End of Chinese holiday... any effect on Bitcoin Price?? - page 2.

futureofeth

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Quote from: snowdropfore on February 19, 2018, 04:24:53 AM

why all of you hoping chinese to help rise the bitcoin price ? when the bitcoin price is crash, all the people shout :f*k china ??chinese has nothing to do with it .

Exactly, people should get more awareness about the Chinese is Big country but most of the Bitcoin is not traded by themselves. So only it is not affecting Bitcoin much, it is because every year Bitcoin price is corrected in order to become more strong in the market.

Xardasim

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In my opinion its not true because when 2018 has came not only Chinese every world began sold their coins but price has not dumped.Bittrex, Cex, Bitfinex, Binance has stopped registration when new year has came. Price is dumping now. Why? I think bearish market's reason is panic selling not other reasons.

snowdropfore

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why all of you hoping chinese to help rise the bitcoin price ? when the bitcoin price is crash, all the people shout :f*k china ??chinese has nothing to do with it .

Budugbass

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Quote from: AlexAtom on February 18, 2018, 03:01:23 AM

I think chinese new year is not very affecting the bitcoin and other crypto price Grin

it could be, dude.. of course the citizens in each countries are not all not involved with the Chinese New Year's Day, and all activities will be stopped a while.. surely will be tended first on that day, some are maybe doing selling crypto also other activities are stalled, and after that activities related with crypto re-run, they are certainly doing buying back & doing a various effots that can be affecting to the price. I'm more tended thought.. for the next & so on, the price will be increasing unexpectedly (slowly but sure).

quality.crypto

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Quote from: vasrasus on February 18, 2018, 06:21:51 AM

Quote from: makngeerwork on February 18, 2018, 04:22:46 AM

The market seems stagnant and maybe chinese new year not really affects the price but maybe this little growth is due to some certain scenarios came with bitcoins but maybe we can see the huge series of pump when the real season came on bitcoins since if we based on the market charts bitcoins mostly reach its New ETH on year ends and suddenly dump on january-february.

New ATH may occur by the last quarter of the year so keep holding till then, Chinese new year doesn't seems affect crypto now since most of them were not into crypto this much due to some banned exchanges.

Yes, I agree there is no effect Bitcoin market and one thing Chinese government ban the forgien exchange due to because there are many users in their country are using cryptocurrency trading, so in this case loosing some potential to their currency, so only they ban the forgien exchanges.

timerland

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Quote from: wipeout0 on February 18, 2018, 02:25:12 AM

Price increase??

Or decrease??

Or nothing??

How about your opinion?

I think there will be a little bit of price up coz Chinese investors should purchase some Bitcoin after coming back from their holiday.

I think that prices will first decrease, then increase.

We're in the decrease stage right now.

Why this happens is because the Chinese New year event has generated so much hype that when it dies off, people will question whether or not it actually had an effect on the market and sell. But in my opinion, Chinese people will have the chance to purchase coins after the Chinese New Year, and they'll probably be a lot more confident coming out of the new year seeing the prices increase like it has and buy instead of before the CNY.

vicvicto17

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Bitcoin price is increasing and it should rise more and more. it will get to another all time high in the next few weeks. So if you have extra penny their then i suggest you can buy more coz it will take off very soon. Bitcoin price afftected due to an event celebration of CHinese New Year this is a yearly cycle.

jtbcoins

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For now it's growing, but very slowly. I don't know what to happen in the next few month. Hoping for the best!

Vaskiy

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The major reason for the recent price increase causing the price go above $11000 is the China New Year. Now the price fell to a small value down and soon it has started to grow forward. The price growth is expected to sustain with more growth being experienced on bitcoin as well other digital currencies.

PETES

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Quote from: yonjitsu on February 18, 2018, 08:40:48 AM

As you can see the market is bleeding again. I don't know if the Chinese New Year has something to do with the current dips of cryptocurrencies today. Hopefully this current dip won't last long anymore.

We can see the market to recovers by end of the month or first week of March after being in stagnant price like it's just getting a hard time dealing will all of these even though good news is embracing it. Let's just give time bitcoin to recover fully amd let bitcoin do all the job.

yonjitsu

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As you can see the market is bleeding again. I don't know if the Chinese New Year has something to do with the current dips of cryptocurrencies today. Hopefully this current dip won't last long anymore.

vasrasus

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Quote from: makngeerwork on February 18, 2018, 04:22:46 AM

The market seems stagnant and maybe chinese new year not really affects the price but maybe this little growth is due to some certain scenarios came with bitcoins but maybe we can see the huge series of pump when the real season came on bitcoins since if we based on the market charts bitcoins mostly reach its New ETH on year ends and suddenly dump on january-february.

New ATH may occur by the last quarter of the year so keep holding till then, Chinese new year doesn't seems affect crypto now since most of them were not into crypto this much due to some banned exchanges.

makngeerwork

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???

The market seems stagnant and maybe chinese new year not really affects the price but maybe this little growth is due to some certain scenarios came with bitcoins but maybe we can see the huge series of pump when the real season came on bitcoins since if we based on the market charts bitcoins mostly reach its New ETH on year ends and suddenly dump on january-february.

Qartersa

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I have the same experience as last year. Although, may I add that based on my data which is two years old, when there are forthcoming events such as Christmas, New Year, both in Roman calendar and Chinese, prices spike in anticipation of such. But whenever the day itself has arrived, the price is at a halt and begins to go mainstream on the same level. That is why I can say that I have expected this rise but at the same time saw the mainstream level that Bitcoin would have to undergo. As of writing, Bitcoin decreased in value by -1.02% at $10,584.43 from its immediate rise to above $11,000 in anticipation of the Chinese New Year and a few hours after the CNY has passed.

Kakmakr

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Just put yourself in their shoes. You just spend a lot of money on expensive gifts and expensive holidays.

How long does it take for you to recover from this? Most people funded these gifts and holidays with debt, which is even worst. Last year a lot of people bought bitcoins with debt and some are still paying off that debt and cannot buy back in, before that debt is paid.

The ripple affect of these holidays take months to go back to normal. I predict that it could take up to 6 months, before we start seeing a real recovery.

wipeout0

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Quote from: Kate Beckett on February 18, 2018, 03:19:48 AM

I believe that the fall of Bitcoin's course is partly due to the Chinese New Year. It is the Asian countries that are striving to establish control over the trade in crypto-currencies as soon as possible. After the holidays, Bitcoin will again show growth trends. If the trend turns out to be fair this time, then in the second half of February-March, bitcoin is expecting an impressive growth.

Yes. but at the start of Chinese new year, the price was increasing and it's opposite to expectation.

Anyway, I hope to see the rising of Bitcoin once again!

candy69

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I think the price of bitcoin would increase after the Chinese New Year, as a lot of investors would buy bitcoin after coming back from holiday. China factor is very important for bitcoin.

putrii

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Quote from: wipeout0 on February 18, 2018, 02:25:12 AM

Price increase??

Or decrease??

Or nothing??

How about your opinion?

I think there will be a little bit of price up coz Chinese investors should purchase some Bitcoin after coming back from their holiday.

according to my knowledge and experience in trading from last year when china holiday is over they chinese will buy bitcoin back and it will definitely make a good effect and trigger the increase of bitcoin price.

R21

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I don't understand how can keep effect over bitcoin by Chinese new holidays! but it's true now a days bitcoin price pumping. and it's continued from past some of days. and yes china is big investor of bitcoin, so if they are move again then bitcoin naturally move up.

Vektrum

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Nevertheless, already during the Chinese New Year holiday, the price of bitcoin has risen substantially and now, according to CoinMarketCap, is $ 11,047. Of course, apart from the end of this holiday, a number of other factors, such as the absence of already negative information about the crypto currency, including fake, are important. Apparently those who sought to lower the cost of bitcoin with their false news are no longer doing it, which means that they are already interested in the growth of bitcoin and other crypto currency. This can not but rejoice after such a two-month stagnation and fall. I hope that bitcoin this time will not grow evenly, without sharp and swift jerks, which then have a negative impact on it and another crypto currency.

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