Well, if he is shorting bitcoin derivatives then obviously he is going to say bad things about bitcoin. In hopes of driving bitcoin prices down and making a profit for himself. This should be obvious to anyone with the most remote knowledge of bitcoin.
Same with the guy who is saying $25k bitcoin is round the corner. He has stakes in btc himself, probably. Thing is make your decisions yourself, don't let others make them for you or let them influence you easily.
Personally right now BTC isn't the best buy there could be. The entry point is a bit too high, though it does have potential to go to $7k or even $8-10k this year.
Topic: Bitcoin throwdown: Analysts spar on whether the cryptocurrency is a good deal or (Read 264 times)
October 26, 2017, 04:11:21 AM
October 26, 2017, 04:07:12 AM
Have they ever made correct predictions in the past? If not, you may as well look at some random prediction post here haha.
October 26, 2017, 03:20:47 AM
People like Tom Lee are just going to set higher and higher arbitrary targets for the BTC price. As soon as one target is reached, these bulls will just set it higher.
Since we're deep into a bull market, some investors will use the logic that they got the prediction right last time, so they assume that the bullish trend must continue, which pushes the price unnecessarily higher and higher until it just can't go any further and then they will be really disappointed.
Meanwhile, people like Andrew Left will just keep saying Bitcoin will fall until it inevitably does, and then they'll feel like they're great even though they've been wrongly saying that for years and they just got lucky.
So I'd say it's not worth paying attention to either of them.
Since we're deep into a bull market, some investors will use the logic that they got the prediction right last time, so they assume that the bullish trend must continue, which pushes the price unnecessarily higher and higher until it just can't go any further and then they will be really disappointed.
Meanwhile, people like Andrew Left will just keep saying Bitcoin will fall until it inevitably does, and then they'll feel like they're great even though they've been wrongly saying that for years and they just got lucky.
So I'd say it's not worth paying attention to either of them.
October 26, 2017, 03:09:12 AM
I never believe in these anlysts. Bitcoin community is not their business and they never make a good prediction about crypto markets.
We are different then real life economy structure. They will never understand this one. Bitcoin is freedom and money is capitalism.
We are different then real life economy structure. They will never understand this one. Bitcoin is freedom and money is capitalism.
October 25, 2017, 08:52:25 PM
Andrew Left is an indigent life form lower than pond scum. He makes Jordan Belfort look like a saint sent from the heavens.
October 25, 2017, 08:45:33 PM
https://www.cnbc.com/2017/10/25/analysts-spar-on-whether-bitcioin-is-a-good-deal-or-too-risky.html
Quote
- Andrew Left, a noted bitcoin short seller, squared off with Tom Lee, a noted bitcoin enthusiast, Wednesday on CNBC.
- Left has said he is short Bitcoin Investment Trust, while Lee has told investors bitcoin could go to $25,000 or higher from its current $5,500 level.
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