04-25-2023, 09:37 AM
Nobody can predict the market, analysts write all kinds of stuff, mostly hopium.
<!-- SC_OFF --><div class="md"><p>The market is unpredictable and that is my firm opinion. I'm an ordinary crypto investor who thinks he doesn't know too much, but I know more than just the basics.</p> <p>It's hard to predict this market, maybe a strong government will pass some law again with aiming/attacking cryptocurrencies, creating their own "digital" crypto-currencies, voting for higher taxes etc. so the price will drop until it recovers. It happened before and it is happening now.</p> <p>For these reasons, it is not at all clear to me why anyone listens to what crypto analysts are saying (with all due respect, people who know much more than I do, but I don't see that they can predict the market. At least there are few who can come close to it.</p> <p>2020 and 2021 were full of all kinds of expectations, BTC $100K EOY, and there are those who predicted even more. <a href="https://news.bitcoin.com/standard-chartered-report-structurally-values-ethereum-at-26k-to-35k/">Take a look</a></p> <p>As a crypto beginner, when I started entering, I watched a lot of YouTube channels, read price prediction forums. It almost never worked, even when I saw that we were definitely going into a critical winter, the media was full of articles and analysts saying that it was not true.</p> <p>I know that a lot of crypto "influencers", analysts etc. have a bad impact on crypto. People believe the, invest, lose money, call crypto a scam, give up on cryptocurrencies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/middlemangv"> /u/middlemangv </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12xt01l/nobody_can_predict_the_market_analysts_write_all/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12xt01l/nobody_can_predict_the_market_analysts_write_all/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The market is unpredictable and that is my firm opinion. I'm an ordinary crypto investor who thinks he doesn't know too much, but I know more than just the basics.</p> <p>It's hard to predict this market, maybe a strong government will pass some law again with aiming/attacking cryptocurrencies, creating their own "digital" crypto-currencies, voting for higher taxes etc. so the price will drop until it recovers. It happened before and it is happening now.</p> <p>For these reasons, it is not at all clear to me why anyone listens to what crypto analysts are saying (with all due respect, people who know much more than I do, but I don't see that they can predict the market. At least there are few who can come close to it.</p> <p>2020 and 2021 were full of all kinds of expectations, BTC $100K EOY, and there are those who predicted even more. <a href="https://news.bitcoin.com/standard-chartered-report-structurally-values-ethereum-at-26k-to-35k/">Take a look</a></p> <p>As a crypto beginner, when I started entering, I watched a lot of YouTube channels, read price prediction forums. It almost never worked, even when I saw that we were definitely going into a critical winter, the media was full of articles and analysts saying that it was not true.</p> <p>I know that a lot of crypto "influencers", analysts etc. have a bad impact on crypto. People believe the, invest, lose money, call crypto a scam, give up on cryptocurrencies.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/middlemangv"> /u/middlemangv </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12xt01l/nobody_can_predict_the_market_analysts_write_all/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12xt01l/nobody_can_predict_the_market_analysts_write_all/">[comments]</a></span>