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Title: Tom Lee's final analysis of the year Post by: bbc.reporter on December 16, 2018, 03:00:18 AM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe.
https://www.cryptobudha.com/wp-content/uploads/2018/04/1524678613_maxresdefault.jpg Bullish Tom Lee “We are tired of people asking us about target prices,” he said, declining to update his year-end forecast. Read the full article https://www.bloomberg.com/news/articles/2018-12-13/unabashed-bitcoin-bull-thomas-lee-says-the-market-is-wrong Title: Re: Tom Lee's final analysis of the year Post by: davis196 on December 16, 2018, 06:57:22 AM "fair price"?WTF?There's no such thing as a fair price.
My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). I guess that Tom Lee just wants to spread some optimism amongst the small traders/newbies.He doesn't want to make a proper analysis. Title: Re: Tom Lee's final analysis of the year Post by: Pursuer on December 16, 2018, 09:01:11 AM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. this is an interesting discussion if you think about it. the question that whether the current price is the result of what the buyers were willing to pay or is it the result of market manipulation. the answer to the above question will give you the answer to whether bitcoin is below its fair value or not. then you can come up with your own analysis of what this fair value truly is. in my opinion the current price is not a natural price that occurred due to demand but it is at this level because of market manipulation. which makes bitcoin under its true value. however I don't consider $13k-$14k bitcoin's current true value although it could have been possible if the dump never occurred. somewhere around $9k to $10k is my opinion for the value. Title: Re: Tom Lee's final analysis of the year Post by: butka on December 16, 2018, 09:17:12 AM This "fair price" he is mentioning is a really weird term. From the article, however, it seems that he has a working model for determining the price, correlating the number of current bitcoin wallets with the bitcoin price. He says that the current price doesn't reflect the number of wallets currently installed:
Quote “In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently.” He goes on and makes an even bolder statement: Quote If Bitcoin wallets approach just 7 percent of Visa’s 4.5 billion account holders, fair value would be $150,000 per Bitcoin I don't think you can use this correlation just like that, but at least it is a new approach for making predictions, at least to me. It makes some sense, because the number of wallets (in a way) reflects the demand side of the market. Title: Re: Tom Lee's final analysis of the year Post by: Bitcoinwaist on December 16, 2018, 02:05:48 PM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. this is an interesting discussion if you think about it. the question that whether the current price is the result of what the buyers were willing to pay or is it the result of market manipulation. the answer to the above question will give you the answer to whether bitcoin is below its fair value or not. then you can come up with your own analysis of what this fair value truly is. in my opinion the current price is not a natural price that occurred due to demand but it is at this level because of market manipulation. which makes bitcoin under its true value. however I don't consider $13k-$14k bitcoin's current true value although it could have been possible if the dump never occurred. somewhere around $9k to $10k is my opinion for the value. agree. would have been nice to sit at $10k and everyone in the crypto world would have understood a 40% correction. people would have still been plowing money into bitcoin. now a whole generation of investors are lost due to whale greed. its actually very sad because so many more people, unlike the rise in 2013, got ass raped that they will be turned off to crypto for life. Title: Re: Tom Lee's final analysis of the year Post by: Juggy777 on December 16, 2018, 02:42:16 PM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. https://www.cryptobudha.com/wp-content/uploads/2018/04/1524678613_maxresdefault.jpg Bullish Tom Lee “We are tired of people asking us about target prices,” he said, declining to update his year-end forecast. Read the full article https://www.bloomberg.com/news/articles/2018-12-13/unabashed-bitcoin-bull-thomas-lee-says-the-market-is-wrong The fair value of bitcoins is a tricky question, as it'll depend from person to person perspective and it's difficult to quantify it. In my personal opinion the fair value could have between 6 - 8k, had we not seen the crash. Tom Lee has spoken from an analysts point of view, and I feel he's accounted the manipulation and other factors which we laymen we have ignored, or it could be a ploy to calm the investors we need to wait and watch. Title: Re: Tom Lee's final analysis of the year Post by: khufuking on December 16, 2018, 03:21:08 PM And who set the fair price!! The fair price is the price determined by people, we can't say that while Bitcoin was $19,000 and then say things versus what we said previously, I am not talking about him alone I am talking in general because that is not the first time I hear the word fair price in Crypto market, the fair for any Cryptocurrency is the price listed on the exchange, whether we think it should be valued more by people or not is totally a different thing.
Title: Re: Tom Lee's final analysis of the year Post by: Deeyoh on December 16, 2018, 03:34:42 PM Fair market for some of my coins was 17k, next is 50k, and 100k, then some are priced at 1 million each. Hey, I determine what I sell my coins for. Good luck, I'll never completely sell all for inflated fiat though.
Title: Re: Tom Lee's final analysis of the year Post by: BrewMaster on December 16, 2018, 05:09:41 PM although i agree with parts of what he has been saying so far but i think at this point he is mostly just trying to explain his predictions that never came true. in other words digging himself out of the ditch the dug before!
the ATH prediction he made out of pure hype was unrealistic to begin with but apart from that he also has a point that this current price is wrong. i have said this before that bitcoin is underpriced right now even though it will have a very hard time keeping the current price or even rising. and that is all because of manipulation not because people weren't willing to pay!!! Title: Re: Tom Lee's final analysis of the year Post by: xuv500 on December 16, 2018, 05:20:34 PM These analysis are longer exist in my opinion as we are seeing the reality of crypto this year, The market is unpredictable at the moment also I hope you people's remember what macafee said. Speculations gave lot of happiness to the investors but in reality it is different.
Title: Re: Tom Lee's final analysis of the year Post by: Pab on December 16, 2018, 05:30:51 PM If Warren Buffet will say that fair bitcoin price is realistic 25k $ than btc price will be 25k
I guess no Invisible hand of market does Tomy Lee ever heard about it bitcoin trading is pure capitalism like Wall Street was very long time ago We even didn't have our crypto Black Friday For me it is similar how it was before previous halving Price went down from 1200$ to even 180$ and couldn't pass 300$ for very long time It looks like cycle Tomy Lee is any real analyst Title: Re: Tom Lee's final analysis of the year Post by: clrpod on December 16, 2018, 06:25:49 PM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. Market price is always the fair price, as you said. If enough people really believed it should be higher then it would be higher, vice versa lower. How does one even determine a fair value that is not the market price? What makes it fair? Title: Re: Tom Lee's final analysis of the year Post by: exstasie on December 16, 2018, 06:58:48 PM Poor Tom Lee. He sure doesn't look too happy in that picture.
This "fair price" he is mentioning is a really weird term. From the article, however, it seems that he has a working model for determining the price, correlating the number of current bitcoin wallets with the bitcoin price. He says that the current price doesn't reflect the number of wallets currently installed: Quote “In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently.” He goes on and makes an even bolder statement: Quote If Bitcoin wallets approach just 7 percent of Visa’s 4.5 billion account holders, fair value would be $150,000 per Bitcoin What a bizarre analysis! No wonder he's always wrong. :P I'm not sure where he's getting his numbers from, but Blockchain.com puts their total wallet users at 31.5 million. That number can be gamed pretty easily, and it doesn't fall when people stop using their wallets! It's also not clear how many wallet users actually bought or used Bitcoin, or if those buyers are offsetting all the OTC and exchange sellers. Get a new system, Tom! Title: Re: Tom Lee's final analysis of the year Post by: 1Referee on December 16, 2018, 07:39:04 PM Tom Lee's final analysis should be; I messed up. I'm sorry. I'm out. Adios!
He's really the kind of person to keep making predictions till he's right, because if he goes on long enough, eventually he will be right. I'm sure mainstream media channels such as CNBC bring him in just to make fun of him and his predictions. It's sad to see that he's letting them make money over his 'confidence' in metrics that don't apply to this market at all, or at least, not right now. This once again shows that it doesn't matter what your background in economics and markets in general is, crypto predictions regardless of their level of analysis remain a wild guess. Title: Re: Tom Lee's final analysis of the year Post by: gentlemand on December 16, 2018, 09:04:49 PM I hope his family is keeping a close eye on him. There's a chance he may self immolate on NYE as this year has been nothing more than a repeated stomping on his willy as he's dug himself deeper and deeper. I like this new 'it's the MARKET that's wrong' approach. It might just pull him back from the edge.
Title: Re: Tom Lee's final analysis of the year Post by: figmentofmyass on December 16, 2018, 09:23:59 PM I hope his family is keeping a close eye on him. There's a chance he may self immolate on NYE as this year has been nothing more than a repeated stomping on his willy as he's dug himself deeper and deeper. I like this new 'it's the MARKET that's wrong' approach. It might just pull him back from the edge. haha, that was a nice touch indeed. he's had a rough year with the bitcoin calls. maybe he's lashing out a bit. :) i wouldn't worry about him too much though. his company deals mainly with the equity markets, and he's had a long, respectable career on wall street as an equities analyst. i think he just just gets invited on fast money because he's willing to talk about crypto. Title: Re: Tom Lee's final analysis of the year Post by: cellard on December 17, 2018, 03:50:17 AM "fair price"?WTF?There's no such thing as a fair price. My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). I guess that Tom Lee just wants to spread some optimism amongst the small traders/newbies.He doesn't want to make a proper analysis. Please, don't be deluded enough to think Bitcoin's price isn't heavily manipulated. As long as Bitcoin is measured in a currency whose supply is controlled by some obscure private banking group, why would anyone trust that the price is a clean supply and (real) demand of the asset? Let's see, what did they say when they were going to launch the futures and why did they even agree to launch them on the first place? Quote “That’s a very important step for bitcoin’s history... We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules,” https://www.reuters.com/article/us-cme-group-bitcoin/cmes-melamed-sees-bitcoin-becoming-new-asset-class-idUSKBN1D712M? Sems pretty clear to me. The good news is, hard money always wins long term, so buy the dip and hodl. Title: Re: Tom Lee's final analysis of the year Post by: LeGaulois on December 17, 2018, 08:15:38 PM He was trying to avoid the "I admit I have been wrong all the year" :D His problem is he's living in 2018 with his BTC 2013 lifestyle He's still smart, even if I don't always agree with him.
If a fair value is something that buyers agree to pay then a buyer will say $1 is a fair price and the seller will say $50k is mine... when BTC was at 10k people agreed, $15k-$20k too. So the fair price should be at least $20k, no? in reality, the fair price depends on the supply/demand... BTW just to add that "Fair price" is a term often used in finance Quote ... used in two different contexts. One is as a synonym for fair value, a theoretically unbiased valuation of an asset which may differ from its current market price. A second meaning of fair price is that at which demand and supply for a futures contract are equal. https://www.wisegeek.com/in-finance-what-is-a-fair-price.htmThe fair price, or fair value, of an asset is an economic concept. It aims to give an objective valuation of the asset rather than simply going by the current market price. Whereas the market price is determined solely by supply and demand, the fair price takes into account the costs of the individual components of the asset. In the case of a business this could include land, machinery, stock and staff levels. The fair price may also take into account the value of whatever is produced by an asset, whether that be production from a physical asset, or financial return from a financial asset. There may also be more subjective elements in assessing fair value, such as how useful an asset is to a particular potential buyer. For example, a fishmonger would place a higher value on a store with easy access to a port than a baker would place on the same store. Title: Re: Tom Lee's final analysis of the year Post by: vit05 on December 17, 2018, 08:28:02 PM I prefer the analyzes where the trader puts that up to a certain price he is buying, selling or maintaining position. To say that the price is unfair is extremely irrational. You do not have all the information to say exactly why others are selling at a certain price.
I am buying with the value below the 4k. And I will only review my position when the price is above 6k Title: Re: Tom Lee's final analysis of the year Post by: exstasie on December 17, 2018, 09:52:25 PM I prefer the analyzes where the trader puts that up to a certain price he is buying, selling or maintaining position. To say that the price is unfair is extremely irrational. You do not have all the information to say exactly why others are selling at a certain price. I think Tom is just on tilt due to the recent crash and he's acting emotional. He's not in top form right now. For his sake, I sure hope he hasn't actually been holding big positions based on his perma-bullish outlook. His outlook is based on this crazy idea about correlation to number of wallets: Quote “In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently.” Not only does the number of wallets never fall, but it doesn't say anything about who's buying or selling and in what amounts. ::) Title: Re: Tom Lee's final analysis of the year Post by: timerland on December 17, 2018, 11:10:57 PM Lmao. Can't believe that he actually is blaming the "markets" for not reaching the price targets that he has constantly set.
Quote “We are tired of people asking us about target prices,” he said, declining to update his year-end forecast. No one is asking them for target prices. He is the one that is putting it out there for mainstream media to make articles on. He is also the one that has constantly changing his predictions, without any tangible backing. With such a bearish sentimented market, I really don't see any chance that bitcoin will be able to rebound to its "fair value" (which he randomly set at $13k-14k, again without any actual analysis backing it) any time in the near future. Market prices are never determined by a "fair value", it's never that simple. Also, there is no absolute "fair value". IIRC, even he had predictions of BTC going way above the fair value estimate by the end of the year, although that prediction has been replaced by many more new ones now. Title: Re: Tom Lee's final analysis of the year Post by: bbc.reporter on December 18, 2018, 01:11:03 AM @timerland. I predict Tom Lee's next statement would be Hold, you cannot lose if you don't sell hehehe. That advice is good for bitcoin and some cryptocoins, however it would also be showing the bagholders' attitude of giving up and blindly holding on.
Title: Re: Tom Lee's final analysis of the year Post by: cellard on December 18, 2018, 03:34:07 AM Lmao. Can't believe that he actually is blaming the "markets" for not reaching the price targets that he has constantly set. Quote “We are tired of people asking us about target prices,” he said, declining to update his year-end forecast. No one is asking them for target prices. He is the one that is putting it out there for mainstream media to make articles on. He is also the one that has constantly changing his predictions, without any tangible backing. With such a bearish sentimented market, I really don't see any chance that bitcoin will be able to rebound to its "fair value" (which he randomly set at $13k-14k, again without any actual analysis backing it) any time in the near future. Market prices are never determined by a "fair value", it's never that simple. Also, there is no absolute "fair value". IIRC, even he had predictions of BTC going way above the fair value estimate by the end of the year, although that prediction has been replaced by many more new ones now. It would be cool if guys like this sold. I don't really know who Tom Lee is beyond some asian guy that goes on CNBC to talk about Bitcoin from time to time so im not going to judge him, what I mean is that generally, it's a good sign when we see "famous bitcoin people" selling, because that is how markets typically capitulate. Case in point, this idiot just said that Bitcoin is dead and whatnot: https://www.ccn.com/teenage-crypto-millionaire-erik-finman-says-bitcoin-is-pretty-much-dead-offers-hope-for-bitcoin-cash/ I wonder if he got paid by Ver to shill his BCash and whatever other altcoins he's holding. Anyway, idiots with big tweeter megaphones selling on a bear market: Get ready to buy, we are nearing the bottom. Title: Re: Tom Lee's final analysis of the year Post by: BrewMaster on December 18, 2018, 04:39:15 AM @timerland. I predict Tom Lee's next statement would be Hold, you cannot lose if you don't sell hehehe. That advice is good for bitcoin and some cryptocoins, however it would also be showing the bagholders' attitude of giving up and blindly holding on. saying "hold" now is not a bad suggestion actually! and it doesn't make you a bag holder if you hold now. right now is not the bubble burst of $20k that makes holding bad, there is no drop going on either. we are 80% down already. in fact selling now makes you a dumb person. it would be like going to a party after the party is over, everyone has left, the food is gone and then start wooing your way in :D Title: Re: Tom Lee's final analysis of the year Post by: bbc.reporter on December 19, 2018, 12:56:49 AM @BrewMaster. Yes it is. However, it is only because he has no other strategy but to be a bagholder.
Bagholders have become the most ardent supporters of the coin they are holding. I would expect Tom Lee to be our loudest supporter on 2019 hehehe. Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 19, 2018, 02:07:19 AM In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. https://www.cryptobudha.com/wp-content/uploads/2018/04/1524678613_maxresdefault.jpg Bullish Tom Lee “We are tired of people asking us about target prices,” he said, declining to update his year-end forecast. Read the full article https://www.bloomberg.com/news/articles/2018-12-13/unabashed-bitcoin-bull-thomas-lee-says-the-market-is-wrong If that isn't a face that just got wrecked I don't know what is. I guess a noose around his neck would give the ultimate wrecked face. Let's face it, this dude needs to just stfu and watch like the rest of us. Title: Re: Tom Lee's final analysis of the year Post by: hahay on December 19, 2018, 04:40:04 AM What about the increase that is happening now, is that possible if the predictions will become a reality?
Although it seems impossible, but I hope the prediction will at least be close to the predicted value at the end of the year and I'm ready to sell. :D Title: Re: Tom Lee's final analysis of the year Post by: Herbert2020 on December 19, 2018, 08:40:36 AM What about the increase that is happening now, is that possible if the predictions will become a reality? Although it seems impossible, but I hope the prediction will at least be close to the predicted value at the end of the year and I'm ready to sell. :D most of these predictions were outrageously high. like for example Tom Lee has been speculating a new ATH by the end of this year not just a regular rise. a regular rise would have been more possible (like going back up above $9k) but setting a new ATH is simply not going to happen soon after a big bubble burst like what we had this year. Title: Re: Tom Lee's final analysis of the year Post by: el kaka22 on December 19, 2018, 09:09:07 AM "fair price"?WTF?There's no such thing as a fair price. You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. Any bitcoiner who is following the markets for years, will definitely say that the current prices are a definite wrong. I like Tom Lee's faith on bitcoin's future and that is the reason he still has not changed his year end predictions. I believe he will be at least 50% true with his price levels by end of this year. Title: Re: Tom Lee's final analysis of the year Post by: elloco4ever on December 19, 2018, 10:04:08 AM "fair price"?WTF?There's no such thing as a fair price. You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k. Any bitcoiner who is following the markets for years, will definitely say that the current prices are a definite wrong. I like Tom Lee's faith on bitcoin's future and that is the reason he still has not changed his year end predictions. I believe he will be at least 50% true with his price levels by end of this year. Yes you are right, his experience in this field speak about his prediction. No one cannot easily predict the market but yes Tom Lee might be right in his statement. Like you said we can expect atleast a 50% reality with his price levels, However there is no guarantee in crypto let us wait till is end to the year for a change. Title: Re: Tom Lee's final analysis of the year Post by: davinchi on December 19, 2018, 04:06:17 PM He doesn't know what bitcoin will do no more than any of us. He might have some experience in the field of economics but it doesn't really reflect on something as volatile as bitcoin. He might have been right and the price could have been 10+ thousand dollars if the bitcoin cash war thing didn't happen, I mean we don't know maybe the price would have gone down anyway or stayed the same or went up, its just a "if" scenario so we are not really sure about it.
Tom Lee doesn't really care about the price anymore than us as well in the sense that when he makes a number and tells it he doesn't really has a big math behind that logic, he just makes it up just like the people come here and write "bitcoin will be $1k" and leave, its just a speculation and nothing more than that. Title: Re: Tom Lee's final analysis of the year Post by: exstasie on December 19, 2018, 08:06:43 PM "fair price"?WTF?There's no such thing as a fair price. You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). No way, these ideas don't apply to Bitcoin. The fundamentals from analyzing blockchain activity are really opaque. We don't know if lost coins are really lost or when existing wallets will become active. We can't know how expansive a network is (or how many users there are) just by looking at transactions. It's impossible to know how many entities are involved, how much is merely inefficient or unnecessary movement of coins or spam. In terms of Metcalfe's Law, we can't extrapolate number of users from number of wallets, but even if we could, we still can't put a "number" on its value. Title: Re: Tom Lee's final analysis of the year Post by: posi on December 20, 2018, 12:22:23 AM "fair price"?WTF?There's no such thing as a fair price. You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). No way, these ideas don't apply to Bitcoin. The fundamentals from analyzing blockchain activity are really opaque. We don't know if lost coins are really lost or when existing wallets will become active. We can't know how expansive a network is (or how many users there are) just by looking at transactions. It's impossible to know how many entities are involved, how much is merely inefficient or unnecessary movement of coins or spam. In terms of Metcalfe's Law, we can't extrapolate number of users from number of wallets, but even if we could, we still can't put a "number" on its value. Title: Re: Tom Lee's final analysis of the year Post by: wedatin on December 20, 2018, 12:40:42 AM Fair market for some of my coins was 17k, next is 50k, and 100k, then some are priced at 1 million each. Hey, I determine what I sell my coins for. Good luck, I'll never completely sell all for inflated fiat though. 17k maybe later next year. 50k maybe 2020. Title: Re: Tom Lee's final analysis of the year Post by: bbc.reporter on December 20, 2018, 12:50:56 AM What about the increase that is happening now, is that possible if the predictions will become a reality? Although it seems impossible, but I hope the prediction will at least be close to the predicted value at the end of the year and I'm ready to sell. :D Hehehe that might be the reason why bitcoin will not reach near its predicted value because you and many others like you have the same plan. However, the others are planning to dump before you on $5k. Title: Re: Tom Lee's final analysis of the year Post by: Slow death on December 20, 2018, 11:43:38 AM In any case, he also said that the market is wrong. who decides the price is the sellers and the buyers He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe. ;D he is upset because his prediction that the price would be $15,000 by the end of the year has failed and this is affecting his ego. Tom Lee Maintains $15,000 Year-End BTC Prediction Despite Market Crash (https://cointelegraph.com/news/tom-lee-maintains-15-000-year-end-btc-prediction-despite-market-crash) the current price of bitcoin is $4100 and are missing 11 days to 2019 ... so there is no chance of his prediction becoming real and he knows it and so now says that the market is unfair Title: Re: Tom Lee's final analysis of the year Post by: eroejoe on December 20, 2018, 12:05:19 PM "fair price"?WTF?There's no such thing as a fair price. I think that we do not need to give attention to guys like Tom Lee, he is speaking about his speculation, his analysis is never proved right, or I did not heard that he was right even single time. My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years). I guess that Tom Lee just wants to spread some optimism amongst the small traders/newbies.He doesn't want to make a proper analysis. Title: Re: Tom Lee's final analysis of the year Post by: Slow death on December 20, 2018, 05:23:53 PM his analysis is never proved right... Aug. 18, 2017, 12:24 PM Wall Street's biggest bear thinks bitcoin will surge to $6,000 (https://www.businessinsider.com/bitcoin-price-wall-street-tom-lee-prediction-2017-8) on August 18, 2017 the price was $4200 and Tom Lee was right in his prediction, of course this was luck, but he was right on his price forecast. These guys hit it lucky so we should not believe their predictions Title: Re: Tom Lee's final analysis of the year Post by: bbc.reporter on December 21, 2018, 11:24:23 PM @Slow death. I reckon Tom Lee might be making a similar example of how newbies make and however lost their investment in bitcoin speculation. There are victims in every bubble hehehe.
Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 21, 2018, 11:44:40 PM Looks like idiot tom lee is giving up https://cryptonews.com/news/tom-lee-gives-up-on-forecasting-bitcoin-price-3110.htm
I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him. Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well. Title: Re: Tom Lee's final analysis of the year Post by: gentlemand on December 22, 2018, 01:14:50 AM I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him. Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well. That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'. Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it. Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 22, 2018, 01:48:55 AM I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him. Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well. That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'. Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it. Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says? Title: Re: Tom Lee's final analysis of the year Post by: KingScorpio on December 22, 2018, 01:54:08 AM I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him. Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well. That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'. Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it. Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says? wanted also just ask the question, i think we are mainly influenced just by some media enterpreneuers, who only do media enterpreneurism and have no idea what they are talking about, and no expert is ever talking with them, or wants to talk with them, since cryptoenterpreneuers are very carefully about what they are saying. especially if they are serious about their project. vitalik buterin's sentences are basically like imperial to them. we will have to deal with that since they will not have any personalities influencing cryptomedia anytime soon. regards Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 22, 2018, 02:02:39 AM I wonder how rich Tim dRAPER (shiller for 2 of the biggest ico ripoffs of 2017 Bancor and Tezos) got off the 2017 pump. He wants everyone to think he's still holding the "future of money" but in reality he's probably dumped it all for billions many months ago.
Don't listen to anyone but yourself. Title: Re: Tom Lee's final analysis of the year Post by: gentlemand on December 22, 2018, 02:08:51 AM Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says? I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. I presume he has some type of legacy standing. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this. Title: Re: Tom Lee's final analysis of the year Post by: KingScorpio on December 22, 2018, 02:10:36 AM Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says? I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this. i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik, people like vitalik are very careful what they are saying. Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 22, 2018, 02:12:41 AM Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says? I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this. i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik, people like vitalik are very careful what they are saying. Vitalik pretty much sold all his eth for millions before the big pump of 2017. He is another person who never has to worry about money for the rest of his life people should take with a huge grain of salt. Like Tim dRAPER. Title: Re: Tom Lee's final analysis of the year Post by: gentlemand on December 22, 2018, 02:14:29 AM i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik, people like vitalik are very careful what they are saying. It looks to me like Vitalik has come out with loads of stupid shit over the years. However he is with it enough to know that talking endlessly about price achieves nothing and enlightens no one. The few times he has talked about price it seemed to largely be dissing its absurdity. Title: Re: Tom Lee's final analysis of the year Post by: WinslowIII on December 22, 2018, 02:20:32 AM i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik, people like vitalik are very careful what they are saying. It looks to me like Vitalik has come out with loads of stupid shit over the years. However he is with it enough to know that talking endlessly about price achieves nothing and enlightens no one. The few times he has talked about price it seemed to largely be dissing its absurdity. He came out with the outrageously ingenious and evil idea of allowing scammers to sell ideas without doing any cryptogrophy work at all. It took off like crazy and made a few people really rich. It also imo made the 2017 pump much bigger than it should have been. Now that governments are watching, what's the next bag of tricks to fuel the next pump? |
