Bitcoin Forum

It seems that the 24H trading volume is pretty low recently, as the Chinese New Year holiday is coming to an end, what do you think the market will move, especially the altcoins?

I hope altcoin will move on early March, Currently Bitcoin starts move to $12k but altcoin is still so weak except Litecoin and ETC
buy altcoin now with price so cheap.

This is altcoin! Whether BTC is breaking record high or dipping badly, altcoin market will be weak with low volume, and when BTC is stabilized, altcoin will skyrocket!

Many experts on crypto currency say that the market will sharply go up as the holidays end! Many Asian countries will begin to buy up the crypt, so it makes sense now to buy, and win on this growth.

its happens from last 2 year , before new year starts market up and then down for 2 months , all prices reaches lowest then again up with bounce back power btc will cross 20,000$ this Time and All altcoins will enjoy this rain

It looks like quite the opposite at the moment. All prices go down, including BTC. Many altcoins are hitting the 20% dipping line.

I have to agree on this, in order to see good movement in lats, btc sould be stabile.

Right now situation seems to be a bit scary. Because as soon as BTC tapped 12k, everyone run like crazy. If it wont be scary it is funny!

So what is it again this time? Another Market crash? There is going to be a hardfork called BTCP right? And this time it includes ZCL, so why is it going down? Is there a country that plans to banned again crypto.

I find it true that most Alts are indeed in harmony with BTC, I thought it was inversely proportional at first glance. If your statement is true then it's best to buy right now when it is still in the dip.

In contrast to stocks, ahead of long holidays and religious holidays, the Cryptocurrency exchange rate will go down. This happens because Cryptocurrency is used as the currency in the transaction. Or in other words, people use Bitcoin and the like to shop. But let's see if there will be a change as China's new year has ended.

There are officially 15 days of chinese new year.
Having said that, there is no concrete proof that the chinese new year holiday caused the dip.
It is just a hypothesis and people try to find a reason for the dip.

it is decentralized, no one could control the price ( maybe only the whales do it ) so I think that just enjoy the volatile of this market. no one knows where it should be, but when demmand are more high than supply it will be move better.

Although the Chinese government banned ico, as well as the cryptocurrencies trading platform.
Many people think that Chinese people have less influence on the cryptocurrencies. However, I think this is not true. I think the influence of Chinese in cryptocurrencies is still huge. Therefore, the Chinese government's influence on cryptocurrencies, the same is great.

Chinese New Year is only a factor for price volatility of crypto market. I expect that starting March 2018 we will see a lot of movements and i am expecting also that some altcoins will not survive on this year. Only bitcoin and good cryptos with service and product already provided to the community will remain.

Whales do control the market. the good thing is we know when they BUY and SELL because the ledger or transaction is public. This is the great compared trading FOREX or STOCKs.

Yeah, it’s possible, but may not as crazy as that in 2017 as lots of people have already learned about the potential risks in crypto trading and may make decisions more carefully now!

I think this year may be a little different from what happened before giving the unprecedented regulations on cryptos and the record breaking fund raising volume of numerous ICO projects.

What a lot of people are saying is that the market won't make much progress until end of march/april.
That is when a lot of Americans get tax returns and have more spendable money.
On top of that, from just a pyschological perspective, as spring comes in people become more open and willing to invest more.

As far as the chinese new year thing, I wouldn't expect a bull run right away.
Most chinese are going back to work, but some still celebrate the full thing (it's 15 days!).
And think of it like this, during your christmas and new year's holiday, you are happy and loose with your money.
After it all and you go back to work?
Yeah, not so much.

you have to realize that a lot of Chinese are coming off of a nice holiday back to the daily grind and having spent a lot of money during their holiday.
I'm not so confident that there will be a mad rush to the crypto markets.

After the Asian New Year, many people return to work!

Many new ico project crowd-funding continues, and people in the region start to focus on the project investment, which is expected to be a climax at the end of February!

It is impossible to find any concrete proof of any dip or gain in crypto trading. I still believe the whales control everything. When they begin to be active, the market may go up again, so let’s just see if the volume will increase!

People already get back to work today in China, it seems that the market has dipped a little before going up crazily!

With all the recent bad news/ reputations in crypto. I would forcast sideways movement, includes some dips for the crypto market. It will probably move back up in Q2/Q3. China would not make much impact now as the govt crakdown and blocking of all trading website. Thus slowing down the price going upwards. Hopefully china will lift the ban, then we'll see the crypto prices going up like crazy.

There won't be a mad rush but rather careful entries at different points. Already the speculation of chinese investing more during this period has resulted in bitcoin jumping over 11k and heading 12k shortly if it passes the 10k resistance testing point. The chinese might be looking at something under 10k to invest or depending upon the market conditions that head over in the next week. Next week people need to be careful while investing since either it will go on a run or might test 8k again if there is no support at 10k. A lot of money involved in crypto is new money so they have already got a desired profit. Need to see if they run along with it or stay longer enough to make some more.

I don't think the Chinese New Year has anything to do with the crypto price or trade volume.
Though the market is still fluctuating a lot, I am pretty sure we have recovered from the bottom.

Yes,it looks like quite a problematic condition for regular traders. They can't trade for market situation. The condition of market is red now.But hopefully, it will overcome soon.Btc will hit its peak value after Chinese new year holiday. We are eagerly waiting to see this revolution.

the market is ready for a recover, just give some time at the asian market to recover after the chinese new year celebrations, the new capitals will make us fly soon

There are many who predict that the cryptocurrency market will grow strongly after the Lunar New Year. Yes, but I do not think the value will rise high. China and Korea are the countries with large number of cryptocurrency transactions and they also have Lunar New Year. But behind that, is the ban. There is reason to believe that supply has been limited after large volumes of bitcoin have been released. But it is not all. Of course, the thriving cryptocurrency market is something we all look forward to.

At present, the altcoins market is not well predicted. But the mainstream encrypted currency will have a pull up after it. Please invest as much as possible to support the application of encrypted currency.

No one can control the price, the market is growing now.

Many believe that the Chinese have less impact on cryptocurrencies. But the opposite is true. I think the Chinese influence in cryptocurrency is still huge.

I think will still fall because when everyone feels after the Spring Festival, there will be a good rise, so often will continue to fall, because the people making money is always a few, so follow the majority of people do the opposite decision, you can make money.

I think it is a common thing that market being sideways. Be patient and wait for the market movements. There will be time that market will go down or up.

The cryptocurrency market is quite stable after the Lunar New Year holiday in Asia. This shows that the market is getting used to volatility and investors are starting to calm down. I believe that the market is waiting for signals to be able to grow strongly in the coming time. In the next few days the market may continue to fall slightly but recover quickly afterwards.

The Chinese have 2 weeks of holidays. I think that in early March, the growth of all tokens will begin. There are not many left)  wait ...

Your answer do make sense Tax returns on america even lots pf countries happening in March / April so there is lots of people taking profit at the moment . Even previous history in market shows the same . So its better to wait till april END. I am holding and grabbing as much as i can . After april I will look back or if market moves really bearish before that.

Sooner or later, China will lift the ban as now they have already established a special unit that is dedicated to cryptocurrency research for its central bank. J

Officially only one one week holiday, most of the people have already back to work today. Let's wait and see it the volume will pick up LOL

Yes, indeed the market is asleep .... the volume of trading fell at times. I think it's all because of the Chinese holidays. I hope for the beginning of March. Everything is normal

Movement in the direction of increase is very weak, so we need to wait another two weeks, then to fully understand that at last the altcoins have risen to their feet and we can really appreciate the profit from this or that coin.

I think that from the beginning of next month everything will normalize and growth will go. Now the Chinese have two weeks of holidays, because of this, and the volumes dropped

The market price of cryptocurrency now start inreasing again.
It's same wiith my prediction.
That chinese new year will affect the market price, but willn't significant.
And then, after 2-3 days will increase again.

I think Chinese New Year will not giving positive impact into crypto market, I don't see any relation in this situation. Market will move in March ( depend my technical strategy ) and I believe will happen even not in significant number. I prepare little fund to trade and invest on March and I hope will success like old time. Have a nice day to you.

It seems to me that the big traders do not care what holiday. Exchanges work 24 hours a day. A holiday is just an excuse to change the price in the right direction for big traders

I hope that the Chinese will revive the market a bit. Correction already tired everyone. We need to move on. Although no one knows what scenario for the market prepared us whales. We wait.

And what exactly do you mean? Because personally, I do not understand what kind of movements in the market are we talking about? On the eve of the Chinese New Year, a lot of people said that prices would go down, but it turned out quite the opposite, prices began to go up, but now the market began to fall

I guess there has been some developments in the market after the Chinese New year. Still, I am not that quite confident whether the price is going up for good, so I intend to wait more and monitor the changes in the market. Usually, there are big changes during the third quarter of the year. So, being patient is really needed.

I guess will continue to fall, because when the Chinese government began to work, so may be more bad news, I have scared the country China, so I have sold tokens, I think there will be a big drop.

Yes, you are right at the Chinese two weeks of holidays, most likely because of this and the volumes of trading fell, we are waiting for the next month, I hope everything will be normalized

With so much volatility in markets before and after the holiday, investors can be presented with opportunities that would not have otherwise emerged. As an old Chinese proverb goes, ‘in every crisis, there is opportunity’.so expert  say that after holidays crypto market is rise high and good movement in bitcoin

Every person has his own opinion, and I do not want to judge you, but you do not need to panic and believe all the news in a row and sell all the coins that you bought or earned. Think about it

Yes I think the end of the chinese new year may begin to have an impact on the market, hard to say if it will cause prices to rise. It feels fairly bearish right now so it is hard to see things really rising signicantly in this environment

before the Chinese New Year,
bitcoin increases in the market with high numbers and then decreases thereafter,
but the bitcoin will rise again with a higher number again,
so we keep the spirit
because after the rain and the storms are always there waiting for the beautiful rainbow

When we will see some stability with BTC thats when alt will start to make some move. Until then the market will remain a bit shaky for alts. On the other hand this would be the right time to get into some alts if one is looking for one for soon the price will shoot just like how it happened in the past.

I normally take this time to read about the alt market a bit more and then make my picks and invest. So utilize this slow phase to the best of your interest and gear up for some profits.

Chinese New Year might have some impacts on BTC price, I personally think the low price is because of the fuds attacking bitcoin in Feb 2018. Maybe it is true that the big players are controlling the prices and accumulating the coins now. Once the accumulation is over, we shall see the prices pump again.

China has two weeks of holidays . Soon they will end and the market will normalize . waite  March

Traditionally speaking, they tend to cash out before the holiday. Maybe the holiday do not have a direct impact on crypto market, but the trading volume do decrease compared with that before the holiday.

Yes, you are right! A lot of funs in Feb including trading regulation or ban; levy taxes or crypto trading earnings. What's more, the security breaches among some crypto exchanges also lead to a lot of panics.

After the completion of the new year in China, the market will take long time to become stable and it is also depend on Chinese government. Because if Chinese government implement any new law to the crypto trading then it is impossible to pickup the market soon.
Second the Chinese people is back to their work after spending a lots of money on new year. First they will take 2-3 months or even more time to earn money and after earning they will decide to start investing in crypto.
So it is difficult to say how long the market will take to rise.

Well all of us here hopes that markets goes up continuously but of course it's impossible and the effect Chinese new year is great i think for a while my portfolio turns green but of course it's not permanent so i hope that the market will be much better at the end of this month.

I am sure that the market will grow seriously. Usually Chinese investors have a very strong influence on the market

In what do you see the effect? As I expected earlier, the Chinese NY did not affect the market. Instead of the expected fall, the markets rised slightly.
What will happen is difficult to predict. A great game began.

I think correction will be continued more. And real growing market will start only on May-June.

Asia guys are starting new trend. Just wait for the full run in March. It will be hot.

I don't understand why people put great significance on this Chinese festival, I think this just happend when there are so many negativity in the space, alot of events have happend that I think impacted the price far more than one festival or the other

I also wrote here someday that I do not see any connection between Chinese New Year and the market of cryptocurrency movement. Suppose spring will melt not only snow in some areas but some alts’ stagnation.

Historically CNY was a time of market pullback, and this year many bad news coinicidentally came at around the same time.
Now we are exiting CNY period and good news start flowing with the SEC, Europe...

I think that the market will start to rise sharply from the beginning of April. Now you can already see the price stabilization, but there is not much growth.   

No one can answer this question. While the market is on the correction. After correction there should be growth. When this happens no one knows. One thing I can say with certainty: this will happen when no one will wait.