Chinese New Year?

[Asmonist]

I'm also expecting that and its a great opportunity to buy at a very low price. I think this quarter is the time of buying. Its quite sad but we need to hold until the best price to sell.

[worldooftanks]

The Chinese did a good job as soon as their new year,the whole crypt is falling off a cliff,no wonder they say that in February the market is better not to look nerves are the goals.

[axiline]

To be honest, my nerves are at their limit. I very much hope that all this disgrace that occurs in the market will soon end.

[Landakhitam]

What are your thoughts on the whole Chinese New Year speculation?

A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.

it seems this is indeed because chinese new year,
people are preparing money for it all,
and the average people in china invest in bitcoin very much

[KTPU777]

Yes. I think just at the Chinese New Year we will be able to see the lowest price of bitcoin. Then the market should turn around and the price increase will begin. How will actually see.

[Xairmair]

From February personally I waiting low prices not only for BTC, but also alts like Ethereum, because of a lot of forks

[Svelto]

I think Chinese New Year is a big thing to the Chinese. So I am expecting there might be another dip before Chinese New Year. But to be safe, I have stocked up some coins now and will buy more before Chinese New Year if the price is good.

[Lerikaweb]

This is one of the situations for which I can say that quantity is power:)  the Chinese control so many different aspect in people's lives all over the world only by the number of citizens. I don't think that btc will cost a penny,  but it might fall reasonably.

[Hexah]

Well, probably this could be the reason of the bitcoin dip and I am hoping that is the relevant of that. I would probably gonna hold and wait more of what's coming but I am optimistic that after the Chinese New Year a bitcoin being bullish is what I am gonna see on the market. Chinese are one of the big crypto market player so if there's dip and uprising of value of bitcoin they could be the one factor.

[Inkdatar]

I think Chinese New Year is a big thing to the Chinese. So I am expecting there might be another dip before Chinese New Year. But to be safe, I have stocked up some coins now and will buy more before Chinese New Year if the price is good.

This is most expectations during Chinese New Year that price might suffer another dips. Most sell before that event and maybe after we can see a good news by that time. Many speculations happen and maybe too I could buy at this time to save and hold some btc. Because we might see a good price of btc to increase.

[chocopapaya]

I think I can give some insight into Chinese New Year.

I've lived there in the past for quite some time and I spent the last couple days talking about crypto with some Chinese friends who are heavily involved in the crypto network there. (there is a vast community of miners, intermediaries, and investors who created a community through wechat).

What they told me surprised me.
Actually, the Chinese market is basically frozen.
They don't plan to buy or sell.  In fact, they are mostly just setting it aside for two weeks as they go back to their home towns and spend time with their families.

When I told them that a lot of people in the western world are afraid Chinese will cause the market to continue to crash as they sell things off to have cash for Chinese New Year, they just laughed and said, "Who is stupid enough to sell at a 60% loss?"

What we gathered, is that speculative fud caused by non chinese about chinese is what people should be afraid of.

Of course, it's only a handful of people I talked to, but they assured me that the vast sentiment of the crypto community is to do nothing the next three weeks.

[cryptomorphines]

What are your thoughts on the whole Chinese New Year speculation?

A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.

Might be the reason why the market crashes and the marketcap is still declining because we all know chinese has most of the bitcoin,which makes them dominant in the market,a lot of FUDs are spreading which can be a big factor to the community's mindset.

[mmo_online_1981]

What are your thoughts on the whole Chinese New Year speculation?

A lot of people think there's gonna be another crash during that time. Did you buy during this initial crash or are you waiting for mid Februar.? I'm leaning towards the latter.

I think there will be a lot of altcoin and tokens going down in Chinese New Year because there are a lot of investors from China. New Year is a shopping occasion!

[neuraminidase7]

it looks like chinese new year never ends. i wonder how long it lasts?

[cherryscarlett]

Although I don't think it's because of the Chinese New Year fall.
But lately the entire cryptocurrency market has turned red, and I think it might be related to a meeting with the us tomorrow to regulate the cryptocurrency market.

[uobaaagrf]

Chinese Lunar New Year is just a very large cover. As you can see, many people in Europe are also selling coins held in their hands. This is no accident. There is no excuse for you! I think this is just a normal market behavior, or the trick of the financial giant!

[AiwaDima]

I have heard that after the new year in China, the whole situation will change dramatically and the coins will start to grow again, I do not really understand what it is all about, but hope that it will be.

[frost_wind]

As always on Chinese New Year market will be dumped , because a lot of people will cashout to buy presents to their friends and familys . This happening every year , so there is nothing to worry about .

[anti-scam]

This is not just the issue, the central bank in China is banning Bitcoin.
this has been repeated many times, and made the price fall deeply.
coupled with the issue in India, is very complete and confusing

[hashshashin]

Indeed, the market is experiencing a big downturn and this can be considered a good time to buy. I also prefer to wait for the market to recover and the price of my coins will rise, so that you can make a profit. Most likely, we'll have to wait until the end of the month.