Hi everyone, as it was Chinese NY on tbe last Friday I was wandering what peoples thoughts were on its possible effect if any on the market place. This holiday obviously effects a number of countries in Sth East Asia not just China; I would think that this period could potentially see a huge number of individuals cashing in for the festivities.
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
I guess the impact this year is not that great when compared to the effects we have seen in the past few years because there are more support from people today. Also, I don't think that Chinese new year is not a significant event to watch out anymore when it is related to bitcoin price since it doesn't impact price that much. For sure, market cap would be lowered on some coins but expect recovery after Chinese new year hype is gone.