As the summer holiday season affects the exchange rate of Bitcoin

Date:

2018-06-05 13:30:10

Views:

49

Rating:

1Like 0Dislike

Share:

As the summer holiday season affects the exchange rate of Bitcoin

Among the stock investors, goes the adage «Sell in May and go away». She eloquently Yes§t the Council to sell assets in may. The main reason is that the value of the shares on the stock markets usually increases in January and drops in summer season. Now look at how Bitcoin behaves depending on the season, and if there «seasons» in the world of cryptocurrency.

the

Seasonality in the stock markets

Typically, the share price increase starts in January. First, you need to start the year with good. Secondly, many people sell stocks at the year-end for tax purposes, then buy them in January.

The upward Movement continues until may, but June, July and August is the time of reducing the price of shares. No new money, as investors spend more time on leisure and less time to work. Fall rates begin to rise again.

the

Seasonality in the market Bitcoin

Is it Possible to trace the same trends, if we talk about bitcoin? In short, no, and there are several reasons.

First, sales related taxes, on the market of Bitcoin is not widespread. In addition, the players on Kitovani markets is much younger and less experienced in comparison with players in the stock markets, so while not everyone has developed some specific strategies. Companies that are engaged in the investment, not so much.

Finally, Bitcoin is relatively new, so sufficient data for obtaining an unambiguous conclusion about the presence or absence of seasonality just yet. However, watching the data available.

the
2014: by April, the cost decreased by 60%;
the 2015: the cost decreased by 70% during the first two weeks of January;
the 2016: within the first three weeks of January the price had fallen by 20%;
of 2017: for the first two weeks of January the price dropped 25%;
the 2018: by February, the cost by 70%.

The Cost of Bitcoin at the beginning of the year does not behave as the value of the shares on the stock markets. It crashes in the beginning of the year. With this data a bit, so to describe the behavior of a trend is impossible. Perhaps with the development of cryptocurrency to the issue of seasonality can still be to return.

Recommended

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Over the past year in the patent and trademark office (USPTO) has registered two trademarks Bitcoin Cash. One of them is allegedly the perpetrator of Honolulu, who was involved in fraudulent schemes in 2001. About it writes . the Bitcoin Cash belongs...

CEO of Coinbase kicks from the low price of Bitcoin

CEO of Coinbase kicks from the low price of Bitcoin

Recently, the General Director of the exchange Coinbase Brian Armstrong tweeted, referring primarily to his subordinates. In them, the entrepreneur showed a relationship to the current value of Bitcoin, which he believes is right. It is reported . 1...

John McAfee stops advertising the ICO because of threats to SEC

John McAfee stops advertising the ICO because of threats to SEC

Developer John McAfee said that he will no longer cooperate with any ICO projects. This billionaire said in Twitter that mention "warnings from the SEC," according to . the John McAfee stops shillito ICO the Creator of McAfee has been repeatedly accu...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Ripple is investing $ 50 million for research at universities blockchain

Ripple is investing $ 50 million for research at universities blockchain

For bloccano future. So it came as quickly as possible, the experts study the technology and possible scenarios of its application. Before to increase the pace of work Ripple has spent $ 50 million for its financing at various uni...

Brian Kelly: the exchange rate of XRP will rise due to the banks

Brian Kelly: the exchange rate of XRP will rise due to the banks

In late may, investor and co-founder of hedge Fund BKCM Brian Kelly to investors as soon as possible to buy Bitcoin Cash. According to him, investing the profit in the coin people will ensure its sustainable development in the fut...

Now for sure: the St. Petersburg city court overturned the blocking of the site on cryptocurrency

Now for sure: the St. Petersburg city court overturned the blocking of the site on cryptocurrency

In late April, the Supreme court blocking the site on cryptocurrency themes. After the decision the judges sent the case for appellate review in the St. Petersburg city court. Now and his staff agreed with the parent body. the Loc...