Topic: Is market down due to Eid of muslims? - page 4. (Read 1184 times)
do not corner Muslims with decreases in bitcoin prices, bitcoin prices have started to drop dramatically long before ied started,
I think there is no relation for Bitcoin price falling in relation to EID MUBARAK.because not only muslim but also all religious people with in bitcoin every nation or nation has its own traditions and holidays. This does not mean that the crypto currency market will never rise.so carefully hoped it is no mettar.
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?
Yes, Off course its affect market because of Muslim fest.
Here is related info: https://coinpedia.org/news/mosque-bitcoin-donations-ramazan/
I think there is no relation for Bitcoin price falling in relation to EID MUBARAK.because not only muslim but also all religious people with in bitcoinz every nation or nation has its own traditions and holidays. This does not mean that the crypto currency market will never rise.
It is not true, bitcoin and celebration are not related to each others.
I don't see why anyone will make such comparism with a religious festival and that of financial asset. A big NO. Bitcoin has been down far before the Islamic festival.
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?
The question is plainly idiotic as well as the reason that made you contemplate on that question.
Blaming a religion because of bitcoin only spreads hate and false information.
And to answer your question, no it's not. Bitcoin has been falling for several months now, I don't think Eid lasted that long.
from experience, i have never heard it that any religious celebration can affect the market value of crypto currency. it is a wrong conception to now think that muslim celebration of EID can affect the market value of bitcoin. please lets desist from this act of wrong conception about bitcoin.
I dont see that eid of muslims are connected to the market down . If market down at the same day of eid of muslims i think its only a coincidence.
Yes, I agree. It is not justifiable that a downtrend in the market is caused by a muslim religious celebration. I think it is due to negative news about crypto or bitcoin. But normally crypto market price is greatly affected by low demand or many are dumping their coins.
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?
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 think it can happen, surely the market is a big influence. maybe some of our Muslim friends are selling some bitcoin they have to welcome a happy day (ied) with their family and loved ones.
No one can change in the market down due to Eid of muslims because only the exchanges knows the life of bitcoin.
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?
With due RESPECT, Muslim celebration is no relation on the Bitcoin price, please read the indicators why Bitcoin price goes up and goes down, you posted question is a bit sensitive one to post on this treed. Remember Market is Volatile, anything can happened at any given time, market react base on the Volume of investment put in by numbers of investors in the trading market and had NO RELATION on this Celebration even if we consider that they use Bitcoin to buy gift or what ever it is just a fraction of the market cap.in trading market would be posted.
Although I mostly agree with the idea that it has no correlating effect, and the occasion being celebrated by our Muslim brothers right now could not have anything to do with the decreasing value of coins in the market. I think that cryptocurrency having different factors that affects its value, may be affected by anything even this event that seems unrelated at all. So even if it is not big, there might be some little effects.
I think that the downturn market has nothing to do with the Muslims celebration of Eid. The primary reason of the market falling is due to the governments negative attitude towards bitcoin and cryptocurrency in general. 
I believe that the market will not give such a drop only in the case of one news, but just at the given moment the time is like this. The calm before the storm. Therefore, a drop in this amount is a set of negative news and factors.
in my opinion is not arena causing bitcoin prices fall because the current market is in the period of ups and downs so for that cause the fall of bitcoin prices not because of it
I think there is no connection between the feast of Ied Fitri with the decline in Bitcoin prices. It is not fair if the decline in the price of Bitcoin is associated with the Muslim holiday. It's just a coincidence, when the Bitcoin chart goes down, the time coincides with the feast of Ied Fitri.
But i think that as there is a big number of Muslims who are related to bitcoin, so if they have quit their bitcoin activities for few days just like Chris-miss, so chances are that the market has been disturbed a little by them. I think after two days when their Eid holidays will over they will again start their bitcoin activities and hopeful the market will also get some support. 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?
With due RESPECT, Muslim celebration is no relation on the Bitcoin price, please read the indicators why Bitcoin price goes up and goes down, you posted question is a bit sensitive one to post on this treed. Remember Market is Volatile, anything can happened at any given time, market react base on the Volume of investment put in by numbers of investors in the trading market and had NO RELATION on this Celebration even if we consider that they use Bitcoin to buy gift or what ever it is just a fraction of the market cap.in trading market would be posted.
Yes i agree about the affect of eid celebration to the bitcoin dumping and now its over hope we can recover again even just smal percent
Thanks atleast one person have understood the reason why I posted this
there is no relation with eid and crypto. And so many thing happened before eid. Many things happening right now.
Price of bitcoin, altcoin too much rising,
its need price correction.
Price of bitcoin, altcoin too much rising,
its need price correction.
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?
With due RESPECT, Muslim celebration is no relation on the Bitcoin price, please read the indicators why Bitcoin price goes up and goes down, you posted question is a bit sensitive one to post on this treed. Remember Market is Volatile, anything can happened at any given time, market react base on the Volume of investment put in by numbers of investors in the trading market and had NO RELATION on this Celebration even if we consider that they use Bitcoin to buy gift or what ever it is just a fraction of the market cap.in trading market would be posted.
agreed with u, and as i know, all ppl love money, dosnt matter what religion they believe or dont believe in anything
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