Will Valentine's Day affect BTC?

[kokobaba880]

I have think over this event that valentine day will affect bitcoin in a sense that their may be some people who will withdraw their money and they have to use their months wealth in a single day and those who are young they will even sends gifts to their bitcoin users friends in the form of the bitcoin or the Ethereum or may other altcoin for this year the bitcoin value is down but after the mid of the year many businesses will be ready to accept bitcoin so holding of bitcoin will provide monetary benefit.

[1715544438]

1715544438

[gabmen]

There is no spending spree for this kind of holiday unlike major holidays like christmas and new years where many bitcoin holders spend a lot of money. But if all lovers possess a large amount of bitcoins then spend them all in valentine's day, then it will surely affect the price of the bitcoin. After valentines, it will be followed by chinese new year and a possible price downtrend might happen.

I don't think that people need to change Bitcoin to fiat to buy some flowers. So it will not affect the price.

No need to spend too much money to buy flowers, only a small number of people do this. I agree with you the price will not affect much because everyone has cash available without selling bitcoin.

Yeah there probably won't be much effect. Even the chinese newyear won't likely have the same effect as is did to the market a year ago since the chinese market got heavy beatdown from their government.

[bug.lady]

There is no spending spree for this kind of holiday unlike major holidays like christmas and new years where many bitcoin holders spend a lot of money. But if all lovers possess a large amount of bitcoins then spend them all in valentine's day, then it will surely affect the price of the bitcoin. After valentines, it will be followed by chinese new year and a possible price downtrend might happen.

I don't think that people need to change Bitcoin to fiat to buy some flowers. So it will not affect the price.

No need to spend too much money to buy flowers, only a small number of people do this. I agree with you the price will not affect much because everyone has cash available without selling bitcoin.

Yeah there probably won't be much effect. Even the chinese newyear won't likely have the same effect as is did to the market a year ago since the chinese market got heavy beatdown from their government.

On the other hand, with a price for transaction fee being as low as it currently is, there is no better time than NOW to pay with bitcoin. When the chinese new year arrives there may be quite a different transaction fee level already.

So guys: buy your girlfriends rings and necklaces and flowers with bitcoin

[ufalo3]

There is no spending spree for this kind of holiday unlike major holidays like christmas and new years where many bitcoin holders spend a lot of money. But if all lovers possess a large amount of bitcoins then spend them all in valentine's day, then it will surely affect the price of the bitcoin. After valentines, it will be followed by chinese new year and a possible price downtrend might happen.

I don't think that people need to change Bitcoin to fiat to buy some flowers. So it will not affect the price.

LOL. I have just imagined this picture: the man is going to Bitcoin ATM machine to buy later flowers. However, I can realy admit that somebody will do it. Why not?

[RodeoX]

Here is a way to spend your BTC on your lovie.

https://www.1800flowers.com/

[finzyoj]

I have think over this event that valentine day will affect bitcoin in a sense that their may be some people who will withdraw their money and they have to use their months wealth in a single day and those who are young they will even sends gifts to their bitcoin users friends in the form of the bitcoin or the Ethereum or may other altcoin for this year the bitcoin value is down but after the mid of the year many businesses will be ready to accept bitcoin so holding of bitcoin will provide monetary benefit.

Well, we can really expect that the Valentine's day would have an effect on the price but I highly doubt that it would be that high. This day, people will need money to celebrate the day with their loved ones but the number won't be that big because most people are being smart nowadays when it comes to spending money. Special days like Valentines make people withdraw money from their accounts but of course, the effect will just be for days and then the bitcoin price will be back to normal.

[bitserve]

Well, no need to speculate anymore. Here is the effect of Valentine's Day in action.

[GamblingPurveyor]

Lol that’s a fairly damn sensible purpose unless you recognize that your thus into crypto and shit no purpose touching btc