The Christmas market drop, should you worry?

in crypto •  7 years ago 

Well worrying shouldn't be in your nature when trading. It has been a rough night on the market. And I will give you and example what I mean by that.

It looks a bit crazy but let's go to the next 10.

So now we have this data. And let's be honest the market will probably recover after Christmas and maybe even before. And if you exam the 7 day graphs closely. You don't see actual drops but corrections on the extreme high the market had. But why will the market go up? The reasons to exam down is far more complicated. The demand for Bitcoin after Christmas will go up after the hype last time a lot of giftcards also have been sold. And those coins aren't circulating yet. So it will be toping up the demand. Which means the price will increase accordingly the supply. Besides trading decreases always just before Christmas the only time that the financial market doesn't do much. Making Christmas the ideal time to convert some fiat to some crypto currency.

But during this drop let's post a small list from winners:

Should you be buying those? Probably no. You rather buy those in a dropping price which are likely to recover.

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When I wrote this post it was below 14,000 $ now it is $14,055.90