BTC Sentiment Survey for December

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mr_f0xFull Member
Posts: 40 · Reputation: 353
#1Jul 28, 2020, 10:44 PM
So yeah... November was rough. Lmao. Honestly, I'm not sure what's happening right now tbh. I think the best way to capture how everyone feels is to ask the same question as last month. With all the recent craziness, some of you might have changed your minds. We'll see what happens. Check out the monthly chart. I've also noticed that some of the old-timers around here seem to be keeping quiet. Lol. Afraid of looking like they don’t know what’s up? C'mon, guys... It’s cool. We’re all a bit lost sometimes. And these polls are just for fun. Jump in!
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benledgerSenior Member
Posts: 359 · Reputation: 1254
#2Jul 29, 2020, 12:02 AM
When it comes to the Speculation board we are all clueless idiots . . . because its just speculation! December - I think we have stepped forth into the Bitcoin 4 year cycle Bear market last month, there seems to me to be a bit of uncertainty in the market ATM. Its important to note that the Bear market doesnt happen just overnight, its a slow gradual decline. The market for December has kicked off with ~$86k so while I think the month could be a Green one it will be marginal, and I will go out there and say we might not even cross $100k again until pre halving 2028.
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GigaShardMember
Posts: 48 · Reputation: 190
#3Jul 29, 2020, 01:23 PM
The price of Bitcoin is going up and down widely between 86k dollars and 100k dollars. However, the possibility of Bitcoin price exceeding the target of 100k dollars at any time is very high, because December is Christmas Day, on this occasion, there is a high possibility of Bitcoin price increasing. However, I see many positive reasons for the increase in Bitcoin price in this December, but I think Bitcoin price will definitely increase on Christmas Day.
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cobr4404Full Member
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#4Jul 31, 2020, 02:59 AM
I've called myself an idiot 11 out of 10 times already because of those failed predictions that I've said in the past. Kidding aside, the opening of December isn't that good for us as we've just seen the market plummeting yet again and hovering around the $85,000-$86,000 price range. My prediction for this month is that, we will be touching the 50 week EMA for this month, and currently it's at $102,000, and that will be the dynamic strong resistance that I'm seeing then after touching that line, it will go down yet again and will start the true BEAR MARKET. I don't expect new ATH as of this moment despite of the good news that might be coming. TBH, I don't know, but there's this feeling where we might be seeing Q1 of 2026 to be the bullish quarter, and instead of Q4 of this bull run year that is the most bullish, it will be the first quarter of next year. I don't know, but if that happens then good for those who are still holding until that moment.
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1t5_omegaHero Member
Posts: 614 · Reputation: 3883
#5Jul 31, 2020, 06:15 AM
Yes, but it's entertaining, and almost natural, I would say. The trick to that is not to make very specific predictions, but this year I was bullish every month, which is 50% between bullish and bearish, and I've been wrong more times than a carnival shooting gallery. I've voted for the bearish option btw.
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wildvaultFull Member
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#6Jul 31, 2020, 10:34 AM
Why is Bitcoin said to increase in price as Christmas approaches? What does Bitcoin have to do with Christmas? Your reason sounds funny and not convincing at all. If you look back at December history from previous years, you will see the opposite often happens, bitcoin tends to drop around Christmas and New Year instead of rising like you would imagine. Because people tend to spend more on big holidays like Christmas and New Year after a year of hard work. We are in a bear market already, don't deny it, it's not doing us any favors. Instead, face it and adapt.
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im_apeHero Member
Posts: 629 · Reputation: 3824
#7Jul 31, 2020, 02:22 PM
I don't have high hopes only because of how destabilized the world and the global economy has become all thanks to all the wars the US regime has been starting over the past year, the last one being the attempted invasion of the oil-richest country in the world called Venezuela. We even have the occupied Japan talking about wanting to build nukes to fight the US proxy war with China. I mean the world is getting crazier every hour LOL... this is a not a situation when we can see bitcoin soaring, sadly.
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jakewolfFull Member
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#8Jul 31, 2020, 03:37 PM
There's no yes or no choice in the poll because the market is increasingly unpredictable. This October, November, and perhaps December will be similar to October, November, and December 2018 for Bitcoin monthly return data. The last three months of 2018 were red. Meanwhile, October and November 2025 are also red. We're not lamenting if this is considered a liquidation situation because we're not Bitcoin traders. Situations like this require us to utilize our reserve funds to enter the market to buy again.
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ryanwizardSenior Member
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#9Jul 31, 2020, 08:11 PM
Seeing the market from $91,000 fall down to $98,000 and before we know it, everything has fallen further more to below $85,000 and this shows that there is a rapid response from the market which led to having this fall for this new month, but base on further speculations, i don't think am much convinced that we could have further market fall that may render it below $80,000 for now, though the month is still fresh as we are just starting it, there is much to expect in seeing the market rising once the support for this is visible.
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block_2018Senior Member
Posts: 155 · Reputation: 949
#10Aug 1, 2020, 12:48 AM
Speculation means being free to say anything. The 4-year cycle does seem to be over and we should be past it soon, regarding the start of the bear market it will not be all at once and I believe the temporary rise and then decline again may be almost the same as the previous cycle. December 1 drop from $91K to $86K signaled the start of the bear market, hmm maybe $100K will be a bit difficult for now.
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Humbl3M4xiFull Member
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#11Aug 1, 2020, 02:18 AM
If you don't forget that Christmas averaged a price drop in December, considering that maybe this sentiment is not the main one in terms of price movements, at the moment what affects prices is macroeconomic and geo-political sentiment, a potential interest rate cut could be a reference for investors to enter, liquidity will increase in the market, it has always been like that when dealing with institutional investors. The sentiment that I pay attention to is the Us QE plan, whether it will happen or not, this can also be a liquidity booster in the market towards increasing the price of bitcoin and the overall market. Price-wise today Bitcoin is off the $90k level again and hopes are again dashed as bitcoin did not continue its rise in late November, there is a possibility that it could break price support at $80k if the pressure continues.
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maxbridgeFull Member
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#12Aug 3, 2020, 03:29 AM
A friend of mine says he prefers to address those who speculates Bitcoin price that is not guaranteed if they are right or wrong about the future price to be dramatic patients who are being psychologically tormented with a high intensity of cluelessness. Maybe "idiot" is beyond what should be acceptable. Lol. Same friend said human are like... They are only excited of what you do for them now and when you don't do for them anymore, they would forget the past until you have to do for them again. Is that true? I can remember the lowest price at $80K in the recent past month (November) that Speculations goes around that we are riding on the bear due to massive declines of market pump but before the November wrapped up yesterday, the market begin to recover that we got a benchmark around $92K, it was so exciting like we are back to ride on the moon and was hopeful that we are set for a full bull market which was to be promising of recovery but due to the uncertainty of volatilities, the market feel below instead of rising as expected. So sudden we have lost the anticipation based on the current market being and are now hopeful to go bear again. Funny, that is just human and such is the idiotic act of us playing around with an unpredictable market dribbling our mental faculty
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GigaLaserFull Member
Posts: 59 · Reputation: 458
#13Aug 3, 2020, 03:47 AM
I should have answered Maybe, but it's not an option in the OP, but I answered yes instead because, if I remember correctly, December may not be the strongest month for Bitcoin if November started badly. Though there are still those who are optimistic and remain bullish about their speculations. However, how Bitcoin has been trading lately contradicts those speculations. So, I think, the major sentiment right now is kind of bearish. We might not be able to see Bitcoin back at 6 digits for quite a while now. Just like some of us here said, with the sudden drop, it could be a mark of a bearish market. We'll see in the next few days if it continues to free-fall below $80k, but I believe there will be people who will take this opportunity as their next entry point.
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john2009Full Member
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#14Aug 3, 2020, 05:30 AM
December has already started with a DIP as we can see how bloody the market looks, a bearish trend is expected because for the market to fall today being the 1st of December could definitely mean that the market do not have a strong support that could have helped the price to hover around the $90k+ resistance it has created for some time now so we should expect more pull back which can even go lower than $80k. However, it's all speculations we do every month as the market might start badly in the beginning of the month and finish in a bullish mode at the end of the month so it wouldn't be a surprise if we also see a price recovery in the coming days.
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HyperGweiSenior Member
Posts: 248 · Reputation: 1006
#15Aug 3, 2020, 09:51 AM
It is really hard to tell what market we are in right now, bull or bear. Some people believe we are not yet in a bear market, others think we are. I don't even know on what side of the table i sit. The price fell below $90k and it is now around $84k. people seem to have the sentiment that the price drops during the festive season because people have to sell some of their coins to purchase some of the things they need for the holidays. That said, there is a lot going on around the world. And TBH, it is not looking good for bitcoin and volatile assets. But assets like precious metals (gold & silver) that thrive in periods like this, are doing exactly that, thriving.
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degen23Full Member
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#16Aug 5, 2020, 02:22 AM
I still believe that this month is the beginning of a bear market because investors are still not confident enough to carry out accumulation on a larger scale and market sentiment is still not completely positive, which cannot make market conditions bullish, and on the contrary this will create continued selling pressure and we will probably see the price of bitcoin dropping continuously to $70k with occasionally it might go to $80k. but because this is only a prediction, it is not completely accurate and could be far off from what is happening in the market, so this is just my opinion.
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RogueMoonFull Member
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#17Aug 5, 2020, 05:08 AM
There is no doubt in my mind that the bear has started. This was really a very shitty bull run if you ask me, because in previous ones alts got a lot more attention, and bitcoin went up a bit more. I can understand bitcoin, because we grow bigger so that means it is going to slow down to go down but at the same time we are talking about something that is getting very different and hard to go up even more. But alts? They are still small and we could have seen many trends and ups and increases in altcoin world and yet we failed to do it and that is why it is not going to end up with that much work at all. If we could do something that could get a lot better with time, that would be great for all of us. It is not that easy to handle this right away but we have to accept it wasn't a good one.
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im_orbitMember
Posts: 28 · Reputation: 239
#18Aug 5, 2020, 07:19 AM
I don't expect much changes in December due to how strong the moment is to the downside, although Bitcoin is in a strong support level that ought to hold price but the momentum is just too much. This is why I'm not expecting any serious upward move this December and even if we have something like that, it will not be sustained for long because the market sentiment is generally to the downside. Maybe the destination of price is towards $70k before we see a nice recovery of price.
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ryan_orbitFull Member
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#19Aug 6, 2020, 09:21 AM
Why not give another prediction of what we think of the market, it’s actually fun and it gets exciting seeing how well or bad our predictions goes in the turns of many activities around the market. The market is looking very poor and it brings a sense of the market going to a bearish cycle. The market is still very uncertain though, but I feel it is already moving into the bear cycle and we should get prepared for it. After every bull cycle comes the bearish cycle, we were so excited with the market that we forgot that the bear market is close. So I don’t still see any significant signs to show that the market will go bullish again.
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bull_gangFull Member
Posts: 92 · Reputation: 447
#20Aug 6, 2020, 02:23 PM
A bearish trend starts when btc rises slightly, then goes sideways after which it experiences a sudden sharp decline and continues to repeat the same chart pattern. This is what we noticed but believe the decline during the bearish phase will certainly be gradual and slow so that not many people will be surprised, about altcoins that are so bad I don't pay attention anymore now because it will definitely fall in when bitcoin goes down.
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