Bitcoin Week (Dec 22-28) - page 2. | Bitcointalksearch.org

aamirsuh

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Quote from: Mia44 on December 27, 2019, 08:35:32 AM

I have never heard of this concept, but this seems to be true for the Christmas holiday, the last 3 years Bitcoin has increased in the week before Christmas.

Everyone is waiting for the 2017 bull season. But I don't expect that anymore. The price of bitcoin increased during that period. Christmas holidays can experience a mobility for bitcoin. Bitcoin can increase very quickly. Because there has been a decline for 2 years. I need a new story now.

rizkyalhabsy

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wrong think i guess , buying a lot ? oh come on , people will sell it for their holiday and its seems like tradition, but about why price going rise, oh come on its a common situation, even normal situation, the only thing i waiting about it , is how about next year, i mean first week of january , did people have a lot enthusiasm for crypto ?

jostorres

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Quote from: Pipdips on December 08, 2019, 08:41:39 PM

It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

It’s not funny how some people just jump to conclusions and always having high expectations on Bitcoin. Bruhh, you said this since 9th of December and till the last day you mentioned we haven’t seen anything happen. Lol, I know you said this because of what happened in 2017, but you forgot that we don’t the possibility of same thing repeating itself and even if it’s possible it’s not going to be this year.

Starting from when the halving was announced to be in 2020, I gave up my hope on Bitcoin increase in the years 2018 and 2019. I am not even sure if there is going to be a rise in 2020, but I’m just saying because that’s how it’s been. Anyway, let’s wait till then and see what happens.

Yatsan

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Quote from: hahay on December 27, 2019, 07:12:15 AM

The fact is not the case, the theory is about holidays and at that time at least every person who celebrates it will need fiat money for the holiday itself and for shopping needs or whatever it is basically they will not spend money to buy crypto during the holidays.

Just to add up on this one, If you guys noticed that the price of bitcoin in month of December in every year that it isn't pumping, it's very obvious that we are not going to experience a pump because of the holiday season, we cannot force ourselves to believe that it would raise within the last days of 2019. The price now is not that disappointing at all, $7000 is still a good one for bitcoin knowing it will be having the 4th halving next year. People would definitely go wild after the Christmas holiday, probably on the first quarter of 2020 around January to March.

msarro

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I think OP got it right with some alterations.
Price of bitcoin was 6590$ on 18 dec 2019 while on 23 Dec 2019 it went up to touch 7600$. I just calculated this from coinmarketcap. Those who have bought bitcoin on 18 dec have surely enjoyed the Christmas.

Wysi

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Quote from: kotik085 on December 27, 2019, 05:41:01 AM

Nothing changes and tomorrow is the 28th of December, and Bitcoin is at around $ 7,100, which is unlikely to raise the price. But today is not December 28th, let's see what happens tomorrow, because many traders expect a bullish mood.

Looking at current situation I don't think there will be a huge impact as we are witnessing a fluctuations of approximately $100 daily and I feel this is created by traders on their own terms to earn regular profits everyday and I feel that the value of bitcoin will remain similar until halving.

Mia44

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I have never heard of this concept, but this seems to be true for the Christmas holiday, the last 3 years Bitcoin has increased in the week before Christmas.

hahay

legendary

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The fact is not the case, the theory is about holidays and at that time at least every person who celebrates it will need fiat money for the holiday itself and for shopping needs or whatever it is basically they will not spend money to buy crypto during the holidays.

Polar91

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Quote from: Lucius on December 09, 2019, 05:59:19 AM

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

It is really a good thing to admire that instead of converting bitcoins back to fiats, they are buying items and what you've just mentioned directly through bitcoin. In that regards, we can still make sure there is allot of market capitalization that we have, and the market price of bitcoin will remain high. But if not, let's follow what investors are doing, which is taking advantage of the declining market to accumulate BTC, and other altcoins to add it to their portfolio.

kotik085

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Nothing changes and tomorrow is the 28th of December, and Bitcoin is at around $ 7,100, which is unlikely to raise the price. But today is not December 28th, let's see what happens tomorrow, because many traders expect a bullish mood.

Oasisman

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Quote from: Asmonist on December 11, 2019, 07:38:22 AM

I think its because holiday season is really costly. You really opt to spend to give gifts and buy foods. December is really the most expensive month. If that would be the case, most likely many will sell there bitcoin. Some goes to vacation and family gatherings. Most people are really busy in this season. It may possibly affect the price of bitcoin amd I just hope for the best everyday.

I myself is celebrating Christmas and New year too, but selling Bitcoin ain't none of my plan to use it to buy stuff for the celebration. It's pointless to hold when you sell it in a much cheaper price just because you want to celebrate like there is no tomorrow lol.
Anyway, Christmas season doesn't always affect the price in a negative way. If you remember 2017.

doomistake

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Quote from: Lucius on December 09, 2019, 05:59:19 AM

Quote from: Pipdips on December 08, 2019, 08:41:39 PM

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

Indeed, also if OP based it on what he observed last year, it is probably because the majority of us bought bitcoin last December thinking that in this year, bitcoin will skyrocket again and make another All Time High price but it didn't, and it could be repeated over and over again because we have our own predictions about bitcoin's bull run, moreover, it isn't that bad to buy bitcoin in this so called "Bitcoin week" by OP since bitcoin is still in the deep.

Asmonist

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I think its because holiday season is really costly. You really opt to spend to give gifts and buy foods. December is really the most expensive month. If that would be the case, most likely many will sell there bitcoin. Some goes to vacation and family gatherings. Most people are really busy in this season. It may possibly affect the price of bitcoin amd I just hope for the best everyday.

hatshepsut93

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Quote from: Lucius on December 09, 2019, 05:59:19 AM

Quote from: Pipdips on December 08, 2019, 08:41:39 PM

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

I think the amount of coins sold for buying gifts is negligible and doesn't affect prices - after all, what kind of investors sells their assets just because they want to spend some money? They're supposed to hold only a portion of their net worth in assets and always have some spare cash.

My explanation why the price goes down during holidays (which actually doesn't happen all the time) is because traders take vacations during those times, and they liquidate volatile assets because they won't be able to react quickly if there would be a market change.

jossiel

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I don't think that the end of the year is really the days when people buy, it's holiday so instead of buying bitcoins they are into buying gifts, presents and spending it to something they like. Well, bitcoin can be the choice for others but not the majority of them.

Wise people that gets their bonus would spend it to investments instead of extravagant and pleasure items. There are generous folks that are also sending gifts in bitcoin during this season but it's undetermine to say that it only happens during this holidays season.

karanggatak

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I think in the last week of December people would rather spend their vacation time gathering with family to celebrate Christmas and the new year and stop thinking about bitcoin.
Every effort has been made so far this year to benefit from bitcoin investments. in the last week of the year I would choose to close my laptop and take a break from the crypto world. I will gather with family and have fun and pray that next year the price of bitcoin can increase.
but if indeed at the end of the week the price of bitcoin goes up then I will be very happy and will sell some for my holiday with my family.

smartbitcoininvestor

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This is definitely the time of the year when people love giving out gifts to other people. Bitcoin makes for a great gift and can be used to purchase other items like gift cards, travel, movie tickets, clothes and toys.

If you are thinking of a gift to give to a loved one I would recommend giving them a hardware wallet so they can keep their Bitcoin and other cryptocurrencies secure.

ololajulo

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Quote from: Lucius on December 09, 2019, 05:59:19 AM

Quote from: Pipdips on December 08, 2019, 08:41:39 PM

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

Dont forget its a 2 way thing, I wanted to argue as well but I thought If there are no sellers there wont be buyers so you are both right on higher trade at this time. The motive at this time may just be different, some are to take profit while some are to accumulate for the next bull. Buyers at this time are just smarter than sellers.

xvids

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Quote from: Pipdips on December 08, 2019, 08:41:39 PM

It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

We couldn't be so sure about it there is a lot of possibilities,
And besides Bitcoin and other crypto has showed it before no matter how much we expect it to rise up it could also go down rapidly so we couldn't be so sure that it would be a Bitcoin week or a week where the price would go up.

amyshek1979

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I hope someday we will stop paying attention to such weeks. After all, Bitcoin deserves every week to be like this! Buy and hold, guys!

Topic: Bitcoin Week (Dec 22-28) - page 2. (Read 694 times)