Chinese New Year?

[AleksandrKosov]

Let's think logically. Chinese New Year does not herald a fall in prices. The Chinese New Year is the reason for the fall in trading volumes and only. And the growth / fall in prices from this can not depend.

[korchenkov]

Yeah, 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.

[alt18coins]

Due to Chinese new year the price of coin falls down and it is high time to buy at low price because after that it will give you high profit.

[Shaminyue]

I bought some also but they haven't increased until now still keeping hope with my choices.

[brokkoly]

That's interesting and I am not aware with this news. It actually got a point, most of the Chinese crypto investors will definitely get their funds to celebrate Chinese new year, just like what happen this Christmas and New year (even not Chinese). This will be a good  entry point to grab those tokens and coins at its lowest price. We have to keep an eye with the market closely.

I just honestly don’t see investors being like let me cash out my investments to fund New Years festivities. It seems like a ridiculous idea to me. People are in crypto for money and adoption of the tech and I don’t see a holiday regardless of the magnitude getting in the way of that.

[pergola]

That's interesting and I am not aware with this news. It actually got a point, most of the Chinese crypto investors will definitely get their funds to celebrate Chinese new year, just like what happen this Christmas and New year (even not Chinese). This will be a good  entry point to grab those tokens and coins at its lowest price. We have to keep an eye with the market closely.

I just honestly don’t see investors being like let me cash out my investments to fund New Years festivities. It seems like a ridiculous idea to me. People are in crypto for money and adoption of the tech and I don’t see a holiday regardless of the magnitude getting in the way of that.

I agree, it's like some kind of fiction or justification for reducing the price of coins. The reasons for the decrease or increase in the price of crypto currency are more complicated, you can not write off everything only for holidays. 

[mariayaz]

Only new investors can cashout money for festivals etc, its not possible for wise investor who has invested in a long term, cashing out money for shopping. Most of investors are investing in crypto for long term which means its spare money for them and not from every day use.

[ternyabin]

Only new investors can cashout money for festivals etc, its not possible for wise investor who has invested in a long term, cashing out money for shopping. Most of investors are investing in crypto for long term which means its spare money for them and not from every day use.

Yes, probably you are right. A professional investor will not withdraw money before the holidays in order to buy gifts. But it seems to me that the share of professional investors in the market is not so great, therefore, not professional investors can significantly influence the price by their actions. 

[ptolimeus]

Only new investors can cashout money for festivals etc, its not possible for wise investor who has invested in a long term, cashing out money for shopping. Most of investors are investing in crypto for long term which means its spare money for them and not from every day use.

Yes, probably you are right. A professional investor will not withdraw money before the holidays in order to buy gifts. But it seems to me that the share of professional investors in the market is not so great, therefore, not professional investors can significantly influence the price by their actions. 

There is no accurate data on how much of the total number of investors occupy professionals, this is facilitated by the fact that crypto currencies are anonymous. But in any case, the proportion of non-professionals is large enough to influence the price of crypto currencies, so the price of coins before the holidays is often reduced.

[moonriver]

Chinese New Year can only have positive effect to cryptocurrency.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.

[vdhsas]

Let me tell you that time has proven everything. Now that the Chinese New Year is over, the price of bitcoin has slowly risen.

[The Cryptologist]

Chinese New Year can only have positive effect to cryptocurrency.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.

That's very far-fetched. I've seen Chinese New Year many times and they strictly follow their traditions and most of the time, they pray to their dead loved ones and ancestors so crypto has no room for that occassion.

[AlexAtom]

Now chinese new year has already ended about half month ago.
looks like not much effect on bitcoin or other cryptocurrencies after that.

[moonriver]

Chinese New Year can only have positive effect to cryptocurrency.
One primary reason is that Chinese people gather together during Spring Festival.
More people will get to know crypto because of this.

That's very far-fetched. I've seen Chinese New Year many times and they strictly follow their traditions and most of the time, they pray to their dead loved ones and ancestors so crypto has no room for that occassion.

Not at all.
Chinese New Year give Chinese an opportunity to gather together from all around the country.
Some rural residents will get information from their urban friends.

[sunX3]

Now chinese new year has already ended about half month ago.
looks like not much effect on bitcoin or other cryptocurrencies after that.

Yeah pretty much nothing came out, i don't think a lot of people were expecting that but it's interesting to see the reaction of people.

[boss82_big]

Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.

[VenturaBro]

Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.

Yeah it pretty much had no effect and will not as well any time from now.

[DrToken]

Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.

You are right, but the unknown frightens us. I am afraid of prices dumps because of chinese investors...

[tulpash]

Well, as we see this event has already passed and some gateway as everyone had been waiting and did not happen, the market is further fluctuating and nobody knows what to expect further.

You are right, but the unknown frightens us. I am afraid of prices dumps because of chinese investors...

You overestimate the influence of Chinese investors. Of course, there are many people in China, but not so many investors. I believe that South Korea and Japan have a greater impact on the crypto currency market. 

[Yalovtsev]

Yes, there was much talk about the fact that before NG Chinese prices are so-so,and in the correction area,and only after NG Chinese,should begin rising gradually or vzryvnoi until smotrem,and we hope for an explosive,as 3 months of correction and drawdown it's tough