Is market down due to Eid of muslims?

[candy69]

I think that the downturn market has nothing to do with the Muslims celebration of Eid. The primary reason of the market falling is due to the governments negative attitude towards bitcoin and cryptocurrency in general.

[ambisyon]

I really don't agree with the subject thread topic, it's nothing to do with a Muslim celebration of their festivity regarding any market drop of crypto currency. This bear market are just part of the adjustment period of cryptocurrency where it can happen at any time or any day due to the volatility of cryptocurrency.

[doraegun]

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

For additional information to newbie,  organization or religion will no longer connect to bitcoin so all changes and transformation of price of bitcoin is not because of that celebration. try to research in different site like google and you tube about  bitcoin and also her in bitcoin forum you learned a lot about  the good benefits of Bitcoin.

[Ronaldcoin2017]

I think that the downturn market has nothing to do with the Muslims celebration of Eid. The primary reason of the market falling is due to the governments negative attitude towards bitcoin and cryptocurrency in general.

Yes i agree on that we cannot put the blame on EID Muslims. Because the bitcoin price is not depending on any celebration or anything else on our community. It depends upon the volume of the investors and investors is  depend on the bitcoin feedback so then if we can see that the price is now falling I think it is all because of some negative issue on the feild.

[xfaqs01]

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

what on this world did that question came, of course not! i dont see any connection to that, this price drop sure has a lot of factors to consider but its not because of eid.

[Lazada]

I actually feel that ied makes Bitcoin prices stability and even tends to increase. after the last week happened-price decline then the current price has started to show a positive thing. During the holidays this time also turns out a lot of Bitcoin transactions, it seems there are many withdraw against FIAT. I am optimistic after this long holiday then Bitcoin price will be able to increase again.

[StokaySatoransky]

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

You have a good argument. however, did you study about this? I mean before you take a suspicion you need to back up your argument with data. So, where's your data now?

[crypto360]

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

You have a good argument. however, did you study about this? I mean before you take a suspicion you need to back up your argument with data. So, where's your data now?

Check my other replies to this thread you would find the data

[yuni52]

I think the price drop has nothing to do with ied mubarak, please read the clarification why the bitcoin price goes down, please do not discuss religious issues here

[Markettoken]

very imposible Idul fitri be the reason for the decline in the price of bitcoin because when Idul Fitri all the goods even more expensive and actually up and down in the world of commerce it is very ordinary even has become like the right and left

[CoinstarF]

The current drop is nothing to do with the Muslims its more on the manipulation of the whales. Let’s not connect every event to the fall of bitcoin or any other cryptocurrency remember that this market is drive more on the negative news and the weak emotion of a new investors.

Let's not put any doubt to the Muslims Eid, we all know that bitcoin is volatile and many have trusted here why should we make anything that can make it rise and the whole users can benefit in here I know there's people hiding behind to have a kind heart and stop thier manipulation.

[bp124]

this is really funny but in as much as we have muslims in this forum i don't think they are the cause of the fall in price of bitcoin. Cryptocurrencies are volatile so the fluctuating price of bitcoin is expected at some point in time.

[longwintershere]

With Eid just around the corner across the globe...

Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?

I'm sorry but that is ridiculous. People usually don't store the money in bitcoin they would need to use the buy the gifts, also I don't think bitcoin is big in Muslim world.

[9emb3lelit3]

I think the crypto currency market has fallen before EID MUBARAK. And the decline in Bitcoin prices has nothing to do with EID MUBARAK. The fall in the price of Bitcoin in my opinion because of the increasing number of issues or bad news that is not good for this Bitcoin, which causes the decline in Bitcoin prices. And this for me is a natural thing with the fall and rise of the crypto investment market.

[Al-Geron]

why ied mubarak linked to the fall of bitcoin prices, before its coming ied mubarak bitcoin prices have gone down, maybe its a lot of news tilted so bitcoin down, or just maybe many parties holding the price of coins make bitcoin be very step it also can make the price fall

[bitfocus]

so, you are spreading some conspiracy theory that affects two communities 1) bitcoiners 2) Muslims - please try to understand that your freedom of speech must not hurt anybody. If it does, it's not a freedom, its a crime. Please try to grow up a little and act like a grown person.

[adhikari98]

There is no link between price of bitcoin going down  and Eid of Muslims. Arabian countries are already very much rich, Muslims residing there don't need to sell bitcoin to purchase gifts for their festivals and Muslims who live in poor economy countries cannot afford to buy bitcoin. So, without possessing bitcoin they cannot sell either. So, it is wrong to blame Muslims for the price of bitcoin going down in the name of festivals and purchasing gifts.

[bitbunnny]

I have to say that this is the one of the most stupid explanations about Bitcoin price dump that I've ever heard. Even more than any conspiracy theory.
Realy can't understand how you have found any connection between Bitcoin market situation and muslim religious celebration.
I would realy like to hear explanation how many muslims have sold how much Bitcoin exactly to influence the market to dump the price. Get serious!

[ubay]

Bitcoin has nothing to do with Eid. Bitcoin has decreased in price due to the balance of other coins because we know everything needs balance. Regarding bitcoin in banned on Google and Facebook is also a major factor about this price reduction, but it will not be not too long.

[tayecrypto]

I don't think  cryptocurrency market is connected to the eid of muslim they might be coincidence and I'm not surprised with the market now because my opinion this month will be dept.