Christmas only reason for downfall crypto market cap ?

[Rubel007]

Most of the popular coin's price gradually going down in market cap . Many people think that when Christmas comes the price is fallen untill end of the week . Is it main reason to downfall for crypto market cap what do you think about this inconvenience  ?

[Lorix]

I agree with the idea. Towards the end of the year, the price of most coins continues to fall. Especially in the last week of Christmas, the price of most coins continues to fall. I have been noticing for the past few years. The market will be good again. So I think the present is a good time to buy any coin.

[Galaxy]

In the last week of Christmas, the price of many coins goes down. I have been seeing this for many years. But I think this is the right time to buy Bitcoin. I bought Bitcoin at this time last year. Currently benefited. But I will sell it at the beginning of the year. So I think we should wait for the next Christmas.

[bigcash2011]

I do not think that it is valid argument to justify the dump and i am sure market will recover, yes there could be selling from holders or investors to use extra cash for gifts and holiday season but that dump will happen around or after 20th in my opinion.

[edmundo]

It could be one of those reasons as to why we often experience dumps during these periods. Several investors and traders tend to sell off assets during these times just to be able to afford the luxury of spending or experiencing their dream Christmas. Statistics and data has shown that during the Christmas and end of year activities, there are often more sales than buys leading to price dumps.

[Astra]

It is unlikely that the upcoming holidays can justify the current fall in prices in the cryptocurrency market.  Prices began to fall in early December, which is too early to prepare for the Christmas and New Year holidays.  This may be one of the reasons, but not the main one.  Apparently, many simply decided to take profits because everyone had expenses this year in connection with the coronavirus pandemic.  The first two decades of December were usually good for market price growth.  However, nothing is stable in the cryptocurrency market.  His growth is still ahead.

[zilzylian]

Crypto market capitalization is decreasing due to many possibilities such as New Year and Christmas is something that happens every year, investors and traders seem to want money in the form of fiat currency, therefore they will sell it with short-term trades and crypto market looks red for a while time, but this situation will recover soon after the start of the year.

[shadowdio]

That's one of the reason why the market is falling down because for sure they will celebrate for the Christmas day. Expect the down price of a cryptos they will sell their crypto for the holiday and in the next year I think people will start to invest in cryptos again.

[ashraf786100]

We often experience dirt in these periods. Many investors and traders sell their assets at this time to be able to spend only Christmas or face the Christmas of their dreams.

[vitek146]

It is natural and understandable that on holidays such as New Year's and Christmas, people sell some of their cryptocurrencies to celebrate the holidays with their families, have a good festive dinner, and of course gifts to all their relatives. What can be more important than celebrating the holidays with your family and making them happy with gifts, no crypt can replace this, no matter how much you have.

[masterrex]

Most of the popular coin's price gradually going down in market cap . Many people think that when Christmas comes the price is fallen untill end of the week . Is it main reason to downfall for crypto market cap what do you think about this inconvenience  ?

Well, I think you have a point, Because most people need to buy stuff during holidays, thats why they need to liquidate some of their crypto holdings with that reason the market is bracing a selling pressure thats why the price of most cryptocurrencies are experiencing a dump in most cryptocurrency prices, But I believe it will not last for long because after the Holiday celebration it will be returned to normal.

[TomPluz]

Most of the popular coin's price gradually going down in market cap . Many people think that when Christmas comes the price is fallen untill end of the week . Is it main reason to downfall for crypto market cap what do you think about this inconvenience  ?

There is that perceived notion that actually the month of December is not generally good for the cryptocurrency market but at the end of November we never thought the same can be true all because of the bull run. Unfortunately, there is that slight realization of the December curse right now, but personally I am not sure this dip can really last. Instead of looking at it negatively, we should embrace this dip and hope that the next quarter in 2021 can be a better time for cryptocurrency and will not be a prelude to a winter.

[gurunanakji777]

I think the market will be like this until the 1st week of Jan 2021 as most of the traders will be enjoying Christmas and Newyear. Generally, the total trading volume reduces during this time. I would say people enjoy their fests to the fullest and many of the traders away from trading during this time.

[gotbounty]

At the moment, I think the decline in the market is purely due to Christmas. This is indeed a common cycle, where many people sell their coins for Christmas and New Year's needs. So it's no wonder that many coins have decreased maybe until the 25th of this month.

[trauchot]

Yes, a couple of days ago there was a slight correction of the entire cryptocurrency market, but nothing serious happened, of course, Catholic Christmas is approaching and many people are selling their cryptocurrencies for various purposes for Christmas, but I don't think that this small correction of the cryptocurrency market was due to the approach of Catholic Christmas.