Post
Topic
Board Trading Discussion
Re: Bitcoin price and January
by
Kemarit
on 08/01/2019, 10:16:40 UTC
Hi folks,

It will probably not be a very popular thread but I'll go for it.

We noticed several times now that Bitcoin has a strange tendancy to go down in January, pretty much every year. It was definitely the case in 2018 (happy new year by the way).

Context is very different in 2019, but we had similar cases, for example a crash in January 2015 > https://www.cnbc.com/2015/01/14/bitcoin-falls-below-200-making-some-investors-worry-about-downward-spiral.html

We can also say the same that every Christmas or December, Bitcoin will rally and push for a good price at the end of the year, but it didn't happened in 2018 right?

I know many don't want to hear that but just curious, it could very well happen again. Some say this is due to Chinese new year (people cashing out to buy again in March or April). I am not sure but I am curious if it happens again this year, we could go back to a price near $3000 per coin.

Just some thoughts, perhaps some of you are anticipating such trend again.

Any constructive opinion welcome.

Again, we can say that it well be the same case this January, it might or might not happen as well. The thing is that investors are really getting smarter as time passes by, If the price goes near $3000 then let it be. Let's just look at the price side and take the opportunity to buy when "there's blood in the street".