End of Chinese holiday... any effect on Bitcoin Price??

Apened

hero member

Activity: 1386

Merit: 504

Quote from: poplolnman on February 23, 2018, 04:07:28 AM

Quote from: BingoDog on February 19, 2018, 07:57:23 AM

No, I don't think this will have any influence on bitcoin price. Generaly speaking the influence of China is not that big as people beleive it is and the bitcoin price is not falling nor rising (only) because of them.
Currently market looks like it's recovering, the price is slowly rising crossing 10000$ but I don't think this has anything to do with China.

Yeah this is just a rumor that created by the community, some people hoping for a group of panic buyers and then sell it to dump the market. That's just another trading game , psychology are the main target, I don't think also about this Chinese things could have a great impact anymore.

Chinese new year have no impact at all, and whats happened after that is a money going to bitcoins go to 11k usd. I sense a better market by the 2nd week of march if ever any FUD is not present to make the price dumps again. We are in the healthy consolidation stage now. ImHo

poplolnman

legendary

Activity: 1442

Merit: 1008

Quote from: BingoDog on February 19, 2018, 07:57:23 AM

No, I don't think this will have any influence on bitcoin price. Generaly speaking the influence of China is not that big as people beleive it is and the bitcoin price is not falling nor rising (only) because of them.
Currently market looks like it's recovering, the price is slowly rising crossing 10000$ but I don't think this has anything to do with China.

Yeah this is just a rumor that created by the community, some people hoping for a group of panic buyers and then sell it to dump the market. That's just another trading game , psychology are the main target, I don't think also about this Chinese things could have a great impact anymore.

Sengoko

full member

Activity: 491

Merit: 105

Quote from: Dapper on February 18, 2018, 02:14:34 AM

There isn't a clear cut "Chinese" effect. It's an extremely diverse economy made up of many levels.

Well, most people will not want to believe that since they will always want to stick with what they want to believe anyway. We are talking about a diverse global market here and some people feel Chinese coming into the market is going to make a difference. Even if anything happens now and we see bitcoin having a bull run, after a breakout, it would happen anyways, which would not have anything to do with the Chinese.

richminded

sr. member

Activity: 798

Merit: 268

Quote from: carlisle1 on February 20, 2018, 03:00:36 AM

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

so what now?its how many days after Chinese newyear ?is there a good effect?well for me i guess theres some small affect because bitcoin price is stabilizing now and doing better ..so best thing to do is to wait for another week for improvement

Don't expect bitcoin to bounce back easily, cause it takes time before that things happen. Though Chinese holidays affects the price of cryptocurrency it doesn't mean that cryptomarket should bounce back after that. Wait for weeks to months now and you will enjoy higher value of every coin, it will pump and dump but at the end higher value will be made.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

as i noticed after the holiday the price always pull back to $10k after it reached $11790k and it didn't surge it always fluctuate . And perhaps IMO the price will stay at 10k and it will never go dip again, and as the technical analysis of some expert the price has a potential to reach the $12k because of its movement . So for me the price will fluctuate always but it Will never go dip again and besides the price will increase after,, like what other predictions.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: gabmen on February 21, 2018, 11:16:42 AM

Quote from: maydna on February 20, 2018, 10:58:11 PM

Quote from: mrcash02 on February 20, 2018, 09:03:49 PM

It was increasing slowly, now a little correction is happening, let's see for how longer...
Almost all the Crypto market is red at this moment!

Chinese new year's holidays are finishing, maybe just a coincidence?

I hope the altcoin could increase high one more and then bitcoin price will follow to reach and make a new high price too. and yes, almost all altcoin is in red sign and I hope this is just temporary and it will increase later but I see that there is many people don't have the patience to wait for the price and they make a fast selling in altcoin because they don't want to make a bigger loss for holding their altcoin.

Well now that cny is over, there's no significant movement yet from btc. Goes to show btc's habit of making fools out of people who say they're experts. A couple of resistances have been broken yet but its mostly sideway with some corrections as well

Initially though there was a high expectations and bitcoin price rose to $11,700 and think that it maybe a start of another bullrun because of the Chinese New Year, however, it didn't materialized as we have been in wild price swings. Roller coaster ride between $10,300-$11,700 so with that said, there's not much impact to the price.

Quote from: naidray on February 21, 2018, 12:29:59 PM

Quote from: snowdropfore on February 19, 2018, 03:24:53 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 .

Lol, now when the price is down, they are still the same set of people saying that the Chinese will come buying when they are done with their new year. That is human for you mate! They always want to find a reason for everything even when there is absolutely none. It could be, it may not, but one certain thing is that bitcoin is a global market and it seems the community gives too much relevance to Chinese in this equation.

Exactly, we always looks for reason or excuses when Chinese has really nothing to offer now because of the heavy clampdown their government is doing so. I say that we just admit that its over, Chinese no longer that dominant since last September's sudden U-turn by the Chinese government.

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: snowdropfore on February 19, 2018, 03:24:53 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 .

Lol, now when the price is down, they are still the same set of people saying that the Chinese will come buying when they are done with their new year. That is human for you mate! They always want to find a reason for everything even when there is absolutely none. It could be, it may not, but one certain thing is that bitcoin is a global market and it seems the community gives too much relevance to Chinese in this equation.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: maydna on February 20, 2018, 10:58:11 PM

Quote from: mrcash02 on February 20, 2018, 09:03:49 PM

It was increasing slowly, now a little correction is happening, let's see for how longer...
Almost all the Crypto market is red at this moment!

Chinese new year's holidays are finishing, maybe just a coincidence?

I hope the altcoin could increase high one more and then bitcoin price will follow to reach and make a new high price too. and yes, almost all altcoin is in red sign and I hope this is just temporary and it will increase later but I see that there is many people don't have the patience to wait for the price and they make a fast selling in altcoin because they don't want to make a bigger loss for holding their altcoin.

Well now that cny is over, there's no significant movement yet from btc. Goes to show btc's habit of making fools out of people who say they're experts. A couple of resistances have been broken yet but its mostly sideway with some corrections as well

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: mrcash02 on February 20, 2018, 09:03:49 PM

It was increasing slowly, now a little correction is happening, let's see for how longer...
Almost all the Crypto market is red at this moment!

Chinese new year's holidays are finishing, maybe just a coincidence?

I hope the altcoin could increase high one more and then bitcoin price will follow to reach and make a new high price too. and yes, almost all altcoin is in red sign and I hope this is just temporary and it will increase later but I see that there is many people don't have the patience to wait for the price and they make a fast selling in altcoin because they don't want to make a bigger loss for holding their altcoin.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

It was increasing slowly, now a little correction is happening, let's see for how longer...
Almost all the Crypto market is red at this moment!

Chinese new year's holidays are finishing, maybe just a coincidence?

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

reasonable nothinin effect,since Chinese government has a hard actions towards our community,so what should we expect from them.and besides were doing good without them so lets stay this way,better without them so no fud and panicking will happen if ever they are maing some statements again

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Gargo on February 20, 2018, 08:05:46 AM

So far, I do not see any great influence of the Chinese new year on the price of btc. Although, the price is rising, but not very fast. Maybe we should wait a few days to see if this has an impact on the market.

sure chinese new year did affect the price of bitcoin but since it was now ended i also see that the price of bitcoin is now recovering.

Quote

Maybe we should wait a few days to see if this has an impact on the market.

no need because as i said earlier , the price of bitcoin is now recovering and we now already see that chinese new year did affect the market. not just chinese new year but any holiday or events could possibly lead to price reduction because people will always spend and withdraw some of their coins in order to have enough cash to celebrate

Gargo

sr. member

Activity: 585

Merit: 251

So far, I do not see any great influence of the Chinese new year on the price of btc. Although, the price is rising, but not very fast. Maybe we should wait a few days to see if this has an impact on the market.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Herbert2020 on February 18, 2018, 01:37:58 AM

technically end of holidays means traders will come back and also a lot of money will come back from investors to be invested back in bitcoin. so it can lead to increase in bitcoin price.
but mainly the effect that Chinese holidays had on bitcoin was a little part of the recent panic sell because people thought the price will drop and so obviously when it is over that same panic sell should reverse and lead to a little part of the rise. part of the current rise we are seeing now may be because of that.

Yeah bitcoin rose to $11k but it has been having steady rise before the Chinese new year rounded up. These guys are part of the puzzle but I guess people just like hyping the whole thing about the Chinese like they have the highest percentage of the market when of course we are talking about the global market here. What even makes people think the smart ones among them are already not in?

I personally have always felt that the whole Chinese year thing affecting the value of bitcoin has just always been overhyped. Sure, new traders may start wanting to get in, but it is usually a coincidence as the market has already been picking up even before the Chinese new year ended and now that it has, not like there was a head on collusion of bulls on the chart from what I am seeing.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

the only thing that Chinese holidays did to bitcoin was to create some panic sells based on pure speculation (saying Chinese are selling to cover the cost of their travels!) and increase the size of the drop that was already going on.
and now it is having the same reverse effect. as the New Year is over now, the panic sell due to that pure speculation is over and with it the sell pressure is vanished. so with the price already rising, it became easier to reach higher prices.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

so what now?its how many days after Chinese newyear ?is there a good effect?well for me i guess theres some small affect because bitcoin price is stabilizing now and doing better ..so best thing to do is to wait for another week for improvement

plastcom

full member

Activity: 224

Merit: 100

Quote from: Xardasim on February 19, 2018, 06:55:36 AM

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.

This account, Xardasim is stolen !! You are a thief - please, give back !!

The information has been forwarded to cyrus - bitcointalk admin.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Times without number, we only want to give ourselves reasons where none or the right one exist. When the Chinese were about to start the new year, and the price of bitcoin was going down, I remembered that someone was explaining the reason to mean because the Chinese were starting the new year but along the line the price starts to increase and my question is Did the Chinese sneak out to trade in crypto currency in other for the price to increase?

The fact is, whatever happen to price is a cumulation of factors that are even unknown to a lot of us and any obvious festival that happen at that point in time, is purely a coincidence and not anywhere related to the direction of price swings.

BingoDog

hero member

Activity: 658

Merit: 505

No, I don't think this will have any influence on bitcoin price. Generaly speaking the influence of China is not that big as people beleive it is and the bitcoin price is not falling nor rising (only) because of them.
Currently market looks like it's recovering, the price is slowly rising crossing 10000$ but I don't think this has anything to do with China.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: wipeout0 on February 18, 2018, 01:25:12 AM

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

You know that China banned bitcoin in the spring of last year, right? All the exchanges were shut down - and it made no difference to the price because it turned out they weren't players in the bitcoin market, it was all fake volume.

The end of the Chinese new year will have no effect because a) they can't buy bitcoins, they haven't access to exchanges and b) they weren't very into bitcoin in the first place, it was all fake.

futureofeth

member

Activity: 686

Merit: 10

Quote from: snowdropfore on February 19, 2018, 03:24:53 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

sr. member

Activity: 1624

Merit: 250

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

hero member

Activity: 843

Merit: 1001

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

full member

Activity: 392

Merit: 100

Quote from: AlexAtom on February 18, 2018, 02:01:23 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

member

Activity: 854

Merit: 10

Quote from: vasrasus on February 18, 2018, 05:21:51 AM

Quote from: makngeerwork on February 18, 2018, 03:22:46 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

hero member

Activity: 1526

Merit: 596

Quote from: wipeout0 on February 18, 2018, 01:25:12 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

member

Activity: 362

Merit: 10

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

sr. member

Activity: 560

Merit: 250

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

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

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

full member

Activity: 456

Merit: 100

Quote from: yonjitsu on February 18, 2018, 07:40:48 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

full member

Activity: 476

Merit: 100

www.daxico.com

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

hero member

Activity: 946

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: makngeerwork on February 18, 2018, 03:22:46 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

full member

Activity: 141

Merit: 100

???

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

hero member

Activity: 868

Merit: 535

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

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

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

newbie

Activity: 137

Merit: 0

Quote from: Kate Beckett on February 18, 2018, 02:19:48 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

member

Activity: 392

Merit: 12

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

full member

Activity: 420

Merit: 100

Quote from: wipeout0 on February 18, 2018, 01:25:12 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

full member

Activity: 327

Merit: 101

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

member

Activity: 420

Merit: 14

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.

paulo29

newbie

Activity: 147

Merit: 0

End of holidays,does it affects the price of bitcoin, well i guess there is little bit affects on the price of bitcoin. the price stabilize a bit. I guess we could expect some bitcoin traders will be active, after this holidays so wait and hope.

Kate Beckett

member

Activity: 280

Merit: 28

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.

Gontxi

sr. member

Activity: 966

Merit: 250

Quote from: marcuslong on February 18, 2018, 02:07:41 AM

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

After the end of Chinese new I've noticed that the price of crypto coins especially bitcoin will grow up again.And you have exactly right that after holiday many of investors started to purchase right now.This is a sign of a nice and a better income to all of us and It should be a great feelings just like a fullfillment for being an earner of bitcoin.This is a promising moment right now and I believe that bitcoin will be an instrment to make us rich.

yes I think I agree with you. this time the market grows back after the Chinese New Year celebration day. bitcoin growth is pretty good slowly but surely. I am happy with this situation. but I hope the bitcoin grows slowly. because of the effects of rapid growth, will lead to a correction back.

Dapper

sr. member

Activity: 560

Merit: 260

There isn't a clear cut "Chinese" effect. It's an extremely diverse economy made up of many levels.

marcuslong

legendary

Activity: 1036

Merit: 1002

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

After the end of Chinese new I've noticed that the price of crypto coins especially bitcoin will grow up again.And you have exactly right that after holiday many of investors started to purchase right now.This is a sign of a nice and a better income to all of us and It should be a great feelings just like a fullfillment for being an earner of bitcoin.This is a promising moment right now and I believe that bitcoin will be an instrment to make us rich.

AlexAtom

member

Activity: 560

Merit: 10

YOUC - www.youengine.io

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

wipeout0

newbie

Activity: 137

Merit: 0

Quote from: Lovecove on February 18, 2018, 01:43:15 AM

Bitcoin is back to $11k, and it's most likely going to rise some more after the retrace.

Lots of events coming up, like new openings of futures contracts. The crash should be over unless more FUD comes out. FUD and regulations :/.

Hopefully more good news will come and we'll see a healthier market.

Hope so, 2!!!

krishnaverma

full member

Activity: 1442

Merit: 108

Quote from: Maryverycool on February 18, 2018, 01:44:40 AM

I don't think the Chinese New Year will have an impact on the price of bitcoin. Here, I see a lot of people saying that the Chinese will sell their bitcoins to celebrate the New Year, leading to a brief drop in bitcoin. In the past few days, Chinese New Year, I have not seen the price of bitcoin decline, it has gone up.

I agree to this. How much one needs to buy gifts ? I do not think that a logical person is going to touch his investments like bitcoins for that purpose. Monthly salary and festival bonuses are sufficient for buying gifts.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: wipeout0 on February 18, 2018, 01:25:12 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.

Looks like the end of Chinese Lunar Year bring positive impact to the ecosystem. Right now bitcoin has surpassed $11K barrier and I do not see anything in the radar that influence the price movement other than the end of the Chinese New Year.

I'm skeptic at the very beginning, I'm questioning what would they go back to the market after the holiday? I guess I'm wrong (again!!!). Although there's a lot of members here saying that it will really pick up. Lets see how it goes if this is sustainable or just a short term burst.

Although there's one interesting article to read and pounder.

https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16

An anonymous trader bought 400 million worth of bitcoin. That is one huge order and I'm sure that is has impacted the ecosystem.

wipeout0

newbie

Activity: 137

Merit: 0

Quote from: Herbert2020 on February 18, 2018, 01:37:58 AM

technically end of holidays means traders will come back and also a lot of money will come back from investors to be invested back in bitcoin. so it can lead to increase in bitcoin price.
but mainly the effect that Chinese holidays had on bitcoin was a little part of the recent panic sell because people thought the price will drop and so obviously when it is over that same panic sell should reverse and lead to a little part of the rise. part of the current rise we are seeing now may be because of that.

It's good opinion. I hope to see a rise of the price!

Zyborg

sr. member

Activity: 476

Merit: 256

Mining of BTC 71% is being managed in China and China is a great contributor in the BTC trading,Chinese new years holidays are going to end and huge flock of investors will return which means that demand will increase,price will hike once again.So in this connection we can say that China economy also affect BTC Trading.As it is being universally anticipated that huge investment is being expected in coming months,so this may be of that aspect.

Maryverycool

newbie

Activity: 98

Merit: 0

Quote from: wipeout0 on February 18, 2018, 01:25:12 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 don't think the Chinese New Year will have an impact on the price of bitcoin. Here, I see a lot of people saying that the Chinese will sell their bitcoins to celebrate the New Year, leading to a brief drop in bitcoin. In the past few days, Chinese New Year, I have not seen the price of bitcoin decline, it has gone up.

Lovecove

member

Activity: 161

Merit: 38

(Thank you for all the merit =) ) ~Lovecove!

Bitcoin is back to $11k, and it's most likely going to rise some more after the retrace.

Lots of events coming up, like new openings of futures contracts. The crash should be over unless more FUD comes out. FUD and regulations :/.

Hopefully more good news will come and we'll see a healthier market.

Herbert2020

legendary

Activity: 1946

Merit: 1137

technically end of holidays means traders will come back and also a lot of money will come back from investors to be invested back in bitcoin. so it can lead to increase in bitcoin price.
but mainly the effect that Chinese holidays had on bitcoin was a little part of the recent panic sell because people thought the price will drop and so obviously when it is over that same panic sell should reverse and lead to a little part of the rise. part of the current rise we are seeing now may be because of that.

wipeout0

newbie

Activity: 137

Merit: 0

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.

Topic: End of Chinese holiday... any effect on Bitcoin Price?? (Read 457 times)