Quote from: Kprawn on December 17, 2019, 08:34:17 PM

So, watching the price of Bitcoin going down, made me think of reasons why this might be happening now. Roll Eyes

I saw the news of the Chinese scam and the coins being liquidated, but that sounds like a lame excuse for the price going down.

Why? It seems like a reasonable theory to me:

Quote from: squatter on December 17, 2019, 10:43:03 PM

The PlusToken scammers are slowly offloading to OTC brokers, who are then pressuring exchanges like Huobi down. Arbitrage among the global exchanges handles the rest.

Quote from: Kprawn on December 17, 2019, 08:34:17 PM

A better reason might be that people are selling coins or using coins to buy Xmas gifts. Let's be honest, it is that time of the year and people are going on holiday, so they need to dive into their Bitcoin hoard to pay for that and also some Xmas gifts.

Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?

I'm not selling bitcoins at these prices. Are you crazy?! This holiday season, everything is being paid for with cash or credit card.