Topic: Chinese New Year 2019 - page 4. (Read 18536 times)
The price of Bitcoins are must lower this year than it was last year. So I really don’t’ think that the Chinese new year will affect the Bitcoin price in any directions this year.
china PPIO:https://www.pp.io/
u have to see, Similar to IPFS
u have to see, Similar to IPFS
The current market is very complicated. We cann't predict exactly what will happen. But I don't think, that the market will go down at this time. Because all of investors will look at what happened last year, they will be much more cautious.
Anything, even if it really doesn't make sense can affect the market. At this moment I believe market is purely emotional, one good news is not enough to pump the price but one minor issue can bring down the whole market.
I'm not a fan of historical price action and this self-fulfilling theory, but it's quite possible it will happen again. People tend to remember the bad things and want to avoid it at all cost.
I'm not a fan of historical price action and this self-fulfilling theory, but it's quite possible it will happen again. People tend to remember the bad things and want to avoid it at all cost.
We witnessed the impact on the price last year. This new year will probably repeat last year. But, on the other hand, our New Year did not affect the price, perhaps it will be repeated in China too. Situations are very complex and we are closer to red.
So historically bitcoin price tanks around Chinese New Year, starting around 23 days before the event. (https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese)
Chinese New Year 2019 is February 5th, which means we are in the middle of the 23-day-period approaching the big bang. What do you think? Do you believe in the Chinese-New-Year-Theory? Think we have bottomed yet price-wise or will it go down further?
Chinese New Year 2019 is February 5th, which means we are in the middle of the 23-day-period approaching the big bang. What do you think? Do you believe in the Chinese-New-Year-Theory? Think we have bottomed yet price-wise or will it go down further?
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