predictions and speculations on the price of bitcoin and altcoin approaching Eid

[Getmon]

Eid is a big celebration in muslim community. But what people will celebrate i this crisis situation where lock down is extended. I thought going to my parents in Eid vacation but Govt don't allow traveling. As a result what people will buy from market and is there any money left for people to spend? Thought you have everything in Crypto but you can't spend. So, there is no demand in crypto like fiat market. At least we expect Bitcoin will not go down anymore.

Just because it is a big celebration in the muslim community does not mean that it is also a big thing to the crypto community. It does not even follow that since the Eid is coming it will prompt all the muslims to sell or buy as one. Religion is not a factor in the price movements of Bitcoin and altcoins. 

[mahilchii]

Though Eid maybe a large festival observed by a large portion of population, the Eid celebrating people have very little impact on crypto markets.
Many of them needs the approval from religious leaders to invest in crypto and most of them use it as a payment gateway than actual investment.

Exactly, people don't what to invest without knowing the real secret behind the crypto currency unless the religious leaders give a green signal for this. Also most of them are running out of money from the past two months as the pandemic is still hunting everyone so I guess there will not be any changes in the price.

[shoreno]

 what is an eid ? sorry to ask this coz i didnt know this term yet  but i believe you arent talking about the halving right since this post was only made recently and halving was already over   . depends if what is this eid all about , if it was related to btc then people wont sell btc but they will prolly buy more btc   . if its an altcoin event then they may sell thier btc and buy more alts   .  but for me , its not a wise move to sell your existing coin just to buy other coin for preparation because your other coin can perfrorm more better in the future .

[wozzek23]

What will happen about the price of bitcoin and altcoin before Eid? whether bitcoin and altcoin will reduce prices because of course there are many people who want to sell their assets in preparation for Eid, of course for those who want to celebrate, maybe even vice versa prices will rise at a higher rate, what will happen how speculation traders and investors think here?

People that are selling their coins, seriously what are they using it for? Or don't they have another money that is kept as savings that they can use to celebrate the Eid without having to sell their coins? If they do sell their coins then I don't know what's going to happen.

There has been a halving and the cryptocurrency market has been a bit up quickly after the halving. I am already looking forward to a bull from here. Although it's not going to be something that's going to happen immediately, it's still going to happen, even if it's next year, just like it did the last time when halving happened. But, if bull run happens around festival times then I guess that must be a great thing for many people but no one could do anything about that.

[Oasisman]

what is an eid ? sorry to ask this coz i didnt know this term yet  but i believe you arent talking about the halving right since this post was only made recently and halving was already over   . depends if what is this eid all about , if it was related to btc then people wont sell btc but they will prolly buy more btc   . if its an altcoin event then they may sell thier btc and buy more alts   .  but for me , its not a wise move to sell your existing coin just to buy other coin for preparation because your other coin can perfrorm more better in the future .

Eid is a muslim festival which was also called a Ramadan. I'm not sure what signifies it, but they will be fasting for a week I guess?
Honestly, I don't see any relevance to this event with the Bitcoin price. For sure, they won't be using cryptocurrency as a currency to celebrate their event. This is about religion not a computer science event. AFAIK, muslim countries hasn't engaged in cryptocurrency like the UK, USA,ang China did.

[carlfebz2]

what is an eid ? sorry to ask this coz i didnt know this term yet  but i believe you arent talking about the halving right since this post was only made recently and halving was already over   . depends if what is this eid all about , if it was related to btc then people wont sell btc but they will prolly buy more btc   . if its an altcoin event then they may sell thier btc and buy more alts   .  but for me , its not a wise move to sell your existing coin just to buy other coin for preparation because your other coin can perfrorm more better in the future .

Eid is a muslim festival which was also called a Ramadan. I'm not sure what signifies it, but they will be fasting for a week I guess?
Honestly, I don't see any relevance to this event with the Bitcoin price. For sure, they won't be using cryptocurrency as a currency to celebrate their event. This is about religion not a computer science event. AFAIK, muslim countries hasn't engaged in cryptocurrency like the UK, USA,ang China did.

They've already engage but on minimal aspect yet we know on how rich these countries specially on UAE or middle east ones.Same as you said i dont really see the relevance
on considering the aspect that it would give out significant impact on price if we do base up on Eid or another related things.Religion has nothing to do with investment even
if we do talk about traditional or into this crypto, its not really that connected at all.Come to think even that halving event didnt put that much traction.How much more
into this one?

[Ridwan Fauzi]

What will happen about the price of bitcoin and altcoin before Eid? whether bitcoin and altcoin will reduce prices because of course there are many people who want to sell their assets in preparation for Eid, of course for those who want to celebrate, maybe even vice versa prices will rise at a higher rate, what will happen how speculation traders and investors think here?

They won't ever sell their asset in loss situation, that is something that should you know. Indeed crypto currency prices will be affected by some event but I think not for religious rituals. Have you remember bitcoin/altcoin price when Christmas came? I guess no!

They will sell abd buy a bitcoin and altcoin depend on market condition and some information who related to them like its movement/development and some bad news against the coin. Just suggestion to you, become an investor you should be carefull to keep your asset, don't be tempted to the news which does not necessarily have an effect on the market.