Is it worth it to trade bitcoin over the holidays -- Christmas and New Year?

[bitcoinmarkets]

From the web: http://www.bitcoinfuturesguide.com/bitcoin-blog/is-it-worth-it-to-trade-bitcoin-over-the-holidays-christmas-and-new-year



It's holiday season here in the West and you might be wondering: "Should I spend time with my family, or should I trade bitcoin?"

We thought the same thing, so we looked at how the Christmas->New Year price and volume action were on the exchanges in 2013 and 2014.

2013

This was of course the most epic pump we ever had after reaching $100. There was  10-fold increase in price as we skyrocketed above $1,000. So, let's look at the chart from Bitfinex for that time:

So Christmas season was generally bullish in 2013 here. Volume looked a little lower than normal on actual Christmas days and up to New Year's Day.
China we see the same from OKCoin:

On this chart we get a much better appreciation for the volume difference over Christmas days. It basically went completely dead -- however, we had modest price increases too. So even if volume is thin, which may mean wider than normal spreads, there is action to be had if we get a repeat of 2013.

2014

Last year in Christmas was when bitcoin was a bit more mature, we had come down from the all-time-highs (ATHs) and were in a bear market. So note that when you see this chart from the holiday times last year:

Here we see volume dead relative to the preceding and following action. But we were in a bear market so the dynamics were a lot different.
OKCoin chart from last year shows similar:

Again we see price is making moves during these Christmas and New Year days, albeit on low volume.

So if the past couple years are any indication, there's money to be made trading on price movements over the holidays, even when it feels like the whole world is spending time away not working and with family.

The choice is clear: disregard your family this Christmas and focus on the charts, because you do not want to miss any opportunities in the bitcoin markets.

[1715545187]

1715545187

[1715545187]

1715545187

[Hannu]

From the web: http://www.bitcoinfuturesguide.com/bitcoin-blog/is-it-worth-it-to-trade-bitcoin-over-the-holidays-christmas-and-new-year



It's holiday season here in the West and you might be wondering: "Should I spend time with my family, or should I trade bitcoin?"

We thought the same thing, so we looked at how the Christmas->New Year price and volume action were on the exchanges in 2013 and 2014.

2013

This was of course the most epic pump we ever had after reaching $100. There was  10-fold increase in price as we skyrocketed above $1,000. So, let's look at the chart from Bitfinex for that time:

So Christmas season was generally bullish in 2013 here. Volume looked a little lower than normal on actual Christmas days and up to New Year's Day.
China we see the same from OKCoin:

On this chart we get a much better appreciation for the volume difference over Christmas days. It basically went completely dead -- however, we had modest price increases too. So even if volume is thin, which may mean wider than normal spreads, there is action to be had if we get a repeat of 2013.

2014

Last year in Christmas was when bitcoin was a bit more mature, we had come down from the all-time-highs (ATHs) and were in a bear market. So note that when you see this chart from the holiday times last year:

Here we see volume dead relative to the preceding and following action. But we were in a bear market so the dynamics were a lot different.
OKCoin chart from last year shows similar:

Again we see price is making moves during these Christmas and New Year days, albeit on low volume.

So if the past couple years are any indication, there's money to be made trading on price movements over the holidays, even when it feels like the whole world is spending time away not working and with family.

The choice is clear: disregard your family this Christmas and focus on the charts, because you do not want to miss any opportunities in the bitcoin markets.

Mining is now worth it even MH/s... Hope it rise 1200 dollars/BTC

[helloeverybody]

Im in it for the long run, need to hodl them coins. Knowingmy luck i willl try trading and sell them all on a massive uptrend and miss out on the good stuff.

[sishendaoye]

If it grows and you have paid bitcoin at 300 dollars so I think it is worth.
If I was you I would just hold it for 2016, because I think the price there will be much higher.

[LuckyYOU]

I'm in it for the long run as well so for now I would be holding at this time. If it goes down I might have a chance to buy some bitcoins.
So for now I won't trade unless the value of bitcoin will reach over $1000

[Cusdonard]

Im in it for the long run, need to hodl them coins. Knowingmy luck i willl try trading and sell them all on a massive uptrend and miss out on the good stuff.

I think it is OK to trade a small percentage of your coins and hold most. It is better to enjoy the holiday period.

[bitbunnny]

I think this is a good season to trade Bitcoin, so use the opportunity

[7788bitcoin]

To me family is more important so I will be away from my computer most of the time. But will definitely check the price on mobile once awhile...

Enjoy the festive season and all the best to everyone!

[tobacco123]

It's the time of the year again. I think many people will be on holiday and have more time for bitcoin. It will definitely be a busy time for the exchanges.

[bitmarket.net]

Volumes will probably be lower during Xmas, especially on the exchanges with more Western clients.
When volumes are low, it doesn't take much to move the market, so we might get some sudden movements in price.

[HostSurf]

For now, it doesn't matter to me what the price will be around Christmas. It will only matter to me if the value goes above $1000 which I doubt will happen this Christmas.

Until then I'll be holding onto my bitcoins. When bitcoin reaches $1000, is when I really start to make profits out of really not doing anything.

[greBit]

I think this is a good season to trade Bitcoin, so use the opportunity

Indeed this is the best time of the year to spend or trade Bitcoin because value of Bitcoin is at its peak and may go down after new year so it's a good opportunity to use your Bitcoin now and make your festive season more awesome.

[jt byte]

Well if you think that is price enough for you to trade in the Holidays that do it.
If not just save it until bitcoins go higher to 1000 dollars. You should just trade some of your bitcoins and at least have 1 bitcoins for 2016.

[ThunderThomas]

I don't think it's worth to trade or sell when the price is below $1000. I know some people do it because they want to make quick profits and buy again when the price drops again.
I'm more of a patience person, I would rather wait until bitcoin reaches $1000 and then sell a part of my bitcoins and then when the price drops I will be able to buy again.

[Amph]

if you see big dump after a pump why not, it's only a good opportunity for more profit no matter if there are festivity if the price is good or bad

but right now it seems that we are stable, and we will move up, better to wait i think, the dump will not happen at this point

[medUSA]

OP has a point, there were large fluctuations after Christmas in 2013 and 2014. If this year follows the same pattern, profits could be made from high frequency trading. However, I believe bitcoin is different in 2015, the run up to Christmas this year is so different from past years, it would be difficult to guestimate a high and a low. Could get burnt if prices keep going up.

IMO, I would rather spend time with my family and leave bitcoin trading out of it  

[1Referee]

I don't think it's worth to trade or sell when the price is below $1000. I know some people do it because they want to make quick profits and buy again when the price drops again.
I'm more of a patience person, I would rather wait until bitcoin reaches $1000 and then sell a part of my bitcoins and then when the price drops I will be able to buy again.

Traders make thousands/ten thoudsands of dollars worth of profit per month with the current volatility, and you say it's not worth to trade Bitcoin when the price is below $1000? The price doesn't matter. People are always able to make profits.

[Denker]

You will get so many different answers here regarding this.
I myself thought we would go down around this time.But until today it doesn't look like that.Next week is christmas and the price was growing and is moving stable right now.
If you speculate for a dump I see this really risky at the moment.It could happen, but it would happen quick and unexpected.Not sure how fast you can react to that.
Or maybe we will stay where we are now and continue rising in january.

[bitcoin-hunter]

I think is worth to do with profit you make a lot of profit.
But is your choice to do so. You can trade maybe 50% of your bitcoin and another 50% to hold it.

[CryptoBjorn]

If you can make profits off the amount that bitcoin will be worth around Christmas, go for it. I wouldn't sell everything though.
It's best to maybe make a little bit of profit off some bitcoins and save the rest of them.
I personally am not going to sell, I'm waiting until bitcoin will reach $1000