Every monthy we will share with you how the market has been behaving using our simulation software.
Like every month, we use our own simulation software to show you how the general market has performed and what would've happened if you purchased several different altcoins one month ago. This time I bought 119 coins on Binance on the first of December, and sold them on the first of January. Compared to the huge crash in November, December was a very boring month. Unfortunately we need to add another negative month to 2018. Bitcoin lost 7.7% and 70% of all altcoins ended up in the decline. On average the altcoins dropped by 2.81%.
Figure 1. Showing the coins with the biggest gains and losses for December
Figure 2. December is a rather neutral month, giving no certainty of where we'll be heading in 2019
December was a boring month for crypto, the volatility kept going down to levels as low as seen in October (based on ATR). After the big drop in mid November from 6,500 to 3,500 in two weeks, the market has been very stable since. BTC entered December around 3.800 and closed around 3,800 as well
This was the first of a monthly edition. We would be really happy to hear your opinion! If you want to share your thoughts, or are interested in the complete dataset, just drop us a line on our twitter account
Written by David
IT Developer for 100eyes by night, Sr Data Scientist by day