Topic: December’s Significance for Bitcoin: All-Time Highs and Bearish Bottoms (Read 465 times)

Halving is one thing, like it is directly related to bitcoin itself and how it functions and people being upset that price didn't go up after halving is understandable, surely you shouldn't sell or get out because it didn't drop, you can still wait months even a year before you can see the affects of it.

However, the biggest shock to me was when BAKKT first started, people literally sold all their coins because "bakkt volume was lower than expected", mate this is not bitcoins fault, why are you selling your bitcoin for something bakkt did, sell your bakkt shares if you have any or a partner of that company but if not just keep your damn bitcoins since what bakkt does or does not have nothing to do with bitcoin. Telling those people to not sell their coins after halving will be very very difficult.

the price of bitcoin on December 31, 2019 yesterday was 7200. and currently the price of bitcoin has reached $ 8500. I hope this is a good sign that we will enter the bull market in 2020. and hopefully big events or things related to cryptocurrency will occur in 2020 that will have a positive impact on the price of bitcoin so that at the end of this year bitcoin can reach a price of $ 20,000.

Without a doubt that is a foolish thing to do but it is not like investors always take the right decisions, there were many instances in the past in which investors put their money into an asset just because they wanted to earn money really quickly.

And the perfect example of that was the bubble of 2017 when many people that have never heard of cryptocurrencies decided that was a good moment to enter the market just when it was reaching a new all time high almost every day.

Why would people lose hope if btc doesn't pump after halving? I mean it's a bit foolish to get into bitcoin expecting returns on a certain point, right? Since nothing's really certain about anything in crypto, if you're now expecting a price surge after a certain event, you're already setting yourself up for disappointment. The coming halving may or may not improve the price significantly like before. But i didn't buy and held btc just for that.

during the month of December some bitcoin holders always predict that the price of bitcoin will go down. because many people will sell their bitcoins for Christmas and New Year celebrations. I think this statement is not entirely true. because even though there really are people who sell bitcoin for Christmas. but it will not have a big impact on the price of bitcoin because the amount of bitcoin sold is not large. and I think the decline that occurred in December is something that is common in bitcoin fluctuations.

that would be devastating to bitcoin in a long run then. The thing is that we must pump around the halving, otherwise many people will lose hope in btc and decide to sell it off. If we don't want to end up with the price plunging down, we have to pump soon. However, I must admit that december this year was useless just some chopiness to mess people up

I can tell you. 2019 December will be pretty much stable. No change in positive or negative. Probably 2020 will be not much different.

Most likely, we will survive the very period that we spoke about earlier, when the cryptocurrency market makes a correction, thanks to which many unnecessary cryptocurrencies will leave the market.  The fact is that many cryptocurrencies on the market, including some altcoin, supported their price solely thanks to speculators, which in turn prevented other projects from developing.  Perhaps due to such a development of events, we will get rid of junk coins in the cryptocurrency market.

I think the 2 bottoms this year was good enough for an entry into bitcoin especially when the market was bearish when you try to accumulate. The 15k$ bounce back was also there were nice profits to made if you knew when to sell and buy in all this bearish market that is not over it seems the breakout is there but cannot move further for now. I'm worried also a lot about altcoins...this time for real only a few of them will make it.

The end of the year has always been a great spike for the crypto market but this year and last year has been quite down. But let's not forget, i think this year is better than last year. The heartbreak of most crypto enthusiasts is that many were thinking the end of the year can see a short bull run of bitcoin but this did not happen. Let's hope we see a great rise in price by the middle of next year.

Yes this year is no different as we have always witnessed price dump during the end of the year owing to holiday season but there are users who always expect a bull run every December. The year 2020 will bring a change to Bitcoin for sure due to halving.  We need to stop expecting a bull run anytime sooner.

Maybe there are superb movements on December because it is a decision time for many people? Think of new years resolution, that means on December there are a lot of people who are trying to start the new year fresh and they are trying to make big decisions that will affect the whole year. Sure, most of us fail and stop, I have quit smoking on the new years probably 10 years in a row now and I still smoke, hopefully one day I will quit.

However, bitcoin is not like that, it is not a continuous problem that people have, if you want to quit bitcoin you just sell all your money and never look back (or maybe you can come back later on) or you may just want to decide that financial freedom is too important and you want to get rich too. So, every December (and even November) there are big moves since millions of people make decisions collectively about bitcoin.

You don't have to feel jealous because you will have your time to see the bull run comes. We will have that experience again in the next year or 2021, but you need to prepare yourself by making many bitcoin from now, so you don't be late to join with the other people to sell bitcoin. I am sure that we will make a big profit in the next years so we still need to focus on making more bitcoin otherwise you will regret it again because you will need to wait for long to see bitcoin at the highest price.

I felt jealous because I was just getting started by that time. Making fortune but not totally a property of my own. Lots of people are missing that golden time again, and we may yet experience it again in 2021? Do you think guys? My basis are the last 2017 bullrun was made by halving in 2016. So, if halving would happen in 2020 bullrun might happen a year after then. Well, anyway just a thought of mine but still who knows right?

Every year in December we have the same discussion. How December influences Bitcoin price, why price falls down and how much will Bitcoin rise next year, will 2017 price scenario repeat again?
I think that current price correction doesn't have anything to do with December or increased activities in.exchanging to fiat, it would have happened anyway. Also, I don't expect bigger price jump next year, 10000 in first six months could be the peak.

2017 was exceptional for Bitcoin and the whole crypto market. The first half of 2018 was better though but the rest of the year everyone wants to forget and go forward, and the December month was full of bearish. This year I would say was very normal, the price of Bitcoin went to a good high at 13.8K USD, and the December month is ending with 7.2k USD, which is better than 2018. Only 4 days left to end of 2019, I don't think Bitcoin price will hit 8K or decline to under 7K, it can stay at 7K USD zone. Maybe the next year we will end the December month as like 2017, who knows!

I do not invite people to spend their money to buy even those are their decisions, to be honest I do not use Bollinger indicators and I only use MACD and RSI indicators that are far more sufficient, we need to know the indicators we use to analyze do not provide we have any impact on reading charts in the future because it was the trader who made it not us, so who determines trends in the future whether it is an indicator of bollinger or traders?

now what we know is that all traders' brains already know about 2020 halving, whether it will create a new trend when they assume and say it's time, any indicator will change, because we analyze and traders make the charts directed, we are not analyzing but traders and investors who make charts can surprise anyone, a few weeks will determine the price of the next bitcoin, hopefully it's surprising 

I didn't expect more from bitcoin this year, even though every end of the year has happenings. At this time, I don't see something will happen special. It is just a normal end of the year for bitcoin I guess. The price now is getting lower because of holidays and that's what I observe every end of the year

I'll call it short term and we are in a moment of indecision where we align many time frames into similar pricing.  7222 to beat basically



This could be taken as a range bound trade, I would guess something along the lines of we repeat within the boundaries of this box.   Us being towards the upper range of that box.    What I mean by multiple time frames is the 2 day average, 8 day and 30 day average pricing are all at our current pricing and I want to see 7222+ or better pricing confirm to change my mind on us likely looping prior action as shown.
   That is before we consider wider implications of price history, obviously I marked 7400 on the chart.   I'll go with the KISS principle for now.




For me BTC is like trying to predict weather on the dark side of the moon, how can I estimate what I cant see.  Its very hard for me to know how Asia will act, its not a culture or body of people I can really say I know well enough.
   We have a strange dichotomy in Bitcoin where we got western users who dont exactly require BTC but we also have failed states who do really need the utility of BTC for various reasons.  In the end I think we'll all find a greater use for BTC in future then now but so far as saying Xmas is an influence then no its only minor.  The world is massive and so many people and countries arent based on christian festivals, I reckon those people are a driving force long term.    I just rely on price and graphs and I hope its not too distorted to show me a fair picture of users collectively.

Year by year we cant really conclude that price and its movements would really be the same.We already see the difference and we therefore conclude that theres no such thing
on what we called "patter" there are lots of factors that do affect movement.

To the thing you had said about Christmas celebration sell-off, so far we havent seen it yet the price decrease a few weeks ago isnt really that big of a gap to consider a sell off
but rather an ordinary day of volatility.