Speculating with Tom Lee

[Febo]

In other words, we see strong probability that Bitcoin gains >100% in 2020.[/glow][/i]

Bitcoin Gold and Bitcoin Diamond and Bitcoin SV and DASH gained 100% in half day. Why would Bitcoin not in a year?

[pooya87]

In other words, we see strong probability that Bitcoin gains >100% in 2020.[/glow][/i]

Bitcoin Gold and Bitcoin Diamond and Bitcoin SV and DASH gained 100% in half day. Why would Bitcoin not in a year?

because apples and oranges!

first of all those are pumps not rises. and just like any pump they are always followed by a dump. what we have in bitcoin is a solid rise and if there is any drops it will only be corrections as it is evident from the past 11 years.

secondly every single day for the past decade that altcoin market existed we have been seeing a handful of shitcoins being pumped hard and then dumped harder. 100% is the smallest pump size of these shitcoins. and at the same time it had nothing to do with bitcoin and what it is going to do in the future.

[bbc.reporter]

@pooya87. The past 11 years? Bitcoin was pumped by Mtgox allegedly to its all time highs of that time and it was dumped. 2017 saw another pump by allegedly Tether printer Bitfinex to another all time highs and it was dumped again.

@Febo. He does not want to make another wrong prediction anymore hehehe.

[pooya87]

@pooya87. The past 11 years? Bitcoin was pumped by Mtgox allegedly to its all time highs of that time and it was dumped. 2017 saw another pump by allegedly Tether printer Bitfinex to another all time highs and it was dumped again.

there is a big difference between a bubble and a pump and dump. what i meant by the past 11 years was the overall price movement in comparison. bitcoin goes up in the end no matter what it does in the middle but altcoins go up then down back to where they started and even lower hence their pump and dump.

in a pump and dump, price goes up lets say from $10 to $20 but since it is "pump" it will come down to $10 and then continues going lower to $9->$8->...
in a bubble price goes up from $10 to $20 but since it is a "bubble" it pops and price comes down to $15 and after a while that the bear market ended it continues going back up $16->$17->$20->$25
it would look like this:

[Searing]

Has Tom Lee every speculated what would happen if Craig Wright actually was part of the Tulip Trust and get the private keys to the 'supposed' billions in BTC development coins?

Just curious. I've never seen ANY BTC prophet or Crypto prophet on T.V. say anything about this very, very 1 in a million possibility. Though they often talk about BTC and end of the world,

in which case you should have some gold...is the 'snicker' point on air.

I was just wondering,

[bbc.reporter]

Has Tom Lee every speculated what would happen if Craig Wright actually was part of the Tulip Trust and get the private keys to the 'supposed' billions in BTC development coins?

No, however, I am certain that he will be very bullish hhehehhee.

In any case, why do I have a feeling that he and his clients are selling again? He makes bullish predictions on CNBC, bitcoin is red.



Bitcoin bull Thomas Lee, head of research at Fundstrat Global Advisors, is predicting another good year for the world’s most dominant cryptocurrency.

Lee argues,

“This is bullish for Bitcoin. And then with geopolitical tensions in the Middle East, that’s good for crypto. So, there should be a lot of tailwinds. We’re getting a lot more interest in it as well from our clients.”

Read in full https://dailyhodl.com/2020/01/24/fundstrats-tom-lee-says-clients-showing-increasing-interest-in-bitcoin-btc-predict-big-year-for-leading-cyptocurrency/

[bbc.reporter]

This is the skeptical me's translation of Tom Lee's statmement. Will everyone please stop dumping your shares to give myself and my clients more time to dump our shares hehehehe.

He also mentioned stocks are beginning to appear like cryptocharts. This might be Tom Lee's 2018 for stocks hehe.



Lee says that the degree of investor panic over the coronavirus is unwarranted, reports MarketWatch.

“Because of the idiosyncratic nature of a potential pandemic, it is really difficult to know when it is priced in.”

The analyst also forecasts that the stock market could bottom out and ignite a V-shaped reversal that would signal a sharp rally after the severe correction.

Source https://dailyhodl.com/2020/03/01/fundstrat-analyst-tom-lee-says-stocks-are-starting-to-look-like-crypto-with-3-18-trillion-wiped-out-in-five-days/

[bbc.reporter]

This article was shared by Tom Lee on social media.

As long as bitcoin's ups and downs in price is very correlated to equities, I reckon that the contents of this article might also be appropriate to the bitcoin speculators.

The article also implies that Trump should win if you want a more bullish market hehehehe.



An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P’s 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.

Also of note is the change in the yearend rally. Prior to 1987, from the close of trading on the Friday after Thanksgiving to yearend, the S&P 500 rallied only 20 times in 35 years. As Thanksgiving bullishness lost steam in 1987, the rally afterwards occurred more frequently. Since 1987, S&P 500 has logged gains in 24 of 31 years from the close on Friday after Thanksgiving to yearend.

Source https://jeffhirsch.tumblr.com/post/630234708561821696/sp-500-october-gains-frequently-precede

[okala]

I always like positivity on bitcoin price and when ever I see Tom Lee predictions I am always motivated. Bitcoin may get to $20,000 in this 4qter and by January next year it might get above that. I believe that we just need to take more steps by buying more than selling at this time in other to make more gain when all this prediction turns reality.

[bbc.reporter]

News update!

Tom Lee is back with his new bitcoin predictions for our enjoyment hehehe. Everyone will like what predicts! However, might this also imply that we might witness something similar to his famous prediction of 2019?

There is an interview in the source.



Bitcoin to more than triple next year?
@fundstrat's Tom Lee makes the case

Source https://twitter.com/CNBCFastMoney/status/1333898396118245377