I was just wondering, to those experts on bitcoin, because I have seen that bitcoin suddenly lay low in going up, and now even plunges. I needed your opinion.
Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot
Does Christmas or any holidays affects bitcoin?
Please elaborate. Thanks a lot
you mean if certain holidays affect bitcoin price / cause price fluctuations?
in my opinion, yes - in certain times but not all the time. i think thanksgiving, new year's and income/real property taxation month make some holders convert some of their bitcoins to fiat / sell to pay bills or spend on gifts. most of the time, it does not have anything to do with holidays but good news/bad news in digital space, bitcoin utilization, and market demand that drive prices north or south...
but, if bitcoin santa is out there maybe we can all wish for a merry bitcoin christmas if he does his magic by giving bitcoin a price boost
this christmas 2018