The narrative keeps changing

Yesterday I was talking to one of my friend from Dubai who works with a crypto firm there. They do attend all these Crypto seminars in Dubai and Dubai is one place that has openly welcomed the crypto space with no limitations. That's also one reason major crypto enthusiast of the people are now relocating to Dubai. Last month he had attended a seminar and we asked him about the crypto influencers, some of them who are very famous. What he had to say was quite a shock, he said most of these influencers are empty pockets making false claims. They promote some tokens based on the incentives they get and there is no enough research done to validate any information of their promotion. Their narrative keeps changing most of the times as instructed by some of the large crypto bodies.

That's what I always see in the crypto market. When it's down everyone gets in to critical speculation mode, some even say BTC will go down to zero and what not, and when the market is up then everyone starts speculating again and here some will say BTC will go to the moon touching 1 million dollars. It is just not about these influencers but in general also in this overall space, we see how so many of these people keep changing their talk. And when they talk they always mention so many ifs and buts, it's like neither here or there, and with that whichever side the market swings their talks will also swing and then they would say, I exactly mentioned this.

Source

In the past I would listen to some of these crypto podcast but now I have stopped doing that, because the fact is that no one can really predict it. There are cycles which will happen but there are lot of external influences also which can disrupt these cycles. In the current situation, I feel the external influences are way too much to govern these cycles and always make it very unpredictable.

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