I didn't really believe that the price would go up. I assumed the initial going down because I thought Chinese people would sell off their coins to pay for stuff but now that I look at the price we can see an increase. Do you guys think yesterdays increase is due to any relation with the Chinese new year ?
I don't know how their culture is but is there like money exchanging hands in any situation? I don't know what could be the reason and honestly I am making stuff up so maybe its totally irrelevant and this increase has nothing to do with the Chinese new year but if you look at the dates we can see that it is pretty close in time and right afterwards we started to see bitcoin increasing and being on a better path.
Whoever assumed it would go up was right, maybe they were right because of the Chinese new year or maybe they were just lucky but they were right all the same.
Topic: After Chinese new year BTC price will rise? (Read 20976 times)
That means this February and March should be months to watch over and it also means we might start wetness strong recovering face.
past events do not guarantee the same thing will happen again
selective bias , we tend to pick some unrelated event and justify our theories by comparing the possibility of it happening again, just because it happened in the past
in gambling it is called the gambler's fallacy
there is a chance that bitcoin goes up, but that would be because demand is > supply , not because of the chinese new year end
selective bias , we tend to pick some unrelated event and justify our theories by comparing the possibility of it happening again, just because it happened in the past
in gambling it is called the gambler's fallacy
there is a chance that bitcoin goes up, but that would be because demand is > supply , not because of the chinese new year end
every year before Chinese new year around 2-4week BTC price alway drop like last year from 11xxx in 28 jan drop to 62xx in 06 feb.
after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
Price history repeat itself and its very obvious that the end of Chinese holidays had made a significant impact on the price of bitcoin some people believed that there is no correlation between the holiday and the change in price meanwhile the recent pump in price could be attributed to the end of the holidays price is making a headway after a prolonged bearish runs which could triggers upward runs as speculated. after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
if tomorrow price not drop too much maybe it good sign
The price didn't dropped for today so it means a good sign, yes totally a good sign for the community.Although there's no exact connection that the market will recover somehow just because the Chinese new year is done.
I can't see any direct connection between Chinese new year and Bitcoin price. This looks to me like some artificial theory of connection that is pushed all the time but without any solid explanation.
Currently we can see some positive movement in the market but this is still far from recovery and I don't think is some sudden and big price rise that will come over night.
Currently we can see some positive movement in the market but this is still far from recovery and I don't think is some sudden and big price rise that will come over night.
We already past Chinese New year but since we do talk about "After" then we cant be sure if this recent price increase on BTC price is mainly
with this event nor on others, no one really knows since every fundamentals can possible affect bitcoins price unexpectedly.
with this event nor on others, no one really knows since every fundamentals can possible affect bitcoins price unexpectedly.
i dont think the sudden increase is owed to this aftermath of chinese new year stuff
more of possible etf approval. but in any case, this is good for all of us, btc holders.
let them buy bitcoin and continue its price increase...
Today there was a significant increase in the price of Bitcoin (more than 200 dollars). In conditions when a huge number of people had doubts about the continuation of his growth - this is more than obvious evidence that Bitcoin now has a trend up, not down. So, we must continue to keep our coins and not believe those who are trying to convince you that they should be sold.
we need to see what news or something to make BTC rise 7.xx% to 3666USD
if tomorrow price not drop too much maybe it good sign
if tomorrow price not drop too much maybe it good sign
We already past Chinese New year but since we do talk about "After" then we cant be sure if this recent price increase on BTC price is mainly
with this event nor on others, no one really knows since every fundamentals can possible affect bitcoins price unexpectedly.
with this event nor on others, no one really knows since every fundamentals can possible affect bitcoins price unexpectedly.
It seems like this prediction really happened, now the price of bitcoin at the exchange has begun to show an increase in prices and this happens when after the Chinese holiday, hopefully the price of bitcoin can recover to its highest price again.
every year before Chinese new year around 2-4week BTC price alway drop like last year from 11xxx in 28 jan drop to 62xx in 06 feb.
after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
What is the influence that the Chinese still have on price? already have months that the Chinese stopped exerting a great influence on the prices of cryptos. So I doubt very much that the Chinese New Year will have any influence on the price of bitcoin, the reality is that people have become accustomed to many things, are not those time of the past where any nope moved the markets
Well there's always this speculation about cny affecting the market every year though i don't see any direct effect it may have. The regular holidays where people usually spend more have hardly any effect in pulling the price down or pushing it up.
every year before Chinese new year around 2-4week BTC price alway drop like last year from 11xxx in 28 jan drop to 62xx in 06 feb.
after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
after Chinese new year (16 feb 2018) price rise back do you think this year is same pattern?
What is the influence that the Chinese still have on price? already have months that the Chinese stopped exerting a great influence on the prices of cryptos. So I doubt very much that the Chinese New Year will have any influence on the price of bitcoin, the reality is that people have become accustomed to many things, are not those time of the past where any nope moved the markets
We cant say something if we are not on that place, right? so we cants say that the price of bitcoin will rise this time after chinese new year as what happen before based on what you said because everything has the possibility to change.
Just stay calm and wait because I believe time will come that the price of bitcoin will be alright, but for now we need to enjoy what is the current situation.
Just stay calm and wait because I believe time will come that the price of bitcoin will be alright, but for now we need to enjoy what is the current situation.
Difficult to predict for future prices, because the chart doesn't have a big effect. it is actually because good news or FUD can trigger price speculation as well. If you talk about the price, maybe is able to back to 2017 but in 2020 or 2021 later, like the halving cycle.
I think that this year the influence of the Chinese new year will not be as dramatic as it was in previous years, primarily because the market is now at the very bottom for a long time and a further price drop is not included in the plans of the whales who manipulate the market. A relatively small drawdown to the level of 3000 is possible, but not lower.
I think we are in the same situations because the bitcoin price does not rise and only get down for more. But we can expect to see the price will rise again in the next week if there is many people decide to buy bitcoin and it will push the price to increase higher. Unfortunately, if we cannot see the price increase in the next week, we need to wait for a while but the chance for the price to increase still be wide open.
This may be the cause of the decline. It is a time when the Chinese are beginning to buy gifts for this holiday, and therefore they are getting rid of parts of their inventory of cryptos.
I noticed it also, repeats annually, while the course of cryptos affects not only China but also other countries of East Asia, Thailand, Malaysia and Singapore. Then, we could expect increase again.
I noticed it also, repeats annually, while the course of cryptos affects not only China but also other countries of East Asia, Thailand, Malaysia and Singapore. Then, we could expect increase again.
bitcoin will increase after Chinese New Year? I don't think so, well hopefully so that all altcoins will increase as well.
yes, we have the same hope, that after China's new year, the price of bitcoin will go up, but there hasn't been a good increase at the moment. maybe within a few weeks, we can see if it really makes the price of bitcoin rise or vice versa.Chinese new year has no relatation to the decline of the price and it cant either help to increase the price of btc . those said event is only small and not all people will celebrate it not unlike to a real new year where all the countries must participate because that is already a tradition .
The recently launched bittorrent tokens have been experiencing a large scale growth upon the Chinese new year. After the new year the price need to get pushed forward.
Btt is already growing ever since january , thats why i dont believe that chinese new year have them . its only a co incident .
The same was anticipated last year and nothing happened. it is becoming that the price of bitcoin is driven by a force that no one knows. We cannot predict whether bitcoin will rise or not after the Chinese new year holidays. The only thing now that is encouraging me is the rate at which crypto is being adopted by some institutions and firms around the globe. If there is mass adoption, the price may rise because of the demand for bitcoin in daily activities like shopping and the likes.
thats the good thing here. mass adoption will definitely help elevate the price of bitcoin.
with the increase of number of crypto users and payment centers, slowly but surely we are heading in a favourable direction...
but increase in bitcoin price after this chinese new year is still a speculation. we havent seen anything yet atm
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