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Author Topic: December Has always Proved to Be a Good Month For Cryptocurrency industry  (Read 566 times)
classicman1 (OP)
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December 01, 2022, 09:36:15 AM
Merited by fennic (4)
 #1

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.
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December 01, 2022, 10:03:51 AM
 #2

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.

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December 01, 2022, 10:05:53 AM
 #3

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.

Hum you might be right but we cannot take any kind of risks that could be the dangerous for us. Now a days Btc in Bear market and anything could happen like Terra Luna crash and also FTX Collapse and I think in near future Ethereum Or BNB might Crash to take down whole Market and it will be disaster.

Luna or FTX crash doesn't mean ETH or BNB will crash, they are entirely different. In this case, it should also be taken into account that BTC will crash, as there is no guarantee that bitcoin will never crash.

The 36k target is extremely high expectations for bitcoin before the end of the year. I don't predict what bitcoin will look like this December as the market situation is not getting any better. We just took one small step forward and this also happened in November, we had a great start to November but everything after that...

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December 01, 2022, 10:15:15 AM
Merited by stompix (2), mk4 (1), crwth (1), Ultegra134 (1)
 #4

Looking over the uncontextualized data, price has a good behaviour on only one out of the past four Decembers, being December 2020 structural the path to the subsequent 2021 ATH:


Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that we’re much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.
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December 01, 2022, 10:19:54 AM
 #5

If what you are saying is that every time the month of December comes, the price value of Bitcoin always increases somehow, something that I have also noticed. That's why it's hard to predict how much bitcoin can raise this whole December dude.

We know Bitcoin many times that it suddenly moves unexpectedly that we are suddenly happy because of its kicking and suddenly the value falls which also causes others to worry to sell because of fear, these are the scenario that we always face with every movement of bitcoin because of its volatility that is always shown in the market.

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December 01, 2022, 10:22:50 AM
 #6

Not really… You’re factually incorrect as December hasn’t always been proven to be a good month for the cryptocurrency industry. And even if it were so(which it’s not), we shouldn’t predict the market on past behaviors as it is unpredictable as well as volatile.

While I’m being optimistic about the rise of the price of bitcoin as it’s now gradually rising, I’m also being realistic knowing that there could be a change at any moment.
Hopefully, we’ll continue to see the upward trend in the movement of the price of bitcoin as adoption rate increases.
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December 01, 2022, 10:39:27 AM
Merited by fillippone (2)
 #7

While the optimistic tone is always nice, a major turn of events happened in many investors lives. All of this was only a month ago, so December may not show as strong of a recovery as you want. Don’t worry about price right now since many people are saying we are in bottom territory. Just buy sats in bulks of a few million a week. 100 million sats is one bitcoin. It gets less scary when looking at it from 16k instead of 69k.
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December 01, 2022, 10:54:27 AM
Merited by stompix (1)
 #8

@fennic, Alt accounts on the forum are not prohibited, but from the style of writing, it seems to me that the OP is your alt account, and in addition, sharing merits between alt accounts is not something that is looked upon in good faith. If anyone wonders why I concluded that it is about alt accounts - the style of writing random words with a capital letter is more than evident + a fast reply in 3 minutes.



December was not always a good month for Bitcoin, some just believe that there is a Santa Claus and that he will bring them an unexpected gift in the form of a big bull run - something like that this year is astronomically far from reality.

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December 01, 2022, 10:59:46 AM
 #9

December is not always green and it is not a greenest month for Bitcoin.

Cryptorank.io has a crack-down table for monthy and quarterly returns for Bitcoin. If you see both tables, you will realize that you wrote an incorrect information.

Bitcoin market is within a bearish period that gives us a long time to accumulate it and DCA. I don't mind that December is a best or worst month for Bitcoin in its history. I pay my attention on a next halving and I noted the Bitcoin BlockHalf Countdown website. In its estimation, there are about 500 more days till 2024 halving.

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December 01, 2022, 11:08:58 AM
 #10

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.

I don't know where you got all these your thesis from but i can bet you they aren't valid enough, who told you that come may next year there's going to be a bitcoin crash? We ain't done with the last Q4 of this year yet and anything nee can still come up with price, pls don't get others to misleading information and do your own research well.

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.

You can speculate on bitcoin price, we have the chart, weekly candle, history, market cap, market volume and many other factors as parameters for speculations.

That's Why Do your own research before putting money.

Part of the research which you do is speculation.

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December 01, 2022, 11:49:27 AM
 #11

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.

I would say just small rally, specially weeks before Christmas, maybe it's because people are buying as they are getting their bonus check. Or just pure manipulation from behind because after a spike, the price will go down again specially in the bear market.

But right now, the surge could have been due to Jerome Powell who spoke from Washington regarding Fed's next plan, a self-imposed blackout period starting December 3.

You can reach his speech here.

https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm
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December 01, 2022, 12:08:44 PM
 #12

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.
Even if OP's words turned out to be true and every December would be good for the crypto-currency industry, this would not mean that this month would be successful and all subsequent ones would be the same. I've always been amused by these coffee-ground predictions, trying to find connections where there aren't any. At the moment, the entire crypto industry is experiencing very tense moments in connection with the history in the FTX. It is naive to believe that after a short period of time, after these events, the industry will recover and show growth. This December will definitely not fall into the Good Month.

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December 01, 2022, 12:53:47 PM
 #13

We know that we cannot speculate Bitcoin price
Go to this board[1] to find new thoughts, people are speculating bitcoin price every day without limits.

Quote
But I can say that as history repeats we can get chance and also a better judgement and it can be very risky.
The end of 2020 was the start of the rally, the end of 2021 was the start of the crash. I wasn't holding out much hope for year-end or first-quarter history, just excited when it was bear season I had the fiat to collect sat by sat.


1. https://bitcointalk.org/index.php?board=57.0


@fennic, Alt accounts on the forum are not prohibited, but from the style of writing, it seems to me that the OP is your alt account, and in addition, sharing merits between alt accounts is not something that is looked upon in good faith. If anyone wonders why I concluded that it is about alt accounts - the style of writing random words with a capital letter is more than evident + a fast reply in 3 minutes.

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December 01, 2022, 12:55:15 PM
 #14

I expected you to present some charts or arguments to confirm your hypothesis, which is that December and in the first quarter of the new year represent the beginning of a freshness of the price.

I can repeat what I previously published regarding my analysis of this month:

  • Federal meeting.
  • OPEC+ meeting.
  • China COVID-19 locks.
  • More bankruptcies related to FTX.
  • Holiday season, many people will go home.

So no, this December will not be a Good Month


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December 01, 2022, 01:42:23 PM
 #15

On December of 2018, it's the lowest for its bear market. But that won't signify as every December would be that bad and the same as what you're telling that it's going to be good.

In the end, nobody knows what will happen for this December until we finish seeing it or for the next December of 2023.

But we're in all agreement that by the time halving's done, then the times for bitcoin going up is surely going to come.

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December 01, 2022, 01:48:06 PM
 #16

Everyone will say what they feel will happen but at the end of the day, nobody can actually tell how the market will behave this December, just like nobody expected ftx to suddenly go down the hole.
The most important thing though is to take advantage of the bear market and buy what you can afford, the market will do it's thing at the right time.

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December 01, 2022, 01:52:50 PM
 #17

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.

 
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December 01, 2022, 02:05:34 PM
 #18

Not until the market price fall in red marks again. I also thought that things has chances for this year, even atleast for a slight recovery. But just as early as today, market was filled with red marks once again. Quite unfortunate but definitely not something to be scared of. This might not be our year and we may accept that. For now, being patient would save us from bigger regrets if we would sell our holdings just because of current market situation. But there are still more than 3 weeks we can hope for before this year end. I do wish that the market price will remain at $17k range if not higher, to somewhat have a good start for 2023.

Everyone will say what they feel will happen but at the end of the day, nobody can actually tell how the market will behave this December, just like nobody expected ftx to suddenly go down the hole.
The most important thing though is to take advantage of the bear market and buy what you can afford, the market will do it's thing at the right time.
Market is just unpredictable. From being down for weeks then a sudden pump, then being back again in red marks. All of those changes happened in an instant. Volatility is both the beauty and down part of this industry.

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stompix
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December 01, 2022, 02:06:32 PM
 #19

Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that we’re much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.

Hihi, I remember all these posts:
- October has been bad for Bitcoin only in two years, always positive in double digits, we're going to have a huge bull run
- November has been positive for Bitcoin 6 to 3, expect a bull run, the last ATH was in November
 - And now it's December time, we had an ATH at that time in December 5 years ago, certainly bullish
The way some cherry-pick both data and memories is quite entertaining.

We know that we cannot speculate Bitcoin price

No, we don't know, what's stopping us? Actually, what's stopping you?

@fennic, Alt accounts on the forum are not prohibited, but from the style of writing, it seems to me that the OP is your alt account, and in addition, sharing merits between alt accounts is not something that is looked upon in good faith. If anyone wonders why I concluded that it is about alt accounts - the style of writing random words with a capital letter is more than evident + a fast reply in 3 minutes.

Common, just congratulate them for being that fast:
Post          Today at 09:36:15 AM
Merited at Today at 09:37:15 AM
Finding a topic, reading it and sending merit in exactly 60 seconds? Newbie of the year!!!


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kamvreto
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December 01, 2022, 02:16:35 PM
 #20

~snip~ For now, being patient would save us from bigger regrets if we would sell our holdings just because of current market situation. But there are still more than 3 weeks we can hope for before this year end. I do wish that the market price will remain at $17k range if not higher, to somewhat have a good start for 2023.


Hope the same as what I want. I've even been buying since the price was in the $20k area and until now I keep adding to my Bitcoins. Having spare cash is very useful at this time. If it keeps dropping I'll still buy it.
Now just need to be patient to wait for bigger things, waiting for the bull market. Even though it's not December this won't be a problem but I'm sure the bull market will come.

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