Another month of March

[Oshosondy]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

[Taskford]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

From those scattering fuds around for sure many will think about having a bad faith on holding crypto by the month of March that's why expect a dump so if you are afraid to hold and see some reds on your portfolio well maybe you should sell off if you are still in profit right now since provably you will get panic if dumping will start and sell at loss. But if you believe that this year is different and can able to hold for future gain well you don't need to get affected on those dump fud hearsay since as we can see Bitcoin and other cryptocurrency always show a good renounce after so many years especially when bull market strikes or alt season came so it's still good to hold even if we suffer for bear season on the month of March.

[Rikafip]

I heard people saying left and right that March will be bad, but who knows maybe exactly because everyone is expecting crypto to go down, the opposite happens. The same way like barely none expected btc to go up as much as it did. Kind of "expect the unexpected".

With that being said, I am  not overly fussed with the short term changes of the price as I am trying to look at the big picture. If it keeps dropping further that only means that we will be able to acquire more BTC before we reach new all time high which as we know is just a matter of time.

[acquafredda]

Can we leave clairvoyance out of the equation please? Let March and all the other months be ... months! Market conditions saw a slight decline which is also good to prepare the ground for future legs up.
We all know what happened last year but let that be an unprecedented series of events as it cannot happen again!

[Yaunfitda]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I will remain optimistic that March will still be good or favour bitcoin.

(1) the market remains bullish, the recent downtrend is somewhat like a 'norm', as every month we have to see some healthy correction;
(2) Institutional investors are still buying in the dip that might push the price again next month;
(3) I'm not expecting anymore FUD, or least the market will not be affected by it in a negative way;
(4) for average joe, if March turns out bad, then it will be a good buying opportunity for us as well.

[FIFA worldcup]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I think we will see the more bearish trend in march as bitcoin might test 38-40K in that month. I don't believe that certain months are bullish or bearish for bitcoins but the current price action of bitcoin seems that we are in a short term bearish mode.

[Bitstar_coin]

Well I didn't hear anything about March going to be tough for crypto,  I think this is normal correction phase that can happen in any other month, I don't see any reason for people to exaggerate so much about it, there are many predictions about 2021 and that's where my thinking is.

[Lucius]

I think the OP is referring to the fact that March is indeed one of the worst months when it comes to monthly returns, but some other months of the year have similar statistics, such as September.

I think most of us still remember what happened last year in March, although of course it was a very specific situation - but given the current price movement, it is very possible that this March will have a negative monthly return. It is possible that the statistically bad March has to do with the fact that the beginning of the year in the world is usually marked by tax reports, but also the fact that many have less money to spend because traditionally the most money is spent during the Christmas and New Year holidays.

[Peanutswar]

Actually, from the previous year of the march, we experience the downfall of the market of the bitcoin and I saw this in my bare eyes is the 3k USD off the price of it but again there are a lot of things that might happen on this kind of situation there is a lot of rumour that the bitcoin is just having a re-test for another launch of the flight to the 60k mark there are a lot of possible ways but if you watch the previous graph of the coin which on the month of February to march the graph is going down again, still must keep aware about the possible outcomes.

[Poker Player]

I do not believe in determinism, much less for markets. That in Bitcoin's short history, the March return has generally remained bad is simply due to pure statistical variability, with perhaps other factors playing a role, but if we understood the concept of series better, these things would not concern us.

[meanwords]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

Nothing to worry to be honest. Looking at the picture above posted by Lucius, it looks like every negative returns in March, it's always being followed by a positive return in the proceeding months. Isn't this good? we get to weed out weak hands temporarily and buy cheaper Bitcoin for us .

[Lordhermes]

<•••>

Thanks for this monthly charts on bitcoin market every year, I could understand that March of course had thorough negative impart on the market, since 2011 the market looks bearish in the month of March except the year of 2013 and 2019 so you can see how negative effect March has on the market, also September does similar thing.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/why-another-march-crash-not-171738764.html

The largest crash observed was undoubtedly in March 2018, when Bitcoin fell more than 32%, followed by the March crash of 2020 induced by pandemic-related panic selling.

I also research more on the reasons for the bitcoin dip in price by March, but for tax related reasons, my question, is tax isn't paid other months? Why exactly month of March taxation has effect on bitcoin and other commodities?

[tranthidung]

The bull is here and bitcoin is on the middle range of this current parabolic curve.

A naively visual charts between 2017 and 2021 (price and volume).

• Volume: Yesterday, a huge spike occurs.
• What if the price history repeats itself?  

March looks like a sideway month. There are few years that March has days in top of most profitable or bloodiest days but the range is not too wide (means not big changes). An exception is 12 March 2020 with -37.2% between open and close price.
You can check it in the raw lists or the box plot.

• Bitcoin price history -- most profitable and bloodiest months, days
• I am waiting for something big in May or November (see the width of boxes in the box plot)

[dansus021]

I think the OP is referring to the fact that March is indeed one of the worst months when it comes to monthly returns, but some other months of the year have similar statistics, such as September.

I think most of us still remember what happened last year in March, although of course it was a very specific situation - but given the current price movement, it is very possible that this March will have a negative monthly return. It is possible that the statistically bad March has to do with the fact that the beginning of the year in the world is usually marked by tax reports, but also the fact that many have less money to spend because traditionally the most money is spent during the Christmas and New Year holidays.

March is bad month or what in almost every month got red colour 


Grab some bitcoin and hope it will touch new ATH 

[just_Alice]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I think there's no need to link Bitcoin's price to seasons, months without any other cause. March is just another month, that's all. Yes, in the history of Bitcoin the market did go bearish several times in Feb-Mar, but it was just a coincidence.

For instance, in the year 2019 in Mar-Apr we've seen quite the opposite: the price went up. IMO it's always better to perform, when possible, deep analysis, compile real facts in your head and look for possible explanations why there were certain changes in price, rather than stick to rumors with no underlying rationale.

[pawanjain]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I don't think March has anything to do with it. It is not March's fault for bitcoin to drop in price. It was all expected!
Since bitcoin was having a bull run it also had to face a correction and it was the right time for bitcoin to undergo correction.
Now since the price is decreasing, buyers have a good option to buy back at dips. Once the correction is over and bitcoin is read for the next ATH it will definitely cross $60k.

[ukw]

I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.

What you think this coming month (March) will bring?

I don't think anyone can predict what the market will bring us in March, but I still think that the bear market may last a few more weeks. It remains to be hoped that it is not too long.

[Becky666]

<snip>

What you think this coming month (March) will bring?

No one could be specific about the next month in bitcoin movement but one thing is certain that the bitcoin market can go sideways like the existing Marches. There are much analysis on this thread that support this sideways movement, so, either way the market go we should be more confident on holding unto our portfolios. In my little comprehension, the market won't recover until some coming months becasue of the current chat and it possible support.

[Sterbens]

So, when FUD was implemented, didn't you feel like someone was going to take a risk? So let's see if March actually turned into a bearish month or it turned out to be an unexpected month. because the growing market often takes advantage of the news, so those who are well prepared can take over first. and we were trapped by FUD.

[BrewMaster]

traders love to have superstitions when trading! mainly because they have a hard time "predicting the future" so they need some sort of magic to help them.
when the market is bitcoin market and it is very volatile, the superstitions increase a lot more. that is why we keep seeing stuff like what OP is saying. there is nothing special about March and there is no logical reason why price should fall in next month just because it is "March"! besides we already had the drops in both January and February, both of them big drops too. so how do you explain that?