Speculating with Tom Lee

[bbc.reporter]

Instead of creating a new thread everytime, all news about Tom Lee's bitcoin speculations and other things on his life will be in this thread hehehe.

In any case, the first article. Will he predict it right for the 4th quarter this time or will this be a funny one again?



Lee was of the view that with the added focus on Facebook’s cryptocurrency Libra, the momentum gained by cryptocurrencies could carry Bitcoin to an all-time high as investors panic of missing out on the opportunity.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.

Read in full https://all-stocks.net/fundstrats-tom-lee-bitcoin-could-reach-40k-by-q4-thanks-to-president-trump/

[exstasie]

and other things on his life

LOL.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Even a broken clock is right twice a day!

I think there's a good chance he's right this time. If we hold above the ~$7,430 higher low, then we will maintain the long term parabolic advance since the December 2018 bottom. A multi-month correction here would likely fill enough gas in the tank to break the ATH sometime in Q4, once the July top is broken. Then it's off to the races.

[dothebeats]

Good thing with Tommy Lee is that he's always optimistic about bitcoin's price movements no matter how dire the situation is. Actually, he might be right this time. If we happen to stay at these levels or do not go below 20 SMA short-term which is a critical point IMO, we might even get a push towards $20k and end the year with that price. By then, it would pretty much the same 2017 FOMO scenario all over again, and might be breaking records to the top this time. Bears are still looming around the corners, as was evidenced by the last few days' drop towards $9200, but then again, we're still pretty much in the greens and bearish sentiment isn't forming as of late.

May Tommy Lee not jinx his own predictions this time

[timerland]

Lee was of the view that with the added focus on Facebook’s cryptocurrency Libra, the momentum gained by cryptocurrencies could carry Bitcoin to an all-time high as investors panic of missing out on the opportunity.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Can we even call his speculative articles "analysis" anymore?

All that this is is a blind guess, drawing from completely irrelevant data (in regards to his statement about the 3% of its historical days, what? ) that is tailor fitted to support his argument. He stands absolutely no ground in TA, let alone a bottom up fundamental analysis.

I think that the markets are generally still quite cautious in terms of its sentiments, which as a result means that it is likely we won't see these types of growth until later on, closer to the halving.

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.

I actually somewhat agree with him on his statement on Libra.

People overemphasise the importance of this stuff way too much. In the long run, there is really not much that it's going to be contributing neither positively nor negatively towards the actual fundamentals of bitcoin.

[exstasie]

All that this is is a blind guess, drawing from completely irrelevant data (in regards to his statement about the 3% of its historical days, what? ) that is tailor fitted to support his argument.

He's talking about the fact that most of Bitcoin's gains are historically realized in a very small period of time, during its bubble periods. The rest of the time is spent consolidating in a range with price being flat or declining on average.

I make fun of Tom Lee all the time and I think he's an ass, but he's spot on about this. He sees what all the people calling 2019 a bull trap don't see. Looking at several long term metrics, we've entered another historical bull phase that will end with exponential price gains.

Observe what happens when price starts entering the realm of its historic top days:
https://bitcointalk.org/index.php?topic=138109.msg1472141#msg1472141
https://bitcointalk.org/index.php?topic=138109.msg2433224#msg2433224

https://bitcointalk.org/index.php?topic=138109.msg17657284#msg17657284
https://bitcointalk.org/index.php?topic=138109.msg20501251#msg20501251

He's predicting this is happening again right now. I think he's right about that.

[Baofeng]

Lol, I thought you are done with Tom Lee mate, what happens? Here is one thread a open up months ago:

Where's FOMO at? Tom Lee

I would say though that $20k-$40k is within the realm of possibility at the end of the year. We are still in the bullish sentiments, and we all know that no negative effect will really hinder people to FOMO and join the bandwagon at whatever price they see fit.  

[Juggy777]

Instead of creating a new thread everytime, all news about Tom Lee's bitcoin speculations and other things on his life will be in this thread hehehe.

In any case, the first article. Will he predict it right for the 4th quarter this time or will this be a funny one again?



Lee was of the view that with the added focus on Facebook’s cryptocurrency Libra, the momentum gained by cryptocurrencies could carry Bitcoin to an all-time high as investors panic of missing out on the opportunity.

“Bitcoin is now trading at a level that it’s only seen 3% of its historical days. If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.

Read in full https://all-stocks.net/fundstrats-tom-lee-bitcoin-could-reach-40k-by-q4-thanks-to-president-trump/

@bbc.reporter this time I feel Tom Lee’s prediction will come right, as public sentiments are at a all time high and people are buying bitcoins and holding them. In my personal opinion $20k is a realistic target by the end of the year, $40k looks very difficult to achieve. Also his analysis that the crypto world will survive without Libra is spot on, as Trump will most certainly kill Libra before it begins.

[pooya87]

all news about Tom Lee's bitcoin speculations and other things on his life will be in this thread hehehe.

somebody has a man crush

Lee also talked about the impact that Facebook’s Libra could or could not have on the overall crypto community. He insisted that Libra would have no impact on the long term success and adoption of cryptocurrencies. “In a world without Libra, is crypto going to be successful? Absolutely. So, I don’t think it changes the long-term outlook for bitcoin,” Lee said.[/i]

this is kind of an obvious statement though!
all this drama is for short term and any rise or fall that Libra may or may not cause is not going to last that long. in my view saying Libra has any effects on bitcoin is like saying PayPal has effects on bitcoin! they are both centralized company created digital money and these things are the main reason why [decentralized] bitcoin was created in first place!

[davis196]

Will crypto be successful without libra?Cryptocurrencies still exist,which is a proof of concept that they are successful.I really want a 20K-40K bitcoin price,but that odds that this will happen are really small.
I don't think Tom Lee is a good analyst.He is like a moderate John McAfee to me.I read his speculation theories and predictions only for fun.

[Pursuer]

I wouldn't call what Tom Lee  does, speculation. he is mostly full of hot air and is hyping up bitcoin with his perma bull price guesses that he keeps throwing at people on the internet. and I have always said he is just advertising his business wanting to get more money flowing in.
because he is perma bull and has always been predicting rise, he is now at least predicting things in the same direction that the market goes which may create the illusion of him being good at what he does

[YuginKadoya]

No pun intended Is this thread for Tom Lee to laugh at or worth to disgrace him even if most of his speculation was rather absurd We can not ignore his speculation at all because he is a well-known individual, after all, Well I think his latest speculation really fits the bill this time, I guess that we can hit the $40,000 USD max this bull run, But again even though there are many speculators that have said that this is the near price bitcoin may be landed, But In my opinion that it is still unpredictable and we can still have different things that may happen with the price, the price can decrease a certain resistance or we can continue any further up to $100,000 USD so if tom lee doesn't predict it yet then this price may happen aswell.

[ShooterXD]

Maybe you will like to take a look at this video: https://www.youtube.com/watch?v=FCeFPxgHMUU

IN my opinion, libra is just the STATE trying to hit cryptocurrency. But people who will decide this

[gentlemand]

Time for OP to lay out that 50 BTC to this forum so he can change his name tom.lee.reporter.

If I remember rightly he's made one call since he popped up that turned out right. Every single other one's been utter bilge. I think his hit rate is about 1-5%. I would favour following a psychic octopus.

[FanEagle]

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

[TravelMug]

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

So let's just ride the wave with Tom, after-all everyone here to make more money and enjoy his bullish predictions.

[omonuyak]

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

So let's just ride the wave with Tom, after-all everyone here to make more money and enjoy his bullish predictions.

I am one of his fan and I do really enjoyed his speculations and predictions of bitcoin rally. In a way, this guy has contributed to cryptocurrency and bitcoin more than many of us and most time because of the large followers , his predictions do move market upward. He has been positive on bitcoin from the beginning and he has remained like that and that is a sign that he know what he is doing and his is doing it very well. I do feel happy when bitcoin is going up and sad when it is falling and that makes me be the Tom lee’s fan.

[exstasie]

Time for OP to lay out that 50 BTC to this forum so he can change his name tom.lee.reporter.

If I remember rightly he's made one call since he popped up that turned out right. Every single other one's been utter bilge. I think his hit rate is about 1-5%. I would favour following a psychic octopus.

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

[gentlemand]

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

Then it's far better to just say 'I'm a perma bull' rather than turn up on TV and drop pointless predictions.

He can even get a T shirt printed saying 'I'm a perma bull' and he can point to it when anyone asks him what he thinks the price will do.

Still, he gives us something to talk about every now and then.

[exstasie]

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

Then it's far better to just say 'I'm a perma bull' rather than turn up on TV and drop pointless predictions.

He can even get a T shirt printed saying 'I'm a perma bull' and he can point to it when anyone asks him what he thinks the price will do.

Well the dude's hyping up his fund, keeping his investors licking their chops. He has some motivation to make those predictions outside of just being a perma-bull. But the other thing is he's a fixture on CNBC's crypto coverage and they're always asking him for his price predictions. I remember right near the bottom last year, he said he didn't want to make predictions anymore. Coming from a perma-bull, I guess that's the optimal time to buy!

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

[gentlemand]

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

I've never doubted the prices he espoused were going to happen at some point. It's the timing that's been wrong most of the time.

I hope he doesn't have a legion of fans who go full leverage every time he makes a prediction. If they did then they'll all be in cardboard boxes by now.