Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Tom Lee’s Latest Flop
There are a number of characters that get worldwide media publicity because, many years ago, they made a good prediction or two. Cathie D. Lee is one of them. The other, whom I truly detest, is Tom Lee of Fundstrat. What bothers me more than his foppish, effeminate mannerisms is the fact that he’s always pushing crypto and making completely outlandish predictions, such as projecting that Bitcoin will be worth $2 million to $3 million per coin eventually. What a bunch of nonsensical horseshit.
Crypto Crushed
In spite of the best efforts of the empty-headed grifter Eric Trump, the entire crypto industry is slowly crumbling around us. At the top of the heap is Bitcoin, whose performance versus precious metals has been nothing short of laughable and pathetic:
MSTR Trade Plan (by Xerxes)
These are interesting days we are living in, there is no doubt about it. The TACO trade has come and gone for this week. While I can’t say how the overall market will take this (it’s been saved from a plunge in the current week, but still chopping near important zones), I can say that it had little impact on my bearish outlook for BTC and MSTR. There is not too much new information on the fundamentals of my trade (BTC weak, MSTR weaker), I wanted to provide my trade plan on how I am approaching this since I am jumping back in short after getting shaken out.
Opening the Closet Door
Over the past two years (roughly from early 2024 onward), financial analyst Tom Lee of Fundstrat has issued several optimistic Bitcoin price predictions that significantly overshot actual market performance. Below, I’ve compiled some of his most notable misses, focusing on targets he set for 2024 and 2025, along with what actually happened to Bitcoin’s price based on reported data. These are drawn from public statements and interviews he made during this period.
(more…)