Topic: Chinese New Year? - page 12. (Read 1414 times)
I do not think most Chinese people are involved in bitcoin investment. Although Chinese people spend a lot of money on the New Year, they will not sell all the coins. So I do not think Bitcoin prices will go down because of Chinese New Year.
Bitcoin Price speculation in china and the impact on the market is something we really have to critically look into. In china Bitcoin itself is legal in the country, it is only bitcoin trading that is restricted. I think in any market economy what causes the greatest impact is the trading activities in exchange market. But we all know that Chinese government has ban bitcoin trading and shut down major exchanges in recent times. So when we talk about Chinese new year festival causing the crash in the market I begin to have a question mark. What I think is causing this down trend is the panic from these wrong information sources. When people hear that China is going to celebrate their new year festival and that price will fall they begin to panic and start selling their bitcoin and other cryptocurrencies. It's not the festival itself that is causing the crash, but the panic. Until we learn to stop panicking market prices will continue dive nose. Thanks
There is a possibility of another "crash" and it might be worth having some extra money in fiat to buy cheap. There is a question how much it can influence the market as we have strong FUD for quite a long time going on, so I am not thinking that this event will bring another big crash, or if that happens, there might be strong FOMO after the end of Chinese New Year.
Ya off course Chinese new year always gave negative effect to crypto market. But i think almost Chinese withdraw there money during crash down and only few were left who sell there coins. So according to me u can't see very big break down to crypto currencies during Chinese new year which is expected by everyone. If u want to saw all currencies on there previous prices then wait till March-April.
What are your thoughts on the whole Chinese New Year speculation?
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
I think i will keep waiting for mid february even to march.
Chinese new year maybe will affect the price a little, but i don't think it will be significant.
a lot of speculation that after the Lunar new year is the beginning of the rise in bitcoin prices,we look at the previous couple of years that when the Chinese new year,the market price of bitcoin is very bad and after some time after the Lunar new year,the price of a bitcoin direct to go up drastically.
It will not really affect much the value of bitcoins or other crypto.Not all Chinese are involve in crypto currency and at the same time they already cash out that's why Bitcoin are on it's dip now.The best thing to do now is to buy and hold.For sure there's a big profit coming after all.
The price of bitcoin is declining and privilina not only in the Chinese new year, but also in what is happening now in the world. Very poor news background. But I think that price recovery is just as inevitable.Just need Hodl and wait a bit.
The chinese probably has cashed out their profits. So what we have seen in the past few days is them cashing out. We could expect bitcoin and crypto in general to rise in the coming days.
If the current crach depands on the cashing out by the Chinese (I doubt this is the real reason), you shouldn't expect to rise of bitcoin price in the coming days. China plans to celebrate the New Year from February 16 to March 2. It will not be soon 
What are your thoughts on the whole Chinese New Year speculation?
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
if you have spare money it is better to stock bitcoin when people sell it. it always happen but bitcoin price always back to increase. i know some people already know it and they stock bitcoin at low price A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
I have some chinese friends and they dont think it will go down due to their newyear.
I don't see how Chinese New Year will impact the market in any significant way. Maybe less news on the "banning". There will be no crashing due to Chinese cashing out the coins. Chinese always have enough cash and savings, remember that.
Actually if you do a research you will in the past charts that the price or value of bitcoin usually drops every february. Thus, making chineses new, a one reason why i did so because we all know that huge part or most of bitcoin owners or holders are chinese. Which affects the price during their festive, just like our holidays we tend to spend a lot of money which supports this speculation. A lot of chinese spends during chinese new year thus requires to withdraw or exchange their bitcoins which makes the value of bitcoin drop.
Here the picture I was talking about:
Disclaimer: picture not mine. Credits to the owner.
Here the picture I was talking about:
Disclaimer: picture not mine. Credits to the owner.
The chinese probably has cashed out their profits. So what we have seen in the past few days is them cashing out. We could expect bitcoin and crypto in general to rise in the coming days.
yeah, make sense that Chinese will cash out their Bitcoin for their new year.
Good time to invest when down in market
Good time to invest when down in market
What are your thoughts on the whole Chinese New Year speculation?
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
I don't think if the cryptos currencies price went down due to Chinese new year, i just buy and sell cryptocurrencies based on the trend of price and right now all of cryptocurrencies are down trend, i will wait until the price to be stable then buy back holding for long time investment, but for trading altcoins i used very short term strategy when get the profit i will sell all of them, that's it. A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
i read everywhere that the bitcoin crash cause is chinese lunar year.
are chinese peoples really buy the present with bitcoin ?
i tought their government ban crypto.
are chinese peoples really buy the present with bitcoin ?
i tought their government ban crypto.
What are your thoughts on the whole Chinese New Year speculation?
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
as the New Year of Chinese come closer, the cryptocurrency will remain on a crash, but let's not cut ours loses as we need to hold more and buy more on the dip. after the new year will have the best time to have in crypto again.
this happens yearly so no need to panic. let's take a look at 2017 graph and study why this is really happening now.
If you panic then you lose.
What are your thoughts on the whole Chinese New Year speculation?
A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
China is one of the most influential countries in Cryptocurrency and this is the best chance to see the whole market collapse because of the high demand for cash by Chinese people. If you invest at this time, this is probably the best chance you can get cheap Bitcoin and all other altcoin. A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
I think that after the Chinese new year the situation on the market will improve. Many traders will return for work and trade will be more active. New money will come in crypto
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