December Has always Proved to Be a Good Month For Cryptocurrency industry

Cryptmuster

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Quote from: Marvell1 on December 22, 2022, 09:11:32 PM

Relying on last year's chart or previous years' history to make predictions for bitcoin is not enough. Last December, we were in the bull season, so the bitcoin price increase was obvious. But this year, we are in bear season, and the economic crisis is a huge problem, so predicting the same months is entirely inaccurate. OP, you need to give your analysis instead of just a vague prediction, the market doesn't move in such an easily predictable way.

You can try to find some patterns with past years, but for this statistic to work, you need a lot of data, bitcoin is a relatively young asset, and I don’t know how good this idea is. I looked at the table where the statistics were given for months, but it didn’t give me anything, I didn’t find any regularity in this, each time it can be a different value. It is necessary to proceed from the situation on the market, this will be the highest quality analysis.

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Quote from: classicman1 on December 01, 2022, 04:36:15 AM

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

December is not always a good month for cryptocurrencies, even if last year was favorable. Markets are unpredictable and should not be predicted based on past behavior. Recovery can always be seen, although not in December, believe that the bull market will come.

Marvell1

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Quote from: classicman1 on December 01, 2022, 04:36:15 AM

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

Relying on last year's chart or previous years' history to make predictions for bitcoin is not enough. Last December, we were in the bull season, so the bitcoin price increase was obvious. But this year, we are in bear season, and the economic crisis is a huge problem, so predicting the same months is entirely inaccurate. OP, you need to give your analysis instead of just a vague prediction, the market doesn't move in such an easily predictable way.

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Quote from: classicman1 on December 01, 2022, 04:36:15 AM

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

There's something we called 4years cycle in the cryptocurrency market and it's what determines if December month and the first quarter of the new year will be the start of the Bitcoin market rally.
Unfortunately, there won't be any market rally this year in December and the first quarter of next year until the 4-year cycle is complete which your calculation and the price trend you said about the month you mention are not correct.

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Quote from: Vaskiy on December 20, 2022, 06:56:38 PM

Agreed, the market isn't better than its previous months. It is known that the bitcoin price movement happens in no time. We've reached the last days of the year 2022. Even then price can reach $30k. However based on the prevailing market scenario it is really hard thing to happen. The year is good for all the cryptocurrency investors because it gave opportunity to invest as well as make profit out of the investment.

History does not always repeat itself and December is not a good month for Bitcoin and cryptocurrency in history.

Will it be different this year?

It can be different but to be frank, I don't think it will be different. However, it is not big problem because if you hold your assets long enough, you will have better portfolio year-by-year or if year-by-year is not better, it would be better for 4-year by 4-year holding.

I am sure that your portfolio can increase or decrease in value year-by-year but if you consider Bitcoin with its Lowest price for each year, the trend is up.

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as said previously..
a pattern even if proven is only as good as the time it takes for too many people to realise the pattern and then trades against the pattern for profit to break the pattern

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Quote from: _BlackStar on December 20, 2022, 07:32:51 AM

Quote from: len01 on December 20, 2022, 06:06:39 AM

speculating the price of bitcoin by considering past prices is very difficult and uncertain.
The price of bitcoin in the past in December is just an example that bitcoin is really volatile and very difficult to predict.
in fact it's december right now and it's already getting to the middle of the month and bitcoin still isn't doing as well as you say.
there is no need to speculate on the price of bitcoin in market times like this and every month in the past will not be the same as the month of the year.
all we have to know is january to december are good months for bitcoin when we buy and hold it till ATH price

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

Agreed, the market isn't better than its previous months. It is known that the bitcoin price movement happens in no time. We've reached the last days of the year 2022. Even then price can reach $30k. However based on the prevailing market scenario it is really hard thing to happen. The year is good for all the cryptocurrency investors because it gave opportunity to invest as well as make profit out of the investment.

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Quote from: AmoreJaz on December 20, 2022, 06:21:29 PM

Quote from: justdimin on December 20, 2022, 02:45:30 PM

Quote from: _BlackStar on December 20, 2022, 07:32:51 AM

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

Not every year is the same, and people forget that and OP made that mistake as well. I mean normally in 2017 we have seen it go up so much right? So does that mean it will always be good in December? Well no, because in 2018 we have seen it not do so well and go down, but in 2019 it was stable give or take, but in 2020 it went up right? However in 2021 it was lowering.

So, as you can see it is not always the same and sometimes it goes up and sometimes it goes down. This year it looks to be quite stable, sure there were some drops but nothing big, just tiny enough to not even mention, and I am not seeing any increases neither so it will stay like this if you ask me.

every year has their own unique trend as the contributing factors are also changing. so we can't expect the same trend every year. we are just relying on what's gonna be out of the newsstand. and how they will affect the market performance of the cryptocurrencies. this year, we are still hoping to change the path of btc trend. but reality check, we are only 10 days to end this year. though it is possible to see an uptick trend but don't make high expectations.

10 days wouldnt really assure that there would be no huge movements or tick in price whether it would be green or red.No one really knows and this is how this market is too unpredictable.
There's no way that you could really be able to determine on how the year would be ending up whether it would be on bullish or bearish even more. We dont know if there would be some last minute
situations or events which might really that changed up the overall market vibe of this market which is something that not that surprising on this place on.
December could neither be good or bad basing up on some sentiments but dont expect or anticipate that much.

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Quote from: justdimin on December 20, 2022, 02:45:30 PM

Quote from: _BlackStar on December 20, 2022, 07:32:51 AM

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

Not every year is the same, and people forget that and OP made that mistake as well. I mean normally in 2017 we have seen it go up so much right? So does that mean it will always be good in December? Well no, because in 2018 we have seen it not do so well and go down, but in 2019 it was stable give or take, but in 2020 it went up right? However in 2021 it was lowering.

So, as you can see it is not always the same and sometimes it goes up and sometimes it goes down. This year it looks to be quite stable, sure there were some drops but nothing big, just tiny enough to not even mention, and I am not seeing any increases neither so it will stay like this if you ask me.

every year has their own unique trend as the contributing factors are also changing. so we can't expect the same trend every year. we are just relying on what's gonna be out of the newsstand. and how they will affect the market performance of the cryptocurrencies. this year, we are still hoping to change the path of btc trend. but reality check, we are only 10 days to end this year. though it is possible to see an uptick trend but don't make high expectations.

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Quote from: justdimin on December 20, 2022, 02:45:30 PM

Quote from: _BlackStar on December 20, 2022, 07:32:51 AM

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

Not every year is the same, and people forget that and OP made that mistake as well. I mean normally in 2017 we have seen it go up so much right? So does that mean it will always be good in December? Well no, because in 2018 we have seen it not do so well and go down, but in 2019 it was stable give or take, but in 2020 it went up right? However in 2021 it was lowering.

So, as you can see it is not always the same and sometimes it goes up and sometimes it goes down. This year it looks to be quite stable, sure there were some drops but nothing big, just tiny enough to not even mention, and I am not seeing any increases neither so it will stay like this if you ask me.

People shouldnt forget that on which you shouldnt really make each year to be that the same which not all month of December would really be that totally good.This is why people do really make out those kind of
being annoyed or frustrated because they are really expecting something positive neither on Bitcoin or altcoins when month of Dec do approaches which is something not that recommendable.
We've seen the worst months or years which we should really be getting used to it because this is how this market works and how it do behaves which isnt something new.
Expect the unexpected because those things we do have in mind doesnt always ends up for it to happen.

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Quote from: _BlackStar on December 20, 2022, 07:32:51 AM

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

Not every year is the same, and people forget that and OP made that mistake as well. I mean normally in 2017 we have seen it go up so much right? So does that mean it will always be good in December? Well no, because in 2018 we have seen it not do so well and go down, but in 2019 it was stable give or take, but in 2020 it went up right? However in 2021 it was lowering.

So, as you can see it is not always the same and sometimes it goes up and sometimes it goes down. This year it looks to be quite stable, sure there were some drops but nothing big, just tiny enough to not even mention, and I am not seeing any increases neither so it will stay like this if you ask me.

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Quote from: len01 on December 20, 2022, 06:06:39 AM

speculating the price of bitcoin by considering past prices is very difficult and uncertain.
The price of bitcoin in the past in December is just an example that bitcoin is really volatile and very difficult to predict.
in fact it's december right now and it's already getting to the middle of the month and bitcoin still isn't doing as well as you say.
there is no need to speculate on the price of bitcoin in market times like this and every month in the past will not be the same as the month of the year.
all we have to know is january to december are good months for bitcoin when we buy and hold it till ATH price

If the OP has data on what he's talking about then maybe the discussion will be very interesting. I don't know, but December this time is not very good for the crypto industry, obviously it is because of the FTX and FUD problems that are everywhere.

If December has always been better than any other month, then bitcoin should be trading over $30K by now before the end of the month. But so far I haven't had the market recover above $20K, so I don't think this December will be any better than June, July or August.

len01

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speculating the price of bitcoin by considering past prices is very difficult and uncertain.
The price of bitcoin in the past in December is just an example that bitcoin is really volatile and very difficult to predict.
in fact it's december right now and it's already getting to the middle of the month and bitcoin still isn't doing as well as you say.
there is no need to speculate on the price of bitcoin in market times like this and every month in the past will not be the same as the month of the year.
all we have to know is january to december are good months for bitcoin when we buy and hold it till ATH price

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Quote from: classicman1 on December 01, 2022, 04:36:15 AM

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

Unless one can find very good evidence of patterns having a connection to something which creates those patterns, it is not a good idea to assume those patterns will continue in the future. In other words, just because December seemed to always have been a good month for Bitcoin, does not mean that it is not just a simple coincidence which might or might not repeat in the future. Until we have further proof there is a cause for this, I would not be betting my money so soon.

Although investing in Bitcoin is, from my own subjective experience, a good idea at any point in time.

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Quote from: worle1bm on December 20, 2022, 04:44:23 AM

See we have already entered the December phase and as per your sayings the results are not so good and we can't fix that crypto market will boom in this period.The prices will only rise when the investment will take place in reality and that could happen anytime but we can't take past considerations to predict the future.But keep one thing in mind that it might take some time but surely the prices will rise speaking for bitcoin if you have patience to hold it.

Recovery can always be expected, though not just in December.
So far some increase occurred during December but it didn't last long. I almost thought $17K would be strong support, but it failed. I could expect some minor movement during late December, but I wouldn't be surprised if a sell-off correction occurs over the holidays.

Regardless of what will happen at the end of December, then I think people need to take advantage of the market situation to increase their portfolios. Buy it and hold it, it will really pay off in the long term.

worle1bm

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See we have already entered the December phase and as per your sayings the results are not so good and we can't fix that crypto market will boom in this period.The prices will only rise when the investment will take place in reality and that could happen anytime but we can't take past considerations to predict the future.But keep one thing in mind that it might take some time but surely the prices will rise speaking for bitcoin if you have patience to hold it.

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Bitcoin price fluctuations are not fixed.We cannot correctly predict the rise and fall of future events.
Usually, the occurrence of positive or negative events or some major events will affect the price trend of Bitcoin. There are so many types of coins in cryptocurrency right now. With the continuous development of cryptocurrencies and the improvement of the ecology of other altcoins, Bitcoin must always ensure its "boss" status in order to continue to appreciate.

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Quote from: Leviathan.007 on December 19, 2022, 03:38:43 PM

Quote from: mk4 on December 01, 2022, 05:03:51 AM

Something something past performance is not indicative of future results. Also, December of 2021 was a down month. Pretty much only 2020 was the only good December concerning price since the past few years.

Now is the 19th of December and I didn't see any special move in the market or any special event that changed the situation of market, but you are right, from what I can see on the chart, December of the last year wasn't a good month for bitcoin and the price and bitcoin industry while on 2020 we had a better situation. so it doesn't matter if we are in December or any other month because the market can react in a different way comparing to the last years.

Good or Bad, no one really knows on what it would look like.It is really just that people who do have those good experience on those month of December back into those previous years are really sticking up their minds

and still keep believing that those good things would really be happening and this is why whenever we do reach out on the end of the month of each year then we do really have this kind of impression.

Now, its really totally opposite where it did really make out some increase on small percentage but it do still end up on dipping which its not something shocking anymore.
People should really get used to it because market is always been that unpredictable.

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Quote from: spectre71 on December 01, 2022, 08:52:50 AM

Looking here in my Farmers almanac is says to plant my bitcoin in the spring.

The world is a much different place than December 2020 and 2021.

Only a lunatic would base his or hers bitcoin investments on a lunar calander.

How will you say from the aspect of your statement planting of Bitcoin is like investing in Bitcoin or holding a bitcoin for long time so I believe thought that Bitcoin it's just something that when you have it and hold for long time andron the bearish market that is you are holding bitcoin more than when it enters the bullish market you have a surplus gun that is the aspect of paper lantern bitcoin for my own understanding

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Quote from: mk4 on December 01, 2022, 05:03:51 AM

Something something past performance is not indicative of future results. Also, December of 2021 was a down month. Pretty much only 2020 was the only good December concerning price since the past few years.

Now is the 19th of December and I didn't see any special move in the market or any special event that changed the situation of market, but you are right, from what I can see on the chart, December of the last year wasn't a good month for bitcoin and the price and bitcoin industry while on 2020 we had a better situation. so it doesn't matter if we are in December or any other month because the market can react in a different way comparing to the last years.

Topic: December Has always Proved to Be a Good Month For Cryptocurrency industry (Read 631 times)