Thai Investors Turn to Unconventional Methods for Crypto Market Prediction
In the ever-volatile realm of cryptocurrency, Thai investors are exploring unique avenues for market prediction, turning to tarot cards, divine signals, and astrology. This intriguing phenomenon sheds light on the lengths individuals are willing to go to make informed investment decisions. While the crypto market has always been characterized by its unpredictability, investors have continually sought unconventional methods to foresee its ebbs and flows.
Challenging Conventional Wisdom
Traditional approaches to market prediction, such as historical data analysis and fundamental or technical analysis, have long been staples for investors. However, in Thailand, a new wave of market prediction has emerged, one that incorporates divine signals and tarot cards, challenging conventional wisdom.
The Rise of Divine Signals and Astrology
Last year, a Thai fortune teller made headlines by predicting market trends, drawing insights from the divine. This unorthodox method, centered on market recovery, highlighted the extent to which some are embracing alternative approaches to market prediction.
Thai investors have embarked on a journey to comprehend the marketโs fluctuations by delving into the mystical realm of divine forces. Some suggest harnessing the power of the human unconscious mind through โprecognitive dreaming,โ while others turn to artificial intelligence and chatbots for guidance.
Social Media Traction
Thailandโs fascination with divine powers and astrological signs for predicting market movements has gained traction on social media, as evidenced by a Reddit thread. The adoption of these unconventional methods reflects a novel way of gaining insights into market trends.
Prominent Figures in the Movement
One prominent figure in this movement is Pimfah, a Thai astrologist who has gathered a community of over 150,000 members on Facebook. Members seek tarot card readings and interpretations, with a particular interest in understanding their implications for the crypto market.
Another player in this arena is Ajarn Ton, a self-proclaimed fortune teller with a YouTube channel boasting 26,000 subscribers. Through his videos, he attempts to predict crypto market prices using astrological insights.
Accuracy and Skepticism
The level of accuracy achieved by these unconventional methods has sparked curiosity and skepticism. Reddit users have expressed doubts, with one user remarking, โJust like regular astrology, they take some random, uncorrelated data and then try to piece it together and โfind a pattern.’โ
Nevertheless, some predictions have shown a degree of accuracy, such as Mor Plaiโs 2022 August forecast of a crypto market recovery commencing in November. While not without its trials, this prediction demonstrated a measure of accuracy, despite the crypto communityโs challenges following the FTX collapse.
A Broken Clock is Right at Least Twice a Day
Critics of these alternative prediction methods are prevalent on Reddit, with some humorously suggesting that making enough vague predictions might eventually yield correct results. Others playfully compare the use of astrology to a hamsterโs abilities.
Not Just Thailand: Astrology in Market Prediction Worldwide
While these unconventional methods may raise eyebrows among Western skeptics, itโs essential to note that over 80% of the Thai population believes in divine spiritual norms. Moreover, the use of astrology in market prediction is not limited to Thailand. In the United States, TikTok astrologer Maren Altman gained a substantial following by offering Bitcoin price predictions.
Similarly, Dutch-born Bitcoiner Didi Taihuttu, known as the patriarch of the โBitcoin family,โ sold all assets in 2017 and has since lived solely off Bitcoin. Taihuttu utilizes a unique market indicator that combines moon cycles with directional trading data to identify buy and sell opportunities for Bitcoin.
Reddit enthusiasts have even speculated on a potential indirect relationship between astrology and crypto prices, suggesting that belief in such methods could influence tradersโ behavior, potentially becoming a self-fulfilling prophecy in the market.
Hot Take: The Intersection of Divinity and Crypto
The use of unconventional methods like tarot cards, divine signals, and astrology for predicting crypto market trends may seem strange to Western skeptics. However, these approaches have gained significant traction among Thai investors, with some predictions showing a degree of accuracy. While critics mock these methods, believers argue that they tap into unseen forces that influence market movements. Whether it’s astrology or other alternative approaches, the intersection of divinity and crypto is an intriguing phenomenon that challenges traditional market prediction wisdom.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
