Topic: Chinese New Year - Effect On Crypto - page 3. (Read 548 times)
after face up several crashing most people expect bitcoin price could rise up again and some of them also says the price will recover back soon after chinese new year but chinese new year already passed but even though the price could climbling up and still difficult to reach again the highest price however related or not chinese new year had slightly effect for crypto
I think the January/February crash we have witnessed the last few years in advance of Chinese Lunar New Year is somewhat of a self-fulfilling prophecy. I do not think that the actual effect of the new year would be so great on the market.
Well there are some theories behind it that aims to explain the behavior. The most popular one seems to be that It's a big deal to a lot of people, and those who hold crypto are converting to fiat to prepare for it. It especially made sense back when China had one of the largest trading volumes, and it still somewhat does now because other countries like South Korea (which is a huge market) also celebrate it. It's kind of like how people were predicting Bitcoin would go down before Christmas because everyone's going to be out spending.
I'm certainly not ruling out your self-fulfilling prophecy theory though, as it does make sense. There might be people who are thinking that the market will inevitably crash because of the trend, so they decide to sell high waiting to buy low, making the prophecy go full circle.
I understand the reasoning and it does make sense and is probably true. I just feel as though the falls we've seen have been much too large to be entirely down to the new year. I've got to think it would only account for a very small percentage of the actual amount of people selling.
It has nothing to do with Chinese New Year or the January effect and everything to do with taxation. Either people are withdrawing to pay taxes owed from the previous year or they are withdrawing to enjoy thier gains for a year until they must pay taxes on the withdrawal. Come on, how many people seriously invest so much of thier cash they need to withdrawal for fireworks and train tickets?
China is world biggest and strongest country so no doubt its any action directly impact on world economy but in my opinion after China banning the bitcoin last year now Bitcoin is not directly effected by Chinese new year activities
I think the January/February crash we have witnessed the last few years in advance of Chinese Lunar New Year is somewhat of a self-fulfilling prophecy. I do not think that the actual effect of the new year would be so great on the market.
Well there are some theories behind it that aims to explain the behavior. The most popular one seems to be that It's a big deal to a lot of people, and those who hold crypto are converting to fiat to prepare for it. It especially made sense back when China had one of the largest trading volumes, and it still somewhat does now because other countries like South Korea (which is a huge market) also celebrate it. It's kind of like how people were predicting Bitcoin would go down before Christmas because everyone's going to be out spending.
I'm certainly not ruling out your self-fulfilling prophecy theory though, as it does make sense. There might be people who are thinking that the market will inevitably crash because of the trend, so they decide to sell high waiting to buy low, making the prophecy go full circle.
Always at any time in China, the market is very important to come to life, so in the very near future one should expect good growth! So I bought the bitcoins in advance, and now I'm sitting in anticipation of big growth!
Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
My thought is that it will bring new faces to the ecosystem and the old investors going back as well. So that's what we are currently seeing, the price has been increasing specially after the Chinese New Year, current price now: above $11700.What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
So the previous trend still holds as of now. But we shouldn't account everything from the Chinese New Year itself. Maybe investors from other parts of the globe are also flocking again the pushed the price to this levels. Let's see. But it looks that we are now out of danger of a slide.
What do we see now? Bitcoin was already at the bottom, now began to grow, but the celebration of the new year in China does not allow him to show all his growth. I think by the end of February, bitcoin will reach the level of 13-14 thousand dollars.
Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
I really think that Bitcoin and other market crashes during Chinese new year. As we all know that a huge number of investors are from Asia, and maybe they dump most of their holdings to celebrate the holiday. A lot of people are also contributing to the crash because of panic selling. This gives a good opportunity to investors because they can buy coins at cheap price.
I think the January/February crash we have witnessed the last few years in advance of Chinese Lunar New Year is somewhat of a self-fulfilling prophecy. I do not think that the actual effect of the new year would be so great on the market. But as people have attributed previous crashes to it I now think that many expect it and withdraw funds from the market in advance of it, thus the timing is right but the reasoning isn't exactly.
Whales are also fully able to take advantage of this to manipulate prices, if they know that there will be a reasonably sized sell off they can use that event to create panic and cause a much bigger dump.
Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
I really think that Bitcoin and other market crashes during Chinese new year. As we all know that a huge number of investors are from Asia, and maybe they dump most of their holdings to celebrate the holiday. A lot of people are also contributing to the crash because of panic selling. This gives a good opportunity to investors because they can buy coins at cheap price.
Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
There is no exact effect to bitcoin with regards to chinese new year. As you can see on the chart bitcoin price is still rising and with the chinese new year already done, i guess there is no other holiday that could make an excuse for a drop of price. So hopefully the price hike would continue until the end of this year.
I really think that it has something to do with the recent market crash. Maybe most people from Asia withdraw their money. That's why it's always safe to dump before the New Year starts, so that you can take advantage of the dump and buy coin at cheap price.
Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
I really think that Bitcoin and other market crashes during Chinese new year. As we all know that a huge number of investors are from Asia, and maybe they dump most of their holdings to celebrate the holiday. A lot of people are also contributing to the crash because of panic selling. This gives a good opportunity to investors because they can buy coins at cheap price.
I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
this speculation came out more than a month ago. in fact it is more like the January effect for bitcoin: https://bitcointalksearch.org/topic/january-bitcoin-2767038 and it happens every year where we have a sizable drop in price of bitcoin.
i seriously doubt that anybody is actually "cashing out" for any holidays or festivities or anything like that because it is absurd! you never hear people selling their stocks, golds, real estate, ... or any other kind of investment to go on a holiday. they instead use their profit from these things, their bonuses, their saving,... to enjoy the holidays!
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What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
since it already happened there is no more "fuel" left in this news to cause anything at all in the market. so i expect nothing because of it. 
The past month has been a challenges on bitcoin that price over went down. And this Chinese New Year has really effect on crypto that makes price decrease. But if we can observe now after this event price seems a plus sign to increase in the market.
I feel like that has to do with the big crash from last month , maybe the profits were to small to take . Maybe we still will get the bull run after new year next month.
The chinese New Year did not make much of an impact on Cryptocurrency this year when compared to 2017.
The year has started well as the price this time is moving more stable upwards rather than rising instantly and than crashing back badly. So instead we should prefer rise happening slowly and having a resistance which can support at a certain level will help all the investors and traders as well.
in fact, the upward trend of market has happened a few days before china new year, so it seems that it does not matter much, the most influential in my opinion is a global issue that is trying to be developed massively
Yes, it can be affect on Crypto because the Chinese celebrate the new year for the happiness tand enjoying they season so the marketing in the Chinese affected and maybe decreasing in this days for temporary but the value It will also disappear when some days have passed.
The past month has been a challenges on bitcoin that price over went down. And this Chinese New Year has really effect on crypto that makes price decrease. But if we can observe now after this event price seems a plus sign to increase in the market.
The chinese New Year did not make much of an impact on Cryptocurrency this year when compared to 2017.
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