What will be the affect of Valentine day on Bitcoin Price

tbterryboy

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Quote from: Arkann on March 07, 2020, 11:08:14 AM

Valentine's Day or Valentine's Day is long gone. But approaching March 8, which is very popular in the post-Soviet countries. This is the day when men pay as much attention as possible to their women and give various gifts. If someone believed that Valentine's Day could affect the price of bitcoin, then the same situation may be on March 8. Although I believe that these holidays will not affect the cryptocurrency market radically.

Yes, on this year valentines date the price of Bitcoin did go up but I am not going to say that it’s of that because the price of Bitcoin was already going up before that day I can remember, so I am not going to say that its because of that.

Maybe it’s just a coincidence that the prices are going up on most of the Valentine days. I can’t really see the kind of impact that Valentine day can have on the cryptocurrency, people won’t just wake up and start buying cryptocurrency just because it’s Valentine day. There are things that I believe that can cause the price to increase and this is not one of them.

Arkann

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Valentine's Day or Valentine's Day is long gone. But approaching March 8, which is very popular in the post-Soviet countries. This is the day when men pay as much attention as possible to their women and give various gifts. If someone believed that Valentine's Day could affect the price of bitcoin, then the same situation may be on March 8. Although I believe that these holidays will not affect the cryptocurrency market radically.

arrmia11

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Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

I think so that they can affect tge price of bitcoin like the other holiday same as valentines day because they can spend their money for buying some stuff for their love once or they can also pay via crypto currency because paying via crypto currency is more easier than paying with cash.

Xampeuu

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Quote from: TrevorS on March 03, 2020, 03:58:24 PM

I believe that Valentine's Day is far from the day that can affect something like any other holiday.
However, if on this day any gifts or flowers were sold only for cryptocurrencies, the “day of refusing fiat funds," then probably the price of bitcoins would jump up due to its increased popularity within the framework of artificially created necessity.

but what happened yesterday, it seems there is no significant influence, but there are many news stories that precisely corona corona with cryptocurrency, because many industrialization in the world is hampered by it. valentin went on as usual and there was no bitcoin campaign yesterday

TIDOVEE

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It's nothing bad if there is any Valentine package for us though, but I believe it was just a coincidence. The only time I remembered bitcoin forum observes most times is April 1, when they play some funny tricks, like I suddenly saw a message headline that no post will be made .... I was like what have we done. Until I connected other people and we discovered it was the April fool trick.

TrevorS

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I believe that Valentine's Day is far from the day that can affect something like any other holiday.
However, if on this day any gifts or flowers were sold only for cryptocurrencies, the “day of refusing fiat funds," then probably the price of bitcoins would jump up due to its increased popularity within the framework of artificially created necessity.

Subbir

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Bitcoin might not be suffering from Valentine Day and therefore the next day because Bitcoin's market isn't stable When it'll rise and fall nobody can say. you always know what Valentine's will usually do to your beloved but Bitcoin has nothing to try to to with it it'll depend upon the investment its price will increase or the demand will increase because of the investment increases.

Serious475

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Quote from: jhonjhon on February 20, 2020, 09:19:09 PM

I don't think Valentines will do any difference from other days, the trend from 2018-2019 is only a coincidence and it doesn't have any relation and to be honest, the only effect that I can think of is there will be a lot of spending using bitcoin because a lot will be spending for their special someone. For me, Valentines or any holidays are always the same with normal days where bitcoin do it's thing.

On the previous day of the valentines, it does not affect too much the market price of the bitcoin because before it comes into the highest peak it falls immediately for over 9.6k dollars and this is not quite profitable enough to make more earnings and pull out because we can lose a lot of profit by that, but it is suitable for investment. Still, there is a possible chance the some of the people that usually use crypto make some pull out if they do not have enough money to use for their loved ones and date them.

jhonjhon

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I don't think Valentines will do any difference from other days, the trend from 2018-2019 is only a coincidence and it doesn't have any relation and to be honest, the only effect that I can think of is there will be a lot of spending using bitcoin because a lot will be spending for their special someone. For me, Valentines or any holidays are always the same with normal days where bitcoin do it's thing.

iv4n

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Quote from: ufaiz50 on February 17, 2020, 11:22:18 PM

Like other members, that in my opinion Valentine's Day has no impact on the bitcoin market, personally I consider this the same as the Christmas event. Changes occur only because of crypto volatility which sees market trends, market trends can be determined through a variety of events but only for large events in the crypto market.

This is a joke, like all other topics about current global events and their effect on Bitcoin price. Coronavirus, Christmas, and now Valentine's Day. Nothing about these days is special for crypto, what can happen is that some random people make some huge trades and move the price a bit in some direction, any direction.
Some people are obsessed with crypto apparently, they see and create connections between crypto and every possible global event, no matter how important or irrelevant event is. There's no need for that, many people don't even care about most of the event's and special days. I know I am one of them!

tbterryboy

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Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

Lol this is a very funny question. People here are now forming the attitude of asking how every little thing will affect cryptocurrency. Without anyone telling you anything about this, in your right sense do you think that Valentine has anything to do with any asset?

There is really no way they are related so it’s not going to have any effect, the only thing we are looking at is the next Halving and that’s what you should be talking about. Halving is going to take place in May and that’s about three months from now. I will even say that’s the reason the price has been going up lately.The price will likely keep going up even after the halving and that’s when we should be expecting the next bull run to take place.

Ronaldcoin2017

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I think valentines day has no effect on bitcoin price, because valentines has really no relationships on economic issue, maybe many people will love to buys gift but there is no great issue on it, it cant really affect the price. I believe that the price of yhe bitcoin depend on so many aspect not on valentines day.

ufaiz50

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Like other members, that in my opinion Valentine's Day has no impact on the bitcoin market, personally I consider this the same as the Christmas event. Changes occur only because of crypto volatility which sees market trends, market trends can be determined through a variety of events but only for large events in the crypto market.

Subbir

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Quote from: iamsheikhadil on February 15, 2020, 11:39:50 PM

I don't think price of bitcoins actually get impact by Valentine's day lol, if there has been impact then it might be pure co incidence haha, also, if Bitcoin prices were tagged with the price of rubber as in condoms Cheesy

then surely it would go up astronomically as much to leave and get out of any price charts on day of Valentine's xD

I accept as true with you that Bitcoin has nothing to try to to with Valentine it's usually controlled by the citizenry But nobody can control Bitcoin counting on the market conditions sustainability. within the case of Valentine it's a weird case that nobody will invest in Bitcoin.

Kasabus

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Quote from: Kemarit on February 17, 2020, 09:15:38 AM

Quote from: Wintersoldier on February 17, 2020, 09:05:20 AM

Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

This is really a ridiculous question because events and holidays like valentines day does not have any effects on the market price that it will not help to increase bitcoin or crypto adaptation. Last week, every cryptocurrencies in the market, especially bitcoin have really increased it's price but just what i have said Valentine's day is not the reason.

Well there are still people who thinks that every holidays/occasions will simply affect the price in a very positive way. We can understand it because afterall Bitcoin is a speculative asset. However, I don't know where the Op gets his/her data that every Valentine's day, the price is very positive, maybe it is just a coincidence.

But I with the majority here that Valentine's day or any occasions for that matter will not pump a dent on the price. It is still based on the law of supply and demand, and if ever it had effect, it will be just temporary and very inorganic, to say the least.

Bitcoin price has been very positive already even before valentine's day so i don't think special occasions like this bring effect on bitcoin. And since bitcoin halving is already approaching, it will definitely make a positive effect not just on bitcoin but even to some of the crypto coins in the market.

Kemarit

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Quote from: Wintersoldier on February 17, 2020, 09:05:20 AM

Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

This is really a ridiculous question because events and holidays like valentines day does not have any effects on the market price that it will not help to increase bitcoin or crypto adaptation. Last week, every cryptocurrencies in the market, especially bitcoin have really increased it's price but just what i have said Valentine's day is not the reason.

Well there are still people who thinks that every holidays/occasions will simply affect the price in a very positive way. We can understand it because afterall Bitcoin is a speculative asset. However, I don't know where the Op gets his/her data that every Valentine's day, the price is very positive, maybe it is just a coincidence.

But I with the majority here that Valentine's day or any occasions for that matter will not pump a dent on the price. It is still based on the law of supply and demand, and if ever it had effect, it will be just temporary and very inorganic, to say the least.

Wintersoldier

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Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

This is really a ridiculous question because events and holidays like valentines day does not have any effects on the market price that it will not help to increase bitcoin or crypto adaptation. Last week, every cryptocurrencies in the market, especially bitcoin have really increased it's price but just what i have said Valentine's day is not the reason.

Twentyonepaylots

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Quote from: davis196 on February 17, 2020, 01:38:00 AM

Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

I couldn't care less about Valentine's day and I don't care about it's impact over the Bitcoin price.Is there any impact over the price after all?Do you think that cryptocurrency traders and Bitcoin Core supporters start buying more Bitcoins just because it's Valentine's day?Did anyone created an analysis that proves this theory?

People is the core of the price of bitcoin on which it all depends to the people, I guess there is an impact to the price of bitcoin due to seasonal reason. Christmas, New year's eve is the same as Valentines day, people will spend money on something to their special ones, I'm not saying that they did use their bitcoins but the fact that the price already drastically decreased I must conclude on this way.

Quote from: davis196 on February 17, 2020, 01:38:00 AM

The only impact of Valentine's day I can think off is the fact that many bitcoin supporters might have sex with their girlfriends and get them pregnant.More crypto babies that will adopt bitcoin in the future. Grin

Too accurate lol Grin

Guess there will be an effect on population growth this coming year, not only with the price.

Latviand

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Maybe it is not the occasion but the period. The market value of Bitcoin before Valentine's day is already positive so maybe it is just pure coincidence. Just observe if there is a huge difference in the market price from this specific date to the dates of 15 and 13, if there's not that much of an increase, then such occasion did not affect the price, but rather is just within a period where the price is positive.

Quote from: davis196 on February 17, 2020, 01:38:00 AM

Quote from: GmAdvice on February 14, 2020, 04:37:50 AM

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

I couldn't care less about Valentine's day and I don't care about it's impact over the Bitcoin price.Is there any impact over the price after all?Do you think that cryptocurrency traders and Bitcoin Core supporters start buying more Bitcoins just because it's Valentine's day?Did anyone created an analysis that proves this theory?
The only impact of Valentine's day I can think off is the fact that many bitcoin supporters might have sex with their girlfriends and get them pregnant.More crypto babies that will adopt bitcoin in the future. Grin

I like the humor from this. But obviously it does not affect the price, people are just making correlations between variables of Bitcoin price and the events that are happening. I have observed lately that there's a bit of increase with regards to topics concerning present issues in which they are trying to connect with the price of cryptos such as NCoV, and the likes since the issue of tension with regards to U.S and Iran, which somewhat affected the price of bitcoin.

BuNga_cute

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I'm quite surprised if it's true that Valentine's Day affects the price of bitcoin, in my opinion Valentine's Day is impossible
to affect prices bitcoin.Because to my knowledge when Valentine's Day people don't buy bitcoin for their partners, but rather
something else.If indeed when Valentine's Day the price of bitcoin goes up, it seems just coincidence. And so far I have never
listened experts say valentine day has an effect on the price of bitcoin.

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