How do you explain the October pump?

dunfida

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Quote from: bots1 on March 04, 2022, 01:25:30 PM

Quote from: Reatim on December 03, 2021, 12:28:34 AM

Then what about the November Pump and now that we are in December so there will be another pump will be recorded? Wink

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A Trapping or Bullying these 2 can happen any day from now.

Quote from: bots1 on December 02, 2021, 11:36:32 PM

Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.

Maybe right but maybe not .

But what about the November Pump?

Pump in November last year due to the continuation of the Taproot upgrade and some massive demand. and Of course one of the factors Bitcoin rose in November due to the increasing market demand which was very strong and also bitcoin began to be adopted by many large institutions so that the bitcoin price set a record ATH price in November 2021.

People do already get used to into that kind of behavior when it comes to last quarter of every year on which they do really expect for some pump without any assured positive events or sentiments.

We've seen several situations and events on last year which didnt really line up on last quarter and happened earlier which it did really cause out on reaching out all time highs 2x in a span of year
which is already incredible.We could only make out and able to find out solid reasons when it already happened but talking on it before would be always a guess or speculative thing.

bots1

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Quote from: Reatim on December 03, 2021, 12:28:34 AM

Then what about the November Pump and now that we are in December so there will be another pump will be recorded? Wink

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A Trapping or Bullying these 2 can happen any day from now.

Quote from: bots1 on December 02, 2021, 11:36:32 PM

Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.

Maybe right but maybe not .

But what about the November Pump?

Pump in November last year due to the continuation of the Taproot upgrade and some massive demand. and Of course one of the factors Bitcoin rose in November due to the increasing market demand which was very strong and also bitcoin began to be adopted by many large institutions so that the bitcoin price set a record ATH price in November 2021.

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Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

I think the big pump factor in the bitcoin price last October was due to the high public trust in bitcoin fundamentals and also the increasing number of large companies adopting bitcoin. Although in September the decline in bitcoin prices occurred due to the Evergrande case and the ban on China, but it did not have a serious impact on Bitcoin where we saw in November bitcoin set a record ATH.

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Quote from: rhomelmabini on December 03, 2021, 07:10:58 AM

Quote from: Chato1977 on December 03, 2021, 03:20:44 AM

we are all wanted increase , all our prayers are answered when 2021 arrived but not all months brings us increasing part.

but what we are asking at least this December make another difference from the previous months.

That's an undeniable fact but we shouldn't expect that too much, well, on my own perspective I just HODL and if there's a budget I DCA may it be an up or down, no-brainer thing. You can't decide what the market may make but this is a waiting game and it requires everyone's patience and that never gets old here in crypto even other assets people invest in.

I guess for now we really have to understand how the market moves, it was just the FOMO that pushes the price to $69,000 and after that it's all downward spiral.

Nevertheless, those predictions of 6 digit is just arbitrary numbers to me, it could be a hit or miss. And chances are, it will be a miss just like we have seen at the end of 2021. No $100,000 for us, nevertheless this price could be hit but not this year.

peter0425

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Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

So now we need to blame November because of another Dip? this has been what is the market showing now so meaning we cannot just blame each month with dip while we are not praising the month of pumping.

Quote from: ReiMomo on November 28, 2021, 06:03:55 AM

I would say its a correction which usually happens before a huge pump and thats what I feel. Bitcoin's price might have another ATH above 70K by end of this month November 21 and 75k to 80k by end of December 21. The play from whales is in place and yes another reason is, the number of investors have come into crypto currencies. Seeing this, I believe, Bitcoin is moving to next milestone and yes an year by now, we could see the unexpected thrust for Bitcoin and other cyrpto currencies.

No this is not a correction because we already have corrected after the below 30k dumping so meaning this is not about correction , there is a force that at some point manipulating the market.

LUCKMCFLY

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Quote from: bhooscream on November 28, 2021, 06:19:31 PM

Quote from: ReiMomo on November 28, 2021, 06:03:55 AM

Bitcoin's price might have another ATH above 70K by end of this month November 21 and 75k to 80k by end of December 21.

We are already at the end of this month, sorry I doubt the price can be above $70k. I just expect that the Bitcoin price returns above $60k, so we have a chance to see Bitcoin make a new ATH. Now, Bitcoin price gradually increases and just achieves around $57k. I think it is a good sign that we may see again another pump in Bitcoin price. Finally, I can smile after seeing BTC price so badly in the last few days.

You are right, although the price is very oscillating, apparently when seeing the trading volume it is little and the sale is overwhelming, almost that from $ 57k is going to $ 56k, I do not know how much the fact that there are not many whales can affect Interested in raising the price, or it may be that they are waiting for the right moment to go up, if we look to see when it is appropriate to invest only those who have large sums of money do so, for now they think that they should be very careful .

fullhdpixel

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Quote from: rhomelmabini on December 03, 2021, 07:10:58 AM

Quote from: Chato1977 on December 03, 2021, 03:20:44 AM

we are all wanted increase , all our prayers are answered when 2021 arrived but not all months brings us increasing part.

but what we are asking at least this December make another difference from the previous months.

That's an undeniable fact but we shouldn't expect that too much, well, on my own perspective I just HODL and if there's a budget I DCA may it be an up or down, no-brainer thing. You can't decide what the market may make but this is a waiting game and it requires everyone's patience and that never gets old here in crypto even other assets people invest in.

I do the same thing, it is a lot easier to just focus on DCA as much as you can and hold as long as you can, that way you could make a profit as much as you possibly can as well. I can't say that it is the best method, maybe there is a better one out there that I do not know about, but I can say that it is one of the best that I have ever used at least.

It is a long term thing and you will not get rich over night thanks to this method but at least it is a lot less riskier then keep on buying and selling every day. Hopefully I will be able to retire thanks to this method, I am far away from it right now, need to do 100x to retire, but at least I am on the right path.

rahmatrf331

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Quote from: rhomelmabini on December 03, 2021, 07:10:58 AM

Quote from: Chato1977 on December 03, 2021, 03:20:44 AM

we are all wanted increase , all our prayers are answered when 2021 arrived but not all months brings us increasing part.

but what we are asking at least this December make another difference from the previous months.

That's an undeniable fact but we shouldn't expect that too much, well, on my own perspective I just HODL and if there's a budget I DCA may it be an up or down, no-brainer thing. You can't decide what the market may make but this is a waiting game and it requires everyone's patience and that never gets old here in crypto even other assets people invest in.

the october pump is over, the november pump is a little weak and the december pump is a little worrisome. is there still hope that the december pump can penetrate the new ATH? I'm a little worried at the end of December, as the end of the year many people try to spend money happily at the end of the year and of course many people try to sell their assets no more with bitcoin assets so that the market is slightly shaken by this condition.

rhomelmabini

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Quote from: Chato1977 on December 03, 2021, 03:20:44 AM

we are all wanted increase , all our prayers are answered when 2021 arrived but not all months brings us increasing part.

but what we are asking at least this December make another difference from the previous months.

That's an undeniable fact but we shouldn't expect that too much, well, on my own perspective I just HODL and if there's a budget I DCA may it be an up or down, no-brainer thing. You can't decide what the market may make but this is a waiting game and it requires everyone's patience and that never gets old here in crypto even other assets people invest in.

Chato1977

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Quote from: rhomelmabini on December 03, 2021, 01:42:08 AM

Quote from: Reatim on December 03, 2021, 12:28:34 AM

Then what about the November Pump and now that we are in December so there will be another pump will be recorded? Wink

Can't say for sure if we can get that one right here in December when mostly are anticipating just like the previous pumps that happen - the 2013 and 2017. I guess this time it will be different.

Quote from: Reatim on December 03, 2021, 12:28:34 AM

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A Trapping or Bullying these 2 can happen any day from now.

Who doesn't want a pump? Right. If literally every month there's some kind of pump but for few percentage I guess that's likely a good thing, maybe there's the anticipated stability of it's value? Right now December isn't like in a good shape but we may never know, bulls are likely getting this dips.

we are all wanted increase , all our prayers are answered when 2021 arrived but not all months brings us increasing part.

but what we are asking at least this December make another difference from the previous months.

rhomelmabini

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Quote from: Reatim on December 03, 2021, 12:28:34 AM

Then what about the November Pump and now that we are in December so there will be another pump will be recorded? Wink

Can't say for sure if we can get that one right here in December when mostly are anticipating just like the previous pumps that happen - the 2013 and 2017. I guess this time it will be different.

Quote from: Reatim on December 03, 2021, 12:28:34 AM

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A Trapping or Bullying these 2 can happen any day from now.

Who doesn't want a pump? Right. If literally every month there's some kind of pump but for few percentage I guess that's likely a good thing, maybe there's the anticipated stability of it's value? Right now December isn't like in a good shape but we may never know, bulls are likely getting this dips.

Reatim

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Then what about the November Pump and now that we are in December so there will be another pump will be recorded? Wink

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A Trapping or Bullying these 2 can happen any day from now.

Quote from: bots1 on December 02, 2021, 11:36:32 PM

Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.

Maybe right but maybe not .

But what about the November Pump?

bots1

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Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.

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Quote from: ReiMomo on November 28, 2021, 06:03:55 AM

Bitcoin's price might have another ATH above 70K by end of this month November 21 and 75k to 80k by end of December 21.

We are already at the end of this month, sorry I doubt the price can be above $70k. I just expect that the Bitcoin price returns above $60k, so we have a chance to see Bitcoin make a new ATH. Now, Bitcoin price gradually increases and just achieves around $57k. I think it is a good sign that we may see again another pump in Bitcoin price. Finally, I can smile after seeing BTC price so badly in the last few days.

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Quote from: ReiMomo on November 28, 2021, 06:03:55 AM

I would say its a correction which usually happens before a huge pump and thats what I feel. Bitcoin's price might have another ATH above 70K by end of this month November 21 and 75k to 80k by end of December 21. The play from whales is in place and yes another reason is, the number of investors have come into crypto currencies. Seeing this, I believe, Bitcoin is moving to next milestone and yes an year by now, we could see the unexpected thrust for Bitcoin and other cyrpto currencies.

October wasn't a "correction" that was a huge increase that was literally 2x and then some. This latest one was a correction and we are going to have a lot more corrections along the way. Correction sometimes happens in reverse as well, like how when we are going up so much the price drops a bit and then continues to go up, same could be this one as well.

So all in all I would say that the direction seems to be bearish for now. I am not saying that it will keep going down, who knows what bitcoin or any crypto will do, it is something that is dangerous to try to predict. Long term holders like me do not care about it because we feel like up or down is unpredictable and hard to trade accordingly, whereas long term is always better. During periods like this, I always suggest people to start thinking in more long term situations, that would be a lot better.

ReiMomo

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I would say its a correction which usually happens before a huge pump and thats what I feel. Bitcoin's price might have another ATH above 70K by end of this month November 21 and 75k to 80k by end of December 21. The play from whales is in place and yes another reason is, the number of investors have come into crypto currencies. Seeing this, I believe, Bitcoin is moving to next milestone and yes an year by now, we could see the unexpected thrust for Bitcoin and other cyrpto currencies.

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Quote from: STT on November 22, 2021, 02:39:24 AM

This is part of the Oct pump or reasons that helped price rise during that time. We had some decline in Dollar during October from the September pricing, unfortunately that has now reversed and Dollar is higher now then Oct or Sept pricing in fact it has been accumulating for most of this year but now is especially notable as market falls.
The reason dollar strength matter is its the other side of the see-saw to BTC pricing, higher dollar generally means some aversion to BTC and it adds some selling pressure.

This is the reason why we moved to crypto isn't it? I mean we all knew that bitcoin was far superior and the reason why we have fiat doubt is that it has such a huge inflation and we keep losing money even while saving money.

You could literally put money into bank every month and you could still be getting poorer, let alone think about people who can't, they are not even getting stable, they are getting to barely surviving rates. But it is not like that in crypto, you keep getting richer and richer, it is insane to think how rich people could become with this. This is why I believe that we should be focusing on crypto investments over anything that goes up in fiat world.

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Quote from: 9thsky on October 08, 2021, 04:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

Bitcoin comes up anytime it feels to come up, all the pumping will determine by the turn up through referrals who come into bitcoin to buy large numbers of coins, i think what will make any currency to go up can never be the month but the quantity of people buying and selling bitcoin.

STT

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This is part of the Oct pump or reasons that helped price rise during that time. We had some decline in Dollar during October from the September pricing, unfortunately that has now reversed and Dollar is higher now then Oct or Sept pricing in fact it has been accumulating for most of this year but now is especially notable as market falls.
The reason dollar strength matter is its the other side of the see-saw to BTC pricing, higher dollar generally means some aversion to BTC and it adds some selling pressure.

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October was the start of a market bull run, and I'm happy because October prices never drop below $50k, a lot of surprises in October because the Shiba Inu token was ranked 9th with a market cap of around $45 billion, and this has an impact on cryptocurrencies so that make investors more optimistic about the future of cryptocurrencies.

Topic: How do you explain the October pump? (Read 1072 times)