I think this is my big chance to buy some Satoshis or some more low-priced LTC. One of the causes of the dip might be that people need some cash for Christmas gifts (though this might just be a small minority that doesn’t affect the price too much). Wall Street’s involvement might play a bigger role.
Anyway, this is interesting and a great opportunity for believers in the currency.
Good thinking :) Yea, Christmas shoppers might be responsible for a portion of the dip but the biggest part are the banksters who control probably like 40% of all bitcoins and are taking some profits.
Let’s not forget that XRP/Ripple rose from $0.8 to $1.2 yesterday, and the collective effort has made many people dump their BTC and altcoins. The bull run of this corporate and centralized coin came with a price for the whole market.
Every coin was on a bull run for the past couple of weeks. Seems like artificial manipulation of some sorts.
Can’t wait to read the big bank-financed news articles about the death of cryptocurrencies and how the bubble has burst. “Cryptocalipse! The Ponzi scheme is finally revealed!”.
hahahha exactly! They always try to spread FUD to bring the price down so they can buy some cheap coins :) Damn bastards and their mainstream media