Holiday Crisis - page 2. | Bitcointalksearch.org

Findingnemo

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Quote from: Gaaara on December 09, 2018, 12:09:43 AM

Quote from: bitbunnny on December 08, 2018, 03:41:33 PM

I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

I am pretty sure last year's November - December was the start of a big drop of the price, it was the time where bitcoin goes over $17,000 to $10,000 and later became stable at $7,000 to $5,000 it happens in early month of the year.

This year also people will be expecting the same so the one who are ready to invest the cryptos will be using this holiday season so this may change the condition upside down from the last year's scenario hopefully.

Gaaara

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Quote from: bitbunnny on December 08, 2018, 03:41:33 PM

I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

I am pretty sure last year's November - December was the start of a big drop of the price, it was the time where bitcoin goes over $17,000 to $10,000 and later became stable at $7,000 to $5,000 it happens in early month of the year.

Charlie3

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i dont think that all investors will do the same , i think this fall is because of panic as there is many decisions that are going with bitcoin due to panic investors dont want to risk there huge investments in risk

adaseb

legendary

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I don't agree with this analysis at all. People are not being forced to sell crypto just because they need to buy gifts. Instead they will most likely buy cheap valuable gifts instead of selling crypto.

The only time when people had to sell Crypto was maybe during tax time because they didn't want to buy a tax liability. In general the November-Dec period for crypto was always bullish, this is maybe the 2nd time it was a bearish season.

rodskee

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Quote from: Gaaara on December 08, 2018, 03:29:51 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.

Perfect analysis mate people converting bitcoin into fiat because they need to buy gift for the holiday season
But not its means have an big affect of btcoin drop my reason is even nithing holiday price is still remain same
And continue to go down the value.

1Referee

legendary

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Delusion. That's what it is called when people search for excuses as to why the price is going down, because you clearly ignore what's actually happening. The same delusion I saw on Reddit last year where people were desperately trying to justify the drop in price to comfort themselves. Holiday sales it were, at least according to these people. Right, $20,000 to $6000 because of holiday sales. Roll Eyes

Quote from: Gaaara on December 08, 2018, 03:29:51 PM

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's simple. Buy the market down and your averages will come down with it, which will preserve much more of your dollar value and help you break even faster. Better than doing nothing.

mutrang23

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Quote from: Gaaara on December 08, 2018, 03:29:51 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.

Is this the only holiday that takes place in this moment? The Christmas and New Year holidays will also take place in the coming months so the market will continue to fall. This is one of the long-term holidays, and the upcoming bitcoin still falls.

Xardasim

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There is a possible truth in what you said. But on Black Friday when everyone waited for a price drop we saw the opposite. So there was no big effect. I know there is a big difference between these celebrations. But we all know how different the crypto world is and what can happen.

posi

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Quote from: Gaaara on December 08, 2018, 03:29:51 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 respect what you said and i'm afraid you're totally right with your analysis because there are some occasion in the crypto currency market which dump are inevitable and this is the method I also used to predicted the down trend of the crypto which happened last month. But, some crypto traders and investors usually ignore those occasion.

bitbunnny

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I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

Gaaara

hero member

Activity: 1106

Merit: 501

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.

Topic: Holiday Crisis - page 2. (Read 368 times)