Bitcoin Forum

What are your thoughts on the whole Chinese New Year speculation?

A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.

Yes, the Chinese New Year is certainly something very much anticipated, because it is said that in the Chinese new year bitcoin will cost a penny, because the Chinese will cash their money to celebrate the new year.

So, yeah, the anticipation for the crash makes sense then.I don't think btc will cost a penny but it's gonna be interesting to see the effects. I'm definitely not going to buy anything till then.

To celebrate the new year , Chinese may sell their holding bitcoin with the market price.Which reflect further decrease in price,so it may be the best time to inverse your money.After the China new year,the price will start to raise again.So use both the option to shine in trading.

Do you think buying now and selling before the new year sounds profitable / makes sense?

A week more and we should see 15k bitcoin with all the alts also going back up. Chinese are crazy.

It is already done! If you know about Chinese New Year/Lunar New Year then I could say Chinese and Korean was already cash out or 'crash' as what you called. People usually cash out before the New Year around 2-week or even more.

That's a really good point. They'd probably know about it and that the majority of people would cash out during then, so it makes sense to cash out before it "officially" happens.

Now, the question is if/when the Westerners decide to cash out. Since most people probably expect a crash, they might sell.

Something like a self-fulfilling prophecy, but for the wrong reasons. ;D

I don't think it has anything to do with Chinese Spring Festival.
It is because of the recent bad news that countries have taken further regulation of bitcoin, and facebook has banned the advertising of ICO, which may be the reason, rather than the reason for the Spring Festival.

I just waiting for another moment before chinese year. There will be more dip in my speculation. But this is my personal thought about that. The chart looks stable right because the latest red candle can't be considered as a significant dump after bigbearish. But in my opinion there will be a chance for crypto to get another green again at least to give a little jump before chinese year.

You can buy Bitcoin right now because most Asians have already dumped their Bitcoin last month for the Chinese New Year since people are spending a lot of money a month before the Chinese New Year. In addition, people spend time with their family at Chinese New Year, so I am very bullish about Bitcoin.

I think it's normal for bitcoin market to crash during Chinese new year since a lot of investors in Asia usually sell their bitcoin before the holiday. It usually happens every year so such thing is usually a normal cycle in bitcoin market. It's good for people to be aware when will bitcoin crash, what events affect bitcoin market, and information that will help speculating cryptocurrency prices.

This is why I think it's going to crash a well, based on the past events. But you never know.

Everything is possible because 40% of the market for the Chinese and everyone needs money. Therefore, it is difficult to foresee, especially when we have experienced only one fall, we do not want to talk about the second such failure.

In Feb there is Chinese New Year and Valentine's day and CNY is a really expensive event for the chinese culture you and i suppose after april the price of BTC will rise again, its okay for it to go down and it will rise even higher if u seen the chart at CMC

Cashing out on chinese new year is anticipated but what if the opposite happens? When people sell their coins just before chinese new year comes to avoid the expected crash, chinese will buy coins and hold instead.

I don't thinks so. The influence is little in period of China New Year.
As for the slump of altcoins, I suppose the reason is that several governments ban cryptocurrency and Facebook ban cryptocurrency ad resently.

for me, I'll wait until March or April, so the price is going to settled down. and hopefully there's no bad news again. Chinese new year event always makes crypto price is going down, and it's happened every years.

I don't mention to buy the bitcoin now and sell before new year.I had told, they will sell the holding bitcoin to celebrate the future.If many had sell their bitcoin means,the price of bitcoin will surely reduce some how.

I dont think there will be another crash because of Chinese new year, are not they already separated thr ways from crypto currencies last year?

yeah, the chinese alrd cash out 2 or 3 weeks ago. Now is the whales who are manipulating the price. can't you see all the pump and dump, the whale is doing this to make more money.
sometime i have time, i will trade a bit during these weeks. i have earned some coins during this pump and dump. but it's quite risky, because u duno when is the pump and dump. better to just hold.

Still waiting for the collapse have yet to see red tears on the horizon and is likely to do in 2-3 weeks . And then we will see healthy growth ,but before that you need to purchase

first 2018 is good value for bitcoin. after it, price fall and many new member lost much money. but, i think in next new Chinese year bitcoin price will pump. actually, this is the best time to buy bitcoin, and you can earn more profit in next month. im still wait to sell altcoin in Chinese's month.

Yes, the Chinese began to cash out a month ago.
Prices are still falling because some financial institutions are manipulating prices.

On the one hand, I read the opinions of analysts that trading on Chinese exchanges no longer plays a big role in the fall of exchange rates.
On the other hand, we see that every word of politics or the celebration of the new year in China change the market in the direction of reducing capitalization. I do not know how it ends. But until the spring, I think, we should not hope.

I keep hearing about this from a lot of the discussions..is this a tradition or unnecessary FUD created?
I spoke to a friend who was in china for a while he says nothing like that.
All we know that is Chinese new year will give them a week of holiday which might reduce the amount of trades and people might take money for spending

I think Chinese new year will surely impact the price of bitcoin.Nearly two weeks to go on.So this is the right time to inverse in bitcoin for your future.At this new year they may sell their bitcoin for the new year celebration.If I was in China,I will do the same.Happy New year.

the important thing to know is that it is all speculation not reality.

people aren't liquidating their assets to go on holidays. at least not everyone does that. and think of it this way, if everyone is so sure that everyone else is selling their assets before the Chinese new year then what would they do? they sell sooner while the price is high not on the last moment when everyone else has already sold and price is lower.

in the end the expectation may cause some drops but not the real sales. those either never happen or happen much sooner than anticipated (maybe last month even).

I do agree with you and I do believe that the Chinese new year will impact the price of bitcoin in the short term based on past history but I think that the entire market will not take a big hit and will continue recovering until bitcoin reaches its old all time high sometime during the middle of this year. I strongly believe this is the case since the market won't stay bearish forever.

I advise everyone to HODL their bitcoins for as long as possible since a lot of unnecessary FUD is being created with relation to the upcoming Chinese new year.

many are saying the same to me too .. that it migh crash again during feb 16th and there can be uptrend after it.. well as its crypto we will have to wait n watch

I certainly hope you're kidding about Bitcoin only costing a penny due to Chinese New Years. I never heard anything more ridiculous than that

Just take advantage guys, before all those red envelopes get turned into bitcoin ;)

Correct if you have some extra money just do it, sad thing for me my fund was already in limit that is why i am only waiting for the comeback of the value of coins and hoping that this incoming chinese new year all coins will turn to be green field and brings income to all of us.

What with this can affect the price of Altcoin.. ???Although it had recovered to be at USD 10,142, but bad luck Bitcoin still continues until early February. Digital currency was once again experienced a slump that forced 1 BTC worth 8.568  USD. Throughout January this year has been a difficult time for most investors who play in Bitcoin digital currency.

I think that after the Chinese new year the situation on the market will improve. Many traders will return for work and trade will be more active. New money will come in crypto

China is one of the most influential countries in Cryptocurrency and this is the best chance to see the whole market collapse because of the high demand for cash by Chinese people. If you invest at this time, this is probably the best chance you can get cheap Bitcoin and all other altcoin.

as the New Year of Chinese come closer, the cryptocurrency will remain on a crash, but let's not cut ours loses as we need to hold more and buy more on the dip. after the new year will have the best time to have in crypto again.
this happens yearly so no need to panic. let's take a look at 2017 graph and study why this is really happening now.
If you panic then you lose.

i read everywhere that the bitcoin crash cause is chinese lunar year.
are chinese peoples really buy the present with bitcoin ?
i tought their government ban crypto.

I don't think if the cryptos currencies price went down due to Chinese new year, i just buy and sell cryptocurrencies based on the trend of price and right now all of cryptocurrencies are down trend, i will wait until the price to be stable then buy back holding for long time investment, but for trading altcoins i used very short term strategy when get the profit i will sell all of them, that's it.

yeah, make sense that Chinese will cash out their Bitcoin for their new year.
Good time to invest when down in market

The chinese probably has cashed out their profits. So what we have seen in the past few days is them cashing out. We could expect bitcoin and crypto in general to rise in the coming days.

Actually if you do a research you will in the past charts that the price or value of bitcoin usually drops every february. Thus, making chineses new, a one reason why i did so because we all know that huge part or most of bitcoin owners or holders are chinese. Which affects the price during their festive, just like our holidays we tend to spend a lot of money which supports this speculation. A lot of chinese spends during chinese new year thus requires to withdraw or exchange their bitcoins which makes the value of bitcoin drop.
Here the picture I was talking about:
https://i.imgur.com/WY00Hkr.jpg
Disclaimer: picture not mine. Credits to the owner.

I don't see how Chinese New Year will impact the market in any significant way. Maybe less news on the "banning". There will be no crashing due to Chinese cashing out the coins. Chinese always have enough cash and savings, remember that.

I have some chinese friends and they dont think it will go down  due to their newyear.

if you have spare money it is better to stock bitcoin when people sell it. it always happen but bitcoin price always back to increase. i know some people already know it and they stock bitcoin at low price

If the current crach depands on the cashing out by the Chinese (I doubt this is the real reason), you shouldn't expect to rise of bitcoin price in the coming days. China plans to celebrate the New Year from February 16 to March 2. It will not be soon  :-\

The price of bitcoin is declining and privilina not only in the Chinese new year, but also in what is happening now in the world. Very poor news background. But I think that price recovery is just as inevitable.Just need Hodl and wait a bit.

It will not really affect much the value of bitcoins or other crypto.Not all  Chinese are involve in crypto currency and at the same time they already cash out that's why Bitcoin are on it's dip now.The best thing to do now is to buy and hold.For sure there's a big profit coming after all.

a lot of speculation that after the Lunar new year is the beginning of the rise in bitcoin prices,we look at the previous couple of years that when the Chinese new year,the market price of bitcoin is very bad and after some time after the Lunar new year,the price of a bitcoin direct to go up drastically.

I think i will keep waiting for mid february even to march.
Chinese new year maybe will affect the price a little, but i don't think it will be significant.

Ya off course Chinese new year always gave negative effect to crypto market. But i think almost Chinese withdraw there money during crash down and only few were left who sell there coins. So according to me u can't see very big break down to crypto currencies during Chinese new year which is expected by everyone. If u want to saw all currencies on there previous prices then wait till March-April.

There is a possibility of another "crash" and it might be worth having some extra money in fiat to buy cheap. There is a question how much it can influence the market as we have strong FUD for quite a long time going on, so I am not thinking that this event will bring another big crash, or if that happens, there might be strong FOMO after the end of Chinese New Year.

 Bitcoin Price speculation in china and the impact on the market is something we really have to critically look into. In china Bitcoin itself is legal in the country, it is only bitcoin trading that is restricted.  I think in any market economy what causes the greatest impact is the trading activities in exchange market. But we all know that Chinese government has ban bitcoin trading and shut down major exchanges in recent times. So when we talk about Chinese new year festival causing the crash in the market I begin to have a question mark. What I think is causing this down trend is the panic from these wrong information sources. When people hear that China is going to celebrate their new year festival and that price will fall they begin to panic and start selling their bitcoin and other cryptocurrencies. It's not the festival itself that is causing the crash, but the panic. Until we learn to stop panicking market prices will continue dive nose. Thanks

I do not think most Chinese people are involved in bitcoin investment. Although Chinese people spend a lot of money on the New Year, they will not sell all the coins. So I do not think Bitcoin prices will go down because of Chinese New Year.

I am not chinese and I do not practice the chinese traditions during chinese new year. I am not sure about this either but as far as I know it is during the chinese new year when the chinese will buy a lot of things. I have heard that chinese strictly observing their cultural traditions will be replacing their house furnitures and decorations and other stuff during chinese new year. So I guess there will be strong buying also of investments during chinese new year.

Nobody knows what the future holds. Have a plan for all outcomes. Buy more the more it dips. Easy.

I personally think that the market is going to go down when it nears Chinese new year, most of the people will cash out to buy something or to prepare the celebration, and since China is a big player in crypto I think there will be a slight down movement

I hate China. How big are they in the cryptocurrency market? Why every time there is bad news for them, the whole cryptocurrency market is going to have a big drop, which is incredible.

Apparently, the Chinese New Year now also has some influence on the fact that bitcoin so low now fell in price. However, I do not think that such influence is too strong. Now many signs affect bitcoin in the complex. And first of all I think that this is greatly influenced by the too long non-elimination of the defects of bitcoin - slow transactions and high commission fees that make it impossible to use it as a payment facility.

The “Chinese new year” thing may be reasonable before but not this time. To me, the crash is mainly a result of the regulation policies in some major bitcoin trading countries, first it is China, then South Korea.

As I know more then 50% of bitcoin miners are in China. So they can influence the price of bitcoin. And when bitcoin is dropping, altcoins are dropping too because of the people's panic.

I see some racist words inside this topic like "hate" etc. first of all please don't do it.
For main subject is it the new year ? Nope it is not. It is a new operation on bitcoin.
Crown wars just started at the end of 2017 now it is the result of the war. I don't know who is the exact opponent will be NEO or ETH or some Xcoin but this will be a was againist bitcoin not all cryptos.

I think to see the final result is very difficult because I do not have much info about it that can tell me for future bitcoin and altcoin at the moment.

Chinese New Year is one contributor to the current market crash, but by no means the only one. The Chinese already took their money out well long before the Korean and Indian FUD happened. Now I expect Bitcoin to test the 6k USD support line. If the big boys start buying up at around the 6k USD level Bitcoin, then we might see a healthy rise of the markets then, if not, then expect an all time panic crash to around 100 billoin total market cap and Blockchain becoming just a small specialized niche for serious investors, as opposed to get rich quick speculators.

This market has me afraid to buy. (And makes me wish I sold some assets at peak haha). Whats up withr the facebook ban btw. Did anyone give a breakdown??

I already started to invest on lots of good potential coins my target is to buy 100 neo , 10 ether and some other good potential coins already reached buying some of that each dip planning to buy .lets say neo each 10 $ dip and ether 100$ dip .

I have heard about how the values of coins do drop whenever there is an upcoming national holiday especially in countries where there are tons of crypto users and traders so I would not be surprised if another drop happens this February 16th. We know how  we have a big number of users who celebrate the Chinese New Year and so to pull out cash so that they can have something to celebrate with is prettu much understandable and so with the demand decreasing because of people pulling out, it's no wonder that others would take advantage of buying bitcoins when they are at a price much vulnerable and lower than how it has always been.  In my case, I would buy bitcoins if their value is something that I can really afford so that I have more of it too when the value kicks up again.  Hold on to it and let it grow for the time being.

Chinese New Year indeed will spend a lot of money, some people may be selling bitcoins to cash, but I think this bitcoin prices have little effect. And I think the price of bitcoin will rise later in the year.

I think that it can't depend on Chinese New Year. Unfortunately this sutiation mostly is influenced by the several negative occures like Facebook ban the advertising of ICO.

Chinese new year might be one of the reason why bitcoin's is decling as of the moment,but FUD has more influence to the market crash recently because the big players spreading FUDs so they can buyback most of the coins they sold before the crash,facebook restriction has some impact to our community too.

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There is a big possibility that market will still decline because of the chinese new year,because this is what happened to the last week of 2017 which most of the people are cashing out because of the new year,but FUDs are the major causes of the panic at the market that created bloodbaths.

Chinese new year could be the reason, however, didn‘t Chinese ban the cryptocurrency last year?

Chinese have been selling for the last 2 weeks because they know last year the price crashed as it got closer, they will all exchange "red pockets", gamble, drink and eat like cows, come the 17th they will start buying back in....you decide when you want to buy in....

me personally, I'm slowly buying in for a week now and will stop on the 16th.....

I'm waiting for mid februari. I can't take more risk in this situation

For me personally, maybe this is the right time to buy coins. While the price goes down then you better buy to invest. I can not promise after months the price will be stable, but I am sure for next month the price will be stable and it makes me profit. who wants to target coins, now is the right time to hunt. while for chinese days, all chinese need money to share with the family, and that will take out savings. it's just in my opinion

Is that the reason why btc is down or there is a real reason behind it why almost all the cryptos is down?

I dont wish for another crash but if its happen then i can not do anything to prevent it.
As i know, keep buying now is the best thing to till wait the price recover and after that, you will surprise with your profit.

I think that with the advent of the Chinese New Year, the market correction will end. And growth will begin. The lowest price of bitcoin is yet to come. Whales need to purchase bitcoin at a low price.

i dont think so, chinese new year dont need too much money. They also are investors. If they buy btc at high price, they wont sell all at this time.

Chinese New Year gives a significant impact to cryptocurrency. many cryptocurrency prices have decreased. and I have an option when the issue is currently happening I can buy a coin to hold and serve as an investment when the price returns high.

I think February will be red for the crypto currency. Usually before the Chinese New Year - withdraw money. And then - up

I think the opposite. Most of the whales are Chinese. But aside from that, a LOT of Chinese people have invested. We'll definitely feel their effects if they do something.

correctly noted how correctly at the beginning of each February there is a drop in the market because all of Asia is on vacation and this has a significant impact on the entire crypto-currency market as a whole. But to worry about this, it is not worth much as already at the end of winter everything will start to be re-established.

Well that is one of a many speculations about what is happening crash at the moment. But you cannot be too sure so your weapon is your knowledge and observe the total market capitalization of the whole crypto currencies before buying anything else make sure it stabilizes so you can stay away from possible more dump or lessen your lost. Knowledge perfect timing is the key when it comes to investing even in stocks market so be a wise trader.

during china years, i see bitcoin value will be getting down, and reach to the point lower $ 6000. china is a country that controls crypto trade with greed, and on china day, i think they will make big crypto sales. I hope the lightning network will make bitcoin survive.

In Chinese New Year, people make a lot of purchases in the lead-up, and then over New Year itself they stop spending. So a lot of the spending happens in the month before New Year. It makes cryp's price seem down but It is a good opportunity to buy cryptocurrencies.

This is another thing to consider why the totalmarketcap is declining probably these chinese investors are cashing out so they can use it to their holidays,another thing to consider is FUD spreading people lately are getting some panic from these FUDs which isnt healthy because most of the investors will panic too causing the market to bleed more.

for when i still have not heard ico from china and hitherto still not received any info.

This Chinese New Year is the DYE of the market that turned the color into red, this will end soon once the celebration is done.
We can see the graphs every month of the year that celebrates this New year and it is really a big effect in the market but you can also see that the price climb more than before once done.

I do not think Bitcoin investors are spending too much money on holidays. Most of the investors will have money for this. So the Lunar New Year is not the main cause of the red market. I think it's because of bad news in recent days. Hope the next time will green again.

Bitcoin is sure to rise after the Chinese New Year because China's Spring Festival is a major holiday. Nowadays, China's prices are high. Many people need to cash in to buy New Year's supplies such as couplets, rice cakes, red envelopes and gift giving to relatives and leaders，and need to buy in cash, so the impact of Chinese New Year on Bitcoin prices is still very large. But only after February, believe me, bitcoin will rise to higher prices.

I am very sure Chinese New year will not have anything to do with bitcoin crash. This crash or corrections as traders use to call it, is only because of the recent government regulstions. There might be further crash tomorrow as the head of U.S. Securities and exchange commission (SEC) and Commodity Future Trade Commission will be testifying on cryptocurrency during U.S Senate hearing tomorrow 6th feb 2018. I dont know the hearing result will be but I can only assume there will further regulations on cryptocurrencies.

I think Chinese New Year has a big impact on the price of bitcoin.
In the last few years, the problem of Chinese New Year caused the whole cryptocurrency market to fall sharply. I think after the Spring Festival, the cryptocurrency market will rise again.

I'm looking forward to mid-February and I'm not hoping for another crash. I actually hate red days because the coins are becoming really less profitable and every day it's just getting worse. Maybe 5 days from now or just a week bitcoin and altcoins will be back (just my speculation).

it's not just you , all of us also don't like red day , it's already 1 month , today all market price down again , I don't think market crash main reason is Lunar Chinese New Year investor need money to celebrate , When all the coins price green again  ???

The market being horrible since january let's hope it iwll bounce back after chinese new year

This is a very interesting theory, and I would lean towards it. I do not believe that it is just a mere coincidence that the Chinese government made their decisions to ban all cryptos just before they celebrate one the most important festivals in the country. It looks definitely as a ploy for individuals to become more liquid (that is change their bitcoins into cash) so that the cash would be spent, used or traded heavily during this season of festivities for them. They more cash circulates within the season the more growth you see in the economy. Otherwise people would have held their bitcoin and other alt-cryptos, anticipating more growth for future gain. You may even have the situation where instead of people investing in the festival period, you see more investment in crypto-currencies which could damage Chinese economy. This seems like a major move for the Chinese government within this period.

The Chinese New Year is like Christmas, New Years and Thanksgiving all rolled into one.In the weeks leading up to the Chinese New Year, the market drops because the Chinese are pulling out their money for the New Year.
As such the bitcoin price is expected to turn around and go back up again eventually.

I think that most of the drop in the value of Bitcoin and the alts is already baked in. I would be shocked to see a further decline with the Chinese New Year this year but I guess we should never rule anything out

I'm also expecting that and its a great opportunity to buy at a very low price. I think this quarter is the time of buying. Its quite sad but we need to hold until the best price to sell.

The Chinese did a good job as soon as their new year,the whole crypt is falling off a cliff,no wonder they say that in February the market is better not to look nerves are the goals.

To be honest, my nerves are at their limit. I very much hope that all this disgrace that occurs in the market will soon end.

it seems this is indeed because chinese new year,
people are preparing money for it all,
and the average people in china invest in bitcoin very much

Yes. I think just at the Chinese New Year we will be able to see the lowest price of bitcoin. Then the market should turn around and the price increase will begin. How will actually see.

From February personally I waiting low prices not only for BTC, but also alts like Ethereum, because of a lot of forks

I think Chinese New Year is a big thing to the Chinese. So I am expecting there might be another dip before Chinese New Year. But to be safe, I have stocked up some coins now and will buy more before Chinese New Year if the price is good.

This is one of the situations for which I can say that quantity is power:)  the Chinese control so many different aspect in people's lives all over the world only by the number of citizens. I don't think that btc will cost a penny,  but it might fall reasonably.

Well, probably this could be the reason of the bitcoin dip and I am hoping that is the relevant of that. I would probably gonna hold and wait more of what's coming but I am optimistic that after the Chinese New Year a bitcoin being bullish is what I am gonna see on the market. Chinese are one of the big crypto market player so if there's dip and uprising of value of bitcoin they could be the one factor.

This is most expectations during Chinese New Year that price might suffer another dips. Most sell before that event and maybe after we can see a good news by that time. Many speculations happen and maybe too I could buy at this time to save and hold some btc. Because we might see a good price of btc to increase.

I think I can give some insight into Chinese New Year.

I've lived there in the past for quite some time and I spent the last couple days talking about crypto with some Chinese friends who are heavily involved in the crypto network there. (there is a vast community of miners, intermediaries, and investors who created a community through wechat).

What they told me surprised me.
Actually, the Chinese market is basically frozen.
They don't plan to buy or sell.  In fact, they are mostly just setting it aside for two weeks as they go back to their home towns and spend time with their families.

When I told them that a lot of people in the western world are afraid Chinese will cause the market to continue to crash as they sell things off to have cash for Chinese New Year, they just laughed and said, "Who is stupid enough to sell at a 60% loss?"

What we gathered, is that speculative fud caused by non chinese about chinese is what people should be afraid of.

Of course, it's only a handful of people I talked to, but they assured me that the vast sentiment of the crypto community is to do nothing the next three weeks.

Might be the reason why the market crashes and the marketcap is still declining because we all know chinese has most of the bitcoin,which makes them dominant in the market,a lot of FUDs are spreading which can be a big factor to the community's mindset.

I think there will be a lot of altcoin and tokens going down in Chinese New Year because there are a lot of investors from China. New Year is a shopping occasion!

it looks like chinese new year never ends. i wonder how long it lasts?

Although I don't think it's because of the Chinese New Year fall.
But lately the entire cryptocurrency market has turned red, and I think it might be related to a meeting with the us tomorrow to regulate the cryptocurrency market.

Chinese Lunar New Year is just a very large cover. As you can see, many people in Europe are also selling coins held in their hands. This is no accident. There is no excuse for you! I think this is just a normal market behavior, or the trick of the financial giant!

I have heard that after the new year in China, the whole situation will change dramatically and the coins will start to grow again, I do not really understand what it is all about, but hope that it will be.

As always on Chinese New Year market will be dumped , because a lot of people will cashout to buy presents to their friends and familys . This happening every year , so there is nothing to worry about .

This is not just the issue, the central bank in China is banning Bitcoin.
this has been repeated many times, and made the price fall deeply.
coupled with the issue in India, is very complete and confusing

Indeed, the market is experiencing a big downturn and this can be considered a good time to buy. I also prefer to wait for the market to recover and the price of my coins will rise, so that you can make a profit. Most likely, we'll have to wait until the end of the month.

A week more and we should see bitcoin growth with all the alts also going back up. Chinese are crazy.

Chinese New Year is really long holiday,that's why our crypto is so unstable. All speculations will be ended in the March

one or two months maybe. And then, the market still need about 3-4 months to recovery in order to grow stronger. Well, I have to say that if you accidentally buy bitcoin at $18000, you have to wait for a long long time in order to have profit. Hope that everything will occur sooner than I expect

I think Chinese New Year - only one of the reasons. Possible main reason - Bitfinex-tether founders withdraw funds for the audit. We will see.

How much hope is due to the fact that after the New Year people will be able to breathe out all the stress that they are hoarding today. You see what is now happening in the market of crypto-currency, I think that all this should end after the Chinese New Year.

we're pretty near to Chinese New Year and we today see crash again happened for bitcoin and altcoins even some of altcoin had dropped more than 20% from the previous price but there are some people who predicted after Chinese New Year the price will gradually rise up and let see whether their predictions will correct or not but i personally want the price of cryptocurrencies before Chinese New Year can rise up again

In my own humble opinion chinese new year is one of the factors,another thing is the FUD that was spread few days back,a lot of it triggered a lot of people including most of the investor to do panic selling that resulted to bloody market,manipulations from the big players added the extra doubt to most of the people's mind if bitcoin can really survive the bloodbath,thou it happened causing more people panicked that shouldnt be happening when most of the people are doing their research,negative news comes from unknown sources are surely just FUDs.

In the weeks leading up to the Chinese New Year, the market drops because the Chinese are pulling out their money for the New Year. The Chinese New Year is like “Christmas, New Years and Thanksgiving all rolled into one.” I hope that the bitcoin price to turn around and go back up again.

Agree that the price have come down due to Chinese New year and may be price may sharply dip bit low, but this is normal every year. This is not the only reason but this is the major reason for dip in all cryptocurrency. Don't worry, everything would come to normal within this month end or during first week of March. Until then hold your crypto if you have and buy as much as possible in this period to sell at a good price.

Good thoughts mate, it looks like for the next couple weeks we seem to be on a downtrend for Chinese New Years. It does suck but you gotta go through these movements in order to get to the grass on the other side.

vâng, tết nguyên đán người ta cần một khoản tiền khá lớn nên thị trường đó, nhưng đừng lo khi tết qua đi bạn sẽ thấy btc và các altcoin khác sẽ lại lên giá :)

Yes china has made the cryptocurrency illegal this has made a great impact on bitcoin and even other currency because the holders of bitcoin are huge in china. Soon there will be a news regarding that bitcoin was a bubble and biggest financial crysis will be coming soon.

i think that this time bitcoin is very low and think it will not reach an even lower price because after this period with the beginning of march it will go rocket to the moon.

A lot of celebration on February 14, on day that will be valentines day, Chinese new year and Ash wednesday. Anyway a lot of Chinese people spending their money on Chinese new year because they believe that this is a good luck for them so most of them they will incash their money in bitcoin to spend it. On the other hand btc will increase again the value because after new years day they will invest again here in btc. This is my own opinion don't get mad at me specially Chinese people.

People believe whatever you do on Chinese New Year will happen throughout the year.  So if you're selling at a loss, you'll end up with losses throughout the year.  I would rather buy on Chinese New Year which means, I'll be buying throughout the year.  You have to have money to buy and you only sell when you need money.

Looks like they sold before the New Year and now they can't get back in because of the crack down on cryptos in China.  I think our trip to the moon is gonna fall short and we'll end up floating in space for a while.  Go figure, nothing follows a pattern indefinitely. ???

There is some kind of correlation between crypto and Chinese new year.
Here is the link that someone posted. It shows price downfall for last few years.

https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese

Yes, as we see now it plays, if not the key one, then one of the main roles. But to bring down to kopecks, I think this will not happen, although the Chinese spend a lot of money for the new year. I think that now it is necessary to buy.

As expected, the same thing during Christmas and New years season. There were too many Chinese crypto people that are starting to cash out and crypto market isn't the only thing that's affected but also stock market.
Those people are correct, crypto market is crashing hard now.  :'(
I have bought at $9,000 and now it went down to $6,900.

Probably yes, since many bitcoin holders are Chinese, so during their holidays some of them will melt some of their bitcoins.

I think that this is a point that needs some perspective.  Really, a crash?  I think that "dip" may be a more appropriate term to be using.  The same thing happened just before Christmas in December, but then the market bounced up.  I think that the long term vision is needed in terms of short term gains and losses, otherwise you risk getting caught up in emotional sell offs and major losses.

I am not 100% sure if the market fall and Chinese New Year has some connection, but alts always go down in the beginning of the winter. Anyhow, I suppose, after the period of stagnation and decreasing, the market will go up in late February.

The January fall of the cryptocurrency is repeated, as people celebrate the Chinese New Year, exchanging their cryptosaving for the fiat currencies. It starts 4 or 6 weeks before the holiday, when most people start organizing their vacations and buy gifts. Vacations will begin on February 16, however people start spending money right now. Given that bitcoin is popular in China, these phenomena have a significant impact on market movement.

With the Chinese New Year, of course, a lot of events are connected, many say that after the Chinese New Year there will be a rather strong growth of bitcoin. But on the other hand, people do not have exact certainty. therefore here probably it is necessary to expect simply small situations.

This situation is repeated every year in the cryptocurrency market. A great time to  fill in your cryptocurrency wallet with new coins.

Perhaps it is the reason , many post were created here on this topic and as far as I understand Chinese New Year can influence market a lot whether you want it or not.

There are a lot of bad news for crypto last time, I'm looking for long term perspective so I'm buying on  all this  dip small amount

China does not affect the market as much as this fall. many traders do not stop working even on holidays

No there won't be any new crash. Chinese new year is near and they have already cashed out their coin. Do you see how fud is slowly stopping? It means it is time to buy. At least to go short on bitcoin but i think that is it. Things are getting better
*woke up next morning and saw crash  ::)

people just give to much significance to the chinese nye. This january market dip was very much expected to happen, as it is normal market cycle after a spike we witnessed before. Also there was so much other FUD that chinese NYE could not make bitcoin dip like that.

I think during the Lunar New Year celebration it takes place a week before the celebration and a few weeks later I think it is still not stable and conducive, because chinese will take and melt their coins for every need in preparation to welcome their new year and personal needs until the Lunar New Year , I want to guess maybe during february this month there has been no recovery, hopefully in March to recover and rise.

I think there are too many excuses for the Chinese New Year! Can we say that the Olympics in Korea is to blame? I personally do not associate the fall of all crypto-currencies with such controversial events. I consider this to be a natural decline after a lot of growth and media outrage!

Chinese New Year begins a new lucky year for some people!

Crypto trading is risky, masternode mining is awesome, find a solid coin and HOLD!!!

I would definitely consider this coin, it has a niche market and had an amazing start!

Check out this new coin, already on exchange!  ROI looks very good!  Medical & Commercial Cryptocurrency with Masternode and Privacy!

https://bitcointalk.org/index.php?topic=2753447.0

Do your own research, study your own investments Smiley and luck will come to you Smiley


The stats are taking from https://masternodes.online/currencies/MEDIC/
MEDIC DAILY INCOME (02/01/2018)
$1,177.6975
0.13773984 BTC
5465.8667 MEDIC

Although BTC price is low today but MEDIC MNs still have very good return.

I think growth will begin before the Chinese New Year. This is due to the fact that the most cunning
investors will start buying crypto-coins in advance so that they already have assets when Chinese investors return to the market.

yeah chinese new year and Crypto are two part that can not be separated.
the biggest coin holder in asia was china.and then we still have japan and south korea.
3 of that country hold more than 20% BTC.imagine if all of them sell it,we will have big dump in short time.
but like before btc will be move up again when lunar new year end and market been active again in asia.

I think the upcoming Chinese new year may a bit somehow affect the value of bitcoin since I think bitcoin holders of chinese community will encash some of its coin for the celebration of the event. But after the chinese new year I am optimistic enough to see BTC to soar high back up again where it was before.

The crash was done 2 weeks ago and continuing until now because most the chinese already pulled out their money.Now i think after Chinese new year it will come back to its normal or the price will be bullish again.

Because the cryptocurrency market Chinese people's proportion is very big.
Therefore, the impact of Spring Festival on the whole cryptocurrency market is also very big. I think that after the Spring Festival, the whole cryptocurrency market will start to turn green slowly. ;D

I am Chinese but living in a Foreign Country and know that for a month there is pre preparations and then two weeks of celebrating the Annual Holidays with Family affects everything. Almost everything comes to a stand still in China at this time as it is the biggest holiday and most important time for the Chinese, like Xmas and New year is for Westerners. Naturally the Chinese Whales have taken a bg chunk of money out of the crypto markets, this including the wide crypto ban in China itself has had its effect.

Yeah, that's the one of reasons why the market was falling in my opinion. Lots of people were cashing out their crypto, top time point to invest and get your x'es :) I guess that market will grow very fast in next 2 weeks.

I dont know what to say about this, but are the chinese people crazy? ;D How long does this chinese new year feast is going? Its some weeks ago when cryptocurrencies are crashed because of the chinese new year, so when will the chinese come to and end of their party? Is any chinese here around who can tell me the truth? Do the chineses people really go crazy for this feast and spend all their money on these days for gifts?

I do not think Chinese guys play such a great role in crypto society. Moreover, Asian serious traders would hardly spend their coins for their New Year. This market fall has the other reasons — this might be the policy of some countries in relation to Bitcoin.

many say after the Chinese New Year will rise the price of bitcoin and the other in because imlek less than 1 week will happen sales or withdrawal of money that will be made a chinese new year event. hopefully after that bitcoin market price will get better again.

Well the Chinese are indeed weird. ;D

In one way or another, their new year will definitely affect the market.

And this will be taken into consideration by anyone, of course there are melting money far before the day. And this is one factor why the current price is not yet pump. Maybe 1 month after the celebration then the price of Pump. Hoping like that.

I think chines new year is chance for others coins like Gifto and others where the demand on this coin may raise a bit beside chines people may sell some of their cryptocurrencies  to travel back their home and paying some gifts.

I think the price of all coin fall is also due to the chinese new year, as very many people are cash out to meet their needs when the chinese new year arrives, most likely the coin price will rise again when chinese new year ends

Yes, Chinese need cash to buy some goods for the New Year.
The crash means chance, u could buy dip as the price will fly after the Chinese New Year.

Chinese Lunar New Year is certainly a very worthwhile thing to do because it means in the New Year in China, Bitcoin holders will sell some inventory because the Chinese will spend money to celebrate the new year.

I don't think the reason of market crash is Chinese Luna New Year, they need some cash to celebrate new year , but it's can't let market price dip , most of the reason is people saw a lot of bad news about crypto , scare their investment become $0 if all the country decided to banned crypto , but they can't do that

i dont think that it will result another dip just because its chinese new year.
but i dont really sure what will happen when chinese new year would come. lets just see if the predictions are right about what will happen on the market.

We just need to survive this crash in February, most likely that the truth is waiting for us a "gift" for the Chinese New Year in the form of a twist of the market of cryptocurrencies.
But we will be ready and wait for the launch of the rocket to the moon in March!

I think that with the advent of the Chinese New Year, the market correction will end. And growth will begin. The lowest price of bitcoin is yet to come. very confident after the holidays all altcoins will moon

You think it's not the end of the collapse ? It seems to me too still one wave will shake and once again we will go down where we will buy well btc and coins of the first flank

Actually, all possible theories are feasible. But it is very understandable that the Chinese New Year, and now that you have mentioned it, the Olympics in Korea could be key factors. This is because the holders of bitcoin in these regions need liquid cash to spend and celebrate during this season. Let u snot forget that China and Korea hold at least 20% of the entire bitcoin, so if they start selling to become liquid -  bitcoin not valuable at this point, as it can't be easily spent on the streets, you can imagine that the prices will react by dropping. Let's hope that they sellers, resume buying after their holidays and Olympic Events. The prices should start shooting back up April. If this is anything to go by, maybe we can experience that same thing with the upcoming World Cup in Russia

I also think that this is just another wave of reducing the price of the crypto currency, which is not associated with any holidays. This decline was affected only by negative news about the market of crypto-currencies.

Chinese New Year is on February 16th this year and the crypto market is holding its breath until the date passes. Why? In the past, Chinese New Year has caused crypto prices to plummet.

Asian countries (China in particular), account for a huge portion of crypto trading. This becomes pretty evident when news breaks about some regulation or another regarding cryptocurrencies in those countries, and the crypto markets crash as a result.

Will the tradition continue? Will we see yet another crypto fallout because of the Chinese New Year? Let's wait and see.

I also tend to think that we will see the consequences of the Chinese New Year. In China, there are so many people, so the impact will be significant, because these people need to withdraw money from the crypto currency to make gifts.

I read many things about doge year in China now but they're somehow in holiday. This maybe affects the market negatively compared to old high volume days. I don't know if Chinese people are totally resting now but this is no good for the market.

I'm not really sure which way it will swing. I just know that if it does in fact take another dip, I'm definitely buying more coin! But i do believe that after all of these events pass, there will be another bull run coming up. So i'll just be trying to fill my bags before that happens!!!

Last year the Chinese new year affected the market. But it might not affect the market this particular year probably what happened last year was just a mere coincidence.

I'm waiting for February 14. Then I'll make a decision. I might buy the Ethereum. Also I have altcoins and I will wait for their recovery.

i think after the Chinese New Year will rise the price of bitcoin and all alternate coin. and currently its time to invest our money to coin. because before the Chinese New Year, all Chinese investors would withdraw their funds for their imlek. so far the coin price has not gone up significantly yet. i hopefully after crash that bitcoin market price and other coin will be increase.. :D ;)

I think Chinese new year will surely impact the price of bitcoin.Nearly two weeks to go on.So this is the right time to inverse in bitcoin for your future.at this new year they may sell their bitcoin for the new year celebration.If I was in China,I will do the same.Happy New year.

I think they are selling everything they have to prepare for Lunar New Year. So, it looks like the market is falling and unstable. I think it will soon recover and become active mid-year and later this year. This happens almost every year

Ambiguous holiday of course.I think many are looking forward to what will happen.I originally thought that the fall would not stop until the holidays but I was wrong

I worked with the Chinese, they really do not do anything during the holidays. Last year, I bought the phone on AliExpress. I waited a very long time

Well we can't say whatever way they wanted their investment to go, but it will be an impact for a short term since Chinese knows how to play with the market and they always finding ways to earn, if they seen bitcoin or crypto will bring fortune for them, then they will go back and re invest again, better
to wait for this people to realize the potential just be ready if dip approach so you can buy more.

I think the Chinese new year is done and we should see bitcoin and other altcoins rise again when Chinese investors come back to crypto. Chinese are powerful tool and speaks volume as regards crypto.

I definitely think there's some relation, despite what John McAfee says! We've already survived the rest of the world's new year, now we just have to get through this one and we'll have a huge influx of money. Unfortunately, this doesn't come without paying the price of the huge incoming price dip that we are all expecting.

does not matter.. we are in already dip.. more or less.. if you hold or buy, you will make benefit..

I agree with the people who think that the Chinese New Year will have an impact mattering on the course(price) of cryptocurrency, she alone represents an important capitalization in the total volume of Bitcoin traded thus if it removes all massively it will have necessarily an impact on the course(price) of Bitcoin paradoxically if the holiday period is ended the course(price) of Bitcoin risks to go up again and all the alconits is going to go up again at the same time as Bitcoin

Well, it seems to me that we are already at the bottom of the fall, well, or I'm already so tired for all this time that only this is left, to believe that gradually the growth will begin. It's clear that this strange situation still lasts a month, but I still think that now the situation has become more stable.

Anything is possible. I have no idea what's going on in China, it never occured to me that such an event could influence markets that much.

Chinese New Year is knocking at the doors , so I think we will see a some market dump soon . But I guess it will not cause a significantly price dumping , my forecast that we will see a ~10% market decreasing within this week , which will recover very fast

Lunar New Year in some Asian countries such as China, Vietnam, Japan, South Korea, Cambodia ... is the time to reunite families and have moments together. The market for cryptocurrency during this period often fell sharply as many investors sold their crypto coins to rest in the Lunar New Year after a 1 year market. March will be the time when investors return, so that will be the time when the market grows stronger.

We already have a crash. Not sure that Chinese new year will drop market more. BUT we may test the dips for many alts. It will be useful for market.
Still don't understand whether Chinese were totally banned from trading or not.  If Chinese are banned, so Chinese New Year will have no effect.

Chinese new year is the largest festival for the Chinese. This is the festival when Chinese people visit their parents and family with gifts with large number of people leaving the metros to get to their village home. We can aspect a high pressure on sale. And it just lies 2 days after the valentine day, a popular spending event around the world.

Neo prices are in a down position (in these three days).
Today, I will buy neo and hold it for a week, or two to three days after Lunar New Year, Neo is predicted to make a big jump after that.

Definitely a good plan to buy some NEO this week   ;)

I often read about Chinese New Year these days, some people say the market will crash again, some say there will be an uptrend. But why Chinese New Year should be about cryptos? Why it’s should have an effect to the market? I’m not that long in the crypto world, how it was the last years at Chinese New Year? Something happened?

I think so, as we know Chinese has significant crypto users also. I hope the effect is not too much and minimal. We know that bitcoin has dump so hard already, and we do not want to see diving  more downward.  ;D


Gong Xi Fa Cai !

every year there is a crash during this month of the year because of it, many chinese would like to spend lots of money for this event, it is a good oppurtunity to buy during this event.

Well it's in 3 days now. So it's interesting to see if it will fall again, I'm planning to buy if so.

Anyone planning on selling beforehand?

Chinese New Year is certainly something very much anticipated .I don't think btc will cost a penny but it's gonna be interesting to see the effects. I'm definitely not going to buy anything till then.People usually cash out before the New Year around 2-week or even more.

This is a funny thing, as far as I know China has banned encryption currency trading, so why is the Chinese New Year will be such a big influence on encryption monetary market, it is because of the Spring Festival fall? I look forward to a big increase in prices after the Spring Festival.

I think so! But need more info!
I think, and the attractive price will come back in early March

I'm not sure. We've had the big rise in December and the big dip in January. If the market had been stable for a long time, then maybe Chinese New Year would have a big effect. But against the pattern of the turmoil of the last couple of months, I'm not sure that Chinese New Year will matter too much.

I think chinese new year , the real reason for every newyear begining dump

I think chinese is will bring great this year of the dog. Chinese is important rule of crypto it is also the biggest miner country and whether it will ban the chinese will looking a way to have crypto in their life.

Well maybe it's just a co incident, because its normal that the market are going down and sometimes many coin rise again, but what really happen now is serious thing because bitcoin and many altcoin are drop a lot.

I don't plan on selling until I see it back at $15,000. There's no harm in waiting so I'll let the Chinese New Year pass and see what's about to happen after the celebration is done. There are too many beliefs that Chinese people needs to do that's connected on how to become wealthier and prosperous throughout the entire year. And they will buy more bitcoin as they have a belief that the more you'll have for the entire time, you will become wealthy until the end of the year and this will be done on repetition.

Do Chinese still have much influence on bitcoin price? Bitcoin price is just normal to me. Don't expect any price increase without some positive news as regard bitcoin development such as scaling, transaction fee etc.

Why does everyone think that all the Chinese are selling the Crypto currency in the New Year, would you do it yourself? If you need cash for holidays, what kind of purchases will you bring out money for the week, who needs them on New Year's Eve?

currently the red market, I do not really know why the market is so unstable this week. may be true, the Chinese New Year will have an effect on the development of crypto. I am currently just trying to research the state of the market and trying to find profit opportunities in every altcoin

To wait remains a little. So let's see how it really will be. On the market, crypto currency is solid manipulation. And all manipulations are usually adjusted to events. And the Chinese New Year is no exception.

should i panic?

I dont believe we'll see another crash on Chinese new-years!

I'm still waiting, but still, I'm happy either the deflation or inflation happens for me it was a win-win situation if bitcoin crashed then I will buy more low price good profit if bitcoin increase then I will wait till it reaches my goal price then cash out and buy again after the crash. On this kind of investment, you only need a great patience time is a huge part of this kind of investment.

This Chinese new year identify by year of dog. I think it will the shine year of dogecoin. If there is no bad sentiment about government regulation i think bitcoin will in their stable price. Crash time Not because they sell their asset because to use in chinese newyear a good speculation research the market environment.Hope there is no red line like the first year. But as an investor everytime price crash i will buy some coin for invest.

I am clearly convinced that everybody in Asia are buying 10BTC+ worth of presents for the loved ones for holidays. /sarcasm

It's all speculation. The Chinese are the biggest buyers, owners and producers (sellers) of Bitcoin.
It would make more sense that the mining operations sell some assets to stay safe (have money for the bills) in case of big price fluctuations in the couple of days they will celebrate, that could affect the price, but not the sales of individuals. However, I believe that lately the price is in the hands of the speculators, so the holidays don't matter that much in the equation.

The eve of the Chinese New year is a period of significant expenses, during which people book all kinds of travel and recreation, not to mention the purchase of gifts. Just as in Europe and America spend money before Christmas, so in the far Eastern countries in January are preparing for the new year. Therefore, the January fall is completely predictable and connects it with the new year on the lunar calendar and the significance of this holiday for the Chinese.

I think the price of bitcoin will not totally affected by this Chinese New Year celebration, as we know that China has banned the use of cryptocurrency in their country and block the access to all domestics and foreign exchanges. And it was resulted to massive downfall of bitcoin few weeks ago at $6kUSD. China has done the damage already and not this time again. We had now stabilized at $8K ~ $9K and i don't think that this will go lower than $7.5KUSD due to this Chinese New Year.

There is no movement, either deposit or withdrawal, in my portfolio right now. My Bitcoins are intact. Back then, I seldom park my Bitcoins and altcoins to USDT or Tether but I have heard a lot of issues and suppose risks involved in Tether. Since that time, I already started to avoid using Tether. I just let my Bitcoins ride in the very rough roller-coaster experience. No problem for me. We all agree that Bitcoin will generally be moving upward. 

In my opinion To celebrate the new year, Chinese people can also sell their hold bitcoin according to market price. That reflects a further price decline, so maybe this is the best time to turn your money around. After China's new year, prices will start to increase again. So use both options to shine in trading

I don't think Chinese New Year will have any major impact on cryptocurrency.
China is no longer the country with huge trading volumes.

I am totally with you pal, I too do not plan on selling anytime soon. At least not until I reach the realistic desired profit I have set and have been expecting for this year. Although I am completely on a loss right now, I am still buying whenever I get the chance to do so and if my financial state lets me to. I have been looking at the past years of the cryptos and I think I saw a pattern. Although I am not assuring I am right, but if I am right, I sure am on the way to hitting the jackpot. Lol. Anyways, hope that we both are making the right decisions and succeed. :)

I think the Chinese New Year will not significantly affect Bitcoin prices, yes it is anticipated that Chinese will cash-out some of their Bitcoin to fund their festivities but I am dealing with Chinese people in the last 5 years and I know that they are one of the most conservative with their money.

Chinese new year and market crypto what correlation? and also the Chinese new year does not do crypto transactions in the market.
logically it does not affect and it makes sense.

I don't believe that there will be another crash because there is already a big crash lately, if it deeps, it will not go  down so much and not all Chinese are cashing out every Chinese new year.

Chinese new year does affect to crypto world, but not totaly. we assume that when chinese new year, chinese people will withdraw their investments for the new year's needs. but you should to remember, crypto world does not belong to china country. all countries are free to play crpto. so.. don't worry too much.

A lot of negative news for bitcoin is connected with the Chinese New Year. But let's hope that this is still not true, although there are statistics that it is on the Chinese New Year, bitcoin loses its positions, but still the hope remains.

Many people believe that after the Chinese New Year, bitcoin will begin to grow. I also want to hope for it because I'm tired of seeing the red market. I hope that in a week there will be a good growth.

Who owns the information and can tell how strongly the Chinese New Year affects the market? when do they plan to get their money back?

There's nothing to lose if I'll be calm and wait for the price to recover right? I'm still on a profit right now even the price gets stable at $8,000. This is still a good price for me though but I've seen throughout the window that bitcoin can expand more and I need to wait for that time to come so for now there's only one thing that I'm thinking on doing and that is the legendary method of "HODLING". No regret with this decision as I took profit before when it was even lower.

Chinese new year is on Friday, February 16 and will last until the 21st. I think we might see things pumping again and reaching their ath again after the 21st when most people return from vacation. Not sure if things will remain stable or we have another dip from the 16 to the 21. I would have some fiat ready in case things dip again.

Yes. We should expect a big decrease in value during this Chinese New Year. I've been preparing myself for this event to come as I have been advise and also I read a lot of opinions in this forum about Chinese New Year. I also bought lot of coins and enjoying the feeling to buy lots of coins as the value decreases at this time.

That most of the drop in the value of Bitcoin and the alts is already baked in. I would be shocked to see a further decline with the Chinese New Year this year but I guess we should never rule anything out

I think people will cash out during last week until 22nd February
After that, things will going back to normal

Such moments need to wait. Nobody knows what can happen during the Chinese New Year. Good news can come out and then you will sit with the fiat and grieve. So don't panic and everything will grow at times.

Let's think logically. Chinese New Year does not herald a fall in prices. The Chinese New Year is the reason for the fall in trading volumes and only. And the growth / fall in prices from this can not depend.

Yeah, I'm also expecting that and its a great opportunity to buy at a very low price. I think this quarter is the time of buying. Its quite sad but we need to hold until the best price to sell.

Due to Chinese new year the price of coin falls down and it is high time to buy at low price because after that it will give you high profit.

I bought some also but they haven't increased until now :D still keeping hope with my choices.

I just honestly don’t see investors being like let me cash out my investments to fund New Years festivities. It seems like a ridiculous idea to me. People are in crypto for money and adoption of the tech and I don’t see a holiday regardless of the magnitude getting in the way of that.

I agree, it's like some kind of fiction or justification for reducing the price of coins. The reasons for the decrease or increase in the price of crypto currency are more complicated, you can not write off everything only for holidays.  ;)

Only new investors can cashout money for festivals etc, its not possible for wise investor who has invested in a long term, cashing out money for shopping. Most of investors are investing in crypto for long term which means its spare money for them and not from every day use.

Yes, probably you are right. A professional investor will not withdraw money before the holidays in order to buy gifts. But it seems to me that the share of professional investors in the market is not so great, therefore, not professional investors can significantly influence the price by their actions.  ;)

There is no accurate data on how much of the total number of investors occupy professionals, this is facilitated by the fact that crypto currencies are anonymous. But in any case, the proportion of non-professionals is large enough to influence the price of crypto currencies, so the price of coins before the holidays is often reduced.

Chinese New Year can only have positive effect to cryptocurrency.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.

Let me tell you that time has proven everything. Now that the Chinese New Year is over, the price of bitcoin has slowly risen.

That's very far-fetched. I've seen Chinese New Year many times and they strictly follow their traditions and most of the time, they pray to their dead loved ones and ancestors so crypto has no room for that occassion.

Now chinese new year has already ended about half month ago.
looks like not much effect on bitcoin or other cryptocurrencies after that.

Not at all.
Chinese New Year give Chinese an opportunity to gather together from all around the country.
Some rural residents will get information from their urban friends.

Yeah pretty much nothing came out, i don't think a lot of people were expecting that but it's interesting to see the reaction of people.

Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.

Yeah it pretty much had no effect and will not as well any time from now.

You are right, but the unknown frightens us. I am afraid of prices dumps because of chinese investors...

You overestimate the influence of Chinese investors. Of course, there are many people in China, but not so many investors. I believe that South Korea and Japan have a greater impact on the crypto currency market.  :)

Yes, there was much talk about the fact that before NG Chinese prices are so-so,and in the correction area,and only after NG Chinese,should begin rising gradually or vzryvnoi until smotrem,and we hope for an explosive,as 3 months of correction and drawdown it's tough

For me there's no connection in crypto if Chinese New Year came. We all know that there's a sudden increase of price in all coins when Chinese New Year came but for me it still no connection in crypto.

I think Chinese Lunar New Year does not have much impact on the crypto market. I think the law prohibiting ico and the trading floor of the Chinese government influenced the market quite large.

the Chinese Lunar new year ends but the market is still going down and down due to the lack of cap flowing into the market :(

tired of this Chinese new year's continuous uncertainty in the cryptocurrency market , it's time to start working ;D

When the Chinese New Year came, all coins has been pumped. Many traders got an large amount of income when Chinese New Year came but it doesn't mean it has a relation or connection to each other in suddenly increase of price.

I also do not think that there is a connection between these events. Just coins are falling when investors begin to withdraw their means in order to fix profits. This withdrawal of funds can take place at any time, any day of the year.   ;)

There are lots of blessings that comes when the Chinese new year come. One of these are he recovery of bitcoin from the continuous loss that faces and now they slowly recover.

The chinese are really relying on their old belief about everything. We can see that they are good in business and investing. I think they are successful not because of their belief but because they are taught to be good businessmen since they were children.

There are lots of blessings this year of the earth dog.
The Chinese new year gives grace to the cryptocurrency because through the celebration it lessen the continuous drop down of market value of different electronic coins in the blockchain market.

I would not connect the celebration of various holidays and the change in prices for crypto currency. It's too obvious to be true. I think that the price depends on more global things.

I agree, for example, the current drop in coin prices is not associated with any holidays. This is usually influenced by more global news, such as a government ban on transactions with crypto currencies or, for example, the legalization of a crypto exchange in a country.

Lunar New Year or China affect the economy. at this celebration usually people will more often shop culinary food and travel services. Chinese New Year celebrations are said to contribute to the decline in the value of btc or virtual currency in January. it's because Asian market participants are considered cashing in their virtual currency. in my opinion, such a thing is a normal cycle in the btc market and most likely by the end of February there will be a new trend where the currency exchange rate of cryptocurrency will rise again.

The people that are selling the coins should know that the price is going up. This could only be a temporary issue because Bitcoin is young.