Post
Topic
Board Speculation
Re: Boring market with no strong movements during Chinese holidays
by
fred930
on 31/01/2016, 00:02:04 UTC
I think the bitcoin market will be so boring in the next days with slow price movements because of the upcoming Chinese holidays.
What do you think about these holidays and how it will affect the btc price ?

What Chinese New Year, 8th February...when Chinese everywhere (including those who invest in Bitcoin) make a grab for cash to stick in little red envelopes and hand around their nearest n dearest?


hmmm.....reckon we could see some action yet likes.

There is Chinese New Year on February 8 closely followed nine days later by the Gox creditor's meeting on February 17. If nothing happens at the Gox meeting Chinese New Year might be the biggest influence on the price, but if they announce what will happen to the Gox coins at the creditor's meeting that will have the biggest influence on the price.