Chinese new year crash from today | Bitcointalksearch.org

moneyangel

member

Activity: 336

Merit: 10

W12 – Blockchain protocol

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

I see a green sign on the Bitcoin price all day as it climb to $9.6k. This is a clear indication that Chinese people are not a big holders of Bitcoin anymore, after the Chinese government give order to prohibit their citizens in all cryptocurrency activities or transactions.
We will see a Bitcoin price at $10k this weekend's just a little push.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

We're seeing growth in the exact opposite direction, though.

As I've said in previous posts, I think that it's still a bit of a myth whether Chinese New Year actually affects bitcoin prices or not. But the myth is so huge and so many people believe in it, that it's actually becoming a reality. Either that, or it actually does happen.

It makes absolutely no sense for markets to go backwards because of Chinese New Year though.

Let's assume that Chinese people do cash out before CNY in order to buy gifts or whatever in preparations for the new year, then the crash would have came way earlier than today, and from tomorrow on price should actually start recovering. If this isn't true, then price should not be affected whatsoever. None of these outcomes specifically results in a falling BTC price.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Day by day closer to the end of the lunar new year and february coming to an end and the price is, slowly and steady, climbing up. We'll see a jump at the start of march. There will be no crash, maybe a slight drop. Stop spreading panic.

Troysen

member

Activity: 476

Merit: 10

January was a good month for bitcoin during the three year period of 2012–2014, while the performance was mixed in February. Let's hope it doesn't crash even more.

kokowannabe

jr. member

Activity: 945

Merit: 1

just believe in your hearts that bitcoin will not come down, just hold and dont sell all your bitcoin ok? Grin

Nakakapagpabagabag

full member

Activity: 350

Merit: 100

BITDEPOSITARY - Make ICO's , More Secure

So what ? Bitcoin and chinese new year are not connected. So we do not believe in such words. So far the price of bitcoins is rising, so you should not say that.

mitchel_am

member

Activity: 378

Merit: 10

People can say whatever they want to say. Bitcoin will not crash and it doesn't depend on this chinese new year

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

The cashout for the chinese (lunar) new year has started 3 weeks ago.
They arleady bought their presents and their ticket for travelling.
Usally bitcoin will start to pump after lunar. Which is in 2 days (16th february).
Additionally its the year of the dog, which stands for a good financial status (and less for healthiness).

This could (hopefully) mean there is much more money flowing into bitcoin than we expect.

pitiflin

hero member

Activity: 980

Merit: 507

That is bull shit. Upfront bullshit.
You people think bitcoin will crash during every fucking festive. Don't you itself think you're sounding ridiculous and nothing but shit?
It won't crash,maybe the price will go down a little,and that by no means is crash. Learn something ,alright?

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

china = becoming a non event in crypto

cho99

member

Activity: 224

Merit: 61

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

I'm not worried at all , bitcoin is going up slowly since this morning going now to 9.3k and all analysis saying that he should break the support line of 9.5k very soon and maybe before midnight , all altcoins are recovering also , I expect that he will continue to rise to 11 K for this weekend . It's Valentine's day , such a lovely day when you say the green colour every where , I love bitcoin <3

zentdex

full member

Activity: 196

Merit: 274

I don't think so, at the time of this posting the bitcoin just raises from 8k to 9k, and as far as I know those chinese value their investment as much as possible. They will not expend a lot of money that are already invested in thus, they will use what they have earn for the last year. Bitcoin could even go up after the chinese new year because it will open up new opportunity to them.

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

I think it does not affect the market much, if bitcoin can break $9500 then we are probably going to see it above $11K, but I don't think it can break $9500 it is hard.

ukw

sr. member

Activity: 616

Merit: 250

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

Yes, the Chinese New Year is very close, but it can not affect on the market of the next 24 hours.
What influenced the market was sales a week or two before the Chinese New Year. According to me.

Bondho Kompeni

sr. member

Activity: 507

Merit: 250

Adoption Blockchain e-Commerce to World

Quote from: Crypto Jaga on February 14, 2018, 11:12:33 AM

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

hmmm, but up to now, it is the opposite. Not only for bitcoin, but also for altcoins. With many regulations, maybe Chinese contribution is not significant now, or maybe they already cashed out as they should have bought gifts etc by now. Now maybe with meeting friends, they talk about cryptocurrency, and will see increase in prices.

Less than 24 hours in my place will be celebrating the Chinese New Year, but bitcoin prices just go up and now reach $ 9350, usually they will sell a week before china new year or have passed and soon those who receive the gift will buy bitcoin.

Brito

full member

Activity: 243

Merit: 100

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

Hhmm at this point is + 7.75% for the day.

BTC
And the Chinese New Year is on 16.02. so I do not think there is any negative impact on the market, at least on this component.

jakelyson

legendary

Activity: 2240

Merit: 1069

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

The opposite is actually happening. The price has risen almost 8% since yesterday. I believe the Chinese New Year drop was over a week ago and started recovering since then. Which is actually reasonable because you would not withdraw money for the event a day before the event. I hope this recovery continues until we reach a new ath.

onemoretime8520

member

Activity: 265

Merit: 10

The World’s First Blockchain Core

the impact that the CNY was expected to have on the market has already happened and after this time the cny in my opinion won`t affect the market too much cuz cny starts 2 weeks ago than the actual date and the impact was then.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Now Bitcoin has grown rapidly and past few years and now incidents in any single country or part of the world won't affect Bitcoin network like it used to affect earlier. Thus, I don't see any crash due to Chinese new year because we have recently experienced the correction process and market is not yet recovered from that crash of about 65%. However, on a global level, things are still in the chaotic mode and I am expecting 40 to 50 days from now for a bounce back.

damrianto

full member

Activity: 336

Merit: 100

New year's Chinese accidents were only due to a lunar eclipse earlier this year but had no effect on bitcoin prices. this is often a barrier for them is the decline but it did not happen at all. this could be an issue of accidents because chinese new year is coming ..

JuniAiko

member

Activity: 126

Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

Also millennials receiving their hong-baos (red packets) from their parents and older relatives might also feel compelled to inject them into cryptos.. as I would.

faatipoke

full member

Activity: 321

Merit: 100

Token That Will Transform The Venture Capital Mark

I do think the opposite. Chinese new year is ending and once it is over chinese will buy tons of bitcoin and altcoins, this will make the prices go higher. Bitcoin and altcoins are in bear season because of chinese vacation and now it is coming to end, no need to make fud on this.

JuniAiko

member

Activity: 126

Merit: 10

DOGE:DDvXm3ZkXSFeZF9YVaTWGNyBZzfwVf8nnh

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

Would love to buy more cryptos at a cheap price again too! But I think it is a fat-hope, seeing how much FOMO is out there right now.

Cryptogodfather

member

Activity: 93

Merit: 10

Keep calm! That's just for 2 weeks!

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

I don't think that Chinese new year will have any major impact on the value of the bitcoins. After the strict stance by the Chinese government, most of the panicked investors have already withdrawn their investments from the cryptomarket. Market has been recovered from that fall and bitcoin has already crossed 9k mark and it doesn't look like there will be any correction within 2-3 days.

Quote from: BTCLovingDude on February 14, 2018, 11:23:06 AM

right now price is above $9000+ and you have lost your chance of buying it. and if things go on like this and the resistance is broken price can easily reach $14000 in less than a week.

Even I think that bitcoin will hit the 14k level within few weeks.

Xester

hero member

Activity: 994

Merit: 544

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

I do not care about the Chinese. They are always becoming the reason why bitcoin always fall. I hope that what you said in not true. Because bitcoin price right now is going up. Maybe those who are cashing out are those who are just wanted to buy some.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

you sound like someone who missed their chance of buying bitcoin when it dropped down drastically to $5900 or probably you sold your coins there!

right now price is above $9000+ and you have lost your chance of buying it. and if things go on like this and the resistance is broken price can easily reach $14000 in less than a week.

all the news about Chinese new year is already a couple of weeks old...

RACallanta

member

Activity: 182

Merit: 11

well thats normal sir. you cannot command the investor if they want to cashout their bitcoin and altcoin. of course the price of bitcoin will be go down if they cashout their balance on their wallet.. but you can't stop them of what they want.. see what happen of the price of bitcoin before and after Christmas and new year day. this only the example..

Crypto Jaga

jr. member

Activity: 75

Merit: 1

Quote from: sann111 on February 14, 2018, 10:47:12 AM

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

hmmm, but up to now, it is the opposite. Not only for bitcoin, but also for altcoins. With many regulations, maybe Chinese contribution is not significant now, or maybe they already cashed out as they should have bought gifts etc by now. Now maybe with meeting friends, they talk about cryptocurrency, and will see increase in prices.

sann111

jr. member

Activity: 196

Merit: 1

Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.

Topic: Chinese new year crash from today (Read 267 times)