BTC Sentiment Poll for October

[Jating]

seemingly members here are tired of being Bullish so now the sentiment is downfall  

Yeah and that is also the sentiments currently, as much as we wanted to have a bounce this month, but we all know and see the price really going down but not necessarily hitting al time low.

anyway , How much are we expecting to be this October because i think there are still something good cooking for the month being starter of the last quarter.

Probably in the $20k'ish for me.

25k at least as I am still bullish .

Very difficult to see the price hitting $25k, even our best week last September, we didn't reach it, the highest we did was $22k only and then we go on overbought zone and so the price hit the selling point.

[tokeweed]

Wtf is going on guys?  I check the price more than a couple of hours ago, it was still looking fine trading in a tight range.  I checked the price just now and it has dropped and looks like it's gonna break down crucial support.  Is 15k really in the realms of possbility?  If 15k happens...  Whatever you do, don't check the 'rainbow chart'.  

I'm not sure what would cause BTC to start breaking down like this rn.  What would be the catalyst?  



And seriously..  I hope this sht stops.  Not good for everybody.

[pooya87]

Things are still very unpredictable considering how unpredictable global economy has become so going sideways is the most possible trend. Most traders are too scared to sell or buy so only day traders rule the market these days.
It is also worth mentioning that it could go in either direction at any time too. All it takes is a small nudge to kick start the market action again.

[so98nn]

Definitely going down and down since we are hitting all time high inflation since 40 years mate. It’s not a joke to economics, it’s mere terrifying timeline through which we have to pass on. It’s gonna be crazy times ahead and Most of the IT peeps are going to hit by it. Since bitcoin is more or less associated with blockchain and coding stuff it’s gonna be part of it. Peeps will be terrified with no jobs, no money, nothing to circulate or trade on mega scales. It could hit bitcoin directly and pull it down for sure.

[tokeweed]

^  Ok...  So if it's going 'down and down' at what price do you think BTC will drop into?  Is 15k a possibility you think?  Looking at the chart right now, it feels like 17.5k - 18k is protected.  There are market forces out there not allowing BTC to drop down below it.  And it could be different groups doing it to protect their bags and their self interests.  I could imagine miners doing it, exchanges too.  Maybe even guys like Michael Saylor could be in the mix.  I'm not saying they're working together, just saying they're there.

[gurbar_nakub]

Sideways until Christmas then UP

[savetheFORUM]

At least now there is no Number to expect but only the movement , and you are more than a week late mate for this October sentiment   


I remember that each October there are at least good action coming from Bitcoin and some other altcoin also so yes I am confident that there are better price coming this October , Maybe giving my number at least and that is 25-30k? 

Yeah there are other threads already similar to this and I even think that one of it is from the op but I am wrong because he is late to post his own but this one is still acceptable because like you said there are no numbers in here in the poll though despite of that, you still give your own call via numbers and not via a movement but many people are also expecting that the same values will come out this last three months of the year and one of it is me.

I think once we break the 25k dollar barrier, the price will then move forward easily and it could even surpass the 30k dollar minimum that you wrote. Once it happens, altcoins are also going to follow it for sure.

[FanEagle]

I did a quick search for the prices of Bitcoin in the past 7 years and here it is: LINK

2014 - 343.56
2015 - 327.58
2016 - 693.9
2017 - 6130.56
2018 - 6276.46
2019 - 9226
2020 - 13573.71
2021 - 61374.28

Also base on that website, if you will compare the prices of Bitcoin in September and October, you will see that only in 2014 and in 2018 where Bitcoin ended up lower than its previous month.

I believe in cycles especially in 4-year cycles and based on that alone, I predict that Bitcoin will be closing lower than its September price but not that much I guess so I voted for sideways. I also believe in the Halloween effect and the Christmas effect but there is no certainty that prices will go up in the last 2 months. I still believe as well that we will be going sideways at around $17,000-$25,000 for the rest of the year.

It’s cool to see that almost all the time bitcoin went up during October months, however it is important to realize the in between of those prices. For example in 2018, after that October month we dropped, and it was nearly to half of what it was, to around 3.4k levels, and during 2019 we dropped to around 7k as well, I am sure the examples could be expanded but the biggest is 2021 which was 61k and right now its 20k, more than half of it was gone.

So basically, it’s not an easy thing to see the beauty and not realize the beast as well. You need to realize that it doing something more than what it could possibly do, and we may see an increase, or we may see the bad side too.

[Baofeng]

^  Ok...  So if it's going 'down and down' at what price do you think BTC will drop into?  Is 15k a possibility you think?  Looking at the chart right now, it feels like 17.5k - 18k is protected.  There are market forces out there not allowing BTC to drop down below it.  And it could be different groups doing it to protect their bags and their self interests.  I could imagine miners doing it, exchanges too.  Maybe even guys like Michael Saylor could be in the mix.  I'm not saying they're working together, just saying they're there.

If you ask me, I don't think that we can reach $17.5 or lower, or hit lower lows for this year. And yes $18k-$19k will be the price, it will trade sideways for me until we have a break out run to $22k-$25. But then again, since the market is very negative in the last 4 months we might still see this price at the end of the year. Saylor and other multi millionaire could be in the mix as well. But very careful on choosing when to enter and when to buy. I don't think that they are doing DCA, but probably buying in bulk when the price is around $18k.

But looking at the current price, it just bounces back to $19.4. Asian Market is open now so let's see how far they can push the price this Friday.

[adaseb]

Today was an interesting day. Basically we got a bad CPI print. Everything tanked. Crypto and stocks. And then what happened? Complete reversal and we finished the day positive. Even now we are approaching $20K area.

What is interesting this happened before in July before we bottomed. We got a bad print but got a reversal. And it went all the way up to $25K. So I am assuming this is going to be something similar.

[TheGreatPython]

Looking at it? it seems like other member beat you in creating a Poll about prices as he ask about the predicted price for october here

https://bitcointalk.org/index.php?topic=5415177.0

but for a change ? this is much better poll as it is general question and there is no need to indicate specific prices.


I believe there is also a  growth this month , and yes there will be more to come in the coming months as we are closing the year.

There are other topics which include the poll if what price we think btc will reach this month but along with that, users can also comment if their desired price are not in the choices of the poll. They continue creating a thread like this because they think their thread is different from the other and this doesn't mean that they are competing with the other or trying to beat their threads but I agree with you, this one we have here is better than the others because this one is less complicated.

We only need to choose a direction and not the actual price. Though I only disagree when you say that there will be an increase this month so my vote will be downward movement.

[ethereumhunter]

^  Ok...  So if it's going 'down and down' at what price do you think BTC will drop into?  Is 15k a possibility you think?  Looking at the chart right now, it feels like 17.5k - 18k is protected.  There are market forces out there not allowing BTC to drop down below it.  And it could be different groups doing it to protect their bags and their self interests.  I could imagine miners doing it, exchanges too.  Maybe even guys like Michael Saylor could be in the mix.  I'm not saying they're working together, just saying they're there.

It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.

[ningrum]

we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

[tokeweed]

Sideways until Christmas then UP

Yeah..  It looks likes it.  There was a strong buy up backed by huge volume an hour before the US session started yesterday and it all continued in the green for the rest of the day and at night.  I thought it was gonna follow through but no.  It's now looking like another fake out.  I'm glad I was sitting on my hands for this one.  I guess I'll continue waiting for a break out over 20.5k before slowly getting in.  Sure now could be a good entry as it's just going sideways but I don't really trust 18k, 17.5k to hold either.  Lol.

Looking at it? it seems like other member beat you in creating a Poll about prices as he ask about the predicted price for october here

https://bitcointalk.org/index.php?topic=5415177.0

but for a change ? this is much better poll as it is general question and there is no need to indicate specific prices.


I believe there is also a  growth this month , and yes there will be more to come in the coming months as we are closing the year.

There are other topics which include the poll if what price we think btc will reach this month but along with that, users can also comment if their desired price are not in the choices of the poll. They continue creating a thread like this because they think their thread is different from the other and this doesn't mean that they are competing with the other or trying to beat their threads but I agree with you, this one we have here is better than the others because this one is less complicated.

We only need to choose a direction and not the actual price. Though I only disagree when you say that there will be an increase this month so my vote will be downward movement.

And you guys noticed that I've been making these monthly sentiment polls since May right?  If some people don't like it just gtfo and ignore it.

[justdimin]

^  Ok...  So if it's going 'down and down' at what price do you think BTC will drop into?  Is 15k a possibility you think?  Looking at the chart right now, it feels like 17.5k - 18k is protected.  There are market forces out there not allowing BTC to drop down below it.  And it could be different groups doing it to protect their bags and their self interests.  I could imagine miners doing it, exchanges too.  Maybe even guys like Michael Saylor could be in the mix.  I'm not saying they're working together, just saying they're there.

It looks like the price of BTC will not drop drastically that fast. And even though the price will drop to the $15k level, it will probably happen gradually. Still, it could also immediately drop to the bottom, especially if many people are panicking and not ready to see the price drop. This will also be triggered by a lot of negative news, saying that BTC will collapse. Only people who can see a buying opportunity at that lowest price will be able to get high profits if the BTC price bounces back up.

There are too many people who are afraid of price being lowering that fast, and we all know that it won't, it's fine though they can believe in whatever they want to, it's not really going to change anything. I personally believe that the best thing to do right now would be buying up bitcoin for the future profit because I am a bitcoin maximalist, and I believe that even when there are some falls, the long term trajectory of bitcoin is always up, and that's an important reason for me to invest into bitcoin.

This is of course not a guaranteed thing, but it is a good thing that will help us in the long run. This is why it's best if we could invest now, but be careful anyway.

[palle11]

we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

Don't expect bitcoin to bull just yet that is October. If Elon musk tweeted about bitcoin lately not many investors will fellow that because he dumped bitcoin and not saying good things about it. He is pushing dogecoin interest and not btc so we can just wait for the bull proper and not to rely on tweet. Last week was a little up and down lets see how this week will go whether a direction will be formed for trend.

[pooya87]

There are too many people who are afraid of price being lowering that fast,

Are there really?

Whenever we see someone talk about price drop there are two reasons for it.
First are those newbies who bought bitcoin (and are still holding it) and are worried about it dumping (or dying) because they read some FUD so they are afraid of the price drop and it is visible in what they say. These people are known as weak hands.

Second are those who have already sold their bitcoins and are hoping for the price to drop more so that they can buy more bitcoin with the fiat they are bagholding. When they talk about being "afraid of price drop" they are pretending and are telling others their wishes.

We currently have more of the second group than the first.

[tokeweed]

There are too many people who are afraid of price being lowering that fast,

Are there really?

Whenever we see someone talk about price drop there are two reasons for it.
First are those newbies who bought bitcoin (and are still holding it) and are worried about it dumping (or dying) because they read some FUD so they are afraid of the price drop and it is visible in what they say. These people are known as weak hands.

Second are those who have already sold their bitcoins and are hoping for the price to drop more so that they can buy more bitcoin with the fiat they are bagholding. When they talk about being "afraid of price drop" they are pretending and are telling others their wishes.

We currently have more of the second group than the first.

So if the market really has more noobs and more people hoping for another drop...  Does that mean you think that there are more chances for BTC of starting to trend up than continue trending down from here on out?  Have we really now hit the bottom?

If so, how confident are you that BTC is now at the bottom?  Say around 70% confident that BTC is at the bottom?

Anyway, I think I know my next poll for November if BTC still stays in a tight range.

[Yaunfitda]

we are already in the second week and the Bitcoin price is still under $20k,
even though yesterday Elon Musk tweeted about Bitcoin going to $20k,
but the whales actually made it different and instead of going up Bitcoin Dump it to $18k,
but in the end I'm grateful that it's just a wick, and maybe bitcoin is indeed bullish this month.

Nah, Elon Musk doesn't have any influence on the market, so stop believing that. He has lost his so called reputation as a cyrpto or bitcoin influencer.

And if you noticed, if people are expecting that bitcoin is going or expecting this direction, suddenly the price goes on the opposite. So I guess the price will continue to be on a sideway pattern as majority have been seeing it that way. And on the contrary, I wouldn't be surprised if there will be some dump along the way, up to the end of year.

[eaLiTy]

I expect the price to go further down this month. We have been going sideways at $19k for several weeks despite the economy getting worse. You can only hold $19k for so long when everything is so negative. There are no signs of improvement any time soon and many people are warning of a recession in the coming months.

Fair point, if there are more negative news in the coming months the support we have now will crack and even when Biden is assuring that nothing is going to happen, i do not believe him one bit as he cannot even remember what he did a few minutes back and with the way things are going, recession will hit bad and then Biden will find a way to blame others rather than owning up and it will have an impact on the entire economy.

So with the above mentioned situation we cannot look at the past charts and make a prediction on how the price will react this month.