This October has indeed been seen as the beginning of the Bitcoin sign at ATH and continues to show positive signs of the pattern shown, well even though it is caused by certain effects... basically the history of Bitcoin price movements at the highest is still not finished, of course already many people out there sitting around enjoying to keep holding their Bitcoin till reach the target where they have to sell it.
I don't look at its history and check it every month but most of the time we have a price rally during the Christmas season and off again in late December. It might be the same scenario again this year and holding will seem to give us more profit as a reward for being patient.
Topic: Welcome to Uptoberfest (Read 458 times)
It was just been while that we saw Bitcoin at $50k but all of a sudden it reaches $60k almost near to the last ATH this year. Uptoberfest has come to reality and I believe the majority are enjoying the moment but some are also in regret for selling too early.
This October has indeed been seen as the beginning of the Bitcoin sign at ATH and continues to show positive signs of the pattern shown, well even though it is caused by certain effects... basically the history of Bitcoin price movements at the highest is still not finished, of course already many people out there sitting around enjoying to keep holding their Bitcoin till reach the target where they have to sell it. And congratulations to those of you who have been holding for a long time from the previous year or months until now we see that it is like giving the green light.
I agree with some pointers. Since I enter crypto in early 2016, the usual trend in the last quarter of every year is an uptrend. Based also on past, after the bull trend at the last quarter, expect corrections the quarter later which is next year.
Always consider taking profits if it's right to do so. Holding is good but make a wise decision to sold some.
Always consider taking profits if it's right to do so. Holding is good but make a wise decision to sold some.
Its unresolved sideways I think, the recent low is part of a pattern but nothing significant enough to be solid and sure of. My take is its still working itself out, as always the fastest gains dont last forever they do require working out which sometimes is just drifting sideways as neither seller nor buyers are in absolute control.
Lets give it a range of positive and negative boundary, that would be something like 58k below where negative caution is required, it might sell further or 62k above is where I think we can just bounce back and forth not yet solidifying gains to build on.
Lets give it a range of positive and negative boundary, that would be something like 58k below where negative caution is required, it might sell further or 62k above is where I think we can just bounce back and forth not yet solidifying gains to build on.
This is a welcome break from the bears.
If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
I really feel the same. We had so many people shorting that eventually it turned to something that is a very big trouble and that is why I am very relieved that we are doing fine right now. Yes it is still not good enough and there are times it has corrections and that is why there is always a situation where we are going to not know what is going to happen.If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
I understand that we are not going to have any situation that we would know beforehand. However, it is cool to finally see it doing fine, yes it is not going to be like this forever and we are going to have to live with the situation where it is not going to be good so we are going to have a bad situation eventually but it is basically good right now and I am looking at the good part for now and not the horrible part that may come up in the future. Let's hope that this continues for a long time.
However, the market crash will definitely appear this time as it become so visible every time the market is heading to its bull run. But never attempt to end up panic selling because you start seeing the prices falling. I know its just a market trap and any one who falls for it will eventually be seeing themselves in a huge loss. So just keep holding your current position.
And the fun still continues, $60k now, shorters are going to get rekt. Hopefully there could be some bunch who thinks that there strategy are not going to work with the way the market is going. They should followed "If you can't beat them, join them", and have this kind of attitude in a bull market.
Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.
Usually this round numbers are really hard to break, but when the market do, the price will continue to go higher until we settles down. Mostly like $62k-$63k is what I projected. But let's see how it pan out, start of the week for the Asian market right now and hopefully maintain at the price or keep it higher.
So, I would say that corporations are the reason we are more bullish these days and not people like me because even when we all get together we can't be making what they are doing to crypto right now since we are not doing it all together, whereas we are talking about these corporations putting that much money all at once and that is the difference.
And I do believed that some big corporations have been in the market for years now, direct or indirectly. So here we are again, super bullish market and those who have deep pockets like institutions are going to put huge money again and play.
snip...
Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.
So, I would say that corporations are the reason we are more bullish these days and not people like me because even when we all get together we can't be making what they are doing to crypto right now since we are not doing it all together, whereas we are talking about these corporations putting that much money all at once and that is the difference.
But, We should have to be careful on the trap, invest only the money that we can afford to lose. That is the real deal.
However, if the whales are behind this bullish market at the present, i guess its not bad having them in the market because we can also benefit from them. But remember, if they can make the whole crypto market bullish from all of a sudden, i think they are also very capable of having it reversed. In the end, what they did is just for their own selfish desires.
snip...
Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.
So, I would say that corporations are the reason we are more bullish these days and not people like me because even when we all get together we can't be making what they are doing to crypto right now since we are not doing it all together, whereas we are talking about these corporations putting that much money all at once and that is the difference.
But, We should have to be careful on the trap, invest only the money that we can afford to lose. That is the real deal.
And the fun still continues, $60k now, shorters are going to get rekt. Hopefully there could be some bunch who thinks that there strategy are not going to work with the way the market is going. They should followed "If you can't beat them, join them", and have this kind of attitude in a bull market.
Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.
So, I would say that corporations are the reason we are more bullish these days and not people like me because even when we all get together we can't be making what they are doing to crypto right now since we are not doing it all together, whereas we are talking about these corporations putting that much money all at once and that is the difference.
And the fun still continues, $60k now, shorters are going to get rekt. Hopefully there could be some bunch who thinks that there strategy are not going to work with the way the market is going. They should followed "If you can't beat them, join them", and have this kind of attitude in a bull market.
Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.
This is a welcome break from the bears.
If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
I really feel the same. We had so many people shorting that eventually it turned to something that is a very big trouble and that is why I am very relieved that we are doing fine right now. Yes it is still not good enough and there are times it has corrections and that is why there is always a situation where we are going to not know what is going to happen.If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
I understand that we are not going to have any situation that we would know beforehand. However, it is cool to finally see it doing fine, yes it is not going to be like this forever and we are going to have to live with the situation where it is not going to be good so we are going to have a bad situation eventually but it is basically good right now and I am looking at the good part for now and not the horrible part that may come up in the future. Let's hope that this continues for a long time.
OR, the shorters start accepting their mistake, and start FOMO-market buying Bitcoin, and make the surge stronger to a 6-digit price valuation per coin. Is it programmed? ATH by end of October, $100,000 by December? 
Relative to the way it looks right now as of this moment, steady rolls upwards instead of crazy spikes, volumes holding well, that's actually what I'd call a conservative estimate. I'm going to be away and on mobile on Saturday where I expect we might revisit current ATH but won't be surprised if I return home to a new one.
Trying not to hold my breath =D
The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Imagine how rotten they must have felt, doing their best to sell -- volumes were pretty intense at some point -- and all they could muster was about 5% knocked off, and only to be eaten up rightaway. Think a lot of shorters will be going to the bank to gamble some more now, or stepping on leverage they normally wouldn't consider. They can't help it, but at least the purge will be harsher when their overextensions also get sucked up.
OR, the shorters start accepting their mistake, and start FOMO-market buying Bitcoin, and make the surge stronger to a 6-digit price valuation per coin. Is it programmed? ATH by end of October, $100,000 by December?
But there could be stubborn shorters out there, you really think logically, and still think that the price are still going to go down in a bull run.
And the fun still continues, $60k now, shorters are going to get rekt. Hopefully there could be some bunch who thinks that there strategy are not going to work with the way the market is going. They should followed "If you can't beat them, join them", and have this kind of attitude in a bull market.
The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Imagine how rotten they must have felt, doing their best to sell -- volumes were pretty intense at some point -- and all they could muster was about 5% knocked off, and only to be eaten up rightaway. Think a lot of shorters will be going to the bank to gamble some more now, or stepping on leverage they normally wouldn't consider. They can't help it, but at least the purge will be harsher when their overextensions also get sucked up.
OR, the shorters start accepting their mistake, and start FOMO-market buying Bitcoin, and make the surge stronger to a 6-digit price valuation per coin. Is it programmed? ATH by end of October, $100,000 by December?
This is a welcome break from the bears.
If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.
Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.
The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Shorters are basically rowing against the wave and that is not a smart way to make money. I understand that there is that option if you want to use however just because you "may" make money some way and the option is available doesn't mean that you will be able to make profit that way. It is obvious that we are going to make a lot less profit if we are trying to short something that is a leverage against the inflation.Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Bitcoin has always been a profitable thing in the long term to hold and if something is "hodl" as a meme that means there is a good chance that you are going to make a profit by just holding it and not shorting it.
I think there is some rule somewhere among some traders,
Dont short Bitcoin in a Bull market
There is a general consensus that this 4th Q will be action packed in a positive way.
Uptoberfest is bringing us closer to $60k resistance and it will be onwards and upwards
for the rest of Uptober, hard to see $100k though.
Dont short Bitcoin in a Bull market
i hope you all enjoyed the first 10 days of Uptoberfest. we passed $50k resistance like it was nothing and today $57k was reached with a great momentum that is headed towards $60k and if the same pressure is kept we will pass that like it is nothing too 
to address some comments, i can see that this trend could be the start of a lot of good things to come. surpassing $60k will be key and it will trigger more buyers attacking the sell orders eating them up real quickly.
i don't think it is too soon for "choo choo" either. specially in mid November when we get Taproot and $200k could be around the corner as it activates.
Uptoberfest can easily pour into November and December making 3 months of bull run with some rest during new year and then much bigger bull runs in first 3 months of 2022.
to address some comments, i can see that this trend could be the start of a lot of good things to come. surpassing $60k will be key and it will trigger more buyers attacking the sell orders eating them up real quickly.
i don't think it is too soon for "choo choo" either. specially in mid November when we get Taproot and $200k could be around the corner as it activates.
Uptoberfest can easily pour into November and December making 3 months of bull run with some rest during new year and then much bigger bull runs in first 3 months of 2022.
There is a general consensus that this 4th Q will be action packed in a positive way.
Uptoberfest is bringing us closer to $60k resistance and it will be onwards and upwards
for the rest of Uptober, hard to see $100k though.
The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Imagine how rotten they must have felt, doing their best to sell -- volumes were pretty intense at some point -- and all they could muster was about 5% knocked off, and only to be eaten up rightaway. Think a lot of shorters will be going to the bank to gamble some more now, or stepping on leverage they normally wouldn't consider. They can't help it, but at least the purge will be harsher when their overextensions also get sucked up.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.
I believe at least 50% of this forum members might have listen to our words. I have been kept writing about the importance of buying at all dips and I do see lots of old people are always suggesting the same. (I remember this kind of positive posts about reaching new ATH was comparatively too low by the times of 2017 as most people were writing more frequently about bubble and its possible burst but bitcoin showed a 20x growth then). All I mean, now more number of people started being positive about having at least 10x rise this year which means definitely lot of people might have got chances to grab bitcoins below $30k after market was falling from $64k. The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.
True as I have said before, shorters are going to get REKT in this kind of super fast rallies. They still didn't learn their lessons though.Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.
Maybe the whole of Wall Streets are already in the market since last year, prior to institutions pouring their money and still continue up to this days that's why the price keeps climbing. Yes, selling right now is a stupid move, let's wait, it will just be another 3 months before the end of the year. Jump to: