Post
Topic
Board Speculation
Re: The Christmas 2015 Bubble
by
langedwig
on 20/12/2015, 09:51:05 UTC
So when will this Xmas bubble start?  Soon I hope  Wink

Isn't it already in motion? Bitcoin price is more than $460 right now, 2 months ago it couldn't pierce the ceiling of $300 isn't it a bubble?
But if you look at bitcoin price charts, year by year you will see certain similarities - around December EVERY year bitcoin price is rising in similar fashion.
And in January we have huge drop. Coincidence?
Not a coincidence.
At the end of the year as it is a vacation / holiday / festival month the bitcoin price rises.
When the new year starts then it comes back to normal because the vacation / holidays / festival time is over