Post
Topic
Board Speculation
Re: The Christmas 2015 Bubble
by
origin12
on 20/12/2015, 10:49:48 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?

It's not a coincidence. Everyone's spent all their money by January, and they have to wait until the end of the month for their wages.  Their only recourse is to sell some bitcoins to pay their bills till the end of the month. Hence we get a dump in January every year.