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RE: Tom Lee - "Bitcoin will hit $25k by... 2022"
From predictions of 250,000 by 2020 to 25K by 2022. We've seen a lot of dialing back expectations (or is it talking down the market) in the last few weeks. 25K is a good two year return on $8500, but no Lambos here. And probably no need to just rush out and buy. Hope McAfee is collecting dick recipes.
Yep, I agree. Though I would tend to put a lot more stock in what Tom Lee says as opposed to Tim Draper. As long as these targets eventually hit, the time frame is less important to me. Well as long as it happens within the next few decades anyways. :)
My time frame is a bit shorter. I have quit my weekly buys. I could get a big surprise, as bitcoin tends to do that, but the action has been so lame with the exception of a few good days that I am finally back to just holding on the sidelines.
Understandable. From a momentum standpoint, the past few weeks have been pretty terrible. Every little pop is met with selling that ultimately makes a lower low. Need a catalyst to break out of this recent trend.