Crypto Traders Turn to Astrology and Tarot for Market Predictions
Summary:
Traders in Thailand are increasingly turning to astrology and tarot readings to predict cryptocurrency market trends, as observed in a Reddit cryptocurrency thread. Astrologist Pimfah, for example, leads a Facebook group of 160,000 members sharing tarot card readings related to the crypto market, while YouTuber Ajarn Ton employs astrology to forecast the values of various cryptocurrencies. Western astrologers, such as TikToker Maren Altman and Bitcoin trader Didi Taihuttu, also analyze celestial signals to predict bitcoin prices. Despite skepticism, the spiritual approach, commonplace in Buddhist-majority Thailand, could indirectly cause market shifts via traders' actions aligned with their astrological beliefs.
The world of stock and cryptocurrency investors is full of quirky and unconventional methods for predicting market fluctuations. Some adhere to the concept of 'precognitive dreaming' as the key to foreseeing market behavior, whereas others seek the guidance of AI-driven chatbots. Lately, however, a slew of Thai traders appear to be relying on the higher powers and astrology to anticipate market trends within the crypto sphere, as revealed in a Reddit thread on r/cryptocurrency.
"Pimfah", an astrologer, has created an online community of 160,000 members on Facebook, where participants share and interpret tarot card readings, often in relation to their potential impact on the cryptocurrency market. Source: Facebook
Meanwhile, Ajarn Ton, another self-proclaimed seer, has amassed nearly 26,000 followers on his YouTube channel. Here, he shares numerous videos attempting to predict the potential value of different cryptocurrencies with the help of astrology. Lately, Ton has predicted a massive leap of almost 50,000% for Terraform Labs’ faltering cryptocurrency Terra Luna Classic (LUNC), raising its worth to $0.029. At the moment, it's trading for less than $0.000055. Source: YouTube
Occasionally, these conjectures have borne some truth. Mor Plai, a renowned fortune teller, made the local news in 2022 for correctly predicting the recovery of the crypto market in November, despite the subsequent crypto pullback triggered by FTX's collapse. “Color me skeptical”, some Reddit users expressed cynicism towards these unconventional prediction techniques. One user commented, "If a hamster can perform better than most adults, I don't see why we shouldn't try astrology". Regardless of the skepticism in the West, this spiritual approach is considered commonplace in Thailand, where the majority practices Buddhism.
A Pew Research report in September revealed that more than 80% of the Thais believe in God, deities or spirits, and almost half believe in the influence of spells, curses, and other forms of magic over people's lives. In some Western regions too, self-acclaimed astrologers rely on celestial signals to predict cryptocurrency market trends.
Maren Altman, born in the United States, is a TikTok astrologer with a large following who has been known for her astrologically backed Bitcoin price predictions during the 2021 crypto bull market. Didi Taihuttu, a Dutch Bitcoiner, has developed a personal market indicator that uses moon cycles in conjunction with trading data to identify potential buy and sell opportunities for Bitcoin. Source: Twitter
One Reddit user entertained the possibility of an indirect link between astrology and prices, suggesting that belief in the former could impact traders' actions, subsequently initiating a shift in market prices, thereby creating a self-fulfilling prophecy. Cryptocurrency-focused astrologer "Crypto Damus" has also conveyed his predictions for Bitcoin, hinting at potentially favourable alignments of the planet Mars, although the implications of these celestial events are still up for debate.
Published At
10/22/2023 11:29:33 PM
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