BTC price coming down - page 2. | Bitcointalksearch.org

Gloober

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Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

Yes I think that would be the case here. People who own a lot of bitcoins could've made profits off what the value of bitcoin was at the time. So they could spend it on gifts and such. I'm not that surprised that this happened, it was either going to go down because of the holidays or go up because people would be buying.

Cyaren

sr. member

Activity: 294

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Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

Probably yeah... People need money for Christmas too Wink

RyNinDaCleM

legendary

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Legen -wait for it- dary

Quote from: NorrisK on December 27, 2015, 11:06:26 AM

Quote from: Salmen on December 26, 2015, 12:49:41 PM

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

You know most people are using a service that doest this for them right away? The moment the transaction is made, the shop gets fiat instead of bitcoin and bitcoin is sold on the market somewhere.

I don't think we are seeing an effect of this, especially since the amount of stuff bought with bitcoin will be quite low probably.

I spent about 5k in Bitcoin this year for gifts. Last year it was MUCH higher, but I think that was because the novelty of actually using it when it used to be only computer parts that I could get. Anyway, if enough people do this then there would be a decent amount of pressure on the market.

@thread, another reason BTC may drop this time of year is investors balancing their capital gains. If they profit in one asset they may take a loss in another to minimize tax exposure. This is a regular process for investors, BTC is not immune to the tax man.

bitlancr

hero member

Activity: 616

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Buy support at 420 dollar is gone, and now we are testing 400 dollar.
This is way faster then what I would have expected to be honest. I hope we can hold 400 dollar

safari88

legendary

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it does not matter, either to buy some bitcoin when down, but I hope it does not drop below $400 and immediately go back to $450

lexuz

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Me, myself and I

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

Not really!! I mean price down not because they selling btc for holidays.. Value down because all people in holidays so not much trade now in all exchanger.. Maybe not sure what im said hahha

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Quote from: Salmen on December 26, 2015, 12:49:41 PM

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

I also think same, this can't be other than merchants cashing out their money to buy more stuffs for their shop. We may again see straight uptrend near new year like before Christmas.

MissionPhailed

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Probably just one of those 'normal' deviations in an uptrend. Though I suspect it won't be before february until BTC confidently breaks through the $500 barrier. Boring times for traders (I'm not one of 'em) and weak hands might sell off.

richardsNY

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Quote from: OmegaStarScream on December 27, 2015, 11:13:59 AM

I don't know the reason but It just fits me personally , I don't want it to go and rise as hell because I don't have enough BTC for the moment , so the late it is , the better .

If it stays like this for another 2 months, then I can buy myself maybe 2 or 3 more Bitcoins at this price. If it goes higher, then I get less coins for my money. It doesn't matter that much if you hold for the long term, but more coins for a lower amount is always better.

a7mos

hero member

Activity: 574

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Quote from: FaucetRank.com on December 26, 2015, 01:03:02 PM

If price come down then it's good for faucet owner

hahaha

It might seams good when the btc price go down for a faucet owner.
but it is not like that because when the price decline, your visitors will expect that you will increase the rewards rates. and if you dont, your competitors will do so and you will lose your traffic

mtnsaa

legendary

Activity: 1568

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We never know the reason why a fluctuation in price happens in Bitcoin unless it's very evident. However in this case, you make a very good point, it totally makes sense. If that was the case it should happen every year though if the price was relative stable in the weeks prior. Anyone remember something like this?

OmegaStarScream

staff

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I don't know the reason but It just fits me personally , I don't want it to go and rise as hell because I don't have enough BTC for the moment , so the late it is , the better .

NorrisK

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Quote from: Salmen on December 26, 2015, 12:49:41 PM

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

You know most people are using a service that doest this for them right away? The moment the transaction is made, the shop gets fiat instead of bitcoin and bitcoin is sold on the market somewhere.

I don't think we are seeing an effect of this, especially since the amount of stuff bought with bitcoin will be quite low probably.

makingwin1

full member

Activity: 238

Merit: 100

i guess thats might be the case, i hope it will start rising

TheGr33k

hero member

Activity: 518

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I can't wait to buy! Every time it drops I get real excited. The only thing I'm worried about is if it will not come back up.

Bitcoin_Delivery

hero member

Activity: 952

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Let's wait at the start of the new year....from january BTC price will start to going up!

mexxer-2

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4 Mana 7/7

Its just a regular pump-and-dump. You must be new here.

FaucetRank.com

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Quote from: Salmen on December 26, 2015, 12:49:41 PM

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

If price come down then it's good for faucet owner

Salmen

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Activity: 1059

Merit: 1020

Quote from: FaucetRank.com on December 26, 2015, 12:43:51 PM

Btc price coming down probably people are selling btc to get money for holidays right ?

I think shop owners who accept bitcoin are selling btc from the christmas purchases from the past weeks.

FaucetRank.com

hero member

Activity: 868

Merit: 500

Btc price coming down probably people are selling btc to get money for holidays right ?

Topic: BTC price coming down - page 2. (Read 1906 times)