How do you explain the October pump?

[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.

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[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]

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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.