Print Page - Speculating with Tom Lee

Instead of creating a new thread everytime, all news about Tom Lee's bitcoin speculations and other things on his life will be in this thread hehehe.

In any case, the first article. Will he predict it right for the 4th quarter this time or will this be a funny one again?

https://amp.businessinsider.com/images/55d71d7b9dd7cc15008b4e86-750-562.jpg

Lee was of the view that with the added focus on Facebook’s cryptocurrency Libra, the momentum gained by cryptocurrencies could carry Bitcoin to an all-time high as investors panic of missing out on the opportunity.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.

Read in full https://all-stocks.net/fundstrats-tom-lee-bitcoin-could-reach-40k-by-q4-thanks-to-president-trump/

Quote from: bbc.reporter on July 19, 2019, 01:53:09 AM

and other things on his life

LOL.

Quote from: bbc.reporter on July 19, 2019, 01:53:09 AM

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Even a broken clock is right twice a day! ;)

I think there's a good chance he's right this time. If we hold above the ~$7,430 higher low, then we will maintain the long term parabolic advance since the December 2018 bottom. A multi-month correction here would likely fill enough gas in the tank to break the ATH sometime in Q4, once the July top is broken. Then it's off to the races.

Good thing with Tommy Lee is that he's always optimistic about bitcoin's price movements no matter how dire the situation is. Actually, he might be right this time. If we happen to stay at these levels or do not go below 20 SMA short-term which is a critical point IMO, we might even get a push towards $20k and end the year with that price. By then, it would pretty much the same 2017 FOMO scenario all over again, and might be breaking records to the top this time. Bears are still looming around the corners, as was evidenced by the last few days' drop towards $9200, but then again, we're still pretty much in the greens and bearish sentiment isn't forming as of late.

May Tommy Lee not jinx his own predictions this time :D

Quote

Lee was of the view that with the added focus on Facebook’s cryptocurrency Libra, the momentum gained by cryptocurrencies could carry Bitcoin to an all-time high as investors panic of missing out on the opportunity.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Can we even call his speculative articles "analysis" anymore?

All that this is is a blind guess, drawing from completely irrelevant data (in regards to his statement about the 3% of its historical days, what? ???) that is tailor fitted to support his argument. He stands absolutely no ground in TA, let alone a bottom up fundamental analysis.

I think that the markets are generally still quite cautious in terms of its sentiments, which as a result means that it is likely we won't see these types of growth until later on, closer to the halving.

Quote

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.

I actually somewhat agree with him on his statement on Libra.

People overemphasise the importance of this stuff way too much. In the long run, there is really not much that it's going to be contributing neither positively nor negatively towards the actual fundamentals of bitcoin.

Quote from: timerland on July 19, 2019, 10:36:54 PM

All that this is is a blind guess, drawing from completely irrelevant data (in regards to his statement about the 3% of its historical days, what? ???) that is tailor fitted to support his argument.

He's talking about the fact that most of Bitcoin's gains are historically realized in a very small period of time, during its bubble periods. The rest of the time is spent consolidating in a range with price being flat or declining on average.

I make fun of Tom Lee all the time and I think he's an ass, but he's spot on about this. He sees what all the people calling 2019 a bull trap don't see. Looking at several long term metrics, we've entered another historical bull phase that will end with exponential price gains.

Observe what happens when price starts entering the realm of its historic top days:
https://bitcointalk.org/index.php?topic=138109.msg1472141#msg1472141
https://bitcointalk.org/index.php?topic=138109.msg2433224#msg2433224

https://bitcointalk.org/index.php?topic=138109.msg17657284#msg17657284
https://bitcointalk.org/index.php?topic=138109.msg20501251#msg20501251

He's predicting this is happening again right now. I think he's right about that.

Quote from: bbc.reporter on July 19, 2019, 01:53:09 AM

@bbc.reporter this time I feel Tom Lee’s prediction will come right, as public sentiments are at a all time high and people are buying bitcoins and holding them. In my personal opinion $20k is a realistic target by the end of the year, $40k looks very difficult to achieve. Also his analysis that the crypto world will survive without Libra is spot on, as Trump will most certainly kill Libra before it begins.

Quote from: bbc.reporter on July 19, 2019, 01:53:09 AM

all news about Tom Lee's bitcoin speculations and other things on his life will be in this thread hehehe.

somebody has a man crush ;)

Quote

this is kind of an obvious statement though!
all this drama is for short term and any rise or fall that Libra may or may not cause is not going to last that long. in my view saying Libra has any effects on bitcoin is like saying PayPal has effects on bitcoin! they are both centralized company created digital money and these things are the main reason why [decentralized] bitcoin was created in first place!

No pun intended Is this thread for Tom Lee to laugh at or worth to disgrace him even if most of his speculation was rather absurd We can not ignore his speculation at all because he is a well-known individual, after all, Well I think his latest speculation really fits the bill this time, I guess that we can hit the $40,000 USD max this bull run, But again even though there are many speculators that have said that this is the near price bitcoin may be landed, But In my opinion that it is still unpredictable and we can still have different things that may happen with the price, the price can decrease a certain resistance or we can continue any further up to $100,000 USD so if tom lee doesn't predict it yet then this price may happen aswell.

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

Quote from: FanEagle on July 20, 2019, 05:24:36 PM

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

So let's just ride the wave with Tom, after-all everyone here to make more money and enjoy his bullish predictions.

Quote from: TravelMug on July 20, 2019, 05:47:57 PM

Quote from: FanEagle on July 20, 2019, 05:24:36 PM

I am one of his fan and I do really enjoyed his speculations and predictions of bitcoin rally. In a way, this guy has contributed to cryptocurrency and bitcoin more than many of us and most time because of the large followers , his predictions do move market upward. He has been positive on bitcoin from the beginning and he has remained like that and that is a sign that he know what he is doing and his is doing it very well. I do feel happy when bitcoin is going up and sad when it is falling and that makes me be the Tom lee’s fan.

Quote from: gentlemand on July 20, 2019, 02:53:54 PM

Time for OP to lay out that 50 BTC to this forum so he can change his name tom.lee.reporter.

If I remember rightly he's made one call since he popped up that turned out right. Every single other one's been utter bilge. I think his hit rate is about 1-5%. I would favour following a psychic octopus.

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

Quote from: exstasie on July 20, 2019, 08:58:56 PM

Then it's far better to just say 'I'm a perma bull' rather than turn up on TV and drop pointless predictions.

He can even get a T shirt printed saying 'I'm a perma bull' and he can point to it when anyone asks him what he thinks the price will do.

Still, he gives us something to talk about every now and then.

Quote from: gentlemand on July 20, 2019, 09:07:14 PM

Quote from: exstasie on July 20, 2019, 08:58:56 PM

Well the dude's hyping up his fund, keeping his investors licking their chops. He has some motivation to make those predictions outside of just being a perma-bull. But the other thing is he's a fixture on CNBC's crypto coverage and they're always asking him for his price predictions. I remember right near the bottom last year, he said he didn't want to make predictions anymore. Coming from a perma-bull, I guess that's the optimal time to buy!

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

Quote from: exstasie on July 20, 2019, 09:14:37 PM

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

I've never doubted the prices he espoused were going to happen at some point. It's the timing that's been wrong most of the time.

I hope he doesn't have a legion of fans who go full leverage every time he makes a prediction. If they did then they'll all be in cardboard boxes by now.

Quote from: TravelMug on July 20, 2019, 05:47:57 PM

I doubt he has many clients left (if he had any to begin with) after being wrong so many times. 2018 was the year all his predictions have been slaughtered. It was truly embarrassing seeing him rehash his own nonsense.

One would assume that Tom Lee with his background and knowledge would adjust his opinion on the market because it was clearly following a bearish path in 2018, but no, he kept acting like an empty headed perma bull.

What I have also noticed is that his legacy predictions lately are wrong more often than right. News outlets should stop inviting him but apparently they don't care enough. Tom's bad reputation draws views....

I think that the picture from OP is says a thousand words about this expert, like he is thinking "OMG I say something stupid, again".

Personally, I do not know that someone has uttered so much speculatios and that he has been wrong so many times, this is not even funny anymore. But people like him do not retreat, even if he sounds like a broken plate or a drunken parrot. When he say something in the sense that bitcoin should be worth $14 000 based on number of bitcoin address (not sure if he think only on active or in total), I stop pay attention on him.

It is better to be focused on people who give long-term predictions based on some facts, and completely ignore such "experts".

Quote from: BitHodler on July 20, 2019, 11:38:58 PM

One would assume that Tom Lee with his background and knowledge would adjust his opinion on the market because it was clearly following a bearish path in 2018, but no, he kept acting like an empty headed perma bull.

He plays a 'smart' game here by not changing his predictions from bullish to bearish because just like most people here have no clue about the future direction of the market, he doesn't either. The best option is to stay put and don't move an inch. If you keep predicting certain outrageous price levels, and stick to it, you'll be right eventually and the mainstream media will crown you as the expert who called the bull run.

That being said, he became a tad bit bearish towards what right now seems the end of the bear market. People roasted the dude for being wrong again and for becoming bearish, lol. He shouldn't have done that. If he kept repeating his own bla bla he right now would be able to say that it took a bit longer than expected, but I'm still on the right track. :D

Quote from: gentlemand on July 20, 2019, 09:18:05 PM

Quote from: exstasie on July 20, 2019, 09:14:37 PM

nah, i think he lost his credibility back in 2018 when he continued insisting on hitting ATH by the end of the year [2018] and all the while price was going down without any signs of reversal. people have to be real ignorant to still listen to what this dude is saying. i mean making wrong predictions is normal and everyone does it but predicting against the market trend for a whole year and sticking to it is just dumb!

Quote from: buwaytress on July 21, 2019, 06:45:10 PM

Might as well create a thread and mark the OP with their key predictions. Not one to believe these guys, but definitely one to enjoy the fun alongside the finger pointing and inevitable fame-claiming once predictions invariably hit. Suggest to make:
1. Date of Prediction and Price at time.
2. Target Price and Date.

And then when date reached, you can I guess put accuracy.

Might even show newbies they really shouldn't be listening to experts =D

Here's an article that details at least some of his misses:

Quote from: https://www.ccn.com/bitcoin-perma-bull-tom-lee-believes-bitcoin-price-should-be-15000-20000/

In April 2018, Lee insisted that bitcoin would rally big-time right after tax season. At the time, Lee attributed the drop in bitcoin’s price to mass sell-offs caused by investors trying to sell off their cryptocurrency holdings to avoid paying taxes on them.

That rally never happened.

[...]

Then, in November 2018 — at the height of the crypto bear market — Lee doubled-down on his exuberant $15,000 year-end bitcoin price target. At the time, Lee called the Crypto Winter an "awkward transition" that would pass very soon.

As we all know, that comeback also never happened.

[...]

In December 2018, a frustrated Lee said he was finished giving price predictions given his history of inaccuracy.

However, he said that bitcoin's fair market value at the time was $13,800 to $14,800. At the time, bitcoin never topped $4,180.

Ironically enough, Bitcoin is hovering above $10k now, which is the lower end of his prediction in the article lol.

Quote from: buwaytress on July 22, 2019, 01:38:53 PM

-snip-

Well he's a founding partner and he's pretty popular, so that probably has a lot to do with his job retention lol. Either way, he's had a lot of Wall Street experience, so he's probably better at other areas. Crypto prices are almost impossible to predict to be fair, and I imagine it's only harder if you look at the market through permabull/bear lenses.

But yeah, people shouldn't be taking anyone's word of the market anyway, so it's pretty moot in the end lol.

Quote from: gentlemand on July 20, 2019, 09:18:05 PM

Quote from: exstasie on July 20, 2019, 09:14:37 PM

Agreed! Timing is everything. Similar to what Dana White would say hehehe. However, is Tom Lee timing bitcoin's movements or is he really a blind permabull?

Tom Lee's art of predicting bitcoin with giving no prediction as the prediction, however mentioning somethng that might or might not be a prediction.

Tom Lee must be related to Bruce Lee. He is applying his uncle's Jeet Kun Do on investing!

https://uscdn.b-cdn.net/wp-content/uploads/2013/11/Ashley-Brown041511-1.jpg

Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC).

Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July 31, saying:

“Bitcoin’s becoming increasingly a macrohedge for investors against things that could go wrong. Rate cuts are adding liquidity. Liquidity is pushing money into all these risk assets and also hedges, which is helping Bitcoin.”

Lee delivered a couple more general remarks about Bitcoin, which climbed back above the $10,000 mark earlier today. In terms of price, Lee thinks it is plausible for the coin to retake its all-time high by the end of the year.

He remarked:

“We don’t have a target for Bitcoin, but the prior high was $20,000. I think there’s a good possibility that Bitcoin reattains that high this year

Read in full https://cointelegraph.com/news/fundstrat-co-founder-tom-lee-us-fed-rate-cuts-are-helping-bitcoin

Quote from: bbc.reporter on August 01, 2019, 01:56:35 AM

“We don’t have a target for Bitcoin, but the prior high was $20,000. I think there’s a good possibility that Bitcoin reattains that high this year

he keeps lowering his expectations of bitcoin and it seems like he forgot to take a look at the charts again to see how the last time (2015) looked like with the slower rise at first which is what we have right now. it seems like he gets caught up in the short term drama a lot and then makes the emotional yet permabull predictions out of.
i am still waiting for the price to reach $40,000 by the end of 2018, the prediction he made in Nov 2017 when price was below $9k and was shooting up towards $20k.

Quote from: pooya87 on August 01, 2019, 05:09:34 AM

What is wrong with that ? For example, you plan for a vacation in Indonesia and on the event of earthquake, you will still keep on planning up ? After all, these are all speculation and you should not make your decisions of your life's all saving by listening to them but may risk at 10% or 25% based on your affordability. Speculators may keep increasing or lowering based on favoring factors but people will never complain when speculators increase their target price levels.

Quote from: pooya87 on August 01, 2019, 05:09:34 AM

i am still waiting for the price to reach $40,000 by the end of 2018, the prediction he made in Nov 2017 when price was below $9k and was shooting up towards $20k.

I am not sure you may able to time-travel to 2018 but bitcoin price will definitely hit $40k. Again, with respect to bitcoin speculations, people may fail with time frame but definitely not with price levels.

Quote from: pooya87 on August 01, 2019, 05:09:34 AM

Quote from: bbc.reporter on August 01, 2019, 01:56:35 AM

“We don’t have a target for Bitcoin, but the prior high was $20,000. I think there’s a good possibility that Bitcoin reattains that high this year

I reckon that he is also shaking his head on this, his latest comment is not his normal style. However, is this a good sign or a bad one?

Quote from: bbc.reporter on August 02, 2019, 02:41:56 AM

I reckon that he is also shaking his head on this, his latest comment is not his normal style. However, is this a good sign or a bad one?

I presume you are dating Tom Lee so why not ask him staring deep into his eyes over candlelight?

These legacy financial types will probably be more reluctant to make predictions about BTC if the wider markets are looking turbulent. It's easier when the big picture is steady. But that's when the chances of silly calls manifesting themselves increases. They should be upping rhetoric, not reining it in.

Tom the great permabull has given another piece of his wisdom. Thank you Tom, we shall hold you accountable if you are wrong again and post many words of hate and insults on you hehehe.

Fundstrat's Lee is not out of the bitcoin price prediction business. After last year's bullish call for BTC $25,000 didn't work out, Lee backed off from making price forecasts for a while. With the wind seemingly at its back, bitcoin could make a strong finish in 2019 similar to its record display in 2017, and Lee doesn't want to miss out. He tells Fox Business host Stuart Varney:

"I think it's going to be much higher by the end of the year and potentially at new all-time highs. I think anyone who wants to have a 2 percent or 1 percent allocation to bitcoin as a hedge against a lot of things that could go wrong it's a smart bet."

Read in full https://www.ccn.com/bitcoin-could-break-through-to-a-new-high-in-2019-predicts-tom-lee/

Quote from: el kaka22 on August 01, 2019, 05:46:50 AM

Quote from: pooya87 on August 01, 2019, 05:09:34 AM

it is true that it is speculation but it still has to be reasonable and have some logic behind it. for example if i keep saying price is going to fall down to $10 this year, that is also a "speculation" but without any logic, i would be randomly bullshitting. and that is what's wroth with that. Lee has been "speculating" unreasonable price rises during a time when it was clear that rise (specially that kind of rise) wasn't possible meaning during 2018 when the market entered bear mode and needed the bubble burst and correction.

and that works both ways, like Lee, there have been others who get caught up in a certain trend and fail to change with the market changes. for example there have been many who were "speculating" low unreasonable prices such as $1000 for bitcoin just because there has been a long drop last year.

I thought bitcoin was our safe haven for economic depressions. Is Tom Lee's statement also implying that if Trump collapses the American economy, bitcoin will also collapse? I shake my head.

Also, what is a generational buy?

https://foreignpolicy.com/wp-content/uploads/2017/06/gettyimages-488226322.jpg?w=800&h=385&quality=90

Bitcoin Tends to Follow the S&P500, Says Lee

“The next big catalyst [for Bitcoin] is a decisive breakout in the equity markets,” he told CNBC’s Fast Money on Thursday. “Once equities break to an all-time high, Bitcoin becomes a risk-on asset.” For Lee, it seems clear: as stocks go high, Bitcoin follows.

The increased liquidity from a breakout in the equities market could propel Bitcoin to an all-time high, predicts Lee. As of now, the S&P’s all-time high is around 3,025. If it breaks this, Lee argues that it would be “bullish for Bitcoin.” His analysis is based on precedent: the best years for the S&P 500 have also coincided with the best years for Bitcoin.

The recent lull in Bitcoin’s price movements can also be explained in this way. Lee sees this same choppy market in equities also, which leads him to believe that the S&P 500 needs to move upward for Bitcoin to follow.

During this same segment, BKCM founder and CEO Brian Kelly told Fast Money that this is a “massive buying opportunity” for those looking to jump into Bitcoin since there is “too much money coming into this market.” He argues that “for the next six months” there is the opportunity for a ‘generational buy.’

Read in full https://beincrypto.com/fundstrats-tom-lee-says-that-bitcoin-and-sp-500-are-heading-towards-all-time-high/

Quote from: bbc.reporter on September 16, 2019, 02:09:12 AM

I thought bitcoin was our safe haven for economic depressions. Is Tom Lee's statement also implying that if Trump collapses the American economy, bitcoin will also collapse? I shake my head.

“The next big catalyst [for Bitcoin] is a decisive breakout in the equity markets,” he told CNBC’s Fast Money on Thursday. “Once equities break to an all-time high, Bitcoin becomes a risk-on asset.” For Lee, it seems clear: as stocks go high, Bitcoin follows.

The increased liquidity from a breakout in the equities market could propel Bitcoin to an all-time high, predicts Lee.

I'm with Tom Lee. As a risky/speculative asset, BTC benefits from exuberance in the equity markets. It works just like sector rotation for stocks. (https://en.wikipedia.org/wiki/Sector_rotation) Eventually that increased market liquidity spills over into other speculative investments, especially those that are hot and riding a bull market like BTC.

And yeah, it goes both ways. If recession hits and equities crash, I think BTC will too.

Quote from: bbc.reporter on September 16, 2019, 02:09:12 AM

Also, what is a generational buy?

It's another way of saying "the buy of a generation." A rare investment opportunity.

There is really barely any correlation between stocks and bitcoin that way. There is a correlation between stocks and economy of a country plus there is one correlation between economy of a country and bitcoin, which means somehow stocks and bitcoin are somehow related but know that its not completely related to each other. It has some other type of relevance to each other like bitcoin was created after the biggest bear market of the world has ever seen but that is about it.

Sometimes bitcoin goes up when stocks go down, sometimes bitcoin goes down when stocks go up, sometimes they go up together or down together. What bitcoin will do is dependent on couple dozen whales and that is it, not the market, not the public decision, just those whales wanting bitcoin to go one direction and doing it.

Quote from: bbc.reporter on September 20, 2019, 01:47:18 AM

Whales have always controlled everything. In the cryptospace, however, it might be under the act of beginning to be controlled by the bigger whales who own the banks hehehe.

You make it look like whales operate under the same umbrella and therefore have the same agenda to follow, but that's not the case. In fact, whales clash with each other just as much as they clash with the smaller fishes.

Wall street banks don't cooperate with each other either, but have their own traders trading. It seems that people here have somehow (incorrectly) agreed that whales are evil manipulators working together to crash or pump the price.

Quote from: bbc.reporter on September 20, 2019, 01:47:18 AM

Enjoy it now, I predict more regulations and the isolation of ordinary holders.

Nothing too surprising. Governments have always tried to figure out who the owner is of what asset, and how much each onwer actually owns. Crypto isn't any different in that regard. OGs have seen it coming years ago already.

Quote from: carter34 on September 16, 2019, 06:06:50 PM

Quote from: bitgolden on September 16, 2019, 03:02:05 PM

What bitcoin will do is dependent on couple dozen whales and that is it, not the market, not the public decision, just those whales wanting bitcoin to go one direction and doing it.

From what you said above, I think the whales won't control the direction of price soon. At the time the popularity of bitcoin will rise more, more investors would come in and the chain of whales will be broken down into smaller parts and unit. By then what you would have are semi whales, that is holders with quantity that can't really change a market direction by a single effort.

When a lot of institutional and retail investors will come in the crypto world, the bitcoin will be divided among them and it will be more difficult to manipulate the currency which is more distributed and no one holding the major portion of the coins.

As far as Tom Lee is considered, I have stopped following him and other famous persons because none of them give the correct predictions and all of them give statements to move the market in their favor.

Quote from: bbc.reporter on September 24, 2019, 02:48:16 AM

@JohnBitCo. On Tom Lee, he only does not give predictions or statements in his own favor, he is giving them in all our favors.

He also has the more to lose compared to us the forum cave trolls. He is risking his own money, Fundstrat investors' money and his own reputation.

Do you think Tom Lee still has some reputation? I personally have not seen anyone have so many bad predictions in such a short time, and to continue with the same as if nothing had happened. I doubt he is losing his money directly, but those who listen to it are generally at a loss.

Every day a new statement, it just spins them in a circle hoping that some will come true.

https://www.cnbc.com/video/2019/09/20/fundstrats-tom-lee-expects-big-breakout-for-stocks.html
https://www.youtube.com/watch?v=-CXo1HoMY_Q -- Bitcoin heading higher, says Fundstrat's Tom Lee
https://www.youtube.com/watch?v=B7RXJ7g0kaw -- New highs for bitcoin possible this year: Fundstrat's Tom Lee

Quote from: bbc.reporter on September 24, 2019, 02:48:16 AM

We can say that because the market is a speculative markets if anyone says anything in our favor to increase the price of bitcoin, it will surely be in our statement because that their positive review or prediction will surely touch someone and make the person to make some investment.

Tom lee has been of a great blessing to us actually and he has always predicted in favor of bitcoin, one thing that I like about him is that his own prediction is still a little bit reasonable, unlike those other ones that usually predict some figure that we know will not be possible and making them look like they are just like kids and just gambling with price prediction , because I leaned that is gambling, we have some people that do bet on value of coin which is insane to me in this market that is unpredictable.

Our favorite permabull might be admitting defeat. Tom Lee was interviewed and it appears that he already has silently surrendered and ready to remove himself from his own bullishness on bitcoin.

I reckon this might be because his speculations about institutional investors to buy bitcoin by this time of the year did not come to fruition.

In this week's episode of The Scoop, Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisor, tells The Block about the barriers preventing institutions from investing in bitcoin.
"There's a mechanical issue for crypto in terms of infrastructure that’s needed but there’s probably also a size of market issue," Lee tells The Block.

Lee said he believes the cryptocurrency space is "too small for the institutional world." Lee goes on to compare bitcoin's relatively small market size to that of gold, stocks, and bonds. "Gold is 9 trillion. The stock market is 66 trillion the bond market is 86 trillion, bitcoin is not even half a percent of the total assets," Lee says, adding that "if you’re asking someone to allocate 1% to bitcoin — that’s like triple the market weighting, like you’re you’re asking someone to make a massive bet even though it’s 1% of their assets because bitcoin is that small."

"It’s probably correct I think about 1% of the U.S. owns bitcoin and at that size it’s too small for an institution, it’s a hobby," Lee concludes.

Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

Due to regulatory uncertainty, Lee believes institutional investors will feel they are taking on "reputational risk" for "extending it to a market that has no regulatory protection..."

Source https://www.theblockcrypto.com/linked/42086/tom-lee-on-the-main-hurdles-preventing-institutional-investors-from-getting-into-bitcoin

Quote from: bbc.reporter on October 05, 2019, 04:03:08 AM

Quote

Lee said he believes the cryptocurrency space is "too small for the institutional world." Lee goes on to compare bitcoin's relatively small market size to that of gold, stocks, and bonds. "Gold is 9 trillion. The stock market is 66 trillion the bond market is 86 trillion, bitcoin is not even half a percent of the total assets," Lee says, adding that "if you’re asking someone to allocate 1% to bitcoin — that’s like triple the market weighting, like you’re you’re asking someone to make a massive bet even though it’s 1% of their assets because bitcoin is that small."

"It’s probably correct I think about 1% of the U.S. owns bitcoin and at that size it’s too small for an institution, it’s a hobby," Lee concludes.

Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

Due to regulatory uncertainty, Lee believes institutional investors will feel they are taking on "reputational risk" for "extending it to a market that has no regulatory protection..."

Never thought I'd see Tom Lee so bearish on the fundamentals! :o

I always said if Tom Lee ever becomes a bear, that's the time to go all in. Well ladies and gentlemen, we've got our signal. We're probably on the verge of a major bull run now.

Quote from: exstasie on October 05, 2019, 06:46:38 AM

~
Never thought I'd see Tom Lee so bearish on the fundamentals! :o

I always said if Tom Lee ever becomes a bear, that's the time to go all in. Well ladies and gentlemen, we've got our signal. We're probably on the verge of a major bull run now.

haha, although i don't yet see an immediate bull run but that is exactly the first thing that came to my mind when i read this post. but i have to say i think Tom Lee is mostly talking based on his company's performance. when they fear losing their investors they start making positive statements (predicting bitcoin to $50k in 2017) and when they fail to get new investors they make statements like this.

Quote from: bbc.reporter on October 05, 2019, 04:03:08 AM

Very good article.All that kind institutional investors are mirage and illusion.There is Greyscale investing in Bitcoin and not much more.I am sure that there are some group of spekulant entering bitcoin time to time creating pumps and dumps but they mostly prefer derivatives
I only follow Peter Brandt i have learned from him very useful trading tips

Quote from: exstasie on October 05, 2019, 06:46:38 AM

Quote from: bbc.reporter on October 05, 2019, 04:03:08 AM

Quote

It is not only about the fundamentals. I speculate he knew something would occur, however, it did not push through on the last minute.

Also, if bitcoin pumps to $25k, !kcab si eeL moT hehehe.

Quote from: bbc.reporter on October 06, 2019, 12:27:29 AM

It is not only about the fundamentals. I speculate he knew something would occur, however, it did not push through on the last minute.

You don't have to be a genius to understand why this change of mind occurred right now, this can be seen from some recent statements given in connection with a possible law of banning Petro, and flavored e-cigarettes. He also says that US will probably ban BTC when the price reaches $100k. Bad bull, bad bear = Tom Lee ;)

Quote from: https://twitter.com/fundstrat/status/1171848844394602497

This is un-related but shows White House can issue an ‘executive order’ banning anything. And could even ban bitcoin. Not expecting it. But with current White House, there is “nothing out of bounds nor out of reach”

Quote from: Lucius on October 06, 2019, 01:21:18 PM

Quote from: https://twitter.com/fundstrat/status/1171848844394602497

Quote

"There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

I don't understand why he's so hung up on this. The flavored e-cigarette ban followed FDA reports that they cause lung disease and are killing people. It was an urgent public health concern. The optics around that are completely different from Bitcoin.

There also isn't enough legal protection for gold to prevent an executive order from banning it. In fact that's already been done before! (https://en.wikipedia.org/wiki/Executive_Order_6102) So what? The Bitcoin market (the gold market too) is already pricing in this extremely unlikely risk.

Quote from: exstasie on October 06, 2019, 05:09:57 PM

I don't understand why he's so hung up on this.

In addition to having poor judgments, it also seems very paranoid to me, from one perma-bull he has become an overnight pessimist. I think this is something about the average American who very easily changes his mind under the influence of the media, which in my opinion are very aggressive and leaves little doubt about something. It is not only about e-cigarettes, but about possible Petro banning ( did they do that) law that would by Lee open possibility to ban other cryptos.

bbc.reporter, maybe they dump their coins and caused this -$2000 we have few days ago, but I think he is not so stupid to just dismiss the idea he has been advocating for years. If I remember correctly the price you mentioned was based on the number of bitcoin addresses that existed at that time or number of active addresses. But that didn't make any sense then, as it doesn't even today.

Quote from: Lucius on October 07, 2019, 10:15:04 AM

Quote from: exstasie on October 06, 2019, 05:09:57 PM

I don't understand why he's so hung up on this.

In addition to having poor judgments, it also seems very paranoid to me, from one perma-bull he has become an overnight pessimist.

It might say something about his or Fundstrat's open positions. I got the feeling he and his investors were long and in a lot of pain in late 2018. That recency bias may have pushed them to cover their positions over the last few months. As a matter of fact he estimated BTC's valuation around $14K last December, (https://news.bitcoin.com/bitcoin-bull-thomas-lee-claims-market-is-wrong-and-btc-should-be-much-higher/) which supports that idea.

He might be viewing everything through bearish lenses now.

@exstasie. Agreed! We have very similar views on this hehe.

I had my doubts, however, it certainly appears that Fundstrat might have really dumped bitcoin. This article is based on the same interview.

Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisor, thinks Visa could be a "long term winner" in the digital asset world.

On last week's episode of The Scoop, Lee told The Block that players like Visa, MasterCard and Facebook will likely emerge as market leaders, but that isn't the backbone of Fundstrat's investment thesis.

"The crypto piece of any traditional equity today is really a call option because it's not going to be the source of intrinsic value or the central thesis for any of these companies," he said.

Still, Lee said he thinks companies like Visa will become "huge winners" in a decentralized finance world supplanting many bank functions.

Source https://www.theblockcrypto.com/linked/42399/fundstrats-tom-lee-says-the-visas-of-the-world-could-be-long-term-winners-in-crypto

Quote from: bbc.reporter on October 05, 2019, 04:03:08 AM

Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

The officially sanctioned, SEC-approved Bitcoin futures market says otherwise. And Tom Lee knows this.

So why the bullshit, Tom?

Quote from: Torque on October 08, 2019, 02:11:59 AM

Quote from: bbc.reporter on October 05, 2019, 04:03:08 AM

The officially sanctioned, SEC-approved Bitcoin futures market says otherwise. And Tom Lee knows this.

So why the bullshit, Tom?

Easy game. Whale-cumulators placing their bids for as low as they can, and FUD all they can to cause a panic for the plebs.

Don't listen, and HODL. 8)

Quote from: Wind_FURY on October 08, 2019, 07:31:37 AM

Quote from: Torque on October 08, 2019, 02:11:59 AM

The officially sanctioned, SEC-approved Bitcoin futures market says otherwise. And Tom Lee knows this.

So why the bullshit, Tom?

Easy game. Whale-cumulators placing their bids for as low as they can, and FUD all they can to cause a panic for the plebs.

Don't listen, and HODL. 8)

Come to think of it, Tom was screaming "buy" all through 2018 before the crash to $3000. Maybe he was selling us his bags at the time. You can never trust these Wall Street types.

So yeah, he's probably FUD'ing the market to buy in.

Last month, Tom Lee has said that bitcoin tends to follow the S&P500. This news article might be good news for him and us hehehe.

The Federal Reserve will begin buying $60b of treasury bills every month. This will pump more money in the American economy to spend and invest which will also have a positive effect on the S&P500.

The New York Fed’s open markets desk will “purchase Treasury bills at an initial pace of approximately $60 billion per month, starting with the period from mid-October to mid-November,” according to a statement. The Fed said purchases of Treasury bills will extend “at least into the second quarter of next year,” leaving open the possibility of a change in the pace and duration of purchases.

Source https://pbn.com/fed-to-start-buying-60b-of-treasury-bills-a-month-from-oct-15/

Quote from: bbc.reporter on October 15, 2019, 03:12:57 AM

The markets reacted nicely; big gap up on the SPX. I expect this to encourage continued sideways/upward momentum in equities.

Tom is right too, what's good for stocks is good for Bitcoin. Less uncertainty in the economy means riskier investments (like BTC) are more attractive and justifiable.

Quote from: exstasie on October 15, 2019, 07:11:29 AM

Quote from: bbc.reporter on October 15, 2019, 03:12:57 AM

if the price of Bitcoin following the S&P500 is indeed really terrible, why? if you see the price of the S&P500 in 2003 and 2009 falling very far,
you can see it on the google index S&P500, and if that happens in Bitcoin,
I don't know whether people's opinions will give a negative or people will come out, for sure this will interesting

The cryptospace is as part of the internet as the internet is part of our society, I reckon. Similar to good internet stocks' lows after the dump, another group of people became rich because they bought. I speculate that Tom Lee is aware of this. I speculate that Tom Lee is buying.

https://i.ibb.co/z8mkB4R/image.jpg

Tom Lee, the founder financial analytics boutique Fundstrat, has made a shocking statement about crypto that completely contradicts his earlier prediction.

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze. Lee says that it possibly could be the case.

Source https://u.today/its-possible-that-crypto-industry-is-slowly-bleeding-to-death-says-fundstrats-boss-tom-lee

Quote from: bbc.reporter on October 21, 2019, 02:25:27 AM

Tom Lee, the founder financial analytics boutique Fundstrat, has made a shocking statement about crypto that completely contradicts his earlier prediction.

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze.

He didn't agree, he said "it's possible." Big difference. Of course it's possible.

I personally think Bitcoin is ultra hard money. It has the best monetary properties of any asset on Earth so far, implying much more upside. At the end of the day though, large scale adoption of any form of money requires people putting their confidence/faith in it. This is a social phenomenon and there's no guarantee the best form of money will win. It's still a binary outcome for me: BTC is either headed to the millions or towards $0.

It's nice to see Tom Lee feeling so bearish though. He's a contrarian indicator.

Quote from: bbc.reporter on October 21, 2019, 02:25:27 AM

I speculate that Tom Lee is aware of this. I speculate that Tom Lee is buying.

I hope for him that your speculations are wrong. Tom Lee's model of analyzing this whole market is flawed to its core, so if he put any money where his mouth was/is, he is probably close to broke, or at least, those who entrusted their funds to him lost a lot of money.

One would expect him to quit after being wrong so many times, but it seems that he is waiting for a new bull run to initiate so that there are fresh suckers to fall victim to his flawed understanding of the crypto market. People did better countering his predictions than to follow them, lol. Fundstrat has become Fundrat.

Quote from: bbc.reporter on October 21, 2019, 02:25:27 AM

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze. Lee says that it possibly could be the case.

That's probably the most bearish thing I've ever heard from Tom Lee. Could this be a bottom signal? :o

What happened to $40k by end of year?! https://bitcoinist.com/bitcoin-to-40k-in-the-next-few-months-says-tom-lee/

Quote from: exstasie on October 21, 2019, 07:31:19 PM

Quote from: bbc.reporter on October 21, 2019, 02:25:27 AM

I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

Quote from: marky89 on October 21, 2019, 11:57:14 PM

One thing I realized with these famous personalities having the tendency to put forth outrageous claims of what Bitcoin will be at a certain time is that they are just joking and they are doing it without any trace of being comedic. In the case of Tom Lee, he is probably enjoying the attention the media is heaping up on him so that when the media would like to confirm any possible bullish or bearish trend, he can be serving as the go-to guy. This is just a great entertainment, guys! And there are many more other guys like him in the cryptocurrency industry there is no need for me to mention any name.

Quote from: bbc.reporter on October 22, 2019, 03:57:13 AM

That can be the best thing to do. Whenever someone like Tom Lee opens his mouth, we need to read between the lines so we can get the real message behind. Still, I have some respect for Tom lee as I am sure he also contributed something towards more adoption of cryptocurrency compared to us ordinary guys and just small players.

Quote from: bbc.reporter on October 22, 2019, 03:57:13 AM

~
I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

is "he" bullish/bearish and buys/sells bitcoin or is he just advertising himself as bullish/bearish to get people to invest their money with his company which means he invests with other people's money and only receives his commission no matter what happens to the price?

Quote from: pooya87 on October 23, 2019, 12:23:17 PM

This. I have never seen him talk about being interested in buying Bitcoin or his personal holdings at all, it's just a continuous sales pitch to attract capital from people who are too dumb to invest themselves....

I rather pay a legacy banker to invest my capital than to allow Tom Lee to do it, because I'm quite sure that he will mess up the way he has been messing up for a long time now.... his whole crypto journey is one big failure.

Quote from: bbc.reporter on October 22, 2019, 03:57:13 AM

Good point. He might be playing the market like a fiddle.

He's an equities guy. He knows how to ride the long term bull, so it would be an odd time for him to turn bearish. This is where long term investors should start dip buying if anything.

Quote from: bbc.reporter on October 24, 2019, 04:01:37 AM

Also, if Tom Lee is a contrarian indicator, his prediction of bitcoin pumping together with the S&P500 might not occur. It will be a dump similar to now!

they aren't directly correlated. it's not like gold and the australian dollar, (https://www.babypips.com/learn/forex/as-gold-as-it-gets) which has a direct relationship because australia is a major global gold producer.

bitcoin's relationship with the equities markets is indirect. it's more complicated than "S&P500 up, bitcoin up". i believe however that there is a relationship tied to macroeconomic cycles and global market psychology. it has to do with this idea of "risk on risk off". (https://www.investopedia.com/terms/r/risk-on-risk-off.asp)

when there is lots of cheap capital and it's piling into already inflated markets as investors make riskier and riskier bets, that's a situation where both equities and bitcoin should prosper. and historically that's what has been happening for the better part of the last decade. i think tom is right about that.

tom lee says the bitcoin bull market is back!

https://i.imgur.com/ZWO95ep.png
https://twitter.com/fundstrat/status/1188858045713006592

i gotta say, i agree with him on every point. scary thought, given his status as a contrarian indicator. :P

the macro context is positive, sentiment hit dismal levels before reversing, and the chart is impossible to ignore. i don't know how his BMI works but the fear & greed index agrees too---it was in "fear" or "extreme fear" for the whole past month. https://alternative.me/crypto/fear-and-greed-index/

Tom Lee's lost Chinese brother Bobby is more bullish than him! He should also offer to eat sensitive body parts similar to John McAfee hehehe.

In any case, I speculate another dump in 2 weeks.

https://gritdaily.com/wp-content/uploads/2019/09/bobby-lee-1280x768.jpeg

Bobby Lee, who was at the helm of the world’s oldest cryptocurrency exchange BTCC, thinks there are brighter days ahead for bitcoin. Lee cited that in the coming years, bitcoin is likely to reach the elusive million-dollar mark. He offered the outlook while at the Malta AIBC summit even as bitcoin remains somewhat bearish in the near-term.

Lee expects new waves in the coming years that will drive the price to the six-figure region and eventually cross to $1 million per bitcoin.

Read in full https://zycrypto.com/bullish-call-crypto-veteran-bobby-lee-finds-1000000-bitcoin-price-possible-after-two-more-bubbles/

Is $150,000 Tom Lee's longterm price speculation for bitcoin hehehe? I reckon that a 1,670% increase might not be possible anymore. This would require substantial risk and pumping. How much fiat did it take for bitcoin to be on $20,000 and how much more would it take to be on $150,000?

Bitcoin would need to surge past $150,000 per coin to make an exchange-traded fund for the cryptocurrency work, Fundstrat Global Advisors co-founder Tom Lee said, according to Bloomberg. Such an advance would mark a roughly 1,670% increase from current levels.

Several firms look to ride the hype behind crypto-coins through related ETFs, but the Securities and Exchange Commission has mostly stifled attempts to form such alternative assets. The $200 billion crypto sector enjoyed a moderate recovery from an early-fall trough, but it still has a way to go to meet demand necessary for an ETF, Lee said.

"The SEC needs to punt the ETF until crypto becomes bigger," Lee reportedly said at conference in Singapore on Friday, adding that "demand for an ETF is monstrous."

Large fund releases can bring in around $13 billion in first-year demand, and the buzz around cryptocurrencies remains healthy, according to Lee. His $150,000 estimate requires a 1,670% gain from bitcoin's current price.

Read in full https://markets.businessinsider.com/currencies/news/bitcoin-needs-to-hit-150000-for-etf-possible-tom-lee-2019-11-1028694339

Quote from: bbc.reporter on November 18, 2019, 02:02:07 AM

That only considers demand. Bubbles have been characterized by extremely thin ask sides on exchanges. That's part of the magic. There's hardly any BTC for sale on exchanges, so the price goes exponential.

I think Tom Lee is aiming higher than $150K long term. That's just the price he thinks is necessary to facilitate viable liquidity levels for a Bitcoin ETF.

Quote from: bbc.reporter on November 18, 2019, 02:02:07 AM

That's his forecast? Then the rich will be the last entrants/laggards in Bitcoin's "innovation adoption lifecycle". It might not be too late for the plebs, https://bitcointalk.org/index.php?topic=12156.0

Buy the dip, and? 8)

This must be real bearish times. Fsinsight is Fundstrat's research team. Why are they promoting Craig Wright's scamcoin? Has Tom Lee entered the scamcoin pumping business?

They might have extracted their BSV from their bitcoin private keys hehehe.

Bitcoin SV believes its protocol best represents the original vision for Bitcoin. Specifically, this means that Bitcoin SV does not limit its block size and believes that developers have too much power relative to miners. Today, the network is primarily used for storing metadata. BSV’s goal over the long-term is to provide usage both as a payments network and commodity data ledger (metadata storage). With its ambitious goals, Bitcoin SV is contributing to the necessary protocol design experimentation in crypto. No cryptocurrency has achieved global adoption, thus the space needs projects to continue tinkering with protocol designs to find the optimal one that can accommodate global adoption.

Source https://fsinsight.com/2019/12/04/crypto-special-report-bitcoin-sv-the-big-block-bitcoin-targeting-enterprise-adoption/

Quote from: bbc.reporter on December 06, 2019, 03:44:22 AM

Tom Lee does whatever it takes and says whatever outrageous thing he can to keep his profile in the news for his consulting business which I think is not limited to cryptocurrency.

Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.

Quote from: bbc.reporter on December 08, 2019, 04:06:25 AM

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

I'm sure there are a lot of BSV $$$ out there for his traditional investment arm. However, you are correct if the 'Tom Lee' Brand is associated

with Bitcoin Core on his talk shows and other endeavors, it does 'weaken' his brand, as they say. :)

What do I know it seems like a pretty good gig he has going on all this. :)

One thing for sure about Bitcoin/Crypto, when they put you us someday in the Nursing Home and we are swapping stories, it will be either:

(1) I was damn glad I drank the kool-aid of BTC/Crypto!

or

(2) I am damn sad I drank the kool-aid of BTC/Crypto!

flip a coin :)

Brad

Quote from: bbc.reporter on December 08, 2019, 04:06:25 AM

@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.

Quote from: bbc.reporter on December 08, 2019, 04:06:25 AM

creating a shitcoin by forking bitcoin is one thing and it is done by many. nobody cares about that even if they claim to be "the real bitcoin". but to also claim to be Satoshi in the most obvious scam in the history of bitcoin is another thing.
at this point whoever associates himself with BSV is either the biggest idiot on the planet or has some personal benefits in it. i'd bet it is the later for Tom Lee.

Quote from: pooya87 on December 08, 2019, 06:38:54 AM

at this point whoever associates himself with BSV is either the biggest idiot on the planet or has some personal benefits in it. i'd bet it is the later for Tom Lee.

I can only agree with the above statement, Tom Lee has lost all credibility, and now is turning to controversial topics/people like Faketoshi (anyone watch whole video - is there mention about "I am real Satoshi?") just to get as much attention as possible. I think with this move Tom Lee actually showed how much he understands Bitcoin, and maybe he thinks BSV is just a better version of BTC.

From a perma-bull to someone who thinks USA will ban BTC, and now to supporter of FaketoshiBSV. The next thing I expect is TomLee BTCTC (true coin), and maybe posting "I'm actually Satoshi" :D

Quote from: Searing on December 06, 2019, 09:12:36 PM

That's all it boils down to. No matter what he's said over the past few years, it's always been in the interest of Fundstrat.

Those other CNBC guys like Brian Kelly are always hyping up shitty altcoins too. I don't think they take the same view of BSV that a lot of Bitcoin investors do. To them, it's just another coin.

Quote from: exstasie on December 08, 2019, 07:45:14 PM

Quote from: Searing on December 06, 2019, 09:12:36 PM

Exactly, because he was such a BULL in the past he is riding on this to get him exposure as a BULL in the future. He would not get on such t.v. shows as an

'expert' if he was a BEAR...they have enough 'regular' investment types that can bash BTC for that without bringing in outside 'experts'.

So his only game to keep getting exposure from past efforts is to go bull BULL advisor.

If he was wrong about that and it all goes BULL market to make him look foolish enough, they would dump his ass anyway of the t.v. pundit circuit

so no harm no foul ..to just keep going with the bull trend right/wrong or whatever to keep his niche

I hope he is dead right on such bullish views..but he seems not to have any other tools in his kit...so even for us hoping he is dead right..it can be annoying...

Quote from: pamsugas on December 09, 2019, 07:08:18 AM

like Lee's precedent is wrong, bitcoin is still in the area of $ 7,000 per one bitcoin.
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again

Well grab'd this from the WO thread here on www.bitcointalk.org (http://www.bitcointalk.org)

https://bitcointalk.org/index.php?topic=178336.511680;topicseen (https://bitcointalk.org/index.php?topic=178336.511680;topicseen)

The sub-link in the above thread (read this too) is here:

https://twitter.com/caprioleio/status/1203628681903689728 (https://twitter.com/caprioleio/status/1203628681903689728)

https://i.imgur.com/yKGPqZf.png

So we will see if Tom Lee's Fundstat views have any real merit here soon I guess.

Brad

Quote from: Juggy777 on December 08, 2019, 05:32:42 AM

Quote from: bbc.reporter on December 08, 2019, 04:06:25 AM

I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.

Quote from: bbc.reporter on December 11, 2019, 02:32:30 AM

Quote from: Juggy777 on December 08, 2019, 05:32:42 AM

Quote from: bbc.reporter on December 08, 2019, 04:06:25 AM

I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.

do we even know whether he has any bitcoin at all?
for all we know, he might have never even touched bitcoin. their company certainly doesn't do it. they are just "providing advice", in other words it seems to me like they are earning money by telling others what to do with their money. whether they are right or wrong they make their money. so when they said bitcoin is going to $100k when the bubble at $20k was bursting, they were still making money :D

Quote from: bbc.reporter on December 12, 2019, 04:12:47 AM

@pooya87. I speculate that Tom Lee might be buying during the late months of 2017, holding on all of 2018 and might have begun to dump when bitcoin was on $14,000 this year.

The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.

that would be a very weird strategy to sell one thing that is going down and hold others that are going down even faster or harder! if he has indeed sold any bitcoins that he might have held, then he has surely sold any of the airdrops that he had gotten due to owning bitcoin.
one possibility though could be that he got into those altcoins recently hoping for them to pump as bitcoin starts seeing some positive rises consistently and these altcoin dumps also comes close to being over.

I reckon the Tom Lee contrarians might begin to convert into Tom Lee pumpers? This might be 1 or 2 of the very few times in history that he might make a correct prediction hehehe.

The founder of Fundstrat Tom Lee in an overview report regarding Bitcoin said that BTC has the potential to grow 100% in value by the end of 2020. Although the report has not been released, Lee believes the May halving event will play a major role in the growth.

Lee highlighting some sections of the soon to be released report said that the current Bitcoin price is not reflecting the value of the halving. Lee also shared an excerpt of the report, which said:

“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019.”

The report predicts:

In other words, we see strong probability that Bitcoin gains >100% in 2020.

Read in full https://www.fxstreet.com/cryptocurrencies/news/top-analyst-tom-lee-predicts-bitcoin-100-growth-in-2020-202001140807

Quote from: Febo on January 15, 2020, 04:14:21 AM

Quote from: bbc.reporter on January 15, 2020, 04:03:26 AM

In other words, we see strong probability that Bitcoin gains >100% in 2020.[/glow][/i]

Bitcoin Gold and Bitcoin Diamond and Bitcoin SV and DASH gained 100% in half day. Why would Bitcoin not in a year?

because apples and oranges!

first of all those are pumps not rises. and just like any pump they are always followed by a dump. what we have in bitcoin is a solid rise and if there is any drops it will only be corrections as it is evident from the past 11 years.

secondly every single day for the past decade that altcoin market existed we have been seeing a handful of shitcoins being pumped hard and then dumped harder. 100% is the smallest pump size of these shitcoins. and at the same time it had nothing to do with bitcoin and what it is going to do in the future.

Quote from: bbc.reporter on January 16, 2020, 02:11:58 AM

@pooya87. The past 11 years? Bitcoin was pumped by Mtgox allegedly to its all time highs of that time and it was dumped. 2017 saw another pump by allegedly Tether printer Bitfinex to another all time highs and it was dumped again.

there is a big difference between a bubble and a pump and dump. what i meant by the past 11 years was the overall price movement in comparison. bitcoin goes up in the end no matter what it does in the middle but altcoins go up then down back to where they started and even lower hence their pump and dump.

in a pump and dump, price goes up lets say from $10 to $20 but since it is "pump" it will come down to $10 and then continues going lower to $9->$8->...
in a bubble price goes up from $10 to $20 but since it is a "bubble" it pops and price comes down to $15 and after a while that the bear market ended it continues going back up $16->$17->$20->$25
it would look like this:
https://i.imgur.com/ehO5za7.jpg

Quote from: Searing on January 17, 2020, 03:42:41 AM

Has Tom Lee every speculated what would happen if Craig Wright actually was part of the Tulip Trust and get the private keys to the 'supposed' billions in BTC development coins?

No, however, I am certain that he will be very bullish hhehehhee.

In any case, why do I have a feeling that he and his clients are selling again? He makes bullish predictions on CNBC, bitcoin is red.

Bitcoin bull Thomas Lee, head of research at Fundstrat Global Advisors, is predicting another good year for the world’s most dominant cryptocurrency.

Lee argues,

“This is bullish for Bitcoin. And then with geopolitical tensions in the Middle East, that’s good for crypto. So, there should be a lot of tailwinds. We’re getting a lot more interest in it as well from our clients.”

Read in full https://dailyhodl.com/2020/01/24/fundstrats-tom-lee-says-clients-showing-increasing-interest-in-bitcoin-btc-predict-big-year-for-leading-cyptocurrency/

This is the skeptical me's translation of Tom Lee's statmement. Will everyone please stop dumping your shares to give myself and my clients more time to dump our shares hehehehe.

He also mentioned stocks are beginning to appear like cryptocharts. This might be Tom Lee's 2018 for stocks hehe.

Lee says that the degree of investor panic over the coronavirus is unwarranted, reports MarketWatch.

“Because of the idiosyncratic nature of a potential pandemic, it is really difficult to know when it is priced in.”

The analyst also forecasts that the stock market could bottom out and ignite a V-shaped reversal that would signal a sharp rally after the severe correction.

Source https://dailyhodl.com/2020/03/01/fundstrat-analyst-tom-lee-says-stocks-are-starting-to-look-like-crypto-with-3-18-trillion-wiped-out-in-five-days/

This article was shared by Tom Lee on social media.

As long as bitcoin's ups and downs in price is very correlated to equities, I reckon that the contents of this article might also be appropriate to the bitcoin speculators.

The article also implies that Trump should win if you want a more bullish market hehehehe.

An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P’s 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.

Also of note is the change in the yearend rally. Prior to 1987, from the close of trading on the Friday after Thanksgiving to yearend, the S&P 500 rallied only 20 times in 35 years. As Thanksgiving bullishness lost steam in 1987, the rally afterwards occurred more frequently. Since 1987, S&P 500 has logged gains in 24 of 31 years from the close on Friday after Thanksgiving to yearend.

Source https://jeffhirsch.tumblr.com/post/630234708561821696/sp-500-october-gains-frequently-precede

Bitcoin Forum

Economy => Speculation => Topic started by: bbc.reporter on July 19, 2019, 01:53:09 AM