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By making the prediction, it can become a self-fulfilling prophecy. He is probably just trying to make the price drop more so that he can buy even more Bitcoin
by jondubois 9y ago
By making the prediction, it can become a self-fulfilling prophecy.
He is probably just trying to make the price drop more so that he can buy even more Bitcoin.
The end of the year is often a time when people get together... Bitcoin is bound to come up in conversations. So I think that there might actually be a big rise in interest after Christmas.
- charlesdm 9y agoWhat do you do when you're raising a $500m fund and the train is leaving without you?
- madaxe_again 9y agoThe last few days have been delightful for longer term holders - it’s just been wave after wave of panic selling, with everybody seemingly forgetting that there are futures contracts out there for Jan delivery at $16k+. I think what we’ve just seen is a bit of a forced sell off, to drive the price down before the next big speculative bubble, which will likely mirror the one after thanksgiving.
- Fnoord 9y ago"After Christmas" is vague. Its likely people are going to buy a lot right after dec 31 because taxation upcoming this year is about what's owned from before jan 1. The IRS et al is also going to receive some large sums of money over Bitcoins in 2017. Disclaimer: I don't know any cryptocurrency.