Bitcoin Week (Dec 22-28)

[Pipdips]

It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

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[Excell110]

Bitcoin week,  we'll it has nice ringing to it,  but I think it shouldn't be based on the period where people buy btc the most, I doubt there is even a particular period where this happens every year.
 If we can actually have a btc week, it should be because we wanna celebrate this great currency

[Lucius]

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

[btcmurat]

I think the new year will be a better ibr year for Bitcoin. I do not expect excessive activity in prices by the end of December. I think the bitcoin price will enter the new year at $ 7500. People are always so excited, they want the bitcoin price to go up too high. We need time.

[cabron]

A week of price surge is a good opportunity for traders to sell since they know the price will soon dive after it, the only who will buy are the ones who doesn't trade but hold for the long period of time. Its still an indication that they know that the longer they hold could get them more profit. This is if they don't run out of patience that after months they see price still below their halving expectation.

[RooseveltOah]

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

People actually buy BTC long before so they can sell it and make a profit in this period, and this was a good strategy this year as well, at least for those who bought in the first few months of this year, they doubled their money.

People do this for Chinese New Year as well, I believe it’s end of Jan in 2020, they sell to give out red envelope to children and stuff

[CyberKuro]

People buy a lot of bitcoins during those holiday times.

I think people are actually selling more than buying at this time of year, at least those who celebrate Christmas and New Year. Most will actually spend some BTC (by selling for fiat/or directly) to buy gifts, food and drink, decorations and all that is being bought this time of year.

It should be going that way but what had happened is the opposite, the price of bitcoin has a higher chance to increase rather than decrease, it has been proven in 2017 and last year in 2018 bitcoin price rise from $3200 on December 17th to $4000 by Christmas, don't know why. Hopefully by the end of this this year bitcoin will rise again to $10K.
December 22nd 2016 = $820 > December 27th 2016 = $910
December 22nd 2017 = $15,500 > December 27th 2017 = $16,839

[aardvark15]

I don’t think it’s going to happen this year. I think there are more factors that affect when people buy Bitcoins other than time of year. I believe that news regarding Bitcoin will affect the price as well as some government regulation. I also believe that the halving will have a significant affect.

[CarnagexD]

I don’t think it’s going to happen this year. I think there are more factors that affect when people buy Bitcoins other than time of year. I believe that news regarding Bitcoin will affect the price as well as some government regulation.

The month of december this year seems so plain, there are lots of news, a postive news towards the crypto space but the thing is, it will be felt not later this year but on the year 2020 (crossed fingers) hopefully. The price of bitcoin this month as for my prediction it will be lower than it is now, I guess people that holds bitcoin right now might sell just before the christmas week, holdai season.

I also believe that the halving will have a significant affect.

No doubt on the halving event, that will obviously affect the market but we don't yet if it will be a negative or positive this time since it is still uncertain. Hopefully it will be still positive towards the price.

[rdluffy]

I've always thought that this time of the year people prefer to sell, make their profits, use during the holidays and plan for the next year
But maybe I'm wrong, and I wish I am

I'll not sell a coin during this time, I'll take some rest, and make my plans to the next year, 2020 looks shine to BTC

[bitcoinsocial09]

It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

If you have an investment in bitcoin I think it was not a good time to sell your bitcoins since the market price was a bit low and it was a great opportunity for a lot of investors to invest in bitcoin,
I think holding cryptocurrency was still a thing and i think there are a lot of delays in the market and in the past year the end of the year was always a bull and the market price was always in a skyrocket but it was different this year.

[kro55]

It's about that time of year. It only happens once per year. "Bitcoin Week" ... it really seems like it should be a thing doesnt it?

People buy a lot of bitcoins during those holiday times.

All nuzzled up all comfy in clean warm clothes, sitting on comfy couch next to the tree glowing, the scent of pine in the air, sipping hot chocolate! Might as well buy some coin on your laptop. Buy, hold, whatever it is...

So should we coin this and put a stamp on it?

Thanks for enlightening us that there is such a week in which people buy BTC.
Already many members have ruled out this fact that there is such a week. We have bitcoin bull run in Dec 2017 when BTC saw its ATH of 19k on 19 Dec. This doesn't mean every year in Dec we will have such a bullish week.

[Aikidoka]

I think in this week, bitcoin's price can be pushed a little bit because a lot of people will use bitcoin at this week like each year. I'm gonna be one of those people, though, I'm planning to buy some stuffs using my bitcoin at the end of this year. I hope that bitcoin price will increase and we'll see a new level of bitcoin's value, I hope it's gonna be around 9k$.

[Argoo]

I think the new year will be a better ibr year for Bitcoin. I do not expect excessive activity in prices by the end of December. I think the bitcoin price will enter the new year at $ 7500. People are always so excited, they want the bitcoin price to go up too high. We need time.

Yes, you are completely right. If by mid-December Bitcoin did not increase in price, then this will not happen until the end of the year. Well, you can’t say that it was a bad year for bitcoin. The price of $ 7,500 is not so bad. This increase is more than double compared to the price at the beginning of this year. But for altcoins this is the second consecutive bad year. Because of this, ICO projects are on the brink of survival. We hope the next year will be more successful for cryptocurrency.

[CyberKuro]

Yes, you are completely right. If by mid-December Bitcoin did not increase in price, then this will not happen until the end of the year. Well, you can’t say that it was a bad year for bitcoin. The price of $ 7,500 is not so bad. This increase is more than double compared to the price at the beginning of this year.

Frankly speaking, no one knows whether bitcoin will rise in mid-December or stay low profile until the end of the year.
The game to inject huge flux of money into the market or start sell-off events are beyond our reach, big investors and whales who play the role in influencing market activity.
But bitcoin is heading to a good year in 2020, we can expect it to rise gradually until the next halving, do not sell your bitcoin and keep buying in every chance.

[pooya87]

actually each year people make the exact opposite speculation compared to yours. meaning they say since it is Christmas and people are spending money, they sell their bitcoins. which to be honest it has always seemed like a flawed logic to me. not to mention that each year the market mostly slows down, sometimes with some small drops due to panic sells but nothing major due to any kind of major sells that people expect! the reason is that people don't liquidate their assets for Christmas, that doesn't even make sense to sell your bitcoin to have money to buy shit...

[Lucius]

the reason is that people don't liquidate their assets for Christmas, that doesn't even make sense to sell your bitcoin to have money to buy shit...

Christmas is celebrated only by Christians, not celebrated by Muslims, Buddhists or atheists, so we are talking about some 2+ billion people. Of course, not everyone will sell their BTC to spend some money for the holidays, but some will do it because it is a special part of the year for them. Unlike you, I don't consider some things "shit", in some countries it still holds on to tradition. This time of year is the period when people spend more money, then in other parts of the year.

For example, Bank of England says this about spendings in December :

A typical household in the UK spends over £2,500 each month. But in the run up to Christmas our spending habits change dramatically. To begin with we buy a lot more! A typical household spends over £800 extra in December. The increase in our spending reveals a lot about what we get up to around Christmas. It won’t come as a surprise to learn that we spend a lot more on going out, eating food and drinking alcohol. We also of course spend money buying gifts for our family and friends.

It is therefore logical to conclude that some of the spendings will come from Bitcoin sales. But it will certainly not significantly affect the price of BTC, unless someone decides to sell a large amount of BTC and buy something very expensive.

[sovie]

There is no point in discussing the fact that there is such a week, its just a rumor. Lot of predictions have been made regarding bitcoin bull run and almost all went wrong. Between its good to buying Bitcoin towards the end of this month as price of Bitcoin seems to go more down (just my own guess). Happy Bitcoin buying

[bamboylee]

There is no concrete data that will support your claim.

If there will be a Bitcoin week, it should be celebrated during the week the Genesis block solved. It is like the birth of bitcoin. SO I recommend it to be celebrated during January 3 - 9.

[yazher]

I think this is not a good week as many of you think, because before next year's Bitcoin halving. there will be a lot of things that will happen. Like for example, the price will fall even lower at this point. Most of the exchanges' employees will be on vacations and some traders. there will be no effect on price on that week instead of what the price before that week, will be the price of that week as well or maybe lower than that. If there's no many transactions at all.