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Topic: Today is the first day of notorious Korea/Japan/China new year - page 2. (Read 734 times)

legendary
Activity: 2884
Merit: 1117
Looking like the lunar year or whatever you guys call it didn't make as much trouble for btc as we imagined it might have. It did dropped a bit for a while and reached to like 8200ish levels but now its back over 8600 and honestly that is good enough for me.

If the price goes down that is very scary, we don't know if it will continue to go down or what will happen, however whenever price recovers from a fall that means we are still in the bullish times and nothing major may have for a little more while, I am not saying bitcoin will never go down under 8k or something here, but at least for a little bit more while we are in the bull run and we may yet to see still higher prices like 10k or even more if these continue to happen, it all depends on if we will be able to break the resistance or not.
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC


For one, Chinese New year is not only a Chinese holiday. many countries other than China are also celebrating. It’s a holiday there where a lot of people go traveling, so the idea is they’re taking money out of the market for other things during this time. It’s expected that the money will go back into the market when the holiday is over. If you look at the last few years you will see each year before Chinese New Year prices have majorly dropped. History tends to repeat itself. Also after Chinese New Year they tend to go way up. Expect major dip Weds and Thurs and next week prices to increase.

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I bet it’s celebrated by the nations surrounding the China too, I had played some mobile games that’s featuring Korea, and they’re doing promotional sales on their dlc for this special day, the same goes for Japan and other part of the south east Asia. Btw the celebration is far from over, I think it’ll usually last for a few weeks, and don’t forget the white Christmas to follow in the coming weeks, I’d expect the impact on the bitcoin price to be little or nothing.

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full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC


I saw a video promoting kids to run away from the ang pao, I don't know if that has always been a thing or this was due to the fear of Corona-chan corrupting the kids.

Also, why do I feel that you dislike these relatives of yours? LOL. Anyway celebrations should be over by now, I hope you at least enjoyed the food.

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That’s hilarious, btw it’s not common to use physical red envelope anymore since the digital money has gone mainstream. Try running away from a digital red envelope send by the internet, there is no way to run from it. The cuisine is fantastic, my favourite would have been the meat jerky that’s specially prepared by obscure chef, I’d crave into it all the time.

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Belated Happy Lunar New Year and I hope the NCoV didn't rained on you party too much. I understand the "pain".  Grin

Not just New Year's but pretty much every large annual gathering goes like this . It's basically a way for relatives to keep tabs on each other's current social/economic standing, whether someone's lagging (in which case you get "advise") or leaving them behind (in which case they'll simmer quietly while "being happy" for you LOL).


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The thing is getting too ridiculous when we begin to see both young boy and girl avoiding it like a plague, boy hiring freelance to impress on the party, or girl hiring boy to pretend the the relationship. The entire scene look faking just to impress, they’ll even fake their wealth status by spending on cars and dressing up in a gentlemen
/lady suit. What’s the point to trying so hard. Certainly I wouldn’t hope the same goes for Christmas.

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I am not of the Chinese ancestry though I am Asian too. Here in my county, the Chinese culture is quite a pervasive one since they are dominating the business scene, holding a great percentage of our country's capital and wealth. We generally admire the Chinese culture because they are very entrepreneurial, and they know what they want and are so willing to sacrifice a lot just to get there, many of the traits that we also want to have. I and my family are not so familiar with the Chinese New Year because we are not celebrating it, but we are always aware of this festival because they are always mentioned in the mainstream and social media every year. Sadly, we have this false idea that doing what Chinese are doing can also be bringing luck to our side when in fact we usually do not understand the traits and the sacrifice that Chinese businessmen/women are putting up to be successful.

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I’m certain the mainstream is misleading the celebration, it is used to be nothing more than gambling and feasting, but thing changed when mainstream new start making many additions into the mix, it soon become a time to impress other people with their social status, I think it the day for the wealthy to assert their domination into the masses. And it soon followed by all the non sense comparison that craved by the sjw badly.

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LOL, I guess that pretty much some up everything if you are going to a family reunion and you have nothing to show-off.  Smiley Been there myself, but I was not affected by it, I just take everyone's advise and get out and build my own future. Anyways, belated Chinese New year, and btw, it doesn't have any significant effect on the market price.

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Exactly, you’ll have been humiliated to have nothing to show off. That’s not a party for the faint heart, especially for the young mind who have nothing but to start their empire from scratch, no reason to boggle your mind over the non sense advices toss at you.

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sr. member
Activity: 1120
Merit: 255

If you’re curious it’s the day many people gathering to convince you

You need to pay taxes
You need to use bank
You need to get married
You need to invest
You need to get a job

AMA anything.

Brb I’m getting out of this fake fakestival
It’s the day you’re expect by many to spend a lot of money just to please your parent your gf and your kids.

Your wife have high expectation, your gf have high expectation, your kids have high expectation, and they will compare you on every corner.
For one, Chinese New year is not only a Chinese holiday. many countries other than China are also celebrating. It’s a holiday there where a lot of people go traveling, so the idea is they’re taking money out of the market for other things during this time. It’s expected that the money will go back into the market when the holiday is over. If you look at the last few years you will see each year before Chinese New Year prices have majorly dropped. History tends to repeat itself. Also after Chinese New Year they tend to go way up. Expect major dip Weds and Thurs and next week prices to increase.
hero member
Activity: 2660
Merit: 551
Belated Happy Lunar New Year and I hope the NCoV didn't rained on you party too much. I understand the "pain".  Grin

Not just New Year's but pretty much every large annual gathering goes like this . It's basically a way for relatives to keep tabs on each other's current social/economic standing, whether someone's lagging (in which case you get "advise") or leaving them behind (in which case they'll simmer quietly while "being happy" for you LOL).

LOL, I guess that pretty much some up everything if you are going to a family reunion and you have nothing to show-off.  Smiley Been there myself, but I was not affected by it, I just take everyone's advise and get out and build my own future. Anyways, belated Chinese New year, and btw, it doesn't have any significant effect on the market price.
sr. member
Activity: 1008
Merit: 355
Today is the Chinese New Year and these are just words of encouragement and encouragement from their relatives. In Asia, Chinese culture has a wide influence on the surrounding countries so I understand this, I am also an Asian.
All these words want to motivate you to become a better person and they want you to be better in the new year. they have no negative thoughts, they are all willing to help each other. They still have fun and gambling. Grin

I am not of the Chinese ancestry though I am Asian too. Here in my county, the Chinese culture is quite a pervasive one since they are dominating the business scene, holding a great percentage of our country's capital and wealth. We generally admire the Chinese culture because they are very entrepreneurial, and they know what they want and are so willing to sacrifice a lot just to get there, many of the traits that we also want to have. I and my family are not so familiar with the Chinese New Year because we are not celebrating it, but we are always aware of this festival because they are always mentioned in the mainstream and social media every year. Sadly, we have this false idea that doing what Chinese are doing can also be bringing luck to our side when in fact we usually do not understand the traits and the sacrifice that Chinese businessmen/women are putting up to be successful.
sr. member
Activity: 994
Merit: 302
Belated Happy Lunar New Year and I hope the NCoV didn't rained on you party too much. I understand the "pain".  Grin

Not just New Year's but pretty much every large annual gathering goes like this . It's basically a way for relatives to keep tabs on each other's current social/economic standing, whether someone's lagging (in which case you get "advise") or leaving them behind (in which case they'll simmer quietly while "being happy" for you LOL).
sr. member
Activity: 1036
Merit: 279
snip
Yeah, all schools are encouraging every single kids to appreciate this little usual moment, and celebrate it to your heart content. Btw Corona-chan is welcome too, there is nothing wrong too with just a tiny piece of virus, we need that badly.

I saw a video promoting kids to run away from the ang pao, I don't know if that has always been a thing or this was due to the fear of Corona-chan corrupting the kids.

Also, why do I feel that you dislike these relatives of yours? LOL. Anyway celebrations should be over by now, I hope you at least enjoyed the food.
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
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There is not that many gatherings in Wuhan china with 11 million population. Most likely that will also spread in other cities soon. I would only expect negative news from China in the next month.

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That’s absolutely brilliant.

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even if nobody says anything to you, you wish that you could have offered something like that to your family, you love your kids, you probably love your wife,

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TBH that’s not by choice, you can’t stop everyone to want to sound out their opinion, and compare each value you provide, they would cry about how their breadwinner are not the best and they should have this 40 quality to be a perfect spouse, and cry to their mum their life suck to be married. You can’t stop them to judge you based on their expectation, they’d rule out you not fit the bill.
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freedom is just an idea. Nobody has real freedom nowadays,you have to be a paid slave and serve someone-wife,kids,boss,the government
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It is the typical social order which make no mistake, and everything look perfectly fine and socially acceptable! Freedom is not worth getting. Of course I’m not trying to say it’s bad to be a responsible adult with a lot of obligations.

Quote
You have to graduate university,get a job,get a girlfriend,get a mortgage,pay taxes,have kids,buy them expensive toys.You are an adult,

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full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
Last year we had lot of speculations on the prices because of Chinese new year but it seems trend has changed now.

Anyway every festival meant to be spend happt time with family but having responsibility to spend sucks so take care of yourself then everyone can be happy any day like new year.

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Too bad the money is all well spent on pleasing their spouse and kids.

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This time the celebration mood around China isn't that big as the previous years due to the recent corona virus that has affected the large number of people. The number of death due to the virus attack keeps counting, and more preventive measures were taken to stop the spreading. This will be the time when big amounts were spend, but this time this is some critical time for the Chinese People.

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Corona virus is a perfect reason to distracting their focus. When the aunts begin to sprout non sense we would immediately skip it and mention virus, and it work wonder!

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This time the celebration mood around China isn't that big as the previous years due to the recent corona virus that has affected the large number of people. The number of death due to the virus attack keeps counting, and more preventive measures were taken to stop the spreading. This will be the time when big amounts were spend, but this time this is some critical time for the Chinese People.
Look not celebrate Chinese new year with happy because their country faced with bad situation where Corona virus have make Chinese people look afraid and not allowed for flying to other country, I think is bad moment when celebrate with their Chinese new year but other side they faced with terrible virus in their country.

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People are mad about can’t get into the holiday trips, btw it’s just great no spending on fine dining with your love one! Because the virus are to be blamed!

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It doesn't only happens during Chinese New Year. I guess it's already a part of Asian culture when every occasion, your relatives and family will celebrate the holidays and then they would keep on telling you thing like getting married and etc. They'll be also expecting that you have a lot of money since you're already working. Well that one is kinda toxic. They keep minding your life.
We can't change that our families always spend money during special occasion, that's culture and during Chinese New Year there's a lot of beliefs that you should do this and that to welcome the luck.

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You would collapse as soon as they getting into comparing you with someone else, that’s totally nightmare, it’s a complete fight to the bottom, every single fault would be included into the conversation! Ok I’m out.

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You are right, everyone is running nonstop in the wheel of others' expectations. You need to stop to look at yourself and say enough.
I have to meet only my expectations. We live one life, and by and large, everyone around us does not give a damn because they are busy with their own lives.

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The society is pretty locked up and you are looking at a very slim chance to escaping. Btw it’s good to start thinking of ourselves, and find how to escape from this prison.

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hero member
Activity: 3150
Merit: 937

If you’re curious it’s the day many people gathering to convince you

You need to pay taxes
You need to use bank
You need to get married
You need to invest
You need to get a job

AMA anything.

Brb I’m getting out of this fake fakestival
It’s the day you’re expect by many to spend a lot of money just to please your parent your gf and your kids.

Your wife have high expectation, your gf have high expectation, your kids have high expectation, and they will compare you on every corner.

That's not just the Asian new year,it's the same everywhere in the world.You have to graduate university,get a job,get a girlfriend,get a mortgage,pay taxes,have kids,buy them expensive toys.You are an adult,freedom is just an idea.Nobody has real freedom nowadays,you have to be a paid slave and serve someone-wife,kids,boss,the government...We live in a society...If you don't abide by the rules,just leave your girlfriend,never have kids,don't pay taxes and keep the money you earn.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
This time the celebration mood around China isn't that big as the previous years due to the recent corona virus that has affected the large number of people. The number of death due to the virus attack keeps counting, and more preventive measures were taken to stop the spreading. This will be the time when big amounts were spend, but this time this is some critical time for the Chinese People.
Look not celebrate Chinese new year with happy because their country faced with bad situation where Corona virus have make Chinese people look afraid and not allowed for flying to other country, I think is bad moment when celebrate with their Chinese new year but other side they faced with terrible virus in their country.
You are right it seems this year new Chinese celebrations is being hinder by the Corona virus, the spread of this deadly virus is accelerating thus travel restrictions has been placed especially in Wuhan invariably a lot of them would stay put in their respective homes and consequently this year dump in the price of bitcoin would be minimal compared to previous years.
sr. member
Activity: 2660
Merit: 339
As a married man I can tell you that even if nobody expects you to do anything like that, you feel the pressure just because others can do it and you may not. Not the taxes or bank part, I have been married since I was 23 years old and I have plenty of investments etc etc, yet the part about your wife having expectations and your children having expectations are sort of true, even if they don't say it themselves. When you live long enough, you will always face people who are more successful than you are, you will see worse people as well but you rarely ever focus on those people.

However, when you see people getting super rich, a lawyer friend getting wealthy enough to change cars every year, going vacations to amazing nations every summer and taking snow vacations on skiing places etc etc, even if nobody says anything to you, you wish that you could have offered something like that to your family, you love your kids, you probably love your wife, you want them to live the best life ever possible, you want them to never have to worry about money or health or anything and sometimes it is not possible.

Life is not easy, nobody ever promised you it will be easy, sometimes you will fail in life, not all things you do could be amazing, so in the end there will be down times. Focus on the good times of your life and the people you are fortunate enough to share and you will feel a lot better.
legendary
Activity: 2730
Merit: 1288
If you’re curious it’s the day many people gathering to convince you ...

There is not that many gatherings in Wuhan china with 11 million population. Most likely that will also spread in other cities soon. I would only expect negative news from China in the next month.
sr. member
Activity: 1610
Merit: 372
You are right, everyone is running nonstop in the wheel of others' expectations. You need to stop to look at yourself and say enough.
I have to meet only my expectations. We live one life, and by and large, everyone around us does not give a damn because they are busy with their own lives.
sr. member
Activity: 2100
Merit: 309
This time the celebration mood around China isn't that big as the previous years due to the recent corona virus that has affected the large number of people. The number of death due to the virus attack keeps counting, and more preventive measures were taken to stop the spreading. This will be the time when big amounts were spend, but this time this is some critical time for the Chinese People.
Look not celebrate Chinese new year with happy because their country faced with bad situation where Corona virus have make Chinese people look afraid and not allowed for flying to other country, I think is bad moment when celebrate with their Chinese new year but other side they faced with terrible virus in their country.
sr. member
Activity: 728
Merit: 254
It doesn't only happens during Chinese New Year. I guess it's already a part of Asian culture when every occasion, your relatives and family will celebrate the holidays and then they would keep on telling you thing like getting married and etc. They'll be also expecting that you have a lot of money since you're already working. Well that one is kinda toxic. They keep minding your life.
We can't change that our families always spend money during special occasion, that's culture and during Chinese New Year there's a lot of beliefs that you should do this and that to welcome the luck.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
This time the celebration mood around China isn't that big as the previous years due to the recent corona virus that has affected the large number of people. The number of death due to the virus attack keeps counting, and more preventive measures were taken to stop the spreading. This will be the time when big amounts were spend, but this time this is some critical time for the Chinese People.
member
Activity: 1204
Merit: 38
Last year we had lot of speculations on the prices because of Chinese new year but it seems trend has changed now.

Anyway every festival meant to be spend happt time with family but having responsibility to spend sucks so take care of yourself then everyone can be happy any day like new year.
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
with all due respect mate,but i believe Chinese are spending lots of money because they are gaining lot also that year so they are celebrating with Gallant ways of celebrations.

i am not a Chinese but i have many Chinese friends and learning from them?this is the most celebrated days for them(second to Mooncake festival) so why are we to question their ways?

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The spending frenzy is absolutely never ceased to amaze all the time.

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[/quote]
Wow, the Chinese truly are money-oriented,
they are and they are doing this for centuries,also i have respect on their traditions as they are respecting mine also.
[/quote]

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It’s a typical work hard to spend hard culture, it is perfectly healthy! Also adding some extra ingredients into the mix, by proposing various habit of spending lavishly. Gambling, fire crackers, tossing red envelopes, and so on. Btw doesn’t it fit perfectly into the teaching of goto school, graduate, get a good job with benefit, and retire with pension. There is absolutely no issues by following the rule.

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So if the china new year is today, it means that this year is not like previous 5 years. This year started with an uptrend comparing to previous new years  Smiley At least there is something positive here  Cheesy

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Exactly, the expectation is shooting up in the trajectory, expect to receive a myriad of good advices, when to get a job, when to get a kid, when to get an investment, when to get ...!

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