Christmas And BTC?

[bitfocus]

there is a very interesting theory for Christmas sale, see, regular people use whatever they have in hand to buy their investment, and in christmas they sale a part of it to get hard cash for festival, that makes a huge sale altogether.

[conected]

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

No i dont think there is a huge impact from holidays and christmas. I believe market are in the middle of correction and its happening because the BCH hard fork and hash war.

- I do not think so, Christmas and big holidays still have a bit of impact on the bitcoin because we can see this effect very clearly on Christmas last year and celebrate the New Year, the value of bitcoin is often pumped very strongly before these holidays come. The cause for this is that everyone wants Christmas and the New Year will have good things, more money and of course, whale groups are no exception, they also want to be more profitable then comfortable in the holidays, that made them work together to push the price of bitcoin up

[tranle1267]

Christmas people are busy prepare for decorate the house, buy something, and new year, so they need a lot of money to prepare everything, thus they sell some bitcoin they hold and get more money, so the price of bitcoin reduce deeply and need more time to rise as last year.

[Ethan Argu]

Christmas season affects bitcoin's price because its demand. The more people can make golds and mining the bitcoins popularity and profit affects the industry. These 2018 the price of bitcoin is slows down and plactuates to its slower movement of price increas.