Why christmas? - page 2. | Bitcointalksearch.org

Patrikson

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Quote from: Slow death on January 10, 2017, 07:02:40 AM

Quote from: ~Bitcoin~ on January 09, 2017, 10:03:09 AM

...One reason could be People/Whales manipulating market to grab quick profit with big pump and dump to spend on new year celebration Grin

I partly agree with you.

I get extremely angry with these pump and dump. They are destroying the coins

Quote from: Kemarit on January 09, 2017, 10:48:38 AM

...Or maybe people are thinking that bticoin is the new gold now Grin

There are people who believe

Quote from: https://cointelegraph.com/news/wyre-ceo-bitcoin-to-replace-gold-in-20-years-becoming-new-reserve-currency

Wyre CEO Michael Dunworth has stated that he believes Bitcoin ?will replace gold? and the USD as the global reserve currency within 20 years.

https://cointelegraph.com/news/wyre-ceo-bitcoin-to-replace-gold-in-20-years-becoming-new-reserve-currency

Its true it can really go wrong with the bitcoin if it every time stays pumped and than dumped very annoying and its occurring more and more.

Slow death

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Quote from: ~Bitcoin~ on January 09, 2017, 10:03:09 AM

...One reason could be People/Whales manipulating market to grab quick profit with big pump and dump to spend on new year celebration Grin

I partly agree with you.

I get extremely angry with these pump and dump. They are destroying the coins

Quote from: Kemarit on January 09, 2017, 10:48:38 AM

...Or maybe people are thinking that bticoin is the new gold now Grin

There are people who believe

Quote from: https://cointelegraph.com/news/wyre-ceo-bitcoin-to-replace-gold-in-20-years-becoming-new-reserve-currency

Wyre CEO Michael Dunworth has stated that he believes Bitcoin “will replace gold” and the USD as the global reserve currency within 20 years.

https://cointelegraph.com/news/wyre-ceo-bitcoin-to-replace-gold-in-20-years-becoming-new-reserve-currency

Noctis Connor

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i also notice it that bitcoin always raising up when its end of the year and it suddenly big drop down after the year ends i think its part of the cycle of the bitcoin. thats why i already done exchanging my bitcoin to cash so i have a big money from it but when it reach 1200$ ive regret my cash out when its on 970$ because i didnt know that it would actually reach 1200$ .

Taki

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I think Christmas had some effect for bitcoin's price. I even can imagine what effect will make Chinese New Year! There the number of users are the highest, so their new year just cannot bring any effect.

ArdiPrabowo

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Quote from: thirdprize on January 09, 2017, 09:54:44 AM

The first big spike was close to xmas/new year and the recent spike was the same. Discuss? It certainly isn't people doing their xmas shopping with bitcoin. Is it publicity related? Is it silk road (or equivalent) related? Is it Chinese money giving customs related?

in 2016 bitcoin price anomaly system
ussualy in end year bitcoin price can down
you can see in graffict and chart in year 2015
bitcoin price down in 24 december 2015 until in end year
same case in 2014 and 2013

talks_cheep

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The reason why it spikes in December is because Santa Claus needs bitcoins to make presents for little children around the world. It's a beautiful thing. Just go with the flow.

Frank Alister

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Bcs exactly it's Christmas and year's eve the price doing ups and downs Wink

Bcs people have the mood to spend money in gifts and stuff like that of course it affects the price.

cellard

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There are some rumors now of the recent fall being inside trading by the chinese. If you monitor the social media, the price started falling before the announcement by the Chinese government was made.

http://www.coindesk.com/deja-vu-bitcoin-price-slips-900-amid-china-news/

Quote

Déjà vu

That said, the story raises the specter of Chinese regulatory involvement in the bitcoin space, the threat of which sent bitcoin markets plunging in late 2013 after the Chinese central bank issued warnings to domestic financial institutions.

However, it remains uncertain whether the China news is directly correlated with the movements, as it was in 2013.

Bitcoin's price first began to slip today at around 8:00 UTC, when prices dropped nearly $30 in one hour.

News of the PBOC's actions, by comparison, don't seem to have impacted social media discussion until 11:00 UTC, when posts began appearing on the social media networks Twitter and Reddit.

Nonetheless, comments suggest that some may be using the news as a way to influence markets or otherwise gauge their short-term trading strategies given past precedent.

An interesting theory. I think something strange happened. Yes the price was meant to correct, but too many coincidences. The damn chinese are playing games.

Gloiri

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I think it was just a time period and there was a pump too a lot of people bought it again and due to that it was rising to a high amount!!

JimboToronto

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Quote from: thirdprize on January 09, 2017, 09:54:44 AM

The first big spike was close to xmas/new year and the recent spike was the same. Discuss?

The first big spike was in June 2011. The second big spike was in March/April 2013. The June 2016 spike was larger percentage-wise than the December 2016 spike.

If anything, springtime in the northern hemisphere is a time for bigger spikes than December.

I don't think Xmas has anything to do with it. I think capital controls in places like India and China had more impact, just as Cyprus did in March 2013 and China did in autumn 2013 ( with a little help from Willy and Gox). The 2011 spike had more to do with publicity about the Silk Road and ensuing increased public awareness about Bitcoin.

It's not all about speculative trading trends. Sometimes it's the actual practical value of Bitcoin and adoption for practical reasons that moves the price.

Lucius

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Quote from: thirdprize on January 09, 2017, 09:54:44 AM

The first big spike was close to xmas/new year and the recent spike was the same. Discuss? It certainly isn't people doing their xmas shopping with bitcoin. Is it publicity related? Is it silk road (or equivalent) related? Is it Chinese money giving customs related?

I think Christmas&NewYear time is excellent to pump price of BTC because of the special mood that prevails among the people.The whales count on it and pump price,and when they are satisfied with the price dump is happening.This is a simple game that make big profit for small number of people.We expect a great price all year and this is the best time to sell us this miracle.

Who's behind it is less important,some have profited and others have lost-the game continues.

Catmony

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Price per bitcoin increases over $1000 within few days and got dumped really hard after crossing $1100 mark and nobody can find out real reason behind it.

Quote from: thirdprize on January 09, 2017, 11:29:17 AM

People have got better things to do over xmas. I just think it is a bit suspicious. Wink

Price get pumped = without any good news
Price get dumped = after yuan get stronger out of nowhere
Who is behind pumping = Chinese traders Wink

thirdprize

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Quote from: LFC_Bitcoin on January 09, 2017, 10:36:33 AM

I don't think there was any science to it, maybe it was due to the halving. A limited amount of coins on the exchanges as a result of the halving could have made the price increase.

It has been steadily growing for the last year (with a big spike at the 6 month mark) while people have been talking about the halving for ages now. Why now? People have got better things to do over xmas. I just think it is a bit suspicious. Wink

BrewMaster

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Quote from: thirdprize on January 09, 2017, 09:54:44 AM

The first big spike was close to xmas/new year and the recent spike was the same. Discuss? It certainly isn't people doing their xmas shopping with bitcoin. Is it publicity related? Is it silk road (or equivalent) related? Is it Chinese money giving customs related?

the first spike was 2013 and then there were no spike in 2014, 2015 and now we saw one in 2016. there is not enough information to say there is any relationship between the two!

also the 2013 spike was a fake pump mostly by MtGox.
this spike was a tiny spike compared to 2013 and was only because $1000 was close and there was a mentality thing about this price. so again you can not compare these two.

Kemarit

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Quote from: ~Bitcoin~ on January 09, 2017, 10:03:09 AM

I agree on you that we see spike on bitcoin price during end of every year but i don't think any of the reasons you have written down are the real reason for this spikes. One reason could be People/Whales manipulating market to grab quick profit with big pump and dump to spend on new year celebration Grin

I agree with you on this. It is unclear what's driving the bitcoin market's sharp price hike. Even golds did not have a spike during that time. Or maybe people are thinking that bticoin is the new gold now Grin

LFC_Bitcoin

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I don't think there was any science to it, maybe it was due to the halving. A limited amount of coins on the exchanges as a result of the halving could have made the price increase.

IIOII

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The simplest explanation is to conclude that it's merely coincidence. In the history of Bitcoin there have been spikes all around the year, not only the two you pay attention to.

The first spike was triggered by artificial buying of a trading bot at Mt.Gox anyway.

Bitcoin was just ready for a bull run.

thirdprize

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Quote from: ~Bitcoin~ on January 09, 2017, 10:03:09 AM

I agree on you that we see spike on bitcoin price during end of every year but i don't think any of the reasons you have written down are the real reason for this spikes. One reason could be People/Whales manipulating market to grab quick profit with big pump and dump to spend on new year celebration Grin

The only difference being it took them 1 month to inflate the value the first time and 1.5 years, the second. In fact the recent growth seems to have started the previous December.

jaceefrost

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Quote from: thirdprize on January 09, 2017, 09:54:44 AM

The first big spike was close to xmas/new year and the recent spike was the same. Discuss? It certainly isn't people doing their xmas shopping with bitcoin. Is it publicity related? Is it silk road (or equivalent) related? Is it Chinese money giving customs related?

What bitcoin said is also my opinion about why spikes happen during the holiday seasons. I think it is only normal for these whales or manipulators to want to jave a quick profit so they can make use of these money in their celebration or atleast so they can start fresh with a good amount of profit with the coins that they are holding for the upcoming new year.

~Bitcoin~

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I agree on you that we see spike on bitcoin price during end of every year but i don't think any of the reasons you have written down are the real reason for this spikes. One reason could be People/Whales manipulating market to grab quick profit with big pump and dump to spend on new year celebration Grin

Topic: Why christmas? - page 2. (Read 1359 times)