UP-TOBER: What Are You Doing Differently?

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(Edited)


Up-tober for crypto has not gone as planned; BTC is just above 62k, compared to 63 to 64k at the start of the month, and it was widely expected that we would soar.

Despite my reservations about October, I have always maintained that September was not too bad and might have an impact on how well we do in October, and here we are. Even though we are still a long way from there, 60k BTC appears to be an emotional support line.

It is October 13th, and in two days, the month will be halfway over. 62k looks a little meh, and I am sure many other people do not like what they see either. I do not believe we will dip below 60k BTC, and even if we do, we will not test 59k again.

Going below $60k is bearish, and not many people want that. Many people are perfectly poised, with all of their investments, to massively cash out with Bitcoin because they are fully vested. However, because BTC is more secure and is expected to rise in value, we can all expect more money to be made with altcoins.

This is no joke.

This is one of the most emotional cycles ever, with people reacting more strongly to dips and pumps than ever before. Every little movement causes a reaction. The trajectory or mindset that we are moving in one unstoppable direction (bull run) is no longer as fixed as it once was, and this is because many people have a lot to gain or lose.

It does not appear to be as hyped as we would expect, which causes this jitteriness. Although the buzz about the US elections continues, it appears that Kamala will not be able to defeat Trump; many Americans are skeptical of what she is campaigning on. I am not interested in either candidate, though I would rather have the better evil.

I just want the elections to be over so that we can focus on one less major event. The events in the Middle East are still ongoing, but I believe the US election is a significant factor. Once again, it is about people having enough money to match their FOMO to invest, as well as having a president who is not completely anti-crypto.

However, it has not been the best expected outcome in October.

This is not FUD; it is simply a market analysis. Crypto Twitter basically goes FUD with every little dip, but the sentiments are no longer there or here. It is more likely a period of boredom. The market's realistic nature means that while we are not doing badly, we are also not where we want to be.

So, is the market cycle looking completely different, or is it just my mind playing tricks? I think the market cycle has and will continue to look and act differently and a lot of things are still unexpectedly going to happen.

I'll still continue saying it, don't be decieved by October's crab walk, it might just stop you from making those decisions that will benefit you soon. I still believe we do not know much yet, and the only thing we can do is prepare our supplies and let the market do its thing.

There is no better way to approach the impending bull. If you decide to follow the trend, you will become extremely confused; the best thing you can do is control what you can. I feel that the market might not do anything exciting this month anymore, except more crab walk, I might be completely wrong, I have, in the past. However, nothing too exciting or nothing too drastic, just fluctuation. Like you, I'm waiting for the bull run, it's all experimental during this phase and all you can do is prepare



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23 comments
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Well, I've powered up over 5k Hive so far. Imagine what would happend to its price if everyone did the same :)

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Well you're right. The price will surely go up, but one thing I know is that people tend to take staking more seriously when the prices are going up rather then before.

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How do you know that?

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Well I've been here really long. People tend to prioritize what they have when the market is going up, it's the FOMO that comes with prices thst are going up.

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Is there any data to support that? I've been here even longer, and would hardly ever use it as an argument to back my claims.

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A lot of people invested in splinterlands when it was at it's peak, not because they love the game but because of the fear of missing out..

It's really not stats or data, it's more sentiments and human instincts.

A lot of people powered up back in 2021 thinking the prices would go even higher, so they can have more impact on earning, curations and all

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It does not seem that a lot of people powered up in 2021. Or mabye they did, but with little HP only. @dalz published this graph earlier today:

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Uptober isn't over yet, but Bitcoin is taking longer for the next leg up. I guess we wait for the miners to sell all the old priced coins before the halving and then we go up.


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It's definitely not over and this is absolutely true, and something exciting might happen before the end of the month, however it's left to be see.

I didn't even remember the old BTC with the miners.

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I'm doing almost nothing differently, other than making sure I won't repeat previous mistakes. Every cycle people think they are different (and they are, slightly), they are looking for new narratives, and new things to invest in, losing sight of the most important point: give investments time to grow and keep compounding, that's the likely way to building some wealth, not switching from one thing to another every few years (at most).

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Well meme coins are the reasons why many people are switching things up here and there. I agree that sometimes a person might need some of that dumb money, but not changing the core plans are mostly key to making it all happen.

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I still believe that Uptober will perform, with crypto anything is possible.

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The push is coming, only question will be when? With September not having massive losses as expected I really didn't see any real big climb in October. The run is coming, sooner than later would certainly be nice. It would definitely help you out right now!
!hiqvote

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It's exactly what I thought when September didn't really dip as bad, I felt October might share some of that dips. Although BTC is up 64k today, but probably more crab walking for some more days

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Those who have seen October before are sure that after a few days we will see that this time again in the market we may see a 30 to 35 percent pump this month if there is no war all over the world.

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All we can do is wait. We know that BTC and crypto will go up eventually but I don't know how long we have to wait. I predict we won't see much until after the elections and honestly, Kamala scares me now. She doesn't seem to be doing anything other than spitting out words. I don't like Trump but it makes me wonder.

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I don't like the either of the two candidates, but Trump seem like a more necessary evil at this point. Yes, I agree, we probably have to wait for the elections to be over. The big move is coming. When is the elections again?

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November 5th. Less than a month left.

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I sincerely hope this Uptober performs true to type, expectations are high 😊

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I wasn't so confidence about bull October when I saw that market surge last month. Nevertheless, the market is one funny place, dying minutes wonders could win the day. As we speak, the Monday performance is above 64K.

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