No bull market for 2019

[onecall123]

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.

[1715003455]

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[1715003455]

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[exstasie]

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.

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.

[dodgrad]

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.

[gabbie2010]

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.

[Ararbermas]

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.

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. 

[mirakal]

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.

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.

[Bitcotalk]

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.

[BitHodler]

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....

[leonair]

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.

[n0ne]

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.

[bbc.reporter]

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

[Moiyah]

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.

[gabmen]

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.

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.

[el kaka22]

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.

[jhonjhon]

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.

[d1ceplayer]

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.

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.

[Pattart]

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.

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. 

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

[LUCKMCFLY]

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.

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. 

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.

[shesheboy]

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.

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.  

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  ?

[2chase]

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.