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RE: Bitcoin Blood in the Streets | Be GREEDY!
I guess that people are selling their cryptos for Christmas presents, at least at first, then they created some FUD on the late investors which accelerated the decrease in price. Or who knows, maybe just some people taking profits back. Whatever it is, time has shown that after corrections like these, it is a good time to buy.
I highly doubt people are liquidating assets to buy Christmas gifts, especially just days out. The time it would take to transfer fiat into the bank would make it seem illogical to sell now. Plus the volume on that specific group of people would have a minuscule effect on the price. I'm very curious to see what caused this blood bath though.
I really doubt that too, but the people cashing out may be buying some presents from the profits they made :) For the moment it is pretty hard to find an explanation of why all the currencies are losing value at once, but this makes it a very good moment to buy some crypto!
I would love to recieve one of those presents!
What moves the price is high volume. The fall starts when a big player (maybe more) start to cashing out. Panic ensues, most people start to sell.
Panic is for the weak, now it is a good time to buy!
Maybe a week, maybe a month. You never know for sure with cryptos