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Gaaara
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December 08, 2018, 07:29:51 PM
 #1

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.



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December 08, 2018, 07:41:33 PM
 #2

I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

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December 08, 2018, 08:02:33 PM
 #3

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.
I respect what you said and i'm afraid you're totally right with your analysis because there are some occasion in the crypto currency market which dump are inevitable and this is the method I also used to predicted the down trend of the crypto which happened last month. But, some crypto traders and investors usually ignore those occasion.
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December 08, 2018, 09:08:42 PM
 #4

There is a possible truth in what you said. But on Black Friday when everyone waited for a price drop we saw the opposite. So there was no big effect. I know there is a big difference between these celebrations. But we all know how different the crypto world is and what can happen.
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December 08, 2018, 09:14:08 PM
 #5

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.
Is this the only holiday that takes place in this moment? The Christmas and New Year holidays will also take place in the coming months so the market will continue to fall. This is one of the long-term holidays, and the upcoming bitcoin still falls.
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December 08, 2018, 10:09:38 PM
 #6

Delusion. That's what it is called when people search for excuses as to why the price is going down, because you clearly ignore what's actually happening. The same delusion I saw on Reddit last year where people were desperately trying to justify the drop in price to comfort themselves. Holiday sales it were, at least according to these people. Right, $20,000 to $6000 because of holiday sales. Roll Eyes

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.
It's simple. Buy the market down and your averages will come down with it, which will preserve much more of your dollar value and help you break even faster. Better than doing nothing.
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December 08, 2018, 10:41:45 PM
 #7

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.


Perfect  analysis mate people converting bitcoin into fiat because they need to buy gift for the holiday season
But not its means have an big affect of btcoin drop my reason is even nithing holiday price is still remain same
And continue to go down the value.

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December 09, 2018, 02:01:08 AM
 #8

I don't agree with this analysis at all. People are not being forced to sell crypto just because they need to buy gifts. Instead they will most likely buy cheap valuable gifts instead of selling crypto.

The only time when people had to sell Crypto was maybe during tax time because they didn't want to buy a tax liability. In general the November-Dec period for crypto was always bullish, this is maybe the 2nd time it was a bearish season.





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December 09, 2018, 03:46:15 AM
 #9

i dont think that all investors will do the same , i think this fall is because of panic as there is many decisions that are going with bitcoin due to panic investors dont want to risk there huge investments in risk   
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December 09, 2018, 04:09:43 AM
Last edit: December 09, 2018, 04:30:37 AM by Gaaara
 #10

I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

I am pretty sure last year's November - December was the start of a big drop of the price, it was the time where bitcoin goes over $17,000 to $10,000 and later became stable at $7,000 to $5,000 it happens in early month of the year.



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December 09, 2018, 06:31:06 AM
 #11

I agree that it's not wise to sell coins now but at the end everyone has its own will and can make decision what he/she likes.
But I can't agree that Bitcoin always have crisis, if you want to call it so, in holiday season. Last year in December Bitcoin was having the best moments so you can't say that fourth quarter is always fatal for Bitcoin. I don't think there is any proven connection between Bitcoin price fall and end of the year.

I am pretty sure last year's November - December was the start of a big drop of the price, it was the time where bitcoin goes over $17,000 to $10,000 and later became stable at $7,000 to $5,000 it happens in early month of the year.
This year also people will be expecting the same so the one who are ready to invest the cryptos will be using this holiday season so this may change the condition upside down from the last year's scenario hopefully. Smiley
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December 09, 2018, 01:57:59 PM
 #12

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.

It has nothing to do with the Holidays for this crisis for crypto. This is all about the things that happened inside the market.
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December 09, 2018, 04:47:17 PM
 #13

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.

I don't think that applies in this situation though. Yeah normally the price dips during the last 2 weeks of december due to people cashing out for the holidays, but if the market is like this and people are down 70-80%, and they're hoping for a recovery, i doubt they'll be selling that much this time.

 
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December 09, 2018, 05:17:41 PM
 #14

That was also possible happen to cash out their crypto asset and convert to fiat, I think we could not generalized the current situation there are some holders that can afford to buy a gift without converting cash their crypto holding. I also noticed that most likely Q4 2nd week to 4-week peoples need a money to spend at this Christmas season and the new years come.
But, if I were them I'll not sacrifice my savings on crypto and accept my losses on one occasion, better to HODL.
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December 09, 2018, 06:01:19 PM
 #15

What can you do? Its Holiday already and people need some money to buy gifts and make this season very memorable so sooner or later some of them would have to sell some of their coins.

I agree that we shouldn't joined the sell-off today, but just like we have said, invest what you can afford to lose so that you won't bother with your investment. But I can't blame people selling because of the holiday season.

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December 09, 2018, 06:33:07 PM
 #16

There's kind of the same theory in the stock market as the one OP mentioned, except it's that people tend to sell at the very end of the year for tax purposes.  I'm not sure how predictable it is, but for the most part it does seem to have some merit.

We had a thread just like this one last year around this time, and there was probably at least one like this the year before.  OP could be right that people need fiat during the holidays, or it could be for tax purposes (probably not, though), or it could very well be that bitcoin is just getting slammed because of unknown reasons.  If I'm not mistaken, the price was a lot higher last December and bitcoin has been taking a hit all throughout 2018, so this really isn't an end-of-the-year phenomenon--it's a genuine downward trend we're in.

2018 sucked, so let's let it go with a blown kiss and a wave goodbye.  Let us clink our glasses together in a toast to a better year in 2019.  Cheers.

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December 09, 2018, 06:35:23 PM
 #17

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.
But last year this did not happened! The BER months was the most favourable months and even the year before.  Investors really make money last year and some of us that participated in one campaigns or the other, also make money that last year in September to December.  I think this year situations are quite different and there are many factors why the market was down.  Cryptocurrencies market was attacked and that is why it lost balance since January till now.
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December 09, 2018, 11:56:30 PM
 #18

Apparently the market is volatile and manipulated by the government I am not convince that the market is going bullish this month even though Christmas should be on green market and expecting a bull run end of this year and so. but then i'm holding my patience of course.
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December 10, 2018, 05:54:06 AM
 #19

Well yes that possibly will happen, but are we should think about crypto to crypto transaction to buy some christmas end year gift ?
Most merchant make it possible now in most big continent Huh
If it possible, may i ask, is that will make crypto or BTC fall because people sell their BTC to BTC to buy gift ?
I mean, people can get their stuff without change it to FIAT  Huh
I am sorry maybe my question make confuse, im sorry for my bad english Sad
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December 10, 2018, 07:22:16 AM
 #20

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.
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