Welcome to Uptoberfest

[LogitechMouse]

Thanks for welcoming us and other investors who are patiently holding and waiting for this moment .
The time has come for Bitcoin to try and retest its previous ATH of near $64,000. Nahh too early. Lets wait for Bitcoin to surpass the $60,000 price before saying that.

Right now, Bitcoin has started to go up and right now it is at the $57,000-$58,000 price range. Fck China who is trying to ban cryptocurrency in their country. I'm slowly accumulating Bitcoin because I know that this time will come .

[1714118974]

1714118974

[leea-1334]

The most important date is Oct 18 which is the first ETF decision, if it is delayed or rejected there is another one that has a great chance of approval a few days later. Most likely if the first 2 ETFs are rejected then we might see a sell off before November starts. Which is a tricky way of trading since November’s are usually very bullish.

However right now they way the market is trading it seems that ETF has a great chance of being approved and then when it finally goes live in a month or so, that might be the “buy the rumor and sell the news” type of event just like when CME launched Bitcoin futures back in late 2017.

I did not realize ETFs were again coming into the picture, but is there any reason to believe they will be approved when all others always got rejected many times before final approval? And more important,,, is there any reason to believe rejection will result in sell off? Is ETF not a chance to buy more? Why would people sell off when they cannot buy more?

[jaberwock]

I missed the $41k opportunity as I had $42k as psychological support in my mind and it broke down, so didn't buy later and waited but stopped checking markets. Later I saw that it reached $43800 and thought of opening a leveraged position of BTC/USDT pair between 10 to 20x, but I got a call and went afk. Then I forgot, and till I would have done anything later, btc broke $48k and I was in biased mood, so didn't open it again. And now I'm in regrets. But I hope I will get another opportunity again.

That is the outcome if you always wait for its price to drop down and reach its dip, without knowing that bitcoin has set to start its upward trend until it reaches to its new ATH. But i know in the middle, price correction will certainly occur that will give an opportunity to all those who did not bought bitcoin when the price was quite low. This has always been the trend. So for those who are in the waiting game, better prepare your funds so you can be profitable too when the peak is already in front of you.

Unfortunately whenever it drops there will always be people who panic sell, and they will be then complaining about not buying when it is low as well. I have been here long enough to know that there will ALWAYS be people that sell at the bottom, and that never made any sense to me, but that is how the market works. If they do not sell then how do we suppose to reach the bottom to begin with?

This is why I understand that the bottom happens because people sell, and they are doing something wrong and we end up buying at the bottom from them and that allows me to make more profit when it goes up, but without those people I wouldn't be able to buy from the bottom.

[darkangelosme]

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.

True Bitcoin price right now is good we must be thankful about that and hoping that it will last until next month, what we need to do now is to taste the fruit of our waiting. Cheers  .

[Wind_FURY]

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.

[cryptomaniac_xxx]

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.

[justdimin]

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.

[buwaytress]

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.

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.

[aoluain]

I think there is some rule somewhere among some traders,

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.

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.

[fullhdpixel]

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.

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.

[sikke]

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.

[Wind_FURY]

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.

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?

[Yaunfitda]

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.

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.

[buwaytress]

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

[RealMalatesta]

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.

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.

[onecall123]

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.

[SquallLeonhart]

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.

I do not believe that it was that simple for us to reach 60k. It took a lot of time and a lot of money to reach this level. However, I believe that retail investors did not manage to get this level, it is obvious that we got a lot of help from the companies. The difference that companies made in this world is that they end up putting up millions of dollars, even over a billion dollars sometimes then we end up with something that is super high and skyrocketing because we have too many money going in right away.

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.

[Hypnosis00]

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.

I do not believe that it was that simple for us to reach 60k. It took a lot of time and a lot of money to reach this level. However, I believe that retail investors did not manage to get this level, it is obvious that we got a lot of help from the companies. The difference that companies made in this world is that they end up putting up millions of dollars, even over a billion dollars sometimes then we end up with something that is super high and skyrocketing because we have too many money going in right away.

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.

So it means that whales had to take this blame again and again. Well, that seems to be happening and those who bought Bitcoin at a discounted price will likely have their thanks to these people(whales) as the price won't just spike so fast without them. It's really hard to expect but this October really has an explosive pump that people aren't expecting. Might this be the beginning for another ATH this year? I think we should have to hold more this and wait until these whales/companies will stop buying.

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.

[freedomgo]

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.

I do not believe that it was that simple for us to reach 60k. It took a lot of time and a lot of money to reach this level. However, I believe that retail investors did not manage to get this level, it is obvious that we got a lot of help from the companies. The difference that companies made in this world is that they end up putting up millions of dollars, even over a billion dollars sometimes then we end up with something that is super high and skyrocketing because we have too many money going in right away.

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.

So it means that whales had to take this blame again and again. Well, that seems to be happening and those who bought Bitcoin at a discounted price will likely have their thanks to these people(whales) as the price won't just spike so fast without them. It's really hard to expect but this October really has an explosive pump that people aren't expecting. Might this be the beginning for another ATH this year? I think we should have to hold more this and wait until these whales/companies will stop buying.

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.

Of course, whatever the condition of the market, even if its seems too bullish, but we should always be cautious because most of the time, a market trap happens when we least expect it. So always invest on the amount that is manageable to lose.

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.

[Baofeng]

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.

I do not believe that it was that simple for us to reach 60k. It took a lot of time and a lot of money to reach this level. However, I believe that retail investors did not manage to get this level, it is obvious that we got a lot of help from the companies. The difference that companies made in this world is that they end up putting up millions of dollars, even over a billion dollars sometimes then we end up with something that is super high and skyrocketing because we have too many money going in right away.

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.