bitterguy28
Full Member
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Activity: 2016
Merit: 175
★Bitvest.io★ Play Plinko or Invest!
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February 11, 2018, 11:25:07 PM |
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With the Chinese New year coming, who believes that the crypto market with go down again? Speculating on whether to hold out to purchase more of some altcoins such as VIB, XVG, and looking at other possibilities
I'm not believe crypto are effected in this coming Chinese new year, because the Chinese community are not legit to spend cryptocurrency in their country and crypto as i know if i'm not wrong are still ban in china so what the effect for cryptocurrency about Chinese new year. |
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najmul33
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February 13, 2018, 09:07:16 AM |
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I think price drop in all Cryptocurrency because of Chinese new year. chines have Big Community, and I'm sure they well make affect crypto price in their new year event.
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moynul2050
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February 13, 2018, 11:44:12 AM |
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With the Chinese New year coming, who believes that the crypto market with go down again? Speculating on whether to hold out to purchase more of some altcoins such as VIB, XVG, and looking at other possibilities
I'm not believe crypto are effected in this coming Chinese new year, because the Chinese community are not legit to spend cryptocurrency in their country and crypto as i know if i'm not wrong are still ban in china so what the effect for cryptocurrency about Chinese new year. They still hold the bitcoin by trading abroad using an external exchanger. Like Japan and Singapore, they even use VPNs to access such exchanges. maybe this will have an effect. |
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sakokinak
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February 13, 2018, 02:05:10 PM |
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With the Chinese New year coming, who believes that the crypto market with go down again? Speculating on whether to hold out to purchase more of some altcoins such as VIB, XVG, and looking at other possibilities
The New Year will be only among the Chinese, and all the rest will work. I do not think that this will negatively affect the market. |
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preshpr1nce
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Activity: 266
Merit: 60
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February 13, 2018, 02:20:41 PM |
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Would be seeing the impact already if it were to cause a downfall, they would cash out leading up, not on the day then wait for bank transfers to clear etc.
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Ayamj
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February 13, 2018, 02:32:05 PM |
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i think is just correction following the fact that most coins pumped around january
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EastSound
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February 13, 2018, 02:46:18 PM |
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With the Chinese New year coming, who believes that the crypto market with go down again? Speculating on whether to hold out to purchase more of some altcoins such as VIB, XVG, and looking at other possibilities
it is always like this during chinese new year that the crypto market is going down but it always comes back in the next months that is coming. |
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zmkriel
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February 13, 2018, 02:48:44 PM |
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This is irrelevant. China already banned cryptocurrencies, so how does chinese year still affect the price of cryptos? The recovery stage of the china issues was done alread, so i think it will drop again just because there is a chinese celebration.
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andrino
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February 13, 2018, 03:06:20 PM |
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China is big but I do not believe it or Chines New Year will influence crypto rate
It can affect the market since most of Chinese people owns cryptocurrency, but as we all know this market will move no matter what happen in the long run. But i think the recently dump is more on the correction pattern which is good so we can bought at a lower price, eventually the price will go up. I am eager to see what's the market effect of the Chinese New Year. We should watch the price by that time if it will affect the cryptocurrency price. Thus, whatever happens let's catch to buy at a lowest price for us to earned profit. It looks like Chinese New Year give everybody much excitement on what will happen on that day to crypto market on or before that day. By the way I think crypto market have a relation to Chinese New Year if almost bitcoiners wait on what will be on that day. So far as of now it will happen sooner it is approaching the day. Almost at hand. I do not have yet any idea if what will happen to crypto market if the prices will increase or it will even decreases more than today. Hopefully what ever will happen it will be good to everybody I wish. |
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sallydavisy
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February 13, 2018, 03:27:22 PM |
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Maybe we should expect a slight market recovery, because many participants will back in the market after Chines New Year.
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jonald01
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February 13, 2018, 03:31:56 PM |
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The total marketcap of crypto usually dump before the chinese new year. In 2018 the chinese new year is going to be around the 16th of february, I expect a recovery after it and maybe we will reach an ATH. But I am still afraid that people will freak out during the G20 summit, I heard France and Germany are planning to regulate bitcoin and all the altcoins. Maybe they will create more laws to tax all our crypto currency gains ?
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needctrl
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February 13, 2018, 04:08:10 PM |
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I think this "Chinese New Year" have little to no actual impact.
Except for perceptions of people. After the new year, markets will go up, if for no othe reason, because people assume it will rise
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captain8
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Merit: 10
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February 13, 2018, 04:34:11 PM |
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I think this "Chinese New Year" have little to no actual impact.
Except for perceptions of people. After the new year, markets will go up, if for no othe reason, because people assume it will rise
Agreed, also agree with our points that people would have cashed out approx 20 days before the chinese new year! Impossible to discover what really happens, for example this time next year it could be a bull market you just do not know! |
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