Here comes the CHINESE NEW YEAR!

[TEMONG]

Maybe after the Chinese new year, everyone can already speculate about the development of bitcoin, because china greatly affects the growth of bitcoin

[Ranly123]

So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?

Edited

I think it's not that much when it comes to buying or selling cryptocurrency. Trading during chinese new year is still not new to traders and investors and in this time many chinese would sell their stock and some whales buy in low price. This way trading is alive and would probably pump up bitcoin and other cryptocurrency again. Hopefully this would start the rally of cryptocurrency on top like it was before.

[Borisov]

So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?

Edited

I think it's not that much when it comes to buying or selling cryptocurrency. Trading during chinese new year is still not new to traders and investors and in this time many chinese would sell their stock and some whales buy in low price. This way trading is alive and would probably pump up bitcoin and other cryptocurrency again. Hopefully this would start the rally of cryptocurrency on top like it was before.

Now on my view we turned around, and let us continue to on the sly grow. down already strongly we will not go down ! and after the Chinese new year, as everyone expects it, we are waiting for a serious infusion of large investors! and accordingly, the price of bitcoin will go up!!

[Rooster101]

So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?

Edited

There is no significant effect of chinese new year to bitcoin price this year like a massive correction and instead it still climbing slowly with some minor corrections. The recovery is still slow because some there are still no positive factors to push the bitcoin price into another continuous surge. the bitcoin has already suffered setbacks from supposed to be China ban on cryptocurrencies and exchanges.

[budi691]

a month before the price of bitcoin imlek is not good, but approaching the Lunar New Year and afterwards, bitcoin price passion back good and strongly supported by many parties.

and the point is better than last month 

[Maryverycool]

So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?

Edited

Try to prove that most people's guesses are wrong, and that the price of bitcoin has not fallen as Chinese celebrate the New Year. The price of bitcoin rose during the Chinese New Year.

[Sab11]

Before chinese new year bitcoin price.is not good because many chinese investors sell thier some bitcoins for this holiday, and now bitcoin price got fully recovered, middle february is better than last month.

[blockchainwriters]

chinese new year we can expect market to be slow as of now and after the effort of chinese new year we can expect come back of market due to large number of chinese investors from asia will enjoy their holidays

[charlotte04]

So, what would be the effect of Chinese New Year in the market on Feb 16? Any thoughts? Is it a big deal?

Edited

As we see, all prices of different coins and even Bitcoin went up just before Chinese new year happened. But I hope that this will be a good start.

[fulmetal08larz]

During the Chinese Lunar New Year, it is considered lucky for the Chinese people to make an investment. During Feb 16 trading, there were large volumes of BTC purchases on a per minute chart making the price on the market turn and have an uptrend. Assuming that those institutional, professional traders and long term investors buying at this level, the hype will follow and the public will see the growth on BTC causing the price to have a bull run in the next few months.

[Carlsen]

I just wanted to take this chance and wish a happy new year of the dog to all my Chinese friends out there!

And I do not think that the new year will have a big impact on bitcoin.
I do not know if many Chinese people cashed out during the last weeks to get presents for their family.
But in case it happened, that money would be invested in presents now and is not going to reenter the market.
So if there was an effect to bitcoin from the Chinese new year, it has already happened the weeks before.