Article: At $10,600, Bitcoin price is on track for its second-best quarter ever

[Upgrade00]

people kept thinking 15-20k range was something bitcoin done before so they expected it again whereas it was never there for too long, only few days, and this is why being above 10k for this long makes a big difference, it means we are finally setting a base higher than 10k for the first time ever.

+1
The last bull run leading up to the current All Time High was quite similar to a bubble as the price rose quickly after very volatile couple of months to the range of $18k-19k during the end of 2017, and within a few months it fell back down to the range of $6k in 2018, and then further below to $3k+ in 2019.
This year however, we have had slow organic growth which has reduced the volatility and built strong resistance (above the $10k range) which would support the price during a correction after a spike.

For seeing those dumps happening I'm sure many people got scare and dump when price going backwards after reaching the $13,000 price,

Such panic sell offs lead to further dump in the market value as investors swooped in to get some cheap bitcoins. We probably have more institutional money in Bitcoin now than ever before and companies are switching to a Bitcoin standard; using it as a reserve currency, this means stronger hands and less panic sales at a price scare.

[judeafante]

I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest.

Bitcoin quarterly closing prices:

Very interesting chart let's see how it goes we have two months to go, I hope the trend will continue and we will see another all time high again, people should see and analyze this chart this is something to believe that another all time high is coming, but what if it go on another direction then we will have a new trend to analyze.

[stompix]

Depends a lot of what you look when you say best Q3.
The highest price, yeah, biggest increase? No.
For example, the price went up by 1.5k$ but only a 20%, compare that to Q3 in 2017, 2k$, and nearly 50%.
And there is another thing, Q1 2018, was also the best quarter in history with an increase of over 5k and 400%, but, it was still way down from the peak, looking good from those metrics but during it, Bitcoin saw its worse decline in raw fiat terms.

I really don't like drawing conclusions from just the closing price at the end of a quarter, it doesn't tell even one quarter of the story.

[beerlover]

Q4 of 2017 wasn't even that amazing neither by the way, people assume that the average is high so it must be high but the main reason why it was so high is the fact that it was 20k for a while which made the quarter go up on average, there was plenty of times when it was under 10k, in fact there was moments when it was under 6k as well, it was 3k when the quarter started.

That didn't happened with this quarter, during this quarter we actually stayed above 10k all of the months, we didn't dropped under 10k at all, which tells you how great bitcoin is this quarter, even on the best one we were under 6k whereas on this one we are above 10k at all times. The only sad part that we lack now is the huge increase, we had 20k at that time, we haven't even seen over 15k for years though.

[Emitdama]

Best quarter as in highest price, and that is what matters, if you are a trader you may want the biggest increase and that is in your right because you are a trader, however best quarter in price is what we are talking about here.

If the price keeps this up and goes even higher, Q4 will be even better as well. Just because we moved to 20k back in the day doesn't mean it will stay the best quarter, it was only 13k, so if we go above 14k and stay there on 4th quarter and we do not reach 20k at all, we won't have the highest price ever reached yet we would still have the highest price average ever reached at the same time.

This is what the chart talks about, not the other way around, obviously the biggest increases happened early on, they can't happen again anytime soon.

[pilosopotasyo]

I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest.



Source: https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever

We'll see if it will play out that way, and I have seen a lot of thread about studies on the chart showing similar patterns if this year is no different from all the years we've gone through then we have to prepare by buying more and checking our portfolio, people are anxious on the movement of the price, the last three months is going to be very interesting for us.

[sunsilk]

We'll see if it will play out that way, and I have seen a lot of thread about studies on the chart showing similar patterns if this year is no different from all the years we've gone through then we have to prepare by buying more and checking our portfolio

Just checked the prices rn. It's another lovely day to see bitcoin hit back to $11,000. Now, we're going to see if it's going to sustain the price of $11,000 again or we're going to see another rejection which will send bitcoin back to $10,000.

people are anxious on the movement of the price, the last three months is going to be very interesting for us.

You expect this most of the time. We get anxious as we're looking to a very volatile asset that we don't know how long, how slow it will move positively and how quick it will be in recovery and in dumps.

[Febo]

I just found an intersting article on Cointelegraph.com. With the current Bitcoin prices we are "on track for the second-best quarter ever." What do you guys think? When will we see the next best quarter ever? Will it be Q4 this year? I am confident that we will see it in 2021 latest.

Prices itself dont tell you much how good quarter is you need to calculate how much price increase or decrease in a quarter. Also Bitcoin did not start in 2014 but in 2009 and got valued at the end of 2010.
Oh and for a 2nd best quarter Bitcoin would need a 600% increase, what I dont belive will ever happen again.

[sana54210]

The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous.

So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit.

[cryptomaniac_xxx]

The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous.

We have a history of December being a good month short term, so it will be interesting if it will hold up this 2020 as there have been lots of events, like the block halving and the pandemic. So I do hope that it will be a big December run, followed by short dip at the end of the year.

So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit.

I just hold a few but I'm not selling below $20k, I have my price goal when to sell or at least if I see that I will have a good profit and take at least 50% because I have plans on what to do with my money in 2021.

[kentrolla]

The last quarter will definitely be interesting to watch, October/November/December is always a very disturbing period. Everyone remembers that in 2017 we have moved from around $3k levels to $20k levels and that is why they think it is quite possible that we could make that type of movement, but at the same time in 2015 we went down, in 2018 we went down further, in 2019 it did went down a bit but not much, so basically all around we do go down during the last three months more often than we go up, which is why it is a big dangerous.

So, I am going to be worried about my bitcoins but I am not going to sell them neither, I will sell if it goes beyond $15k, it can go to $30k all I care and I won't mind as long as I can sell at $15k but I am also worried it may go down as well which scares me a bit.

Well I feel like some miracle might happen this time as US election can probably Change things, I agree the last quarter is always risky but it gives opportunity as well like it did in 2017. Worries and sorrows are not going to resolve our issues it's up to us as you know crypto is a risky and volatile asset we always need to have a look on our portfolio.