Tom Lee Says Bitcoin Bears are Wrong About Three Things

tom lee says bitcoin bears are wrong about three things

According to Tom Lee, Bears aren’t accurately reading declining volume, tumbling Google search trends and prospects for the price crash. Indeed, Fundstrat’s Tom Lee believes Bitcoin is offering a strong buying opportunity for long-term investors, as he expects the largest coin to trade around $25K by the end of the year. Bears emphasize that a decline in Bitcoin searches in Google is an indication of a lack of trader interest in digital coins. Bitcoin searches dipped almost 75% since the start of this year. Tom Lee, on the other hand,…

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Tom Lee Explains Why Consensus 2018 Didn’t Boost BTC Prices

tom lee explains why consensus 2018 didnt boost btc prices

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry. Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior. One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he…

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Tom Lee Bitcoin Price Prediction Fail – Bitcoin Is Not Rallying As Expected

tom lee bitcoin price prediction fail bitcoin is not rallying as expected

Bitcoin shows no growth: Bitcoin Price (BTC) hasn’t moved higher despite the Consensus Summit: Bitcoin price trades in the range of $8,300 today after briefly touching $8,800 level at the beginning of the week. The largest coin has posted losses in last two consecutive days. This downside move is contrary to analyst’s predictions who were expecting a strong rally amid the New York consensus summit. Indeed, Tom Lee – who has predicted Bitcoin price to reach $25K by the end of this year – failed to predict the price movement…

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Litecoin News: Charlie Lee Talks Blockchain Inefficiencies at Consensus 2018

litecoin news charlie lee talks blockchain inefficiencies at consensus 2018

Litecoin News: Litecoin (LTC) creator Charlie Lee sat down with CoinDesk at Consensus 2018 to talk CryptoKitties, blockchain inefficiencies, and money. Litecoin News: The Problem with Blockchain is… “Blockchains are inefficient by definition,” Lee stated. He explained that a decentralized system requires the replication of data, meaning that a whole bunch of computers have to keep track of all the data, rather than just one computer keeping track of it all. It requires a lot of extra work to keep things decentralized and this makes the decentralized systems less efficient…

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Tom Lee Predicts an Increase in BTC Prices After NY Consensus Summit

tom lee predicts an increase in btc prices after ny consensus summit

The rising popularity of bitcoin in recent days does not seem to be subsiding. According to Tom Lee, CEO of Fundstrat, Bitcoin could boost its bullish behavior thanks to the annual “Consensus Summit” conference. According to an article published by Bloomberg, an analysis conducted by the firm concluded that after each conference, confidence in the crypto market increases considerably. The NY Consensus Summit is an initiative of particular importance to the world of crypto money and blockchain technology companies. But beyond that, the event has made a name for itself,…

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Bitcoin Cash Price: Brian Kelly Believes in BCH, Tom Lee Considers it “Overbought”

bitcoin cash price brian kelly believes in bch tom lee considers it overbought

Bitcoin Cash Price: Bitcoin Cash (BCH), which was spun out from Bitcoin (BTC) last year is continuing to receive strong support from traders since it announced an improvement in its blockchain technology. The coin generated an impressive 100% gain during the latest bull-run, pushing its price to the highest level in three months at the beginning of this week. Bullish analysts bet on Bitcoin Cash price has also contributed significantly to the price upsurge. Brian Kelly, the cryptocurrency fund manager, showed his confidence on altcoins, particularly on Bitcoin Cash.  He…

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