Re: Bullish Strategist Tom Lee Blames Bitcoin Futures for Recent Market Sell-Off
Tom Lee is the king of bagholders. This is a breed of permabull rarely seen in nature.
Lee is the king of mainstream media it seems. I try to not open anything related to the subjects he tends to cover (in order to hopefully not trigger content linking algorithms), and still I am flooded with articles and videos having his name thick stamped as title. If he continues like that, he'll become crypto's Kim Kardashian. His bullish predictions don't seem to gain any type of traction with how far off they are every time, and now he turned a tad bit bearish to follow this market's downtrend. Maybe, and I say maybe, if he keeps trying he will be right eventually. I just hope he won't rub it in, even though it could be seen as a major breakthrough for him.
if by "far off" you mean compare to what happens then you are wrong he was close to predicting the real price so far. but if by "far off" you mean in time then you are right. he always predicts for long term (at least what I have seen from him) and that is the easy part because in short term all the drama, FUD, manipulation, panic sells and FOMO buys are affecting the market and making it hard to predict. for example you can't say what the price will be in a month from now or where the bottom of this bullshit downtrend currently is but you can say that in a year or two price will be rising and setting a new ATH. you can also say in 2020 with the halving we will have a huge rise at least doubling the price of that time,.... and considering all these and the way bitcoin has been rising exponentially each time you can come up with a near accurate prediction.