Is it possible people have traded their crypto currencies for World Cup ?

[Azima85]

I don't think this has any effect..same as when people talked about chinese new year..then US tax season..bla bla bla..some people even mentioned muslims selling their crypto during Ramadan. Enough trying to find a reason for the market going down. It's going down because it's going down, that's the nature of markets.

[1714890926]

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[kevoh]

World Cup is on going and people are always having fever of football when it comes to the World Cup. The biggest game of all time and millions of fans around the world.

In such period betting comes very handy and people are always looking forward to earn huge bucks from it. No matter what I believe that those who were already in the Crypto Currency they might have exchanged their funds into the fiat currency.

I honestly think that people interested in football are usually not the same people that are interested in bitcoin. 

Then you are thinking 'wrong'. I am a big football/soccer fan and an avid supporter of the Chelsea FC, yet I am quite interested in bitcoin and every other thing that is crypto-related. I placed a few bets on 1xbet, who happen to accept Bitcoin deposits, during the group stages of the World cup. How you came up with this conclusion is beyond me.

Back to the topic, I do not see any correlation between Bitcoin's downward trend and the World cup. Stop trying so hard to spin stories for an obvious bearish market that started way before the World cup.

[salamonKK]

I believe that the World Cup did not affect the price of the cryptocurrency. Now people do not actively use cryptocurrency for sports betting. Most likely, the market was affected by the recent theft of large stocks of cryptocurrency.

[barsharkol12]

i think is not possible. but maybe in the field of betting or gambling who will be emerged in the FIFa world cup. And aslo it will not affect the market in cryptos. and also it depends on the holder if he wants trade their cryptos for  FIFA world cup

[Fundalini]

That is very unlikely. The chances that a football fan is also a cryptocurrency holder/enthusiast/trader is low. If it weren't the case, it still wouldn't be enough to affect the market even if they sold their bags.