What Happened to Uptober!

[Rubel007]

Prices started to decline just before the start of this day and in some part of the world it might be but I still can't process out what exactly happened today that lead the price to take a nose dive down the hill when it has been promising and kind of bull run might kick in?

Is this purely due to the political thing that happened between Iran and Israel, not sure but read Iran launched ballistic missiles over Israeli citizens and might wait for another huge thing or anything else that happened meanwhile?

Yes, I think the political conflict between Iran and Israel has brought about a big fall in the Bitcoin price and market. The way the situation is warming, there is a high probability of big war disruptions. Especially in the Middle East, terrible situation will spread on a large scale which in turn will lead to major devastation. And investors are withdrawing their investments by assuming this situation.

The market has lost the momentum it gained in the past few days. If Israel launches any new airstrikes, the conflict could be prolonged, which would have a major impact on the global economy. Currently the Ukraine Russia war is not over yet but if the war with Israel starts in the meantime then it will definitely be difficult to recover.

[KryptoBull]

October is actually my birth month and I have always done it to be a month of bull in the cryptocurrency market, but I am actually surprised how the reverse has just happened from the first days of October.
Well, I believe this correction is building up to something good maybe towards the end of October.
Whether Israel war or not, something must be attached to bitcoin crash.

Although October started with a general decline in the crypto market, I believe the remaining 30 days won't disappoint. Q4 has officially begun, and we should maintain an optimistic outlook for the market's future rather than fearfully selling tokens to whales and later regretting it.

War only captures investors' attention temporarily; next week they will forget about this event and focus on the financial market. Liquidity has been eased, the US presidential election is approaching, and cycles are repeating - crypto has sufficient grounds to resume growth soon and create new ATHs. I hope we can witness a new BTC ATH right in October

[Stompix]

I love how poeple are surpised October didn't start with a bull run!
History repeats itself only till it stops doing so, and September which was usually in red turns green so what's so impossible for October to end up with a 10% loss?
The market doesn't care about the past, it has never done so and will never do!

[Captain Corporate]

As we can see, we are back to uptober once again, which is awesome because we really needed something like this. I believe in the fact that we are going to see this grow to be something much better. We are barely there just yet, we are going to get a lot higher too, its not going to be something small, its going to be awesome. So all in all we are going to see this grow higher and better with time as well. So we can't really consider this a bad month, we are seeing the price going up as you can see, so its not really a big deal so its still can go down and up at the same time and not a big problem.

[kai]

.....
Is this purely due to the political thing that happened between Iran and Israel, not sure but read Iran launched ballistic missiles over Israeli citizens and might wait for another huge thing or anything else that happened meanwhile?

So far I know cryptocurrency that political factors also have a very big influence on the increase and decrease in prices. As OP wrote, if Iran and Israel are in conflict, the price of Bitcoin will fall, this evidence is clearly felt in all altcoins too. When Donald Trump was busy promoting his campaign, as far as I remember, the price of Bitcoin and altcoins also rose. It seems that politics also provides a very good situation in the effects of the increase and decrease of cryptocurrency, depending on whether we are ready to buy and sell coins that are invested to seek profit.

[rdluffy]

I love how poeple are surpised October didn't start with a bull run!
History repeats itself only till it stops doing so, and September which was usually in red turns green so what's so impossible for October to end up with a 10% loss?
The market doesn't care about the past, it has never done so and will never do!

I'm very skeptical of technical analysis, of analysts or experts who try to predict the market
but some things are interesting to think about: the fact that October is usually a positive month for Bitcoin may not be just a coincidence, but may indicate that a lot of people buy BTC in October. Maybe it's because of salaries, taxes, etc so history could repeat itself another time hehehe

[armanda90]

Recently five days early on October, how much your optimistic with bitcoin will up or have trend Uptober? actually looking the world situation seems not support for bitcoin will hit higher price many conflict and economic world get downtrend. I think bitcoin difficult for October will raise higher price or seems table based on currently price.
usually the end of the year always have positive trend with bitcoin will reach higher price, but current world condition looks not supported for bitcoin will bounce to higher price, but wish always have positive trend and bitcoin return back for raising higher price exactly start at this month.

[MrSpasybo]

So far I know cryptocurrency that political factors also have a very big influence on the increase and decrease in prices. As OP wrote, if Iran and Israel are in conflict, the price of Bitcoin will fall, this evidence is clearly felt in all altcoins too. When Donald Trump was busy promoting his campaign, as far as I remember, the price of Bitcoin and altcoins also rose. It seems that politics also provides a very good situation in the effects of the increase and decrease of cryptocurrency, depending on whether we are ready to buy and sell coins that are invested to seek profit.

News may have short-term impacts on the BTC price, but in the long run, the bullish trend of BTC during a bullrun will still be maintained. Sometimes, I even feel like we can predict when the market and politics will have significant positive or negative news based on BTC price chart.

I believe in market cycles, meaning we will have a very successful Q4 2024 for growth and Q1 2025 could be a time for accumulation or distribution. For now, I'm optimistic about the crypto market in Uptober: BTC price will rise and many ALTS will have impressive recoveries.

[SamReomo]

I believe in market cycles, meaning we will have a very successful Q4 2024 for growth and Q1 2025 could be a time for accumulation or distribution.

I think you're absolutely right, we'll surely have good growth in these 3 months, and who knows if we see another Bitcoin ATH in this month and if that happens then in 3 months the Bitcoin will gain so good value that most of us can't even imagine. There's even chance that Q1 of 2025 might give us good returns as well.

[kai]

So far I know cryptocurrency that political factors also have a very big influence on the increase and decrease in prices. As OP wrote, if Iran and Israel are in conflict, the price of Bitcoin will fall, this evidence is clearly felt in all altcoins too. When Donald Trump was busy promoting his campaign, as far as I remember, the price of Bitcoin and altcoins also rose. It seems that politics also provides a very good situation in the effects of the increase and decrease of cryptocurrency, depending on whether we are ready to buy and sell coins that are invested to seek profit.

.....
I believe in market cycles, meaning we will have a very successful Q4 2024 for growth and Q1 2025 could be a time for accumulation or distribution. For now, I'm optimistic about the crypto market in Uptober: BTC price will rise and many ALTS will have impressive recoveries.

It seems like you are very confident in the Q4 2024 and Q1 2025 calculations, Is that what is called "ALTSEASON"?
I have asked other members (bayu7adi) in this forum but they have not answered my question about "ALTSEASON", please check my post >> https://www.altcoinstalks.com/index.php?topic=324711.msg1640031#msg1640031

[UNIVERSE]

I love how poeple are surpised October didn't start with a bull run!

Why you love it? Do you take advantage that people feel disappointed?
Honestly, I am not happy when other people feel not happy. I expect we all feel happy because of big bullrun.

History repeats itself only till it stops doing so, and September which was usually in red turns green so what's so impossible for October to end up with a 10% loss?

September was in red in most days. Even if we have few pump in last month, it was still in lower price compared in March.
So far, we are in red in October but who knows it will turn to be green market in the next few days. Do you feel that it is impossible?

The market doesn't care about the past, it has never done so and will never do!

Market runs as it is, it doesn't care with anything.
The only one who cares, is the holder of coins. I don't care with market, I care with my coins.

[Sim_card]

So far I know cryptocurrency that political factors also have a very big influence on the increase and decrease in prices. As OP wrote, if Iran and Israel are in conflict, the price of Bitcoin will fall, this evidence is clearly felt in all altcoins too. When Donald Trump was busy promoting his campaign, as far as I remember, the price of Bitcoin and altcoins also rose. It seems that politics also provides a very good situation in the effects of the increase and decrease of cryptocurrency, depending on whether we are ready to buy and sell coins that are invested to seek profit.

.....
I believe in market cycles, meaning we will have a very successful Q4 2024 for growth and Q1 2025 could be a time for accumulation or distribution. For now, I'm optimistic about the crypto market in Uptober: BTC price will rise and many ALTS will have impressive recoveries.

It seems like you are very confident in the Q4 2024 and Q1 2025 calculations, Is that what is called "ALTSEASON"?
I have asked other members (bayu7adi) in this forum but they have not answered my question about "ALTSEASON", please check my post >> https://www.altcoinstalks.com/index.php?topic=324711.msg1640031#msg1640031

Bitcoin price movement controls altcoins price and for that reason if bitcoin dips, altcoin also dips. If bitcoin pumps, majority of altcoins pumps too only the ones who cannot recover from price dip. This is why some people will say that it is altcoin season whenever bitcoin is experiencing a bull market. It is expected by many that bitcoin price should start pumping from this month and achieve in new ATH by the end of this year or first quarter of next year. Which means that altcoins price will also be high.

[Asiska02]

I believe in market cycles, meaning we will have a very successful Q4 2024 for growth and Q1 2025 could be a time for accumulation or distribution.

I think you're absolutely right, we'll surely have good growth in these 3 months, and who knows if we see another Bitcoin ATH in this month and if that happens then in 3 months the Bitcoin will gain so good value that most of us can't even imagine. There's even chance that Q1 of 2025 might give us good returns as well.

History are most of the time becoming a repetitive story and in bitcoin market it has also been so. Bitcoin is a very popular and demanding coin that determines most of the movement of the whole market. Having a very good Q4 is what everyone is expecting and with the time so far into the Q4, one cannot say if that is going to be possible or not. We are in a position where the market has to make a very big bullish movement before one can decide the direction of the market in the remaining months left in Q4. I am also still bullish on this month, we may have an uptober before October ends.

I love how poeple are surpised October didn't start with a bull run!

Why you love it? Do you take advantage that people feel disappointed?
Honestly, I am not happy when other people feel not happy. I expect we all feel happy because of big bullrun.

The market does not care how people feel about its movement, it doesn’t deal with emotions of the people. It does what needs to be done and continue in the direction it wants. It is not an agreement that the market will always be bullish or bearish in some certain months, but if history repeats itself, it’s great and to see people happy is the greatest feeling relatable too.

[sampoerna]

History are most of the time becoming a repetitive story and in bitcoin market it has also been so. Bitcoin is a very popular and demanding coin that determines most of the movement of the whole market. Having a very good Q4 is what everyone is expecting and with the time so far into the Q4, one cannot say if that is going to be possible or not. We are in a position where the market has to make a very big bullish movement before one can decide the direction of the market in the remaining months left in Q4. I am also still bullish on this month, we may have an uptober before October ends.

The price of October which was expected to increase since the beginning seems not to be good enough because of the war. So indeed if we look at the current situation, the possibility of the market to increase is still quite small. Indeed, history sometimes repeats itself, but often it cannot be in line or the same as history in previous cycles because there are indeed other external factors that influence it, especially war factors and also various other tensions. Yes, the only way is we have to be more vigilant and patient.

Expecting an increase this month may still happen, it's just that as you said it might take a while for now. Q3 approaching Q4 usually increases, let's see, if the situation subsides a bit, maybe the cycle will be the same. but we also have to be on guard and set several strategies to face whatever happened in the cryptocurrency market, whether alongside with our expectations or not.

[LogitechMouse]

Prices started to decline just before the start of this day and in some part of the world it might be but I still can't process out what exactly happened today that lead the price to take a nose dive down the hill when it has been promising and kind of bull run might kick in?

Is this purely due to the political thing that happened between Iran and Israel, not sure but read Iran launched ballistic missiles over Israeli citizens and might wait for another huge thing or anything else that happened meanwhile?

Hmmm, I don't know the exact reason, but it didn't surprise me at all that we are seeing the market going up and down, and not up and up.

I mean, I'm more surprised that Bitcoin last month ended up in a green candle than what's happening this month. We still have 3 weeks left and I guess that's still a long way to wait on what will happen with the market for the month of October. What I would say though is that, we should lower our expectations because there might be many people that are very optimistic (like me), but still anything can happen. As for the political feud between Iran and Israel, I don't think that this has that much effect towards the crypto market. I believe it will only have an effect on the market if the superpower countries like US and China will be making big moves to participate in this war.