December Has always Proved to Be a Good Month For Cryptocurrency industry

[pooya87]

the thing about history is.. everyone can see it and react to it to "never happen again"

meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern

a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern

You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin!

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[franky1]

the thing about history is.. everyone can see it and react to it to "never happen again"

meaning if traders see a pattern that a high happens at a certain time.. eventually enough traders plan to hedge that by selling in that historic suggested time. which then ends up with the suggested time sees less highs that due to mass sells taking advantage of knowing the pattern.. thus breaking the pattern

a pattern is only a pattern until to many people use pattern recognition trade bots to trade against the pattern

You are forgetting the first step of this process where the increasing number of people believing in the pattern start buying bitcoin because they think price is going high and at the same time they are seeing the signs of it going up. Just like what happens every 4 years in the weeks leading to halving where a lot of people panic buy bitcoin!

i see your point what your trying to say. but rationally..
1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013)  halving: 2016(ath 2017) halving: 2020(ath 2021)

if users that DCA know that december is a high month.. they are more likely to buy before that.
thus less buyers in december and more sellers.. breaks the pattern by having a down month instead of an up month

if i was a naive DCA who JUST seen this pattern

J   F   M   A   M   J   J   A   S   O   N   D

2   5   4   4   6   3   6   7   7   8   8   8

instead of dca $1k each month evenly ($12k)

even i would do more at start of year and less at end of year

but id advise no one to do DCA (just buy no matter price just because you deposited)

nor base it on historic patterns of years ago. which are not predictive at all. just a topic of interest thing

i would instead say look at current price compared to recent average to see if its above or below average to decide what % to put in

in short 'buy low, sell high' and 'buy more on low, buy less on high'

[pooya87]

i see your point what your trying to say. but rationally..
1. i dont buy on a known high.
2. sellers want to sell more on a high
3. ATH happen a year after a halving event
halving: 2012(ath 2013)  halving: 2016(ath 2017) halving: 2020(ath 2021)

1. No one should even though every high in bitcoin is the future low
2. Yes but they can't know where the high is, when the rise is happening all everyone sees is the rise without being able to predict when it is going to end.
3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!

[franky1]

3. I wasn't talking about ATH. Before halving date there is always a lot of hype in the market with countdowns and whatnot and people are generally excited and are FOMO buying bitcoin hence causing a rise or even a mini-bubble!

there is alot of conversational FOMO and social drama

but when say the 2016 halving. that seen a pre halving price of $450 turn to a post halving of $900

people are not buying more, spending more..

what is actually happening is a normal investor paying in $50 a month got 1btc before and 0.5btc after

..
check some old screen shots of market order listings in say 2012-2022
there is a noticeable difference to the decimal amount on offer

i remember in 2012 average orders were 1btc-1000btc
in 2022 its now 0.001btc - 1btc

people dont tend to "spend more" or buy more..
the instead pay regular amount and just get half as much coin per halving.. which translates to the price doubling

in short. its not where market orders are now 1btc-1000btc orders of $16k to $16m

its not buyers buying more
its sellers offering less coin

[Queentoshi]

We know that we cannot speculate Bitcoin price, But I can say that as history repeats, we can get chance and also a better judgement and it can be very risky.

At this time when things are not as they used to be in cryptocurrency, whatever can give us hope will do, thank you from sharing hope and positivity. This is somehow reassuring for me and will be reassuring especially for new people who just purchased bitcoins. I am a scared still to an extent at the sentence that "History repeats itself", if history repeats itself truly and I am excited expecting good times, I should be sad as well knowing that there are also some bad times in history, and I should expect them as well. I'm so sorry, but it is difficult to not think about the time after the good time, or what will come after the good time.

[ali115112]

December month was good for the cryptocurrency industry in past years, but not all time good for Cryptocurrency; we expect the month of December 2022 will be good for the cryptocurrency industry because the previous few months were terrible for Cryptocurrency due to a downfall in price. In the coming month, Cryptocurrency's price can go up due to various good news.

[Smartprofit]

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like God start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

Yes, the price of bitcoin very often rises in November and December and falls in January and February.  This is due to several reasons. 

Firstly, such price dynamics is associated with the peculiarities of the tax system in the United States and other countries. 

Secondly, many people take profits on New Year's and Christmas.  New Year is a time to take stock and buy gifts for family and friends. 

Thirdly, January and February are the time of winter depression.  People's mood worsens, optimism decreases and they begin to believe less in the prospects of the first cryptocurrency. 

But I don't really believe that the price of Bitcoin will reach $36,000 in December.

[Ucy]

I know I am not pro or old here but I know little bit. I was saying that Bitcoin is just had always proven good start in December month and in first Quarter of New year and If history repeats than this will also be like good start of crypto Rally and I hope in this timeframe btc might go Upto 36k dollars before May crash.
We know that we cannot speculate Bitcoin price But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
That's Why Do your own research before putting money.

Hope this is not an attempt to divert attention away from the fact that Oct 2022 to the end of this year was chosen to be a period of massive bull run for Bitcoin in contrary to the pessimistic atmosphere in cryptospace and their expected bearish market for thesame period (Oct to Dec 2022) .
In regards to the expectation of a cr*ash in May next year, I think the month would be chosen for the massive rally to somewhere between 50,000, to 60,000. This should prove the historic charts unreliable.


We may consider making this month(Dec) rally an ordinary one not greater than a previous rally we had few months ago. This will mean that the "good start" was some month ago rather than this month (Dec).



Meanwhile, the bull will continue head butting the bear and moving against the bearish tide. We will still have a strong price movement just as it was couple of months ago.

[Ultegra134]

As Ddmr already posted, December hasn't been the best month for Bitcoin. Perhaps we're associating the bull market that took place near the end of 2020, that had made Bitcoin to return back to its former glories of 2017. January, February or October have much more positive results, but why does it even matter? I believe that it's often coincidental and doesn't statistically prove something. Maybe, there might be some correlation between time of the year and Bitcoin's price but it shouldn't be taken for granted.

P.S December of 2020 was my reset button, the month I relogged to my wallet and started all over again. It's been two years already.

[crunck]

It is true that in the past, December could be said to be a good month for cryptocurrencies but this year is different from every year in that there are wars and inflation, so it is difficult to say whether history repeats or not. We should be optimistic with our investment but always be careful because bear season is not over yet, worse things can still happen, don't be subjective.

[landheer]

In my opinion, not all of December is a good price for bitcoin, and even now, namely December, today the bitcoin price is still low, there is no high increase. so essentially there is no certainty with December regarding crypto issues. but what is clear is that now is the right time to buy bitcoins. because the price is still low.
but I hope that in December this year the price of bitcoin will increase. and turned into a bull market.

[wxa7115]

It is true that in the past, December could be said to be a good month for cryptocurrencies but this year is different from every year in that there are wars and inflation, so it is difficult to say whether history repeats or not. We should be optimistic with our investment but always be careful because bear season is not over yet, worse things can still happen, don't be subjective.

And this is the problem with trying to use the calendar to predict the moves of bitcoin, it is too simplistic, it does not tell you anything at all about the real reasons why the price went down or up.

Besides the observations of the OP are not even true, 3 of the last 4 Decembers have presented a negative movement for the price, with this in mind it is better to watch the charts and to follow closely the news regarding this market and the economy in general, so our predictions about the possible movements of the market not only will be more accurate but they will be based on actual data which affects the movements of the price.

[Toni Ross]

This may be a good month for BTC but it also is booming for ETH and DOGE. Research is necessary anyway as everyday there is a new change.

[dhyani_vivek@gmail.com]

Hopefully this may be a good month for BTC & other crypto although BNB not looking good. Finger cross for some price up in ADA 

[Leviathan.007]

Something something past performance is not indicative of future results. Also, December of 2021 was a down month. Pretty much only 2020 was the only good December concerning price since the past few years.

Now is the 19th of December and I didn't see any special move in the market or any special event that changed the situation of market, but you are right, from what I can see on the chart, December of the last year wasn't a good month for bitcoin and the price and bitcoin industry while on 2020 we had a better situation. so it doesn't matter if we are in December or any other month because the market can react in a different way comparing to the last years.

[Ebede]

Looking here in my Farmers almanac  is says to plant my bitcoin in the spring.

The world is a much different place than December 2020 and 2021.

Only a lunatic would base his or hers bitcoin investments on a lunar calander.

 

How will you say from the aspect of your statement planting of Bitcoin is like investing in Bitcoin or holding a bitcoin for long time so I believe thought that Bitcoin it's just something that when you have it and hold for long time andron the bearish market that is you are holding bitcoin more than when it enters the bullish market you have a surplus gun that is the aspect of paper lantern bitcoin for my own understanding

[dunfida]

Something something past performance is not indicative of future results. Also, December of 2021 was a down month. Pretty much only 2020 was the only good December concerning price since the past few years.

Now is the 19th of December and I didn't see any special move in the market or any special event that changed the situation of market, but you are right, from what I can see on the chart, December of the last year wasn't a good month for bitcoin and the price and bitcoin industry while on 2020 we had a better situation. so it doesn't matter if we are in December or any other month because the market can react in a different way comparing to the last years.

Good or Bad, no one really knows on what it would look like.It is really just that people who do have those good experience on those month of December back into those previous years are really sticking up their minds

and still keep believing that those good things would really be happening and this is why whenever we do reach out on the end of the month of each year then we do really have this kind of impression.

Now, its really totally opposite where it did really make out some increase on small percentage but it do still end up on dipping which its not something shocking anymore.
People should really get used to it because market is always been that unpredictable.

[Thuy Anh]

Bitcoin price fluctuations are not fixed.We cannot correctly predict the rise and fall of future events.
Usually, the occurrence of positive or negative events or some major events will affect the price trend of Bitcoin. There are so many types of coins in cryptocurrency right now. With the continuous development of cryptocurrencies and the improvement of the ecology of other altcoins, Bitcoin must always ensure its "boss" status in order to continue to appreciate.

[worle1bm]

See we have already entered the December phase and as per your sayings the results are not so good and we can't fix that crypto market will boom in this period.The prices will only rise when the investment will take place in reality and that could happen anytime but we can't take past considerations to predict the future.But keep one thing in mind that it might take some time but surely the prices will rise speaking for bitcoin if you have patience to hold it.

[indah rezqi]

See we have already entered the December phase and as per your sayings the results are not so good and we can't fix that crypto market will boom in this period.The prices will only rise when the investment will take place in reality and that could happen anytime but we can't take past considerations to predict the future.But keep one thing in mind that it might take some time but surely the prices will rise speaking for bitcoin if you have patience to hold it.

Recovery can always be expected, though not just in December.
So far some increase occurred during December but it didn't last long. I almost thought $17K would be strong support, but it failed. I could expect some minor movement during late December, but I wouldn't be surprised if a sell-off correction occurs over the holidays.

Regardless of what will happen at the end of December, then I think people need to take advantage of the market situation to increase their portfolios. Buy it and hold it, it will really pay off in the long term.