BTC price coming down

[MatTheCat]

Its just a regular pump-and-dump. You must be new here.

U joking...people here with 1000 + posts that rountinely come out with hair brained shite like that.

[Shinpako09]

Who knows, for me the current floor price will last until in the first week of January or in the first month of the year rather until the price will make a big move again.

[Newcoins2020]

Either way it is positive.
When it goes down more, it gives me a chance to buy some cheap btc.
If is goes up, well then i can sell my coins.

[The Sceptical Chymist]

I don't think it's vendors selling received bitcoin and I don't think it's necessarily people selling bitcoin to buy gifts.  What we're seeing is randomness, and you're all trying to assign a cause.  I don't think it can be done. 

[Moneyburner]

It's a normal market trend, it can't just go up forever without some down swings at some point. 

If you can't handle a 10% or so drop go invest in the NYSE

[RyNinDaCleM]

I don't think it's vendors selling received bitcoin and I don't think it's necessarily people selling bitcoin to buy gifts.  What we're seeing is randomness, and you're all trying to assign a cause.  I don't think it can be done. 

*by you

[Pab]

Stay cool.Bitcoin price is keeping 420$ level.There is no sell off from China side It is just usually day trading

[gurre]

In the middle of January will be 550dollars or 550€ but the point is that there is someone mining AS A HELL at the moment and not doing this for selling, it's just to secure few bitcoins before halving...March maybe 650€/dollars and just before halving we can see new record coming because of HOLDS...then a small drop and holders can buy their coins back from desperated people.

[Odien]

Btc price coming down probably people are selling btc to get money for holidays right ?

Probably... People need holidaying money...

[avw1982]

Who knows, for me the current floor price will last until in the first week of January or in the first month of the year rather until the price will make a big move again.

In Europe countries most of the people are Engage in parities and enjoyment due to holidays. After holidays It will start increase gradually. As like that we can’t see big bump in January and all. We can expect good rate in the month of june.I guess halving also gonna occur on that time only.

[pitham1]

A lot of people believe it is China driving the price.
Maybe people are getting rid of their extra coins after getting the best deals during Bitcoin Black Friday. 

[Dr.Osh]

Well, you're right, maybe they compete to sell bitcoin that they had to prepare for the New Year holiday, but take it easy, then maybe the price will go up again, because they will start searching and mining bitcoin again 

[safari88]

Btc price coming down probably people are selling btc to get money for holidays right ?

It is true. I also do it sell btc to go on holiday. but I'm sure after the holidays end price will go up.

[Tadblt]

Who knows, for me the current floor price will last until in the first week of January or in the first month of the year rather until the price will make a big move again.

I have the similar feeling. The price is stable at the moment. But that is just a preparation for future rise.

[randy8777]

A lot of people believe it is China driving the price.
Maybe people are getting rid of their extra coins after getting the best deals during Bitcoin Black Friday. 

it is indeed china that is driving the price. they are responsible for the majority of the demand. i think china's market share in bitcoin will only grow and grow. we can't do much about it.

[Tadblt]

A lot of people believe it is China driving the price.
Maybe people are getting rid of their extra coins after getting the best deals during Bitcoin Black Friday. 

it is indeed china that is driving the price. they are responsible for the majority of the demand. i think china's market share in bitcoin will only grow and grow. we can't do much about it.

Most of the mining operations are based in China because it has advanced chip design technology and manufacturing power and cheap electricity.

[sishendaoye]

A lot of people believe it is China driving the price.
Maybe people are getting rid of their extra coins after getting the best deals during Bitcoin Black Friday. 

it is indeed china that is driving the price. they are responsible for the majority of the demand. i think china's market share in bitcoin will only grow and grow. we can't do much about it.

Most of the mining operations are based in China because it has advanced chip design technology and manufacturing power and cheap electricity.

Yes and that's the reason why they control the network.
Also they have the most to gain with a high price, so i am sure they are behind every pump we have seen so far.

[traderbit]

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

If price come down then it's good for faucet owner

If the faucets owners buy bitcoin through fiat then it is the same, but the reward is less in bitcoin but the same value as before.

[quadriple7]

yes the price is going down to small numbers, i doubt that it will stop dropping if we will not decide on whether we want to have bigger blocks or not, lets hope everything will be solved as soon as possible and everything will be good

[n2004al]

Btc price coming down probably people are selling btc to get money for holidays right ?

As for me are mainly and in big amount only normal movements of the price of bitcoin. Maybe a little affected by the celebrations but I think that such impacts are very few. The main (almost totally) factor in the change of price in such amounts, for me, is the volatility of the bitcoin itself. We are facing these days of January "big changes" on price which followed the "testament" of Mike Hearn. And bitcoin was went down only for about 80-90 us dollars. Then stopped and begin the recovering. If such "speech" (full of fatalism which raised big fear at the beginners) from an ex core developer of it is able to cause only this kind of "earthquake" the celebrations can be told that don't affect at all its price. To not speak for the "Harvard guy" which make its testament at Washington Post and had any kind of effect on its price.