Post
Topic
Board Speculation
Re: Will Bitcoin dip during the Holidays?
by
batang_bitcoin
on 28/11/2017, 16:12:46 UTC
It’s been on my mind a bit, do you think that we will see a dip during the holidays from people cashing out? With Bitcoin nearing 10,000$ I am just curious as to whether it’s got a chance to hold it’s value or if it’s a given that people will start cashing out soon.
I don't think that cashing out will happen during the holidays. We do have a lot of money from that time and instead of dip, increase can happen. There might be people that will cash out but if those are just small time holders there's no effect on the current price but if they are whales and did cash out hundreds or thousands of bitcoins then it may affect the price of bitcoin.