Quote from: dothebeats on June 13, 2018, 10:18:18 PM

Quote from: Maestro75 on June 13, 2018, 10:09:33 PM

I thought bitcoin was Haram to the Muslims. OH, have they embraced this new money also now?

I also thought of the same, though there's a chance that there are different Muslims who don't treat it as such. But tbh, I don't see a strong link of Eid on the price losing steam since most of the time, BTC/USD doesn't care whatevee holiday it is; no matter how the weather, what event it is, BTC/USD always trades and therefore never loses people doing some action behind the graphs. Hopefully this is true, since price just broke one key support earlier thiss day, and that's increasingly worrying I should say.

The only real correlation I've seen between a holiday and btc/usd is Chinese new year, but there wasn't a massive pump after that this year like expected. People seem to keep pointing to different events and news when BTC takes a drop and dont consider the TA. Why would price pick up immediately after a bunch of people take money out? Taking that would have a knock on effect to a greater population than the people that initally sold and thats may be whats happened a few times this year.