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..
There is no exact effect to bitcoin with regards to chinese new year. As you can see on the chart bitcoin price is still rising and with the chinese new year already done, i guess there is no other holiday that could make an excuse for a drop of price. So hopefully the price hike would continue until the end of this year.