Another month of March - page 6. | Bitcointalksearch.org

dansus021

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Quote from: Lucius on February 28, 2021, 07:44:28 AM

I think the OP is referring to the fact that March is indeed one of the worst months when it comes to monthly returns, but some other months of the year have similar statistics, such as September.

I think most of us still remember what happened last year in March, although of course it was a very specific situation - but given the current price movement, it is very possible that this March will have a negative monthly return. It is possible that the statistically bad March has to do with the fact that the beginning of the year in the world is usually marked by tax reports, but also the fact that many have less money to spend because traditionally the most money is spent during the Christmas and New Year holidays.

March is bad month or what in almost every month got red colour Grin

Grab some bitcoin and hope it will touch new ATH Cheesy

tranthidung

legendary

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Farewell o_e_l_e_o

The bull is here and bitcoin is on the middle range of this current parabolic curve.

A naively visual charts between 2017 and 2021 (price and volume).

Volume: Yesterday, a huge spike occurs.
What if the price history repeats itself?

March looks like a sideway month. There are few years that March has days in top of most profitable or bloodiest days but the range is not too wide (means not big changes). An exception is 12 March 2020 with -37.2% between open and close price.
You can check it in the raw lists or the box plot.

Bitcoin price history -- most profitable and bloodiest months, days
I am waiting for something big in May or November (see the width of boxes in the box plot)

Lordhermes

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Quote from: Lucius on February 28, 2021, 07:44:28 AM

<•••>

Thanks for this monthly charts on bitcoin market every year, I could understand that March of course had thorough negative impart on the market, since 2011 the market looks bearish in the month of March except the year of 2013 and 2019 so you can see how negative effect March has on the market, also September does similar thing.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/why-another-march-crash-not-171738764.html

Quote

The largest crash observed was undoubtedly in March 2018, when Bitcoin fell more than 32%, followed by the March crash of 2020 induced by pandemic-related panic selling.

I also research more on the reasons for the bitcoin dip in price by March, but for tax related reasons, my question, is tax isn't paid other months? Why exactly month of March taxation has effect on bitcoin and other commodities?

meanwords

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Quote from: Oshosondy on February 28, 2021, 06:21:33 AM

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

Nothing to worry to be honest. Looking at the picture above posted by Lucius, it looks like every negative returns in March, it's always being followed by a positive return in the proceeding months. Isn't this good? we get to weed out weak hands temporarily and buy cheaper Bitcoin for us Grin

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Poker Player

legendary

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I do not believe in determinism, much less for markets. That in Bitcoin's short history, the March return has generally remained bad is simply due to pure statistical variability, with perhaps other factors playing a role, but if we understood the concept of series better, these things would not concern us.

Peanutswar

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Actually, from the previous year of the march, we experience the downfall of the market of the bitcoin and I saw this in my bare eyes is the 3k USD off the price of it but again there are a lot of things that might happen on this kind of situation there is a lot of rumour that the bitcoin is just having a re-test for another launch of the flight to the 60k mark there are a lot of possible ways but if you watch the previous graph of the coin which on the month of February to march the graph is going down again, still must keep aware about the possible outcomes.

Lucius

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I think the OP is referring to the fact that March is indeed one of the worst months when it comes to monthly returns, but some other months of the year have similar statistics, such as September.

I think most of us still remember what happened last year in March, although of course it was a very specific situation - but given the current price movement, it is very possible that this March will have a negative monthly return. It is possible that the statistically bad March has to do with the fact that the beginning of the year in the world is usually marked by tax reports, but also the fact that many have less money to spend because traditionally the most money is spent during the Christmas and New Year holidays.

Bitstar_coin

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Well I didn't hear anything about March going to be tough for crypto, I think this is normal correction phase that can happen in any other month, I don't see any reason for people to exaggerate so much about it, there are many predictions about 2021 and that's where my thinking is.

FIFA worldcup

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Quote from: Oshosondy on February 28, 2021, 06:21:33 AM

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I think we will see the more bearish trend in march as bitcoin might test 38-40K in that month. I don't believe that certain months are bullish or bearish for bitcoins but the current price action of bitcoin seems that we are in a short term bearish mode.

Yaunfitda

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Quote from: Oshosondy on February 28, 2021, 06:21:33 AM

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I will remain optimistic that March will still be good or favour bitcoin.

(1) the market remains bullish, the recent downtrend is somewhat like a 'norm', as every month we have to see some healthy correction;
(2) Institutional investors are still buying in the dip that might push the price again next month;
(3) I'm not expecting anymore FUD, or least the market will not be affected by it in a negative way;
(4) for average joe, if March turns out bad, then it will be a good buying opportunity for us as well.

acquafredda

legendary

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Can we leave clairvoyance out of the equation please? Let March and all the other months be ... months! Market conditions saw a slight decline which is also good to prepare the ground for future legs up.
We all know what happened last year but let that be an unprecedented series of events as it cannot happen again!

Rikafip

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I heard people saying left and right that March will be bad, but who knows maybe exactly because everyone is expecting crypto to go down, the opposite happens. The same way like barely none expected btc to go up as much as it did. Kind of "expect the unexpected".

With that being said, I am not overly fussed with the short term changes of the price as I am trying to look at the big picture. If it keeps dropping further that only means that we will be able to acquire more BTC before we reach new all time high which as we know is just a matter of time.

Taskford

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Quote from: Oshosondy on February 28, 2021, 06:21:33 AM

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

From those scattering fuds around for sure many will think about having a bad faith on holding crypto by the month of March that's why expect a dump so if you are afraid to hold and see some reds on your portfolio well maybe you should sell off if you are still in profit right now since provably you will get panic if dumping will start and sell at loss. But if you believe that this year is different and can able to hold for future gain well you don't need to get affected on those dump fud hearsay since as we can see Bitcoin and other cryptocurrency always show a good renounce after so many years especially when bull market strikes or alt season came so it's still good to hold even if we suffer for bear season on the month of March.

Oshosondy

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I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

Topic: Another month of March - page 6. (Read 796 times)