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Author Topic: Do you think the Xmas and Holiday season, caused the drop in the price?  (Read 670 times)
shahani
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January 11, 2018, 09:50:51 AM
 #221

I think christmas and holidays season are also a reason why price  of bitcoin decreasing because there are people busy on buying some goods for preparation and gifts for their family and friends. Many bitcoiner are selling their bitcoin and turn into cash money on holiday season. That is why bitcoin price will also down.
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julzcoinbit
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January 11, 2018, 10:33:37 AM
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I think christmas and holidays season are also a reason why price  of bitcoin decreasing because there are people busy on buying some goods for preparation and gifts for their family and friends. Many bitcoiner are selling their bitcoin and turn into cash money on holiday season. That is why bitcoin price will also down.
I guess so, that's also what I observe in the coin market that bitcoin is dropping price when the time of Christmas holidays or even some holidays season. But nowadays a heard about the news in Coindesk about South korea,
reportedly crackdown of crypto exchanges due to investigation into alleged tax evasion. This is really make the market of bitcoin currency suddenly down because South korea is the second most high exhanges in the market.

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January 13, 2018, 06:17:51 AM
 #223

Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.
We can see this effect during weekends also. The price of Bitcoin falls more on holidays than the usual working days. Indeed those who are doing trading are aware of this fact that on Saturday and Sunday, big investors do not play on the stock exchanges.

Holidays are one of the factors that affect not only Bitcoin but all the crypto currencies. Actually, Christmas has laid a very big impact on the price of Bitcoin.



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