Bitcoin Week (Dec 22-28)

[kotik085]

Nothing changes and tomorrow is the 28th of December, and Bitcoin is at around $ 7,100, which is unlikely to raise the price. But today is not December 28th, let's see what happens tomorrow, because many traders expect a bullish mood.

[1714722987]

1714722987

[Polar91]

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.

It is really a good thing to admire that instead of converting bitcoins back to fiats, they are buying items and what you've just mentioned directly through bitcoin. In that regards, we can still make sure there is allot of market capitalization that we have, and the market price of bitcoin will remain high. But if not, let's follow what investors are doing, which is taking advantage of the declining market to accumulate BTC, and other altcoins to add it to their portfolio.

[hahay]

The fact is not the case, the theory is about holidays and at that time at least every person who celebrates it will need fiat money for the holiday itself and for shopping needs or whatever it is basically they will not spend money to buy crypto during the holidays.

[Mia44]

I have never heard of this concept, but this seems to be true for the Christmas holiday, the last 3 years Bitcoin has increased in the week before Christmas.

[Wysi]

Nothing changes and tomorrow is the 28th of December, and Bitcoin is at around $ 7,100, which is unlikely to raise the price. But today is not December 28th, let's see what happens tomorrow, because many traders expect a bullish mood.

Looking at current situation I don't think there will be a huge impact as we are witnessing a fluctuations of approximately $100 daily and I feel this is created by traders on their own terms to earn regular profits everyday and I feel that the value of bitcoin will remain similar until halving.

[msarro]

I think OP got it right with some alterations.
Price of bitcoin was 6590$ on 18 dec 2019 while on 23 Dec 2019 it went up to touch 7600$. I just calculated this from coinmarketcap. Those who have bought bitcoin on 18 dec have surely enjoyed the Christmas.

[Yatsan]

The fact is not the case, the theory is about holidays and at that time at least every person who celebrates it will need fiat money for the holiday itself and for shopping needs or whatever it is basically they will not spend money to buy crypto during the holidays.

Just to add up on this one, If you guys noticed that the price of bitcoin in month of December in every year that it isn't pumping, it's very obvious that we are not going to experience a pump because of the holiday season, we cannot force ourselves to believe that it would raise within the last days of 2019. The price now is not that disappointing at all, $7000 is still a good one for bitcoin knowing it will be having the 4th halving next year. People would definitely go wild after the Christmas holiday, probably on the first quarter of 2020 around January to March.

[jostorres]

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?

It’s not funny how some people just jump to conclusions and always having high expectations on Bitcoin. Bruhh, you said this since 9th of December and till the last day you mentioned we haven’t seen anything happen. Lol, I know you said this because of what happened in 2017, but you forgot that we don’t the possibility of same thing repeating itself and even if it’s possible it’s not going to be this year.

Starting from when the halving was announced to be in 2020, I gave up my hope on Bitcoin increase in the years 2018 and 2019. I am not even sure if there is going to be a rise in 2020, but I’m just saying because that’s how it’s been. Anyway, let’s wait till then and see what happens.

[rizkyalhabsy]

wrong think i guess , buying a lot ? oh come on , people will sell it for their holiday and its seems like tradition, but about why price going rise, oh come on its a common situation, even normal situation, the only thing i waiting about it , is how about next year, i mean first week of january , did people have a lot enthusiasm for crypto ?

[aamirsuh]

I have never heard of this concept, but this seems to be true for the Christmas holiday, the last 3 years Bitcoin has increased in the week before Christmas.

Everyone is waiting for the 2017 bull season. But I don't expect that anymore. The price of bitcoin increased during that period. Christmas holidays can experience a mobility for bitcoin. Bitcoin can increase very quickly. Because there has been a decline for 2 years. I need a new story now.

[diahsw]

just do it, it's a day of fun and vacation to beautiful places, especially if we have bitcoin, it will feel more fun .. !!

[Youghoor]

How sure are you that December 22 - 28 is a Bitcoin week? I think you should provide us with evidence backing this your claims and assumptions. You can't just make this assumptions without providing us with analysis and market statistics to back this. People in the crypto space believe in evidence and analysis. Please give us something to rely on to accept December 22 -28 as Bitcoin week.

[kryptoklerk]

How sure are you that December 22 - 28 is a Bitcoin week? I think you should provide us with evidence backing this your claims and assumptions. You can't just make this assumptions without providing us with analysis and market statistics to back this. People in the crypto space believe in evidence and analysis. Please give us something to rely on to accept December 22 -28 as Bitcoin week.

It's not actual anymore...

[FairUser]

How sure are you that December 22 - 28 is a Bitcoin week? I think you should provide us with evidence backing this your claims and assumptions. You can't just make this assumptions without providing us with analysis and market statistics to back this. People in the crypto space believe in evidence and analysis. Please give us something to rely on to accept December 22 -28 as Bitcoin week.

We have been through it, and nothing has changed. The bitcoin price is still stable and the market is stable. I also do not know what he relied on to confirm that December 22 - 28 is the week of bitcoin, maybe in his mind thinking that on holidays bitcoin prices will be dumped and make many investors lose.  And in the end that's just his fantasies, nothing has changed for this market

[DreamStage]

You are wrong.... This is the time where most of the investors and buyers are selling.

It has been always like this since 2017 always within the same interval.
That's because people need the money to buy stuff for this season.

They need to buy presents, prepare everything into their houses for guests, getting prepared and so on.
All preparations takes time and money and that's the reason why it's all about selling during such times.

[minersday]

Are you sure ...that the purchase of bitcoin rises during holidays? i think it is rather the opposite as people sell bitcoins to have fun with their friends and family members during these times. If there were stores that accept bitcoin then people would have no need of cashing out but use their bitcoins for all their purchases but there ain't so they have to sell their bitcoins in order to have some fiat currency to spend.

[pakhitheboss]

Historically the price either remains sideways or goes down end of the year, it never goes up. The same situation will remain till end of January. Any surge in price will happens either mid of febuary or the end. So, keep calm and enjoy the last few days of the year.

[veleten]

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?

I haven't seen the graphs but I highly doubt people are pinpointing this exact week to buy coins
especially the common folk , not whales or traders or something
this year was a good one if you see it from the point of view of your March trader when the price went down to nearly 3k USD
this gave so many opportunities to buy and we also saw a 10.000+ high as well
buying now at 7400 could be a good idea if we keep the coming halving in mind
next year the price should be higher than this , but with bitcoin you can never tell

[yohananaomi]

Historically the price either remains sideways or goes down end of the year, it never goes up. The same situation will remain till end of January. Any surge in price will happens either mid of febuary or the end. So, keep calm and enjoy the last few days of the year.

In general, no one can predict with certainty about the movements of bitcoin, seeing that by the end of 2018 there is indeed nothing that can be relied upon but when the end of 2017 the price is pretty good even though the trend is still down. and dijanuary rose again even though not long ago and continued down until the end of this year. bitcoin is indeed very unique and precisely here lies the advantage of bitcoin which is very difficult to guess when going forward. because the movement of bitcoin is very fast both down and up. so it takes patience and not panic to execute what we are going to do in order to benefit.

[yulionoo]

I just think otherwise while on vacation some people will sell their bitcoin for Christmas and New Year's needs. and some people will take a break from cryptocurrrency activities. and if we see yesterday there were no drastic changes to bitcoin. bitcoin prices are stable at $ 7,300 going up and down a little. and I think until the beginning of this year the price of bicoin will remain at the level of $ 7k.