The analysts are overconfident that in the immediate months ahead, some of the most prominent along with many other rising stocks in the market is going to face a downtrend enormously. Some of the prominent stocks are going to fall by more than 92%.
Which analysts and which prominent stocks? There are various analysts and theorists who use the internet to present their ideas, but why should they be trusted if their analyses are nothing but mere speculations?
Do I believe them?
Yes, I do. When you look at the market performance of 2020 and past few months of 2021, the market trend has been very erratic. It has been very difficult to predict the trend. And despite the Corona Virus wave that has almost crippled the world's economy, cryptocurrency continues to soar in upward trend, ceaselessly, although erratically.
You may also believe that there is a Santa Claus and a tooth fairy, but that has nothing to do with reality. Don't portray a pandemic as something that has destroyed the world, nor will it destroy it in the future, things will get better this year - unless you believe in conspiracy theories that the vaccine is not really protection, but has some other purpose. If it has ever been easier to predict a trend then it is now, and even the birds on the branch know that the year after halving has always resulted in an incredible rise in the price of BTC.
I believe that the market cannot go on continuously upward forever but it is bound to fall. I agree with the analysts that that downtrend is very likely to happen in immediate future.
Well, of course the market can't go up all the time, but you're announcing a cataclysm based on nothing. What will happen, will World War III start or will we be attacked by aliens?
So, I suggest that you limit your investments in cryptocurrency in the near future. Unless you are sure, don't make hugh investment. I am going to hold most of my stocks in Dollars and not in cryptocurrencies until I am sure that market is starting to rise after its downfall.
In the same dollar that has been printed in the past year in an amount that is about 40% of what exists at all? People are looking for some kind of insurance from just such a policy of printing money, and you will keep your wealth in fiat?