Is it worth it to trade bitcoin over the holidays -- Christmas and New Year?

gkv9

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Quote from: Cusdonard on January 11, 2016, 05:12:44 AM

Quote from: Decoded on December 21, 2015, 01:57:39 AM

There will be alot of volatility during christmas. Hopefully for the better, though.

It will be highly lucrative, but it's really risky. Read up, and stay safe, and you'll be a very, very rich man/woman. :3

The volatility of bitcoin is quite low in historical terms. The price is around $440 for about a month now. I do not think the Chinese New Year will affect the price a lot.

We were not talking about "CHINESE" New Year, but New Year which everyone celebrates...
I hate when people just talk "CHINESE" all the time... Wink

Why are we all here if we are to discuss them only most of the time???
They are not the only reason why Bitcoins are successful, we are also a big part of it...

Cusdonard

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Quote from: Decoded on December 21, 2015, 01:57:39 AM

There will be alot of volatility during christmas. Hopefully for the better, though.

It will be highly lucrative, but it's really risky. Read up, and stay safe, and you'll be a very, very rich man/woman. :3

The volatility of bitcoin is quite low in historical terms. The price is around $440 for about a month now. I do not think the Chinese New Year will affect the price a lot.

bitlancr

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To me it would depend on what the value of bitcoin is during Christmas and New years. I'm not too worried about it until bitcoin reaches $1000.
I won't sell below that price, so until then it doesn't really matter to me what the price is. The bitcoin market comes with it's highs and lows. I'm trying to ignore the lows, and if I can, I'll buy with the lows.

Decoded

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There will be alot of volatility during christmas. Hopefully for the better, though.

It will be highly lucrative, but it's really risky. Read up, and stay safe, and you'll be a very, very rich man/woman. :3

zodiac3011

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yes it is totally worth to trade some over the holiday because things will go wild these day which are great chances for traders to make some. At the moment, the price of bitcoin is decreasing fast so you had better buy some now

bitgolden

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Quote from: steveds on December 19, 2015, 02:27:54 AM

Cannot agree to any of the opinions here cause you wont be spending 24x7 with family even if you leave the trading and else and neither you should spend a lot of time on it while on vacation or holidays.
lowering the effort could be the best option ,like a couple of hours a day .

Yes, I don’t think this year $500 must be very good price for bitcoin. Now itself bitcoin is in it's better price. Instead of waiting for higher prices, you should spend the time with your family, rather than trading Bitcoin. Holidays are the best time to spend with your family.

richardsNY

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During Christmas and new year there will be less trading for obvious reasons, but the hardcore traders who are trading every day won't stop at these days or do a bit more easy trading. They just see profits. Thin volumes will make it easier to manipulate the market.

coinplus

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Quote from: cluit on December 19, 2015, 01:08:09 AM

Quote from: gkv9 on December 18, 2015, 09:24:06 AM

Disregard of the volume, I had already decided to join the community on trading the markets this year as Bitcoins have been famous for its volatility, and this year we are witnessing the same again, so don't want to miss on this... Wink

During holidays the price and value of bitcoin do increase. if you spend the time trading Bitcoin you are doing it for your family, so I think is a good idea to trade Bitcoin during holidays. But trading in the time of festivals will make your family members to feel frustrated.

It is probably a good idea, you will make profit out of it. Holidays are the best time for making trades, and bitcoin will surely rise in value due to less volume of traders. I have watched on Sundays price go high. But I have not tried to trade as I do not get any trading calls on Sunday.

steveds

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Cannot agree to any of the opinions here cause you wont be spending 24x7 with family even if you leave the trading and else and neither you should spend a lot of time on it while on vacation or holidays.
lowering the effort could be the best option ,like a couple of hours a day .

cluit

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Quote from: gkv9 on December 18, 2015, 09:24:06 AM

Disregard of the volume, I had already decided to join the community on trading the markets this year as Bitcoins have been famous for its volatility, and this year we are witnessing the same again, so don't want to miss on this... Wink

During holidays the price and value of bitcoin do increase. if you spend the time trading Bitcoin you are doing it for your family, so I think is a good idea to trade Bitcoin during holidays. But trading in the time of festivals will make your family members to feel frustrated.

Supercrypt

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Quote from: LuckyYOU on December 18, 2015, 09:38:18 AM

Quote from: 7788bitcoin on December 18, 2015, 04:33:58 AM

To me family is more important so I will be away from my computer most of the time. But will definitely check the price on mobile once awhile...

Enjoy the festive season and all the best to everyone!

Same to you as well!

I will be doing the same thing, I'm holding for the long run anyway and I don't think we'll hit $1000 before the years ends so I would rather enjoy the time I got with my family.

Families are so important in my opinion, so you should try to spend time with your families, rather than trading Bitcoin.What ever price that bitcoin will get in next few days, you must spend some bitcoin for family.
I read many people awaiting for bigger price of bitcoin for celebration, if not hitting bigger price they are saying they will postpone the celebration to next year. That's not good idea in my view.

ultimatesky

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I won't be abandoning my family this Christmas over a couple of bitcoins. I'm not selling until I see a solid $1500
Which will definitely be a long while so I got nothing to worry about for now. I will be enjoying my Christmas with my family which you all should be doing as well.

Merry Christmas to all!

LuckyYOU

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Quote from: 7788bitcoin on December 18, 2015, 04:33:58 AM

To me family is more important so I will be away from my computer most of the time. But will definitely check the price on mobile once awhile...

Enjoy the festive season and all the best to everyone!

Same to you as well!

I will be doing the same thing, I'm holding for the long run anyway and I don't think we'll hit $1000 before the years ends so I would rather enjoy the time I got with my family.

gkv9

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Disregard of the volume, I had already decided to join the community on trading the markets this year as Bitcoins have been famous for its volatility, and this year we are witnessing the same again, so don't want to miss on this... Wink

CryptoBjorn

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If you can make profits off the amount that bitcoin will be worth around Christmas, go for it. I wouldn't sell everything though.
It's best to maybe make a little bit of profit off some bitcoins and save the rest of them.
I personally am not going to sell, I'm waiting until bitcoin will reach $1000

bitcoin-hunter

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I think is worth to do with profit you make a lot of profit.
But is your choice to do so. You can trade maybe 50% of your bitcoin and another 50% to hold it.

Denker

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You will get so many different answers here regarding this.
I myself thought we would go down around this time.But until today it doesn't look like that.Next week is christmas and the price was growing and is moving stable right now.
If you speculate for a dump I see this really risky at the moment.It could happen, but it would happen quick and unexpected.Not sure how fast you can react to that.
Or maybe we will stay where we are now and continue rising in january.

1Referee

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Quote from: ThunderThomas on December 18, 2015, 06:17:51 AM

I don't think it's worth to trade or sell when the price is below $1000. I know some people do it because they want to make quick profits and buy again when the price drops again.
I'm more of a patience person, I would rather wait until bitcoin reaches $1000 and then sell a part of my bitcoins and then when the price drops I will be able to buy again.

Traders make thousands/ten thoudsands of dollars worth of profit per month with the current volatility, and you say it's not worth to trade Bitcoin when the price is below $1000? The price doesn't matter. People are always able to make profits.

medUSA

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OP has a point, there were large fluctuations after Christmas in 2013 and 2014. If this year follows the same pattern, profits could be made from high frequency trading. However, I believe bitcoin is different in 2015, the run up to Christmas this year is so different from past years, it would be difficult to guestimate a high and a low. Could get burnt if prices keep going up.

IMO, I would rather spend time with my family and leave bitcoin trading out of it Grin

Amph

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if you see big dump after a pump why not, it's only a good opportunity for more profit no matter if there are festivity if the price is good or bad

but right now it seems that we are stable, and we will move up, better to wait i think, the dump will not happen at this point

Topic: Is it worth it to trade bitcoin over the holidays -- Christmas and New Year? (Read 1362 times)