Bitcoin Forum

Lot of Investors are confused whether this new Btc bull market were riding in December 2020 relates to the start of bull Dec 2016 where this bull market will continue into next year $100k bitcoin or whether this bull market bubble will be popped ended in a few weeks from 35k crashing to below 10k?

Why it has to be the month December, what significance the month December has for Bitcoin? Isn't December the end of year month where Hedge Funds around the month rebalancing their portfolios and the the month where we need to sell assets to buy Christmas gifts? Also what about Tax implications in Dec end of year?

What months usually tax year starts & ends?

Is December the best month of the year for Btc to start or end at? Why cant it be another month apart from December? Why not middle of summer July?

Lets not forget we had the China 2013 Btc bubble in Dec too ???

The market since 2018 has moved faster than the previous 4 years. You can naively say the bull market now is moving ahead of time if you compare what happened in 2016. Fortunately, you can ignore it because it is an ending of warm-up phase and Bitcoin is in Bullish and today jumps to its Bullish extension, the thing to know is Over-bullish not yet to come.

You can hold bitcoin till the Over-bullish time or take profit and wait for pull back or flash crash to accumulate more bitcoin. If you decide to take profit, please be clear at beginning that you want to take profit to cash and wait for chances to enrich your bitcoin amount. If you can not enrich it (no pullback), you at least successfully take real profit.

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Do you mean the December effects?

• Bitcoin price history -- most profitable and bloodiest months, days (https://bitcointalk.org/index.php?topic=5298742.0)
• In fact, December is one of the most volatile months (it contributes many days of most profitable or bloodiest in the list of top-30s).
• Rises or falls, there are two opposite traders on the market, winners and losers

I hope the whale investors see or read that comment. It surely would scare anyone buying at this time.

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However, I do sincerely agree that your observations are right OP. December is always the time investors take profit, thus the market tends to plummet at a time like that. It was in December that the Bitcoin ATH of 2017 also occurred before the crash that crippled Bitcoin set in till now. But whatever that's boosting Bitcoin at this time must be on steroid. December is a month to be skeptical investing but who knows, this could be a different December since it's a halving year with all Bitcoin awareness and mass adoption gearing up.

If people dump their bitcoins now then wont there be tax implications for that?

What about the usual dumping/selling assets to pay for Christmas holidays & presents we always hear every year? I thought the economy we live in today is paid for by debt and hence most people by xmas gifts with credit cards so what's this people dumping assets for cash to pay for their Christmas festivity holidays? This sounds good as it means its paid by real money not debt but then again our debts at all time high now  ???

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When do you think we reach over bullish stage of this bull market cycle? Do you mean btc is in a warm up bull cycle now like it was in Dec 2016?

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If the US Govt passes the stimulus bill and everybody gets their stimulus cheques through the mail. Then do you think these stimulus cheque retail investors will cash out their cheques for bitcoin pumping bitcoin price higher than the big institutions have pumped it to?

Or you think retail investors will dump their stimulus cheques in the stock market at all time highs now?


[moderator's note: consecutive posts merged]