Topic: Fundstrat price predictions wrong again! - page 2. (Read 330 times)
Not surprising, especially coming from Tom Lee and Fundstrat. I've said it before, Tom Lee and his crew release those kind of bullish statements every now and then to keep their clients happy and to get people into FOMO mode because of X or Y reason, this time they did it before an event that ended up being nothing more than a networking conference instead of an actual event that matters to the cryptocurrency world. So yeah, once again the Wall Street experts failed at predicting the market movements, nothing new.
Price of BTC is always depending on bad/good news, nothing new in that - but this time that did not work. Personally, I did not expect nothing spectacular regarding price, and by what Lee is saying after his prediction is go wrong, that main reason for that is : "Lee said the crypto industry still needs more clarity from regulators like the U.S. Securities and Exchange Commission, as well as increased adoption by traditional companies."
So there is nothing new he say and we do not know, his prediction was based on growth in attendance, new interest and media. It is not so easy to move market up these days, even with a such big crypto event. I think it is not good to look serious at such speculations, especially on those short-terms.
https://www.bloomberg.com/news/articles/2018-05-18/crypto-bull-tom-lee-owns-up-after-bitcoin-prediction-goes-awry
So there is nothing new he say and we do not know, his prediction was based on growth in attendance, new interest and media. It is not so easy to move market up these days, even with a such big crypto event. I think it is not good to look serious at such speculations, especially on those short-terms.
https://www.bloomberg.com/news/articles/2018-05-18/crypto-bull-tom-lee-owns-up-after-bitcoin-prediction-goes-awry
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
It was an assumption that the price would rally during the consensus conference and i really hoped to see a small rally but the market went the opposite direction, there are many positives that happened, we will have an alternative to the shady tether and there wont be any negative intervention from the SEC in the development of the market, i am not bullish in the short term but i expect a good rally by the end of this year. The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
being wrong is not a new thing when it comes to speculating about bitcoin price in near future. being unreasonably wrong is another thing though and I wouldn't call this speculation an unreasonable one. it was actually a safe speculation saying that this consensus conference could possibly lead to a rally even a small one and he was not the only one with this speculation. it is not like he speculated bitcoin is going to $1 million because of it this or drop to $1000 like so many others are doing...
Some people think they have a crystal ball to foresee the future. They base their prediction on the basis of what they expect rather than what the actual facts are. Whether they were right once in the past, it doesn’t mean they will be in the future, especially when accurate timing is the point.
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Yeah, no cryptocurrency or even other comodity is predictable.The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Quote from: Fundstrat Global Advisors price prediction from May 7th
Quote from: Tom Lee making new excuses for his failed price prediction
So if you are buying and selling based on predictions go ask some gipsy fortuneteller
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Quote from: Fundstrat Global Advisors price prediction from May 7th
Quote from: Tom Lee making new excuses for his failed price prediction
Well Tom Lee is also just a human being and not some kind of a magician with a crystal ball who knows everything. So his prediction was wrong. I couldn't care less to be honest.
And where did his announcement from may 7th caused a run up?
We started dropping from 9950 already two days before his prediction. And after that the price decline continued. So Lee wasn't responsible for anything.
He was just wrong. That's it.
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Well, for me no matter how literate and experience you are in the cryptocurrency you can never trust fully any predictions coming from the experts you csn make references into it but you dont have to fully believe everything thay they tell will happen just because they call themselves experts. Actually nobody is an expert in the cryptocurrency world there are only pioneers and experienced people who have been in this industry since the beggining but even that is not a guarantee that they can predict what will happened in the future. So the best thing to do is just listen and learn and be wise in you crypto investments. The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Quote from: Fundstrat Global Advisors price prediction from May 7th
Quote from: Tom Lee making new excuses for his failed price prediction
why do you think everyone agrees that it is impossible to make an accurate prediction when it comes to bitcoin? it is not about rise or fall, you can never predict bitcoin. so when you say it will rise or when you say it will drop you are basically making a weak prediction and when it comes to this current market where things are stranger than any other time and not clear which way it will go, then the predictions become even less meaningful.
It is hard to be a raging bull in a market full of stubborn bears. Also Tom Lee might already have filled his wallet and his clients' wallets very full or on leverage hehehe.
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Quote from: Fundstrat Global Advisors price prediction from May 7th
Quote from: Tom Lee making new excuses for his failed price prediction
How can a conference boost the bitcoin price?I wasn`t even aware, that there`s going to be a Consensus conference.I guess that no important decisions were made about the crypto future,during that meeting.
Tom Lee should move to another job.He is a horrible investment advisor.
Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent.
Quote from: Fundstrat Global Advisors price prediction from May 7th
Quote from: Tom Lee making new excuses for his failed price prediction
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