BTC Sentiment Poll for October | Bitcointalksearch.org

RealMalatesta

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Quote from: _BlackStar on October 31, 2022, 02:27:45 AM

Quote from: btc78 on October 30, 2022, 07:51:50 PM

I hope that next will be more profitable in our Part as Bitcoin Holder than the previous months of this 2022.

November is a thing, last year's ATH happened in November ^{[$69,000 on November 10]} so there might be a slight increase around there. But I don't think it's a good guideline to assess the chance, but I do believe some strong fundamentals will have an impact on November prices.

That's the kind of month that I love so much. When it doesn't go up that means I can buy cheap, when it doesn't go down that means all the ones I bought so far doesn't lose value, which means it stays the same price, I am neither losing more, nor I am losing a chance to buy at this price neither. It's the perfect month to collect as much bitcoin as you can, and that's what I tried doing as much as I can.

It's not an easy task, it's definitely a hard one, but at the end of the day it's not going to be an impossible situation neither for bitcoin to go up and make me happy too. I would be happy of the price going up, I just don't feel like it's a must, it could stay and I would still feel happy.

tokeweed

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Quote from: Chato1977 on October 30, 2022, 08:10:12 PM

The votes fails to win , because it is not Down compare to what the results says , I think there are more to come in the coming weeks?
Bitcoin made an Uptrend for the last week of October and now staying at 20k level and continues growing .

The thread is not about 'the votes and to win', it's more about setting up a poll to get some sort of read or feel for what the market sentiment is for the guys here in at BCT. And judging from the votes the sentiment isn't negative or positive. It's mostly neutral.

I wouldn't say uptrend just yet. But it did break out and it's holding 20k. That's a slightly positive sign for sure. I would've liked it to bounce strong at 20.5k tho.

_BlackStar

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Quote from: btc78 on October 30, 2022, 07:51:50 PM

the Month has ended now , and yet we only saw small increase in which means nothing special in October , lets see what next month brings as November we will be having another sentiments.

What I want to say special is that bitcoin didn't really go down as some had predicted. Even if October only leaves the last day on the calendar, then we haven't seen anything big to go down or up so October is just a sideway for me.

Quote from: btc78 on October 30, 2022, 07:51:50 PM

I hope that next will be more profitable in our Part as Bitcoin Holder than the previous months of this 2022.

November is a thing, last year's ATH happened in November ^{[$69,000 on November 10]} so there might be a slight increase around there. But I don't think it's a good guideline to assess the chance, but I do believe some strong fundamentals will have an impact on November prices.

Crypto Legend

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October will soon pass and it seems like it will be closed at a price of $ 20K, but this is a good thing and hopefully it will be the beginning of the resurrection, I hope that November can reach $ 25K, and not drop it again under $ 20K. And at the end of 2022 it can return to the $ 30K level so that it becomes a good start in 2023 can skyrocket again.

Chato1977

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The votes fails to win , because it is not Down compare to what the results says , I think there are more to come in the coming weeks?
Bitcoin made an Uptrend for the last week of October and now staying at 20k level and continues growing .

btc78

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the Month has ended now , and yet we only saw small increase in which means nothing special in October , lets see what next month brings as November we will be having another sentiments .

I hope that next will be more profitable in our Part as Bitcoin Holder than the previous months of this 2022.

Minecache

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Quote from: Baofeng on October 30, 2022, 12:45:47 PM

Yes, the whole crypto space have been in the upside in the last 7 days, not sure what causes it, but if the United States has indicating some positive news then maybe some of the markets as well will have a good rally. However, there is the war still in the background for the Biden administration that can really affect their economic outlook in the future. The war has been dragging us for almost a year now and entering another critical path in the last 2 months.

According to my research, the reason the market has prospered in recent days is because PMI and GDP both increased more than expected, which means that the economy is recovering gradually, not as bad as before and the possibility of getting out of the recession is very high. But that won't send the market waxing strong, because the Fed will see the economy as fine, they will be more aggressive in raising interest rates to find a way to bring down inflation faster. November is coming and how the market behaves depends on the Fed's decision with this rate hike.

gantez

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Quote from: Reatim on October 12, 2022, 04:26:19 AM

I believe there is also a growth this month , and yes there will be more to come in the coming months as we are closing the year.

I also consider the current price as growth. The price not going up with a lot of volatility is not meaning it didn't increase but the price stayed stable between $18k to $20k. This make the confidence to also rise. The month of October was stable enough to my knowledge, it was not bullish or bearish but now we are approaching November, maybe volatility can come because of December is already here.

Baofeng

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Quote from: OgNasty on October 28, 2022, 07:44:14 PM

Quote from: ?? on ??

Quote from: kawetsriyanto on October 28, 2022, 05:04:25 AM

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

On the contrary, it seems to me that Bitcoin is now finally out of the danger zone, which is a good indicator for October. It's hard for me to predict what will happen next year, but so far I see a positive trend in the current price direction. Hopefully in November the rise will continue and if bitcoin stays above 20.5k next week, we might really see a mini bull run.

It does feel like Bitcoin is out of the danger zone for now.

Possible, but still to early to say that we are 'secure' from now. For me, we should at least get to $25k-$30k before the end of the year if we wanted to be feel protected from another lower lows.

Quote from: OgNasty on October 28, 2022, 07:44:14 PM

Assets have been rallying hard this week as it's starting to look like the United States might already be out of recession, signaling that the flight to safety which was being decimated by inflation might now be turning toward scooping up distressed assets. The exceptions maybe being big tech like Amazon, Tesla, Meta, taking a massive hit in their values as investors are returning to a more normal environment. I think a lot of money that came out of bonds was dumped into what people thought were safe stocks, and that led to the crash in some big name tech companies.

Yes, the whole crypto space have been in the upside in the last 7 days, not sure what causes it, but if the United States has indicating some positive news then maybe some of the markets as well will have a good rally. However, there is the war still in the background for the Biden administration that can really affect their economic outlook in the future. The war has been dragging us for almost a year now and entering another critical path in the last 2 months.

OgNasty

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Quote from: ?? on ??

Quote from: kawetsriyanto on October 28, 2022, 05:04:25 AM

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

On the contrary, it seems to me that Bitcoin is now finally out of the danger zone, which is a good indicator for October. It's hard for me to predict what will happen next year, but so far I see a positive trend in the current price direction. Hopefully in November the rise will continue and if bitcoin stays above 20.5k next week, we might really see a mini bull run.

It does feel like Bitcoin is out of the danger zone for now. Assets have been rallying hard this week as it's starting to look like the United States might already be out of recession, signaling that the flight to safety which was being decimated by inflation might now be turning toward scooping up distressed assets. The exceptions maybe being big tech like Amazon, Tesla, Meta, taking a massive hit in their values as investors are returning to a more normal environment. I think a lot of money that came out of bonds was dumped into what people thought were safe stocks, and that led to the crash in some big name tech companies.

tokeweed

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Quote from: btc_angela on October 28, 2022, 07:30:48 AM

Quote from: ShowOff on October 28, 2022, 05:50:04 AM

Quote from: kawetsriyanto on October 28, 2022, 05:04:25 AM

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

I'm sure it's not a bullrun or whatever term they say about those small gains.
In fact an increase like this can be considered normal because some news has made the market sentiment change where there is an increase in demand in the market. But an increase like this will not last much longer because there are many negative issues that can affect investors' interest in buying lots.

Actually I didn't expect the price to drop to $17K or lower, but considering the recession issue then I would consider it a risk to be more prepared for market conditions. Even if I want to buy every dips, then I will really consider DCA so I can take better chances to accumulate.

I think our concern is not whether the price could go up significantly, how ever we call them.

But where the bottom price will be in this bearish market. So far the lowest low is $17,500, but who knows, we might see a new record next year. it's important because we can really gauge how deep the market will be and what is the potential growth in the future. For this month, we can simply say that the price could be just above $20K and I think we should be happy that we will end this month at that price.

^ Yup. We really couldn't expect BTC and all the other alts to claw their way up from here and recover all the ground lost since November last year. :/ I mean with everything that's going on all around the world. Buuut we should like what we're seeing right now too. BTC never went below 18k for long and now it looks like 20k is gonna hold too. I won't mind if the market loses momentum and goes side ways again from here on out as long as 18k - 20k holds... I'd consider it a win.

I locked the poll a couple of days ago. No use trying to get the sentiment for the month through the poll when the month is almost over.

yudi09

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Quote from: cryptomaniac_xxx on October 27, 2022, 07:30:58 AM

Quote from: yudi09 on October 27, 2022, 03:45:19 AM

The price increase from $18,319.82 to $20,938.13 in a matter of % months can at least be an encouragement for traders who are starting to look bored with the market situation.
$25K is the target for the end of this month and the initial target as we enter early November.
We admit that the movement of the price chart this week can't be said to be strong, it could go down again and the movement of the price chart at this time we can't say that the bullrun market has started.

$25k might be too high for a target at the end of this month, it's better to put a conservative value like $22k.

But we will see, and hopefully starting November this sort of mini bull run will continue and there will be struggle to that $22k price. Because if we did hit that one and maintain throughout November then everyone will be at least glad to see that the price remains above $20k and there is no lower lows. And so with the current surge in the last 2 days, traders and investors started to get excited again.

For a few more days towards the end of the month, $25K looks high. We call this target because the price is increasing with the initial assumption that it can be close. It turns out that the surge that occurred was not too strong to reach the price we are talking about.
Right now we are in the $20.5K price range. That means there is an increase of about 7.7% in the 7D count.

btc_angela

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Quote from: ShowOff on October 28, 2022, 05:50:04 AM

Quote from: kawetsriyanto on October 28, 2022, 05:04:25 AM

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

I'm sure it's not a bullrun or whatever term they say about those small gains.
In fact an increase like this can be considered normal because some news has made the market sentiment change where there is an increase in demand in the market. But an increase like this will not last much longer because there are many negative issues that can affect investors' interest in buying lots.

Actually I didn't expect the price to drop to $17K or lower, but considering the recession issue then I would consider it a risk to be more prepared for market conditions. Even if I want to buy every dips, then I will really consider DCA so I can take better chances to accumulate.

I think our concern is not whether the price could go up significantly, how ever we call them.

But where the bottom price will be in this bearish market. So far the lowest low is $17,500, but who knows, we might see a new record next year. it's important because we can really gauge how deep the market will be and what is the potential growth in the future. For this month, we can simply say that the price could be just above $20K and I think we should be happy that we will end this month at that price.

ShowOff

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Quote from: kawetsriyanto on October 28, 2022, 05:04:25 AM

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

I'm sure it's not a bullrun or whatever term they say about those small gains.
In fact an increase like this can be considered normal because some news has made the market sentiment change where there is an increase in demand in the market. But an increase like this will not last much longer because there are many negative issues that can affect investors' interest in buying lots.

Actually I didn't expect the price to drop to $17K or lower, but considering the recession issue then I would consider it a risk to be more prepared for market conditions. Even if I want to buy every dips, then I will really consider DCA so I can take better chances to accumulate.

kawetsriyanto

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Quote from: cryptomaniac_xxx on October 27, 2022, 07:30:58 AM

$25k might be too high for a target at the end of this month, it's better to put a conservative value like $22k.

Yep. October will end in 3 days, it seems very hard to see Bitcoin price achieving $25k.
During this month, Bitcoin price has no significant move, it is only around $19k to $20k. Considering this fact, I assume Bitcoin price won't be above $20k until the next month.

Quote from: cryptomaniac_xxx on October 27, 2022, 07:30:58 AM

But we will see, and hopefully starting November this sort of mini bull run will continue and there will be struggle to that $22k price. Because if we did hit that one and maintain throughout November then everyone will be at least glad to see that the price remains above $20k and there is no lower lows.

Mini bullrun? Undecided

I think it is only a common increase, and the increase isn't so significant.
If Bitcoin price can survive above $20k throughout November, it is very possible that Bitcoin price won't drop to $18k - $19k again.
However, if there is big news about a recession in the next year, I guess Bitcoin may have a new ATL (below $17k).

Tony116

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Quote from: Reatim on October 27, 2022, 04:30:05 AM

with 4 days remaining in October , and with close votes from the Poll , I think it is indeed growth is what we are having this Month and may have another chance to stay pumping this next month..

so obviously it is Upward for the bitcoin price this October though stagnant in the starting weeks .

Have you checked the bitcoin chart again, the price is falling back and getting close to the 20k zone, looks like this short term rally is over and only going for 3 days. Yesterday, GDP was announced and higher than expected which is good news but somehow the market reacted the opposite way. Many people believe that a high GDP shows that the economy has not yet weakened and this is why the Fed will be more aggressive to control inflation instead of being gentle for fear of the economy falling into a recession. We will most likely end October with the next red candle.

traderethereum

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Because October is almost over and we don't see any sharp increase or decrease in the price of bitcoin, the price "only" has increased slightly.
The increase in the price of bitcoin today is still not too significant but is enough to attract profits, especially if we buy bitcoin when the price is at $ 17k.
And we can only hope that in the next 2 months, the price of bitcoin can reach $25k or even more so that it can provide more profits.
But if that doesn't happen, we should be prepared to buy if the price drops below $20k.

lepbagong

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Quote from: Reatim on October 27, 2022, 04:30:05 AM

with 4 days remaining in October , and with close votes from the Poll , I think it is indeed growth is what we are having this Month and may have another chance to stay pumping this next month..

so obviously it is Upward for the bitcoin price this October though stagnant in the starting weeks .

I think I really want bitcoin to start showing itself, but I'm pessimistic because the world is not in a good state. so very sure it will affect bitcoin to be able to move better, although other possibilities will always happen.
i don't see that bitcoin will improve until the end of the year, maybe increase from now, but it's just trying to improve it might be up to $30K which is a good thing

cryptomaniac_xxx

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Quote from: yudi09 on October 27, 2022, 03:45:19 AM

Quote from: Jating on October 26, 2022, 05:54:15 AM

Quote from: yudi09 on October 26, 2022, 02:20:37 AM

Quote from: rokok lokal on October 23, 2022, 03:41:38 AM

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

It's already moved to $20.2K from $19K and we'll see in the remaining days if it's strong enough to hold above $20K?
Why do I say how strong we are to survive, because we are in the middle of an ailing economy.
The movement of the price of Bitcoin in the midst of inflation shows that don't judge by price but by value.

And that is the big question right now, yes we have enjoyed 7% increased in the last 24 hours, (when was the last time we have seen this?) and we still have like 5 days to maintain at this level. So for me, we shouldn't be happy of the increased. I mean too early to celebrate as we don't know if the price can hold up to the end of the month. Or suddenly there is a selling pressure, catching a falling knife scenario.

The price increase from $18,319.82 to $20,938.13 in a matter of % months can at least be an encouragement for traders who are starting to look bored with the market situation.
$25K is the target for the end of this month and the initial target as we enter early November.
We admit that the movement of the price chart this week can't be said to be strong, it could go down again and the movement of the price chart at this time we can't say that the bullrun market has started.

$25k might be too high for a target at the end of this month, it's better to put a conservative value like $22k.

But we will see, and hopefully starting November this sort of mini bull run will continue and there will be struggle to that $22k price. Because if we did hit that one and maintain throughout November then everyone will be at least glad to see that the price remains above $20k and there is no lower lows. And so with the current surge in the last 2 days, traders and investors started to get excited again.

Reatim

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with 4 days remaining in October , and with close votes from the Poll , I think it is indeed growth is what we are having this Month and may have another chance to stay pumping this next month..

so obviously it is Upward for the bitcoin price this October though stagnant in the starting weeks .

yudi09

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Quote from: Jating on October 26, 2022, 05:54:15 AM

Quote from: yudi09 on October 26, 2022, 02:20:37 AM

Quote from: rokok lokal on October 23, 2022, 03:41:38 AM

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

It's already moved to $20.2K from $19K and we'll see in the remaining days if it's strong enough to hold above $20K?
Why do I say how strong we are to survive, because we are in the middle of an ailing economy.
The movement of the price of Bitcoin in the midst of inflation shows that don't judge by price but by value.

And that is the big question right now, yes we have enjoyed 7% increased in the last 24 hours, (when was the last time we have seen this?) and we still have like 5 days to maintain at this level. So for me, we shouldn't be happy of the increased. I mean too early to celebrate as we don't know if the price can hold up to the end of the month. Or suddenly there is a selling pressure, catching a falling knife scenario.

The price increase from $18,319.82 to $20,938.13 in a matter of % months can at least be an encouragement for traders who are starting to look bored with the market situation.
$25K is the target for the end of this month and the initial target as we enter early November.
We admit that the movement of the price chart this week can't be said to be strong, it could go down again and the movement of the price chart at this time we can't say that the bullrun market has started.

Jating

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Quote from: yudi09 on October 26, 2022, 02:20:37 AM

Quote from: rokok lokal on October 23, 2022, 03:41:38 AM

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

It's already moved to $20.2K from $19K and we'll see in the remaining days if it's strong enough to hold above $20K?
Why do I say how strong we are to survive, because we are in the middle of an ailing economy.
The movement of the price of Bitcoin in the midst of inflation shows that don't judge by price but by value.

And that is the big question right now, yes we have enjoyed 7% increased in the last 24 hours, (when was the last time we have seen this?) and we still have like 5 days to maintain at this level. So for me, we shouldn't be happy of the increased. I mean too early to celebrate as we don't know if the price can hold up to the end of the month. Or suddenly there is a selling pressure, catching a falling knife scenario.

Although it's interesting how the votes turn out to be, members think that we will see more downside. And it just shows that bitcoin market is really going on the opposite direction when the majority think it will go this way.

yudi09

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Quote from: rokok lokal on October 23, 2022, 03:41:38 AM

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

It's already moved to $20.2K from $19K and we'll see in the remaining days if it's strong enough to hold above $20K?
Why do I say how strong we are to survive, because we are in the middle of an ailing economy.
The movement of the price of Bitcoin in the midst of inflation shows that don't judge by price but by value.

FanEagle

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Quote from: pooya87 on October 21, 2022, 07:22:51 AM

Quote from: tokeweed on October 20, 2022, 09:15:19 AM

^ Mmm.. Would it be possible that the BTC market's reaction is currently lagging behind the world economy right now?

No because the market reacted very quickly in the past to the major global economical crisis (this time included). Any future negative reaction (meaning a big dump) needs to happen because of another big economical crisis, or maybe another war that makes it into the news to scare people and the economy.

Nothing of sorts could happen. I mean technically speaking there is another economical crisis on the way, but we are very well aware of it. First governments gave us all free money, now they are trying to take that away, and UK already had it, they lost a good chunk of their value, and other nations will follow in the next one year for sure, some will be doing worse than the others, and some won't be doing that worse, but they will all be going worse than their current situation.

But this is not a news, recession is known and very well prepared for, people who are not ready for it could be shocked when it happens but anyone who remembers 2008 will be already taking a position.

bestcoins1

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Quote from: rokok lokal on October 23, 2022, 03:41:38 AM

This gives us a chance to watch and wait.

This poll shows that there is a large amount of uncertainty in society regarding whether Bitcoin will recover from its current slump.

Bitcoin will recover from its slump so far, because in fact Bitcoin is still believed and trusted by many people in the world as the best asset at this time so that some developed countries have also started to see and like Bitcoin for adoption. So don't worry about the decline that has occurred so far in Bitcoin, because as long as there are more people or people who like Bitcoin, then the opportunity to increase the price of Bitcoin will definitely happen again, although not in the near future because it still looks difficult at the moment. And I also don't think that the increase in Bitcoin will happen any time soon.

Quote

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

The pessimism or optimism of people's thoughts on Bitcoin at this time is a very personal thing, because it is born from the thoughts of each person towards Bitcoin. And I personally am still very optimistic about Bitcoin because the bearish trend will not always happen in Bitcoin and the bulls will definitely come again to Bitcoin and other cryptocurrencies in the market.

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Quote from: FinneysTrueVision on October 10, 2022, 11:20:29 PM

I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

All what we have noticed is that bitcoin did not go further down as expected, neither is the price increasing above $20000, but getting to $20000 is more becoming impossible. The support has been at $19000 for quite long now. Anytime it goes further below $19000, it is increasing back to $19000 again. This has happened often in October, this makes the price of bitcoin not to be that volatile in October. I am thinking this will lead to a bear market that may be followed by a massive bull market in the coming months.

Ayers

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many people predict that October is a good month for bitcoin but there is only 1 week left until the end of October and now it can be said that bitcoin has not had any good movement this month. i also hope this month we can see $23k before entering a darker November, since we will face a rate hike in November, it is unlikely to avoid a dumping, and a new bottom is likely in November. too many negative things will happen between now and the end of the year

rokok lokal

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This gives us a chance to watch and wait.

This poll shows that there is a large amount of uncertainty in society regarding whether Bitcoin will recover from its current slump.

In fact, BTC Sentiment has not been this low until now. Only time will tell whether the community is pessimistic about Bitcoin's opportunities or whether the trend will continue to fall lower.

In my opinion, BTC price looks good. although it is currently still severely corrected. Nothing too unexpected or dramatic happened this time. There is no sign of a rally yet, but neither is it collapsing under its own weight. The price seems to be in a holding pattern.

GeorgeJohn

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I think the situation of Bitcoin price will go a little down because when observing the price right now, it's noticable that the price is fluctuating and it's not constant in price, so the price of Bitcoin will be down within the month but necessary ir really as people expectations of down to twenty thousand or ten thousand (12-10) as people speculate everytime concerning the price circle.

Jating

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Quote from: iamsange on October 21, 2022, 10:03:04 AM

Quote from: Kadal Ijo on October 21, 2022, 01:42:33 AM

About 10 days we will leave October, and the current price is around $ 19K and there is a chance to go down below $ 19K, if it does not rise immediately I am sure the price will continue to fall until the end of the year, but as an investor then the best thing is don't panic .

Don't panic here, it should be straightened out as never sell an asset when the price is still cheap or when it's down. Because true investors who always love their assets will obviously keep every valuable asset they are in bear conditions and they will survive not to sell their holdings in bad conditions like now.

Well it move down a bit, but it seems to have recovered about $19k again. And yes, we don't need to panic, this is the final stretch of the year and we might see the same pattern till December and I will say that if we maintain at this level, it's already a big win for us. I mean there is a speculation that we might see another low, but so far we haven't and hopefully we can maintain it that way.

And looking at the votes, it is very very close, 30% split between the 3 options. So even in the poll members are still in the middle. Maybe in December there could be a few % spike but that's it.

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Quote from: Kadal Ijo on October 21, 2022, 01:42:33 AM

About 10 days we will leave October, and the current price is around $ 19K and there is a chance to go down below $ 19K, if it does not rise immediately I am sure the price will continue to fall until the end of the year, but as an investor then the best thing is don't panic .

Don't panic here, it should be straightened out as never sell an asset when the price is still cheap or when it's down. Because true investors who always love their assets will obviously keep every valuable asset they are in bear conditions and they will survive not to sell their holdings in bad conditions like now.

aylabadia05

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Quote from: tokeweed on October 20, 2022, 09:15:19 AM

^ Mmm.. Would it be possible that the BTC market's reaction is currently lagging behind the world economy right now? Like there's a group of holders out there who think it's the bottom and they're all hopeful that it's all going up from here on out sooner or later... In other words there's a group of holders out there that hasn't capitulated yet and when they do, it would be the perfect time to get in.

The value of crypto assets is still in the consolidation phase, because market participants still do not dare to act in the market. There is a possibility that market participants make several considerations before starting market activity and in my opinion it is because of expectations of the Fed's interest rate increase and the implementation of the Fed meeting which is planned to be held in a few weeks. This will be a barrier to the price push to increase.

For the current market situation, long-term hold would be very nice. It would be better if investors who are not prepared for risk are better off not visiting the market often because it can make the fear increase.

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Quote from: tokeweed on October 20, 2022, 09:15:19 AM

^ Mmm.. Would it be possible that the BTC market's reaction is currently lagging behind the world economy right now?

No because the market reacted very quickly in the past to the major global economical crisis (this time included). Any future negative reaction (meaning a big dump) needs to happen because of another big economical crisis, or maybe another war that makes it into the news to scare people and the economy.

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About 10 days we will leave October, and the current price is around $ 19K and there is a chance to go down below $ 19K, if it does not rise immediately I am sure the price will continue to fall until the end of the year, but as an investor then the best thing is don't panic .

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Quote from: bitterguy28 on October 20, 2022, 12:26:05 AM

there are small voters now , as october is near coming to end wondering what happened? are Bitcoin believer starts to lose their Hope this month or at least this year?

I still have hopes for this year though not that High? but still hanging to bitcoin may take good movement before the year ends.

Some are actually hoping to get a good entry point, so you cannot simply say Bitcoin folks are lossing their hopes just because you're not seeing any progress for a bounce back.
And in terms of Bitcoin recovery this month alone, I don't think we'll about to see it as the world is facing economic crisis. Fiat currencies weakens plus the hyper inflations. Some people might've ran out of budget to buy more fractions as they're also tightening their daily budget for necessities and bills.

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^ Mmm.. Would it be possible that the BTC market's reaction is currently lagging behind the world economy right now? Like there's a group of holders out there who think it's the bottom and they're all hopeful that it's all going up from here on out sooner or later... In other words there's a group of holders out there that hasn't capitulated yet and when they do, it would be the perfect time to get in.

What does everybody think? I look at the chart and it seems like 17k - 18k is bought up then nothing. Those buyers could be getting worried atm as there's not a whole lot of other buyers getting in with them. And with the whole economy everywhere going in a bad spot too.

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Quote from: tokeweed on October 19, 2022, 09:48:04 AM

So if the market really has more noobs and more people hoping for another drop... Does that mean you think that there are more chances for BTC of starting to trend up than continue trending down from here on out? Have we really now hit the bottom?

If so, how confident are you that BTC is now at the bottom? Say around 70% confident that BTC is at the bottom?

Anyway, I think I know my next poll for November if BTC still stays in a tight range.

The number of noobs or better said "weak hands" and their percentage compared to the rest of the market participants changes based on market conditions. For example during 2017 bull run when new ATH was being set regularly, there were a lot more weak hands who had no idea what they were doing compared to 2018 when a new low was set as the bobble popped.

In other words the weak hands sell when the drops happen specially in a big crash like what we had recently. This means we are either at the bottom or very close to it since there is not many of them left to panic sell and cause a big crash.

If we are only considering weak hands alone then we should be at the bottom but weak hands are not the only thing affecting the price. There are a lot of other contributing factors.
For example when the pandemic began the world economy crashed hard which in turn affected bitcoin price. These days most of the world economy is crashing again and that has affected bitcoin price.

But we also have to consider that the world economy has been crashing and is still crashing as we speak but bitcoin price has NOT been dropping for months. Looking at the charts price hit $17590 on June 18 and has not been able to go any lower, that was 4 months ago.

RealMalatesta

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Quote from: tokeweed on October 19, 2022, 09:48:04 AM

So if the market really has more noobs and more people hoping for another drop... Does that mean you think that there are more chances for BTC of starting to trend up than continue trending down from here on out? Have we really now hit the bottom?

If so, how confident are you that BTC is now at the bottom? Say around 70% confident that BTC is at the bottom?

Anyway, I think I know my next poll for November if BTC still stays in a tight range.

I am feeling 100% confident that bitcoin hit the bottom already, even if it goes any lower, it will not hit any lower than the bottom we already hit. I think it was somewhere close to 17.5k if I am not wrong, the past 2 years bottom give or take since the bull run started, and the lowest we reached during the bear market. That was so low, and I doubt we would ever reach that again.

This is why I am feeling like we are not going to really see anything that is going to really change much, and why I am buying as much as I can afford, since I trust it to do a lot better, I am not sure how it will happen, or when, but I am sure it will eventually happen one day.

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Quote from: justdimin on October 15, 2022, 03:26:03 AM

Quote from: ethereumhunter on October 14, 2022, 01:34:53 AM

Quote from: tokeweed on October 13, 2022, 01:00:00 PM

^ Ok... So if it's going 'down and down' at what price do you think BTC will drop into? Is 15k a possibility you think? Looking at the chart right now, it feels like 17.5k - 18k is protected. There are market forces out there not allowing BTC to drop down below it. And it could be different groups doing it to protect their bags and their self interests. I could imagine miners doing it, exchanges too. Maybe even guys like Michael Saylor could be in the mix. I'm not saying they're working together, just saying they're there.

It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.

There are too many people who are afraid of price being lowering that fast, and we all know that it won't, it's fine though they can believe in whatever they want to, it's not really going to change anything. I personally believe that the best thing to do right now would be buying up bitcoin for the future profit because I am a bitcoin maximalist, and I believe that even when there are some falls, the long term trajectory of bitcoin is always up, and that's an important reason for me to invest into bitcoin.

This is of course not a guaranteed thing, but it is a good thing that will help us in the long run. This is why it's best if we could invest now, but be careful anyway.

I think it's because bitcoin's movement is now wilder than before and it's unpredictable where it will go. Those afraid will surely miss the moment to buy because they don't dare to take the risk.

If they could think about buying bitcoin and keep it for a certain time, they wouldn't be too afraid or worried about the price movement. That will make them a holder with a strong hand holding bitcoin for the long term. And only people like this can really benefit greatly in the future.

bitterguy28

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there are small voters now , as october is near coming to end wondering what happened? are Bitcoin believer starts to lose their Hope this month or at least this year?

I still have hopes for this year though not that High? but still hanging to bitcoin may take good movement before the year ends.

adaseb

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Inflation up in UK and in Canada. Bonds inverted for the 3 month and 10 year. We also hit new high on the yields.

Stocks on the other hand a doing better since earnings are good. No idea which way to take this.

Volatility is so low that something has to happen sometime soon. Been in this range way too long.

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Quote from: eaLiTy on October 19, 2022, 03:59:19 PM

Quote from: FinneysTrueVision on October 10, 2022, 11:20:29 PM

I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

Fair point, if there are more negative news in the coming months the support we have now will crack and even when Biden is assuring that nothing is going to happen, i do not believe him one bit as he cannot even remember what he did a few minutes back and with the way things are going, recession will hit bad and then Biden will find a way to blame others rather than owning up and it will have an impact on the entire economy.

So with the above mentioned situation we cannot look at the past charts and make a prediction on how the price will react this month.

Yeah, the recession is really hurting everyone at this point, not just crypto market. Even if Biden is not anti-bitcoin, still the market will not improved because of the worsening inflation around us.

So it will still be very long crypto bear market, this is just the start of the year and yeah, it could be worst next year when the price is being predicted to go down to $15k. Worth to mentioned as well that the war is still raging in Russia and it seems the Putin is hell bent of annexing Ukraine as he mobilized around 50,000-60,000 soldiers and declare martial law on cities that they have "won" on Ukraine grounds. So there is a lot that is really happening affecting every financial market.

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Quote from: tokeweed on October 10, 2022, 08:29:32 AM

I just look at the chart and figure it out if it's risk off or risk on.

Anyway.. Here's the monthly chart.

If we look at the chart it is worrying for investors. In the last few months the price of Bitcoin has stayed at $19k. I am more worried about such conditions than the price drops. We cannot ensure the continuation of the investment. Do have to buy or even be patient for a few months later.

eaLiTy

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Quote from: FinneysTrueVision on October 10, 2022, 11:20:29 PM

I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

Fair point, if there are more negative news in the coming months the support we have now will crack and even when Biden is assuring that nothing is going to happen, i do not believe him one bit as he cannot even remember what he did a few minutes back and with the way things are going, recession will hit bad and then Biden will find a way to blame others rather than owning up and it will have an impact on the entire economy.

So with the above mentioned situation we cannot look at the past charts and make a prediction on how the price will react this month.

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Quote from: ningrum on October 14, 2022, 04:07:01 AM

we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

Nah, Elon Musk doesn't have any influence on the market, so stop believing that. He has lost his so called reputation as a cyrpto or bitcoin influencer.

And if you noticed, if people are expecting that bitcoin is going or expecting this direction, suddenly the price goes on the opposite. So I guess the price will continue to be on a sideway pattern as majority have been seeing it that way. And on the contrary, I wouldn't be surprised if there will be some dump along the way, up to the end of year.

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Quote from: pooya87 on October 15, 2022, 11:14:22 PM

Quote from: justdimin on October 15, 2022, 03:26:03 AM

There are too many people who are afraid of price being lowering that fast,

Are there really?

Whenever we see someone talk about price drop there are two reasons for it.
First are those newbies who bought bitcoin (and are still holding it) and are worried about it dumping (or dying) because they read some FUD so they are afraid of the price drop and it is visible in what they say. These people are known as weak hands.

Second are those who have already sold their bitcoins and are hoping for the price to drop more so that they can buy more bitcoin with the fiat they are bagholding. When they talk about being "afraid of price drop" they are pretending and are telling others their wishes.

We currently have more of the second group than the first.

So if the market really has more noobs and more people hoping for another drop... Does that mean you think that there are more chances for BTC of starting to trend up than continue trending down from here on out? Have we really now hit the bottom?

If so, how confident are you that BTC is now at the bottom? Say around 70% confident that BTC is at the bottom?

Anyway, I think I know my next poll for November if BTC still stays in a tight range.

pooya87

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Quote from: justdimin on October 15, 2022, 03:26:03 AM

There are too many people who are afraid of price being lowering that fast,

Are there really?

Whenever we see someone talk about price drop there are two reasons for it.
First are those newbies who bought bitcoin (and are still holding it) and are worried about it dumping (or dying) because they read some FUD so they are afraid of the price drop and it is visible in what they say. These people are known as weak hands.

Second are those who have already sold their bitcoins and are hoping for the price to drop more so that they can buy more bitcoin with the fiat they are bagholding. When they talk about being "afraid of price drop" they are pretending and are telling others their wishes.

We currently have more of the second group than the first.

palle11

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Quote from: ningrum on October 14, 2022, 04:07:01 AM

we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

Don't expect bitcoin to bull just yet that is October. If Elon musk tweeted about bitcoin lately not many investors will fellow that because he dumped bitcoin and not saying good things about it. He is pushing dogecoin interest and not btc so we can just wait for the bull proper and not to rely on tweet. Last week was a little up and down lets see how this week will go whether a direction will be formed for trend.

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Quote from: ethereumhunter on October 14, 2022, 01:34:53 AM

Quote from: tokeweed on October 13, 2022, 01:00:00 PM

^ Ok... So if it's going 'down and down' at what price do you think BTC will drop into? Is 15k a possibility you think? Looking at the chart right now, it feels like 17.5k - 18k is protected. There are market forces out there not allowing BTC to drop down below it. And it could be different groups doing it to protect their bags and their self interests. I could imagine miners doing it, exchanges too. Maybe even guys like Michael Saylor could be in the mix. I'm not saying they're working together, just saying they're there.

It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.

There are too many people who are afraid of price being lowering that fast, and we all know that it won't, it's fine though they can believe in whatever they want to, it's not really going to change anything. I personally believe that the best thing to do right now would be buying up bitcoin for the future profit because I am a bitcoin maximalist, and I believe that even when there are some falls, the long term trajectory of bitcoin is always up, and that's an important reason for me to invest into bitcoin.

This is of course not a guaranteed thing, but it is a good thing that will help us in the long run. This is why it's best if we could invest now, but be careful anyway.

tokeweed

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Quote from: gurbar_nakub on October 13, 2022, 01:11:41 PM

Sideways until Christmas then UP

Yeah.. It looks likes it. There was a strong buy up backed by huge volume an hour before the US session started yesterday and it all continued in the green for the rest of the day and at night. I thought it was gonna follow through but no. It's now looking like another fake out. I'm glad I was sitting on my hands for this one. I guess I'll continue waiting for a break out over 20.5k before slowly getting in. Sure now could be a good entry as it's just going sideways but I don't really trust 18k, 17.5k to hold either. Lol.

Quote from: TheGreatPython on October 14, 2022, 01:03:03 AM

Quote from: Reatim on October 12, 2022, 04:26:19 AM

Looking at it? it seems like other member beat you in creating a Poll about prices as he ask about the predicted price for october here

https://bitcointalksearch.org/topic/--5415177

but for a change ? this is much better poll as it is general question and there is no need to indicate specific prices.

I believe there is also a growth this month , and yes there will be more to come in the coming months as we are closing the year.

There are other topics which include the poll if what price we think btc will reach this month but along with that, users can also comment if their desired price are not in the choices of the poll. They continue creating a thread like this because they think their thread is different from the other and this doesn't mean that they are competing with the other or trying to beat their threads but I agree with you, this one we have here is better than the others because this one is less complicated.

We only need to choose a direction and not the actual price. Though I only disagree when you say that there will be an increase this month so my vote will be downward movement.

And you guys noticed that I've been making these monthly sentiment polls since May right? If some people don't like it just gtfo and ignore it.

ningrum

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we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

ethereumhunter

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Quote from: tokeweed on October 13, 2022, 01:00:00 PM

^ Ok... So if it's going 'down and down' at what price do you think BTC will drop into? Is 15k a possibility you think? Looking at the chart right now, it feels like 17.5k - 18k is protected. There are market forces out there not allowing BTC to drop down below it. And it could be different groups doing it to protect their bags and their self interests. I could imagine miners doing it, exchanges too. Maybe even guys like Michael Saylor could be in the mix. I'm not saying they're working together, just saying they're there.

It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.

TheGreatPython

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Quote from: Reatim on October 12, 2022, 04:26:19 AM

Looking at it? it seems like other member beat you in creating a Poll about prices as he ask about the predicted price for october here

https://bitcointalksearch.org/topic/--5415177

but for a change ? this is much better poll as it is general question and there is no need to indicate specific prices.

I believe there is also a growth this month , and yes there will be more to come in the coming months as we are closing the year.

There are other topics which include the poll if what price we think btc will reach this month but along with that, users can also comment if their desired price are not in the choices of the poll. They continue creating a thread like this because they think their thread is different from the other and this doesn't mean that they are competing with the other or trying to beat their threads but I agree with you, this one we have here is better than the others because this one is less complicated.

We only need to choose a direction and not the actual price. Though I only disagree when you say that there will be an increase this month so my vote will be downward movement.

adaseb

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Today was an interesting day. Basically we got a bad CPI print. Everything tanked. Crypto and stocks. And then what happened? Complete reversal and we finished the day positive. Even now we are approaching $20K area.

What is interesting this happened before in July before we bottomed. We got a bad print but got a reversal. And it went all the way up to $25K. So I am assuming this is going to be something similar.

Baofeng

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Quote from: tokeweed on October 13, 2022, 01:00:00 PM

^ Ok... So if it's going 'down and down' at what price do you think BTC will drop into? Is 15k a possibility you think? Looking at the chart right now, it feels like 17.5k - 18k is protected. There are market forces out there not allowing BTC to drop down below it. And it could be different groups doing it to protect their bags and their self interests. I could imagine miners doing it, exchanges too. Maybe even guys like Michael Saylor could be in the mix. I'm not saying they're working together, just saying they're there.

If you ask me, I don't think that we can reach $17.5 or lower, or hit lower lows for this year. And yes $18k-$19k will be the price, it will trade sideways for me until we have a break out run to $22k-$25. But then again, since the market is very negative in the last 4 months we might still see this price at the end of the year. Saylor and other multi millionaire could be in the mix as well. But very careful on choosing when to enter and when to buy. I don't think that they are doing DCA, but probably buying in bulk when the price is around $18k.

But looking at the current price, it just bounces back to $19.4. Asian Market is open now so let's see how far they can push the price this Friday.

FanEagle

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Quote from: LogitechMouse on October 11, 2022, 02:26:39 AM

I did a quick search for the prices of Bitcoin in the past 7 years and here it is: LINK

Quote

2014 - 343.56
2015 - 327.58
2016 - 693.9
2017 - 6130.56
2018 - 6276.46
2019 - 9226
2020 - 13573.71
2021 - 61374.28

Also base on that website, if you will compare the prices of Bitcoin in September and October, you will see that only in 2014 and in 2018 where Bitcoin ended up lower than its previous month.

I believe in cycles especially in 4-year cycles and based on that alone, I predict that Bitcoin will be closing lower than its September price but not that much I guess so I voted for sideways. I also believe in the Halloween effect and the Christmas effect but there is no certainty that prices will go up in the last 2 months. I still believe as well that we will be going sideways at around $17,000-$25,000 for the rest of the year.

It’s cool to see that almost all the time bitcoin went up during October months, however it is important to realize the in between of those prices. For example in 2018, after that October month we dropped, and it was nearly to half of what it was, to around 3.4k levels, and during 2019 we dropped to around 7k as well, I am sure the examples could be expanded but the biggest is 2021 which was 61k and right now its 20k, more than half of it was gone.

So basically, it’s not an easy thing to see the beauty and not realize the beast as well. You need to realize that it doing something more than what it could possibly do, and we may see an increase, or we may see the bad side too.

savetheFORUM

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Quote from: peter0425 on October 10, 2022, 10:17:16 PM

At least now there is no Number to expect but only the movement , and you are more than a week late mate for this October sentiment Grin

I remember that each October there are at least good action coming from Bitcoin and some other altcoin also so yes I am confident that there are better price coming this October , Maybe giving my number at least and that is 25-30k? Grin

Yeah there are other threads already similar to this and I even think that one of it is from the op but I am wrong because he is late to post his own but this one is still acceptable because like you said there are no numbers in here in the poll though despite of that, you still give your own call via numbers and not via a movement but many people are also expecting that the same values will come out this last three months of the year and one of it is me.

I think once we break the 25k dollar barrier, the price will then move forward easily and it could even surpass the 30k dollar minimum that you wrote. Once it happens, altcoins are also going to follow it for sure.

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Sideways until Christmas then UP

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^ Ok... So if it's going 'down and down' at what price do you think BTC will drop into? Is 15k a possibility you think? Looking at the chart right now, it feels like 17.5k - 18k is protected. There are market forces out there not allowing BTC to drop down below it. And it could be different groups doing it to protect their bags and their self interests. I could imagine miners doing it, exchanges too. Maybe even guys like Michael Saylor could be in the mix. I'm not saying they're working together, just saying they're there.

so98nn

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Definitely going down and down since we are hitting all time high inflation since 40 years mate. It’s not a joke to economics, it’s mere terrifying timeline through which we have to pass on. It’s gonna be crazy times ahead and Most of the IT peeps are going to hit by it. Since bitcoin is more or less associated with blockchain and coding stuff it’s gonna be part of it. Peeps will be terrified with no jobs, no money, nothing to circulate or trade on mega scales. It could hit bitcoin directly and pull it down for sure.

pooya87

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Things are still very unpredictable considering how unpredictable global economy has become so going sideways is the most possible trend. Most traders are too scared to sell or buy so only day traders rule the market these days.
It is also worth mentioning that it could go in either direction at any time too. All it takes is a small nudge to kick start the market action again.

tokeweed

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Wtf is going on guys? I check the price more than a couple of hours ago, it was still looking fine trading in a tight range. I checked the price just now and it has dropped and looks like it's gonna break down crucial support. Is 15k really in the realms of possbility? If 15k happens... Whatever you do, don't check the 'rainbow chart'. Cheesy

I'm not sure what would cause BTC to start breaking down like this rn. What would be the catalyst?

And seriously.. I hope this sht stops. Not good for everybody.

Jating

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Quote from: Chato1977 on October 11, 2022, 09:54:29 PM

seemingly members here are tired of being Bullish so now the sentiment is downfall Grin

Yeah and that is also the sentiments currently, as much as we wanted to have a bounce this month, but we all know and see the price really going down but not necessarily hitting al time low.

Quote from: Chato1977 on October 11, 2022, 09:54:29 PM

anyway , How much are we expecting to be this October because i think there are still something good cooking for the month being starter of the last quarter.

Probably in the $20k'ish for me.

Quote from: Chato1977 on October 11, 2022, 09:54:29 PM

25k at least as I am still bullish .

Very difficult to see the price hitting $25k, even our best week last September, we didn't reach it, the highest we did was $22k only and then we go on overbought zone and so the price hit the selling point.

Reatim

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Eloncoin.org - Mars, here we come!

Looking at it? it seems like other member beat you in creating a Poll about prices as he ask about the predicted price for october here

https://bitcointalksearch.org/topic/--5415177

but for a change ? this is much better poll as it is general question and there is no need to indicate specific prices.

I believe there is also a growth this month , and yes there will be more to come in the coming months as we are closing the year.

kotajikikox

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Quote from: LogitechMouse on October 11, 2022, 02:26:39 AM

I did a quick search for the prices of Bitcoin in the past 7 years and here it is: LINK

Quote

2014 - 343.56
2015 - 327.58
2016 - 693.9
2017 - 6130.56
2018 - 6276.46
2019 - 9226
2020 - 13573.71
2021 - 61374.28

Also base on that website, if you will compare the prices of Bitcoin in September and October, you will see that only in 2014 and in 2018 where Bitcoin ended up lower than its previous month.

I believe in cycles especially in 4-year cycles and based on that alone, I predict that Bitcoin will be closing lower than its September price but not that much I guess so I voted for sideways. I also believe in the Halloween effect and the Christmas effect but there is no certainty that prices will go up in the last 2 months. I still believe as well that we will be going sideways at around $17,000-$25,000 for the rest of the year.

Thanks for this mate and yeah , i am also looking for sideways though we can see that its almost the same that after Halving that the changing per month happens.

but we have 17k in September meaning it is going to be 16k and lower? this is sad to see for sure as we are looking for chances to sell before the end year.

btc78

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"Go down"

this is what I think will happen this Month , because as we can see the economic problem worldwide , this will be another advantage from the manipulator to distract weak investors or those who relies in day trading , to make them suffer and sell while in losses.

but of course nothing is certain so either it will go sideways? or even Uptrend ? who really knows.

Dave1

hero member

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Well I try to be positive so I voted for "Up".

It's October and we should be in the final stretch for this year, and hopefully things will start to turn positive and maybe hit $25k and then we will go sideways till the end of the year. At least $25k is not far fetch and it could be achieved, just one positive news to push the market again.

inthelongrun

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For now, I made the tie-breaker between sideways and down. I also haven't tried analyzing the charts for weeks now. I voted down because October and November 2022 according to my earlier predictions, these two months will provide the lowest price of bitcoin. That is why I will start buying back this coming December whether it is up, moving sideways, or down. Most people that have bitcoins or are interested in it know that 2023 is the year before the halving so many will start investing again. Mid or late 2023 should be bullish again. Of course, the world situation will have its own impact on the market. There are more adoptions coming up, no doubt about this. The world order if it continues to be like this will somehow urge people to admire bitcoin and decentralization to keep away from dirty politics.

So my prediction at the end of the month should be between $15k to $17k.

Chato1977

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seemingly members here are tired of being Bullish so now the sentiment is downfall Grin

anyway , How much are we expecting to be this October because i think there are still something good cooking for the month being starter of the last quarter.

25k at least as I am still bullish .

ethereumhunter

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Since last month, it seems that the bitcoin price movement has become sideways and I feel this month, the movement will still be sideways, although there will still be ups and downs that will often occur in the market. While we'd like to see the price increase, at least hitting $22k-$25k, if there's no sentiment in the market, it's still not going to happen. But we are still given more time to buy more bitcoins, and hopefully, this month there will be a significant increase so that we can get more profits.

Fundamentals Of

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If I am not mistaken, this sideway movement of Bitcoin has already been happening since mid-June of this year. So this has been taking so long. Although there are a few minor breakouts, they didn't really amount to so much. So for months now the price is in a very boring state. There is a big possibility that the rest of October will just be like the previous months of the second quarter, but I would still like to believe that this month is Uptober. Let's get out of this boring game already.

bittraffic

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World events will be a big factor not just in the stock market but in the crypto markets. If Fed stops hiking interest rates I guess, we'd see prices going up. It's speculated that it will also float sideways for a few months as you said. A missed opportunity when sudden dive happens like a flash crash down to $17000.

Many speculations give hope when they read $14000 or $6000/BTC making them think of the opportunity.

yudi09

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To side. Maybe that's the right thing to describe Bitcoin's movement in October given the potential for inflation that will be expected to reach its highest this year although no one is able to accurately predict and analyze market price movements, but the continued impact of the recession can have an impact on Bitcoin prices even though the effect size is small.

Market conditions are still very influential on the US Dollar. This based on the use of the Dollar globally makes me feel that America has succeeded in exporting inflation to many developing countries.
Even so, I am still optimistic that the future of Bitcoin will be much better.

sheenshane

legendary

Activity: 2534

Merit: 1233

I voted sideways.

I didn't see that there's a sign that the Bitcoin price moving up this month, it could be the price will remain struggling at that range ATM.
Though I heard that there are some popular individual investors now that have invested in Bitcoin but I think that's wont the reason it will go upside. If we look at the daily candle it seems there's no sign of a bullish one. Sideways could be close to accurate results.

However, I'm very optimistic that the Bitcoin price will go up at the end of this quarter as the most anticipated moment.

Yaunfitda

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Activity: 2870

Merit: 594

I voted for sideways, and it seems that they whole year, we are going in a accumulation phase around $20k and so we can start at that price this month and maybe has some gains but then again falter in the last week of October. And this has been the trend and so I wouldn't be surprised a sideway pattern till the end of this year. Most likely around $19k-$22k I reckon. So it's not that bad, investors can still invest because it is still cheap and at a huge discount from our last all time high.

fuguebtc

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Quote from: FinneysTrueVision on October 10, 2022, 11:20:29 PM

I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

Before going into October, I expect the market to recover slightly before falling further in the coming months as October is considered a good month for bitcoin but now I think the opposite, I voted down and I think by the end of this month we will have a new bottom not just a drop. There is still no confirmation that the economy will go into recession, but this possibility is now very high. Recently, the US unemployment index fell but the market did not have a slight recovery, it can be seen that things are more pessimistic than optimistic. The world situation seems to be getting worse because yesterday Russia continued to strongly attack Ukraine, the escalation of the conflict is inevitable.

LogitechMouse

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I did a quick search for the prices of Bitcoin in the past 7 years and here it is: LINK

Quote

2014 - 343.56
2015 - 327.58
2016 - 693.9
2017 - 6130.56
2018 - 6276.46
2019 - 9226
2020 - 13573.71
2021 - 61374.28

Also base on that website, if you will compare the prices of Bitcoin in September and October, you will see that only in 2014 and in 2018 where Bitcoin ended up lower than its previous month.

I believe in cycles especially in 4-year cycles and based on that alone, I predict that Bitcoin will be closing lower than its September price but not that much I guess so I voted for sideways. I also believe in the Halloween effect and the Christmas effect but there is no certainty that prices will go up in the last 2 months. I still believe as well that we will be going sideways at around $17,000-$25,000 for the rest of the year.

OgNasty

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I'm on team down for the month. We usually see a rebound around Halloween, but I suspect the next two weeks might be a bit rocky. I wouldn't be surprised if we touched $17K before bouncing back up a bit. I think the next 9 months will likely be a grind downward, maybe as low as $12K before we start getting the rocket ready to launch for the 2024-2025 Bitcoin bull market. Still, if you're a long term believer, you'd be best served to scoop up as many sats as you can over the next couple of years.

FinneysTrueVision

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Activity: 1680

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I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

Don Pedro Dinero

legendary

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The first decentralized crypto betting platform

I have voted sideways, as I believe that until the mid-term elections in the USA we will not have significant changes, as long as we do not have very good or catastrophic news, for example, regarding the war.

I think that the price range around 20,000 USD has proved to be a fairly strong support, because while the stock market has continued to fall, the price of bitcoin has remained around that. But I see no reason for the price to go up, at least in a strong way. So, I think the rest of the month will be just as boring.

adaseb

legendary

Activity: 3808

Merit: 1723

Depends how the inflation data looks. I am assuming it’s going to be as expected and we trade sideways until November or December. I think this sideways volatility will continue.

If the numbers are very good or very bad then I see how we can break out of this tight range we are in. If we get a very positive number it means fed is hawkish and might increase rates even further. If we get a very negative then we will really because it means the fed will be more dovish.

peter0425

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Quote from: tokeweed on October 10, 2022, 08:29:32 AM

Here's an easy one. No BTC guessing games at what price or near what price by the end of the month. Just go by how and what you feel as you make the vote. Now I'm not going to vote in my own poll but right now I feel like it's all just gonna go sideways for a couple of months or so before we see what's up with the whole inflation thing. I haven't really been paying attention tbh. Lol. I just look at the chart and figure it out if it's risk off or risk on.

Anyway.. Here's the monthly chart.

At least now there is no Number to expect but only the movement , and you are more than a week late mate for this October sentiment Grin

I remember that each October there are at least good action coming from Bitcoin and some other altcoin also so yes I am confident that there are better price coming this October , Maybe giving my number at least and that is 25-30k? Grin

tokeweed

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Life, Love and Laughter...

Here's an easy one. No BTC guessing games at what price or near what price by the end of the month. Just go by how and what you feel as you make the vote. Now I'm not going to vote in my own poll but right now I feel like it's all just gonna go sideways for a couple of months or so before we see what's up with the whole inflation thing. I haven't really been paying attention tbh. Lol. I just look at the chart and figure it out if it's risk off or risk on.

Anyway.. Here's the monthly chart.

Topic: BTC Sentiment Poll for October (Read 667 times)