Can astrology influence trading and investment choices?

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vectorx80Member
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#1Jan 25, 2019, 01:38 AM
So there's this friend of mine who I chat with while I’m out for evening walks to unwind a bit. He mentioned his birthday is coming up and hinted at me needing to get him a gift or at least buy some drinks for him this time. He’s really into Bitcoin and crypto but I usually just let him talk while I play naive to see how much he really knows. Something caught my attention as he mentioned how Bitcoin is dropping and how he’s tempted to buy right before his birthday to test out his new trading strategy, hoping some birthday luck would come his way. I asked him if he’s into astrology and he said he's a Taurus. He wants to use his star sign as a guide for trading, mixing it with his strategy, thinking he’ll be rolling in cash quicker than I’d expect. I got curious and did a little research to see how astrology could relate to trading. From what I found, being a Taurus means he’s supposed to be good at holding on for stability, but chasing profits might be tricky, especially with Saturn hanging out in his 11th house. Apparently, he’s in for some tough lessons about gains, and the universe wants him to tough it out. For the timeframe between February 12 and February 29, it looks like luck and unexpected gains might come his way, suggesting he should think about taking profits.
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bull_forkHero Member
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#2Jan 25, 2019, 03:42 AM
Everyone has different opinion about Astrology but I find it fake and something created artificially. Astrology is not backed by science and controlled tests have proven that astrological predictions perform no better than random guessing. Astrology is also made in a way that you catch many familiar traits here and there, so you start to believe that it might be true. In trading, patience and good analytical thinking matters the most. Astrology can't predict the price, nor can it predict bull or bear market, so just ignore the existence of astrology in trading.
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#3Jan 26, 2019, 03:19 PM
I think coincidences are just luck, and there is no direct correlation that could prove anything about astrology and trading. Maybe humans are just creatures that really want to explain things that aren't directly explainable, so we turn to something like astrology to explain stuff. Still, in concrete evidence or in a scientific approach, there's nothing you could really quantify to say that there is a connection between the two.
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bit_moonNewbie
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#4Jan 26, 2019, 06:06 PM
Crypto astrologers believe that the Solar Eclipse affects the price of bitcoin. Today, the first Solar eclipse of 2026 is expected: the penumbra falls at 12:58 Moscow time. The peak is at 15:13. Crypto astrologers claim that the price behaves unpredictably during these periods. For example, they associate the eclipse on April 8, 2024 with the formation of a "bull trap": it was from that day on that the Bitcoin price went into a bearish trend from 73k and fell down to the local bottom at 60k. And then it reached 49k on August 8. Also, the eclipse from March 13, according to crypto astrologers, turned the trend around, and the price began to rise from the 77k mark, reaching 88k in a couple of weeks. Let's see what happens to the Bitcoin price today.
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key465Full Member
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#5Jan 26, 2019, 07:04 PM
Let me be a bit petty here – I find it ludicrous when men beg to be gifted something on their birthday. It's funny in a funny kind of way because I perceive it as effeminacy. As for any correlation between zodiac and trading, that's complete BS. When someone was born doesn't determine their investment success or failure. What determines all that is their choices and strength of character to tarry on whatever they've decided to do.
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hawk_novaNewbie
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#6Jan 26, 2019, 07:36 PM
There's no known correlation between them of course since it's just a belief—something people believes regardless of the actual truth or nah. If there was anything known, everyone and their mum would be on to it. Personally could never get into the whole astrology stuff. I mean, I could do it for fun, but I wouldn't use it to base important decisions like investments and trading. I prefer looking at charts and fundamentals.
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novalabHero Member
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#7Jan 28, 2019, 02:23 PM
This is the first time I have read such a strange incident and it is a very amazing fact that astrology can be used on trading. I do not know how much it works. But in reality, by trading we mean taking advantage of the fluctuations in the price of Bitcoin and taking advantage of it. Here the price of Bitcoin mainly fluctuates based on its market, demand, and economy. Trading requires patience, risk tolerance, controlling emotions, and market observation or analysis. These things are definitely not possible using astrology. Besides, in the case of trading, I think practical and rational decisions should be given priority.
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miner_byteSenior Member
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#8Jan 28, 2019, 08:33 PM
Well I do respect their opinion and belief, and if the outcome becomes ideal to them well seems good but for me astrology does not correlate with the trading of the market its all by means about the market demand and supply structure so possible its just a coincidence on that time because personally I do believe about the numbers and data statistics and not by just luck came from the celestial bodies also trading requires a knowledge and skills and not just depends by the skies.
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quantumxNewbie
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#9Jan 29, 2019, 01:19 AM
To be honest, I am fascinated with how people connects the astrology to how the market moves and works. I won't be subscribing to that belief but it's a good read to make us understand why there are people that are relating it to astrology and even zodiac signs. Because others can claim that it's all due to their rituals or beliefs in it why they've been profitable. Whilst for me, it's pure speculations, analysis and the trend that we're having which is affecting the market wholly that includes fundamentals.
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chainioMember
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#10Jan 29, 2019, 02:55 AM
Without astrology, every trader would likely have varied decisions. But I won't deny that a minority of traders still use astrological methods, may be even those related to all of their financial decisions. This can be a collective belief that can slightly move the market if the number of adherents is significant enough. Among traders without rational independent decisions, I think even more rely on mentor guidance or luck from randomness rather than astrology.
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#11Jan 31, 2019, 02:40 AM
There's a professional trader in my country who studies astrology and Fibonacci to analyze stocks, commodities, and various other instruments. He seems so confident in his knowledge that he's always posting on his social media accounts about market events, linking them to his knowledge. He even claims that his method has a 70% accuracy rate, which is quite high. I'm quite amazed by the method he's learned and how he relates it to astrological phenomena. However, I don't see it as reliable and uncorrelated with the market. This is just my opinion, others may have different views and rely on astrology for their market decisions, but I don't.
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stackio110Hero Member
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#12Jan 31, 2019, 04:39 PM
I think it's stupid to adapt an astrological forecast for trading because it cannot be reliable. The probability that it will come true is about 50%, as with a simple guess. Considering this, I will never entrust my financial well-being to an astrological forecast made by an ignoramus.
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