Bitcoin Wednesday #150

Bitcoin Wednesday #150 arrives December 3rd at the Stadschouwburg's Brasserie on the Leidseplein. See photo.

October's euphoria met December's reality. BTC down 30%, altcoins down 70%, leverage wiped out, and everyone asking: was that the top or just an oversold shakeout. After all, large players are still accumulating, and many are calling it a "liquidity sweep before the moon mission".

Some talking points for this month:

December historically delivers 8.42% average returns but only 1.69% median—three of the last four Decembers were negative

The Fed ends quantitative tightening while Bitcoin gets tighter—will a liquidity shift save or sink crypto?

Also, wondering what to think about the BIP-444 controversial soft fork debate?

Supporters want to restrict on-chain data and included controversial language stating that rejecting the fork "may subject you to legal or moral consequences." Critics call this censorship that undermines Bitcoin's permissionless ethos.

A third view: The debate itself demonstrates healthy governance. Bitcoin's open-source nature explicitly allows forks. Wallets and exchanges can support both chains, letting users vote by buying or selling on either side of the fork.