Topic: Fear of December dump is fading away - for Bitcoin (Read 619 times)

You cant say that those dumpers or sellers are really that totally noobs on which there are those veteran traders or investors who do really love on making up some swing trading on which it would really be just normal that they would really be sticking into those basic principles or things that happened in the past on which they would really be always loving on connecting it on the current time and years on which they would be assuming that those dumps would really be giving out that similar pattern on which we do know that it cant really be so sure that it would be happening again or not.
We've seen that it didnt really happen on that December 2023 or last month on which it did prove out that there's no such thing about precise assumptions basing up into those past events.

We do know that adoption and recognition is really that increasing. Price conditions and events that happened in the past wont really be similarly that it would happen in the future.
Some says that it might not be the same but it do always rhymes on which i do agree into this point.

That's the mindset of a weak hands who's expecting to get profit easily or get rich overnight, and it is an advantage for those who knew bitcoin very well. The end of December may not be bullish yet for bitcoin, but it could be a great opportunity of an entry point or accumulating more fractions to your bag. Fortunately, this year might be a bit different because there are a couple of big news in bitcoin. The ETF approval and the Halving, these huge news are most likely going to steer the price positively. Those who remains afraid in investing in bitcoin will forever be regretful as the value of bitcoin will constantly increase.

Some people became afraid of bitcoin due to they taught that price of bitcoin will continue to fall as they expected so therefore I believe that price of bitcoin is something I know quite well that can fall at any point in time and I know also that the price is something that I believe that will rise unexpectedly, today the price of bitcoin has skyrocket to another level that I don't know, so if we use such expectations we shall not invest in bitcoin, let us try to summon courage concerning purchasing of bitcoin without any biased mind because when we continue have such mindset the price will continue to either fall or rise

Well, the price doesn't always go up in December, it's only the case during the bull market and only in the years that fall under the bull season as we know there are two seasons in a full cycle, bull season and bear season. When the market is in a bear run, the months including the first and last will also fall under it and the prices keep falling even in these months. On the other hand, years within a cycle that fall under the bull run will have the prices going up in all the months.

And, the halving event will be in the fourth month of 2024 and not right after the end of this year. Four months is a very long time, and there can be a lot of things within this period, the market can either recover more or drop to some extent right before the halving event and then it may start going up after it.

there's reason why people always thinking of dumping at around end of the year because speaking from history chart it always dump, the correction or bearish season starts from december, i remember clearly back then in the previous bullrun the market was dumping around the end of the year if im not mistaken therefore many people just assme that some bad thing might happen at the end of the year so its completely understandable that if people have such assumption but the thing with right now is that, the market sentiment is different, it instead showing the greed indicator meaning that people are bullish so even if it is the end of the year many people just don't care and would still try to accumulate for the ever anticipated halving that people are so hype about.
so its no wonder that at this december instead of seeing some massive dump we see some real increase towards altcoin though bitcoin still kinda stagnating and floating around the price point of $40k-$43k. hopefully the news about ETF comes out soon and we will see some great thing about bitcoin increase.

When it comes to bitcoin price speculation,  a lot of positive energy has entered investors in recent times because of the recent price increase and how bitcoin can recover from its previous down price and that was a great time to buy more since it was a good discounted price so for sure a lot of those who understood the advantage of such discounted in bitcoin to stock up more holdings.

At the moment,  there has been a good recovery for Bitcoin,  and those who already used the last chances to buy the dip are already in good profits, and if they continue holding,  in the year 2024 will be more profiting and with the level of activities like Bitcoin halving which will be a major properly force to the next ATH.

so far this is just pure speculation, the price of bitcoin rarely experiences a drastic decline in December, in fact in the last few years the price of bitcoin has actually increased by several percent in December, the price of bitcoin per this second is $42,560 and only experienced a decrease of 0.08 % in last 24 hours.  So, regarding whether in December 2024 the price of Bitcoin will fall as you have stated here! who knows, but I am sure that in December 2024, bitcoin will not experience a bullish streak, in fact, it is very likely that Bitcoin bearishness will occur in Q3 2024 ^{(just a prediction)}

I am having similar expectations even breaking ATH on halving year is not an usual thing in the bitcoin market cycle. I mean reaching beyond $68k might be possible by December 2024. I might go wrong as well. Because when everyone will be expecting a strong bull run in 2025 which would be very much similar to 2013/2017/2021 then we might start witnessing that well in advance like by last quarter of 2024 itself.

Coming back to this December happening, in my opinion this December ending up flat. Bitcoin market got stuck around $42k range which must be a good thing as we can count this range bound as a cooling period for another rally toward $50k levels before we are seeing any possible dominance of bears. Overall, I am confident about extension of bull market in the beginning of new year as well.

If you start paying attention to the prices that occurred in December this year, you will definitely see very small differences in the Bitcoin price range that is formed on the market every day. This means that there is no big difference in price levels this month unless you start comparing it with previous months for Bitcoin prices this year, because today is the last day everyone will be in 2023, while tomorrow everyone will be in 2024 which is which is a new year for all of us who are still alive in this world.

Not at all a dump but a slump to end December.    We've traded under the 8 day moving average for the last week now, not a holiday boom or any special sell either but I wonder if that indicates anything for the opening to January and resumption of proper trade then.   Jan 1st week is a bump back into full trading but perhaps the 2nd week if we do not recover this positive momentum above a weekly average I will start to become more worried.
   Ironically we spent more days under a weekly average then above but December is definitely positive thanks to how positively it started the month.   We'd have to lose 40k to really say December was negated in any way, mostly I would say it was drifting along after such good gains previous.

I do agree that whatever happens happened and from here on out it is going to eb a restart all over again. I still think that waiting for the new years is the more important part, and I believe that the best thing we could do right now would be making sure that we are going to end up with a big increase with the price, but aside from that we should be considering that as normal. I know that it will get to a price that will be much higher than this, many think that we will do fine but I believe that we are going to do better than that.

If I see the price reach to anything above 50k that would be what I would expect, but if it could break over the ATH during 2024, that would actually not be a big surprise to me neither, I could expect something like that.

Not always, as December has been a negative month month rather than a positive especially end of December.I may be wrong but stats don't lie I would suggest you to check the dips which has happened in the end of December every year. I had assumption that every year December would not be so good which turned out to be false this year but that doesn't invalidates the market trend of the past.

usually the end of the year this means December usually the price goes up instead of down. the word black December is usually only for the ponzy scheme business industry not for cryptocurrencies.
what's more, at the end of the year before halving the price or market will not crash and fall sharply.

unless there is news of fear for crypto currency users that causes prices to crash sharply.

But actually we did really be able to observe and seen that the price didnt really dip or crash that much into this holiday season on which this is really something that we are assuming whenever this time of the year approaches on which it did really just that prove out that this market could really give out some patterns but it isnt something that could give out assurance that it would be happening on the future on precise manner.
Yes, we can make out those assumptions but not something that we can 100% rely on when it comes to fundamentals. This is why it would really be always wise that you should really be that making yourself
that versatile when it comes to investment decisions specially on Bitcoin.

Now that we are heading on Q1 of 2024 on which it would really be just few hours left for this year. We do already have those potential ETF approvals on which it might really be that pushing up
the market even more. Precision? there's no such thing about fundamentals on which we know that it could really changed out on point!

The wave is almost over and a lot of those who went on vacation will be preparing they return right about now and since the new year is just a few days away many of the market actions have already taken place and most of the time it crises are mostly pre Christmas and since there is already a wave in that direction where bitcoin is already not shown any sign of market pressure that could force a sell-off and rather the price of Bitcoin have rebrand a lot and for that, we tend to see them making ways to see more uptrend bitcoin market rather than the expected decline.

If you really do remember 2020, it was a decent year and I think the parallel to 2020 and 2024 will be quite similar as well. I know that 2020 wasn't the year we made all the big breakthroughs, that 68k didn't happen in 2020, so I think it will not be the biggest increase, it will definitely end up being something a bit similar but not quite the same, so we should be careful about it.

I understand that life is not all that simple and we need to make sure that we could make something change, and if we could do that then we could potentially make some money from it as well. I know that life is quite tough, and I know that we are going to end up with something that will not be easy to handle neither, but we should consider it as a possibility eventually. Just invest, and hold for the whole year, and if possible then you should hold for at least 1.5 years and see it break over the ATH price again, potentially maybe reach as high as 100k, before you even consider selling.

everyone hopes to be very optimistic about the bullish moment that will arrive and create a new ATH when the Halving occurs. now you just need to hold what you have bought and buy gradually when the correction occurs. Don't panic about the recent decline, this is a sign that Bitcoin is still refueling for the big bullish start that will occur. remains a diamond hand until a new ATH is reached.

You're correct, we'll continue the same way. We won't see Bitcoin falling in december as there's too many good news that'll be coming next year so many individuals aren't interested in selling. They're thinking about buying more Bitcoin as me and not thinking about selling. Any individuals selling their Bitcoin by this time don't know the importance of what they're holding. One of the two event you said is happening for sure, we already know Bitcoin halving is next year.

If spot Bitcoin ETF get approved that'll make the market more bullish and the price of Bitcoin will pump more but if it doesn't happen, the market will still be bullish but mightn't be very bullish for the starting of the year therefore selling in december will be a wrong move. Other years when it's december the market dumps but this year is different which is already showing us what we should be expecting for next year.

Arent these drops turns out to be an ordinary day when it comes to volatility of Bitcoin? Moving around -+2000 or even more increments arent really that a shocking situation, unless if you are completely new into this market
then you would really be having those kind of impressions but actually these are really just that an ordinary day into this market. When it comes to monthly situations and trying out to reflect those previous monthly periods and the past events that had happened then it would be normal that people would really be expecting that it might happen on the upcoming months to come on which its not really that shocking that they would really be assuming that the same thing will really be happening and this is why they do make out some preparation on the time that it would really be approaching.

We know that it is always been that best that you should really be that versatile on such case considering that this market is truly that unpredictable or something that cant really be known or random
then it would really be just that right on having that kind of approach whether you would really be seeing the different stuff or would be seeing the similar thing. There's no way that we could be able
to draw out conclusions and making those finalizations just because you have seen on what happened in the past.

It is difficult to know precisely about this, because the assumption of some people is that prices increase after the new year due to the impact of the halving which is getting closer. But it is also possible that there will be a price correction before the increase is seen again at the beginning of next year, so you just need to pay attention to how market conditions will play out in the next week on Bitcoin.

Everyone is expecting much better for Bitcoin next year, especially for those who have struggled long enough since last year to see better profits in the next year. This is indeed difficult to assume based on price predictions, but the potential for an increase due to the approaching halving is still there and has not disappeared so what many people are hoping for might happen at the beginning of next year.