Chinese New Year begins a new lucky year for some people!
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Topic: Chinese New Year? - page 7. (Read 1368 times)
I think there are too many excuses for the Chinese New Year! Can we say that the Olympics in Korea is to blame? I personally do not associate the fall of all crypto-currencies with such controversial events. I consider this to be a natural decline after a lot of growth and media outrage!
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 think during the Lunar New Year celebration it takes place a week before the celebration and a few weeks later I think it is still not stable and conducive, because chinese will take and melt their coins for every need in preparation to welcome their new year and personal needs until the Lunar New Year , I want to guess maybe during february this month there has been no recovery, hopefully in March to recover and rise. 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.
people just give to much significance to the chinese nye. This january market dip was very much expected to happen, as it is normal market cycle after a spike we witnessed before. Also there was so much other FUD that chinese NYE could not make bitcoin dip like that.
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.
No there won't be any new crash. Chinese new year is near and they have already cashed out their coin. Do you see how fud is slowly stopping? It means it is time to buy. At least to go short on bitcoin but i think that is it. Things are getting better 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.
*woke up next morning and saw crash
China does not affect the market as much as this fall. many traders do not stop working even on holidays
There are a lot of bad news for crypto last time, I'm looking for long term perspective so I'm buying on all this dip small amount
Perhaps it is the reason , many post were created here on this topic and as far as I understand Chinese New Year can influence market a lot whether you want it or not.
This situation is repeated every year in the cryptocurrency market. A great time to fill in your cryptocurrency wallet with new coins.
With the Chinese New Year, of course, a lot of events are connected, many say that after the Chinese New Year there will be a rather strong growth of bitcoin. But on the other hand, people do not have exact certainty. therefore here probably it is necessary to expect simply small situations.
The January fall of the cryptocurrency is repeated, as people celebrate the Chinese New Year, exchanging their cryptosaving for the fiat currencies. It starts 4 or 6 weeks before the holiday, when most people start organizing their vacations and buy gifts. Vacations will begin on February 16, however people start spending money right now. Given that bitcoin is popular in China, these phenomena have a significant impact on market movement.
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 am not 100% sure if the market fall and Chinese New Year has some connection, but alts always go down in the beginning of the winter. Anyhow, I suppose, after the period of stagnation and decreasing, the market will go up in late February.
I think that this is a point that needs some perspective. Really, a crash? I think that "dip" may be a more appropriate term to be using. The same thing happened just before Christmas in December, but then the market bounced up. I think that the long term vision is needed in terms of short term gains and losses, otherwise you risk getting caught up in emotional sell offs and major losses.
Probably yes, since many bitcoin holders are Chinese, so during their holidays some of them will melt some of their bitcoins.
What are your thoughts on the whole Chinese New Year speculation?
As expected, the same thing during Christmas and New years season. There were too many Chinese crypto people that are starting to cash out and crypto market isn't the only thing that's affected but also stock market.A lot of people think there's gonna be another crash during that time.
Those people are correct, crypto market is crashing hard now. 
Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.
I have bought at $9,000 and now it went down to $6,900.
Yes, as we see now it plays, if not the key one, then one of the main roles. But to bring down to kopecks, I think this will not happen, although the Chinese spend a lot of money for the new year. I think that now it is necessary to buy.
There is some kind of correlation between crypto and Chinese new year.
Here is the link that someone posted. It shows price downfall for last few years.
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
Here is the link that someone posted. It shows price downfall for last few years.
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
Looks like they sold before the New Year and now they can't get back in because of the crack down on cryptos in China. I think our trip to the moon is gonna fall short and we'll end up floating in space for a while. Go figure, nothing follows a pattern indefinitely. 
People believe whatever you do on Chinese New Year will happen throughout the year. So if you're selling at a loss, you'll end up with losses throughout the year. I would rather buy on Chinese New Year which means, I'll be buying throughout the year. You have to have money to buy and you only sell when you need money.
A lot of celebration on February 14, on day that will be valentines day, Chinese new year and Ash wednesday. Anyway a lot of Chinese people spending their money on Chinese new year because they believe that this is a good luck for them so most of them they will incash their money in bitcoin to spend it. On the other hand btc will increase again the value because after new years day they will invest again here in btc. This is my own opinion don't get mad at me specially Chinese people.
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