[FACT] End of month dumping..

[Spoetnik]

like the title says.. happens every month and i noticed this long ago last year.. totally predictable !

but surprisingly, most of you out there have not noticed.. use it to your advantage

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[Spoetnik]

well i mean Bitcoin + Altcoins for starters..

and yeah Rent..i had dumped countless times myself to pay rent or other bills in the past.
i also have been told by well known bigger day traders they use their monthly bill money for speculating..
so they have to cash out at the end of the month.

there is also other factors for dumping too that is interlinked with Bitcoin and altcoins.
take for example a BTC mining farm that is worth many millions of dollars revenue wise located in Washington State USA..
they have loan payments to make and electricity bills to pay and so do some smaller miners..
imagine you went and bought 20 gpu's..
you have to pay the electricity bill for them and not all of us have a giant bank account with extra "play money"
so that bill money has to come from somewhere.

then factor in guys who KNOW this already dumping ahead of schedule.. i have, lots because i needed to pay my bills
and i wanted to get a jump on the monthly dumpers to get more for my coins.

then factor in the crowd momentum.. one the pedulum starts swinging the other way it's happening and it's not going to be stopped.

i don't think there is one simple reason for it but many rock solid reason for the timing of it..

use it to your advantage !

edit:
mid month is usually the peak price i think.
reaching the low around the end of the month.

[ProGamer]

Have you ever seen coins go upward instead of downward during this end of the month dump?

[Lucky Cris]

Interesting.... Subscribed.

[UploadDOT]

Crypto ---> Month ---> Moon 


 

https://i.imgur.com/9iQcFna.jpg

[V500]

please delete the thread. Thanks for posting ... :p

[KenChanYu]

I think the community has matured and not throwing there btc into alts with not needed "innovation" and no future besides being traded. I know whales/PnDs are actually starting to lose money as the community starts wising up to the game. Soon coins with real value will start to shine as people get over there need to make a quick buck and end up losing.

[Spoetnik]

Have you ever seen coins go upward instead of downward during this end of the month dump?

i would say yeah it happens.. not unusual
the most popular one or some random obscure ones
but what if the market was not down overall ?
then i think the ones *still going up would have gone up far higher had the market not been in a down turn..
see what i mean ?

i am no pro market analyst guy just trying share my observations and a rough idea why i think it's happening

[Spoetnik]

Crypto ---> Month ---> Moon  


 

i can't deny this proof !
i knew there was a conspiracy in there somewhere and ya of course it's the moon figures  

been watching a LOT of shows on TV about the moon lately and this may be tied to the various "created" objects on it ?
like the satellite and the big gun or nuclear reactor or the bridge's or various piping etc.
Aliens put moon bases & stuff on it !
And now they want to control our Altcoins too !

[poornamelessme]

Declining prices at the end of the month... interesting and probably true. I remember people saying others were selling off to pay VPS costs, as bills are due at the end of the month. I find it odd that people would sell off to pay rent, meaning their housing status was based on the whim of the crypto markets (way too risky), but I guess some folks do that too. I expect those that do may find themselves living in a cardboard box at some point though.

I'm sure someone out there has done it, but a database analyzing overall prices and time of year could be interesting to look at. Past performance doesn't necessarily equate to future performance, but it is a trend that does seem to have a logical basis behind it.

Not that it necessarily does me any good, unless a specific alt I want is being dumped at the end of the month, but it's something to look for.

[aso118]

The price does seem to drop right around the 1st of each month.  With more and more 'big businesses' accepting bitcoin (ie Dell), I'm sure many of them are contributing to this - by converting all loose assets at the end of the fiscal month.  I actually didn't put this together until I seen your post.  

[furlong]

Tipical end of the month dump

[damiano]

Cashing out so you could pay your bills ?  Really?

That's just irresponsible.  If your investment tanks your asked out.

[3x2]

so if someone wants to buy he should buy at end of the month 

[InwardContour]

like the title says.. happens every month and i noticed this long ago last year.. totally predictable !

but surprisingly, most of you out there have not noticed.. use it to your advantage

I don't think that most of the people who invested in bitcoins is cashing out every month,
with the increasing value per year of btc this would be a really bad move.

[Oldminer]

like the title says.. happens every month and i noticed this long ago last year.. totally predictable !

This has always been the case. Welcome to 3 years ago....  

[Stinky_Pete]

Where are the figures to support this idea?

[Spoetnik]

Cashing out so you could pay your bills ?  Really?

That's just irresponsible.  If your investment tanks your asked out.

i have heard that lots before and it's just as stupid now lol

use your brain.. the largest mining OP's on planet earth could not even get started with out loans and electricity costs.
i mentioned one in Washington state as an example of scrypt or sha256 asic mining farms and the Washinton guy said in a coindesk story
that he started with $300 and a couple GPU's and he lived in his Volkswagon bug car for a while i think he said..
Now his operation is worth MILLIONS !
Fact: the guy couldn't do it he said unless he got investors and those investors need their payments..
where the fuck do you think those payments he makes comes from ?

a lot of you with money to burn are some of the dumbest i swear lol

and i have paid bills by cashing it.. because I COULD !
NOT because i HAD too !
I also have cashed out pretty much everything i ever had between 10 and 15k profit in the last 10 months or so..
I never invested (spent my rent money) one single times and as a matter of fact i never ever invested 1 single cent.
I also don't pay electricity bill either..

It's safe to say almost no one is taking their rent money and gambling with bitcoin.. lol
you would prob end up broke so fast you wouldn't know what hell hit you !

i think a lot of you just have no clue in the slightest what is going on..

where the hell do you think the rented VPS CPU botnet farms get the money to pay for them ?
you guys think everyone just hold every coin they ever get and pays out of pocket the monthly bill ?

i could think of endless reasons why people pay bills with cashing out and i forever have heard snotty that's dumb comments
and i know who is dumb lol
and it sure s fuck ain't the guy running a multi-million dollar asic farm i mentioned
or me who made raw profit and cashed out and spent it on whatever the fuck i wanted (bills or not) LOL

[Spoetnik]

another point.. prob the last one i think is i noticed some coins don't tank..

it seems like some of the ones that have almost no volume just idle
because they had no volume before hand it means no one starts dumping i think ?

and these ones are rare but they can also spike up during the down time because of a sudden surge in volume. (from none to some)

an example i noticed that matches what i just said was last month when all coins were tanking..
RDD all of a sudden started to pick up in volume more and more and it seemed to attract more people too.. causing a jump in momentum on it !
because it was one of the few going up.. it looked attractive when most were tanking to jump on the one that was not but going up instead.

but before the markets were dropping there was almost no volume on RDD (based on my Cryptsy observations last month or two)
it surprised me sort of that RDD actually went up a lot while all the others pretty much tanked hard.
But not really because i had seen that happen lots before going back last year..

[GroundRod]

....but before the markets were dropping there was almost no volume on RDD (based on my Cryptsy observations last month or two)
it surprised me sort of that RDD actually went up a lot while all the others pretty much tanked hard.
But not really because i had seen that happen lots before going back last year..

Ya noticed RDD going up here too...haven't followed the coin until I noticed Cryptsy made it available in usd, was wondering why the hell they are putting that 20 satoshi coin on the banker money trades.  So turned it on for viewing in my dashboard for btc&ltc trading too & started watching it, still haven't installed the wallet or bought any, but find what its doing right now very interesting, trading @37 right now.

Thanks for pointing out the monthly cycle, I had not noticed that fact before, really only started following alts since last Dec, pretty convinced its true though.  As to proof to those wondering if this is 'real', was thinking about how to verify that yesterday, thought it would be an interesting problem to solve...one would have to feed allot of the time/price data for allot of the different coins into an FFT transform, look at the output in the frequency domain, if its real, there should be a peak around the 30-31 day mark.  Anybody setup to do that?