Post
Topic
Board Speculation
Re: Will Chinese New Year boost crypto market cap?
by
Lazada
on 12/02/2018, 05:55:19 UTC
With Chinese New Year coming up on 2/16 what do you think will happen will the market cap get an influx of new money from China or not? I'm thinking we will and hoping it will boost prices for all coins but of course, this is just speculation, what do you think?
I even predict that the price of Bitcoin may decrease. We know that sometimes on Chinese New Year will be many needs so that there will be a flow of money withdrawal by selling Bitcoin owned. Theoretically, when demand decreases, Bitcoin's price will decrease and as demand increases Bitcoin price will increase. So try not to do too much sell because it will have a negative impact on price movements Bitcoin.