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Author Topic: Don't let the holiday catch you - if you are a day trader.  (Read 405 times)
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April 24, 2019, 06:34:38 AM
 #21

The market do go down during holidays because of the low level of activities.  Many traders especially the day traders That move the market are not trading and as such price do goes down.  I do believe that now we are all back to do what we know to do best.
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April 24, 2019, 08:07:52 AM
 #22

Festival people are celebrating without stress , including me min at of the people doesn’t want to take stress on festival days so we leave trading aside will spend time with family .


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April 24, 2019, 08:39:10 AM
 #23

The market do go down during holidays because of the low level of activities.  Many traders especially the day traders That move the market are not trading and as such price do goes down.  I do believe that now we are all back to do what we know to do best.
Perhaps that really happened that the low activity from traders and convert their coin into fiat to expend together their family and maybe broke boringness from trading. But I think that is not the major part there maybe it will contribute to dump the price but not all time. Sometimes I also think that it is the only coincidence of having dump market. However, if we know this will happen we think ahead before holidays come.

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April 24, 2019, 03:22:18 PM
 #24

I have never noticed clearly about the decline in the price of bitcoin on certain days as you mentioned.
can you give a little picture that shows the price of bitcoin falls when it's a celebration day?

I saw the chart on December 25, 2018, which was a Christmas celebration, Bitcoin did experience a decline of around $ 200 from the previous day.

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April 24, 2019, 04:18:27 PM
 #25

I think it is not the day traders that are not trading during holidays, its the other people who do not care about trading as much as they care about vacation that stops.

Day trader is trading daily like in the name and since we are in crypto there is no national holiday for us and everyday even including new years that we celebrate as a whole world is still trading moments, you can buy something a second to go in one year and sell it after a second in new year and the exchanges will be open so any smart day trader will be always online.

I have done it before and I have checked the prices even while on vacation in some country and did some moves because I knew that price movements can't be none observed for too long or it could seriously hurt your profits.
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April 24, 2019, 04:33:57 PM
 #26

Honesty, I have never taken note of this for once, and I think I will start studying it too to take note of, it will be another good strategy to enter the market during holidays, knowing fully well that the market will pick after the holiday.

I want to believe that the reason why it is so, is because of the events that requires money to be spent, maybe some people withdrew part of their investment to cater for such occasion, which is not bad, after all, the system was not only created for investment alone, but for our daily transactions and savings, so they have the right to pull from it at any time and I am sure it will be replaced back.
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April 24, 2019, 04:39:08 PM
 #27

In my personal opinion, Generally, everybody thinks that The price of BTC will fall down on the day which is mention on the OP. And this thinking down the price of bitcoin on the celebration days and Holidays. So now the question is how this happens?? Then see below

Suppose you are thinking before marry Christmas that bitcoin can go down around the [celebration]day, So generally you will want to sell before the day and try to buy back when stable again. Ok now if everybody thinks similar things and do similar things like you, then what will happen? [ It means everybody sells their crypto on the basis of their guesses ] Obviously the price of BTC will fall down, is not it??

Thus the price of BTC falls down on the celebration days I think. Thanks

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April 24, 2019, 06:10:11 PM
 #28

It is all about keeping the things to be safe for our self because we cannot do all the things in a same day so day trading is little difficult when compared to other type of business for that we need to adapt ourselves for getting daily income that is the only advantage here in this field.

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April 25, 2019, 12:28:01 PM
 #29

People were probably selling bitcoin for fiat currencies for holidays shopping  in mostly their local markets. You sure this holidays can still affect the market these days? Probably why the recent easter didn't affect it much?

 
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April 25, 2019, 01:57:44 PM
 #30

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

Holiday is the time when others spent their holiday or free time in family or going somewhere else which has a greater effect in the total market volume. Many of the day traders and scalpers were busy. It's not happening in every holiday but most of the time,good observation man, ilike this kind of thing that gives information to others who wants to know and not know some reasons why the markets volatility is becoming low for a certain time or day.


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April 25, 2019, 04:03:21 PM
 #31

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

 

I thought in Christmas some dudes buy their gifts online and using bitcoin in some payment methods. Or is it just it goes down because they switch their crypto to fiat and buy the necessary things on Christmas holidays?

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May 02, 2019, 06:05:09 AM
 #32

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

 
Well I still trade during holidays and make profit, especially when I know it's a chinese holiday because I am certain that there will be a dump in price, all you need do is to swap your coin for any stablecoin in the market and then swap back to that coin after the dump as occurred thereby making lots of profit for yourself, the crypto market is so fun because you can take advantage of any activity to happening in the space to make profit for yourself.
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May 03, 2019, 03:35:51 PM
 #33

I still trade during holidays and make profit, especially when I know it's a chinese holiday because I am certain that there will be a dump in price, all you need do is to swap your coin for any stablecoin in the market and then swap back to that coin after the dump as occurred thereby making lots of profit for yourself, the crypto market is so fun because you can take advantage of any activity to happening in the space to make profit for yourself.
Are you so sure about this, because china is in a 5 days national holiday now from 1st of May to 5th of May and I have been checking the market and all I am seeing is increase in price of coins, even bitcoin that dumped before then, has already picked up back to its former price and may not dump again because it about crossing the resistance line.

If you are talking about the main holiday which was done some months back, I still didn’t see any effect of it on the market, so I really don’t know which of the holidays you are talking about. Some of these things might just be speculations and not how the market operates.
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May 03, 2019, 04:27:32 PM
 #34

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

 
The reason for Bitcoin coming up well, I think depends on positive or negative information so the days of thinking do not affect Bitcoin's price. The effect is only for New Year or Christmas, Bitcoin often increases in price.
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May 03, 2019, 08:21:24 PM
 #35

I still trade during holidays and make profit, especially when I know it's a chinese holiday because I am certain that there will be a dump in price, all you need do is to swap your coin for any stablecoin in the market and then swap back to that coin after the dump as occurred thereby making lots of profit for yourself, the crypto market is so fun because you can take advantage of any activity to happening in the space to make profit for yourself.
Are you so sure about this, because china is in a 5 days national holiday now from 1st of May to 5th of May and I have been checking the market and all I am seeing is increase in price of coins, even bitcoin that dumped before then, has already picked up back to its former price and may not dump again because it about crossing the resistance line.

If you are talking about the main holiday which was done some months back, I still didn’t see any effect of it on the market, so I really don’t know which of the holidays you are talking about. Some of these things might just be speculations and not how the market operates.
China celebrated labor day on May 1st.  May 1 was not a great day for bitcoins but yet it showed some movement and growth. China is one of the countries holding most of the bitcoins and as of even on their holidays, bitcoins was showing some growth means bitcoins are not really affected by the holidays.

Instead peoples are busy buying and selling coins most of the time without actually looking for time or day because cryptocurrency markets have no restriction on time as off stock markets. So, I really think that price growth of bitcoins is the sign of mass peoples going for bitcoins instead of the holidays. Price changes on holidays can just be the factor of luck rather than the markets.
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May 03, 2019, 10:36:28 PM
 #36

The market looks more welcoming and I believe day traders are getting to recover their losses, now holidays should not be a thing to worry about if a day trader already have the skills and the analysis on how to follow up the market even getting to know when it's time to exit and also time to come back in. Definitely will make it a 99% on the market.
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May 03, 2019, 10:39:00 PM
 #37

The market do go down during holidays because of the low level of activities.  Many traders especially the day traders That move the market are not trading and as such price do goes down.  I do believe that now we are all back to do what we know to do best.
Even with the going up and down there are good qualified traders who understands it better, yeah we know that we have no king in the market when it comes to prediction and all the rest activitie one will have to set up before he or she can hit the target.
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May 03, 2019, 11:32:22 PM
 #38

I really doubt that there is any valid statistics for that coz this mostly happens maybe due to fewer traders and most do sell out few weeks or days before the holiday pickups i guess so normally market tends to go really down even before the holiday get started

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May 03, 2019, 11:33:27 PM
 #39

For me, I also noticed that before, but some are just small dumps/pumps. Maybe because they are closing there positions? Even it is short or long positions.
But if you think it, it should like that. Trading is 24/7, there's a lot of traders in the world, not only those doing relax on holidays and we have different timezone in every country, also consider that.

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May 04, 2019, 09:47:13 AM
 #40

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?
I noticed many times in the past the crypto market normally goes down when people are on holidays from Christmas to Eid-mubarak.
Just noticed the market also relaxed during the smaller holidays like Easter, Diwali (a bit) and Maulud. but not on the valatine's day - lol!

Well, the market started recovering from the Easter holidays today and it appears the bitcoin is heading to another milestone, which is very nice.
What is your take on this matter? Feel free to share views with us here... thanks Smiley

[im g]https://i.imgur.com/GOFlyUC.png[/img]  
The reason for Bitcoin coming up well, I think depends on positive or negative information so the days of thinking do not affect Bitcoin's price. The effect is only for New Year or Christmas, Bitcoin often increases in price.
The rise is even more than 4.47 % right now as Bitcoin has surpassed 5,600 USD value in the open market. This is great and I am happy about it as it going to be very instrumental in attracting investors. We can get the value raised more as well. This is important to be part of this bullish market and many people join due to FOMO but whatever the reason is, it eventually pay off for them.
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