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Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

I'm not like that person. Even if somebody is telling me that we should do this and that to make it a better feast, I don't call on it. I know how to fix my expenditures and how to budget. There's really no need to be that elegant if you're on a budget. Just accept the fact that there's no need to be showy about how wealthy you are with other people. Just be wise and simple and that would do the thing since this holiday seasons are always long and we need to be tight on budget.

Just don't believe in FUDs and don't fall for FOMO's. Easy to say though tbh, just that finding those FUDs and FOMOs is actually the hard part. That's why DYOR, and judge for yourself what you should do, no need to pressure yourself into following others though if that's what you're go-to strat is, then be my guest. Though really the safest option here is to invest what you can afford to lose so that even if everything goes to hell, you'd still be able to live yourself pretty well without having many worries about debts and whatnot.

well, everyone needs a new plan and learns the shortcomings of the previous plan so that the potential profit that we can get in the coming year can be bigger this year. well, to be honest i still have the same plan, which is to buy some crypto to hold for a long time, especially BNB as i'm pretty sure the price will go above $1k in the near future. it's just, we really need to see and improve the plan.
however, we are indeed very easy to move because of FUD and HYPE. This year, I'm like that too. it's really hard to hold back when those things come. I even had time to invest in P2E, but I thought the project was a potential scam, and is currently not developing. well, if i just focus on investing, maybe now i have enough assets. well, a lot of things have to change.

We should be wise to control our expenses monthly, no matter if we face a new year or anything, including the season in crypto because that will relate to our budget. Every people will have their own plan related to what they want to do in the next year so we can not just follow the other without calculating our money and preparing for the next year. That is our money so we need to fully control our funds and know how to use the money. So I do not feel too serious about seeing what other people will do next year.

we don't just focus on getting a lot of results, but we have to manage expenses so that they can be used as well as possible, so that we still have a lot of money left to invest, so that later we can manage finances well, where our old age can be facilitated. The temptation to buy things that are not needed today is very much, so we must be wise in spending them

People can do whatever they want with their cryptocurrencies.Selling them is one of the options.
Why are you even giving this advise?Are you too afraid that the people will sell their crypto and the crypto prices will drop? ;D
The holidays won't break people's wallets.I've never seen anyone going bankrupt due to way too much overspending in the holidays. ;D
Selling a few hundred dollars worth of cryptocurrencies in order to spend for gifts and food won't ruin my financial situation.
What makes January more special than all the other months?Do you have bigger expenses in January?
I usually don't spend more money in January,compared to the rest of the year.

Budgeting is the key to it. You don't have to be that stylish and decorous just to say that you had a prosperous year. But if you're that type of person that regardless of your financial status and situation and you're that festive, no one can stop you from doing that.
Just be wise how you're going to celebrate, just for the sake of celebration any type of celebration whether your table is full of food or not, as long as you're keeping up with your loved ones, I think that's the most important thing on this holiday season.

Prodigal spending should be discouraged, but if someone need money for Yule, why not spend the one necessary to be spent. In fact, I have converted some bitcoin to my country fiat for Yule spending. In fact, I have spent some. I have my holdings in bitcoin, not in my country's fiat. I do not have any option than to convert some.

the economy is something that will be interesting to see the follow-up to and regardless of what happens after this season it depends on what we do. It is our large or small expenditure that determines and of course these actions will have an impact on the finances we have later.
don't be too fixated on other people hold your coins while you can even if it's difficult I think it's a very doable thing as long as there's nothing urgent

Is just the year that's ending and we are starting another year which you have to survive, if you endup spending your money unnecessarily this festive season then you will have to pay for the reckless spending you did during the festive period after the new year starts. I believe everybody have to celebrate during the festive period but whenever you are spending make sure you spend on necessary things and save money to prepare for the new year.

Good to remember Satoshi, who was tweaking the last few details of Bitcoin around Christmas in 2008.

Remember this and focus on being productive instead of buying useless stuff.

In my country, there is a sign of how you will celebrate the New Year, so you will live the whole year. Therefore, people do not regret setting lush tables with various kinds of food, holding festivities, and do not spare money on gifts for loved ones.
But I always agree with the OP and the others  that for all the holidays, there should be a spending limit that you can allow yourself.
And of course, at this time, exchanging bitcoin for fiat is not a very sensible thing, but if there are no other means, then it is also not worth depriving yourself of holidays and the pleasure of giving gifts to loved ones. You never need to put off your life for later. Live in the here and now.

I can agree that everyone should spend as much as their abilities allow, but I do not agree that someone should refrain from selling a certain percentage of BTC to allow themselves and their loved ones to enjoy the upcoming holidays. There is only one life, and we will only see 2022 once - and who knows what will happen next year, maybe our basic human freedoms will be even more limited.

In addition, Bitcoin comes first as a currency, and only then as a store of value - and when more people would think that way, Bitcoin would have a much better chance of succeeding the way its creator envisioned. So do not hesitate to spend at least a small part of your BTC, who knows what awaits us next year - a long crypto winter or some crazy regulations.

Advice for the holiday season

-Fluids like gasoline are denser at colder temperatures. Consumers can get more gasoline per volume filling up their tanks in the cooler hours of early morning or late night, than they would in the warmer afternoon.

-If burning wood to stay warm becomes necessary, avoid burning termite treated lumber which can contain toxins like arsenic.

-Indoor mildew and mold which can multiply out of control during high humidity in winter can be killed with a mirror reflecting direct sunlight.

-Black friday and the christmas holiday season are normally the highest transactional volume for bitcoin and cryptocurrencies, with I think january being the lowest volume month. Whether these trends will remain constant or shift is anyone's guess but january I think is usually a slow month of the year as far as crypto goes.

Good management and management should not spend one moment and then the next moment we will starve. Well, always save money and it's not too easy to be tempted to sell everything. At a minimum, set aside what is currently in your portfolio. Since 2022 no one knows, it could be a profitable year. Spend moderately, and keep crypto at a stable value if you are not ready to face a correction or in Bitcoin can increase profits even more.

However, ideals collide with needs, everything becomes a necessity for us to sell what if it can give us the strength to survive the market waves.

This depends on your goal as an investor and for your long-term plans. Remember that every investment is soon to be withdrawn and cashed out as fiat. It depends upon the purpose on which the investor has allocated it for. For example, you invest in order to purchase something in a given date; or you invest for future expenditure.

Many investors have already cashed out some of their investments due to this season. While it is advisable to HODL your cryptocurrencies for long-term profit, I also do not see the problem of converting them to fiat if it is for a purpose that they think that is beneficial to them.

That is if you don't have real need for it. Your investment is meant to help you to finance your challenges when the time come for it. You don't have money and go begging all the time that means you don't really have good plans for yourself. Agreed that you don't need to cash out every time you have little challenge, that is financial mismanagement and frivolous spending but if you have personal things you need to do with money, why not look back to your investment especially if it has got to some high and with profit.

It's another season to spend and it can't be avoided just that it can only be minimized. When the Christmas comes around in my part of the world it's time where people come together to celebrate their achievements, state their challenges, get to meet with new faces and recreate lost bonds. Spending this season can't be avoided it can only be minimized that's spending wisely

Money management is very important not only in trading but also in real life. I always save for funds for such an occupation where I may spend some money if needed. I like a person who participates in social activity because it keeps us positive and relief our stress. But overdoing anything is not good.

Actually, it's common that the market will take a correction before Xmas. People plan to travel with their family or friends and to bear that expense they sell their share.

Someone jokingly said why would anyone even want to spend at Xmas season when Jesus, the supposed  celebrant, hasn't invited anyone to any party. Despite the fact that it came off as a joke, it's a fact. More so, I think those who indulge in unnecessary spending for Xmas or any other festivities are being childish. Every adult, who is adult, should know that every year there's always a Xmas on the calendar. Xmas celebration is unending till the end of time. My advice to any one out there is to be sensible in their expenses.

I'm of the opinion that January even begins in the third week of December. Technically, it has around six weeks; not four weeks.

What happens is that like always people do not use a budget when it comes to their spending, I understand that people spend more money during the holidays as you have to buy gifts and maybe organize a fancy dinner, but the thing is that we have all year to prepare for the holidays so it would be easy to save a little bit of money each month so we do not have to sell any of our assets to enjoy the holidays, but most people do not think like that and get into debt to get all what they need for the celebrations.

Made sense, but not everyone has the same views and thoughts because most of these people celebrating as part of their culture and beliefs. So, we cannot say that it's not an adult thing for having a feastive Chirstmas celebration. It's the culture and we gotta respect that.
However, It's also correct that we need to be responsible for our spendings.
So, either way there's definitely no wrong or right.

im not the part of that thing, but in my place, people will celebrate what they want to celebrate, although its prohibit from faith. the reason is, the older do this thing, and just follow the older. doenst mean all of people do this, but most of them spend money for something useless. and that thing always become routine, unless younger realize and change to do something useful.

But with the seemingly next wave of covid variant, I think people are already preparing for the possible worst case scenario again.
With what we have been thru in the past couple of years, I have the feeling that a lot of us become wiser and smarter when it comes to spending habits.
Though some will celebrate because that's part of their tradition but high likely that a lot of the population will be saving for another rainy days to come.
We are still in this pandemic era where a lot of people haven't recovered yet from the first wave of covid effect.
So even without the advise, I believe, people know what to do already. Particularly those who had difficult life during covid crisis.

You are such a grinch.  ;D This is the right season to spend some money man, we are just trying to keep the local economies afloat so if you can do something it is the right moment to do so.

Now, in general terms, it makes no particular sense to gift expensive stuff right at the moment that is more expensive. The value of a gift is not as much how you spend but rather the time and effort you put into making that gift just the perfect thing for the receiver -  and believe me that is not easy with many people, particularly those who anyway can pretty much buy themselves whatever they want.

People who are from middle-class families do not have many plans at this end-of-the-year season. That's enough if we can manage families wisely. And about the cryptocurrency, I don't intend to sell any. Rather than I feel this is the time to fill our bag by accumulating on the dip. But sadly a few holders intend to sell at the end of the year, as a result, we have been seeing a red market. On the other hand, those who don't have much patience becomes panic and increase selling pressure. Cryptocurrency isn't a seasonal currency and we should think about it deeply. Shouldn't make a plan and decision that would harmful to our wealth.

I will not sell my crypto because of celebrating the new year because that is not worth doing. In the new year, we should reflect on what we did last year and what we want to achieve in the next year so we know what we must do and how we can do that. Maybe we need to plan what we should do and calculate the budget we want to use to invest in crypto. We need to be wise in preparing for our future because we need to have responsibility for our money and not spend on unnecessary things that we do not need.

Don't get me wrong on that. Truth remains that a lot of people do things because of pressure, and not necessarily because they would've wanted to do them on their own. That's the point I'm struggling to remake here. By the way, if you're alluding to Christmas as part of culture and beliefs attributes; that won't be correct because there's no where it's stated in the books that Christians should celebrate it. Not even Easter too. We should see the celebration of Christmas as more of a cultural and traditional thing. That was how the whole thing began in the first place. I think a lot of people take out the time to unwind around this period because it's a celebration that comes at the near end of the year. There are company and business holidays at such end of the year and most people utilize the time to travel and visit loved ones. Apart from that, there's nothing special about Christmas.

Too bad I got to pay taxes and at the moment I really need a lot of money. Your advice is good but for some other folks out there who are having a hard time this year have ups and downs. And one of them is me. I am currently building my house and baby number two is coming so really need the cash badly.

This is timely and relevant especially now that we are in a holiday season wherein there are several occasions that are really festive such as thanksgiving, Christmas, and New Year in which people really tend to overspend over something that isn't really necessary just to boost their ego and brag in social media. During these trying times, it would be much better to just spend within your means only or even below it if possible to avoid having loans that could result in chains of financial problems in the future. Just spend what you can afford to spend. Do not go over your budget as it would cause huge trouble later on. If you don't have the budget to buy something you just want, then stop eyeing it in the meantime and just save until you can already buy it. It would be a smart move to allocate your finances as early as now on the things you have to buy for the celebrations and for the gifts to your loved ones.

If you don't really need the money like for an emergency reason, my advice is to just hold until this season is over. Since the market is down, you will not really get the best out of your portfolio by now. If you could wait, then just wait for next year. But of course, the decision is still yours to make. After all, we have different goals and we enjoy things in various ways. As for me, I practice delayed gratification to achieve what I want to achieve and to really enjoy the fruit of my labor and patience.

Do what suits you best, that is the best advice I could give aside from unsolicited opinion to hold your coins. Just do spend responsibly. You can always enjoy today without sacrificing and robbing your future.

For sure there are some investors who already sold some of their holdings possibly at the peak of the market just to have some funds to be used this Christmas season.
There are some as well who just sold their holdings right now either in profit or in loss just to have money to spend this festive season. Of course selling your assets at a profit is still good especially if you are just a short term holder but if you sell your assets at a loss then there is a problem.

Overall, I agree that you shouldn't sell your assets just to have money to spend this time. Planning and following the plans should be the main priority as an investor. As for me, I did sell some of my assets but not to use this festive season but to invest into other projects :D. I didn't sell my assets just to spend this time since there is someone who will be doing it and I will just eat, eat and eat. Spend wisely as OP said :).

The high expectations for the end of this year have clearly not been met, and there is no doubt that many are disappointed by this. The belief that the bull market is over and that a long crypto winter is coming will surely cause some people to want to sell, especially because many want to spend part of their profits this part of the year.

However, some say that the biggest culprit for the current situation is again China, ie their users who will no longer be able to trade through the Huobi (https://www.huobi.com/support/en-us/detail/54886961978434) crypto exchange, which results in mass sales in that part of the world. It is good that the West manages to accumulate all this, so the price could start rising again when the pressure of sales from China decreases.

You are right. I have seen a lot of people that are taking out money to spend for the festive season, seriously I have no such plans at all. For sure there would be little merriment, but not the type that would require me to break the bank and make huge expenses, nah I can’t do that. I’m conscious of what I am doing and how I am spending this period. Anything that I am doing is just going to be small expenses that won’t cost much.

I already have my savings locked up, and I am making plans on which coins to invest in before the new year starts. Although I have a few already in my wallet and they are doing fine, just like the Terra Luna that has been increasing for a long time.

Bitcoins already increased by quite a bit over time and at the same time we can see that other cryptocurrencies are also looking good. People who were holding them and did not panic sell can have a sense of relief. At the same time I always find that during the holiday season it's best to exploit the discounts, putting off something like : microwave?? Viola! Christmas discount! So I put off buying things till the holidays and they usually work really well therefore I do think that people who can manage money wisely at the same time keep a track of discounts and how they can use it for the best can actually not only go through with presents in each hand but also save for the longer term.

I think this is good advice for younger people, people who live alone or only with a partner... than you can do exactly how you want it, and nobody can shit you about anything, at least you shouldn't allow that! But for us older guys with families it's a bit different, kids want what they want, and you can forget them... and in the past days my kids get presents from others, so it would be nice from my family to return that to their kids... all in all money needs to be spent, one way or another. I am good, I still don't need to sell crypto for all that, I have my own money, but if I have to I would sell to make kids happy...

I believe it's what you believe will always be followed and there's no wrong of being different. Some cultures are bound by religious beliefs that's why if you've met someone who's opposite from what you are believing just let them do what they want.

The Op's suggestion is just for traders/investors who has a target but I don't know if a trader would want to take some of his capital in order to spend some time with his/her family or just focus on trading until they hit the target.

I am not even Christian, or even my nation, where I live there is like maybe 1% Christian population and yet we still celebrate "Christmas" not in a religious way but more of a cultural thing and basically just to have fun.

Life is boring as it is, wake up, work, sleep and so forth for most people in the world, it may not be for us in crypto world and could be a bit more fun but 90% of the people live wakeup-work-sleep cycle and that is the reason why we try to have fun no matter how it happens, including something cultural that was based on religion once upon a time. This is why I believe that we are talking about something that is very dangerous here if we keep considering it only in religious terms.

good advice ! but spending money on holidays that only once a year is important because our brains need freshness ,every day we look at trading so it's a bit stressful ! so the new year's moment is very important for a holiday ,earn money for self and family pleasure ,not to be sick

I am sure that everybody has its habit and also condition to make what kind of memorable this in the special moments. Because sometimes, it is not only about individual but including all family members.
And I am sure that everybody will do something based on his good plans that have been made for some long times. And they will do it based on their own ability.
I am sure that in crypto world itself  some people willnalso utilize this moment as usual.

the end of the year is the end point of everyone's bookkeeping in finance, so if there is more money there is nothing wrong with taking a short vacation before welcoming the new year, but we must plan for the next year better because, spending every year will definitely increase so we led to the existence of the expenditure plan,
similarly in the crypto cycle after 1 year of turbulence at the end of this year the market wants to take a short break for refreshment in early 2022, with new surprises whether the market will do better or we will run from a bear market

Many thanks for your advice anyway but am sure many people hear knows what to do with their hard earned money and if anyone choose to spend it the other way that may their way of life they choose to spend their money for money is actually meant to be spent on something dear to you. Good people please enjoy yourself for life has no duplicate!!

Agree its our own preference. If we like to spend it one day then why not its our choice as long as its our money and we dont go broke . Also before spending think ahead before spending all so that you do have something up to like putting a small business that would be as a remembrance for that money

Merry Christmas to all, this is a good tip to remind those who work all year to spend their money on this day and on New Year's Day too, that's a big waste spending all these big expenses in one day, but this has become a habit in society and it's hard to get rid of, price Bitcoin is low now so it is never wise to sell at this price for Christmas because we are on a date with a big rise at the beginning of the new year and selling large quantities at this low price will cause a lot of profit loss.

It would be nice to spend during this holiday season. But it shouldn't be made out of whatever external pressure.

Christmas is a season of giving, having fun, taking a break, and so on. Especially if there are little kids around, it would always be best to let them feel the spirit. It is highly encouraged to spend a good amount so that these little kids will be opening gifts, sharing smile and laughter, eating their favorite food, and so on.

Even to a poor family, Christmas is, or should be, the most joyful and wonderful time of the year. You have more than 350 days in the whole year to save a little for this special season.

Don't be the Grinch!

Actually I always have a routine agenda every Christmas and New Year, usually I always take my family on vacation. As you said, everyone wants
to celebrate Christmas and New Year with their family, so be sure to prepare for this special moment well. But because COVID-19 has spiked again
due to a new variant, I chose to spend time with my family at home. So it looks like for this year I will not spend a lot of money to celebrate Christmas
and New Year. Even though the profit I made from investing in crypto this year was much greater than the previous year. But because of COVID-19,
the percentage of coins that I have sold for Christmas is not as big as the previous year, because I might just eat some foods with my family at home
and buy some Christmas gifts for the kids.

Hopefully, this new year will be different than previous years as we can go to the public areas, although social distancing is still needed.
Although the crypto season is still not showing a good movement, we should be grateful that the price is not going down too deeper and can still increase soon.
We do not have to sell our coins to celebrate the new year because we still need to prepare for the bounce up of the price that could happen after the new year.
If you want to sell your coin for your needs, you need to calculate how much your needs are not to spend almost too big to celebrate the new year.

My best advice for the season is to try to have your own money management strategy, avoid acting with your emotions and stick to the plan especially if you are working on financial markets such as cryptocurrencies because recently, we see many people talking about the price in short term and to do panic sell or greedy buy and all these emotional decisions. History already gave us this advice to have patience in the financial market, the price may go down in a day for 15 percent or even more, and here is the price level where everyone will do panic sell while the successful investors will no such thing and that's how they get profits.

Thank God I have my wife to do all those budgeting.  :D I don't want the trouble listing every grocery item that she needs to buy. I just need to bring her the money and some allowance then everything will be served smoothly. We don't really spend much during the holidays. It's enough that we are together and enjoying simple food on the table.
I don't think it will scratch our cryptocurrency savings as we have cash all ready for this kind of events. Thanks for the heads up though and I agree with what you are trying to say.

I dont even think that the chance of spending crypto for buying stuff exists in most countries but only a selective few where it has been made easily exchangeable. Even then many people will have been saving up for the holidays and they will spend a lot of buying gifts for their loved ones and booking tickets back to home countries, there is no problem in that, every one needs a break for crypto and spending time with family.

The current market price is not indicative of that, there was a rise in price last evening to 49k and then drop back to 48k and today it is at 49k again. This is indicative of a bullish trend or a buying pressure which is opposite of what is generally expected. It can also mean that people might be spending but there are buyers for bitcoin.

I agree with the second part of what you say, but not with the first part. I have more liquidity than ever, I follow a spending budget in which the first thing I do is allocate money to investments, and, in addition I also have a section for myself to enjoy. Why shouldn't I do it at this time of the year?

Regarding the second part, yes I agree, assets should not be sold to spend on Christmas/Holidays/parties. They should be separate things.

You'd better build your assets and also enjoy life.

It all depends on the situation and circumstances of each individual and what they do is their right and as long as they make money for their loved ones I think it is okay to have fun with their beloved family.
The important thing is to do it as needed and we can look for it again or make a new plan so that the expenses that occur can be covered because we are looking for money for them and so they can feel fun on holidays or the most important moments.
Don't be stingy if it's for the people we love even though they are in a disadvantageous position, because there are times when we feel loss and gain for the people we love as long as they are there and together.

Celebrating is good, but do not do what is bigger than you because of all in the name of celebration. Celebrate according to your the size of fund that you can afford.  Do not try to meet up with the expenses of Celebration. The season will come and go but the debt of expenses will still be there to clear off. If no money to Celebrate relax , money will definitely come and the next season will be Celebrated very well . Do not leave debt on your head because of Celebration.

Success is not only earning money but keeping it and increasing it. Many people earn some profits from their investment and then they use that profits for their pleasure. But what we should do is something else. We could circulate our profits to another project to increase our wealth. What we do today could change our future forever.

I always have some plan for such an occupation where I need money. So I hope I do not need to sell my initial investment in case of emergency.

This is actually pretty good advice overall, but I would add that no one can really control whether they have to use their money (or bitcoin) if it’s all they have to spend. It’s great to try and save up as much crypto/bitcoin as possible but bills have to be paid. I guess you might be referring more so to extra spending, in that case of course you should always do you best to save.

Actually you do have a point, but mind you that one can't hold and hold all year long without spending, there are times when spending becomes very necessary, there are other times when you just have to spend money to celebrate the season, in my opinion, there is nothing wrong with that, as long as you're not spending above your earning/income, then there is absolutely nothing wrong. The Christmas period is a time to share/show/send love, thus if you must spend to make your loved ones happy, then go ahead with it, just spend wisely and with caution, and remember to always have plans of growing your investments in the following year.

Well, Christmas makes us more spending as it has always been the trend eversince. As long as you have separate budget for it without touching those other funds intended for your savings, i guess that will always be fine. And besides, its a once a year celebration so it's never a bad idea to spend as long as you are not overspending. Because if you do, then it's always possible that you will be struggling in your finances in the next months to come so better spend only according to your budget limit.

If you have to sell crypto in order to buy presents or anything else, there's a good chance you're overinvested in crypto to begin with.  Whales sure as hell aren't selling their bitcoin/ETH/etc. to buy stocking stuffers, and as long as you have enough fiat to buy such things with, it makes no sense to use crypto instead--not with inflation starting to get out of control and while bitcoin is still near $50k.

I'm not sure about the "societal pressure" part of your statement, OP.  We all experience that in one form or another and bend to it to some degree whether we like it or not.  If you want to be a grinch during the holiday season, that's your prerogative, but I think it's a nice thing if you can afford to buy friends and family some gifts at least once a year.

Buying them with bitcoin is a mistake, however, unless you have so much of it that your gift budget doesn't even put a dent in your holdings.  And even then I'd still spend fiat rather than bitcoin for the reason that I mentioned.  Why be stupid with your money?

Bills should always be paid because they are our monthly obligations and knowing that we got to consumed and benefited from them. But when it comes to extra preparations like Christmas and New Year, i guess it will not be bad at all if we spend for foods for noche buena and for gifts to share this holiday season. Other than that, it may mean spending too much already. But in the end, its your own money so you are responsible to manage your expenses, enough that it won't create troubles in the next year and made you suffer financially.

Most people will get carried off by the euphoria of celebration to over spend. They drink alot and get intoxicated making them to lose control to do sorts of things that they regret after the effect of the drink go off then. This simply a time to be careful in every thing we do including driving this season because this season will come and go, we don't need to regret after the season.

be contented on what you have. if you are pressured because of your peers or colleagues to celebrate and spend money more than you can afford, then, you should know that you are surrounded by wrong people.
be modest with your lifestyle and you will realise that you will have more peace within. it is not about the things that you can offer to other people.

I do believe that its better to celebrate the holiday season in a simple way without being pressured that you should have a festive  celebration because its what most people do. But believe me, rich men do not even care celebrate much about christmas because they are still focus on their investments, and other businessmen do not even have time to celebrate. Of course, i still chose to celebrate but not spending beyond my budget.

Some people even take loans just to have a merrier celebration and suffer its consequence a year after. I guess there's no wrong in celebrating the season because its the most wonderful time of the year, but make sure that you are not over spending to the extent that you need to sell most of your cryptos. Because if you do that, you end up losing your expected profits because you sell your coins at a corrected price.

Recently on the first week of the December most of the coins fall down because of the season of holiday they pulled out some of their investment just to celebrate this season well I guess some of the people know the thing they are doing but again it's better to have their plans we don't know what will happen for the next coming month. Well still this is the team they need to celebrate for all of those hardworks they made over the year.

I am guessing that there is going to be a holiday spirit in most of the world, if you are living in a Christian place then Christmas could be present, or even if you are not in a Christian nation there could be some festivities, and most importantly new years is new year's everywhere around the world. I am guessing that the next week could be a little boring, I can't know this, I am just assuming it but by the looks of it people are looking at these coming days as holidays. Which is why I am assuming that there is a good chance we could end up with very little volatility, very little trading volume and even maybe a very little liquidity available as well.

Don't be carried away by the season, celebrate and remember the new year which life becomes new by then, the bills starts from the new year. Know the beginning of the year seems hard. To me instead of me to celebrate in this season and become broke in the new year, I rather don't waste any money this season.

That you are right! But can't stop people making their celebration more than a party, more than Christmas as they are still alive when the covid-19 strikes us. YOLO, people got this and think they should have to this big celebration with their family. But yeah, we still have to use our money wisely and not just to think today but also for tomorrow and for the following days.

Anyways, if you are a rich person, just do what you want.

The concept of advice for the season should not even be asked when it regards to crypto. You know what you have to do if you even bother to look at the bitcoin cash to flow models or have a hint of what happened in the past. The problem is that people want to trade and increase their positions but they do not really understand that they key here is to be patient, promote the bitcoin project and others perhaps and let the magic of deflation and limited supply to work in your favour. It does not take a season, it takes at least a few years, but is as certain as rain.

Yes, it is better to keep what we have, especially our investment in crypto because the crypto market can increase back so if we still store many coins, we will be ready to sell at the next bull run. The new year will come but that depends on how we celebrate. We can celebrate without having a big party and spend too much money, especially if we care about our future because we do not just spend the money without planning for our future.

Seriously this is not a time to be spending money without being calculative of what you are going to be facing in the future. The month of January comes with a lot of expenses, there are going to be a lot of bills to pay to the extent that if you are not prepared for it now, you are going to regret spending carelessly the month before then.

So, this shouldn’t be a time for people to be spending carelessly, rather they should be making plans on how they can get to earn more income at this time and be prepared for the expenses that they will be about to face in the new year time. Things like paying house rent for those who are living in a rented apartment is something for them to be worried about by now, because it starts in the first month of the new year which is January.

Yes, the worst thing people could do now is to be forced into a situation to Sell early, because they want to spend that money on Christmas gifts and expensive holidays. Try not to liquidate your Crypto investment before the "Boom" period come or after the recovery to the next all-time-high has happened.

I know most people are living on the edge between being able to pay their debt and not being able to do it in these Covid times when people are losing their jobs, but try to push through it, so that you can pick the fruits of your labor, when the price recover.  ;)

Well said. By selling early, because you feel like the season is asking you for it, is not a wise decision. Especially if you have been holding for quite some time, and what you own is set up for investment, then you won’t be able to reap the benefits of what you started. I think that I would rather prefer to have nothing on this season than have no huge profits in the boom period.

ya.ya.yo!

I have some responsibility and I don't give a heck about Xmas day, I will oy spend what I can afford cos by January 2022 I have some bills to pay, my kid's school bills, house rent and so on, Xmas lives forever it's a never ending festival so if we don't celebrate it like we want this year remember that another Xmas is coming in 2022

I have saved a lot of money for this month of celebration that is starting tomorrow till January 2022. Now that the price of bitcoin has hit $50k few hours ago, it will be better for me to reduce the money for celebration, so that I can buy more of bitcoin to be part of this good news that is coming to bitcoin investors.
Bitcoin price always change positively during Christmas and new year for those that missed their passive income from January to November to recover them from this month of December. Spend half of your money on bitcoin and use the remaining one to celebrate Christmas and new year in case the price hit $80k you will have something to achieve.

You are correct mate, I have seen people who unnecessary lavish lifestyle during the yuletide season, go and take out their Bitcoin or good Alt just to be able to sponsor their hunger of satisfying the unnecessary fast Life status they are choking on. To me this period is one for you to reminisce on this this year you profits, your loses and know how to build and even more profitable plans for next year.

Spending much for Christmas and New Year is never necessary. Just spend on the amount based on your limit and not that exceeds on your budget. Better think for tomorrow that you can be more profitable and this will be possible if you can manage your funds today, and not just enjoy today and then suffer tomorrow.

However, having this season needs to be celebrate but we can still celebrate this moment by preparing simple things that will bring joy to the heart of your loved ones.

Indeed, especially with Fed raising the interest rate soon, it is crucial to not overleverage yourself in terms of spending or investing.

If you take on a lot of debt right now you are going to feel the hurt very soon when rates start hiking.

Stay the course and don't do anything stupid. You don't need to get in the market when everyone else is hyping things up.

I would say if you are spending a lot of money on your holiday gifts or other stuff then you have no idea what you are doing. I am not saying that you shouldn't do it, but if you are selling crypto to buy a gift or celebrate it anyway you want by selling, that's not a smart move at all. Imagine your crypto as gone, there is no crypto, do not touch them and whatever money you have left is the amount of money you can use during holidays.

I am not saying there are no people like that, there are some people who are smart with their investments and there are some who are not, but that doesn't change the fact that it is not "forced" stuff, it is just bad economics to sell for temporary fun.

It's like the habit of people to celebrate their special day with loved ones. And usually, they will do a lot of things to create an unforgettable moment.
And it's certainly not just about money. Everyone is certainly in a certain financial condition and I am sure that each of them has measured their needs and expenses at the end of this year.
But I agree that we shouldn't spend more than we really can afford. Money management is very important, especially in this pandemic era.

Thanks for this great advice, this is indeed an interesting and helpful advice, because many people fall victim of such situation, I am among those who may fall into that trap of selling some of my crypto after flexing the budgeted money for the celebration, but this time I will try and limit it so that this new year will not be harsh. Marry Christmas in advance 🎉🎉

Totally agree, it's just that the tradition is a bit difficult to change even if there's a lot of advice, we can't simply throw away the tradition of spending unless you've grown up in a place that doesn't celebrate then probably you might be able to resist the expense this season.

When you have a certain amount of crypto that you keep in your wallet, then you should consider selling it when you really need the money. I will never give out a loan when I have crypto that I can sell anytime when I need money, so supposedly having some crypto in the wallet will be able to help us get money when we need it.

You shouldn't hold yourself back too hard when you need something, so some of the crypto you keep will help you meet that need. Selling some or selling all of them is an option, but when you have to make a loan while you have crypto in your wallet, I don't think it makes sense.

all i can say in the coming season is I hope not to leave the house too much because now the weather is difficult we also need to be careful who wants to buy and hopefully bitcoin will remain high and hopefully in the coming seasons many changes will happen in the market price and crypto  currency and it would not be difficult to get merit and hopefully get merit

Very timely advice just that most persons would read them but wouldn't settle for what has been said here.
It's very know that this is a season where people spend unwisely without 2nd thoughts but but that shouldn't be heard of any investor because as an investor, they're levels to the things we should be capable of doing and spending on frivolities without thinking twice is one of the things we shouldn't be caught doing.

As I see everything, I think it is better to put the money that you want to save in a bank to put it in BTC, it does not matter if the price falls or rises, the important thing is that you can trust the safest asset, action or currency that is BTC, depending on how the banks are doing, FIAT money and everything that has to do with BTC is much more attractive than putting money in a bank when there is so much rumor of a possible market crash, in my case I don't trust banks, much less In governments, I trust crypto more.

People get carried away during this season, now this does not mean that we should not buy gifts for our loved ones but people simply buy too much for too many people to the point that when the new year comes they have no money available at all and they have to go into debt to pay for their bills, and this is not the correct way to manage our finances, after all while giving and receiving gifts is nice there is nothing like having no worries at all because you have no debts and you have enough money to pay for your bills.

It would be totally such dumb thing if you do consider out on taking a loan or would spend up your savings or emergency funds just to show that you are extravagant when it comes to gifts
like this and like that.

Don't try to impress out people around and make yourself that rich even if you do know that your money wont really be enough on doing so, so its better to be
real rather than on showing something which isn't not right.

It's a season where many share love and that shouldn't stop anyone one from doing what they love best, beside one cannot work in the whole 365 days and not enjoy his fruitful investment, it's one thing to invest and is another to used them when you need them. I can't invest the whole my life, there is time to be serious, time to work, time to do family and there should be tlme to enjoy all the aforementioned.
Life is easy but sometimes, we make it hard, after all we will live them behind.

Exactly, I agree with what you say.
Even though this is a blessed month it doesn't mean you have to force yourself to give gifts as this is a bad thing to do.
be reasonable and give according to your ability, do not do things in vain to impress others that will make you regret later.

That is we have been practicing since before, we usually giving gifts to our friends and relatives, and even give to others as we shared our blessings and love. And for me, it wasn't a problem as long as we still have the money left for us and did not compromise our finances. It is all about sharing, and the more we do this, the more blessings to come back, at least I have this belief and I keep this one till forever.

Perhaps, we can bring these things for our whole life, at least if ever we die, these people can even remember our good deeds and can make them as a mirror as well.

For me it's important to not compromise the investment in bitcoin with seasonal events, but there is no problem in cashing out the profit made from this investment to fiat from times to times in order to buy gifts, give financial support to people around or to just have access to some miscellaneous goods for yourself.

Money's purpose is to serve us and in my opinion there isn't a better usage for it than a plentiful Christmas or New Year's banquet with people you enjoy to be together. If you have money for that, I'm sure it will be a very wisely spent money!

I had a few of my coworkers sell their stack over the holiday because of what their family was saying while they were back home.

I wonder how many others sold their stack because they are too busy worrying what other people think. This also made me greatful that I have the open-minded family that I do. There were many discussion about bitcoin at my dinner table this holiday.

This is good advice especially for those who are spending too much every holiday season without thinking about the possible things that might happen in the future. Instead of spending, it would be better to save and invest so we'll have something to gain by the middle or the end of the year. It's fine to have a bountiful celebration but we should also know our limits.

As said in the opening post January month will used to be long than other months. This is all because of the new year and dawn. Once January comes to end we can feel Q1 of the year have got over. Taking into mind the growth of cryptocurrency market and the need for a better life it is a must to sacrifice certain things that give short term happiness. This is true, more we limit and schedule the expenses better will be the financial progress in our life. People following this will surely find a difference end of this new year.

Preparing for the new year is the best option. You can't see the financial challenges that is coming in the new year. It is better money should be saved to be ready to face what comes in the year. Planning to meet up challenges is the best not celebrating without any Planning for the new phase of life.

manage your income and expenses, make the best possible plan in this season. if you need money, just sell the assets you have. Don't be afraid to run out of your assets, your needs will not exceed your income. I also often do this and until now I'm still fine, maybe even better.

Yes, it’s good to prepare for the new year. But as well people should feel free to celebrate since this is an occasional thing, it only happens once in every year. So people can celebrate,but as they are celebrating, they should also be conscious of the spending that they are making during this time of celebration. They should make sure that they are spending little money for the celebration, and not waste all their money just because they want to celebrate. A nice dinner with your family is enough for you to celebrate Christmas and the new year, and that wouldn’t be bad.

Most people do not have long term thinking, they are at most thinking about the next week or two, for example now that we are still on the first week of this year this could be the perfect time to begin saving for all the necessary expenses that we know will come at the end of the year, but will people do it? Of course not, they are not thinking about that which means that when this year reaches close to its end once again people will begin to try to save some money until the date is close, spending money they do not have after asking for a loan and then they need to pay interests on that loan.

Managing your income and expense is something that should be done by everyone and in every season, not just the holidays. It would not matter if you spend some extra on your family, they need you and they depend on you for their expenses if you are the sole bread earner - I dont see anything wrong in that. It is not possible to live alone in this world and be healthy.

But in case your trading or income was not upto the mark, spending a bit less helps to save some for the next year. Life is all about adjusting and compromises, you never get what you actually want but if your needs are like a common man, you will not face troubles.

Right now the holidays are over and the market is on the 41k USD mark. It is a good time to place orders on the bearish side and make the first profitable trades of the year.

Suggestions for this season are to strengthen mentality, faith, and add insight or knowledge so that we can be wiser in choosing actions, so that things we don't want don't happen and achieve what we want. Of course, with hard work, smart and consistent work

We really have to be wise in using the money we have, don't let us spend our money excessively to celebrate the new year. Moreover, our finances
are not yet stable and we also do not have savings for the future, which means we must be careful in managing our finances. Why are there more
poor people than rich people, because most people don't manage their finances well. The mindset of the rich is that more money they have is used
for investment, because investment will give you a bright future. Actually it doesn't matter to use the money we have to celebrate the new year or
use it for the holidays. The most important thing is that we can limit the amount of money we use, so that it is not used excessively.

Unfortunately it is not as easy as that. Sometimes you just can't say no to your family, money has this balancing issue between couples, if you have very little of it then you are probably either fighting or at the very best you are fine, people could be happy together without money and see this as "their" problem and not blame their spouses.

However when you do have money and you decline to spend it and just save it, unless your spouse is like you then you have a problem. If you tell your wife "honey we can take a 2 day break and go to some nice hotel and relax a bit but we are not going to do it because it is better to save the money", that is not going to be easy thing to make them understand.

I gave that example because that is literally what I am going through right now, I have a bit of money saved aside, and since me and my wife had a pretty rough period, she wanted to leave for a 2 day break, saying no while having the money was impossible so we will probably spend a very high amount for a useless "break".

this is a journey for a holder at a time when the mentality must be strong with falling prices if we sell at the time this topic is created maybe we will take it at this time but we don't do it so it's stuck to wait for a hold
and at this time we have to be able to strengthen our mentality because it looks like the price will continue to be steeper and if we have the courage to sell now and wait deeper to take it but we must have a steel mentality

It is called greed and it is able to control our emotions. That is the biggest reason and problem for the holder because they tend to sell it because they get scared like a spike drop. They think that bitcoin will die, so they will sell their holding, which is one of the characteristics of bitcoin. That means that you don't have trust in bitcoin because on red days you tend to sell your coin. Also, someone will be so greedy that they want to get all the profit but end up losing it all.

The winter season especially January proves expensive than other months. But there is inflation everywhere in the world. After the coronavirus, the whole world suffered and faced a financial crisis.it looks hard to meet the daily expenses. Now not only January but other all months look hard to spend. A few years before,We enjoy the winter(December, January)but today, the situation is different and hard for trips or visits.
But after all, we should plan for a better future. There is also the expectation for the rise in bitcoin price in January as last year, And we are hoping that we will earn well through stalking in the long term and through trading, mining also.

when market conditions go down like today investors are in two difficult choices.
the first option is to sell and buy again when the market starts to recover and the second option is to hold and continue to hope that market conditions will recover soon. This bear market is indeed testing our mentality as crypto investors but we must dare to make decisions even though these decisions are full of risks.

The keyword is "spend wisely", I mean people probably need quick money to buy stuff during new year and early January anyway especially myself, I do need this money for my needs for this month to pay college and stuff. I have been saying this so many times and it just depends on the people itself, they probably need money in urgent compared to "rich people" in here.

  This thread bumps in my mind and it's a great guide for my season. An all we know this month is more of an occasion and a routine we spend for that occasion. Yeah, before I've always thought about the present occasion and I spent more without manage but now it's a big pleasure to me that I've learned how to spend wisely my money on a self-learning budget and I just think it's also good to experience when in lacking money cause I can budget all that I need and wants just my perspective also.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

It’s not bad to buy things, but it’s good to always give it a second thought before buying anything at all. You should break down every thing you’re planning to buy to needs and wants. And then know why you really want to buy these things, because sometimes, some of us are not really in need of most of the things that we do buy, we just buy some things simply because we see others are buying it and we want to be able to do what others are doing or be like them. And at the end when you look at all these things, you would see that they have no meaning at all.

That's why I said "urgent" on my last sentence, stuff I have to pay like my post above is really "mandatory" and they have meaning. People probably sell stuff because they are afraid the price would continuously going down so why would they refuse to sell it so they can buy it later on once they are ready for it? Sure if you buy stuff because of holiday then it would have no meaning but that's not my point.

During times like Christmas season, is always best for us to look for ways to limit our spending. It is good to make a budget and make sure that you try to follow that budget that you have set for that month.

The Christmas period is really a time that comes with a lot of expenses, and like the OP has said, such pressure can be coming from family and friends; they can pressure you into making unnecessary spending that you might end up regretting later. It might be expenses that you happen to incur by going to parties and maybe sharing gifts and all that. So, it’s usually best to look for ways to curtail or avoid entirely, things that will result to you overspending in such period.

I don't mind much about spending way more than I do when it comes to holiday season since it do happens only once a year and you do have 12 months on saving up for that kind of expense.

Well, im that kind of person who do have that kind of mindset but there are people who are really that mindful about their spending which is instead on spending on various things
they do mind off about savings and investment opportunities which it isn't bad kind of mindset.

Spend on the amount that you are willing to spent off without having those regrets.

That’s where the power of diversification comes in to play. You never know what’s going to happen and you always have to prepare for the worst. If we’re taking investments, the US Stock market has actually been doing pretty well as well as some of the more advanced international markets. To be diversified is to be prepared.

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

besides looking for crypto itself, it would be nice if we also continued to monitor the local market so that those of us who bought crypto did not have to panic selling.

Most people who panic sell do so because they lack knowledge about cryptocurrency, and even a small dump can cause them to lose their minds and withdraw their money. However, if you have experience and knowledge about cryptocurrency, you are simply anticipating that it will return sooner rather than later, and there is no need to panic sell. Monitoring is not enough; you should also learn and gain knowledge as the cryptocurrency evolves over time, as it is becoming more complex.

Basically something like Binance Academy, and maybe a few more additions. We just need to make sure that there are stuff that people could read, telegram channels they could follow, honest twitter accounts (not shady influencers) and just push people to right direction. We can't hold their hand, so we need to build websites (which already exists a lot) that means people could always find places to read and learn more about things.

If you can do that then we are talking about something that is definitely a proper path for newbies to take whenever they have a question. Since we would be done after we put all the needed information out there, rest is up to newbies, we can't do much after that, if they want to learn they will learn, if not then they could lose money and learn the hard way.

I agree with what you said because it's true that we don't force others to follow us or force others to learn what we already know we can only provide information and provide a way, then after that it's their right to want to learn or not at least we have tried to provide information without having to force them to study it.

Learning from mistakes of other is better than learning from your own by paying the price of mistakes. I think the best social Media to gain knowledge about crypto is YouTube where information about fundamentals of every crypto coin as well as videos to learn about Techncial Indicators for trading in crypto is readily available in many languages. Many traders make use of it and make money by investing and trading in crypto market.

My Xmas sucks lol because I couldn't spend more money for better experience but that was in the past now I kinda care more about my future, trying to become a whale in crypto world so some sacrifice must be done, I used what I could to celebrate my Xmas but not as good as my past Xmas's

Yeah celebration are important and if you fail to celebrate the events, the regret remains in our heart.

I usually try to spend money through fiat and do not want to spend my Bitcoin savings on christmas. For me, bitcoins savings are most important and we all should keep on saving & accumulating bitcoins.

Making a certain plan for this year season may be litle bit same with the previous.
But, with some new details based on the previous evaluation.
We know that we mau meet altcoin season or not this year. In case, if we are traders, just dothat daily trade as usual, but not trading in hype tokens.
For short term investor, I will prefer to only set target not too high. For, we can see how the previous market, it cannit reach very high expectation. More I expect, I cannot  meet the expecation. So, just make litle bit target to take profits. At least,not being greedy.
Well, I think that start learning NFT or Metaverse can be one of my new plans this season hehe

if you know yourself more than anyone and not bothered what others are doing, definitely, you will think of how to take care of your assets. because the people around you won't really look after your financial status. it is you who will really take care that aspect of your life. people celebrate, that's a given fact. but if you believe it is not that important to you, then follow your plans. better be prepared rather than caught in the middle of the storm. i can very well agree with such mindset.

It would be nice to keep trading if you like to trade. Buy and sell tokens to increase your income this season. Good luck to him this season. Thank you

Of course it's not that easy to trade, especially during market conditions like today we have to be careful in making decisions,
maybe now we can buy some potential coins and before that we need to do our own research

This topic should be locked down already since season celebration is over, now we should move on and work hard for better future results, for those saying that they don't want to feel among well Xmas is only once in a year remember we are humans and we can die at any time, those things you are keeping so close to you can immediately becomes someone's else property.

You are very right and I can even observe it right now,  January is the toughest month of the year. Money don't flow very well because of lots of budget people need to meet up with. In a case one spent all money in the festival season meeting up January de.ands becomes a serious problem,  planning for January is very is very important.

Cryptos are in a bad shape during the last quarter of the year so it is okay if you have limited your spending on the previous holiday season but if there is no crash that happened that time then its also fine to spend more  because the holidays seasons do only come once in 12 months and we have waited for this for a long time, this is why there are  people that make this celebration huge and  memorable as possible.

Plus, you said your only going to sell a percentage of your portfolio and your not going to sell all so  its still possible to recover what you have used in the celebration and what important is , new years are a new beginnings and you can always start again. Don't be afraid to live life mate :).

Now we are in January already and its almost gone but within the few days left it is also expected for someone to count on recent achievements and success since the beginning of the month, plan ahead for the few days left, in economics we have short and long term planning and you can engage that even for the remaining months of the year, set goals and ensure to hit every targets ahead.

I think it will be time consuming to monitor everything you mentioned above and not everyone can do everything,
maybe in crypto we just need to follow market developments and also news related to crypto