will Chinese new holidays affect bitcoin price? - page 7.

Blackhawk143

newbie

Activity: 12

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Quote from: Raist on February 12, 2018, 12:03:08 PM

Quote from: Blackhawk143 on February 12, 2018, 08:57:57 AM

I have been trading with bitcoin since last 8 months, I'm thinking that chinese new year may affect bitcoin price because lots of people of china will be on holidays tell me your thoughts?

It can a little but there is no big influence. Or you thing that Chinese guys will be so eager to sell 10-20 BTC for gifts and baozi?

Lol, you are right. nobody will sell their btc for gift. Let's see what will be happen.

tanjim18

jr. member

Activity: 377

Merit: 1

Maybe Chinese new year affect on BTC price.

Zararus

full member

Activity: 294

Merit: 100

The Chinese respect their traditions very much. I like their attitude in life, to relatives, to family and to friends. The tradition of giving gifts at them . I think it will affect the market, as for gifts and Christmas table need finances.

shellomomma

jr. member

Activity: 37

Merit: 1

It may possibly affect the price, because there are so many Chinese and most will go on holiday and will spend time to their loved ones and will definitely sell and withdraw some money.

trinhan1988

newbie

Activity: 288

Merit: 0

I think Lunar New Year will affect the current price of btc because of the rate of people investing more in btc from East Asian countries have Tet holidays with the Lunar New Year as Vietnam, Korea, Japan, Singapore. People in these countries usually spend big money on Tet holidays, so they usually sell btc to their own currencies, leading to btc prices going down on this occasion.

AlexaSonda

full member

Activity: 504

Merit: 101

We know soon there will be Chinese New Year and if we talk about tradition, then every Chinese New Year they will share money or share gift (angpau) and I am sure China crypto users will sell their assets to meet those needs.

Chinese New Year is very important for them, it is same with other big day like Eid Mubarak (Islam) and Christmas (Christian or Catholic).

darasinmi4show

member

Activity: 406

Merit: 10

Why is it that Chinese is the center of all things in crypto market. Pls, are they the only one to determine the price in the world.

inanilujimi

sr. member

Activity: 1876

Merit: 259

may have some effect but little effect.
bitcoin prices have a big effect when everyone panics with unclear origins. which must be remembered bitcoin prices changed by people who have the bitcoin so keep your lucky price you.

Igorgnome

member

Activity: 252

Merit: 10

Power to gnomes!

We can only guess, because we have no accurate and reliable information. There is no guarantee of an increase in the price of bitcoin after the Chinese new year. I believe that the growth will be insignificant against the background of the overall fall in the rate.

novita_gendut

newbie

Activity: 196

Merit: 0

many people say it like that because of the Chinese new year led to the price of other coins or bitcoin fell, many say this is because Chinese investors pull their money and will invest again after the Chinese new year is completed.

Leyss

member

Activity: 574

Merit: 12

I think that the Chinese New Year holidays in mid-February still affect the containment of bitcoin prices. However, now there are a lot of factors that affect the price of bitcoin. Not the last role, except for deliberately spreading false information about the crypto currency, is the presence of significant drawbacks of bitcoin - slow transactions and too high commission fees.

xXLimbXx

full member

Activity: 336

Merit: 100

No, I dont think it will since we already saw correction. What may happen is one more dip which many predict (I dont think it will happen though) and then to the moon

eldorgo

newbie

Activity: 2

Merit: 0

Probably will have some effect on the price, but dont spect nothing crazy

linshuhow

newbie

Activity: 60

Merit: 0

I doubt, might lower the liquidity slightly though

Raist

full member

Activity: 490

Merit: 102

Quote from: Blackhawk143 on February 12, 2018, 08:57:57 AM

I have been trading with bitcoin since last 8 months, I'm thinking that chinese new year may affect bitcoin price because lots of people of china will be on holidays tell me your thoughts?

It can a little but there is no big influence. Or you thing that Chinese guys will be so eager to sell 10-20 BTC for gifts and baozi?

Leamirra

full member

Activity: 448

Merit: 116

Yes. China undoubtedly has power. I think the New Year is one of the reasons of reduction of prices.

smartsan

member

Activity: 196

Merit: 10

Spokkz ICO

I don't think so it will affect the price of the bitcoin.

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Quote from: Blackhawk143 on February 12, 2018, 08:57:57 AM

I have been trading with bitcoin since last 8 months, I'm thinking that chinese new year may affect bitcoin price because lots of people of china will be on holidays tell me your thoughts?

What else left from china to affect bitcoin price? The 80 percent of this price fall is due to banning of trades and exchanges in China. There are news that bitcoin price will zoom again after their holidays. Hope the holiday brings back the crypto coins price especially bitcoin's price back on track. We could see a positive growth in last 24 hours in coinmarketcap.com. Hope the earlier situation resumes back.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: Blackhawk143 on February 12, 2018, 08:57:57 AM

I have been trading with bitcoin since last 8 months, I'm thinking that chinese new year may affect bitcoin price because lots of people of china will be on holidays tell me your thoughts?

They could affect but the Chinese new year is just a week-long affair, and we are going to be back so I don't think there's anything to worry as long as there is no bad news coming in time for the Chinese new year we still a long way for its former price of $18k level

dixon98

jr. member

Activity: 126

Merit: 1

EQUAL Network Token

There seem to be a dip before chinese new year in 2017, and btc recovered strongly after that.

But btc is more mainstream now. don't think it will follow past trend.

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