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. 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. Huh

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

Your presumption are totally right because most cryptocurrency holder and investors usually sell some portion of their coins when it this season but doesn't mean the whole downtrend happened all because of that. What I'm trying to say is that the whales act slightly involves but this season is the season for experience crypto accumulators to get more cheap coins.