Re: You selling to buy Xmas gifts or using bitcoins to buy Xmas gifts?
So, watching the price of Bitcoin going down, made me think of reasons why this might be happening now. 
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.
Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?
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.
Are you using your coins to buy Xmas gifts and to pay for your holiday expenses?
indeed that might be true because at the end of the year some people will sell bitcoin or other coins to buy gifts for their families or go on holiday abroad because so far we have seen the decline in bitcoin prices always at the end of the year like last year.
Honestly for the end of this year I will not sell my coins to buy gifts because the current coin price is less stable and it is better for me to buy a gift using only cash.