“Uptober” is a term used for crypto market only, cannot apply to other sectors of financial market. It means crypto normally goes up in October. In stock market, there is a saying of October crash, for some great crashes really occurred in October in the last 100 years, such as 1929, 1987 and 1997, while the other 97 years no crashes. Therefore, looking the crypto will go up is normal, and that’s why there was a forecast of MSTR will go up for 573.85% in one month, apparently it is too exaggerating.
It had not gone up but went down, so later when you ask the AI, they advised you to change from MSTR to COIN when you have no patience to wait. But is it worthy of changing horse? Subconsciously, investors normally would like to buy a stock running faster than the market. That is the point. So just refer to page one, that is MSTR overlaying S&P and then COIN overlying S&P. Apparently, it is easy to see that COIN is running faster even both COIN and MSTR are weaker than S&P, but COIN at least not so weak, and still running in the same direction of S&P.
Why we have to buy crypto in US stock market? Because the risk is relatively lower. The fluctuation of Bitcoin is so large that it is easily to have 20% per day. So, if you just put 5% for margin trading, you will get total loss in a few moments. The ETF also provide large diversity of holding a basket of crypto instead of a single item of Bitcoin or Ethereum. Holding the exchange house of COIN is holding the trading platform, no matter they are rising or falling, just having business can get profit. That is no matter in bull market or bear market still can earn a lot. That is what a lot of small investors are dreaming. By the trading of crypto sometimes will give a surprise for holders in stock market, that is when 3 major indexes are falling, they are not necessarily to fall with. Sometimes even go in reverse direction to rise. It will have some inspiration in bear market of stocks.
There are several reasons for crypto to fall in October, but stocks are in record high. This time it is in reverse direction with stock market. One reason the AI had not mentioned, that is during the confiscation of Bitcoin in the internet and telephone fraudulence of KK Park, the US and UK had joint action to seize the Bitcoin. The seizure of UK is 61,000 BTC and US is 127,000 BTC. When they are released to the market may lead to a fall. Have they ever sold out or not, no information at all. But it is widely believed that this portion is just a small corner of an iceberg. Will there any more coming? No one knows.
So how many KK Parks are there running in Cambodia or Myanmar? No statistics at all. Will they be totally caught? Or like farmers planting opium can exist for century until the society changes to modern drugs? Mind that KK Park is not a proper noun, all related groups of fraudulence will be described as KK Park. Investors should prepare well more Bitcoins will be seized, but do not know when will be released to open market.
When we talked about KK Park, the AI said the fall of Bitcoin may be the phycological reason of holders of Bitoin afraid large amount of Bitcoins releasing would lead to a fall, it is Phycological rather than physical. But when talking the fall of October in Bitcoin, they have not mentioned this point. Hope in the future, the super-AI will be more consistent.
From the statistics of AI, investing in Crypto is more profitable than stock market, but practically from facts show in page one, S&P rises stronger than the related stocks of crypto. Practically, cryptos are falling and stocks are on record high. So please study the related stocks like RIOT, MARA, HOOD, WULF and those shown in previous issues and I will go through them one by one later. Now we have to study the market on the whole on next page.