Topic: Is market down due to Eid of muslims? (Read 1140 times)
I think there is no relation for Bitcoin price falling in relation to EID of muslim. I think the recent bad news and the fact that the fall of Bitcoin may be the reason for the fall in the price of Bitcoin. Suddenly some countries have been able to influence its prices to stop or prohibit use, such as the Central Bank of India.
why should i agree to your opinion? its too dumb to judge current market situation or the falling price were caused by Eid of Muslims. even they have to buy gifts or anything it doesnt mean all of Moslem had to sell their bitcoin or cryptocurrency, for your additional information, we dont have to spent a lot of money to celebrate this Eid, only a person who have a clear sign from only a matter of time.
Market is still down even after the Bakrid, 
I don't think there is no relation between the prices and the festivals maybe we can say that they will cash out their bitcoins to purchase for the festive things but is that makes the prices down to this level?
I don't think there is no relation between the prices and the festivals maybe we can say that they will cash out their bitcoins to purchase for the festive things but is that makes the prices down to this level?
With Eid just around the corner across the globe...
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
I do not think that eid of muslims is connected to cryptocurrency, people today are preferring to sell their coins due to fud or somehow they are pressured so they are panicking to sell their coins.
I don't think that some particular group of people can cause the 6th in the world by capitalisation market to fall down, in my opinion the reason was preventing of institutional money to come.
Not really sure about that some muslim country adopted blockchain technology but in this case of EID holiday i'm not sure if they had an impact. Well if it's a regular holiday like Chinese New Year then probably there is a big impact in the society specially cryptos.
What are you talking about, this does not affect the price of bitcoin and the price of any other cryptocurrency. There are more significant events that affect bitcoin and which really have an impact on it.
It is still bearish market, who will we blame now for this?
Market was down because it was part of the market cycle. It goes up and down and then maybe there were some market manipulations. Nothing to do with EID.
Market was down because it was part of the market cycle. It goes up and down and then maybe there were some market manipulations. Nothing to do with EID.
With Eid just around the corner across the globe...
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
I think not, that Muslim celebration has nothing to do with Bitcoin prices, because the market reacts on the basis of the Volume of investments entered by some investors in the trading market. They use Bitcoin to buy gifts or what ever it is only a small part of the cap market. it will not affect the bitcoin price. Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
With Eid just around the corner across the globe...
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
That is not the reason why the market goes down.If bitcoin was entered by the muslim community,their Ramadan has no relation with it.Bitcoins votality is inevitible,corrections happens and then it suddenly pumps up and its very natural to see this bearish market because theres always ups and downs in this cryptocurrency platforms. Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
With Eid just around the corner across the globe...
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
Hello, we are both newbie here in this forum but i dont get how did you even think that Muslim Ramadan is the caused of this market going down. Well let say you are correct about them wanting to give their love ones a gift, but do you think that they will withdraw all their investment just because of Ramadan? I do believe that Muslims are also in cryptocurrency but your idea never touches my mind.
I don't think so, it has nothing to do with the muslim's religious festival Eid. As bitcoin is not widely used in muslim countries, cryptocurrency market entirely depends on China, India, and other developed countries.
Bitcoin prices are no relation, why Bitcoin goes up in price and reads down the index, you post a question this treed post is a bit sensitive one. Keep in mind that the market any time does not happen, the market investors by number of markets, the investment amount is based on the reaction to the reaction occurs and celebrate any relationship, there is, even if we consider that they Bitcoins to use the gift or it's just the market cap is a fraction . Will be posted in the trading market.
Yes, for a festival people are very unimaginable, that is, the cost is greatly increased, so the cost is very high. And at one stage the demand for more money increased. It's not just for Muslims but for all types of religious people. But for this reason the market can not down as it happens. There are some systemic reasons behind this.
whow this really has nothing to do with the market price causing it to be down, this is very disappointing, I as muslim still be patient on this.
it's better we do not connect every event with the fall of bitcoin. the main reason why the price of cryptocurrency decreases because of demand and supply situation which is a high percentage on sales rather than buying
it's better we do not connect every event with the fall of bitcoin. the main reason why the price of cryptocurrency decreases because of demand and supply situation which is a high percentage on sales rather than buying
Thank you for the explanation. It really helps the ones who are interested in Learning about Bitcoins. Am interested in Learning about bitcoin and Crypto trading, So I think this forum would be a great resource for me.
For me I think the market fall down is not cause by muslim activities instead it is manipulated by some people want to buy crypto in low price .
The Eid celebration has nothing to do with the fall in price of btc just like every business there are times of highs and lows. 
Most likely its main factor like that because during Eid of muslims the majority of need money so with the sale of assets simultaneously lead to more turbulent market and the impact that will arise very large later but traders must remain optimistic that in the future price will also increase.
I have to say that this is the one of the most stupid explanations about Bitcoin price dump that I've ever heard. Even more than any conspiracy theory.
Realy can't understand how you have found any connection between Bitcoin
Realy can't understand how you have found any connection between Bitcoin
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