Post
Topic
Board Speculation
Re: Does Eid Mubarak Affect Bitcoin Value ?
by
budi691
on 13/06/2018, 22:09:46 UTC
I don't think so, eid mubarak doesn't have any impact to the market comparing to chinese new year, eid mubarak is only for muslims and I believe only small precentage of the bitcoiners who are muslims specially those who s1ell their bitcoin during ramadhan, it's totally different than chinese new year, more like tradition rather than a religion thing yeah we all know that chinese is a big player here and of course their cellebration will effect the price. Anyway it can be true if majority of the people speculate that the price will be down before eid mubarak and selling their coins together.

if the percentage is small, what are those factors?

chinese new year which recently happened did not lower the price as it is today, If you see this bitcoin muslim player of small percentage, do you have the data?

Indonesia, Saudi Arabia, UAE and others, is it still not called influential?