Bitcoin Forum
July 17, 2018, 10:48:35 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How will Chinese New Year affect BTC price?  (Read 877 times)
google98
Full Member
***
Offline Offline

Activity: 388
Merit: 100


View Profile
January 26, 2014, 12:11:38 PM
 #1

Hey,

question's there: What do you think, how will the BTC price be affected by Chinese New Year and the restrictions of the Chinese government?

Best,
google98 Smiley

1531824515
Hero Member
*
Offline Offline

Posts: 1531824515

View Profile Personal Message (Offline)

Ignore
1531824515
Reply with quote  #2

1531824515
Report to moderator
1531824515
Hero Member
*
Offline Offline

Posts: 1531824515

View Profile Personal Message (Offline)

Ignore
1531824515
Reply with quote  #2

1531824515
Report to moderator
1531824515
Hero Member
*
Offline Offline

Posts: 1531824515

View Profile Personal Message (Offline)

Ignore
1531824515
Reply with quote  #2

1531824515
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531824515
Hero Member
*
Offline Offline

Posts: 1531824515

View Profile Personal Message (Offline)

Ignore
1531824515
Reply with quote  #2

1531824515
Report to moderator
Griegura
Full Member
***
Offline Offline

Activity: 298
Merit: 100



View Profile
January 26, 2014, 07:33:08 PM
 #2

I am expecting the price to go down, at least to 765$ or so. A couple of weeks ago I thought I would be able to buy btc at 400$, now that seems to optimisticc, anyways I am still waiting.

   Contract Vault     Next Generation Agreements for Everyone on The Ethereum Blockchain
❱❱❱  JOIN TOKEN SALE  ❱❱❱  MAY 1st   [[ LIGHTPAPER ]]
▄▀ ██ ▀ ██ ██████    FACEBOOK       TWITTER       LINKEDIN       MEDIUM       TELEGRAM    ██████ ██ ▀ ██ ▀▄
5thStreetResearch
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile WWW
January 26, 2014, 11:20:19 PM
 #3

the Chinese are gonna be drunk for a week straight and bid bitcoin to the moon

BJtomcat
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
January 28, 2014, 02:09:33 AM
 #4

The mass exodus has already begun, as millions go back to their homes for the celebration.   These next couple of days will be quiet, as people complete their journeys.   The first day or two of the actual holiday will also be quiet, since most families will have huge banquets and festivities and lots of fireworks at night.

I would say after day 3 of the holiday, those that have an interest in BTC will be breaking out their computers or iPads and logging in, or more likely, showing the rest of the family how it works.

The holiday last 7 days, but often people need an additional day or two to complete their return journeys.   Normal market activity in China should resume by about the 9th day of the new lunar year.

BTW, I am not Chinese, but I have lived in Beijing almost 9 years (it's what the BJ in my name stands for) and I am married to a Chinese girl.   So I am not an authority, but I do have some experience.
cz_miner
Jr. Member
*
Offline Offline

Activity: 45
Merit: 0


View Profile
January 28, 2014, 02:54:12 PM
 #5

Price may fall if restrictions come to an effect. Perhaps slowly as Chinese people celebrate new year therefore don't have time to pay attention to bitcoin during feast. But after all they will eventually want to get rid of coins and get back to fiat. This is where we may see dramatic fall.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!