What will be the affect of Valentine day on Bitcoin Price

[GmAdvice]

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

[charlesmichel1]

I suppose it's just a coincidence. Or how can you explain the effect of this silly holiday on Bitcoin price? A lot of crypto-enthusiastics decide to give Bitcoin to their beloved instead of heart-shaped cards? What's about 2020 Valentine day, halving is soon.

[bitbunnny]

What a stupid question! I just wait to see the question "how the sunrise affects Bitcoin price?".
It's really hard to understand that anyone who is seriously involved in Bitcoin would pose such a question or really think there is any connection between Bitcoin price and Valente's day. This makes me laugh.

[GmAdvice]

I suppose it's just a coincidence. Or how can you explain the effect of this silly holiday on Bitcoin price? A lot of crypto-enthusiastics decide to give Bitcoin to their beloved instead of heart-shaped cards? What's about 2020 Valentine day, halving is soon.

May be you are right but, 2020 valentine's day prediction - bullish by traditional markets analysts have extensively studied the day of the week effect as well as the effects that holidays such as valentine day has on the markets. In the case of stocks most studies identify abnornal returns occuring the day before the holiday rather than during the holiday or after..

[GmAdvice]

I suppose it's just a coincidence. Or how can you explain the effect of this silly holiday on Bitcoin price? A lot of crypto-enthusiastics decide to give Bitcoin to their beloved instead of heart-shaped cards? What's about 2020 Valentine day, halving is soon.

Yes sir,  you are right. but i have read the article about the connection of bitcoin price with valentine's day, and thats why i wanted to know the thruth behind this article, that is why i have posted this question..

Here is the Article where it is explaining the effect of valentine's day on bitcoin price : https://www.cointelegraph.com/news/bitcoin-price-loves-valentines-day-as-historic-data-favors-bulls/amp

Can you please tell, can really valentine's day effect bitcoin price..

[Blackdeath]

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

Bitcoin and other cryptocurrencies has been positive this past few weeks, so valentines day don't have any reasons on the changes on bitcoin's price, that is why it is just a coincidence that bitcoin have increased it's price this Valentine's day. I also think that bitcoinnalways collows the same trend every year that really helps every trader to make a strategy in watching the market charts

[Captain Corporate]

 Let me tell something that you have never considered before : Not everything has an affect on bitcoin price. I know its hard to consider for some people because they think bitcoin price is affected by almost every single thing on earth, but its really not. Same people came here talked about Corona virus and how it will affect bitcoin because China was a big player in bitcoin price bla bla bla, look at the price since the virus break out, it went up. So long story short there is nothing that affects bitcoin price, only people buying and people selling affects it and thats it, nothing else. Valentines day is not even that special, its not new years, its not christmas, its not chinese new year, its literally nothing regarding financial world.

[FlightyPouch]

It is always that it is just a coincidence. The price of bitcoin now had a good run starting this month. It goes back to a 5-digit price and now staying there. If every year that happens, we could conclude that it really has a good effect on the price but there are those years that it did not happen so we can say that it is just a coincidence.

[semobo]

People who celebrate valentines day mostly doesn't aware of the existence of crypto currencies because they were teens or young generation people who thinks they can love someone forever. So the price effect is just pure speculation from the traders just like other days.

[AniviaBtc]

What a stupid question! I just wait to see the question "how the sunrise affects Bitcoin price?".
It's really hard to understand that anyone who is seriously involved in Bitcoin would pose such a question or really think there is any connection between Bitcoin price and Valente's day. This makes me laugh.

There's nothing wrong with asking some questions about the event if it will affect bitcoin or not. In some ways, I'm pretty sure that even a little, it has an effect to the market. Due to the Valentine's Day, demands in some goods will increase its demand and bitcoin can be used in some transactions so they will experience less hassle. If you don't want this kind of question, it is still your choice if you will ignore it or post about it. Mind your own business and people here wants to learn more and be updated about the happenings in the market and bitcoin.

[romero121]

Valentine's day is a time for business, this way more and more buying and selling of products cause increase in circulation of the market. Last year the market wasn't that good during the days around the valentine's day. More the circulation more will be the growth. As this year halving is fast approaching the market is showing positive response on growth.

[plvbob0070]

My answer to your question is no and how you did conclude that Valentine's day has a connection to the price of bitcoin. Valentine's day is just the same as any other day the only difference is that people are focusing on how they will show their love into their loved-ones. To be honest, it's my first time to see a question regarding bitcoin and Valentine's day. I'm pretty confident that this month of February will give us more profit due to the slowly increasing of bitcoin on the market. Lastly, it just more on coincidence and there's no totally connection between bitcoin and valentine's day.

[Bnkr65]

I don't quite see how this has anything to do with each other. It's just a normal day for trading.

[dothebeats]

Only traditional merchants would enjoy and reap the benefits of the said event and not crypto traders or even the forex markets. There's no such correlation between an event which celebrates the life of a saint to a market of pure speculation and whatnot. Any price changes that happened within the day of February 14 is natural, and is happening all year round no matter the occasion.

It's funny how every little event is being connected to bitcoin and its market movements. People are really naive to think that everything is connected to bitcoin at this point in time just because it is already big.

[Averim]

I don't quite see how this has anything to do with each other. It's just a normal day for trading.

Perhaps today there will be extra pay option, payment being made with feelings instead of money. Just so, in the spirit of Valentine

[livingfree]

Nothing.

Bitcoin wasn't just putting a massive increase since 2015 but also earlier than that. All of what's happening right now is due to the rebound that we're seeing even before valentines day. I don't think that there's really something interesting during this day.

There's more to think of than this day.

[gentlemand]

I predict a $2000 rise before 00.00 UTC.

What could be more romantic than starry eyed lovers across the globe handing each other strings of letters and numbers on scraps of paper?

Millions of babies will be conceived tonight and each of them will receive 1 BTC. The price could be bid up to several million dollars in December in a rush to obtain one for all of them.

[hugeblack]

with the highest daily return of more than 9% occuring in 2018.

Regardless of Valentine's Day, is a 9% price change considered an impressive change that leads you to believe that that day is special? If the answer is no, then Valentine's Day has no effect else we are exchanging the longest Valentine days.

Such occasions do not affect the price, because many do not think about it seriously, and the exchange of gifts will not constitute a change in the balance of supply and demand and therefore no change will occur.

[harizen]

Since 2015, valentine's day has been very positive for bitcoin as well as for ether. Every valentine's day with the exception of 2019, has been positive in the case of bitcoin, with the highest daily return of more than 9% occuring in 2018, will 2019 Valentine's follows the same trend as last years ..

Technically, Valentine's day is just a normal day in crypto. No direct effect nor impact.

Around 9% growth within a day is normal even on a bearish market. We are currently on a bit uptrend so expect an increase day by day. It just happened that the continuous growth passed the Valentine period making you to believed that this event correlates on how the price behaves.

Well, nothing wrong if you will believed in that and look at that situation as positive. We are saying these things to enlightened you.

[GmAdvice]

What a stupid question! I just wait to see the question "how the sunrise affects Bitcoin price?".
It's really hard to understand that anyone who is seriously involved in Bitcoin would pose such a question or really think there is any connection between Bitcoin price and Valente's day. This makes me laugh.

There's nothing wrong with asking some questions about the event if it will affect bitcoin or not. In some ways, I'm pretty sure that even a little, it has an effect to the market. Due to the Valentine's Day, demands in some goods will increase its demand and bitcoin can be used in some transactions so they will experience less hassle. If you don't want this kind of question, it is still your choice if you will ignore it or post about it. Mind your own business and people here wants to learn more and be updated about the happenings in the market and bitcoin.

thanks for answering my question sir, and yes in the near future when bitcoin will use as a payment Gateway globaly by people, The Days like valentine's day, christmas day etc will surely effect the bitcoin price.