How do you explain the October pump?

[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.