11-17-2021, 11:10 AM
I ran a small experiment: Do people on this sub back up their price predictions? Exa
<!-- SC_OFF --><div class="md"><p>TL;DR: Generally? No. The overwhelming majority of posts and comments - all except 1 - did not provide anything substantive. Some made jokes, some told me to fuck off, others readily admitted it was hopium. While this is a small sample size it was <em>somewhat</em> random. I only pursued this when they popped up as I browsed the sub, I did not seek them out or request any, but it's still mostly either from brand new or top posts. </p> <p>Anyway here's the breakdown (all links are np): </p> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql1do9/comment/hizuydr/?utm_source=share&utm_medium=web2x&context=3">ETH to $7423 end of November</a>. </p> <blockquote> <p>My response: "Based on?"</p> <p>OP response: "Yes."</p> <p>Verdict: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qkngbn/did_people_miss_that_dot_just_hit_a_new_ath/hiyutyx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">I have a good feeling that DOT will hit $100 this year</a></p> <blockquote> <p>My response: "Based on?"</p> <p>OP response: No response.</p> <p>Verdict: Hopium</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qgzeko/my_coworker_is_convinced_shibainu_will_go_up_to/hi9ifmg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“Shiba will hit $0.01 USD eventually”</a></p> <blockquote> <p>My response: “Why”</p> <p>Commenter asserting thread OP is correct: Some comments about utility ending in “I don't have any DD I just know what they're working on. And if the supply is continuously going down doesn't it make sense that the price will continuously go up?”</p> <p>Verdict: Literally says no DD. Hopium at worst, buzz words about utility at best. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c352/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“Ethereum $10k looks. Pretty easy now.”</a></p> <blockquote> <p>My response: “Based on?”</p> <p>OP response: “Pure grade A hopium.” </p> <p>Verdict: Admire the honesty lol. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c7rz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Re: Eth “Like that it’s steadily climbing. 5k soon.”</a></p> <blockquote> <p>My response: “Based on?” </p> <p>OP Response: “Thinking ppl will be putting memecoins profits into btc and eth soon.” Fails to follow up when I asked for more details. </p> <p>Verdict: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c4nw/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Comment deleted by user after I asked “Why?” on their prediction</a></p> <blockquote> <p>Verdict: shrug?</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qlqfs7/eth_cofounder_vitalik_buterin_discusses_loopring/hj5iu0e/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">[Loopring] easily deserves a spot in the top 50 - which puts my napkin math at 5$ a loopring</a></p> <blockquote> <p>My response: “Why?”</p> <p>OP response: This one is actually substantial and is one of the only examples of someone making a real case. Way too long to post so just check it out.</p> <p>Verdict: Some hopium as always, I think a lot of this is “I have the largest bag I think and am really invest in it,” but he actually attempts to make a case. Not enough IMO but a case nonetheless. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qltk12/polkadot_dot_celebrates_new_alltime_high_where_to/hj6fjme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Re: Polkadot: “$150 isn’t a crazy estimate over the next few years. Stake what you have and buckle up!”</a></p> <blockquote> <p>My response: “How did you get $150?”</p> <p>OP response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qltk12/polkadot_dot_celebrates_new_alltime_high_where_to/hj6fhbj/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“DOT will cement itself as a top 3 project. Mark my words.”</a></p> <blockquote> <p>My response: “Why?” </p> <p>OP response: None provided.</p> <p>Verdit: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qm403f/the_bull_run_is_about_to_heat_up_selling_late_in/hj8qw2j/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“The bull run is about to heat up...we will see $120k BTC and $10k ETH minimum."</a></p> <blockquote> <p>My response: “Based on? Where are these numbers coming from?”</p> <p>OP response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qpcc04/btc_at_66k_and_eth_at_47k_and_this_bull_run_has/hjtabbd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">BTC at 66k and ETH at 4.7k and this bull run has barely started!!!</a></p> <blockquote> <p>My response: General request for DD, P&L’s, anything at all to show this prediction has legs or that his past ones were correct.</p> <p>OP response: None provided.</p> </blockquote> <p>Verdict: Hopium.</p> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qv6aem/either_were_in_for_a_huge_six_weeks_or_all_those/hkuvtlz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">I don't think bullrun is over yet. This is a healthy correction and we're going above $100k EOY</a></p> <blockquote> <p>My response: “Based on?”</p> <p>OP Response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p>So there you have it! I'm done with this for now lol</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Yeetasaurus1979"> /u/Yeetasaurus1979 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qvcnmw/i_ran_a_small_experiment_do_people_on_this_sub/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qvcnmw/i_ran_a_small_experiment_do_people_on_this_sub/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>TL;DR: Generally? No. The overwhelming majority of posts and comments - all except 1 - did not provide anything substantive. Some made jokes, some told me to fuck off, others readily admitted it was hopium. While this is a small sample size it was <em>somewhat</em> random. I only pursued this when they popped up as I browsed the sub, I did not seek them out or request any, but it's still mostly either from brand new or top posts. </p> <p>Anyway here's the breakdown (all links are np): </p> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql1do9/comment/hizuydr/?utm_source=share&utm_medium=web2x&context=3">ETH to $7423 end of November</a>. </p> <blockquote> <p>My response: "Based on?"</p> <p>OP response: "Yes."</p> <p>Verdict: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qkngbn/did_people_miss_that_dot_just_hit_a_new_ath/hiyutyx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">I have a good feeling that DOT will hit $100 this year</a></p> <blockquote> <p>My response: "Based on?"</p> <p>OP response: No response.</p> <p>Verdict: Hopium</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qgzeko/my_coworker_is_convinced_shibainu_will_go_up_to/hi9ifmg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“Shiba will hit $0.01 USD eventually”</a></p> <blockquote> <p>My response: “Why”</p> <p>Commenter asserting thread OP is correct: Some comments about utility ending in “I don't have any DD I just know what they're working on. And if the supply is continuously going down doesn't it make sense that the price will continuously go up?”</p> <p>Verdict: Literally says no DD. Hopium at worst, buzz words about utility at best. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c352/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“Ethereum $10k looks. Pretty easy now.”</a></p> <blockquote> <p>My response: “Based on?”</p> <p>OP response: “Pure grade A hopium.” </p> <p>Verdict: Admire the honesty lol. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c7rz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Re: Eth “Like that it’s steadily climbing. 5k soon.”</a></p> <blockquote> <p>My response: “Based on?” </p> <p>OP Response: “Thinking ppl will be putting memecoins profits into btc and eth soon.” Fails to follow up when I asked for more details. </p> <p>Verdict: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/ql3rfr/ethereum_hits_new_all_time_high_again_why_isnt/hj0c4nw/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Comment deleted by user after I asked “Why?” on their prediction</a></p> <blockquote> <p>Verdict: shrug?</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qlqfs7/eth_cofounder_vitalik_buterin_discusses_loopring/hj5iu0e/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">[Loopring] easily deserves a spot in the top 50 - which puts my napkin math at 5$ a loopring</a></p> <blockquote> <p>My response: “Why?”</p> <p>OP response: This one is actually substantial and is one of the only examples of someone making a real case. Way too long to post so just check it out.</p> <p>Verdict: Some hopium as always, I think a lot of this is “I have the largest bag I think and am really invest in it,” but he actually attempts to make a case. Not enough IMO but a case nonetheless. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qltk12/polkadot_dot_celebrates_new_alltime_high_where_to/hj6fjme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">Re: Polkadot: “$150 isn’t a crazy estimate over the next few years. Stake what you have and buckle up!”</a></p> <blockquote> <p>My response: “How did you get $150?”</p> <p>OP response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qltk12/polkadot_dot_celebrates_new_alltime_high_where_to/hj6fhbj/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“DOT will cement itself as a top 3 project. Mark my words.”</a></p> <blockquote> <p>My response: “Why?” </p> <p>OP response: None provided.</p> <p>Verdit: Hopium.</p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qm403f/the_bull_run_is_about_to_heat_up_selling_late_in/hj8qw2j/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">“The bull run is about to heat up...we will see $120k BTC and $10k ETH minimum."</a></p> <blockquote> <p>My response: “Based on? Where are these numbers coming from?”</p> <p>OP response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qpcc04/btc_at_66k_and_eth_at_47k_and_this_bull_run_has/hjtabbd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">BTC at 66k and ETH at 4.7k and this bull run has barely started!!!</a></p> <blockquote> <p>My response: General request for DD, P&L’s, anything at all to show this prediction has legs or that his past ones were correct.</p> <p>OP response: None provided.</p> </blockquote> <p>Verdict: Hopium.</p> <p><a href="https://np.reddit.com/r/CryptoCurrency/comments/qv6aem/either_were_in_for_a_huge_six_weeks_or_all_those/hkuvtlz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3">I don't think bullrun is over yet. This is a healthy correction and we're going above $100k EOY</a></p> <blockquote> <p>My response: “Based on?”</p> <p>OP Response: None provided.</p> <p>Verdict: Hopium. </p> </blockquote> <p>So there you have it! I'm done with this for now lol</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Yeetasaurus1979"> /u/Yeetasaurus1979 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qvcnmw/i_ran_a_small_experiment_do_people_on_this_sub/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qvcnmw/i_ran_a_small_experiment_do_people_on_this_sub/">[comments]</a></span>Kind Regards R