xmas = volatility

[PersianCoffee]

Anyone who has done trading for a few years knows that when the Christmas holidays come, the markets drop in volume allowing rogue traders to move the market without too much effort.

So be ready for some market manipulation in the coming days, there may be some volatile swings, but it wont be a crash or a spike - it will be individuals trying to move the market - corrections will occur within hours if people dont start to panic.


If you DO start to panic just remember one thing - always be hodling. 

[Wilhelm]

The reason for volatility is simple.
Somebody probably asked Santa for cheap coins. Santa will probably try to make coins cheap before buying them driving the market downwards. Once that person is given the cheap coins they must go up because otherwise the coins weren't cheap

[zoinky]

So its just another day in the world of Bitcoin?

[PersianCoffee]

The reason for volatility is simple.
Somebody probably asked Santa for cheap coins. Santa will probably try to make coins cheap before buying them driving the market downwards. Once that person is given the cheap coins they must go up because otherwise the coins weren't cheap

So what happens if many people have asked for coins?

[Wilhelm]

The reason for volatility is simple.
Somebody probably asked Santa for cheap coins. Santa will probably try to make coins cheap before buying them driving the market downwards. Once that person is given the cheap coins they must go up because otherwise the coins weren't cheap

So what happens if many people have asked for coins?

The price will plummet and go sky-high again ofcourse cos Santa has infinite fiat moneys

[Dafar]

It sucks... i won't have any fiat to put into bitcoin until the 30th

[shackleford]

http://www.youtube.com/watch?v=uI4fVgVVpiw

[NUFCrichard]

Low volume = high volatility. If china released bad news and America wasn't online to buy, it could get messy