Christmas And BTC? - page 17. | Bitcointalksearch.org

Invester

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Quote from: DRAWDE_3691 on December 19, 2017, 09:42:26 PM

I was just wondering, to those experts on bitcoin, because I have seen that bitcoin suddenly lay low in going up, and now even plunges. I needed your opinion.

Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot

I can't speak on behalf of anyone in this forum since we are an international community here and each of us has a different set of national and even more local cultures and traditions. But as for me and my culture, during Christmas time to be exact, I think the Christmas season has an effect to Bitcoin. Christmas is a season of abundance. Huge bonuses here and 13th month pay, annual earnings, and all other benefits are usually given during this season. This is a season of much money. Therefore buying will surge to a very high level during this time. That could include Bitcoin-buying of course.

BingoDog

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Quote from: Nilda on December 20, 2017, 01:50:53 AM

Most people are now busy preparing for Christmas. Buying gifts, attending parties, etc. I myself did a lot of profit taking to be able to celebrate the holidays in style. Would love to give bitcoins as a gift.

It's true that some people will sell bitcoins or at least some satoshies to have some extra money for the holidays. But I don't think that would be such big amount to influence the demand and supply ratio and the price in some significant way. So, I don't expect some huge price drop and disturbance on the market, usual volatility and nothing to panic for.
Regarding the gifts, some bitcoins as a gift would make me very happy too. Grin

Nilda

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Most people are now busy preparing for Christmas. Buying gifts, attending parties, etc. I myself did a lot of profit taking to be able to celebrate the holidays in style. Would love to give bitcoins as a gift.

chuckblocker

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All sell during xmas. Maybe go up hard again after 10th jan, fk know but i'm expecting a bigger drop then the current 16.9k

DRAWDE_3691

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I was just wondering, to those experts on bitcoin, because I have seen that bitcoin suddenly lay low in going up, and now even plunges. I needed your opinion.

Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot

Topic: Christmas And BTC? - page 17. (Read 1932 times)