Bitcoin Forum

the fourth quarter of the year normally determines whether that year is good or bad for the crypto market. if you look at the last year 2017 the cryptocurrency market started booming in the early October while nothing good happened in the last October yet the market is crashing very badly in November. i guest this year is not the good one for bitcoin and the cryptocurrency in general.   

Many people who say that the price of bitcoin will climb up from 6k to 10k this coming 4th quarter of this year, but until now there is no sign saying that the price will go up until the end of the year instead the price of bitcoin fell.

Actually, the price of bitcoin is definitely no guarantee that the price will go up or fall because the price movement is very volatile.

There are many reasons why the price of bitcoin has fallen, one of the sample reason is a news(it may bad or good) where people can decide whether to sell or not.

Another one is "Big Investors/Holders" who sell or buy a big amount of bitcoin.

These are just some of the reasons why the price of bitcoin may increase or decrease.

However, I think the price of bitcoin won't stay too long at the current price and I still believe that bitcoin can be recover again soon after this short dive.

Analytically speaking if the price of bitcoin is not increasing this q4 of the year it maybe a sign that this is not the year where you could earn a large bag of profit for hodling in a long time albeit the value will still be decided by the market and its people

Trust that bitcoin is still going to pump because it is existing.

Just a couple weeks ago, everyone was insisting that Q4 is always bullish for BTC. Now we're seeing this "pattern" doesn't have much basis in reality. No surprise there since we only have a handful of years of price history!

It's probably best to assume the year after a bubble is going to be a bearish year. What comes up must come down.

But the forth quarter is not over yet, still 45 days left in this year, to recover market only few hours are enough, it will be enough to change the whole picture of the year 2018. But I have not seen any evidence or predictions with logics that can explain the behaviour of crypto currencies. Everyone is just speculating about the market to keep the strike rotating.

In just an hour market was drastically down yesterday, it is really hard to understand the market movement price and yet the last quarter month had not yet over, in short, it is unpredictable. Still, there is more than a month to recover Bitcoin and the entire market cap before this year end, then analytically say that it's too early to decide the real status of the market price. Don't lose hope and have faith that probably this year before to end market will be fine and back to the normal.

However, it is the right time now to buy while the market is cheap.

Correct, this year debunk the myth that Q4 is always bullish and we can also say for now that past performance is not a good indication of future successes. Perhaps we just have a small sample size, but we need to take into account how volatile this market is. At least majority, specially those who joined in 2017 learned their lessons in a hard way. The price won't go parabolic and once it burst you need to be quick and should adjust your trading strategy. Otherwise you will be holding onto something that will less likely to happen and that could put a lot of stress on you as a trader.

I think perhaps one pattern may repeat - the proper low coming sometime early next year.

This Q is toast in terms of bullishness. There ain't none, not that I expected any. There were no signs leading up to it and the only action we did have so far is a huge turd landing in our faces.

Time to do your Christmas shopping. I expect very little for a lengthy period of time yet.

Some people still think that we can bounce back and test 8k-10k towards the end of the year thanks to bakkt and whatnot. I honestly don't expect much, we've been lacking buying pressure over the last few months and things might be able to stay the same after this flash crash since the bearish sentiment that's been surrounding will most likely increase in the next few weeks or the rest of the year.

We could probably recover in the next few weeks if the bulls decide it's time for another rally, perhaps with enough momentum we could even test the 7k levels, but that's as far as I think we'll go this year, and I'm being optimistic.

Most people think that Q4 2018 would be the turning point for the bloodbath to end. The opposite is happening, as the bloodbath continues and more people are suffering from the loss in their portfolio. If you have a short term goal with your holdings, this is not a good time to sell. If you are for long term investment, better stack up on those coins which was expensive some few months ago.

Cryptocurrencies has a lot of issues, especially their regulations and the behavior. This is why this things are happening right now, no one can determine why such value keeps on decreasing and this is the danger to take note. Probably this year isn't good for them and we should need not to worry because there is still another year to wait and maybe by next year we can see a better value.

Obviously those 2017 peeps still don't understand what crypto volatility is all about. They always take the last year's event as pure basis that crypto should be on bull run mode today. So what happened? Disappointment without a basis.

This is year is not good in crypto? So you want to lived on fake hype that happened last year? Let those "bad" thing happened so that the desire of majority of price increase is really because of demand.

P.S No one knows what will happened in the future. Don't just closed the book for this year. Trust the process and don't set target date for your expected bull run.

Yeah, this is not a good year for cryptocurrency because we dump so much in terms of value but I think if you look at the technology itself you can see that we grow a lot this year. Many coins traveled already around the world, many project succeed on their ICO, and many coins are able to partner with the established businesses which we can consider a successful year.

We are just too focus on the price of the market and sometime we forget about this thing, and because of this growth we can see a great run in the coming next year. Adoption may take more time but the value of a great coin will bounce higher when the time investors see the importance of this market.

Q4 2014 was also not the brightest, and mind you it's exactly a year from the previous ATH, just like what we're having right now. To think that everyone is drawing a line and assuming that to be the movement of bitcoin is kinda sad knowing how volatile this market could get. 2015-2017 Q4 bull runs was a streak, that's a fact, but how certain are we that it's going to repeat the same trend? Most broke people right now are the ones who blindly invested in bitcoin without any statistics and facts to back their investment, just charts from the past 3 years. Current market conditions aren't the same as they were for the past 3 years lol, get a grip.

If you compare it to previous year then we are not doing really that good this year because instead of the price creeping up, it is slowly going down causing disappointment and some though panic for the dumping of price. Instead of worrying though about the price, you can think of ways to still be able to earn in this kind of market by either trading for short term because there is still volatility. You can also short it but it is not recommended for those who are just starting to trade because there is a tendency that they would liquidate their account with just a blink.

Well, I dont agree with you concern what you said about the fourth quarter to determine yearly market status because the last 2 months of every year  are time crypto currency market usually face some dump in price because thats the time some people spend some of their coins. But, I can only say this year market is not been fair to those that bought during the last ATH  and they are smart enough they have to buy in this dip.

not really!
the year is good if the year is good not if in a couple of months price goes up! and being "good" is somewhat subjective. last year was good because price was rising. this year is also good because price came down and let people who were left behind to catch up in accumulating bitcoin.

not really!
bitcoin price by October was already 6 times higher than the beginning of the year so you can't say it "started booming"!

it is not crashing, it dropped and then stopped. and it is all about the short term drama of BCH.

it is good for altcoins too, since now that they have gotten dumped you can see that they are getting closer to not-be in a bubble anymore and you can start calling their prices healthy again if they continue this way.

Nah if you've observed dude for the past 10 years, mostly the last 2 months are the ones that had considerable growth. I don't think people are spending bitcoins for the holidays. It's mid november and usually by this time the price should be in a positive movement however it's not.

Since january people will always be talking about downtrend and apparently it will continue until december however i think we have to stopped compare situations between 2017 and 2018 because it is clear that downtrend will dominate the market until end of this year but don't mean cryptocurrency market hopeless because we still have next year which is every possibility will be happened

By now it was a complete opposite. 2017 was the year of the bulls and today the bears just dominated the market and it seems we can't get out of this trend. So the sooner we affect the fact, the better it is for us specially in making our trades. So we need to be flexible and no longer need to compare from the 2017 madness because it won't happen again.

The speculation of the people didn't went that way and what they have been expected was the opposite of the results. While some of them are switching from Bitcoin to Altcoin because of the sudden fall of the price in the market.
Forks are changing people because of their desperation while seeing the market falling since the first month of the year.

The fourth quarter or the last quarter of this year 201i8 is not good for me because price of the bitcoin  decrease the value more compared to the 1st and the third quarter of 2018 price is better. But we can do better if the price of the bitcoin increase again

I still remember when everyone was saying that on the 4th quarter we were gonna see bitcoin surpassing the $50,000 mark. This is quite funny to be honest.

But i am still confident in that we are going to see those prices in a near future, probably in a decade, but it will finally come in here.

This year we never see the good pump in the market. But fourth quarter is not completed yet so how peoples are judged it will be failed in this year. I hope Bitcoin is still time to growing well in the market because every year December is the fastest moving month so let see what will happen in next month.

Bitter truth, every single person was waiting for the last quarter of this year as even I believed the market will go till $15k comparing to last year but the market is still red and the price is dropping. Hope it I'll recover very soon.

The quarter is not ended yet! And if there is any market in the world that is capable to make huge moves in just a few weeks it is Cryptocurrency market, I think we still have time, I agree that the chance is getting lower and lower but nothing is impossible, some might say this is crazy but the last dip might be a sign for upcoming big moves upwards not downwards.

Yep, agree on that the fourth quarter of this year Bitcoin suffered a lot and literally bled its guts out. Many were left wondering if this is just a phase that bitcoin will have to over come or is this the beginning of a slow and painful death for bitcoin. It is just so disappointing to watch the total reversal of the trend that bitcoin once put on last year.

Indeed, some years are good for cryptocurrency and some years are bad for the market. I believe in current cryptocurrency stage we gonna see a lot of ups and downs hopefully the market will settle from time to time. The market still need more money to recover which I think it will take a year or two for the market to truly flourish.

We can't always have sunshine and margaritas on the market every single year, sometimes you have a bad year, that happens in finance world all the time, we better get used to this kind of stuff time to time. In 2012 bitcoin went up, in 2013 too, in 2014 it dropped a lot, in 2015 it got up again, in 2016 it raised a bit and in 2017 we had the biggest bull run of bitcoin and in 2018 we had a bad run again.

It tells me we will definitely see a huge increase in price in 2020 with the halving if the calculations are similar. 2014 wasn't a bright year for bitcoin as well but we overcame that and now those prices look funny to us. In 2014 the price dropped from 1400 to 200, those prices are fraction of what the bitcoin price is right now. Lets hope that in 2020 we will look back on dropping from 6 thousand to 5 thousand as funny memory.

We know that the market is unpredictable we can still wait until this year end. We have more than a month to wait and I think that is a long way to wait at least the market will recover even not in the bull run. I think it is possible now to have a bull run market, I don't even read good news that the market begins to spike and increase. So, at this moment we don't have anything to do is just to wait when the market recovers itself.

I'd agree that sellers haven't established follow-through on the initial selloff. But this is often the case in a bearish consolidation: short term selling gets exhausted and you see a dead cat bounce.

What makes you think it's all about BCH drama?

Short term selling always hits most of the traders. They can’t resist the pressure of this hit. People need to understand how to be smart and to deal efficiently with such trading aspects.