Bitcoin Forum

I know about bitcoin since 3 years. And I have been continuously seeing that during Christmas [25 December] Crypto Markets dump hardly. So what do you think about this Christmas and BTC price movements? Dump is coming to near? Or we can a different scenario in this Xmas?     

In 2011, 2013, and 2016, the market was bullish during Christmas week. In 2012 and 2015, the market was sideways. I don't agree with the conclusion that the crypto markets always dump at this time.

Whenever people start seeing patterns like this, the patterns fail. That's no surprise given the lack of historical data and unpredictability of markets.


This is a congestion zone in a ranging market so my hopes aren't high for huge fireworks (in either direction) this week. My overall bias is still leaning bullish. Targets in the $8K-$9K area seem possible in the next couple weeks.

I'd agree bitcoin doesn't do so well in autumn but I think its more due to people trying to cash out to buy presents and other stuff for Christmas rather than anything else (those who store large amounts in crypto).

I don't think bitcoin will see much of a fall due to Christmas, there may be little trading from the west but the east will still probably keep trading and keep the price on the current trajectory. I think it'll take a while for us to see the markets do a substantial move (a few months probably).

Despite some different opinions I don't think there is connection between Christmas and Bitcoin price. Some think that price is falling because users are cashing out their coins but I don't think that happens in such extent that would influence the price significantly.
Also, I don't think that Bitcoin behaves according to some predictable pattern that would allow us to make some solid conclusions.

Every Xmas doesnt signify on having similar events when it comes to bitcoins price.We have seen all through the years on how it do behave when we do already heading up to this season.

By looks on the current price yet we do already have 2 days left for the said holiday.The price had rose to 7500+ and do tank into these levels.We cant be sure that it would surge nor dump
on next days to come.So the answer of this question is "no one really knows".

As much as possible do not connect holidays, seasons, and also historical price movements on your analysis for the current price movement of Bitcoin will be. Basically what you are doing is just as good as guessing what the price of Bitcoin will be without actually doing any kind of analysis. I think extasie has proven that what you have seen in the last three years is wrong and Christmas has nothing to do with Bitcoin's dumping. Yeah we ended it bad during December 2017 but it does not mean that this will be a routine cycle for Bitcoin every December. You must also consider other factors such as volume, moving averages, and actual demand before you can even say that Christmas has something to do with it.

I'll take your word that what you say is correct, since I haven't checked the charts before posting this.  I don't remember how the last few years went for bitcoin around Christmas, but I don't ever remember the price being predictable at any point during the year, not even toward the end. 

I agree that people tend to see patterns where they don't necessarily exist--that's part of human nature, and it's that Dunning-Krueger effect or whatever it's called that describes the phenomenon.  I try not to succumb to that when dealing with markets, which is why I'm not a TA chart-watcher.

And right now bitcoin is as sideways as ever.  There hasn't been a huge price drop, not even that one we just saw.  That had happened in November as well if I recall correctly.

How about the 2013 and 2017 bubbles?! Those were very bullish autumn months.

These generalizations never work out. The only way to say "BTC is always bearish during x and y months" is to omit the contradictory data. :)

Yeah, they are right. Christmas has nothing to do with the bitcoin price. Others think that the price is dumping for the reason of selling off their BTC to fiat money for the preparation of holidays like buying gits and having foods to eat on Christmas eve. If you see a fall in Bitcoin during the Christmas holiday in the passing year, it doesn't mean that the same scenario will happen in this current year.

Its too late for a big pump this holidays because in 17hrs we are going to celebrate the Christmas and the price is still down. Yes, over my years of working here I saw already this kind of trend and I do believe that next year will be another great year for us, it may now come this last week of 2019 but let’s move on and look forward for everything that bitcoin can offer to us.

First its hard to know if the price of bitcoin will be pump or dump but its better to make a big dump why? Because we can have an opportunity to buy more before the 2020halving. If you can see the chart of bitcoin its already make a pump and now I'm seeing a dump again.

I think not every Christmas bitcoin are dumping we can be positive that bitcoin can goes up too. So we need to be wise once bitcoin this Christmas are going to dump if we have money buy some and keep the bitcoin. But if you have bitcoin then the price goes up you can sell them and  buy again once bitcoin gonna down.

I think that ahead of Christmas many people are selling their assets to prepare for tonight and it needs money to prepare for it. It could all be a dump now because there are many needs on Christmas.
So I don't think this is a problem because it's a bit of a dump and after that the pump will start again, and this is indeed an opportunity to buy and hold a few months before halving occurs.

There isn't really any generalized answer for the BTC market every Christmas. Just like what the first comment said, BTC experienced various movements from each Christmas, which doesn't really follow a pattern whatsoever. Saying a dump may happen, well yes, it could be possible, but no clue as to whether it would happen or not. In the end, the market is still the market and would still move as it pleases. Though imho, I doubt it would actually dump suddenly after all the sideways movement we've experienced the weeks prior to Christmas. Could be a sudden dump, but the market would probably enforce a correction there and move up again after a few hours or so.

I see this period as a longer week-end. Speculation on the price can happen, but I think that their effect will become close to zero as soon as normal banking/working days start again.

Buying pressure decreases. We see more dumps in the market, and yes Christmas season is here and it may be one of the major reason why price movement goes somehow down. You know season of giving gifts, get away trips and a lot of discount sales in mall, and probably those who dumps a lot are totally making their fortune just only in crypto currency. And who would've resist such sale, right?

This is my third Christmas with bitcoin. 2017 christmas was when BTC saw its ATH, 2018 Christmas was dry and this Christmas we saw some variation in price. Overall we cant say there is one to one relation bw BTC price n Christmas. BTC has it's own dates of Christmas celebrations.

Bitcoin price is unpredictable but charts at the end of the year is generally more interesting to follow especially with ATH in 2017.
I am a little bit disappointed this year.. The price stuck at $7k while I was hoping to see something close to 5 digits...

We might not see another 5 digit Bitcoin price nor more than $10,000 until the halving is done. Base on what have happened from the last 2 Bitcoin halving, it seems that the price tends to have a rally and make another ATH a year after the halving.
Another guess is, if Bitcoin breaks the $10,000 resistance level beginning of January, huge possibility that It will gradually increase for the whole year of 2020.

Bitcoin price markets are unpredicted, and you cannot say that every year, bitcoin will face another dump, although we have that possibility. If you check 2017, at Christmas, the price is not dumped, but it gets pump higher although, before Christmas, the price was getting dump so hard the price still trying to increase. So based on that, we still hard to predicted what will happen at Christmas, and if the price is a dump, then so be it. That will a good time to buy another low price of bitcoin.

I don't think the prices would go the same every Christmas. There have been different scenario and it's really hard to determine the exact movement of the market. It's just an advantage that the market situation got a little better this time. Let's just hope for the best in the coming days.

We can't say it will dump or pump, bitcoin has never follow just one trend all the time, that's why it's very unpredictable because it changes from time to time. Though there's an upcoming halving by next year, we can't even guarantee that a pump would happen, we are just hopeful but we can't assure good things will happen.

So this Christmas, I hope that BTC will not dump so we can continue to see a significant growth in the remaining days of the year.

Yeah, I also been here since 2017, and who would forget the all time high that year, but followed by the bearish trend in 2018-2019. So it's really hard to say if the dump are over yet.

We just have to remain positive, a good $7500 at the end of the year is still good, as we are close to 90% year-to-year.

I think there will be no movements around this holidays. Most probably the price will go in range of $7k-$7500 tops. Usually this time of the year, trading is kinda slow, maybe traders are just busy on this holidays and spend most of their time with their families.

So no break out run, trading sideways up until the beginning of 2020.

It is surely different from previous years.

It is already December 25 by tomorrow but if we take a look into the chart it seems we are far away from suffering such an expecting event. The support might be strong and people are still holding their coins just to wait for the upcoming halving which influences a lot. I'm confident enough that we never have a huge drop( if it has) rather than to see scaling high until the end of this year.

its almost 25th now to some coutries and price is still sttable but it did already drop right after we touch the month of december  . i already forgot the price of btc last year but i still remember that btc on december 25 2017 were not going down but they are still continue to rise up   .  this is why i believe that there is no relation on the price to christmas day   . if this is your basis to sell or buy then better if you just dont use it anymore because its unpredictable . just buy and sell normally depending on what you think youl be better for you  .

I know that every Christmas Eve the price of bitcoin will go down because many sell bitcoin for Christmas needs maybe, and I hope it will go up again soon

I don't think a lot of people are selling their btc because they want to spend it for christmas needs. That is a no brainer anyone can always choose to pay in fiat currency. There is another reason why the people dont want to buy due to the situation in the market today.

You can honestly think billions of sell volume is based on people cashing out to buy christmas presents as its highest factor.  This is silly, there have been years when bitcoin raised through the holidays, went sideways and some years it went down.  It is not attributed to people needing to buy presents...

It is not only Christmas but the "holiday season" in USA, in some other nations as well but in USA there is Halloween and on top of that there is thanksgiving and then Christmas afterwards (and some celebrate new years too) so it is a costly season that makes investors give up on their investments to sell and use that money to celebrate the holiday season better.

I am not from USA but we have new years here as well (just like all around the world) and I am a person who spends it at home not spending too much money, so all in all I am not the reason for bitcoin price to fall but there must have been a lot of people who sold during these times. The best times for bitcoin to go up seems to be around spring because both people haven't spent their new money yet on summer vacations just yet and they are not worrying about holiday season neither.

Not all people in the world celebrate Christmas, there are around 2 billion Christians, but many are merely declared as such, and do not hold too much to religion. However, those who have BTC and who need the money will sell some BTC at this time, at least I think and do just that. But this is not a reason that can affect the price too much unless someone really sells a large amount of BTC to buy something pretty expensive.

To give an example that this theory is not completely correct, we have this small pump which lasted for a very short time, but it's obviously another bull trap, or maybe a little Santa Claus gift ;)

Christmas always make and give bad reputation with bitcoin become lower price, last three time before and after Christmas day bitcoin always have lower price, two weeks usually after Christmas moment bitcoin can back with higher price because many people cash out their bitcoin to gift Xmas for their friend, hope next Christmas day giving Xmas only using bitcoin and not have to withdraw bitcoin become cash money first.

There is no significant movement so far, so it's okay, as long as BTC will not anymore drop below $7K,  I will be okay for this year because we just started at $3K+, so this is a progress that is happening now.

and not to forget all time high of 2019 i.e. 11500$. Bitcoin perform very good this year, as we can see from its price chart. Its going again to $7k, lets see whether it go down to $6k or jump up to $10k. This year there is slight moment in bitcoin price on Christmas this year but nothing  much of significance happens.

hmm it was caused by halving 1 year before. so, in my opinion, it has no effect on this Christmas. but it's quite unique when 2 days ago before Christmas the price increased to 6700, which I thought when Christmas happened it would be a sell off due many people need money to buy gifts.

I have seen last year's christmas dump at $4k. The bitcoin's price as of today is stableat $7k and doesn't have any movement whether it will really dump. But I do think these coming days will still be $7k. Nothing special movements as of now. Though everyone is really expecting to pump this season instead of what is happening right now.

The dump in price of the bitcoin market don't always happen every Christmas and with the upcoming bitcoin halving some infrequently dump and surge in price is expected due to people spending their bitcoin on some gifts while the real dump will happen after Christmas and early next year.

The dump usually happens in January when the tax is due. 2019 was a mixed year, but still we managed to do a +200% after all. So some taxes will have to be paid in January, I just hope that the hype and media for the bitcoin halving will cover all the sell pressure.

well there is a myth that bitcooin price go down on christmas day because of people selling some of bitcoin that they hold for a year for buying stuff as part of the celebration day and some holiday expenses too , that is pretty makes sense right?

jus imagine everybody around the world doing this at the same time at the same day!

yes of course the more selling order coming but and buyers have anticipated this selling waves on the christmas day.
can not really blame anybody for this myth, that is too makes sense.
and that is happened temporarily by the way. there is no need to worry about.

I think it only dumps hard right after a huge price bubble which has happed a couple of times just before Christmas. This year we did not see a price bubble so don’t expect a big price drop.

I wouldn't be so confident about it though even if the market seems too unstable there's still could a chance that a huge price drop would happen in the future. Although this is December and it is expected already that most people will be cashing out just to buy some present for the upcoming holiday season.

I have been witnessing this from the past 4 years, the value of bitcoin starts falling between Christmas and new year because most of the mid-level user cash out during this period for holiday vacations. I think this trend has already started this year as well as this year is not an exception.

Today  a great Christmas day happening. and the market show dumped all of coins. all price of cryptocurrency falling down, it happen like you said that Christmas bring red market, no problem it not happen in long time and will get as weell soon. it natural thing happen in last of each year or during Christmas, and Christmas really affect for all cryptocurrency price not only bitcoin

You got it right man. I'll take note on this for future reference. It did dumped, but sure this is temporary. Everyone is looking forward to 2020 bitcoin price especially that halving will happen again and there are many optimists .

A couple of days before Christmas we saw a trend reversal which i was not expecting and today the market went down a bit and that is not a big dump but a small correction we used to see after a sudden rally and the market is literally not showing any signs of big weakness nor any rally coming up in the next few days, when the market started to rally i expect a entirely different scenario but today the market was silent like usual without any major variations and that is what i am expecting till the New Year.

We live in a goldfish bowl by our own personal bias but BTC sees the whole world and large parts of the world dont see xmas as a day without trade.    Increasingly the world isnt set around the western customs so I guess its significant that BTC is a currency with live pricing all day every day non stop forever and no other product can say its accessible as that.

December 17 when it went to $6,600. I guess that is what you are looking for.
There might be no more dumps that will happen again before the end of the year.
People sold their bitcoins just for celebrating the holidays but the resistance is still there.
That $6,600 was already cheap and there are chances a lot of people also buy at that amount.

You see, not all are sellers. Some are lurking in the shadows for a good cheap buy.

It did gain more since the recent dump.
I guess you could say history doesn't repeat itself.

Dump that had happened could be the selling point of small holders but it didn't took long.
Now we are back to $7k and then maybe more before the halving.
We might see more changes next year or the month of halving where people will be FOMO.

I expect a different scenario. but basically, after Christmas, the price of bitcoin is always a dump. however, until now the price of bitcoin is still quite stable above the price of $ 7000. less than 6 days before 2020, so the determination is at 6 today. whether bitcoin can start 2020 with a price of $ 7000, or start with a lower price. this is quite thrilling.

Whenever we see dumps during Christmas it could probably due to because people need money during this season. The season could also push the price up because some investors might have enough capital to increase their bags.

Disclaimer : this is not analysis, only pure that on my mind.  ;D
But i always think every holiday either it is christmas, or maybe other holiday like new year, chinese new year, etc. Must be ready with market and save my fiat. Because price will dumped and people withdraw and get their holidays. But no analysis about it, only what i think so far.

Just expect all people to dump their asset, but next year it could recover positively. We need not to worry about that, because everyone will tend to do that due to personal expenses. Every person has to spend during Christmas, so we should understand how it works in the same manner.

actually in my opinion there is no connection between bitcoin and christmas. it's just that some of us do sell part of bitcoin to buy gifts and celebrate Christmas. because this statement finally some people assume that at the end of every year bitcoin is always a dump because many sell bitcoin for Christmas. although there are indeed people who sell bitcoin for christmas it will not directly affect the price of bitcoin because the amount of bitcoin sold is not too large. so I think this is just a coincidence bitcoin went down when christmas.

Well i don't even consider that a dump though. Still above 7k and i still like what i'm seeing compared to last year. December 26, and the value at the moment is playing at 7.2k. Last year around this time we're having a continuous slide in value. And it's already a given that some people are spending their coins during the holidays. Nothing out of the ordinary with what we're seeing.

There is never anything special at Christmas and the end of the year, usually something interesting is at the beginning and in the middle of the year it is usually more interesting than the end of this year, some communities may be divided now that many people are speculating to get high prices in 2020 some others do not, but other scenarios if there is a dump it will not be under $ 5,000, it is likely that the next few weeks will be a new trend for bitcoin prices are more likely to look stable yet reach new ATH, all remain stable until early next year, so look at their next old scenario

Last Christmas 2018 I see a dump price on the market unlike in the year 2017 where all people are happy because they earn good profit on Christmas day and in that year bitcoin price hit its all-time high price. We do not know if the dump is coming but I noticed that this Christmas I see a stable price of bitcoin and maybe we will enter a new year with a stable price. What do you think about the New year? are we might see a stable price at 7,000$ or not?

You can't certainly expect that this Christmas season will see a bullish market just like of 2017. What you've seen to the current market position today is not really bad as I concluded. Though we are not able to make another ATH this season but couldn't deny that Bitcoin is still in a good position and might be possible that we are moving back high again early next year.

Christmas is over, and bitcoin is still in the support zone, it seems like December is not the season of bitcoin,
but the altcoin season, the altcoin season is still not 100%, we must wait until bitcoin dominance drop

I can understand people who need money for Christmas, I mean if you are celebrating something big, you have to spend money. Even if you are at home that is a bit of a cost to you and considering how many small investors there are in bitcoin, that must be the first thing to go.

If you have stocks and gold and whatever those are conventional stuff that everyone invests into in the world, bitcoin is more niche, and telling your family that you will sell the gold to buy Christmas stuff may cause some issues, same with stocks, but you selling the bitcoins you have to cover the expenses would probably fly over their heads and they would think of it as "free money" instead. So, it is much much simpler to sell your crypto to pay for stuff, nobody questions your decision making.

What have you seen last three years when Christmas day coming how about bitcoin price, almost have lower price always because Christmas is become most terrible time for bitcoin have lower price, never in Christmas moment last three years can make bitcoin have higher price because many investors trying for selling their bitcoin in Christmas moment.

When Christmas is sure to have a holiday, when holidays the market volume will decrease, which means prices will not cause significant turmoil.
There will only be sideways until the holidays end, until waiting for the trading volume to start crowded again.
So enjoy your holiday over Christmas rather than being confused to monitor the current price of bitcoin because there is no significant price movement.
You can check the chart in tradingview or in your favorite exchange. ;)

What do you mean bitcoin dominance drop? btc will never go down to its dominance it will always be the top cryptocurrency for more years. The reason why the price are still hanging around the support level is that some investors have still a doubt over the market situation where it was supposed to be pumping right now because of the 2020 btc halving.

Additionally the scamming event of plus tokens add the doubt of the investor right now since they accumulate a huge volume of money which can contribute for the fear of new investors to come up right now maybe the season doesn't affect for now but let's think In good way that there's a great price change will happen next year.

There is nothing as price dumping for every Christmas. Last year there wasn't big growth, and same is with the present year. During the year 2017 it gave good growth. As most users mentioned bitcoiners were found in large number in Western Countries than the rest of the world. This makes more selling of bitcoin during the Christmas season. And this increased sell off is misunderstood as reason for price drop. To be true this isn't the reason for any form of price dump by the days close to Christmas.

I don't think it's all December though, 2017 was purely different.
Moreover, if you think it's affecting all December then it's because December is when most people close some of their investments for another for the coming year. Those who feel that Bitcoin is not giving them any return might want to reinvest the funds into something else.

It could pump or dump at any day, Christmas is not a significant event in the market, true people might sell to get money for holidays but it should not result to a market dump, the only reason I can think of that will result to a market dump is when there is a bad news. THAT'S IT!

Christmas is already done and we are near to end the year and I didn't saw any big price movement yet, so I don't know that the price will lifted up in the end on december but I am sure that next year will be surprise and for sure the event will give a big impact to it. I couldn't imagine how far the price will up and how users are getting ready for it but also for sure we will experience a better scenario next year that we can't expect.

Some people believed Christmas withdrawal or exchange of bitcoin to fiat does not have any impact on its price which I strongly disagree close watch of btc/usd chart in the last few days shows a minor decline in its price and market volume decreasing significantly, once the holidays ends market volume is going to increase invariably result into pumping of the price.

I will agree with you mean about the scenario next year 4 days we will enter the zone in question ,when many experts also consider it real and will also lead to people who will always be enthusiastic about raising prices ,this December still looks good not there is a big dump on the market

In which case, we should have seen those people close it off even in November already dyring the sudden dip in that month.

The Christmas theory might have worked a couple of years ago even when the Americas and Western Europe psychologically felt the influence of the new year and Christmas.

But the Bitcoin world isn't as homogenous anymore. More people, owners and users coming from emerging economies, where Christmas isn't that big a deal, and where the calendar year doesn't end in December.

If there was any effect, this would be the last years to get a sniff of it.

I'm not so convinced that there is direct link between Christmas and bitcoin price.
Some think that price is falling because many users exchange bitcoin for fiat because of excessive spending during December but still that can't influence the price so significant because that is not si large number of users. I don't even think that price will recover with beginning of the next year.

There is no relationship at all all pure market movements.
Not everyone who celebrates Christmas knows bitcoin.
Maybe it will be different if everyone already knows bitcoin then I'm sure will have a big impact on the price of bitcoin.

Maybe there is absolutely no correlation and maybe we are just forcing to find something that is not there. Sometimes the market needs to find someone to blame for the fall, for example in September when the price went down everyone blamed BAKKT for their horrible start, now I am not saying that drop wasn't because of BAKKT but we can't directly find the connection between the two, all we know there could be some rich person who sold thousands of bitcoin at the same time as a coincidence?

So, same goes for here, bitcoin went up like crazy just 2 years ago during the Christmas time and made the all time high, that means if there were people who always sell their coins during Christmas to cover the expenses, they didn't need money 2 years ago? There was no Christmas on 2017? Could it be regarding Christmas? It could be, but we can't say it was %100 because of that.

I remember a few years ago there's a lot of people that has the same opinion that people will cash out during holidays because of the tradition of giving gifts and the same goes for other events like Chinese New Year. But it's different now, we haven't seen a huge pump/dump during the Christmas day but before that we saw the market went through a huge dip. I think we're about to see different scenario from time to time, pumps and dumps are coming at different time intervals and occasions.

breakout has been seen, bitcoin prices have tried hard to go up. For Christmas, I think it has no effect. it's just after this, I hope that bitcoin has a good year-end closing. at least able to break the price at $ 8000. because if bitcoin closes at that price, then the next is a new level for pumps.

Breakouts have taken place, and few altcoins too have slowly recovered. This might be a beginning for the growth. Compared to the starting days of the year what we've got is a good year ending. In simple if there is no growth from the second quarter of the year now people might be in panic that there won't be any further growth. Now that isn't anymore in the minds, people always look forward with hope for a steady growth.

We already see Christmas is over, but the spirit is still there, and the bitcoin price is not moving to another price. I think bitcoin price movements might be starting to moves after the new year because people are now taking a long holiday so they will be back in the market after the new year. But I don't hope or expect we will see a dump that will come.

Bitcoin failed to pump during Christmas and now let’s hope that we welcome a new year with a great price trend that will push the price to reach the top. Have a blessed new year for us and hoping that bitcoin will be great again, hoping that the halving will make a big difference on its price.

Isn't it we have a good pump around $7500 though? However, it seems that it was just a bull trap as the price simply went down to $7200. So let's see if we can go back to $7500 at least up to the end of the year. And then everyone should look forward as what 2020 will bring to us. Two years from $19k (all time high), let's hope for at least another five digit run next year.

That's just an hypothetical theory made before but I don't really think it's relevant to believe those words since we already seen that in every Christmas Eve there's either stability or pump happens but there's no decline maybe we saw those little dump on past few days maybe the reason of that is the hacking incident which involves with plus token.

And there's no supporting fact that needed to worry about cashing out and go crazy with this season.

It seems Bitcoin did not dump this Christmas instead it tries to rally but instead go sideways.  It seems history of Bitcoin getting dumped on Christmas does not happen, I just hope that history of price of Bitcoin before and after halving wont break its tradition else it would be a disaster for those who are waiting for this event.  Though it would be a Bliss to those who wanted to buy Bitcoin.

After reading some comments here I understand that most of the people are not agree with this. So at this moment, I am locking this thread to reduce spams. Thanks to all who replied and clear me as well as the community too.