no.. this has nothign to do with it and it would be impossible to see a downside only because of it, they are not moving billions of dollars to be honest, not even a half of it
Topic: Is market down due to Eid of muslims? - page 13. (Read 1184 times)
I am not judging or blaming any religion just everytime we see this trend in the market whenever we have these holidays whether it be christmas, Chinese new year or Eid
I don't think that Eid is the cause of market down because it doesn't have relation to a holiday celebration. I think the cause of bitcoin market price down is due to people who are into panic selling and huge amount of bitcoin are sold so thats why it is very low today.
I think this crazy idea. They simply do not have enough volume of the crypto currency to influence the market and the value of the crypto currency.
There is no statistics to proved that the recent fall in the price of bitcoin is as a result of Eid of Muslim celebrations considering the ratio of population of Muslim hodlers to other hodlers is quite small and for the fact some Muslim faithfuls might have exchanged some btc to fiat I believed that wouldn't have any impact on the price of btc.
please we all know herer that eid mulsim is doesn't have related with bitcoin price, we all know that the price of bitcoin is affected by bad news yesterday and we all know that eid muslims is not a bad news, so please take away your perspective with this article.
I don't think so because the last 4 month market is down. There are no connection between market and Eid. I heard similar words during Christmas and valentines.
No it doesn't have the connection at all so I don't know where did you get that kind of idea. Let's respect the eid of muslims hence it doesn't affect the situation of market. As far as I know even before the eid market was already in trouble so eid of muslims has nothing to do with it. And even the rise of market doesn't need the eid of muslims so don't relate each other, 
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 the market turns red in the last few days is not caused by it, maybe FUD is the main causeAre mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
Some mainstream media horrendous public by creating FUD from little cases like Coinrail Hack and the investigation of four major cryptocurrency exchanges, new investor confidence is broken because of this FUD and panic selling
ramadan does not have connection to bitcoin. We do not blame a religion for them to respect them. Learn how to analyze the crypto market so we can avoid repentance.
I think the crypto market went up a little so I don't think this is the cause. You never know though since its so volatile, we might see a nice spike once Eid is completed.
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 dont think that will give huge effect on cryptomarket. Many market like forex and stocks exchange still running and have big transaction volume. Eid just affecting on most muslim country
I don't see any strong correlation about the Eid and the market. It might be that most traders just timed their profit-taking so that the Eid is to blame for the actions and not look for any underlying reasons as to why the market is down. It could also be that there are Muslim traders who took profit shortly before the Eid, which would somehow explain why the gloomy aura in the markets are to be found. Nevertheless, festivities and holidays, I think, aren't to blame for the market crashes; we just are tired of analyzing and we look for easier targets to put the blame at.
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?
You have quite a point there ut gow did you find the relation of bitcoin and muslim celebration? Our muslim brothers and sisters are just celebrating their feast and bitcoin has nothing to do with it. We must practice respect and civility. Just remember that noone really knows why cryptocurrency prices go up and down but it is its characteristic that is called volatility.
Maybe they are one of the factors why the market went down but there's still alot of other factors so we can't blame it all to the Eid of muslims.
Yep. I'm thinking the Muslims are to blame for bitcoin crashing.
Why would you blame them? I can't find the correlation between Eid/Muslims to the market down of bitcoin. They even passed with their sharia law that bitcoin is compliant with their religious law so they can be part of the increase instead of the crash. I'm only thinking about the whales and bitcoin futures right now but it never came to my mind that their festival has something to do with it.
Since first quarter, they are the ones to blame? no.
It seems to me that due to the Eid, the market is very low because of Eid. After the Eid maybe the market will increase a lot. If the market increases, it is much better for ordinary people like us
I don't think so because the last 4 month market is down. There are no connection between market and Eid. I heard similar words during Christmas and valentines.
The current drop is nothing to do with the Muslims its more on the manipulation of the whales. Let’s not connect every event to the fall of bitcoin or any other cryptocurrency remember that this market is drive more on the negative news and the weak emotion of a new investors.
I think we had this discussion also when it was x-mas, and it will all be better wehn the chinese new year starts.
I think most poeopl will not sell because it is an important day in a fairytalebook
I think most poeopl will not sell because it is an important day in a fairytalebook
it is possible that many bitcoin Muslim entrepreneurs sell their assets and make the bitcoin price down a bit. well, we know that so many very wealthy Muslim entrepreneurs, like the dubai people.
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