Tom Lee's final analysis of the year

WinslowIII

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Quote from: gentlemand on December 21, 2018, 09:14:29 PM

Quote from: KingScorpio on December 21, 2018, 09:10:36 PM

i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik,

people like vitalik are very careful what they are saying.

It looks to me like Vitalik has come out with loads of stupid shit over the years. However he is with it enough to know that talking endlessly about price achieves nothing and enlightens no one. The few times he has talked about price it seemed to largely be dissing its absurdity.

He came out with the outrageously ingenious and evil idea of allowing scammers to sell ideas without doing any cryptogrophy work at all. It took off like crazy and made a few people really rich. It also imo made the 2017 pump much bigger than it should have been.
Now that governments are watching, what's the next bag of tricks to fuel the next pump?

gentlemand

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Quote from: KingScorpio on December 21, 2018, 09:10:36 PM

i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik,

people like vitalik are very careful what they are saying.

It looks to me like Vitalik has come out with loads of stupid shit over the years. However he is with it enough to know that talking endlessly about price achieves nothing and enlightens no one. The few times he has talked about price it seemed to largely be dissing its absurdity.

WinslowIII

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Quote from: KingScorpio on December 21, 2018, 09:10:36 PM

Quote from: gentlemand on December 21, 2018, 09:08:51 PM

Quote from: WinslowIII on December 21, 2018, 08:48:55 PM

Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says?

I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this.

i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik,

people like vitalik are very careful what they are saying.

Vitalik pretty much sold all his eth for millions before the big pump of 2017. He is another person who never has to worry about money for the rest of his life people should take with a huge grain of salt. Like Tim dRAPER.

KingScorpio

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Quote from: gentlemand on December 21, 2018, 09:08:51 PM

Quote from: WinslowIII on December 21, 2018, 08:48:55 PM

Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says?

I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this.

i tell these are just default employees of media enterpreneuers, they have no real heavyweights like vitalik,

people like vitalik are very careful what they are saying.

gentlemand

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Quote from: WinslowIII on December 21, 2018, 08:48:55 PM

Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says?

I'd love to meet anyone who could tell us that. He seems to have appeared out of nowhere spouting irrelevant bonkersdom. I presume he has some type of legacy standing. If he had some previous crypto track record to draw on it would be one thing, but there doesn't appear to be a bean. Hopefully he'll go off and follow his true passion after all this.

WinslowIII

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I wonder how rich Tim dRAPER (shiller for 2 of the biggest ico ripoffs of 2017 Bancor and Tezos) got off the 2017 pump. He wants everyone to think he's still holding the "future of money" but in reality he's probably dumped it all for billions many months ago.
Don't listen to anyone but yourself.

KingScorpio

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Quote from: WinslowIII on December 21, 2018, 08:48:55 PM

Quote from: gentlemand on December 21, 2018, 08:14:50 PM

Quote from: WinslowIII on December 21, 2018, 06:44:40 PM

I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him.
Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well.

That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'.

Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it.

Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says?

wanted also just ask the question, i think we are mainly influenced just by some media enterpreneuers, who only do media enterpreneurism and have no idea what they are talking about, and no expert is ever talking with them, or wants to talk with them, since cryptoenterpreneuers are very carefully about what they are saying. especially if they are serious about their project.

vitalik buterin's sentences are basically like imperial to them.

we will have to deal with that since they will not have any personalities influencing cryptomedia anytime soon.

regards

WinslowIII

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Quote from: gentlemand on December 21, 2018, 08:14:50 PM

Quote from: WinslowIII on December 21, 2018, 06:44:40 PM

I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him.
Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well.

That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'.

Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it.

Oh yeah, that was Charlie lol. So wtf is Tom Lee and why do people here care what he says?

gentlemand

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Quote from: WinslowIII on December 21, 2018, 06:44:40 PM

I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him.
Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well.

That was Charlie Lee. And he's certainly much more worth a listen than this Lee. He called the top and may have called the bottom too. And he did it without a parade of failed 'predictions'.

Who cares what he does with his own coins? At least he was open enough to talk about it and why he did it.

WinslowIII

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Looks like idiot tom lee is giving up https://cryptonews.com/news/tom-lee-gives-up-on-forecasting-bitcoin-price-3110.htm

I stopped listening to anything he had to say along with taking litecoin seriously when he announced he sold all his litecoin. I have absolutely no idea why people here keep talking about him.
Actions speak louder than words, he exited out of all his crypto at a great time, people who followed his lead vs listened to his horseshit predictions came out very well.

bbc.reporter

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@Slow death. I reckon Tom Lee might be making a similar example of how newbies make and however lost their investment in bitcoin speculation. There are victims in every bubble hehehe.

Slow death

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Quote from: eroejoe on December 20, 2018, 07:05:19 AM

his analysis is never proved right...

Aug. 18, 2017, 12:24 PM

Wall Street's biggest bear thinks bitcoin will surge to $6,000

on August 18, 2017 the price was $4200 and Tom Lee was right in his prediction, of course this was luck, but he was right on his price forecast. These guys hit it lucky so we should not believe their predictions

eroejoe

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Quote from: davis196 on December 16, 2018, 01:57:22 AM

"fair price"?WTF?There's no such thing as a fair price.
My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years).
I guess that Tom Lee just wants to spread some optimism amongst the small traders/newbies.He doesn't want to make a proper analysis.

I think that we do not need to give attention to guys like Tom Lee, he is speaking about his speculation, his analysis is never proved right, or I did not heard that he was right even single time.

Slow death

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Quote from: bbc.reporter on December 15, 2018, 10:00:18 PM

In any case, he also said that the market is wrong.

who decides the price is the sellers and the buyers

Quote from: bbc.reporter on December 15, 2018, 10:00:18 PM

He reasons that the price of bitcoin is below its fair value of $13k - $14k. However, I reckon the real price should be the price that the buyer wants to pay for, not what an analyst wants hehehe.

he is upset because his prediction that the price would be $15,000 by the end of the year has failed and this is affecting his ego.

Tom Lee Maintains $15,000 Year-End BTC Prediction Despite Market Crash

the current price of bitcoin is $4100 and are missing 11 days to 2019 ... so there is no chance of his prediction becoming real and he knows it and so now says that the market is unfair

bbc.reporter

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Quote from: hahay on December 18, 2018, 11:40:04 PM

What about the increase that is happening now, is that possible if the predictions will become a reality?
Although it seems impossible, but I hope the prediction will at least be close to the predicted value at the end of the year and I'm ready to sell. Cheesy

Hehehe that might be the reason why bitcoin will not reach near its predicted value because you and many others like you have the same plan. However, the others are planning to dump before you on $5k.

wedatin

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Quote from: Deeyoh on December 16, 2018, 10:34:42 AM

Fair market for some of my coins was 17k, next is 50k, and 100k, then some are priced at 1 million each. Hey, I determine what I sell my coins for. Good luck, I'll never completely sell all for inflated fiat though.

17k maybe later next year. 50k maybe 2020.

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Quote from: exstasie on December 19, 2018, 03:06:43 PM

Quote from: el kaka22 on December 19, 2018, 04:09:07 AM

Quote from: davis196 on December 16, 2018, 01:57:22 AM

"fair price"?WTF?There's no such thing as a fair price.
My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years).

You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.

No way, these ideas don't apply to Bitcoin. The fundamentals from analyzing blockchain activity are really opaque. We don't know if lost coins are really lost or when existing wallets will become active. We can't know how expansive a network is (or how many users there are) just by looking at transactions. It's impossible to know how many entities are involved, how much is merely inefficient or unnecessary movement of coins or spam. In terms of Metcalfe's Law, we can't extrapolate number of users from number of wallets, but even if we could, we still can't put a "number" on its value.

I agree with what you said and I'm not always serious about any statement made by this person(Tom Lee,McAfee etc.) because they are just admirers of bitcoin, they have money than us and all they do is manipulate the market through there voice or social media account so we can follow their statement while they make more money out of us.

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Quote from: el kaka22 on December 19, 2018, 04:09:07 AM

Quote from: davis196 on December 16, 2018, 01:57:22 AM

"fair price"?WTF?There's no such thing as a fair price.
My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years).

You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.

No way, these ideas don't apply to Bitcoin. The fundamentals from analyzing blockchain activity are really opaque. We don't know if lost coins are really lost or when existing wallets will become active. We can't know how expansive a network is (or how many users there are) just by looking at transactions. It's impossible to know how many entities are involved, how much is merely inefficient or unnecessary movement of coins or spam. In terms of Metcalfe's Law, we can't extrapolate number of users from number of wallets, but even if we could, we still can't put a "number" on its value.

davinchi

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He doesn't know what bitcoin will do no more than any of us. He might have some experience in the field of economics but it doesn't really reflect on something as volatile as bitcoin. He might have been right and the price could have been 10+ thousand dollars if the bitcoin cash war thing didn't happen, I mean we don't know maybe the price would have gone down anyway or stayed the same or went up, its just a "if" scenario so we are not really sure about it.

Tom Lee doesn't really care about the price anymore than us as well in the sense that when he makes a number and tells it he doesn't really has a big math behind that logic, he just makes it up just like the people come here and write "bitcoin will be $1k" and leave, its just a speculation and nothing more than that.

elloco4ever

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Quote from: el kaka22 on December 19, 2018, 04:09:07 AM

Quote from: davis196 on December 16, 2018, 01:57:22 AM

"fair price"?WTF?There's no such thing as a fair price.
My assumption of a fair bitcoin price would be 50K USD,but it won't happen(probably in the next 3 years).

You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.

Quote from: bbc.reporter on December 15, 2018, 10:00:18 PM

In any case, he also said that the market is wrong. He reasons that the price of bitcoin is below its fair value of $13k - $14k.

Any bitcoiner who is following the markets for years, will definitely say that the current prices are a definite wrong. I like Tom Lee's faith on bitcoin's future and that is the reason he still has not changed his year end predictions. I believe he will be at least 50% true with his price levels by end of this year.

Yes you are right, his experience in this field speak about his prediction. No one cannot easily predict the market but yes Tom Lee might be right in his statement. Like you said we can expect atleast a 50% reality with his price levels, However there is no guarantee in crypto let us wait till is end to the year for a change.

Topic: Tom Lee's final analysis of the year (Read 844 times)