Post
Topic
Board Economics
Re: Chinese New Year - Effect On Crypto
by
BrewMaster
on 20/02/2018, 15:13:55 UTC
I would think that this period could potentially see a huge number of individuals cashing in for the festivities.

this speculation came out more than a month ago. in fact it is more like the January effect for bitcoin: https://bitcointalk.org/index.php?topic=2767038.0 and it happens every year where we have a sizable drop in price of bitcoin.

i seriously doubt that anybody is actually "cashing out" for any holidays or festivities or anything like that because it is absurd! you never hear people selling their stocks, golds, real estate, ... or any other kind of investment to go on a holiday. they instead use their profit from these things, their bonuses, their saving,... to enjoy the holidays!

Quote
What are peoples thoughts on what to expect !?! could be a lowering or market cap & another / even better buy position for your Onions..
since it already happened there is no more "fuel" left in this news to cause anything at all in the market. so i expect nothing because of it.