Welcome to Uptoberfest - page 3. | Bitcointalksearch.org

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Kittygalore on October 08, 2021, 10:26:20 AM

Quote from: tokeweed on October 08, 2021, 09:26:56 AM

^ Yup, hope so. But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again. It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning. But overall yeah.. It should be an up month.

I do hope there's some weekend slump because I really want to make sure that I have enough bitcoin and I can use that slump as a window of opportunity to buy more bitcoin in hopes that I will be able to buy more with my money and at the same time make sure that I can guarantee a big profit.

I don't see a slump this weekends, still very strong at breaking $55,000. Casual traders just selling around that price for a small profit but then the price will go back to that level fairly quick even in weekends.

So not sure how you can squeeze some profits this weekends, as it is very active day trades. Let's see how far this bull run will go this Uptoberfest, maybe a new all time high as early as this month and then November-December the eventual 6 digits.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Kittygalore on October 08, 2021, 10:26:20 AM

Quote from: tokeweed on October 08, 2021, 09:26:56 AM

^ Yup, hope so. But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again. It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning. But overall yeah.. It should be an up month.

I do hope there's some weekend slump because I really want to make sure that I have enough bitcoin and I can use that slump as a window of opportunity to buy more bitcoin in hopes that I will be able to buy more with my money and at the same time make sure that I can guarantee a big profit.

Well this is expected to see a slump for bitcoin since there's no all ups will gonna happen and correction always strike when bitcoin goes up in a moment but expect that major comeback will happen so its really good to buy back while market is in bargain price since as you said when bitcoin pumps again we will have a guarantee profit if only we have iron balls to hold it for long time until huge pump came.

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: el kaka22 on October 08, 2021, 10:14:24 AM

Name is definitely a great one, uptoberfest Cheesy

. We have started this month amazingly, I am not sure if we will be able to keep it going though. I mean think about it, the first week was so great with nearly 40% increase that, I doubt we could keep doing that back to back right? Even at 25% like CMC shows, at 54k another week would mean 67k and then another week with 25% would mean 84k and another week to end the month would be 105k.

So, if we keep the current run going with the same 25% weekly for the whole remainder of the month, we would have 105k by the end of the month. I am not saying it is impossible, this is crypto and anything could happen here, however I do see that as a little bit more unlikely let's say. Definitely a "technically possible" thing but quite improbable when you look at the market. Highest I believe it would be this month could be 70k+ and even that is great.

The name tag made me realize that we usually do not have a day for bitcoin. I mean like some celebration type of day, we have it for many things but we do not have it for bitcoin. I believe whatever day we pick, like maybe the date whitepaper was published or the day wallet was released or whatever we can call the start day, or even maybe some other day could be picked as well. We just need one day for celebrating bitcoin.

If we had that, I am 90% sure that day will see bitcoin increase due to celebration and it will be great everywhere around the world as well. Every crypto person would go out and celebrate that day with other people and will have fun. Why don't we have something like that? It could have been amazing for all of us. I appoint whatever day bitcoin became first available for public, that would be a good day to celebrate.

Kittygalore

member

Activity: 868

Merit: 63

Quote from: tokeweed on October 08, 2021, 09:26:56 AM

^ Yup, hope so. But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again. It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning. But overall yeah.. It should be an up month.

I do hope there's some weekend slump because I really want to make sure that I have enough bitcoin and I can use that slump as a window of opportunity to buy more bitcoin in hopes that I will be able to buy more with my money and at the same time make sure that I can guarantee a big profit.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Name is definitely a great one, uptoberfest Cheesy

. We have started this month amazingly, I am not sure if we will be able to keep it going though. I mean think about it, the first week was so great with nearly 40% increase that, I doubt we could keep doing that back to back right? Even at 25% like CMC shows, at 54k another week would mean 67k and then another week with 25% would mean 84k and another week to end the month would be 105k.

So, if we keep the current run going with the same 25% weekly for the whole remainder of the month, we would have 105k by the end of the month. I am not saying it is impossible, this is crypto and anything could happen here, however I do see that as a little bit more unlikely let's say. Definitely a "technically possible" thing but quite improbable when you look at the market. Highest I believe it would be this month could be 70k+ and even that is great.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: tokeweed on October 08, 2021, 09:26:56 AM

But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again. It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning. But overall yeah.. It should be an up month.

During the week-ends the price movements tend to be.. not normal. So literally anything can happen (or maybe nothing at all).
The price already looks good (even after getting back to 54k) and the month has just started. But I hope it'll get higher, even this week-end.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ Yup, hope so. But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again. It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning. But overall yeah.. It should be an up month.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Mbitr on October 08, 2021, 07:04:54 AM

This is definitely a cause for celebration

Man, I love those huge pair of B's. Grin

Uptoberfest indeed as Bitcoin usually rise atleast at the starting month of the 4th quarter. I am once again surprise by how Btc has been performing and recovered quickly amidst the wrath of Chinese FUD, that causes some of the investors to dump right after the news came out (I guess weakhands have learned not to focus on one news).

Now, let's move forward to see $60,000 soon.

Mbitr

legendary

Activity: 2086

Merit: 1321

Bitcoin needs you!

This is definitely a cause for celebration

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Uptoberfest haha, I love it. The month has certainly started well & delivering on the promise of the 2nd leg of this bull run by the likes of Plan B. New ath is expected this month & beyond. $100,000 is still on the cards by tge end of the year too. Good luck everybody.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: hugeblack on October 07, 2021, 08:19:07 AM

I do not expect us to move away from the price range from 48k to 66k, but it is surprising that despite all the negative news in the previous days, the price continued to move in large ranges?

I personally haven’t experienced any of the news as bad in the literal sense of the word, because if you’re referring to “China banned Bitcoin again” it really doesn’t make sense, except for the extremely naive ones to whom you can sell the same news xx times in a row. South Korea is trying to bring order to the cryptocurrency market in the country - quite logical if we do not want to constantly listen to the news about the hacking of their crypto exchanges. The only possible negative news is the one about a possible bill that should have been voted in the US, and according to some it would be very negative for cryptocurrencies, but it seems to have been postponed until further notice.

Coincidentally or not, the current run started at a time when Jerome Powell (Federal Reserve Chairman) said the US had no plans to ban Bitcoin, and some took it as very positive news.

Quote from: BrewMaster on October 05, 2021, 07:42:14 AM

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.

Weak hands will always be weak hands, this has been proven countless times so far. Ever since we reached ATH, theories have surfaced that this is the end of the bull run, and many have believed it. There will always be those who will regret what they missed, and those who played their cards wisely.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Poker Player on October 08, 2021, 05:49:22 AM

Quote from: Kong Hey Pakboy on October 08, 2021, 05:19:45 AM

~~~

No there isn't. In fact, October is usually a bad month for the stock market. See:

October: The Month of Market Crashes?

What he says has no scientific basis. When we talk about regularities in financial asset prices, we are on a slippery slope, because the supposed regularities we see in the past can always change in the future. They are not like the regularities of the orbits of the planets.

And even less can we draw conclusions about supposed regularities in the case of an asset that has as short a history as Bitcoin.

I knew it, there's definitely something wrong with that claim so I did ask the right questions after all. That's probably the reason why some analysts think that the 57k pump of bitcoin was a bull trap. Probably we can have some supporting evidence that October's definitely not the year.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Kong Hey Pakboy on October 08, 2021, 05:19:45 AM

Quote from: electronicash on October 07, 2021, 08:56:49 AM

its been said on some threads that septermber is always the bear months even on stock market. october is also said to be the opposite of it.

hope to see this bulrun will continue til december after all the US regulation is already losen up and FED has no plans to ban. and institutions are back in buying up.

Is there any supporting data that this month is the bull month for each year for both crypto and stock market? It seems to me impossible that there are days like this and to be honest, I think that it's all just a coincidence.

No there isn't. In fact, October is usually a bad month for the stock market. See:

October: The Month of Market Crashes?

What he says has no scientific basis. When we talk about regularities in financial asset prices, we are on a slippery slope, because the supposed regularities we see in the past can always change in the future. They are not like the regularities of the orbits of the planets.

And even less can we draw conclusions about supposed regularities in the case of an asset that has as short a history as Bitcoin.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: electronicash on October 07, 2021, 08:56:49 AM

its been said on some threads that septermber is always the bear months even on stock market. october is also said to be the opposite of it.

hope to see this bulrun will continue til december after all the US regulation is already losen up and FED has no plans to ban. and institutions are back in buying up.

Is there any supporting data that this month is the bull month for each year for both crypto and stock market? It seems to me impossible that there are days like this and to be honest, I think that it's all just a coincidence.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: adaseb on October 07, 2021, 09:06:06 PM

And if 2013 is repeated we would top somewhere in November.

This might match the date of taproot activation which is set to be a mid November. And that's where I think market will rect "2013 like traders" doing the opposite. People will dump in November seeing market correction thinking its the end of bull run (just like in 2013) while it will be just a "buy rumours sell facts event" and we will continue to pump for next few months right after. Mostly because the bigger the asset is the slower it moves. And performance of 1B$ asset with nerd as average investor is not a good indicator for trading on close to 1T$ asset with institutional investor as average investor.

adaseb

legendary

Activity: 3808

Merit: 1723

Seems like it’s a repeat of 2013, pretty much to the month. We started to rally at the beginning of the year and we topped at $64K in April, and then we bottomed in July and in October started to rally again. And if 2013 is repeated we would top somewhere in November.

It’s pretty scary how similar it’s becoming and it’s worrying me.

Because if we are all going to trade like it’s 2013, most likely the opposite will happen.

electronicash

legendary

Activity: 3178

Merit: 1054

its been said on some threads that septermber is always the bear months even on stock market. october is also said to be the opposite of it.

hope to see this bulrun will continue til december after all the US regulation is already losen up and FED has no plans to ban. and institutions are back in buying up.

Yaunfitda

hero member

Activity: 2870

Merit: 594

^^ Still good if we are going to stop $63k then move on November. But October is really the start of a bullish run, it could be super fast rally again. We did stop at $54k-$55k but there's a lot of room to see at least $60k again. S2F is playing out the scenario like clockwork and hopefully if it holds then $100k in December is doable. And it shows how resilient bitcoin is that no matter what FUD we here, it will just have a small dent in the market. And when everything settles down, the price is going higher. Last stop was $52k before the dump because of the FUD, but now we have break it.

hugeblack

legendary

Activity: 2702

Merit: 4002

I do not expect us to move away from the price range from 48k to 66k, but it is surprising that despite all the negative news in the previous days, the price continued to move in large ranges?

The last month of the four-year cycle is usually epic so let's look at what happens to the price and how it matches up with a S2F model.
according to @100trillionUSD twitter account:

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K

https://twitter.com/100trillionUSD/status/1406577006230245376

so we will stop at 63K

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

The Q4 of this year is gonna be interesting for Bitcoin enthusiasts, investors and holders. We all know that Q4 is a “bullish” period but anything could happen like some sudden circumstances that would result to short term setbacks of the price. Even me of course, I am surprised that BTC’s price grew to $50,000+ like crazy in just a short amount of time.

My friend told me that the next resistance would be $59k based on how Bitcoin’s price explode that high smashing the resistance. Even my high school classmate who is also investing to Bitcoin, bought some sats while the price is at $42k and now he’s enjoying the profits.

This is gonna be an interesting month until the year ends. Let’s just hope for the best guys!

Topic: Welcome to Uptoberfest - page 3. (Read 449 times)