I think it will go up from now on until fall/ end of year. It's already starting to climb up a little bit. Hopefully the Chinese new year does add a lot to the market cap!!!
This is most expected by many to hopes that price after Chinese New Year will boost the market price. Maybe price will starts to increase, or we will lastly know the stands of bitcoin in the market. It almost long now that bitcoin not going skyrocket so I am hoping it will climb up the price. 
Topic: Will Chinese New Year boost crypto market cap? - page 2. (Read 553 times)
I think it will go up from now on until fall/ end of year. It's already starting to climb up a little bit. Hopefully the Chinese new year does add a lot to the market cap!!!
What is it with the Chinese New Year and Bitcoin's recovery? Why do some spammers, I mean, people believe the Chinese will suddenly pour all their money in Bitcoin on that day?
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
why does price go down when some FUD says China banned bitcoin?
So then, is the" Chinese new year boost" hype?
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the New Year is the same thing but in both ways. before it, people say a lot of Asian countries that celebrate the New Lunar Year will sell their bitcoins to pay for their travels,... and it is a big thing in Asia. so they speculate price drop. that much is enough for the price to drop even if not a single Asian sells their coins!
then after it is over they speculate the money will come back, again that much is enough for the money to come back even if not a single Asian buys back bitcoin.
then after it is over they speculate the money will come back, again that much is enough for the money to come back even if not a single Asian buys back bitcoin.
Ok, so it is nonesense then because according to you, the price moves because there are speculators who are trying to be ahead of the market. Did I understand your post correctly?
Per bitcoin's graph history dated February xx for past years, it's evident that there is a slight significant change of bitcoin's market value. Hopefully it can push bitcoin's current value this coming Chinese New Year.
I think prices will boom again after the end of Chinese new year celebrations.
China is on of the biggest countries and have a big impact on the cryptocurrency market. Such phenomenon happens every year and we see the same pattern: prices drops then start to recover by the end of February, I hope the same will happen this year.
This has been true almost every year in the past and it will happen again this year, but for another reason. Not simply because Chinese New Year will be over, but because institutional investors waited for the dip and now they are satisfied with the relatively low price so they already started buying and the pump to 20 or even 30k will follow soon. And then another crash. China is on of the biggest countries and have a big impact on the cryptocurrency market. Such phenomenon happens every year and we see the same pattern: prices drops then start to recover by the end of February, I hope the same will happen this year.
I think prices will boom again after the end of Chinese new year celebrations.
China is on of the biggest countries and have a big impact on the cryptocurrency market. Such phenomenon happens every year and we see the same pattern: prices drops then start to recover by the end of February, I hope the same will happen this year.
China is on of the biggest countries and have a big impact on the cryptocurrency market. Such phenomenon happens every year and we see the same pattern: prices drops then start to recover by the end of February, I hope the same will happen this year.
I think chinese new year cannot boost the market. But if China will let their people invest or trade cryptocurrency this will be a big impact in the cryptocurrency market.
I think China can no longer affect on BTC price with buying/selling power since they close&ban every exchange and service in country.
Don't underestimate the power of the people there. While the main exchanges there aren't operating anymore, there are plenty enough alternative routes for people to walk on in order to buy their preferred crypto currency. Hong Kong is still a very easy and popular alternative route, although the question remains for how long with China forcing more pressure on them. It's impossible to prevent people from buying and selling crypto within China. That being said, 2018 is the year of the dog in China, so it will be interesting to see how Dogecoin will be doing in the coming weeks/months.
What is it with the Chinese New Year and Bitcoin's recovery? Why do some spammers, I mean, people believe the Chinese will suddenly pour all their money in Bitcoin on that day?
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
Spammers? lol even a Legendary member agrees with me... "Historically January has been a month of declining prices only to recover and grow again after Chinese New Year. I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US."
History repeats itself doesn't it? At the very least in the Chinese crypto economy the traders that took off will be back in the game, so on a micro level, it will go up if not greater on the Macro based on history.
Love not Hate will uplift and fulfill the prophecy of Nakamoto my friend.
I think China can no longer affect on BTC price with buying/selling power since they close&ban every exchange and service in country.However millions of Chinese returns home to celebrate the new year with family and most of them comes from abroad.Some of them maybe have BTC which they sell,but that is not affecting price in any way.
It should not be expected that people in China can have some influence to BTC,only influence which can come from China is from their government which is still working on more efficient methods to prevent any trading with cryptocurrency.I guess their next move will be to ban mining,but at that time most of miners will find some new locations.
It should not be expected that people in China can have some influence to BTC,only influence which can come from China is from their government which is still working on more efficient methods to prevent any trading with cryptocurrency.I guess their next move will be to ban mining,but at that time most of miners will find some new locations.
Historically January has been a month of declining prices only to recover and grow again after Chinese New Year.
I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US.
I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US.
Yep. The reason why I think that prices are most likely to go up after Chinese new year is that people have needs before Chinese new year to buy gifts and all, and it is much more likely for them to cash out. While that may not be a factor in itself, but if others know this pattern from happening, they're more likely to follow it.
So February, we're already seeing a gradual increase in average prices and I think we'll just see this accelerate after we break $10k.
Whether the Chinese New year events are a factor, we can't really tell. Could just be the natural cycle of BTC. Also you can't really predict the policies that governments put in place, that's just not up to us to decide. But I think we've already seen the worst of the worst bans come out already.
With Chinese New Year coming up on 2/16 what do you think will happen will the market cap get an influx of new money from China or not? I'm thinking we will and hoping it will boost prices for all coins but of course, this is just speculation, what do you think?
After Chinese cashed out from the crypto market for the celebration of their new year, I think that we'll see a boost once it was done. We all know on how they are good on making money so every single day is counting and time is very much important to them. As long as they know that something is well profitable they will no waste any single chance to get in with it. There's too much argument with this day and with them too but I also think that it will give us a nice price. 
Historically January has been a month of declining prices only to recover and grow again after Chinese New Year.
I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US.
I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US.
Chinese New Year is a tradition to celebrate with luck beliefs and bitcoin is not one of them and we know that China is trying to ban it completely so this will not affect its price at all.
I don't think so because for me bitcoin price will go down not going up since it's holiday some investors sell their bitcoin into cash to buy stuff or maybe for some reason, so my predictable in bitcoin is lower than usual.
I believe after 16 February (Chinese New Year) we will see bitcoin again at 10k$ at least!
All the new year of an country mean new beginning and it could be a new beginning for the Chinese citizens and we can see again a new buying in the market. Thus if this starts to happen we will see huge recovery of the prices and btc will move above 10 k in such situation.
With Chinese New Year coming up on 2/16 what do you think will happen will the market cap get an influx of new money from China or not? I'm thinking we will and hoping it will boost prices for all coins but of course, this is just speculation, what do you think?
I even predict that the price of Bitcoin may decrease. We know that sometimes on Chinese New Year will be many needs so that there will be a flow of money withdrawal by selling Bitcoin owned. Theoretically, when demand decreases, Bitcoin's price will decrease and as demand increases Bitcoin price will increase. So try not to do too much sell because it will have a negative impact on price movements Bitcoin. 
What is it with the Chinese New Year and Bitcoin's recovery? Why do some spammers, I mean, people believe the Chinese will suddenly pour all their money in Bitcoin on that day?
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
why does price go down when some FUD says China banned bitcoin?
the New Year is the same thing but in both ways. before it, people say a lot of Asian countries that celebrate the New Lunar Year will sell their bitcoins to pay for their travels,... and it is a big thing in Asia. so they speculate price drop. that much is enough for the price to drop even if not a single Asian sells their coins!
then after it is over they speculate the money will come back, again that much is enough for the money to come back even if not a single Asian buys back bitcoin.
I believe after 16 February (Chinese New Year) we will see bitcoin again at 10k$ at least!
In traditional economy chinese markets are not working during the new year holidays so no one expecting any serious market movements during this time. I don't think that crypto markets will be mich different from that, most traders and crypto investors will probably take a break to spend some time with their families. If we talking about chinease cryptomarket then we are more likely to see a small pricce increase after the New Year when people come back to trading.
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