Christmas is coming, but the price drop quickly

[Q7]

Some big whales dumping huge amount of coins to get fiat to buy his/her most expensive Christmas gift? Seriously I can't think of any good reason, but what I say here doesn't mean it makes no sense. I mean it's possible, right? 

[rogerdonkey]

slowly prices rise before Christmas, i guess christmas, nothing effect with bitcoin price up and down.

[exoton]

I don't see what Christmas has to do with anything. There is no reason that xmas should or would affect the price of bitcoin.

The price of bitcoin has been trading in a similar trading range for several months now and it is not surprising that the price has fallen to ~300 and then rebounded

[s1ng]

by the way , the next block reward halving  needs how long ? two  years?

~  31-07-2016 19:42:02 UTC (84 weeks, 4 days, 4 hours)

Source: http://bitcoinclock.com/

so it means bitcoin price might be up on that time ?

If it does, I must hold mine with care

[youngmike]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal 
Blockchain tech will live on but bitcoin was just a bubble 
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it 
You believers are 2 years late 

[exoton]

Well, BTC going slowly back to more realistic price, 1-5$. It's just a money carrier, nothing else. There's already paypal 
Blockchain tech will live on but bitcoin was just a bubble 
Buy assets and gold if you want to make some money, buy BTC if you like to dream about money but actually lose it 
You believers are 2 years late 

Paypal is not safe to use for either the consumer nor the merchant. PP has arbitrary rules that make it generally uncertain if you will be able to charge-back a transaction making both parties take an unknown risk when dealing with eachother, bitcoin solves this problem by making both parties have a very certain risk so both parties know what kinds of precautions to take in order to mitigate these risks.

[Agestorzrxx]

today bitcoin price drop quickly , is there any news of the negative?

there is no newcomer. it's normal.

[sandykho47]

Wait until few days before chrismast & the price will up 

[bitbunnny]

Christmas is tomorrow, the price won't be up over night. I don't think that there'll be significant "ups" again, it will stay around 300$.

[gab0miner]

This is moment is time to sleep. In late January will start to wake the market.

[s1ng]

Christmas is tomorrow, the price won't be up over night. I don't think that there'll be significant "ups" again, it will stay around 300$.

It will stay and nobody knows when bitcoin will rise.

Usually when we are not aware to something, then something unexpected can happen.

[Amph]

today bitcoin price drop quickly , is there any news of the negative?

the news is Christmas itself, people are buying their gift for their kids

[faince222]

Many people solding its bitcoin in way to buy gift for its parents, children and friends ! So, be patient and see that after the Christmas price will raise without any problems

[resya]

BTC / Crypto is doomed. The dollar is growing strongers and economies are booming. It's just not the right time to invest in crypto

[Bernard Lerring]

^ Evidence please?

You'll have to dig very deep to back up those claims! 

[LiteCoinGuy]

Christmas is tomorrow, the price won't be up over night. I don't think that there'll be significant "ups" again, it will stay around 300$.

forever.

[bitcoinmining]

Winter is coming! Maybe that's the only reason for dumping Bitcoin in these days... Store as much as BTCs in this bear market, these low prices are good for buying. You'll be grateful when you're selling them with 'at least' doubled price.

[Aemon]

Winter is coming! Maybe that's the only reason for dumping Bitcoin in these days... Store as much as BTCs in this bear market, these low prices are good for buying. You'll be grateful when you're selling them with 'at least' doubled price.

Why are people dumping Bitcoin for winter?  Plus it isn't winter everywhere.  How can you assure people it is good to buy right now?

[botany]

Winter is coming! Maybe that's the only reason for dumping Bitcoin in these days... Store as much as BTCs in this bear market, these low prices are good for buying. You'll be grateful when you're selling them with 'at least' doubled price.

Why are people dumping Bitcoin for winter?  Plus it isn't winter everywhere.  How can you assure people it is good to buy right now?

I guess he means people are dumping Bitcoin in the holiday season.

[cbeast]

Winter is coming!