Topic: December Has always Proved to Be a Good Month For Cryptocurrency industry - page 3. (Read 648 times)

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.

It seems like December will be a good month for crypto as we have started seeing some positive momentum in bitcoin recently. Also, people are hoping that this time again CPI data will be favorable and hence bitcioin may rise more. However i do not see it going 36,000$ in this month of December. Maybe 25 - 26$ can be the realistic target for bitcoin in this month.

Also, you mentioned, "Before May crash"  Do you mean that bitcoin will crash in May 2023 or you are taking about the past May 2022 crash?

To me going back to 17 is a bad sign because there was no real recovery after what happened in November which is a sign of weakness. To talk about a reversal you need volume and a price attacking higher points, not dragging on for weeks with no volume. If we went from 21 to 16k and then back to a somewhat stable level of 19k we would've called it a sign of strength. An insignificant level of 17k acting like a resistance is really bad for the short term.

I wouldn't expect anything big in December. Even if FED pivots in 2 weeks the best we can hope for is 19k again, which again is a bad sign if it stops there because it's still below the 2017 ATH.

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.

your way.. i had time
J   F   M   A   M   J   J   A   S   O   N   D

2   5   4   4   6   3   6   7   7   8   8   8

enjoy

Actually to every beginning of December may have it right to turn Green whenever it gets to January there is always a challenge sometimes it could be pure dip and then from February to May there is always a market correction.
I think @DdmrDdmr fully narrated it all.
I believe this December would likely be a good one, since market hit back to $17,200 today being 01-12-2022 so there is every possibility it would be around $25k to $30k by ending of 31 December to 1st January 2023.

When I read the post, I thought about those tables with months and how the price changed in different years, so it's great that DdmrDdmr posted it, and December seems to be a 50-50 kind of month historically, so even if we rely on the past behaviour to predict future behaviour, it's wrong to assume that it will be a good month. I hope it will be, but there's no reason it has to be. So far, we're just one day in, and maybe the market isn't ready to change the tide yet. We should be morally prepared for whichever outcome comes next.

If I recall correctly, the previous bull run began in December. But that doesn't mean that every year will be the same. To be honest, I don't see any reasonable grounds to pump Bitcoin in December. So this December would be different from others. A couple of incidents have occurred, such as Luna and FTX, and there is no good news to pump the crypto market. We will most likely have to wait another couple of months before the cryptocurrency market recovers. Everything will be fine, just don't expect too much and be realistic.

^^ Franky, every day's closing price summed then / 365 is more "acceptable" of average yearly price, no? But ain't nobody got time for that!


Ha nice catch on newbie of the year, enter the nominations!

I remember circa the same time also festive periods were good for Bitcoin. Christmas shopping, and then Lunar New Year after that supposedly bringing out the happy Chinese... though it never made sense to me as you'd be selling Bitcoin to buy people presents more than anything.

The Hindu and Muslim calendar traders probably also going crazy for different lunar/sun cycles.

I love this image, I love the fact that none of the months in general look like a heavy green month aside from maybe February and October. The reality that we can learn from this image is this, you could have one month of 172% or something, and then 6 months of 5-10% drops, and that should tell you how bitcoin goes up. Maybe for the next 12 months we are going to have 5% drop each month until last month where we have 400% increase?

We do not know if that will be the case but this image shows it's also not impossible. Bitcoin usually slowly drops more and more and more, and then one day goes up straight like an arrow, we need to be ready for that and if we are not, we will always be too late to it.

ok i did a bit of maths

grabbing the chart data of 2011-2022 from blockchain.info

i then took each years low and high, and then done

(low + high) / 2

to get the average price per year

then i looked at the prices per month of each year and seen which months were below or above that years average

and the results of how many months were above average

J   F   M   A   M   J   J   A   S   O   N   D

3   3   3   2   2   2   2   3   3   2   4   7

Like a Domino effect?
BNB might crash but Ethereum will not.

The whole crypto market is on a bear market and yes, anything might happen, but I don't think that Bitcoin and Ethereum will crash like what happened to FTX and Terra Luna because both of the projects are failed ones and the ones behind it are scammers and any projects that has scammers behind it will absolutely fail because they will scam investors.

$36K? You might be dreaming while posting this one isn't you OP? Your first post is a thread like this though I agree with you that December has always been good for crypto and right now, Bitcoin is at the $17,000 price. Overall, the sentiment of the investors is negative, and they are in an extreme fear right now to invest. You might be thinking of the "Christmas Effect", but with what's happening globally, I doubt that it will have a huge effect towards the price of Bitcoin. Maybe we might see Bitcoin at $20,000 at the highest.

Even the data you've posted proves that we shouldn't relay on it with our predictions.

For instance, if you followed the chart between 2013 and 2018 you'd say that out of the last 5 Junes 4 were good, you'd buy in May thinking the pattern would continue and get a 14% loss. Then next year you'd probably think that last June was so bad you'll stay out of it for that month and you'd miss out on a 26% increase.
 
As for Decembers, there's a clear pattern. 2014  and 2018 were the first years after ATH and they were red. Out of the winters that did not come in less than 12 months after ATH only 2019 had a very small 5% drop. All other Decembers were green. This time our December right after ATH was in 2021, so we already had our red month. If we follow the pattern, there's a high probability this one will be green.

I feel like I should add for people who are too euphoric about the green and red months, the way the chart works that even if there's a 1% increase in the average price for the given month, it will display as green month. A 20% drop in one month followed by a 5% relief rally will show the current month as green, even though in the last 2 months we've lost 15% and are in the red.
Technically, you can have 11/12 green months in a year and still be at a 50% loss.

That's probably what you think is the best, but there are better ones. Maybe that stick to you because that's either when you discovered BTC, or it's too memorable that the following months just continued rising, and that's an excellent run for 2020 but not every year. It's a common misconception that when it's near Christmas time, people have a lot of money, if they were to have extra, it would go into the crypto portfolio that they have, and that's one of the idealized things, but that's probably not what's happening during December.

Hope the same as what I want. I've even been buying since the price was in the $20k area and until now I keep adding to my Bitcoins. Having spare cash is very useful at this time. If it keeps dropping I'll still buy it.
Now just need to be patient to wait for bigger things, waiting for the bull market. Even though it's not December this won't be a problem but I'm sure the bull market will come.

Hihi, I remember all these posts:
- October has been bad for Bitcoin only in two years, always positive in double digits, we're going to have a huge bull run
- November has been positive for Bitcoin 6 to 3, expect a bull run, the last ATH was in November
 - And now it's December time, we had an ATH at that time in December 5 years ago, certainly bullish
The way some cherry-pick both data and memories is quite entertaining.


No, we don't know, what's stopping us? Actually, what's stopping you?


Common, just congratulate them for being that fast:
Post          Today at 09:36:15 AM
Merited at Today at 09:37:15 AM
Finding a topic, reading it and sending merit in exactly 60 seconds? Newbie of the year!!!

Not until the market price fall in red marks again. I also thought that things has chances for this year, even atleast for a slight recovery. But just as early as today, market was filled with red marks once again. Quite unfortunate but definitely not something to be scared of. This might not be our year and we may accept that. For now, being patient would save us from bigger regrets if we would sell our holdings just because of current market situation. But there are still more than 3 weeks we can hope for before this year end. I do wish that the market price will remain at $17k range if not higher, to somewhat have a good start for 2023.

Market is just unpredictable. From being down for weeks then a sudden pump, then being back again in red marks. All of those changes happened in an instant. Volatility is both the beauty and down part of this industry.

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.

 

Everyone will say what they feel will happen but at the end of the day, nobody can actually tell how the market will behave this December, just like nobody expected ftx to suddenly go down the hole.
The most important thing though is to take advantage of the bear market and buy what you can afford, the market will do it's thing at the right time.

On December of 2018, it's the lowest for its bear market. But that won't signify as every December would be that bad and the same as what you're telling that it's going to be good.

In the end, nobody knows what will happen for this December until we finish seeing it or for the next December of 2023.

But we're in all agreement that by the time halving's done, then the times for bitcoin going up is surely going to come.