Quote from: Febo on October 29, 2018, 11:04:11 PM

Quote from: Addywealth on October 27, 2018, 07:44:15 AM

We are gradually heading to the festive period of the year, we are expected to use some of our bitcoin investments to take care of some personal and family needs. With the current status of the market do you see bitcoin rising up at the end of the year? Kindly give your reasons

I believe when people will gather together at family diners (where they last year mostly discuss Bitcoin), they will avoid talk about BTC. If they will will mainly talk about how much loss they made and explain everyone that buying Bitcoin was worst decision in their life. Negative sentiment around Bitcoin will just increase to next level to the next year.

I can imagine what that would be like, when most people who came in last year, joining the FOMO start sharing their experiences or how they have felt over the years. It is one of those things anyway. I would not be expecting too much for bitcoin before the end of the year, and even if we manage to have some pretty good movement upward, I am pretty sure, we may just likely see something not too much and before we can start seeing anything serious, I will rather be looking at next year instead. For now, let's just see how the whole Yuletide will go, but all in all, it is still going to be an enjoyable experience in the long run.

Quote from: buwaytress on October 30, 2018, 07:01:14 AM

Seasonal patterns been brought up before. They certainly seemed to fall in line with Christmas spending or even end of year celebrations but I always felt that people who spend on this season anyway get bonuses so doesn't make much sense that they'd liquidate Bitcoin, certainly not so close to the day itself, given the shopping needs to happen way earlier.

If anything, had I ever earned bonuses, I'd be buying more Bitcoin, instead of selling. More Bitcoiners outside Western Europe and North America too, who perhaps don't spend as much this particular season?

Most people who are so keen about the future that bitcoin holds will never consider selling at any point at all, unless for when it is oversold, and you are taking advantage of the trend anyway like we had last year, with the inevitable correction that was most definitely expected. For this year, bitcoin has been in its lows, and I believe even if we see some upward movement, it may not really be that much as some people may be expecting actually. However, it is though, time will most definitely give us the answer to our expectations before the end of the year, but I would not put so many minds to it.