With Chinese New Year at our door, will the price rise?

Riddikulo

hero member

Activity: 896

Merit: 500

Quote from: Wookii on February 16, 2018, 01:09:38 AM

Hello everyone!

So, with the new year of dog at our doorspetps, do you expect the price of all the coins to rise? Or at least the major ones? I have written some articles in the past month, where i was pointing out Chinese New Year coming up as one of the factors of the decline. The reason for that was, that Asian people will spent a lot of money in this time, so not really buying crypto, eventually going out from crypto for a while to have some FIAT for spendings and so on.

With the New Year here, we can see increae in the price already. I don't really think that this is a coincidence! What price do you expect now? How fast do you expect everything to rise?

I am expecting slower pace for BTC, which will be really good for the altcoins, as they can increase their ALT/BTC price, which in the end can increase their $ price much faster.

I think that after the Chinese new year, the market will finally show good growth. I'm looking forward when it will be possible to make a profit after such a deep correction.

Vektrum

member

Activity: 420

Merit: 14

Whether this is due to the Chinese New Year or simply to the seasonal drop in the rate of the Crypto currency, however we see that after the Chinese new year, bitcoin already has a price of over 11,000 dollars. It may be that here several factors are triggered again, including the cessation of the appearance of negative information about the crypto currency.

Thyaga

sr. member

Activity: 644

Merit: 250

Quote from: Wookii on February 16, 2018, 01:09:38 AM

Hello everyone!
What price do you expect now?
How fast do you expect everything to rise?
I am expecting slower pace for BTC, which will be really good for the altcoins, as they can increase their ALT/BTC price, which in the end can increase their $ price much faster.

I predict either Bitcoin or Altcoin especially top 30 cmc will experience a significant increase this year, we'll see the middle of the first month.

sjbi

member

Activity: 770

Merit: 14

www.thegeomadao.com

I do not think that Chinese New Year has entirely affected the rising and fall of the price of cryptocurrency. The Chinese New Year maybe one of the factors that were pushing price of cryptocurrencies down. But one thing is true that regulatory measures are major factors that are affecting the market right away. But ultimately regulations will stabilize the market. Good luck.

Lucky_U

full member

Activity: 364

Merit: 100

The correction is not ended yet, I think, we will see a downtrend on market some more time. In my opinion influence of Chinese New Year influence is not so big.

Hellobx

member

Activity: 224

Merit: 10

The Experience Layer of the Decentralized Internet

For now, during the Chinese New Year, the Chinese New Year bitcoin has had a good rise, and today when the Spring Festival is over, is Bitcoin starting to fall again? Is it really China that has affected the entire cryptocurrency market?

saint_casanova

member

Activity: 234

Merit: 10

Quote from: Wookii on February 16, 2018, 01:09:38 AM

Hello everyone!

So, with the new year of dog at our doorspetps, do you expect the price of all the coins to rise? Or at least the major ones? I have written some articles in the past month, where i was pointing out Chinese New Year coming up as one of the factors of the decline. The reason for that was, that Asian people will spent a lot of money in this time, so not really buying crypto, eventually going out from crypto for a while to have some FIAT for spendings and so on.

With the New Year here, we can see increae in the price already. I don't really think that this is a coincidence! What price do you expect now? How fast do you expect everything to rise?

I am expecting slower pace for BTC, which will be really good for the altcoins, as they can increase their ALT/BTC price, which in the end can increase their $ price much faster.

Maybe, for all I know, the Chinese still have very superstitious believe in many things. For example, they buy gold in the new year for good luck from Wealth God. BTC could be a new kind of 'gold' investment in Chinese's way of thinking so we could expect a little increase.

gangem07

full member

Activity: 598

Merit: 100

Quote from: HP Guy on February 17, 2018, 07:07:32 PM

Quote from: vincentong17 on February 17, 2018, 07:02:40 PM

It will rise eventually, all alts will pump very soon. Last year cycle pump was march to May. I don't believe the market is affected coz there's a lot of community worldwide. I look on this scenario that people are engaging in crypto everyday it's like there's a new born baby.

hope you are right!

Chinese New Year cannot affect the cryptocurrency market perhaps according to the experts Bitcoin recorded a price increase 9 percent rising from $10,030 to$10,850 and cryptocurrency market has reached $500 billion as most major crypto's including bitcoin.And to this Lunar New Year happen the demand for the bitcoin spikes premium rates.

HP Guy

newbie

Activity: 163

Merit: 0

Quote from: vincentong17 on February 17, 2018, 07:02:40 PM

It will rise eventually, all alts will pump very soon. Last year cycle pump was march to May. I don't believe the market is affected coz there's a lot of community worldwide. I look on this scenario that people are engaging in crypto everyday it's like there's a new born baby.

hope you are right!

vincentong17

member

Activity: 266

Merit: 17

It will rise eventually, all alts will pump very soon. Last year cycle pump was march to May. I don't believe the market is affected coz there's a lot of community worldwide. I look on this scenario that people are engaging in crypto everyday it's like there's a new born baby.

nguyenkhanhhung14

member

Activity: 252

Merit: 14

Marketplace for sensor data

As predicted by analysts, Bitcoin rates, as well as altcoins, are heavily influenced by the Asian Chinese New Year, so now that the Chinese New Year is over, we have It hoped that the exchange rate would rise again quickly. Market Cap has reached over $ 500bn, up about 10% from the previous week, a sign that the market is recovering!

sofi@

full member

Activity: 238

Merit: 108

Quote from: Wookii on February 16, 2018, 01:09:38 AM

Hello everyone!

So, with the new year of dog at our doorspetps, do you expect the price of all the coins to rise? Or at least the major ones? I have written some articles in the past month, where i was pointing out Chinese New Year coming up as one of the factors of the decline. The reason for that was, that Asian people will spent a lot of money in this time, so not really buying crypto, eventually going out from crypto for a while to have some FIAT for spendings and so on.

With the New Year here, we can see increae in the price already. I don't really think that this is a coincidence! What price do you expect now? How fast do you expect everything to rise?

I am expecting slower pace for BTC, which will be really good for the altcoins, as they can increase their ALT/BTC price, which in the end can increase their $ price much faster.

Seems Chinese New Year gives a good predictions for bitcoin as it start pumping again. I hope after this event the value of bitcoin same thing with all other alts will continue to appreciate again.

I think many investors are now starting to put some investment in bitcoin and alts which contributes to the increasing demand as well as crypto price.

Baimovic

full member

Activity: 1210

Merit: 100

yes, I think that in china new year will drop drastically, but just down slightly. and now it has gone up again.

but different in china year yesterday, I see in china year before bitcoin price down far.

the difference is that this year, at the end of February and March bitcoin will get a lot of support. so bitcoin prices can be slightly stable.

cryptoamumu

jr. member

Activity: 140

Merit: 8

Prices are going up but at a slow pace. Most of the top coins are in green. Btc is over $11k and eth is about to hit $1k. The next 48 hrs is important. People are still on vacation from chinese new year. People might start selling soon and we could be in a sea of red or things will continue to move sideways at a healthy pace.

rodel caling

full member

Activity: 952

Merit: 104

before chinese new year comes have people's worrying about bitcoin price going down again upto 7k usd 0r more than, but i really believe there nothing effect for the bitcoin the celebration of chiese new year into bitcoin, why this is my conclusion answer, for me is because until cryptocurrency including bitcoin are ban in the china government, but look at now bitcoin bouncing the price in the market exchange.

cryptogirlboss

newbie

Activity: 113

Merit: 0

I really don’t know how the average chinese is managing to trade and buying cryptos with all the bans and blocks

is china still the biggest crypto volume on the markets?

ekin4

hero member

Activity: 663

Merit: 505

Slow rise in BTC is healthier, thay way we can see small altcoin rises too. If BTC rise too fast usually alts can't catch up and they fall down. Everybody expected Chinese New Year, now we can rise again. Market is too optimistic now.

paulus51

sr. member

Activity: 616

Merit: 321

I repeated this several times and I repeat again: after the Chinese New Year investors' activity should increase. This happened historically and should happen in 2018

LeoSys

jr. member

Activity: 40

Merit: 1

Yes, im sure prices will go up those days.

sinduarianto

full member

Activity: 350

Merit: 100

for now we do not know for sure because it will probably go up again but it takes a long process.

Topic: With Chinese New Year at our door, will the price rise? (Read 345 times)