Ninjastic
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Re: How do you explain the October pump?
by
dunfida
on 04/03/2022, 18:29:58 UTC
Quote from: bots1 on Today at 06:25:30 PM
Quote from: Reatim on December 03, 2021, 05:28:34 AM

Then what about the November Pump and now that we are in December so there will be another pump will be recorded?  Wink

I think it is Monthly pumping ? we have a increase in the last 2 months but the deciding factor is this December , and i think there are only 2 things that may come either A  Trapping or Bullying these 2 can happen any day from now.

Quote from: bots1 on December 03, 2021, 04:36:32 AM
Quote from: 9thsky on October 08, 2021, 09:24:47 PM
Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.

Maybe right but maybe not .

But what about the November Pump?
Pump in November last year due to the continuation of the Taproot upgrade and some massive demand. and Of course one of the factors Bitcoin rose in November due to the increasing market demand which was very strong and also bitcoin began to be adopted by many large institutions so that the bitcoin price set a record ATH price in November 2021.
People do already get used to into that kind of behavior when it comes to last quarter of every year on which they do really expect for some pump without any assured positive events or sentiments.

We've seen several situations and events on last year which didnt really line up on last quarter and happened earlier which it did really cause out on reaching out all time highs 2x in a span of year
which is already incredible.We could only make out and able to find out solid reasons when it already happened but talking on it before would be always a guess or speculative thing.