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Topic: Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee - page 2. (Read 309 times)

legendary
Activity: 1526
Merit: 1179
The only nice thing about these predictions is that they are bullish of nature. Aside from that, they don't hold any value since no one in this market knows what's going to happen, and it has been like that the entire last year.

People have desperately tried to call tops and bottoms so far, but they all failed, and they will continue to fail. As pointed out by previous poster, I too have the impression that this is just an attempt to seek for attention.

Bitcoin needs lightning network to move up further significantly, or at least a higher SegWit adoption, and as long as that isn't happening, the network remains congested, and thus doesn't reflect higher values.
hero member
Activity: 658
Merit: 505
I actualy don't pay attention on such statements in media.
You can read and hear all sorts of predictions and analyisis but just few of them have some solid ground and seems like everyone is taking the right to say everything that is on his mind, no matter true or not, and then make confusion among usres.
I don't say that this one is uch case just that generaly I don't read predictions anymore, not good nor bad.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
I don't know why you think this is a "call for attention" thing. I see a somewhat reasonable speculation out of him. and it can easily happen.

we are currently in a period of time that needs to be like this.
currently the year has just started, traders have not come back completely out of their holiday to start trading bitcoin again and those that are here are focusing on the altcoin pumps to make more money.
all these can change in a short time where market dynamics switch to a big rally in bitcoin and by that time the FOMO buyers will also be back and they will create the next bitcoin bubble and by mid 2018 we will see the bubble correction and continue to rise afterwards.
legendary
Activity: 2702
Merit: 4002
all he says is thinking and most of like this Speculation is for news and Media only.
bitcoin have big problem fee which makes it limited in future.
price will stable in 1000$ for very long time and will rise only when fee back normally.
hero member
Activity: 1008
Merit: 505
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?

https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2015/11/04/103139009-20151102-2-1797.530x298.jpg

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

"If [bitcoin] gets 5 percent of the gold market, that's roughly $50,000," he added. That's a more than 200 percent move from where bitcoin is currently trading.

Problem is that people that own gold (or will buy some) come from the old world, see 5% of them invest in BTC is a little bit ironical.  Anyway so many new people come into crypto every day, we don't need of this 5% to see the BTC rubbed $50k by the end of the year.

Never underestimate bitcoin remain the golden rule.
newbie
Activity: 16
Merit: 0
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?

https://fm.c[Suspicious link removed]m/applications/c[Suspicious link removed]m/resources/img/editorial/2015/11/04/103139009-20151102-2-1797.530x298.jpg

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.c[Suspicious link removed]m/2018/01/09/bitcoin-could-easily-double-in-2018-says-fundstrats-tom-lee.html


Too many predictions and FUD about bitcoin. Some says it is bubble but I believe those who thinks that bitcoin could actually double its price this 2018. It is already proven. Though there are news about bitcoin that makes it drop I still believe that bitcoin will overcome and easily recover.
legendary
Activity: 3080
Merit: 1353
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.
legendary
Activity: 2380
Merit: 5213
The price rose about 8 times in the past year. So 2 times price rise is not something difficult to happen.
And now after the corrections in price that has been done, bitcoin is ready to rise in price.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
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%.
legendary
Activity: 3010
Merit: 1460
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
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