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?
It has had its affect mostly one day before the Chinese New year. And we also saw bitcoin go up to more than $10000 today.
This is a very good example of how market perception can change a lot over a short period of time without anything changing. All that has happened was that we had a stable patch and bullish sentiment started growing.
Don't worry too much about government intervention, because BTC is not reliant on governments being behind it. When prices go down because of government controls, generally you know it's a good time to buy some.