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Topic: Market movement after the Chinese New Year holiday - page 3. (Read 455 times)

newbie
Activity: 182
Merit: 0
There are many who predict that the cryptocurrency market will grow strongly after the Lunar New Year. Yes, but I do not think the value will rise high. China and Korea are the countries with large number of cryptocurrency transactions and they also have Lunar New Year. But behind that, is the ban. There is reason to believe that supply has been limited after large volumes of bitcoin have been released. But it is not all. Of course, the thriving cryptocurrency market is something we all look forward to.
member
Activity: 308
Merit: 10
the market is ready for a recover, just give some time at the asian market to recover after the chinese new year celebrations, the new capitals will make us fly soon
member
Activity: 512
Merit: 10
BountyMarketCap
It seems that the 24H trading volume is pretty low recently, as the Chinese New Year holiday is coming to an end, what do you think the market will move, especially the altcoins?
Yes,it looks like quite a problematic condition for regular traders. They can't trade for market situation. The condition of market is red now.But hopefully, it will overcome soon.Btc will hit its peak value after Chinese new year holiday. We are eagerly waiting to see this revolution.
hero member
Activity: 966
Merit: 501
It seems that the 24H trading volume is pretty low recently, as the Chinese New Year holiday is coming to an end, what do you think the market will move, especially the altcoins?
I don't think the Chinese New Year has anything to do with the crypto price or trade volume.
Though the market is still fluctuating a lot, I am pretty sure we have recovered from the bottom.
member
Activity: 210
Merit: 16
Decentralize $15-Trillion Global Trade Industry
What a lot of people are saying is that the market won't make much progress until end of march/april.
That is when a lot of Americans get tax returns and have more spendable money.
On top of that, from just a pyschological perspective, as spring comes in people become more open and willing to invest more.

As far as the chinese new year thing, I wouldn't expect a bull run right away.
Most chinese are going back to work, but some still celebrate the full thing (it's 15 days!).
And think of it like this, during your christmas and new year's holiday, you are happy and loose with your money.
After it all and you go back to work?
Yeah, not so much.

you have to realize that a lot of Chinese are coming off of a nice holiday back to the daily grind and having spent a lot of money during their holiday.
I'm not so confident that there will be a mad rush to the crypto markets.

There won't be a mad rush but rather careful entries at different points. Already the speculation of chinese investing more during this period has resulted in bitcoin jumping over 11k and heading 12k shortly if it passes the 10k resistance testing point. The chinese might be looking at something under 10k to invest or depending upon the market conditions that head over in the next week. Next week people need to be careful while investing since either it will go on a run or might test 8k again if there is no support at 10k. A lot of money involved in crypto is new money so they have already got a desired profit. Need to see if they run along with it or stay longer enough to make some more.
newbie
Activity: 291
Merit: 0
With all the recent bad news/ reputations in crypto. I would forcast sideways movement, includes some dips for the crypto market. It will probably move back up in Q2/Q3. China would not make much impact now as the govt crakdown and blocking of all trading website. Thus slowing down the price going upwards. Hopefully china will lift the ban, then we'll see the crypto prices going up like crazy.
jr. member
Activity: 117
Merit: 1
In contrast to stocks, ahead of long holidays and religious holidays, the Cryptocurrency exchange rate will go down. This happens because Cryptocurrency is used as the currency in the transaction. Or in other words, people use Bitcoin and the like to shop. But let's see if there will be a change as China's new year has ended.
People already get back to work today in China, it seems that the market has dipped a little before going up crazily!
jr. member
Activity: 117
Merit: 1
There are officially 15 days of chinese new year.
Having said that, there is no concrete proof that the chinese new year holiday caused the dip.
It is just a hypothesis and people try to find a reason for the dip.
It is impossible to find any concrete proof of any dip or gain in crypto trading. I still believe the whales control everything. When they begin to be active, the market may go up again, so let’s just see if the volume will increase!
member
Activity: 192
Merit: 11
After the Asian New Year, many people return to work!

Many new ico project crowd-funding continues, and people in the region start to focus on the project investment, which is expected to be a climax at the end of February!
full member
Activity: 686
Merit: 131
What a lot of people are saying is that the market won't make much progress until end of march/april.
That is when a lot of Americans get tax returns and have more spendable money.
On top of that, from just a pyschological perspective, as spring comes in people become more open and willing to invest more.

As far as the chinese new year thing, I wouldn't expect a bull run right away.
Most chinese are going back to work, but some still celebrate the full thing (it's 15 days!).
And think of it like this, during your christmas and new year's holiday, you are happy and loose with your money.
After it all and you go back to work?
Yeah, not so much.

you have to realize that a lot of Chinese are coming off of a nice holiday back to the daily grind and having spent a lot of money during their holiday.
I'm not so confident that there will be a mad rush to the crypto markets.
jr. member
Activity: 117
Merit: 1
its happens from last 2 year , before new year starts market up and then down for 2 months , all prices reaches lowest then again up with bounce back power btc will cross 20,000$ this Time and All altcoins will enjoy this rain
I think this year may be a little different from what happened before giving the unprecedented regulations on cryptos and the record breaking fund raising volume of numerous ICO projects.
jr. member
Activity: 117
Merit: 1
Many experts on crypto currency say that the market will sharply go up as the holidays end! Many Asian countries will begin to buy up the crypt, so it makes sense now to buy, and win on this growth.
Yeah, it’s possible, but may not as crazy as that in 2017 as lots of people have already learned about the potential risks in crypto trading and may make decisions more carefully now!
full member
Activity: 196
Merit: 103
Chinese New Year is only a factor for price volatility of crypto market. I expect that starting March 2018 we will see a lot of movements and i am expecting also that some altcoins will not survive on this year. Only bitcoin and good cryptos with service and product already provided to the community will remain.

Whales do control the market. the good thing is we know when they BUY and SELL because the ledger or transaction is public. This is the great compared trading FOREX or STOCKs.
full member
Activity: 280
Merit: 100
Although the Chinese government banned ico, as well as the cryptocurrencies trading platform.
Many people think that Chinese people have less influence on the cryptocurrencies. However, I think this is not true. I think the influence of Chinese in cryptocurrencies is still huge. Therefore, the Chinese government's influence on cryptocurrencies, the same is great.
full member
Activity: 434
Merit: 104
Esport Ecosystem
it is decentralized, no one could control the price ( maybe only the whales do it ) so I think that just enjoy the volatile of this market. no one knows where it should be, but when demmand are more high than supply it will be move better.
member
Activity: 238
Merit: 11
Staker.network - POS Smart Contract ETH Token
There are officially 15 days of chinese new year.
Having said that, there is no concrete proof that the chinese new year holiday caused the dip.
It is just a hypothesis and people try to find a reason for the dip.
full member
Activity: 308
Merit: 101
FXPay.io
In contrast to stocks, ahead of long holidays and religious holidays, the Cryptocurrency exchange rate will go down. This happens because Cryptocurrency is used as the currency in the transaction. Or in other words, people use Bitcoin and the like to shop. But let's see if there will be a change as China's new year has ended.
full member
Activity: 1302
Merit: 110
SOL.BIOKRIPT.COM
Many experts on crypto currency say that the market will sharply go up as the holidays end! Many Asian countries will begin to buy up the crypt, so it makes sense now to buy, and win on this growth.

It looks like quite the opposite at the moment. All prices go down, including BTC. Many altcoins are hitting the 20% dipping line.

So what is it again this time? Another Market crash? There is going to be a hardfork called BTCP right? And this time it includes ZCL, so why is it going down? Is there a country that plans to banned again crypto.
its happens from last 2 year , before new year starts market up and then down for 2 months , all prices reaches lowest then again up with bounce back power btc will cross 20,000$ this Time and All altcoins will enjoy this rain

I find it true that most Alts are indeed in harmony with BTC, I thought it was inversely proportional at first glance. If your statement is true then it's best to buy right now when it is still in the dip.
full member
Activity: 882
Merit: 112
Your Data Belongs To You
I hope altcoin will move on early March, Currently Bitcoin starts move to $12k but altcoin is still so weak except Litecoin and ETC
buy altcoin now with price so cheap.
This is altcoin! Whether BTC is breaking record high or dipping badly, altcoin market will be weak with low volume, and when BTC is stabilized, altcoin will skyrocket!

I have to agree on this, in order to see good movement in lats, btc sould be stabile.

Right now situation seems to be a bit scary. Because as soon as BTC tapped 12k, everyone run like crazy. If it wont be scary it is funny!
full member
Activity: 462
Merit: 100
Many experts on crypto currency say that the market will sharply go up as the holidays end! Many Asian countries will begin to buy up the crypt, so it makes sense now to buy, and win on this growth.

It looks like quite the opposite at the moment. All prices go down, including BTC. Many altcoins are hitting the 20% dipping line.
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