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