Seems like the bullrun is over this year!

[plr]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

What chart are you looking at is it really Bitcoin you only invested 3 days and you want to make a profit right away, Bitcoin has a good 10.1% profit that is if you invested 11 days ago, be patient nobody losses investing in Bitcoin if they have patience, or you can sell your coin if you are in a hurry to make a profit.

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[kapalmabur]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

What chart are you looking at is it really Bitcoin you only invested 3 days and you want to make a profit right away, Bitcoin has a good 10.1% profit that is if you invested 11 days ago, be patient nobody losses investing in Bitcoin if they have patience, or you can sell your coin if you are in a hurry to make a profit.

in the crypto currency market it is very volatile you can lose your profit easily,
especially if you buy it at the highest price, indeed the Bitcoin price this month reached $ 19700 and it was an all time high this year,
so you have to be careful if you want to entry in Bitcoin, and note that the bulls have just started, not ended.

[newwest]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

What chart are you looking at is it really Bitcoin you only invested 3 days and you want to make a profit right away, Bitcoin has a good 10.1% profit that is if you invested 11 days ago, be patient nobody losses investing in Bitcoin if they have patience, or you can sell your coin if you are in a hurry to make a profit.

Buying on high is always dangerous and if you make money then sell it. if able to hold for long then it is best to stay calm else in hurry you lose more than gaining anything. Still not sure how will bitcoin unfold in 2021 or rest of the few days in December as its rises and then fall backs again.

[Mahdirakib]

Of course, you are right but I remember what happened in December 2017 just like yesterday.

The reason why I'm asking is that, most people cash out in December and that may cause a major market crash.

Don't get panicked when the price slightly goes down. It is not 2017. People will give you all kind of suggestion here, there is no guarantee about anything. Maybe we aren't going to see the repeat of same thing this time. Bitcoin still showing strong position. I believe bitcoin won't go down much if it get a sudden dump. Finally bitcoin will recover shortly and reach more high.

[BuNga_cute]

Like you want to get instant profit from investing in crypto. If you think like that means you don't understand cryptocurrency.
Because investing in cryptocurrency must be patient, can not expect price increases every day, because sometimes it needs
several days of correction. So stay calm, because based on my analysis the bullrun isn't over yet. The price of Bitcoin and
altcoins can still go up again.

[Casdinyard]

Seems would mean lack of certainty or assurance but that's how this market works on the other hand. We won't know if the bull market is over or not. The market price is playing pump and dump at this moment. But the good thing is that the market price is still close to its ATH and there is still a huge chance for the market price to reach or even surpass its ATH either this year or not, we just don't know. The momentum is indeed stopped but given that no continuous downfall is occurring, hope would still be there and we just need to be patient on how things will behave in this industry.

[Fortify]

You should rephrase that - you gambled your daughters future savings on an asset that you were unable to predict. If you were serious about protecting that money you would have put it into a sensible index tracker fund which would do well over the long term based on an extensive history of the stock market. You can only see 10 years worth of bitcoin history and it has been extremely volatile in that time, who knows what it will be worth in ten years time, an even better cryptocurrency might be starting to take its place by then. Then again, someone who is willing to put 100% of their money into one asset cannot be trusted to take the most sensible decisions.

[suzanne5223]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

You never mention the coin you really invested in because if you invested in good crypto like Bitcoin all you have to do is not panic sell until the market reaches bullish season like now.

It's December, after all!
Are the bulls gone now or what?

No, the bull run is not over but the seems to be manipulated through the institutions that joined the cryptocurrency market but sooner or later new ATH will be achieved.

[Roidz]

I think the bullish rally is still ongoing and far from over.
because if we look at the chart on the market today it shows an increase and is likely to continue until 2021 and if you are lucky, of course you can return all your daughter savings that you have invested in the market, in my opinion your intention is good enough to be able. take advantage of your daughter's savings but what you are doing is too risky by risking your daughter's savings because you could lose money and if that happens it will definitely disappoint your daughter.

[target]

If you are not in a hurry, it will still go up in a week or two. The market is just starting and institutions are coming in. You just have to wait though. The ones that are not into short term are going to benefit so you just have to be one of the long-term investors. OP however is investing the money intended for her daughter, I hope you don't badly need it before the price goes up.

[STT]

Its not over till its over, just drifting isnt that bearish as the high price is maintained.    I doubt it falls just now without any reason, it will fight all the way down probably.      I need it to lose moving averages right now, weekly and then lose the prior recent low of about 16.5k.   Then we can talk about its over till next year.

[error08]

3 days ago yet the market is tumbling.

Bitcoin is not supposed to go up every single day of the year! This is not some pump and dump shitcoin that is here to give people quick profit before it dies again. Adoption and rallies take time, they can't happen over night.
Over the past 30 days price has gone up 42%, what else do you expect?

Of course, you are right but I remember what happened in December 2017 just like yesterday.

The reason why I'm asking is that, most people cash out in December and that may cause a major market crash.

The market still going sideways as it gives the impression that bitcoin will go down and will go up, as the support and resistance levels are both resistants at the moment.
The bull run isn't over yet and your daughter's money will recover as long as you're willing to wait, set a goal to sell, and be prepared to cut loss if you can't wait for months.
However, bitcoin suppose to reach the ath in the next year, probably around $30k-$50 and some predict it may reach $100k.

[TimeTeller]

3 days ago yet the market is tumbling.

Bitcoin is not supposed to go up every single day of the year! This is not some pump and dump shitcoin that is here to give people quick profit before it dies again. Adoption and rallies take time, they can't happen over night.
Over the past 30 days price has gone up 42%, what else do you expect?

Of course, you are right but I remember what happened in December 2017 just like yesterday.

The reason why I'm asking is that, most people cash out in December and that may cause a major market crash.

The market still going sideways as it gives the impression that bitcoin will go down and will go up, as the support and resistance levels are both resistants at the moment.
The bull run isn't over yet and your daughter's money will recover as long as you're willing to wait, set a goal to sell, and be prepared to cut loss if you can't wait for months.
However, bitcoin suppose to reach the ath in the next year, probably around $30k-$50 and some predict it may reach $100k.

It seems that the OP is hoping for get-rich-quick here. You can't expect to earn high profits in a matter of days.
If he's into crypto since 2017 (as what the profile says), then, he knows how btc market behaves.
And that time, he had seen a lot of ups and downs in the market, and just because we are almost seeing the ATH price of 2017, he may be thinking that he can also see that price again easily.
The crypto market today is very different than in 2017. And in terms of adoption, definitely, we are doing much better today.

[crwth]

Your username summarizes what you did with your daughter's savings, Lol.

Anyway, When did you do it, though? Upon looking at the chart



It plays around the range of $18500 ~ $19200. I doubt you already lost a lot of money, but you could still recover it depending on your market position and ability to use stop-loss if you were wrong in your prediction.

Definitely, the bulls are not yet giving up. There's still a possibility of running upwards depending as well on the different institutions that buy BTC.

[magneto]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

That's not investing. It's pure speculation (which fits this board).

I doubt the bull market has come to a conclusion. There seems to be a general market consensus that it'll be a matter of time before $20k resistance is breached. Whether or not $20k can be established as some form of psychological support begs another question altogether.

But the fact is that you are not playing with your own money. I don't know the significance of the savings to your daughter, and whether or not you are even authorised to access it. If you are not, I suggest you withdraw your investment or at least consult your daughter before you proceed - that's my bottom line even as an avid long term BTC holder.

[pilosopotasyo]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You should have not invested your daughter's savings without understanding what you are investing into, we have a very popular saying here "only invest what you can afford to lose" you should understand this you are not doing research on how the market works you only care about greed this is the easiest way to lose your investment following your greed.

[Pamadar]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

You should have not invested your daughter's savings without understanding what you are investing into, we have a very popular saying here "only invest what you can afford to lose" you should understand this you are not doing research on how the market works you only care about greed this is the easiest way to lose your investment following your greed.

Before you invest you should know all the grounds around the market that you are dealing with.

Bitcoin is very volatile, without proper understanding you'll lose your money that quick, like what happened to you, that movement
lead you to lose your daughter's savings, it shouldn't happened if you know that after the dumped, pumped will take place, it's timing
that you need to know to earned from this venue of investment.

[blckhawk]

I invested my daughter's savings 3 days ago yet the market is tumbling.
So, I lost some of her money due the current market conditions.

It's December, after all!
Are the bulls gone now or what?

First of all, why would you invest the money saved by your daughter for 3 years? It's kinda dangerous I'd say, remember that you should only invest the money you can afford to lose. Anyway getting back, I don't think that the run is over but rather I think we are only just in the beginning, yeah we can say that Bitcoin is just hovering around the $19k USD mark and making only subtle changes but it doesn't necessarily mean that it is over. Besides people keeps accumulating. So what if it is December, yeah folks may be liquidating their holding for this month but I doubt this will affect the market that much, it wouldn't be like we had way back in December 2017 because the growth is much stronger now.

[michellee]

As long as he is not in a rush to sell the bitcoin he holds, he can recover the losses. It is just beginning, and even if the price now is down, it doesn't mean that the price will be staying at the current price because the price will have another time to start another rally. He needs to be patient and not trying to cut loss if his losses are too big, and it is better to hold the bitcoin. He can say to his daughter that we need more time to profit because the situation now is not right to make a profit. I think if he can explain better, his daughter will understand and will follow his suggestion. But that will be different if his daughter needs money because that can make him sell the bitcoin at the current price.

[gabbie2010]

You are too hasty in expecting to a making profits after investing in cryptos in few days having forgot that investment in Bitcoin is a long term project while the overall market conditions now is very bullish you ought to have waited for a minor pullback before buying not just buying at peak, beside its not advisable to use your daughter's fund for investment bearing in mind that you will have to wait for months or years to make decent profit of your investment.