Post
Topic
Board Bitcoin Discussion
Re: Chinese New Year Influence Bitcoin?
by
BlackRacerX
on 12/02/2018, 23:08:06 UTC
I am sure many events recently influenced bitcoin: news about tether, incoming futures date, regulations of several countries, but do you think that Chinese New Year could also influence it at some point? Perhaps many Chinese are withdrawing now in order to purchase gifts for their family member and that could influence bitcoin rate.

It won't. It may affect the price a little bit, but I don't think it will deviate the price so bad that it will cause another panic sell. Even the christmas season didn't affect the pricing so bad. Just a little spike and a  movement by a small margin. Chinese new year won't affect the price of bitcoins that much.