It would be nice if you get in there as a Christmas gift. But I go them yourself or buy mining.
Then at least I know it's really me and I've done it myself.
Topic: Christmas and Bitcoin (Read 2746 times)
So, you cannot actually buy that much in the way of christmas presents with Btc. That means either people were buying dodgy stuff or could they possibly be sending money abroad using it? There is usually a huge surge in most things economic during the holiday. Just curious what is causing it with Btc.
Well, it is certainly down after Christmas.
Christmas has passed peacefully. There is no dramatic price action of bitcoin either. There is no effect on price by Christmas.
But what about the dump just after cristmas party ? I think cristmas just left after effect as dump before new year. Hope there will be no drama after and before new year.If the price movement is less than 20%, it is the normal fluctuation of bitcoin. The market depth is too thin to think a dump is big.
Christmas has passed peacefully. There is no dramatic price action of bitcoin either. There is no effect on price by Christmas.
But what about the dump just after cristmas party ? I think cristmas just left after effect as dump before new year. Hope there will be no drama after and before new year.
Christmas has passed peacefully. There is no dramatic price action of bitcoin either. There is no effect on price by Christmas.
I doubt that most of the bitcoin holders will spend any satoshi for christmas, they would better spend fiat because bitcoin price is believed that will increase.
For now I would rather hold than spend. I'm only doing bitcoin on the side, it's not my main income so it's not that big of a deal for me.
I see bitcoin as something I will be use in the future.
I doubt that most of the bitcoin holders will spend any satoshi for christmas, they would better spend fiat because bitcoin price is believed that will increase.
For now I would rather hold than spend. I'm only doing bitcoin on the side, it's not my main income so it's not that big of a deal for me.
I see bitcoin as something I will be use in the future.
I doubt that most of the bitcoin holders will spend any satoshi for christmas, they would better spend fiat because bitcoin price is believed that will increase.
I also think it will follow the pattern. The price will up and down a little untill christmas, and then it will fall back to around $350. I think the top will be $550.
Let's assume this will happen.How long will we see another $350?
I think not that long and we will go up again pretty quick.
Many people will start to buy at this price I believe.
This would be also the second attempt which had failed to break the 500 constantly.
The third attempt after that will work out then.We saw the same with the 300 barrier.
Now its in the lead up to christmas again and the price is going up again. Coincidence?
Yes.
Well, I recon that come January the price will go back into a slump.
The problem with assuming Christmas has anything to do with a Bitcoin price rise is that the retailers turn around and SELL OFF all that Christmas Bitcoin just as fast as it comes in, thus pushing the price right back down again.
Ditto "Black Friday" or "Cyber Monday" just somewhat bigger numbers involved on BOTH sides of the equasion.
It's WAY too early for the halfing to be having a real effect on the pricing IMO - more likely 1-2 months before the halfing will be the "halfing price increase".
I'm fairly sure that most of the current price bouncing is due to the Chinese exchanges being able to take fiat currency directly again, and a mass influx of Chinese trading due to that change.
Ditto "Black Friday" or "Cyber Monday" just somewhat bigger numbers involved on BOTH sides of the equasion.
It's WAY too early for the halfing to be having a real effect on the pricing IMO - more likely 1-2 months before the halfing will be the "halfing price increase".
I'm fairly sure that most of the current price bouncing is due to the Chinese exchanges being able to take fiat currency directly again, and a mass influx of Chinese trading due to that change.
I also think it will follow the pattern. The price will up and down a little untill christmas, and then it will fall back to around $350. I think the top will be $550.
There was no price correlation between thanks giving and bitcoin. I think there will be no relation between Christmas and bitcoin.
Even people who don't know Btc know that the only thing you can really use it for is buying stuff off the dark net. I bet you that even though SR 1 and 2 have been taken down, there are a dozen other sites there flogging illegal stuff. That coupled with the fact it is christmas, the season of excess, means people are going to be out there partying hard.
Probably is the block halving. We are coming nearer and nearer to that point, so there are ups and downs, with the downs ending at a higher price while we approach that.
Some people get scary when they see a price over 400 and begin to sell and that is why there are downs to, but the general trend is to go up.
Some people get scary when they see a price over 400 and begin to sell and that is why there are downs to, but the general trend is to go up.
Yes halving is the reason here and not Christmas. Big dump will happen really this Christmas but at the same time expect more pump because of the big dump price will decrease that others wait so many will still buy. One reason is the upcoming halving. Acquiring coins as much as it can because high price are expected next year.
Probably is the block halving. We are coming nearer and nearer to that point, so there are ups and downs, with the downs ending at a higher price while we approach that.
Some people get scary when they see a price over 400 and begin to sell and that is why there are downs to, but the general trend is to go up.
Some people get scary when they see a price over 400 and begin to sell and that is why there are downs to, but the general trend is to go up.
Well I hope so since it's Christmas and it's time for spending and if based on the law of supply and demand, spending than buying can affect prices, more of like going down. Price is pumping up but now but let's hope this will continue.
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