Chinese New Year 2019

[Dreamchaser21]

The Chinese new year is coming soon and according to last year's experience that it does not affect the bear market in a big way. Crypto holders in China are big but all of them are only on coins from China, we will see whether the market will experience good or bad effects.

There’s no sign of bigger pump in Chinese new year but hopefully it can be the start of the rise again. From my previous experience, it looks like there’s no significant movement during this season, well maybe it changes now since we are in a bear market. Let’s just all be part of this celebration.

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[Irvinn]

So historically bitcoin price tanks around Chinese New Year, starting around 23 days before the event. (https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese)

Chinese New Year 2019 is February 5th, which means we are in the middle of the 23-day-period approaching the big bang. What do you think? Do you believe in the Chinese-New-Year-Theory? Think we have bottomed yet price-wise or will it go down further?

It is unlikely that the onset of the Chinese New Year holidays so affect the price of cryptocurrency. Most likely, many processes at the beginning of the year influence in such a way that the cryptocurrency each year begins to grow approximately from the second half of February. Since January has actually passed and the prices for cryptocurrency remained the same, we hope that progress will begin to appear in the prices of cryptocurrency after the Chinese New Year. Various events may also occur that have a positive effect on the price of cryptocurrency.

[romero121]

Till last year there'll be price increase by the end of the year and the same gets carried forward towards the falling year. This didn't took place this year, last year the price of bitcoin started tanking high from the days around Chinese new year. With all hope let's believe some form of growth happens by the time of Chinese new year this year as well.