Topic: December Has always Proved to Be a Good Month For Cryptocurrency industry - page 2. (Read 631 times)
December 13, 2022, 02:19:03 AM
Hopefully this may be a good month for BTC & other crypto although BNB not looking good. Finger cross for some price up in ADA
December 13, 2022, 02:10:11 AM
This may be a good month for BTC but it also is booming for ETH and DOGE. Research is necessary anyway as everyday there is a new change.
December 04, 2022, 01:52:16 AM
It is true that in the past, December could be said to be a good month for cryptocurrencies but this year is different from every year in that there are wars and inflation, so it is difficult to say whether history repeats or not. We should be optimistic with our investment but always be careful because bear season is not over yet, worse things can still happen, don't be subjective.
And this is the problem with trying to use the calendar to predict the moves of bitcoin, it is too simplistic, it does not tell you anything at all about the real reasons why the price went down or up.Besides the observations of the OP are not even true, 3 of the last 4 Decembers have presented a negative movement for the price, with this in mind it is better to watch the charts and to follow closely the news regarding this market and the economy in general, so our predictions about the possible movements of the market not only will be more accurate but they will be based on actual data which affects the movements of the price.
December 03, 2022, 09:01:24 PM
In my opinion, not all of December is a good price for bitcoin, and even now, namely December, today the bitcoin price is still low, there is no high increase. so essentially there is no certainty with December regarding crypto issues. but what is clear is that now is the right time to buy bitcoins. because the price is still low.
but I hope that in December this year the price of bitcoin will increase. and turned into a bull market.
but I hope that in December this year the price of bitcoin will increase. and turned into a bull market.
December 03, 2022, 06:08:41 PM
It is true that in the past, December could be said to be a good month for cryptocurrencies but this year is different from every year in that there are wars and inflation, so it is difficult to say whether history repeats or not. We should be optimistic with our investment but always be careful because bear season is not over yet, worse things can still happen, don't be subjective.
December 03, 2022, 05:40:26 PM
As Ddmr already posted, December hasn't been the best month for Bitcoin. Perhaps we're associating the bull market that took place near the end of 2020, that had made Bitcoin to return back to its former glories of 2017. January, February or October have much more positive results, but why does it even matter? I believe that it's often coincidental and doesn't statistically prove something. Maybe, there might be some correlation between time of the year and Bitcoin's price but it shouldn't be taken for granted.
P.S December of 2020 was my reset button, the month I relogged to my wallet and started all over again. It's been two years already.
P.S December of 2020 was my reset button, the month I relogged to my wallet and started all over again. It's been two years already.
December 02, 2022, 08:39:59 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 good 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.
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.
Hope this is not an attempt to divert attention away from the fact that Oct 2022 to the end of this year was chosen to be a period of massive bull run for Bitcoin in contrary to the pessimistic atmosphere in cryptospace and their expected bearish market for thesame period (Oct to Dec 2022) .
In regards to the expectation of a cr*ash in May next year, I think the month would be chosen for the massive rally to somewhere between 50,000, to 60,000. This should prove the historic charts unreliable.
We may consider making this month(Dec) rally an ordinary one not greater than a previous rally we had few months ago. This will mean that the "good start" was some month ago rather than this month (Dec).
Meanwhile, the bull will continue head butting the bear and moving against the bearish tide. We will still have a strong price movement just as it was couple of months ago.
December 02, 2022, 07:00:03 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.
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.
Yes, the price of bitcoin very often rises in November and December and falls in January and February. This is due to several reasons.
Firstly, such price dynamics is associated with the peculiarities of the tax system in the United States and other countries.
Secondly, many people take profits on New Year's and Christmas. New Year is a time to take stock and buy gifts for family and friends.
Thirdly, January and February are the time of winter depression. People's mood worsens, optimism decreases and they begin to believe less in the prospects of the first cryptocurrency.
But I don't really believe that the price of Bitcoin will reach $36,000 in December.
December 02, 2022, 06:49:45 AM
December month was good for the cryptocurrency industry in past years, but not all time good for Cryptocurrency; we expect the month of December 2022 will be good for the cryptocurrency industry because the previous few months were terrible for Cryptocurrency due to a downfall in price. In the coming month, Cryptocurrency's price can go up due to various good news.
December 02, 2022, 04:34:35 AM
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.
At this time when things are not as they used to be in cryptocurrency, whatever can give us hope will do, thank you from sharing hope and positivity. This is somehow reassuring for me and will be reassuring especially for new people who just purchased bitcoins. I am a scared still to an extent at the sentence that "History repeats itself", if history repeats itself truly and I am excited expecting good times, I should be sad as well knowing that there are also some bad times in history, and I should expect them as well. I'm so sorry, but it is difficult to not think about the time after the good time, or what will come after the good time. 
December 02, 2022, 03:37:55 AM
3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!
there is alot of conversational FOMO and social drama
but when say the 2016 halving. that seen a pre halving price of $450 turn to a post halving of $900
people are not buying more, spending more..
what is actually happening is a normal investor paying in $50 a month got 1btc before and 0.5btc after
..
check some old screen shots of market order listings in say 2012-2022
there is a noticeable difference to the decimal amount on offer
i remember in 2012 average orders were 1btc-1000btc
in 2022 its now 0.001btc - 1btc
people dont tend to "spend more" or buy more..
the instead pay regular amount and just get half as much coin per halving.. which translates to the price doubling
in short. its not where market orders are now 1btc-1000btc orders of $16k to $16m
its not buyers buying more
its sellers offering less coin
December 02, 2022, 03:30:39 AM
i see your point what your trying to say. but rationally..
1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013) halving: 2016(ath 2017) halving: 2020(ath 2021)
1. No one should even though every high in bitcoin is the future low 1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013) halving: 2016(ath 2017) halving: 2020(ath 2021)
2. Yes but they can't know where the high is, when the rise is happening all everyone sees is the rise without being able to predict when it is going to end.
3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!
December 02, 2022, 03:13:48 AM
the thing about history is.. everyone can see it and react to it to "never happen again"
meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern
a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern
You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin!meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern
a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern
i see your point what your trying to say. but rationally..
1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013) halving: 2016(ath 2017) halving: 2020(ath 2021)
if users that DCA know that december is a high month.. they are more likely to buy before that.
thus less buyers in december and more sellers.. breaks the pattern by having a down month instead of an up month
if i was a naive DCA who JUST seen this pattern
J F M A M J J A S O N D
2 5 4 4 6 3 6 7 7 8 8 8
instead of dca $1k each month evenly ($12k)
even i would do more at start of year and less at end of year
but id advise no one to do DCA (just buy no matter price just because you deposited)
nor base it on historic patterns of years ago. which are not predictive at all. just a topic of interest thing
i would instead say look at current price compared to recent average to see if its above or below average to decide what % to put in
in short 'buy low, sell high' and 'buy more on low, buy less on high'
December 02, 2022, 03:05:02 AM
the thing about history is.. everyone can see it and react to it to "never happen again"
meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern
a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern
You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin! meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern
a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern
December 02, 2022, 03:00:37 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
December isn't always a good month for cryptocurrencies, the thing about history is.. everyone can see it and react to it to "never happen again"
meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern
a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern
December 02, 2022, 02:53:06 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 isn't always a good month for cryptocurrencies, and while Bitcoin has started to see positive moves recently, I think it's still in a bear market.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.
The crypto market is unpredictable. The nature of volatility makes it possible for all changes to occur in a split second. Now we just need to wait patiently and believe that the bull market will come soon.
December 02, 2022, 02:10:57 AM
I hope in this timeframe btc might go Upto 36k dollars before May crash.
The Bitcoin price won't hit 36K USD just because you want this to happen. those predictions are less about the markets and more about the users revealing their buy in and exit plans
most users have a 2x in mind to exit out and a date they want to exit by
its why.. when the price went to a $50k amount after the ATH and stuck around there for a bit. people buying at $50k wanted a $100k exit within a year
those buying at about $17.5k want a $36k exit
they are just trying to suggest their exit and hope someone will tell them "yes your exit number is possible in a small timeframe of when you want to leave by" just to ease their mind
December 02, 2022, 02:01:02 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.
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.
The Bitcoin price won't hit 36K USD just because you want this to happen. The crypto winter is here to stay and the investors aren't very positive about an upcoming bull wave in the Bitcoin market. There's no force that could possibly create a FOMO phase right now.
Statistically some months are "good" and other months are "bad" for Bitcoin, but the market is extremely bearish right now and the FUD news are coming from everywhere. Do you really think that the "average Joe" is going to invest his money into Bitcoin, when he reads all those news about crypto bans, crypto price crashing, crypto companies going bankrupt and scamming their investors? I don't think so.
December 01, 2022, 05:55:18 PM
I think that at any time with bitcoin you is ever you make a risky decision, it is an investment, then the starting point does not always have to coincide with special months, although the historical show it, but it should not necessarily be so...
December 01, 2022, 05:12:45 PM
I also don't think December has always proved to be a good month for Bitcoin, as far as I know, the December performance depends on the current situation of the Bitcoin fundamental. As we see in history, whenever there is good news lurking around the Dec. month will be in green but this year, I do not think that we can see a greener Dec because of the recent event and FUD that is roaming around the market. We had huge fiascos and scandals in the previous months, and aside from Brazil accepting Bitcoin as a payment option, there is no other good news that can outweigh the effect of the recent FUDs and fiasco that shakes the Bitcoin market.
But in fairness, the 1st of Dec. shows a bit of recovery of Bitcoin price since Bitcoin goes up to $17k. It is short live though because the price goes down again at sub $17k.
The market follows the fundamental, if there is good news circulating around the market then everything will be green as the entire cryptocurrencies were following the trend of bitcoin. Over the years there is a myth, close to the days of Christmas the market will start rising and the same gets carried forward to the falling year. Lets see, anything similar to that happens this year. The growth that happened in the past in the same time period can't be expected to come again this year. Because, market situation during those days and the present have got lot of variation.But in fairness, the 1st of Dec. shows a bit of recovery of Bitcoin price since Bitcoin goes up to $17k. It is short live though because the price goes down again at sub $17k.
and that we will see if such scenario will be observed in the coming days. but every year has their own news and events, so we can't expect something similar will happen. we have been in the downside trend owed to news such as the FTX failure, BlockFi's bankruptcy and other things. but if a good news will come, we may start seeing the market to go up again. just a matter of time. but we can't assure that this month, we will finally see such increase.
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