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mammon
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December 26, 2015, 05:49:38 PM |
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It's obvious that some Big Boys are manipulating the price over and over again  Just making a lot of money when pushing the price back and -GREEDY- doing this over and over again. (Check the last 6\8 months, happens over and over...) I think they spoke each other yesterday and "created" this dump while most people are with family and having a nice Christmas. No, these are the moment those greedy bitches will act, as you can see! And they will not stop doing this. Too bad for the small Bitcoin users, because they put a lot of effort in getting -some- BTC and seen there worth (very) rapidly melt. They get disapointed, sell there coins and leaving BTC and not coming back. Still wondering why BTC won't get Mass acceptation? A lot of "problems" are coming from these forms of greed... Mammon  |
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Junko
Legendary
 Offline
Activity: 1512
Merit: 1000
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December 26, 2015, 06:45:34 PM |
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Boxing Day/After Christmas Sales, people gearing up for New Year's Eve celebrations, others need money for going on holiday over winter vacation or entertaining guests from out of town and a whole myriad of other holiday expenses.
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Yogafan00000
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December 26, 2015, 06:49:59 PM |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
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1YogAFA... (oh, nevermind)
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richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
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December 26, 2015, 06:55:04 PM |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall. |
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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December 26, 2015, 06:57:59 PM |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall. Hypothetical scenario: You have faith in Bitcoin and give other people Bitcoin. They are scared or broke-ass bitches. They say thank you and dump right away because they only have a short term vision. |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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The Sceptical Chymist
Legendary
Offline
Activity: 3318
Merit: 6796
Cashback 15%
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December 26, 2015, 08:09:41 PM |
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Because people are selling. Just like when it goes up, it's because people are buying  This is pretty much it I think. I don't think Christmas necessarily has anything to do with the price fluctuations. Unless some people are selling at the end of the year for tax purposes--that happens in the stock market. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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December 27, 2015, 08:47:22 AM |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall. because the first who is lucky to buy in the run up, will dump at the peak of that little run up, the other, those who bought at the peak are screwed as usual, but if they are intelligent they should simply hold for the next run up |
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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December 27, 2015, 08:54:25 AM |
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I believe in years to come people will be telling stories of how they had x amount of btc in 2015. They will then be asked why they aren't now rich as Bitcoin has now become widely used and therefore the price is very high.
This is when the idiot has to admit selling his btc due to making $chump change profit at xmas that year and not buying back in when they could.
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Odien
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December 27, 2015, 08:55:19 AM |
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I can see it dropping before Christmas as people want money for presents, but why has it dropped over the last 24 hours?
It's gone from £308 to £280. It looks as if it might be a good time to buy.
Yeah. Very good time to buy indeed. |
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Epicnicity
Member
Offline
Activity: 110
Merit: 10
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December 27, 2015, 12:06:02 PM |
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Because it's Christmas and people need fiat to buy gifts and such. They are spending more money than they are holding.
It's a holiday so I expected this already.
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Denker
Legendary
Offline
Activity: 1442
Merit: 1014
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December 27, 2015, 12:26:26 PM |
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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down
Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall. Hypothetical scenario: You have faith in Bitcoin and give other people Bitcoin. They are scared or broke-ass bitches. They say thank you and dump right away because they only have a short term vision. So regarding your case it's better not to give away any Bitcoins for free, at least bigger amounts. Well imo it depends how much Bitcoin you give to somebody.For instance 0,01 Bitcoin is not that much, but it can demonstrate how easy and beneficial it can be to use Bitcoin compared to bank transfers, paypal, WU or MG for instance. |
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BlackPanda
Legendary
Offline
Activity: 1414
Merit: 1001
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December 27, 2015, 01:28:32 PM |
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The only impact of the Christmas holiday. yes the price will go up after Christmas (exactly at the end of the year in 2016) I was very sure about this.
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MyBTT
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December 27, 2015, 01:30:08 PM |
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Bitcoin's price is still trying to stabilise. It has been going up and down for a while. I think the price will go up in 2016 though.
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n691309
Legendary
Offline
Activity: 1526
Merit: 1001
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December 27, 2015, 01:44:13 PM |
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The drop of value of bitcoin can be because in most of the cointries it is holiday and people are not much interested in bitcoin.
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jt byte
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December 27, 2015, 07:12:37 PM |
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There is no logic explanation published so far.
My presumption is that some kind of action triggered panic selling and the other exchanges followed this dip.
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defaultking
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December 27, 2015, 07:24:19 PM |
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No idea. Like others have said maybe a lot of people selling to pay off there debts after christmas. Maybe because with Christmas other things have taken priority (spending time with families) so buying has slowed. Maybe news of who satoshi was suspected to be had blown over and also slowed down people's interest in bitcoin.
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sishendaoye
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December 27, 2015, 07:42:56 PM |
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No idea. Like others have said maybe a lot of people selling to pay off there debts after christmas. Maybe because with Christmas other things have taken priority (spending time with families) so buying has slowed. Maybe news of who satoshi was suspected to be had blown over and also slowed down people's interest in bitcoin.
Debts or forced selling because to pay of debts before the end of the year. From reading the threads here i see a lot of people are fearfull for the future and to be honest i am a little bit worried too. |
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stoat
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December 27, 2015, 08:01:34 PM |
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There is no logic explanation published so far.
My presumption is that some kind of action triggered panic selling and the other exchanges followed this dip.
The logical explanation is retailers who accepted bitcoin are cashing out into fiat after the christmas sales period. Retailers cashing out always hurts the bitcoin price. Businesses need to keep bitcoin as bitcoin. And bitcoin consumers need to be careful about spending btc with businesses who convert to fiat. |
| FREEDOMRESERVE | Free currency for the British Isles
Visit our website for more info
<-- Click here! | | FREEDOMRESERVE By the People and for the People |
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Altynbekova
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December 27, 2015, 08:17:37 PM |
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I heared some people were selling to pay of yearly debts. Maybe some people want to sell bitcoins for tax reasons.
Fact is the price dipped and, we have to focus on getting it where it is now.
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Newcoins2020
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December 27, 2015, 10:26:08 PM |
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There is no logic explanation published so far.
My presumption is that some kind of action triggered panic selling and the other exchanges followed this dip.
The logical explanation is retailers who accepted bitcoin are cashing out into fiat after the christmas sales period. Retailers cashing out always hurts the bitcoin price. Businesses need to keep bitcoin as bitcoin. And bitcoin consumers need to be careful about spending btc with businesses who convert to fiat. This sounds like a legimate reason. Altough why would they do it on christmas day? Wouldn't it better to enjoy christmas with family and then sell it today? I believe hat some big whale also decided to sell his coins. |
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