What is it with the Chinese New Year and Bitcoin's recovery? Why do some spammers, I mean, people believe the Chinese will suddenly pour all their money in Bitcoin on that day?
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
Spammers? lol even a Legendary member agrees with me... "Historically January has been a month of declining prices only to recover and grow again after Chinese New Year. I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US."
History repeats itself doesn't it? At the very least in the Chinese crypto economy the traders that took off will be back in the game, so on a micro level, it will go up if not greater on the Macro based on history.
Love not Hate will uplift and fulfill the prophecy of Nakamoto my friend.
Right, history repeat itself and even though people have been skeptical about the Chinese or basically those who the lunar holiday affects, to have major effect on the prices of bitcoin, one way or the other the highest pump has always come from there which was the reason coinmarketcap had to remove the exchanges from their platform anyway. I am not sure if after the new year, new funds will start popping in from here, but whatever is good for volume now is good for me.
Hopefully, we will get to see many massive boosting to happen this year. History always has a way of repeating itself, and if that ends up happening, then that would affirm another level of history repeating, and removing some people's doubt. I am optimistic that we will start seeing some volume kicking in now even with the situation of the market, so from here onward, we get to see where it leads.