Crypto Predictions That May Ruin Your Life
We learned about South Korea's martial law, and the market experienced an immediate sharp drop, but it has since recovered.
Hive followed with some insane volumes and a decline on Upbit, but it is all recovered now, but I was wondering what would have happened if this had lasted a few days and caused some FUD, a few selloffs, and, you know, some more instabilities.
These situations will fuel more FUD predictions, and those waiting for positive sentiments to enter the market will be stalled. I do not believe we had these sentiments in 2020. In reality, if COVID occurred now, just a few months before the actual bull run year, I am sure the predictions would have been that crypto was over.
Does Time Equal Experience?
Perhaps the more cycles we have, the more bearish, bullish, or experienced we will become. Perhaps the more cycles we have, the more bearish, bullish, or experienced we will become. I believe that the influx of people into crypto with each cycle will exacerbate bearish sentiment.
People who called crypto a scam when LUNA crashed are back in the game, looking for the best x100; these same people are likely to return in 2027 to call crypto a scam once more. So why is it that they've experienced a cycle and how the market works and still terms crypto a scam?
Why can not we say that with their years of experience, they are likely to recognize that this cycle is a phase that will eventually pass? It is a complicated issue, but I believe it boils down to giving in to emotion rather than allowing experience to take center stage.
You would think that different market cycles would teach important lessons and produce mature holders, but unfortunately, this is not the case for the wilder populations. I am not saying there are not people who have learned lessons, gained experience, and become better; I am just saying that a lot of others do not usually learn, and it is probably difficult to be in the game for far too long if you want to learn and improve.
Instead, you have a larger population of people who are FUDish at every slight dip and bullish at every minor pump without understanding the principles underlying these price movements.
In reality, I understand that 2022 tested many people. It was not easy losing money to a bad player like Sam Bankman Fried, but he is one of those unavoidable bad players in the crypto market.
Crypto is a stinking wealth industry, and bad people will always want to take advantage, just as in the real world, charity organizations can be exploited to become sophisticated money laundering operations.
For example, I believe we will see a bigger catalyst in 2027, such as Binance failing or something major happening that will lead us to believe crypto is over. These catalysts are only going to get worse with each crypto cycle. Sentiments without understanding how things work will only make you a passerby, with no chance of ever being affected by crypto.
For instance, during this cycle, I have discovered that different sentiment can dumped or pump prices.
We have seen how crypto reacted to Trump's election victory, as well as how wars in the Middle East, Fed rate hikes, and other factors can create a somber mood in the market. It is been a crazy cycle in which the mooning of BTC alone for a long time led a few people to believe that there would be no alt season, and only recently has the sentiment begun to change due to alt movements.
I mean, it is amazing how people can go from here to there. With just one green screen, these guys are bullish; there are no fundamentals or principles, only the tides of the cycle to guide them.
In Conclusion
There will be a lot of predictions in the future, which will cause you to lose focus. If you're one person who is always whoring after crypto when the market is green, I'm afraid you'll never learn and that's it.
For me, I do not trust "predictions" except for the overall and realistic analysis of those who have actual experience in the game, and I believe you should do the same.
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I'm with you all the way on this one. Never trust predictions but they're almost always wrong. There will always be scammers, but hopefully people learned not to leave their funds on exchanges rather than holding on to them. However, people forget all too quickly in my experience... There is a lot of FOMO out there and any dip causes FUD in the newbies to crypto.
In the end as a wise man once said, it is what it is... Hopefully it will treat us right this time around!
I've seen a lot of FUDish predictions lately especially folks here. However I get it, the DHF is bleeding Hive and they think we can't get past 50 cents or one dollar because of this. I've seen a lot of terrible predictions so far and I'm really not looking at that. I think most of them have stems from not really understand how the market works, but as long as we're here, we'd see how it pans out.
It's hard to know what would work and I agree that crypto is an industry where a lot of money will be moving around in. You can make money but it's going to be hard as losing money is also quite easy.
The South Korea situation was kind of crazy and it was pretty much resolved all over night. I wouldn't be surprised if a bunch of people just slept through it and the aftereffects just happened after people realized it.
Yeah, I agree that many people didn't even witness the aftereffect of the Korean stuff. It was crazy how the market just dumped in that manner, glad we didn't even see too much of the effect
I made a very foolish decision last month because I listened to crypto predictions, am still regretting till this moment.
I don't think I'd ever listen to any crypto predictions again except from a crypto expert.
Don't worry, these things happen and you never could have predicted it would. If you need to do some investing, just do some research and also ask questions too. I think you'll get it right with time and experience
Time alone I think is not equal to experience, rather going for knowledge and implementation of the knowledge with time is the best mathematics for experience.
Yes indeed, that was spot on
Markets are often driven by emotions and the latest news or rumors, rather than fundamentals. However, smart money often buys when they see something beyond that or at a great discount, and then they create news, events and emotions so others will pump their bags.