Crypto oldies, you still remember this

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Avatar for Don_Christov
2 years ago

If you're part of the crypto class of 2021/2022 then you most probably don't know about these predictions that rocked crypto world at the time.

On the 21st January 2019, an anonymous user on 4chan predicted that the price of Bitcoin by April would be $5,300 and crazily enough it came true. He/She also predicted that by July of 2019 Bitcoin would then be trading at $9,200, funny enough this also came true and at this point many who doubted had begun to believe and see this anon as the next best thing after octopus Paul.

The next prediction in the line was for October 2019 and people were setting long bids and buying up waiting for Bitcoin to hit the predicted $16,000. This was however not the case and the price tanked and needless to say a lot of people who were waiting on this price lost money, but they were ready to forget this as the predicter had gotten two right.

The next prediction was for February 2020, and the prediction was that Bitcoin would be valued. This was also a big fat failure and many again lost a lot of money.

The final two predictions are for July and November 2020. He/She predicted that by July price would be $56k and by November 2020 price would be at $87k. After an almost 20 month bull run between 2020 and 2021, Bitcoin still didn't hit 87k.

There's a lesson in there, never trust online figures or fellow anons on the internet to guide you in making financial decisions. I believe that even the most expert technical analysis gurus many times don't know what they're doing especially in a highly manipulated market like crypto is. Stay safe out there guys and hope you're holding strong through this dip.

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Comments

I believe crypto is just what we predict every time, though most times it do go as planned... Well its a lesson just like you said, so what do you think about SHIBA INU??? Do you think its possible for it to hit $0.01 before the next 3years??

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2 years ago