Bitcoin Forum

what is happening to btc, it has been bipolar now for quite some time.. wasn't November supposed to be a good month for btc?

So it's now a mandatory thing for bitcoin to have a "decent" price based on your standards during November?

Can you define "good month"?

Well looks like it will not passed your expectations this month so better chill out and relax for now.

What do you mean bipolar? Bitcoin is going strong and stable for the last couple of months now. And who says that November is supposed to be a good month? Past performance is not a good indication for future success so just sit and relax and let btc do its thing.

2013 spike was due to ASIC entering the economy in october 2013. yes after a certain level tipped into speculative FOMO to push it higher. but the trigger was asics

2017 spike was due to VC buy-up of coin to pay out reward tranches to certain groups due to segwit contracts due in november 2017. yes after a certain level tipped into speculative FOMO to push it higher. but the trigger was VC tranches needing paying

there is no correlation / trend / pattern
remember. charts dont tell you much
remember a trend anal is not a technical analyst.

Past performance is not a guarantee of future expectations.
There are no guarantees that bitcoin will do one thing or the other but we
can all definitely look forward to a healthy future. Patience is required.

what's bipolar about btc lately? seems to be very steady and have found it's bottom which means people might be less scared to get back in.
and it's only november 5!

People is just waiting for another trigger to push the market again. The SEC decision could be handled on November 6 though.


They have said it on October as well. But nothing of significant happen to previous month so it will continue unless some big news comes along to shift the sentiments of investors. More likely they're waiting for SEC decision or the Bakkt offerings so there's possibility that November might bring some changes all along. We just need to wait and like they say, patience.

sorry to say this but you are bipolar! bitcoin is moving as it is supposed to at this point. a couple of months ago when it was actually dropping and going lower than $9k for the first time you could be surprised but now that it has been at a bottom which is far from the real value and is stable there things are normal in a way that is accumulation phase. there is nothing strange going on here, the market is getting ready for the next round of long bull run.

Just because things went well last November doesn't mean every November will always be a good month price-wise. There are a lot of factors behind Bitcoin price movements and I can assure you that the current month of the year isn't (directly) one of them.

As for what's going on: nothing. That aptly explains the lack of movements, no?