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 really think that Bitcoin and other market crashes during Chinese new year. As we all know that a huge number of investors are from Asia, and maybe they dump most of their holdings to celebrate the holiday. A lot of people are also contributing to the crash because of panic selling. This gives a good opportunity to investors because they can buy coins at cheap price.