Topic: [2019-02-26] Tom Lee: Bitcoin Will End 2019 On A High Note - page 2. (Read 407 times)

When last month I saw this:

McAfee to Lead 2020 Presidential Campaign ‘in Exile’ After Alleged IRS Indictment


FEB 10, 2019

Fundstrat Expects 2019 to Bring Incremental Improvements Supporting Higher Crypto Prices


definitely, these "experts" need to take vacations

But who cares if a broken clock is right occasionally? What this ecosystem needs is more people with realistic views and accurate predictions based on analysis. Instead we have very polarized doom/moon opinions. To me this is a sign that even after 10 years, the ecosystem is nowhere near mature and there's still a long road ahead.

Oh man you really hard on Tom Lee,  . But yeah, of all the perma-bulls around, only Tom has the audacity to put exorbitant price predictions eventhough obviously we all know that the price is going down and yet he chooses to ignore the signals, specially his predictions in 2018. So I don't know if we really need to 'trust' his instinct again or just totally ignore his predictions this 2019.

@gentlemand. However, he might get it right some of the time hehehe. If 2019's high note for him is anything far lower from his original $25,000 prediction for 2018 then he has become less emotional and more rational.

Tom Lee is an instant bleurgh. Not only has he been utterly wrong he's also been very dull and a backtracker to boot. I'd be more interested in a psychic octopus giving their thoughts.

Only that McAfee dude is still persistent on making some exaggerated speculations.He do either tell positive or negative most of the time with BTC. When these so-called
experts do attack BTC then expected reputation and views of crypto people would be on the same way too which means losing out popularity and sooner would really be ignored.
It is much better for them to make some neutral-good feedbacks or views so community wont surely hate them.

Finally, Tom Lee realized that his reputation was falling just like the price of bitcoin, with only one difference: bitcoin's price could increase again in the future while Tom Lee's reputation in the crypto market will not be more the same. Other experts have disappeared, next that must give up making exaggerated forecasts is John McAfee

He admittedly does have some level of economical understanding, but that's concerning the legacy market/industry as a whole. The mistake he continuously makes when it comes to crypto is sticking to what happened back in 2017, and thinks it was a normal event, therefore it makes sense that Bitcoin's "fair" value should be $20,000.

Even a broken clock is right at least twice a day, but this dude has been way off with his predictions every single time in 2018/2019. I honestly can't remember anything he said related to crypto that made sense. He's better off waiting for the next bull run to initiate and then predict prices. Even the worst noob is an expert during a bull run.

He's right about the ETF shit,but I don't think that a major recession is coming.
Bitcoin might end 2019 with a higher price,but we don't know wether the price will be 4.5K USD or 10K USD(or something in between).

ETF approval and its effect in market still give me lots of reason to think of bitcoin in 2020. While early adopters are lukewarm about it and new enthusiasts believe is a saving avenue to bring billions through institutions. Bitcoin is still in its early days of adoption and it is more reason for struggle on prediction. It is disheartening to see the slow rate of processing this ETF approval after long submission

I agree. We could see as high as $6,700 by the end of the year at this recovery rate. It's hodling on to the dumps well so there are people buying still. Good news bulls!

This has being a thought to many people this year that market will be much better than 2018 and it should be and may be if some country make it legalize it it can even be better than 2017 with some more positive news follow that. It has to be better than 2018 for sure.

Almost (or maybe every) people who predict Bitcoin price did the same thing. I still wonder why people keep saying stuff like this and even continue to do so when nearly all of his prediction failed. Is there no credibility left?

True. I have an opinion that every economical educated figure sees himself as crypto expert and a person who can prognose the price. Ridiculous!

Remember this guy has been known to cut down his own prediction. Last year he predicted that Bitcoin will end the year at the price of 25,000$ and he cut it down in November to 15,000$ which also didn't happen by the end of 2018. Now this guy's prediction is going vague as possible as all his credibility has been lost and the only way for him to be right is for Bitcoin to go above 4,000$,

The crypto market has suffered heavily over the last year, but things seem to have started looking up. Bitcoin’s price is finally rising to break the $4k resistance level, a development that many analysts say could set the crypto on course to a much higher price.

As expected, the big wigs of the crypto space have noticed the positive development, and one of these people is Tom Lee. Tom is the CEO of Fundstrat Global Advisors, and he has always been bullish about Bitcoin even during its most tumultuous days over the past year.

Bitcoin To Soar Higher

Speaking during an interview at the Blockchain Economy Istanbul Summit, Lee disclosed his optimism about the future of Bitcoin. Tom was speaking just as Bitcoin reached $3,900. According to him, the $3,900 price is just a start and Bitcoin is headed for a much higher price by the end of the year.

According to Tom, the current rise of the global markets, especially the stock market, is bound to affect Bitcoin positively. Also, the fact that the dollar is stable is good news for the Bitcoin market.

Bitcoin Doesn’t Need An ETF To Do Well This Year

Commenting on the issue of the anticipated approval of a Bitcoin ETF, Tom had a rather radical opinion. In his view, a Bitcoin ETF isn’t likely to be approved in 2019. He said that although an ETF would be good for Bitcoin, the crypto doesn’t really need an ETF to succeed in the market.

At the moment, there are two ETF applications pending review by the SEC- one by the NYSE, and another by CBOE. Over the last few months, various SEC committee members have shown some level of acceptance for the crypto industry, a development that some people have interpreted to mean that an ETF could be approved soon.

Economic Recession Could Favor Cryptos

At a time when the world economy is staring at a recession, Tom Lee thinks that scenario could actually work in Bitcoin’s advantage. In his opinion, a recession could lead more people to get interested in cryptocurrencies, a move that would increase demand and ultimately drive up the price. However, in terms of the trading volume, Tom Lee thinks that there won’t be much change.

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Source: ZyCrypto