DON’T LISTEN TO PRICE PREDICTIONS

Each of you has likely encountered some mind-blowing cryptocurrency price predictions at least once. Let me explain why you should not place any trust in these predictions.

The latest example I saw: “An analyst predicts that $MATIC will reach $57.” Yes, you read that right; I seriously came across this. It’s so ridiculous. Just to remind you, one $MATIC is currently worth $0.4. That would be a 100x increase in price.

These analyses are based on absolutely nothing and are completely irrational. They don’t take into account the actual workings of the market or investor rationality.

But more importantly, they ignore the fact that beyond a threefold price increase, it’s impossible to predict how far a cryptocurrency will go.

These predictions are made to make you click, to make you dream, and sometimes to make you buy. In fact, the people who share these kinds of predictions are often paid by the cryptocurrency in question to push investors to buy it.

Be wary of the crypto market; trust no one in it.

This post reflects only my personal opinion.

Thank you for reading.

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Livio P-V.