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Topic: Is everyone "Cashing out" (Read 1153 times)
This is festival season of many international people and x-mas is coming in 2 days and they are selling to enjoy their festival. When they come back to market after holidays, it will again start to go upward. Ups and downs come and go. Whenever a market touch its resistance level, it drops a little bit.
Indeed, honestly im one of the people who cash out some of my bitcoin not because the price drop but because I needed extra cash to buy some things for Christmas like gifts for my family and godson and goddaughter. Its a time for gift giving so its an excuse for me to sell.
Yeah the Christmas cash-in
pretty interesting phenomenon
where after a full year of work, you haven't managed to save any fiat at all, so you need to bleed your crypto to buy presents
the paycheque to paycheque is real (?)
It is alright to see that the market is going down because the people are cashing out for the holiday and only some of them are really selling because of the fear of holding their coins because of the less knowledge that they have. Cashing out and the selling from the market resulted for a dump which gives bitcoin a title for having a sale this season.
Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??
I think that the hype is only for christmas and since christmas is already ending, Now the value of crypto currecies are also being affected in the market, The value is decreasing because maybe the hype is gone so we should cash out all of our money and wait for the next christmas to come.
many people who holds bitcoin and other altcoins cash out since it is christmas holidays. Because of this,the price of bitcoin went down. I think it is just normal because they earned the money they get from the start and it is a year-ender for them to collect and cash out all the money they have earned.
New Year cash out, nothing new.
Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??
Those people who think that the price of crypto-currency will down already cash out/trade their money for sure needs in this christmas and new year. And those who have no idea that it is time to spend money have no choice to sell in low price ( like what happen in the market now ) or choice to hold their money and wait to rise again. A big dump happen in bitcoin (top currency), it means that they preparing for the big event around the world that money are involve.
Now is a bad time to sell right?
Im sure many people wish they sell before the dips but its hard to tell when that will happen.
Hodling into 2018
Im sure many people wish they sell before the dips but its hard to tell when that will happen.
Hodling into 2018
No, not everyone but a lot and it is obviously because of the Christmas holiday which was already anticipated by the most. This dip is just normal, I mean year-end usually make a big impact on BTC price rally since a lot of people will cash out and a lot also take their profit for holding it or other altcoins for a year wherein they see holiday season is the best time for taking your profit regardless of what will be the price of as long as you made a profit from what you had invested.
because of the holidays happening bitcoin price go down but when it hit the lowest price people trying to get profit by buying bitcoin with the low price Simultaneously. Sooner bitcoin will go up then this is the to change to fiat.
I think its safe to say that a lot of people are cashing out for Christmas spending including myself. It could be the reason of the drop of bitcoin nd the other altcoins. I was fortunate to have cash out when bitcoin was at its peak, before the drop.
Not everyone is cashing out. Some whales did, that could be the main reason the price dropped. But then the price increased again, so maybe new buyers stepped in. The price drop has nothing to do with Christmas or at least it's not that much. Prices go up and down, especially with the high volatility of Bitcoin.
I dont think people are cashing out for most of altcoins like centra , dent, power ledger , paypie still lots of high potential coins are raising its value I think people are buying newest high potential coins .
This is a normal cycle every end of the year. Basically people are cashing out to start the new year fresh.
It's true, this is the new year and people are cashing out the Crypto currency.
It's time now to buy crypts on a recession
It's time now to buy crypts on a recession
Yeah probably. It's the Holidays season! Everyone and their mother wants a nice, festive Christmas and New Year's Eve with lots of food, booze and parties! And that means some serious cash is needed. So, time to cash in them hard earned money to do just that and buy yourself that special something you've always wanted. That's what I think anyway.
Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??
This is an isolated case because people need money for their christmas and holiday season needs therefore we expect more of this until the new years eve in which we need paper money to buy, to give and to celebrate these occations. Next month for sure everything will be back to normal hoarding.
Yes, it's every year, usually a rise is commencing a few days before New Year, feels a bit like a new investment year starts. And the presents are in so, fresh money. The Christmas period usually sees a drop, was anticipating it with funds on USDT, but couldn't wait one more day, so now have to wait it out with my funds already in Altcoins.
Nothing to worry much about, just folks talking out their money to celebrate time during Christmas with their families. Happens every year, but over all we are in a bullish momentum right now.
Yes because some are using it for the Christmas holidays and of course wanted to buy gifts for the family so they are mostly cashing out, but for those who have extra money I'm preety sure they are cashing in while bitcoins price went down.
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