Bitcoin price should be $14,000 - Tom Lee

[DarkEagleMan]

It is very interesting to think that the price of bitcoin is well below what should really be worth, however I do not see that Lee provides a solid justification to sustain the price of $14,000 as the most suitable for bitcoin at this time. Personally, I think that the market usually exercises a crude justice in these cases, and if people are only willing to pay $5,000 per bitcoin these days, it is because they believe that it can not be worth more than that. Vox Populi, Vox Dei.

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[bbc.reporter]

I reckon many of us might not be ready to accept that the bitcoin bull is slowly coming back. However, how high should bitcoin be to convince us that Tom Lee is correct this time? $10k? $20k?

Would it be bad to speculate and buy bitcoins today?

[bisdak40]

Is Tom Lee's outlook correct? Should bitcoin be priced on $14,000?

Have been following Tom Lee's prediction since last year but nothing has been correct so far. I think it's 3rd quarter of last year that he predicted bitcoin's price would reach $15K at the end of the year and i am very optimistic that it would come true. Since then i tend to believe that Tom Lee is just another false prophet of some sort. No one could really tell the future even in crypto.

[figmentofmyass]

I reckon many of us might not be ready to accept that the bitcoin bull is slowly coming back. However, how high should bitcoin be to convince us that Tom Lee is correct this time? $10k? $20k?

breaking and holding above the $6k level would be meaningful. it didn't hold after consolidating for most of 2018, so if it does now, it'll be obvious that sellers have dried up down here.

Would it be bad to speculate and buy bitcoins today?

if you don't own any bitcoins, it's always a good time to buy. cuz you just never know.

for those of us who always have some coins tucked away.......i'd wait. if not the $3ks or lower, we'll at least see the low $4000s again. chances are this will flip back to bearish like mid 2015.

[Siren]

I reckon many of us might not be ready to accept that the bitcoin bull is slowly coming back. However, how high should bitcoin be to convince us that Tom Lee is correct this time? $10k? $20k?

Would it be bad to speculate and buy bitcoins today?

Ofcourse all of us are ready for the bull as we have waited for more than a year,but the issue is ,are the bull already here?because you can't blame people here because we cannot count how many times that fake bull happen and only brings failure to investors and spectators, maybe cryptonians now arw just being safety before believing the market and before entering again

[Lucius]

I reckon many of us might not be ready to accept that the bitcoin bull is slowly coming back. However, how high should bitcoin be to convince us that Tom Lee is correct this time? $10k? $20k?
Would it be bad to speculate and buy bitcoins today?

For me personally there is no doubt that bitcoin has tremendous potential and that bear market must reach its end, but I'm not sure this is happening right now. I think it's very wrong to take opinion of person such is Tom Lee, as a reference point when to buy bitcoin.

It looks like most do not read posts or a article, he is saying that bitcoin price should be 14 000$ based on number of wallets. Is this someone who we should trust, do you trust him?

If you believe in bitcoin, time for investment was at 3000$, now smart buyers take profits and you think about whether Tom Lee is right this time or not.

[mrdeposit]

I am surprised that which of these experts we should believe. Most of them are unable to perform an accurate analysis. I guess the real value of the price is the value of mining. But, on the other hand, demand and supply are our only determinants.

[tomahawk9]

Personally I think Tom Lee has at least one big problem, and it is one type of addiction, known as a dependence on permanent media exposure. By everything he was saying over the years, it is pretty clear that his percentage of true predictions is fairly low. It does not prevent him from continuing to do what he does best, tell a children stories.

The guy knows that this type of media attention will get him more clients. Tom Lee going to CNBC and other media outlets is (probably) part of Fundstrat's marketing campaign, and his 'target audience' isn't the crypto user that recognizes him as a meme in the cryptocurrency world, his target are the wealthy newcomers, the ones that have no idea what bitcoin is but are willing to invest in it for profits.

He knows that trying to predict the btc price is a silly game, but he also knows that there's always that person, that wannabe investor with big pockets that's listening to what he says and thinking: "If the BTC price is 5k and this Wall Street guy says is going to go up then,  I'll make huge profits!...Let me google him", and the boom, they have a new client.

[gabmen]

Well we hope so but it's not. And regardless of what people say, whoever they may be, the price of bitcoin is still very unreadable. Mr.lee is right not to expect 14k even by the end of the year. Let's see where we go from here.

[wuvdoll]

Tom Lee used to say that as well before we went down to 3 thousand dollars, check out his predictions just before Craig Wright and Bitcoin Cash Hash War thingy happened on November 15th, he was specifically saying we will go from 6 thousands to 14 thousand dollars, it of course went down from something unpredictable by any market research because it was just one guy saying "screw this" and selling his coins but in the end he was wrong all the same.

Now that we are up to 5k range again he is not making a new prediction, he is just saying that 14k prediction will happen all the same just with a hiccup in the middle and that's all. There is two possibilities, either we will go down and we can pinpoint the person who jynx bitcoins prices or we will eventually hit 14k anyway, there is no way bitcoin NEVER hits 14k again, so given enough time he will be right.

[Taki]

Guarantees?
There is no ony. Again it's only an opinion. I would love to it come true, do not understand me wrong. But in the end as always there is nothing stays for us besides 'it may or it may not' 50/50.

[hatshepsut93]

Bitcoin price is precisely where it should be right now, because it's a free market, and the market has decided that it's worth $5k. Bitcoin's "true value" is a very subjective thing, some Bitcoin fans will tell you that Bitcoin's true value is $200,000 or a few millions, while an average joe doesn't really care and is not going to use Bitcoin in their life. The fact remains that Bitcoin is still very volatile and has cyclic market, and the price is heavily dependent on that cyclicity, but it also seem to be increasing in the long run.

[bbc.reporter]

I reckon many of us might not be ready to accept that the bitcoin bull is slowly coming back. However, how high should bitcoin be to convince us that Tom Lee is correct this time? $10k? $20k?
Would it be bad to speculate and buy bitcoins today?

For me personally there is no doubt that bitcoin has tremendous potential and that bear market must reach its end, but I'm not sure this is happening right now. I think it's very wrong to take opinion of person such is Tom Lee, as a reference point when to buy bitcoin.

It looks like most do not read posts or a article, he is saying that bitcoin price should be 14 000$ based on number of wallets. Is this someone who we should trust, do you trust him?

If you believe in bitcoin, time for investment was at 3000$, now smart buyers take profits and you think about whether Tom Lee is right this time or not.

He might be trying to connect the no. of wallets and demand. He might also be using his bitcoin misery index on assessing where to buy, where the price should be and where to dump.

In any case, we know he is very far from where he is planning to dump hehehe.

[iqlimasyadiqa]

Bitcoin price is precisely where it should be right now, because it's a free market, and the market has decided that it's worth $5k. Bitcoin's "true value" is a very subjective thing, some Bitcoin fans will tell you that Bitcoin's true value is $200,000 or a few millions, while an average joe doesn't really care and is not going to use Bitcoin in their life. The fact remains that Bitcoin is still very volatile and has cyclic market, and the price is heavily dependent on that cyclicity, but it also seem to be increasing in the long run.

Everything can happen quickly. we just need to follow the market and we need to provide support by increasingly using digital currencies. it is a way to give trust to bitcoin and when that can be achieved then the price of bitcoin will follow it.

[Bitcotalk]

If the price of Bitcoin needs to be $14000, then why did he need to tell us, let him go and make the price $14000 then. We have a lot of crypto exchange where the price of Bitcoin is been determined from and I have never seen any exchange where the price of Bitcoin is $14000, at least if it was to be true, then there should be an exchange with the correct price since it's not possible to manipulate all the exchanges in existence at a time because this will cost lots of money which no one will be willing to spend just to downgrade the price of crypto in the market.

[BlueStackz]

I am surprised that which of these experts we should believe. Most of them are unable to perform an accurate analysis. I guess the real value of the price is the value of mining. But, on the other hand, demand and supply are our only determinants.

I don’t have any issue with any analyst that predicts in favors of Bitcoin, it is what we all investors do to make the price appreciate.

I only have issue with the ones having negative predictions because I don’t know what they stand to gain, they are not investors, they don’t make use of the system and yet they say bad things that are unreal about BTC, so whatever it is that Tom Lee has said is in favor of BTC and will encourage more investors to buy more of the coin. This will also have a way of having positive effect on the real value of BTC irrespective of where it is being reported.

[Clark05]

$14,000 this year for the bitcoin price? Yes why not and maybe our his expectation or prediction will be higher than $14,000. Believe me once the second quarter end and we reach more than $10,000 in the end of 2019 we see 20,000 dollars plus or more in December 2019. I think the bitcoin can reach that like in the third quarter of the 2019 but good to see if this quarter we see $14,000.

[FanEagle]

That’s right, bitcoin price is not where is it meant to be now and that is the reason why we will experience spike in price at any opportunity it sees to meet up with the price. We ought to have been out of bear market since last year but there has been some factors contributing to its delayed growth which one of the factors was successfully overcome of recent.

We still have lots of fundamentals factors though delaying the growth of its price but this year has more of fundamentals factors that will bring more increase to its price value, so I think the price of $14,000 might be achievable within this year.

[$anounimus$]

$14,000 this year for the bitcoin price? Yes why not and maybe our his expectation or prediction will be higher than $14,000. Believe me once the second quarter end and we reach more than $10,000 in the end of 2019 we see 20,000 dollars plus or more in December 2019. I think the bitcoin can reach that like in the third quarter of the 2019 but good to see if this quarter we see $14,000.

I think what you say the price of bitcoin can reach the target price of $14k is probably going to happen at the end of this year because maybe that is the influence of the bitcoin halving day which makes the price of bitcoin very expensive because it will be increasingly difficult to get bitcoin.

[Lucius]

He might be trying to connect the no. of wallets and demand. He might also be using his bitcoin misery index on assessing where to buy, where the price should be and where to dump.
In any case, we know he is very far from where he is planning to dump hehehe.

It's not easy to figure out what's in his head, but number of wallets should not be something that would logically determine the price. We can never know the number of individual users actually, you and me can theoretically have thousands of wallets. I think it would be much better for him to look at the data about the real number of people who use or own cryptocurrency, and that number have range from 0.5% to 1% of the world's total population, which is 38.5 million to 77.7 million in best case. This is a very small number of users, and we need at least to double that.