Ive been reading about the Chinese New Year and found this
What I make of it, related to the crypto world is: many chinese are prepairing for the new year. So low on trades and thus sets prices bit lower. But... all the chinese will hook up with eachother and ofc tell their family and friends of their crypto-coin business. I believe after the Chinese year new many more new miners and investors from China will move in.
I see a golden road for a real, serious coin like Klondike
(must admit im riding leaf also atm, making nice profits I use to buy up more KDC
)
Quote
Chinese New Year is the longest and most important celebration in the Chinese calendar. The Chinese year 4712 begins on Jan. 31, 2014.
[...]
The Lantern Festival
In China, the New Year is a time of family reunion. Family members gather at each other's homes for visits and shared meals, most significantly a feast on New Year's Eve. In the United States, however, many early Chinese immigrants arrived without their families, and found a sense of community through neighborhood associations instead. Today, many Chinese-American neighborhood associations host banquets and other New Year events. source*
[...]
The Lantern Festival
In China, the New Year is a time of family reunion. Family members gather at each other's homes for visits and shared meals, most significantly a feast on New Year's Eve. In the United States, however, many early Chinese immigrants arrived without their families, and found a sense of community through neighborhood associations instead. Today, many Chinese-American neighborhood associations host banquets and other New Year events. source*
What I make of it, related to the crypto world is: many chinese are prepairing for the new year. So low on trades and thus sets prices bit lower. But... all the chinese will hook up with eachother and ofc tell their family and friends of their crypto-coin business. I believe after the Chinese year new many more new miners and investors from China will move in.
I see a golden road for a real, serious coin like Klondike
(must admit im riding leaf also atm, making nice profits I use to buy up more KDC
)Not to be a debbie downer, but the 31st is also when the new Chinese rules on Cryptocurrency transactions go into effect. Nobody know what February 1st will bring.
!!!?? 
