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Topic: What DECEMBER means to a Bitcoin investor (Read 806 times)

sr. member
Activity: 966
Merit: 391
Underestimate- nothing
December 28, 2024, 04:10:32 PM
#73
With this market price of the bitcoin price got up again and now sitting with the 100k for sure tons of people getting curious again with the bitcoin and they keep wondering about the possible investment and profit they want, and this December tons of people again will possibly get a money again with their works, and of course bonuses. This scenratio is nothing new with the crypto because people would like to grab the opportunity to gain money with their investment at least. Every time people ask me about crypto as always said that makes an investment with your knowledge its too hard to make an investment to the things you don't have an idea. Makes this December feel enjoy too not only with the focus on bitcoins.

The price have even come below 100k and people are actually curious and waiting to see the next thing that will happen they have seen 100k so there expection now will be somthing higher than that amount, and this issue of having a very high expectation is because they are not use to circumstances like this there periods that there won't be any significant changes and it is now as if when you expect in crypto that it does not happen so for better clearification people people should know that the market does not work with how anyone think it is when you don't even expect that is when some things will happen.

When you are into crypto there is no way that you won't be a financial expert, you have to learn a lot of skills to be a better manager and also a better investor and what is keeping some people now is because of how they have entangled there self with the investment and they are so patience that they know exactly what they are doing that you hardly hear them talk this are the kind of people that makes the investment more intresting when you are close to them.

One of the things to looking into before you get to that level is to get the best knowledge because you already understand what everything means so you don't even need a third party so the knowledge is like a gate way to becoming successful.
hero member
Activity: 1176
Merit: 785
December 28, 2024, 11:49:04 AM
#72
I like the last aspect of your December definition in crypto terms, Return on Investment is very much important in this regard, if we look towards how we have started the year from the beginning to the end, we could sum it up being a profitable year or not,
Yes, 2024 was indeed a profitable year for Bitcoin investors, because judging from the fact how Bitcoin started the year with it's average price rate of $42,000 per BTC and now currently ending with a price value of $94,000 at the time of writing this post, that's approximately over 120% profit for whoever may have invested in Bitcoin January 2024 and kept holding til this very moment, despite the fact we it crossed a new All Time High of over $108k and now $94k. Hence, Bitcoin remains the best asset for long term investment.

Some people bought at $106,000, and even when the price clocked $107k, they will be on the losing side now if they are to sell below their purchase price. Let's just hope that the remaining days of December, which is just 3 days from now, will bring a green market.
I actually don't know how long this correlation intend to last, but I'm pretty sure in this remaining 3 days left in 2024, the possibility of Bitcoin crossing $100k again is slim, but an extra $5k may be possible if it goes green.
hero member
Activity: 798
Merit: 702
December 28, 2024, 10:34:00 AM
#71
December is like heaven to a Bitcoin investor!
Because Bitcoin has achieved a historic milestone of $100k this December (2024)
Just for this December, what about price history for other Decembers in the past? Was it also heaven for bitcoiners? The price has already started taking a turn, keeping some of those who jumped into the market for the search of quick profit stranded. Some people bought at $106,000, and even when the price clocked $107k, they will be on the losing side now if they are to sell below their purchase price. Let's just hope that the remaining days of December, which is just 3 days from now, will bring a green market.
hero member
Activity: 812
Merit: 560
December 28, 2024, 10:22:42 AM
#70
You've done a great job buddy! Keep it up, your creativity can bring something useful to the forum. Apart from using DECEMBER as an acronym, i have gone through your timeline and noticed you have also had good initiatives in the past in regard to Bitcoin awareness and adoption. Whatever you don't stop doing what you know how to do best.

This is my own definition:

D – Decentralization

E – Exceptional

C – Cryptography

E – Exchange

M – Market

B – Bull run

E – ETF

R – ROI (Return of investment)


I like the last aspect of your December definition in crypto terms, Return on Investment is very much important in this regard, if we look towards how we have started the year from the beginning to the end, we could sum it up being a profitable year or not, we have everyone of us engaging on different aspects of cryptocurrency as we have some trading while some are long time holders, some shill and promote for other projects, while some engage on mining bitcoin as well as other crypto farming process, but what have we got to show over the year as our acheivement, are we getting it right, are they profitable, what rate do we observe as return upon every of our investments made throughout the year, this is very important to have a flash back and run a check on how far we've gone.
hero member
Activity: 1428
Merit: 513
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December 05, 2024, 12:45:52 PM
#69
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.
I did not meant that this month will be so bad for BTC, as BTC just crossed $100k after I made this post, what I meant is it can make dip of %5 to %10 maybe in this month or even a small dip is enough to make market bleed and price of altcoins will also decrease and that can be a good time for all the investors to pick their coins.

$104k is really a historic milestone, and this is not the stop for BTC $150k is programmed, IMO. And altcoins pumping is dependent on BTC and if BTC drops alts will drop but if BTC will pump ALTs won't pump until it stabilizes itself, and sometimes BTC is dumping but alts are pumping that's when I think alts will be getting money from BTC.

To reduce risk we must diversify in high caps, like top 30 or max top 50.
legendary
Activity: 2492
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
December 05, 2024, 08:56:41 AM
#68
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.
Very nice concept I must say, the month of November was indeed spectacular, it was awesome, november is like the month where bitcoin laid its foundation for the breakthrough we have seen in this month of December, and we will see going forward too..

Bitcoin finally have crossed the much anticipated milestone which is the $100,000 price, everyone in crypto is happen for this awesome achievement, personally, I feel the journey just began actually, and henceforth, if we must achieve even greater things, we must apply more seriousness in all that you mentioned, it's important for us to diversify while maintaining or increasing our position in bitcoin, build a positive mindset at all time, learn to keep our investments safe on our self custody wallets and so on and on.
The race just got heated up, and it's time to take bitcoin to the next target being half a million dollars.
jr. member
Activity: 217
Merit: 1
December 05, 2024, 07:42:59 AM
#67
December is like heaven to a Bitcoin investor!
Because Bitcoin has achieved a historic milestone of $100k this December (2024)
sr. member
Activity: 560
Merit: 474
Fine by Time
December 05, 2024, 06:38:29 AM
#66
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 🙏
You've done a great job buddy! Keep it up, your creativity can bring something useful to the forum. Apart from using DECEMBER as an acronym, i have gone through your timeline and noticed you have also had good initiatives in the past in regard to Bitcoin awareness and adoption. Whatever you don't stop doing what you know how to do best.

This is my own definition:

D – Decentralization

E – Exceptional

C – Cryptography

E – Exchange

M – Market

B – Bull run

E – ETF

R – ROI (Return of investment)
hero member
Activity: 3010
Merit: 666
December 05, 2024, 06:19:49 AM
#65

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.

At this stage, it’s less about reducing risk and more about maximizing profits. Bitcoin might struggle to double its current price, but altcoins? I'm seeing the  potential to skyrocket by 200% or even more.

When altcoin season kicks in, prices can skyrocket like crazy, and we’ve seen it happen before. Those past bull runs have already given us a glimpse of what’s possible, so if history repeats itself, we could be in for another wild ride in the altcoin market.
legendary
Activity: 1750
Merit: 1329
Top Crypto Casino
December 05, 2024, 05:49:22 AM
#64
With this market price of the bitcoin price got up again and now sitting with the 100k for sure tons of people getting curious again with the bitcoin and they keep wondering about the possible investment and profit they want, and this December tons of people again will possibly get a money again with their works, and of course bonuses. This scenratio is nothing new with the crypto because people would like to grab the opportunity to gain money with their investment at least. Every time people ask me about crypto as always said that makes an investment with your knowledge its too hard to make an investment to the things you don't have an idea. Makes this December feel enjoy too not only with the focus on bitcoins.
hero member
Activity: 1974
Merit: 539
Leading Crypto Sports Betting & Casino Platform
December 05, 2024, 03:12:00 AM
#63

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.

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.
copper member
Activity: 196
Merit: 6
December 05, 2024, 02:32:16 AM
#62
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.
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.

With BTC breaching 100k - think again  Roll Eyes
copper member
Activity: 280
Merit: 5
December 05, 2024, 02:25:40 AM
#61
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  Cheesy

What about bigger alts to get along with BTC?
copper member
Activity: 126
Merit: 6
December 05, 2024, 02:23:38 AM
#60
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

I would even go as far as reaching 110k in no time.
And diversification - some only accumulate BTC only, some - some alts along the way, others - completely new alts with risks attached.
It's okay to try, but as it was said in the post of OP - BTC is the king.
hero member
Activity: 616
Merit: 543
December 05, 2024, 01:50:04 AM
#59
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
legendary
Activity: 2548
Merit: 1397
December 03, 2024, 10:12:27 PM
#58
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  Cheesy
full member
Activity: 784
Merit: 115
December 03, 2024, 09:18:00 PM
#57
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.
Maybe the investor want to wait and sell their asset if the market situation still show a good moves so they can have money and go to holiday. So they can still hopes that in this month, the situation will still better and can gives them a nice profit.

From the end of November, we see the bullish comes so that can continue in this month and gives more chances to make a big profit. But for crypto investor will still continue their investing in crypto especially for invest in Bitcoin because they have a big expectation to make a big profit later.
hero member
Activity: 1428
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December 03, 2024, 01:30:29 PM
#56
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.
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.
hero member
Activity: 1050
Merit: 592
God is great
December 03, 2024, 11:17:44 AM
#55
D – Diversify: Explore different crypto assets, but Bitcoin remains king.
Mind what you are considering to be investment all in the the name of diversifying. Many people planned of diversifying and end up investing the wrong coin.

For me instead of investing in altcoins that may not have value it is better to continue with bitcoin because their are no another altcoins that can match up its potential.  This advice of diversifying is good for those who are so much into altcoins,  it is very important for them to diversify to bitcoin investment because this can be the best investment for them when it comes to good value and a reliable investment which you don't need to be worried about or crash of value .
hero member
Activity: 2982
Merit: 610
December 03, 2024, 10:29:23 AM
#54
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.
December could be a favorable yet challenging month for bitcoin investors. As you’ve said, strange movements do happen but everything still depends on the market condition. But behind that, considering the historical price trends, we could also anticipate price skyrocket and bullish market. That’s actually the best season that we all have been waiting.

However, market correction and its volatility are still inevitable. That’s why we should be cautious on our decisions by staying informed so we can avoid sudden losses, and still maximize profit potentials.
legendary
Activity: 994
Merit: 1089
Wheel of Whales 🐳
December 03, 2024, 10:27:37 AM
#53
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.
sr. member
Activity: 1932
Merit: 370
December 03, 2024, 10:17:12 AM
#52
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.
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
hero member
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December 03, 2024, 10:04:52 AM
#51
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.
legendary
Activity: 2002
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Free Free Palestine
December 03, 2024, 08:50:45 AM
#50

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.
sr. member
Activity: 630
Merit: 352
December 03, 2024, 08:39:59 AM
#49


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 🙏
I align with your opinion, putting a reasonable meaning to something that will benefit us is not bad, you selected words that are relevant to us bitcoiners. I think that it's a fun way of attributing what we should have in mind in this season, it's a good combination. I'm most fascinated about E: Stay informed about market trends, this is crucial as we're in the bull run and we're all looking forward to seeing the milestone when Bitcoin price will hit $100k, Trump, win has prompted us to see different ATH lately and we're looking forward to see a trend that will see price to skyrocket over $100k.
copper member
Activity: 196
Merit: 6
December 03, 2024, 06:56:49 AM
#48
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. Wink

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.
full member
Activity: 189
Merit: 120
December 03, 2024, 06:52:38 AM
#47
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. 
 
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.
hero member
Activity: 588
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December 03, 2024, 05:06:26 AM
#46
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.
full member
Activity: 784
Merit: 115
December 03, 2024, 04:10:38 AM
#45
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.
hero member
Activity: 896
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Leading Crypto Sports Betting & Casino Platform
December 02, 2024, 09:48:23 PM
#44
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. Wink
sr. member
Activity: 812
Merit: 436
December 02, 2024, 04:56:34 PM
#43
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.


  

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.
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December 02, 2024, 04:32:35 PM
#42
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.
That's it, it all ends up with those people that don't have proper knowledge at all. They tend to invest at times when the market is high, when the FOMO is there and they will not stop themselves from doing so in the hope that they'll get a better return instead. This only means that all of the investors out there have their own timing but unfortunately, not all of us get into that properly. They're so hasty into investing when they don't have enough knowledge about Bitcoin or any asset that they want to venture in. But we can't also help them because there are so many folks that talks about patterns including me and they adhere to the call of investing by just hearing people's thoughts about BTC.
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December 02, 2024, 03:48:03 PM
#41
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.

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.
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December 02, 2024, 02:27:27 AM
#40
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.
This mistake by some, most of the time, is based on how traders want to take advantage of the bull market, not knowing when it will end; they rush in expecting it to keep on going up without understanding the fact that they might be entering the market when a correction wants to start in the market, and some might also not be very patient to wait till all those market days come and go before it can start pointing to the profit side.

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.
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December 02, 2024, 02:19:00 AM
#39
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.

Absolutely, I think investors are really keen on diversifying their investments during a bear market because right now, we're in a bull market. So, any coins with a real purpose are likely to soar. We've got the Bitcoin bull run and altcoin seasons too. When these sync up, the whole market could become super profitable to invest in.
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December 02, 2024, 02:04:59 AM
#38
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.
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December 02, 2024, 12:27:30 AM
#37
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.
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December 02, 2024, 12:20:37 AM
#36
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.

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 Grin
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December 01, 2024, 10:40:47 PM
#35
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.

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.
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December 01, 2024, 10:32:51 PM
#34




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.
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December 01, 2024, 10:10:13 PM
#33
The meaning may not be different from the meaning of the previous months during the bullish period, where when there is a price correction, it is used as an opportunity to buy and hold it for the price target, but this is done by short-term investors, while for long-term holders, December can be an ordinary month because their target is next year with the prediction that the price will reach its peak.
I'm sure this is just a warm-up for next year, which is the most awaited time.
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December 01, 2024, 08:00:29 PM
#32
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.

Not sure about December in bear market though, it could really be a big year. But since we are in the bull cycle, this December could really be big or if not then continue to buy in our on phase as others might see Bitcoin as too expensive for now.

But let's see, it seems that everyone is still on FOMO this coming month. And thanks to the OP, who is creative and uses his imagination with, maybe it could inspire others to do what's best for them, after all $100k is just around the corner and we could really hit that price this December.
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December 01, 2024, 05:46:50 PM
#31
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.

The month of December is just 30 days?
I guess we should be more focused on the long term than what would happen in a month.
I believe we Hodlers not trader
But there's nothing wrong in speculating and I  would support Bullish.

Being bullish is what is expected at this point in time for the bitcoin market. After a bullish momentum ending the November month, the December month ought to be more bullish and continue the trend hopefully till next year. The long term investment of bitcoin cannot be overemphasized after seeing how the trend of it has been over the decade, it has always ended the year of every cycle in a bullish momentum and this time around won’t be an exception to that. Speculation is part of the market and I’ll also support the bullish sentiment for December also.
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December 01, 2024, 05:34:39 PM
#30
Wonderful presentation @CryptoHeadlineNews.. Great acronym,, did you come up with it yourself?

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

About that one..So let's say I call myself as an bitcoin investor but I am also investing on altcoins.. I think the proper term is crypto investor.. IMO, when I say a person is a bitcoin investor, it means he's focusing solely on bitcoin, and all he need is to educate himself about is bitcoin only. My justification is simple..  I believe altcoins are too risky, and it doesn’t make sense because we diversify to minimize risk, but investing in altcoins just increases that risk.
Not just that
Diversification isn't for asset that are positively correlated.
My personal to go on a portfolio is Bitcoin and Real estate (Land been specific though not quite divisible).


You mentioned a pretty safe way to approach this "diversication" technique..  I think its pretty normal not to put all eggs in one basket, it's very basic rule of investing, but I like your idea, as even if bitcoin has matured a bit, it's still considered a high risk investment, while real state generally is a low risk investment.
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December 01, 2024, 04:15:58 PM
#29
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.

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December 01, 2024, 03:31:56 PM
#28
Wonderful presentation @CryptoHeadlineNews.. Great acronym,, did you come up with it yourself?

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

About that one..So let's say I call myself as an bitcoin investor but I am also investing on altcoins.. I think the proper term is crypto investor.. IMO, when I say a person is a bitcoin investor, it means he's focusing solely on bitcoin, and all he need is to educate himself about is bitcoin only. My justification is simple..  I believe altcoins are too risky, and it doesn’t make sense because we diversify to minimize risk, but investing in altcoins just increases that risk.
Not just that
Diversification isn't for asset that are positively correlated.
My personal to go on a portfolio is Bitcoin and Real estate (Land been specific though not quite divisible).


The month of December is just 30 days?
I guess we should be more focused on the long term than what would happen in a month.
I believe we Hodlers not trader
But there's nothing wrong in speculating and I  would support Bullish.
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December 01, 2024, 02:47:55 PM
#27
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

If you look at the bitcoin trend you will notice that the last quarter has mostly been bullish. One thing to notice is that the December price trend is always similar to the previous month been November. Years where November is bullish, December also joins it and becomes bullish too, if it is bearish, the December follows suit, there is even an interesting fact that the price movement percentage for both months are similar to each other, except last year December which to me there was correction. So for now the best thing is to stick to the historical trend which means we are expecting a bullish December I respect to how both November and even October traded
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December 01, 2024, 10:09:28 AM
#26
D – Diversify: Explore different crypto assets, but Bitcoin remains king.
You have the opportunity to buy the scarcest asset in the planet with a 99% discount, and you talk about "diversification" of "crypto assets"? To me, that means you don't understand bitcoin enough.

You do not have to trade your bitcoin for some short profit. I mean you can do that, but it's just silly. It's like buying Apple stock in 2005 at $1.50 and selling it at $1.90, completely overlooking at the opportunity to hold onto one of the biggest tech giants in the world.

Just do your job, whatever that is, and stack sats. Hold the sats.
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December 01, 2024, 10:06:54 AM
#25
Well, for the last five to six years, December hasn't been a great month for Bitcoin and the market. Five out of the last 6 Decembers, Bitcoin has been in decline in five of them, which leaves us with the thought that we might see some decline in the market this month based on how cycles have worked in the past. But then again, the market hasn't really been following the regular cycle pattern from the past because we have seen a lot of surprises from Bitcoin in this cycle. It almost reached $100k before the end of this year, which most speculators didn't expect.

Can Bitcoin surprise us again? Will it keep going up instead of declining and having a correction even in December? I guess we'll find out in a couple of weeks. You talked about diversification; I want to mention that most people misunderstand this, and instead of buying altcoins with whatever liquid assets they might have, they go ahead and convert a portion of their Bitcoins and use that money to buy altcoins, which is a bad idea, IMO.

If one is already invested in Bitcoin and has nothing left to buy other altcoins, they don't need to do it necessarily. Diversification is good, but forced diversification is a bad idea.
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December 01, 2024, 09:59:39 AM
#24
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.
This mistake by some, most of the time, is based on how traders want to take advantage of the bull market, not knowing when it will end; they rush in expecting it to keep on going up without understanding the fact that they might be entering the market when a correction wants to start in the market, and some might also not be very patient to wait till all those market days come and go before it can start pointing to the profit side.
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.
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December 01, 2024, 09:45:00 AM
#23
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.
legendary
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December 01, 2024, 08:37:23 AM
#22
Wonderful presentation @CryptoHeadlineNews.. Great acronym,, did you come up with it yourself?

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

About that one..So let's say I call myself as an bitcoin investor but I am also investing on altcoins.. I think the proper term is crypto investor.. IMO, when I say a person is a bitcoin investor, it means he's focusing solely on bitcoin, and all he need is to educate himself about is bitcoin only. My justification is simple..  I believe altcoins are too risky, and it doesn’t make sense because we diversify to minimize risk, but investing in altcoins just increases that risk.
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December 01, 2024, 08:33:33 AM
#21
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.
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December 01, 2024, 08:22:57 AM
#20
The acronym you created for December sounds beautiful, and it perfectly captures what every crypto investor should keep in mind regarding their Bitcoin investment journey, that one needs to remember to diversify their crypto investments, educate those around us about the importance of cold storage for Bitcoin assets, and regularly evaluate our portfolio from time to time, to maintain a positive outlook and practice patience through market volatility, or consider buying the dip when opportunities arise. It's important for us to avoid negative news about Bitcoin and to keep our price targets in mind when deciding to sell our Bitcoin holdings.

By following the plans mentioned above, I believe we can pull through our Bitcoin investments effectively, by minimizing the risk of regret or loss of Bitcoin investment.
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December 01, 2024, 08:09:53 AM
#19
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.
This mistake by some, most of the time, is based on how traders want to take advantage of the bull market, not knowing when it will end; they rush in expecting it to keep on going up without understanding the fact that they might be entering the market when a correction wants to start in the market, and some might also not be very patient to wait till all those market days come and go before it can start pointing to the profit side.
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December 01, 2024, 08:04:10 AM
#18
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.
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 🙏
Appreciate the effort into thinking of these. I also do understand what you are trying to say here. I guess if I were to just give some comments to make it improve is that it should be the same kinds of words so that it’s easier to remember. If you are going to use a verb for one letter then use verbs for all letters. That way it is a lot catchier and easier to remember since it follows a single concept.

It will also help if we can do something of chronological order. Again easy to remember and may even help beginners.
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December 01, 2024, 07:56:34 AM
#17
That's catchy and you did a great job in there. December means a lot to many investors of Bitcoin because it seems that this is where we're getting another new ATHs. I think it all started in 2017 or it was just me because I've witnessed that BTC hit $20k that year. Maybe this year, it's going to be different and we're all going to like that because we're aiming for $100k.

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.
legendary
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December 01, 2024, 07:42:13 AM
#16
Although like always I disagree with associating certain market movements with certain months in a year but I generally liked your thinking and the images you used (AI generated?), they look cool. The definitions you used for each letter are all good suggestions as well. Except this one:

D – Diversify: Explore different crypto assets, but Bitcoin remains king.
Diversification is when you have assets that don't move with each other and aren't affected by the same things. When you have bitcoin, buying altcoins that get dumped each time there is movement in bitcoin price won't make it diversification. Altcoins are like the more riskier and less profitable (in long run) version of bitcoin.

True diversification here would be buying assets like gold, stocks, etc. that don't move when bitcoin moves and vice versa.
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December 01, 2024, 06:42:39 AM
#15
December could be a good month to accumulate. After seeing a few price pumps in November, we are seeing a bit of a dump in December. The train may leave the station again this month, but I have been thinking lately that December could be a good month to buy.

We may not see any major price changes for Bitcoin this month. Since December is a month of enjoyment, it may not be a good month for Bitcoin. But an investor may find a good opportunity to buy this month.
sr. member
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December 01, 2024, 04:43:01 AM
#14
I don't know anything but surely I can feel that this time December might be a good month for Bitcoin community. The November played a very important role in taking Bitcoin's value above $99k and now it's December's turn to play its role and make Bitcoin more valuable.
Investors must have wider view, wider than only a single month, depsite it is a most bullish or bearish month in Bitcoin history in either average or median. No signle year is the same as past years, and this December 2024 can be similar like past ones or very different, we can not know how it will end.

View with bigger vision like yearly candles, and we can see a more comfortable picture for our investment future.
https://charts.bitbo.io/yearly-candles/

Quote
I believe if things go well then in this very month Bitcoin might cross $100k value, and who knows if that happens just during the Christmas. There's chance that Santa Claus might might bring some gifts for Bitcoin holders this time. Wink
Santa Claus day and days around it, seem to be not good ones for Bitcoin market.
Bitcoin price history -- most profitable and bloodiest months, days. Massacre can happen this year too, but it can be different and people must know "This time is different" is one of biggest lessons in financial markets.
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December 01, 2024, 03:52:34 AM
#13
I don't know anything but surely I can feel that this time December might be a good month for Bitcoin community. The November played a very important role in taking Bitcoin's value above $99k and now it's December's turn to play its role and make Bitcoin more valuable.

I believe if things go well then in this very month Bitcoin might cross $100k value, and who knows if that happens just during the Christmas. There's chance that Santa Claus might might bring some gifts for Bitcoin holders this time. Wink
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December 01, 2024, 03:52:00 AM
#12
~
Doesn't need to be December to apply these practices though. Everyone as much as they can apply it all the time.

What you should probably center the topic is on the price, pretty much the only thing most investors care about anyway. Personally, I'm satisfied with closing the year with the current price that we have right now and just let anything crazy supposed to happen, happen next year instead. We've had enough crazies just last month, let December rest please Tongue.
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December 01, 2024, 03:51:11 AM
#11
That's nice to read  Grin

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.
legendary
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December 01, 2024, 03:48:06 AM
#10
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.

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. )
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December 01, 2024, 03:45:43 AM
#9
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 🙏

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.
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December 01, 2024, 03:08:41 AM
#8
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.

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
legendary
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So anyway, I applied as a merit source :)
December 01, 2024, 02:29:36 AM
#7
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.
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December 01, 2024, 02:25:46 AM
#6
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.
~Snip~

$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.
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December 01, 2024, 02:08:39 AM
#5
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.
hero member
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December 01, 2024, 01:47:59 AM
#4
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.
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 🙏
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December 01, 2024, 01:46:27 AM
#3
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.
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December 01, 2024, 01:38:21 AM
#2
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.
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December 01, 2024, 01:17:05 AM
#1
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.


  
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