Chinese New Year - Crypto Market

[Assface16678]

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.

Today the Chinese new year is coming and now there are a lot of speculation will happen about the market price of the bitcoin or the whole market of cryptocurrency and some of us will think that the history repeat itself again the price of the coins will fall down every end of the year of January and brings back again after the middle of the year with the range of almost March to August. Looking forward i think it is better to hold if you already got investment and grab the opportunity to invest while the price is low.

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[Cacingkemi]

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.

It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day

[shoreno]

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.

It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day

thats what also happen last year right ? also on previous years , the price fell down before and during chinese year but the price recovers again after this event . china country were slight out of bitcoin before but this isnt about china anymore because many people around the world also celebrate this event . so the price reduction will still came.  cheer up guys , the drop for btc is still small but idk to some coins  but this help us to buy more in preparation for later events.

[elisabetheva]

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.

It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day

thats what also happen last year right ? also on previous years , the price fell down before and during chinese year but the price recovers again after this event . china country were slight out of bitcoin before but this isnt about china anymore because many people around the world also celebrate this event . so the price reduction will still came.  cheer up guys , the drop for btc is still small but idk to some coins  but this help us to buy more in preparation for later events.

who can deny that China is the largest population in the world and technology is also advancing rapidly. so it is strongly believed that bitcoin revolves a lot in their area. Will bitcoin influence with the coming Chinese New Year in a few days? it also needs to be questioned, because the bitcoin situation at the moment there is no movement that leads to improvement, so I don't think there is any influence of bitcoin with the Chinese new year.

[adzino]

Too tired to look at the stats/charts you provide. What do you think? You probably have already studied the stats and already have a conclusion. Sharing your opinion over here would be helpful instead of just asking for peoples opinion. Like others have said, the prices have always been on the green side every Chinese new years, but is this just a coincidence? Is there any reason that causes the price rise?

[vintages]

Well the stand of the Chinese on Bitcoin in 2015 is very different from the present. Especially now that the Chinese government has their restrictions on this digital coin. Moreover, isn't it high time we stop linking Bitcoin with the Chinese. World New year and the festival period are gone, why will it be any different from this. Not trying to sound negative but some analyst online are always trying to create tension where there shouldn't be one.

[kateycoin]

Maybe there will be effect to the market about chinese new year but not totally big impact to the crypto market. Some of cryptocians are not focus to what holiday brings in crypto maybe there's some high in price of a coin but I think it will not totally big effect to crypto especially in bitcoin price. Every year there's a changes, restrictions and new regulations so maybe this holiday will not change what on the crypto market have now.

[kawetsriyanto]

In fact, every time there are big days it will always be associated with the condition of the crypto market. As is the case with other holidays. Indeed, sometimes annual moments like that become an issue that has quite an impact on crypto conditions. Because most of them will be affected to release their coins. But does this mean a big impact? We need to examine it more deeply, especially on what actually happened to the market and analyze the graph of its development.

[mamahdedeh]

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.

It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day

But I don't think chinese new year makes people dump all of their btc or cryptocurrency. they are just selling some portion of their coin at best and it's just a chinese new year that the celebration will ends in 1 day. dumping all btcs just because the upcoming of chinese new year is kinda silly dont you think.

of course the activities in China will be stopped temporarily with the Chinese New Year. but for taking bitcoin, I think it's only as necessary, because it's only to fulfill needs. of course, the global market has become temporarily unattractive

[asus09]

Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.

[boyptc]

With my stay to crypto, I've seen those few Chinese new years that really gave an effect to it.

Those times were bad and it's giving the negativity whenever we're approaching on it. But, this year? we can't say that it will be the same again because it could also be different.

As per stocks there are is an ongoing uptrend on prices of certain assets. As per cryptocurrencies, we can't say for sure what'll happen, but so far we are also experiencing an increase in the overall price which is the opposite of what happened last year. We can attribute this increase to the halving that will come around this year, this might've made a positive effect on the overall price of cryptocurrencies.

Right now, we're going through a probable week of correction.

We're still far from halving and that's another thing to consider. But as for those chinese new years that passed, there's really an affect that we're seeing or we might now know that the current correction is due to this?

[kapalmabur]

Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.

Bitcoin can be stuck at a price of $ 8,300 in a few days it is a good thing, because this is an important support point, even though EMA 100 within 4 hours has passed we can still see EMA 100 within 1 day, hopefully it can be hold

[Murat]

It's was expected that the little change in this crypto world while the Chinese new year, but nothing we have seen in this system, it's true that Bitcoin price has been raised a bit in recent time along with other crypto's price, but it's not enough to get a good thing for the people because most of the people were waiting for a more price, whatever the case is, I hope 2020 will be the year of cryptocurrency and it's been started already following my aspect, I hope both Chinese and the USA government will allow Bitcoin and cryptocurrency as a legal virtual currency very soon.

[plvbob0070]

Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.

Tomorrow is the Chinese New Year and I guess there is no connection between the price of bitcoin and this kind of occasion. Every year we have been tackles this situation and for me, it is normal to see a dump or pump price on the day of the Chinese New year and in fact, we should not be worried about the price of bitcoin because it's now slowly increasing. Whether the Chinese New Year has an effect or no effect on the price maybe we should still consider that bitcoin is volatile and the important thing right now we see good changes on its price.

[ReiMomo]

Probably on my own, there is an effect on the market price of the entire crypto. Chinese New year celebration will make people there have a lot of money because they will receive a red envelope from their families. That is traditional and part of Chinese people giving to each other and I think most of them have money at that time. And now, those who have known crypto will surely invest and accumulate at that time that makes the demand surely increase.

[k@suy]

Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.

Tomorrow is the Chinese New Year and I guess there is no connection between the price of bitcoin and this kind of occasion. Every year we have been tackles this situation and for me, it is normal to see a dump or pump price on the day of the Chinese New year and in fact, we should not be worried about the price of bitcoin because it's now slowly increasing. Whether the Chinese New Year has an effect or no effect on the price maybe we should still consider that bitcoin is volatile and the important thing right now we see good changes on its price.

Yes this is absolutely true. Even if we are commemorating the chinese new year tomorrow, this occasion doesnt have any relation to the bitcoins status because it is just only one day celebration and it will certainly pass just like an ordinary day. Because remember the chinese government banned bitcoins and any other altcoins on there country so how their celebration will affect the cryptocurrency status?

[FlightyPouch]

Saturday, January 25 is Chinese new year and give bad thing for bitcoin price become down, how ever just left two days later for Chinese new year and I hope bitcoin could back to higher price again, I think two days left have not worried again bitcoin will down and bigger chance for bitcoin back to higher price, but we must wait until Chinese new year ended.

What could be the connection of the Chinese new year to the price changes of bitcoin? It is not that chinese people would be trading and buying crypto currencies at that time.

[LUCKMCFLY]

This new year for China means a lot, it is the launch of its stablecoin, and it will be competing with the best in its nature, they have prepared for more than 5 years for this, although they are directly threatened by Libra, it cannot be forgotten that it is a The path that will lead to Bitcoin, people will know the technology even more, and they will not hesitate to go the best way, they may use stablecoin to comply with the corresponding regulations, but the adoption will be the one that wins in its entirety, it will be a great start.

[alexsandria]

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.

Agree, I cannot even think of any situation that Chinese New Year will be having a huge effect in the market. It is not that people during Chinese New Year will buy BTC because instead they will be celebrating holiday especially Chinese, of course. Well, it seems such topics won't be taking down even if it has quite an obvious answer.

[Ryker1]

Well, that is unpredictable as for now. We can not give accurate answer but we have different speculation on it.
First, --people there cash out their Bitcoin holding and spend these holidays come and enjoy at the moment together with their families.
Secondly, --people invest bitcoin because they receive a gift comes from their families and relatives. Something like that but we are still on speculation. Indeed, if we are talking about the effect there is a significant effect but we dont know if either up or down movement.