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December 12, 2015, 09:36:12 PM

And china shit theirs pants Cheesy It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.


ridiculous.... at this point in bitcoin, price is not driven in any meaningful way by these kinds of small seasonal consumption factors

What an idiot. Small seasonal consumption! ROFL  The U.S. alone spends 3.9 trillion dollars on Christmas. The entire Bitcoin market cap is only 6.5 billion. lol