Small Crash After Christmas? - Here's Why
The crypto brothers are back to continue our mission @cryptocentral. We were working very hard on our new projects, and now that everything is mostly setup, we finally found some breath to continue with our passion: Cryptocurrency.
As every year, the price of Bitcoin is falling right before Christmas. This is because people are cashing out their profits, especially this year with the insane surge in the last weeks, to buy some christmas presents for their loved ones.
So expect the price of bitcoin and the cryptocurrency market in general to dip until Dec 25th and then stagnate or fall further until beginning of January.
Judging from our yearly amazon seller statistics of the last 4 years, we can say for sure that a lot of people start buying presents in the last week before Christmas. This is another strong argument to back up our theory.
STAY BEARISH!
With Bitcoin going down to the $15k range and altcoins stagnating and falling since the last 24h, it's very likely that most of us will be able to buy in cheap, if we stay bearish right now. Looking at the bitcoincash insider trading and the koreans pushing the price to insane new highs, its also best to stay bearish on bch, too. Meanwhile - if you are a bitcoin holder - you can collect your "airdropped" shitcoins like bitcoin diamond .
Keep that in mind, maybe stay bearish until at least beginning of January 2018. New year, new luck.
I’d say now it’s a pretty good time to put some money in, sure it could go down even more but right now everything is a bargain 😊
Plausible theory, i dont know if ill wait till january to start puttin some more money in as the increased popularity of BTC has people eyeing the price of it very closely and as soon as it ll start to go up people will jump back on the trian pretty quickly if they haven't been burned already.