Tom Lee: bitcoin could soar nearly 200% in the next six months（new）

[peter0425]

Tom Lee: bitcoin could soar nearly 200% in the next six months
Fundstrat co-founder Tom Lee is betting that bitcoin could continue its January rally and thinks it could soar nearly 200% in the next six months.In an interview, Lee noted that BTC broke through its 200-day moving average.Historically, BTC has rewarded investors handsomely every time this has happened.Lee also reiterated that he expects bitcoin to generate higher returns in 2020 due to events such as geopolitics.(U.T oday)

The information from coin&coin

Tom Lee is one Good in prediction and also a Bullish so either he really mean this or just a way to make market pumps more but for bitcoin supporters like us?who cares whats the motive the important thing is we are being boost for our support and holdings.waiting for more than 2 years is perfect reason why we should believe such kind of posts.

[Juggy777]

Tom Lee: bitcoin could soar nearly 200% in the next six months
Fundstrat co-founder Tom Lee is betting that bitcoin could continue its January rally and thinks it could soar nearly 200% in the next six months.In an interview, Lee noted that BTC broke through its 200-day moving average.Historically, BTC has rewarded investors handsomely every time this has happened.Lee also reiterated that he expects bitcoin to generate higher returns in 2020 due to events such as geopolitics.(U.T oday)

The information from coin&coin

He has such a poor record of predictions, I'm surprised that people still listen to him.

I believe this is the second thread I have seen in the new year of Tom Lees predictions, and as I have said before we all should take his predictions with a pinch of salt as he’s not getting them right since a long time now. The only thing I like about Tom is his optimism for bitcoins, but in his greed to make people adopt to bitcoins he ends up crossing a line with his predictions, and due to that his reputation has completely tanked in my personal opinion.

https://www.thecoinrepublic.com/2020/02/05/bitcoin-prices-will-continue-to-raise-predicts-fundstrats-tom-lee/

[maydna]

He can make many predictions about bitcoin price will hit in one range price, but he doesn't know if that will happen or not. People can also create their predictions as Tom Lee, but the market can increase to any price. But we don't have to follow his predictions, but we can use his prediction to make our prediction so we will get new information that can use us to determine the market movements.

This time will be exciting because we will see a halving of bitcoin price that can trigger bitcoin price to increase so high and perhaps, the bitcoin price will increase more than $20k. But there is no right clue on how high bitcoin price can improve and we still guessing on the price. It is better to prepare our bitcoin to be sold at the highest price, and don't be greedy to sell your bitcoin.

[Btc_1856]

He has such a poor record of predictions, I'm surprised that people still listen to him.

A broken clock is right twice a day buddy
200% price increase by the end of 2020 wouldn’t be that unlikely as it’s the halving in May. I don’t think within 6 months is likely but by New Year, for sure.

Exactly, In the month of May, there is halving and it seems the price of Bitcoin will during at the time of halving. In order to reach 200% is really big, but based on his previous predictions he never reached his predictor's targets. So we have to see how far the price of Bitcoin will increase its price by the end of the year.

[sunsilk]

Source: https://www.thecoinrepublic.com/2020/02/05/bitcoin-prices-will-continue-to-raise-predicts-fundstrats-tom-lee/

^
Definitely true.

How many times he gave his predictions in the past and how accurate they were? Here they are again when bitcoin starts to show its pattern to rise again.

I wonder how many accurate predictions every analyst has about Bitcoin, out of their total number of predictions.

It's mostly a miss or hit, I've rarely seen the same name successfully predict price changes in a consecutive manner. Every time I followed an user I've seen good and successful predictions from, a miss followed.

Or maybe I'm that guy coming in with some bad luck.

I don't know if they were even accurate. They just say usual words that make it look like an accurate one because of the market situation. Another example is Mike Novogratz, these two are just few of those prediction analysts that gave their opinion about the possible price increase of bitcoin for the last three years.

And here we are, still not seeing the accuracy of their prediction. They are good with words and analysis but it's all just a plain opinion of what they think about the market.

[ballerin and giroud]

Betting right? Don't you remember someone out there who bet that bitcoin will up to $100.000 prices on this year? Did you believe that? I don't think that those predictions will come true. They just make a prediction for their reputation only apart form that I guess they didn't sure with their prediction. So here, if you make othere people's analyst as your source to make your own decision it seems like you was wrong. You have to make your own prediction, don't rely one someone else even he is an expert.

[justdimin]

Tom Lee is not reliable. I am not saying bitcoin can't go 200% in the next 6 months and it definitely looks like there is a huge chance it can do that however that doesn't change the fact that Tom Lee is an idiot. Have you ever checked any of his previous predictions, dude has always claimed the price would go up multiple times, not just recently but seriously all the god damn time dude always claimed bitcoin would go up, that is not really something you can say when price goes up but also DOWN as well, there is a bear side of this which he keeps on ignoring all the time.

In the end maybe he is right this time, maybe the price goes 200% in 6 months which I agree could very well be correct, however that won't be because Tom Lee is smart and knows what he is talking about. Someone who keeps saying bull will eventually be right when bull comes.

[Ozero]

Tom Lee's forecasts were always too optimistic and quite often they were not confirmed. However, it is always nice to see them, they inspire hope and increase interest in cryptocurrency for many people. Even if his predictions often do not come true, they are needed anyway. This can be considered simply the next guideline in the rise in the price of bitcoin.
By doubling the price of Bitcoin by the end of the first half of the year, that is, reaching it again with $ 20,000 is not so unrealistic. It could very well happen.

[Reid]

Still a mere prediction which we don't have to agree with all the time.
My hopes are not there.
A big blast like that could create another bad impression to bitcoin and so scammers will again get out of their closets.
Who would want that?

I will take the slow increase even just 10 percent for every year or maybe 20. Yeah, that will be better.
Next year will be the big blowout.