Chinese new year

[kamandanu]

China is big but I do not believe it or Chines New Year will influence crypto rate

[Happydd]

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

Lunar New Year, exciting topic! In Vietnam we are the traditional Tet. Everyone is well prepared to welcome a prosperous New Year filled with joy and happiness. It is possible that people will suspend bitcoin for several days. Personally, I still spend my time with bitcoin every day.

[erasheed28]

China is big but I do not believe it or Chines New Year will influence crypto rate

Agreed, even last year when christmas is almost there the prices of most coin got pumped up, i think there is no connection that much with these global events since there's a lot of people remaining that are still in crypto game, it's like excluding all chinese investors during that time there will still a million of traders and investors that are actively doing crypto trading.

[kesany]

That's ridiculous. Chinese new year won't affect the markets much this year , don't you not remember China has banned exchange of crypto currencies?
Markets are already down but at the moment they are in recovery phase. Boy did the markets not have a swing yesterday. People chicken out too soon.

china just banned over sea trading so a lot of people are probably gonna use exchanges based in Hongkong as the Chinese consider them
as a part of China so Binance or Kucoin could get a larger pump since all the chinese are probably gonna switch over
so its not completely banned

[Estrath]

Can't really say that CNY is the main impact power, but the most important point is every year at this period of time the cryptomarket badly goes down. You can just look at different years graphics and you will immediately notice that there is a consistent pattern.

[bitgolden]

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 think after the chinese new year bitcoin and other altcoins will going to moon.

Honestly my friend, I don’t have any more expectations from China in this matter. All I have been receiving from China was just a cause of defaming and devaluing bitcoin. I just hope what you said becomes true but do not want to fill my head with some hope or expectation from this country. Bitcoin does not need China anymore to gain value. It is going to gain value by itself in coming days.

[G00DFe77a]

They made it harder with the crack down in China to invest in bitcoins. I think there will be some recovery but not as large as an effect as in past years. Since many people will not be able to or find the time to get around the ban on bitcoin in China.

[Veseloff]

Why is everyone so worried about the Chinese New Year? It absolutely does not affect the cryptocurrency market at all, there are more fundamental events and things that move the market. 

[lolchina]

Yeah i do belive that it will have some efect but not so much,btw new chinese year is year of the dog so we can put that teory to the test if china start buying large amounts of doge coin Anyway almost all markets have correction in february

[LEINADbtc]

Probably not.
The down thing for lunar year is all over I guess. After the holiday ends, you can expect some rises.
I guess.

[publicjud]

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 think that there is no any correlation between Chinese New Year and the behavior of the market. I still can't understan why so many people think that the last fall was caused by Chinese NY. It's silly))

[Diced90]

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

From my analysis  the crypto market was affected when coming to the Chinese New year and after this comes to pass people should expect prices to rise as the chinese will be back on the market and demand and price will rise as they will be off their holidays.

[B.A.S.]

The big falls on the big holidays. Investors are investing in cash.

[Dissident991]

I think Chinese new year can't have effect on the market more than last fundamental events like SEC regulation, South Korea, Facebook and others. It seems like fairy tale for newbies.

[tricker01]

Chinese new year has nothing to do with market crash. Market crash because it has been goes up too high in december 2017 and now its time to goes down but we will see strong support on $8000 if we break that support we will goes to $6000 but it is still above last year so i dont care about crash to that price. I start buying when bitcoin price is $500.

I think you are wrong - chinese new year was one of the reason of recent dip, 100%. I read that people in east Asia spend every year around 100 billions USD for this lunar new year!! And some portion of this money was withdrawn from crypto - there is a dip in January every year and it is because of it!!

I think Chinese New year have no effect to the bitcoin together with the other crypto currencies. Because crypto currency in their are was banned together with the other opportunities. It's a big mistakes if we still believe that thru help of the Chinese new year bitcoin value will growing up.

[creeps]

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.

[Nick Abimanyu]

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

For the Chinese New Year this time, i don't believe the crypto market will go down again, they will move up even if only a few percent, except the NEO.
NEO will find a slight decrease this time, the NEO we usually call as china ethereum is actually being in a big pump, it's just (the situation, telling other) that the pump this time will collide with the mass sales of done by the citizens of china.

[zerberr]

In the meantime, pretty much everything is red again

[Kidmat]

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.

[faranisa]

I hope the new year china fleeting because the price of coins will soon be recovered back to the original price or even more can go up to a higher price.