News update!
Tom Lee is back with his new bitcoin predictions for our enjoyment hehehe. Everyone will like what predicts! However, might this also imply that we might witness something similar to his famous prediction of 2019?
There is an interview in the source.
Bitcoin to more than triple next year?
@fundstrat's Tom Lee makes the case
Source https://twitter.com/CNBCFastMoney/status/1333898396118245377
Topic: Speculating with Tom Lee (Read 1773 times)
I always like positivity on bitcoin price and when ever I see Tom Lee predictions I am always motivated. Bitcoin may get to $20,000 in this 4qter and by January next year it might get above that. I believe that we just need to take more steps by buying more than selling at this time in other to make more gain when all this prediction turns reality.
This article was shared by Tom Lee on social media.
As long as bitcoin's ups and downs in price is very correlated to equities, I reckon that the contents of this article might also be appropriate to the bitcoin speculators.
The article also implies that Trump should win if you want a more bullish market hehehehe.
An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P’s 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.
Also of note is the change in the yearend rally. Prior to 1987, from the close of trading on the Friday after Thanksgiving to yearend, the S&P 500 rallied only 20 times in 35 years. As Thanksgiving bullishness lost steam in 1987, the rally afterwards occurred more frequently. Since 1987, S&P 500 has logged gains in 24 of 31 years from the close on Friday after Thanksgiving to yearend.
Source https://jeffhirsch.tumblr.com/post/630234708561821696/sp-500-october-gains-frequently-precede
As long as bitcoin's ups and downs in price is very correlated to equities, I reckon that the contents of this article might also be appropriate to the bitcoin speculators.
The article also implies that Trump should win if you want a more bullish market hehehehe.
An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P’s 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.
Also of note is the change in the yearend rally. Prior to 1987, from the close of trading on the Friday after Thanksgiving to yearend, the S&P 500 rallied only 20 times in 35 years. As Thanksgiving bullishness lost steam in 1987, the rally afterwards occurred more frequently. Since 1987, S&P 500 has logged gains in 24 of 31 years from the close on Friday after Thanksgiving to yearend.
Source https://jeffhirsch.tumblr.com/post/630234708561821696/sp-500-october-gains-frequently-precede
This is the skeptical me's translation of Tom Lee's statmement. Will everyone please stop dumping your shares to give myself and my clients more time to dump our shares hehehehe.
He also mentioned stocks are beginning to appear like cryptocharts. This might be Tom Lee's 2018 for stocks hehe.
Lee says that the degree of investor panic over the coronavirus is unwarranted, reports MarketWatch.
“Because of the idiosyncratic nature of a potential pandemic, it is really difficult to know when it is priced in.”
The analyst also forecasts that the stock market could bottom out and ignite a V-shaped reversal that would signal a sharp rally after the severe correction.
Source https://dailyhodl.com/2020/03/01/fundstrat-analyst-tom-lee-says-stocks-are-starting-to-look-like-crypto-with-3-18-trillion-wiped-out-in-five-days/
He also mentioned stocks are beginning to appear like cryptocharts. This might be Tom Lee's 2018 for stocks hehe.
Lee says that the degree of investor panic over the coronavirus is unwarranted, reports MarketWatch.
“Because of the idiosyncratic nature of a potential pandemic, it is really difficult to know when it is priced in.”
The analyst also forecasts that the stock market could bottom out and ignite a V-shaped reversal that would signal a sharp rally after the severe correction.
Source https://dailyhodl.com/2020/03/01/fundstrat-analyst-tom-lee-says-stocks-are-starting-to-look-like-crypto-with-3-18-trillion-wiped-out-in-five-days/
Has Tom Lee every speculated what would happen if Craig Wright actually was part of the Tulip Trust and get the private keys to the 'supposed' billions in BTC development coins?
No, however, I am certain that he will be very bullish hhehehhee.
In any case, why do I have a feeling that he and his clients are selling again? He makes bullish predictions on CNBC, bitcoin is red.
Bitcoin bull Thomas Lee, head of research at Fundstrat Global Advisors, is predicting another good year for the world’s most dominant cryptocurrency.
Lee argues,
“This is bullish for Bitcoin. And then with geopolitical tensions in the Middle East, that’s good for crypto. So, there should be a lot of tailwinds. We’re getting a lot more interest in it as well from our clients.”
Read in full https://dailyhodl.com/2020/01/24/fundstrats-tom-lee-says-clients-showing-increasing-interest-in-bitcoin-btc-predict-big-year-for-leading-cyptocurrency/
Has Tom Lee every speculated what would happen if Craig Wright actually was part of the Tulip Trust and get the private keys to the 'supposed' billions in BTC development coins?
Just curious. I've never seen ANY BTC prophet or Crypto prophet on T.V. say anything about this very, very 1 in a million possibility. Though they often talk about BTC and end of the world,
in which case you should have some gold...is the 'snicker' point on air.
I was just wondering,
@pooya87. The past 11 years? Bitcoin was pumped by Mtgox allegedly to its all time highs of that time and it was dumped. 2017 saw another pump by allegedly Tether printer Bitfinex to another all time highs and it was dumped again.
there is a big difference between a bubble and a pump and dump. what i meant by the past 11 years was the overall price movement in comparison. bitcoin goes up in the end no matter what it does in the middle but altcoins go up then down back to where they started and even lower hence their pump and dump.
in a pump and dump, price goes up lets say from $10 to $20 but since it is "pump" it will come down to $10 and then continues going lower to $9->$8->...
in a bubble price goes up from $10 to $20 but since it is a "bubble" it pops and price comes down to $15 and after a while that the bear market ended it continues going back up $16->$17->$20->$25
it would look like this:
@pooya87. The past 11 years? Bitcoin was pumped by Mtgox allegedly to its all time highs of that time and it was dumped. 2017 saw another pump by allegedly Tether printer Bitfinex to another all time highs and it was dumped again.
@Febo. He does not want to make another wrong prediction anymore hehehe.
@Febo. He does not want to make another wrong prediction anymore hehehe.
In other words, we see strong probability that Bitcoin gains >100% in 2020.[/glow][/i]
Bitcoin Gold and Bitcoin Diamond and Bitcoin SV and DASH gained 100% in half day. Why would Bitcoin not in a year?
because apples and oranges!
first of all those are pumps not rises. and just like any pump they are always followed by a dump. what we have in bitcoin is a solid rise and if there is any drops it will only be corrections as it is evident from the past 11 years.
secondly every single day for the past decade that altcoin market existed we have been seeing a handful of shitcoins being pumped hard and then dumped harder. 100% is the smallest pump size of these shitcoins. and at the same time it had nothing to do with bitcoin and what it is going to do in the future.
In other words, we see strong probability that Bitcoin gains >100% in 2020.[/glow][/i]
Bitcoin Gold and Bitcoin Diamond and Bitcoin SV and DASH gained 100% in half day. Why would Bitcoin not in a year?
I reckon the Tom Lee contrarians might begin to convert into Tom Lee pumpers? This might be 1 or 2 of the very few times in history that he might make a correct prediction hehehe.
The founder of Fundstrat Tom Lee in an overview report regarding Bitcoin said that BTC has the potential to grow 100% in value by the end of 2020. Although the report has not been released, Lee believes the May halving event will play a major role in the growth.
Lee highlighting some sections of the soon to be released report said that the current Bitcoin price is not reflecting the value of the halving. Lee also shared an excerpt of the report, which said:
“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019.”
The report predicts:
In other words, we see strong probability that Bitcoin gains >100% in 2020.
Read in full https://www.fxstreet.com/cryptocurrencies/news/top-analyst-tom-lee-predicts-bitcoin-100-growth-in-2020-202001140807
The founder of Fundstrat Tom Lee in an overview report regarding Bitcoin said that BTC has the potential to grow 100% in value by the end of 2020. Although the report has not been released, Lee believes the May halving event will play a major role in the growth.
Lee highlighting some sections of the soon to be released report said that the current Bitcoin price is not reflecting the value of the halving. Lee also shared an excerpt of the report, which said:
“For 2020, we see several positive convergences that enhance the use case and also the economic model for crypto and Bitcoin — thus, we believe Bitcoin and crypto total return should exceed that of 2019.”
The report predicts:
In other words, we see strong probability that Bitcoin gains >100% in 2020.
Read in full https://www.fxstreet.com/cryptocurrencies/news/top-analyst-tom-lee-predicts-bitcoin-100-growth-in-2020-202001140807
@pooya87. Why would he support Craig S. Wright's scam, however? There are many other cryptocoins and projects that would not hurt his reputation.
Has he not done other similar interviews or discussed other altcoins? I'm not too familiar with this "3 Points TV" program. I skimmed the Wright interview and he seemed neutral at least, not gushing over BSV. I don't get the feeling he's malicious about it, he just seems to think BSV is like any other altcoin.
@pooya87. Why would he support Craig S. Wright's scam, however? There are many other cryptocoins and projects that would not hurt his reputation.
@pooya87. I speculate that Tom Lee might be buying during the late months of 2017, holding on all of 2018 and might have begun to dump when bitcoin was on $14,000 this year.
The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.
The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.
that would be a very weird strategy to sell one thing that is going down and hold others that are going down even faster or harder! if he has indeed sold any bitcoins that he might have held, then he has surely sold any of the airdrops that he had gotten due to owning bitcoin.
one possibility though could be that he got into those altcoins recently hoping for them to pump as bitcoin starts seeing some positive rises consistently and these altcoin dumps also comes close to being over.
@pooya87. I speculate that Tom Lee might be buying during the late months of 2017, holding on all of 2018 and might have begun to dump when bitcoin was on $14,000 this year.
The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.
The coins he might have left holding are BCH and BSV that were extracted from his private keys. He might also be scamming his clients to buy them hehehehehe.
@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.
https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/
https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/
@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.
I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.
do we even know whether he has any bitcoin at all?
for all we know, he might have never even touched bitcoin. their company certainly doesn't do it. they are just "providing advice", in other words it seems to me like they are earning money by telling others what to do with their money. whether they are right or wrong they make their money. so when they said bitcoin is going to $100k when the bubble at $20k was bursting, they were still making money
@Searing. Hosting an interview for a scammer would not be the correct way to raise his profile, however.
https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/
https://www.reddit.com/r/bitcoincashSV/comments/e7aiio/bitcoin_sv_interview_hosted_by_tom_lee/
@bbc.reporter why in the world is Tom Lee hosting SV, and I hope this is the first and last time he’s associating himself with the BSV coin. Also I wonder will anyone be foolish enough to buy BSV coins because of this event, honestly I’m expecting a negative answer but it’ll be interesting to see what the community thinks of this event.
I do not know, however, I am certain that it might be about making money or making back the money he lost on bitcoin and he now hates bitcoin hehehe.
like Lee's precedent is wrong, bitcoin is still in the area of $ 7,000 per one bitcoin.
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again
Well grab'd this from the WO thread here on www.bitcointalk.org
https://bitcointalk.org/index.php?topic=178336.511680;topicseen
The sub-link in the above thread (read this too) is here:
https://twitter.com/caprioleio/status/1203628681903689728
So we will see if Tom Lee's Fundstat views have any real merit here soon I guess.
Brad
like Lee's precedent is wrong, bitcoin is still in the area of $ 7,000 per one bitcoin.
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again
I also heard him say that at the end of this year bitcoin can be $ 20,000 and that is unlikely to happen.
bitcoin is still in a downtrend, bitcoin must close the weekly candle above the price of $ 9500 in order to go up again
Tom Lee does whatever it takes and says whatever outrageous thing he can to keep his profile in the news for his consulting business which I think is not limited to cryptocurrency.
Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.
Talking Head = supposed credibility = free advertisement on cable networks and web = lots and lots of $$$$.
That's all it boils down to. No matter what he's said over the past few years, it's always been in the interest of Fundstrat.
Those other CNBC guys like Brian Kelly are always hyping up shitty altcoins too. I don't think they take the same view of BSV that a lot of Bitcoin investors do. To them, it's just another coin.
Exactly, because he was such a BULL in the past he is riding on this to get him exposure as a BULL in the future. He would not get on such t.v. shows as an
'expert' if he was a BEAR...they have enough 'regular' investment types that can bash BTC for that without bringing in outside 'experts'.
So his only game to keep getting exposure from past efforts is to go bull BULL advisor.
If he was wrong about that and it all goes BULL market to make him look foolish enough, they would dump his ass anyway of the t.v. pundit circuit
so no harm no foul ..to just keep going with the bull trend right/wrong or whatever to keep his niche
I hope he is dead right on such bullish views..but he seems not to have any other tools in his kit...so even for us hoping he is dead right..it can be annoying...
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