Why did Bitcoin drop in value over Christmas? - page 2.

richardsNY

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Quote from: Yogafan00000 on December 26, 2015, 01:49:59 PM

People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down

Why do people want to buy more for Christmas, and then dump their coins on Christmas day? I'm interested to find out. I think it was the panic of people that made the price fall.

Yogafan00000

sr. member

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People wanted bitcoin for christmas so price went up. People got their Bitcoin on the 25th and are taking profits/spending so price went down

Junko

legendary

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Boxing Day/After Christmas Sales, people gearing up for New Year's Eve celebrations, others need money for going on holiday over winter vacation or entertaining guests from out of town and a whole myriad of other holiday expenses.

mammon

sr. member

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It's obvious that some Big Boys are manipulating the price over and over again Angry

Just making a lot of money when pushing the price back and -GREEDY- doing this over and over again.
(Check the last 6\8 months, happens over and over...)

I think they spoke each other yesterday and "created" this dump while most people are with
family and having a nice Christmas. No, these are the moment those greedy bitches will act,
as you can see! And they will not stop doing this.

Too bad for the small Bitcoin users, because they put a lot of effort in getting -some- BTC
and seen there worth (very) rapidly melt.
They get disapointed, sell there coins and leaving BTC and not coming back.

Still wondering why BTC won't get Mass acceptation?
A lot of "problems" are coming from these forms of greed...

Mammon Wink

The KGB

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Quote from: HostSurf on December 26, 2015, 10:36:07 AM

Quote from: TheGr33k on December 26, 2015, 10:25:48 AM

I have no idea. I was dissappointed, but tried to hide the obvious anger.

Don't be. It is just a ~~natural~~ artificial market manipulation. You will see the market ~~calming~~ going into panic mode when china wakes up tonight and from there a new potential ~~pump~~ dump will come.
~~Either before NYE or the first weeks of 2016~~
Tonight

Corrected it for you, you are welcome.

Moneyburner

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The quick jump up probably enticed some people to sell out and have some fun with their extra money.

Amph

legendary

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because 400-500 range still need consolidation to be rock solid, it was reached too damn fast, it's always like that wehn you touch another mark

high chance that it fall, but it's quite clear that we are heading again there, see you after this bull trap

Ceizer54

full member

Activity: 196

Merit: 100

Quote from: hdbuck on December 26, 2015, 08:12:35 AM

because santa does not exist.

Exactly,I agree with this..people are selling there coins just to buy gift for there loved ones,there kids..I wish if santa really existed then we can have that same rate that was just the few days ago Grin

BlackPanda

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Quote from: Jet Cash on December 26, 2015, 08:09:38 AM

I can see it dropping before Christmas as people want money for presents, but why has it dropped over the last 24 hours?
It's gone from £308 to £280. It looks as if it might be a good time to buy.

This decline could occur because some traders were stopped conduct trading activities. bitcoin volume activity will increase after the long holiday ended. most choose a vacation. Grin

HostSurf

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Quote from: TheGr33k on December 26, 2015, 10:25:48 AM

I have no idea. I was dissappointed, but tried to hide the obvious anger.

Don't be. It is just a natural market reaction. You will see the market calming down tomorrow and from there a new potential pump will come.
Either before NYE or the first weeks of 2016

TheGr33k

hero member

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I have no idea. I was dissappointed, but tried to hide the obvious anger.

HostSurf

full member

Activity: 224

Merit: 100

People getting impatient could be the main reason.
Perhaps some big time investors needed some cash to pay some big debt.
There could be so many reasons...

quadriple7

sr. member

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well i can think of just one reason that might affected the price to go down like that, i believe that people started selling their bitcoins because of the fact that they needed some money to spend for christmas presents after a month or so it will rise significantly in my opinion

bitraine

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Activity: 348

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i think something going to happen looks like the price drop is preparing for a big pump.

yeah people are selling bitcoins. grandma dont want bitcoins for a christmas present.

Jet Cash

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https://JetCash.com

I appreciate that there are fluctuations in value, but the Christmas drop seemed to coincide with some strange behaviour in the Dollar/Sterling rate. This made me wonder if there was a news item that I had missed.

n2004al

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Quote from: Jet Cash on December 26, 2015, 08:09:38 AM

I can see it dropping before Christmas as people want money for presents, but why has it dropped over the last 24 hours?
It's gone from £308 to £280. It looks as if it might be a good time to buy.

First because the presents can be made even during or even immediately after Christmas. So continue the trend. Second because might be made some speculation knowing that in this time of the year can be fluctuations of the value of bitcoin because of the celebrations. And third (maybe this can be the most important one) the celebration were not finished yet. In most countries (first of all the Muslim ones but not only in those) the last day of the current year is celebrated more than Christmas. Much more. In those countries the presents are made the last days of the year. So can be again time to see how will go the price of bitcoin.

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

I heard some speculation about Bitcoin going up for Christmas. That might have made people buy a lot, then it did not go so much up, and people decided to cash in after Christmas.

But who knows really...

wadii33

full member

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it's normal their are a lot of people need money for chrismass so they started selling their bitcoins that's way it going a bit down it's better to buy now because i think it will go higher in january

unamis76

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Because people are selling. Just like when it goes up, it's because people are buying Grin

tn211

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Merit: 500

It was a logical move to go down, after so much time we should be happy it stayed so high for along. In a way i expected it go down much earlier.

Topic: Why did Bitcoin drop in value over Christmas? - page 2. (Read 2889 times)