Topic: What DECEMBER means to a Bitcoin investor - page 4. (Read 668 times)

That's nice to read  

Unfortunately many evil things will happen this December, it is one of the most target period in crypto space, why?

1. The retails will be back in higher numbers.
2. It is a time where many ALTs will pump and many will want to get their hands on profits for Xmas.

If I said that some people still fall for fake tokens in their wallet you will say that's lame, but what about retailers? Most of them are new, they come into crypto because their friends are making money.

How many people will have to make grave mistakes at first before they can learn or probably quit? I wish joining crypto have some kind of tutorial or manual.

It's not about abbreviations, for me December is associated with the Christmas rally, this is what I always wait for. I think this may be enough for Bitcoin to reach the price of 100k in December, and it may also become a very good month for the whole market, when it starts to grow even what was at the bottom all this time. December is one of the best months for crypto, it has always been so, so it would be good if this tradition was not broken. )

Yeah there is actually nothing wrong with your creativity in trying to use the word December to show that is also a month of Bitcoin investors, though I no that December represent different thing for everyone since is more a celebration and aspecial month were people take a break from work to visit there families and friends who they have not seen for a very long time, but however i find your use of words very impressive because each of the letters represent an idea a Bitcoin investors have, starting from diversification of investment till the last letter, funny enough I didn't even no letters represent this way since each of the letters means so many things, so actually just like each of them says on our investment that is how the growth of Bitcoin will be on this December.

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

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.

$99K plus has been our Ath lastly which it has struggled to climb at $100,000 but no way. Nevertheless, the month of November has been a productive month for holders and even up to this period of time, the drop of the market pump hasn't breakdown so dip because we could still see the volume roaming within $97,000 and $98,000. Impressive Month as thought.
But then, let's not forget that the market is volatile and unpredictable which means we can break the wall to see another Ath before the year runs out.

Op, your thought of what December means for bitcoin holders here is so creative and thoughtful of being educative with our bitcoins.
Hopefully learning never ends so at this month of December regarding that I've also made some profits at the month of November, being aware that we're stepping into the Christmas holiday, I'll be taking a profit, hold as much as I can and still buy as much as I can at when I can buy still, I accept considering your thought of December meaning very much essential for holders.

I hope this December will not get deep correction as I see this December is a month for spend. We will see Christmas and New Year soon which people will spends their money and celebrates with their families and relatives.

The price now is down at $96k and we are in the weekend in this December. So we can just hope that in the next week, the situation will be better than now while the investor still waiting for the time to buy more.

But this month still be a good month to accumulate more while the price is down. If the price cannot stay at the price now and down for more, that will be another good time to buy more. So prepare yourself to see the chance to buy Bitcoin.

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 🙏

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.

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.

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.