I just wanted to take this chance and wish a happy new year of the dog to all my Chinese friends out there!
And I do not think that the new year will have a big impact on bitcoin.
I do not know if many Chinese people cashed out during the last weeks to get presents for their family.
But in case it happened, that money would be invested in presents now and is not going to reenter the market.
So if there was an effect to bitcoin from the Chinese new year, it has already happened the weeks before.
Topic: Here comes the CHINESE NEW YEAR! (Read 341 times)
During the Chinese Lunar New Year, it is considered lucky for the Chinese people to make an investment. During Feb 16 trading, there were large volumes of BTC purchases on a per minute chart making the price on the market turn and have an uptrend. Assuming that those institutional, professional traders and long term investors buying at this level, the hype will follow and the public will see the growth on BTC causing the price to have a bull run in the next few months.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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As we see, all prices of different coins and even Bitcoin went up just before Chinese new year happened. But I hope that this will be a good start.
chinese new year we can expect market to be slow as of now and after the effort of chinese new year we can expect come back of market due to large number of chinese investors from asia will enjoy their holidays
Before chinese new year bitcoin price.is not good because many chinese investors sell thier some bitcoins for this holiday, and now bitcoin price got fully recovered, middle february is better than last month.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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Try to prove that most people's guesses are wrong, and that the price of bitcoin has not fallen as Chinese celebrate the New Year. The price of bitcoin rose during the Chinese New Year. Edited
a month before the price of bitcoin imlek is not good, but approaching the Lunar New Year and afterwards, bitcoin price passion back good and strongly supported by many parties.
and the point is better than last month
and the point is better than last month
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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There is no significant effect of chinese new year to bitcoin price this year like a massive correction and instead it still climbing slowly with some minor corrections. The recovery is still slow because some there are still no positive factors to push the bitcoin price into another continuous surge. the bitcoin has already suffered setbacks from supposed to be China ban on cryptocurrencies and exchanges.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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I think it's not that much when it comes to buying or selling cryptocurrency. Trading during chinese new year is still not new to traders and investors and in this time many chinese would sell their stock and some whales buy in low price. This way trading is alive and would probably pump up bitcoin and other cryptocurrency again. Hopefully this would start the rally of cryptocurrency on top like it was before.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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I think it's not that much when it comes to buying or selling cryptocurrency. Trading during chinese new year is still not new to traders and investors and in this time many chinese would sell their stock and some whales buy in low price. This way trading is alive and would probably pump up bitcoin and other cryptocurrency again. Hopefully this would start the rally of cryptocurrency on top like it was before.
Maybe after the Chinese new year, everyone can already speculate about the development of bitcoin, because china greatly affects the growth of bitcoin
I firmly believe that chinese new year will help the market rise. Investors especially the asians will put their money back in the market and hopefully March will be a bullish month for us.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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it also affect the price of bitcoin i think bitcoin pumps almost 1k$ in that day thats good for us because we earn some profit because of chinese new year. now bitcoin continues in pumping hope this will be the biggest comeback for bitcoin road to 50k i think. Edited
Recent market information feedback, Chinese New Year seems to have no impact on the BTC market!
The BTC continues to grow during the Chinese New Year, not "red".
The BTC continues to grow during the Chinese New Year, not "red".
Dude, the drop is supposed to be BEFORE the Chinese new year actually happens. As it was indeed. As the Chinese new year approached, markets rised. Or could've started right after, doesn't really matter. If you ask me, both Christmas and Chinese new year every year seem to have an impact.
And usually february/march starts the rise towards the end of the year. Hopefully again this year.
Recent market information feedback, Chinese New Year seems to have no impact on the BTC market!
The BTC continues to grow during the Chinese New Year, not "red".
I want to finish the New Year in China, people return to work, BTC will continue to rise!
The BTC continues to grow during the Chinese New Year, not "red".
I want to finish the New Year in China, people return to work, BTC will continue to rise!
China is one of the biggest crypto users in the world, the Chinese New Year is one of the biggest event for them, and in that time they tend to celebrate and spending money, so I think some of them will cashed out crypto and maybe give crypto as gift, so I think it's affecting the transaction volume of the crypto currencies
every chinese new year most markets in the world are affectef, expected to be bearish. simply because chinese knvestors halts any kind of business or money outflow during these season.something to do with their beliefs.
The chinese are one of the big investors of bitcoin. It has been a trend every year hat once the chinese new year is approaching the bitcoin price always decreases because these investors would cash out their investments so they will have money to use for the new year. After that, bitcoin will zoom high coz they will put back their investments. So lets prepare for bitcoins recovery.
So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?
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Cold China will issue a new breakthrough, certainly in all areas of ICO or also share gift gifts, that we know right now, China wants to raise bitcoin in their country, even they are not tangung tangung to build a bigger mining this year .. .
I see the Chinese New Year this year will not affect the value of bitcoin, altcoin and market, but it may be slightly decreased.
after that will be much support from asia in february and march, so bitcon price and market will be stable again. and also bitcoin will get support from USA, Canada and others.
after that will be much support from asia in february and march, so bitcon price and market will be stable again. and also bitcoin will get support from USA, Canada and others.
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