3 reasons the crypto markets are in a dive and Tom Lee is moving the goal post

[European Central Bank]

McAfee is really the type of person that at some point can become the next Roger Ver. It all depends on what will make him the most money. Now it's Bitcoin, but I think he's a ticking time bomb.

his most likely fate is being shot by his own wife or one of the creepy lunkheads who are constantly hovering around him in photos.

even though he's a maniac i think he'll never be as shrill or deranged or committed as roger ver. if the whole scene runs out of steam he'll go find somewhere else to make some noise.

[Torque]

OP, please go get your eyes checked. That's not Tom Lee, this is :

[bbc.reporter]

This is just another typical bullish dude who later realizes that such goals are clearly unattainable right now due to the present market conditions and moves his predictions to a more unsure date. Let's face it, no matter how hard we want the market to go crazy again, it isn't gonna happen. As he stated, there was a parabolic move that took crypto to uncharted heights, and afterwards, a blow-off happened that left us with the current prices which still is unstable. Also, I wouldn't blame regulations for adding fire to the flame. If anything it increases consumer's confidence on the asset knowing that they are somehow protected by their 'constitutional rights' upon buying the coin. It's just the market adjusting and consolidating, at least on the way I see it.

Agreed. Tom Lee has no other explanation but to change his prediction and accept that his original forecast might not happen. @pooya78 also said it is not sad news but it is to some investors. Those investors who bought in those high prices of December. They have to wait longer for a new forecast that might not happen hehehe.

@Torque. I am only bringing humor for the readers. The bear market is very frustrating for all of us.

[bitgolden]

That is much expected anyway and I do not see the possibility happening this year either. Everyone is for sure bullish long term but in the short term, bitcoin is set to go really low which we may start seeing even some drastic reduce pretty soon and we all know after a huge downward trend, it takes time to recover, for the market to play out before we can even start seeing some uptrend and with that, we may be looking forward to long term as the case may be.

[Warbson]

i think her prediction are right , market need more time to recover her health

[buwaytress]

Yawn, Tom Lee. Move all the goalposts as often as you want but Bitcoin bulls, contrary to what you might think, aren't the least affected by this sort of news, just as they wouldn't have budged if McAfee triples down on his predictions. Even if so, how does $20k at the end of 2019 change things for Bitcoin believers? To reach that lowest end of the 20-65 valuation in 11 years is a hell of an achievement (and to recover that old ATH in 2 years is nothing new for Bitcoin, either). The bulls haven't even had 6 months to rest, recover, regroup. Why would they want another run so soon when a year to accumulate is an opportunity that only comes along every few years?

[BrewMaster]

how long it takes to set a new ATH doesn't matter for those of us who are creeping their way into bitcoin slowly but surely. in fact the bear market and the drops have been the best thing that could have happened although nobody likes the drops but we are all receiving more bitcoin for the same amount of money now compared to 6 months ago.

[liamnorthcoins]

This will hurt the bulls who are expecting that Tom Lee's prediction of $25,000 by the end of 2018 will still occur, because he has moved the goal post to the end of 2019 hehehe.

In any case, this is sad news.

https://cap.stanford.edu/profiles/viewImage?profileId=42372&type=square&ts=1509553429168

“I think there are several factors why cryptos are falling. One, we had a parabolic move at the end of last year, so there is a period of consolidation and price adjustment that is taking place.”

“I also think bigger factors this year have been a lot of government actions that have been taken this year that have scared crypto investors, probably the most notable is the actions taken by the US regulators, like the SEC taking action against ICOs.”

“Lastly, the pace of institutional investor participation in this space has been taking longer than expected, and I think part of that has to do with the slowness of getting some of the onramps established.”

Tom Lee remains bullish about Bitcoin and thinks the cryptocurrency will be worth between $20,000 to $64,000 by the end of 2019.

Read the whole article https://www.whatech.com/cryptocurrency/news/479523-bitcoin-3-reasons-the-crypto-markets-are-in-a-dive-tom-lee

This is uplifting to know. That someone like him believes and still believes in bitcoin's posibilities of price reaching in such hieghts. Given the present condition of the price his stand and statement is helpful for people to rethink of bitcoin even in this struggling time.

[JohnWick_Bitcoin]

how long it takes to set a new ATH doesn't matter for those of us who are creeping their way into bitcoin slowly but surely. in fact the bear market and the drops have been the best thing that could have happened although nobody likes the drops but we are all receiving more bitcoin for the same amount of money now compared to 6 months ago.

It was very funny on how different investors of the market can actually believe immediately about the predictions, china banned all the ico's last year and everyone is saying that it was the end of cryptocurrency but still bitcoins managed to reach $19k dollars before the year ends.

[magneto]

I mean, Tom Lee is a chronic bitcoin bull. No matter what stage we are in, he doesn't really analyse anything at all but instead just spits out his usually bull garbage for publicity's sake, because he knows that everyone will be jumping to cover him.

This is why that I rarely care about what Tom Lee have to say. It's very predictable and they are rarely right - and if they know that they're wrong they'll just move their predictions around.

I still don't think that his new prediction is going to become reality, though. It's still far too bullish from my personal view. It's unlikely that the extent of the recovery will take BTC up to $20k+ even in 2019, which is the year I expect a market wide recovery to happen. Just take a look at how it took 3 years or so for bitcoin to reach back to its former ATH from 2013.