Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rubel007 on December 11, 2020, 08:03:16 PM
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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 ?
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Indeed, at the end of the year, especially Christmas and New Year, crypto prices tend to fall, actually I can understand that. Most of those who enter the crypto world are hunters and traders, they deliberately save in crypto assets from their work, so that if needed they can sell them and the end of the year is the time because of Christmas and New Year.
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I have heard a lot of news that the reason for the decline in prices that has occurred in recent days is because it is approaching Christmas. And I think that's a good reason. Where it is approaching Christmas, many people need cash and sell the assets they have. But surely all will rise again soon.
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I don't think that Christmas and New Year are the cause of the token price correction in crypto markets.
The reason "people sell crypto to buy holiday preparations" is quite funny, perhaps we should have a referendum about the willingness of holders to liquidate crypto assets to get money to prepare for holidays or not.
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Yes from some days price is continuing going down.
And many possibilities that will go down in this month. But
If i watch news about crypto then there are many news for bulish market.
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I dont think so thats reason because all market is green only Ripple red because airdrop shark has been finish every one is selling it but dont sell xrp next target is 1$ hold your coins wait for big pump soon.
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Again and again Christmas and New Year have a devastating effect on the price of crypto. Can I get through this bad time. I'm actually really looking forward to better crypto prices this year but maybe I'll wait until next year
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Now the price is falling for many cryptocurrencies, but I think this year the rally of santa claus will start and we will see a 15-20% growth in the crypto market for some top altcoins.
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For Christmas, however, the currencies have begun to depreciate. This is not a big reason. At the end of the year, the prices of cryptocurrencies continue to fall. But we should wait. Of course what kind of price will make them a good position.
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Christmas day is not the reason for the drop in the price of all coins. Have you forgotten that crypto is volatile?
Currently the market is undergoing a correction only. So if all of you think the drop in the price of all the coins is just because of Christmas, that to me is very funny. LoL
I read all the comments here assuming Christmas was the culprit. I think you guys here already understand what crypto is, and all of you are just fanatical about the bad news spread by someone who hates crypto so that you all panic and sell all your assets
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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 ?
Yes because of Christmas market is falling down. Most of the trader exit out from the trade and go for holiday. On previous year same thing happened with us. Everything will be normal after first week of January.
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We are closing the year and Christmas is a time of spending so people sell off their token to use fund for other things. As you trade this period do with caution.
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The value of any coin can fall at any time. It is natural that the market will change. However, the prices of most cryptocurrencies have started to fall sharply. It is normal for the price of any cryptocurrency to fall towards the end of the year. However, it is expected to increase in the future.
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The state of the cryptocurrency market is constantly changing. So I think the market has changed at the present time. But change will not last long. Hopefully the market situation will be much better in the new year. Many investors will benefit.
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Oh really? Where can I read this data? Is it because they need cash for Christmas? But it is a pandemic and there probably won't be much change. Therefore, let's see how cryptocurrency moves in the market later. We know that there will always be a market correction and it's about time
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We don't know exactly the reasons behind the big drop today. It may be about Christmas or many people need Fiats for celebrating the new year. But I think the market has already increased again, so the downfall just happened temporarily. Don't worry, I guess it is only because of the drop in Bitcoin price. It often happened if the price of Bitcoin declines, then almost all crypto coins drop in prices. But it won't happen for a long time.
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I think the downfall happened because many people sell their assets in order to secure their profits. I heard some bad issues, it may be one of the factors for the downfall. Many people fear that there is a bearish, so they just sell their assets as long as it is still in a bullish trend.
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I think the downfall happened because many people sell their assets in order to secure their profits. I heard some bad issues, it may be one of the factors for the downfall. Many people fear that there is a bearish, so they just sell their assets as long as it is still in a bullish trend.
No, prices fell not because they wanted to secure their assets, but because many whales were on holiday at Christmas and New Year.
The bear market is over, and now is the time for the bull market to come, because this cycle occurs every few years, so why be afraid when the price is correction?
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Indeed, nowadays Christmas is the main reason for the decline in which almost all coins have decreased. and this does have an impact on the market which looks red. And the price will get better again after Christmas ends
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It is common for coin prices to decline before Christmas. and this is a normal condition. don't panic too much because the price of coins will rise again soon after Christmas ends.
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Yes brother I agree with you. As far as I know, a lot of coins go down in the last week of the big day. Many people sell their bitcoins for the big day. So I think now is the right time to buy bitcoin. Those who will buy bitcoin in the last week of Christmas. I think they will benefit later. Many good wishes for those who will buy Bitcoin.
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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 ?
Precisely like everyone Me and you need cash for this Christmas for the things we needed so I think this is the main reason for a price and marketcap decline but I think it will return soon after the season.
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I don’t think that Christmas somehow influences the price. It seems to me that now there is just a correction. In a couple of weeks in my opinion there will be growth again.
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Cryptocurrencies tend to be in a better position every moment but I think cryptocurrencies are much more popular. Cryptocurrency is able to retain its popularity. The cryptocurrency situation around the world is much better. So the price of Bitcoin does not go down at any particular time of the year. Notice the current market.
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Yeah. I think price of crypto currencies fall towards the end of every year, I believe the reason is because many people withdraw or sale out their btc or any other crypto currencies in exchange of cash to make provision of Christmas gift,trees cloths, lightening etc all for the purpose of Xmas.
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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 ?
I don't think so dude, it's not because of what happened last 2017 December will be the same this year. What kind of reason is that I thought the market is unpredictable, so some of the community now saying this December will be the downfall of cryptocurrency, isn't Ridiculous? This perhaps might be your speculation only and lets us not justify the thing on which we don't have a valid basis anyway.
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I don't think it will happen later but I have to be careful because the market is unpredictable. It is possible that if the price drop due to Christmas occurs I will buy at a lower price or wait for it
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Bitcoin price fluctuations depend on investors and traders. So I think the price of bitcoin never fluctuates in view of Christmas. But people have an idea that prices go down at the same time every year. I think it's normal for prices to go down by the end of the year.
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This trend always exists at the end of the year, I think the market correction will occur in a few days, but traders and investors sell some coins to buy other necessities, they will need fiat money to buy many necessities such as gifts for family and other necessities. will get better again at the beginning of the year and let's see if the coin price can go up quickly
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It is true that many people cash out their money before Christmas. But this time I do not think that will affect crypto market that much. Despite the little set back crypto market stays strong still now and every time market falls it came back strongly. I think this time it will touch 20k market and make a record high.
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Most investors are taking profits before EOY thats why many of them are liquidating their assets mostly in month of December and we always see this price moving down especially in bear market but in bull market its slightly down a bit and pump again.
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I am truly amazed by crypto today, because even though yesterday the price had dropped before Christmas. However, today the price went up again. And this is truly amazing crypto. It's full of surprises, because I think the prices will continue to drop until Christmas comes.
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I am truly amazed by crypto today, because even though yesterday the price had dropped before Christmas. However, today the price went up again. And this is truly amazing crypto. It's full of surprises, because I think the prices will continue to drop until Christmas comes.
The fact is that major holidays, which have always been very important for every person, have constantly influenced cryptocurrency rates. This is exactly the period when people spend huge amounts of money on Christmas, and for this they sell their cryptocurrency. It is because of this that the price drop.
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Bitcoin prices do not fall on any given day. Bitcoin is currently popular. Bitcoin prices are much higher today than in the past few days. Bitcoin is very popular.
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One of the issue I have in this pace is that people want explanation for everything that happens to crypto tokens prices, the Christmas hypothesis is false and you can look at historical chart to see this is wrong, prices tend to pick up in December than dump.
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I think that the whales decided to celebrate the holidays on a grand scale and cut their hamsters a little, perhaps this is just an expected correction after the strong growth of Bitcoin and altcoins!
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Christmas seems to have a small contribution to make the price dropping. The bigger causes of the downfall seem about the negative news spreading by bad guys. Those people may expect to buy crypto at lower prices by spreading FUDs. They know the crypto market is easy to be influenced by bad news.
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During big days like Christmas and New Year, people need money for groceries, recreation and others. And they sell a lot of their coins so that the supply on the market increases which causes a significant price drop. Things like this have often happened and keep repeating themselves every year.
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This is, of course, inexplicable, but the fact is, indeed, coins fall on Christmas Day, apparently all people go to fiat and buy gifts and so on.
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To some extent, we can agree with the assumption of TS. After all, in the run-up to Christmas, people are cashing out their crypto assets to buy gifts for loved ones. This year, due to COVID-19, the number of assets being withdrawn may even be higher compared to last year.
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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 ?
Have you seen any deep downfall .I didn't see any coin or token get hard dump .It is true it could be a reason for any coin to get downtrend for Christmas but market still on good position .Btc is still stable around 19k$ .So that there were nothing happen yet to the market i think there will be not major affect on the market for Christmas .
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It happens a lot when Christmas and New Year bring crypto prices down a bit, but I think it's still reasonable because prices will recover quickly.
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It happens a lot when Christmas and New Year bring crypto prices down a bit, but I think it's still reasonable because prices will recover quickly.
It is clear that the recovery from falling prices has happened very quickly recently, so there is no need to worry if there will be a correction due to the big day between Christmas and New Year, everything can be said to be under control.
precisely the decline at the end of the year will trigger a sharp and rapid increase in the following year.
there will always be a correction every chance to increase sharply and the thing that always happens, we will see fantastic prices next year.
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It is clear that the recovery from falling prices has happened very quickly recently, so there is no need to worry if there will be a correction due to the big day between Christmas and New Year,
What about someone who has a lot of assets and it turns out that there is a big decline at the Christmas and New Year celebrations, can you stay calm? I do not think so. We will still panic if our assets drop significantly. In my opinion, if many predict the price will fall, during the Christmas and New Year celebrations, we should sell our coins now and hold the USD! Only then will we buy more coins if there is a big drop.
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Christmas holidays have always been and are very important for people in life. Probably, everyone, this year denied themselves many pleasant little things due to problems with Covid-19. Therefore, people will want to arrange a holiday for themselves and will spend large sums of money on it. At Christmas, the mood rises and the cryptocurrency falls.
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Perhaps this is due to the fact that many people on this holiday like christmas, want to congratulate their relatives and friends, and not sparing cryptocurrencies, change to fiat to buy gifts for family and friends, this is not accurate :o
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It seems like yes because usually Christmas Day is always a dump like in 2019-2018 and 2017.
Maybe everyone sold all their bitcoins for the Christmas and New Year holidays.
So all those cryptocurrency traders and investors are selling Bitcoin to turn into Fiat for the holidays.
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Not the only reason. But one of the reasons. When the new year comes, people need cash to pay their taxes. Sometimes it spends on entertainment. Such reasons are valid reasons for the decline.
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It seems like yes because usually Christmas Day is always a dump like in 2019-2018 and 2017.
Maybe everyone sold all their bitcoins for the Christmas and New Year holidays.
So all those cryptocurrency traders and investors are selling Bitcoin to turn into Fiat for the holidays.
That's what I expected in the near Christmas Day the cryptocurrencies will falling down because spending money to celebrate. For now bitcoin is booming and also the altcoins seems we starting to bull run but let's see what will happen in the Christmas day if the market could be fall or not.
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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 ?
I think this is a normal correction that occurs at certain times and will not affect anything because it will return to normal. no worries can be seen from the trade movements that occur.
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Christmas is just a few days away from the increase in the price of coins such as BTC and altcoins, it seems that investors have not made withdrawals or selling crypto assets that they have for Christmas and New Year needs.
This situation looks good because we don't see a downward trend in prices after the new ATH is reached
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The downfall was proven just a correction, not caused by Christmas or another factor. Look at today, even the Bitcoin price can reach new ATH. While altcoins are growing quite fast to follow Bitcoin. We don't need to worry if we must see a downfall. It may happen a moment to start for the next jump anymore.
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I think Christmas is not the reason.It is a normal correction. Normal correction is healthy for the next Rise. We should not worry.Market never go up like a Rocket.It go up and then down.
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Urs, cryptocurrecy is known for an up and down movement and may not be connected with Christmas in my opinion. However, in the period of Christmas, there are certain sentiment on the cryptocurrecy market, many participants will like to take some holidays, while some will also like to take some profit there by reducing their investment/trading activities untill the new year.
Again, there are possibilities of a market correction due to low demand at this Christmas time.
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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 ?
Christmas is not the reason for the drop in crypto prices. Do you remember that crypto prices fluctuate, unpredictably.
The increase in price or decrease in the price of coins is actually due to the number of buyers or less buyers. It could also be due to trend factors.
If people think that at Christmas people need money to celebrate Christmas they sell all the crypto assets, that's not true. Because when people need money, they prefer to get money by means of short-term investments. And look what is happening right now, the market is green and bitcoin is close to $ 25,000
If everyone were to sell their crypto assets, there would be no way for bitcoin to reach $ 25,000
Again, there are possibilities of a market correction due to low demand at this Christmas time.
My analysis says otherwise.
Currently the market demand is very much and every day is increasing
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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 ?
The scenario goes differently as we see Bitcoin pump into $23,000 in just few days. Long time bitcoin holders are definitely enjoying now when their long time awaited is over. Not all altcoins are dumping just some. Ripple is also increase and showing some positive signs to come closer in $1. Good Christmas for all who sell Bitcoin this time at $23,000.
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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 ?
The scenario goes differently as we see Bitcoin pump into $23,000 in just few days. Long time bitcoin holders are definitely enjoying now when their long time awaited is over. Not all altcoins are dumping just some. Ripple is also increase and showing some positive signs to come closer in $1. Good Christmas for all who sell Bitcoin this time at $23,000.
I believe that there is a very great reason for keeping Bitcoin in the future, since there are all prerequisites for the growth of the cryptocurrency market today. Those who are trying to sell cryptocurrency today sell only the volume that they need to purchase gifts and for the festive table.
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Now investors are selling exactly as much as they need to spend on Christmas and gifts, and this is not an indicator of the behavior of the market itself. Everyone just wants to have a good Christmas.
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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 ?
Yes i also think that. Many People Withdraw Their Capital for Christmas Festival. It is big Festival for Christian Community. So they will withdraw money for this programme. So Cryptocurrency price will down. And it will continue Minimum 10 days i think. After that time Market will Normal.
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I think Christmas has an effect on the price of bitcoin. Every year at Christmas, the price of bitcoin is likely to increase. While Bitcoin is very popular all over the world, new changes are taking place in the Bitcoin market around Christmas.
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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 ?
No brother. When you posted your comments,then bitcoin market downfall but after 17 December we got the highest record of broken 2017 records. Don't worry please.bitcoin obviously Will Go to the moon.
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Some times, in the big money day, many people are selling their assets in order to cash them out, This may also happen in the next crypto market. Moreover, we have been here more than enough. The downfall market is actually not influenced by the big moment but some may be. SO just be careful
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The price of Bitcoin fluctuates at every moment of the year. However, the price of Bitcoin increases every year during Christmas. So I think Christmas is a good day for the bitcoin market. Every year the bitcoin market tends to get better at this time.