Bitcoin Forum

in a few days again, we will meet with the year end holidays and Christmas.

I talk about crypto users, especially about those who still hold BTC assets.
like December 2017, big sales for holidays and Christmas are one of the factors that make BTC fall.
and what do you think about of December this year?
in my opinion, this December will have the same cycle with December 2017, so that BTC will fall again to $ 1500.

They say history repeats itself but at this rate it looked like users who are looking forward for December 2018 pump wont happen.

It is a good thing for me. It makes bitcoin very unpredictable again. Dont want the analysts telling themselves they are right so I am against that flow. Maybe February should be the next pump month. Just to annoy them.

Dont really care much for I know that time will really come. Just dont know when.

I think small investors do not affect the market. Bitcoin may grow slightly by the new year. I think by January 1, Bitcoin will cost $ 3500-4000. But it is not exactly  ;D

People are cashing out for holidays? is this what you wanted to hear? Everyone has been predicting that bitcoin tend to fall to $2,000 and $1,500 so that's why you're also predicting that?

This December will be the same as 2017? what you're saying that it will fall to $1,500 is contradicting of what happened last year. Don't forget that Dec.2017 was the time when bitcoin rushed to the ceiling and reached its all time high.

No, it's not, whenever something like that happens, it's just a coincidence. There's no mechanism that would consistently lead to such price movements, the price is driven by traders, and traders absolutely don't need to sell their assets in order to buy presents for holidays, lol. With Bitcoin, it's better to ignore all the "logical" price patters, Bitcoin price movements are very unpredictable, sometimes you just wake up and see a 20% change and people just can't cope with it, so they start inventing explanations.

Is it just me, or is everyone predicting the same thing? The only variants are whether we're dumping to $1,500 or $2,000 or whether it's this month or next month! People got really bearish, really quickly.

I don't think the holidays are (or ever were) a major motivation for selling. There's no general rule about December either. In 2010, 2011, 2012, 2015, and 2016 December closed as a green candle.

i don't think you want to say what you are saying! "like December 2017" means price is going to shoot up from ~$8k to $20k? because that is what happened last year by the end of the year during Christmas time.


why? and how did you come up with that number? do you think bitcoin is some pump and dump shitcoin that gets pumped from $1000 to $20000 and then dumped back down to its initial value? because that is what bitcoin is going to be  considered if we reach that low a price!

the interesting thing about this speculation is that so far I have not met a single person who has sold his bitcoins for Christmas, or any other holiday seasons. but people keep insisting they are doing it. so let me ask the starter of this topic this, have YOU sold your bitcoins because it is close to Christmas? how much did you sell and why did you do that, didn't you have money already that you had to sell bitcoin for money?

if the answer is no (which is my expectation) then why do you think others are doing what you yourself didn't do?

For me, I think if there is big sale the demand will increase there is tendency that the price will go up or go down. And, I guess falling down of bitcoin around $1500 will possible to happen but most of us not want to happen it. The cycle that I want is when the price of bitcoin will go up like happen last year December 2017.

even if price went down it wouldn't be because of Christmas and end of the year. it would have to have other more serious reasons. specially because are not talking about a regular drop like from $7k to $6k. at this point we are talking about a huge drop to below certain major buy supports that are extremely hard to break!

The holidays never have that much of an influence on BTC price, it's always over-exaggerated. The price may fall or rise but the chance of it actually being as a direct result of the holidays is remote at best.

I don't know where this theories come from, that Bitcoin price dumps are connected to holidays. Where is any correlation between these two that is actually confirmed?  I don't beleive in that and reasons for price fall are much more serious and complex, the explanation, it's not so simple and explanations that selling coins because of holidays causes dump makes no sense at all.

indeed,
don't waste your words on bears, they just love to write 1000-3dig etc

if they don't get it, don't waste your time :)

In no way, shape or form do I see bitcoin going down to $1,500 per coin. The price has absolutely crashed but we seem to have teached some kind of support. No way can I see another 50% fall from the current price.

Current prices are 100% affordable for people to start accumulating again. Barring something catastrophic there is no way we will see $1,500.

I don't disagree with you, but i felt quite similarly at $6000 where there was strong support for a long time. What makes you so sure that this is different to that?

The only real difference I can see is that this price level is now much more similar to the price before the start of the mega bull run that took us to 20k.

I agree that big sales for holidays could be responsible for the fall in the price of crypto as people are expected to raise funds for to meet all of the festivities activities and all the costs that comes with such activities but that would only happen if there is a motivation to sell. Currently, the market is not in a smiling position and except one buys before 2017, you would surely be selling at a real loss which is why I am not expecting that the Christmas would make any significant change in the current position.

One thing you need to understand in crypto is it may either pump or dump there's no any full stop for this. There were lot of prediction in this last quarter what happened finally? It was a very horrible experience and what I learnt is anything can happy anytime. Just be patient and hope a positive change.

$1500 is quite low price for Bitcoin. Of course it might happen but not that likely. Also if ti happens it will not stay that low for that long but bounce over $2000. Also as I understand you are talking of next 2 weeks times. That adds another reason to hard to believe Bitcoin will go that low. There already was quite a reduction in Bitcoin price last month. Price halved. Now would need to repeat in next two weeks and halve again.

I think it is not necessarily the fact that bitcoin will fall at the price of $ 1500 at the end of the year to welcome Christmas and New Year, it could be that Bitcoin will be able to rise to $ 4000 - $ 4500.

If the price drops to $1500 then most miners will shut down their machines and we will see all time low difficulty.
Mining is almost profitable with the current price.

I think no.

The market already shaken off for those people who have weak hands.I believe we are already on the bottom as of this moment but well who knows that it would possibly go deep even further.

I guess history repeat itself then and to think that it is already happening before but the only difference if bitcoin pump next year. If not then it is indeed repeating the history since last year. I am expecting a bull run next year but i am too expecting a good news too so that there will be a small pump to start the bull run.

OMG, yes it is very possible to be right there will not be an increase that occurred at the end of the year even though previously many predict if the end of the year will be a bull run, but the reality is no. I personally still hold a bitcoin which is planned to be sold towards the end of the year, but with prices continuing to decline it looks like I will cancel the plan and still will wait for the market to recover.

$3,000 will be the lowest value and many will become more practical with this lowest price that if they will sell for christmas then better to hold it in hope for a bullish run by next year as what is the point of selling low now except if most of the users are badly need money then selling their Bitcoin will become possible but if they were wise enough then holding still is the best move.

I don't think bitcoins prices has any correlation with December holidays, I don't see people selling in December personally I have never sold my coins in December. I'm curious to know why you have choosen 1500$ as the price it should end, do you have any fundamentals or you just picked it up just cause Bloomberg and other analysts have been saying it? I am doubtful we'll be seeing a repeat of December cycle, and with bitcoins nothing is predictable due to it's volatile nature.

i see two parallels to the current bear market: 2011 and 2014. december and christmas were bullish in 2011 but super bearish in 2014. so i guess it's a coin flip!

the market seems due for a relief rally. i'm not expecting a bull run, but i think a nice bounce should be in the cards over the next few weeks.

I think people who needed to withdraw their coins already withdrew it for the holidays. I don't think people who took out their money for black friday kept some of it aside just in case for holidays, if they took it out they took all of it out. However it is still a big risk to hold your coins until the year ends, I feel like the price could definitely get hit by a wave of sales during the last week of it, in about 3 or 4 days we will see another hit on bitcoin price but I doubt it will go anything below 2800 this time around.

It will definitely be affected by it but as far as 1500 dollars. Also remember that bitcoin is affected by hundreds of million dollars worth of sale, if something small happens it can absorb the hit and still keep its head above, it needs a big hit to drop and I believe since we already dropped so much it would be difficult to find people who are small investors that want to sell for christmas, they are probably all gone already.

I expect some pump is nearly waiting, so 2011 and 2014 is the past things these are all never come in future. But 2018 is the unique year because all the prediction is totally failed in this year, so if you think negatively in this year anytime it will change oppositely. I believe this will change all the prediction and expectation.

Difficulty wouldn't be anywhere near its all time low. It will never reach that level again because of how efficient mining has become. The hashing power of new hardware dwarfs that of the early days when people were mining with their CPU.

It won't but miners would likely move to other more profitable coins to mine if btc continues to drop dramatically. It's not cheap to maintain these rigs and they have options to move to other coins until btc goes back to work.