IDK, some say the FBI sale... but I also think that its people selling off for Christmas money lol but ya its definitely concerning as it affects every ALT as well, for the most part.
They are dumping hundreds of coins for Christmas. Good explanation
People are bored with Bitcoin going down for months.
This is the gnarliest downtrend I've seen in any market despite good news on major mainstream companies accepting Bitcoin. It doesn't make much sense to me at all, it negates all knowledge of stock trading indicators. No doubt a lot of mining farms are definitely considering shutting down.
I agree.
Got to find a way to get BTC in to the hands of the average Joe on the street, with zero knowledge of how mine or invest in it. Target people with no credit or bank accounts and sell to them for cash and recharge a BTC card of sorts, or (flash drive etc.) at time of transfer. (via coffee shops, malls etc. or from guys like me lol) Then those types can go online and shop, pay bills etc., like anyone that has a real credit/debit card, as now they don't have that option easily in front of them.
Unlike stocks, the very purpose of BTC is to be used ( to transfer a value) AND be invested in. The actual price of BTC is arbitrary somewhat by nature lol, its just depends on demand and a lot of street use, and is always going to be speculation only for investing I feel. There is just no good way to predict BTC, its still to early in growth. Plus, big mining has kind of screwed with price as well, save that for another day
Whereas stocks pump up the corporation listing them, and investors should get a steady low risk return, as that corporation profits. But ya I am very surprised right now to see it so low, was hoping and half way expecting a tick upwards leading to Christmas... hmmmm
k, just my feelings right now about it all, a little bummed out right now about the falling price.
lol
