Post
Topic
Board Economics
Re: Do you think the Xmas and Holiday season, caused the drop in the price?
by
cryptoalfs76
on 21/01/2018, 04:24:53 UTC
So it is the Holiday season and it was Xmas. How many people dived into their Bitcoin hoard to buy Xmas gifts and also paid for a nice holiday with their family?

We saw a huge increase in the price, early in the season and this might have triggered a situation where people rewarded themselves with some "Gifts" for the holiday season.

The direct impact of that would have been a higher influx of coins onto the exchanges and if that was not met with a higher demand for coins, then it would explain the drop in the price.

Did you splash out with some expensive gifts and extravagant holidays with your bitcoins, during the holiday season?

Maybe this one of the cause,but not totally at all,because holiday season is only a small part of once a year  to celebrate and some of people or bitcoiner needs a fiat money to expense to buy a gift ,foods and other  wants used for the holiday season thats why its drop down its value price a little.but this things happen now in dropping the price into 13$ due to panic selling of bitcoin and altcoin stocks of some bitcoiner in  south korea  due to implementing ban in there country.