Predicting crypto market prices is a fool's game

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I have seen many predictions around the cryptocurrency markets in regard to where it will go as a whole like the bull run or bear market and also on individual crypto assets that are riding or not a hype wave. What everybody might lose track of is that what goes up must go down as there is simply not possible to have a perpetual growth and price rise. Markets are going in the cycle as the real world is involved in it and there will always be someone taking profits which will affect the entire ecosystem.

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So, why should we try to make crypto prices predictions? Well, we shouldn't and we should focus on project growth, its mission and the path towards reaching it. That will translate into a vision of where things are going instead of trying to guess what the price will be today or tomorrow. There are too bigger forces, interests, unknowns for anyone to try and say they can predict crypto markets, so why play a fool's game that is rigged from the beginning? Let's just not.

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We are all choosing certain projects to get into because we believe in them (or others do so like Elon Musk does with Doge and artificially raises its price) and this should be the driving force for our investments. Whether we jump the market when is high or low, if we did our own research and see a future for the projects, we should be good either way. The focus should be on accumulating and expanding our investment from the initial purchase through different instruments like staking, DeFi or other new innovations in the domain. This will ensure that we grow our portfolio, while the price will catch up with us in time and at some point prove the project value.

So what about it... Are you still trying to predict crypto prices or invest in those you believe in and build up a portfolio for the future?

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13 comments
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It is a tough one some people when they get it right get rich overnight.
For some people i guess that is what they want.
Not really interested in gambling in that sense which is what it is let's face it.
I am very much in the mindset of invest and build around what i believe in and can use.
Have a blessed and successful new year
@behiver

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You've got the right mindset, instead of trying to guess the market to build and accumulate more assets in a project you believe in.

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I wonder how PlanB feels now and all the rest who were seeing BTC at $100k and above at the end of the year. Bitcoin is no longer walking the road they paved and I'm happy about that. The world of crypto has changed a lot and it's amazing that some of the most renowned people in crypto are not yet able to see that.

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Some say they predict, but they simply create hype. Too many unknowns to make a prediction statement in crypto.

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That's why I'm latching on to hive. It's a project with potential and I see everyone working hard to build it.

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This is a good play and with the incoming airdrops just one that will reward more.

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I agree. Price prediction is stupid and makes people who are not in the know of patterns do stupid things.
I also agree that you should invest in a project because you understand and believe in it.

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Right, but even those using technical analysis still cannot predict when walls are broken.

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Love this post!

Thanks for helping me make the decision to power up in this blockchain I call home.
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Thanks for that! Seeing people still trying to predict the market or hype and then for it to fall started to become a replay over and over. We should focus on building and settling when we think the price is right, not the other way around.

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I agree with you 100% The funny thing is I have read articles and talked to people that discourage dollar-cost averaging and the long-term holding of crypto because it is so volatile.

The funny thing is that they are contradicting themselves but have no idea because they are starting out with a falsehood. If an investment is too volatile to hold long term then how could anyone predict its price?

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