Topic: What DECEMBER means to a Bitcoin investor (Read 668 times)

Historically, not all Decembers have been bad for bitcoin, especially since we are in the middle of a bull run, there is no reason to be pessimistic that this month will be bad for bitcoin. Bitcoin also just crossed $100k and even touched $104k and this will be a historic milestone for bitcoin, so saying that December will be a bad month is completely wrong.

Altcoin season has started and will get crazier as we enter 2025 and I don't see any problem if people start moving to altcoins for better profit opportunities. But i wouldn't consider this diversification as the entire altcoins are still dependent on bitcoin. If bitcoin price corrects or suddenly drops, altcoins will also suffer the same fate, so it cannot be said that investing in altcoins is diversification to reduce risk.

Yes, it's true that November 2024 was actually an excellent month for all Bitcoin investors, whereby we saw several new All Time High within a interval of days. So just as it ended few hours ago and we are now in the new month of December 2024, a thought have been ringing in my head, to why not write a few acronym which "DECEMBER" represent for members of the Bitcoin community, as an avenue to encourage people to always stick to their Bitcoin investment. Hence, this is what I was able to draft which "DECEMBER" represent for Bitcoin investors.


 What "DECEMBER represent for Bitcoin investors

D – Diversify: Explore different crypto assets, but Bitcoin remains king.

E – Educate: Stay informed about market trends, tech developments, and regulations.

C – Cold Storage: Protect your assets by using secure cold wallets.

E – Evaluate: Regularly assess your portfolio and investment strategy.

M – Mindset: Stay patient and avoid emotional trading during market volatility.

B – Buy the Dip: Take advantage of price corrections to accumulate more Bitcoin.

E – Energy Efficiency: Be aware of the ongoing Bitcoin mining and sustainability debates.

R – Risk Management: Set clear goals, stop-losses, and avoid over-leveraging.


So in conclusion, just as we anticipate for the price of Bitcoin crossing $100k benchmark, lets not forget apply these eight points which "DECEMBER" represent for Bitcoin investors as shown above, as we endeavor to always strive to educate ourselves, protect our assets by storing in cold wallets, evaluate our investment strategy and take advantage of it's price correlation by always buying Bitcoin at the dip. So thank you all, as I welcome to you all into the lovely New Month of DECEMBER 2024.

I don't offend you, but I think it's best to let December is December.

Don't try to input or extropolate the month word December to anything else, because December was not born for any meaning you want to attach. December itself is not an abbreviation, so if you try to attach some other words to each of December characters, it's too reluctant.

What does December mean for investors and traders?
See its history.
https://cryptorank.io/price/bitcoin/analytics

In Bitcoin monthly returns, there are two statistics for December:

• Average: +8.65%
• Median: +3.27%

It's not a too good month for short term profit.

Though everybody is entitled to their opinion, but just like I earlier said, I see nothing wrong with trying to attribute a meaning to the different characters of an already existing word of the English dictionary that suits our Bitcoin/crypto community. It's called innovation or creative thinking. Thanks 🙏

Altcoin season has started and will get crazier as we enter 2025 and I don't see any problem if people start moving to altcoins for better profit opportunities. But i wouldn't consider this diversification as the entire altcoins are still dependent on bitcoin. If bitcoin price corrects or suddenly drops, altcoins will also suffer the same fate, so it cannot be said that investing in altcoins is diversification to reduce risk.

I can't agree more with you we must not abbreviate December word but you do agree with one thing that this month was not so good and according to history it was not that bullish as November and January are. So in this month I think alt season will start don't know about you if you like to invest in alts or not but alt season attracts more investors even from BTC to alts. People start to convert their assets into alts.

Their for the word diversification and evaluation and assessing our strategy with time is necassary in this month as we can find some good tokens to invest in for the upcoming year to make more returns or we can simply stick to the BTC and buy more BTC in this month.

I can't agree more with you we must not abbreviate December word but you do agree with one thing that this month was not so good and according to history it was not that bullish as November and January are. So in this month I think alt season will start don't know about you if you like to invest in alts or not but alt season attracts more investors even from BTC to alts. People start to convert their assets into alts.

Their for the word diversification and evaluation and assessing our strategy with time is necassary in this month as we can find some good tokens to invest in for the upcoming year to make more returns or we can simply stick to the BTC and buy more BTC in this month.

Wow!! This is exactly the best thread for me, just last night I started to convert my fiat currency from my bank to an exchange and buy stablecoin temporarily, why? Because I will start buying the dips or just incase Bitcoin has a correction, it's fine, as long as I am ready always to press the green button.
Besides that, I am also looking to start buying some stocks, just for diversity thing  

I agree with most of the points raised by the OP but I don't quire accept the aspect of diversification unless I will to shift away to other investment instruments such as real estate or rhe energy sector, and this is not what I'm ready for now as the process is cumbersome and requires huge capital. So Bitcoin is enough for me for now.

What is significant this December is that Bitcoin have reached 100k, this will be remembered forever and December will be on record as the month Bitcoin reached 100k

December, which is the holiday season, is a time when most people spend majorly on things that they don't actually budget for in a normal month. A lot of people have reasons to sell parts of their holdings this period because of the holiday. 
 
The past years, some Decembers do show bullish signs and remain that way, while some do remain on the bearish side, which is either caused by selling pressure or price correction from October to November movement. Let's just watch and see what 2024 December's have to offer to us with Trump in the picture; there is a great chance for us to end the year on the bullish side.

I don't offend you, but I think it's best to let December is December.

Don't try to input or extropolate the month word December to anything else, because December was not born for any meaning you want to attach. December itself is not an abbreviation, so if you try to attach some other words to each of December characters, it's too reluctant.

D – Diversify: Explore different crypto assets, but Bitcoin remains king.

Firstly very nice presentation of information in the thread through and acronym and some images.

Holidays are the times when strange movements happen. Easy way to put it, is that it is unpredictable. I think the objective is clear and we need to improve the mindset first before trading itself.

Learning some basic skills on the holiday season does seem a bit odd because people are usually going to relax a bit. But keeping that spirit throughout the year would be a better move.

I don't offend you, but I think it's best to let December is December.

Don't try to input or extropolate the month word December to anything else, because December was not born for any meaning you want to attach. December itself is not an abbreviation, so if you try to attach some other words to each of December characters, it's too reluctant.

What does December mean for investors and traders?
See its history.
https://cryptorank.io/price/bitcoin/analytics

In Bitcoin monthly returns, there are two statistics for December:

• Average: +8.65%
• Median: +3.27%

It's not a too good month for short term profit.

This is what's the mistake of many. They don't buy on the dip, they don't buy on the bear but they do buy on the bull run.

The B = but the dip is not found in Bitcoin in the month of December. And all the two Decembers I have spent in the crypto market, I have not seen the dip. The year I registered in the forum, was the minimum dip I know and even at that bitcoin was on the rise. Because before December Bitcoin was running $16k - $19 and in the December 2022, it rises to $20+k and from there it has started rising till now so December is the month Bitcoin rises and not on the dip.
Those who have invested smile in the Month of December and January.