Topic: Is it true that every end of the year so many Crypto-holders are rich? - page 15. (Read 1576 times)
May 20, 2018, 04:35:54 PM
I have been in crypto industry from last 3 years and it is a nice coincidence that each year last few months have been super bullish for the market, im expecting the history to repeat this year too and im hopeful this year will be massive for crypto market.
May 15, 2018, 10:28:30 AM
I think there are a lot of reasons for raising the price at the end of the year, but there are some of which you should know about. One of the reasons is fixing the price of futures. I saw a video in which a man told how this works and it really affects the increase. Ie, to fix the price of futures for bitcoins, the price is raised - fixed and then the course goes for 4 to 5 months, after fixing the profit and again this is repeated. This is one of the reasons.
May 15, 2018, 08:42:55 AM
If we always believe and do our best in crypto world that would be possible that at the end of the year many crypto holders are rich. There are lot of inspiring stories being heard and yes its true and high percentage of getting rich is possible if we are knowledegeable enough and be smart in everything we do.
May 15, 2018, 08:36:56 AM
This is a general phenomenon. It doesn't happen only on cryptocurrency, it happens everywhere. This is a period of festivals in which people need money to meet their wants. The price of commodities rise up in this period because of the demands. The price of bitcoin will also skyrocket in December because of high in demand and relatively low supply. This is just a simple logic of law of supply and demand and supply.
May 14, 2018, 06:36:38 PM
By the end of the year, the demand for investment has risen sharply, leading to a rise in the exchange rate of cryptos and a rapid recovery in the exchange rate. So those who put their trust in the market and hold up to that time, the profits will be huge. Though this is only true for crypto like BTC, ETH because this is like crypto hold for long-term, and altcoins with ICO Token then the rate will drop rapidly.
May 14, 2018, 06:32:41 PM
Its been 5 months now, since I joined cryptocurrency ,I've seen many ups and downs in Bitcoin Currency and Altcoins even in those Rank 2 to 100 in Coinmarketcap, but I just want to clarify why every end of the year starts in September then up to December Bitcoin fly high, any fundamental reason why does the value of Bitcoin and other currency go up?
A lot of stereotypes have arisen, like the one crypto year begins in September. These theories are partly accurate but not 100% accurate, like this about summer pump. People think summer is the best time to get money, in my opinion it is possible but it is not good as they think
Speaking about accuracy no one could really give the exact statement on how it can be justified. If you are going to analyze briefly the previous year's scenario in September, I think we'll too far for that because possibly in the middle months of the year we will hit our speculations and spectations. The market right now has three signs of roller coaster price dips and lastly it happened decreasing down at $8000 above. Right now we need to be more calm as the price being stabilized for a moment and slowly gains its momentum before successive price increase will show up, so every holders maybe rich soon.
May 14, 2018, 06:28:26 PM
Well, every Crypto-holder is waiting and hopping for the last run in December. We all have to have in mind that nothing is for sure in crypto and we should not be counting on that.
Indeed it's still very volatile and can fall any time.
May 14, 2018, 06:23:49 PM
Well, every Crypto-holder is waiting and hopping for the last run in December. We all have to have in mind that nothing is for sure in crypto and we should not be counting on that.
May 14, 2018, 06:13:15 PM
I think you can't really generalize. It depends on the trends, on the coins, amount holding, etc.
May 14, 2018, 06:00:40 PM
In my own observation its a yes because mostly of the altcoins and even bitcoin in the month of September to December increases so the people holding their altcoins or btc in a long time they will immediately sell it because of the value.That's why they getting rich in a couple of months.
May 14, 2018, 05:42:05 PM
Its been 5 months now, since I joined cryptocurrency ,I've seen many ups and downs in Bitcoin Currency and Altcoins even in those Rank 2 to 100 in Coinmarketcap, but I just want to clarify why every end of the year starts in September then up to December Bitcoin fly high, any fundamental reason why does the value of Bitcoin and other currency go up?
Same span of time in crypto world. Upon observing in cryptocurrency, specifically with bitcoin, a lot of investors who were actually holding it for a long time are getting rich. I have also read somewhere that december last year was a blast for bitcoin, and that possibly is the reason why at the end of the year, there is an increase of peoply gaining profits.
May 14, 2018, 05:08:40 PM
In the past, it was so. Every December there was a price increase.
But to tell you the truth over the past year, the number of investors has increased, and capitalization has also increased.
And I'm not talking about frenzied sharp growth, but talking about the average indicators of current investment. Proceeding from the fact that the variables have changed now it is difficult to predict something. Even ordinary growth in December.
But to tell you the truth over the past year, the number of investors has increased, and capitalization has also increased.
And I'm not talking about frenzied sharp growth, but talking about the average indicators of current investment. Proceeding from the fact that the variables have changed now it is difficult to predict something. Even ordinary growth in December.
May 14, 2018, 05:02:09 PM
Its been 5 months now, since I joined cryptocurrency ,I've seen many ups and downs in Bitcoin Currency and Altcoins even in those Rank 2 to 100 in Coinmarketcap, but I just want to clarify why every end of the year starts in September then up to December Bitcoin fly high, any fundamental reason why does the value of Bitcoin and other currency go up?
I think it's all a certain regularity, there is also such a version that in the summer everyone is resting and autumn begins to grow May 14, 2018, 04:53:20 PM
The reason that this is being said is because at the end of every year there seems to be a price hike and that is when a lot of investors sell and make money from their coins. Like we did with the last bull market, a lot of people did make a lot of money at the end of the year and at the beginning of the new year. Prices tend to go up during holidays
May 14, 2018, 04:29:07 PM
Its been 5 months now, since I joined cryptocurrency ,I've seen many ups and downs in Bitcoin Currency and Altcoins even in those Rank 2 to 100 in Coinmarketcap, but I just want to clarify why every end of the year starts in September then up to December Bitcoin fly high, any fundamental reason why does the value of Bitcoin and other currency go up?
A lot of stereotypes have arisen, like the one crypto year begins in September. These theories are partly accurate but not 100% accurate, like this about summer pump. People think summer is the best time to get money, in my opinion it is possible but it is not good as they think
May 14, 2018, 04:17:46 PM
Its been 5 months now, since I joined cryptocurrency ,I've seen many ups and downs in Bitcoin Currency and Altcoins even in those Rank 2 to 100 in Coinmarketcap, but I just want to clarify why every end of the year starts in September then up to December Bitcoin fly high, any fundamental reason why does the value of Bitcoin and other currency go up?
I am not an expert here but as i have observe during holidays specially Christmas season people usually dump their crypto for fiat because they want money to spend during that time. If you take advantage of this then you can gain profit by buying low and sell high. May 14, 2018, 04:11:21 PM
i was looking forward to know this things also, researched a bit, but willing to learn more. as our brothers are mentioned in the comments traders locking in profits that can be a huge reason.
May 13, 2018, 05:30:32 PM
...and as a secondary factor, new investors that got interested in cryptos because of all the media attention of the massive gains over the summer then see the price of all cryptos drop just before the end of year. They don't know the reason is just speculation/psycology and think something fundamental must be wrong - so they panic sell too. This creates a bigger downward spiral
(NB - this factor is to a much lessor extent as new investors generally don't put in so much $$ - but there are enough of them to make a difference)
(NB - this factor is to a much lessor extent as new investors generally don't put in so much $$ - but there are enough of them to make a difference)
May 13, 2018, 05:27:46 PM
In my experience end of the year (approx mid December) is typical to have a significant dump of coins due to traders locking in profits before the end of the year, people going on holiday and needing money, etc.
I have a slightly different opinion..,.
I don't think any of the big investors in cryptos (the whales; mostly companies and super rich individuals) invest more money than they can afford to lose and certainly don't need to withdraw their investment to pay their day-to-day expenses.
Instead, I think the market drops just because people expect it to.
The OP has only been in crypto a short time and he has already noticed this trend. So he, like many others, expect the market to drop at the end of the year. So he/she, like many others, will take some profits at this time and sell some of his holding. THIS causes the price to drop.
May 13, 2018, 04:35:42 PM
I can do my conclusions about 2017 year. Everything began on things by Segwit in bitcoin and ended bitcoin ATH 20k. That was year of big promotion from mass media. 2018 year it's year when big investors will go to market with legal rights.
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