Quote from: tee-rex on January 04, 2017, 04:33:14 PM

Quote from: Xetonica on January 04, 2017, 09:03:52 AM

Quote from: tee-rex on December 25, 2016, 11:33:35 AM

Quote from: BitcoinPC on December 25, 2016, 11:26:01 AM

Quote from: mayxi865 on December 25, 2016, 05:54:48 AM

Quote from: the_poet on December 02, 2016, 08:29:37 AM

Will we find this gift under our tree?

Unfortunately, down, it is so little. Look forward to next Christmas is $2000

Off course, unfortunately bitcoin is going down on Christmas Day. Letter bit, i am not surprised, because i know that, it is not a even of bitcoin. Because it is not a Halving day. Suddenly bitcoin down in this day, than i guess people are using their bitcoin to celebrate the Christmas, may be the reason to going down the price of bitcoin. Otherwise i think within 2 days bitcoin would be grow up. So let see what is happening in the last week of the year.

Basically the same happened before the last halving. People had been expecting the price to go down some time after the event, but it topped about a month before. We can see something similar here. People expect the price to top after some specific date or holiday, Cristmas or New Year, but the trend seemingly changes before the date. The lesson is that we shouldn't follow what the majority of people think or say and should instead act to the contrary, though not mechanically, of course.

The $1000 price was reached just 7 days later. So it is still very good.

Are you sure about 7 days ago? Correct me if I'm wrong, but the $1,000 level fell only 3 days ago, on January, 1st. And since then, the price has been rising constantly without any meaningful correction. Right now it is just short of $1,100 mark and will probably shoot higher during next few hours. But it looks more and more like heavy market manipulation, with people long expecting a correction and still failing with the price ever rising. We need at least a week of consolidation at some level to make any reliable conclusion about if it is really an organic growth as some are saying.

7 days from Christmas is around January 1.

Zedmony

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