I would not connect the celebration of various holidays and the change in prices for crypto currency. It's too obvious to be true. I think that the price depends on more global things.
The people that are selling the coins should know that the price is going up. This could only be a temporary issue because Bitcoin is young. 
Topic: Chinese New Year? (Read 1414 times)
Lunar New Year or China affect the economy. at this celebration usually people will more often shop culinary food and travel services. Chinese New Year celebrations are said to contribute to the decline in the value of btc or virtual currency in January. it's because Asian market participants are considered cashing in their virtual currency. in my opinion, such a thing is a normal cycle in the btc market and most likely by the end of February there will be a new trend where the currency exchange rate of cryptocurrency will rise again.
I would not connect the celebration of various holidays and the change in prices for crypto currency. It's too obvious to be true. I think that the price depends on more global things.
I agree, for example, the current drop in coin prices is not associated with any holidays. This is usually influenced by more global news, such as a government ban on transactions with crypto currencies or, for example, the legalization of a crypto exchange in a country.
I would not connect the celebration of various holidays and the change in prices for crypto currency. It's too obvious to be true. I think that the price depends on more global things.
There are lots of blessings this year of the earth dog.
The Chinese new year gives grace to the cryptocurrency because through the celebration it lessen the continuous drop down of market value of different electronic coins in the blockchain market.
The Chinese new year gives grace to the cryptocurrency because through the celebration it lessen the continuous drop down of market value of different electronic coins in the blockchain market.
The chinese are really relying on their old belief about everything. We can see that they are good in business and investing. I think they are successful not because of their belief but because they are taught to be good businessmen since they were children.
There are lots of blessings that comes when the Chinese new year come. One of these are he recovery of bitcoin from the continuous loss that faces and now they slowly recover.
When the Chinese New Year came, all coins has been pumped. Many traders got an large amount of income when Chinese New Year came but it doesn't mean it has a relation or connection to each other in suddenly increase of price.
I also do not think that there is a connection between these events. Just coins are falling when investors begin to withdraw their means in order to fix profits. This withdrawal of funds can take place at any time, any day of the year. 
When the Chinese New Year came, all coins has been pumped. Many traders got an large amount of income when Chinese New Year came but it doesn't mean it has a relation or connection to each other in suddenly increase of price.
tired of this Chinese new year's continuous uncertainty in the cryptocurrency market , it's time to start working 
the Chinese Lunar new year ends but the market is still going down and down due to the lack of cap flowing into the market 
I think Chinese Lunar New Year does not have much impact on the crypto market. I think the law prohibiting ico and the trading floor of the Chinese government influenced the market quite large.
For me there's no connection in crypto if Chinese New Year came. We all know that there's a sudden increase of price in all coins when Chinese New Year came but for me it still no connection in crypto.
Yes, there was much talk about the fact that before NG Chinese prices are so-so,and in the correction area,and only after NG Chinese,should begin rising gradually or vzryvnoi until smotrem,and we hope for an explosive,as 3 months of correction and drawdown it's tough
Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.
You are right, but the unknown frightens us. I am afraid of prices dumps because of chinese investors...
Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.
You are right, but the unknown frightens us. I am afraid of prices dumps because of chinese investors...
Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.
Yeah it pretty much had no effect and will not as well any time from now.
Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.
Now chinese new year has already ended about half month ago.
looks like not much effect on bitcoin or other cryptocurrencies after that.
looks like not much effect on bitcoin or other cryptocurrencies after that.
Yeah pretty much nothing came out, i don't think a lot of people were expecting that but it's interesting to see the reaction of people.
Chinese New Year can only have positive effect to cryptocurrency.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.
That's very far-fetched. I've seen Chinese New Year many times and they strictly follow their traditions and most of the time, they pray to their dead loved ones and ancestors so crypto has no room for that occassion.
Chinese New Year give Chinese an opportunity to gather together from all around the country.
Some rural residents will get information from their urban friends.
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