Got game: Tom Lee refuses to predict the price of Bitcoin
Source:
It Seems That there are forever tied to the price forecasts . We will remind, the co-founder of Fundstrat became one of the most famous people in cryptocommunist for his predictions. Unfortunately, none of them never became a reality. The latest forecast analyst — Bitcoin for 15 thousand dollars by the end of the year. Most likely, this statement shall not be granted for the remaining eight days.
theAny predictions for the future
According to Bloomberg, 13 December, the traditional e-mail newsletter to customers Fundstrat. In it, Lee and his team explained why it never will wonder about the future of Bitcoin.
We are tired of the constant questions about the price of cryptocurrencies. Due to the high volatility of the crypts we're not going to announce specific time frame for the growth of Bitcoin.
Bloomberg believe that the cause may be not in the «fatigue». In fact, the analyst just realized the imperfection of their predictions.
It's Easy to understand why. In the beginning of 2018 If were talking about 25-thousand dollars per Bitcoin by the beginning of 2019. Some time later, he its forecast up to 15 thousand dollars in November. At that time Bitcoin was trading at $ 5,500. Since then, the cryptocurrency fell to $ 4,000 — more than 70 percent year over year. The last time the analyst that «fair value» Bitcoin is in the area of 13.8 to 14.8 thousand dollars.
Whether personally refuses to comment on their actions in social networks. He also makes no comments on his team to Fundstrat.
Source: Reddit
His predictions were «victim» a series of unforeseen circumstances. We will remind, this year the main reasons for the numerous drains of the price of the cryptocurrency began with financial regulators and «war of harratov» between the fork , where Bitcoin is below the critical support level of $ 6 thousand.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
What will be the price of Bitcoin in 2019? The predictions of industry leaders
If you ignore all the fundamental and infrastructural development in 2018, and to focus only on price, then this period can be considered one of the worst for digital assets. The year began with over 14 thousand dollars when he ha...
What prevents the growth of Bitcoin? The analysts
2018 year was a difficult period in the history of cryptocurrency. Over the past few months the industry has left many investors and even miners. To blame the falling prices of digital assets can anyone, but analysts trading platf...
What is common between the growth of Bitcoin and zombies? Expert's answer
Over the past week and altcoins started to move upwards under the influence of strong pressure from buyers. In just a few days, the main cryptocurrency has jumped by almost 1000 dollars after upgrading yearly low at $ 3150. Many e...
The trading volume of Bitcoin has reached a historic high
Perhaps a rise of a few tens of percent you not much impressed. However, this event hides a much more important record as of December 22, the trading volume of bitcoin has reached its historical maximum. With Bitcoin not have made...
Get asik: the difficulty of mining Bitcoin has fallen by 7 percent
the complexity of the production fell by more than 7 percent. Despite the local growth of cryptocurrencies, miners still hard to stay above the line of profitability. Earlier, small and medium-sized mining companies in China even ...
The following bullrun can lead to something unprecedented large. The experts
Investment Bank Galaxy Digital commented on the next rebound of the stock market in a letter to customers. According to the company, such short rally can often be harbingers of bigger lift. At the same time, this jump can be a lot...
CEO of Ripple: XRP is less centralized than Bitcoin or Ethereum
Ripple CEO brad Garlinghouse made a very bold statement during a recent session of questions and answers. In the event Garlinghouse revealed the details of the project work with financial regulators, as well as reported new succes...
President Coinbase: 2019 will be the best year for investment in cryptocurrencies
Since fell sharply in December, investors have ceased to hope Santa will bring good news for the new year. However, the market still turned and in the last week, the coin has gained about 25 percent. President Asif Hirji not left ...
Not waiting: cryptocurrency Facebook can target a WhatsApp
December 20, Bloomberg reported that Facebook is working on its own cryptocurrency for the popular WhatsApp messenger. The token is expected to be used for payments within the application with reference to the industry of remittan...
Expert: Bitcoin is unlikely to rise above $ 5,000 in the near future
on December 17, just four days price has increased from 3181 to $ 4073, on all major exchanges main cryptocurrency has risen by 28 per cent. However, BTC still dropping for a longer period of time — 30 days ago, it cost 4400 dolla...
Bitcoin above $ 4,000. Beginning bullrun or just a small pullback?
Yesterday was finally able to break through key resistance at $ 4000 and continue its growth. Cryptocurrency begins to form new uptrend on a smaller scale, and the market situation is gradually changing in favour of the bulls. Is ...
Beginners often seen in the crypto currency tool that allows you to go beyond the state framework, and almost to gain superpowers. The reality is a little more modest. For example, the same transparent blockchain, which users can ...
CEO Binance named 2018 as the year of correction for cryptocurrency. What does it mean?
Director General Binance in an interview with Bloomberg expressed optimism about the future of cryptocurrency. He also reflected on the bear market throughout the current year with a sharp drop, which came in November. In his opin...
What is hardwork? Explain on the example of Bitcoin Cash
November 15, 2018, hosted one of the biggest events in the industry of cryptocurrency — hardwork . To the end around this procedure, there were many inaccuracies in the media, so as to understand the intricacies of creating forks ...
Back to school: Coinbase will allow you to capitalize on their knowledge about cryptocurrencies
Cryptocurrencies have become a major topic for the world media a year ago. Then the Bitcoin interested in beginning huge number of investors. However, even now they don't know the blockchain and mining. The leadership of the main ...
Cheap shovels: price of the most popular graphics card from AMD fell to 67 percent
AMD Radeon RX580 has gained immense popularity among the miners in 2017. In February of 2018 representatives of this model GPU has become so little on the market that its price jumped up to $ 550. However, today the card can be ea...
Only 37 percent of the addresses are considered "economically significant". How to understand this?
December 19, the research firm, presented an interesting report. It says that only 37 per cent of the total number of addresses have economic value. According to the data, today the network consists of 460 million wallets that are...
Coinbase moved five billion dollars in the crypt to a new purses. What is the reason?
Coinbase is going to seriously increase the number of supported cryptocurrencies. To ensure maximum security for their customers, the exchange needs to rethink ways of storing billions of dollars. Company representatives warned th...
Comments (0)
This article has no comment, be the first!