Quote from: gcckpxm62308 on February 06, 2018, 02:34:38 AM

Quote from: rwishva on February 04, 2018, 01:10:23 PM

Almost all of BTC traders/holders/newbies/investors talking about BTC crash due to Chinese new year, but anyone knows what's the connection between chineese new year and BTC ?

Undecided

I can explain it to you because China has a lot of people who invest in bitcoin. The Spring Festival is a very important festival in China, you need to buy and buy many things for the Spring Festival, such as buying new clothes, buying couplets, giving gifts to parents, gathering, etc., and the Spring Festival Prices are high, which all need to cash Bitcoin, which affects the price of bitcoin.

probably because of the large bitcoin users from china who do cashout from bitcoin to their currency its give little effect on bitcoin price but the topic in this thread is why the Chinese government forbids bitcoin, I think almost all countries have the same reason to ban bitcoin, the reason for this is that decentralized bitcoins can not be controlled, anonymous increasinglyto online financial crime, and other reasons that harm country,