What will be the affect of Valentine day on Bitcoin Price - page 2.

davis196

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Quote from: GmAdvice on February 14, 2020, 05:37:50 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

julius caesar

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Quote from: GmAdvice on February 14, 2020, 05:37:50 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 ..

Valentines day will probably make an impact to the bitcoin price only if there is some businesses that allows bitcoin as a part of their transaction process. As of now, I don't think there is some stores that allows bitcoin as a part of their transaction so in short, this holiday does not have any impact at all to the bitcoin price. The price movement that just happened is only a coincidence maybe.

hahay

legendary

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Well, we realize prices are declining after Valentine's Day but that doesn't mean Valentine's Day can affect the market or the price of bitcoin directly. I just do not think, why do they always connect one day whatever happens to the crypto market because in reality I absolutely do not believe that, because I think the movement of the crypto market does not depend on any big day or any day there, the crypto market will move based on demand and supply so prices will be more active up and down at any time and there are still many other factors but not because of Valentine's Day because there is no link at all.

mu_enrico

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^lol

Basically, your argument is correct, but let's say it (valentine price increase) always occurred in the past 100 years. Then we have a rather solid case that the phenomenon may repeat.

Unfortunately, the observed phenomenon since 2015 means nothing. I can't wait for the stock-to-flow to fails as well. Grin

wheelz1200

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Quote from: GmAdvice on February 14, 2020, 05:37:50 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 just silly if you think valentine's day can correlate to a big bitcoin price day. You can find a rainy day it went up and correlate rain with bull days. In short valentine's day has absolutely zero correlation to bitcoin price. Anything that resembles a patter is sheer luck.

Baoo

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To be honest, this question is actually so weird and stupid. Unfortunately, I barely see a creativity in topics. Otherwise, Bitcoin will never be affected through these shitty events, I have not seen any affect of this Valentine day on Bitcoin's price and the same thing for the other cryptocurrencies. I am pretty sure that the only massive affect will happen after the halving event, possibly at that moment, the price will rise to $ 20K, we are just need to HOLD and wait for that event I would guess.

Assface16678

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Quote from: ethereumhunter on February 16, 2020, 10:06:17 AM

What is going on in valentine's day, we see bitcoin price is going down, and it continues until this day. But we don't know if bitcoin price will continue to go down tomorrow or not because the movement still unpredicted so we can only be prepared for anything that might happen later. But this situation will change to a better situation, and we can wait for the good moves from bitcoin, which is the price will be increased again.

From the previous weeks of the bitcoin, it shows a good market price and now we are getting towards to earn more bitcoin. The price of the coin today shows a good market profit and it is better if we grab the opportunity to make more income. But on the day of valentines, it does not show a good market profit because until now the price of the bitcoin continuously dropping down and this is bad to the people who make a lot of investment when the price of the coin goes down. Still, we cannot predict what will happen next to the price of the coin because it is volatile and there are a lot of factors why does it change every time.

ethereumhunter

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What is going on in valentine's day, we see bitcoin price is going down, and it continues until this day. But we don't know if bitcoin price will continue to go down tomorrow or not because the movement still unpredicted so we can only be prepared for anything that might happen later. But this situation will change to a better situation, and we can wait for the good moves from bitcoin, which is the price will be increased again.

Magkirap

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Quote from: gaston castano on February 15, 2020, 11:24:05 PM

I don't think it has too much of an impact on the crypto market, that is, if people are going to sell their coins to buy chocolate, if so, the price should fall.
except that they buy using coins. Grin

Since the end of January, market conditions have continued to rise, so Valentine may not be the main reason for this.

Yeah same goes with me i don't think valentines will have a clear and visible effect on the market, maybe a few will use some coins to buy some stuff like a gift or something for their loveones but that is all, it will have no positive or negative effect on bitcoin's price or even the whole crypto market. We already experiencing a bull run or pump up on price market like a week before valentine's day so it is a clear coincidence.

iamsheikhadil

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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

gaston castano

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I don't think it has too much of an impact on the crypto market, that is, if people are going to sell their coins to buy chocolate, if so, the price should fall.
except that they buy using coins. Grin

Since the end of January, market conditions have continued to rise, so Valentine may not be the main reason for this.

Shasha80

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There is no valid data related to valentine day to make an effect on the price of bitcoin. In my opinion there is no relationship with
valentine day with the price of bitcoin. And if the investigation that you do is proven every year when valentine day there is an increase
in the price of bitcoin,it's no more just a coincidence. Because logically it doesn't make sense why the price of bitcoin can be affected
by valentine day. In my opinion those of you who think so too tired to live this life, I suggest just enjoying Valentine's Day with your
partner and forget for a moment about bitcoin.

pixie85

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Quote from: spike420211 on February 15, 2020, 03:12:14 PM

In my opinion, Valentine's Day is no different from any other day in which people want to spend as much money on gifts as possible.
Therefore, we can make an unambiguous conclusion that some of the people will change their cryptocurrency savings for real money to buy gifts and other basic things.

I don't think people are buying gifts that are so expensive that they will have to dump a bitcoin or two to afford it.

The majority takes their loved one out for a dinner or buys flowers. Most people can afford it and even if you are in that 1% that needs to buy a diamond necklace, you probably can afford it without selling your investments. If you cannot, you're a careless spender Wink

fiulpro

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What do you think ? People would be selling off huge amount of bitcoins to buy stuff for their girlfriends or something ?
Well I do think this is not something that would happen since practically things like this happen all the time and one should understand that it would be affecting the price much to actually show some up and down .
It won't matter so don't worry things like this is common some ups and down might come but it won't be affecting the price much .

spike420211

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In my opinion, Valentine's Day is no different from any other day in which people want to spend as much money on gifts as possible.
Therefore, we can make an unambiguous conclusion that some of the people will change their cryptocurrency savings for real money to buy gifts and other basic things.

matchi2011

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Quote from: butcherme on February 15, 2020, 03:33:26 AM

I don't think that it had affected the price of crypto at all.
Unless a rich person on crypto would like to cash out a huge amount just to surprise their partner.
I don't see any other way that Valentine's day would affect the market.

Yes there's no relations between this event and crypto currency, not unless whales will play along and take this opportunities to work inside this industry.

A lots of people wanted to relate things even there's nothing that relates anything at all.

Good assessment and not fall with anything even you are seeing some pump or even if there's little dump that happened.

coolcoinz

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And it dumped a bit. Wink

Crazy people will say it's because of the Valentine's, analysts will say it's because of TA and conspirationists will think it's manipulation.
Life goes on, Bitcoin is still here and is not going anywhere.

dunfida

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Quote from: NavI_027 on February 15, 2020, 05:14:33 AM

I agree on some of the comments here, if you noticed that bitcoin pumps every Valentine's Day then most probably it was only a pure coincidence. There's no relationship at all between the two things. Well, I'm not saying that occasions does not affect prices in the market since since Christmas really do

but I can't really see valid reasons why btc go up due to a small event yesterday lol.

We have seen twice in a row on where btc doesnt even react on that Christmas event.Its all just coincidence and theres no such thing about precise tagging of events for it
to be relied on when we do speak about price increase.

We have witnessed recently on Valentines day event that theres no significant movement even on the said occasion.This is why its not really that good for us to tag it
up everytime.

lienfaye

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Well it has no connection because valentine's day is not a crypto event that most of us look forward.

However if someone sell their bitcoin to buy gift for their loved ones or otherwise it will somehow create a small impact for the price.

But just like what I have said there's nothing special in crypto world during this particular day hence whatever the price of btc for the past years its just a coincidence.

NavI_027

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I agree on some of the comments here, if you noticed that bitcoin pumps every Valentine's Day then most probably it was only a pure coincidence. There's no relationship at all between the two things. Well, I'm not saying that occasions does not affect prices in the market since since Christmas really do

but I can't really see valid reasons why btc go up due to a small event yesterday lol.

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