Speculating with Tom Lee - page 5. | Bitcointalksearch.org

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: bbc.reporter on July 31, 2019, 08:56:35 PM

“We don’t have a target for Bitcoin, but the prior high was $20,000. I think there’s a good possibility that Bitcoin reattains that high this year

he keeps lowering his expectations of bitcoin and it seems like he forgot to take a look at the charts again to see how the last time (2015) looked like with the slower rise at first which is what we have right now. it seems like he gets caught up in the short term drama a lot and then makes the emotional yet permabull predictions out of.
i am still waiting for the price to reach $40,000 by the end of 2018, the prediction he made in Nov 2017 when price was below $9k and was shooting up towards $20k.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Tom Lee's art of predicting bitcoin with giving no prediction as the prediction, however mentioning somethng that might or might not be a prediction.

Tom Lee must be related to Bruce Lee. He is applying his uncle's Jeet Kun Do on investing!

Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC).

Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July 31, saying:

“Bitcoin’s becoming increasingly a macrohedge for investors against things that could go wrong. Rate cuts are adding liquidity. Liquidity is pushing money into all these risk assets and also hedges, which is helping Bitcoin.”

Lee delivered a couple more general remarks about Bitcoin, which climbed back above the $10,000 mark earlier today. In terms of price, Lee thinks it is plausible for the coin to retake its all-time high by the end of the year.

He remarked:

“We don’t have a target for Bitcoin, but the prior high was $20,000. I think there’s a good possibility that Bitcoin reattains that high this year

Read in full https://cointelegraph.com/news/fundstrat-co-founder-tom-lee-us-fed-rate-cuts-are-helping-bitcoin

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: gentlemand on July 20, 2019, 04:18:05 PM

Quote from: exstasie on July 20, 2019, 04:14:37 PM

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

I've never doubted the prices he espoused were going to happen at some point. It's the timing that's been wrong most of the time.

I hope he doesn't have a legion of fans who go full leverage every time he makes a prediction. If they did then they'll all be in cardboard boxes by now.

Agreed! Timing is everything. Similar to what Dana White would say hehehe. However, is Tom Lee timing bitcoin's movements or is he really a blind permabull?

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: buwaytress on July 22, 2019, 08:38:53 AM

-snip-

Well he's a founding partner and he's pretty popular, so that probably has a lot to do with his job retention lol. Either way, he's had a lot of Wall Street experience, so he's probably better at other areas. Crypto prices are almost impossible to predict to be fair, and I imagine it's only harder if you look at the market through permabull/bear lenses.

But yeah, people shouldn't be taking anyone's word of the market anyway, so it's pretty moot in the end lol.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

@jsverson: Thanks for that share, I have seen a few articles -- when I can bring myself to sift through predictions analysis and analyses of said predictions -- but they don't exactly go back very far. How does Lee still have his job when he supposedly gave up his prediction business anyway? You either be wrong all the time and own it, or give up and do something else =p

Not that I'm calling for anyone's head. It's a free internet haha. Just wonder how white-collar offices function in Fundstrat!

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: buwaytress on July 21, 2019, 01:45:10 PM

Might as well create a thread and mark the OP with their key predictions. Not one to believe these guys, but definitely one to enjoy the fun alongside the finger pointing and inevitable fame-claiming once predictions invariably hit. Suggest to make:
1. Date of Prediction and Price at time.
2. Target Price and Date.

And then when date reached, you can I guess put accuracy.

Might even show newbies they really shouldn't be listening to experts =D

Here's an article that details at least some of his misses:

Quote from: https://www.ccn.com/bitcoin-perma-bull-tom-lee-believes-bitcoin-price-should-be-15000-20000/

In April 2018, Lee insisted that bitcoin would rally big-time right after tax season. At the time, Lee attributed the drop in bitcoin’s price to mass sell-offs caused by investors trying to sell off their cryptocurrency holdings to avoid paying taxes on them.

That rally never happened.

[...]

Then, in November 2018 — at the height of the crypto bear market — Lee doubled-down on his exuberant $15,000 year-end bitcoin price target. At the time, Lee called the Crypto Winter an "awkward transition" that would pass very soon.

As we all know, that comeback also never happened.

[...]

In December 2018, a frustrated Lee said he was finished giving price predictions given his history of inaccuracy.

However, he said that bitcoin's fair market value at the time was $13,800 to $14,800. At the time, bitcoin never topped $4,180.

Ironically enough, Bitcoin is hovering above $10k now, which is the lower end of his prediction in the article lol.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: gentlemand on July 20, 2019, 04:18:05 PM

Quote from: exstasie on July 20, 2019, 04:14:37 PM

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

I've never doubted the prices he espoused were going to happen at some point. It's the timing that's been wrong most of the time.

I hope he doesn't have a legion of fans who go full leverage every time he makes a prediction. If they did then they'll all be in cardboard boxes by now.

nah, i think he lost his credibility back in 2018 when he continued insisting on hitting ATH by the end of the year [2018] and all the while price was going down without any signs of reversal. people have to be real ignorant to still listen to what this dude is saying. i mean making wrong predictions is normal and everyone does it but predicting against the market trend for a whole year and sticking to it is just dumb!

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Might as well create a thread and mark the OP with their key predictions. Not one to believe these guys, but definitely one to enjoy the fun alongside the finger pointing and inevitable fame-claiming once predictions invariably hit. Suggest to make:
1. Date of Prediction and Price at time.
2. Target Price and Date.

And then when date reached, you can I guess put accuracy.

Might even show newbies they really shouldn't be listening to experts =D

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: BitHodler on July 20, 2019, 06:38:58 PM

One would assume that Tom Lee with his background and knowledge would adjust his opinion on the market because it was clearly following a bearish path in 2018, but no, he kept acting like an empty headed perma bull.

He plays a 'smart' game here by not changing his predictions from bullish to bearish because just like most people here have no clue about the future direction of the market, he doesn't either. The best option is to stay put and don't move an inch. If you keep predicting certain outrageous price levels, and stick to it, you'll be right eventually and the mainstream media will crown you as the expert who called the bull run.

That being said, he became a tad bit bearish towards what right now seems the end of the bear market. People roasted the dude for being wrong again and for becoming bearish, lol. He shouldn't have done that. If he kept repeating his own bla bla he right now would be able to say that it took a bit longer than expected, but I'm still on the right track. Cheesy

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

I think that the picture from OP is says a thousand words about this expert, like he is thinking "OMG I say something stupid, again".

Personally, I do not know that someone has uttered so much speculatios and that he has been wrong so many times, this is not even funny anymore. But people like him do not retreat, even if he sounds like a broken plate or a drunken parrot. When he say something in the sense that bitcoin should be worth $14 000 based on number of bitcoin address (not sure if he think only on active or in total), I stop pay attention on him.

It is better to be focused on people who give long-term predictions based on some facts, and completely ignore such "experts".

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: TravelMug on July 20, 2019, 12:47:57 PM

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

I doubt he has many clients left (if he had any to begin with) after being wrong so many times. 2018 was the year all his predictions have been slaughtered. It was truly embarrassing seeing him rehash his own nonsense.

One would assume that Tom Lee with his background and knowledge would adjust his opinion on the market because it was clearly following a bearish path in 2018, but no, he kept acting like an empty headed perma bull.

What I have also noticed is that his legacy predictions lately are wrong more often than right. News outlets should stop inviting him but apparently they don't care enough. Tom's bad reputation draws views....

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: exstasie on July 20, 2019, 04:14:37 PM

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

I've never doubted the prices he espoused were going to happen at some point. It's the timing that's been wrong most of the time.

I hope he doesn't have a legion of fans who go full leverage every time he makes a prediction. If they did then they'll all be in cardboard boxes by now.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: gentlemand on July 20, 2019, 04:07:14 PM

Quote from: exstasie on July 20, 2019, 03:58:56 PM

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

Then it's far better to just say 'I'm a perma bull' rather than turn up on TV and drop pointless predictions.

He can even get a T shirt printed saying 'I'm a perma bull' and he can point to it when anyone asks him what he thinks the price will do.

Well the dude's hyping up his fund, keeping his investors licking their chops. He has some motivation to make those predictions outside of just being a perma-bull. But the other thing is he's a fixture on CNBC's crypto coverage and they're always asking him for his price predictions. I remember right near the bottom last year, he said he didn't want to make predictions anymore. Coming from a perma-bull, I guess that's the optimal time to buy!

I just think we've finally reached a point in the market where his predictions actually make sense now. If there was ever a time to stop making fun of Tom Lee (especially if it reinforces bias against his opinions), it's now.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: exstasie on July 20, 2019, 03:58:56 PM

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

Then it's far better to just say 'I'm a perma bull' rather than turn up on TV and drop pointless predictions.

He can even get a T shirt printed saying 'I'm a perma bull' and he can point to it when anyone asks him what he thinks the price will do.

Still, he gives us something to talk about every now and then.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: gentlemand on July 20, 2019, 09:53:54 AM

Time for OP to lay out that 50 BTC to this forum so he can change his name tom.lee.reporter.

If I remember rightly he's made one call since he popped up that turned out right. Every single other one's been utter bilge. I think his hit rate is about 1-5%. I would favour following a psychic octopus.

That's how I felt about all the perma-bulls in 2014 and 2015. I remember clowning those guys so hard. As it turns out, they had the last laugh. The perma-bulls always seem to have the last laugh. Us "rational" folks focusing on the bear markets always seem to miss out.

Tom Lee is just an old school perma-bull. It's not my style but it paid off big time for him in the US equity markets, and it'll pay off big time after the next Bitcoin bubble.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: TravelMug on July 20, 2019, 12:47:57 PM

Quote from: FanEagle on July 20, 2019, 12:24:36 PM

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

So let's just ride the wave with Tom, after-all everyone here to make more money and enjoy his bullish predictions.

I am one of his fan and I do really enjoyed his speculations and predictions of bitcoin rally. In a way, this guy has contributed to cryptocurrency and bitcoin more than many of us and most time because of the large followers , his predictions do move market upward. He has been positive on bitcoin from the beginning and he has remained like that and that is a sign that he know what he is doing and his is doing it very well. I do feel happy when bitcoin is going up and sad when it is falling and that makes me be the Tom lee’s fan.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: FanEagle on July 20, 2019, 12:24:36 PM

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

Not only that, Tom Lee is Fundstrat Global Advisors co-founder, so we all know that's the reason behind his shilling of bitcoin from the very beginning. He needs to make his client happy, thus speculating that the price could really go very high at the end of the year.

So let's just ride the wave with Tom, after-all everyone here to make more money and enjoy his bullish predictions.

FanEagle

legendary

Activity: 2884

Merit: 1117

Yeah I agree, it is not speculation it is just he is a person who has a decent amount of bitcoin and wants it to go up. Anyone who has bitcoin wants it to go up, he is just a person who people give a microphone to and not us, if they asked me what I was thinking about bitcoin for an article or even on shows I would say it will go up too because if I tell to enough people eventually people may start believing and buying and when they buy the price goes up.

So, Tom Lee is not speculating, he is not even really presenting any real facts neither, he just wants bitcoin to go up really bad so he can sell it all and make a huge profit and basically be rich himself. He wants exactly what every one of us here wants, just on a bigger scale with a national stage.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Time for OP to lay out that 50 BTC to this forum so he can change his name tom.lee.reporter.

If I remember rightly he's made one call since he popped up that turned out right. Every single other one's been utter bilge. I think his hit rate is about 1-5%. I would favour following a psychic octopus.

ShooterXD

hero member

Activity: 924

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Maybe you will like to take a look at this video: https://www.youtube.com/watch?v=FCeFPxgHMUU

IN my opinion, libra is just the STATE trying to hit cryptocurrency. But people who will decide this

Topic: Speculating with Tom Lee - page 5. (Read 1811 times)