For some reason, I've been coming across lots of 'I was wrong' articles from analysts regarding the freefall of various cryptocurrencies this January. Yeah, some are a little arrogant and won't admit it, but not many people predicted this kind of run so early in January after what we had to close last year.

The space can be quite complex and chances are as a newbie, you are definitely going to be needing some sound advice if you want to properly maneuver the space especially from an investment perspective. Therefore, analysts are still very much relevant in providing direction and guidance to those who need it.

Some people take it as a full time job, or a strong side gig with Youtube pages or companies set up to properly assist users in their crypto journey. Some others simply share their knowledge or discoveries for free to any audience that actively seeks out such information. Hive has some of the latter who are quite good at what they do.

As a matter of fact, the Hive chain is perhaps the single largest chain where one can get concentrated first hand information on blockchain technology and cryptocurrency investments in a manner that is simplified for users. This is because Hive has had some 'home grown experts' who understand the perspective of a newcomer.

Some people have made fortunes merely stumbling on and implementing the right advice. Things like what coins hold the most potential, when to invest, and the short-long term trajectory of the crypto market are broken down by analysts who then form an opinion based on patterns.

However, the markets almost never behave the way we expect or want it to. Even analysts tell you to 'do your own research' and stop short of calling their opinions financial advice. The markets have a mind of their own, and even the most consistent of patterns can be broken suddenly.

Why then should we listen to analysts if they don't know for certain how the markets move and will likely be more wrong than right. The answer is simple, and that is the average person is a simp when it comes to decision making, especially concerning finance. The likelihood of taking any action at all without some kind of guidance is very low for most people.

Furthermore, the information derived from analysts will take ages for the average person to obtain. We are simply too lazy to all be crypto experts and someone still needs to point us in the right direction.

Conclusion

I think most importantly, it sometimes takes only one right prediction to completely transform a persons life. This is why analysts will remain popular and relevant, as they certainly don't need to get it right all the time.