Holiday Crisis

[Hivalley]

Judging by what you say,its either those selling off their assets to celebrate the festive season were either living cashless all year long or need a mammoth amount to probably buy the Eiffel Tower to celebrate Xmas
Let's for a minute stop trying to make excuses were there are none,you may be a certain % correct with your analysis,but it's backed up with no fact.

The truth still remains no one can actually be sure of what causes a rise or fall,so it's definitely wise to invest with little money that'll enable you hodl till the time is right to sell

[bravehearth0319]

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

[panganib999]

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

I do also believe that 2019 will going to be the year of crypto bounce in terms of price since the last quarter of this 2018 sucks at the moment although its 2 weeks more before come to end. Holding coins is a must now when you don't want to lose and hope for another time but if there are circumstances that will force you to withdraw from crypto then go.

[DarkBullet]

I remember the time when bitcoin reaches an all time high and was dumped before Christmas where it continues as of today so I agree with your statement. There could be a possibility of a price dump for cryptocurrency before the year ends but who knows? Everything happens surprisingly. There are too many "what ifs" in most investors and don't wanted to miss that opportunity so I believe that they prefer to hold it than selling it before 2019. I also thinks the same way because we will never know when will we see this altcoins at a sale price again when bitcoin surpasses $20,000. Bitcoin ETF is coming to town.

[untugede]

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

yes, that is a very confusing position, of course, with the market price situation that has occurred throughout 2018, for example, we sell what we have now, we share a reduction in crypto prices, and for example we do not sell our losses will also be greater , and we just hope the market will grow fast again, but it is very difficult if we look at current market price movements, but if suddenly there will be a price increase that we have never thought about before, everyone will never know that too.

[Joand_or]

I've been seeing bitcoin suffered from holidays a lot and there is a proper explanation on this, since yearly it always happen.

First of all since December - January are the most anticipated holiday of all months the moment we hit BER months crypto are more likely to suffer since most of the traders are converting their assets into fiat which only leads to a massive fall of crypto, no matter whats upcoming event is or any news regarding cryptocurrencies it always seems to fall in the 4th Quarter of the year specially on December, it cannot be prevented so as a holder it is better to let go of your assets before the fall happens September and October are the best month to start analyzing the price.

If you convert or sold your crypto into fiat you're contributing in the massive fall but if you don't you'll lose the price you currently have so what else can you do.

Its been 1 year where the market in crypto was became crucials in every exchange platform. Perhaps in 2019 it could be the beginning of bouncing its price value in the market as well. Where I know mos of the community in this industry are also expecting it to be happen. So for now, it is rather good to hold our coins for awhile as long as the market is down.

Exactly, and do take a break for Christmas if you are tired of the market. No hope looks high for December and I think the market will revive only when the forces in the market gets balanced.

[Indrawan77]

Although I dont encourage selling, especially in the bear market, but what you mention makes a perfect sense, each investor got a different strategy, price to sell and using a different technical analysis, so its acceptable if they want to take profit or cutloss, afterall the purpose of the trading is to make profit

[eaglewhite80]

Well, whether we want to call it holiday crisis or we want to refer to it as BER month issues, the thing is the market will always do whatever it wants to do. We have been in a downtrend since the beginning of the year, and there is possibility we might see the continuation until next year, contrary to the complete bullish year we had last year, but it is what it is. The market is giving an opportunity to buy, so we will surely be buying.

[marcbitcoins]

With this statements, do we expect more Bitcoin crashes before this year will end? I hope not as what is the point of selling it low just to enjoy the holidays? Hopefully that mostly will just hold as next year might be really different from this year as many expected that 2019 its a brand new year for the Bitcoin users towards prosperity.

[tosmartak]

When the prices dropped after Bitcoin cash war we said it was due to thousands of bitcoin being sold by someone and that caused the price to drop very quickly. When the price dropped afterwards we said black Friday and the insane discounts caused people to sell their coins and get those items for cheap. Now that bitcoin is dropping again we are saying that the holiday season is in and people are selling their bitcoins and altcoins to cover for the expenses.

I am sorry but I am not buying it anymore, last year on December and late November bitcoin went up historically and made a $20k run, that was a holiday season as well, holidays doesn't justify the drop in the price anymore. I fully believe that people are losing their interest and hopes for bitcoin and that is the biggest reason for falling.

Well, that is a market for you and logically, speculations is one of the things we cannot avoid. Like I always say, people will never stop seeing excuses to give to the reason why the market is behaving in certain ways, which is something I have seen over the years with human nature anyway, we always tend to find something to blame for everything. Call it whatever, we are in a downtrend, and until we hit the rock bottom and we get to see the market switch to a new trend with a higher high and higher low, then, nothing has changed.

[gabmen]

With this statements, do we expect more Bitcoin crashes before this year will end? I hope not as what is the point of selling it low just to enjoy the holidays? Hopefully that mostly will just hold as next year might be really different from this year as many expected that 2019 its a brand new year for the Bitcoin users towards prosperity.

Exactly. It doesn't make any sense to sell now even if you're panicking. I'm sure at this point, our portfolios are more than 50 percent down, at least. Selling just because of the holiday doesn't seem to be a logical idea considering the losses you're going to have.