Fundstrat's Tom Lee Makes His Case For HODL-ing On To Bitcoin | CNBC

[@shaneskull820]

I'm a developer in the crypto space. It's really simple to understand what's happening. Too many people bought into the hype and over-extended themselves before the tech was ready, now their bailing out in droves. Oddly enough, between June to December their is a long list of tech being released in the space that will live up to many of the promises of the previous hype. Nations, banks and the most savvy tech leaders see it coming, that's why they have increased their involvement and changed their tune to a positive message. The technical obstacles preventing mainstream adoption are very minimal when looking at the problem from a one or two year time frame. Workable solutions have been proposed, many have been prototyped out, and some are already scheduled for release in the coming months.

[@dariobotkuljak9673]

Shane Skull feel free to share some of those updates, I would be very thankful

[@BitcoinArcade]

Nailed It!

[@smb2265]

Great response Shane..thanks for giving us this information

[@shaneskull820]

Like most emerging tech industries, the updates are all over the place. EOS launches June 1st with a solution to smart contract scaling and other features that will, in my opinion, bring the most mainstream-like blockchain apps to the public. Devs in the crypto space are divided on EOS because their algorithm uses twenty one delegated block producers (voted in by the EOS token holders) instead of a traditional proof-of-work model. ETH has multiple solutions in the works such as Plasma, Raiden, Sharding, Polka-Dot and more. These will roll out over the course of 4-12 months. Cardano offers a long term bet (2019) with published papers, peer review and math proofs used as the foundation of their smart contract tech. NEO has second-layer tech in the works along with fundamental updates that will increase transaction speed and increase scaling further this year. They also just demonstrated converter tech that allows NEO to swap with ETH. Sidechain platforms are nearing completion with turnkey side chains available within the next 4-8 months for Ardor, Lisk and others. Blockchain interoperability is being tackled by Aion, ARK and more with prototypes already available for testing in some cases. There are about 20+ other significant tech releases slated this year that I would love to discuss but I don't want this post to become a novel. Despite the bear market, the space is a hotbed of innovation right now with a thousand things being developed at once. There is so much that I can't keep up, it reminds me of the early days of the Internet.

[@iansiebert]

Not to mention decentralized exchanges with atomic swaps like altcoin io.

[@NavShay]

Be greedy when everyone is fearful, be fearful when everyone is greedy. That’s why 1% makes more money than 90%

[@BitcoinArcade]

Hmm.... everyone is freaking out right now....

[@EltonL]

litterally all my friends and family ether don't care about crypto or think its a fad lol

[@JamesCamaro1]

Warren Buffett said that, "have fear where there is greed and have greed where there is fear"

[@dereidgenosse7273]

That 1% is now even richer

[@smb2265]

Thanks for bringing him on again guys...not because he's always bullish, but because he has the pulse of the market nailed, and will be a good resource in the future to know what the structure of the market is at any given point

[@BitcoinArcade]

HODL! The rise of decentralization is coming!

[@dimitrisanchez2438]

Always do the opposite of media tells you

[@Doe7251]

Dimitri Sanchez good move don't trust any of these snakes

[@cuetheplanesound8110]

Exactly!

[@ericp1139]

Buying low; selling high is never as easy as it sounds. If it were, then everyone would have Lambos. Late comers regretted not getting in before 10K, and now that it’s here, they are too afraid to get in. And that’s why the big shots always win, because they can set aside that emotion and eat all the weak hands:

[@drivewaymarvels311]

Hahaa right right. When btc was last 8k everyone had a party, now we its the end of it all.

[@barrettl2473]

The very mechanics of a market do not allow everyone to buy low and sell high. Even with something as parabolic as btc.

[@Mr4thetruth]

Absolutely spot analysis. Emotions are no good in this game. All newbies came onboard way too late last year because of FOMO and they hit the dust, whilst the pro traders and whales reaped the profits. Blockchain, Bitcoin, crypto are here to stay, there's money to be made if you can keep your head whilst others are panicking.

[@maptosuccess5458]

Eric P I'd more get a spaceship to the moon 🚀🚀🌙 Lambos are so overrated these days and stereo typical, I'm not even a fan!!

[@bnmbg731]

Ah i bought in at 2700 last July so I dont really care about this bear market ha

[@tomtom-ec6tb]

Simple buy bitcoin and good quality projects and the growth will come by end of year.

[@ZidaneSteiner]

No one has a crystal ball, but mathematically the markets can't continually go down forever. There will be a point when the sellers dry up and the bid/ask prices get out of control again. The current value for the store of value market i.e. gold, art, cars and other collectibles is hundreds of trillions of dollars. If Bitcoin just captures 1% of the store of value market we are looking at a $150k per Bitcoin. If Millenials keep doing what they are doing and preferring cryptos to gold and putting 10% savings into cryptos. Bitcoin becomes 10 million per coin in less than 20 years. Sounds unlikely and crazy, but that's technically what's possible.

[@epicpurevids]

forks can create new forms of btc.. thousands of coins... create new coins whenever people want.... can you create new elements in nature and fork them whenever you want lol? yes bitcoins cool but price can only get so high before demand diminishes... then when people dont wanna buy it anymore holders realize its basically useless and panic dump on each other. idk im just not really getting it, i tried using bitcoin and it was a miserable experience for real world use anyways... and store of value? nah im good, id rather have a stable store of value then have to wake up worried everyday looking to see if my wealth is up or down 5-30% lol ill pass.

[@hoastbeef1202]

Goldman Sachs wouldn't have bought the crypto currency exchange Poloniex if they didn't think crypto's and Bitcoin are the future. Keep perpetrating FUD. All you are doing is forcing out the week hands and keep giving us sales. It's like Christmas every couple of months. YAY!

[@LAONDA409]

Thank you

[@turbodood79]

hoastbeef easier said than done

[@full__tilt]

Bitcoin's market cap will be worth more than gold market cap when it gets to 400k. Gold bugs won't be laughing then. HODL my friends

[@BitcoinArcade]

Indeed!

[@paper8nintendo]

jokes on you I hodl both btc and gold

[@fidlaf1]

HODL. kzbin.info/www/bejne/gIu8i6KHhpt_gLM

[@wizlie2376]

Good luck my friend.. What price did u buys yours.. And 400k aint gonna happend maybe 400 without the "K"

[@full__tilt]

Louis Linardo My average price is 12k. Say it was 12.4k and it could go down to 400 but it could also be 412k, so it could be either -12k or +400k. Wouldn't you say that's good odds?

[@jsea8987]

Let us see what they say when the stock market continues its slide. The history books will come to show ALL markets right now are extremely volatile.

[@armourofgod6310]

noooooo my friend, ALL markets are MANIPULATED

[@obiesario6915]

Great Tom Lee

[@travisboykins8124]

First of all buying bitcoin is compared to the equities trade , the fundamental rule is you only put in what you can afford to lose, and go long term and use stop losses to basically control your money

[@Mr4thetruth]

Good advice. :)

[@BitcoinArcade]

Nailed It!

[@MaxsCognacReview]

Funny thing... tom just looks like he crapped his pants

[@hardcoregamingbrothers2237]

i know bitcoin when it was 1k got in when it was 5k when it reached more than 10k all of my friends started talking about it but when it crashed no one talked about it when it has another bull run i think these people who talked will invest in it thats how it goes i guess i dont know the future of bitcoin but i use it to send money to my brother who lives in other country no wiretransfer!

[@jonnyfranco7]

HODL GANG HODL GANG HODL GANG. My b*txh love do coc@!ne.

[@fidlaf1]

jonathan franco + That is right. kzbin.info/www/bejne/gIu8i6KHhpt_gLM

[@jonnyfranco7]

Fid LaF 😭😭😭

[@bh1935]

Bitcoin has a future because illegal drug use has a future. It’s like torrenting. Was in 2011 complex and only for geeks but will become easier use... atleast this the case I make

[@wolfcoin4046]

When there is blood on the streets, you buy and you HODL. When there is greed on the streets, you sell and you laugh.

[@yaknow05]

wow. finally an anchor with good questions, and i am talking about the woman, since i dont know any of the people on this show. bravo!

[@martydegarmo252]

This guy knows his stuff!

[@tprogressasap8798]

Transaction fees are below 1$. I Live in Southkorea, every bakery takes bitcoin.

[@Zimba9810]

time to abandon ship when mainstream tells you to buy and hold

[@PNWCoastGuy]

What? That's the whole basis for holding Bitcoin and why it has value is because of past history? You can substitute "tulip bulbs" for Bitcoin and get the same result. The panel was too polite to laugh at his reasoning.

[@starlitopensky1]

Lindsey Williams' data about cryptocurrencies is wrong.

[@salmanvdc]

Where can we see the bitcoin misery index in real time?

[@N8DZN]

CAN WE HAVE AMOMENT OF SILENCE FOR PEOPLE WHO BOUGHT AT $20K SADLY FOR ME WAS $100 AT 15K AND $500 AT 11K

[@N8DZN]

RichardADastardly yeah why would I sell it

[@NewZeroGames]

Those people doubled their money now

[@EnzoAllen-o9e]

Thanks for the analysis! 🔍 I wanted to ask something unrelated: 🤔 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏

[@justinskaggs9751]

Seeing these CNBC people say Hodl is such cringe

[@cryptocurrencywithadulechr5886]

Great content Tom - Thanks.

[@TheChrist559]

Keep calm!?

[@imherenow87]

Tom Lee sounded like he was cowering - in front of these guys

[@apleased]

Holding On to Dear Lifeing!!!!

[@michaelgreen8191]

Thanks for the video.

[@jaydee177]

Buy Bitcoin. And HODL.

[@80sruler]

Tom also predicted the S&P would be negative last year and he was, 25% wrong - so he’s pleasant - but no sage - if he were, he’d be on vacation and not on CNBC

[@poisonrationality1213]

IF ti was a simple as buy low sell high - everyone would be doing the same, and nothing would ever move. Right now it is stagnant for this reason - too few players all waiting for someone to make the first big buying move/selling move - everyone figuring whoever moves first loses... Once adoption starts and a flood of new buyers come in ready to play, it will move again. This will be once tech is in place to actually use some of it.

[@mukakaka]

Mooooooooooooooooooon!!!!!

[@cuetheplanesound8110]

Keep it coming. There has been an awakening, have you felt it?

[@Norealcontent]

To say history doesn't repeat itself is like saying the evolution of trade doesn't exist. We can all go back and forth on how news and speculation effects the day to day outcome of your favorite crypto. You would be lying to yourself if you said you didn't take news you've heard and smear it across your immediate community and created some sort of panic just for the simple pleasure of talking about it. We are in a revolution people and the medium of exchange is in its evolution. 20+ years ago when I was signing onto AOL for the first time, I thought my dad was really onto something. My dad was very good about staying on top of new technologies that would change the way we lived. He was on the forefront of voice command resident features that we so widely use today in our homes. He taught me how to build computers from nothing, tack welding, and the introduction of Email. He also showed me the value and what the future of the internet and computers have in store for us in the coming decades. Bottom line is, since inception of bitcoin in 2009, We have seen the finance industry slowly shift into the unknown possibilities of wealth. Not for the top 1%, not for the other top 49%, but for the bottom 50%. We have slowly grown to understand that we can take 3rd world countries and bring them up to par with the rest of the worlds economy. While taking 1st world countries and taking them down a peg or two bringing them to reality showing them that the people matter. Most importantly we've come to understand that we don't need banks to tell us what we can or can not do with the money that we broke our backs for. I'm not sure if you knew this, but income taxes were a series of bills passed during WW2 to allocate funds to support war and was to cease after the war was over. This was obviously too good of a business to just cease operation and that is why you still have taxation on income to this day. Pretty much its illegal and the contract ended over 70 years ago. So to me its no surprise we are here today attempting to take back what is rightfully ours, MONEY. The charts don't lie, the revolution of technology doesn't lie, nor does the evolution of exchange lie. Governments are slowly losing control of their financial future and they are seriously scared of LOSING. In 2009 began the single most important event to date in the financial sector and its HUGE, for you and I. By buying bitcoin and alt coins you are securing the future of the technology and the demise of whats been holding the world back from its true potential which would be government. We still need government obviously because people are too stupid to control themselves, but they don't need to dip their hands in our honey pot anymore, nor do they need to know where we are spreading our honey. Stop worrying about what Bitcoin and Alt coins day to day prices and divert your focus on what Bitcoin has done for us so far. Where it came from, the inception, the jobs it has created, and the wealth it has created for the average Joe. Blockchain is here to stay, and the currencies that follow are just beginning. Will the cake holder in your portfolio be in the top 100 in 10 years? Probably not, but there is one thing you can be sure of. Blockchain will be here and there is never a late opportunity to make your future great!. Blockchain is the revolution, Bitcoin is the evolution.

[@b0bbymoon452]

good luck my poor Tom

[@justmythoughts2786]

I'm hodling baby

[@ak81]

The huge gains were simply due to non regulation. Full stop.

[@obsinity]

HODL ON AND LOSE 10% more in a day. Listen to this guy if you want to be homeless.

[@NewZeroGames]

You should have listened to him 😂 Bitcoin at 40k now

[@barrettl2473]

Nobody is thinking about the real traders in the world, the unemotional. They are watching these price moves and getting more and more interested. Yes its a rough patch, but anyone that has trading ambition and sees an extremely liquid asset having 1000% up years or dropping 40% in a week... that is opportunity for massive profits for traders than can capture it... even more so it will attract a shitton of wishful traders that will try to capture it... as long as bitcoin is secure, which it is, volatility just grows the pool of interest.

[@BitcoinArcade]

Yup!

[@80sruler]

Meh - he’s long so he’s got no choice. If you bought at 15,000 - why are you still holding ? If you bought it at $200 - keep holding. My guess is we break the last low then buyers maybe come back

[@cmisita]

Love Tom Lee!

[@nvanguy6868]

This guy said bitcoin was heading to 100k during all the hype LOL

[@nidavelliir]

Nice gambling m8

[@evcorchado]

HODL XRP!

[@wizlie2376]

LoL.. U dont sound so confident..

[@jonathanandrew2909]

this guy's bitcoin portfolio is probably deep in the red!

[@wizlie2376]

Jonathan Andrew yea the bulls just will try talking up the asset.. But this body languge preety much he himself doubt what he just said

[@b0bbymoon452]

probably that's the end of his career/fund haha

[@k47ben]

HE IS SATOSHI!

[@mbeliv3763]

IOTA >>>>THE FUTUR

[@rebeccagemguurl1773]

Chung Li reporting with E-Honda Real OG's know what i'm talking about Can i get a whoop whoop

[@starlitopensky1]

New one to get: iscamyoucoin Another: backbynothingcoin

[@andresjimenez3811]

Haha stay calm and watch your life saving go to ZERO.

[@BitcoinBrooks]

if you didn't believe in it you would't be here posting

[@JamesBrown-wy7xs]

The only things worth saving in life are your sanity, your loved ones and your values. Don't put more in than you can afford to lose in order to not fail at saving the former (loved ones), but, don't be a fool, either. For most of our post-civilization existence, our personal "societal value" (what our work and being is worth in terms of what resources it safely grants us access to) has been manipulated by the central authorities who control the money supply and enforce it's "value" with their military might. Don't get me wrong, society has many, many perks, one of which is that it allows for better organization and cooperation when it comes to advancing technology, education, etc. But one glaring problem with it has always been the "commoner's" dependence on the ruling class when it comes to determining their net worth. It's as easy as moving a few sliders around in the banking's computer system to manipulate your net worth one way or another. Money shouldn't be centrally controlled by only a few men, that much should be clear by now, if not self-evident. Bitcoin aims to solve that problem. This is truly a revolutionary undertaking.

[@NewZeroGames]

This didn't age well

[@crypto6800]

Drink the cool aid. Obey. 8 Track was awesome. Go all in on Blockbuster Video and go down with the ship.

[@entropyfu]

sodling

[@mrbale1815]

let the weak people give up

[@danielslavin00]

Hodl

[@_Cryptotruth_]

So few people understand BTC. Even the bullish. These are sit back in an easy chair, pop some popcorn & enjoy the show moments. Cryptocurrency is the future of $. Period! A generation from now, it will be like the smart phone. Understanding it & the learning curve to operate on chain in a safe & secure manner is the challenge at this stage of its adoption. That’s why there are so few of us (true cryptocurrency millionaires aiming at billions). We are the Morgan Stanley’s of the future (with a positive twist). But solutions for the masses are happening at a geometric pace. As they are implemented, so will adoption. The real story is what is happening in the war between centralized & decentralized ecosystems. Watch what happens in 2023. We’re still on the leading edge of this revolution! I’m just sayin..

[@UberGameMasters]

SELL! SELL! SELL! 😱 -UGM😈

[@Atari-2600]

Bitcoin now, and alt project VeChain - between the both of these (Bitcoin - store of value; VeChain - upcoming real world use) you will set yourself up for life with a modest investment.

[@K20TypeR]

retrogamer LTC too

[@jonathanandrew2909]

"upcoming real world use"... where have i heard this before? oh, yeah, that's what they were saying about bitcoin, but never happened though.

[@gangplank1720]

people will doubt blockchain the same way they doubted the internet .. im sure theyll be buying back at 17 k again.. noobs

[@mberoakoko24]

lol, I want more pain so that I can buy lower

[@blanket1309]

Snake oil salesman. He needs to disclose to the penny how much BC he holds. How much is he buying and selling.

[@starlitopensky1]

"A real store of value"... - this Asian guy is bullshitting and he knows it.

[@NoName-rl3fh]

Seeing this panel of no-nothings squirm and get silent because someone who knows more about a space they are forced to talk about on the daily that isn't an internet nutjob is entertaining at least. Also who wears a pony tail on the back of a bald head? I wouldn't take his advice on anything.

[@Verdelufe]

Tom Lee very humble very eloquent but missed the point that bitcoin is a flop, no good as currency and no good to store value, what is bitcoin good for ?

[@samjones3106]

Hodlers remind me of the people on the titanic who didnt want to get in the life boats at first.

[@fidlaf1]

HODL, HODL kzbin.info/www/bejne/gIu8i6KHhpt_gLM

[@starlitopensky1]

All cryptocurrencies will become extinct.

[@NewZeroGames]

How's that going?

[@sauce89124]

This is joke at this point. Sell. Stop listening to shills.

[@pedrosoares7273]

this

[@Tackleqb]

Yea sell low and buy high. Perfect logic

[@gabrielpapi1]

Please, sell them all. We're eager to buy at a discount

[@sauce89124]

Tackleqb I don't think you realize what your seeing is not normal...

[@albertosaucedo5399]

Sup

[@Doe7251]

I'm gonna listen to Tom and sell my house and put my life savings in Bitcoin Becouse I have faith in a unpredictable and vunrabel market alll innnn

[@anime9228videos]

So youre trading based off nothing but lines sooooo a penny stock...thats $7000 lol im good..

[@anime9228videos]

The Uberman correct $6999.01 away but it still trades EXACTLY like a penny stock. Weak confusing fundamentals that no one really understands but pretends to understand. Just follow the lines.

[@V_M_P28]

Youre welcome to pump our money when btc is over 20k again, maybe then u will be interested.

[@drivewaymarvels311]

NOT A BITCOIN HOLDER^

[@ZidaneSteiner]

anime9228videos weak fundamentals? Sorry, I can't remember the last time I was able to send money cross borders, with no intermediary in a trustless decentralized way.

[@blahblah8372]

Basically, I interpreted what you said as "I'll come back to bitcoin at 50k."

[@Mostafa-rq9rm]

Cryptos are in a constant state of dilution. Everyday more and more cryptos are being created. This is what's keeping me from getting involved.

[@K20TypeR]

Norm Kid unless you stay with the established well supported coins such as BTC and LTC. They’re not going anywhere. Here to stay

[@jonathanandrew2909]

@tanveer akbar... i hope you enjoy losing money because they're all going to zero. didn't you notice once wall street started trading bitcoin futures the price has done nothing but go down? i'm sure that's just a coincidence however.

[@ZidaneSteiner]

It's impossible to go to zero, you should learn about the markets before spouting ignorant comments.

[@JamesBrown-wy7xs]

Jonathan Andrew There are other significant factors that are likely contributing to the recent price decline in bitcoin and the overall crypto space. Here are just a few: 1.) the broader investment markets are becoming very volatile of late and have been losing a lot of dollar value over the last couple of months. You can see this by looking at a stock market index like the S&P 500 or NASDAQ. This is likely to create a bit of uncertainty with investors which, in one's estimation, doesn't make it too much of a stretch to conclude that a broader and broader amount of potential investors in any asset (stock or crypto or what-have-you) are becoming a bit more hesitant to pull the trigger. 2.) the recent ramping up of governmental agencies in the US and other first world nations to regulate crypto and refine taxation laws to include specifically crypto related profits. There are still questions in the air about where this will all end up and a lack of clarity when it comes to how to legally deal with crypto...which brings me to my last point. 3.) we are nearing the end of tax season in the US. The deadline for tax payments in the US is April 17. You and I both know that many US citizens made a killing on crypto in 2017. Well, now they're left with the task of reporting all those gains, or risk breaking the law and perhaps facing harsh penalties, not excluding prison time. With the general lack of clarity around tax laws, as it pertains to crypto profits, this is a very stressful time for many who made big gains on crypto last year, to put it very mildly. My feeling is that #3 is the biggest force in the crypto market right now and I predict that we'll see a re-surge of volume after April 17, probably before the start of May. It would also make sense for the big players (institutional money/ hedge funds) to accumulate the assets before the retail money ramps up again. In fact, it would make sense to add to the selling pressure in order to get cheaper prices before the organic buying pressure builds up again within the broader market. That way they maximize profits when the next wave hits.

[@dontdoitbro5495]

just because something has done something in the past that doesn't make it a bull reason to hold on to something. This is the stupidest analysis i have ever seen. Lets see what he says when bitcoin is under 4k and he has to say "well the story changed blah blah blah" then we will forget he ever talked about history and chart pattern bullcrap

[@erikisbaum]

Haha, im gonna remember this comment and come back to it after the bull run. Do you even understand the basis behind the technology?

[@subrotoxing8214]

i remember when btc first dipped from 80 to 30 and people said exactly this. then btc dipped from 1000 to 400 overnight people also said exatcly this. now this five00 dude is singing the same ole song again. he will come back when bitcoin dips from 200,000 to 90,000.

[@aa888zz]

When bitcoin hits under 4k, Tom Lee is going to say to buy as much bitcoin as possible. I am actually hoping for it to go under 4k. It will be the buy of the century.

[@DavidAxelrodP]

five00pagesaday agreed

[@joep5347]

Please don't make these choices on emotions because you missed out. Most people like you don't understand the capability of things bitcoin and the blockchain can do.

[@truck4abuck364]

Sorry, but I can't allow myself to buy air. Look me up when it's government backed

[@adamwolverhampton4976]

First, I don't hold any Bitcoin, none. However the whole purpose of bitcoin (and it's value) is that it is NOT Government backed. It is a decentralised asset. So early adopters have invested in it, BECAUSE it's not government backed. If it ever was government backed (which isn't possible and doesn't make sense) then it will be truly worthless. It's a bit like saying in 2002 I'm not buying google shares, look me up when the internet is shut down.

[@bmsa3083]

The cash in your pocket is air as well You have not realised it yet

[@K20TypeR]

This goes against the entire point of a decentralised currency! Your comment proves the ignorance of the masses and FUD spreaders

[@samuelalonge4896]

Still not buying "air"? It is now at 63000