How do you explain the October pump?

[9thsky]

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??

[1714614039]

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[MinoRaiola]

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??

Speculative can now be very strong. On 24 September came the news with Twitter and Bitcoin. The pump could have come there, but it did not happen. Only after 6 days it go over in the pump Uptober! It is one of many speculation. Probably it was a decision of few people to invest a lot of money. Or it is Bitcoin and the strength that is now finally understood by all!

[BitMaxz]

The price dump last September it's because of FUD and even here there is someone spreading FUD.

Remember there are many traders who are always waiting for a dip price so it's normal that we see the price pump again.
And actually Bitcoin and crypto are always volatile so we do not know why the price today reaches $54k again.

The reason might be because of "Bitcoin ETF approved by sec" this is just news but sometimes it still has an impact on the Bitcoin price.

I would suggest you keep watch for the latest news from here https://cryptopanic.com/

[shield132]

Most of the times sudden jumps and dumps without hot tweets/news/announcements are something unexplained. After all, market is controlled by whales and small traders are nothing compared to big traders. It's just easy to manipulate with the market when you own a lot of coins and can influence the market by your trading (On Binance you can see long/short positions of top traders that's separated from overall statistics).

As mentioned above, Cryptopanic is a go to when you want to get informed as soon as possible. Also, I would follow top influencers on twitter (like Elon Musk and others whose words can seriously affect the whole market).

[Hippocrypto]

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??

Many have been expecting huge pump after September, and certainly they hit the right projections. Yes! Price started to pump, but also not showing faster progressions because resistance was still making $60k harder to achieve. Also for altcoins, they've been drowning so bad while btc soars very high this October.

[Fatunad]

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??

No one knows! It all matters with the demand and if you do saw that Oct 1 does have some significant rise then it do varies with the demand itself because if we do look back there
were no events or big sentiments that did really happen in the market which makes this market is way too unpredictable.No one would could give out precise explanation on things
on how this market behaves in terms of price movement and thats what makes it hard to make profits but somehow it could really be handled out if you done
it well.

[oktana]

There may have been other events but, I'll credit the Twitter news in which the company announced that people can now Tip content creators with Bitcoin. Considering Twitter's population, that is not just a good news for the month but for the long run too. With so many companies on Twitter, they can considering accepting Bitcoin because of Twitter's step.

[Viscore]

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??

No one knows! It all matters with the demand and if you do saw that Oct 1 does have some significant rise then it do varies with the demand itself because if we do look back there
were no events or big sentiments that did really happen in the market which makes this market is way too unpredictable.No one would could give out precise explanation on things
on how this market behaves in terms of price movement and thats what makes it hard to make profits but somehow it could really be handled out if you done
it well.

I think its more on the demand since no other significant events that happened that time. And since the market is so unpredictable, so its always expected for the market to crash and drop down the prices, or the market to pump and seeing the prices surging. And if you are investing with the potential coins then whatever the market's situation, they will surely bounce up and give you huge profits in return.

[tippytoes]

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??

No one knows! It all matters with the demand and if you do saw that Oct 1 does have some significant rise then it do varies with the demand itself because if we do look back there
were no events or big sentiments that did really happen in the market which makes this market is way too unpredictable.No one would could give out precise explanation on things
on how this market behaves in terms of price movement and thats what makes it hard to make profits but somehow it could really be handled out if you done
it well.

I think its more on the demand since no other significant events that happened that time. And since the market is so unpredictable, so its always expected for the market to crash and drop down the prices, or the market to pump and seeing the prices surging. And if you are investing with the potential coins then whatever the market's situation, they will surely bounce up and give you huge profits in return.

Demand that a lot of people are positively hoping about the bright future of bitcoin. We just came from a slight dump owed to China's news regarding their total banning of crypto. And yet, the market seemed unfazed with such news, instead, the market goes up. No one can explain the exact reasons why we are heading to a very good start this last quarter of the year. But just do your own thing to take advantage of this market.

[dupee419]

Most of the times sudden jumps and dumps without hot tweets/news/announcements are something unexplained. After all, market is controlled by whales and small traders are nothing compared to big traders. It's just easy to manipulate with the market when you own a lot of coins and can influence the market by your trading (On Binance you can see long/short positions of top traders that's separated from overall statistics).

As mentioned above, Cryptopanic is a go to when you want to get informed as soon as possible. Also, I would follow top influencers on twitter (like Elon Musk and others whose words can seriously affect the whole market).

If you'll go through Cryptopanic right now, Bitcoin enthusiasts/analysts have been speculating that the month of October will be a bullish season, though just like us, they don't have any proof or evidence to back their statements up, therefore, there's no clear explanation onto why the month of October is the month of the bulls, meanwhile, in Twitter-verse, I haven't found any tweet from influencers that is actually 'moving',  so it is also possible that the reason may be FUD.

[Kong Hey Pakboy]

It's unusual, that's the only explanation there is, October is supposed to be a really bad month for crypto but it seems that people seems to be so positive about this month which could be a good indicator to be cautious in treading the market as it can be a trap.

[Poker Player]

... October is supposed to be a really bad month for crypto ...

?

Why?

Bitcoin's short history is not like to establish that such a month is good or bad for the price. That of the stock market is longer and one could speak with more propriety but even so.

In the short history, September would be a bad month, but October would not be so bad, so I don't know where you get that from.

As for the OP's question, I wouldn't get my head too hot. It's a supply and demand issue, as you have pointed out before, and that we haven't had FUD this month.

[hello_good_sir]

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??

Why do we need to give reasons for even single price movement?

The answer that you will get, more often than not, is just going to be a combination of coincidence and normal market fluctuations.

People like to bring up all sorts of infographics to prove their point that some months perform better than others for crypto, but all of this could literally be due to chance and nothing else. If there was to be a relationship between what month it is and bitcoin price then wouldn't you think that people would trade the hell out of it already?

[pooya87]

The reverse bubble is starting to burst.

The drop that we had a couple of months ago and price went below $60k, was purely due to manipulation and the FUD campaign lasted a very long time spending millions of dollars to keep the price low. But like any other market manipulation it couldn't last forever, the artificial low price has to end at some point. Now is the time.

[Kemarit]

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??

There is a good news coming from US regulators saying that they are not going to ban crypto.

And then there are like 4 ETF this October that is lining up to be approved or rejected.

So this news was very positive for bitcoin enthusiast that they FOMO, pour a lot of money in the market, pushing to the levels above the last higher high of $52k.

Now we are looking for a new all time high this year.

[Dave1]

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??

Why do we need to give reasons for even single price movement?

Just normal to ask for reasons though, maybe the OP wanted to understand how the market works in a pump and dump scenario.

The answer that you will get, more often than not, is just going to be a combination of coincidence and normal market fluctuations.

Yes, maybe you can go back to the basic law of supply and demand as reasons.

People like to bring up all sorts of infographics to prove their point that some months perform better than others for crypto, but all of this could literally be due to chance and nothing else. If there was to be a relationship between what month it is and bitcoin price then wouldn't you think that people would trade the hell out of it already?

Well numbers don't like, September historically was a bad month. And October was the start of a bounce back and recovery.

[virasog]

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??

The big question is whether this October pump will be able to sustain ? After every pump there is a 15-20% correction and this is important to see when and how big the correction will be ?
Many analyst are saying that there will be a correction near 15th of October. I wonder how they analyze this ?

[palle11]

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??

Many have been expecting huge pump after September, and certainly they hit the right projections. Yes! Price started to pump, but also not showing faster progressions because resistance was still making $60k harder to achieve. Also for altcoins, they've been drowning so bad while btc soars very high this October.

September wasn't suppose to be a dip going with 2017 experience that had a huge volatility. But it happened that way and the opening of October began a tremendous steady growth.
I think the October bull may continue because of the volatility of the end of the year. Bitcoin has shown to be unstoppable since last year when covid-19 changed the economic atmosphere of the world.

[aoluain]

Historically September has not been a great month for Bitcoins price. and the final
quarter of this year like in 2017 will be where big growth in prices will come.

Possibly these two points had a bearing on the price as well as @pooya87 says in his post.

Bitcoins pricing can be like self fulfilling prophesies.

[cryptomaniac_xxx]

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??

The big question is whether this October pump will be able to sustain ? After every pump there is a 15-20% correction and this is important to see when and how big the correction will be ?
Many analyst are saying that there will be a correction near 15th of October. I wonder how they analyze this ?

It's obvious that at some point, there will be corrections, by I wouldn't say it will be in the 15th, more likely it will be in the 24th-26th, as every month bitcoin futures will expire, and historically it will create a dump.

Probably there is some technical analysis that can explain the pump that we are seeing.

Or maybe investors are pouring money because they are anticipating a push in December, a 6 digit price target.

[OgNasty]

Bitcoin is often declared dead and has been throughout it’s history. It is only fitting that the market rallies into the Day of the Dead every year. Make sure to celebrate El Dia De Los Muertes this year and give thanks to Bitcoin for continuing to rise from the ashes time and time again.

[chaser15]

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??

Let's see. It was all started when Bitcoin successfully withstands the attempt to lower it to $30,000. The bearish activity is not that strong to pull down bitcoin below that level. It was also didn't affect some of the altcoins and honestly, you can some altcoins establishing over a 100% price increase. It means it's not a bloodbath to consider what happened last month but just a testing performance and the result is the bull market we now experiencing this month.

But enough for analysis, we just have to continue buying our preferred coin as much as we can.

[buwaytress]

Not "everybody" was blaming September though. I was pretty much a happy camper, I mean, we barely touched levels below $40k, still more than twice the price we were at last December, and 3 to 4 times up a year ago. Not many bargain stops left en route to 100k, so if you knew how to stop and smell the roses, you'd have bought up or held happily.

As to Uptober? Never needed a reason or explanation. Every rally that's happening, every step of the way to 100,000 -- it's always been a matter of time. Fundamentals. Market conditions. They ebb and flow but inch their way towards the inevitable.

[michellee]

I do not blame September for the dip and consider that the market will always like that. There will be an increase and decrease and that is normal to the crypto market. Maybe the crypto market is getting more support or more people want to buy the coin, especially buying bitcoin at a low price, which makes the price rally to the higher price. We do not know how what is behind that pump and guess that with making many predictions but it is not easy to know the right reason why the pump comes on the first day of October. I prefer to enjoy every moment that happens in the market and use that for our benefit.

[ILuckyGuyI]

I can explain the current high increase in the market like this: high volatility in the price. People are looking for special reasons but this market doesn't need that kind of reasons anymore. Even the volatility rate is enough for the market to go up very highly. September was the worst like in the past years. But October seems like determined to make up for it. And I hope that we can see a bull market also in this year. The cryptocurrency market doesn't need a reason for that to happen too.

[Fatunad]

Bitcoin is often declared dead and has been throughout it’s history. It is only fitting that the market rallies into the Day of the Dead every year. Make sure to celebrate El Dia De Los Muertes this year and give thanks to Bitcoin for continuing to rise from the ashes time and time again.

Those "Dead" words do usually come out and would be a common word that could be seen or heard out on this market whenever bitcoins price is going or dipping down.Im not really believing into those
things about certain months does have particular significance that could really tell on what should be the price about whether its a bullish or bearish month.No one could ever tell
and these kind of calls like October pump or particular months which is bearish then people do always love on attaching things up basing on what they are currently seeing or experiencing.

[Wexnident]

Well I guess its the usual supply demand? Timing wise it does sound weird but hey, it's the crypto market, we can't exactly have a solid explanation for each movement and could only assume most of the time. I guess you could attribute it as well to the people who are saying that October would be a good month, it may or may not have spread to others no?

Besides, the market doesn't exactly need a specific reason for it to pump or dump. It is what it is imo.

[ultrloa]

Well I guess its the usual supply demand? Timing wise it does sound weird but hey, it's the crypto market, we can't exactly have a solid explanation for each movement and could only assume most of the time. I guess you could attribute it as well to the people who are saying that October would be a good month, it may or may not have spread to others no?

Besides, the market doesn't exactly need a specific reason for it to pump or dump. It is what it is imo.

Sometimes the belief of the people contributes about how situation goes and since bitcoin mostly pumps at ber monthd many speculates that this scenario will happen again thatz why we see the majority stated and hold bitcoin at the moment. But we don't know on when this rally end up so what important their is we should take our capital if theirs a chance to do it and stake then roll the profit to earn more income from it.

[beerlover]

We don't have to "explain" it honestly. It is another pump, we have pumps in crypto, this is not the first and certainly it will not be the last. There is no need to put a label on it or find a reason for it because bitcoin and crpto will always have pumps like we had in the past 10 days. If you are not sure about why this happened, and want to know how it happened, so that you could get ready for the next one, then the only thing you need to check is the bear periods.

Whenever bitcoin crashes, it will always stop at some price and then wait there for a while then in a week it will skyrocket, this has been the case for a long time, no matter what the reason given to people would be. So if you see the price crash again one day, and starts staying at a certain level, buy at that level and then wait for it to skyrocket because it will happen.

[freedomgo]

We don't have to "explain" it honestly. It is another pump, we have pumps in crypto, this is not the first and certainly it will not be the last. There is no need to put a label on it or find a reason for it because bitcoin and crpto will always have pumps like we had in the past 10 days. If you are not sure about why this happened, and want to know how it happened, so that you could get ready for the next one, then the only thing you need to check is the bear periods.

Whenever bitcoin crashes, it will always stop at some price and then wait there for a while then in a week it will skyrocket, this has been the case for a long time, no matter what the reason given to people would be. So if you see the price crash again one day, and starts staying at a certain level, buy at that level and then wait for it to skyrocket because it will happen.

Indeed. There's always pumps and dumps in crypto so expect that if there's a dump at the moment, the next thing will happen will be a pump in the market. Yes, it don't need any reason either like positive news or any events that create a huge impact, as long as the market shows momentum to go on a bullish market, then the market will definitely be greenish. Either way, a market crash is also expected every now and then so better prepare for it so that you can buy potential coins the moment they become affordable.

[7788bitcoin]

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??

If you look at the past graphs you will understand how the market would perform every month and we have around a decade of data to compare now and you will find that every September the market would be dull and then the final two months the market would rally and everyone who are aware of that was expecting the market to rally and we started to rally, still majority are expecting the market to cross the hundred thousand valuation and hopefully we will see that.

[Oasisman]

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??

In a simple explanation, Bitcoin isn't just a currency but also a highly speculative asset. Trends, rumors, FUDs, and even bullish prediction could always have a huge contribution on the current price.
October has always been speculated as the start of the bull season as it literally sits in the first month of the 4th quarter. Now, that will also depends on the news and developments that has been disseminated through the social media and internet.

[adaseb]

Another reason why it’s pumping is because there is a very good chance that an ETF might be finally approved. This isn’t like 2017-2018 when every single ETF was denied. This is different because the ETF won’t be based on real bitcoins but Bitcoin futures. It will be pretty much just like the Crude Oil ETF which just follows the futures with its contango.

I think that there is some leaked news already since we had a crazy spike recently. Maybe somebody leaked the news to a few people. Also there seems to be a premium again on the CME futures which is usually very little. So somebody out there expects it to be approved.

[Victorycoin]

Bitcoin is currently trading above support after being rejected at resistance heights previously, this pair was successfully promoted after the return the creation of new ATH will reform the market for which the amount of investment is increasing. Bulls and bears are competing for prices if the bear holds the current, bitcoin may return to its former height also the complete opposite can happen breaking all the resistance will reach a higher position.

[bitterguy28]

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??

Mostly it is the Last quarter season  why the growth is happening in this time , also many people feels the Christmas holiday and has funds from bonuses and other areas of profiteering and they are putting inside crypto , and of course the whale in which going with the flow for possible manipulation.
so what we need to do? be aware  of possible Pump and dump so be careful .

[RealMalatesta]

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??

Because, market sentiment. When everyone is expecting a pump then FOMO comes to play. When people are getting used to see something for more than one time then they will expect the same to be repeating and when more than 50% of people start believing into that, then that will happen for sure.

For example, bitcoin's 4 year long cycle and after having 10x growth are that kind of things which are believed by more than 50% of bitcoiners hence market sentiment is adopting it. Same thing applies to 70% downfall after the 10x growth as well become part of market sentiment for similar reasons.

[ultrloa]

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??

Because, market sentiment. When everyone is expecting a pump then FOMO comes to play. When people are getting used to see something for more than one time then they will expect the same to be repeating and when more than 50% of people start believing into that, then that will happen for sure.

Maybe the season contributes on what people feel right now, also since market showing some green signs then maybe we can speculate that this speculated figures will truly came but lets still not erase the fact that sometimes our expectation will not go as we want since sometimes there are sudden turndown since there are bad news came which is use by manipulators and hopefully we will not go into that point until the end of this year.

[Wind_FURY]

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??
 

Patterns? It has been that way not just in the cryptocurrency markets, but in most traditional markets as well. Each of us plebs in the forum you ask would give you a different reason, or what to “believe”, but I believe, it has become a like self-fulfilling prophecy. Because it is expected that September would be down, then investors and traders bid lower, or avoid the market.

[The Cryptovator]

The reason for the increased price of Bitcoin is FOMO now.  I am not sure if you have been noticing or not but you might notice from now, whenever you see a lot of positive news about Bitcoin then definitely the price of Bitcoin will grow. So in the current month have seen a lot of positive news like the US doesn't want to ban crypto, El Salvador adopting Bitcoin,  ETF approvals, and a lot more. This is the exact reason, and as far as we know it few institutional investors are jumping into it, so all over the situation is pretty good to pump Bitcoin. I'm not sure how long it will last but that is how actually currency prices grow.

[Vaskiy]

The reason for the increased price of Bitcoin is FOMO now.  I am not sure if you have been noticing or not but you might notice from now, whenever you see a lot of positive news about Bitcoin then definitely the price of Bitcoin will grow. So in the current month have seen a lot of positive news like the US doesn't want to ban crypto, El Salvador adopting Bitcoin,  ETF approvals, and a lot more. This is the exact reason, and as far as we know it few institutional investors are jumping into it, so all over the situation is pretty good to pump Bitcoin. I'm not sure how long it will last but that is how actually currency prices grow.

Agreed, apart from those mentioned, the market is getting widened. Institutional investors are getting into the bitcoin in big numbers. This contributes a specific percentage, whereas the common man participation has increased massively. In every country the cryptocurrency user number have increased compared to the previous year. The positive news around and common people's wider view about technology too making a change in the market trend.

[7788bitcoin]

The reason for the increased price of Bitcoin is FOMO now.  I am not sure if you have been noticing or not but you might notice from now, whenever you see a lot of positive news about Bitcoin then definitely the price of Bitcoin will grow. So in the current month have seen a lot of positive news like the US doesn't want to ban crypto, El Salvador adopting Bitcoin,  ETF approvals, and a lot more. This is the exact reason, and as far as we know it few institutional investors are jumping into it, so all over the situation is pretty good to pump Bitcoin. I'm not sure how long it will last but that is how actually currency prices grow.

There was a difference when El Salvador implemented Bitcoin as their legal currency, the entire cryptocurrency market went down drastically, it is hard to predict why the market would perform in either direction. The thing i notice is that during certain months the market would go down and during a bull run, usually the month of September the master usually goes down and then from October onwards the market usually rallies till the end of the year and that is what we are seeing now. We can come up with any reason and that is what the news outlet usually comes out with and majority of the time i feel like made up reasons.

[Silberman]

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??

There are two possible reasons that I can think of, the first is the the reason the price always moves, supply and demand, and as such the fact that it happened in October is just a coincidence, the other option is that this is an example of a self-fulfilling prophecy, people believe that something will happen at a certain time and they take actions to prepare themselves for it not realizing that those actions are the ones that will lead them to follow that path.

[jostorres]

people believe that something will happen at a certain time and they take actions to prepare themselves for it not realizing that those actions are the ones that will lead them to follow that path.

This can be coined as market sentiment.
When more people believe into cycle nature for a market then more than 50% of market participants will take same decision.

People are aware of halving and its consequences and then 10x growth after halving and then interest on bitcoin investments from large institution and governments. So, FOMO will come to action when more people believe into market sentiments. Unfortunately these exact sentiments are also applicable for bear market as well which is the reason why do have year long bearish market after 10x growth in every 4 year cycle.

[Kasabus]

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??

There are two possible reasons that I can think of, the first is the the reason the price always moves, supply and demand, and as such the fact that it happened in October is just a coincidence, the other option is that this is an example of a self-fulfilling prophecy, people believe that something will happen at a certain time and they take actions to prepare themselves for it not realizing that those actions are the ones that will lead them to follow that path.

This October pump is more likely because the people alone are more aware now that bitcoin will definitely hit its new all time high before the end of the last quarter so the demand grows instantly which contributes to the pump in the market. Or it might be there's a FOMO that investors are now rushing to invest in the market before the price becomes very bullish. Whatever it is, let's just say that its really time for the crypto market to be bullish because the previous month had witnessed a market crash that made most of the coins dump their prices.

[FanEagle]

Maybe the season contributes on what people feel right now, also since market showing some green signs then maybe we can speculate that this speculated figures will truly came but lets still not erase the fact that sometimes our expectation will not go as we want since sometimes there are sudden turndown since there are bad news came which is use by manipulators and hopefully we will not go into that point until the end of this year.

Manipulators will always try to do the opposite of what is going on right now. While it is going up then there is no need to manipulate it, if whales buy some more than they could end up profiting. However if they end up with a proper profit situation by working hard and reversing the situation we are in, then they could make a lot more money. I believe that we could definitely see the situation changing if manipulators take the charge.

The amount of money we are dealing with right now means they can't just manipulate with money, that would be near impossible, so they would have to just make some big news to change our ideas and the movement direction.

[Slow death]

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??

it seems to me everything indicates that someone had inside information about a possible ETF approval or simply that person must have spread information that it was almost guaranteed that the ETF will be approved and with that people started a rush to buy bitcoin, the question here is : why are people believing in a possible ETF approval and why are they buying bitcoin? The answer is simple: paypal has accepted bitcoin, other billionaires and millionaires have been talking highly of bitcoin, we've seen things El Salvador is doing, the SEC is watching all this, they're seeing bitcoin is no longer something they can ignore so accepting an ETF would be possible at this point. well even what they don't accept won't be the end of the world

[Rajamuda]

It happened so naturally, maybe their predictions or speculations... coincidentally in the right and correct predictions, other influences can push prices up in early October.
Everything is uncertain but some implications speak that it could push Bitcoin higher this October.
Basically, we really have to be able to examine patterns that keep happening from time to time, sometimes it can add predictive material when taking steps in investing or trading. After a decline there will definitely be a strong rise, we are currently in an uptrend, and know how to deal with the volatile character of Bitcoin itself and other coins in the market.

[Dhaniii]

It happened so naturally, maybe their predictions or speculations... coincidentally in the right and correct predictions, other influences can push prices up in early October.
Everything is uncertain but some implications speak that it could push Bitcoin higher this October.
Basically, we really have to be able to examine patterns that keep happening from time to time, sometimes it can add predictive material when taking steps in investing or trading. After a decline there will definitely be a strong rise, we are currently in an uptrend, and know how to deal with the volatile character of Bitcoin itself and other coins in the market.

Bitcoin is in a volatile market in the current uptrend position. We see bitcoin leading the market today as evidenced by bitcoin's dominance reaching its highest level in recent months. October was the highest level after last April before a price correction occurred with the previous highest level of $62k/coin. looks like bitcoin will break through the $60k market again next week.

[jaberwock]

It happened so naturally, maybe their predictions or speculations... coincidentally in the right and correct predictions, other influences can push prices up in early October.
Everything is uncertain but some implications speak that it could push Bitcoin higher this October.
Basically, we really have to be able to examine patterns that keep happening from time to time, sometimes it can add predictive material when taking steps in investing or trading. After a decline there will definitely be a strong rise, we are currently in an uptrend, and know how to deal with the volatile character of Bitcoin itself and other coins in the market.

It always happens naturally, all those news and stuff are just things that make it interesting for a while and that's it, we do not get to see those kinds of things too much. Every up and down happens because people end up buying or selling more and all the other parts like news or manipulations or whales or whatever all are just way of making people change their ideas and that's it. I personally do not even take a look at them, I look at the price and I make my moves based on that. If the price drops too much then I will end up buying a ton (as much as I can afford to) and whenever it goes up then I just stop buying and start watching it.

[davis196]

Many traders were expecting the China FUD to dump the Bitcoin price.This didn't happen,which made the traders very optimistic.This can be combined with the positive news coming from the USA,stating that there are no plans to ban Bitcoin.I don't think that the news about Twitter had such an impact over the Bitcoin price.
I guess that the current price pump is caused by a "snowball effect" like all the price pumps before.
Traders start buying BTC,the price goes up,more traders start buying because of FOMO and the ball keeps rolling.This makes me feel that we are in a FOMO phase and Bitcoin price is forming a bubble.

[traderethereum]

You do not have to be surprised to see what happens on the first day of October because that pump can come anytime and we already saw the pump came again a few days ago.
So if in September we saw the dip and we see the pump in this month, that is normal because the price will not stay at one position forever.
This pump gives us a chance to make a profit and many of us already make a big profit from the pump so we should use enjoy the moment.
Maybe in the next two months later, we will see another pump for bitcoin or altcoin so better you prepare yourself by placing your order sell at the price you want.

[arwin100]

Many traders were expecting the China FUD to dump the Bitcoin price.This didn't happen,which made the traders very optimistic.This can be combined with the positive news coming from the USA,stating that there are no plans to ban Bitcoin.I don't think that the news about Twitter had such an impact over the Bitcoin price.
I guess that the current price pump is caused by a "snowball effect" like all the price pumps before.
Traders start buying BTC,the price goes up,more traders start buying because of FOMO and the ball keeps rolling.This makes me feel that we are in a FOMO phase and Bitcoin price is forming a bubble.

It move the market a little bit but this one didn't create any huge damage to the price since after the dump the pump slowly coming back again since many people realize that this is only a fud which the main intention is to earn from the panic of the people. And since we are now starting to pump up again for sure many people nor are in FOMO since the discussion towards 6 digits new ATH is rolling back again so let see how we will end up at the end of this year.

[gleisson05]

"China ban" appeared to be advantageous for crypto, eventually. First we experienced significant dip, which is always natural under the given circumstances, and then things got back on track (to the moon).

[poldanmig]

"China ban" appeared to be advantageous for crypto, eventually. First we experienced significant dip, which is always natural under the given circumstances, and then things got back on track (to the moon).

The ban from China has continued to exist from year to year, does that make bitcoin die?
Of course not, because so far the price of bitcoin has not depended on any single country in the world, even though the Chinese ban did affect the price slightly, but it is not permanent because we all know that supply and demand factors that occur in the market are the main factors for bitcoin prices.

[BITCOIN4X]

Bitcoin is gaining strong FOMO after several correction from April to September. I actually didn't expect the bitcoin price this October to soar to almost reach the previous ATH at the $64K level. Obviously this is not a game of whales but the desire of traders and investors to make the demand for bitcoin increase and this FOMO has led most people to believe that bitcoin will surpass ATH. It's very close now and we'll just have to wait until the end of October.

The ban from China has continued to exist from year to year, does that make bitcoin die?

No, China was just a FUD for bitcoin but it didn't last much longer because the investors' support and the trust of bitcoin users had managed to break through the resistance and in the end China's FUD didn't last.

[coupable]

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??

ou will get many speculative opinions about your querry.
Personally, I can set two reasons for this ;
First is about the Ban made by Chineese authorities over all form of cryptocurrency use. People remember how the price reach all time high twice right after a Ban made also by China and some other goves back in 2017 and 2013. Second, is that Twitter announced the lunch of the new feature of rewarding users with Lightening network channels. This news had to pump the price to higher stages but infortunetly it was announced in the same day China enforced the Ban for crypto use.

[darkangelosme]

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??

For me i think it is cause by some whales for people to think that it is a bullish season already, i don't think it will last until November, so it is the right time to to think twice.

[bbc.reporter]

This October pump might only be the usual market activity of buy the rumor, sell the news hehehe. There are 4 ETF applications that are pending for approval for this month. The first will be on Monday, October 18 and another on October 19 then for the other 2 on October 25.

[geegaw]

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??

For me i think it is cause by some whales for people to think that it is a bullish season already, i don't think it will last until November, so it is the right time to to think twice.

The engineers for this bull season are probably abandoned whales in China, after bad debt reduced the economic optimism, they have been compensated with another mental shock about the future sentencing with the crypto model, in the situation of forcing the early liquidation of projects that have not yet reached the standard, the pump is the result of this compulsion. But maybe as you say, the pace of the market is just being supported by a cheap shelf, when the weight increases by a few beats, the zero gravity fall environment will be present.

[Silberman]

"China ban" appeared to be advantageous for crypto, eventually. First we experienced significant dip, which is always natural under the given circumstances, and then things got back on track (to the moon).

The ban from China has continued to exist from year to year, does that make bitcoin die?
Of course not, because so far the price of bitcoin has not depended on any single country in the world, even though the Chinese ban did affect the price slightly, but it is not permanent because we all know that supply and demand factors that occur in the market are the main factors for bitcoin prices.

I wonder how many times they can keep banning bitcoin, they have been doing so almost like clockwork every year and every time people react in the same way, not realizing that with each move like this the government of China losses their influence over the market and as time passes it is going down more and more, so I really expect that next year when we see China banning bitcoin again then the effects are going to be slightly lower than what we saw this year.

[sikke]

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??

How? Because bitcoin is just reverting to its intrinsic value.

BTC was undervalued last month, and the selloff was extremely unjustified in light of news regarding Evergrande. I'm not sure how people even came to the conclusion that bitcoin should be affected by something happening to the real estate market in China to be completely honest.

Now it's just making up for that bearish sentiment. It has nothing to do with October starting though.

[snipie]

Maybe the Golden Cross that we have been talking about for a long period of time happened and this has been its affecs so far. Or there is no special explanation for this pump and it is just about the usual volatility of the market. And this market never needs a reason to pump or go down sharply. It just happens even when we don't expect such thing to happen.

Small signs from here and there in addition to the normal volatility of course.
Some companies announcements, ETF...etc but I think the expected ETF announcement next week? is driving the price up the most.

[bbc.reporter]

@Ratimov. Agreed. Let us enjoy this present pump, however, on the threat of being accused of being an antagonizer again, my message is always the same. We should also be cautious because the reality of the market is bubbles will always pop. There are people who would say I fud, I would ask them is the cryptospace markets presently not in a bubble?



Crypto-currency market is double the size of US sub-prime debt before financial crisis

The crypto-currency market is double the size of the sub-prime debt in the US on the eve of the financial crisis and poses a threat unless urgently regulated, the Bank of England (BOE) said. Crypto assets are now worth $2.3 trillion (€2 trillion), about 200 per cent more than at the start of the year. While that’s still a small part of the $250 trillion global financial system, it’s about twice the size of the $1.2 trillion sub-prime real estate debt market in 2008.

Source https://www.irishtimes.com/business/markets/crypto-currency-market-is-double-the-size-of-us-sub-prime-debt-before-financial-crisis-1.4699629

[Ararbermas]

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??

probably it's because of some prediction of some analyst during the correction between month of september, wherein they said that the bearish will not last like what happened before,  and yes it happened maybe on the first  day of October a lot of investors see that there's a sign of bullish wherein reason market gradually turn into green again until it goes like this right now.. Well it's not surprising to be honest because nowadays its a bout news, i mean how the market works especially if whales ride the positive views of some crypto analyst for sure there will be a bull run..

[samcrypto]

Maybe the Golden Cross that we have been talking about for a long period of time happened and this has been its affecs so far. Or there is no special explanation for this pump and it is just about the usual volatility of the market. And this market never needs a reason to pump or go down sharply. It just happens even when we don't expect such thing to happen.

Small signs from here and there in addition to the normal volatility of course.
Some companies announcements, ETF...etc but I think the expected ETF announcement next week? is driving the price up the most.

This is the expect of many good news and yes, that golden cross trigger the uptrend again and its really good to see Bitcoin on $62k again.
A little pullback for now but that's ok, we still have 15 days in October and I'm confident that we can make a new ATH this month. If you don't have Bitcoin yet, its not too late to buy, many good news will still come and that could push more the price of Bitcoin going up.

[elisabetheva]

September has historically been a weak month for Bitcoin. In October, there was often a pump, by the way, in 2017 everything was exactly the same. September is bad, October is good. But something else worries me now. The pump to 62,000 actually happened not because something was approved there, but because it became known that Bitcoin ETFs could soon be approved. Moreover, open interest is growing, the financing rate is growing, and the leverage used in the derivatives markets is also growing. I fear that in October there may be a short-term correction, 15 percent, before going to ATH. Take a look at the daily chart, a sharp spire with almost no pullbacks, solid rallies. Longs can meet short-term resistance.

Actually there are two patterns that are the same this year as 2013 and 2017, only the exact same pattern seen since September is 2017 as you said.
2021 September -7.03%
2017 September -7.44%
2013 September -1.76%
but in october 2013 it increased +60.79% and 2017 +47.81% if it is true what you say is the same as 2017 then we can be sure that ATH will occur in december.

as you said that there will be a short correction in October, whether it will really happen, it will still not affect that bitcoin will reach renewable ATH, so there is no worry for all who are waiting for a good change from bitcoin that has been awaited.

[electronicash]

Maybe the Golden Cross that we have been talking about for a long period of time happened and this has been its affecs so far. Or there is no special explanation for this pump and it is just about the usual volatility of the market. And this market never needs a reason to pump or go down sharply. It just happens even when we don't expect such thing to happen.

Small signs from here and there in addition to the normal volatility of course.
Some companies announcements, ETF...etc but I think the expected ETF announcement next week? is driving the price up the most.

This is the expect of many good news and yes, that golden cross trigger the uptrend again and its really good to see Bitcoin on $62k again.
A little pullback for now but that's ok, we still have 15 days in October and I'm confident that we can make a new ATH this month. If you don't have Bitcoin yet, its not too late to buy, many good news will still come and that could push more the price of Bitcoin going up.

Bitcoin ETF that he is saying is probably what drives this bull run faster. $BITO will launch this Monday, they don't want to wait for SEC to approve it. but because this is ETF, many will buy this and leave GBTC for this new ETF will not make the prices swing wildly.  although, it's still best to have a real Bitcoin in our wallet.
i'm also positive the October pump is driven by the speculation of the Bitcoin ETF that is coming.

[FanEagle]

Let us enjoy this present pump, however, on the threat of being accused of being an antagonizer again, my message is always the same. We should also be cautious because the reality of the market is bubbles will always pop. There are people who would say I fud, I would ask them is the cryptospace markets presently not in a bubble?

I do not think that what made the subprime so bad was not actually the size but it was basically the fact that they were defaulting their loan and that was the main reason. We have seen people getting mortgages with absolutely nothing and that was the main reason.

If you have so much mortgages under one umbrella and there were too many people who end up not paying at all then you are not going to be getting any profit because eventually we are going to see people not making their payments and you are going to end up getting defaulted and that will be worth zero in the end. That is what happened in 2008 people did not pay their mortgages and then the subprime loans got crashed.

[Oceat]

September has historically been a weak month for Bitcoin. In October, there was often a pump, by the way, in 2017 everything was exactly the same. September is bad, October is good. But something else worries me now. The pump to 62,000 actually happened not because something was approved there, but because it became known that Bitcoin ETFs could soon be approved. Moreover, open interest is growing, the financing rate is growing, and the leverage used in the derivatives markets is also growing. I fear that in October there may be a short-term correction, 15 percent, before going to ATH. Take a look at the daily chart, a sharp spire with almost no pullbacks, solid rallies. Longs can meet short-term resistance.

Actually there are two patterns that are the same this year as 2013 and 2017, only the exact same pattern seen since September is 2017 as you said.
2021 September -7.03%
2017 September -7.44%
2013 September -1.76%
but in october 2013 it increased +60.79% and 2017 +47.81% if it is true what you say is the same as 2017 then we can be sure that ATH will occur in december.

as you said that there will be a short correction in October, whether it will really happen, it will still not affect that bitcoin will reach renewable ATH, so there is no worry for all who are waiting for a good change from bitcoin that has been awaited.

I hope you are right since it seems like the correction is on the move already so maybe at November there will be a stable or up and down movement but we don't know yet what is the real support. If it's $60k then I'm sure there will be a new ATH before the year end, plus if ETF is going to finally approved by the SEC then expect a barage of pump making Bitcoin to break a new ATH.

Almost everyone is hoping for this but Bitcoin steadily standing strong despite of what was the past decision of SEC so I think it's just a bonus if SEC would approve the ETF. They don't need it this time but some are expecting that there will be a good decision from them.

[cryptomaniac_xxx]

September has historically been a weak month for Bitcoin. In October, there was often a pump, by the way, in 2017 everything was exactly the same. September is bad, October is good. But something else worries me now. The pump to 62,000 actually happened not because something was approved there, but because it became known that Bitcoin ETFs could soon be approved. Moreover, open interest is growing, the financing rate is growing, and the leverage used in the derivatives markets is also growing. I fear that in October there may be a short-term correction, 15 percent, before going to ATH. Take a look at the daily chart, a sharp spire with almost no pullbacks, solid rallies. Longs can meet short-term resistance.

And it's officially approved yesterday right? So we are all good.

But the pump wasn't there, although we are still above $60k, I was expecting a massive pump like $63k in just a couple of hours upon reading the news. But in any case, it was cool to hear the news and let's see this Monday if we are going to continue with this run (I believed it will), and register a new all time high. Yeah, possible that a short term correction will happen this month, but I'm seeing it happen in the last week. So we still have a week to keep this pump going.

[Reid]

When FUD comes in a massive spread traders will try to take advantage of it and ride with the FUD.
That means a widespread dump that could lead to a short-term bear. But, what comes down must also go up again when we are talking about cryptocurrencies.
It's the volatile nature of it and it will happen whether we like it or not.
Then, there's China a few months ago and the news about it calms down, I even forgot what's the name of the firm or company that made the market fell down.

[Silberman]

Let us enjoy this present pump, however, on the threat of being accused of being an antagonizer again, my message is always the same. We should also be cautious because the reality of the market is bubbles will always pop. There are people who would say I fud, I would ask them is the cryptospace markets presently not in a bubble?

I do not think that what made the subprime so bad was not actually the size but it was basically the fact that they were defaulting their loan and that was the main reason. We have seen people getting mortgages with absolutely nothing and that was the main reason.

If you have so much mortgages under one umbrella and there were too many people who end up not paying at all then you are not going to be getting any profit because eventually we are going to see people not making their payments and you are going to end up getting defaulted and that will be worth zero in the end. That is what happened in 2008 people did not pay their mortgages and then the subprime loans got crashed.

About that crisis, we need to look further than that, it is true it all began when people stopped paying their mortgages in huge numbers, but we need to wonder why that was the case? And the answer is simple because they could not afford the house on the first place, the way the loans they received were structured was that at first the payments they needed to make were low but after a few years the payments went up in a significant way and if to this you add that they gave a loan basically to anyone that asked this fueled a bubble which eventually burst.

[AmoreJaz]

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??

Maybe it's time to pump up and later at the end of October it might go down again, that's the market conditions that occur for all existing coins without exception, but many people believe that October is the most normal condition for existing coins, but none those who dare to guarantee how long it will last, given that market conditions can change in a matter of days, weeks and months.
To ensure safety for people who invest, October is a move to sell some existing coins that have a high selling value.

but if you talk about bitcoin market here, i have the feeling that its price increase will continue as btc ETF has just been approved. with the actual launching of this ETF in few hours, we will know what will be the sentiments in the market. but this is really great news as other crypto ETFs may follow soon.
other top alts may follow this movement but only those that are really deemed valuable in the market. other alts with substandard foundation won't cope up with this developments.

[BuNga_cute]

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??

Maybe it's time to pump up and later at the end of October it might go down again, that's the market conditions that occur for all existing coins without exception, but many people believe that October is the most normal condition for existing coins, but none those who dare to guarantee how long it will last, given that market conditions can change in a matter of days, weeks and months.
To ensure safety for people who invest, October is a move to sell some existing coins that have a high selling value.

Why is investing in crypto said to have a very high risk, because the price is very volatile, no one can guarantee until the end of October the market
will continue to rise. But so far the performance of most cryptos is very good, especially Bitcoin price can stay above $60k and probably will return
to ATH price in the near future. I agree with you, to be safer, we should take profit a coins that have reached a high enough price. Then we will not
regret if suddenly the market crashes, we lose the opportunity to get profit. Even though the price is increasing, we are just waiting for a correction
to occur to buy again coins that we consider potential.

[michellee]

Why is investing in crypto said to have a very high risk, because the price is very volatile, no one can guarantee until the end of October the market
will continue to rise. But so far the performance of most cryptos is very good, especially Bitcoin price can stay above $60k and probably will return
to ATH price in the near future. I agree with you, to be safer, we should take profit a coins that have reached a high enough price. Then we will not
regret if suddenly the market crashes, we lose the opportunity to get profit. Even though the price is increasing, we are just waiting for a correction
to occur to buy again coins that we consider potential.

Yes, it is true,
We must have our own pattern in making purchases, the pattern must be based on current market conditions, so that we really take the right decision to buy, usually people make purchases when the coin price drops and sell when the coin goes up, and I believe the condition of bitcoin will affect altcoins on the market. Regarding the risks of investing in crypto, I think everything we are going to do has risks, especially when it comes to investing.

Some people start buying when the price rises and they do that in a rush without thinking that the increase is only for a while and then back to the lower price. But this October, maybe the increases of the price get a good time whereas people see the good moment to buy crypto and give support to the crypto because of some good news out there. That support can lift the price to start increase, even if that will be a step by step to achieve the next high price like what we saw to bitcoin. So while we see that the bullish still at the market, we can analyze where we should sell the coin and what price we can place to make a profit.

[milewilda]

Why is investing in crypto said to have a very high risk, because the price is very volatile, no one can guarantee until the end of October the market
will continue to rise. But so far the performance of most cryptos is very good, especially Bitcoin price can stay above $60k and probably will return
to ATH price in the near future. I agree with you, to be safer, we should take profit a coins that have reached a high enough price. Then we will not
regret if suddenly the market crashes, we lose the opportunity to get profit. Even though the price is increasing, we are just waiting for a correction
to occur to buy again coins that we consider potential.

Yes, it is true,
We must have our own pattern in making purchases, the pattern must be based on current market conditions, so that we really take the right decision to buy, usually people make purchases when the coin price drops and sell when the coin goes up, and I believe the condition of bitcoin will affect altcoins on the market. Regarding the risks of investing in crypto, I think everything we are going to do has risks, especially when it comes to investing.

Some people start buying when the price rises and they do that in a rush without thinking that the increase is only for a while and then back to the lower price. But this October, maybe the increases of the price get a good time whereas people see the good moment to buy crypto and give support to the crypto because of some good news out there. That support can lift the price to start increase, even if that will be a step by step to achieve the next high price like what we saw to bitcoin. So while we see that the bullish still at the market, we can analyze where we should sell the coin and what price we can place to make a profit.

When making buying positions or decisions then it would be always like a hit or miss and its always been like that on which people doo really make out decisions from time to time and whenever they do
saw opportunities for them to buy then they do make out actions whether its just a fake pump or totally a reversal- no one could actually tell. This October pump reason is unknown yet but we can
presume out situations like this to be very common because market is unpredictable.It could move without that obvious reason and this is where people decisions do vary basing up with their
own experience and knowledge towards the market.

[ene1980]

~
When making buying positions or decisions then it would be always like a hit or miss and its always been like that on which people doo really make out decisions from time to time and whenever they do saw opportunities for them to buy then they do make out actions whether its just a fake pump or totally a reversal- no one could actually tell.

It is always hit and miss situation when you are investing but majority of the investors who are in here for a quick profit usually invest once the market starts to rally to ride the rally and book the profit and all they do is rinse and repeat and that is how they make profit in a high volatile market.

This October pump reason is unknown yet but we can presume out situations like this to be very common because market is unpredictable.It could move without that obvious reason and this is where people decisions do vary basing up with their own experience and knowledge towards the market.

You cannot always find reason for a rally and that is how the market is and the next two months are also bullish during a rally and that is what i am expecting.

[wiss19]

Why would we need someone who makes these type of decisions for us? I mean can't we just simply make something that would be basically realizing the fact that we could simply live something decent and end up not questioning the situation? Just realize that we are doing fine and that's it, live with the great situation we are in and forget about the reason.

I am enjoying this super increase this month and I ignore everything else, as long as it is high then I am fine with it. If you try to find reason behind every move that bitcoin is making then you are going to get crazy about what's going on, and then you will try to find every reason for every move and you will not be able to and it will drive you crazy.

[Sanitough]

Why would we need someone who makes these type of decisions for us? I mean can't we just simply make something that would be basically realizing the fact that we could simply live something decent and end up not questioning the situation? Just realize that we are doing fine and that's it, live with the great situation we are in and forget about the reason.

I am enjoying this super increase this month and I ignore everything else, as long as it is high then I am fine with it. If you try to find reason behind every move that bitcoin is making then you are going to get crazy about what's going on, and then you will try to find every reason for every move and you will not be able to and it will drive you crazy.

The crypto market has always been unpredictable so we should expect that there will be unreasonable pump and dump every now and then. There may be positive or negative news that affects the market but sometimes, the market just easily pump and dump because that's what its cycle. And there's no need to know every detail why the market pump or even dump because we are not here to question the market, but to make advantage in every market's price movements and end up making profits from it.

This October pump is probably the start of the bull run. So we should be happy instead because we are very near to our high expectations that the market will finally become bullish so we can gain huge profits in the end.

[Wawa2013]

Why would we need someone who makes these type of decisions for us? I mean can't we just simply make something that would be basically realizing the fact that we could simply live something decent and end up not questioning the situation? Just realize that we are doing fine and that's it, live with the great situation we are in and forget about the reason.

I am enjoying this super increase this month and I ignore everything else, as long as it is high then I am fine with it. If you try to find reason behind every move that bitcoin is making then you are going to get crazy about what's going on, and then you will try to find every reason for every move and you will not be able to and it will drive you crazy.

I agree we shouldn't bother looking for reasons why Bitcoin pump, the most important thing is that Bitcoin is increasing in price, it's something
we should be grateful for and there's no need to question it anymore. Sometimes humans are very curious about everything, so they seek to find out
the cause of everything. Though there are certain things that are better not to think about, like the increase in the price of Bitcoin we should enjoy it
rather than question it. Like we did something nice to someone, there is no need for a reason to help others, because that is what humans have to do.

[Kelvinid]

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??

TRUST and Huge PROFIT...
These things brought people to come to crypto and invest in Bitcoin in particular. Because despite those negative news, banning of China, SEC regulation but still, many were still encouraged to put their money in a very risky investment. Do they are hoping for luck? I don't know but they did this because they believe that they can get something from here, yes, yet it was risky but profiting especially when we work hard on it.

[FlamingFingers]

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??

it has been a normal routine every September, bitcoin will always dump, its not like a blaming game but its just that it's now an annual occurrence, While there is been no particular reason why Bitcoin doesn’t like September, i believe BTC will break the jinx soon, October pump is much more expected, ETF approval is one of the major news that pushed up Btc price, despite the September Fud from China, the press and government knows what they are doing they just want to have total control of the market, Fud and pump news are deliberately being used to manipulate the market

[doomloop]

While there is been no particular reason why Bitcoin doesn’t like September, i believe BTC will break the jinx soon, October pump is much more expected, ETF approval is one of the major news that pushed up Btc price, despite the September Fud from China, the press and government knows what they are doing they just want to have total control of the market, Fud and pump news are deliberately being used to manipulate the market

I do not think such jinx will get broken at any time soon. Because, as per most speculators the coming years must be bearish and sideways hence we might need to wait for another four years to see any such superstitions to get broken. So, this time also bitcoin simply followed all the market sentiments and this way we could expect market to remain complete bullish for this October and November months and the by end of December bulls may start losing their power.

October is the exact starting month of last quarter of a year where bitcoin's bulls may wake up due to festival celebration reasons. Anyway, when most people do think in same manner then we can easily notice that market obeys as per our speculations; this way October months are known for domination of bulls.

[LogitechMouse]

Just a normal scenario for Bitcoin I guess.
September if you will look at the charts is really a bad month for Bitcoin but the remaining 3 months is one of the best months of it. I'm not saying though that from October - December, price of Bitcoin don't go down but if you will look at the history you will see that most of the time it goes up.

I think there is no need for an explanation into what is happening this month because it is expected already base on the history. One thing more is that the bulls are still in control of the market. We almost saw the Bears controlling it by seeing Bitcoin went down to below $30,000 but it didn't happen and instead the bulls prevail.

[Reatim]

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??

China's banning gives big impact on this growth because the world is now taking the adoption of Mining and other activities that China abandoned .

And also we Knew that October is always the beginning of the pump because this is the start of the last quarter and investors are getting ready to their Christmas withdrawal .

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??

Maybe it's time to pump up and later at the end of October it might go down again, that's the market conditions that occur for all existing coins without exception, but many people believe that October is the most normal condition for existing coins, but none those who dare to guarantee how long it will last, given that market conditions can change in a matter of days, weeks and months.
To ensure safety for people who invest, October is a move to sell some existing coins that have a high selling value.

November at some point bringing small fall but December is making its way up surely.

[rincoeng1986]

Just a normal scenario for Bitcoin I guess.
September if you will look at the charts is really a bad month for Bitcoin but the remaining 3 months is one of the best months of it. I'm not saying though that from October - December, price of Bitcoin don't go down but if you will look at the history you will see that most of the time it goes up.

I think there is no need for an explanation into what is happening this month because it is expected already base on the history. One thing more is that the bulls are still in control of the market. We almost saw the Bears controlling it by seeing Bitcoin went down to below $30,000 but it didn't happen and instead the bulls prevail.

the month of october bitcoin has gone too far to climb, could it be that he has reached the end of the mountain or is still in the process of climbing it. I'm a little worried about the current state of the market, if bitcoin is at the end of the climb it might come back down to take the next mountain. hopefully bitcoin continues the process of climbing high mountains reaching the latest ATH price.

[perfect999]

Just a normal scenario for Bitcoin I guess.
September if you will look at the charts is really a bad month for Bitcoin but the remaining 3 months is one of the best months of it. I'm not saying though that from October - December, price of Bitcoin don't go down but if you will look at the history you will see that most of the time it goes up.

I think there is no need for an explanation into what is happening this month because it is expected already base on the history. One thing more is that the bulls are still in control of the market. We almost saw the Bears controlling it by seeing Bitcoin went down to below $30,000 but it didn't happen and instead the bulls prevail.

It is not a normal situation, but also a normal situation for bitcoin. It is normal because we are a volatile market and we have seen these type of increases all the time, last year around these times we started to move from 10k and then became 60k by the time we reached May, so it was a super increasing period and we did that from 10k, so right now doing that from 30-40k is not really that weird, which is why it is normal.

However it is not normal because we do not see it "everyday", it is definitely possible for bitcoin to have some sort of big increase and that is why I understand people who are seeing it as normal, but we reached as low as 30k as well, so this increase is something very important for us.

[Silberman]

Why would we need someone who makes these type of decisions for us? I mean can't we just simply make something that would be basically realizing the fact that we could simply live something decent and end up not questioning the situation? Just realize that we are doing fine and that's it, live with the great situation we are in and forget about the reason.

I am enjoying this super increase this month and I ignore everything else, as long as it is high then I am fine with it. If you try to find reason behind every move that bitcoin is making then you are going to get crazy about what's going on, and then you will try to find every reason for every move and you will not be able to and it will drive you crazy.

I agree we shouldn't bother looking for reasons why Bitcoin pump, the most important thing is that Bitcoin is increasing in price, it's something
we should be grateful for and there's no need to question it anymore. Sometimes humans are very curious about everything, so they seek to find out
the cause of everything. Though there are certain things that are better not to think about, like the increase in the price of Bitcoin we should enjoy it
rather than question it. Like we did something nice to someone, there is no need for a reason to help others, because that is what humans have to do.

Correct, this is just human nature, it is that nature of us that has allowed us to understand many things that previously were thought to be impossible to comprehend, however this nature can also take a bad turn as people use means to explain what happens that do not align with reality, the truth is that there is stuff that is impossible to explain to the point we can make perfect predictions about it, and one of those things are the markets, someone can make decent predictions about what it could happen, but it is impossible to know all the time what will happen beforehand.

[milewilda]

~
When making buying positions or decisions then it would be always like a hit or miss and its always been like that on which people doo really make out decisions from time to time and whenever they do saw opportunities for them to buy then they do make out actions whether its just a fake pump or totally a reversal- no one could actually tell.

It is always hit and miss situation when you are investing but majority of the investors who are in here for a quick profit usually invest once the market starts to rally to ride the rally and book the profit and all they do is rinse and repeat and that is how they make profit in a high volatile market.

This October pump reason is unknown yet but we can presume out situations like this to be very common because market is unpredictable.It could move without that obvious reason and this is where people decisions do vary basing up with their own experience and knowledge towards the market.

You cannot always find reason for a rally and that is how the market is and the next two months are also bullish during a rally and that is what i am expecting.

Doesnt matter on how its done because what matter most is that you do end up on having profits in the end of the day and just like on most people been saying that we do make out moves
when the market is already moving up but it doesnt matter because you could neither able to jump in mid way or already in the peak but as long you do make gains then
that what matter the most.For looking some reasons of this pump whether what month we are on then it cant really be known.

[ziyaaa]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

[Webetcoins]

I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all.

Last year, bitcoin ecosystem had its third halving which means the supply got reduced by 50% from what we had before that so obviously prices need to rise up in coming months and that is exactly happening right now. So, you must learn about basics of bitcoin before calling that bitcoin is rising without reasons.

Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

China had tried many times in the past to stop the progress of bitcoin but people from there somehow managed to resume their usual crypto activities; which is the reason China tried this year for one more time. I guess again Chinese people will find their own way to embrace bitcoin in one or other way.

[STT]

The OCT price action rising so consistently is coming after we release from a multi month down trend, progress is far easier at that point.   If any consensus is found in a pattern and speculators who might normally choose to short but swear off any negative take then we rise far more then normal.
  The most powerful thing is always consensus, its never the whales or large entities its the breadth of the market in agreement and the difference in how much we can rise then is very noticeable.

[Joshapat]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

The Chinese government even banned all cryptocurrencies but it didn't have any impact because I believe Chinese people love cryptocurrencies so they don't care about government advice, this is the right time to continue investing in cryptocurrencies because I believe the market will continue to improve.

[bitterguy28]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

The Chinese government even banned all cryptocurrencies but it didn't have any impact because I believe Chinese people love cryptocurrencies so they don't care about government advice, this is the right time to continue investing in cryptocurrencies because I believe the market will continue to improve.

actually China banning bitcoin  has a big impact in the market , and that is the Pumping now lol.

Now that the world opened to Bitcoin and cryptocurrencies as this following china banning , meaning the outcome is positive and if they did not completely banned BTC i think this wont give that effect now.
so Thanks to China government for this.

[Fatunad]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

The Chinese government even banned all cryptocurrencies but it didn't have any impact because I believe Chinese people love cryptocurrencies so they don't care about government advice, this is the right time to continue investing in cryptocurrencies because I believe the market will continue to improve.

actually China banning bitcoin  has a big impact in the market , and that is the Pumping now lol.

Now that the world opened to Bitcoin and cryptocurrencies as this following china banning , meaning the outcome is positive and if they did not completely banned BTC i think this wont give that effect now.
so Thanks to China government for this.

Im seeing differently because on that time of the news where China did ban bitcoin or crypto and also mining activity, then it didnt really make the market that affected that much or did really go down
but instead it do make out some good run and now we do able to break newer ATH even though not that really a big change on price but at least we did able to reach it out despite of these sentiments.
This do purely shows off that market is totally unpredictable and there's no way you could really attached up some news and presume that there would be some precise outcome or results
thats why i dont really believed about on countries banning event could really make that much.

[mumang siat]

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??

Conditions like this are a natural thing to happen in the crypto world, there are times when there is pumping and there are times when there is a correction, both of which cannot be separated in the crypto space, but there are factors that affect both, so that the rise and fall of prices is the effect of the pump and with the correction , in October there was a pumping of almost all existing coins without exception especially bitcoin which continued to become more valuable and was followed by other coins behind it.

[Silberman]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

The Chinese government even banned all cryptocurrencies but it didn't have any impact because I believe Chinese people love cryptocurrencies so they don't care about government advice, this is the right time to continue investing in cryptocurrencies because I believe the market will continue to improve.

actually China banning bitcoin  has a big impact in the market , and that is the Pumping now lol.

Now that the world opened to Bitcoin and cryptocurrencies as this following china banning , meaning the outcome is positive and if they did not completely banned BTC i think this wont give that effect now.
so Thanks to China government for this.

It is odd but I think you are right, for a long time China had a lot of influence, I still remember the days in which the only thing the Chinese government needed to do was to make a statement and the price will drop 10% in hours, however now with the banning of any activity related to cryptocurrencies this means that any influence that China had is completely gone, what are they going to do? Ban bitcoin yet again? There is nothing else to ban and as such now we can completely ignore what they say for the first time in a long time.

[fullhdpixel]

Conditions like this are a natural thing to happen in the crypto world, there are times when there is pumping and there are times when there is a correction, both of which cannot be separated in the crypto space, but there are factors that affect both, so that the rise and fall of prices is the effect of the pump and with the correction , in October there was a pumping of almost all existing coins without exception especially bitcoin which continued to become more valuable and was followed by other coins behind it.

Yeah, I agree these are "natural things" just because of basic characteristics of bitcoin ecosystem.

No company's share in stocks market is limited in terms of supply. So, we are finding hard to accept regular pumps and corrections in bitcoin markets. So, we are relating it with months and cycles.

Once in four years we are having bull trend in bitcoin markets and in that, regularly we are having October month as full of dominance of bulls. This might be happening because of October month is falling near to the end of year.  November and December are known for beginning of bearish trend so October month must be a special one as we have definite bull on every cycle of bitcoin markets.

[Ziskinberg]

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??

It is all beyond our expectations, that's all I can say. Nobody had predicted this, it comes surprisingly and it is hard to explain. Of course, it pumps for many reasons, and usually, we put the blame on whales, someone is buying in bulk, someone is hyping it...
Well, that everything we think about the market seems correct as nobody could tell what really is happening.
For this is actually how the market looks and it becomes more interesting, it is obvious to see that it pumps in any time for any reason.

[rahmatrf331]

Conditions like this are a natural thing to happen in the crypto world, there are times when there is pumping and there are times when there is a correction, both of which cannot be separated in the crypto space, but there are factors that affect both, so that the rise and fall of prices is the effect of the pump and with the correction , in October there was a pumping of almost all existing coins without exception especially bitcoin which continued to become more valuable and was followed by other coins behind it.

Yeah, I agree these are "natural things" just because of basic characteristics of bitcoin ecosystem.

No company's share in stocks market is limited in terms of supply. So, we are finding hard to accept regular pumps and corrections in bitcoin markets. So, we are relating it with months and cycles.

Once in four years we are having bull trend in bitcoin markets and in that, regularly we are having October month as full of dominance of bulls. This might be happening because of October month is falling near to the end of year.  November and December are known for beginning of bearish trend so October month must be a special one as we have definite bull on every cycle of bitcoin markets.

the end of the year has become a business culture towards rising market prices where the end of the year is the end of the cycle period before the market price drops. as well as the year-end bitcoin market being a strong impetus from various sectors for bitcoin to soar, but one has to worry about a sharp decline after the margin peak is reached.

[btc78]

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??

Maybe the Idea of this coming to the last quarter so many are jumping to invest , and also i think funds are getting inside our pocket in season like this as the Bonuses and some give away are getting into places.

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

actually the question runs about "Every October" and not just this october , meaning that each start of 4th quarter this happens.

[mumang siat]

Yeah, I agree these are "natural things" just because of basic characteristics of bitcoin ecosystem.

No company's share in stocks market is limited in terms of supply. So, we are finding hard to accept regular pumps and corrections in bitcoin markets. So, we are relating it with months and cycles.

Once in four years we are having bull trend in bitcoin markets and in that, regularly we are having October month as full of dominance of bulls. This might be happening because of October month is falling near to the end of year.  November and December are known for beginning of bearish trend so October month must be a special one as we have definite bull on every cycle of bitcoin markets.

Is the end of the year a guarantee of rising bitcoin prices, I often hear people say the end of the year bitcoin will experience a massive bulls domination and maybe October is the start for bitcoin to be a bull in every market cycle, and this I have noticed over the last few years, people always say that the end of the year bitcoin will experience a pretty promising price increase, is this true?

[mumang siat]

the end of the year has become a business culture towards rising market prices where the end of the year is the end of the cycle period before the market price drops. as well as the year-end bitcoin market being a strong impetus from various sectors for bitcoin to soar, but one has to worry about a sharp decline after the margin peak is reached.

I have long noticed this cycle, that when there is a sharp increase in bitcoin, then in the following months bitcoin will experience a sharp decline as well, this influence is caused by several large investors who push bitcoin to become more valuable, so that by the time the target price is already reach, they will do the opposite to lower the price of bitcoin, a market like this happens almost every time at the beginning of the year until it reaches the end of the year.

[TheGreatPython]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

actually the question runs about "Every October" and not just this october , meaning that each start of 4th quarter this happens.

Fourth quarters are very very important in crypto. We have seen increasing prices, and I mean seriously increasing not just a few points, in fourth quarter three times now, first was 2017, then 2018 was bad and 2019 was ok even if not bad, then we had 2020 which was insanely going high, and same goes for 2021.

This shows you that yes not every fourth quarter needs to be like this, there are ones which are not good at all, but we have also seen a lot of increases as well. This is why I believe it is really not that much of a shock to me at all. Octobers are start of a huge run, it has been like that before and it will probably be like that in the future as well.

[Finestream]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

actually the question runs about "Every October" and not just this october , meaning that each start of 4th quarter this happens.

Fourth quarters are very very important in crypto. We have seen increasing prices, and I mean seriously increasing not just a few points, in fourth quarter three times now, first was 2017, then 2018 was bad and 2019 was ok even if not bad, then we had 2020 which was insanely going high, and same goes for 2021.

This shows you that yes not every fourth quarter needs to be like this, there are ones which are not good at all, but we have also seen a lot of increases as well. This is why I believe it is really not that much of a shock to me at all. Octobers are start of a huge run, it has been like that before and it will probably be like that in the future as well.

Maybe that explains october pump for you. Yes, you have a point too. For me, its like its part of the cycle as we have witnessed that the 3rd quarter was not really that good, so obviously its last quarter will be more pump than dump. And i guess, there's no need for any reason why there is a pump or dump in the market. The crypto market is very volatile and unpredictable, so it will only mean that the market changes from time to time. And its a good thing really that we are in great pump this month so we will end up with huge profits that everyone is most concerned of.

[btc78]

The explanation must not be too hard I suppose. Because there has been a really big rally in the market for a long time. And I don't think that there is any reason for this rally to start. It just must be about the high volatility of the coins in the market, that's all. Even though China's FUD attempt, the market wasn't affected much badly by it and started even going up.

actually the question runs about "Every October" and not just this october , meaning that each start of 4th quarter this happens.

Fourth quarters are very very important in crypto. We have seen increasing prices, and I mean seriously increasing not just a few points, in fourth quarter three times now, first was 2017, then 2018 was bad and 2019 was ok even if not bad, then we had 2020 which was insanely going high, and same goes for 2021.

This shows you that yes not every fourth quarter needs to be like this, there are ones which are not good at all, but we have also seen a lot of increases as well. This is why I believe it is really not that much of a shock to me at all. Octobers are start of a huge run, it has been like that before and it will probably be like that in the future as well.

Right that's why i mentioned above that it is not only this october but all the october since i enter crypto investing as this Month is the start of growth , sometime stops at november or december but at least begins here.
and that is the effect of the last quarter of the year, many wanted to participate in improvement while Whales are targeting this moment for them to manipulate and bag money.

[Kodok Bencot]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

[Dave1]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

Well we can call October the best month if we are going to close at the green candle. But so far after hitting all time high last week, the price goes down on a spiral mode and almost $10k has been sliced already, -8.x%.

Although there is a significant improvement from this month, as the price is still above $50k. Nevertheless, we should all look next month November as another bearish month and hopefully we can gain and have another all time high @$70k.

[asrinur]

In my opinion, the increase in the price of bitcoin since the beginning of October is due to the high confidence of large companies in bitcoin fundamentals so that more and more people are adopting it. This price increase also shows that the decline in Bitcoin prices that had occurred in September due to the news of China's ban on cryptocurrencies did not have a serious impact on Bitcoin prices.

[stomachgrowls]

In my opinion, the increase in the price of bitcoin since the beginning of October is due to the high confidence of large companies in bitcoin fundamentals so that more and more people are adopting it. This price increase also shows that the decline in Bitcoin prices that had occurred in September due to the news of China's ban on cryptocurrencies did not have a serious impact on Bitcoin prices.

Whenever we do step foot on a new month and just like on what happened in August where lots had been saying about Ghost month then prices do decline.

Is it really that much relevant? No it isnt but you cant really just avoid for people not to think about this way because any sentiment or events that do happen would have corresponding meaning and possibly be attached to the market.

Pump? No one knows on what happen behind the curtains.

[Victorycoin]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

Bitcoin showed its highest record in October I agree that this is the best month for bitcoin and this year or early in the new year bitcoin will break its maximum resistance. It is difficult to say for sure how much bitcoin will go but everyone is hoping that $ 100k will go.

[noormcs5]

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??

If you look at the history, the September month is usually not so good for the crypto and normally we see a boom in the last quarter of the year.
We have seen bitcoin cross the all the high again in October and reach to 66,000$. Hopefully this trend will continue and we may see bitcoin and overall market cap rise in the last two months of 2021.

[kotajikikox]

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??

If you look at the history, the September month is usually not so good for the crypto and normally we see a boom in the last quarter of the year.

not only September also July and August are hard month each year so October as the start of last quarter are making its way completely changing course.

We have seen bitcoin cross the all the high again in October and reach to 66,000$. Hopefully this trend will continue and we may see bitcoin and overall market cap rise in the last two months of 2021.

Don't expect much because there is a Hard hit if the trend change course.

[Botnake]

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??

If you look at the history, the September month is usually not so good for the crypto and normally we see a boom in the last quarter of the year.
We have seen bitcoin cross the all the high again in October and reach to 66,000$. Hopefully this trend will continue and we may see bitcoin and overall market cap rise in the last two months of 2021.

We are hitting the last quarter of the year and as histories tell, this is the most profitable days of the year. But of course, we should not be over confident with it because the market may change its trend when we least expect it. Still, we should be cautious of how the market will react.

However, regarding this october pump, i don't think there are definite reasons everytime we the see the prices of coins pumping. Remember that we have two market cycles, the bearish and bullish one. Since september and its previous months are not really good on crypto, then maybe its time for a market cycle to change, and so we start seeing a bullish market. Well, as long as the market brings profits, then that's the most important thing.

[bengsabeng]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

Bitcoin showed its highest record in October I agree that this is the best month for bitcoin and this year or early in the new year bitcoin will break its maximum resistance. It is difficult to say for sure how much bitcoin will go but everyone is hoping that $ 100k will go.

there are still two more months before 2021 ends, there is a possibility this month or next month bitcoin will reach a higher price than in October. I mean it's too early to say that October is the best month of 2021 because the end of the year is still two months away.

[dunfida]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

Bitcoin showed its highest record in October I agree that this is the best month for bitcoin and this year or early in the new year bitcoin will break its maximum resistance. It is difficult to say for sure how much bitcoin will go but everyone is hoping that $ 100k will go.

there are still two more months before 2021 ends, there is a possibility this month or next month bitcoin will reach a higher price than in October. I mean it's too early to say that October is the best month of 2021 because the end of the year is still two months away.

Most of the time on which we do always presume that end quarter portion of each year we do  really come into a point of presumption that the price might really go up ahead because this is on where these times which price or the entire market do really run bullish.

which i cant really blame off people on to think about this way and assumpting that possible movements might happen on these times again.

For now theres no really way on knowing on what would be the market conditions on next days or months to come.

[Ngemmeng]

October being the best month in 2021, maybe this is the start of the bitcoin pump to reach $100k in December, and I'm optimistic that new ATH will continue to happen and in November I believe the bitcoin price can reach at least $80k.

Bitcoin showed its highest record in October I agree that this is the best month for bitcoin and this year or early in the new year bitcoin will break its maximum resistance. It is difficult to say for sure how much bitcoin will go but everyone is hoping that $ 100k will go.

there are still two more months before 2021 ends, there is a possibility this month or next month bitcoin will reach a higher price than in October. I mean it's too early to say that October is the best month of 2021 because the end of the year is still two months away.

Yes, it seems that it is still too early to conclude that October is the best month in 2021. many say that the price increase that occurred in October was a warm-up before bitcoin moved to a much higher point. bitcoin price is stable in the $60k-$63k price range for quite a long time, I believe the positive trend will soon occur again and bitcoin will reach a much higher point than last month's ATH.

[STT]

The OCT pump did cease and we fell back only to 62% or so of its overall gain at 57k area and then its just risen back, that would seem bullish.   Right now I'm watching price vs the 12hr average for whether we can break one of two boundaries up or down.   Overall price seems strong enough to challenge any of the peak prices from spring or more recently.   If I look at dollar index its just going sideways, a break there would be a bigger thing then BTC graph itself and we'd likely know which direction we take.
  The most negative I can be from here on is to assume to get much higher requires us to return to the 50 week average first, failing to break that area we would likely dismiss any further hinderance from the whole 60k range.

[Pejoh Asu]

October was the beginning of a bull run market, bitcoin made new ATH at $67200 and now there is new ATH at $68k, and I'm sure the upward trend will continue, the market is moving high as it is now making us optimistic that in december the price can reach more than $95k, and in November it will hit ATH of around $80k.

[Sanitough]

October was the beginning of a bull run market, bitcoin made new ATH at $67200 and now there is new ATH at $68k, and I'm sure the upward trend will continue, the market is moving high as it is now making us optimistic that in december the price can reach more than $95k, and in November it will hit ATH of around $80k.

No, I disagree, the bull market started last year when bitcoin break the $20k which was the ATH before and it continues to rise now, there are times we saw a correction but that was short and overall, what we witness is a bullish market, so definitely this is a bullish year for us and we are ending this year with maybe $100k price per 1 btc.

[Kadal Ijo]

Usually the market will skyrocket at the end of the year and like a few years before the start of the bull run was in October, I was happy to see the price of bitcoin can pass ATH in April, and this will make the holders optimistic so that they will continue to buy and make the price of bitcoin continue to skyrocket.

[carlfebz2]

Usually the market will skyrocket at the end of the year and like a few years before the start of the bull run was in October, I was happy to see the price of bitcoin can pass ATH in April, and this will make the holders optimistic so that they will continue to buy and make the price of bitcoin continue to skyrocket.

Pumps now are already in random basis and if you do look on this year alone then it did happen that new ATHs did really reach out 2x of this year unlike

before that pumps do happen mostly in 4th quarter of every year but it didnt really happen but only into those times where it did make out some significant

move and pumps like this would really be that in random or no one really knows on what happened behind.You couldnt really tell on what happened.

[Vaculin]

Usually the market will skyrocket at the end of the year and like a few years before the start of the bull run was in October, I was happy to see the price of bitcoin can pass ATH in April, and this will make the holders optimistic so that they will continue to buy and make the price of bitcoin continue to skyrocket.

And its more likely that we will witness another ATH for bitcoin before the year ends. As it price continues to be more expensive, then its becoming even more popular and its huge demand keeps increasing too. All this rapid pumps has started to appear in October, although this happened also within the previous years for crypto as its always seen in the last quarter of the year wherein bitcoin starts to reach its new all time highs. But with this present year, not just one ATH or maybe two or three ATH that may be possible for bitcoin to achieve. If you want to ride with this pump, its not still late to invest in bitcoin knowing it will always tend to move up despite of the market price corrections.

[jaberwock]

The OCT pump did cease and we fell back only to 62% or so of its overall gain at 57k area and then its just risen back, that would seem bullish.   Right now I'm watching price vs the 12hr average for whether we can break one of two boundaries up or down.   Overall price seems strong enough to challenge any of the peak prices from spring or more recently.   If I look at dollar index its just going sideways, a break there would be a bigger thing then BTC graph itself and we'd likely know which direction we take.
  The most negative I can be from here on is to assume to get much higher requires us to return to the 50 week average first, failing to break that area we would likely dismiss any further hinderance from the whole 60k range.

It is a marvel that we even went up. I mean October pump was seen just as that, a pump, but now we are seeing that it is not just a pump it is a full on bull run. Breaking ATH back to back like that, first go to 67k to break 64k one, then fall a bit, then break even bigger ones and that is just insane and I can't believe how much money we are making with this bull run. I know that there are some people who may think that it is not going to be like this forever and it will crash but I am just enjoying what we are getting right now and not worried about the future.

Of course, there will be a situation where we will see it crash, but that is not today and that is why we should not focus on the doom of future that may happen for a short while, and focus on how it always recovers no matter how much it falls and we are at that great recovery right now.

[arufox]

Since the beginning of October, the price of bitcoin soared to its highest level and even the creation of a new ATH. Of course, this is influenced by market sentiment which has continued to improve since it was driven by news of hedge funds controlled by several large investors. What's more, bitcoin has historically performed well in October. however, even though the bullish situation continues for bitcoin at the moment, there is still the possibility of a price correction for the rest of the year.

[el kaka22]

Since the beginning of October, the price of bitcoin soared to its highest level and even the creation of a new ATH. Of course, this is influenced by market sentiment which has continued to improve since it was driven by news of hedge funds controlled by several large investors. What's more, bitcoin has historically performed well in October. however, even though the bullish situation continues for bitcoin at the moment, there is still the possibility of a price correction for the rest of the year.

We could say it could be taproot, we could say it could be ETF finally starting, we could say coinbase being listed on nasdaq, we could say many many things that made it go up. But the reality is that, we just bought bitcoin, that's it. There is nothing that could be exactly one reason that causes it to go up or down, if we want to limit it to just one thing that would be us buying for it to go up, and us selling for it to go down.

However if you are looking for the underlying aspect of why then we would have to say that there are many "smaller" stuff all get together and create this. Just taproot itself is definitely not the reason it moved from all the way down from 30k to suddenly make it 60k+, however it was piece of the puzzle, then we had other stuff and other stuff and more stuff and suddenly each of them made it bigger and bigger and allowed us to be here.

[Kadal Ijo]

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.

[STT]

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.

[Ebede]

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.

[lixer]

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.

[ReiMomo]

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.   

[redsun114]

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.

[bhooscream]

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.

[bots1]

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.

[Reatim]

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

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.

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?

[rhomelmabini]

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

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.

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.

[Chato1977]

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

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.

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]

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.

[rahmatrf331]

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.

[fullhdpixel]

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.

[LUCKMCFLY]

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 .

[peter0425]

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.

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.

[Kemarit]

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.

[StreakW]

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.

[bots1]

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

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.

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.

[dunfida]

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

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.

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.