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Author Topic: Don't let the holiday catch you - if you are a day trader.  (Read 406 times)
cybersofts
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April 23, 2019, 12:19:36 PM
 #1

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

 
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April 23, 2019, 12:37:49 PM
 #2

I dint really take note of this, but it would have been worth if i had bought more, i noticed the increase too, maybe most people that have received money as gift for the occasion, saw it as free money and opportunity to do something good with it, instead of spending it on what will not affect their future, just like i did too. I got free $1000 dollars as gift from a big family friend, so i invested the whole $1000 dollars, i would have added more from my personal money, if i knew people would do the same.
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April 23, 2019, 02:01:57 PM
 #3

Almost always, during the holidays, the crypto trade slows down and loses in value, and that's the current Bitcoin flight, I think to go back to Sunday.
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April 23, 2019, 02:16:19 PM
 #4

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?

Is there any valid statistic shows that market always go down during holidays?
I did not really notice about it since I'm not day trader and I'm very rare to do trade during holidays or even weekends.




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April 23, 2019, 02:18:25 PM
 #5

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?

Is there any valid statistic shows that market always go down during holidays?
I did not really notice about it since I'm not day trader and I'm very rare to do trade during holidays or even weekends.

No need fancy sites, just open the MetaTrader of crypto-related broker and check the daily volumes. You will see the clear difference between regular day and holiday. Trading the holiday price movements is boring and I avoid to trade on flat days.

 
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April 23, 2019, 03:02:21 PM
 #6

Why the cryptocurrency market always go down during the holidays? even the smaller ones like Easter?

Maybe its because there is less trading that is happening in the market within the holiday season or even the likes of Easter holiday. Most traders take this event to have a break or a family bonding and just decided to stop trading for a while. Since most holidays are for family bonding they are somewhat obliged to follow.




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April 23, 2019, 04:25:26 PM
 #7

Usually towards any given holiday especially long holidays, most people cash out (both those who are actually cashing out to spend and those that are anticipating a boring trading period)., this is the major reason for that

I personally have done this numerous times and even didn't it prior to Thursday last week(I cashed out and bought on Sunday) and i believe so many other day traders too do this kind of move.

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April 23, 2019, 05:12:02 PM
 #8

I don't think there is sort of correlation between bitcoin price and holidays. I remember last year when people says that after the Chinese New Year, the price will pick up because the Chinese will start to buy again. But obviously, the opposite happen, so for me it doesn't matter if we are on a holiday or not. People will continue to buy or will sell anytime specially that this market is really based on news and sentiments around.

 
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April 23, 2019, 05:22:35 PM
 #9

If you attention it really is like there are other influences about holidays and also the cryptocurrency market, but in reality I think it's just something unplanned or coincidental. That is, when the market is in a pump or dump trend, but at the same time the trend is happening on holidays or whatever, so most of us assume that holidays affect the market. Anyway, those on holidays must have other strategies when leaving the market and won't just leave it.

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April 23, 2019, 05:30:40 PM
 #10

The holiday period will have no effect on the price of Bitcoin for now, maybe it's the profit that is printed for now by running anything except that I see a slight decline in trade changes after the last few weeks but now very fast pumping is happening, this is an advantage for all people to trust the market and in the future, we just wait for the extent to which the market will recover and get better from now on, maybe with a relatively cheap price and there is still hope to rise so most people try to hold back from falling behind when the market starts to rise.
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April 23, 2019, 05:40:41 PM
 #11


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

We can presume but not actually a solid proof that the price is correlating with holidays.Just take a look also when its the end of the week (weekend) where price is usually going down and

it do starts to recover on weekdays as i observed but this is not actually happening always and i do say its just pure coincidence or just a typical movement of crypto market and theres no solid
proofs that it do have a connection.We might observed the movement but not a reliable thing to make it as an indication.

 
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April 23, 2019, 06:08:52 PM
 #12

I don't think there is sort of correlation between bitcoin price and holidays. I remember last year when people says that after the Chinese New Year, the price will pick up because the Chinese will start to buy again. But obviously, the opposite happen, so for me it doesn't matter if we are on a holiday or not. People will continue to buy or will sell anytime specially that this market is really based on news and sentiments around.

That's what's so tricky with all of this stuff. Even if the Chinese started buying more (pushing the price up) a larger force could have pushed the price down, hiding the fact that the Chinese did in fact push the price up, it's just that the net movement was downward.

Unfortunately it's easy for us to fall into the logical fallacy of Post hoc ergo propter hoc (after this, therefore because of this).
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April 23, 2019, 06:09:20 PM
 #13

Personally I don't think holidays never create big impact on the crypto prices other than Christmas,so probably few day traders were dumping their coin at holiday then buy it again to make profit.

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April 23, 2019, 06:17:25 PM
 #14

I don't know if there are some statistic data that support that theory or is this just appearance? If it's the true that holidays impact the price the reason might be because of smaller number of active traders and investors. Usually people are less active on those days although if you are a serious trader, especially day trader you should be present on the market 24/7'

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April 23, 2019, 07:05:51 PM
 #15

People might want to reap their profits and celebrate the holidays which is why the values might go down now and then, but this is not always true. This is a 24/7 market which is why pumps and dumps happen all the time for some or another reason.

Don't bother with the reasons too much. Sometimes spikes happen here and there for no reason whatsoever.

 
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whirlcoin
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April 23, 2019, 07:58:14 PM
 #16

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

 
yes this is the disadvantage and also the advantage involved in day trading because you can get daily income while you are being a day trader and it will give the tension and pressure about daily work involved in Delhi so everything is like the same to face the problems involved in it.
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April 23, 2019, 08:59:26 PM
 #17


This kind of belief should be changed. There is no "big impact" between the behaviour of crypto market and holidays especially with the examples given by OP (Lenten Season, Ramadan etc).

Overall that is just a pure Speculation. Before Lenten Season, bitcoin price already shows sign of acquiring more fuel. Even if we based on "past performance", that's not making sense. Not all traders have the same view about what will be their approach on their respective funds in the upcoming holidays.

Can't also applied to a day trader. Market reacts all the time, even on holidays or not.

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April 23, 2019, 09:02:12 PM
 #18

It seems that most people tend to exchange their crypto to fiat just to spend with the holidays especially during the christmas season. That's the one thing that i have noticed every time when there is a special holiday coming in. I guess people are now using cryptocurrency as their own banks and don't put their cash in the banks.



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April 23, 2019, 09:15:03 PM
 #19

Market is really volatile like no one can predict what will happen here in crypto so i don't agree if btc drops in holiday base in your question OP because it can still go high in an instant

Worldwide users use cryptocurrency like they do buy or invest in btc and many alts here in crypto everyday so no one can't monitor all of that still the price of market can predict in news in some ways and better to hold your btc and alts then sell that in high

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April 23, 2019, 11:14:48 PM
 #20

Probably it has an effect but I think that is not too much, I guess holders did not convert their bitcoin if the seen that they still have a loss.
This coincidence will not consider as a major that affects the price of bitcoin maybe just only a small correction or we are still in dip situation.
That is normal to bitcoin that has a fluctuation every time and I think that is normal that we can feel dump at holidays.

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