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Tom Lee of Fundstrat: Bitcoin Bulls to Return in 2019

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

Tom Lee of Fundstrat Global Advisors has once again given cryptocurrency market predictions. The long-term Bitcoin bull stated earlier that sentiment will once again turn positive during 2019.

Lee draws on technical, macro, and fundamental indicators to make these conclusions.

Read in full https://www.newsbtc.com/2019/03/14/lee-bitcoin-bulls-2019/

I think most people believe the next bull run will get started later this year. If this market cycle is fairly similar in terms of duration to the last market cycle then it will absolutely be starting this year as that would put it at starting around the end of the summer (if the bottom lasted the exact same amount of time as in 2015). Roughly I'd say sometime second half of 2019 we should see the bull market start.

unlike previous Tom Lee predictions this time we have every reason to believe this year we will see the bull runs begin. last year we were still in bear mode which in my opinion should not have lasted that long but it did. in any case after longer than a year of drop and a gigantic 85% drop from $20k to $3k it is time to start rising back up again.
and if history is any indication we are back in 2015 where the rises were beginning after a long drop and a long accumulation at a bottom.

I do not believe in predictions cause sometimes the opposite happens. I will only wait what will happen this year if bears will still dominate the market or the bulls will rule this whole year.

Don't believe on anyone's word when it is related to crypto currency because everyone will look for their benefits so they can maniuplate the prices by giving these predictions.

If no bull run on 2019,it will happen in 2020 or in 2021 or even later but it will happen. ;)

Your thought really great in this thread, because most of the peoples are panic and fear to participate in crypto platform. But everything is our own efforts because still crypto trading makes good profit so those are interested to join right platform they never loose the money and we should expect gradual increase in upcoming months. I hope end of the year we will see some good jump.

We are already in March and we haven't seen any considerable increase in the market cap or in the bitcoin price. In my opinion it will be crucial to see if anything is going to happen till April. If we don't have any sign till then, I believe that 2019 is going to be a tough year for all of us as well. Personally, I have faith that we are going to reverse the situation this year.

Its a bit hard to predict and, its not prediction from the expert that moves the price, its people transaction volume, so one person prediction couldn't make the market to turnover, from the news and enthusiasm the market supposed to be healing, but from the chart its a bit weak to make positive uptrend, so the bitcoin still moving sideway, although there are so many good and positive news I think the investors still hesitate to invest

Considering the market moves that's happening around with time it is truly a difficult task to predict what happens next in the market. Tom's predictions were realistic and has happened as predicted. This time there is more chance for stabilized growth than steep gains which can't be termed a perfect bull trend.

This guy is bullish in bitcoin, even at bear market he is still saying a bullish prediction.
Nothing new to him but somehow I like that he is saying this things because he is an influential person, and he will be a great help
when bitcoin starts to be bullish as newbie will certainly follow his prediction, you know the FOMO thing.

First off, that picture is not Tom Lee of Fundstrat but Jamie Dimon of JPMorgan,  ;D

Second, We all know that Tom Lee is perma-bull, so don't be surprised by such statements coming from him. And he is basing all of it from the Bakkt bitcoin future contracts and Fidelity's custodian solution. So even casuals know that this kind of positive things will really have a good impact to the market that will really push the price, that is if we are going to see Bakkt going live this year.

No one can determine the market situation properly. Crypto prices can never be predicted correctly. The fluctuating market situation has also made it difficult for everyone to determine their investment. Influential people can definitely change the paradigm and public view quickly. but believe that everyone must have their own thoughts.

That's Jamie Dimon, by the way. ;)

At this point we can't even be sure if Tom Lee is a contrarian indicator. He's just a perma-bull. At some point, the market will bottom out for good regardless of what he says. We could have a "broken clock is right twice a day" situation brewing.

If 2019 turns out anything like 2015, he'll be right this time.

Predictions? Well, it seems prediction are contrary to what we really expect but that happens sometimes and not all the time. If he's correct then let it be and we should be thankful about it, if he's not then don't curse/blame him because, we in the first place believe on what he says.

I believe we are on the right track on where we choose to stay and that's believing to cryptocurrency mass adoption.

When I first read the title and went through your post honestly I was bit puzzled, I had to read it for the third time to realise this was a sarcasm directed at Jamie (who’s shown in the picture lol). I have read his forecast and I hope for his sake he gets it right this time as public sentiments are quite high. However considering last year he got carried away, many people may not believe his words easily this time.

i don't think anybody is disagreeing about the eventual bull run. at least nobody with brain is going to disagree with you as long as they are giving honest opinion.
the disagreement is about when it is going to start! i am one of those who say there should not be that much time left before we see rises start.

Isn't he already bored with these predictions. I mean dude makes predictions every 15 days and people keep asking him what his next prediction is twice a month. If I was him I would just be bored and say "what I said last time still applies today" and move on with my life.

Trying to change your predictions every 15 days and try to say something even more different than what I said last time to make headlines at least in crypto world to get more attention must get boring after a while. Let's assume I am a known person and everybody knows my name, I wouldn't want to make headlines every once in a while to keep my name up there.

I would try to do something that is actually great to make people love me, just predictions after predictions is not something I would want to be known for.

Most people know & accept that there won’t be any sign of an epic bull run in 2019. It’s not a problem for those  of us who have patience though. We’re in an accumulation phase, a period of low volatility & sideways price action so do what you’re supposed to be doing & buy cheap bitcoin’s.

We’ll probably see an uptrend in Q3 - Q4 of 2019, the price will start rise as we approach the next halving & then moon in 2021 - 2022.

We’ve been here before, we know the drill by now. Those of you who can’t take the heat GTFO the kitchen.

https://media2.giphy.com/media/I4UhtUMzOrQSQ/giphy.gif?cid=19f5b51a5c8bd0b07151454955037e25

Sometimes predicting the price of the bitcoin will gived you motiavte you to hold because you are thingking of what possible to get profit your in the future. Yes sometimes the most prediction is the opposite of what most prediction of the trader. Waiting is good but if you are trader you need to predict the value of that coin to know your target. Likw for mE I believe bull run will happen.

These guys repeat like parrots what the previous "expert" said and they just add a twist (they change the BTC/$ price prediction or say it will be ok in 2019). Everyone is saying the same thing and it's just a random prediction or a random bet... and a lot of them don't come back to say they were wrong.

It's easy to say "Bitcoin will turn to positive in 2019" you have 50% to win, Heads or Tails

His prediction sometimes makes sense because it was based purely on his own technical analyzation. It was properly backed up and not just a prediction that came out of nowhere.

But since crypto is unpredictable, really expect that even how properly backed up any speculation is, it will be spoiled anytime or in short, a failed prediction.

Up to others now if they will buy someone's prediction or will stick to their own thoughts. Predictions are part of crypto ecosystem so we should be used to it.

Believing is our perspective, and behind all of that motivations we're all capable of making it as preference for the future success. If bull run will happen, then so be it and enjoy what it has going to commence. When that will turn to be reality, that will prove all those speculative ideas were right and it's going into fulfilment. The predictions really can help, it did contribute to the growing economy of bitcoin and whole cryptocurrency which now kept recovery it's current state despite of bearish market that's currently happening these days. This 2019, bull run might happen surprisingly and that's possible to happen as long as transactions will kept on growing.

has been like this since last year, these analysts do not give up making predictions that never hit. Year 2017 was a unique year and we will not see increases like the year 2017, we have to forget this comparison

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when December comes, he will pass another shame

Unfortunately, market doesn't act according to our wishes. Many expected to see bull run from the very begininig of 2019 but that didn't happen. As the year goes by many are becoming more and more disappointed thinking this will be another year of losses. Of course there is always a chance for market to recover and price goes up but currently it doesn't look like some major changes will happen. Maybe second half of the year will bring some changes but even if this happens I don't expect to see price bigger than 6k or 7k this year.

None's prediction become true at last. Its based on their experience they come up with conclusion but what happens behind is completely different. Last few days growth trend has been good and even current day's growth is still on green though it has not moved up too much. Its travelling between $3890
and $3930. Hope this trend leads to a good bull run by June.

I don't think predicting the price of bitcoin is good for the space right now. The crypto industry needs more development or rather standardization before we can accurately predict what the market would be like. Trying to say bitcoin will beat it's previous all time high at this current rate in the short term is fallacy.

I agree with Lee that the bull market will commence in 2019 end and in 2020 we are going to have full blow bullish market.  I think now remain the best and the right time buy bitcoin and others cryptocurrencies and keep holding.

We have different thinl this year if the bull market happens or not and that's a controversial question until now have no answer.
People think people run is good because they motivate people to invest again their money and possible to happen bull run if the people are positive.

Lmao. I like how they added that he used "fundamental, TA, and macro indicators" at the end, while basically every single prediction that he has made in his career of spewing out sensationalist headline predictions has pretty much been all unbased, and has very rarely resulted in success.

I don't think that 2019 will see a bull market, at least not a full fledged one.

There may be a trend reversal (which we are already seeing at the moment, but have to see if it'll last), but as far as FOMO and percentage growth goes, I don't think it's safe to say it'll happen this year to the scale of 2017 yet.

It's much more likely that we'll see such FOMO build up in the market closer to the halving in 2020-2021 based on the historical cycles that bitcoin price tends to follow. Even then, it could be possible that this time round, the bull market results in much less volatility, as market cap has already grown substantially.

I think whales will push the bull run next year since the halving will take on 2020, but there is also a possibility that a quick bull run might occur this year then stop and then continue the bull run next year.

Anyway, everything could be possible to happen though I don't really trust these people who give a prediction that's way too out of reality.

First, he's not the one alone who runs the whole crypto industry and hey, he's not even Satoshi (or Godfather of Bitcoin).
Second, aye come on, why many so bear threads poppin up lately? Just to make everyone believe that BTC will remain ^dead^ this whole year? Well, all those fundamentals, TA and blah blah are indicating positive signs and looks like institutions have already taken their positions by buying BTC at almost 1/7th its ATH. Ya all must be getting news that 1000s of 10000s of BTC being accumulated through OTC deals almost every single day.

Well, it's interesting, but it would have been great if he had shown his technical analysis and conclusions of his fundamental analysis,  he talks about positive news such as the approval of ETF and BAKKT, is something that could give him a lot of credit.

I imagine that the projections are not so out of the ordinary, I study the market according to Wyckoff's philosophy, and I know that we are in a phase of accumulation and we do not know when it will end.

 He says that this year 2019 will practically start the Bitcoin bullish trend, it's a statement that I give credit because I know it can happen, although I think it's quick but possible.

The sarcasm was directed at Tom Lee who has gained a following here in the forum as the leading bitcoin contrarian indicator.

However, there are some people who are beginning to consider that he might be correct this time. Does that make him a stronger contrarian indicator or weaker hehehe?

Tom Lee, one of the most influential people in the whole crypto universe, predicted that Bitcoin would enter bull market in 2019, however can we take it seriously if some of his predictions did not come true in the past? For now most of the people are waiting for the return of crypto prices

Just goes to show that TA can be manoeuvred to fit any desired outcome. Doesn't mean squat to eventual outcome, though, as Bitcoin does and will do what it likes.

I didn't need to build a chart to expect 2019 was not going to see a bull. We knew this for over a year now. Why are people still expecting one so soon? If it comes now, it'll be too weak to push for sustained 5-digits, much less a new ATH.

There is no reason to trust predictions. Different predictions will come out from different people's. All predictions could not be true. Perhaps 1 prediction will match with bitcoin trend. But who know which prediction will true. Every one will show legitimate regarding their predictions but unfortunately bitcoin following it's own way. Hoping 2019 will start bull run, atleast nearly 10K, it's not my predictions, it's just my expectation.

Well base on my research, others saying that it will happen only unless  if more investors and traders continue to choose to trade on some big exchange instead of holding their capital on their wallet .because like what they said wherein that is the common reason now why market still very stagnant. But for me in my own opinion i don't believe on it since there is still some whales that always exist and control the growth rate of market .wherein in my view of course there's a bull but good for gaining quick profits only.  

Tom Lee cant be used as a contrary indicator right now, because we arent anymore in 2018. The most intense phase of the bear market had already passed, so whatever he says now, cant be used to indicate the contrary. Only banksters desire a eternal bear market for bitcoin, because they hate the asset.

We are already four full months at the 3k range. This is more time than we had in the 6k range (and I mean continuously, without any spike to the upper levels of 9k and 12k). The most we had was a visit to 4k, a fake bull run which lasted for some days.

There are rumours the chinese mining companies will turn their machines on in May. Implying they had dumped their coins during the bear market (to cover for the BCash fork wars, for example), they could re-buy the coins and cause a spike back to 6k, which still would not be a bull market, but it will bring bitcoin to recovery. For now, the bear market have not ended, but the capitulation phase have already passed. You can check the classical bubble chart to see where we are now.

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8PDaE2f.jpg%26t%3D598%26c%3DrA1GzVi1UFj8jw&t=599&c=aZwNLis-qGDzIA

some people around the forum tend to confuse bull market with setting a new ATH which are not at all the same thing. there will not be a new ATH in 2019 because simply bitcoin is not a pump and dump that can be pumped that much in such a short time!
but there will be a bull market because it is the only possible healthy market movement that we can have this year after 85% drop over the course of 15+ months. continuing down this path is just as unhealthy as if we continued down the path of rise to $20k and beyond in 2017.

So it will depend on you, whether you believe him or not. But one thing that you should remember, that still a prediction that might be happening or not because he doesn't know what will happen in this year or the next year. You can accept what his saying but you need to check by yourself, so you can decide if the bull market will happen in this year or not. We will see some news like that in the short time before this year is ending so it's better we prepare our coins and don't miss the chance to sell at the bull market.

Whether it happen or not, I personally think this is a great opportunity to purchase bitcoin and and others cryptocurrencies and keep holding. They have the ability to do what they need. Along these lines, it's most critical that don't dive blindly, but make own research.

TA gets a lot of hate because it has so many bad practitioners who give it a bad name. It's not supposed to be used for curve fitting and confirming biases but many people use it that way.

Tom Lee's analysis isn't so much based on TA anyway. He's a fundamentals guy from the equity markets. He ignores TA in favor of crappy metrics like the number of Bitcoin wallets/addresses being used. I like the idea behind his Bitcoin Misery Index (measuring sentiment for investor capitulation) but since it's proprietary, I have no idea what he's using for his data. It's apparently not price though.

It is very good that more and more positive information appears. Let us hope that this is a sign of the upcoming trend change. I think that we will have to wait a few more months for the classic bull run, but we can probably stop being afraid of bears.

Personally I see Tom Lee as someone who wants to stay relevant in the cryptos system most often prediction of price of bitcoin is always attributed to him. However all his so-called predictions may not come to pass due to the fact that pricing of bitcoin is connected with many fundamentals and factors of he (Tom Lee) do not control over them his prediction using technical Analysis might be defies by the price of bitcoin as usual.

yes of course be confident always and grab all the opportunities whille there's a chance which is even though there is no bull season always think positive for it. Indeed everything is temporary especially on this so volatile market. So be smart enough and accumulate for the future instead relying on others predictions before making a plan to make a move. 

All his prediction is all bullish if I'm not mistaken, therefore we can say that he might be bias sometimes.
For bullish investors, they will agree on what this guy would say but it's nice to have a lot of sources in order to analyze things effectively.

Well, I know that we haven't started to see the bull run in the price of coins and this is getting frustrating and making a lot of people loss hope in crypto but I can assure you guys that the bull run is not going to go pass this year, it might start late maybe at the fourth quarter of the year but it will surely come when we list expected, so the best thing to do is to make purchase of bitcoin while it's still cheap to avoid missing out again from the bull run.

If you mean that the bull run will happen when we don't expect it, then you're right. The thing however is that people have prepared themselves for a bull run by holding their coins firmly.

In that case people do actually expect a bull run to happen, and we'll face strong waves of selling pressure that will prevent us from going up in a confident manner. People need to lose faith in Bitcoin and crypto first.

2017s bull run was so extreme because people didn't prepare themselves for it by buying Bitcoin beforehand, which unfortunately is the case right now. The amount of speculation right now is beyond insane.

A lot needs to happen to ignite a bull run. ICOs booming, high demand for institutional grade products, crypto funds going all in, and the list goes on. We're very far away from that....

No bull market for 2019 is fine with me but one thing is for sure that the time will come for Bitcoin and it'll set its all time high once again, of course no one knows when will it happen but we're all positive with that. Actually I don't see any reason for a bull market. 

I'm predicting that the price of Bitcoin will gradually increase just for now and would spike on year 2022.

Now onwards we can expect gradual growth, though the market is down gradual growth causes big rise in price long term. Price fell low to $3000 and now it has crossed $4000, which is through gradual growth. There is no big bull run, similar kind of growth needs to last so that even before the year end we can reach at least &$15000 without any bull market.

This analysis might be more sensible than Tom Lee's misplaced overbullishness. However, there are questionable predictions in the report like the explosive advancement of blockchain 3.0.

Their next report might be a big advertisment of those blockchain 3.0 platforms hehehe.



A blockchain-focused think tank, the DD Think Tank, has recently suggested that Bitcoin’s current market cycle could last until May 2020, after analyzing over “100,000 pieces of data of the global cryptocurrency industry.”

According to ChainDD’s 2018-2019 Cryptocurrency Market Annual Report, the cryptocurrency ecosystem is set to keep on developing in the near future, but the market will only turn bullish after Bitcoin’s halving event in 2020, when the amount of new BTC introduced into the market drops from 12.5 BTC per block to 6.25.

Read in full https://www.cryptoglobe.com/latest/2019/03/bitcoin-s-current-market-cycle-will-last-until-may-2020-blockchain-think-tank-claims/

Source of the report https://www.chaindd.com/3175909.html

I am be of the same opinion with Tom Lee that this year will be a "repair" for bitcoin. As we can see, the long bear market  was eventually correcting right now. Some may say that the bitcoin's price of $3,000 is rare and 2019 is the time that the bull is intensely approaching because of that hard fork competitions. But I can still sense that bitcoin will recover soon and many huge bull run will appear in the market.

Lol. I highly doubt that. A gradual steady growth would likely put us at 8 or 9k at best. That is without any legitimate bull runs. We probably shouldn't be thinking of anything past 10k at this point because it'll take a lot of hype and confidence for us to achieve that.

The longer the bear market gets the more whales collect bitcoin and the the higher their bitcoin amount gets the harder it will be for them to sell all of them at once at a higher price. So, at one point I feel like Tom Lee is right about his bullishness since the whales will eventually have to stop buying because they can't continue buying all bitcoins, like you can't expect one person to have all 18 million bitcoins right? Or just couple companies? Maybe a bunch of companies?

None of them sounds correct because bitcoin is owned by millions and that is how it has been forever so eventually these whales will stop buying and at that moment we will see bitcoin rising again and the longer we are in bear market means the closer we are getting to that point.

I've feel also that Mr. Lee is right, 2019 is all about market repairs and never have collected huge market resistance. But then, the market still pre-determined of its sustainability to fight against odds. As we can see that prices may move slowly upward and might we all think that we are nearly to start for bull run but Mr. Lee never have it in his mind. Maybe he could say that this increase is just a normal fluctuation and never attached for bull run.

BULL IS BULL whether gradual or sharp, $15,000 at the end of the year is not a bad idea at all, it is even better for the Bitcoin to gradually grow in price till it reaches its target than the sharp pump it usually experience that makes people easy dump the coin.

If it grows gradually into the $15k, a lot of investors can still come in at any time they wish to come into the market to invest without the fear of missing out, it will also make it easy for the market to be studied and predicted.

Regardless of when bullish occurs, but the opportunity to buy at this time does exist, the price is very low compared to the number of existing users. if you want to be rich, buy as many bitcoins as possible/ when the trend changes, I'm sure the price will break through the new ATH, just like 2017

I agree with you, and according to Wyckoff's theory when analyzing the market gives that result, then from a speculator's point of view it is good strategy, and from an Investor's point of view it is also good, what it means for investors is, Let them stay in Hold and wait as long as it is necessary until the trend changes, at that moment when the bitcoin takes its bullish phase one could think of what high levels it can sell.

Just as the great speculators and investors did in the years 1800 to 1900 where they bought shares in the Stock Market and kept them for up to 3 years to sell, the same strategy can be applied in Cypto.

Thanks for sharing those good thoughts  . hodling is really powerful among other acts because this is the only one that can provide you a maximum income . the longer you hodl the better possible profit that you'l get .  i also agree on the guys above that buying is still a good thing to do knowing that the bull for this year is not yet confirmed but i see that the market is now slowly showing a signs of increase and stability . is this also a sign of a bull trap or what  ?

Tom Lee already gave predictions that were not realized. Although to be honest, I rather agree with what he is saying than disagree. I also believe that 2019 will be positive for Bitcoin, but this positive may not come very soon, but only by the end of the year.

We have nothing to lose if we believe on any predictions, its still good to hear a good prediction that to those who spread FUD news. The bull can still come in the middle of 2019, hopefully but as I can see in the market movements right now, I think its hard for bitcoin to make a new peak again this year. Even if there's no real bull market, I hope for a higher price at the end of the year and its more possible for sure.

OP is right because even though the market starts recovering but it is not the indication if bull run, due to because already potential coin prices touched very deep level. So those prices starts recovering and the same thing with the bitcoin price too, so we need to be very patient until we see bull run from the market.

We are already in a bull market and going up constantly since the $3.1k dip.

It is following the exact pattern which happened between 2014-2017.

It'll take a while before it reaches the mania phase so you better start accumulating now.

why , no bull for 1 year?
i think every year bitcoin have a bull . especially in summer
and the current cheap prices

Supposedly it have base in previous years but we miss it last year where the market still falling hard. This year might shows some market workouts and it may have some indications for the bull market. The price moving slowly but could be good enough to think that were into going up again and looking at that there is a mass adoption in crypto this year.

I believe also that this year is not as bad as last year. the trend has shifted and many investors have begun to forget what happened last year about their losses, new hopes have emerged. the peak will probably happen next year but this year at least prices will rise quite high..

No one can really tell,but lets be thankful that people like Tom Lee are now bringing highlights for all of us here,though were in almost Q2 now and bitcoin price is staying stable in $4,000 range still we are looking for good indicators for us to re invest again.hope in before Q3 we will see some best views for the new bullrun

You are correct . this year is indeed not bad compare to previous year because on the first quarter we already witness that cryptos are starting to show a signs of recovery especially bitcoin .  bitcoin currently is rising and sitting at 4k+ usd  .

  i only disagree when you say that the peak will happen next year , why wait next year when the peak can happen now ?   As i said earlier the price is now at 4k+ usd  but wait until next week or at next quarter of the year and you will see what im talking about  .

I think the market was badly injured through the last abnormal bull that happened, the market would have recovered faster if those people that profited from the last bull had invested in the market back or invested in a project that has need for crypto currency but majority of them went and invested in other fixed assets instead of the digital assets, it might really take time for this market to fully recover.

So, we really need lots of patience till like middle of next year before we can start thinking of profits on our current investment but I don’t want sudden hike in price like last one because it will end up creating more dump.

I would like to be fully sure that this is the end of the bear market .. I agree that this is a good time for coin accumulation, but only because the probability of further price drops compared to the growth opportunities is very small. In other words, it is better to buy now and in the case of a worse scenario earn less, than buy later and earn much more less.

Those who said there's no bull run might regret when the price starts to pump.
What I am expecting is that we will have a big recovery this year, this market is not always bearish, therefore it's time for a change.

People do make their prediction based on TA or many factors but they cannot be right all the time, crypto will once again surprise us and we will not see it coming.

That is some good growth on the first quarter of 2019 but the real thing now needed is the price needs to keep going even if the growth rate is slower if we want to see bull run at the end of this year.

I am not too quick to believe in other people's predictions and swallow it raw in my mind, the trip in 2019 is still long and I think there are still opportunities for the bull market.

April will begin in a few days, but for now we are seeing a surprisingly stable cryptocurrency market. It is more incredible than even a sharp rise or fall in the market. However, for the second year in a row, the cryptocurrency market probably cannot fall and stagnate. We have already broken all records for the duration of the bear market. Apparently, as early as next month we can see slow but steady growth.

I think these news are just for the manipulation for the market and has no real  impact. I can safely assume that bitcoin is following the last 4 years pattern and it will more or less move sideways. This will be good to get some nice profits from the altcoins. The Real bull run will start after June 2020, after the halving of bitcoin.

It is best to partake in the investment now and wait for a long term. Normally, the bull run we have experienced in the past is my personal belief that it was an abnormal one, the last one came as a result of a manipulation from somewhere causing sudden spike in price. The real bull run takes time and does not come easily or sharply but gradually.

If we look at the bull of stock market, it usually come and stays for a long term which is the way a normally healthy bull run should operate, we just have to be very patient to be able to have a very healthy bull that will not come to an end suddenly and keep us in a bear market for a very long term. 

We should expect more bullish trend this year than last year and it might not be in this first quarter of the year but the second quarter or third quarter of the year.  I strongly believe that the cryptocurrencies markets is better now than last year when we were having a lot of fear and anxiety about the market.

Im going to tell you that every bitcoiner is waiting to new bull run start tomorrow already.
It's OK to make prognoses on previous years and so on, but each year is unique for crypto and nobody actually knows how it will behave itself today or by the end of the year.

Are we talking about the same crypto market? The way I see it is that last year people were overly bullish, and they got punished for that. Right now we're experiencing the opposite of that, so we have to give it some time to see if they once again get punished, but in the other direction now due to how overly bearish they are.

We haven't had a serious breakout lately, which is what spices things up and helps us put things into perspective better.

There will be more, and that's going to happen, that's the thing that comes in my mind.
I'm am more bullish this year as I was thinking of marker recovery, the pump and dump is normal but bullish will be more dominant.


Because we already get rid of the weak hands, as the market fall, the more that are left are the strong people, because weak hands will panic and dump.

Every year their are someone that tells "we're going to recover this year" but look at last year. The opposite thing happened. I'm not telling that I don't want a bull run, of course I am but i'm just realistic. If ever there is, then it's great but tbh even at this rate, what price has been showing off, I still don't believe that much, that we're going to have a bull run.

I think just like his past predictions this one will be the same too since there's no concrete basis to back up his statement. Well bull run will definitely come but we cant exactly predict when it will going to happen. It can happen few weeks, months or years from now but what important is it will occur lets just be positive and dont be tired of waiting.

The second quarter of this year is approaching, its another chapter so who knows this might be the start of good changes in the market.

Time is a healer....  :-*

The price showing off now is even better compared to the price it was in April 2017 before the bull run started, so for the fact that the price is low now doesn’t mean things cannot change around like 2017 and start increasing drastically. I know we have to be realistic sometimes but we can just be realistic in our heart but promote BTC openly.

Our negative prediction sometimes is the one not helping the market, it is not that we don’t have so many investors that are currently willing to invest in this bear market but they are still watching situation of things and reading that BTC will still fall will make them will delay them in investing now hoping to buy at price fall. We need to encourage so many people to invest now if we really want to see the bull run.

Time shall surely tell if bitcoin bull run will commence this year 2019! I have seeing many speculations this days and some are in favour of bitcoin why others are against it but if we can wait for time we would surely find out if this is truth or not.
However,  from all indications,  bitcoin is currently at the bottom and it is truth that we can succeed in our investments if we can buy at the bottom and sell when the bull run is at  it pick. 

I am not too frustrated with all the predictions that there will be no bullish in 2019, it is only a prediction that is not necessarily true and I will stick to the principle of holding and waiting for bullish.

Yes, there is always a time for everything and like you said, time will always tell the events of bitcoin, but time will not help us increase the value of bitcoin if we don’t work ahead for what time will speak. Remember that we are all waiting for future to see what will happen to BTC without us who are already in the system doing what will attract investors to invest in order to create a positive record for what the time will tell in future.

There are some things every investors too must stop doing if we are expecting time to tell us something good, we must stop dumping on these good projects, we need to start seeing our Bitcoin as digital asset to hold for a very long time.

This could be valid, only if we hit another lower low this year. If we are already bottomed, consolidation period should not be longer than one year I think. "No bull market in 2019." I am prepared mentally for that scenario, too.

Just buy Bitcoin... We are at a low, the tech is solid, we've seen this all before.... That's what I meant with time is a healer. Positive times are coming  8)

I think you should not blindly trust the predictions of people like Tom Lee, because some time ago, the forecasts that he gave earlier did not come true, but logic suggests that there is some truth in his present words, naturally, 2019 will be an important year when the bulls again win bears. No one doubts this.

Until now the market still looks slow, the movement that has not shown a high bull. We must indeed be able to judge and make our views positive in order to convince ourselves for the future. Movements in the market provide concrete evidence of a bull or not this year. It's better to follow market movements and requests to know more about what's happening.

Investors' confidence weren't only affected by the fork wars so to speak, there are numerous other negative players to that effect. And while we thought the scale up of the derivatives market will do justice to Wall Street influx, cboe's backing out of futures doesn't seem to portray a healthy state of things in that direction.

I'd say leave predictions and speculations, and let's focus on utility. Venezuela's hyper inflated economy isn't an ideal environment for utility-test, it only suggests that crypto space far appeals to Third World economies.

In short, bitcoin and crypto in general need more time to truly prove to be the alternative to legacy financial systems, probably a decade or two more.

Unfortunately some traders just want to treat trading easy, they will also be FOMO when they listen to this some expert and that is their fault.
There are good experts who very influential and they can make good predictions, but they are not perfect, so we should do our job also to analyze what they say. Remember that we have our own journey and the future result is always based on our own action.

Indeed. There is really no experts in predicting what will happen to the market of state of cryptocurrency, so better to only believe to your instinct and don't be carried away. Also, don't just rely on one source. Let's be smart in weighing the strong points of articles that we can't avoid to read.

Instinct is the only factor that can help. So, as long as the uncertainty continues, I do not have idea how to behave. But it might be a good choice to invest as much as you can risk. Please note that those who could take risks at right time could make a profit.

I think it will get bullish before the summer comes, like over $6k and so forth during may month for example but over time during summer it will once again drop a bit, maybe not drop to $4k again but definitely drop to $5k or even slightly less during the summer times because during summer its easier for people to spend bitcoin, they use expedia and they go to other countries and they cash out there if they can and all that, people look for all bitcoin vacations during summer times which allow the bitcoin to go back down a bit.

Nevertheless, after that come this September and afterwards I feel like it will go even higher, close to 8k and all that, which I think would be a sensible price to close the year. If you can go x2 in anything for an investment for a whole year than you would be happy.

2019 isn't done yet. The bulls are eating lol. Mostly bull runs happens in every last 4 months of the year. Last week it raised up and it is a sample of this year will be the year of bulls since 2018 was the year of bears. Does price analyst really predicts the exact price? It is a big no. Even we ask some legendary members here like LoyceV if he knows what will happening the price of bitcoin. The market is not stable so don't expect a higher value if you only have a few stocks there.

People who will invest must know risk first so they're not blame anything or other people if they loss in their investment. That is why this thing must spread all over the world so people can understand if anything can happen with bitcoin price.

The current happening in the cryptocurrencies market is just the beginning and if you are good in following the market you will understand that at the end of the year that is when bitcoin and others cryptocurrencies do get pump.  I think we should be awaiting for that since we are moving closer to the middle of the year and I strongly believe that 2019 is going to be a semi bullish year.

You could be correct, the last time we saw the bull, it started in the 2nd half of the year but we've seen some good increase in the last quarter of th year. We even have a good start now and therefore we should not loss our hope that this year is going to be a bullish year.
We are going to halving, and this brings positive things to investors.

Must be optimistic that bitcoin will rise again, even though the market still looks slow, today's bitcoin price is USD 5027 and this movement is still able to increase prices to continue to increase.
Without busy trading it will be difficult to raise prices even though there are no negative issues about bitcoin, because bitcoin owners don't enthusiastically trade in the bitcoin they have.

The only thing we can do right now is waiting for the bull comes while we can add more coins in our wallet so when the bulls come, we can make a big profit. Like other people, I hope that the bull market will happen in this year so we can comeback to make a lot of money like 2017 and then we can wait the down time of the crypto so we can buy the coins again. The bull market itself is hard to predict, and no one will know when it's happening.

Technically though, the bulls have arrived since last month. Again, we have been in the positive side for the last two months already so they are here inside the crypto space.

However, it is not evident, or shall we shall investors still think that we are not in a bull run because we are not posting like 10%-20% per day just like in the last bull run we have.

But definitely, the market is brewing already we have made a significant jump from the all time low of $3200 to $5k now. So I don't know, maybe we can categorized this as "mildly" bull run.

Yea, I am sure the remaining part of this year will still play a vital role in the price increase of Bitcoin and many other altcoins, as I think people make more money generally from 2nd quarter of the year than first quarter, and more money mean more funds into the marketcap.

Because, many people with funds will be looking for areas they can invest their money into, and as many awareness is being created such as the one Tom Lee is doing too and many other great analyst, we will have some interest buddies that will choose to put in their funds into bitcoin investment, which will assist the price of the market, especially that of BTC to grow.

Bitcoin has a rise and this is quite good for holders, but for altcoin, many are down so the opportunity to adopt is still there. Until now the market does look pumped instead of bulls but we remain optimistic that there will be bulls for the next few months.

Time to be optimistic for altcoin holder, bitcoin has not fully rise yet, yes we have an increase but it's still small compared to what was previously hit.
If you keep following the trend and analyze it, altcoins always rise when there is a bull run, but right after BTC's bull run.

The price of Bitcoin and Altcoin has the same opportunity to increase. so in my opinion both are promising investments. Choose Bitcoin and choose altcoins that have good potential, so you get a chance to make a big profit. The potential for an increase is very large, so don't be late in making decisions.

Some altcoins have never waking up even the market is moving cause they are dead already and no chances that it will follows with the market trends.
The current flows never good enough to say that we are leaving bear season and moving forward with the bulls. I supposed to think that earlier but somehow it never recovers until today.

I think is too soon to say that, i think a bull run can happen even this year, we can't take any prediction as a good, and listen to all news, maybe with some of these news someone just want to buy more cheap coins if another people sell it.

We need to be optimistic that it will happen soon, it's not impossible that it will happen this year, provided fresh money will come in again.
If whales only will manipulate the market, that's not gonna happen, but the definition of the bullish market in crypto includes some action of the buyers that will be in FOMO, haven't seen the FOMO yet so if it will arrive, prepare for a new ATH.

I agree with you. being more optimistic is currently needed to make further development. thinking that there is no bull market at the moment just making oversight, and our expectations are reduced. I really hope and believe that this will happen this year, so I do everything to prepare for it. maybe the beginning of a bull market was priced at $ 7000.

Lol as if someone can tell what will happen in future even that damn Tom Lee.market is volatile to the extent that sometimes this same area brings the market dump and the next day pump.

And anyway I don’t care if Bull doesn’t come this year because i have lots of time to wait and find what will happen in future

You are on point mate, We are not in haste, any point bitcoin feels that it’s the right time to go on bull run; we are all here waiting and waxing stronger. We have other benefits we are getting from the system that is even more than the investment, so that is not really our priority now.

For me, the most important thing bitcoin has done for me is to sort out my transaction challenge, there has been some areas in the past that I have been limited to as regards transaction but with the invention of Bitcoin, it has made it so possible and easy for me to be able to sort out my transactions.

Moreover, I don’t have to wait for BTC bull to make money, there are other ways of making money through BTC while we also await its bull run and part of the activities we get engaged in are what will contribute to the bull run.

Bitcoin bull run will just happen and we cannot predict it. We can just see it coming and we can follow the lead and trade some of it. I am still hoping for the bull run at the end of 2019 even it is not that close right now.

There is nothing wrong with being optimistic about the future of bitcoin since I believe most of us in the forum believe that bitcoin will do great during the next years, but there is a huge difference between someone thinking that the price will keep recovering during this year and someone thinking we are going to see a new bull run that will make bitcoin to touch 6 figures at the end of the year, both are optimistic but the first one is realistic while the other is making predictions not based on the reality of the market.

The most bullish outcome for 2019 is a sideways market, that should be fine for anyone in this for the long term.     Its clear from the chart even a sideways movement after a fall would be good after the big fall into the close of 2018.

This isnt a negative because knowing that sideways is most probable is also going to be highly profitable if you know to sell the highs and buy the lows multiple times through the year.   Hard to do but easier if certain in the prediction and staying the course and right in the end

It is better not to expect too much as what we did last year.  Yes, bull run will come to us momentarily and nobody's exactly when. We are in that positive but never how much it shown to us, cause I may think that it won't be probably the same of last 2017 bull run.

theres nothing wrong if a person expects  . expecting for the price to rise is thier way to motivate them selve's  but they should keep in mind that a bull run wont easily come because a bull run is not an ordinary event  .  bull run is rare and once in a life time event  . as of know , the market is still looking healthy but no one knows if this can lead to a bull run or not  .  if ever the bear will occur , i think the price will be doubled compare to the last 2017 bull run based on the my own prediction /analysis .

Being optimistic is OK but the reality is that bitcoin need a lot of time to recover and i am not seeing any bull run this year.  Although Bitcoin is going at a good rate for a month or so and trying to stabilize itself above 5000$, but one bad news can dump it again to under 5000$. This is how uncertain and volatile bitcoin is at the moment.

Yeah, however, the coin is recovering but the rate of growth is quite slow so, a lot of time would be required here for the prices to get back to normal again. After a long stretch of red market, the market is getting stabilized but still, we can't expect a bull market here as the market is at its hike of volatility and any news against it could have a severe effect on it...

I agree that this is a small improvement in the market but you need to observe the market situation like how it was struggling before few months and now it is slowly pumping which is a good sign for a bull run in the last quarter.

If predictions do something good for the price then bull run must have taken place already since almost everybody is predicting that it will happen this year and even later part of 2018 but all their predictions didn’t happen yet and despite all those predictions and speculations  there is not much changes in the market condition so I don’t believe any of them that are predicting but I do believe it is surely gonna happen sooner or later.

Can I ask you one simple question? Are you ready for the next bull run? I didn`t expect some big price rise this year anyway, I don`t believe that anything huge will happen on that field before the halving. We have some new coins that are rising, making 300% in last couple months, but they are just fighting for the space that`s left behind bitcoin. You can always take a look from brighter side, price are up since January 1 this year, that`s some kind of a bull run, but what we will see in 2021, or around that time will be huge, bigger than ever before.

I don't think so bull run will going to happen in 2019 as per market trend there is no sign of bull run and as per experts also there is no hint on this. BtC Price may increase but no chance for bull run. Prediction might be there but we cannot guarantee for 2019 it may happen after 2020.

 think we have some power go to 5700-6000! FOMO effect and social media can help us! potential golden cross is on the way EMA Cross too.

After that i expect drop somewhere to 4000-4200 if that trend line hold strong we will go up! potentially that can be last cheap cheap opportunity.
If trend line break it my sentiment will be bearish fake golden cross (bull trap) potentially new bottom.
So i see 2 case scenarios!

yeah , prices are in edge and can rise to 5800 the big dump will follow this rise ;we should not try to set prices exactly ,always .. the rise without correction it can be trap

Yes it is really foolish to go by predictions nowadays especially after the devlbavle which we had been through during last 14 months which was never expected and if we go by the predictions either bitcoin should have been worth $100000 or else it would have crashed down till now.

Remember! This is only a prediction and the possibility is that it can occur and not occur. Even though all of us have longed for an increase we must continue to do our own research or analysis so that when predictions from someone do not occur in the future we do not blame anyone. But, when viewed from the history of bitcoin price movements, this year should be the momentum for bitcoin to rise again.

I'm a bit bullish now so I must say that we are already in the bullish zone. Just look at the price of bitcoin hovering above $5k and I'm speculating that it will reached as high as $5600 before we can see some minor corrections.

But I have no doubt that we will end this year with a bang, at least 5 digits in what I'm seeing. So definitely the bulls has awaken this 2019 and preparation of a massive bull run in 2020.

If the spikes keep hanging like this and get pushed again in a month we already inn a bull movement if the dip wont get to big like your mentioned. Im sure some bears are trying the luck somewhere in the time coming but till then it seems positive.  

The spikes we are getting seems to be lack of liquidity on the bid side. When you are trading on Bitmex, you notice that usually there is a push to the upside which sets off a bunch of people who were short. The problem is that due to their slow engine, the bid side liquidity takes a long time to refill and this is why there is usually a huge spike down.

Then other exchanges like Bitstamp or Coinbase follow with the algo bots and they too also result in a selling spree until the prices end up matching.

Just look at the 1M chart between Bitmex and Coinbase when we first broke the $5400 and see the bid side disappearing.

Never heard about lee but predictions that are quite reasonable, but at least cryptocurrency never go back $3000 in this year or so. in 2020 will be great

It's been quite a while since bitcoin has reached it's ATH price and I think it's time to see it get back there. I don't know if that's going to happen in 2019,but it's good to see that we are on the right track and the price has actually started to go up a little even though the bull run is not yet here. I think we should see bitcoin back at 20-30k in 1-2 years or so.

The price of bitcoin and other cryptocurrencies this year, of course, will grow, however, most likely, we will not wait for a good bull run. So far, we see a good growth in the cryptocurrency market, with very stable growth, and so far it is pleasing. For this month, Bitcoin crossed the price of 4000, and then $ 5000, and today its price, according to CoinMarketCap, is $ 5421. This month is a very good growth. However, this year, I think that it will reach the price of 10,000 - 12,000 dollars, not more. The market needs more time to recover. Very sharp price fluctuations for the cryptocurrency market are also not needed.

He has been predicting since last year but his prediction didn't go well. I stopped and looking at the possibilities of good run for this year. All of you should look at the charts right now. Bitcoin just passed $5,600 in some charts.

And the other charts shows $5,500. Looks like the words of Tom Lee is starting to get into shape but I don't want to expect again with such predictions. I'm still observing the market if we're really going to a good run this year.

whatever Tom Lee says is always going to be incorrect and he has proven that he either has no understanding of bitcoin market or he always says the most hyped up things for some reasons that we don't know them yet. but that doesn't change the fact that he will always be wrong.
the only benefit he has is that he is always predicting price rise and with bitcoin we all know that the price will always rise so he will get lucky some times and go with the current trend but that doesn't make him right though, it is like shooting a dart in the dark and hitting the target.

We should not easily believe in any kinds of predictions when it comes the future prices of cryptocurrencies because they are always volatile. Many well-known crypto analysts have failed in their past predictions. At present, the price of the bitcoin is on uptrend and already reached the $5500 mark. But it is difficult to know if this uptrend will lead to a bullrun, we need clear confirmations before we conclude that the bullrun is already started.

One reason 2019 would be a positive is for the same reasons stocks reversed in early Jan start.    Actions by the Federal Reserve to raise interest rates were indicated in 2018 to continue onwards until rates got to 5% and now it seems that has been cut short.

Its nothing related to crypto directly but the price is being discussed in dollars and even if it were not, the main global reserve currency is US dollars and so every other asset trades relative to that standard.
It will be looser for 2019 then expected in late 2018 which lends credibility to a continual positive theme.   I dont know if that would be called a bull market but I believe people might label it similarly so long as pricing gets no worse then 2018 December.  This is all very similar to stocks and other markets, some will find this a disturbing correlation as it shows too much influence by the FED in disparate markets

It looks like the bulls will also be coming this year, because seeing the development of bitcoin prices has also increased well, so I'm also sure the bulls will also arrive in 2019

Yeah probably he already knew it from the beginning that the pattern of bitcoin's chart would be on increasing manner. And taking advantage of that, he's predicting prices that we really don't know if that's base on his TA.

What would be his reaction and words if ever his prediction would hit soon?

Even if this year does not come with full bull, we are already in the green zone and this green zone will be more than enough to keep us going and patient till we get to the bull year, many of us believe that the bull year is 2020, time runs fast and before you know it, we will get to the bull year soon, so all we can do now is still to keep accumulating at this green zone.

We should not pay attention to those people that would want to create FUD, FUD does not work now, we are now in the season of FOMO, and so we should only join hands in creating FOMO that will make the green market run faster.

We all know what speculations stands for, they are not promises, they are only tools used to appreciate and depreciate the market, Tom lee might prediction may just be speculated to create FUD and at the same time, it might be reality.

Saying there would not be bullish market doesn’t mean that the market will not appreciate, the market will perform well, just like we have been seeing some gradual growth that is building people’s confidence as regards BTC usage, but the speedy increase will require some big players to make some moves and that might not really happen this year again, but we it is not the fact, it is just my own opinion too.

We are nowhere close to being in the FOMO stage, that happens when it is clear we are in a bull market and the price begins to bubble very quickly, what we are seeing now is a correction in the price of bitcoin since the price was too low for too long and distortions like that cannot last forever, I really believe the bull market will not start until 2020 at the soonest which means you still have a lot of time to accumulate bitcoin at reasonable prices.

Why do people think a rich guy will know something they don't? He is guessing not doing "technical analysis". There is simply not anywhere close to enough data to do that, no matter what you have been told.

Fuds is possible , the decline possible , anything is possible in cryptos  . the price is increasing  and the market is green but this does not mean that the improvement can continue  .  maybe you forget that cryptos are risky ?  Cryptos are too unstable , cryptos are prone to manipulation  .   there several factors that triggers the price to decline and to collapse   .  better not too confident or else your expectations will only disapoint you   .

The rich guy having the trust of other rich guys by investing in his investment fund gives him the appearance of an authority figure. It also comes from the people's belief and trust in the bitcoin news media and the mainstream news media where the authority figures are given airtime.



More bullish bitcoin news, more altcoin death news hehehe.

The trader also shared a chart that calls for a BTC dominance target of 64%, up 10% from yesterday’s 54% dominance. What’s not clear, though, is if dominance will rise due to altcoins bleeding further, or due to Bitcoin further rallying.

Another analyst, DonAlt, however, thinks it’s the former, and warns that “capitulation” may just be beginning. He called the messages he received from his followers asking if they should liquidate their altcoin holdings “heartbreaking.”

https://www.newsbtc.com/2019/04/25/bullish-bitcoin-altcoin-carnage-continues/

I wouldn't call it heart breaking exactly, the market requires a usage and purpose to each blockchain or its not worth continuing.   Thats competitive capitalism, I see alot worse things occurring whenever competition is eliminated or even outlawed then the worst instances in that system occur and keep on happening until genuine loss and failure to entire ecosystem is caused.     If you ever consider government and all the mistakes made and money lost for no good reason, its often from lack of competition and free market pricing, relying on the force of law without any free innovation and replacement creates failure and loss. 

 Hopefully crypto stays competitive and innovative :)

We already have some few bulls in the market, the reflection of one of this is the one that took us partially out of the bear market at the beginning of this month and I strongly think that more of the bulls will be arriving the market soon.

The Bulls we need right now are the ones that will come inform of institutions that will invest on a larger scale, though I don’t see that this year until the next halving, but the smaller bulls we have now will be strong enough to continue pushing the market on a green market till we see the major fundamentals that will cause a big stir in the crypto industry.

No bull market for this year? Really? You can see that bull is now fighting against bears. Their are a lot of changes on the price this past days and if you are spreading that news then you should not a good bitcoiner. I'd rather spread tips or guides how to help the price of bitcoin go back to its all time high price happened on 2017. Let's keep on trusting bitcoin because it will make its own way back to its all time high price or break it.

It is already their due to which if you see the market has risen from 4100 to 5500$ and it might continue to rise so all those who had being buying at being in profits as they have got benefits of this rise and will continue to get if they hold it .

And what kind of tips and guides do you think it will make the price of bitcoin to reach its all time high again? What you are saying does not make sense, most people holding bitcoin have no influence over the markets and instead must adapt to current circumstances on them, besides if we could reach the all time high again by just sharing some tips then the price would have recovered already instead of being barely above a quarter of its highest level.

If they buy at dip, they are getting good profit at the price now.
Bull market might make the price to increase more, hopefully will reach $20K again, but the price it's showing now is already a big improvement
and we are seeing the progress of the market shown by this, we have not concluded 2019 yet, so there's more to come and more to expect.

this year's trip is still long, I think it's too fast to conclude there won't be a bull market this year. well, I also think that the price increase has started to get better this year. this year the price of bitcoin starts at $ 4k, and now it's $ 5k. I think it's very likely that the price of bitcoin can reach $ 7k this year.

It has long been necessary to get used to the fact that not all news that comes from media people is useful, I personally have long concluded for myself that you should never trust the statements made by famous people, especially when it comes to some exciting news.

In today's crypto world every Tom (no pun intended), Dick or Harry is doing their own technical analysis, and are essentially leaving the fundamentals to random chance. Besides, we already know Bitcoin can be manipulated by a single individual or a specific interest group.

However, what crypto (or Bitcoin in particular) needs is legal mainstream use case spurred on by favorable legislatures that will allow more stores to accept Bitcoin on the lay person's level. Now that's the growing volume worth looking forward to; it's a better fundamental than what's happening in Venezuela, or the hype of big players' on ramp into crypto.

I agree with you, it's really necessary to regulate crypto now, it's been causing too much trouble to the new investor due to rampant scams in the market.
With regulation, it will reduce scams and will increase the adoption, especially the institutional money.

The path of regulation ends at the feet of politics and that is the end for the base purpose of crypto which is to avoid the corruption endemic in FIAT systems.    Crypto has to be free market and self regulating as an open market, cavet emptor has been valid logic for thousands of years and legal disputes occur and are settled regardless of the idea of regulators and the implication of taxing a market to pay for that regulation

Simple thing is we need something different in the world not a duplication, I do not see crypto being successful by repetition and reliance on what is already possible

Tom Lee also mentioned in a tweet that this will have a negative impact unless the purchasers of the IEO are new to the cryptospace. Also, as already reported, $600 million of the tokens have a ready been allocated to bitcoin whales and Asian venture capital firms.

How much of that investment is new money?

http://

Dovey Wan, the founding partner of Primitive Ventures, revealed that Bitfinex was planning to raise $1 billion through the sale of company-branded crypto tokens through an on-platform initial coin offering, more commonly referred to as an IEO.

Per a document published by Chinese cryptocurrency investor Zhao Dong, first reported on by The Block, however, the IEO is entirely legit. As Wan revealed, Bitfinex does intend to sell $1 billion of the cryptocurrency. Funnily enough, however, Larry Cermak of The Block has said that $600 million of the funding round has already been allocated to private investors, reported to be industry insiders, Bitcoin whales, and Asian venture capital firms.

While this news seems to be independent of the broader cryptocurrency market, Tom Lee, Fundstrat’s head of research, has postulated that this $1 billion raise could actually be a negative price action catalyst for Bitcoin. The prominent commentator explains that $1 billion worth of new tokens will have a negative impact on BTC and other digital assets, as the market needs to “absorb” an influx of LEO tokens.

As Lee notes, “Bitcoin miners sell $7mm per day, so a $1 billion IEO is essentially 142 days worth of miner selling taking place in one day.”

Source https://www.newsbtc.com/2019/05/05/fundstrat-bitfinex-1b-ieo-raise-could-pressure-bitcoin-lower/

The price increase that has occurred is not necessarily a bull run, it could be just a normal pump price. but I admit that condition are far better now than last year. and the possibility for a bull run to occur certainly exists, moreover halving getting closer

Seeing the developments that occur, I think it's very likely that there will be a bull market this year. measuring price developments since the beginning of 2019, to date, the price of bitcoin has almost risen by 40%, and I think in the near future, prices will rise again.

Good for the market if price will continue to rise, we have seen bad days and therefore we now should look for good days.
I'm not seeing this kind of movement last year, price movement last year was mostly down trend, and now we are seeing the opposite.

Let's hope it will continue and price will be better in the coming months, for me it's not about the development or the fundamentals, it's about the change of view of most in this year, the FUD is gone, we need some hype now this year.

I also do not strongly believe in the bullish breakthrough in 2019, which will be in 2017.
There is still very strong resistance from the state and banks in the war with Bitcoin, and there is still no such great popularity of Bitcoin that is needed for a flight to the moon.

There is a part that takes note of it but for the gain seeker that bar will vanish when they see the green line jumping on the charts.
On those moments fiat is flushing inn and can go very quick.

Yes, I will agree with you that the price of bitcoin will continue to rise above it current value, there is no doubt that the market will run green throughout this year, but the force power we need to push the market into bull one may not really come to effect this year.

We really need very large institutions and industries to really make great moves of investing in the system, and also, the very rich people we have will not just jump into crypto market without having full knowledge of what they are being introduced to, so all these may not really have any effect to force the market value up until 2020.

The bull market isn't the major concern. We still need more fundamentals before a bull market can occur. As for whether or not 2019 will be the year of the bull, that's up to institutional investors, and the halving for next year - if Bitcoin holders will continue to accumulate.

Most of the time that bitcoin has made surprising movements it was because of the technical setup and not some kind of fundamentals issues.  Institutionalized investors are already in the market and many are a waiting for some technical setup in other to invest.  I am a trader and I know how it feels to be in downwards trend but I think bitcoin is more of bullish trend now than last year.

Nah its a combination of the two, the technicals can indicate a price movement and the price continues to repeat regardless.   It did this last autumn for a while and then actually the news of BTC SV seemed to trigger something along with the story of some guy selling BTC to fund his mining war and fork attempts.    Silly stuff but the news matched the downturn more then the technicals which did not find the date especially but I guess did show weakness.

Its a combo of the two, caution from technicals is something reasonable and observable imo

Looking at the present market price momentum we may expect the prices to touch 10000 dollars by next month every month btc price increasing to 25 percent growth in 2019 this is indication of bull market

Price is almost doubled since the beginning of this year, what you are saying that price will be tripled until the half of this year. To me that sounds like a "hard to happen" prediction, normally not impossible, with bitcoin price anything can happen in very short period.
Lets wait to break $6k barrier, which can happen or not, if we break it I think we will go more higher, if price stops around here maybe we will see some little down trend and price dropping. Its up for weeks, my logic tells me to be careful now.

Everyone are talking only about bull market will it come oe or not, are we having it now or not and whatelse. But instead to be so focused on predictions and expectations of bull market users should more focus on present situation and what market is currently offering, how profit could be made now. It makes no sense spending time just waiting for something that might or might not happen.

This is difficult to speculate as to what price of bitcoin were heading this year because of the volatility. Possible for bull run this year once more support on bitcoin to rise it’s price. A lot of things could happen this year it might go to the moon or the following year.

I totally agree with you.
Possible the most users that are in the market right now bought Bitcoin and cryptocurrencies when the prices were on ATH so they wait for the opportunity to cash out and equal their losses.
The price is growing as we push mass adoption and we create new users in the ecosystem, so probably when this is going to happen the price will more upwards as well.

Is this Tom Lee appearing in his delusional state again hehe.

In any case, his comment in the interview can become an incentive for him and his whale friends to pump the price to $10k and cause a Wall Street FOMO to $40k.


On a Binance podcast, the Fundstrat analyst claimed that $40,000 would be likely within a few months afterwards.

The host brought up Lee's recent comments about Wall Street FOMO, which could kick in after $10k. Lee claimed that "Bitcoin has to make people believe that it can achieve all-time high" in order to get institutions back in. He pointed out that it is currently at a price level that it has only been above for 5 percent of the days in its history.

Generally, FOMO hits when the price achieves a level it has seen 3 percent of the time. After the $10,000 level is reached, there could be a surge of 200-400 percent within the next 5 months.

Source https://www.chepicap.com/en/news/10373/tom-lee-btc-will-hit-40-000-if-it-can-break-10k.html

I think that practically the majority of users of cryptocurrency are only observers and people who are waiting for a certain state of the cryptocurrency market.  And all that is happening is the work of large whales and manipulators of the cryptocurrency market, which have always influenced pricing and will continue to do so.