Holiday Crisis | Bitcointalksearch.org

gabmen

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Quote from: marcbitcoins on December 14, 2018, 12:53:48 AM

With this statements, do we expect more Bitcoin crashes before this year will end? I hope not as what is the point of selling it low just to enjoy the holidays? Hopefully that mostly will just hold as next year might be really different from this year as many expected that 2019 its a brand new year for the Bitcoin users towards prosperity.

Exactly. It doesn't make any sense to sell now even if you're panicking. I'm sure at this point, our portfolios are more than 50 percent down, at least. Selling just because of the holiday doesn't seem to be a logical idea considering the losses you're going to have.

tosmartak

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Quote from: wuvdoll on December 10, 2018, 02:22:16 AM

When the prices dropped after Bitcoin cash war we said it was due to thousands of bitcoin being sold by someone and that caused the price to drop very quickly. When the price dropped afterwards we said black Friday and the insane discounts caused people to sell their coins and get those items for cheap. Now that bitcoin is dropping again we are saying that the holiday season is in and people are selling their bitcoins and altcoins to cover for the expenses.

I am sorry but I am not buying it anymore, last year on December and late November bitcoin went up historically and made a $20k run, that was a holiday season as well, holidays doesn't justify the drop in the price anymore. I fully believe that people are losing their interest and hopes for bitcoin and that is the biggest reason for falling.

Well, that is a market for you and logically, speculations is one of the things we cannot avoid. Like I always say, people will never stop seeing excuses to give to the reason why the market is behaving in certain ways, which is something I have seen over the years with human nature anyway, we always tend to find something to blame for everything. Call it whatever, we are in a downtrend, and until we hit the rock bottom and we get to see the market switch to a new trend with a higher high and higher low, then, nothing has changed.

marcbitcoins

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With this statements, do we expect more Bitcoin crashes before this year will end? I hope not as what is the point of selling it low just to enjoy the holidays? Hopefully that mostly will just hold as next year might be really different from this year as many expected that 2019 its a brand new year for the Bitcoin users towards prosperity.

eaglewhite80

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Well, whether we want to call it holiday crisis or we want to refer to it as BER month issues, the thing is the market will always do whatever it wants to do. We have been in a downtrend since the beginning of the year, and there is possibility we might see the continuation until next year, contrary to the complete bullish year we had last year, but it is what it is. The market is giving an opportunity to buy, so we will surely be buying.

Indrawan77

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Although I dont encourage selling, especially in the bear market, but what you mention makes a perfect sense, each investor got a different strategy, price to sell and using a different technical analysis, so its acceptable if they want to take profit or cutloss, afterall the purpose of the trading is to make profit

Joand_or

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Quote from: bravehearth0319 on December 10, 2018, 03:06:45 AM

Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

Exactly, and do take a break for Christmas if you are tired of the market. No hope looks high for December and I think the market will revive only when the forces in the market gets balanced.

untugede

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Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

yes, that is a very confusing position, of course, with the market price situation that has occurred throughout 2018, for example, we sell what we have now, we share a reduction in crypto prices, and for example we do not sell our losses will also be greater , and we just hope the market will grow fast again, but it is very difficult if we look at current market price movements, but if suddenly there will be a price increase that we have never thought about before, everyone will never know that too.

DarkBullet

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I remember the time when bitcoin reaches an all time high and was dumped before Christmas where it continues as of today so I agree with your statement. There could be a possibility of a price dump for cryptocurrency before the year ends but who knows? Everything happens surprisingly. There are too many "what ifs" in most investors and don't wanted to miss that opportunity so I believe that they prefer to hold it than selling it before 2019. I also thinks the same way because we will never know when will we see this altcoins at a sale price again when bitcoin surpasses $20,000. Bitcoin ETF is coming to town.

panganib999

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Quote from: bravehearth0319 on December 10, 2018, 03:06:45 AM

Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

I do also believe that 2019 will going to be the year of crypto bounce in terms of price since the last quarter of this 2018 sucks at the moment although its 2 weeks more before come to end. Holding coins is a must now when you don't want to lose and hope for another time but if there are circumstances that will force you to withdraw from crypto then go.

bravehearth0319

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Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

Hivalley

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Judging by what you say,its either those selling off their assets to celebrate the festive season were either living cashless all year long or need a mammoth amount to probably buy the Eiffel Tower to celebrate Xmas
Let's for a minute stop trying to make excuses were there are none,you may be a certain % correct with your analysis,but it's backed up with no fact.

The truth still remains no one can actually be sure of what causes a rise or fall,so it's definitely wise to invest with little money that'll enable you hodl till the time is right to sell

wuvdoll

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When the prices dropped after Bitcoin cash war we said it was due to thousands of bitcoin being sold by someone and that caused the price to drop very quickly. When the price dropped afterwards we said black Friday and the insane discounts caused people to sell their coins and get those items for cheap. Now that bitcoin is dropping again we are saying that the holiday season is in and people are selling their bitcoins and altcoins to cover for the expenses.

I am sorry but I am not buying it anymore, last year on December and late November bitcoin went up historically and made a $20k run, that was a holiday season as well, holidays doesn't justify the drop in the price anymore. I fully believe that people are losing their interest and hopes for bitcoin and that is the biggest reason for falling.

lenovop-70

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Well yes that possibly will happen, but are we should think about crypto to crypto transaction to buy some christmas end year gift ?
Most merchant make it possible now in most big continent Huh

If it possible, may i ask, is that will make crypto or BTC fall because people sell their BTC to BTC to buy gift ?
I mean, people can get their stuff without change it to FIAT Huh

I am sorry maybe my question make confuse, im sorry for my bad english Sad

Transformbitz

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Apparently the market is volatile and manipulated by the government I am not convince that the market is going bullish this month even though Christmas should be on green market and expecting a bull run end of this year and so. but then i'm holding my patience of course.

arpon11

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Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

But last year this did not happened! The BER months was the most favourable months and even the year before. Investors really make money last year and some of us that participated in one campaigns or the other, also make money that last year in September to December. I think this year situations are quite different and there are many factors why the market was down. Cryptocurrencies market was attacked and that is why it lost balance since January till now.

The Sceptical Chymist

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There's kind of the same theory in the stock market as the one OP mentioned, except it's that people tend to sell at the very end of the year for tax purposes. I'm not sure how predictable it is, but for the most part it does seem to have some merit.

We had a thread just like this one last year around this time, and there was probably at least one like this the year before. OP could be right that people need fiat during the holidays, or it could be for tax purposes (probably not, though), or it could very well be that bitcoin is just getting slammed because of unknown reasons. If I'm not mistaken, the price was a lot higher last December and bitcoin has been taking a hit all throughout 2018, so this really isn't an end-of-the-year phenomenon--it's a genuine downward trend we're in.

2018 sucked, so let's let it go with a blown kiss and a wave goodbye. Let us clink our glasses together in a toast to a better year in 2019. Cheers.

Yaunfitda

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What can you do? Its Holiday already and people need some money to buy gifts and make this season very memorable so sooner or later some of them would have to sell some of their coins.

I agree that we shouldn't joined the sell-off today, but just like we have said, invest what you can afford to lose so that you won't bother with your investment. But I can't blame people selling because of the holiday season.

Capt00

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That was also possible happen to cash out their crypto asset and convert to fiat, I think we could not generalized the current situation there are some holders that can afford to buy a gift without converting cash their crypto holding. I also noticed that most likely Q4 2nd week to 4-week peoples need a money to spend at this Christmas season and the new years come.
But, if I were them I'll not sacrifice my savings on crypto and accept my losses on one occasion, better to HODL.

gabmen

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Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

I don't think that applies in this situation though. Yeah normally the price dips during the last 2 weeks of december due to people cashing out for the holidays, but if the market is like this and people are down 70-80%, and they're hoping for a recovery, i doubt they'll be selling that much this time.

charlotte04

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Quote from: Gaaara on December 08, 2018, 02:29:51 PM

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

It has nothing to do with the Holidays for this crisis for crypto. This is all about the things that happened inside the market.

Topic: Holiday Crisis (Read 389 times)