Topic: Chinese New Year - Crypto Market - page 2. (Read 956 times)
Probably on my own, there is an effect on the market price of the entire crypto. Chinese New year celebration will make people there have a lot of money because they will receive a red envelope from their families. That is traditional and part of Chinese people giving to each other and I think most of them have money at that time. And now, those who have known crypto will surely invest and accumulate at that time that makes the demand surely increase.
Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.
Tomorrow is the Chinese New Year and I guess there is no connection between the price of bitcoin and this kind of occasion. Every year we have been tackles this situation and for me, it is normal to see a dump or pump price on the day of the Chinese New year and in fact, we should not be worried about the price of bitcoin because it's now slowly increasing. Whether the Chinese New Year has an effect or no effect on the price maybe we should still consider that bitcoin is volatile and the important thing right now we see good changes on its price.
It's was expected that the little change in this crypto world while the Chinese new year, but nothing we have seen in this system, it's true that Bitcoin price has been raised a bit in recent time along with other crypto's price, but it's not enough to get a good thing for the people because most of the people were waiting for a more price, whatever the case is, I hope 2020 will be the year of cryptocurrency and it's been started already following my aspect, I hope both Chinese and the USA government will allow Bitcoin and cryptocurrency as a legal virtual currency very soon.
Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.
Bitcoin can be stuck at a price of $ 8,300 in a few days it is a good thing, because this is an important support point, even though EMA 100 within 4 hours has passed we can still see EMA 100 within 1 day, hopefully it can be hold 
With my stay to crypto, I've seen those few Chinese new years that really gave an effect to it.
Those times were bad and it's giving the negativity whenever we're approaching on it. But, this year? we can't say that it will be the same again because it could also be different.
As per stocks there are is an ongoing uptrend on prices of certain assets. As per cryptocurrencies, we can't say for sure what'll happen, but so far we are also experiencing an increase in the overall price which is the opposite of what happened last year. We can attribute this increase to the halving that will come around this year, this might've made a positive effect on the overall price of cryptocurrencies.Those times were bad and it's giving the negativity whenever we're approaching on it. But, this year? we can't say that it will be the same again because it could also be different.
We're still far from halving and that's another thing to consider. But as for those chinese new years that passed, there's really an affect that we're seeing or we might now know that the current correction is due to this?
Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day
In fact, every time there are big days it will always be associated with the condition of the crypto market. As is the case with other holidays. Indeed, sometimes annual moments like that become an issue that has quite an impact on crypto conditions. Because most of them will be affected to release their coins. But does this mean a big impact? We need to examine it more deeply, especially on what actually happened to the market and analyze the graph of its development.
Maybe there will be effect to the market about chinese new year but not totally big impact to the crypto market. Some of cryptocians are not focus to what holiday brings in crypto maybe there's some high in price of a coin but I think it will not totally big effect to crypto especially in bitcoin price. Every year there's a changes, restrictions and new regulations so maybe this holiday will not change what on the crypto market have now.
Well the stand of the Chinese on Bitcoin in 2015 is very different from the present. Especially now that the Chinese government has their restrictions on this digital coin. Moreover, isn't it high time we stop linking Bitcoin with the Chinese. World New year and the festival period are gone, why will it be any different from this. Not trying to sound negative but some analyst online are always trying to create tension where there shouldn't be one.
Too tired to look at the stats/charts you provide. What do you think? You probably have already studied the stats and already have a conclusion. Sharing your opinion over here would be helpful instead of just asking for peoples opinion. Like others have said, the prices have always been on the green side every Chinese new years, but is this just a coincidence? Is there any reason that causes the price rise?
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day
thats what also happen last year right ? also on previous years , the price fell down before and during chinese year but the price recovers again after this event . china country were slight out of bitcoin before but this isnt about china anymore because many people around the world also celebrate this event . so the price reduction will still came. cheer up guys , the drop for btc is still small but idk to some coins but this help us to buy more in preparation for later events.
who can deny that China is the largest population in the world and technology is also advancing rapidly. so it is strongly believed that bitcoin revolves a lot in their area. Will bitcoin influence with the coming Chinese New Year in a few days? it also needs to be questioned, because the bitcoin situation at the moment there is no movement that leads to improvement, so I don't think there is any influence of bitcoin with the Chinese new year.
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day
thats what also happen last year right ? also on previous years , the price fell down before and during chinese year but the price recovers again after this event . china country were slight out of bitcoin before but this isnt about china anymore because many people around the world also celebrate this event . so the price reduction will still came. cheer up guys , the drop for btc is still small but idk to some coins but this help us to buy more in preparation for later events.
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
Today the Chinese new year is coming and now there are a lot of speculation will happen about the market price of the bitcoin or the whole market of cryptocurrency and some of us will think that the history repeat itself again the price of the coins will fall down every end of the year of January and brings back again after the middle of the year with the range of almost March to August. Looking forward i think it is better to hold if you already got investment and grab the opportunity to invest while the price is low.
I also don't understand whether it is true that the decline in bitcoin or the crypto market was affected by the Chinese New Year, and things like this are always associated with big celebrations.
but it is possible that this is true or just coincidence, because the majority of users and investors of cryptocurrency or bitcoin come from China and they make sales to celebrate.
but it is possible that this is true or just coincidence, because the majority of users and investors of cryptocurrency or bitcoin come from China and they make sales to celebrate.
Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
Chinese New Year in the past years (in exception of 2017) was celebrated in February and they were all green. So if the price holds until the Chinese new year, then history will hold true.
But I don't think price went high in 2018 on the Chinese new year episode because 2018 was really bear for bitcoin and crypto which we are about coming out from lately. Therefore, I'm trying to see the relationship of them all with the Chinese new year.
There could be a correlation between Chinese new year and Btc's price, but its all more of a repetitive coincidence than a rule
Yup, because normally we can't say on what happen because how does it affect? It was just coincidence that it would happen because there are a lot of news that can take over than saying the effect of yearly event.
There are a lot of other events in the year, like Black Friday and Xmas and Valentine's Day and every time someone wants to hype these events in the hope that it would have some kind of impact on the price. It never does and every spike or dump during or prior to these events have very little impact on the price.
There is just not enough evidence that the Chinese New Year has a significant impact on the price, so I think people should just ignore the hype that surrounds it.
They even do this with the Halving event and every 4 years the result or impact of these events are insignificant.
There is just not enough evidence that the Chinese New Year has a significant impact on the price, so I think people should just ignore the hype that surrounds it.
They even do this with the Halving event and every 4 years the result or impact of these events are insignificant.
I dont think this claim is true because this thought was came up recently when the BTC reached all time high and started tracing back, coincidentally, Chinese New Year was in between. The market is bullish right now and we are seeing good volume in flow. We may not see any dumps for Chinese New year this time. Also it is in just 4 days from now so its nearly impossible to happen.
just like Christmas does not affect on prices, so there is nothing special about the big day on bitcoin. and in my opinion none of that had an impact on the market. current increase indeed this year the market is bullish because of halving.
Even if we can see the price drop at 8400 still we cannot relate this to the Chinese new year since we don't know actually if Chinese will sell their assets sin e in the first place we are in good condition these days and for sure those Chinese whales will doubt to sell their holdings for this early stage of the year since for sure they know they will earn more money for staying at the current stand.
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