Post
Topic
Board Economics
Re: Do you think the Xmas and Holiday season, caused the drop in the price?
by
eaLiTy
on 24/02/2018, 19:46:42 UTC
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.
There is usually a correction during the holiday season,it is nothing new,but the correction we are facing right now is not because of the holiday season,it is simply because the price has shot up really high in a short period of time and expect the market to settle down after all those rallies we had as you cannot expect every coin to move up all the time and since there was a big rally ,all of the countries around the world are trying to implement rules and regulations and expect the market to move accordingly.