Bitcoin : The latest drop was caused by Thanksgiving
Think about it. Last year this time, there were all these threads about how to tell family and friends how rich Bitcoin was making people. How it was going to the moon and you better get on.
Fast forward to a record spike, then collapse for anyone who bought after the holidays. The salesman is down, the buyers are way down and the Holiday is around the corner.
So what do you do? Well you sell. Then when the topic comes up from the smug corner (those who did not buy) you can say… “Oh I don’t have any”. Kinda like portfolio dressing that Mutual Funds do every quarter. Sell the dogs and buy the stars so that your list looks good even if you held crap all year.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: IndianaGeoff
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