Don’t Believe The Bitcoin Bears, Says Fundstrat’s Tom Lee

[@CuddleStories]

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.

[@herovillevlogs9044]

Yousuf Joyian Scam like your comment.

[@wethepeople4432]

kzbin.info/www/bejne/b5LYY52lbduWppY

[@nipponese]

Yet it is bizarre that everyone in financial journalist is suddenly an expert on one-way hashing algos.

[@stevefrank5595]

Y J info

[@chrisryan0]

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.

[@ThinkingCrypto]

HODL people! The market will rise again, a lot of institutional money is about to come into the market. Be patient!

[@ThinkingCrypto]

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

[@nomnomm2322]

Thinking Crypto buying some more

[@MHollywood5]

They are already in noob. You reading the "news" is you being behind lol.

[@davidotero5522]

yes hodl so the big boys can cash out, the greater fool theory

[@rabiealkamouchi2685]

Only bulchit fiat the winner hodl you fiat and go to holleday

[@pepsico815]

If you don't buy Bitcoin now you'll regret it for the rest of your life.

[@timekiller6163]

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

[@hoastbeef1202]

dam Tom Lee wont give up!!! love it!!! if hes not the most bullish man on BTC, i dont know who is!!!

[@RH0703]

I do not believe in bitcoin now.

[@carlossalinas8808]

nobody does well only idiots

[@hanzoverlord6720]

@@carlossalinas8808 ha lol

[@lb4082]

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!!

[@garrettslay4544]

I agree totally! Put 99% my $$'s in BTC. Started buying a little silver today with whats 's left.

[@lb4082]

Garrett Slay cheers!! I'm literally getting Capital together right now in case of 4K :)

[@garrettslay4544]

Do you mean if BTC goes to $4K, ?

[@carlossalinas8808]

less than 3k in september

[@garrettslay4544]

Don't believe that, but, if it happens I'll buy 2 more.

[@dfv671]

Tom Lee is no bitcoin guru, don't listen to him.

[@AdrianChilders]

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.

[@eddygarza05]

Just let it die off already

[@NavShay]

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...

[@WILLIAMMosqueda-f6n]

The technology behind Web3 Infinity Token fascinates me. It might herald in a revolution.

[@LateNightCrypto]

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.

[@4Jinch]

Sell that crap! Buy silver

[@SurvivingAnotherDay]

mikael englund bro

[@elliotparkes783]

why does anyone listen to this guy? literally all have his calls have been wrong the past few months

[@sputknic]

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.

[@peterfarmer7768]

why is it a dead end ?i know thats because u cant see past your shoe laces

[@MHollywood5]

Pretty useless at being that also

[@FellowWorldCitizen]

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!

[@lb4082]

If you think that the banks are honest, and the government has your best interest in mind, then there is NO point to Bitcoin.

[@garrettslay4544]

I buy and sell BTC on GDAX for NO fees. Check it out.

[@LoyMachedo]

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?

[@V_M_P28]

By the looks of my wallet, its growing pretty fast. Dont miss the boat this year and u wont be as mad.

[@ZidaneSteiner]

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.

[@maltatravel]

BITCOIN

[@maltatravel]

bitcoin 2013 $1000... bitcoin 2017 $20,000 that was x20... bitcoin dec 2021 its $400,000 and thats another x20... :)

[@Hoshimoto101]

Keep your freshly printed, Quantitative Eased Fiat, Loy :)

[@spicydavid2005]

Buy dogecoin

[@IDwithMe]

whats funny?

[@gabrielmaccallum5742]

spicydavid2005 i

[@Angel_EU34]

It's the safest investment out there because no matter what 1 doge = 1 doge

[@Tunebox29294]

spicydavid2005 who needs dogecoin when u have centra

[@hanzoverlord6720]

@spicydavid2005 you a millionaire rn?

[@epicpurevids]

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.

[@wealthtrekkers]

BTC will turn just give a bit more time. This game is not for the inpatient

[@carlossalinas8808]

no is for the stupids jajaaja

[@wealthtrekkers]

Carlos Salinas so you bought in at 19k ?

[@jerseyjacket100]

Wait for everyone to start saying SELL SELL bitcoin, then is the time to buy.

[@rgaud8]

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.

[@kkryptokayden4653]

This retracements have happened 7 times in the past. It was expected so is the big push to new levels

[@amirjon]

My god he actually fully believes his own lies. Unbelievable.

[@five4threetoo1]

amirjon he doesnt, but he wants us to though

[@vambo13257]

amirjon you have no idea and will feel very foolish in a couple of years- book it!

[@17momo17]

Buy low and sell high

[@cryptobr236]

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!

[@timekiller6163]

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)

[@Tomas-qn5im]

Mining cost is not fixed and is way dumber indicator than Google trends

[@SmartOlja]

So, just how invested is this guy?

[@danmac0]

I would deny also if I was so deeply invested in Bitcoin..

[@sasukesuite1]

ETN baby :)

[@xrpfreak7881]

get out of here with your shitcoin

[@vanguardas9927]

I actually thought this shitcoin died already

[@sasukesuite1]

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.

[@juyhhkjitth9245]

DividedShark why? The tech has problems. It has a bad image. And its use case is useless.

[@wethepeople4432]

kzbin.info/www/bejne/b5LYY52lbduWppY

[@johnwayne2103]

Is it me or does this guy move his head like a South Park character?

[@frozenstrawbs]

the denial is strong

[@limjian7638]

... in this one

[@lb4082]

No denial here. Just cash ready for news lows :) I'll take it all!!

[@kkryptokayden4653]

Im throwing everything at these levels. Accumulation period

[@lb4082]

frozenstrawbs this was prior to the breakdown through the wedge as support. I would imagine that everyone's reevaluating the situation now

[@lb4082]

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

[@matthewbennett3729]

Lovin the bitcoin coverage CNBC.

[@john-hill]

Btc 1.99 by December

[@KingTurlte]

Care to put money where your mouth is? We can make a bet.

[@john-hill]

Jake Ve 🤔... I’m listening

[@KingTurlte]

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

[@hanzoverlord6720]

You alive?

[@john-hill]

@@hanzoverlord6720 hello

[@Marmullak_es]

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 🤔

[@Buddhistwords2289]

Don’t believe Bitcoin but must be believe your self Bitcoin never know you 💁

[@tanphan3395]

please let people know so they will lost money on hitbc

[@reloopaudio5355]

CNBC's pessimistic view is really obvious and silly

[@mrcooper1654]

Tom Lee is wrong most of the time

[@incyphe]

nope!

[@albertgerard4639]

bitconeeeeeeEEEEEeeeeect

[@greveeen]

Albert Gérard so funny new and original

[@vdvreregerreg1791]

waso waso waso

[@stevefrank5595]

Albert Gérard info

[@wootisit]

Everybody hopes to get bitcoin cheaper.. Won't happen

[@Cryptotrader1126]

If you understand you understand leave the rest of the world to rot more for us that know

[@family-ru]

Hmmm 🧐🤨🙈

[@panchishah7027]

institutions will make the whole crypto market cap fall and then they will buy... That the way to do it!

[@NeolitAlex]

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.

[@epicpurevids]

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.

[@philb9202]

I really like these segments that CNBC are doing

[@hsk8787]

Ye. Clearly he is unbias.. not.

[@JacoblBroughton]

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.

[@connorcunningham7449]

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.

[@carlossalinas8808]

more room to sink

[@connorcunningham7449]

Carlos Salinas I think it could still rise to the 12 to 15 range but overall yes it will

[@carlossalinas8808]

yep. maybe in another 10 years when dollar has depreciated at a half ;)

[@ChitlinsLaundry]

Tom Lee keeps it real. HODL!

[@louisgraveline3354]

Bitcoin is obsolete. EOS!!!

[@Jaesonlee1]

I stopped listening to this guy.. so many wrong predictions

[@areagulf1346]

Sell BTC and buy XRP before it is too late

[@MahdiKnicks]

Ripple is trash

[@areagulf1346]

may be you will regret saying that about XRP soon

[@hanzoverlord6720]

@@areagulf1346 🤡

[@Paktuagaming1000]

wil price of bitcin rise again?

[@satoshinakamoto1071]

Siaaaaaaaaaaaaaaaaaacooooooooooooooooooooooin!

[@hamlak8546]

Stoooooooooooooooooorrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrjj!

[@carlossalinas8808]

craaaaaaaaaaaaaaaaaaaaaaaap

[@satoshinakamoto1071]

Ham Lak One day you will wish to had some in this price...

[@satoshinakamoto1071]

Carlos Salinas Go find a job then... This is the only real working product.see you at the top

[@PandaCapitale]

Funfair will launch soon. One of about five real projects on the blockchain

[@carlossalinas8808]

pure craaaaaaaap

[@PandaCapitale]

why? there is only about 4 coins/tokens in the whole of crypto that has a real project. Why do you think its crap?

[@fueledbybitcoin9018]

My guy at the end knows what's up. I wouldn't be surprised to find out he's a HODLer

[@generaladmiral90]

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

[@cocofdez23]

If he is so bullish why did he sell his litecoins?

[@80sruler]

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

[@kgll5621]

nice

[@mosescool8087]

dont believe this guy and cnbc

[@DCUPtoejuice]

They love to use the most hyperbolic time frame, why not just say it is flat on the year, oh, doesn't make news.

[@gfm2913]

TA Channel: TexasWest Capital

[@j6873]

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.

[@ericp4573]

Hahahahaha this guy would still be bullish if bitcoin fell to $.001

[@elation0x]

Show is hard to watch. Tom Lee is great, but these hosts are old-money lap-dogs

[@malobs4836]

Bears are not wrong, bulls are not wrong either, market is always right. Don't forget that Tom :)

[@maritag.herrera4548]

An economist said Bitcoin price movement could be closely related to Google searches for the cryptocurrency, I don't really know how true that is.But i worked with a man called Joseph Civello he helped me achieve a lot from bitcoin trading and i am forever grateful to him

[@mjollorvarardottir4042]

please how do I get to him??, just got into btc after I heard about the rapid rise few days back

[@veliea5160]

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 :)

[@tbirdky]

Send me your money and I'll tell you how I got rich.

[@lb4082]

ascensionowl what the address??? Hurry!!

[@chrisrock4428]

Just tell me and if it works I'll send you money.

[@fruckstuck]

how to send you $.1?

[@suey6134]

bitcoin

[@metaspacecrownedbytime4579]

No one new what the word "fiat" was 10 years ago.

[@bhanusharma1673]

Just wait for winters...

[@Peterrogers1]

The Bull is coming don't know when but its coming.

[@arisrome8016]

Still with Bitcoin in the longhaul. Paving the road to 20K.. more bullish than ever..

[@hugodeanda]

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.

[@hanzoverlord6720]

Rn it’s around 38k$

[@jpnz]

It’s just a accumulation period

[@Ash091396]

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.

[@sh0cktim3]

Yeah you clearly uneducated then if you think xrp is only useful crypto. Get your knowledge up and diversify your portfolio

[@whoyatoya]

Time Traveler problem is ripple isn't a decentralized crypto.

[@Silverpricestodaystackers]

Actually Ripple the tech is great but the coin is useless and pure speculation...

[@Marenos1]

XVG is much better

[@featdoener]

Ripple company is for sending fiat money all over the world (without using crypto) Ripple XRP is for.. yeah ahm .. *nothing*

[@yezzira1013]

Buy Oysyer Shell (SHL)!! Decentralized internet !!!!!! 🆙

[@JorgeOrpinel]

Guy is a muppet right?

[@kirstinstrand6292]

Mr Slick Buster himself.

[@growthebit-cryptocurrencye9366]

I love it! It really is out with the old with this CNBC channel. Blockchain and alt coins: it's only the beginning!

[@jackstarling1895]

Lol never mind bitcoin, digibyte is way better

[@criptoen1minuto693]

Jack Starling DGB is good but its not even close to Litecoin for example.

[@bakesabundant2028]

DGB transacts faster than LTC. =)

[@greveeen]

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

[@samuelkake4894]

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.

[@polopolo2185]

Dgb is not a currency its a platform thats why it will never be better then btc

[@Kuziai]

With the new leverage that comes to effect on August 1 2:1 good luck buying bitcoin noobs :)))

[@nyounis7987]

Kuziai what's coming to effect on August?

[@Kuziai]

New regulations because noobs like you lost a lot of money buying bitcoin

[@nyounis7987]

Kuziai what regulations though, they have been saying that for ages. Nah I'm not noob, been playing crypto for some time 😎

[@AthenaSaints]

I like crapcoin. I also like turdcoin.

[@velez612able]

Regulatory certainty will bring a tide of institutional investors that will dwarf the at the high of Dec. 2017. The issues of custodianship, liquidity, insurance, etc. that traditional institutions concern themselves with are being sorted out behind the scenes at a fast pace. The dam is about to break and Tom Lee knows it.

[@cryptoconversations388]

Love it...

[@orlandoalessandrini2505]

I don't believe animals but I do believe in numbers.

[@fedriconunez3564]

resistance is futile hehe

[@epoch707]

btc now at $11k

[@TheTraderGuy]

Thom Lee is the worst. Its like following Gartman.

[@jian658]

how low bitcoin go can make you think this is bears mkt , Now is lowest in 6 M

[@MMG008]

Regardless of asset class, CNBC commentary is at best, just noise.

[@89a1stakesauceban5]

I love these day to day bitcoin speculations. I'll comment on this video 5 years from now laughing when bitcoin is 250k

[@MahdiKnicks]

Dont listen to anyone on here... buy it back with me at 6,500 and hold it until Dec.

[@joysandy9659]

a very big exchange with a big market cap. if #HITBTC were not popular amng traders, nobody'd deal with it at all.

[@klaus7315]

He thinks Bitcoin is a great store of value like it is.....give me a break....

[@hanzoverlord6720]

It is

[@thebushhogguy]

I made $17K on Doge Coin 4 yeara ago! Lick!

[@indo3052]

Why did crypto kirby channel stop?

[@jasonwooshkuff8293]

buy the tip people! buy the dip!

[@nickw.7330]

omega lol I've been trying to buy bitcoin under 5k for months and I haven't gotten a fill.

[@radcow]

The searches have fallen because last year every man and his dog Googled Bitcoin when there was massive bull market

[@omniversosindios7953]

Buy Nano XRB!

[@Nailson-xm2nf]

OmniversoSinDios Iota.

[@cal31BRIAN23]

why?

[@MusicGameFinatic999]

Love the coin and idea behind it, but sadly right now does not seem like a great time to buy

[@cal31BRIAN23]

Why ? Wait till the price of something booms before buying it ? Smart.

[@omniversosindios7953]

it´s the best time to buy rigth now. Look at the charts.