A good number of the crypto analyst I have come across appear to be tired of making price predictions. This is because the markets continue to chart a new course each time and ignores previous patterns, making it difficult to predict.
This bull run is no different and no matter what anyone tries to tell us, no one can say with certainly exactly how the prices are going to go. We all are anticipating a rebound while gearing up for a potentially long winter if the crypto bears persist.
It is funny how illogical crypto can be, and some of the illogical paradigms it follows. But what we shouldn't forget is that market actions are caused by the actions of people, and we are by nature irrational. Therefore when you see people dumping a coin you feel they should be holding, don't panic.
If we could predict crypto market movements though, then we'd be more proactive in our approach towards investing. The good thing is that even the crypto space had recognized the need for stability and is making moves in that effect. The coming of DeFi as well as many projects having a stable token were innovative ways to maintain stability of one's investment portfolio.
That said, it hasn't been all successful. We've seen the crash of UST and many DeFi projects tumbling. Many people are in red regardless of the investment approach they took and it is a recognized symptom of an evolving chain. The one predictable thing that seems to be agreed on right now is that the market remains unpredictable.
Notwithstanding, there is one general piece of advise crypto investors will give everyone, and that is simply to have a long term mindset. You can't fail on predicting thinking long term. If we're certain of a rebound but unsure when all we need to do is play the patience game and continue to grow our assets.
The benefits of a long term strategy are numerous as it takes away a great deal of anxiety and helps us focus on experience. Hive is a prime example of that. We're simply enjoying our time in the community and what it has to offer without showing too much of a concern for current prices.
I think overall achieving relative stability in the chain will be needed to foster growth and stability.