02-11-2021, 12:41 AM
When euphoria is high, take all price predictions with a pinch of salt
<!-- SC_OFF --><div class="md"><p>At the peak of the last bull cycle in January 2018, I bought ICX at $10.50 and Neo at $168 after reading very well written posts and bullish comments by people who seemed to know a lot more than me, explaining why ICX was going to $100 and Neo was going to $1000!</p> <p>Sounds crazy now right, but when euphoria is high those kind of predictions sound completely reasonable (some people would even bet their dicks on it) and they were all being upvoted. If you'd have said those coins were going to crash 95% (which is what happened) you probably would have been downvoted to oblivion.</p> <p>I actually think we're still a long way from the peak of this current cycle, but obviously I don't have a clue anymore than anyone else does (who saw the March 2020 crash coming?) But if things continue as they are we're going to be seeing similar price predictions about all kinds of projects over these next few months, so just a friendly reminder to take what you read with a pinch of salt.</p> <p>Don't be a crypto grandma and believe everything you read, and if you're going to yolo, make sure it's with money you're really ok with losing.</p> <p>Good luck out there and I hope you're enjoying this wild ride as much as I am!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_grandma"> /u/crypto_grandma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgvji2/when_euphoria_is_high_take_all_price_predictions/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgvji2/when_euphoria_is_high_take_all_price_predictions/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>At the peak of the last bull cycle in January 2018, I bought ICX at $10.50 and Neo at $168 after reading very well written posts and bullish comments by people who seemed to know a lot more than me, explaining why ICX was going to $100 and Neo was going to $1000!</p> <p>Sounds crazy now right, but when euphoria is high those kind of predictions sound completely reasonable (some people would even bet their dicks on it) and they were all being upvoted. If you'd have said those coins were going to crash 95% (which is what happened) you probably would have been downvoted to oblivion.</p> <p>I actually think we're still a long way from the peak of this current cycle, but obviously I don't have a clue anymore than anyone else does (who saw the March 2020 crash coming?) But if things continue as they are we're going to be seeing similar price predictions about all kinds of projects over these next few months, so just a friendly reminder to take what you read with a pinch of salt.</p> <p>Don't be a crypto grandma and believe everything you read, and if you're going to yolo, make sure it's with money you're really ok with losing.</p> <p>Good luck out there and I hope you're enjoying this wild ride as much as I am!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_grandma"> /u/crypto_grandma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgvji2/when_euphoria_is_high_take_all_price_predictions/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgvji2/when_euphoria_is_high_take_all_price_predictions/">[comments]</a></span>Kind Regards R