Chinese new year

[huffer2100]

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

[1714683871]

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[1714683871]

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[surfinonmyownwavebaby]

It could certainly impact the markets, but don't look to one single indicator as the reason for why things are happening. Often times in crypto there are a myriad of events that are concurrently happening which give rise to how the markets play out, a singular event does not decide the market.

[aceptamosbitcoin]

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

What is so special of the Chinese New Year to bring the market down? I read last week that they are preparing attack against ETH to pump NEO. But for me CNY or every other day, it's the same.

[huffer2100]

I just remember reading some speculation news that might be a big cash out for the new year but I posted wondering if there would be any truth to a possible dip :/ hopefully not but as you pointed out, many events can impact the market and it's very volatile at times so nothing can really be predicted for sure

[Sephire]

I doubt there is going to be any big cash out after such a big correction. Anybody needing to cash out
would have done already last month so there is nothing major to expect from Chinese new year holiday event.

[pitiflin]

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.

[sedou]

I think it's already priced in to be honest. Might dip a little but not much.

[engin978]

for sure it will,even chinese government banned cryptoexchanges,people do it with their Hongkong adresses...
Major cryptocurrency holders are asians...As Christmas  chinese new year is same...
People cash out,this is the reason why all candles are red...
I think after 20-25 of february candles will turn to green....

[Rodimill8]

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 such a drop in the Cryptocurrency because of Chinese new year, but also of the global fall the world index of the stock market. Think i this few weeks we can see the market direction.  Now u can buy many good coins for long investment or fast short trading. Ita can be Ltc, ada, xrp. Holding XVG too - its good coin with x3-x5 potential

[Leooo]

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

Yes, I think it can affect LTC, XRP and NEO more.

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[etherflip]

Gambling in China usually picks up during Chinese New Year - there has always seemed to be some cross-over into crypto at the same time.

[Bonsaiav]

The big days, will usually give an impact decrease on the price of crypto, as it once did on Christmas Day 2017. People, will have very high financial needs in those days. Almost all crypto in the market found a decline, although not as bad as yesterday and today.

[mittooss]

Already the markets are all down, I don't think it is going to be much further any more. It will start recovering soon after CNY I guess.

[nc50lc]

Chinese New Year, Christmas, Halloween, whatever it is, it doesn't affect the cryptocurrency market.
The most possible scenario here is this: Whales and Pump &  Dump Groups always start P&Ds at Hollidays to cover it as a natural sell-off.

However, the total Marketcap drop happened was just a continuation of the bubble burst from December.
It just "swooped down" faster after the latest news.

[preshpr1nce]

I doubt there is going to be any big cash out after such a big correction. Anybody needing to cash out
would have done already last month so there is nothing major to expect from Chinese new year holiday event.

This ^^
Doesn't seem logical to cash out now.

[Arata]

Many say the Chinese new year after the coin prices will soar, whether this is true or just the presence of so many issues just that fall nobody knows. but the current price at the low point of the coin all and a great time to buy.

[Wilsonong222]

It is not always the case, sometimes the market react different from what others think. Just like what happen last Friday February 2. When almost I read in the forum that they will cut their losses, the market suddenly when up last Saturday. The human behavior on investing is very complicated the obvious move becomes hard to predict. I will predict that during Chinese New Year the altcoins will go Up.

[sexycoin69]

Chinese like to hold on to their investments not cash out for small luxuries. However the bigger players are another story.

[raivault]

I think Chinese people are very thrifty and they are not gonna cash out that much IMO.