Quote from: n2004al on January 31, 2016, 09:34:30 AM

Quote from: a7mos on January 30, 2016, 11:23:38 PM

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 ?

For the moment nothing new under the sky. It is the beginning and naturally that cannot be signs of this happening. My personal point of view is that the Chinese market is important but not at that level that most of posters here give to it. These celebrations would be a good test about this matter. If the price will go down that mean that this market has significant power on its price. More will go down and more will be proof about its importance. But only if there would not be other factors which can cause such going down. But if the price will remain the same can be told that this market has not any kind power on it? I don't think so. I think that the movement of price (normally and in such situations when have not action of pump factors) is reflected much more slowly during the happening of the normal factors which affect the price (factors like celebrations). This mean that the period of change must be long (or at least not few) that the price be affected by such kind of factors. Anyhow remain to see what will happen in the days to come. I am very curious.

Well we all know the chinese are in control. If they are out on a holiday, there are no major things to be expected manipulation wise.
They have been running this pump game from they very start with mt. gox. And will continue to do so till the last day.