Is everyone "Cashing out"

[rainezerr]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

I think that the hype is only for christmas and since christmas is already ending, Now the value of crypto currecies are also being affected in the market, The value is decreasing because maybe the hype is gone so we should cash out all of our money and wait for the next christmas to come.

[Taskford]

It is alright to see that the market is going down because the people are cashing out for the holiday and only some of them are really selling because of the fear of holding their coins because of the less knowledge that they have. Cashing out and the selling from the market resulted for a dump which gives bitcoin a title for having a sale this season.

[mnightwaffle]

Yeah the Christmas cash-in

pretty interesting phenomenon

where after a full year of work, you haven't managed to save any fiat at all, so you need to bleed your crypto to buy presents 

the paycheque to paycheque is real (?)

[LordDisick]

This is festival season of many international people and x-mas is coming in 2 days and they are selling to enjoy their festival. When they come back to market after holidays, it will again start to go upward. Ups and downs come and go. Whenever a market touch its resistance level, it drops a little bit.

Indeed, honestly im one of the people who cash out some of my bitcoin not because the price drop but because I needed extra cash to buy some things for Christmas like gifts for my family and godson and goddaughter. Its a time for gift giving so its an excuse for me to sell.

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