Bitcoin Forum

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future.

To be honest, i didn't withdraw my bitcoin during Xmas days but others have been spending their bitcoins which might be cause of the drop in price.
May be there were more causes like some people moved to bitcoin cash but i am sure bitcoin isn't stoppable.
People are returning to bitcoin, since it was already over $19k,we can expect huge surge by the starting of january and then more increase gradually

were on the same boat because i didnt withdraw my coins too , rather id withdraw it earlier today because i see that the price of bitcoin is now stable and starting to recover again.  i also need some cash today to be able to buy some supplies and groceries for our mini mart.

xmas and holiday seasons are indeed the real main reason on why bitcoin has dropped dramatically. some other factors that i think of is the correction that also happend recently however bitcoin is not yet safe because we are still close to new year (december 31 ) and people will then again expected to sell off their coins to be able to prepare for this last event.

I don't think so, because not much people withdraw their bitcoin for holiday season. I see mostly they keep and hold bitcoin, because their hope end of the year bitcoin will increase or at least in january 2018. Some of people they get bonus from their job and use in holiday season. So they can save their bitcoin.

Maybe, people need cash, i need cash also. If i doesn't have any cash with me the tendency will be, i will surely cash out my btc so that i have my budget with me during the holiday season.

That maybe one of the reasons why bitcoin price dropped because of holiday spending but the drop is one of the worst that happened to a leading cryptocurrency this year. There are some other causes that might also contributed to the massive drop of bitcoin like the fears of bitcoin bubble, the infighting between the supporters of bitcoin and bitcoin cash, hacking and regulation, possible market manipulation and high mining fees.

Of course yes. the price as of today is not that high like last last week because they are now selling there  bitcoins just to have some things to buy in christmas season and new year as well. though the price is now low for sure it'll increase soon.

No, I'm not with the most users who cashed out their bitcoin for the celebration of Christmas and Holiday Season. But I believe it is one of the great factor that causes the drop in bitcoin's price. I just say that the number of people who holds bitcoin increased throught the year, and most of want to enjoy Christmas with some money to spend, so that is why huge amount of bitcoin is converted.

I believe that the whales are the reason why the price of bitcoin dipped down. Including those small investors in order to have food and gifts during Christmas. We also expect that in upcoming New Year celebration, the bitcoin price will move down also. That is just my guess.

I think yes, this holiday season is more likely the reason of Bitcoin and other cryptocurrency price crash this past few days, for the reason that people involved in Bitcoin and altcoins are talking/asking about it and they are expecting that most of investors (especially big investors) will cash out their Bitcoins before christmas to buy gift for their love ones and it caused panic to other people that results in panic selling. Anyway cryptocurrency market is recovering now and Bitcoin is recovering from $11k to $16k right now. I also sold some of my Bitcoins but still holds huge part of it because I'm sure that it will recover again and will hit a new record.

I remember that bitcoin and four altcoins are simultaneously dropped down during holiday season and I think that the season affects the price of cryptocurrency specially the bitcoin. Maybe for preparation or for buying an exchange gifts, that's why some investors sold their coin. We don't know how it affect to much but as we can see the price is recovering as of now.

That's true. It may have some effect however only a number of people must have done so, and therefore created only a small impact. There are other factors which have contributed to the price drop. Also, it was beneficial and healthy. The price was bound to go down anyways since it's been high for quite some time already; there was no surprise that it went down and it's possible that the holiday season was purely coincidental. In fact, I remember a number of people who predicted for the price to increase come Christmas season and once the year will end. Turns out that they were wrong.

Holidays certainly will influence the market of cryptocurrencies. there will be a correction. but bitcoin wont be $5000 any more, it is almost impossible. after January 15 the market will go to growth

Not saying that it is the reason totally but may be one of the factors that caused the big drop. It is a fact that people do spend more during occasion especially Christmas ang new year holidays because it is being celebrated worldwide unlike birthdays, and other anual celebrations.
Also guessing that it will take time for the prices to recover because everyday it gets harder to gain bitcoins. Not unless people are all rich and could buy and sell their coins whenever they wanted too.
I am a solid hodler and I always prioritizes things before spending my coins.

Yes, this could be the reason why the price is droping so high. Bitcoiner buy a gift for their family and money is from the cash out from their bitcoin



Actually i have not enough money recently to spalsh expensive for my family. Just small thing is enough. Its better than nothing.

Bitcoin has given far more returns to its investors. December is an end of year, followed by xmas and new year. It’s a holiday season all over the world. Lot of money invested in various markets all over the world get en cashed on the occasion of xmas and new year celebrations. This affects markets and economies all over the world. One month ago bitcoin was near $9600, till mid December it has reached $19600 mark, as new year and xmas coming near bitcoin price starts declining and now it has settled near $15600. This is nothing but purely profit booing by the investors.

Corrections can happen any day of the year. I don't see a direct correlation between Bitcoin and Holidays.

I think whales are the reason too.
I don't have any tehory and any reason, but my thoughs about what happened is a market movement.

Altcoins had the best value on ≈ May, June, July (spring) and Litecoin is the first coin to recover the same level of those dates (≈ 0.19btc on July) only in 11 days.
Other altcoins had an increment these days (sc, xrp, xem, zcash...) it's like altcoins could/try recover its old value on 2018.

I though that btc will rises to $25k until genuary/february and 2018 will be the bloody year, falling until $6k - $8k

Maybe is a casuality, but one month before to the fall, there were a lot of news about a study, here there is one of those links: https://www.coindesk.com/survey-plurality-of-bitcoin-users-think-it-can-change-world/
They said this value: $196,165.79

On 16 December btc closed on ≈$19,223

Maybe, 2018 will be the altcoin's year.
No Xmas, no taxes, only a movement. :)

Well, I think it's not about seasons but it's about because of the fork and it's about sharply higher price of bitcoin last last weeks I think it's the reason why there are little bit drop of price of bitcoin this week. But I highly encourage about some of the post here in the forum about the coming amazing price of bitcoin in next year. I am more encouraged to hold and more to wait in my price goal next year. I know that bitcoin will bit more higher price in the coming 2018.

I really don't think so. It's true that part of the traders are not very active during holiday period, and some needs to cash out for Christmas gifts, but it should be quite a small part of population and should not impact billions of market cap in such short period.

Anyway, time will tell and we will see beginning of 2018 how the price will react when everyone will be back to work.

Technically they did, a lot of people withdrew money only to buy stupid gifts and this is what caused the last drop, this + the previous fud were a huge combination and they decreased the price by a lot of money.

There's a big chance that the past holiday was responsible for bitcoin's drop. But I think, whatever reason behind it is not important anymore because the thing that matters for now is the fact that btc is recovering. Bitcoin is now $16000+ and still rising, but I'm not confident that it will continue since there's still an upcoming celebration which may force the people to sell their btc and cause a big drop again.

Let's hope this won't happen but if there's a chance then still favorable for me, at least I can buy more btc.

There are way too many new bitcoin investors that knows nothing but profits, and all they planned is to invest their money into bitcoin and withdraw by December. so, that is what actually caused the market crashed!  

Christmas and the holiday season do not affect the decline bitkoina.Dengi people need always not only in the holidays. To make a gift to relatives or go to rest do not necessarily spend bitkoiny.Ponyzhenie or growth were always. It seems to me that from the middle of January it will go up again.

Somehow, there are part of me thinking that it is one of the reason why sudden drop of Bitcoin. Maybe because of the holiday season, people are withdrawing their coins. But also maybe there are other reasons, like cases of other altcoins. Bitcoins holder are taking also other altcoins, I guess.

I have a friend whose into bitcoin also. I was asking him his opinion as to why bitcoin price drops up to 20% during Holiday season. He told that maybe there's a whale who dump his coin and invest in alts. I don't know if it's true. On the other hand, I was also planning of selling my bitcoin during holiday season, but when I was about to sell it, I just found out that it's price was drastically drops that I have decided not to sell it that time and just hold it. And I'm still holding my bitcoin up to now.

Sure, I use the profit of bitcoin to Xmas and holiday with my family. It is time to bring our lovely family special gift in special moment. I hope this time will be happen in next year :) marry christmas and have a nice holiday :)

Mostly if holiday season coming out,the bitcoin value price and other altcoins will drop down,is  this what i have observe  now,even if im only a beginner of this kind of  works,and i thinks mostly people change there bitcoin to fiat  money to use it  for expenses in holiday season.and that the reason  why  bitcoins price will go down,but this is only my observation during this coming christmas and new year and i thinks my opinions is relevant to the happening right now.

Yeah i do. People need to shopping on these day and that's why they're selling BTC and turn into real money to shopping.

I don't think the Christmas season caused the price dip of bitcoin, I think bitcoin users wont spend alot from their bitcoin investment to buy gift and spend for the holidays. I think btc users are exposed to the idea of "bitcoin as a long term investment". I think its just a price correction from the incredibly price hike that happened to btc. And now btc is rising again and people from cryptoworld is rejoicing, so let's continue on holding.

yes, i do believe that these holiday seasons are the cause of bitcoin price drop, some of us (bitcoin holders) are make it as a gift for ourselves and spend it for their own reason, like me i spend my bitcoin just to celebrate christmas with my family as a gift to me and for them, and i think these upcoming new year i will spend my bitcoin too just to celebrate new year.

Maybe it can be one of the reasons too.After all the hardworks we did since from january up to december,i believe we deserved some rewards too.I actually did it on my own special way just to treat myself and all my loved ones.Because of these usual scenarios during december holidays,i think bitcoin  had dropped its price.But this won't be a problem to all the users and investors of bitcoin,being volatile of bitcoin is the main reason why we keep on holding to it.

Perhaps because surely many has already convert their bitcoin from the start of December in preparation to holiday season with that a big numbers of bitcoin become available in the market which leads to price decrease so that an opportunity for investment can be open and also so that bitcoin will remain in the circulation or ownership of a person and since now holiday season will come into an end the value of bitcoin recover again and started to pump

I guess yes. Holiday season is maybe one of the reason why bitcoin price drop. More people chose to sell their bitcoin to please themselves as well as their family and friends. But whatever the reason behind all this is let's not forget that it only dropping by and it will rise again. Remember, there is a rainbow after the rain. If can during this season, try to buy bitcoin at low price and hold. Since bitcoin has the characteristics of being volatile it has the ability to change its price any moment.

If we remember the previous year, it is very much clear that  Christmas effected the price of bitcoin too much but on the very 1st day of 2017 the price was skyrocket. I think even in 2017 two continuous holiday really effected  the price of bitcoin, but we are expecting that the new year will really give a new boost to bitcoin price and it is expected that bitcoin price will very soon cross even 30000$ level in next few month. Hope that 2018 will be another good year for bitcoin price.

I think they are a couple of effect around Holiday-EndofYear time. Maybe some Taxeffect too, but mostly because of many people are not working and having time to rethink their invests.

I’m not thinking in that way, because I’m 100% sure that is what caused drop in the prices of bitcoin. Off course everyone love their family and friends and what could be better than having presents and surprises this Christmas. The source for the money? Well that’s bitcoin this time and everyone enjoyed and enjoying it in this season of holidays. The new year coming too so people need huge money to spend. ;-)

Also, that’s about the real fact but on the back stage there was many altcoins too which changed the minds of investors to invest in them because they saw more profitably in there. They did it and we can see the effects clearly.

Personally I didn't spend my money. And I think it's not the main reason BTC price dropped. There are too much money involved in BTC circulation, one shopping here and there couldn't make BTC price decrease too much like that (from $19.000 to $13.000). I believe big traders took the opportunity and dumped it maximum as possible to buy cheap and hold more coins.

The holidays definitely had an impact towards the Bitcoin prices and as expected, due to the needs of people, it has caused a great correction that made people panic and do impulsive actions as before it reached a low rate, it hit a remarkable price. With Bitcoin rates reaching almost $20,000 before the holidays, the people were enthusiastic and somehow excited as it gave them the feel that there is more to spend on this season. The improper use on Bitcoin during its peak resulted to the correction which was timed with the holidays.

I believe partly yes this holiday seasons has caused the drop in the price some of them convert btc into fiat. To buy presents on this holiday, but some are in saving btc for the next year. As most predictions price will soaring high next year.

Most probably yes. When you check the prices out, you'll see that prople are selling some to get some christmas gifts and meet their christmas spendings. That's the reason for me.

This is what I also believe in too. Due to the holiday season, a lot of us did sell their bitcoin for personal needs and this resulted in an increase in supply in the market. I am also one of the many who did just that. But right now, we can see that it is recovering from the dip that occurred and getting its feet back up again. Let's just what it would turn out after New year.

Maybe some guys cashed out a little BTCs to finance their wife? :D

I can't believe that this is true, it would have to be a lot of people doing the same to cause such a crash. I guess it could have triggered the crash and then weak hands who feared a crash was coming contributed more so to the downfall. As much as you can argue people are selling bitcoin to buy gifts you could argue people are buying bitcoin with gifted money or to gift to others.

It isn’t just bitcoin that has lost significant value. Ethereum (down 20 percent), Bitcoin Cash (down 30 percent), Litecoin (down 21 percent) and nearly every high-profile altcoin lost value over the Holiday season, Ripple was up seven percent, and just one of two coins to remain green over the past day.
 What’s causing the depreciation is anyone’s guess in the same way that nobody knows exactly why bitcoin’s price has slot up from a touch under $1,000 at the start of the year — although many do attribute that to financial institutions embracing the cryptocurrency.

it could happen, many people who withdraw their funds at the time before Christmas and later this year.
people who invest in bitcoin have gained considerable profits this year, bitcoin has achieved tremendous value this year, so they certainly want to feel the benefits of their investment and spend some of their bitcoin to make their family happy at Christmas time and end of year.

A small impact is based on the holiday season, but what it has reached seems to be much low in value compared to the peak price that's been predicted to be attained by the year end. In particular just few days left and people are much focused to experience at least the previously achieved $19000 mark.

Could be because xmas and vacation need a lot of money one of his one sell for the needs of travel and also for the needs of the stomach ,I also have long sell at high prices in november but little I sell just enough for this 2 months holiday december until januari ,this long holiday period for me and my 2 month family to leave my country

This might be one of the reason but that's not for sure. But i read an article on businessinsider.com earlier last week that bitcoin's price started to plunge after one of the founders of bitcoin.com announced that he would sell his stake in bitcoin. No one can tell though that it's the real reason why bitcoin's price drops to over 40% during Christmas season.

I'm not sure, but I believe that Christmas and holiday festivities greatly influence the decline in Bitcoin prices. This is influenced by the increasing financial need of people to celebrate Christmas and holidays, so that Bitcoin users sell their Bitcoin, and because of the large amount of Bitcoin stock on the market that causes the price of Bitcoin to drop.

In my opinion, maybe yes it is. That’s why bitcoin drop the price because some people used the bitcoin to convert their money to used this holiday season for their loveones.

For some reason I think yes, but I see the price dump as a correction. After bitcoin hitting its highest peak everyone expect that it will correct and it happens. Hoping for a brighter future with bitcoin, 2018 will be great for cryptocurrency.

To me that seems unlikely, the amount of people and the amount of money needed to withdraw from the markets in order to push the price down as much as we saw will be too much, unless people were buying mansions and lambos I do not think that was the case, what we saw was just price movements that come from speculation and whales manipulating the price.

I certainly thought this was the reasoning for some of the drop we experienced going from 19k to 13k in a weeks time. Probably wasn't the only reason of course but seemed like a legitimate reason nonetheless. And since then BTC is rebounding quite well I expect it to re-test ATH prior to year being up or in January of next year.

I think Xmas and the Holiday season did contribute to the drop but once the holidays are over money will soon be reinvested back into various cryptocurrencies and this should lead to price recoveries for most if not all cryptos that dipped in this holiday season.

That is quite reasonable I guess. I am assuming that users waited for bitcoin to reach the highest price before Christmas then started to withdraw for the holidays. Seems that they have enjoyed the free coins for Christmas.
Also, I am thinking that bitcoin started to decrease because some thought that bitcoin will be dead soon so others panic and sold their coins too. That caused prices go down drastically.

I disagree with your statement and a lot of people here who thinks that the drop was caused because people withdrew to spend it for the holidays. This is not something that would have brought the price down as that is worth hundreds of millions of dollars in terms of the market cap of bitcoins.

The reason is plain and simple, the prices went down due to the correction of the price. Bitcoins rose up quite fast and as a result it could not have supported itself up there when people started selling their bitcoins. There were not enough buyers to sustain the price when there were so much people that were already selling. The holidays probably affected because a lot of people were not trading and hence there were less buyers at the time.

It's hard to accept or deny it. As we see price was getting high these weeks, a lot of new holders in hope of getting profit, we all know that we need money for christmas and a lot of too.. So maybe this can be a reason but there is also another task: People want to get so much from bitcoin, they wouldn't care about putting bitcoin money for christmas. Can't remember last year's situation, really worths to think about it and consider in future tradings.

Maybe thats the reason. Becuase last year, when hiliday season bitcoin will dropped down, the same happen thid year. But i think bitcoin will recover again, thats the things bitcoin will grow up the same last year.

I think yes, it will affect the price since people are cashing out bitcoin to purchase gift an used it for holiday, but this situation can be reverse if a lot of shops already accepting bitcoin, for sure people will do transaction using bitcoin and could increase the transaction volume, and the result the price could go up, maybe in the future when shops already adapted, price will go up in holiday season

There's a High possibility that it is the cause of the big dip. Christmas means giving i think they sold a bit of their BTC's for christmas i think everyone does. Theres no doubt christmas has a big effect to the value but we do hope so that it will recover after the year ends.

I had this idea a few days a go as well and looked back over the last few years data on Coinmarketcap - there was nothing conclusive that I could draw from it. I think that the market is a little thinner at the holidays and if someone want to drive the market in a direction it is a good time to play antics - but that is just my paranoia.

It is possible that the holidays caused the drop of bitcoin value and that is because of the numerous people that cashed out. though there are so many factors that may have affected the value of bigcoin, but i guess the main cause would be the huge amount of cash outs. There was also some speculation that a investor withdrawn all of his or her bitcoin which could be a possible reason for bitcoins dip.

I'm very glad for this nice holiday because the price for bitcoin is too high and I use the profit for my family to journey in some beautiful places. This is very nice experience for me and I can't to forget it :)

Yes i think holiday season is among the reasons why the value decreased recently, im also guilty in this issue. I cashout some of my coins to treat my family with a nice meal and bought gifts for the kids.

Anything can affect - or not - bitcoin; I think that the main problem in this moment is the network overcharged.
Transactions are too expensive and almost impossible to do in a reasonable time.

in my oppinion for me even when the xmas and holiday season came can not effect bitcoin price because at that time many people have bonuses that  they get on his work like that so maybe they'll keep it their bitcoin  for the coming 2018 because the price of each bitcoin will be increase again..like me i wait it i keep it in my wallet i have lot of money that special day like xmas and holiday season

yes, I am very wasteful use bitcoin, because so easy of getting profit in bitcoin. there is nothing wrong with finding profit in bitcoin and using bitcoin, it's the right to use bitcoin.

Yep. Just like Veterans Day/Thanksgiving...

Remember I said it was the catalyst for the downward spiral in the price. We had no mayor bad news or bad publicity that triggered this mini-dump, so it had to be something else. You mentioned something I did not think of though, which is the fact that a lot of people went on holiday and they were not focussed on trading Crypto currencies during this time.

As people return from holidays, the trade volume will pick up and things will go back to normal.

I think this has really affected the downside of bitcoins in the past few days. There are many people selling their bitcoin to pay for their gifts for their loved ones this Christmas.

The holiday season is really costing us a lot of money since the price has been going down for a while, anyway, it will recover but we all know that it will take some time, but it always happens, it is just matter of time and have some patience.

Yes maybe. Because lots of people needs money for Christmas but no one still control how bitcoin pump and dump.

I think this holiday season is causing the decline in bitcoin prices, because during the holiday season many people sell bitcoin ..

I think so, many people saw the door to cash in their profits form trading before holidays, and that's what happen to the price, it crushed so much I wouldnt recommend to invest in bitcoin til the price is more stablished again.

Yes yes got to use bitcoin for buying gifts this past weeks, but sad for today because bitcoin price/value decreased. When this bitcoin increased happend. I tought bitcoin increased because its a gift for other bitcoin users so for that I think not just me, but others as well bought bitcoin when bitcoin price increased evryone bought for there gifts and save bitcoin for the value

The holiday season really had an effect to Bitcoin's price as many people have cashed out and sold off there Bitcoin for them to profit. This season made them profit because its simply the holiday season were people are known to spend more because they are having fun and giving gifts. Not only in Bitcoin as also the stock market is affected my stock portfolio today experienced a pretty significant dip in price because of the holiday season as well.

I think so , its the season of expenses so maybe they use and withdraw their bitcoin investment for food, gifts and events expenses. Less invested coin on bitcoin world, less value it has created. I hope it will regain again this january 2018

Yes,it is a big factor why the price goes down.Christmas and Holiday season is the time of vacation and all catholic people celebrates this together with their families and relatives.And in order to have good celebration,they need money.So that's why some people on this forum sell their bitcoins to have enough money to spend during this season.Either giving Christmas gifts or going abroad to celebrate Christmas.

It can be the reason, its holliday and this is our time to our family so many people spend their time to their family and love one and this is also our vacation maybe that's the reason why the price dump because of many people get their vacation now.

The holidays is a factor, we cannot control people from buying stuffs on this season, since there will be a lot of sale in the malls, a lot of people to be given presents, and the reason that not only christians celebrate cristmas season, but the whole world. We can just wait after this season is over for the prices of crypto currencies to be back on track.

I don't think holidays influence the price big deal. Maybe in smaller range but not siginificantly, no matter that some users are cashing out their coins for spending on gifts and traveling. The last correction was caused by some other factors probably more complex than holiday season.

Well of course, for me it is a yes because during holiday season it is natural for people to withdraw funds from any sources they have including Bitcoin to buy foods and gifts for their love ones. This mostly happen in third world countries like where I am now which during xmas season, it is part of our culture to prepare foods and gifts. In my case, I also one of those who converted Bitcoins into local fiat money for my family's needs this holiday season. Therefore, aside from panic selling of newbies, holiday season is one of the reasons why Bitcoin and altcoins price goes down.

Yeah maybe it the Christmas and holiday season caused the drop in the price,
Because we would need some Fiat and if we are holding a bitcoin we would have to sell it to have some and I think there are huge number of bitcoin holder that sold their bitcoin because of the holiday.

It is possible, since the flow of newcomers is closely linked to the buzz about bitcoin.
Last peak was before Xmas.
https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin (https://trends.google.com/trends/explore?date=today%203-m&q=bitcoin)

I think xmas and holiday season has also a big factor why the btc price goes down.
Many people sell thier bitcoin just to have money, to buy things needed for christmas, like buying gifts and foods.
And because christmas is over its price is slowly recovering.
But still its not safe because there still one big holiday left which is the newyear. And some people will again sold their btc just to buy things needed to celebrate newyear.

Good analysis, but more market response to hardf fork. and this moment has no effect on Bitcoin price.
they prefer to make money rather than spend it quickly.

Yes,I think it maybe the reason because many people will spend their saving in the holidays of Christmas for buying things and other stuffs,many people store their savings in bitcoin so the need to convert the bitcoins into fiat to spend it because still bitcoin can't be used directly to buy things.So they sell their bitcoins to spend it which cause high traffic in bitcoin network so the fee keeps increasing and price decreased due to more supply.Then many people scared of price dump and everyone started to sell their bitcoin.

It might be correct to some extent to say that bitcoin holders might have sold some of their holdings to enjoy the festival celebrations.Another important reason would be that coinbase has announced that it would issue BCH to its users who had bitcoins earlier during hard fork and it would be issued on january 2018.

So,probably lots of BCH coins would get dumped at that time.So,investors are trying to make use of the BCH pump before it gets dumped next month.So,they just sold their bitcoins and bought BCH which would be the main reason for fall in bitcoin price.

It can be also a few people with many BTC willing to sell, scared of missing the jackpot...

That’s quite true… end of the year, which is December, is mostly when investors withdraws the investments they have made so far and calculate their profits. So it’s quite possible that might be the reason the price rate for Bitcoin is running down…or maybe, it might be because of investors going for Litecoin as some sources has predicted. But I’m not really sure, the price just got up to $16k recently

For now, I do not think that there are so many shops that want to pay in btc, may be ony particular site that really legal in the country will accept this. Most country takes bitcoin as illegal things, they do not ban it for now but they do not let people fo the transaction in buying things or even paying bills. So if you said that the dip is causing of these, I do not think so, mostly they want to party using bitcoin thst they earned, this is what I really think that is possible

Christmas is a much-awaited day for some people. usually, christmas will be a moment where we can give gifts and do holiday in it. That means this moment is the time when people will spend a lot of money to celebrate. I am sure that, there are some people who earn 100% of their income from cryptocurrency so the decline that occurs in bitcoin and another cryptocurrency this month could be caused by it.

 ???yes many people want to buy gift for thier love ones so that they want to sale thier bitcoin even low prize its coz xmas  

I think so, because as always Christmas is about sharing. So, those holder even though they don't like to cash it out I think they will do because they will give some gifts and cash to their family, relatives and nieces.

I agree with what you say if the current holiday season is going to be a lot of people who make big profits because they want to spend time on vacation for an activity during the last eleven months. and I think with so many people making big profits this holiday season of course this will be able to cause bitcoin prices will come back down. but I do not think this will last long because with the price decline it will again attract investors who want to invest with bitcoin and this of course will cause bitcoin prices will increase again.

It is possible that the holiday season caused the sideways movement of BTC's price. This happened before Thanksgiving as well in November. Probably, most of those who took profit are currently enjoying their grand vacation. I personally think that these dips are golden opportunity to buy BTC at a lower price and I hope to see another rise once they got back in the game post-holiday season.

Things have really changed. Last year, bitcoin was surging ahead during the holidays, however, this year is not the case. As much that I would like to put this reason on the side, but I can't really help but to think that this is the only logical explanation for what we have seen last week when all markets bleeds for almost 2 days. Oh well, we need to accept the fact that bitcoin is money and people just cashing it out to enjoy the holidays and spend grand vacation as you have pointed out.


But the think is, this is the first time that we have seen this occurrence. As I have said, last year was different. So I could assumed that next year, we need to be very vigilant for every holidays that are coming, specially that the price is enjoying a price increase. Let's bear in mind that we should also include holidays for a possible for investors to cash out which will result to a possible dip. ;D

I don't think that Bitcoin might have dropped for such a common minute reason . Bitcoin is the world's best Cryotocurrency and such a reason is not at all what Bitcoin should give for its price drop. I just said this in the previous thread , south Korea announced cyber currency crackdown. It's a highlighted news in Google news.

I dont think that the holiday season is the reason for the drop of the price because as we all know that the crypto is too volatile and as per my observation when there are price increase there are investors who sells their investments because they already gained profit from their investment. Selling of coins and also buying is the reason of the volatility of the market.

Selling Bitcoin on Christmas and holiday season is responsible for dropping price of bitcoin. Many people are selling their btc for their own fiat currency to spend on Christmas celebration and holiday season. It is one of the major reason for dropping price.

well, maybe one of the causes is that. we know that by the end of the year, many people need money, so it's possible that many people are selling their bitcoins, so the bitcoin price goes down.

I think bitcoin's transaction getting more crowd since there will be more demand on bitcoin so I think bitcoin value still quite stable and high at the moment.
About 2018, I think bitcoin will reach another record so it's worth to hold most of your bits !

The price dropped before this fud was distributed on global media and social media platforms. This will also explain the fud in more detail, https://www.reddit.com/r/Bitcoin/comments/7mn0ts/breaking_down_the_fud_a_closer_look_at_recent/

You should double check the facts before you believe the fud. ^smile^

I dont see any necessity for making the price drop by more than $5000, i dont think that billions of the total marketcap are gone just because the big daddy wanted to buy christmas gifts, no way


No, of course not, i have just spent what i deserved, and it was not a huge amount of money, probably less than $1000, i do not remember.


Christmas is just an excuse to waste more money than what you expected before.

I think so. Because many bitcoin holders sell their bitcoins to use these christmas and holiday season. But i think next year bitcoin will grow again.

all that can happen, because some crypto users celebrate it and they also sell bitcoin for an interest. This also causes the fall in bitcoin prices, thus affecting others after seeing a decline, they also come to sell it for fear of increased losses so the value of bitcoin actually decline faster.

I think for me it can caused the drop in the price of bitcoin just like I withdraw my bitcoin to a paper money to buy things that needed in our Christmas and new years celebration here in my country and I think that's possible to happened next year.

Yes I think it will affected because many people need money and they sell their bitcoins used it in holidays for celebration of christmas .Its affects the price value and goes down but dont be panic .The price increase soon in the year 2018.

It is quite possible that the holidays have somehow caused the sudden drop of bitcoin value. Due to the event, numerous people are selling their bitcoins to dollars to withdraw some. Although, there are a lot of factors that can affect the value of bitcoin. There were speculations that the dip was caused by a certain correction. Whatever the reason may be, hopefuli bitcoin can soon recover.

I agree, and i think the reason why because they sell their bitcoin ang change it to fait currency that's why the value was dropping down because it's holliday season they whant to celebrate our crhistmas ( actually even me. ) But i think bitcoin value was increase again when this year 2018 comes.

Christmas celebration may contribute from this, but the main reason is that those FUD's spreading before holiday seasons. It seems that it could make people worrying for a huge dump that's why they are selling coins. Not for the intend that they have to used  for holidays but to escaped from losing their money.

The correction did include a little bit of cashing out only for giving gifts and spending some time with the family on a vacation. A hell a lot of investors thought after all the profits that has been reaped this year why not spend some on ourselves and not focus on profits here. The years and years of hardwork by developers and exchanges and what not is what that has bought us here. Even I cashed out a very little portion of my portfolio and bought some gifts. Gives me a great feeling.  :D

I do believe some of the selling did drop the price, and with that drop it did create some panic selling among some of the unsteady hands during the holiday, as someone stated earlier in this post it takes or would take a lot of panic selling and a lot of unsteady hands to bring down the price. Im quite sure of that took place, but we have all seen this type of activity before and we will see it again. But Im not selling period, hence my user name I wont sell a single satoshi  until all financial hell breaks out in my particular situation, or until the price drops down to where I am on the edge of an abyss of loosing from where I stepped into this great opportunity. We are a long way from that happening. No I am holding for the long run, I have steady hands.

I think Christmas and new year season add up the the downfall of bitcoin price however as we look to technical details ie technical indication and candlestick analysis bitcoin price already attain the possible highest price after the record by record high price

There is a possibility that could happen, Christmas and holiday is the time to enjoy the time, I expect people will cashing out the profit from Bitcoin. And I'm sure in this time the cryptocurrencies market will not make a significant movement, it will be slow and stagnant movement due to many people have a break from trading to enjoy the holiday.

Maybe one of the reasons perhaps since many are selling their coins in order to convert to fiat for the holiday expenses and leisures. However, there's no need to panic for the dump because it will surely increases in 2018.

This could be one of the reasons why the price dropped i  this holiday season, people cashed out to reward themself a gift, and coincidentally the price was increasing a lot too. And after the price decreased a bit, people starts to panic and so some panic sells, and some people who wants to ruin bitcoin starting to spam the network with the dump. The transaction fees goes high and slow, price dropping, and more people become panic. And here we are now, with this condition.
For me, i didnt cash out a single of my bitcoin in this holidays, because for me, i already make a rule to do transaction outside a big time/ event / holidays season.

I'm one of those people who withdraw some funds to reward myself a little for the holiday season. Based on the observations of my partner who has been investing in bitcoin for almost 4 years, he said that whenever Christmas day is nearing, the value of bitcoin gets low at some point

Maybe yes. I do really think so that this consecutive holiday season during the month of December might be the major cause of the price drop of Bitcoin price and also the same thing applies with the alternate cryptocurrencies. Maybe because most of the people are now busy on their family hangouts and even family get away, the demands which causes the rise of the prices are somehow really affected with the holiday events because people are really busy on their stuffs and errands to be done and enjoying this season with their love ones.

I got your point.I really believe Christmas and New Year means a lot of spending too.We buy presents for everyone we loved and then spend for some palatable foods to be served on noche buenas.So i agree this could be one of the reasons why we experienced dumping one these holiday seasons or maybe just a price correction because we have experienced so much pumpings from the previous months.

For me, yes holiday season, has a reason why bitcoin price drops down. Many people want to have some money to buy the things they want or give some Christmas gift to someone. The price drops down because many people are selling their bitcoin to obtain some cash, so the volume of seller become higher so the price of bitcoin decrease. That is the contrariwise of bitcoin’s increasing amount if some company or establishment announce that they will accept bitcoin, the bitcoin price is rapidly growing.  :)

Yes. In my opinion too much selling of bitcoin in xmas and holiday season is the cause of drop down bitcoin price. Too many people selling bitcoin to observe gorgeously xmas and hoilday season. This is the main reason for dropping bitcoin price.

Yes i believe that the Christmas Holiday season have actually caused the drop in the price of Bitccoin. Bitcoin  have been appriciating before the christmas, and just before the celebration the price drop.

Yah I think most of people are thinking like this. We all know that Christmas is a big event for people and they want to celebrate this festival with great joy, so I think that is a major reason of dropping the price of Bitcoin. And the holidays are one of the important factors of Bitcoin price. But these all the temporary causes as we all know and from the dump of Bitcoin price, as these factors resolved the price of Bitcoin will rise automatically. So please don’t be panic and impatient to take the drop in price of Bitcoin, it just a little break.

Maybe that is the reason. Drops happen time by time. It recovers easily. Panic selling is the effect of these to some. I have experience doing that before and I regret it because just a couple of days, the value rise again.

The holiday season has historically been a very quite time for Bitcoin too, because people are not making huge financial decisions at the end of a year. You might find that a lot of volume in trades will pick up to the beginning of 2018, when people return to work, with New Year resolutions to buy more Crypto currencies in the New Year.

Enjoy the Holidays and prepare for a cracking New Year.

I saw the graph for previous years and I think this is a trend for crypto: small drop in price and activity (due to vocations) and growth later on...

Maybe a lot of crypto traders want just to fix their income at the End of year. It is normal, price growed too quickly from 6k$ to 19k$. Take it as correction.

maybe some point of reason why bitcoin drop down due to holiday season some investors pinch bitcoins to spend... i also did exchange some bitcoins to fiat to buy some gifts to my family and enjoy get together. i think this is the only way to treat my self and love ones once a year :) we deserved to be happy

there were 7 btc correction this year and then there was great pump.we can say due to holiday ,price dump but it is exactly not true,due to sudden huge pump ,this dump was expected.and bitcoin tech is going old,people are using eth and ripple for their transaction.in future bitcoin price will grow but we can see less usage of bitcoin as transaction.

If it's really the Holiday season which influences the prices, then the crypto market is really a huge bubble...

according to me, during Xmas and holiday season, people are busy to plan all that with their families. and possibly fewer trading, investment, and other trading activities. or maybe, during Xmas and holiday season, bitcoin is used as a reward, so there is a price drop.

Well as for me, I didn't really dived into buying expensive gifts. I still hold some of my bitcoins. Also, the price dropped certainily because for sure many of us used their bitcoin for their needs and wants especially this holiday season. This happends every year though so the rate is just normal.

In my opinion, yes I think the Xmas and holiday season has the vast effect that caused of bitcoin drop its price.  Many bitcoin users want to buy the things they want to this holiday season so that they will sell their bitcoin or they will convert their bitcoin into real money and buy the stuff they want. Even I, I sell my bitcoin just to obtain some extra money and give my self a gift for all my hard work.

I think that might be part of the case, i think the holidays slightly or in a minor scale
influence the drop of price. It reached a record high before Christmas then it suddenly
drop but it's gaining value now. People spend a lot on holidays, the sudden increased of
value on bitcoin might have triggered and convince some people to sell some coins to
spend on their holiday season, that was pure sweet profit by the way if you were the
lucky ones to sell. But maybe it's just a trend they are volatile and decentralized in
structure, In such a field, inflation and deflation are considered somewhat normal.

Always happen every holiday season but I still think that this is a correction. Bitcoin are still falling, and I do hope that it will not go deeper than expected. Bitcoin is really great technology and people should realize this. Bitcoin will pump again in 2018 and go even higher.

Well .. year-end holidays should be a fun time for everyone. But not for miners or Bitcoin investors. Because bitcoin prices fell quite hard, which is about 40% (more or less) in the middle of last week. although, in the second week of December 2017 Bitcoin has touched its highest level.

hmm .. there are many reasons behind the fall of the Bitcoin exchange rate. however indirectly the holidays require everyone to spend more budget.
Sometimes for the sake of vacation, someone willing to sell the valuables he has. and apparently the user / owner of bitcoin did not escape it. it may be Christmas and New Year's holidays are also "push" bitcoin owners to sell bitcoin. Of course (maybe) this sale action takes place in considerable volume. If so, then the bitcoin supply increases, so if the supply increases, the price will decrease.
I thought, does not that make sense!

No reason to complain there: most miners or Bitcoin investors acquired their BTC from 2009 to November 2017 (look at market cap) and are very happy with a BTC/$ rate at least doubled.

The major correction was long due and overdue. It appears to be the main reason behind the dramatic price fall in the last two weeks. So, no, I don't think it is because of the holiday season, though this doesn't mean that people don't buy expensive gifts with their quite decent Bitcoin earnings. A year ago the price had been surging through all holidays until the Chinese central bank came out and crashed Bitcoin on January 8-9.

Anyway, we are still standing higher than we were in November.

On the basis of it, I really agree with you, everyone knows for sure of it.
but, maybe I am too dramatic to write such a sentence. because I do not mean to describe the miners / investors "complaining".

Usually the price of bitcoin fall during the holiday season and this year it is no exception,we might see some growth next year but i do not expect the same level of price rise we saw in 2017,because the rise was immense and no one expected that,but huge investments from wall street and other heavy investors made this growth possible.

Storically winter has always been bitcoin worst season ...  :-\

Not good to say its a worst thing happen, because as we recall it's market historical record it only stared in almost nothing until it reaches a certain price that nobody expecting that to happen. Even though we have experiecing this big dip but it is still doing great and  it is still give us profit if you invest it a few months ago.

I am in the same thoughts as you, the supply of coins has risen and people have used their btc for xmas and expensive gifts so there have been a withdrawn in market which made the price to decrease as the demand decreased,

Yes, the drop in price being experienced by bitcoin could be attributed to the Christmas season, there are massive dumps by some investors who wanted to use fiat for the holiday seasons and also price  volatility is also low during this period of the year and this is also the same trend in forex trading, the market will pick up in January after the holidays.

I say it's smart people who knows the new capital gains tax from crypto sales starting in 2018 will be a pain. Easiest way to fix this problem is to liquidate all to cash before new years and once new years hit/new tax season, purchase the bitcoin again. This will give you a clean ledger to work with. The dump started right during the week this tax thing happened.

I don't think that people withdrew their money just because its holiday season. I think the hard fork cause it all and correcting the price since bitcoin lately pump hard.

For me, I think yes, the christmas and Holiday season are the caused of bitcoin drops, and it will affect the price . Since people are cashing out bitcoin to purchase gift an used it for holiday, but this situation can be reverse if a lot of shops already accepting bitcoin, for sure people will do transaction using bitcoin and could increase the transaction volume, and the result the price could go up, maybe in the future when shops already adapted, price will go up in holiday season ..

The yuletide season may have affected the prices of bitcoin to drop. Since it is the season of giving, maybe lot of bitcoin holders out there cashed out some of their holdings making the price to go down a bit.

Thats true people tend to hold their Bitcoins cause probably for the upcoming year investors will invest here better than the prior year which is their goal to keep profit,cause when the time comes that Bitcoin become higher they can have bigger amount of profit.

Maybe holidays are the reason why the price keeps on dropping down,
Because some of us who are bitcoin user or holder needed some money so we don't have a choice but to cash out some of our bitcoin,
And because of that it would be a huge amount of sell order so the price would be crashing down.

Yes, during the holiday season bitcoin's value have decreased and it's maybe because of bitcoin holders who withdraw some of their btc to use for Christmas. Now bitcoin is starting to hit peaks again from the dip that happened.

Ofcourse, all possibilities can occur, especially if we see the possibility of entry of large investors. and at the end.. the development the bitcoin price will reach a level never prediction by anyone.

This is reality Because I also seen many times times in my career of bitcoin then when we expect that During the vacation price will get rise and also price will jump at festivals but soemtimes happened totally opposite of this because people needs money during festival to celebrate and that results into high sell of cryptocurrency ( specially bitcoin ) and that reuslts into loss of money .
But still some festivals gives reverse effect that what we discussed here , like they think something new at special days and they make investment in bitcoin ( it can be moment of new year ) .,So here we can say that we should remain ready that price of bitcoin at the new year can jump again with new investors .

Yes I agree, the price of bitcoin have dropped because of excessive selling that must have taken place recently in the holiday season which created a sudden availability of bitcoins in the market and in effect to which the prices have dropped.

People have sold their bitcoins for different reasons. The price was rising allot and many thought this would be the right time to sell, while some others thought kf encashing bitcoins to spend for holidays. Overall more selling took place than buying this season which made prices come down.

That is what I am thinking also that bitcoin price dumps because of this situation that this is a season for sharing gifts and blessings so I think a  lot of people withdraw their earnings so that they can give even for a little amount that they can share, even myself I shared what I can give especially for my family.

Exactly. Everybody is rushing to buy gifts for their loved ones, also groceries for their Holiday Celebration. That cause the decrease of demand coz everybody is selling and definitely this is the time that many dumpers hated the most.

Yes, don't even bother with FUDs out there. It's only natural behavior of Bitcoin when holiday is coming, the price will be decreasing and going up after that holiday. No need to panic and stay read the latest news from "legit" site to avoid those FUDs.

This is actually right its not really surprising for bitcoins price to dip on these holiday season even not on holidays price still moves on that matter and you are actually right no matter how low it would dip the important thing is that we should really not panic sell on our bitcoin holdings and instead of panicking better to buy even more cheaper coins because sooner or later it would really recover its price and would reach up new heights.
No matter what would be the reason but I'm sure its just related on supply and demand.

If you follow the market you can see that this happened every year the last 5 years.

I think so. The holidays are the reason for the price to drop since the whales are cashing out and splashing their money into different things that they want like celebrating or purchasing new home or a fancy car which resulted for the other people to follow their moves and sell off and resulted for a oversold bitcoins in the market but i think that in the next year, it will go bullish again.

This is a nice observation, and yes it was little expected that during vacation time of the last week people would be enjoying their personal life and will be out so their would not be much trade happening. Thus some of them will sell and want the money to enjoy the vacation thus causing some drop in the prices.

I belong to those who spent bitcoins during this holiday season since the high value is so tempting and I also want to enjoy my earnings from bitcoin so I chose to sell it.
I agree with you, this holiday season is also one factor of the drop of bitcoin's value.

every year its caused to drop prices. people try to get some of their money for holidays.

i would say that xmas is the sole reason for price drop, but it surely contributed. thats natural when you dispose of some savings on one of the greatest holiday season

I believe that's the reason. Many people sold some of their bitcoin at this period or used it to shop online. Many stores and online shopping sites make great offers at this period and people can't resist.
Maybe after few days we will see bitcoin getting back up again. These occasions are the reason behind the insane price of transaction taxes and the drop in price.

I really do think so. And now that holidays are about to end, we may now expect for continuous increase on its market value. I didn't do the same thing which is to sell lately even if the market price of Bitcoin is falling. And I think it will be a benefit of the doubt that I believe backdrops which recently happened is just because f the holidays and will now start to climb its way up and become more expensive. It also means bigger profit.

I honestly think so. People are forced to give presents to each other just because of the day the Pagan said was holy or remarkable or whatever. I, myself, have sold bitcoin in such a low price just so I can buy things before Christmas. I don't really know "why", there's no sale or whatever but it's like we are forced to use all of our money during the holidays. There are even ATMs in my place that are running out of cash to give to the people withdrawing from it.

Most bitcoin users are all about holding their coin and not even selling it. So the market movements that you have been seeing are probably just bitcoin users that have had emergency and of course the people that are trading/manipulating the market. Since during the holidays, most bitcoin users will be withdrawing their money (I used "most" not all because some are going HODL forever). That, added to the other factors that's affecting the price of bitcoin to drop has caused this. I don't think this is going to go up anytime soon though until the holiday season is finally over.

There is a large rather big possibility that the answer would be a yes. Since holiday season is making people too much busy fixing and planning their stuffs such as family outing or out of town vacation, they would not be able to get active into working with Bitcoin cryptocurrency and the same thing applies with the alternate cryptocurrencies so the demands and usages of the cryptocurrencies will be lowered down that will surely result to the dropping of the prices.

As we can see, before this holidays came we can see the huge changes in bitcoin and one of the reason was because of holidays. Yes you are right that some people sold their bitcoin just to buy a present for their love ones or just to buy a food a for the Christmas and New Years Eve. But As we can see now bitcoin price is now increasing again and I believe it will beat the highest record of bitcoin price.

I agree with you to the possibe reason of bitcoin price fluctuation this comming holiday but i am belong to those party which they have not sell their bitcoin for buying gifts or some holiday goodies. The price becomes low so id rather hold it than spend.

Rapid selling of bitcoin is the main caused why price of bitcoin drop. December is a peak season, and mostly people needed money used to celebrate. But this month of january the price of bitcoin will much up higher in my own prediction only.

It could be a factor since a lot people sold there coins in preparation for the holidays. The drop is normal in peak seasons though there are still a lot of reasons why price went down. Though definitely agter this drop or after this holiday week most likely the price of Bitcoin would rise up again, since people will start to regain or reinvest there money again.

It is one the reasons since the surge occurred drastically and during the brink of holidays. Others, who wanted to hold, basically panicked and wanted to sell as well. Honestly, I had to sell as well because December is a month of spending. The main reason is unknown but corrections are bound to happen, nonetheless, so there is no need to worry.

I don’t really know if it’s because of the holiday season, maybe investors wants to take rest. Or was it because of people thinking that it needs a correction cause the price was going out of hand? We can’t really tell, except those that are way more into this, like the devs and bigger investors. $13000 plus as of the last time I checked this morning.

Yes i do think same as you because they're selling their Bitcoin to shopping for new year. New year is a time for spending money.

The mass sell orders that existed during the Christmas and holiday season made a big effect to the price of bitcoin and that is making the price of bitcoin starts to decrease for a while. The logic is when many people are selling their bitcoins that is adding to the supply in the economy that makes the demand lower and it's effect is reflected to the price of bitcoin which we are seeing it decreases.

Yeah, I think many people cashed out during the holidays, causing the drop in price. I myself sold a bit of alts for some bitcoin. Hopefully it works out.

Yes, Most of the people will more likely to buy gifts, buy foods, etc. because we traditionally do this every christmas and new year and in result people in the cryptocurrency industry will going to withdraw some of their cryptos to exchange in fiat to buy these things because we all know that cryptocurrency is not accepted worldwide and didn't consider as a mode of payment by the shop owners and other companies
and in result the is the drop of the price of the bitcoin and the altcoins as well.

Yap. Because every time I go in the mall some products prices are decreased

I think that there is nothing to do with Christmas and holidays. The price of bitcoin came up, and then it went down. So it was always. Bitcoin is not stable, everyone knows this.

This was a point I tried making when I was talking to some of my friends about Bitcoin. People need some extra cash for the holidays, no matter if it is traveling, gifts, food etc. They withdrew a big chunk of their Bitcoins if you ask me, that caused the drop and now it's slowly regenerating and it can only go up from here.

If you consider that probably 80% of the users are inspired to use bitcoin as an investment option or to make money, I am pretty sure that Xmas and holiday season caused the drop. The online gambling activity surely increased during this time, but was not enough to compensate the whole of the investors.

Whatever the cause was for the drop I took the oppertunity to top up on some bitcoin.
Nice to see it's starting to creep back up now people have recovered from their New Year's hangovers. Hopeing that the rise will continue over 2018. Happy New Year everyone :)

It makes sense since people are cashing out some of their bitcoins to buy foods, Christmas presents and many more in preparation for these global events. Not only bitcoins but majority of alt coins as well with the very same reason, IMO. It is also evident that after those holidays, pumping of cryptos also takes place.

This fall was more than blessing for us because we were expecting more rise in prices and then prices fall and all the investors came into action and bought bitcoin in good amount and I think prices are now again rising and it are already gone to 16k and those who were unaware of fall they still have chance to buy bitcoin because still it is affordable value to get in and many investors were worrying but they are ow satisfied.

I think the Christmas season caused a drop in bitcoin price rather, it got so high that naturally it had to shield off as retracement.

The price is expected to go high again because of the multiple transaction of buying.

I think the holidays had a big impact on the price drop of bitcoin. People have been selling their coins to buy gifts. My friends did the same i myself got my family gifts from what i sold. I know bitcoin will recover after the holidays. More and more people will buy bitcoins and then the price will again go back up

Holidays is a period of the year when people spend more money so it is not related to Christmas.

I think occasions that matter to the users affect the rise and fall of Bitcoins value by being affected to the amount of investments being cashed out by different users of Bitcoin simultaneously and continuously leaving the Bitcoin market with low amount of funds or investments within the market. Such occasions like these, ought people to cashed out their Bitcoin to be converted into flat to be used in buying different stuffs that they yearn for and need in the particular event.

The drop was caused by dissapointment with the volume in the futures trading, followed by issues with bitfinex.

I have no idea on this thing and what's with the bitfinex issue you are talking about? I'm not updated with these things but when it comes to seasons that are in need for a lot of cash for people to celebrate then it will push majority of the people to sell their bitcoins and will make the demand lower as the supply is starting to rise again.

The process of getting money into and out of bitcoin is too difficult for something in the real world in real time like a holiday to effect it. Bitcoin is completely disconnected with the rest of the world. It dropped exactly as expected after both futures markets opened because thats what the pump was about. Later on I observed long periods of lag and jagged low volume on bitfinex that went on and off - and bitfinex was as much as $1500 below other exchanges.

Most probably yes, it is due to the need for money to celebrate the big celebration. People sell bitcoins in preparations for the upcoming holiday, that is why it drop to a significant fiqure but literaly now it started to move up as seen in the monitoring of bitcoin price.

Cause then lots of people decide to just sell their coins cause of greater demand for material currency then, that's why prices has down those Times.

The holiday season definitely caused a drop in price of all coins. I believe this is due to people cashing out to buy gifts and other material stuff including holidays. As for myself, I didn't cash out anything but merely bought the dips.

No,  I thinks Xmas and holiday season is not the time price drop it more increasing Because of highly demand of supply, it's the time that almost all of the people entire the world are buying groceries for their noche buenas

Many people has lives outside and they certainly stop trading at those holidays to have fun instead of spending it on monitoring the prices every seconds.

100% because some people needs money for holidays so they need it and i think its more good to bought some coin again because all coins decreased and it will bump again by the end of holidays do keep holding it if you have bitcoins or other alt coins.

I withdraw some for the holidays and I think it is the cause too of the drop in price. I have seen some people too who gifted their family and friends with coins instead of the traditional gifts because they know that it would be valuable in the future. If ever someone would have given me coins too then I would be much grateful for it. Now that we are in the new year then money will be flowing in knowing that there is already an exposure of it late last year getting the attention of more investors. Altcoins are also getting higher percentage in the total market capitalization so rapid movements of bitcoin has lesser impact compared before.

Yes since people cash out to offer presents to their friends and family

Maybe for one reason. According to the custom, most people will buy things at the end of the year. Many people need money for the holidays, so many people may cash in some bitcoin, which will cause the price of bitcoin to drop. I think in the future Chinese New Year will also have the fluctuation of bitcoin price!

People love holidays, most specially during December, we share blessing to our love ones, this is the very natural during the season. We give gifts, money or anything we think of. We even go to some places where we wish to go during vacation. Because of this, we even withdraw and cash out our crypto currencies.

I think so too. I actually think that it's the opposite because since people got all sorts of bonuses during this season, it's a good time for them to use those money they gained and invest it in whatever cryptocurrency venture they choose to, which in turn, would actually boost the price of some cryptocurrencies, or specifically, bitcoin. Also, I think it just so happened that the surge came in late last year, having started around November and carried on through December.

I don't think that this the reason why bitcoin price drop last December, of course it is a possibility but i think its just that bitcoins price is really high and it just happen that it is the month of December when the price correction happened.

I agree with that statement. As far as the deep discounts of the market are usually associated with the big holidays. You can see that this year before Christmas and New Year, the market fell very seriously.

I think it did because if you would take note, the start when bitcoin began to stabilize is around the last week of December. This is the period nearing the Christmas Season; I agree that during this season many people need money to spend for yuletide-related expenses like gifts, food, and other things. Which meant that, maybe, some people withdrew their coins and converted them to case, since it was also the perfect time because that's when bitcoin had it's highest record value. The more bitcoin went out the market, the more supply there was, which maybe affected it price to go down.

Selling bitcoin decrease the demand so i believe Xmas and holiday seasons caused the drop of price. Before Christmas the price was normal and touching almost 20k when the event come near bitcoin start drooping. I believe people start selling it to buy some gifts to there relatives. But now after new year, bitcoin is back on track and we are again now moving towards 20K and even more in the coming days.

Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.

The holiday season was the reason for the drop in Bitcoin price rate. I remember the price went as low as $13,000 but immediately started climbing to the top few days after the Xmas season and new year. Last week it was up around $15,000, recently it just went down to $14000.

Maybe because some of us really needed some money for the holiday season for gifts and for everything else,
So I think that is one of the reasons why bitcoin price drop down in the holiday season just think about how many people or how many bitcoin holders sold their coin for the holiday.

Me too, personally i don't withdraw my bitcoin this holiday season,  because based on the chart of the bitcoin the price is going up so i have thought that i should hold it more because it can get much higher but suddenly it went down. So, i think the one major factor that causes the bitcoin to drop is the people who withdraw this holiday. Because bitcoin's price is supply and demand basis.

Everyone has been selling some from their stash and that's why the price started to fall as it was everyone's force that made the price of each altcoin to go down. And it reflected to the whole market that from bitcoin down to the very tiny altcoins that has a very low market cap, everything was turned into red and even until now it's not yet recovering. Also some FUDs are also a way to cause the price of bitcoin to drop.

I do not think that this is connected with the holidays. Judging from me, I did not take anything from my wallet to buy gifts, and therefore did not change any currency. Perhaps many have spent their bitcoins on gifts and therefore the price has increased, but personally I expect more and do not change anything.

Oh! that's really true, peak season is a rapid selling of bitcoin that's why the price is going down. In a holiday season, people are highly needed a cash money which used on celebrating their family bondings that is why it affects also bitcoin price moving down.

I agree with you i personally think that they did indeed drop the prices because of holiday season and Christmas i think it will be worth the wait because they are going to rise again.

I think christmas and holidays season are also a reason why price  of bitcoin decreasing because there are people busy on buying some goods for preparation and gifts for their family and friends. Many bitcoiner are selling their bitcoin and turn into cash money on holiday season. That is why bitcoin price will also down.

We can see this effect during weekends also. The price of Bitcoin falls more on holidays than the usual working days. Indeed those who are doing trading are aware of this fact that on Saturday and Sunday, big investors do not play on the stock exchanges.

Holidays are one of the factors that affect not only Bitcoin but all the crypto currencies. Actually, Christmas has laid a very big impact on the price of Bitcoin.

I think yes because many of people need to sell their Bitcoin for the Xmas celebration but Bitcoin price will rise again in this january because many people back to working in Bitcoin

Maybe this one of the cause,but not totally at all,because holiday season is only a small part of once a year  to celebrate and some of people or bitcoiner needs a fiat money to expense to buy a gift ,foods and other  wants used for the holiday season thats why its drop down its value price a little.but this things happen now in dropping the price into 13$ due to panic selling of bitcoin and altcoin stocks of some bitcoiner in  south korea  due to implementing ban in there country.

Some people would probably convert some of their bitcoin because of the holiday. However, maybe the real reason why bitcoin drops is that some people panic whenever price drops, and it goes on with some people.

the first thing to take into account is the fact that the price was due to the fact that at the end of 2017, Bitcoin fork was planned to be quite large and this served to increase the demand for crypto currency. Perhaps if such plans are in the future, then huge growth is also not ruled out.

All the sharp fluctuations in the exchange rate are created by people with large wallets. It is understandable that they deliberately crush the market to buy at a minimal price. As they say "Cut hamsters"

I do not think so, because not everyone will attract bitcoin on holiday just for the spree, most of them will hold it until the end of the year waiting for the price spike.

There is no relevant  between the dropping  of the price and holiday season,actually the main reason of dropping the price value consecutively due to the correction of the value of the bitcoin in the market,and panic, selling of some  investor ,due to banning the cryptocurrency into there country and the implementation of china into there new rules to not  pleasing some foreign country ICO platform,because they want to make there own.

There is usually a correction during the holiday season,it is nothing new,but the correction we are facing right now is not because of the holiday season,it is simply because the price has shot up really high in a short period of time and expect the market to settle down after all those rallies we had as you cannot expect every coin to move up all the time and since there was a big rally ,all of the countries around the world are trying to implement rules and regulations and expect the market to move accordingly.

The stock market or bitter markets are weakly traded by the extended Christmas holiday. Every season is the same, so it's true.

I find that I and many of my friends do not withdraw money from the account on the Christmas holiday. And so, I think this holiday has nothing to do with the market.

I thin it is no issue on christmas , but to those whales holding it.

Personally i did withdraw last xmas to spend in a out of town vacation,same as my friends because they know thay by January price of bitcoin will drop ,specially in last part of december when the price reached the unexpected growth of $20,000 ..maybe in some ways this affects the market since i know in asia many withdrawals happening in every occation

Buy bitcoin for long-term investment, not to profit to spend Christmas. It is funny if someone thinks that Christmas is the reason why the price drops.

There is no exact season when we can accurately say that the value of bitcoin will increase or decrease.
And do not withdraw entirely your bitcoin earnings just to buy gifts for bitcoin! Manage it efficiently for maximized profit in the long run.

Right price of bitcoin is not about any seasons as price increase and decrease only with the demand of bitcoin in market nothing else has the effect on bitcoin price, as Christmas is about but it has not such strong effect for price drop infect people will use bitcoin to buy gifts for love one so I think this Christmas price will increase higher instead of dropping. So hope to see it rising and think positive about future of bitcoin.

Sounds logic, but I personally would not use bitcoin yo spend it on y daily or common things, it is not as common as my daily expenses, so I wont dump, lol!

Maybe it happen but I think in every occasion is not related to the crypto market or holiday is not the reason why sometimes the market is bloody because theres a lot traders have smart mind. Maybe some weak hands did not take it anymore that's why they sell their coins.

As I can see the bitcoin chart I could say that yes it one reason why it is dropping down. I saw the past years bitcoin chat when we have a big events such as holiday like christmas and new year the price of bitcoin fast crashing down.

yes i think because when holiday or before holidays, we people need money so we can do relax. to do that, we need to have money. and all our investment and earnings in bitcoin is available for that. so some people withdraw their money to use and invest later when they do not need it again.

It can be. Because most of the holidays in the year, people are drawn to enjoy the holiday.
I am sure that this Christmas season too. Will change the whole market.
And now the community needs to consider its actions to get good results...