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Author Topic: Do you think the Xmas and Holiday season, caused the drop in the price?  (Read 754 times)
jonatuzc
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January 13, 2018, 06:17:51 AM
 #221

Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.
We can see this effect during weekends also. The price of Bitcoin falls more on holidays than the usual working days. Indeed those who are doing trading are aware of this fact that on Saturday and Sunday, big investors do not play on the stock exchanges.

Holidays are one of the factors that affect not only Bitcoin but all the crypto currencies. Actually, Christmas has laid a very big impact on the price of Bitcoin.


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January 20, 2018, 12:15:17 PM
 #222

I think yes because many of people need to sell their Bitcoin for the Xmas celebration but Bitcoin price will rise again in this january because many people back to working in Bitcoin
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January 21, 2018, 04:24:53 AM
 #223

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

Maybe this one of the cause,but not totally at all,because holiday season is only a small part of once a year  to celebrate and some of people or bitcoiner needs a fiat money to expense to buy a gift ,foods and other  wants used for the holiday season thats why its drop down its value price a little.but this things happen now in dropping the price into 13$ due to panic selling of bitcoin and altcoin stocks of some bitcoiner in  south korea  due to implementing ban in there country.

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January 21, 2018, 04:58:48 AM
 #224

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

Some people would probably convert some of their bitcoin because of the holiday. However, maybe the real reason why bitcoin drops is that some people panic whenever price drops, and it goes on with some people.


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January 21, 2018, 06:45:37 AM
 #225

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

Some people would probably convert some of their bitcoin because of the holiday. However, maybe the real reason why bitcoin drops is that some people panic whenever price drops, and it goes on with some people.
the first thing to take into account is the fact that the price was due to the fact that at the end of 2017, Bitcoin fork was planned to be quite large and this served to increase the demand for crypto currency. Perhaps if such plans are in the future, then huge growth is also not ruled out.

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January 30, 2018, 04:07:01 PM
 #226

All the sharp fluctuations in the exchange rate are created by people with large wallets. It is understandable that they deliberately crush the market to buy at a minimal price. As they say "Cut hamsters"

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February 23, 2018, 09:45:54 PM
 #227

I do not think so, because not everyone will attract bitcoin on holiday just for the spree, most of them will hold it until the end of the year waiting for the price spike.
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February 23, 2018, 10:21:09 PM
 #228

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

There is no relevant  between the dropping  of the price and holiday season,actually the main reason of dropping the price value consecutively due to the correction of the value of the bitcoin in the market,and panic, selling of some  investor ,due to banning the cryptocurrency into there country and the implementation of china into there new rules to not  pleasing some foreign country ICO platform,because they want to make there own.

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February 24, 2018, 07:46:42 PM
 #229

There is no relevant  between the dropping  of the price and holiday season,actually the main reason of dropping the price value consecutively due to the correction of the value of the bitcoin in the market,and panic, selling of some  investor ,due to banning the cryptocurrency into there country and the implementation of china into there new rules to not  pleasing some foreign country ICO platform,because they want to make there own.
There is usually a correction during the holiday season,it is nothing new,but the correction we are facing right now is not because of the holiday season,it is simply because the price has shot up really high in a short period of time and expect the market to settle down after all those rallies we had as you cannot expect every coin to move up all the time and since there was a big rally ,all of the countries around the world are trying to implement rules and regulations and expect the market to move accordingly.














 

 

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April 22, 2018, 08:26:52 AM
 #230

The stock market or bitter markets are weakly traded by the extended Christmas holiday. Every season is the same, so it's true.
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April 22, 2018, 10:57:35 AM
 #231

I find that I and many of my friends do not withdraw money from the account on the Christmas holiday. And so, I think this holiday has nothing to do with the market.
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April 22, 2018, 11:01:36 AM
 #232

I thin it is no issue on christmas , but to those whales holding it.
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April 22, 2018, 11:22:26 AM
 #233

Personally i did withdraw last xmas to spend in a out of town vacation,same as my friends because they know thay by January price of bitcoin will drop ,specially in last part of december when the price reached the unexpected growth of $20,000 ..maybe in some ways this affects the market since i know in asia many withdrawals happening in every occation

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April 22, 2018, 11:51:34 AM
 #234

Buy bitcoin for long-term investment, not to profit to spend Christmas. It is funny if someone thinks that Christmas is the reason why the price drops.
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April 22, 2018, 11:57:15 AM
 #235

There is no exact season when we can accurately say that the value of bitcoin will increase or decrease.
And do not withdraw entirely your bitcoin earnings just to buy gifts for bitcoin! Manage it efficiently for maximized profit in the long run.
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April 23, 2018, 08:57:35 PM
 #236

Buy bitcoin for long-term investment, not to profit to spend Christmas. It is funny if someone thinks that Christmas is the reason why the price drops.
Right price of bitcoin is not about any seasons as price increase and decrease only with the demand of bitcoin in market nothing else has the effect on bitcoin price, as Christmas is about but it has not such strong effect for price drop infect people will use bitcoin to buy gifts for love one so I think this Christmas price will increase higher instead of dropping. So hope to see it rising and think positive about future of bitcoin.
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April 23, 2018, 09:18:40 PM
 #237

Sounds logic, but I personally would not use bitcoin yo spend it on y daily or common things, it is not as common as my daily expenses, so I wont dump, lol!

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April 23, 2018, 09:34:51 PM
 #238

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?
Maybe it happen but I think in every occasion is not related to the crypto market or holiday is not the reason why sometimes the market is bloody because theres a lot traders have smart mind. Maybe some weak hands did not take it anymore that's why they sell their coins.

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April 23, 2018, 10:20:29 PM
 #239

As I can see the bitcoin chart I could say that yes it one reason why it is dropping down. I saw the past years bitcoin chat when we have a big events such as holiday like christmas and new year the price of bitcoin fast crashing down.
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April 24, 2018, 04:59:41 PM
 #240

yes i think because when holiday or before holidays, we people need money so we can do relax. to do that, we need to have money. and all our investment and earnings in bitcoin is available for that. so some people withdraw their money to use and invest later when they do not need it again.
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