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.
Topic: Will Chinese New Year boost crypto market cap? - page 3. (Read 548 times)
It wont have a big impact china has already banned all the local exchanges and that is more than enough for people to be scared and not re invest again there are some people who still use international exchanges but they dont have any major impact on the price
maybe, because a lot of money may come in after the new year thing and more importantly a lot of money that has been speculating the rise after the new year thing will come in which had nothing to do with it and were just speculating.
but the thing that will really increase the total market capitalization is creation of lots and lots of new shitcoins. after all Market Cap is the sum of all these shitcoins and is calculated by multiplying supply and price of all these shitcoins. for example each time they fork bitcoin and create some altcoin called bitcoin_something they add at least $17 million to total market cap because they are worth at least $1-$2 and the supply is nearly 17 million.
but the thing that will really increase the total market capitalization is creation of lots and lots of new shitcoins. after all Market Cap is the sum of all these shitcoins and is calculated by multiplying supply and price of all these shitcoins. for example each time they fork bitcoin and create some altcoin called bitcoin_something they add at least $17 million to total market cap because they are worth at least $1-$2 and the supply is nearly 17 million.
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 guess this wont affect the market that much,bitcoin is better to be hold and not to dispense Chinese literally known as bitcoin creating country and they know the value of it.so theres no need to withdraw unless they badly needed or emergency situations.and besides this coin is slowly recovering now and for sure just a little time of waiting success is ours bitcoin holders
No one knows what will happen after Chinese New Year. Maybe the Chinese will put their money back into bitcoin. But we're just guessing, and we need to remain vigilant.
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?
The Chinese New Year will bring a boost to the market, after all China is a big Crypto Market and especially on Chinese New Year
there a lot of money changing hands.
I do not think so, or the other way around will happen. For example there is a possibility of dump since most Chinese will sell their btc for fiat for Chinese. though we did not know how the market will react, this is just my opinion. Let us be vigilant always.
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?
The Chinese New Year will bring a boost to the market, after all China is a big Crypto Market and especially on Chinese New Year
there a lot of money changing hands.
I agree you two, let's send positive vibes into the cryptoverse and believe it will boost the cryptoeconomy! Being they are one of the biggest, if not the biggest players in Crypto, there is def. some kind of serious price action that will take place whether up or down who knows, but I believe the bulls will come out to play on a new year high of adrenaline/dopamine.
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?
The Chinese New Year will bring a boost to the market, after all China is a big Crypto Market and especially on Chinese New Year
there a lot of money changing hands.
People argue this one both ways. There's so much money flowing around during the Chinese New Year, and it's not a clear cut black and white flow either way.
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?
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