You must also understand that for those willing to cashout their bitcoin, someone somewhere is the buyer of that coin. So you wanna sell your btc for Christian and new year party, go on and by January you buy back at a higher cost. But really people need to sell more bitcoins so as to make the price dip more and alts can boom for Christmas.. So I hope and pray more people sell their btc. Price is at $13485 as I write, let it dip more to 10bulks please..
But peradventure there is any country that eventually approve bitcoin before the end of the year, you will see a radical break out in the price to around 25 bulks
[ author=Ginos link=topic=2617780.msg26648435#msg26648435 date=1513757570]
I was just wondering, to those experts on bitcoin, because I have seen that bitcoin suddenly lay low in going up, and now even plunges. I needed your opinion.
Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot
I'm not a bitcoin expert but my hum opinion is that regular holders who may need some cash for holdays are willing to cashout some. meaning the price to become less valuable.
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