Quote from: taufik123 on September 24, 2024, 06:21:04 PM

Quote from: DOH! on September 23, 2024, 03:43:07 PM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

It seems that Bitcoin is getting a lot of support and benefits for this time and seeing how the Fed also lowered interest rates to 50bps also has an effect on the price of bitcoin.

In addition, not only Trump is now supporting bitcoin, Kamala Harris has also decided to support Bitcoin because she knows that is what everyone wants and if she opposes it then she will oppose the world.

Then looking at the price history that occurred, October to December is a very positive trend, especially in the last 5 years Bitcoin has always experienced a big increase in October, it is expected to reach the highest price as soon as possible or at least in 2025.

She did not make any statements that she would support cryptocurrencies if elected, she only said that she would promote the development of AI and digital assets as well as protect investors. This is a neutral statement that any candidate or president who is not overly concerned about the market would make because it would not be in their best interest to publicly oppose the industry.

At the beginning of the month, many of us were also pessimistic because based on history, September is not a good month for bitcoin, but with what is happening, everything is completely opposite. So, in my opinion, we should not rely too much on what happened in history to predict the future because the impact of each period is not the same. We should be optimistic about the last quarter of the year because of the election, the Fed still has 2 more rate cuts before the end of the year...those are the things we rely on to be more optimistic.