Is market down due to Eid of muslims?

[Angna27]

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 think no, I monitor the market since last quarter, but the market is still low or red, so i think Eid of Muslim is not related to lower the value of altcoin. And I think many of muslim know about bitcoin, but again its not related to red the market. Market down because many of investor dump the market to buy more altcoin in cheap price.

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[ipanks]

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 think no, I monitor the market since last quarter, but the market is still low or red, so i think Eid of Muslim is not related to lower the value of altcoin. And I think many of muslim know about bitcoin, but again its not related to red the market. Market down because many of investor dump the market to buy more altcoin in cheap price.

yeah, it's not related and the market still down in a few weeks ago so it is not because of Eid. just be patient for a while and stay calm. I am sure that after this, the market will change into green and many new investors will come to the crypto. I think people still getting panic because, in the last week, the price is down for more and makes people selling the bitcoin to get their money back.

[DavidCallahan]

I will hold it till the value reached in the good position.

[titan20]

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?

Generally, I do not think it is serious to say that muslims are responsible for the decline of the crypto market. There are many reasons or prerequisites for the downturn in the market, but this is not one of them.

[MbakNarti]

I do not think it's a relationship with those who make Eid because that's their right if they want to sell all their virtual assets just like you want to buy a car but you have to sell your stuff just as they would sell all their stuff have to be able to make their family happy

[Cryptocb]

Bitcoin falling has been a serious thing in a coin market cap platform and other exchange, i think is not because of aEid Muslim, because bitcoin is still on session of investment to buy, not selling time.

[Chacon994]

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 do not think this is the reason why market prices have fallen in recent days. The rise and fall of the market is a normal thing that we see everyday. We must not blame the Muslims

[cech makey1]

I hardly doubt this is enough to affect the market value that much. Even if all muslim investors were to sell their crypto for gifts I'm not sure gifts would amount to that much. And also, I'm not too sure about other counties but over here muslims don't buy each other presents for eid, they gift  a little money to kids.

[sniper23]

Muslims are more likely to be used as a scapegoat on terrorism-related events.

This is the time that someone blames the for Muslims for cryptocurrency crash and their eid.

I don't think we need a scapegoat at this point. Like we already have one.

 All I can think is whales that are manipulating the prices.

[techte7]

While it may be flattering to the sizable percentage of the muslim coin holders that are out there to consider that their holiday spending would have an effect on the worldwide BTC market. Muslims in general do not have a culture of gifting like the westernized commercialized type of holidays. The only gifted holiday is limited to new clothes given to mostly children. Toys are not much of a traditional part, but you may find more for sale at this time. During Ramadan, they might splurge on making extra food. Another thing about the entire month of Ramadan is that everything slows, productivity and subsequently the economy. Even this slowing isn’t quite enough to make a blip in the cryptoworld. The Eid that I assume you are referring to is the one right after Ramadan, where the one thing they spend on, save for, and often struggle to purchase.. Is a goat to slaughter. So, in a sense you are suggesting that BTC is taking a dip due to the buying of goats.   

[jajanggsr]

well i think cryptocurrency market is not connected to the eid of muslim they might be coincidence and im not surprising with the market now because my opinion this month will be dept and there is no connection from the Eid of Muslims to the downtrend of bitcoin.  Just watch or study the indicators in the market. In addition,  this downtrend has started even before the Eid of Muslims,  it started wayback Chinese new year

[Romeotom]

Absolutely With due RESPECT, in my opinion no have related about Muslim eid day and about bitcoin price.bitcoin price failed already start in this year 2018. It's not new matter , coinmarketcap huge down in this year.

[mrmanyaks]

I do not think there is any relevance,
a small amount may have been withdrawn from the market for shopping, but it has not even affected

[HudiBaba@06]

I don't think Eid is the reason for the market going down. and we should not blame Muslims precious Eid festivity either. as EID is all about meet and greet among their families and friends and I don't think Muslim's would be just dumping their Bitcoin as it's their festival to gift their loved ones. and moreover market has its own terms which we cant predict on what perfect timing the market is going to fall. So, there might be a big dumping of Cryptocurrencies done right at that time which we should not mistake Muslim's and their precious festival EID.

[Sarastiche]

I believe strongly that the market correction of  is still ongoing, the effect of the  EID celebration is just a minute effect on the market, thou festive season such as the china festival, christmas and the new year festival always have a major downward effect on the market, this is mainly because the season always fall to the end of the year and everyone globally always take out time for holiday, travelling and celebration, We are sure to experience the bullish raid soon.

[bering]

the market of cryptocurrencies were never sleep even it's holiday or not and bitcoin users not dominated by moslems people because the people who use cryptocurrencies are come from various religion with various countries so in my view there is no related between downtrend situation and big day from moslem people

[lutfor]

No it's not true at all. Bitcoin price was down from long time ago. So in this sense there is no relations between bitcoin price & Eid. On the other hand price up down is a part of our daily cryptos life. So there is no problems & it's normal situation. I hope bitcoin price will recover it's previous figure within very short time.

[eolitic]

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?? what are you talking about? do you think it's funny or clever? religion is far from crypto, unfortunately stupidity and disrespectful behavior is everywhere.

[daturit]

I think the market turns red in the last few days is not caused by it, maybe FUD is the main cause
Some mainstream media horrendous public by creating FUD from little cases like Coinrail Hack and the investigation of four major cryptocurrency exchanges, new investor confidence is broken because of this FUD and panic selling

[maxreish]

I don't see any connection with the "Eid" of our muslim brothers and sisters around the world why bitcoin price go down,  one big reason why bitcoin value in the market collapse, because of the bad news coming from various countries about it.