As we all know currently crypto bleeds badly. Everyone just scrolling blogs and find just like “Bitcoin falls due to big whales”, “Quarter 3 always a dumping period” or “It’s a sign of Institutional funds entering into the market” or what else.
Old investors very well know that Crypto industry faces the same situation every year. so, They keep calm and they know this market always come with ATH and everyone eagerly waiting for December when Crypto reach ATH. It creates a tradition for the crypto industry to reach ATH in December but I think we cannot reach on a conclusion that crypto industry always reaches ATH in December.
The reasons behind this are:-
1). Crypto is not all about trends, Sometimes It plays with human psychology and of course news and FUD.
Here, In 2014 quarter 4 (Nov-Jan) period was a bearish period.
Screen Shot 2018-06-25 at 7.33.42 PM
But In 2017 quarter 4 (Nov-Jan) was a bullish market
Screen Shot 2018-06-25 at 7.36.36 PM
2). 2018 is a very conscious year for the crypto industry. There are lot of rules and regulations and policies will come under scene this year. In India, Investors are waiting for the supreme court decides whether the crypto industry will legalize in India or not.
The G7 community also plays an important role to frame the crypto industry.
USA, China, South Korean which is known as biggest players in the crypto industry are work on rules and regulations on Crypto. If they provide a positive environment to crypto investors then It will be a good sign for the crypto industry to rise.
Now, the point is If we get a positive response from these countries then The day is not so far when history repeats and we see the same Bullish market just like December 2017.
Now, here is a big BUT, If these FUD will become true and then again the day is not so far when again the history repeats but this time we see the same bearish market just like December 2014.
Finally, I just wanna to say whatever December will looks like but I always support Cryptocurrency because It's a future and It will surely revolutioner change in the financial world.
Now Investors not only found on wall street but all over the world.
Thanks!!
Keep learning, keep earning !!