Topic: 3 Reasons Why Bitcoin Always Declines When Lunar New Year - page 2. (Read 287 times)
This is quite fun) Open the charts for all cryptocurrencies and read who this person is in the first paragraph. Hope this panic will end soon
I'm pretty sure op has no idea what he's talking about lol.
Op, please explain #1, I'm curious.
Op, please explain #1, I'm curious.
I think we are way past that now... Where mere speculation or news would stir up bitcoin price in either direction. Price right now is so unpredictable if you are to predict what happens this month or next month... But if you are predicting what happens in a couple of years. it's quite easy. it will rise at one point again and then a bear market will follow.
1. Ang Pao Na Lai Cryptoholder who joins the Chinese New Year sometimes has to take or cash their assets to prepare for the Lunar New Year, of course, for the Ang Pao hero. Among all the assets that have Bitcoin is the asset that was first thought of, given the rather high price.
2 Bitcoin Sale Off Because every year Bitcoin always decreases when Chinese New Year. So many of the cryptoholders sell their assets before the Chinese New Year. This causes a shock to the price of bitcoin.
3. Whale Dumping Bitcoin prices tend to go up a day before Chinese New Year and continue for the next few days. Analysts suspect Bitcoin Whale is anticipating this by doing a dump before Chinese New Year and pump afterwards.
2 Bitcoin Sale Off Because every year Bitcoin always decreases when Chinese New Year. So many of the cryptoholders sell their assets before the Chinese New Year. This causes a shock to the price of bitcoin.
3. Whale Dumping Bitcoin prices tend to go up a day before Chinese New Year and continue for the next few days. Analysts suspect Bitcoin Whale is anticipating this by doing a dump before Chinese New Year and pump afterwards.
I don't know where you got this but bitcoin price continous to decline for several months now*. The current price trend can still be consider as part of the bearish market effect which now lasted for a year.
I don't consider the Chinese New Year as one of the main reason of the current trend. It doesn't have a direct involvement in the first place. Yes some people cashing out but surely it doesn't have a big effect on how bitcoin price behaves today.
Anyways all my statements are just a simple speculation. Further responses will be follow if you will respond.
1. Ang Pao Na Lai Cryptoholder who joins the Chinese New Year sometimes has to take or cash their assets to prepare for the Lunar New Year, of course, for the Ang Pao hero. Among all the assets that have Bitcoin is the asset that was first thought of, given the rather high price.
2 Bitcoin Sale Off Because every year Bitcoin always decreases when Chinese New Year. So many of the cryptoholders sell their assets before the Chinese New Year. This causes a shock to the price of bitcoin.
3. Whale Dumping Bitcoin prices tend to go up a day before Chinese New Year and continue for the next few days. Analysts suspect Bitcoin Whale is anticipating this by doing a dump before Chinese New Year and pump afterwards.
2 Bitcoin Sale Off Because every year Bitcoin always decreases when Chinese New Year. So many of the cryptoholders sell their assets before the Chinese New Year. This causes a shock to the price of bitcoin.
3. Whale Dumping Bitcoin prices tend to go up a day before Chinese New Year and continue for the next few days. Analysts suspect Bitcoin Whale is anticipating this by doing a dump before Chinese New Year and pump afterwards.
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