In my area we don't celebrate Western Christmas. Well, some people and the Catholic minority indeed do, but overall it doesn't go beyond some routine congratulations from the gov officials and 15 minutes news coverage on "How the aliens do their Christmas this time". Shortly, Christmas for most of us is just another ordinary day.
However, in December we have a growing tsunami of Christmas-themed movies on TV. This is because we celebrate the Gregorian New Year (and some other New Years, to a lesser extend), and if we think of Christmas as not a religious event and forget about 5 days difference, Christmas movies fit pretty well into our holiday schedule.
From the movies we know what Christmas means for the Western folk. We see stories about people doing impossible things only to spend the holiday with their family, friends, etc. The movies teach us that Christmas is more than religion only, it's more than a tradition, it's something very important.
Well, yet another Hollywood myth went busted.
On Friday I was expecting that the crypto market will stay mostly dull during Christmas weekend. Maybe, some of the ordinary BTC weekend pump from us and other guys who don't care about Christmas -- but hardly more.
On Christmas weekend Bitcoin pumped about 10%.
I don't consider "Asian whales" or mad bots to be behind this pump. The whales and bots have already had plenty of time to pump, there's no meaning for them to pump it exactly on Christmas, no way. It's "normal" folks, both "institutional" and "retail", who decided to fuck their Christmas holiday up in order to speculate crypto. If it's not a FOMO -- then what is?
Actually, in Telegram, I run across an idea of who those pumpers could be. They're ripplers who sold their Precious and the traders who played XRP during its dead cat bounce. Then they sent into BTC all the money they pulled out of XRP.
Ripple shitted its lovers' Christmas but created a merry Christmas for others. What an irony...
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Photo by Andrea Piacquadio from Pexels
