SW_Lee (OP)
Newbie
 Offline
Activity: 56
Merit: 0
|
 |
February 16, 2018, 05:24:25 PM |
|
I think yes, but I have no idea about details why it is rising bcs of it.
Anyone can explain me?
|
|
|
|
|
|
|
|
|
|
|
|
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
randomhumster
Jr. Member
Offline
Activity: 97
Merit: 6
|
|
February 16, 2018, 05:26:54 PM |
|
Do not overestimate the influence of new year. There are many other resons that move the market now.
|
|
|
|
|
|
IlfarIldarovich
|
|
February 16, 2018, 05:39:05 PM |
|
The news has long worked , Now I think is turn of the market and the growth of the market , enter a good volume . Down who'll be going
|
|
|
|
|
|
styca
|
|
February 16, 2018, 05:54:47 PM |
|
It can, but this time around it has not had a huge effect. More often than not the reason for price movement is anticipation of an event rather than the event itself, and if everyone is expecting a certain effect at a certain time, then it is already priced in.
|
|
|
|
|
|
yinyangwinwang
|
|
February 16, 2018, 06:01:12 PM |
|
Well if you thought it effected it negatively leading up then you are likely in the camp that thinks it will react positively after or around Chinese New Year. I have no idea why this phenomena happens or why people think it does, it must have to do with how expensive parties are in China prior and then right after a boatload of cash shows up  . |
|
|
|
Denlv
Member
Offline
Activity: 350
Merit: 39
dApps Development Automation Platform
|
|
February 16, 2018, 06:01:52 PM |
|
Yes new year is affect the market u can see graph all year is happen the same big drop... the thing is to buy on this drop or no..i buy lot off alts in this time and im now good x2 on all alts..the best for me is hive project.and yes wait more for february end and then see what happens with market,but i think now market goin all the way up!
|
|
|
|
blackhart7
Member
Offline
Activity: 125
Merit: 10
|
|
February 16, 2018, 06:02:28 PM |
|
It may affect for chaina based coins .. NEO etc
|
|
|
|
|
|
IFK
|
|
February 16, 2018, 06:04:54 PM |
|
Chinese New Year does not affect the crypto market. I think that the crypto market fell not because of this holiday, but because the correction should have happened long ago.
|
|
|
|
|
Don Stefanello
Newbie
Offline
Activity: 182
Merit: 0
|
|
February 16, 2018, 06:05:51 PM |
|
You are looking at it the wrong way. Its not rising because of it, it declined before because of it! Thinking process would be january and february had a lot of dips, and the main reason is first all the world took out some profits in january because of the new year and having the money to spend on gifts, enjoy free time etc. And then came the chinese people after that doing the same thing but bigger influence because chinese people have lot more money in crypto and they moved the market a lot and now when the cashing out is over, the market started to stabilize and having new money flying in. Hope that cleared it out a bit
|
|
|
|
|
|
Grim149x
|
|
February 16, 2018, 06:14:48 PM |
|
I think yes as there might be whales who are news traders. They are people who make use of events to their advantage and people are very susceptible to these sorts.
|
|
|
|
Laodungchun
Member
Offline
Activity: 99
Merit: 10
|
|
February 16, 2018, 06:19:32 PM |
|
Maybe? Because after chinise new year we have seen that the price of bitcoins has risen really. So chinise new year might have been affecting what's happening in the market today. But maybe it will not fall again. to keep the 40,000 $ price and be happy all of us.
|
|
|
|
|
cryptobobo
Member
Offline
Activity: 210
Merit: 10
The P2P Marketplace For Digital Content
|
|
February 16, 2018, 06:21:07 PM |
|
It might be affecting the market,because most of the chinese whales are cashing out from the market because they needed some cash to be spent in their holidays,just like what happened on christmas and new year last year!Most of the people cashout resulted into a market crash,but after this chinese new year the market will surely grow.
|
|
|
|
Lerikaweb
Member
Offline
Activity: 392
Merit: 12
The Fourth Generation of Blockchain in DeFi
|
|
February 16, 2018, 06:24:38 PM |
|
It was expected that the Chinese will sell bitcoin to buy presents, and the price must have gone down. But as it turned out, the Chinese new year didn't have much impact on bitcoin 's price.
|
|
|
|
kennyy2929
Newbie
Offline
Activity: 84
Merit: 0
|
|
February 16, 2018, 06:40:55 PM |
|
i don't think Chinese New Year will affect too much on the market. But i do believe there will be dumping within a month soon before it start to rise high again.
|
|
|
|
|
AravinthP
Jr. Member
Offline
Activity: 154
Merit: 1
The Next Generation Distributed Smart Network
|
|
February 16, 2018, 06:41:57 PM |
|
I am not sure if it's because of Chinese New Year but markets have picked up
|
UCHAIN
The Next Generation Distributed Smart Network: Blockchain for the Sharing Economy
https://uchain.world/ |
|
|
SW_Lee (OP)
Newbie
Offline
Activity: 56
Merit: 0
|
|
February 16, 2018, 06:53:23 PM |
|
Do not overestimate the influence of new year. There are many other resons that move the market now.
Pls tell me other reasons  |
|
|
|
|
ronyfastlife
Newbie
Offline
Activity: 78
Merit: 0
|
|
February 16, 2018, 06:58:30 PM |
|
every year happened same, So, I believe that has happened again this year. But good news is, Crypto is shining now |
|
|
|
|
boyjackyou
Member
Offline
Activity: 301
Merit: 11
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
|
|
February 16, 2018, 06:59:22 PM |
|
I think yes, but I have no idea about details why it is rising bcs of it.
Anyone can explain me?
Somehow it can affect the market,because if most of these big chinese players cashout their money simultaneously it will result to a market dump.Most of these people will surely cashing out their money because need some cash to be spent in their holidays if you asked me it is like what happened from the previous christmas and new year. |
|
|
|
Hipag
Newbie
Offline
Activity: 106
Merit: 0
|
|
February 16, 2018, 07:11:16 PM |
|
Yes , market always affect when the holidays come because almost all of us needs money. Hoping after Chinese new year that all back in normal.
|
|
|
|
|
|
andrey111
|
|
February 16, 2018, 07:15:09 PM |
|
Chinese New Year does not affect the crypto market. I think that the crypto market fell not because of this holiday, but because the correction should have happened long ago.
Double opinion. One part of me agrees, the other part does not agree. Most likely, both factors worked. And the new year in China has made its own contribution, and the correction is the same. |
|
|
|
|
|
