Topic: Is it worth it to trade bitcoin over the holidays -- Christmas and New Year? (Read 1340 times)

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

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.

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.

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

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

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.

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.

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.

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 .

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.

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.

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!

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.

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...

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

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.

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.

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.

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  

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

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.

Well if you think that is price enough for you to trade in the Holidays that do it.
If not just save it until bitcoins go higher to 1000 dollars. You should just trade some of your bitcoins and at least have 1 bitcoins for 2016.

Indeed this is the best time of the year to spend or trade Bitcoin because value of Bitcoin is at its peak and may go down after new year so it's a good opportunity to use your Bitcoin now and make your festive season more awesome.

For now, it doesn't matter to me what the price will be around Christmas. It will only matter to me if the value goes above $1000 which I doubt will happen this Christmas.

Until then I'll be holding onto my bitcoins. When bitcoin reaches $1000, is when I really start to make profits out of really not doing anything.

Volumes will probably be lower during Xmas, especially on the exchanges with more Western clients.
When volumes are low, it doesn't take much to move the market, so we might get some sudden movements in price.

It's the time of the year again. I think many people will be on holiday and have more time for bitcoin. It will definitely be a busy time for the exchanges.

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!

I think this is a good season to trade Bitcoin, so use the opportunity

I think it is OK to trade a small percentage of your coins and hold most. It is better to enjoy the holiday period.

I'm in it for the long run as well so for now I would be holding at this time. If it goes down I might have a chance to buy some bitcoins.
So for now I won't trade unless the value of bitcoin will reach over $1000

If it grows and you have paid bitcoin at 300 dollars so I think it is worth.
If I was you I would just hold it for 2016, because I think the price there will be much higher.

Im in it for the long run, need to hodl them coins. Knowingmy luck i willl try trading and sell them all on a massive uptrend and miss out on the good stuff.

Mining is now worth it even MH/s... Hope it rise 1200 dollars/BTC

From the web: http://www.bitcoinfuturesguide.com/bitcoin-blog/is-it-worth-it-to-trade-bitcoin-over-the-holidays-christmas-and-new-year



It's holiday season here in the West and you might be wondering: "Should I spend time with my family, or should I trade bitcoin?"

We thought the same thing, so we looked at how the Christmas->New Year price and volume action were on the exchanges in 2013 and 2014.

2013

This was of course the most epic pump we ever had after reaching $100. There was  10-fold increase in price as we skyrocketed above $1,000. So, let's look at the chart from Bitfinex for that time:

So Christmas season was generally bullish in 2013 here. Volume looked a little lower than normal on actual Christmas days and up to New Year's Day.
China we see the same from OKCoin:

On this chart we get a much better appreciation for the volume difference over Christmas days. It basically went completely dead -- however, we had modest price increases too. So even if volume is thin, which may mean wider than normal spreads, there is action to be had if we get a repeat of 2013.

2014

Last year in Christmas was when bitcoin was a bit more mature, we had come down from the all-time-highs (ATHs) and were in a bear market. So note that when you see this chart from the holiday times last year:

Here we see volume dead relative to the preceding and following action. But we were in a bear market so the dynamics were a lot different.
OKCoin chart from last year shows similar:

Again we see price is making moves during these Christmas and New Year days, albeit on low volume.

So if the past couple years are any indication, there's money to be made trading on price movements over the holidays, even when it feels like the whole world is spending time away not working and with family.

The choice is clear: disregard your family this Christmas and focus on the charts, because you do not want to miss any opportunities in the bitcoin markets.