Don’t Believe The Bitcoin Bears, Says Fundstrat’s Tom Lee
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- Опубліковано 4 чер 2018
- Is it time to get more bullish on bitcoin? Are the bitcoin bears dead wrong? With Fundstrat's Tom Lee, CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
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Don’t Believe The Bitcoin Bears, Says Fundstrat’s Tom Lee | CNBC
CNBC is genius for talking about Bitcoin constantly...they are really pushing hard for the Millennial viewers. Out with the old, in with the new...kudos to the person who pushed this segment.
Yousuf Joyian Scam like your comment.
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Yet it is bizarre that everyone in financial journalist is suddenly an expert on one-way hashing algos.
Y J info
I agree completely. It really is an interesting observation though. Regardless of price movements, this giant media platform still brings good conversation to mainstream television. I would have never expected this sort of coverage just a year or two ago. Regardless of how you feel about the topic its still interesting to see how media is reacting to it.
HODL people! The market will rise again, a lot of institutional money is about to come into the market. Be patient!
Not at the level that its about to - morgan stanley, goldmans sachs, wallstreet firms - wealth folks like george soros. You had a handful in 2015 - now more are coming along for the ride
Thinking Crypto buying some more
They are already in noob. You reading the "news" is you being behind lol.
yes hodl so the big boys can cash out, the greater fool theory
Only bulchit fiat the winner hodl you fiat and go to holleday
I think amazon is going to partner with BTC and LTC eventually......why do i think this?
do you have an amazon alexa?
If so, ask alexa "what is the best cryptocurrency to buy" and she'll respond with "I like LTC" 9 out of 10 times. every now and then alexa will throw out "i like BTC" but its mostly LTC (which works hand in hand with btc)
For the same reason alexa tells us Seattle Seahawks will win the next SuperBowl (cuz amazon is from seattle) ALEXA IS PROGRAMMED TO SAY SEATTLE SEAHAWKS, LITECOIN, and BITCOIN!
This isnt by accident. its programmed into the alexa to respond this way. Now ask yourself, why would Amazon want to promote LTC and BTC?
Cuz theres a partnership coming soon. and that means REAL WORLD USE AND UTILITY
Prices will skyrocket if amazon accepts btc and ltc. and other fortune 500 companies will follow suit like walmart, apple, google, etc
And the price will skyrocket even more.
Dont believe me? spend 50 bucks and buy an alexa for yourself and ask what is the best cryptocurrency to buy. ltc, ltc, ltc, ltc, ltc, btc, ltc, ltc, ltc ltc, btc
theres a reason for this too. dont say i didnt tell you so in a year or 2 when you miss out people.....it may be 5 years down the road or more...but when it happens, MOON landing and all the people that accumulated and HODL'd will be rich af
dam Tom Lee wont give up!!! love it!!! if hes not the most bullish man on BTC, i dont know who is!!!
So, just how invested is this guy?
I love Tommy Lee! I am going to hodl up or down so I'm only interested in hearing the bullish sentiments. You might say that's naive but I bought for the premise, not returns. So I'm fine with my head in the sand and I'll buy all the way down. Me and Mr. Lee- bullish to the bottom baby!!
I agree totally! Put 99% my $$'s in BTC. Started buying a little silver today with whats
's left.
Garrett Slay cheers!! I'm literally getting Capital together right now in case of 4K :)
Do you mean if BTC goes to $4K, ?
less than 3k in september
Don't believe that, but, if it happens I'll buy 2 more.
Tom Lee is no bitcoin guru, don't listen to him.
Last time Mr. Lee said the bottom was 8k bc that was the mining cost. Now, the mining cost is 6k , so that should be the bottom. I guess at 4k the mining cost will be 3k. Hilarious!
mining cost is really 1,000 although some would say 2,000
Its basically the cost of electricity (kwH) x (amount of time to solve 1 btc)
Mining cost is not fixed and is way dumber indicator than Google trends
Is it me or does this guy move his head like a South Park character?
I do not believe in bitcoin now.
nobody does well only idiots
@@carlossalinas8808 ha lol
Buy low and sell high
Just let it die off already
All of the sudden CNBC is tough on crypto when just last year they were teaching viewers how to buy ripple (XRP) step by step at its all time high lmao. regardless of media coverage BTC will continue on its path higher.
Good job CNBC and Tom for keeping things into perspective. Most remember just the all time highs. Bitcoin's performance is unrivaled to anything else compared to 24 months ago.
Its not fake money and hodls the most value (store value) No coin could surpass the value of Satoshi. It would be like taking George Washington off the 1$ bill
My god he actually fully believes his own lies. Unbelievable.
amirjon he doesnt, but he wants us to though
amirjon you have no idea and will feel very foolish in a couple of years- book it!
resistance is futile hehe
Don’t believe Bitcoin but must be believe your self Bitcoin never know you 💁
NFLX had many crashes of 50% or more, but if you held it from 2001, it has returned 34000%. Imagine selling it every time it drops, the difference between poor and the rich is the mindset and ability to see the future...
lol. This guy just said we were about to have a huge rally from consensus hype, the TA did not support that at all, but he went with that call and was off by 30% or so, I don't take him seriously. Someone that ignores the TA in a speculative market and just says what they are feeling is not the type of person you wanna listen to in crypto.
If you understand you understand leave the rest of the world to rot more for us that know
My guy at the end knows what's up. I wouldn't be surprised to find out he's a HODLer
the denial is strong
... in this one
No denial here. Just cash ready for news lows :) I'll take it all!!
Im throwing everything at these levels. Accumulation period
frozenstrawbs this was prior to the breakdown through the wedge as support. I would imagine that everyone's reevaluating the situation now
ken ken Carful there buddy. I'm a perma bull on crypto long term, but with the drop through the wedge on June 10th, it's really starting to look like that consolidations going to go lower and longer than people think. Do yourself a favor and set a stop loss, or be fine with hodling for a min. Good luck brother
institutions will make the whole crypto market cap fall and then they will buy... That the way to do it!
Sell that crap! Buy silver
mikael englund bro
Hmmm 🧐🤨🙈
They love to use the most hyperbolic time frame, why not just say it is flat on the year, oh, doesn't make news.
What is the purpose of Bitcoin in 2018? Transaction fees are 20% higher than ETH, transactions per day are down to where they were in 2015. It's more expensive and less functional than modern cryptocurrencies. It's an evolutionary dead end.
why is it a dead end ?i know thats because u cant see past your shoe laces
Pretty useless at being that also
No it very good at it! SOV = long term. Short term means medium of exchange. Yes it not doing great at that. But look at a year and were up 7x! Great SOV!
If you think that the banks are honest, and the government has your best interest in mind, then there is NO point to Bitcoin.
I buy and sell BTC on GDAX for NO fees. Check it out.
nice
why does anyone listen to this guy? literally all have his calls have been wrong the past few months
BTC will turn just give a bit more time. This game is not for the inpatient
no is for the stupids jajaaja
Carlos Salinas so you bought in at 19k ?
Wait for everyone to start saying SELL SELL bitcoin, then is the time to buy.
People are acting like this is the first time bitcoin has risen and fallen. Every single time it has done this people said the exact same thing.
This retracements have happened 7 times in the past. It was expected so is the big push to new levels
Just wait for winters...
Mr Slick Buster himself.
Funfair will launch soon. One of about five real projects on the blockchain
pure craaaaaaaap
why? there is only about 4 coins/tokens in the whole of crypto that has a real project. Why do you think its crap?
ETN baby :)
get out of here with your shitcoin
I actually thought this shitcoin died already
ETN is just getting started, XRP, Nano, NEO were all relatively flat for months to years and then people fomo'd in once the price started mooning. Same thing is going to happen to ETN, just wait and see.
DividedShark why? The tech has problems. It has a bad image. And its use case is useless.
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Hahahahaha this guy would still be bullish if bitcoin fell to $.001
Lovin the bitcoin coverage CNBC.
The host makes some great counter points, this year is so much different than the previosu 3, using the bull market years to say what this year is going to do.... it does not work like that. This year is a bear market, the first one in 3 years, it won't just go away over night, this needs a full year at least.
bitconeeeeeeEEEEEeeeeect
Albert Gérard so funny new and original
waso waso waso
Albert Gérard info
Buy dogecoin
whats funny?
spicydavid2005 i
It's the safest investment out there because no matter what 1 doge = 1 doge
spicydavid2005 who needs dogecoin when u have centra
@spicydavid2005 you a millionaire rn?
and also people have more interest in altcoins. before the crash they even didnt know what altcoin was :) so instead searching for bitcoin, they search tron, html, peepcoin, reddcoin, pundix, xp coin :)
please let people know so they will lost money on hitbc
You just give me a heads up when those 10 days are. You know, Tom said the mining cost was 8000 - now it’s 6000 I guess to try and bolster his cost argument on price
I really like these segments that CNBC are doing
With the new leverage that comes to effect on August 1 2:1 good luck buying bitcoin noobs :)))
Kuziai what's coming to effect on August?
New regulations because noobs like you lost a lot of money buying bitcoin
Kuziai what regulations though, they have been saying that for ages. Nah I'm not noob, been playing crypto for some time 😎
Hail to Tommy LEE....DILLY DILLY
I would deny also if I was so deeply invested in Bitcoin..
CNBC's pessimistic view is really obvious and silly
TA Channel: TexasWest Capital
Everybody hopes to get bitcoin cheaper.. Won't happen
Why did crypto kirby channel stop?
Siaaaaaaaaaaaaaaaaaacooooooooooooooooooooooin!
Stoooooooooooooooooorrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrjj!
craaaaaaaaaaaaaaaaaaaaaaaap
Ham Lak
One day you will wish to had some in this price...
Carlos Salinas
Go find a job then... This is the only real working product.see you at the top
Just listen to her lack of knowledge! Stock below 10.000! Bitcoin has rised over 19000 X in 9 years. Isnt it normal that it has to regulate? We are talking about 10 times more than Amazon in less time. I just dont get the "negative" tone of voice behind this news 🤔
First
Send me your money and I'll tell you how I got rich.
ascensionowl what the address??? Hurry!!
Just tell me and if it works I'll send you money.
how to send you $.1?
bitcoin
It has become difficult to trade with bitcoin recently, the price hangs in a narrow range, you cann’t earn much. So I focused on the other coins. The choice of coins and tokens in HitBTC is very wide.
If you don't buy Bitcoin now you'll regret it for the rest of your life.
Risk taking will begin soon! ICOs will have a great year, no doubt about it. Take a look at Fr8 Network and Muirfield IP guys, real world use that will genuinely benefit society with blockchain technology.
Tom Lee keeps it real. HODL!
Bitcoin is obsolete. EOS!!!
Ye. Clearly he is unbias.. not.
Btc 1.99 by December
Care to put money where your mouth is? We can make a bet.
Jake Ve 🤔... I’m listening
December 1st 2018 if it's not $1.99 then you owe me 0.1 BTC, if it is $1.99 then I'll send you 50 btc
You alive?
@@hanzoverlord6720 hello
Tom Lee is wrong most of the time
nope!
permabull; i guess hes a major hodler. your probably going to have to wait at least a year Lee since u bought at 20k lmfao
If he is so bullish why did he sell his litecoins?
omega lol I've been trying to buy bitcoin under 5k for months and I haven't gotten a fill.
It’s just a accumulation period
Asking cryptocurrency fans about the authenticity & growth of Cryptocurrency is like asking a Muslim if Islam is the fastest growing religion & a religion of peace. What do you think would be the response?
By the looks of my wallet, its growing pretty fast. Dont miss the boat this year and u wont be as mad.
You'll be using blockchain apps without realizing you're using it. You'll be transacting in it, without you knowing it. You have an option to invest in it, but its happening whether you like it or not.
BITCOIN
bitcoin 2013 $1000... bitcoin 2017 $20,000 that was x20... bitcoin dec 2021 its $400,000 and thats another x20... :)
Keep your freshly printed, Quantitative Eased Fiat, Loy :)
Guy is a muppet right?
We all want the institutional money asap BUUT, guys just be carefull about media advices and public figures predictiong the price. Hold but look at the big picture also!! To moon!!
Can’t break through? Manipulation!
I made $17K on Doge Coin 4 yeara ago! Lick!
Sell BTC and buy XRP before it is too late
Ripple is trash
may be you will regret saying that about XRP soon
@@areagulf1346 🤡
The Bull is coming don't know when but its coming.
wil price of bitcin rise again?
Sure believe this tool when he said btc was going to rise 70% IN A WEEK after consensus. How many gullible investors got rekt from that nonsense. Want a tip? Whatever Fundstraat or Tom Lee says. Do the opposite. It has served me well
dont believe this guy and cnbc
Bears are not wrong, bulls are not wrong either, market is always right. Don't forget that Tom :)
"Interest has dwindled"
There's your end game, Crypto Cultists.
No?
The searches have fallen because last year every man and his dog Googled Bitcoin when there was massive bull market
Show is hard to watch. Tom Lee is great, but these hosts are old-money lap-dogs
Tron
Regardless of asset class, CNBC commentary is at best, just noise.
Bitcoin has more room to grow but long run it will not be the coin of choice. There are wayyyyy more better options out there. These guys need to crawl out from the crypto rock they're living under. Talk about something other than the big 3.
more room to sink
Carlos Salinas I think it could still rise to the 12 to 15 range but overall yes it will
yep. maybe in another 10 years when dollar has depreciated at a half ;)
I don't believe animals but I do believe in numbers.
I stopped listening to this guy.. so many wrong predictions
Buy Oysyer Shell (SHL)!! Decentralized internet !!!!!! 🆙
He thinks Bitcoin is a great store of value like it is.....give me a break....
It is
If it weren't for cryptocurrencies, shorting the whole fiat thesis wouldn't be so simple. I really don't know what the price of a bitcoin is going to be in the near future, but I know that the next financial crisis is just around the corner. We are actually passing from a dystopian recession that no official media wants to admit, to a new monetary era. USA it's loosing its hegemony but I'm not against Americans, they have just been played. One can argue that every nation has the government they deserve, but no one deserves to be treated this badly.
Rn it’s around 38k$
I love these day to day bitcoin speculations. I'll comment on this video 5 years from now laughing when bitcoin is 250k
No one new what the word "fiat" was 10 years ago.
I love it! It really is out with the old with this CNBC channel. Blockchain and alt coins: it's only the beginning!
Buy Nano XRB!
OmniversoSinDios Iota.
why?
Love the coin and idea behind it, but sadly right now does not seem like a great time to buy
Why ? Wait till the price of something booms before buying it ? Smart.
it´s the best time to buy rigth now. Look at the charts.
Lol never mind bitcoin, digibyte is way better
Jack Starling DGB is good but its not even close to Litecoin for example.
DGB transacts faster than LTC. =)
Its better than all the top cryptos, but to be honest marketing is needed badly. Just look at what Roger Ver is doing with BCH, he is helping to push it out to the masses
Digibyte has quicker transactions. It's transaction fees are tiny in comparison to litecoin. It is more secure and more decentralized. Do some research people.
Dgb is not a currency its a platform thats why it will never be better then btc
I like crapcoin. I also like turdcoin.
Believe CNBC. 😂
Thom Lee is the worst. Its like following Gartman.
Sorry if I sound too bias towards XRP but that’s the only digital asset with real utility out there, other 99% are securities or just fun tokens.
Yeah you clearly uneducated then if you think xrp is only useful crypto. Get your knowledge up and diversify your portfolio
Time Traveler problem is ripple isn't a decentralized crypto.
Actually Ripple the tech is great but the coin is useless and pure speculation...
XVG is much better
Ripple company is for sending fiat money all over the world (without using crypto)
Ripple XRP is for.. yeah ahm .. *nothing*
I'm starting to think it's just the nature of this commodity to have a small period within a year where the price sees brief explosive growth before crashing for the rest of the year. And it just continues this cycle year over year. Sometimes it reaches new peaks in valuation before coming tumbling down once more. Like the stock market but with extremely short crashing intervals.
Tom Lee ... ridiculous guys who just gonna try to pump His bags