Topic: Does Eid Mubarak Affect Bitcoin Value ? - page 2. (Read 410 times)
Yes I think Eid has a affect on Bitcoin. Though bitcoin in banned in many Muslim countries but there are Muslims all over the world who are dealing with bitcoin. So, this Eid celebration is having a affect on the price and hopefully this will be recovered soon after the Eid.
I don't think so, eid mubarak doesn't have any impact to the market comparing to chinese new year, eid mubarak is only for muslims and I believe only small precentage of the bitcoiners who are muslims specially those who s1ell their bitcoin during ramadhan, it's totally different than chinese new year, more like tradition rather than a religion thing yeah we all know that chinese is a big player here and of course their cellebration will effect the price. Anyway it can be true if majority of the people speculate that the price will be down before eid mubarak and selling their coins together.
if the percentage is small, what are those factors?
chinese new year which recently happened did not lower the price as it is today, If you see this bitcoin muslim player of small percentage, do you have the data?
Indonesia, Saudi Arabia, UAE and others, is it still not called influential?
I don't think so, eid mubarak doesn't have any impact to the market comparing to chinese new year, eid mubarak is only for muslims and I believe only small precentage of the bitcoiners who are muslims specially those who s1ell their bitcoin during ramadhan, it's totally different than chinese new year, more like tradition rather than a religion thing yeah we all know that chinese is a big player here and of course their cellebration will effect the price. Anyway it can be true if majority of the people speculate that the price will be down before eid mubarak and selling their coins together.
A week ahead of the end of Ramadan, the value of 1 bitcoin is still above 7000 thousand USD, but closer to Ied Mubarak, bitcoin value continues to fall close to 6000 USD?
For those who know and analyze, please explain the factor?
yes EID effect the bitcoin because most of Muslims bitcoin user are trade in bitcoin and in eid they need money for their eid shooing that's why alot of people sell their bitcoin for eid shopping and the price are effected. For those who know and analyze, please explain the factor?
A week ahead of the end of Ramadan, the value of 1 bitcoin is still above 7000 thousand USD, but closer to Ied Mubarak, bitcoin value continues to fall close to 6000 USD?
For those who know and analyze, please explain the factor?
The cost of Bitcoin is influenced by the supply and demand factor. Investors are afraid that there will be a 6K. For those who know and analyze, please explain the factor?
Well it can be possible that Upcoming Eid affecting Bitcoin value. May be some big holders of Muslim rich countries like Dubai, Saudi arabia throwing a million budget party for the festival or buying Lamborghini as a gift so they are selling bitcoin. Otherwise there is no reason that Eid festival can affect bitcoin market.
A week ahead of the end of Ramadan, the value of 1 bitcoin is still above 7000 thousand USD, but closer to Ied Mubarak, bitcoin value continues to fall close to 6000 USD?
For those who know and analyze, please explain the factor?
For those who know and analyze, please explain the factor?
Many say that the decline that occurred several days was caused by a hacker of 30 billion dollars that occurred at exchangers based in South Korea. In addition, as a result of the hacking market capitalization cryptocurrency has decreased as well so that cryptocurrency is dominated by decreases in all crypto markets.
How come you went that way?
Far away from those who really affects the bitcoin price.
I dont really know what is happening except for one exchange being hacked. But if it is the End of Ramadan that will affect it then I guess you are confusing the crypto currency market.
It doesnt belong to that line. Look for other points. Not this.
Far away from those who really affects the bitcoin price.
I dont really know what is happening except for one exchange being hacked. But if it is the End of Ramadan that will affect it then I guess you are confusing the crypto currency market.
It doesnt belong to that line. Look for other points. Not this.
I think eid mubarok does not affect the bitcoin price at all, because it affects the bitcoin price, among other things, the number of bitcoin and the number of users, the traders' opinions and the fraud mode involving bitcoin
it can happen, if all of the bitcoin owners come from a Muslim majority country, will release some of their bitcoin for the sake of the feast of ied mubarak. They buy all the necessities and needs, and share the fun with family and friends. this is just a matter of culture, and crypto markets also understand that.
I don't think Ramadan affects anyhow on a bitcoin rate. It just can affect the time when Muslim people are active on a cryptomarket and trading as their daily schedule shifts. All the rest stays the same.
Eid Mubarak? If Eid is Mubarak then it should not have affected the price adversely . Rather it should have pushed up the prices.
I think some festival can not be the reason for bitcoin price fluctuation. If Muslims are doing all other business presently it is not believable that they may have given up BTC business thereby price fall.
I think some festival can not be the reason for bitcoin price fluctuation. If Muslims are doing all other business presently it is not believable that they may have given up BTC business thereby price fall.
A week ahead of the end of Ramadan, the value of 1 bitcoin is still above 7000 thousand USD, but closer to Ied Mubarak, bitcoin value continues to fall close to 6000 USD?
For those who know and analyze, please explain the factor?
For those who know and analyze, please explain the factor?
You seem to believe that it is a factor. Perhaps you could explain why.
A week ahead of the end of Ramadan, the value of 1 bitcoin is still above 7000 thousand USD, but closer to Ied Mubarak, bitcoin value continues to fall close to 6000 USD?
For those who know and analyze, please explain the factor?
For those who know and analyze, please explain the factor?
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