Thai crypto investors turn to tarot cards, divine signals to predict market

In Thailand, there appears to be a growing group of investors turning to divine powers and astrology to forecast market movements, consisting of crypto– as recently highlighted in a r/cryptocurrency thread on Reddit. One astrologist, who goes by “Pimfah,” has a 160,000-strong Facebook group where members ask for and send out tarot card readings– some ask for aid on what their readings mean for the crypto market.An equated screenshot from a group member asking what a tarot reading implies for their crypto portfolio. Source: YouTubeOccasionally, these predictions turn out to be rather accurate.High-profile fortune teller, Mor Plai, made regional headings previously this year for her August 2022 prediction of a crypto market healing beginning that November– which turned out to be somewhat precise, overlooking the crypto retrench around FTXs collapse. A September Pew Research report said just over 80% of surveyed Thais think in God, spirits or divine beings and nearly half believed spells, curses or other magic affected peoples lives.Related: Binance teams up with Royal Thai Police to seize $277M from scammersEven in parts of the Western world, self-described astrologers have also been utilizing signals from the stars to magnificent price motions in crypto.During the 2021 crypto bull market, the United States-born TikTok astrologer Maren Altman gained a following of millions for her astrology-backed Bitcoin price predictions.Altman informed Magazine in January she was “familiar with financial astrology, so it simply made sense to use it to cryptocurrency.

In Thailand, there appears to be a growing group of financiers turning to magnificent powers and astrology to anticipate market motions, including crypto– as just recently highlighted in a r/cryptocurrency thread on Reddit. One astrologist, who goes by “Pimfah,” has a 160,000-strong Facebook group where members ask for and send out tarot card readings– some ask for help on what their readings imply for the crypto market.A translated screenshot from a group member asking what a tarot reading indicates for their crypto portfolio. Source: YouTubeOccasionally, these predictions turn out to be rather accurate.High-profile fortune teller, Mor Plai, made regional headlines earlier this year for her August 2022 forecast of a crypto market healing starting that November– which turned out to be somewhat accurate, ignoring the crypto retrench around FTXs collapse.

One Redditor postulated that there could be an indirect relation between astrology and rates, as belief in it could cause traders to “act accordingly”– and therefore trigger a shift in rates in itself through a self-fulfilling prophecy.As for what depends on store for Bitcoin in the near future, the pseudonymous crypto-focused astrologer “Crypto Damus” claimed in an Oct. 18 X (Twitter) post:” Mars is lining up to make a favorable sextile to [Bitcoin] natal Mars over the next numerous days, (with Mercury cazimi),” which is assumedly positive as they declare it shows strength and will “pump the market.” Nevertheless, the “transit of Mars in Scorpio typically hasnt been that great for BTC” they said– whatever that means.Magazine: How to protect your crypto in an unstable market– Bitcoin OGs and experts weigh in