Today bitcoin shocked me, dropped so drastically to the amount of $ 6000. making some people worried. and some call this condition is a good crushing.
and within a few days we will be facing Chines new year, how do you speculate when bitcoin meets a chinese new years? will they sell more bitcoin or will they buy more bitcoin with angpao?
I think they will sell their bitcoin for fiat. Usually they give fiat as "angpao". Need better news, I hope more countries accept bitcoin, this kind of news can makes bitcoin price rise. Like happen a few months ago while japan accept, asian market looks to bitcoin positively. Media has very great impact on bitcoin.