Chinese New Year - Crypto Market

[Xxmodded]

Chinese New Year can give a small impact on bitcoin's price but not for too long and not that big. Unlike with the traditional New year every 1st of January, not everyone are celebrating Chinese new year and the preparation is very different during Chinese new year. Especially outside Asia, I wonder if they also celebrate Chinese New Year that much.  However big Chinese investors can change the game but don't really expect that it will give too much impact.

Yeah Chines new year can give impact to make bitcoin back with lower price and we must ready hold bitcoin during chinese new year and look have bigger chance with bitcoin going down, but I will trusted with bitcoin halving could give positive way how to make bitcoin keep stable with higher price at the future and keep attack with negative moment of bitcoin price.

Better not hold your bitcoin during Chinese new year because you can lost much assets with bitcoin back to lower price, I think you can sell bitcoin right now and buy or investing when Chines new year day and get lower price, after few days later of Chinese new year bitcoin back to higher price and you can get much profit again, is easy how to manager with Chines new year.

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[matchi2011]

Chinese New Year can give a small impact on bitcoin's price but not for too long and not that big. Unlike with the traditional New year every 1st of January, not everyone are celebrating Chinese new year and the preparation is very different during Chinese new year. Especially outside Asia, I wonder if they also celebrate Chinese New Year that much.  However big Chinese investors can change the game but don't really expect that it will give too much impact.

There's significance that Chinese investors can work together and made a huge impact inside the market, knowing them as a good business manipulators chances that the current value of any crypto coins that the'll going to pumped will really get impacting movements. It's barely needed
to understand and not to fall too quickly but to analyze the chances of riding.

[awik p]

Chinese New Year can give a small impact on bitcoin's price but not for too long and not that big. Unlike with the traditional New year every 1st of January, not everyone are celebrating Chinese new year and the preparation is very different during Chinese new year. Especially outside Asia, I wonder if they also celebrate Chinese New Year that much.  However big Chinese investors can change the game but don't really expect that it will give too much impact.

Yeah Chines new year can give impact to make bitcoin back with lower price and we must ready hold bitcoin during chinese new year and look have bigger chance with bitcoin going down, but I will trusted with bitcoin halving could give positive way how to make bitcoin keep stable with higher price at the future and keep attack with negative moment of bitcoin price.

Better not hold your bitcoin during Chinese new year because you can lost much assets with bitcoin back to lower price, I think you can sell bitcoin right now and buy or investing when Chines new year day and get lower price, after few days later of Chinese new year bitcoin back to higher price and you can get much profit again, is easy how to manager with Chines new year.

When Chinese New Year, all Chinese people celebrate it, and we know that the biggest mining is in China, so the activity will weaken temporarily. therefore the possibility of bitcoin to down there. but after the activity has recovered, I think the price will be more excited than before

[ajiz138]

The influence of the Chinese New Year on current bitcoin prices will definitely have a serious impact on the development of crypt prices. Many opinions say that the increase in BTC and Altcoins today is influenced by welcoming the Chinese New Year which will take place in the next 2-3 days.
Traders assume that when this holiday happens there will be a sale of crypto assets by people who celebrate the Chinese New Year because they need substantial funds for their parties.
I assume the current price situation is a trap ahead of the Chinese New Year celebrations, and I suggest not to be too tempted by the rather significant increase of altcoin today.

[ecnalubma]

I think the Chinese new year a little impact compare to other holidays like Christmas or New year where it is globally celebrated. Unless some whales will take advantage of the event and create a market scenario or temporary dip.

[crossabdd]

I think only a small part of the effect of Chinese New Year on the price of crypto. I do not see significant price movements. maybe the small effect was due to the role of China which holds almost half of bitcoin mining. so if there is a moment for china. Crypto prices have an effect. but on the big side, I didn't see a great surprise. all the same. crypto movement cannot be predicted with certainty.

[bering]

When christmas people always to linked bitcoin price to this annual event and now people talking again the effect price from chinese new year and it repeatable for every years however last time i heard chinese miners has been sell their bitcoin for vacation purpose because if i'm not wrong usually in the country with majority people to celebrate chinese new year then the government will give vacation to the people so if this situation really happen then it will have an effect for the price of bitcoin in short term

[drlukacs]

Every year we have the same discussion about chinese new year and Bitcoin price. There isn't any proven connection however speculations continue. It's almost like Bitcoin users are trying to find some kind of justification and cause for every time the price goes up or down but things are not so easy.

But these discussions are quite true. I also discussed these issues a lot on the forum and as a result, I avoided the dump of 50% of the value of bitcoin during Chinese New Year holidays. I think this year is similar, but we have a good sign. I have seen that the price of bitcoin has dropped to $ 8k5 4 times and the bulls have all pushed it up to be unable to break this major support. The whales are selling bitcoins and getting ready for the new year. and my guess is that if bitcoin does not fall below $ 8k during Chinese New Year, I can guarantee that the price of bitcoin will rise at least 40% in the long run.

[bobyhodob]

I actually feel comfortable trading with Crypto when Chinese New Year the market is not very influential here, different from the forex market almost every year when the Chinese New Year I always lose there.
if you are forex traders maybe just know how to market during the Chinese New Year too difficult to analyze for me

[TheCoinGrabber]

Meh, the effect is probably small. As many has pointed out, even though there is still probably many BTC users in China, they've closed exchanges so it's no longer to move around the money. Sure there's HKers but I'm not sure how big of an impact that can make.

Better not hold your bitcoin during Chinese new year because you can lost much assets with bitcoin back to lower price, I think you can sell bitcoin right now and buy or investing when Chines new year day and get lower price, after few days later of Chinese new year bitcoin back to higher price and you can get much profit again, is easy how to manager with Chines new year.

Not sure about this. Even if it does fall on New Year the recovery after might not be enough for me to make a profit so I'm keeping them and just riding out the holiday. I'll just wait till May.

[pikkie]

When christmas people always to linked bitcoin price to this annual event and now people talking again the effect price from chinese new year and it repeatable for every years however last time i heard chinese miners has been sell their bitcoin for vacation purpose because if i'm not wrong usually in the country with majority people to celebrate chinese new year then the government will give vacation to the people so if this situation really happen then it will have an effect for the price of bitcoin in short term

from what I know from the existence of the chinese new year it will make the price of some cryptocurrency fall because they will use the money to distribute to loved ones and other family members so that it might have a terrible impact on the exchange.

[kapalmabur]

less than a day of Chinese New Year will come, we can see a lot of people trying to sell their bitcoin in exchange, the price of Bitcoin is currently down, my advice playing short is better when the market experiences a situation like this

[albrots]

Every year we have the same discussion about chinese new year and Bitcoin price. There isn't any proven connection however speculations continue. It's almost like Bitcoin users are trying to find some kind of justification and cause for every time the price goes up or down but things are not so easy.

But these discussions are quite true. I also discussed these issues a lot on the forum and as a result, I avoided the dump of 50% of the value of bitcoin during Chinese New Year holidays. I think this year is similar, but we have a good sign. I have seen that the price of bitcoin has dropped to $ 8k5 4 times and the bulls have all pushed it up to be unable to break this major support. The whales are selling bitcoins and getting ready for the new year. and my guess is that if bitcoin does not fall below $ 8k during Chinese New Year, I can guarantee that the price of bitcoin will rise at least 40% in the long run.

Your opinion is correct, but is it not too risky to hold bitcoins with the amount that can be said big enough? Most people are now speculating like that, selling other assets and storing them in the form of BTC in the hopes that BTC will exceed 10K in early February tomorrow. And partly speculated this is a trap made by BTC holders in China, they were pumping the market and after enough and close to the day of Chinese New Year celebration, they then sell it because it requires a fee for the celebration Their. Frankly this is a confusing thing for me, so I only hold a little BTC.

[alisonwonder]

I dont think this claim is true because this thought was came up recently when the BTC reached all time high and started tracing back, coincidentally, Chinese New Year was in between. The market is bullish right now and we are seeing good volume in flow. We may not see any dumps for Chinese New year this time. Also it is in just 4 days from now so its nearly impossible to happen. 

just like Christmas does not affect on prices, so there is nothing special about the big day on bitcoin. and in my opinion none of that had an impact on the market. current increase indeed this year the market is bullish because of halving.

China is dominating in the crypto market. The recent calculation of daily usage of Bitcoin in China indicates that it is used in daily basis with highest percentage of 42%. The country want to adopt this digital currency as a legal currency beside fiat. Remembering the past years Chinese New Year effect on Bitcoin price, it is predicted that it will have a negative impact on it. As the price of it dropped during these days in past years.

I'm not really sure what will affect the price? will it sell off? I see 2 days before the Chinese new year bitcoin price prices dropped to 8400, let's see if it really will have a negative impact, if later it goes below 8k it means it's true. think why people will sell their bitcoin when that day happens.

[Mahanton]

When christmas people always to linked bitcoin price to this annual event and now people talking again the effect price from chinese new year and it repeatable for every years however last time i heard chinese miners has been sell their bitcoin for vacation purpose because if i'm not wrong usually in the country with majority people to celebrate chinese new year then the government will give vacation to the people so if this situation really happen then it will have an effect for the price of bitcoin in short term

You cant stop people not to think up that way yet each event would really have an specific impression and anytime
we do reach up that certain time then it do automatically put out on peoples mind.Now its almost Chinese new year
but we cant still see some signs of decline but somewhat price had reduced for some hundred dollars.
Lets see if it would sustain or hold out.

[ultrloa]

I dont think this claim is true because this thought was came up recently when the BTC reached all time high and started tracing back, coincidentally, Chinese New Year was in between. The market is bullish right now and we are seeing good volume in flow. We may not see any dumps for Chinese New year this time. Also it is in just 4 days from now so its nearly impossible to happen. 

just like Christmas does not affect on prices, so there is nothing special about the big day on bitcoin. and in my opinion none of that had an impact on the market. current increase indeed this year the market is bullish because of halving.

China is dominating in the crypto market. The recent calculation of daily usage of Bitcoin in China indicates that it is used in daily basis with highest percentage of 42%. The country want to adopt this digital currency as a legal currency beside fiat. Remembering the past years Chinese New Year effect on Bitcoin price, it is predicted that it will have a negative impact on it. As the price of it dropped during these days in past years.

I'm not really sure what will affect the price? will it sell off? I see 2 days before the Chinese new year bitcoin price prices dropped to 8400, let's see if it really will have a negative impact, if later it goes below 8k it means it's true. think why people will sell their bitcoin when that day happens.

Even if we can see the price drop at 8400 still we cannot relate this to the Chinese new year since we don't know actually if Chinese will sell their assets sin e in the first place we are in good condition these days and for sure those Chinese whales will doubt to sell their holdings for this early stage of the year since for sure they know they will earn more money for staying at the current stand.

[Kakmakr]

There are a lot of other events in the year, like Black Friday and Xmas and Valentine's Day and every time someone wants to hype these events in the hope that it would have some kind of impact on the price. It never does and every spike or dump during or prior to these events have very little impact on the price.

There is just not enough evidence that the Chinese New Year has a significant impact on the price, so I think people should just ignore the hype that surrounds it.

They even do this with the Halving event and every 4 years the result or impact of these events are insignificant. 

[GideonGono]

Chinese New Year in the past years (in exception of 2017) was celebrated in February and they were all green. So if the price holds until the Chinese new year, then history will hold true.

But I don't think price went high in 2018 on the Chinese new year episode because 2018 was really bear for bitcoin and crypto which we are about coming out from lately. Therefore, I'm trying to see the relationship of them all with the Chinese new year.

Unfortunately for all traders there are no strict rules in market's behavior.
There could be a correlation between Chinese new year and Btc's price, but its all more of a repetitive coincidence than a rule

Yup, because normally we can't say on what happen because how does it affect? It was just coincidence that it would happen because there are a lot of news that can take over than saying the effect of yearly event.

[asus09]

Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.

[bitzizzix]

I also don't understand whether it is true that the decline in bitcoin or the crypto market was affected by the Chinese New Year, and things like this are always associated with big celebrations.
but it is possible that this is true or just coincidence, because the majority of users and investors of cryptocurrency or bitcoin come from China and they make sales to celebrate.