Ethereum and it seems that the market is dead. It is a good opportunity to buy cheap ETH and wait for the rebound.

we are very close to the point when the whales of ethereum eventually stop shorting it and start their reversal to finally start pumping it again but right now i don't see any signs of them anywhere in the market. for now they are either pumping other altcoins and enjoying the profits (ENJ, GAS, ETN for example that got pumped recently) or they are shorting ETH and enjoying the monetary gains that it is giving them.

not to mention that at this point there are a lot of bag holders and ICO tokens that are waiting for even a small recovery to dump and recover a small part of the large losses they have sustained so far.

I think statements like this are made as much to encourage a price move as to actually predict one, so I don't take that much notice really.
However ETH does look low relative to other crypto projects, and plenty of people (myself included) wouldn't be surprised to see a price rise.

i think Tom Lee is starting to say what people want to hear!

you can clearly see from the topics about ethereum for the past couple of months that people are getting too desperate for an ETH pump and they believe anything at this point that you tell them.

sounds about right. Desperation can get people to believe anything they need to believe to feel better about their situation. I hope he is right but I also think he is just saying what people wants to hear. good marketing strategy.

The answer is quite simple because they have been wasting a lot of their money to buy ethereum when it was around $1k that doesn't make sense to put more money when you are in the big lost due to the bearish trend of the cryptocurrency itself. it will be so difficult consider about the bitcoin is so stable right now because it was following bitcoin,

and also the incident when the eth price falls to $ 190 can be an adverse effect on investors, there is little fear to buy the current price

I really can not believe the words of the Wall Street Journal. There are a lot of people who invest in securities that go bankrupt because of the rumors of these giants. I think we should believe in ourselves better. ;D

ya. after 1 years I see many ICO buy a post on Forbes very easy so I think WSJ maybe the same type as Forbes

I do hope it's true. With a big price crash on ETH and because of the negative feedbacks from traders on its slow transaction yet big transaction fees, some new to crypto were in doubt to buy lots of Ethereum. We need new investors, traders and users to pump up ETHEREUM price.

I agreed with the whole review but some facts are not true. As I see recently the richest ICO wallets do not sell any ETH on this dump. No panic sell exist. But tons of FUD were. And many articles with negative also were. And today's correction is a simple 'rising sun' of ETH again. Try to learn how many innovations will plan. That's why I don't have doubt about ETH price

The question is whether it is a capitulation of ETH or the whole market... If the market goes deeper then also ETH won't get much of an upside movement...

There are so many predictions about price and future of ETH but at the moment price of ETH is still really low so I don't think one more prediction about price of ETH will help ETH rise back quickly although it's a prediction of famous people in this world. I don't care about prediction, I just care about what I can see everyday on Coinmarketcap and from the price chart

I strongly agree, that Eth is underperorming hardly, and the falling is close to stop. Expecting rise afterwards, as I feel its oversold right now.

ETH is one of the most promising buys you can take right now. It's down from all time high around 80% and now very cheap to buy. If it will reach all time high again you can have already x4 profits and it will go for more if it reaches all time high.
Hopefully Ethereum can keep this promise.

I had the pleasure of interviewing Tom Lee at a conference over the summer. https://nulltx.com/renowned-investor-tom-lee-optimistic-on-blockchain-particularly-for-finance-and-gaming/

It's important that people realize Tom Lee isn't just any analyst, this guy is arguably the best research analyst of the past two decades. He bet big on cellular before it took off, he bet big on dotcom after the bubble, and he bet big on real estate after it bottomed out. Now he is betting big on crypto. He knows his shit, that's why he's been ranked as a top 3 analyst every year in the past 2 decades.

@jeffthebaker. That is a good interview, I hope you make more on developers. But you know us in this forum, we like to poke fun on analysts and the newsmakers hehehe. I know Tom Lee is a good analyst but do you agree on his $20k prediction by end of 2018 for bitcoin?

Also, I reckon no one read my comment about this news. EOS is surpressing Ethereum on the market but many of the replies are positive. ::)

Im Hoping that tom lee speculation is true, so im gonna become rich before end of this year

That's true as those team need to compete each currency and no doubt ethereum will not allow ripple to overtake them as they will do to pump the ether price. Let's wait and prefer to hold our ether for the next move and we need to ride them to get our profits.

sometimes what we want cannot necessarily be a reality and what we don't need becomes reality.
Likewise with the ETH with the declining value of the ETH in a few days, might just as a stepping stone to jump higher.

And Im strongly agree of his predictions once bitcoin rebounds to $10k+ some institutions also entering the crypto markets and ethereum is the one who will go with btc, ethereum only declines because fo this ICO teams saving their money converted into safe destinations to avoid losses I believe once the market rise again they will go back again  and convert to eth more exciting happenings into the cryptomarkets in the next few months big players are going in.   

This is where I talk about the effect of the influential people over the media. Slight uncertain or ambiguous news about anything on the print media can change the investment pattern in moments. If your state TV tries to promote ETH in abc country, trust me it will run out of supply. So we should rather stick to the market indicators and invest keeping in mind the market data. Besides, it is an open secret that ETH will recover.

Not exactly a "crypto developer" but I had one with Steve Wozniak from the convention as well: https://nulltx.com/exclusive-interview-apple-co-founder-steve-wozniak-talks-blockchain-reveals-upcoming-involvement-with-crypto-startup/

I think it's pretty evident that much of Ethereum's run up throughout 2017 was from people purchasing ETH to buy ICOs... Of course, this goes both ways, and EOS and others likely are creating a strong negative sell pressure on ETH. However, I do not think this is sufficient in keeping Ethereum down as it's still the #1 platform being used by mainstream corporations and Fortune 500s. Is it the best in terms of performance? Not necessarily. But similar to how Bitcoin is King of crypto 1.0, Ethereum is king of the 2.0 generation.

I personally see the $20k prediction as quite optimistic with just one quarter of the year remaining. However $20k will be shattered in the next run up- which will not take a very long period of time from start to finish. If we see new money entering by start of December I see this happening. With NSADAQ and Bakkt coming to fruition by end of year potentially, this is possible. Lee seems to put a pretty strong emphasis on the role of an ETF or other means for institutions to buy Bitcoin.

This might be true and might be not. There's no certainty when it comes on cryptomarket given that consistency is not present with any of the cryptos. This is just pure speculations and logical predictions so therefore, assurance is lacking. What we should do snd mind more is holding at times like this and having the patience to wait until the market starts to recover.

We see a number of signs regarding the bull season, but it will be in vain to wait for the bull season as long as there is no hot money with new investors. I expect the Ethereum to make a good exit during the expected bull season, but may react a little later than the other crypto coins.

In fact, EOS can well lower the price of eth and raise their own but I do not think that it is beneficial to them or it just does not make sense ! eth will not lie on the bottom and as soon as the news background goes it will take off !

It is certainly true that influential individuals can have an effect on coin price, and equally many people believe that crypto in general and ETH in particular are readying for the next bull run.
I am cautiously optimistic, but we shall see as crypto price movements can easily make our predictions look foolish. We are still in a young and volatile market after all.

A lot had already express their speculation about bull rally coming but its not happening yet. There's got to be be something they are waiting other than us buying more for their bull trap. I'm not buying yet this news even the reputable traders aren't giving their opinion whether this is going to rise up from now. What I only believe though is that XRP is the only making its way.

I'm familiar with rumors like this. It does not make me feel excited. The most important thing now is that I need to improve my market analysis skills more. My sincere advice is not to listen to the sharks, you will easily get swallowed. ;)

Is Ethereum really being used by mainstream corporations and Fortune 500 companies? I reckon if they are using it, it might only be experimental and they might have stopped experimenting in it by now hehehe.

In any case, if you are referring to the Ethereum Enterprise Alliance, I reckon they are building their own platform based on Ethereum's code?

EOS team is holding $4B in ETH so they have the ability to make a big dump of ETH, and use that power to overpass ETH on the market. EOS made unfair competitions with ETH, there are many allegations about this. I don't believe that EOS's fucking tricks will win over ETH.
https://cryptoslate.com/ethereum-network-under-assault-gas-price-manipulation-may-indicate-covert-eos-attack/
https://www.reddit.com/r/ethereum/comments/8z2gor/its_now_clear_eos_is_behind_sybil_attack_on/

The best thing like you have said here is to be optimistic and be cautious at the same time. If we are to look at the sentiment in the market and the bullish nature some of the altcoins are already showing, it is normal to start assuming that the alts are back or they are prepping up to start another bullish journey.

Moreover, this is one thing we will just have to wait and see how things would pan out. I believe regardless of the whole EOS sentiments, ETH will still always have a place and a community in the long run, and we even all know that this is a highly speculative market, so it is not like the possibility of seeing even shit coins go bullish is not there, let alone, seeing ETH go bullish.

I think all of us hoping it wolould be true  and we'll see bull ethereum run in next few month. Amin!)

I don't expect a reversal anytime soon, there's nothing that could trigger such thing other than a possible reversal in Bitcoin. I think Tom Lee is just trying to trigger a bit of FOMO from investors so that price shoots up, with enough momentum, there might a be a possibility that prices will spike, but it's all speculation.

Oh, absolutely. I think he already knows he's a crypto influencer and well-known Bitcoin bull, he knows that he could influence a lot of people by saying whatever they wanna hear, whether it is correct or not what he says is a different story, but the guy knows what he's doing-

The signs are actually glaring technically and I won’t be surprised to start seeing the altcoin market exploding very soon.
Tom Lee is a great analyst, and it is obvious to see that the market is trying to gear up for some movement upward, but I guess at the same time, only time can really tell how things would end up in the long run. I am also looking to see Ethereum make some good run as well in this last quarter.

Hopefully even if we do not get to see a new ATH, we could possibly go test the previous one but if we are to go with the rally with respect to Tom Lee, I would say, in that case, I had just keep my fingers crossed to see how the trend takes us.

Great post! I can't believe i got into an argument with you previously.

Anyway, this is good news for Ethereum and i echo the sentiment that ETH is about to do a trend reversal and "rally strong." All indicators point to growth and the intrinsic superiority of Ethereum's technology is always a good support for these claims. I'm buying more ETH today.

I think Tom Lee saw the milestone of Ethereum. ETH is trying to be more industrialized and developed as a stepping stone for price elasticity.

I don't think so. ETH will easily be at $500 in a bullrun. For your info, ETH has its own usages. Otherwise, ETH would be now at $5-$10. If there have no usage, how ETH came back from $170 to current position. Most of the people said at that time, ETH will be even more lowered but it was not.

Is he a fortune teller or something? I'm always reading his name on crypto related news and most of them are about predictions. Part of his predictions might come true but based on what I also observed on tradingview website, those predictions of pro traders are still a prediction. It may happen or it can not, depending on the scenario or news that pops out. Tom Lee is just using his word of mouth for his own benefit and I am pretty sure that he also hold thousands of Ethereum.

He might also be holding a big bag of Ethereum. I reckon he might have bought during the time when EOS and some of the other ICOs were dumping hehehe.

If that was really the scenario, then who was scammed in that storyline?

this statement from Tom Lee could increase the public's confidence to return to ethereum and if successful it seems like a new pump will begin. but don't be too happy and prepare anticipation so you don't get stuck.

I believe Tom Lee has analysed the market correctly because he has speculated situations perfectly in past as well . 
It is obvious truth that when a coin gets down to its extreme low level, there remains only one way that is to surge up

Coming from someone who has been bullish with bitcoin and ethereum would really make sense to increase and boost people's confidence by investing to this coin. Don't be overhype with the current encouraging words coming from him and other bullish people to specific coins. But at least we've got some ally in the market instead of having those negative words from popular rich people in the world.

I could like to know when this rally will be over and when another bull run will commence.  Lee has been positive on cryptocurrencies but it seemed the strong bearish market has affected his bullish disposition.  However,  I will take this information serious as his words are highly valuable in this market.

Ethereum is an intelligent contract creation in its ability to make many ICO projects based on but it owns not to rely on this characteristic which will make it an cryptocurrency or a good investment vehicle. .

I reckon there are more speculators in bitcointalk that are bagholding Ethereum than speculators who are bagholding bitcoin hehehe. You can already see it in their replies.

I hope Lee's right. But he also wrote that Bitcoin will rise to $25000. we just have to wait and see. because small fish like us can't influence the market. But I'm not as optimistic as Lee. But I also hope that the prices will rise again. the prices can also rise lansam. As long as they rise at all

Yes, they are. Whether building directly on Ethereum themselves or leveraging protocols in development or ready for use, it's happening and continuing to increase. Major League Baseball has their own Ethereum game. Walmart, Coca Cola, Mastercard, and many others are using Endor Protocol on the ETH blockchain. You can go down the list with many of the production-ready or privately funded ETH projects and you'll find huge names attached.

I believe that eth is a great investment, but with onlybsaying good things about eth, the price won't go up , we dont need any expert to speculate, we need more action to push the price go up, we need the investors to invest in eth, it will be great if the people can convince investors to invest rather than onky speculate

It is true ... if you only speculate without action then what happens is that growth will be very slow and to raise eth prices I think it will take a long time because now people trust in cryptocurrency is being lost which we have to do maybe how to make someone more trust in investment digital currency and direct it to Eth so that many people buy Eth for investment.