Quote from: Lmaooo on Today at 11:25:08 PM

Quote from: batang_bitcoin on December 18, 2021, 09:50:05 PM

Quote from: Fivestar4everMVP on December 18, 2021, 02:18:52 PM

Yesterday, I was reading an article which was stating the reasons for the recent sell off of bitcoin which in turn, has affected most altcoins as well, though I currently can't remember the website where I was reading this article, but personally, I think that what also contributed to the sell off is the festive season coming up, it is common sense that people are gonna need money to spend in Christmas and new year, for those who don't have extra, they are likely to sell off some part of their crypto holdings to enable them raise money for this festive period, am assuming that as soon as we enter the new year, as from middle of January, by then, we can tell for sure if we have slipped into a bear crypto season or not.

It's always the case when there are celebrations that are about to come, there's always the sell offs and the whales are riding it on. We'll see it then by next year if there's a call for entering the bear market. But if not, there's no need to worry and if we see these points are good for buying.
Hopefully the others too, because if they don't then that means that they're not seeing that buying opportunity.

It seems like this December is the bearish one because the entire cryptocurrency market is not looking convincing. If you look at the bitcoin and altcoins market prices you may notice their prices are all going down except a few lucky ones indeed. I think the major reason behind that was the massive sell-up by the investors before the Christmas holiday.

All this indicates that people are busy buying gifts for families and not investing in cryptocurrencies, we will probably have to wait for new price increases on the market until the new year.