Author

Topic: The whole holiday and banks fallacy (Read 723 times)

member
Activity: 70
Merit: 10
umad?
November 24, 2013, 05:42:56 PM
#5
got 30+ more  Kiss
legendary
Activity: 1652
Merit: 1265
November 24, 2013, 05:38:52 PM
#4
sold 1 bitcoin for iphone 5s , pls slap me in the face.

*slap* ... you could have bought this in 10 years

member
Activity: 70
Merit: 10
umad?
November 24, 2013, 05:27:56 PM
#3
sold 1 bitcoin for iphone 5s , pls slap me in the face.
hero member
Activity: 546
Merit: 501
November 24, 2013, 05:23:13 PM
#2
as far as I know some exchanges (everyone?) are processing fiat manually and they are not doing it at weekends.
full member
Activity: 238
Merit: 100
November 24, 2013, 05:12:24 PM
#1
I'm hearing a lot of people saying that bitcoin might tank during the holidays because people need money for gifts.  One bitcoin = 800$.  Daily volume is like 80k coins per exchange.  One bitcoin would be plenty to take care of everyone within one's immediate family for gifts.  If people have the money to invest over 1k, they have the ability to come up with $500-1000 for the holidays.

Also people are saying how banks are closed during holidays.  Here is the average banks holiday schedule:

11/28 - Thanksgiving Closed

12/25 - Christmas Closed

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