Speculating with Tom Lee

[exstasie]

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?

That only considers demand. Bubbles have been characterized by extremely thin ask sides on exchanges. That's part of the magic. There's hardly any BTC for sale on exchanges, so the price goes exponential.

I think Tom Lee is aiming higher than $150K long term. That's just the price he thinks is necessary to facilitate viable liquidity levels for a Bitcoin ETF.

[Wind_FURY]

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

That's his forecast? Then the rich will be the last entrants/laggards in Bitcoin's "innovation adoption lifecycle". It might not be too late for the plebs, https://bitcointalk.org/index.php?topic=12156.0

Buy the dip, and?

[bbc.reporter]

This must be real bearish times. Fsinsight is Fundstrat's research team. Why are they promoting Craig Wright's scamcoin? Has Tom Lee entered the scamcoin pumping business?

They might have extracted their BSV from their bitcoin private keys hehehe.



Bitcoin SV believes its protocol best represents the original vision for Bitcoin. Specifically, this means that Bitcoin SV does not limit its block size and believes that developers have too much power relative to miners. Today, the network is primarily used for storing metadata. BSV’s goal over the long-term is to provide usage both as a payments network and commodity data ledger (metadata storage). With its ambitious goals, Bitcoin SV is contributing to the necessary protocol design experimentation in crypto. No cryptocurrency has achieved global adoption, thus the space needs projects to continue tinkering with protocol designs to find the optimal one that can accommodate global adoption.

Source https://fsinsight.com/2019/12/04/crypto-special-report-bitcoin-sv-the-big-block-bitcoin-targeting-enterprise-adoption/

[Searing]

This must be real bearish times. Fsinsight is Fundstrat's research team. Why are they promoting Craig Wright's scamcoin? Has Tom Lee entered the scamcoin pumping business?

They might have extracted their BSV from their bitcoin private keys hehehe.



Bitcoin SV believes its protocol best represents the original vision for Bitcoin. Specifically, this means that Bitcoin SV does not limit its block size and believes that developers have too much power relative to miners. Today, the network is primarily used for storing metadata. BSV’s goal over the long-term is to provide usage both as a payments network and commodity data ledger (metadata storage). With its ambitious goals, Bitcoin SV is contributing to the necessary protocol design experimentation in crypto. No cryptocurrency has achieved global adoption, thus the space needs projects to continue tinkering with protocol designs to find the optimal one that can accommodate global adoption.

Source https://fsinsight.com/2019/12/04/crypto-special-report-bitcoin-sv-the-big-block-bitcoin-targeting-enterprise-adoption/

Tom Lee does whatever it takes and says whatever outrageous thing he can to keep his profile in the news for his consulting business which I think is not limited to cryptocurrency.

Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.

[bbc.reporter]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

[Searing]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

I'm sure there are a lot of BSV $$$ out there for his traditional investment arm. However, you are correct if the 'Tom Lee' Brand is associated

with Bitcoin Core on his talk shows and other endeavors, it does 'weaken' his brand, as they say.

What do I know it seems like a pretty good gig he has going on all this.

One thing for sure about Bitcoin/Crypto, when they put you us someday in the Nursing Home and we are swapping stories, it will be either:

(1) I was damn glad I drank the kool-aid of BTC/Crypto!

or

(2) I am damn sad I drank the kool-aid of BTC/Crypto!

flip a coin

Brad

[Juggy777]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.

[pooya87]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

creating a shitcoin by forking bitcoin is one thing and it is done by many. nobody cares about that even if they claim to be "the real bitcoin". but to also claim to be Satoshi in the most obvious scam in the history of bitcoin is another thing.
at this point whoever associates himself with BSV is either the biggest idiot on the planet or has some personal benefits in it. i'd bet it is the later for Tom Lee.

[Lucius]

at this point whoever associates himself with BSV is either the biggest idiot on the planet or has some personal benefits in it. i'd bet it is the later for Tom Lee.

I can only agree with the above statement, Tom Lee has lost all credibility, and now is turning to controversial topics/people like Faketoshi (anyone watch whole video - is there mention about "I am real Satoshi?") just to get as much attention as possible. I think with this move Tom Lee actually showed how much he understands Bitcoin, and maybe he thinks BSV is just a better version of BTC.

From a perma-bull to someone who thinks USA will ban BTC, and now to supporter of FaketoshiBSV. The next thing I expect is TomLee BTCTC (true coin), and maybe posting "I'm actually Satoshi"

[exstasie]

Tom Lee does whatever it takes and says whatever outrageous thing he can to keep his profile in the news for his consulting business which I think is not limited to cryptocurrency.

Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.

That's all it boils down to. No matter what he's said over the past few years, it's always been in the interest of Fundstrat.

Those other CNBC guys like Brian Kelly are always hyping up shitty altcoins too. I don't think they take the same view of BSV that a lot of Bitcoin investors do. To them, it's just another coin.

[Searing]

Tom Lee does whatever it takes and says whatever outrageous thing he can to keep his profile in the news for his consulting business which I think is not limited to cryptocurrency.

Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.

That's all it boils down to. No matter what he's said over the past few years, it's always been in the interest of Fundstrat.

Those other CNBC guys like Brian Kelly are always hyping up shitty altcoins too. I don't think they take the same view of BSV that a lot of Bitcoin investors do. To them, it's just another coin.

Exactly, because he was such a BULL in the past he is riding on this to get him exposure as a BULL in the future. He would not get on such t.v. shows as an

'expert' if he was a BEAR...they have enough 'regular' investment types that can bash BTC for that without bringing in outside 'experts'.

So his only game to keep getting exposure from past efforts is to go bull BULL advisor.

If he was wrong about that and it all goes BULL market to make him look foolish enough, they would dump his ass anyway of the t.v. pundit circuit

so no harm no foul ..to just keep going with the bull trend right/wrong or whatever to keep his niche

I hope he is dead right on such bullish views..but he seems not to have any other tools in his kit...so even for us hoping he is dead right..it can be annoying...

[pamsugas]

like Lee's precedent is wrong, bitcoin is still in the area of $ 7,000 per one bitcoin.
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again

[Searing]

like Lee's precedent is wrong, bitcoin is still in the area of $ 7,000 per one bitcoin.
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again

Well grab'd this from the WO thread here on www.bitcointalk.org

https://bitcointalk.org/index.php?topic=178336.511680;topicseen

The sub-link in the above thread (read this too) is here:

https://twitter.com/caprioleio/status/1203628681903689728







So we will see if Tom Lee's Fundstat views have any real merit here soon I guess.

Brad

[bbc.reporter]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.

I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.

[pooya87]

@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.

https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/

@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.

I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.

do we even know whether he has any bitcoin at all?
for all we know, he might have never even touched bitcoin. their company certainly doesn't do it. they are just "providing advice", in other words it seems to me like they are earning money by telling others what to do with their money. whether they are right or wrong they make their money. so when they said bitcoin is going to $100k when the bubble at $20k was bursting, they were still making money

[bbc.reporter]

@pooya87. I speculate that Tom Lee might be buying during the late months of 2017, holding on all of 2018 and might have begun to dump when bitcoin was on $14,000 this year.

The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.

[pooya87]

@pooya87. I speculate that Tom Lee might be buying during the late months of 2017, holding on all of 2018 and might have begun to dump when bitcoin was on $14,000 this year.

The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.

that would be a very weird strategy to sell one thing that is going down and hold others that are going down even faster or harder! if he has indeed sold any bitcoins that he might have held, then he has surely sold any of the airdrops that he had gotten due to owning bitcoin.
one possibility though could be that he got into those altcoins recently hoping for them to pump as bitcoin starts seeing some positive rises consistently and these altcoin dumps also comes close to being over.

[bbc.reporter]

@pooya87. Why would he support Craig S. Wright's scam, however? There are many other cryptocoins and projects that would not hurt his reputation.

[exstasie]

@pooya87. Why would he support Craig S. Wright's scam, however? There are many other cryptocoins and projects that would not hurt his reputation.

Has he not done other similar interviews or discussed other altcoins? I'm not too familiar with this "3 Points TV" program. I skimmed the Wright interview and he seemed neutral at least, not gushing over BSV. I don't get the feeling he's malicious about it, he just seems to think BSV is like any other altcoin.

[bbc.reporter]

I reckon the Tom Lee contrarians might begin to convert into Tom Lee pumpers? This might be 1 or 2 of the very few times in history that he might make a correct prediction hehehe.



The founder of Fundstrat Tom Lee in an overview report regarding Bitcoin said that BTC has the potential to grow 100% in value by the end of 2020. Although the report has not been released, Lee believes the May halving event will play a major role in the growth.

Lee highlighting some sections of the soon to be released report said that the current Bitcoin price is not reflecting the value of the halving. Lee also shared an excerpt of the report, which said:

“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019.”

The report predicts:

In other words, we see strong probability that Bitcoin gains >100% in 2020.

Read in full https://www.fxstreet.com/cryptocurrencies/news/top-analyst-tom-lee-predicts-bitcoin-100-growth-in-2020-202001140807