BTC Sentiment Poll for November

[tokeweed]

It’s all up to the fed. It all boils down to FOMC tomorrow.

Basically if the rumors are correct and they will be dovish then we will get a bullish month. So far many other central banks pulled back on hikes and there was some QE with others. So people are speculating the same for the fed.

However there is the chance that they will be hawkish as before since these rate hikes didn’t do much to tame inflation just yet.

I will vote tomorrow on this poll.

Looks like the US stock market didn't like what the FOMC had to say.  Lol.  But the thing is even if the S&P 500 ended the day down 2% in the red, BTC still held 20k which I think is def a positive sign.  There's prolly not enougn sellers left to push the price down below 17k lows.  

Anyway...  There are 10 votes for 'yes' and just 1 vote for 'no'.  C'mon, who voted no..?  Maybe we should have another poll guessing who voted no.  Who's been negative and bearish lately?  

[btc_angela]

It’s all up to the fed. It all boils down to FOMC tomorrow.

Basically if the rumors are correct and they will be dovish then we will get a bullish month. So far many other central banks pulled back on hikes and there was some QE with others. So people are speculating the same for the fed.

However there is the chance that they will be hawkish as before since these rate hikes didn’t do much to tame inflation just yet.

I will vote tomorrow on this poll.

Looks like the US stock market didn't like what the FOMC had to say.  Lol.  But the thing is even if the S&P 500 ended the day down 2% in the red, BTC still held 20k which I think is def a positive sign.  There's prolly not enougn sellers left to push the price down below 17k lows.  

Anyway...  There are 10 votes for 'yes' and just 1 vote for 'no'.  C'mon, who voted no..?  Maybe we should have another poll guessing who voted no.  Who's been negative and bearish lately?  

Not me, 

I will agree that even if we have negative news, the price wasn't move that much and the support of $20k hold which surprises me. There are still fighting in the middle though, I see some selling but the buyers are there to pick those cheap bitcoins.

So yeah, probably we are not going to see any lower lows for this year. Come December we might see another bullish month, before we closes this year.

[Captain Corporate]

20k is a very very strong point right now, it is basically the old ATH back in 2017 and people are saying that they are not willing to go any lower. Even when it goes down to like 18-19k levels thats for a short period of time and not a long term thing. I am guessing that people will not be that much happy with anything lower.

This also means that we found the bottom and all we need is a lot of money to buy bitcoin right now I do not have a lot of money, hell at this point I don't even have a little bit of money lol, but if I get my hands of anything and I mean literally anything then I would be able to actually survive this period by buying bitcoin.

[tokeweed]

It’s all up to the fed. It all boils down to FOMC tomorrow.

Basically if the rumors are correct and they will be dovish then we will get a bullish month. So far many other central banks pulled back on hikes and there was some QE with others. So people are speculating the same for the fed.

However there is the chance that they will be hawkish as before since these rate hikes didn’t do much to tame inflation just yet.

I will vote tomorrow on this poll.

Looks like the US stock market didn't like what the FOMC had to say.  Lol.  But the thing is even if the S&P 500 ended the day down 2% in the red, BTC still held 20k which I think is def a positive sign.  There's prolly not enougn sellers left to push the price down below 17k lows.  

Anyway...  There are 10 votes for 'yes' and just 1 vote for 'no'.  C'mon, who voted no..?  Maybe we should have another poll guessing who voted no.  Who's been negative and bearish lately?  

Not me, 

I will agree that even if we have negative news, the price wasn't move that much and the support of $20k hold which surprises me. There are still fighting in the middle though, I see some selling but the buyers are there to pick those cheap bitcoins.

So yeah, probably we are not going to see any lower lows for this year. Come December we might see another bullish month, before we closes this year.

Yup it's prolly that and it could also be the crypto market is starting not to care what's going on with the more established markets anymore.  Lol.  At the end of the day crypto is still young and still is the wild wild west of finance.  It could move in a whole different direction while everything else is moving the opposite way.  Dunno...  It's just how I see it.  Crypto is must a different animal that could play by a different set of rules.

We'll see how it goes in these weird times but as long as it stays above 20k, the bulls have it.

[Vinaa77]

As we've already seen, near the end of October there were buyers who were coming in with serious volume, bringing positive momentum back in BTC.  And it's not just BTC...  Most of the other coins have closed their monthly in the green.

So the question now is will this momentum continue for November or will it fizzle out and bring BTC back to 18k - 19k range?  I made the poll a yes or no question as I want a clearer sentiment this time.

It looks like in November the Bitcoin price will be in the opposite direction to October. Usually in November the price of Bitcoin will increase. Although the price changes are not too high, the direction of the market shows a positive trend.
Bitcoin price will be hard to fall at $18k. We've been waiting for that in the last few months as momentum to buy. Now the Bitcoin price is back at the pump slowly, probably closing at $23k to $25 in December.

[adaseb]

So with the fed basically having no affect on the market. It all boils down to the CPI next week. Which will either be as estimated or higher and then the market should tank however not always.

Remember last CPI? The results were bad and there was a huge dump and faster reversal. Similar to what happened earlier in the summer. Hard to predict what will happen this week with the elections.

[DudeAtWork420]

November will be sideways i think. People do not have money to buy more BTC so i am not expecting any volume into the market. There is not any bad news for now so not expecting any sell off either. I do not see any major events in this month either so it will be mostly sideway. BTC will surely show major volatile move in both ways before moving upward. BTC move usually that way.

[palle11]

BTC will surely show major volatile move in both ways before moving upward. BTC move usually that way.

This is to be expected with the very end of the year. November is the month presiding December, activities are going to start up and we may start to see some pull out or cash out for the investors around the beginning of the year. Although the past few months have not witnessed volatility which means profit have not really been made but the end of the year is still what it is. Maybe we are going to see some volatility during the end of the month.

[STT]

I voted yes because that is a fair conclusion even after we have registered 2 negative days recently as red candles on the graph.   Price has pulled back which can still leave it within a bullish formation overall, BTC is currently at the weekly average.
  I'd estimate something like 20k is needed to be maintained for the overall positive momentum in this recent move.  In the weekly bar view we are very modest in any positive expression, apparently recent highs match a 100 day average.

[eightdots]

I voted yes because that is a fair conclusion even after we have registered 2 negative days recently as red candles on the graph.   Price has pulled back which can still leave it within a bullish formation overall, BTC is currently at the weekly average.
  I'd estimate something like 20k is needed to be maintained for the overall positive momentum in this recent move.  In the weekly bar view we are very modest in any positive expression, apparently recent highs match a 100 day average.

I voted no. I don't want to be optimistic before entering the new year. As you said, 20 thousand needs to be protected. I think Bitcoin could not complete its upward move without seeing great volatility again. But most importantly, what kind of path will Bitcoin follow in the first month of the new year.

[tokeweed]

Can anybody tell me wtf did I just wake up to?  I see there's a Binance vs FTX feud but is it really that bad to get the whole market to sell down?  If so then this whole industry we're in will be looked at as one big joke.  


And as I said if BTC fails to hold 20k then the bears have it.  Looking at the chart right now...  Yup, bears really have it.  :/  Just as when I was starting to think we're getting out of the woods, market says nope!  

It's breaking down June lows.  Stay safe guys.

[kotajikikox]

 Stay safe guys.

well, have been there so maybe holding it for another months or years is the best way again , this is not going to be good for the whole November and lets see if what will happen for December 

is there anything we need to understand ? or this is just  the war that makes the market shaken now?

will close my eyes for now 

[Yaunfitda]

And just like that, when we are about to go bullish this month again, suddenly the whole Binance vs FTX takes the market to its knees.
As we hit a new lows, and now the market is on the $17k'ish and so I wouldn't be surprised if there will be like new FUD to bring the market to ever lower range in the $15k because that's where everyone wants the price before they can buy again. So let's see, we are just starting this month, and hopefully tomorrow there will be something positive that will turn the market around to be bullish to $20k range.

[tokeweed]

 Stay safe guys.

well, have been there so maybe holding it for another months or years is the best way again , this is not going to be good for the whole November and lets see if what will happen for December 

is there anything we need to understand ? or this is just  the war that makes the market shaken now?

will close my eyes for now 

Dunno..  Lol.  I haven't really been following what's going on in crypto as much as I used to.  At some point you just realize it doesn't matter as we're all just here for 'number go up'.  Investing in BTC, ETH and what have you is mostly a dopamine inducing behavior, aka the rush, which could get addictive.  I'm pretty sure most of you guys, including me, can't stop checking the price of your crypto.   

As for December, that's still over a couple of weeks off.  We'll discuss December when we get there.

And it looks like the one guy we laughed at for voting no got it right.  Lololol.

[kotajikikox]

 Stay safe guys.

well, have been there so maybe holding it for another months or years is the best way again , this is not going to be good for the whole November and lets see if what will happen for December 

is there anything we need to understand ? or this is just  the war that makes the market shaken now?

will close my eyes for now 

Dunno..  Lol.  I haven't really been following what's going on in crypto as much as I used to.  At some point you just realize it doesn't matter as we're all just here for 'number go up'.  Investing in BTC, ETH and what have you is mostly a dopamine inducing behavior, aka the rush, which could get addictive.  I'm pretty sure most of you guys, including me, can't stop checking the price of your crypto.   

As for December, that's still over a couple of weeks off.  We'll discuss December when we get there.

And it looks like the one guy we laughed at for voting no got it right.  Lololol.

They are 2 now  someone added as it is a sure vote LOL..

and I am also there , though have seeing those post around the forum that's why I game that conclusion but the totality of my crypto activities? it is HODL that i trust and this is what I am doing now and will still do till Halving comes. 

I believe that it is the safest way to deal in this truly struggling market as we  now drops 20%  and the lowest we have this year of 2022 

[tokeweed]

^  Lmaooo.  Now that's a clever guy..  Waited for everything that can happen to happen before making his vote. 

And yeah, if you really don't need the funds for irl stuff, you could def just wait it out until things start going around again. 

Anyway, checking the market out after at US session open and it looks like there are some whales who are trying to sell BTC down so they could run the stops and induce a drop.  From there, they pick up the pieces and pump it...  Same old same old, I guess.  Lol.

[kotajikikox]

^  Lmaooo.  Now that's a clever guy..  Waited for everything that can happen to happen before making his vote. 

And yeah, if you really don't need the funds for irl stuff, you could def just wait it out until things start going around again. 

Anyway, checking the market out after at US session open and it looks like there are some whales who are trying to sell BTC down so they could run the stops and induce a drop.  From there, they pick up the pieces and pump it...  Same old same old, I guess.  Lol.

This is what we should do now , if we don't need the funds then better to let it sit in our wallet for a while because this roller coaster ride may take longer than we expected , the market is going good before this FTX thing comes and now we can see how hard for the market to stay longer.
maybe closing our eyes will help preventing the panic .

[tokeweed]

^  This is not financial advice but I think now is one of the best times to start buying in coins like BTC and ETH again.  And maybe even BNB.  I'd personally start accumulating ETH as there's just a lot more to go to once you need to rotate once it becomes a full blown bull market.  It's just a preference and I think it's going to out pace BTC a tad more than it did from the last bull market.

And from those alpha coins, maybe start rotating to other alts at the lower end of the spectrum then really try to get out of the market in profit and hold everything in stables.  I seem get round tripped every time.  Lol.

[AverageGlabella]

20k is a very very strong point right now, it is basically the old ATH back in 2017 and people are saying that they are not willing to go any lower. Even when it goes down to like 18-19k levels thats for a short period of time and not a long term thing. I am guessing that people will not be that much happy with anything lower.

This also means that we found the bottom and all we need is a lot of money to buy bitcoin right now I do not have a lot of money, hell at this point I don't even have a little bit of money lol, but if I get my hands of anything and I mean literally anything then I would be able to actually survive this period by buying bitcoin.

Some people are never happy and they are the people that miss out on good buy in prices. I think whenever Bitcoin dips most people are buying in even if small amounts they are buying in to capitalize on it. I have I bought some earlier today planning on dca or just buying until the next halving. I do not know if we have found the bottom and I do not think I care if we have not or have. I am in Btc for the long term and these drops are just opportunities. I think with the halving coming up in 2024 it is the perfect buy in time.

[OgNasty]

It seems like November started off with a bang, although not the bang people were hoping for.  I am seeing pretty much what I expected for the month, although in less magnificent fashion.  The worst is probably behind us as far as drops for the month.  Sure, we might fall a little lower over the next 6 months or so, but I feel like unless you're going all in at one time, this is a good time to be buying.  Don't let the people who bought at $50K scare you out of the market with them rage quitting now.  Instead, see those people as the indicators they are and do the opposite of what they do.  Most of the time people will find this is a great way to get money as a contrarian, which is usually the right call when dealing with financial markets.