Market Watch: Hello October!
It should be no surprise that the market pumped today the second we got out of September.
September has never been a good month.
Uptober begins!
Bitcoin Doubling Curve
| 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|
| $100 | $200 | $400 | $800 | $1600 |
| 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| $3200 | $6400 | $12800 | $25600 | $51200 |
When we zoom out on the chart we can see some pretty legendary happenstances. Already we've been above the doubling curve for over a year. If we are still in a bubble and not deflating this would be an extreme all time high in terms of time above the curve. The last Mega-bubble in 2017 was only above the curve for 18 months total (6 months for the bull market, 12 months for the bear market). If the bear market doesn't start until Q1 2022 we are going to be above the curve for a total of around 27 months (15 months bull market, 12 months bear market). Crazy stuff.
How do we know we haven't peaked yet?
Lots of reasons.
BTC ETF
For starters, an ETF has not been approved. I've been predicting for years now that an ETF will be approved during the next peak. What a coincidence then that the SEC is pushing back the deadlines for 4 ETFs to the end of this year. 1 or more of these will be approved during this historic decision. That's when you know you should start DCA selling about a week later.
Also the hype and FOMO hasn't even come close to peaking. You'll know we're at the peak of a mega-bubble when the mainstream media flips the board and hypes crypto to the moon. Do the opposite of what they are brainwashing us to do. I'll be going short on Bitcoin for the first time ever at that time, and I expect Bitcoin will be trading near $300k and the total crypto market cap will be around $15T.
El Salvador
El Salvador mined Bitcoin today using geothermal volcano energy for the first time in history. Hopefully the brainwashed liberals out there will realize how absolutely full of shit they are. #dreambig.
Every time I talk to someone about Bitcoin that leans left they parrot this bullshit, and I lean left so that's saying something. Neo-liberal Authoritarianism is on the rise in a big way, and it becomes more and more justified each day with the vaccine passports and all the other fear-mongering going on. It's a shame there are so many cowards in this world who refuse to question authority. This is why we can't have nice things. Don't forget: the Nazis thought they were on the correct side of history in the moment.
The next time someone tells you to 'trust science' remember The Milgram Experiments.
Nazi Germany had some of the best scientists in the world.
Easy to be a good scientist when nothing is off-limits.
DEC/BUSD LP POOL
The splinterlands CUB LP pool has more liquidity in it than CUB/BUSD despite being rewarded x33 less yield. That's quite the accomplishment. Kudos to Splinterlands for carrying us during this chop. My have stack is probably still in the 6-figures range solely due to the hard work and dedication that's been put in here.
BTC Q4 Targets
- ATH $65k+ this month in October.
- $100k + 30% retracement in November.
- $200k+ December/January.
There is no competition here.
Vulture capitalists are constantly projecting false competition onto this arena. Ethereum killers. Will XYZ kill ABC? What's the next Bitcoin? It's all nonsense.
Imagine making the argument that the LA Lakers compete with the Golden State Warriors, therefore the LA Lakers are going to lose all their fans and community to the Golden State Warriors. That is a nonsense argument, yet it is this exact same logic that is employed within crypto over and over and over again.
This logic only works within centralized legacy capitalism. It makes zero sense in a decentralized atmosphere. Saying America is the best country in the world so therefore everyone in the world will move to America is an idiotic argument to make, yet in crypto/metaverse this argument is made on a daily basis.
DEFI is your god now.
Yield farms are ICOs on steroids. They have infinite liquidity, can create stability and units of account, and overall just have a better UX than their ICO predecessors. So much money is about to get pumped into crypto and everyone is still in disbelief. Once the pump comes everyone will flip into thinking the market can never crash. Happens like clockwork everytime. If there's one thing you can count on: it's greed.
Conclusion
It's good to get out of September as we head into the final run of the mega bubble. Hopefully it all works as planned or we may have to make some pretty hard decisions at the end of the year.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
actually I am quite surprised! Not clear what triggered this. But until we get to ~60k I am cautious as I think there are yet better buying opportunities to come
prepare yourself for more surprises lol
It's amazing how accurate that cycle chart is. Tons of FOMO and greed coming for sure.
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You were right about market cyclicity and getting out of September alive seems that we have a chance to ride a new bull run. PlanB's stock analytics puts Bitcoin to $63k in October and to $98k by end of the year, so I wonder if this will really happen. Nevertheless, we see a promising start with BTC rushing towards $48k.
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So far very accurate.
Yes, September was not a good month, although the first week seemed good. Let's see what October brings us. The PA today is interesting already.
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idk about you but it's time to warm up those markets for one heck of a hot winter!!! Huge amount of projects I'm still looking forward too.
Also agree the battles between blockchains are dumb they should be working together and the ones that are are the ones that are coming up on top.
With the fact that blockchains get clogged up pretty easy, I don't know why anyone thinks that EVERY FREAKIN THING needs to go on one blockchain. So much has been packed on ETH. I wish ETH would become the DeFi chain and NFT's would move to WAX. But you know what they say about wishing!
Exactly! There's no need nor should there be one blockchain that does everything. Decentralization means there are MANY it does seem like we are slowly starting to get there.
As you said in your original comment, there's lots of duplication of effort. I'm not sure if anyone could truly count all the "Ethereum Killer (TM)" coins that have come out the past few years. Now it seems every single team is trying to incorporate NFT's into their blockchain for some reason. I'm no kinda business or tech expert, but I would think it'd behoove a team to find a niche and make the best blockchain for that particular use case and not just chase the current fad.
next 2 weeks will tell the direction :)
Sincerely i see chances of better buying offers for the future.
For some reason I have a feeling that the BTC ETF will be delayed further and it's one of the big banks like black rock that will win the first ETF.
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wouldn't be surprised
Well, I guess we can scrap my bull run peaking in early October theory at this point lol. Glad to see some significant positive price action today though. I guess December is the new target.
Indeed October peak looks pretty dusted
I have been following your mega-bubble posts for a long time... it is exciting to be in the very Q4 that you have been waiting for for all of this time. Good times ahead.
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Take heart! I too am concerned at how so many sheeple are just going along with the outlandish government decrees in regards to the Rona. I myself just lost a good job because they brought masks back to our workplace and I refused to wear one. This really seems to me to the last desperate lashing out of a dying monster. The monster I refer to is Western Progressive Socialism. I really think it's all about to go kaput. I sure hope so.
So vacation is over for bitcoins and time for them to get back to work?
You keep promising 200k. I will blame you if it goes to zero. :)
I hear zero is an unbreakable support line
cost to run and worth 0.
I want to buy an island on Christmas, I need that 200k to become my dream real. I really build on that :) You promise it!!!
The Miligram film is so powerful... thank god its not censored yet
Its good September is over but three times BTC did not cross 50K.
Good example for the crypto movement
Glad I bought the dips lol. I think it’s funny that groups keep trying to say that things will kill each other. In crypto there’s no competition that’s out to destroy things the way nation states do. When things flourish we all benefit in my opinion! Let’s make this internet money!
200k in December is a bit over the top I would say. Personally, it would be a huge success if a new ATH is secured by the month of December 😊
LMAO. So true!
October seems like a great month for Bitcoin and the markets overall. I see more collaborations of different blockchain projects coming together that will enrich the space even more.
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