I like your idea in this post, i take every month the same way, but i like what you came up with here, it is thoughtful and the images are beautiful. However, i don't agree with the idea of diversifying by buying other crypto assets, i believe that by diversifying, you should be buying BTC and other assets that is not related to cryptocurrency, i.e. real estate.
Welcome to the festive season guys, let us protect our funds and wait on what next year holds for the BTC network, it promises to be really interesting for us all.
Topic: What DECEMBER means to a Bitcoin investor - page 2. (Read 871 times)
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:
It's not a too good month for short term profit.
Yeah we strongly think that the creation of Bitcoin is logical yet we are connecting it somehow to some sentimental stuff like months, I won't be surprised if one day we try to connect it to astrology or constellations. Bitcoin could be $1 in December and $100k in July, I don't see any relativity of Bitcoin to any point in calendar unless it is halving year. December means another year is coming and for the market it is another year to survive and prosper, let that be the purpose of December lol 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.
But this period could be an investor's dip period. Some people believe that the price of Bitcoin will appreciate beyond the present price in the future and they might not be considering to sell in this bull season. So even at this current high price, they are considering it as the dip, an example is Microstrategy. 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.
You should simply say that the December of every Bitcoin halving year is not the dip period. Check your examples and you will discover that if you have bought Bitcoin between $16k to $20k you indeed bought the dip. If you consider the price this period it will be clear that you have made so much profit. Those who have invested smile in the Month of December and January.
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.
Trump has not yet officially taken office so he will not have any further impact on us during this time. But don't forget that this year is unlike any other because we are in a bull market (4 year cycle) and if history can repeat itself. This December will continue to be a bullish month and even a strong one if we look back at the history of 2017 and 2020. So there is no need to be pessimistic and fear that many people will take profits to prepare for the holiday season and will cause prices to fall this month. We are in bull season and things will only go up until it ends, correction will not be a concern.
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 🙏
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.
Bitcoin has done well this year/cycle, it has impressed me already. Even if he doesn't hit the $100,000 mark again this year/cycle, it matters less. But who knows, he may still hit it. At worst, if it doesn't hit it now, it will surely hit it in the next cycle, all that the true bitcoiners need is patience and not to forget that 1 BTC = 1 BTC.As for the cold wallet storage, it is the best advice, but not with my widow's mite portion...lol. I hope to get there one day.
100k till the end of the cycle is probably reachable - we just need to wait for the pressure to buy to become huge - and I think we will get there and even more.
Only then there would be a correction taking place.
What "DECEMBER represent for Bitcoin investors is waiting for the time to sell their Bitcoin at a high price and they still wait until now. Although Bitcoin price now still at a low price, that will increase slowly or fast depends on how people reaction to the market.
If they see the price increase fast, they will directly enter to the market without thinks too much because they don't want to be late to make a profit.
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. If they see the price increase fast, they will directly enter to the market without thinks too much because they don't want to be late to make a profit.
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.
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.
Go back and visit what OP said about the letter B in December you will no that you are actually the one getting it wrong, actually what he said the B represent was Buy the dip and of course we have such thing in Bitcoin investment or cryptocurrency because that is were some persons normally prefer to buy Bitcoin and secondly I don't agree that dip does not happen in December because it normally occurs and even the last December we were still at dip in Bitcoin Price because the price was far higher than the $20k you saw on that December, so perhaps you had forgotten how high the price was before then to have made you think that Bitcoin was no longer dip then. Those who have invested smile in the Month of December and January.
What "DECEMBER represent for Bitcoin investors is waiting for the time to sell their Bitcoin at a high price and they still wait until now. Although Bitcoin price now still at a low price, that will increase slowly or fast depends on how people reaction to the market.
If they see the price increase fast, they will directly enter to the market without thinks too much because they don't want to be late to make a profit.
But if Bitcoin still goes down to a lower price, investors will keep buying because they optimist to see Bitcoin will hit the new ATH. Yes, we must use the time to buy Bitcoin if we thinks that is necessary and we want to add more amount of Bitcoin. Don't forget to save your Bitcoin in a safe place.
If they see the price increase fast, they will directly enter to the market without thinks too much because they don't want to be late to make a profit.
But if Bitcoin still goes down to a lower price, investors will keep buying because they optimist to see Bitcoin will hit the new ATH. Yes, we must use the time to buy Bitcoin if we thinks that is necessary and we want to add more amount of Bitcoin. Don't forget to save your Bitcoin in a safe place.
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.
Bitcoin has done well this year/cycle, it has impressed me already. Even if he doesn't hit the $100,000 mark again this year/cycle, it matters less. But who knows, he may still hit it. At worst, if it doesn't hit it now, it will surely hit it in the next cycle, all that the true bitcoiners need is patience and not to forget that 1 BTC = 1 BTC.As for the cold wallet storage, it is the best advice, but not with my widow's mite portion...lol. I hope to get there one day.
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.
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.
December could mean a lot to us in different ways, but this same yuletide season should be when we are going to sum up the whole year profitability's into a single achievement in bitcoin, i will say this loud and clear that December is not a time for us to be losing, at least if w must have taken trades in the past in tier numbers and make money at the cause of the year, then December can be when to make more profitable and set the hallmark in the same month by being a December to always remember, but we shouldn't afford to make losses or take high risk that could cause loss.
Most of them want to invest when the market is already up and high. They don't want to accumulate and go through the lower part of it which is the exciting part of buying dip. When they can practice that discipline of buying during the dip, they will develop that habit of being first in almost everything if ever they want to invest in some other things. But looking at that side of investing during the dip gives them the understanding that it's always the time which is best in accumulation. And those that have done that and are enjoying their profits now have gone through that phase.
And when people have the opportunity to invest they don't take it seriously and it when the price is now high that they want to invest, and that is like one of the unreadable things to do what is the essence of investing when it will not yield anything because for along will you even hold when from the beginning you have already buy at a high price and the thing most people focus on is not more than buying the dip and selling high because buying at a high price how do you even accumulate.
And people know the truth and they will neglect the truth and want to do what pleases them, they will end up wasting their money and there time because they had the opportunity to invest but they ignore just because they doubt the investment and when the price starts going up that is when they start picking intrest, just wait till bitcoin starts to dump they will lose intrest again.
And why some people are doing this is because they don't have the proper knowledge if they have the knowledge about this things, so it is better to encourage people to learn about investment before they start making decisions on when to buy.
Quite fair allocation of words to the letters of the word "DECEMBER". Firstly for diversity, there are a couple of bitcoin HODLERs out there that aren't again of altcoins at all to get a glimpse of that you can check out the wall observer thread. Educate is definitely a nice one. With the amount of wrong information floating the internet it's important to give people the right information. Cold wallet yes definitely a good pick for HODLERs.
Evaluate hmmm seems cool but it's more feasible to those that trade and not much to HODLERs. Definitely Mindset too is a big one besides we need less people with FOMO hodling bitcoin especially huge chunks of it. Buy the dip seems odd since there is currently no dip yet just little pull backs. I think BULLISH $100k is best for B.
Diversify is there but he literally did diversify the word December there with words that he can think of in the BTC/crypto world. Alts has their own uniqueness but it is just that some are only a die hard fan of Bitcoin to stick with it. Education is important and not just a choice. Internet is very popular now, so the right information about BTC is also spread out evenly but as you said, wrong information are like this too. Cold wallets has a better security but they cost money. Not only holders but traders and others can also use it. Evaluate is related to educate and both the hodlers and traders can benefit with it. Mindset is like a common sense.Evaluate hmmm seems cool but it's more feasible to those that trade and not much to HODLERs. Definitely Mindset too is a big one besides we need less people with FOMO hodling bitcoin especially huge chunks of it. Buy the dip seems odd since there is currently no dip yet just little pull backs. I think BULLISH $100k is best for B.
It may seem small compared to the rest but it was actually important to have a good mindset/common sense. FOMO is always there and we can't just control someone else. That is their life and choice. Buy the dip, doesn't always mean now but you can't go wrong investing with BTC no matter what its price is. Bullish $100k is indeed the best but BTC's price potential is not only limited there.
B – Buy the Dip: Take advantage of price corrections to accumulate more Bitcoin.
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.Buying when BTC dips or goes into a much-anticipated correction (which is much bigger than just a dip) is a good way of dealing with FOMO while a rally is in full swing - but I agree on the fact that it would be better to stay vigilant and don't forget that BTC is not a life change: it's a coin and an eco worth putting an effort to understand it and how it works through its cycles.
I’m already done with diversifying; that’s been set from the start. Right now, it’s all about harvesting and reaping the rewards from holding this long. The acronym might help newbies and serve as a reminder for the seasoned investors, but at this moment, we need to focus on the bullish trend. It’s time to set our targets and decide what price we’re aiming for to sell off some of our holdings and lock in those profits.
The information isn’t bad or kind of outdated that it cannot be employed even now, but like you’ve said, it’ll benefit the newbies more at this point as most investors already bought and just waiting for the time to sell and take profit. This acronyms given to DECEMBER are a very big motivation even during the bear season and I’m sure it will help for those that gets emotional easily during the bearish period.
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.
Some may perceive this month differently some may think there may be nothing special in considering December. But during this time, investor interest is at its peak. In this time those who are holding Bitcoin will continue it and many investors may move out of their tracks as the price of altcoins increases according to the market conditions. But one must be patient during this time otherwise the chances of losing will increase. We cannot definitely refer any month as safe or for a bullish trend in Bitcoin. However, if we follow the past history, a big change can be seen at the end of this month. Sometimes it can be positive or sometimes negative.Those who have planned to hold Bitcoin for the long term are completely safe and those who are planning to invest in altcoins must invest by accepting the risks and the possibility of any market situation before investing. Most of the time excitements rises at the end of the year.
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.
one thing about December most especially for a bitcoin investor that is building his portfolio without a plan of making use of it for the short term is that you have to be more disciplined this December or else you risk making use of your investment for all the spending that takes place in the month of December. if you can stay disciplined throughout December and January, then you won't be having an issue in the remaining months of the year. poor planning can wreck all the effort you have put in to ensure that you you've built this dept of portfolio while proper planning helps you even achieve more in this season of spending.because of the tendencies of failed project being high in their numbers in this last month of the year, i wouldn't advice one to go into investing in an altcoin or diversifying his portfolio into altcoin most especially if he hasn't been invested in altcoin in the past. if it be possible, just keep doing what you have been doing all these whiles. making a no deal out of any month of the year most especially as it relates to your investment will go a long way in safeguarding the asset you already have and in the same way help you stay invested in your accumulation plan.
But you forget one thing, we are in the bull season so the possibility of a correction will be lower than other years. If you look at the December charts during the 2017 and 2020 bull seasons, you will see that bitcoin always grew strongly and the gains were 38% and 43% respectively. We don't need to worry too much about that, what we should be concerned about is whether this time we will have bigger or smaller growth.
BTC is sideways, BTC.d is down and altcoins are growing. This is a common scenario in any bull market and it is still repeating itself, so it is something to be happy about rather than worried about. I believe that in December and the first quarter of next year, the whole market will grow and that is also the biggest bull season that we are waiting for.
source: coinglass
Maybe you are right but no one can know what exactly will happen to Bitcoin. Those two cycles before showing the gains respectively but this year may be different than those cycles so we can only prepare and ready with anyhing that can happen later.BTC is sideways, BTC.d is down and altcoins are growing. This is a common scenario in any bull market and it is still repeating itself, so it is something to be happy about rather than worried about. I believe that in December and the first quarter of next year, the whole market will grow and that is also the biggest bull season that we are waiting for.
source: coinglass
Meanwhile, this Bitcoin moves still on the sideways so we can still have time to buy more to have more Bitcoin. The altcoin season will also coming and maybe that can happen in this month before Bitcoin gets another jumps.
In the next year could be a great year for Bitcoin to hit the new ATH that we wait so far. We still wait for the next thing that will happen to Bitcoin. So prepare yourself and set your target sell
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.
Those who have invested smile in the Month of December and January.
I think, it will be find when the price increases to $100,000, because today is the second day of the month of December which there is still much time for investors to experience bullish season and get prepare for bearish season that is about to happen, once the price of Bitcoin touch that amount. Do you believe that bearish season is no longer far from the market, because we have seen the demonstration of the bullish season from the beginning of this year which are some of the statistics am considering that bearish season will definitely happen before the end of December for those that want to purchase Bitcoin will use the opportunity to purchase and hold for another bullish to come in four years time before they can sell. I don't think, this bullish will reach the month of January before the bearish season will takeover the market, because the price has reached $99,123 before it started decreasing a little to prepare investors mind to get ready for long bearish season soon.
Here are the eight words that correspond to Bitcoin in each letter of the month of December, each line is important for every Bitcoin holder. You will notice that each step that we have to explore from the beginning to the end of Bitcoin investment is written in each letter of this month of December. So if we want to operate ourselves correctly and correctly, we must experience ourselves the most, then we will be able to appreciate Bitcoin in the maximum time frame.
And in this December, we will see Bitcoin touch the price of 100k, which many are ready to appreciate more. But I think very soon we will see Bitcoin at a six-digit price and see its further improvement in 2025.
Jump to: