Do you think the Xmas and Holiday season, caused the drop in the price? - page 2.

jonatuzc

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Quote from: Urbanbypas on January 08, 2018, 10:46:12 AM

Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.

We can see this effect during weekends also. The price of Bitcoin falls more on holidays than the usual working days. Indeed those who are doing trading are aware of this fact that on Saturday and Sunday, big investors do not play on the stock exchanges.

Holidays are one of the factors that affect not only Bitcoin but all the crypto currencies. Actually, Christmas has laid a very big impact on the price of Bitcoin.

shahani

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I think christmas and holidays season are also a reason why price of bitcoin decreasing because there are people busy on buying some goods for preparation and gifts for their family and friends. Many bitcoiner are selling their bitcoin and turn into cash money on holiday season. That is why bitcoin price will also down.

nesh1

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Quote from: xebecstyx on January 08, 2018, 01:43:32 AM

Quote from: player514 on December 27, 2017, 02:24:42 AM

Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future.

I think so too. I actually think that it's the opposite because since people got all sorts of bonuses during this season, it's a good time for them to use those money they gained and invest it in whatever cryptocurrency venture they choose to, which in turn, would actually boost the price of some cryptocurrencies, or specifically, bitcoin. Also, I think it just so happened that the surge came in late last year, having started around November and carried on through December.

I agree with you i personally think that they did indeed drop the prices because of holiday season and Christmas i think it will be worth the wait because they are going to rise again.

CHENIEN

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Oh! that's really true, peak season is a rapid selling of bitcoin that's why the price is going down. In a holiday season, people are highly needed a cash money which used on celebrating their family bondings that is why it affects also bitcoin price moving down.

natka

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I do not think that this is connected with the holidays. Judging from me, I did not take anything from my wallet to buy gifts, and therefore did not change any currency. Perhaps many have spent their bitcoins on gifts and therefore the price has increased, but personally I expect more and do not change anything.

batang_bitcoin

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Quote from: Urbanbypas on January 08, 2018, 10:46:12 AM

Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.

Everyone has been selling some from their stash and that's why the price started to fall as it was everyone's force that made the price of each altcoin to go down. And it reflected to the whole market that from bitcoin down to the very tiny altcoins that has a very low market cap, everything was turned into red and even until now it's not yet recovering. Also some FUDs are also a way to cause the price of bitcoin to drop.

Gladiator25

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Quote from: player514 on December 27, 2017, 02:24:42 AM

Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future.

Me too, personally i don't withdraw my bitcoin this holiday season, because based on the chart of the bitcoin the price is going up so i have thought that i should hold it more because it can get much higher but suddenly it went down. So, i think the one major factor that causes the bitcoin to drop is the people who withdraw this holiday. Because bitcoin's price is supply and demand basis.

Karmakid

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Maybe because some of us really needed some money for the holiday season for gifts and for everything else,
So I think that is one of the reasons why bitcoin price drop down in the holiday season just think about how many people or how many bitcoin holders sold their coin for the holiday.

darewaller

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Quote from: MidKnight on January 07, 2018, 10:10:57 PM

Many people has lives outside and they certainly stop trading at those holidays to have fun instead of spending it on monitoring the prices every seconds.

The holiday season was the reason for the drop in Bitcoin price rate. I remember the price went as low as $13,000 but immediately started climbing to the top few days after the Xmas season and new year. Last week it was up around $15,000, recently it just went down to $14000.

Urbanbypas

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Yes, as you can see, during the holidays, trade is not conducted so intensively, so the price of bitcoin and other cryptocurrency is falling. Now the rate should go up.

virasog

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Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

Selling bitcoin decrease the demand so i believe Xmas and holiday seasons caused the drop of price. Before Christmas the price was normal and touching almost 20k when the event come near bitcoin start drooping. I believe people start selling it to buy some gifts to there relatives. But now after new year, bitcoin is back on track and we are again now moving towards 20K and even more in the coming days.

Ailmand

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Quote from: thet on December 27, 2017, 03:54:33 AM

Maybe, people need cash, i need cash also. If i doesn't have any cash with me the tendency will be, i will surely cash out my btc so that i have my budget with me during the holiday season.

I think it did because if you would take note, the start when bitcoin began to stabilize is around the last week of December. This is the period nearing the Christmas Season; I agree that during this season many people need money to spend for yuletide-related expenses like gifts, food, and other things. Which meant that, maybe, some people withdrew their coins and converted them to case, since it was also the perfect time because that's when bitcoin had it's highest record value. The more bitcoin went out the market, the more supply there was, which maybe affected it price to go down.

droptableguy2

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Quote from: douhancan58 on January 08, 2018, 12:56:03 AM

Maybe for one reason. According to the custom, most people will buy things at the end of the year. Many people need money for the holidays, so many people may cash in some bitcoin, which will cause the price of bitcoin to drop. I think in the future Chinese New Year will also have the fluctuation of bitcoin price!

I agree with that statement. As far as the deep discounts of the market are usually associated with the big holidays. You can see that this year before Christmas and New Year, the market fell very seriously.

lvincent

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I don't think that this the reason why bitcoin price drop last December, of course it is a possibility but i think its just that bitcoins price is really high and it just happen that it is the month of December when the price correction happened.

xebecstyx

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Quote from: player514 on December 27, 2017, 02:24:42 AM

Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

I highly doubt that this was the case. So many people would have to pull out for this to be the case. It's possible that it's the reason that the entire downfall started, but I don't think it's a major reason. If anything, it's mostly people who are nervous after they see BTC drop by a couple of hundred. Regardless, we're on the come up again, as we always have been after drops like these, and I don't think we'll be affected too much by this drop in the future.

I think so too. I actually think that it's the opposite because since people got all sorts of bonuses during this season, it's a good time for them to use those money they gained and invest it in whatever cryptocurrency venture they choose to, which in turn, would actually boost the price of some cryptocurrencies, or specifically, bitcoin. Also, I think it just so happened that the surge came in late last year, having started around November and carried on through December.

romecheo

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People love holidays, most specially during December, we share blessing to our love ones, this is the very natural during the season. We give gifts, money or anything we think of. We even go to some places where we wish to go during vacation. Because of this, we even withdraw and cash out our crypto currencies.

douhancan58

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Maybe for one reason. According to the custom, most people will buy things at the end of the year. Many people need money for the holidays, so many people may cash in some bitcoin, which will cause the price of bitcoin to drop. I think in the future Chinese New Year will also have the fluctuation of bitcoin price!

expert4knowledge

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Yes since people cash out to offer presents to their friends and family

jamids

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Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

I withdraw some for the holidays and I think it is the cause too of the drop in price. I have seen some people too who gifted their family and friends with coins instead of the traditional gifts because they know that it would be valuable in the future. If ever someone would have given me coins too then I would be much grateful for it. Now that we are in the new year then money will be flowing in knowing that there is already an exposure of it late last year getting the attention of more investors. Altcoins are also getting higher percentage in the total market capitalization so rapid movements of bitcoin has lesser impact compared before.

josephpogi

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Quote from: Kakmakr on December 27, 2017, 02:18:13 AM

So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

100% because some people needs money for holidays so they need it and i think its more good to bought some coin again because all coins decreased and it will bump again by the end of holidays do keep holding it if you have bitcoins or other alt coins.

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