BTC Sentiment Poll for October | Bitcointalksearch.org

bitgolden

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Quote from: jcojci on Today at 10:47:14 AM

I vote for bullish although I predict the situation will almost be the same like the last month. We may see up and down many times but the chance for bullish will still be there. Even if the price now seems to go down, that will reverse and will start to increase. We never know what could happen this month or next months but we must still optimistic with the bullish of Bitcoin. The moment for the bull run will come soon so we must be patient and not panic if the price is down for more. That will be a good chance to accumulate more as we may not see that will happen in the future because the situation will change.

Steady is definitely a possibility, we have seen price stay steady for a while now, we do see ups and downs along the way but it ends up at around the same price so I can see why you would think like that.

What people do not know about volatility of bitcoin is that we end up with sometimes having a lot of drops and sometimes we have a lot of ups, but along the way most days are boring, those volatility days are smaller and not really that complicated and not that common.

What are seeing right now isn't really anything special, it is something that will not be making anyone rich overnight neither, so what we need to do right now would be just making sure we are dealing with something more special on the long run. I know that volatility will still happen, but it's less days that we have high volatility and more days where we are mostly stable and not making big deals, we just end up with something much bigger on the long run and couldn't really deal with anything else.

So, those 10%+ movement days are rarer in a year, whereas less than 1% movement days are more common and October could very well be one of those months. Or maybe not, we could be wrong about the movement of bitcoin too.

jcojci

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I vote for bullish although I predict the situation will almost be the same like the last month. We may see up and down many times but the chance for bullish will still be there. Even if the price now seems to go down, that will reverse and will start to increase. We never know what could happen this month or next months but we must still optimistic with the bullish of Bitcoin. The moment for the bull run will come soon so we must be patient and not panic if the price is down for more. That will be a good chance to accumulate more as we may not see that will happen in the future because the situation will change.

barisbilgili

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Quote from: AprilioMP on Today at 07:42:10 AM

Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.

The previous October assessments have me in agreement that past performance is more indicative of future results.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.

If you look at what happened in early October, then what you said is likely to happen, I am very optimistic about that.
And regarding past performance, it has been proven that it will be repeated, although not completely, but there will be the same movement as predicted if you look at past history, so I think there is no need to doubt it anymore.
And therefore this October we will see more positive price movements in the rest of October.

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Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.

The previous October assessments have me in agreement that past performance is more indicative of future results.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.

CryptoBuds

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Quote from: bbc.reporter on October 08, 2024, 10:19:00 PM

it appears that on this market, this is becoming very difficult to create my own assessment for this month. I am bullish very much similar to September, however, as a contrarian and witnessing that everyone has become bullish causes to speculate that October might be bearish heheheeh.

As the saying goes, being rich is not for the masses. Although I don't want to be bearish and don't expect things to get worse, as you said: when everyone is optimistic and expecting about "uptober". That actually makes me a bit pessimistic because the market always goes against the crowd instead of following the crowd. Most of the time, bitcoin only goes up when people are skeptical and doubtful, so when everyone is optimistic, that's when I'll be more careful than Fomo.

Personally, I think bitcoin will continue to move sideways and the market will continue to be gloomy until not many people believe that the uptrend is coming, then we can have a real bull season.

bitterguy28

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Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.

I maybe late in voting but obviously we are bullish this month and may also continue bullying till december as we have been seeing over the years most specially when there is halving around . and knowing that this year or the next will be the recording of new ATH? am sure many of us are very positive about this scenarios .

bbc.reporter

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it appears that on this market, this is becoming very difficult to create my own assessment for this month. I am bullish very much similar to September, however, as a contrarian and witnessing that everyone has become bullish causes to speculate that October might be bearish heheheeh.

There is also this news update from social media telling everyone that the American government is free to dump the coins that they have taken from Silkroad for free.

The #USgovernment now appears free to sell 69,370 $BTC($4.33B) confiscated from #SilkRoad Individual X.

On Oct. 7, the U.S. Supreme Court declined to hear Battle Born Investments' case over the ownership of 69,370 $BTC($4.33B) seized from #SilkRoad, giving the government full control over the seized funds.

Source https://x.com/lookonchain/status/1843692654653256195?s=12&t=fx2RmsbaS0qNJTJTdpNu2w

Iranus

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Quote from: $weetne$$ on October 05, 2024, 06:30:51 PM

Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

One thing that makes me to think that October is going to be bullish for Bitcoin is because of the US elections coming in November and the market is going to have some rally before the rise in November, therefore October has to be bullish. When we also look at history, October has been a very good month for Bitcoin and when this always happens is during the having year and 2024 is the having year. There has been some years that October has not being good for Bitcoin but is is not big in comparisons to years that October has been a good month. Regardless of what we think, I do not think we should be thinking of the market being that bearish when we are closer to the end of the year because we should not be expecting a bear market again maybe until we are done with the bull market that is to end in 2025.

Relying on history to predict the future is not a bad thing but I think we should not rely on it too much. Like September this year, history shows that September is a bad month and so everyone was bearish on bitcoin but eventually we got a 7.35% gain as the chart I shared earlier. Things don't always repeat exactly to the specific detail.

What I am concerned about is the instability in the Middle East and I hope it doesn't get too bad. But aside from that, there is a lot of positive news for us to expect that we will enter a bull season this October like the US election as you mentioned. News related to the US economy but CPI, Fed rate cut will be the news that helps the market grow strongly in the remaining months of the year.

Everything is in favor of the biggest bull run we've been waiting for, but let's see how it all plays out.

STT

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Look at the action right now, its a good rise past the weekly average. So we are a week into the month, I have to cast the vote here or its cheating :p Bullish is a fair take.

I love the monthly chart for its historic relevance which is vital perspective past and looking forward imo. The point I take not just that we're near that ATH action from years ago but more recently the August peaks have to be passed and left below us for Oct to really be called as positive.

If we get to end of OCT and dont achieve that much then mark my vote down as wrong because I will take it that way; we are near but not past that point of confidence just yet.

$weetne$$

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Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

One thing that makes me to think that October is going to be bullish for Bitcoin is because of the US elections coming in November and the market is going to have some rally before the rise in November, therefore October has to be bullish. When we also look at history, October has been a very good month for Bitcoin and when this always happens is during the having year and 2024 is the having year. There has been some years that October has not being good for Bitcoin but is is not big in comparisons to years that October has been a good month. Regardless of what we think, I do not think we should be thinking of the market being that bearish when we are closer to the end of the year because we should not be expecting a bear market again maybe until we are done with the bull market that is to end in 2025.

LogitechMouse

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Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.

The price movement of Bitcoin last month made me surprised so I will not be surprised if this month, Bitcoin will end up on a red candle.
Historically speaking, Bitcoin during the month of October ends up with a green candle and for me, what I believe is that, October is usually the month where the bull run starts. Not all the time though but for most of the time, Bitcoin is bullish durng this month.

In order for Bitcoin to go up, we need more catalysts that could push the price up. We've seen an effect towards the price of cryptocurrencies when the CCP announced that they will be printing more money to stimulate their economy. We need more like that, and I'm not saying we need more countries to print their money. What I'm saying is that, we need more catalysts that could make the price of Bitcoin go up. I don't know what will it be, maybe the US election, maybe another cutting of interest rates in the US. Something that could change the sentiment of the investors from bullish to more bullish.

Anyway, I voted for bullish.

liuka

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Quote from: BITCOIN4X on October 05, 2024, 05:17:40 PM

I don't want to sound like people are pessimistic about Bitcoin's chances of doing well this October, I think being bullish is a good bet. Even so, reality may be different from what is expected because of the tensions that occur out there. The bitcoin market and stock market were ultimately affected by the war, so the bull run may not come as quickly as expected.

Gold in the local market rose so fast and I found many people selling their jewellery. Meanwhile the bitcoin price has been correcting for some time, we will definitely not give up hope of seeing the bitcoin price recover and be bullish during this month. I don't know, $70k seems reasonable for this month's price regardless of whatever FUD or tension is out there.

Only a small correction if you look at the price in the near future. But for a long-term assessment, the price of bitcoin is still performing more resiliently because it is still above $60k when the war occurs. I think this month bitcoin will perform better because it is still early in the month and the correction that occurs due to the war that is happening causes concern for those who do not have a strong mentality.

In addition, if the price of bitcoin can stay above $60k until mid-October, there is a big chance that by the end of this month bitcoin will rise again to $70k. The best opportunity is to take advantage of the opportunity when the price drops like the last two days. Make purchases on a scale with levels at each level to get a better chance.

Stay optimistic, because bitcoin is not controlled by countries and companies so there will be nothing to stop the increase that will occur in bitcoin. I believe people who sell because they panic but they will buy again seeing that there is no major impact on bitcoin even though the war occurs.

BITCOIN4X

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I don't want to sound like people are pessimistic about Bitcoin's chances of doing well this October, I think being bullish is a good bet. Even so, reality may be different from what is expected because of the tensions that occur out there. The bitcoin market and stock market were ultimately affected by the war, so the bull run may not come as quickly as expected.

Gold in the local market rose so fast and I found many people selling their jewellery. Meanwhile the bitcoin price has been correcting for some time, we will definitely not give up hope of seeing the bitcoin price recover and be bullish during this month. I don't know, $70k seems reasonable for this month's price regardless of whatever FUD or tension is out there.

Baofeng

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Quote from: STT on October 03, 2024, 02:09:08 PM

Not a great start for October, since end September we've decline regularly under a 12hr average and not once has BTC traded above the 2 day average recently.

Yeah, but that's how we also start September, until the last week or so when we had this run and we end September with positive 7%.

Quote from: STT on October 03, 2024, 02:09:08 PM

I remain bullish long term so long as we do maintain above the yearly average on a closing weekly bar basis, this shouldn't be too hard a standard to maintain even if people choose to sell on some bad news days. If we do lose the year then Im guessing negative for these monthly type questions.

and probably that's why others remain bullish as well, of course we can't discount TA, but for the majority, they are still holding on fundamentals, as it makes us easier to see what will be the potential price at the end of the month. And then we also look for pattern, as in the previous history of Bitcoin that in a halving year, October could be the start of the price going parabolic. So still very early to say if we are going sideways again.

And so we remain very bullish that at least we will end the month with another positive and leading to maybe above $70k at the end of the year.

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Quote from: tokeweed on October 02, 2024, 07:30:12 AM

With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...

I also believe that October is the beginning of bullish season and that is what we have seen over the years most specially in each halving year and as we knew? 2024 is what recorded now .

Quote

And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.

not sure if September really shows Good look in monthly basis because what we have experience last month is bearish or stagnant .

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Quote from: justdimin on October 04, 2024, 05:25:24 AM

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

We're not worried about it because we know that we're in the bull run and if there are some price dumps, that's typical and eventually just looking at the recovery period of BTC. It's always been amazing to see how it goes and whenever some surprising rise we see, we're not complaining about it but then when some dumps have been followed, that's when we feel bad about it. I'd say that we should get used to it.

Quote from: justdimin on October 04, 2024, 05:25:24 AM

I believe I can see bull run, so that means I can buy right now without trouble.

We're on it and everyone shouldn't doubt it. Start from the beginning of the year and we're already farm where it all started. And to give everyone a recap, the starting price when we entered 2024 was $42k and we're $62k now.

Oshosondy

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Quote from: Nrcewker on October 05, 2024, 05:48:44 AM

I would say don’t make any decision right now about the bull run or bear market.

What did you see as the topic of this thread? Is it not BTC Sentiment Poll for October? This is not called conclusion, it is called guesses ir predictions. Are you not posting on this speculation thread to know how things are done on thread like this?

Quote from: Nrcewker on October 05, 2024, 05:48:44 AM

The bitcoins are still in a correction phase. The price is showing mixed signals. Currently, bitcoins are at 62k USD. If we compare to the past month, then there is a slight increase in the price. As we have seen previously, during the later phase of a year, the coins go up; hence, it will be ideal to buy the bitcoins and hold them for a couple of months. Many are predicting that the bull run can start at any time. Hence, don’t miss this opportunity and buy as many bitcoins as you can right now.

Bitcoin fall to almost $60000 on the 1st of October and later fall below $60000, but it increased back above $60000 not quite long. Can't you see a strong resistance at $60000?

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Quote from: Oshosondy on October 02, 2024, 07:59:23 AM

I voted for bull run also but this is how the monthly chart looks like which shows that this month is going in the bear direction for now

I would say don’t make any decision right now about the bull run or bear market. The bitcoins are still in a correction phase. The price is showing mixed signals. Currently, bitcoins are at 62k USD. If we compare to the past month, then there is a slight increase in the price. As we have seen previously, during the later phase of a year, the coins go up; hence, it will be ideal to buy the bitcoins and hold them for a couple of months. Many are predicting that the bull run can start at any time. Hence, don’t miss this opportunity and buy as many bitcoins as you can right now.

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Quote from: justdimin on October 04, 2024, 05:25:24 AM

Quote from: Justbillywitt on October 03, 2024, 03:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

I believe there is a good chance we could see this getting a great way for you on the long run, and if we can pick what we want, then we are going to have better understanding of what we should do. I believe I can see bull run, so that means I can buy right now without trouble.

Last October or previous years, did we have war, inflation...impact the market like what is happening this October? So, relying solely on what happened in the past to predict what will happen this year is not convincing. And I think it's understandable why people are pessimistic because what happened in the first four days of the month was very volatile, which is not a good sign for us to be optimistic.

But fortunately, things seem to have turned around as the NF index released yesterday was said to be positive and that is also why bitcoin is trading above $62k and the entire market is bullish again. I think that apart from the news about the war between Iran and Israel, the news about CPI will be one of the factors that will determine the trend of bitcoin this month. With the NF data being quite positive, I am bullish on CPI and I have voted bullish as well.

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Quote from: Justbillywitt on October 03, 2024, 03:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

I believe there is a good chance we could see this getting a great way for you on the long run, and if we can pick what we want, then we are going to have better understanding of what we should do. I believe I can see bull run, so that means I can buy right now without trouble.

Topic: BTC Sentiment Poll for October (Read 440 times)