Topic: Chinese New Year Influence Bitcoin? - page 2. (Read 454 times)
In my opinion no event will ever influence bitcoin, what was happening in bitcoin price is a matter of supply and demand fluctuations, bitcoin is becoming more popular around the world and I'm sure a lot of people are now looking into bitcoin investment after seeing the trend in fluctuations bitcoin made in past years, and since we know there is a limitation in bitcoin supply adjustment in price must take place. It has nothing to do with events or current status of some countries.
hopefully with the new year Imlek can push the price of bitcoin and back again so that bitcoin popularity increase again
In my opinion Lunar chinese new year really has an influence on the price of bitcoin in the market since, as we all know that Chinese are preparing enough when they have celebration what more in their new year so some of the investors pull out btc because they need money to prepare and buy goods for new year,. Also i can say that after the Lunar chinese newyear there will be new investors in crypto.
There is a possibility that bitcoin will recover by this upcoming chinese new year, maybe some chinese millionaires will try to invest in bitcoin too now. Some players might be pulling funds for bitcoin. This would be a great push for the bitcoin to rise back up again.
there is a possibility it happens, chinese new year can affect bitcoin price. in addition to bitcoin users in the country of China is very much another reason is because the Chinese state plays an important role in the development of bitcoin prices
I don’t think Chinese new year affects the value lf bitcoin. Just like another ordinary day or month, bitcoin is very unpredictable and we don’t have enough basis to know why its value have fallen or risen. Also, China banned bitcoin, so the demand of bitcoin in it is low. 
there is a possibility it happens, chinese new year can affect bitcoin price. in addition to bitcoin users in the country of China is very much another reason is because the Chinese state plays an important role in the development of bitcoin prices
there saying that the Chinese which are major players in the market are pulling funds from this market to buy lots of gifts and to make preparation as there new year approaches this could definitely be among the causal factors that contributed to the decline i suppose next year we will be able to say with some certainty as to the real influence if any the Chinese new year has on bitcoins .
China banned bitcoin in the early part of last year. As in closed down all the exchanges and told people they'd be jailed if they are caught trading bitcoin.
The Chinese were never major players, their volume was faked. And after they banned bitcoin, it soared, proving that the demand was not in China, it was elsewhere.
I don't know why people keep mentioning China as an influence - I guess they're addicted to China FUD stories.
I am sure many events recently influenced bitcoin: news about tether, incoming futures date, regulations of several countries, but do you think that Chinese New Year could also influence it at some point? Perhaps many Chinese are withdrawing now in order to purchase gifts for their family member and that could influence bitcoin rate.
I think it will have a little impact on bitcoin price in the market because it is holiday and for sure people who invests in bitcoin will surely hold their bitcoins not until the day of the chinese new year. Maybe the price of bitcoin will dump or pump because Chinese are smart and wise when it comes to handling money. They know how to play it in the market.
Do you guys know when new Chinese year ends. If I am not mistaken it'll take 40 days. It's too long if it is. In my opinion after new year we can see a good movement. We are talking about a really big country so that it'll definitely influence positively.
I do not really know about that. But I think it will quite effect the country of China. I do not think this event is too influential for the world, but who knows someone is using Bitcoin for the transaction tool. If on the day of the feast there are people who give angpao or some money to others by using Bitcoin, maybe this will give some influence on Bitcoin. All I know, usually the Chinese will give some money to their relatives and some cake-shaped food to many people. I think there are also people who distribute their money to the needy and the poor. I know all of that because I am half Chinese. My mom is Chinese and my dad is Indonesian. Anyway, I wish you have a good luck and God bless you in this Chinese new year. 
there saying that the Chinese which are major players in the market are pulling funds from this market to buy lots of gifts and to make preparation as there new year approaches this could definitely be among the causal factors that contributed to the decline i suppose next year we will be able to say with some certainty as to the real influence if any the Chinese new year has on bitcoins .
Do you guys know when new Chinese year ends. If I am not mistaken it'll take 40 days. It's too long if it is. In my opinion after new year we can see a good movement. We are talking about a really big country so that it'll definitely influence positively.
Now a lot of bad news that tells me about bitcoin that makes bitcoin prices go down, and also I think the Chinese New Year also greatly influences the price of bitcoin because it is true that what you are talking about is that many Chinese who withdraw to the needs of the Chinese New Year be patient waiting for bitcoin to rise after the lunar, i'm sure it will happen.
Yes as early years,Chinese new year too would have an impact on bitcoin price.But what's the difference is that in previous years only Chinese new year had the most impact on its price but this time its an additional factor.Its because bitcoin is now universal and not dependent only on China as it was on early days.
I am sure many events recently influenced bitcoin: news about tether, incoming futures date, regulations of several countries, but do you think that Chinese New Year could also influence it at some point? Perhaps many Chinese are withdrawing now in order to purchase gifts for their family member and that could influence bitcoin rate.
It won't. It may affect the price a little bit, but I don't think it will deviate the price so bad that it will cause another panic sell. Even the christmas season didn't affect the pricing so bad. Just a little spike and a movement by a small margin. Chinese new year won't affect the price of bitcoins that much.
I am sure many events recently influenced bitcoin: news about tether, incoming futures date, regulations of several countries, but do you think that Chinese New Year could also influence it at some point? Perhaps many Chinese are withdrawing now in order to purchase gifts for their family member and that could influence bitcoin rate.
Strange question))Why?because this is the main!! reason of influence Bitcoin) Every year,during Chinese New Year even Fiat money falls, not only bitcoins))
Maybe Bitcoin has little effect on national day, like Lunar New Year because I think bitcoin keeps rising, so it does not matter
Chinese are mining bitcoin largest in the world
The Chinese New Year has a limited impact on the digital currency market!
The main impact is India, South Korea's policy influence!
The market started to fall in January, and the Chinese New Year is still one month away!
The main impact is India, South Korea's policy influence!
The market started to fall in January, and the Chinese New Year is still one month away!
I think there may be a certain degree of impact because investors in China are actually quite numerous. Although China is still banned, and the Chinese New Year likes to buy a lot of things and needs cash, most people probably sell a bit of bitcoin Getting money can affect the bitcoin market.
How much is required to purchase gifts for family ? I do not think one has to take out Bitcoin investments for such gifts. Funny excuses people give for decrease in price.
So you think that Christmas market is not big enough ? lul Perhaps you should also pay attention to the population of China and make new calculations yourself before writing any reply.
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