Why does Bitcoin seem to always rally in December?

SistaFista

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Quote from: HopeHK on December 19, 2018, 04:47:00 PM

My theory is that people buy it as holiday gifts.

Now, it is different from the past years. Bitcoin was not rallying anymore in December 2018.
I think the increased price at the end of the year was not because peoples bought it as holiday gifts.
There were peoples who sold their bitcoin for buying some gifts in holiday at the end of year too.

Wellyan

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Quote from: MidKnight on January 05, 2019, 06:51:17 AM

What is op talking about? It did not happen obviously. It was the opposite because it crashed hard when it was about to enter the month of December. Things have changed and the media are monitoring us and they always released the bad side that discourage buyers.

until now the conditions have not improved, and indeed many investors are hesitant about bitcoin. yes, hopefully the things we face today can recover and investors can come back again without worry.

owlman

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Quote from: HopeHK on December 19, 2018, 04:47:00 PM

My theory is that people buy it as holiday gifts.

As we see, this time the price for bitcoin did not rise in December, as well as the prices for all other coins, so it can be argued that people did not buy bitcoin as Christmas gifts and, accordingly, there was no demand for Bitcoin, as it was before. We need to follow the developments on the market and the time when prices will finally grow.

MidKnight

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What is op talking about? It did not happen obviously. It was the opposite because it crashed hard when it was about to enter the month of December. Things have changed and the media are monitoring us and they always released the bad side that discourage buyers.

AltCreators

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Fractals, Cycles, etc.

There is also the possibility because we are nearing the etf's in February. Just 2 months left!

LogitechMouse

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It didn't happen this year Cheesy

but it happened last 2017. There is no specific reasons why Bitcoin always rally in December because its doesn't rally always in that month.

From my perspective, I think its more possible that Bitcoin will go down because many investors will sell their Bitcoin to buy some gifts and goods that will use in the Christmas and New Year season.

Phantomberry

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I think December is the month full of suprises because crypto are on Green and bull is continue to run. Especially those establishment accepting bitcoins are on busy and people are buying bitcoin in any exchanger to buy things or sell on those needed.

mickeybuddy27

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Quote from: duoduoshigexiaozhu on January 02, 2019, 07:23:25 AM

This is not always the case. In most of December last year, the market was red, and the rising market was only short-lived, so in general, last December was still a downhill market, we should not just see the green market and ignore the red market.

Mostly on December more down of price happens because people need money for holidays. Though the price is lower when people need it and no other source to get money, have no choice even the market is red which make the market more down. It is been hard to get green market during Christmas season and make you hold much stronger.

darkr

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Quote from: duoduoshigexiaozhu on January 02, 2019, 07:23:25 AM

This is not always the case. In most of December last year, the market was red, and the rising market was only short-lived, so in general, last December was still a downhill market, we should not just see the green market and ignore the red market.

December rally happened only a few times through the history of the crypto market. As we have already seen, last year it did not happen. Now, I will wait for the bulls close to the winter.

playboy654

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Quote from: Tavarez on January 04, 2019, 02:17:46 AM

Because of the holidays, simply people have more free time and they use it for hobbies and other activities. Many people sell their crypto in December just to buy presents for their loving people. Obviously December brings more trades.

I think the value depends upon the date and time is not right. It depends upon only the investment and withdrawal when the investment is Hai the expectation and the development is also when the withdrawal is the value decreases itself this is the basic algorithm of Bitcoin.

Tavarez

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Because of the holidays, simply people have more free time and they use it for hobbies and other activities. Many people sell their crypto in December just to buy presents for their loving people. Obviously December brings more trades.

0t3p0t

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Quote from: HopeHK on December 19, 2018, 04:47:00 PM

My theory is that people buy it as holiday gifts.

People actually sell Bitcoins during holiday season in exchange of fiat money for buying needs, wants and gifts for christmas. It is not where they use Bitcoin to buy gifts. Most holders do that in December that is why prices will fall. It could also be that it is some kind of manipulation by whales where they dump huge ammount of their Bitcoin funds to create panic as people would start to fear if the price will continue to fall so they will cut loss and decide to sell and whales will surely benefit from weaker hands by eating their bait.

izanagi narukami

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It's the highest season of the market before the end of the year but remember that we can't always rely on this.
Bitcoin keep fluctuating so it's always change not just in December !

We will see, the moment of the truth will happen on 2019 !

Ntr..

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ya ...bitcoin have always rally on every nov and dec but what happen to the 2018 dec ..the market value was low there was no increase in the price it was a huge lose ... Embarrassed

gabmen

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Quote from: jrrsparkles on January 03, 2019, 06:38:12 AM

Quote from: jimskiy on January 02, 2019, 11:31:43 AM

Always on December become bad moment for bitcoin holder, maybe we still remember last year of December bitcoin growing up, but bad time for this December bitcoin still drop.

This maybe because of festive season but not huge price increase happened anyway so its just like people's thought and if everyone having this means the prices will go up literally.NO definite time frame for the prices to increase sometimes it is happening in December and some other time it starts with 2nd half and few times with the beginning of year.

Well that was one hell of a rally if ever there was lol. We've gotten pretty complacent about the price going up during the last quarter of the year that many expected a strong recovery. We've forgotten how the market likes to go the opposite side of people's expectations.

denzkilim

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Quote from: Daper on December 19, 2018, 05:05:45 PM

Just a slight uptick in price and it's already declared a rally .... Grin

the stupidity and ignorance of even the most basic understanding of real world economics is so rampant on this forum.

LMAO best comment ever LOL Grin

The number of newbies that continues to be newbies in their point's of view is really rising and these people are not even improving even with logical matters in this crypto space but they are still here.

Quote from: prasad87 on December 19, 2018, 05:18:35 PM

Quote from: HopeHK on December 19, 2018, 04:47:00 PM

My theory is that people buy it as holiday gifts.

In 2013 it was congress hearing.
Don't know about last year.
But what we're seeing December 2018 is not a rally, it's a small correction following huge dump.

You're correct about that, I think some people are living with their delusions of frustrations that Bitcoin will be skyrocketing again on December 2018 just like what happened in December 2017 when Bitcoin reaches its peak price. People in this kind of industry should learn that not every kind of history will repeat in the same way and in the same month and they should wake up with their hallucinations because this is a really wild industry and anything can happen in a short period of time. Cool

jrrsparkles

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Quote from: jimskiy on January 02, 2019, 11:31:43 AM

Always on December become bad moment for bitcoin holder, maybe we still remember last year of December bitcoin growing up, but bad time for this December bitcoin still drop.

This maybe because of festive season but not huge price increase happened anyway so its just like people's thought and if everyone having this means the prices will go up literally.NO definite time frame for the prices to increase sometimes it is happening in December and some other time it starts with 2nd half and few times with the beginning of year.

Janation

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Quote from: jimskiy on January 02, 2019, 11:31:43 AM

Always on December become bad moment for bitcoin holder, maybe we still remember last year of December bitcoin growing up, but bad time for this December bitcoin still drop.

Not all of the Decembers really.

Before the first December that the price really upsets a lot of investors, the price of Bitcoin usually pumps at the month of December. The pump even starts before reaching the month. I don't know how is that happening but all I know is that ever since that rows of December pumps, I am used to that and it really is disappointing to see the last year's dump until now. I think we should not really be used to things and instead find a good plan or strategy to make a profit and also not always take your focus on Bitcoin.

sinkfish

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only happen couple of time. not consider rally.

jimskiy

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Always on December become bad moment for bitcoin holder, maybe we still remember last year of December bitcoin growing up, but bad time for this December bitcoin still drop.

Topic: Why does Bitcoin seem to always rally in December? (Read 918 times)