Chinese New Year 2018: Will this effect the markets?

[Bytem3]

I think we are already on a bull run. Everything has been going up for the past week and there where quite a few good news already.

[kryptqnick]

Since the markets are strong in Asia, will the New Years affect things?

when is chinese new year, tomorrow right? if influential, maybe from today or before the market has reacted, but what happened? the market is getting stronger and the average alt has gone up, so I conclude that chinese new year has no effect on the market.

I think it would be wise to see what was happening with the market during the previous Chinese New Years to conclude that no effect is made. Last year the price of btc went up a bit, just like it was going up before and after it. In 2016 the price stayed the same. In 2015 it went down a bit. I would say that no real difference is made by this event, so there absolutely nothing to be waiting for today. Just the usual day with the price a bit up or a bit down. And by the way, Chinese market is quite strong as for a national market, but it's not capable of really making a difference just like any other national market.

[pavelkor]

I believe that definitely the Chinese New Year will affect the market. And as most believe that there will be a firing in this period

any holiday or a new year it is a short period, i wanna know and work for the long term, and i hope it will more grow, so i have a patience to wait.

[mseng2007]

Yes, it will have a positive impact to the market.

[oscarrsm]

It is difficult to give an unambiguous answer. On the one hand holidays for people it is always a lot of free time for recreation and trade. On the other hand, this is the need for real money for travel and shopping. So let's see who will be more selling or buying. Depending on this, such a market will be - growing or falling.

[dewi91]

I not sure if chinese new year effect the market because a few days before Chinese new year the market slowly began to improve. the price goes down because some countries ban crypto currency and a lot of people are afraid to invest and prefer to sell their coin, I think that's why the market are goes down.

[sourish]

It is difficult to say, though going by past graph, The Chinese New Year which begins On 16th Feb, could have a major effect on crypto markets. Chinese and South Korean investors exchange their crypto holdings for fiat currency for the holiday to help fund Their new year spending. Every year since 2015, bitcoin has reduced value in Jan and gained in Feb.

[A7fold]

Someone tries to pump DOGE using telegram chats)
Their idea is connected with Chinese NY)
Be careful, don't buy on pump, because you'll had to sell it on dump)

[IlfarIldarovich]

Yes, the fall has already passed, and now the market reversal . And like the news about the Chinese new year has exhausted itself . So I hope for the dawn of the market

[Dimedroll]

 Every year since 2015, bitcoin has reduced value in Jan and gained in Feb.
And today we see that bitcoin grow up again 10k+
 

[FLoving]

Since the markets are strong in Asia, will the New Years affect things?

Look at the previous years and you will find the answer. At every Chinese new year the price increased much higher and in this year we will also see the same result. You can see the result from today these are the affects of the Chinese new year which will be more prominent in the the next month. So the answer is that yes it will affect the price positively.

[Minecache]

I refuse to believe that Chinese New Year affects the market somehow. Of cource China is the huge part of the community, but it shouldn't influence the market so much. Don't pay much attention to FUD about it)

[xindoa]

one can only hope if it effects the market it will be in a positive way. and gets al the chinese in crypto

[Fahim]

The population of Asian countries is undoubtedly very large. However, the impact on the market recently decreased significantly. Today we are seeing the best prices for currencies during the last month. However, I do not think it's for long. But to see positive trends in the market is always pleasant.

[Profuter]

Since the markets are strong in Asia, will the New Years affect things?

what to guess, in two days we will see what will happen to the market and it will be clear whether Chinese new Year affects the market or not)

[cryptosifu]

I refuse to believe that Chinese New Year affects the market somehow. Of cource China is the huge part of the community, but it shouldn't influence the market so much. Don't pay much attention to FUD about it)

Chinese New Year aka Lunar New Year is not only celebrated by China.  There are many countries that celebrate Chinese New Year such as Vietnam, Singapore, Malaysia, Korea and many others.  I think it will affect the markets positively since people don't like to sell things on Chinese New Year but like to buy "Gold".  Cryptocurrencies are digital gold.  

[ovcijisir]

I belive that these holidays will have influence on cryptocurrency price, price graph of last year shows a little dip in february. This will probably happen this year too.

[Emilyearl]

Since the markets are strong in Asia, will the New Years affect things?

The new year is going to affect things as those in Asian countries celeberating the new year will have to close in on most of their positions so as to enable them have Fiat to buy stuffs they will be needing for the ceremony. It's just like during thanksgiving as people will be selling their tokens for Fiat.

[Megashaw]

The chinese new year already had an effect on the market like few days back hence the dumping in prices..... So right now the market is  just bouncing back and recovering

[mashino12]

I think that the market is in a stage of waiting . After Chinese new year , the market will go up