Topic: As bitcoin plunges, mega-bull Tom Lee stands by his $25,000 target (Read 673 times)
September 05, 2018, 02:07:19 AM
Buying when there's blood on the steets? Is that the same as "buying the dip"? If they're the same, then I believe will need 10 maxipads. I am dripping in my own blood! Hahaha.
September 05, 2018, 01:38:36 AM
But what happened to the saying buy when there is blood on the streets? Would everyone not agree that this is the best time to buy while the public is skeptical?
Most people agree that now is a good time to buy Bitcoin, because we're in a bear market and a new bull run will eventually start, so there's little arguing here, some people just think that we may reach even lower prices like $5k or $4k. But experienced Bitcoiners are kinda annoyed by these "new ATH in 2018" predictions because of how unrealistic they are, it just promotes delusional get rich quick mentality instead of realistic view that there are cycles, that Bitcoin is immature. And get rich quick mentality is bad because investors are nervous all the time and eventually become disappointed and quit, even at a loss, while realists hodl and slowly accumulate to get big profit in long term.
September 04, 2018, 09:15:26 PM
But what happened to the saying buy when there is blood on the streets? Would everyone not agree that this is the best time to buy while the public is skeptical?
September 04, 2018, 09:03:42 PM
It could very well be that he was amongst those who bought in near the peak hoping for the price to hit $30,000 or even $50,000 in 2018. If people keep shilling a coin for that long, you know there is an underlying cause
i can not possibly say why he is sticking to his prediction although it has been unrealistic for a while now and it is starting to become weird! but considering Lee has been around longer than the ATH at $20k and have been speculating like bull prior to this, i would say what you posted is unlikely to be the case.
September 04, 2018, 12:52:44 PM
It could very well be that he was amongst those who bought in near the peak hoping for the price to hit $30,000 or even $50,000 in 2018. If people keep shilling a coin for that long, you know there is an underlying cause
That's actually something I haven't thought about.
It reminds me of the crypto twins on youtube who are shilling the living crap out of XRP and EOS, both tokens they went full fomo on around their higher levels. It's a damn shame that the internet is filled with these idiots. This is exactly why the most recent generation of newbies are so fixated on pump and dump coins. Parasites they are.
Tom Lee just needs a break. By now everyone knows what his opinion is and there is no need for more rehashed statements. Perhaps he should browse through social media for once to see how people think about him. He's making it only worse for himself like this, especially with how the price keeps going down.
September 04, 2018, 06:47:47 AM
Bitcoin is going to touch $25,000 in five to six months to come especially if the ETF approved. The market has been moving in a sideline for more than eight days now and I think a break out will push bitcoin upwards that may cross $10,000 ahead of September ETF approval.
That is not a big factor to consider, whales are always one of it, try to imagine if etf will be rejected and then for sure dumping of cryptocurrency will be fast as long as they are in rush. If you will notice tom lee is one of the known person who can touch mentally state of crypto investors most of his predictions are accurate.
September 04, 2018, 02:40:47 AM
@Pursuer. But it really has a chance to slowly move up to $20k-$25k. If by the end of October or the middle of November bitcoin is stable on $15,000, then 20,000 is not that far away I reckon. Would it until then that we start to agree with Tom Lee and admit that we have made a mistake?
I think you add too much value to his predictions, and that while he didn't do much to be worthy of that confidence in him. All he did lately was play the perma bull that doesn't seem to be will to acknowledge the bear market.You know that his behavior is similar to that of all the bag holders desperately hoping for a recovery to the $20,000 mark? I strongly think that he's deep under water due to his overly bullish view on the market.
It could very well be that he was amongst those who bought in near the peak hoping for the price to hit $30,000 or even $50,000 in 2018. If people keep shilling a coin for that long, you know there is an underlying cause
September 03, 2018, 11:01:15 PM
Is everyone now liking Tom Lee's prediction? The absence of countering responses towards it in the forum might also be an act of a bull signal hehe.
nah, it's just that people usually don't care much about rise predictions during down times like this when there is no bull run going on yet. if price reaches $9k today they will all start paying attention to $20k, $100k predictions again.
also they are more interested in short term trends around here like whether bitcoin will reach $9k before the ETF rejection or will it remain here. and how much will it fall after the rejection.
September 03, 2018, 08:21:53 PM
@Pursuer. But it really has a chance to slowly move up to $20k-$25k. If by the end of October or the middle of November bitcoin is stable on $15,000, then 20,000 is not that far away I reckon. Would it until then that we start to agree with Tom Lee and admit that we have made a mistake?
September 02, 2018, 07:36:06 AM
It became evident in my mind that Tom Lee's $20,000 to $25,000 target is as easy to reach for something that is as volatile as bitcoin.
it is easy to reach a high price and rise a ridiculously big percentage but not always. so far these big rises have always been after a bull run not the start of it. for instance we first have a slow rise and a bull run and price goes up a lot then we have that big-bang where price shoots to the moon suddenly and then enters a big ass bubble which bursts later on.
looking at 2017 as the example we had the slow rise to $1000, even to $2000 and then we entered the bull market and were rising well enough with a very strong support to near $8500 to $9000 and then the end of the year began with that big ass shooting to the moon where price suddenly went to $20k and fell down. in fact this is one of the reasons why I say bitcoin is underpriced and should be back above $10k already.
in any case the rise to $20-25k is not going to happen because it is still a big shoot up and whatever this market is, it is not a bull market yet.
September 01, 2018, 08:20:50 PM
Is everyone now liking Tom Lee's prediction? The absence of countering responses towards it in the forum might also be an act of a bull signal hehe.
August 29, 2018, 04:44:09 AM
It became evident in my mind that Tom Lee's $20,000 to $25,000 target is as easy to reach for something that is as volatile as bitcoin.
Will we, the critics of the forum who are uneducated in economics and finance be proven as the monkeys or will Tom Lee be the monkey?
Will we, the critics of the forum who are uneducated in economics and finance be proven as the monkeys or will Tom Lee be the monkey?
Your guess is as good as mine because it boils down as what predictions could enter the real of reality. If bitcoin goes to $20K again then its proven that we all uneducated in economics are the fool. hehehe. But then again the market is very fragile and can go either direction as fast as Thanos (Theymos) snapped his fingers and eliminate 50% of those uneducated monkeys in the forum.
August 28, 2018, 08:18:09 PM
It became evident in my mind that Tom Lee's $20,000 to $25,000 target is as easy to reach for something that is as volatile as bitcoin.
Will we, the critics of the forum who are uneducated in economics and finance be proven as the monkeys or will Tom Lee be the monkey?
Will we, the critics of the forum who are uneducated in economics and finance be proven as the monkeys or will Tom Lee be the monkey?
August 26, 2018, 08:43:57 PM
Tom Lee stands by his $20,000 target again. That kind of bullishness is very impressive. I reckon someone should commision that a statue to be made in his image and declare him a bitcoin super hero hehehe.
But what might be his most convincing argument.
Bitcoin jumped from $6000 in the middle of last November to $20,000 by year’s end.
Read in full https://www.ccn.com/bitcoin-price-tom-lee-is-standing-by-his-20000-end-of-year-target/
But what might be his most convincing argument.
Bitcoin jumped from $6000 in the middle of last November to $20,000 by year’s end.
Read in full https://www.ccn.com/bitcoin-price-tom-lee-is-standing-by-his-20000-end-of-year-target/
August 24, 2018, 10:20:22 PM
Funny question, but serious. It will be September in less than 2 weeks from now, if someone was to ask Tom Lee if his $25,000 target on December is still possible, what would his answer be? hehehe
he didn't really change his ridiculous prediction when the bear market started and it became clear that the big rise of 2017 has come to an end, so i don't think he is going to change it now either. if he wanted to do it then he would have made a more reasonable one like reaching $15k or something like that by the end of the year
Someone should remind Tom Lee on social media that December is now only 4 months away hehehe. He has also been telling people in CNBC to not sell their stocks because the Dow Jones will make one big move this year.
I reckon Tom likes to buy into bubbles hehehe.
August 22, 2018, 07:53:26 AM
I would very much like to believe, but still understand that his predictions never came true.
August 22, 2018, 07:07:21 AM
Julian Hosp predicted 50k at the beginning of 2018, now he cancelled that prediction (he estimates about 12k now)
At the beginning of the year it seems there were countless gurus who said '50k'
https://www.bitcoinprice.com/predictions/
https://coincodex.com/article/1779/bitcoin-price-predictions-2018/
At the beginning of the year it seems there were countless gurus who said '50k'
https://www.bitcoinprice.com/predictions/
https://coincodex.com/article/1779/bitcoin-price-predictions-2018/
August 22, 2018, 03:20:33 AM
Bitcoin is going to touch $25,000 in five to six months to come especially if the ETF approved. The market has been moving in a sideline for more than eight days now and I think a break out will push bitcoin upwards that may cross $10,000 ahead of September ETF approval.
August 22, 2018, 02:28:29 AM
Everyone is free to predict bitcoin for the future. Tom Lee predict 20k-25k and Pantera capital predict about 20k so these two people guesses for this year are the lowest and i think has the bisgest chances that's possible to happen. Of course Tom Lee have not predict anything correct untill now.
August 21, 2018, 10:49:13 PM
Funny question, but serious. It will be September in less than 2 weeks from now, if someone was to ask Tom Lee if his $25,000 target on December is still possible, what would his answer be? hehehe
he didn't really change his ridiculous prediction when the bear market started and it became clear that the big rise of 2017 has come to an end, so i don't think he is going to change it now either. if he wanted to do it then he would have made a more reasonable one like reaching $15k or something like that by the end of the year
August 21, 2018, 09:12:06 PM
Funny question, but serious. It will be September in less than 2 weeks from now, if someone was to ask Tom Lee if his $25,000 target on December is still possible, what would his answer be? hehehe
July 17, 2018, 09:10:58 PM
Tom Lee was very happy to present another one of his expert technical analysis in CNBC after bitcoin broke $7000. There was also a poll in Twitter from CNBC that asked if bitcoin will break $7000. 72% voted no. The same view on bitcoin's future performance that we have in the forum, I reckon.
30% below 200 day moving average is lowest for bitcoin. It happened on 2011, 2016 and on 2018.
Watch Tom Lee https://www.cnbc.com/video/2018/07/17/bitcoins-breakout-cryptocurrency-tom-lee.html
30% below 200 day moving average is lowest for bitcoin. It happened on 2011, 2016 and on 2018.
Watch Tom Lee https://www.cnbc.com/video/2018/07/17/bitcoins-breakout-cryptocurrency-tom-lee.html
July 07, 2018, 03:55:28 AM
The bitcoin news media and the mainstream news media are very confusing. First they release Tom Lee cuts prediction to $20,000. 1 hour later I read news updates that said Tom Lee reduces prediction to $22,000. Another 1 hour later I read another update saying Tom Lee predicts the same $25,000 by end of year.
Is Tom Lee ok?
Is Tom Lee ok?
you can never trust the media when it comes to bitcoin!
for all we know Tom Lee has never even made any of these comments and they are making it up. at least that is always my first assumption when I read any news on the internet regarding bitcoin.
it is like that Apple guy (Steve Wozniak?) one day we read he has dumped all his coins and says bitcoin is shit the other day we read he is praising bitcoin and has a lot of bitcoin....
July 06, 2018, 11:47:03 PM
An ATH high this year really seems out of the question now to my mind. In any market confidence always evaporates much more quickly than it returns and so any recovery is likely to take a lot longer than the 4 months or so that we've had of negativity. Even if the recovery started as of today I don't see the price returning to $20k until the earliest of mid 2019.
Yes I agree completely. There isn't gonna suddenly be a crazy bull run by december while we are still at the bottom of the market in July. Turning around from a serious bear market takes time. The next 12 months will be Bitcoin turning around and moving back up to the ATH. I wouldn't be surprised if Bitcoin hits $20k next summer and then initiates the next boom, but it's not gonna happen this year. My guess for the end of this year is probably $10k. From this summer onward we'll probably technically be in a bull market as the price will in general probably be rising for the next 18 months or so, but its gonna be slow until hype gets crazy again and it'll probably be a year until that happens again.
July 06, 2018, 08:23:07 PM
@bbc.reporter thanks for the update.. Can I ask if Tom lee is a man?? because with that attitude only woman can change her mind multiple times.. Nevertheless,, I’m good that he is positive with his predictions,, but I’m not saying I trust this man or consider his speculation for my investment decision..
For sure his not ok and media is using him to prove a point that bitcoin is pure speculation from big names or manipulative..
Is Tom Lee ok?
For sure his not ok and media is using him to prove a point that bitcoin is pure speculation from big names or manipulative..
July 06, 2018, 07:59:22 PM
The bitcoin news media and the mainstream news media are very confusing. First they release Tom Lee cuts prediction to $20,000. 1 hour later I read news updates that said Tom Lee reduces prediction to $22,000. Another 1 hour later I read another update saying Tom Lee predicts the same $25,000 by end of year.
Is Tom Lee ok?
Is Tom Lee ok?
July 05, 2018, 09:04:16 PM
News update! Tom Lee is very much alive and ok, and he is still very bullish. But $5000 less bullish. He cut his bitcoin price target by 20% to over $20,000. I did not know that fund managers can be so flexible and adaptable hehe.
Fundstrat Global Advisors’ price target for Bitcoin was updated to “over $20,000 by the end of the year”, according to Tom Lee, founder and head strategist of the equity research house. While bullish and predicting a turn of events within the next six months, Lee’s forecast is still a cut of about 20% on the previous price target, estimated at $25,000.
Read in full https://insidebitcoins.com/news/fundstrats-tom-lee-cuts-bitcoin-price-target-by-20-to-over-20000/149718
Fundstrat Global Advisors’ price target for Bitcoin was updated to “over $20,000 by the end of the year”, according to Tom Lee, founder and head strategist of the equity research house. While bullish and predicting a turn of events within the next six months, Lee’s forecast is still a cut of about 20% on the previous price target, estimated at $25,000.
Read in full https://insidebitcoins.com/news/fundstrats-tom-lee-cuts-bitcoin-price-target-by-20-to-over-20000/149718
June 13, 2018, 03:02:08 AM
People have been predicting to experience the price increase by the end of the year or by the later part of the upcoming year. Some has come up with the predictions that the next ath can be experienced only after the next halving which is scheduled to happen by the later part of the year 2020. In this regard we're unable to make a big decision on bitcoin and other cryptocurrencies for the years benefiting.
June 13, 2018, 02:55:49 AM
history suggests that these types of predictions that are made at the peak of the enthusiasm in the market would never happen.
for those who love comparing this to 2013:
back when it was rising to $1200 and things were crazy there were similar "perma bulls" calling for $10k in a short time span.
the similarity between today and 2013 stops there though...
for those who love comparing this to 2013
:back when it was rising to $1200 and things were crazy there were similar "perma bulls" calling for $10k in a short time span.
the similarity between today and 2013 stops there though...
June 12, 2018, 09:49:13 PM
the funny thing is, technically the bear market that you are talking about didn't last that long either
it was one of the long ones but technically it was only 1 year or 13 months. it started from the ATH on 2013-12 and ended with the bottom at 2015-1. from that date price was rising normally and in less than 6 months it grew 100% from $150 bottom to $300 on 2015-6 and to $500 before the year ended. by the end of 2 years (which you are claim to be the bear market) price had grown more than 630% to $1100+
and the funnier part is that the previous bubbles which ended with similar bear markets were a lot shorter than this one. the 2014 bear market was long only because we lost the biggest exchange in history of bitcoin: Mt Gox which controlled 85% of the volume. if they didn't scam us then the bear market might have ended after 3-6 months like the previous ones.
You're right in saying that, I didn't mean to write in such a way as to suggest that the price was falling for 3 or so years, but that there was that long between the ATHs. If we were to follow closely to 2014 it would suggest a price of around $3000 before a bottom is reached which is still quite a significant decrease from where we are now. As you mentioned 2014 was a unique set of circumstances with Mt. Gox and that's why I can't see that it would be the same this time around. The 6k bottom has stayed strong on 2 previous occasions so let's see what happens this time around. We are now moving towards a 6 month bear market so that could suggest a reversal is near but there's always great risk in reading too much in to what happened in the past.
June 12, 2018, 07:48:42 PM
Good old perma-bulls... 
June 12, 2018, 07:15:01 PM
I am quite sure these type of investors love to talk about long term expectations and they won't change their arguments in 1 week down trends.. So bitcoin may go elsewhere, anywhere; above 20000 will happen possibly right before next halving..
Yes, investors like Tom Lee, Tim Draper, and Max Keiser are all long-term investors, a small dip in the price is nothing. the price tomorrow doesn't matter, its the price in a few years is what matters. As for the block halving, I don't think Bitcoin will reach an ATH before it happens. It is likely to happen 6-12 months after the Halving as the market reacts to the half as many BTC that miners put up for sale. Historically this has been the case for the prior halvings.
June 12, 2018, 05:38:29 PM
I am quite sure these type of investors love to talk about long term expectations and they won't change their arguments in 1 week down trends.. So bitcoin may go elsewhere, anywhere; above 20000 will happen possibly right before next halving..
June 12, 2018, 08:21:10 AM
An ATH high this year really seems out of the question now to my mind. In any market confidence always evaporates much more quickly than it returns and so any recovery is likely to take a lot longer than the 4 months or so that we've had of negativity. Even if the recovery started as of today I don't see the price returning to $20k until the earliest of mid 2019.
This year shouldn't be different than any other bubble. I do expect Bitcoin to go through a long bear market, similar to 2014 and beyond. However, a new variable is at play this time around. A significant amount of new people have purchased and now own BTC, and nearly everyone knows about it. I seriously am curious what the effects of this will be in the long term.
I do fear that this overexposure and quick run up may force us into having a long-term bearish market, again, like the 2014 one. An ATH by the end of the year is overly optimistic, IMO. What I I'm thinking is we will hit a new ATH 6 months to 1 year after the halvening.
The next halving isn't for around 2 years which if the ATH comes 6 months to 1 year after that would be 3-3.5 years between ATHs. It seems like a stretch that the bear market will go this long that time around given what you said about the market being different this time around because of the new money and interest in to bitcoin. In 2014 the bear market went 3 years also, I'd be surprised if it's more than 2 years this time around between ATHs but I could easily be proven wrong.
the funny thing is, technically the bear market that you are talking about didn't last that long either
it was one of the long ones but technically it was only 1 year or 13 months. it started from the ATH on 2013-12 and ended with the bottom at 2015-1. from that date price was rising normally and in less than 6 months it grew 100% from $150 bottom to $300 on 2015-6 and to $500 before the year ended. by the end of 2 years (which you are claim to be the bear market) price had grown more than 630% to $1100+
and the funnier part is that the previous bubbles which ended with similar bear markets were a lot shorter than this one. the 2014 bear market was long only because we lost the biggest exchange in history of bitcoin: Mt Gox which controlled 85% of the volume. if they didn't scam us then the bear market might have ended after 3-6 months like the previous ones.
June 11, 2018, 09:17:34 PM
An ATH high this year really seems out of the question now to my mind. In any market confidence always evaporates much more quickly than it returns and so any recovery is likely to take a lot longer than the 4 months or so that we've had of negativity. Even if the recovery started as of today I don't see the price returning to $20k until the earliest of mid 2019.
This year shouldn't be different than any other bubble. I do expect Bitcoin to go through a long bear market, similar to 2014 and beyond. However, a new variable is at play this time around. A significant amount of new people have purchased and now own BTC, and nearly everyone knows about it. I seriously am curious what the effects of this will be in the long term.
I do fear that this overexposure and quick run up may force us into having a long-term bearish market, again, like the 2014 one. An ATH by the end of the year is overly optimistic, IMO. What I I'm thinking is we will hit a new ATH 6 months to 1 year after the halvening.
The next halving isn't for around 2 years which if the ATH comes 6 months to 1 year after that would be 3-3.5 years between ATHs. It seems like a stretch that the bear market will go this long that time around given what you said about the market being different this time around because of the new money and interest in to bitcoin. In 2014 the bear market went 3 years also, I'd be surprised if it's more than 2 years this time around between ATHs but I could easily be proven wrong.
June 11, 2018, 12:56:03 AM
I think Tom Lee is the reason why bitcoin won't go up. Everytime he shows up and makes predictions, it affect the whole market in a negative way. His predictions does the opposite. I'm now worried on the year-end price of btc because of his predictions.
I got it! He is the real life Kwukduck! Hahaha! But what he does in his real life, and its effect on the price of Bitcoin is the opposite of what he does in the forum.
June 10, 2018, 11:38:44 PM
does he still stand upright with his prediction?
currently the bitcoin price plummets below $ 7k. I salute with his stance, but reality says another.
currently the bitcoin price plummets below $ 7k. I salute with his stance, but reality says another.
June 10, 2018, 11:28:52 PM
An ATH high this year really seems out of the question now to my mind. In any market confidence always evaporates much more quickly than it returns and so any recovery is likely to take a lot longer than the 4 months or so that we've had of negativity. Even if the recovery started as of today I don't see the price returning to $20k until the earliest of mid 2019.
This year shouldn't be different than any other bubble. I do expect Bitcoin to go through a long bear market, similar to 2014 and beyond. However, a new variable is at play this time around. A significant amount of new people have purchased and now own BTC, and nearly everyone knows about it. I seriously am curious what the effects of this will be in the long term.
I do fear that this overexposure and quick run up may force us into having a long-term bearish market, again, like the 2014 one. An ATH by the end of the year is overly optimistic, IMO. What I I'm thinking is we will hit a new ATH 6 months to 1 year after the halvening.
June 10, 2018, 11:15:53 PM
An ATH high this year really seems out of the question now to my mind. In any market confidence always evaporates much more quickly than it returns and so any recovery is likely to take a lot longer than the 4 months or so that we've had of negativity. Even if the recovery started as of today I don't see the price returning to $20k until the earliest of mid 2019.
June 10, 2018, 09:26:15 PM
I think Tom Lee is the reason why bitcoin won't go up. Everytime he shows up and makes predictions, it affect the whole market in a negative way. His predictions does the opposite. I'm now worried on the year-end price of btc because of his predictions.
June 10, 2018, 08:31:44 PM
It appears that no one in the subforum is happy in any prediction anymore hehehe. If I post a bearish article, someone would say that I am spreading doom. If I post a bullish article, someone would say that it will not happen.
In any case, those stupid, bearish analysts from Wall Street who do not know anything about the cryptospace were correct.
In any case, those stupid, bearish analysts from Wall Street who do not know anything about the cryptospace were correct.
May 25, 2018, 07:55:41 AM
Whatever Tom Lee has to say, I take it with a grain of salt.
$25k is some stretch to be honest! And as far as I know Tom was correct once or twice regarding Bitcoin and crypto. All of his other predictions got proved wrong. So his track record isn't the best.
I like to stay more realistic, although I'm very bullish long term. But for this year I can not see another ATH happen in BTC.
And that's ok. Middle to end of 2019 will be the preparation for the 2020 halvening. Time is running so fast. Hold hard and just be patient. Buy BTC whenever you can. See the actual market situation as a gift and accumulate!
$25k is some stretch to be honest! And as far as I know Tom was correct once or twice regarding Bitcoin and crypto. All of his other predictions got proved wrong. So his track record isn't the best.
I like to stay more realistic, although I'm very bullish long term. But for this year I can not see another ATH happen in BTC.
And that's ok. Middle to end of 2019 will be the preparation for the 2020 halvening. Time is running so fast. Hold hard and just be patient. Buy BTC whenever you can. See the actual market situation as a gift and accumulate!
May 25, 2018, 06:17:48 AM
and now it is stuck in $7k range with not much money coming in anymore to buy it up. this smells like manipulation to me.
Money is coming in, but it's not buying up the market in a craze pace, and it shouldn't be doing so without anything justifying that. If the group responsible for bumping the market up and down isn't doing anything, the market crawls back up slowly, that's clearly visible. These whales however don't see any point in letting the market go up slowly because they like the taste of money with their high leverage short-long trades.
It's Bitcoin's unregulated nature allowing these whales to do this, but once institutions bring in the much needed liquidity, these whales will be massively outclassed and won't be able to do shit anymore. There is always whale above whale. Current whales exploit the extremely thin market and the overall downish sentiment. It won't last for ever. Bitcoin cycles through these phases quickly and we are nearly there.
May 25, 2018, 05:57:11 AM
I wouldn't really take a single man's analysis and predictions too seriously and I'd still seek for any unbiased analysis. Die-hard bulls often tend to get too biased on their predictions and they forget to become realistic and consider the current market conditions. Also, for all we know, this guy could just be masking up the overall market sentiment and urges people to buy more so that he/they can sell on the poor people. There's too many reasons on ignoring the fact that the bearish sentiment is stronger than the bulls' and staying bullish despite the overall crash with no signs of rebounds any time soon.
May 25, 2018, 02:17:48 AM
nah, it is no longer "typical crypto volatility" as he puts it. it is much bigger than that. we have seen price staying strongly above $8.5k-$9k levels and even have the tendency to break $10k and the market was perfectly ready for it too. and any failure would have meant a temporary drop down to support level before going back up again.
but as we see price dropped and then followed down more. and now it is stuck in $7k range with not much money coming in anymore to buy it up. this smells like manipulation to me. and because of that any rise to ATH and beyond has to wait until either manipulation ends or price reaches a bottom where everyone else sees as a good chance to buy bitcoin and they can no longer fight the buying power and price reverses up.
but as we see price dropped and then followed down more. and now it is stuck in $7k range with not much money coming in anymore to buy it up. this smells like manipulation to me. and because of that any rise to ATH and beyond has to wait until either manipulation ends or price reaches a bottom where everyone else sees as a good chance to buy bitcoin and they can no longer fight the buying power and price reverses up.
May 25, 2018, 01:21:10 AM
If there's a pattern of crashes anytime Tom Lee makes a prediction, then would that not be a good signal to buy the dip? 
Plus OP, that's not the right picture of Tom Lee. That looks like an Asian trader who lost his shirt in Bitcoin. Hahaha.
Plus OP, that's not the right picture of Tom Lee. That looks like an Asian trader who lost his shirt in Bitcoin. Hahaha.
May 25, 2018, 12:09:03 AM
I reckon this is the news that the bulls want hear. Tom Lee of Fundstrat is still standing by on his prediction that bitcoin will reach $25,000 this year, an all time high.
Any bulls relying on a prediction from Tom Lee are fools!
He stood by it when bitcoin plunged below $10,000, and he did it again when it went below $9,000 and now again below $8,000. But how long will this man stand by it?
Everything Tom Lee attaches his name to turns to shit. He couldn't predict the reliable rise of the sun tomorrow, let alone the goings of bitcoin! Every prediction he makes is WRONG!
May 25, 2018, 12:03:46 AM
Quote
This is just like the internet stock analysts back in the day, where they made their name by predicting outrageous valuations for ill-conceived businesses that never stood a chance of making a profit. Henry Blodget and others come to mind. It's much the same with this guy. Never heard of him, and the only reason I'm hearing of him now is that he's predicting a bitcoin price that's much higher than where bitcoin currently is--though it's a price that's not too far from that which has already been achieved.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
Exactly.
It simply makes no sense to be bullish on bitcoin without any consideration of the actual price of bitcoin or its trends. This guy is literally only known because of his predictions on bitcoin price, which is really without any sort of basis.
All of his predictions are bullish, it's just a question of how bullish. His predictions actually become "predictable" after a while. These predictions come out all the time, Tom Lee just happens to be one of the more well known guys and that's why his articles are getting media coverage.
I'm not saying that $25k isn't possible by the end of the year. It's possible, but unlikely.
He might be like one of those altcoin bagholders who bought on the top only to see the price collapse. They then start shilling their coins with much vigor almost sounding like scammers hehehe.
Well i think 25k is even a bit more reachable than other predictions that places in the price above 30k by the end of the year. Or 1million in 2 years. I'd say i agree with you guys that it's very unlikely these predictions will be met in the time these guys predicted though we've seen how a little fomo can boost the price quite high in little time last december. So i'm just keepig my fingers crossed here.
May 24, 2018, 08:25:30 PM
Quote
This is just like the internet stock analysts back in the day, where they made their name by predicting outrageous valuations for ill-conceived businesses that never stood a chance of making a profit. Henry Blodget and others come to mind. It's much the same with this guy. Never heard of him, and the only reason I'm hearing of him now is that he's predicting a bitcoin price that's much higher than where bitcoin currently is--though it's a price that's not too far from that which has already been achieved.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
Exactly.
It simply makes no sense to be bullish on bitcoin without any consideration of the actual price of bitcoin or its trends. This guy is literally only known because of his predictions on bitcoin price, which is really without any sort of basis.
All of his predictions are bullish, it's just a question of how bullish. His predictions actually become "predictable" after a while. These predictions come out all the time, Tom Lee just happens to be one of the more well known guys and that's why his articles are getting media coverage.
I'm not saying that $25k isn't possible by the end of the year. It's possible, but unlikely.
He might be like one of those altcoin bagholders who bought on the top only to see the price collapse. They then start shilling their coins with much vigor almost sounding like scammers hehehe.
May 24, 2018, 05:39:12 PM
he was making a joke, this is the umpteenth time I heard him make a prediction.
he will stop after people no longer care about the predictions he makes.
he will stop after people no longer care about the predictions he makes.
Quote
This is just like the internet stock analysts back in the day, where they made their name by predicting outrageous valuations for ill-conceived businesses that never stood a chance of making a profit. Henry Blodget and others come to mind. It's much the same with this guy. Never heard of him, and the only reason I'm hearing of him now is that he's predicting a bitcoin price that's much higher than where bitcoin currently is--though it's a price that's not too far from that which has already been achieved.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
Exactly.
It simply makes no sense to be bullish on bitcoin without any consideration of the actual price of bitcoin or its trends. This guy is literally only known because of his predictions on bitcoin price, which is really without any sort of basis.
All of his predictions are bullish, it's just a question of how bullish. His predictions actually become "predictable" after a while. These predictions come out all the time, Tom Lee just happens to be one of the more well known guys and that's why his articles are getting media coverage.
I'm not saying that $25k isn't possible by the end of the year. It's possible, but unlikely.
I do not think he really does speculate when his predictions are far from reality. He only makes predictions based on his supportiveness of bitcoin.
Maybe in the near future he will be considered by investors as entertainer when bitcoin prices are down.
Maybe in the near future he will be considered by investors as entertainer when bitcoin prices are down.
But how long will this man stand by it?
He'll stand by it until time either proves him right or wrong, OR until people stop listening to him.This is just like the internet stock analysts back in the day, where they made their name by predicting outrageous valuations for ill-conceived businesses that never stood a chance of making a profit. Henry Blodget and others come to mind. It's much the same with this guy. Never heard of him, and the only reason I'm hearing of him now is that he's predicting a bitcoin price that's much higher than where bitcoin currently is--though it's a price that's not too far from that which has already been achieved.
This particular prediction is meh to me. Anyone can say anything, and if this guy can say with a straight face why exactly bitcoin is going to reach $25k, it just means he should be playing poker for a living.
Tom Lee's predictions never happen,so let`s hope that the price will reach 20K or 30K USD,I'm sure that it won't reach 25K USD.This guy just wants to stabilize the btc price and stop the bearish trend,by using his popularity and influence and spreading optimism acorss the crypto community.He is an "enemy" of the FUDsters.
At least he is better than our dear McAfee with all his bullshit $1m theories within few years, lol. He is on the bull’s side or probably faking it, who knows ? I know for sure, when it is time, we will definitely get to know. He never said bitcoin will be soaring to $25,000 immediately but he said this year and we cannot say he is wrong yet until this year ends.I guess he played that part well, knowing that there is a possibility of having a few rally before the end of the year towards the previous ATH and maybe breaking it towards $25k but time obviously will tell.
Tom Lee's predictions never happen,so let`s hope that the price will reach 20K or 30K USD,I'm sure that it won't reach 25K USD.This guy just wants to stabilize the btc price and stop the bearish trend,by using his popularity and influence and spreading optimism acorss the crypto community.He is an "enemy" of the FUDsters.
He has made a lot of predictions as stated in the above post and sooner or later, one of his predictions will come true. Let's just hope that this kind of predictions although it may seem a far cry, will motivate weak-handed people to never let go of their fair share of bitcoin as it will only contribute to the dip that is currently happening in the market. 
he made many price prediction:
Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End
Wall Street Strategist Tom Lee Still ‘Confident’ Bitcoin Price Will Reach $25K In 2018
Wall Street Bitcoin Bull Tom Lee Predicts “Massive Outflow” Of Crypto Before Tax Day
Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips
Fundstrat’s Tom Lee Reports Bitcoin Mining Now Less Profitable Due To Falling BTC Prices
Fundstrat’s Tom Lee Stays Bullish On BTC Price, Sees Major Firms Joining Crypto Sphere
Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End
Wall Street Strategist Tom Lee Still ‘Confident’ Bitcoin Price Will Reach $25K In 2018
Wall Street Bitcoin Bull Tom Lee Predicts “Massive Outflow” Of Crypto Before Tax Day
Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips
Fundstrat’s Tom Lee Reports Bitcoin Mining Now Less Profitable Due To Falling BTC Prices
Fundstrat’s Tom Lee Stays Bullish On BTC Price, Sees Major Firms Joining Crypto Sphere
Tom Lee's predictions never happen,so let`s hope that the price will reach 20K or 30K USD,I'm sure that it won't reach 25K USD.This guy just wants to stabilize the btc price and stop the bearish trend,by using his popularity and influence and spreading optimism acorss the crypto community.He is an "enemy" of the FUDsters.
I reckon this is the news that the bulls want hear.
only drama queens love hearing news that supports their views (bulls or bears). real bulls want action, they want to see the bull run itself
Fundstrat's Tom Lee is standing his ground on bitcoin soaring to $25,000.
as much as i want him to be correct but i no longer see an ATH this year. specially if $7k stays or even if it goes any lower than this. the problem with drops like this is that the lower it goes and as it stays on a downtrend for a long time the more time it will take to recover from it afterwards. the trend won't just reverse overnight and the money is not going to come back in suddenly.
I reckon this is the news that the bulls want hear. Tom Lee of Fundstrat is still standing by on his prediction that bitcoin will reach $25,000 this year, an all time high. Also know that this is another declaration by the analyst, after already saying it the other day.
He stood by it when bitcoin plunged below $10,000, and he did it again when it went below $9,000 and now again below $8,000. But how long will this man stand by it?
Fundstrat's Tom Lee is standing his ground on bitcoin soaring to $25,000.
On Wednesday, the cryptocurrency plunged below $8,000 and traded at around $7,500, essentially giving up most of the gains bitcoin had managed to make from mid-April to early May after hitting 2018 lows.
But not only does Lee believe Wednesday's drop is solely due to "typical crypto volatility,"
And finally, data compiled by Fundstrat show a historical trend that has Lee encouraging investors to hold onto bitcoin.
"Historically, 10 days comprise all the performance in any single year of bitcoin's price," he said. "If you just took out those 10 days, bitcoin's down 25 percent a year."
"So as miserable as it feels holding bitcoin at $8,000, the move from $8,000 to $25,000 will happen in a handful of days," he added.
Read in full https://www.cnbc.com/2018/05/23/as-bitcoin-plunges-mega-bull-tom-lee-stands-by-his-25000-target.html
He stood by it when bitcoin plunged below $10,000, and he did it again when it went below $9,000 and now again below $8,000. But how long will this man stand by it?
Fundstrat's Tom Lee is standing his ground on bitcoin soaring to $25,000.
On Wednesday, the cryptocurrency plunged below $8,000 and traded at around $7,500, essentially giving up most of the gains bitcoin had managed to make from mid-April to early May after hitting 2018 lows.
But not only does Lee believe Wednesday's drop is solely due to "typical crypto volatility,"
And finally, data compiled by Fundstrat show a historical trend that has Lee encouraging investors to hold onto bitcoin.
"Historically, 10 days comprise all the performance in any single year of bitcoin's price," he said. "If you just took out those 10 days, bitcoin's down 25 percent a year."
"So as miserable as it feels holding bitcoin at $8,000, the move from $8,000 to $25,000 will happen in a handful of days," he added.
Read in full https://www.cnbc.com/2018/05/23/as-bitcoin-plunges-mega-bull-tom-lee-stands-by-his-25000-target.html
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