Re:Bitcoin falls below $13K
by mutteraloo on Friday December 22, 2017 @08:41AM
(#15987308)
the emperor wears no clothes.....now people are seeing that bitcoin is useless for anything except gambling. it is not dollar. it is not gold. it is not visa. it is not bank.
[ Parent
| on HN ]
I think it's a bit early to call it much more than a flutter, given Bitcoin's history.
People liquidate assets during December Holidays for buying presents, vacationing, and so forth.
In other news, water is wet.
Between the time to execute the order, transfer the cash on your bank account, and buy something ahead of christmas, I would have expected people to do that a lot earlier.
Really ? People sell stock to buy presents and go vacations ?
Sure, check the S&P 500 index price. It always dips come December.
I did. It is December and it is up. Granted the month isnt over, but certainly it can't always dip in December. Even if it reliably did 60% of the time, that would quickly turn into a profitable trading strategy and it would stop happening.
Asset prices usually dip in Dec
>> People liquidate assets during December Holidays for buying presents, vacationing, and so forth.
Everyone's buying presents at the last possible moment then?
Something something correlation causation.
I'm going to leave this here: https://99bitcoins.com/bitcoinobituaries/