Quote from: JayJuanGee on October 14, 2024, 06:09:36 PM

Quote from: Odohu on October 14, 2024, 04:13:49 PM

Quote from: YUriy1991 on October 14, 2024, 03:53:51 PM

Quote from: JayJuanGee on October 14, 2024, 06:17:34 AM

We know that the best waay to accumulate BTC is by ongoingly buying it, so hopefully you are doing that.

Yes. Hopefully there will be many other positive news coming in this October, such as the recent news that Mt. Gox will delay payments to creditors until next year, so that the acceleration of price increases will be easier.

The market is already picking up probably because of the US elections whose poll results have been coming in as we draw closer to the election. I think the market is ripe to go higher and its just waiting for something that will trigger it, so the US elections might just be the fuel.

It is possible that whatever becomes the outcome of the elections, the price of Bitcoin will surge contrary to what some people, who feel some candidates are pro-Bitcoin while some are not, believe. I will be waiting to see the look on the faces of sceptics that doubted Bitcoin due to the prolonged range market.

I'm happy that I was able to make good use of the period of the ranging market to consolidate on my Bitcoin holding. I might not have gotten to where I want to be, but I have made remarkable progress, leveraging on the generosity of the market.

Sometimes there can be a certain level of stagnation in the markets (whether bitcoin or otherwise) due to uncertainties of certain kinds of outcomes, so the outcome might not matter as much as just having the certainty.

Even election results might not come out as certain, depending on the margins of victory (or difference), and surely there could be movements in the markets (BTC price) even prior to the election in anticipation of a result one way or another that could end up playing out like a buy the rumor and sell the news kind of event, yet even that sometimes does not work out too well when some folks might consider that there is a pre-pump, but then the price keeps pumping and ends up not exactly resolving anything that had been previously considered a point of uncertainty... In other words, sometimes the momentum creates its own momentum, especially when we have something like bitcoin and times that historically we had seen that the BTC price had been being held down for so long that all of a sudden it has to get to a higher price point before stabilizing again (or perhaps correcting from that higher price point). .. perhaps like a beachball being held under water?

Great description of how Bitcoin can accumulate momentum. And it's like a test of experience for crypto, because many are used to seeing the result in the price reflection, not realizing that sometimes you need to read between the lines, and ... just believe. Bitcoin gives us a huge number of factors to study, and it's surprising when someone finds time to spend this time on other cryptocurrencies.
Just a few hours ago, Bitcoin was making waves, giving reasons for optimism and confirming positive growth theories.