BTC Price Selling

[Wysi]

This is an usual phenomenon wherein most of us sell off bitcoin for vacations but this might be a dump from whales as well to make it look natural at this point of time and honestly we have no other option rather than either selling off and buy at lowest or to wait until market receivers. 

[kolonel_x]

Don't be worry too much and yes it is normal price fluctuation. There are may so many possible reasons why it happens but can't pinpoint the specific one. It may dump for now but the time will come that dump will stop and will climb up again. It's just a cycle. Let the late adopters join the ride.

Yes indeed this is just normal fluctuations and don't panic too bitcoin now they have started and will not touch $ 6500 but we will continue to monitor the current market because the increase could have started when the dump had already occurred.
It is my hope to continue to buy bitcoin when prices are low like this.

[vintages]

Let's stop attributing the price dump to one event or the another. I just don't understand why people do this, I guess it's their way of comforting themselves for the price dump. yet it makes no sense.
People could be selling out of fear because they somewhat expected December to rain money but was disappointed.

[wheelz1200]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense.  Will some people sell a little change to get some extra fiat for the holidays, maybe.  But that would be so small, otherwise you would see a yearly selloff.  This probably has something to do with that scam token sell off.  Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

[Reid]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Yeah, it looks that way.
Holidays are coming. Spending money will be the most done of all.
Christmas and then the New Year's Eve. That will be a lot of food and gifts for good luck and lot of bounties for the Year 2020.
It cannot be stopped, even with the low price of bitcoin they might still sell it.

This might not be the normal fluctuation of bitcoin now but more on the high amount of sell.

[ultrloa]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense.  Will some people sell a little change to get some extra fiat for the holidays, maybe.  But that would be so small, otherwise you would see a yearly selloff.  This probably has something to do with that scam token sell off.  Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

I wonder where they get that Idea since it never get any sense to have a conclusion like that since I think those scenario is not related why the price goes dump right now. But actually  I am thinking about the market upset right now and this affect the feelings of new investors including the other whales to buy up some bitcoins that's why we experiencing more sells and low buys right now.

[sunsilk]

Let's stop attributing the price dump to one event or the another. I just don't understand why people do this, I guess it's their way of comforting themselves for the price dump. yet it makes no sense.
People could be selling out of fear because they somewhat expected December to rain money but was disappointed.

This is a normal take for someone who's looking into his investment that starts to go down in value. We always see this kind of take everytime the market dumps and it's already a scene that's no longer new.

You just have to understand them and now that the market has recovered quickly, you won't hear anything from them because the storm has finally calmed down.

[wheelz1200]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Peoe are not selling bitcoin because of the holiday that doesnt even make sense.  Will some people sell a little change to get some extra fiat for the holidays, maybe.  But that would be so small, otherwise you would see a yearly selloff.  This probably has something to do with that scam token sell off.  Chain analysis followed a lot of it to OTC desks so I imagine yep that is mostly the reason, which makes me bullish

I wonder where they get that Idea since it never get any sense to have a conclusion like that since I think those scenario is not related why the price goes dump right now. But actually  I am thinking about the market upset right now and this affect the feelings of new investors including the other whales to buy up some bitcoins that's why we experiencing more sells and low buys right now.

It's all just regular market forces.  Whales will play games, we will experience uptrend and downtrend all the time.  Sometimes there is just no rhyme or reason why people are selling or buying.  It just is what it is at that time in the market lol.    take advantage of it

[bitzizzix]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

Yeah, it looks that way.
Holidays are coming. Spending money will be the most done of all.
Christmas and then the New Year's Eve. That will be a lot of food and gifts for good luck and lot of bounties for the Year 2020.
It cannot be stopped, even with the low price of bitcoin they might still sell it.

This might not be the normal fluctuation of bitcoin now but more on the high amount of sell.

It is possible that that is the reason and because the choice has been made even though it is difficult because both are very important for those who celebrate it, so inevitably they have to use it or sell it even though it's cheap.
but if their smart users don't depend too much on bitcoin to celebrate Christmas or whatever the reason, and if they have to use it only as needed and not spend it.
but there is no possibility that is the main reason because not everyone celebrates Christmas.

[acdc]

In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

[wheelz1200]

In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

Again that is definately not the case.  Bitcoin price doesnt raise and fall based on holidays or anything that's just silly to believe that.  Otherwise every year short bitcoin in october and then long it in december.  The volume is too large for "holiday" selling to be a significant change in price.

[Desscount]

In the cryptocurrency market, it is perfectly normal for the price to rise and fall, the price will increase when many people want to buy and decrease when people want to sell. I think this discount is due to the impact of the Christmas holiday, people need money to buy food and gifts.
Stay calm, prices will recover by early 2020.

mean the main reason Bitcoin will go down is before Christmas?, isn't everyone going to buy bitcoin to be a Christmas gift? Last year was like that too

[pixie85]

OP is asking some valid questions and at the same time showing us why we shouldn't panic. Panic comes from uncertainty and even OP doesn't know if Bitcoin is losing market value because of some ponzi dump or miner capitulation. Maybe it's people selling for Christmas and maybe it's tax year ending?

In times like these you should understand that others feel just like you. Don't know what's up and think that maybe it's better to sell because so many things threaten Bitcoin, but nothing really does. Some ponzi selling or people buying gifts is not a threat. It's an opportunity.

[alexsandria]

Man I know how irritating the market now. But let us give space for this Christmas season, no need for us to hold back as this is the season of exchanging gift, giving some stuff out there. And I know you do the same thing but someone ain't have nothing for them to earn money out there besides to crypto currency. Anyway, market is going to take back sooner or later, let us just wait.

[AliMan]

Man I know how irritating the market now. But let us give space for this Christmas season, no need for us to hold back as this is the season of exchanging gift, giving some stuff out there. And I know you do the same thing but someone ain't have nothing for them to earn money out there besides to crypto currency. Anyway, market is going to take back sooner or later, let us just wait.

Don't get irritated with it mate, have patience and emotional control or you can buy additional holdings to accumulate the balances. By the time it it grows bigger in value, you'll be able to get good profit in return. For now, I would suggest to do long term holding instead of dumping your asset at very cheapest value.

[piebeyb]

the bitcoin sale price took place and it only played low at $ 6500 and back again above $ 7000, I often say this is actually the price down not because of the miners or because of the scam ponzi project case, but because the price will continue like this and will continue play above $ 7,000 and fall only in the area of the lowest $ 6500 price or could reach $ 6000 or $ 5500 this event will continue to repeat until early next year, the price will not be under $ 5000

[samcrypto]

Man I know how irritating the market now. But let us give space for this Christmas season, no need for us to hold back as this is the season of exchanging gift, giving some stuff out there. And I know you do the same thing but someone ain't have nothing for them to earn money out there besides to crypto currency. Anyway, market is going to take back sooner or later, let us just wait.

On this season its good to give thanks to the giver of everything, and share our blessings despite of many challenges we have encounter this year, btc price goes down because it is meant to be like this. We don’t need to panic, it wont go down lower than $3k because its already the bottom, trust bitcoin and trust time good things will come.

[ultrloa]

Man I know how irritating the market now. But let us give space for this Christmas season, no need for us to hold back as this is the season of exchanging gift, giving some stuff out there. And I know you do the same thing but someone ain't have nothing for them to earn money out there besides to crypto currency. Anyway, market is going to take back sooner or later, let us just wait.

On this season its good to give thanks to the giver of everything, and share our blessings despite of many challenges we have encounter this year, btc price goes down because it is meant to be like this. We don’t need to panic, it wont go down lower than $3k because its already the bottom, trust bitcoin and trust time good things will come.

Yeah it's good thing to trust up but how long you can hold your trust if you see the dumping happening on the market? For sure those positive thoughts will be erased and it will be replaced by fear of losing your funds so the best thing we could do on dying market is to do a short trade so whenever there's a pump happening and halving will effect then we can assure that we get more volumes since we do a wise trade when market bargains are placed.

[justdimin]

Selling before the holidays is not a made up thing, it is a very very old thing in the stock market world. In wall street everyone knows that the moment you get into a new year is the moment you start from fresh and try to get as many customers as you can that you either previously had or you know other companies had but now free agent. Why do they work that hard start of every year? Because, people sell their stocks and use it for stuff like Christmas, Halloween, thanksgiving and whatever in between which all costs a lot of money to everyone around the world.

There has been couple years where November-December period was bad so people assumed the same thing that hurt stock markets might be hurting bitcoin as well, it is possible, we don't know if that is the problem for sure and we can never know it but it looks like it could be a similar issue.

[karanggatak]

Well, we can't stop the price from going down, or investors selling this precious bitcoin because of the holidays.

Are you referring to this article? PlusToken Scammers Didn’t Just Steal $2+ Billion Worth of Cryptocurrency. They May Also Be Driving Down the Price of Bitcoin. The article came from Chainalysis, so I don't know if it has weight or something. Still up for us to decide, but basically the price is base on supply and demand tho.

yes I agree with you in the end that determines the rise and fall of the price of bitcoin is demand and supply. and usually when this is the end of the year people need a lot of money to celebrate Christmas and the new year so some bitcoin holders will sell their bitcoins. that's why at the end of the year like this the value of bitcoin tends to decrease. because bitcoin supply is more than demand. so in my opinion the price of bitcoin until the last day of the year will be at $ 7k.