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Author Topic: Christmas is coming, but the price drop quickly  (Read 2818 times)
fullhouse
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December 17, 2014, 07:31:07 PM
 #1

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

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December 17, 2014, 07:34:13 PM
 #2

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



It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the  rise of bitcoin  price , you have to wait  after (maybe ~ before) the next block reward halving.

fullhouse
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December 17, 2014, 07:40:06 PM
 #3

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



It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the  rise of bitcoin  price , you have to wait  after (maybe ~ before) the next block reward halving.



maybe.. wish bitcoin will be better in 2015 Grin

fullhouse
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December 17, 2014, 07:41:24 PM
 #4

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

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December 17, 2014, 07:42:35 PM
 #5

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/
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December 17, 2014, 07:45:02 PM
 #6

Difficulty keeps going down, that might be one of the reasons.

Use this drop in your advantage to buy up some coins.

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December 17, 2014, 07:51:11 PM
 #7

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/
that would be a long time
Difficulty keeps going down, that might be one of the reasons.

Use this drop in your advantage to buy up some coins.
yes i just bought some . Roll Eyes use my free money

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December 17, 2014, 08:03:58 PM
 #8

I think users are starting to spend the bitcoin they hold because there isn't much news recently which could bring prices up in the near future. This is good for bitcoin as a currency.
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December 17, 2014, 08:29:54 PM
 #9

well people need money for christmas hehe

maybe thats why price going down Tongue


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December 17, 2014, 08:56:14 PM
 #10

Just a normal trend. People need money to buy gifts for their loved ones this Christmas, so they sell their precious bitcoins to fiat just to buy those.
How I wish more things can be bought with bitcoin. Wouldn't it be nice?




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December 19, 2014, 05:55:22 AM
 #11

Buying people presents for Christmas isn't the driver of declining prices.

The driver is that there are more sellers than buyers.

To everyone's Christmas point though, if more retailers accepted BTC and those retailers didn't want to sell their BTC as soon as payment was received you'd see a more stable price.

For the recent news, check out www.coindesk.com, they usually have the latest.

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December 19, 2014, 06:25:31 AM
 #12

I doubt this is just christmas spending occurring. Anyone have thoughts of what truly is causing the downslide? I think it has to do with lack of substantial news for bitcoin and with ApplePay taking over the "new and exciting payment" news, bitcoin is now a burner story to a lot of news people.

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December 19, 2014, 07:47:15 AM
 #13

Well often the markets die down at christmas because almost everyone is away from their computers, I wouldn't really run around in a panic until after the first quarter of next year and yes, I'm being that specific.
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December 19, 2014, 10:30:58 AM
 #14

Everyone has been selling btc for weeks, cheap gifts on black friday, need to buy christmas gifts soon, higher fuel bills due to colder weather, end of tax year soon, those make btc price keeps going down, I think 2015 will be a fresh start for bitcoin...

Merry christmas and Happy new year Smiley

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December 19, 2014, 10:44:01 AM
 #15

December 2013 is not going to repeat itself, but I have good hopes for mid 2015.
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December 19, 2014, 10:50:49 AM
 #16

It still stays a good price i find. The market is always a little bit calmer at the end of the year. That's so with everything. Maybe that can be a reason.
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December 19, 2014, 04:24:47 PM
 #17

Usually around the holidays I stop trading stocks as well. People tend to sell off assets to pay off credit cards and to buy gifts so you can see a drop off even though nothing fundamentally has changed.





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December 19, 2014, 04:31:17 PM
 #18

IT has been consistently going down all year, I think the bubble that spiked last year caused much of this.  I don't think that value was supposed to sky rocket like that right away, it should go up gradually but it will just take some time
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December 19, 2014, 05:02:32 PM
 #19

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



It is normal , more people are selling their bitcoin for buy the christmas gifts for the family. If you want to see the  rise of bitcoin  price , you have to wait  after (maybe ~ before) the next block reward halving.



Exactly. Actually many people are selling their bitcoin in way to sustain chrimstas expens for friends, family ecc. But, I don't like so much this way to do things. Be sure that price will raise the next year probably Smiley
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December 19, 2014, 05:30:36 PM
 #20

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

People cashing out for fiat to buy presents because few people are yet using bitcoin directly to buy goods.
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