Post
Topic
Board Altcoin Discussion
Re: Does Chinese New Year Affect the Market?!
by
Yuuto
on 18/02/2018, 00:09:42 UTC
I think yes, but I have no idea about details why it is rising bcs of it.
Anyone can explain me?

So the theory is that before the Chinese new year people sell their BTC because they need cash. And that sort of crashes the market a little, and the rest of the people just follow suit and everyone dumps in January historically.

I think that it's just hype, but hey, it's giving us a chance to recover from the terrible losses in January.

It does affect the market, just dunno how it does. Nobody knows. But i think it's all psychology.