Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee

bbc.reporter

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Quote from: Bloomie on January 10, 2018, 08:43:47 PM

Not necessarily to dump. They might be trying to get it back on the push towards the next big ATH, and combating FUD news with voicing support for it is a good way to do that.

Would you consider South Korea's new ban on bitcoin and other cryptocoins as FUD news? Some say they do, but I reckon it is putting their heads under the sand.

If a fund manager is telling us that bitcoin could easily double in 2018 in the middle of bad events, we should see that as a warning sign that they are hyping.

Daveeoff

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With all the money coming in crypto of course its gonna AT LEAST double. Still I prefer altcoins as theres potential for bigger gainz there.

last7minutes

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In order for Bitcoin to grow 2 times, you need to invest in it a very large amount of money. Such forecasts attract investors and can really contribute to such rapid growth. I will be scared to present the commission after increasing bitcoin 2 times.

alisafidel58

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Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.

Theres really no certainty over bitcoin and other crypto currency over the past years, if you believe that in the past theres certainty then is called volatility.

Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Tom Lee is like a drowning man trying to call the attention of an ocean liner. Is he a good swimmer hehehe?

At least Tom Lee is very optimistic about bitcoin and its future and what can you call Warren Buffett?

Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

We think that by mid-2018

We still have a long way to got before we reach mid 2018 and were not even close to the end of the first quarter, basically what Tom Lee predicted might come true, so better stick around or leave and join another boat that you believe in.

Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

I think in the second half of 2018, we'll see a move bigger than that," Lee said. "So I think bitcoin is still something you should own

What Tom Lee predicted was for the whole year of 2018 and not just the month of january, were just barely entering the 3rd week of january and fudders never seem to stop at doing what they do best.

boyptc

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Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.

I know what you feel about it man but that's how the bullish market goes. 2017 is one of the best years that it all started out that impossible predictions happened and for this year while it's still early we can assume that it wasn't going to happen and it's too much prediction but that's possible and if that never happened for sure bitcoin will still increase x1, x2, x3 name it.

ethereumhunter

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Quote from: bbc.reporter on January 10, 2018, 08:38:19 PM

@All. But when someone from the mainstream starts telling us that they are bullish, it really means they are trying to sell and dump on the greater fools in the market. That has been an old tactic used by whales, and it always works because people always follow what they say.

I think not all people will follow what they say because I am sure that there are many people will have different though and they will make their own move. they don't care about other people said especially if that person only want to take the benefits of the situations. they better to studied and learn from the situations and if they think that they need to make a move then they will move but if it's not, then they will not make any act and will be silent.

lablab03

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Its possible to " easy double" on this year although there are still bitcoin holders nowadays, unless if they burn that fake news about bitcoin circumstances which is false prediction and testimonials cause if that false continue to spread. the bitcoin price will fall dip more than our thoughts, and all of btc holder will leave us and go to the altcoin or ripple.

Ayiranorea

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Quote from: weav on January 10, 2018, 08:46:54 PM

It sounds more easy than it is i think. To see such a significant rise this also means the marketcap has to double from what it is now. It is still possible i think but there is gonna be a time when people are gonna see that there are much better options available.

Same as the prediction of the Op we've got the possibility to reach such an increased price. It's all about the trust and the common peoples participation into cryptocurrency use. In particular if few countries authorized bitcoin similar to that Japan did last year will suddenly pump the price high.

weav

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It sounds more easy than it is i think. To see such a significant rise this also means the marketcap has to double from what it is now. It is still possible i think but there is gonna be a time when people are gonna see that there are much better options available.

Bloomie

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Not necessarily to dump. They might be trying to get it back on the push towards the next big ATH, and combating FUD news with voicing support for it is a good way to do that.

bbc.reporter

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@All. But when someone from the mainstream starts telling us that they are bullish, it really means they are trying to sell and dump on the greater fools in the market. That has been an old tactic used by whales, and it always works because people always follow what they say.

xuan87

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I like that some big guy still support Bitcoin as we know most of the investors shift to other alt because its more profitable and causing Bitcoin losing investors, so the double up price in this year will be a good achievement, but with developer fixing the transaction fee I can feel that we can double up the price easily

CryptoBry

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Quote from: Kemarit on January 09, 2018, 08:14:17 PM

I really love to see those bullish investors market analyst and predict the potential price of bitcoin. Of course we are always in times of uncertainty, that's how the market was build around, on pure speculation. However, I don't know if the we can still capture the gold investors market. What we need is new set of investors not just from gold but as well from stocks investors who are willing to shift and pour cash to push the price of bitcoin to levels we have seen around early December 2017. Its been a bumpy road ever since, though it jump to $17,000 earlier last week and I though that its gonna enter another price rally, it didn't happen as corrections and bearish sentiment started to conquer us again. But I believed that $20,000 is achievable, it may be a slow process to get to it, but it can be done this year.

I agree. Bitcoin has been there on that territory and it will love to be once again back but as to when it can happen that is something hard to project as the overall sentiment is really bearish. We need more excitement in the Bitcoin front line something which is lacking for now. In my estimate we are still having some holiday hang-over and once we can get back into the real action in February then there is a big possibility that Bitcoin will once again be surging. Bitcoin remains to be the leader in the world of cryptocurrency.

posoa

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It is an expected and hopeful idea that it will even increase more than double this year. The tremendous increase last year is just a pace starter into how blossom the cryptocurrency will be in 2018. The real increase will come as a surprise to those who are thinking otherwise, with many people getting to know more about Bitcoin and as well keying into it by investing in Bitcoin, is an indicator that better days are ahead of all Bitcoin holders for good.

YuginKadoya

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It could get many newbies to invest in bitcoin now after seeing an influencer talking a double bitcoin rise, But it can simply be a prediction we can never say but as per bitcoin price now it attains a real progress and it can sure happen, I have seen some predictions like this happen not entirely the exact price and an exact year or date but a near insight over the value it can get up in that year and it has a pictograph on the future movement on the value of bitcoin that is why predictions like this can have an impact to some in the community.

BrewMaster

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There is trouble abrewing

we are surely to have a very bumpy road ahead of us before we can see any kind of rise (double or otherwise).

and at this point from what i have seen in the past week, i think the short term future of bitcoin price is going to be tightly affected by news. if a real and major news comes out regarding bitcoin it can cause the rise (if positive) or fall (if negative) of bitcoin in short term.
but it needs to be a real big news to be able to get bitcoin out of this ditch.

BurgerCash

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I mean it doubled 4 times last year, what's one measly doubling Grin

Competition is fiercer than ever though, last I was involved with BTC (2014) all alts were total trash. Nowadays there's actual quality to be seen

arpon11

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Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.

Tom Lee is like a drowning man trying to call the attention of an ocean liner. Is he a good swimmer hehehe?

On a near-term basis, Lee expects bitcoin to reclaim its December high. "We think that by mid-2018, we're going to be part of the way there, and that's why we get [bitcoin to $20,000]," he said. "If [bitcoin] can actually rise close to [that $20,000 level] in the first half of this year, I think in the second half of 2018, we'll see a move bigger than that," Lee said. "So I think bitcoin is still something you should own [all year]."

Read the full article https://www.cnbc.com/2018/01/09/bitcoin-could-easily-double-in-2018-says-fundstrats-tom-lee.html

I even expect this to happen by this first quarter of this year Bitcoin did very well last quarter of last year and the $20,000 high we have last month. If bitcoin will double it high in December we will be looking at $40,000 by the middle of this year. Bitcoin is definitely going to make a high significant progress by this time next week base of the positive fundamentals issues that are coming from the cryptocurrencies market. We are to take this advantage and buy cheap now.

akram143

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Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.

Tom Lee is like a drowning man trying to call the attention of an ocean liner. Is he a good swimmer hehehe?

On a near-term basis, Lee expects bitcoin to reclaim its December high. "We think that by mid-2018, we're going to be part of the way there, and that's why we get [bitcoin to $20,000]," he said. "If [bitcoin] can actually rise close to [that $20,000 level] in the first half of this year, I think in the second half of 2018, we'll see a move bigger than that," Lee said. "So I think bitcoin is still something you should own [all year]."

Read the full article https://www.cnbc.com/2018/01/09/bitcoin-could-easily-double-in-2018-says-fundstrats-tom-lee.html

Bitcoin price was almost multiplied by 20 times in the year 2017,so it looks possible to double in one year.But the current situation of bitcoin made more worse the price of falling down everyday and all the altcoins are popping up.But I still hope bitcoin will make a come back soon so let's wait and see.

haroldtee

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Quote from: TERA2 on January 09, 2018, 07:49:34 PM

If all it's going to do is double, then it's nor worth the risk. I want my bitcoin rallies to be at least 500%.

Bitcoin had about 2275% increase last year and everyone called it a bubble and now,Tom Lee thought there is a possibility of it doubling and then it is not worth the risk. I can see why alts are rallying pretty hard now.

Quote from: bbc.reporter on January 09, 2018, 07:46:11 PM

Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.

Is there anything to believe anymore? If we want to judge based on last year, doubling is even little compared to what we had. There is a lot in bitcoin's protocol that may change this year and which may positively affect the market movement and bears cannot be here forever as bulls will also want to have a little chance. The same way we have naysayers who derive pleasure in spreading FUD, is also the same way we will have those who are bullish and they all serve a purpose. I would not be surprised the impact the Lightening network may have on bitcoin, but I have just learned to keep my fingers crossed in this market.

Topic: Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee (Read 309 times)