How do you explain the October pump?

[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.

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[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.