How does the end of the year affects the price of the bitcoin?

Cranidos

full member

Activity: 140

Merit: 100

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

Based from the trends on the previous years, Bitcoin increase in price as the end of the year approaches. Maybe because people have many money due to holiday bonuses or whatsoever, so I think that the price will go up as we go closer on the end of this year. I just hope that the increase will continue Grin

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

it's kinda funny how it goes, as historically bitcoin has has nice rises during the holidays Xmas season, yet personally i always thought people would be SELLING more right now to pay for FIAT stuff, bills, xmas, etc ;p
Maybe some go into horde mode during this season Cheesy

or maybe some GIVE BTC as a gift and thats why, who knows, the free market BTC has is impossible to predict imo

Willitivity

sr. member

Activity: 1190

Merit: 256

As with every festive season and end of the year, people will tend to pull out their funds from Bitcoin to spend it during the holiday.
The price might fall a little bit.

soy

legendary

Activity: 1428

Merit: 1013

Case to follow closely... Usually with Christmas and New Year's Eve, people tend to save money, so it's just as much money that won't be injected into the market. Especially since the roadmap of many alt really start at Q1 2018, the opportunity for many to invest also. In short, even if logic dictates that the bitcoin should continue on its course, there will no doubt be some upheavals!

Irvinn

full member

Activity: 966

Merit: 104

I think that at the end of the year, the price may rise for some time and more than once will surprise us with its high rate. However, before the New Year, he will jump in price. because it will have various opposite in importance to the factors. In general, it will continue to grow, since there are no factors that inhibit its growth.

tamawaelah

member

Activity: 87

Merit: 10

trading for living

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

perhaps i had different view in bitcoin for the end of the year, because in last 5 month the price reach and hit ATH so i guess this is time to take profit for some or many investors. The reason is, time to savings an assets and take holidays for a while.
there some event will up until march,
that will affect the price of bitcoin, so we do hope not sudden price move Undecided

soham

sr. member

Activity: 406

Merit: 250

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

Being a decentralized asset, bitcoin doesn't have an accounting year. So I don't think there is any effect of year end on bitcoin's price. The current increase in price is mainly fueled by the upcoming fork where segwit 2x will be distributed for free of cost to the bitcoin holders. Free distribution of 2x means free money and who doesn't like free money? Especially with the bitcoin community supporting the segwit 2X, we can assume that it will be traded at a higher price that previous two forks. So people are accumulating bitcoins for the free money. No effect of year end.

Vladv26

full member

Activity: 326

Merit: 103

OrangeFren.com

Bitcoin price have fluctuations on the end of the year because people either sell their bitcoin to have money for Christmas or for the new year or thats the moment they calculate their annual profit,either people buy bitcoin because a new year starts and they want to have investments for the whole year. Thats why the price fluctuates at the end of the year

Also the people are expecting that price will decrease so they sell their bitcoin and wait until next year comes and they immediately buy

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

When holiday season starts to come people got more money from different sources. And in the way of thinking that its fine to spend more cash on everything but on these years people are starting to be more wise on how they'll be spending their money for better money handling decisions so investment instead of wants. And they start to out it on bitcoin so it affects bitcoin's price,IMO.

eckmar

legendary

Activity: 1878

Merit: 1038

Telegram: https://t.me/eckmar

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

Charts have shown that usually in that time of the year a lot of people cash out with their yearly profits so price goes down a few percents but nothing major. That would be a good time for short term traders to buy.

McKane

sr. member

Activity: 350

Merit: 250

IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.

Quote from: davis196 on November 02, 2017, 07:25:25 AM

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

I expect the bitcoin price to reach another historical peak during December.Every Christmass and every new year is the best time to increase the bitcoin demand and buy new bitcoins.Perhaps this has something to do with all the Christmass and New year shopping and with services like purse.io,that allow people to buy stuff from Amazon using their bitcoins.

There is no effects on Bitcoins by anything because no one and nothing can affect the bitcoins because the bitcoins is the most safest way to earn money the end of the year has no negative effect on bitcoins because we know that the price of the bitcoins is increasing rapidly and no one can stop it so there is no effect of the end of the year on bitcoins so it does not matter what the time is but you should just focus on buying more and more Bitcoins.

davis196

hero member

Activity: 3192

Merit: 939

Quote from: JunoCoin on November 02, 2017, 07:04:26 AM

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

I expect the bitcoin price to reach another historical peak during December.Every Christmass and every new year is the best time to increase the bitcoin demand and buy new bitcoins.Perhaps this has something to do with all the Christmass and New year shopping and with services like purse.io,that allow people to buy stuff from Amazon using their bitcoins.

JunoCoin

member

Activity: 64

Merit: 10

As the end of the year approaches do you notice or do you expect any influence on the price of the Bitcoin?

Topic: How does the end of the year affects the price of the bitcoin? (Read 232 times)