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Crypto and inventory traders have at all times discovered attention-grabbing and typically weird methods to “predict” the market’s ebbs and flows.
Some have suggested that our unconscious minds can predict the inventory market by “precognitive dreaming,” whereas others have lately been turning to the recommendation of artificial intelligence chatbots.
Nevertheless, in Thailand, there seems to be a rising group of traders turning to divine powers and astrology to foretell market actions, together with crypto — as lately highlighted in a r/cryptocurrency thread on Reddit.
One astrologist, who goes by “Pimfah,” has a 160,000-strong Fb group the place members ask for and ship tarot card readings — some ask for assistance on what their readings imply for the crypto market.
One other self-proclaimed fortune teller, Ajarn Ton, has a YouTube channel with almost 26,000 subscribers the place he’s uploaded tons of of movies making an attempt to foretell the worth of varied cryptocurrencies utilizing astrology.
Ton’s most up-to-date focus is predicting that Terraform Labs’ collapsed crypto Terra Luna Basic (LUNC) will see a surge of almost 50,000% — saying it may hit $0.029.
To this point, nonetheless, it’s buying and selling at lower than $0.000055.
Often, these predictions develop into considerably correct.
Excessive-profile fortune teller, Mor Plai, made native headlines earlier this 12 months for her August 2022 prediction of a crypto market restoration beginning that November — which turned out to be considerably correct, ignoring the crypto retrench round FTX’s collapse.
“Shade me skeptical”
Commenters on the Reddit publish have been largely uncertain in regards to the so-called technique of prediction.
“Put out sufficient obscure predictions, and also you gotta be proper finally,” one Redditor commented.
“If a hamster can carry out higher than most adults I don’t see why we shouldn’t attempt astrology,” one other joked.
Nevertheless, whereas religious beliefs would seemingly entice skeptics within the West, it’s not thought of out of the unusual in Buddhist-majority Thailand.
A September Pew Analysis report mentioned simply over 80% of surveyed Thais imagine in God, deities or spirits and almost half believed spells, curses or different magic influenced individuals’s lives.
Associated: Binance collaborates with Royal Thai Police to seize $277M from scammers
Even in elements of the Western world, self-described astrologers have additionally been utilizing indicators from the celebrities to divine value actions in crypto.
In the course of the 2021 crypto bull market, the United States-born TikTok astrologer Maren Altman gained a following of thousands and thousands for her astrology-backed Bitcoin value predictions.
Altman told Magazine in January she was “accustomed to monetary astrology, so it simply made sense to use it to cryptocurrency.”
Didi Taihuttu, a Dutch-born Bitcoiner and “Bitcoin household” patriarch — who offered all their property in 2017 and lived off Bitcoin since — has a homebrew market indicator that considers moon cycles alongside directional buying and selling information to flag purchase and promote alternatives for Bitcoin.
I obtained many questions on the Bam Bam #bitcoin Indicator and why additionally moon cycles are a part of it. It’s one other affirmation that offers you assist with deciding when to promote and purchase. This analysis article is an efficient rationalization. https://t.co/hQfhzeXSoG
— ₿ Didi Taihuttu ₿ ALLIN (@Diditaihuttu) July 13, 2023
One Redditor postulated that there may very well be an oblique relation between astrology and costs, as perception in it may trigger merchants to “act accordingly” — and thus trigger a shift in costs in itself by a self-fulfilling prophecy.
As for what lies in store for Bitcoin within the close to future, the pseudonymous crypto-focused astrologer “Crypto Damus” claimed in an Oct. 18 X (Twitter) post:
“Mars is lining as much as make a positive sextile to [Bitcoin] natal Mars over the following a number of days, (with Mercury cazimi),” which is assumedly optimistic as they declare it exhibits power and can “pump the market.”
Nevertheless, the “transit of Mars in Scorpio usually hasn’t been that good for BTC” they mentioned — no matter which means.
Journal: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in
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