This march hasn't been "that" different, I am sure it was alright for many of us, it was around 47k or something like that if my memory serves right and now we are nearly at 60k so we can say that we did increased a lot and I am quite happy about that. But I do not think that we have increased as much as some of the previous months, plus this was a recovery as well, we were already doing great at 58k until we dropped to 43k, so it was just a recovery.
It is still great though, I am not complaining because I am quite happy about the increases, I just do not think that it is as much as many people suggest. In the end if we keep this increases going for April and may as well, this summer will be amazing and we may end up with something incredible, like maybe reach 100k and even 150k depending on how long this bull run could continue.
Topic: March has always been best month for BTC with 30% gains the last years (Read 237 times)
April 02, 2021, 02:14:06 PM
April 02, 2021, 12:32:31 PM
Here is the history for Bitcoin monthly returns since the year 2011.
For me, March is the worst, bloody March, if you look at the data, only 3 out of 11 March is the positive return for Bitcoin.
I am much excited for this month which is April which became a correction month for bloody March in previous years.
It's nice when people are able to put even a bit of effort into their posts, as the OP clearly did not do when coming up with the premise for this thread. You however have posted something that is very interesting and is quite an eye opener. I guess the March just gone was rather an anomaly, however it is hard to extrapolate anything useful out of 10 years worth of data. The repeated actions of the 12 months over a period of 10 years could simply be random coincidence, it will be slightly more useful once we have 50 or even a hundred years worth of data to look back on. Quantum computing might make Bitcoin obsolete by that point, however it would be making most banking security systems in their current form obsolete too.
April 02, 2021, 12:12:34 PM
Its all relative, the month itself might be bad but if you can buy into the lowest price in a bad month you will still a gain to the highest price overall. It seems smartest overall to be a buyer in the most negative month, so long as price action is positive in other months of the year then the chances are higher of a gain.
April 02, 2021, 01:09:25 AM
You should have bought it a few months ago when it has dropped to $30k when everyone had thought that it will continue to plunge to $10k-20k but it didn't.
March has passed and that changed the perspective of everyone because many are still looking at the past years month of March.
March has passed and that changed the perspective of everyone because many are still looking at the past years month of March.
April 02, 2021, 01:04:57 AM
Here is the history for Bitcoin monthly returns since the year 2011.
For me, March is the worst, bloody March, if you look at the data, only 3 out of 11 March is the positive return for Bitcoin.
I am much excited for this month which is April which became a correction month for bloody March in previous years.
i have seen this chart before and indeed April is in fact one of the best months
historically for Bitcoin growth. April also ties in with PlanB's stock to flow model
and April will be the stepping stone for the next jump closer to $100,000 after the
break in March.
PlanB on Twitter
If history is any guidance and #bitcoin continues it's current trajectory, BTC could be $100K somewhere between April and September
What is the OP thinking by calling March a good month to buy . . . on the last day of the month?
April 01, 2021, 10:32:07 PM
Here is the history for Bitcoin monthly returns since the year 2011.
For me, March is the worst, bloody March, if you look at the data, only 3 out of 11 March is the positive return for Bitcoin.
I am much excited for this month which is April which became a correction month for bloody March in previous years.
April 01, 2021, 09:48:55 PM
Every month its getting bigger but it should have been a great time to buy during the time when its price dip to $3000.
The chart for April is green though, it could change to red in the middle of the month. The price had already reached its peak by looking at its RSI. Could the price could go this far only?
The chart for April is green though, it could change to red in the middle of the month. The price had already reached its peak by looking at its RSI. Could the price could go this far only?
April 01, 2021, 09:33:34 PM
Hmmm 30% growth in April? not sure if we can repeat that performance, as the price goes up, the growth might slow down a bit.
So I'm not sure if this is possible in April, unless there is really some good news that will make another FOMO. A healthy 5%-10% is not that bad every month, will take it anytime. There is also that trend that at least in a month, we have seen the price going down as high as 26%. I think that's something to look at first before a 30% gains.
So I'm not sure if this is possible in April, unless there is really some good news that will make another FOMO. A healthy 5%-10% is not that bad every month, will take it anytime. There is also that trend that at least in a month, we have seen the price going down as high as 26%. I think that's something to look at first before a 30% gains.
April 01, 2021, 10:50:47 AM
for as long as i have been visiting bitcointalk people have been trying to come up with a relationship between bitcoin price and time and the worst part is that there is none.
i have heard end of the week dump or pump.
end of the year dump
dump or pump in various months including March, April, December,...
tax day (the deadline to file and pay taxes) dump!
and all kinds of crazy things. and to this day i have never seen any correlation apart from sometimes they get lucky and coincidentally the price moves in their expected direction.
if you think about it you can never come up with any logical explanation why bitcoin should rise or fall in a certain time like month of March!
i have heard end of the week dump or pump.
end of the year dump
dump or pump in various months including March, April, December,...
tax day (the deadline to file and pay taxes) dump!
and all kinds of crazy things. and to this day i have never seen any correlation apart from sometimes they get lucky and coincidentally the price moves in their expected direction.
if you think about it you can never come up with any logical explanation why bitcoin should rise or fall in a certain time like month of March!
April 01, 2021, 09:23:07 AM
I don't believe that a repetition must occur in bitcoin this time. But I also don't believe on any month to favour bitcoin and if I should, I could talk about the December month. The December for the year 2017 was good and I believe last December too.
Why I won't look at repetition this time is that everything is different now with bitcoin market. There are different contributing factors now that made bitcoin increase in price and made it popular , that were not there in the past.
We need the information that bitcoin has already bulled since it went pass the last ATH in 2017. Maybe we expect more volatility this April if you say so.
Why I won't look at repetition this time is that everything is different now with bitcoin market. There are different contributing factors now that made bitcoin increase in price and made it popular , that were not there in the past.
We need the information that bitcoin has already bulled since it went pass the last ATH in 2017. Maybe we expect more volatility this April if you say so.
April 01, 2021, 09:10:33 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Not its not. if we do try to look on what happened in the past but for long term speaking then we definitely able to grow but Might be time to buy
try to read up these articles.
https://coinmarketcap.com/headlines/news/why-march-is-the-bloodiest-month-in-bitcoin-history/
https://www.newsbtc.com/analysis/btc/why-march-is-the-bloodiest-month-in-bitcoin-history/
Based on these articles we are moving in a different direction, March is perceived as a bloody month of the market in the past, but this time it's very different we have reached a lot of milestones and have set new all-time high many times, so OP observation is wrong, he should not used the word always, because the data in the past shows differently.
April 01, 2021, 08:40:03 AM
It is very likely that it was like that, but I think that this month of April we can see a new ATH and may come to $ 100k, institutional investment is increasingly entering.
source: https://cointelegraph.com/news/bitcoin-closes-six-monthly-green-candles-for-the-first-time-since-2013
It is very likely that the patterns will be repeated, it would be a matter of waiting, the circumstances in 2021 are very different from previous years.
Quote
In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.
source: https://cointelegraph.com/news/bitcoin-closes-six-monthly-green-candles-for-the-first-time-since-2013
It is very likely that the patterns will be repeated, it would be a matter of waiting, the circumstances in 2021 are very different from previous years.
April 01, 2021, 08:30:31 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Really? I just hope that will happen this month.Might be time to buy
Yes, bitcoin is back to $59k, and I hope it will break $60k this week or next week. If that so, the chance for bitcoin to increase higher will happen soon.
But before the price can back more than $60k, we need to be patient and not panic if, before that happens, we see the price is down again because the bitcoin will have volatility.
So it is better to prepare for anything that can happen to bitcoin.
April 01, 2021, 07:41:28 AM
Yes, most probably he meant April.
It's probably that this is the tax month, and after everything has settled down, investors started to pour in their cash again, re-invest on bitcoin. So let's see how it goes, we are starting this month at almost $60k. And we have more time to push it to $65k-$70k, so let's see how it goes this 2021.
It's probably that this is the tax month, and after everything has settled down, investors started to pour in their cash again, re-invest on bitcoin. So let's see how it goes, we are starting this month at almost $60k. And we have more time to push it to $65k-$70k, so let's see how it goes this 2021.
April 01, 2021, 06:33:03 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Might be time to buy
Maybe it's good to buy those promising altcoins before deciding on bitcoin while it's price has not yet saturated. If you happen to buy today, we may encounter sudden drop after when we bought at a wrong time. Diversions on other asset can be a good alternative, just to avoid and keep your funds at safer zone.
Looking the way 2020 has turned out thing for crypto space and bitcoin particularly the growth in near future is inevitable. Only thing you should be having those coins when the price just surges in a quick time to make profits out of it. Keep buying is the mantra now on the dips and look for opportunity whenever you can get them at littler lesser price as it will boom in coming years and the current price would just be a too little when we look back couple of years later down the line.
April 01, 2021, 06:24:22 AM
Yup, OP definitely meant April and I remember this time last year too the headlines were reminding us all of that, though for the life of me can't recall 2018/19 Aprils (hunkering down for long-term hold is why).
Still shy of 60000 mark as it stands, but I do see strong moves from alts. Could be people using BTC on exchanges to buy up alts instead of selling?
Still shy of 60000 mark as it stands, but I do see strong moves from alts. Could be people using BTC on exchanges to buy up alts instead of selling?
April 01, 2021, 04:52:20 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Might be time to buy
Maybe it's good to buy those promising altcoins before deciding on bitcoin while it's price has not yet saturated. If you happen to buy today, we may encounter sudden drop after when we bought at a wrong time. Diversions on other asset can be a good alternative, just to avoid and keep your funds at safer zone.
April 01, 2021, 02:29:15 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Might be time to buy
We need to wait about 11 months in order for us to achieve these profits.
Bitcoin volatility is not related to specific dates but rather timeframes during which the price changes up and down.
Many people monitor the price in 4-year cycles, but it is wrong to describe a particular month as the best for Bitcoin while ignoring the rest of the factors.
If any historical models supporting this hypothesis, then it is a coincidence.
March 31, 2021, 11:17:34 PM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
But we are at April now so this is not march already ..Might be time to buy
But talking about Months that brings best to Bitcoin ? it is always December mate , and just continuation happens at march.
But lets find Out what will happen as the 2nd quarter is starting now, Any Plans of having good days for this one? or just like what we had last 3 months?
March 31, 2021, 11:11:18 PM
He made a typo, he meant April most likely. I think BTC usually in April has a good month. There was maybe two Aprils in the past which were like -~4% or so, so pretty much flat. However most of the other Aprils were very bullish.
However keep this with a grain of salt. The same was said about Novembers. Prior to Nov 2018, everybody was expecting November to be a very bullish month because it never in the past had a negative %'s. So that's why people went all crazy longing BTC at $6K only to get liquidated at $3K when it broke support the following month.
So don't take these monthly predictions too seriously.
However keep this with a grain of salt. The same was said about Novembers. Prior to Nov 2018, everybody was expecting November to be a very bullish month because it never in the past had a negative %'s. So that's why people went all crazy longing BTC at $6K only to get liquidated at $3K when it broke support the following month.
So don't take these monthly predictions too seriously.
March 31, 2021, 11:10:07 PM
Maybe he got confused and meant to say April.
Anyway, it seems silly to me to identify monthly price patterns in the past and want to predict the future based on that. So far March has been a bad month for price and April good. That's over 12 years, which statistically is nothing. Patterns like that tend to vary, and while there may be events that explain those repetitive patterns, it is normal for most of them to change over the long term.
Anyway, it seems silly to me to identify monthly price patterns in the past and want to predict the future based on that. So far March has been a bad month for price and April good. That's over 12 years, which statistically is nothing. Patterns like that tend to vary, and while there may be events that explain those repetitive patterns, it is normal for most of them to change over the long term.
March 31, 2021, 10:51:25 PM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Not sure where did you get this but if you are recalling last year event. Bitcoin experienced a hard dump on month of March, well its obvious due to the corona virus inception and lockedown to all majority of countries so March isn't typical for the market price as past results show how bad it is. Anyway its good that we haven't experience much worse this month. Hopefully bull will prevail for a while. Might be time to buy
March 31, 2021, 02:39:35 PM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Not its not. if we do try to look on what happened in the past but for long term speaking then we definitely able to grow but Might be time to buy
try to read up these articles.
https://coinmarketcap.com/headlines/news/why-march-is-the-bloodiest-month-in-bitcoin-history/
https://www.newsbtc.com/analysis/btc/why-march-is-the-bloodiest-month-in-bitcoin-history/
March 31, 2021, 11:13:05 AM
March has always been best month for BTC with 30% gains last years.
Might be time to buy
Might be time to buy
Jump to: