Speculating with Tom Lee

[Wind_FURY]

Another barrier preventing institutional investors from entering the cryptocurrency space is a lack of infrastructure, Lee says. However, Lee believes this is due to the lack of regulatory protection. "There’s not enough legal and regulatory protection for bitcoin in the U.S. to prevent a White House executive order banning bitcoin, like nothing today would prevent bitcoin from being outlawed in the U.S."

The officially sanctioned, SEC-approved Bitcoin futures market says otherwise. And Tom Lee knows this.

So why the bullshit, Tom?

Easy game. Whale-cumulators placing their bids for as low as they can, and FUD all they can to cause a panic for the plebs.

Don't listen, and HODL.

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[marky89]

The officially sanctioned, SEC-approved Bitcoin futures market says otherwise. And Tom Lee knows this.

So why the bullshit, Tom?

Easy game. Whale-cumulators placing their bids for as low as they can, and FUD all they can to cause a panic for the plebs.

Don't listen, and HODL.

Come to think of it, Tom was screaming "buy" all through 2018 before the crash to $3000. Maybe he was selling us his bags at the time. You can never trust these Wall Street types.

So yeah, he's probably FUD'ing the market to buy in.

[bbc.reporter]

Last month, Tom Lee has said that bitcoin tends to follow the S&P500. This news article might be good news for him and us hehehe.

The Federal Reserve will begin buying $60b of treasury bills every month. This will pump more money in the American economy to spend and invest which will also have a positive effect on the S&P500.



The New York Fed’s open markets desk will “purchase Treasury bills at an initial pace of approximately $60 billion per month, starting with the period from mid-October to mid-November,” according to a statement. The Fed said purchases of Treasury bills will extend “at least into the second quarter of next year,” leaving open the possibility of a change in the pace and duration of purchases.

Source https://pbn.com/fed-to-start-buying-60b-of-treasury-bills-a-month-from-oct-15/

[exstasie]

Last month, Tom Lee has said that bitcoin tends to follow the S&P500. This news article might be good news for him and us hehehe.

The Federal Reserve will begin buying $60b of treasury bills every month. This will pump more money in the American economy to spend and invest which will also have a positive effect on the S&P500.

The markets reacted nicely; big gap up on the SPX. I expect this to encourage continued sideways/upward momentum in equities.

Tom is right too, what's good for stocks is good for Bitcoin. Less uncertainty in the economy means riskier investments (like BTC) are more attractive and justifiable.

[kapalmabur]

Last month, Tom Lee has said that bitcoin tends to follow the S&P500. This news article might be good news for him and us hehehe.

The Federal Reserve will begin buying $60b of treasury bills every month. This will pump more money in the American economy to spend and invest which will also have a positive effect on the S&P500.

The markets reacted nicely; big gap up on the SPX. I expect this to encourage continued sideways/upward momentum in equities.

Tom is right too, what's good for stocks is good for Bitcoin. Less uncertainty in the economy means riskier investments (like BTC) are more attractive and justifiable.

if the price of Bitcoin following the S&P500 is indeed really terrible, why? if you see the price of the S&P500 in 2003 and 2009 falling very far,
you can see it on the google index S&P500, and if that happens in Bitcoin,
I don't know whether people's opinions will give a negative or people will come out, for sure this will interesting

[bbc.reporter]

The cryptospace is as part of the internet as the internet is part of our society, I reckon. Similar to good internet stocks' lows after the dump, another group of people became rich because they bought. I speculate that Tom Lee is aware of this. I speculate that Tom Lee is buying.



Tom Lee, the founder financial analytics boutique Fundstrat, has made a shocking statement about crypto that completely contradicts his earlier prediction.

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze. Lee says that it possibly could be the case.

Source https://u.today/its-possible-that-crypto-industry-is-slowly-bleeding-to-death-says-fundstrats-boss-tom-lee

[exstasie]

Tom Lee, the founder financial analytics boutique Fundstrat, has made a shocking statement about crypto that completely contradicts his earlier prediction.

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze.

He didn't agree, he said "it's possible." Big difference. Of course it's possible.

I personally think Bitcoin is ultra hard money. It has the best monetary properties of any asset on Earth so far, implying much more upside. At the end of the day though, large scale adoption of any form of money requires people putting their confidence/faith in it. This is a social phenomenon and there's no guarantee the best form of money will win. It's still a binary outcome for me: BTC is either headed to the millions or towards $0.

It's nice to see Tom Lee feeling so bearish though. He's a contrarian indicator.

[1Referee]

I speculate that Tom Lee is aware of this. I speculate that Tom Lee is buying.

I hope for him that your speculations are wrong. Tom Lee's model of analyzing this whole market is flawed to its core, so if he put any money where his mouth was/is, he is probably close to broke, or at least, those who entrusted their funds to him lost a lot of money.

One would expect him to quit after being wrong so many times, but it seems that he is waiting for a new bull run to initiate so that there are fresh suckers to fall victim to his flawed understanding of the crypto market. People did better countering his predictions than to follow them, lol. Fundstrat has become Fundrat.

[marky89]

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze. Lee says that it possibly could be the case.

That's probably the most bearish thing I've ever heard from Tom Lee. Could this be a bottom signal?

What happened to $40k by end of year?! https://bitcoinist.com/bitcoin-to-40k-in-the-next-few-months-says-tom-lee/

[bbc.reporter]

Tom Lee, the founder financial analytics boutique Fundstrat, has made a shocking statement about crypto that completely contradicts his earlier prediction.

The Bitcoin permabull has agreed with "an unpopular opinion" about how the cryptocurrency industry is slowly bleeding to death after exchanges and early adopters raked in huge profits during the crypto craze.

He didn't agree, he said "it's possible." Big difference. Of course it's possible.

I personally think Bitcoin is ultra hard money. It has the best monetary properties of any asset on Earth so far, implying much more upside. At the end of the day though, large scale adoption of any form of money requires people putting their confidence/faith in it. This is a social phenomenon and there's no guarantee the best form of money will win. It's still a binary outcome for me: BTC is either headed to the millions or towards $0.

It's nice to see Tom Lee feeling so bearish though. He's a contrarian indicator.

I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

[CryptoBry]

That's probably the most bearish thing I've ever heard from Tom Lee. Could this be a bottom signal?

What happened to $40k by end of year?! https://bitcoinist.com/bitcoin-to-40k-in-the-next-few-months-says-tom-lee/

One thing I realized with these famous personalities having the tendency to put forth outrageous claims of what Bitcoin will be at a certain time is that they are just joking and they are doing it without any trace of being comedic. In the case of Tom Lee, he is probably enjoying the attention the media is heaping up on him so that when the media would like to confirm any possible bullish or bearish trend, he can be serving as the go-to guy. This is just a great entertainment, guys! And there are many more other guys like him in the cryptocurrency industry there is no need for me to mention any name.

I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

That can be the best thing to do. Whenever someone like Tom Lee opens his mouth, we need to read between the lines so we can get the real message behind. Still, I have some respect for Tom lee as I am sure he also contributed something towards more adoption of cryptocurrency compared to us ordinary guys and just small players.

[pooya87]

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I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

is "he" bullish/bearish and buys/sells bitcoin or is he just advertising himself as bullish/bearish to get people to invest their money with his company which means he invests with other people's money and only receives his commission no matter what happens to the price?

[BitHodler]

is "he" bullish/bearish and buys/sells bitcoin or is he just advertising himself as bullish/bearish to get people to invest their money with his company which means he invests with other people's money and only receives his commission no matter what happens to the price?

This. I have never seen him talk about being interested in buying Bitcoin or his personal holdings at all, it's just a continuous sales pitch to attract capital from people who are too dumb to invest themselves....

I rather pay a legacy banker to invest my capital than to allow Tom Lee to do it, because I'm quite sure that he will mess up the way he has been messing up for a long time now.... his whole crypto journey is one big failure.

[marky89]

I am beginning to notice that he is a contrarian indicator not because he is a bad trader, but because he be buying when he is bearish and he sells when he is bullish. Forum cave trolls laugh at him, however, he might already be laughing at us since 2017.

Good point. He might be playing the market like a fiddle.

He's an equities guy. He knows how to ride the long term bull, so it would be an odd time for him to turn bearish. This is where long term investors should start dip buying if anything.

[bbc.reporter]

@exstasie. Also, if Tom Lee is a contrarian indicator, his prediction of bitcoin pumping together with the S&P500 might not occur. It will be a dump similar to now!

He might also not be trolling us.

[figmentofmyass]

Also, if Tom Lee is a contrarian indicator, his prediction of bitcoin pumping together with the S&P500 might not occur. It will be a dump similar to now!

they aren't directly correlated. it's not like gold and the australian dollar, which has a direct relationship because australia is a major global gold producer.

bitcoin's relationship with the equities markets is indirect. it's more complicated than "S&P500 up, bitcoin up". i believe however that there is a relationship tied to macroeconomic cycles and global market psychology. it has to do with this idea of "risk on risk off".

when there is lots of cheap capital and it's piling into already inflated markets as investors make riskier and riskier bets, that's a situation where both equities and bitcoin should prosper. and historically that's what has been happening for the better part of the last decade. i think tom is right about that.

[figmentofmyass]

tom lee says the bitcoin bull market is back!


https://twitter.com/fundstrat/status/1188858045713006592

i gotta say, i agree with him on every point. scary thought, given his status as a contrarian indicator.

the macro context is positive, sentiment hit dismal levels before reversing, and the chart is impossible to ignore. i don't know how his BMI works but the fear & greed index agrees too---it was in "fear" or "extreme fear" for the whole past month. https://alternative.me/crypto/fear-and-greed-index/

[bbc.reporter]

@figmentofmyass. Danger! He might be selling! I predict bitcoin to be dumped below $8500 again next week hehehe.

@exstasie. Do you have any speculations?

[bbc.reporter]

Tom Lee's lost Chinese brother Bobby is more bullish than him! He should also offer to eat sensitive body parts similar to John McAfee hehehe.

In any case, I speculate another dump in 2 weeks.



Bobby Lee, who was at the helm of the world’s oldest cryptocurrency exchange BTCC, thinks there are brighter days ahead for bitcoin. Lee cited that in the coming years, bitcoin is likely to reach the elusive million-dollar mark. He offered the outlook while at the Malta AIBC summit even as bitcoin remains somewhat bearish in the near-term.

Lee expects new waves in the coming years that will drive the price to the six-figure region and eventually cross to $1 million per bitcoin.

Read in full https://zycrypto.com/bullish-call-crypto-veteran-bobby-lee-finds-1000000-bitcoin-price-possible-after-two-more-bubbles/

[bbc.reporter]

Is $150,000 Tom Lee's longterm price speculation for bitcoin hehehe? I reckon that a 1,670% increase might not be possible anymore. This would require substantial risk and pumping. How much fiat did it take for bitcoin to be on $20,000 and how much more would it take to be on $150,000?



Bitcoin would need to surge past $150,000 per coin to make an exchange-traded fund for the cryptocurrency work, Fundstrat Global Advisors co-founder Tom Lee said, according to Bloomberg. Such an advance would mark a roughly 1,670% increase from current levels.

Several firms look to ride the hype behind crypto-coins through related ETFs, but the Securities and Exchange Commission has mostly stifled attempts to form such alternative assets. The $200 billion crypto sector enjoyed a moderate recovery from an early-fall trough, but it still has a way to go to meet demand necessary for an ETF, Lee said.

"The SEC needs to punt the ETF until crypto becomes bigger," Lee reportedly said at conference in Singapore on Friday, adding that "demand for an ETF is monstrous."

Large fund releases can bring in around $13 billion in first-year demand, and the buzz around cryptocurrencies remains healthy, according to Lee. His $150,000 estimate requires a 1,670% gain from bitcoin's current price.

Read in full https://markets.businessinsider.com/currencies/news/bitcoin-needs-to-hit-150000-for-etf-possible-tom-lee-2019-11-1028694339