Quote from: Kakmakr on December 27, 2017, 07:18:13 AM

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?

There is no relevant between the dropping of the price and holiday season,actually the main reason of dropping the price value consecutively due to the correction of the value of the bitcoin in the market,and panic, selling of some investor ,due to banning the cryptocurrency into there country and the implementation of china into there new rules to not pleasing some foreign country ICO platform,because they want to make there own.