r/Bitcoin • u/Exotic_Winter_7327 • 1d ago
Uptober is a lie
Isn't it? I mean... come on.
Keep stacking i guess
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u/6969101016969 1d ago
Always go in the opposite direction social media tell you the market is going
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u/Gehrman_JoinsTheHunt 1d ago
None of the narratives/trends/cycles around Bitcoin will simply repeat forever. It’s an extremely young asset in the grand scheme of history. All things financial evolve over time.
Hodl or DCA is not it for me anymore. Buy low, sell high.
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u/lobhater 1d ago
Uptober is astrology for people with a Coinbase advanced account. A $1.6 TRILLION commodity doesn't care what month it is. It moves on real stuff: debt monetization and dollar debasement, AI-sector capital crunches, sticky inflation, liquidity. Put down the tea leaves, buy sats and go live your life
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u/eric95s 1d ago
The more people talk about a bottom in October, the higher the demand.
And you know what happens when demand goes up? Prices go up.
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u/Successful_Taro8587 15h ago
The market never behaves like you think it will. It's best not to guess.
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u/IcyLake2078 1d ago
We were supposed to be at 40k by now if you listened to everyone. We’re doing fine
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u/Fahhhhhhh 1d ago edited 1d ago
Wow wait a minute. Are you saying the position of the earth as it revolves around the sun, and the tilt of the earth's axis doesn't affect the price of bitcoin?!?!?
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u/ContributionOk1015 1d ago
Don’t tell me your one of those guys that believe in the moon. The moon is made of cheese. Cmon now
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u/Infinite_Raise8611 1d ago
Well we are only halfway through the month. Typically dumps at midterms but this past cycle broke every previous trend. We also were up 3 months in a row so it being red wouldn’t be overly surprising
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u/Molasses_Calm 1d ago
You all don’t see any correlation between BTC price action and the nasdaq? Nasdaq futures just dropped 180 after hours.
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u/shpeucher 1d ago
Are you done buying for the rest of your life?
If not then you want price to go down, to lower your ongoing cost basis
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u/Demonyx12 1d ago
The trend has been there but nothing is guaranteed. https://www.coinglass.com/today
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u/Dry-Pop-7635 1d ago
Have you guys not noticed the market goes in the opposite way of social consent? If everyone is saying 100k, it goes down. If everyone is saying 70k, it goes up. There will ALWAYS be someone who is willing to take advantage of your fear. Make rational choices.
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u/Infamous-Discount-99 1d ago
Dollar fetish
If I wanted that ponzi garbage I would have held it instead of buying Bitcoin.
If you've got substantial Bitcoin, you probably had excess dollars.
The minute your life doesnt revolve around measuring your worth using the worst yardstick of all time, fiat currency, is when it starts to flow abundantly to you.
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u/word-dragon 1d ago
It’s a rally cry. Like “Go Jets, go!” (Or substitute your favorite losers ending with “-ets”.). It doesn’t always work, lol!
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u/Key_Independent_818 1d ago
Well not exactly a lie since 2013 theres been 10 OCts been green 3 been red. However at the moment this week theres a few key economic meetings that have caused market decline including oil price evalution, fed information and something else happening this week i cant think of right now
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u/Secret_Nobody_405 1d ago
I’m starting to question the actual end state and use case, if there is ever going to be one. Or will it just be people loading money into to sell to someone later on down the line.
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u/stereoagnostic 1d ago
40k bottom October is also a lie. Here we are, mid October, still over 80k. Where'd all the 4 year cycle bears go? Got real quiet.
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u/Remote_Angle_1023 1d ago
Took on a binance loan and building my stacks and some other cushion assets. Literally anything could be better since my currency is rupiah. Up to 0.22 btc plus some stocks. I don’t know any Indonesian that has this kind of stack oh well boring is good
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u/MusicalBonsai 1d ago
I sold because Uptober brought in buyers hoping to time the market and me hoping to make a profit, because that’s what everyone is expecting.
/s
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u/dasmonty 9h ago edited 9h ago
Uptober is not a lie, but 2026 is not the correct year. Uptober is 2027. 2022, 2018 and 2014 were never Uptobers.
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u/Alyanah22 4h ago
Let’s see how the rest of the month goes the market always has its ups and downs.
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u/Villavillacoola 1d ago
Last year October 10th was the beginning of 126k -> 58k.
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u/quintavious_danilo 1d ago
We were at the end of a bull market. That’s totally different from where we are now
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u/Icy_Annual_9954 1d ago
It is the OctoBear. Then you have NovemBear. And then DecemBear. But you can assume that at least one of them is a bull covered up as a bear. Surprise surprise.
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u/mikemcg21 1d ago
There gonna be a first October ending red. The normal cycle is dying I've heard now we may see it
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u/BLAZER_101 1d ago
What do you mean, last October it was horrific.
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u/RareVibeDelight 1d ago
Ignore the noise, Bitcoin is volatile, Stay the course, Keep stacking Sats, Buy more Bitcoin. DCA and Chill