Bitcoin Forum

A large number of people at this forum spoke and say that the Chinese New Year should definitely leave its mark on the course of the Crypto-currency. Will the rate fall or vice versa rise. But in any case, he must respond to this event. Let's hope that only a plus.

On the principle of his determination price Bitcoin it between sellers and buyers no influence imlek here. There must be deal between the offer price ( the price of people who sell Bitcoin ) and the price of demand ( the man who bought Bitcoin ). The difference to her, Bitcoin and digital currency is homogen. That is one Bitcoin synonymous with other Bitcoin, although there are many prediction if the price bitcoin will rise after imlek.

I dont think so. just like another ordinary day or month, bitcoin/altcoins is very unpredictable and we don’t have enough basis to know why its value have fallen or risen. Also China already banned cryptocurrencies, so how does chinese year still affect the price of cryptos?

when is chinese new year, tomorrow right? if influential, maybe from today or before the market has reacted, but what happened? the market is getting stronger and the average alt has gone up, so I conclude that chinese new year has no effect on the market.

Congratulations to all on the Chinese New Year. Now the year of the yellow dog came into its own. I think that now the doggeoin should rush. It's time to fork this coin already.  :)

I think not so influential because there are many other international markets that also compete.

We have 20 asian countries celebrate Luna New Year (as China, Japan, VietNam, Korea...) so I think Luna New Year will affecting to crypto currencies market in few weeks before it happen because user will sell altcoins for cash to buy new items, food...in this event.

Very often events in the cryptomarket try to explain by external interference. As far as I know, there were no reasons for the sudden increase in interest in the cryptocurrency at the end of 2017. However, this happened. I think that more interest will be presented not by specific dates, but by news about changing the attitude to the cryptocurrency of governments in different countries.

As for the belief of Chinese, investment is one of those things that they were looking for luck. For me if investing Bitcoins in their country is available I mean not prohibited I think they will surely pour some investment during holiday but if not then some other countries will do it instead of the mainland China where majority of chinese people are living. In fact our government declares holiday for tomorrow and we are also part of Asian countries. But I still can't tell whether or not the the price will go up or down however it will still depends on the community either they dump or hold and I am pretty sure of that. Holidays like Christmas season for sure has possible dumps though I am not that sure in Chinese new year. Here in my country holidays could possibly be a reason for a dump and I think this will also apply to other countires too.

I have heard mixed opinions about this topic. Some say the dip was mainly caused by Chinese who cash in BTC to buy presents for Chinese New Year. Others say Chinese New Year is just another day and have no effect or limited effect.

I think it would be. Before, usually the Chinese new year the whole market was falling. But, if we consider that the market has fallen much recently, the strong fall in the near future should not be expected. If there is a fall, it will not be more than 20%. IMHO

I am expected a sharp collapse of the market for the Chinese New Year, but so far the opposite has happened and I am very happy about it!

There can be a possibility if we look at the Chinese culture. Most Chinese does not want to sell before or during the new year for good luck. So i guess most of the chinese are holding on to their coins right now, but soon after the chinese new year you should see some movement of coins due to chinese either selling them or buying them which then affects the whole crypto economy.

I think it really does have an effect. If you will observe the past market trends, each year market crashes during the first quarter of the year, or during Chinese New Year. A lot of people speculate that majority of Asian investors cash out their holding to celebrate the holiday, and buys back after the celebration. So, maybe such holidays also has an effect on cryptocurrency market.

I also expect a short fall. All Chinese websites started promoting big discounts to products. It's impossible not to be tented to spend a bit from what you accumulated when this happens.
But since the market is currently growing I think will come back shortly and we will not see a big drop.

I think that the Chinese New Year 2018 will not affect the crypto because nothing will happen during the Chinese New Year, if the whales want to cashout to buy a gift then they should cashout it a month ago and spend time with the family during these holidays. They can also celebrate this new year by pumping cryptocurrencies if they have nothing to do and buy Bitcoin and give their family members a gift.

I am of the opinion that all New Year holidays influenced the market of Crypto-currency, including the Chinese New Year. I hope at the beginning of next month the market will be more active and we will see a rise in prices for crypto-currencies.

Maybe we arre going up again after the asia market is back again. But I think it will take a little bit time before we are going up again. Bitcoin is doig well and it tries to break the 10k mark again! Lets see how fast we are going up!

I believe that definitely the Chinese New Year will affect the market. And as most believe that there will be a firing in this period

I think we are already on a bull run. Everything has been going up for the past week and there where quite a few good news already.

https://i.gyazo.com/8a3c86fb2e38887f3569fde32ca7e2d2.png (https://coincodex.com/)

I think it would be wise to see what was happening with the market during the previous Chinese New Years to conclude that no effect is made. Last year the price of btc went up a bit, just like it was going up before and after it. In 2016 the price stayed the same. In 2015 it went down a bit. I would say that no real difference is made by this event, so there absolutely nothing to be waiting for today. Just the usual day with the price a bit up or a bit down. And by the way, Chinese market is quite strong as for a national market, but it's not capable of really making a difference just like any other national market.

any holiday or a new year it is a short period, i wanna know and work for the long term, and i hope it will more grow, so i have a patience to wait.

Yes, it will have a positive impact to the market.

It is difficult to give an unambiguous answer. On the one hand holidays for people it is always a lot of free time for recreation and trade. On the other hand, this is the need for real money for travel and shopping. So let's see who will be more selling or buying. Depending on this, such a market will be - growing or falling.

I not sure if chinese new year effect the market because a few days before Chinese new year the market slowly began to improve. the price goes down because some countries ban crypto currency and a lot of people are afraid to invest and prefer to sell their coin, I think that's why the market are goes down.

It is difficult to say, though going by past graph, The Chinese New Year which begins On 16th Feb, could have a major effect on crypto markets. Chinese and South Korean investors exchange their crypto holdings for fiat currency for the holiday to help fund Their new year spending. Every year since 2015, bitcoin has reduced value in Jan and gained in Feb.

Someone tries to pump DOGE using telegram chats)
Their idea is connected with Chinese NY)
Be careful, don't buy on pump, because you'll had to sell it on dump)

Yes, the fall has already passed, and now the market reversal . And like the news about the Chinese new year has exhausted itself . So I hope for the dawn of the market

 Every year since 2015, bitcoin has reduced value in Jan and gained in Feb.
And today we see that bitcoin grow up again 10k+
 8)

Look at the previous years and you will find the answer. At every Chinese new year the price increased much higher and in this year we will also see the same result. You can see the result from today these are the affects of the Chinese new year which will be more prominent in the the next month. So the answer is that yes it will affect the price positively.

I refuse to believe that Chinese New Year affects the market somehow. Of cource China is the huge part of the community, but it shouldn't influence the market so much. Don't pay much attention to FUD about it)

one can only hope if it effects the market it will be in a positive way. and gets al the chinese in crypto

The population of Asian countries is undoubtedly very large. However, the impact on the market recently decreased significantly. Today we are seeing the best prices for currencies during the last month. However, I do not think it's for long. But to see positive trends in the market is always pleasant.

what to guess, in two days we will see what will happen to the market and it will be clear whether Chinese new Year affects the market or not)

Chinese New Year aka Lunar New Year is not only celebrated by China.  There are many countries that celebrate Chinese New Year such as Vietnam, Singapore, Malaysia, Korea and many others.  I think it will affect the markets positively since people don't like to sell things on Chinese New Year but like to buy "Gold".  Cryptocurrencies are digital gold.   ;)

I belive that these holidays will have influence on cryptocurrency price, price graph of last year shows a little dip in february. This will probably happen this year too.

The new year is going to affect things as those in Asian countries celeberating the new year will have to close in on most of their positions so as to enable them have Fiat to buy stuffs they will be needing for the ceremony. It's just like during thanksgiving as people will be selling their tokens for Fiat.

The chinese new year already had an effect on the market like few days back hence the dumping in prices..... So right now the market is  just bouncing back and recovering

I think that the market is in a stage of waiting . After Chinese new year , the market will go up