thanks for not dumping on your run up
Topic: [2016-02-07] Bitcoin Traders Take Note: Happy Chinese New Year (Read 322 times)
Happy new year to all our Chinese traders
thanks for not dumping on your run up
thanks for not dumping on your run up
February 07, 2016, 06:49:24 AM
While some in the institutional blockchain community are focusing on the fact that Chinese miners control the majority of the bitcoin network, for traders it’s more important to remember that the absolute majority of the trading volumes also comes from China.
As the people of China go on a week long holiday for Chinese New Year (Spring Festival), a time of celebration and family gathering, trading will not be at the top of their priorities. Therefore, we should expect to see a drop in trading volumes, leading to less liquidity, something traders should keep in mind.
http://www.financemagnates.com/cryptocurrency/trading/bitcoin-traders-take-note-happy-chinese-new-year/
As the people of China go on a week long holiday for Chinese New Year (Spring Festival), a time of celebration and family gathering, trading will not be at the top of their priorities. Therefore, we should expect to see a drop in trading volumes, leading to less liquidity, something traders should keep in mind.
http://www.financemagnates.com/cryptocurrency/trading/bitcoin-traders-take-note-happy-chinese-new-year/
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