My Experience with Cindicator as an Individual Investor

I’m 44 years old, I work a 9–5 job. Not a big-time investor or trader. But, someday I (perhaps) hope to be.

Due to a confluence of some recent life events and the fact I’ve officially entered middle age — I’ve become extremely interested in planning for my eventual (hopeful!) retirement. I now max out my 401K, I’ve been maxing out my contributions to my IRA, and finally, I am also keenly aware of the cryptocurrency space, having purchased my first few bitcoins in 2011.

I’m also a doctoral-level clinical psychologist by trade, I’ve been a “psychology geek” since an undergraduate school. I’ve always been fascinated by individual behavior, but also by extension, I’m fascinated by group behavior as well. Interesting thing to note — economics, like psychology, is a social science (I tend to gravitate towards the Austrian School myself!).

So, I like to think that’s where my “zone of competence” is when it comes to the cryptocurrency markets — I understand psychology, and markets are basically a giant, ongoing experiment in mass psychology. So, if you can get a sense of the crowd, you can get a sense of where the market is going (Elliott Waves, anyone?). This is one reason why Cindicator has such visceral attraction to me. At it’s core, it’s based on a principle that’s both extremely familiar and attractive to me — the idea of harnessing ‘the wisdom of the crowd’ (A la Francis Galton) to make accurate predictions about future events.

But, of course, Cindicator takes it even a step further — it optimizes crowd predictions using proprietary algorithms to favor “super-predictors” in their rapidly-growing analyst pool, and as of a few weeks ago, now adds artificial intelligence (AI) to hone their market forecasts, to achieve up to stunning 66% accuracy.

Cindictor is a Beacon, It’s an Investment in my Future (like, Retirement!)

I currently use the new Explorer tier. So, I get support / resistance levels for cryptocurrency prices, community choice indicators, and a bunch of nice additional tips and things that I haven’t made full use of yet, but is nice to have. But — truth be told, for the the past several months (basically since I first bought into Cindicator in November of 2017), I actually just had the “Beginner” tier.

You know what’s funny? One of the most reassuring things about Cindicator has been the market events indicators. Throughout the current (and apparently receding) cryptocurrency bear market, Cindicator provided me with regular updates as to the overall market capitalization and where it would be in the coming weeks.

Despite my knowledge about markets, my understanding of, and faith in the cryptocurrency space, I have to admit — I have*just* as much potential to be emotional about markets as anyone else. When the cryptocurrency market was at it’s peak, I (wisely, as it turned out) sold off a large chunk of my holdings for a profit. I admit, I had a brief internal debate with myself as to whether I should just sell everything and get out — I saw that this huge, parabolic, speculatively-driven rise in the crypto market and saw a huge crash ahead of us. I had doubts that this could continue in the future. But, rationality prevailed, I retained a chunk of my long-term holdings (including CND coin), and I continued to dollar-cost average back into the market as it went down. Good thing!!

So, to summarize, Cindicator is a critical investment to me for at least two reasons:

First, with the market cap updates, it provides me with a short-term view into the future, using the eyes of the crowd. In speculatively-driven markets like cryptocurrency, knowing the way the “herd” is going is critical, and provides reassurance as to the direction of the market overall. Of all the indicators, for a small-time, long-term investor (who occasionally indulges in swing trading), the market cap projections have been one of my favorite indicators provided by Cindicator, hands down. Remember how I told you how I (like many) am prone to emotional investing? Cindicator is my “hedge” against that!

Second, Cindicator is an investment in my future economic health. I’m in my mid 40s, and as of a few years ago after just passively throwing some money into my retirement funds, I’ve finally taken a much more active role in my retirement. I’ve thrown myself into cryptocurrency investing and trading. I’ve made some tentative use of the Cindicator “Community Choice” indicators to guide some of my trades (although I will say I wasn’t successful — mainly due to the fact these trades were initiated right as the markets tanked early in the year).

I’ll probably down the line expand into picking individual stocks as well, and will likely be using Cindicator for that. I consider myself extremely fortunate that I’ve gotten even this level of access to such a powerful tool at such a relatively low price, considering it’s value. I see Cindicator as providing me with an edge in planning for my economic future that others may not have.

Cindicator is a Powerful Market Sentiment Forecasting Tool — But Not a “Crystal Ball”

I’m pretty active on Reddit and check into the Cindicator subreddit fairly frequently. A criticism that I have heard frequently levelled against Cindicator — and one that makes me rather annoyed, is when Cindicator users complained about the accuracy of the Cindicator Bot, particularly during the last 2–3 months of market turbulence and bear market that followed the November-December bull run. Most of the criticism, in my view, has been from a fundamental misunderstanding of what Cindicator does. Most of the confusion has been around the distinction between market forecasting and market prediction.

This is the way I think about it — no one talks about weather reporters “predicting” the weather, correct? Even if the weather reporter has access to the most high-tech equipment in the world, the most up-to-date computer models and etc. — we all understand that meteorological systems are highly complex, nonlinear, dynamic systems. They’re subject to the “butterfly effect,” (e.g., sensitive dependence on initial conditions), and therefore large, unpredictable things can happen, particularly at longer time frames. So, weather reporters are understood to make forecasts of the weather, which sometimes have inherent within them, a significant degree of uncertainty.

The Cindicator Bot is the same thing — it doesn’t issue predictions, it issues forecasts, with varying degrees of confidence. Like weather forecasting, it is subject to the “butterfly effect” and “black swan” events (a la Nassim Nicholas Taleb), but at the same time, the technology is so strong, much the same way a highly competent weather forecast can helpfully plan your day or week, your vacation or social events, etc. — Cindicator can provide a powerful additional edge to help gauge the way the market is moving. BUT, it’s not a crystal ball, and anyone who criticizes doesn’t understand what Cindicator is trying to do, and will end up frustrated as they won’t be using the tool correctly.

Cindicator Proves that Blockchain Technology has Real World Applications

Just owning CND, accessing the Explorer tier, and seeing the results that Cindicator is getting, and the amount of work that the team is putting into building their ecosystem — this has been incredibly reassuring to me as to the overall health and direction of the cryptocurrency space. There’s a lot of criticism (and rightly so) that there are frankly far too many ICOs and coins out there that really serve no actual purpose — they’re just money grabs and “shitcoins.” Not Cindicator. Cindicator proves, in my view, that blockchain technology is here to stay.

But, I have a big problem with Cindicator I’d like to share with you.

I hold a decent amount of CND tokens, and because I understand how valuable these coins are (because of what the Cindicator Bot delivers), I also understand that my investment in Cindicator’s ecosystem (via my purchase of CND tokens) will likely significantly increase in value as the market matures and they continue to improve their product line.

I’m kind of dreading this eventuality — because I confess, I will have an extremely difficult time selling my CND coins!!! Why would I sell something that gives me such a significant return on my investment, and is such a valuable investment in my future as an investor? The future is bright for Cindicator — which means I’m due for a big internal struggle with myself. Ah, well.

Thanks for listening. 😊