Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
fishy91
on 21/06/2015, 21:15:42 UTC
My girlfriend has her own business & a lot of her supplies are made in China, it's the Dragon Boat Festival this weekend so literally all of China grinds to a halt this weekend. The factories that supply my partner emailed her to let her know there may be a delay with her deliveries. Any way I just thought I'd mention this here, might be a reason why the BTC price has dipped a bit if it's like holiday season in China, banks are closed etc.
You can read about the festival here -  http://www.chinahighlights.com/festivals/dragon-boat-festival.htm

That's useful, I only knew about the whole of China grinding to a halt for new year celebrations. The Dragon Boat Festival sounds like it has a similar effect if all the banks are closed because of it. That could make a big difference to Bitcoin's price on Monday morning.