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..
My thought is that it will bring new faces to the ecosystem and the old investors going back as well. So that's what we are currently seeing, the price has been increasing specially after the Chinese New Year, current price now: above $11700.
So the previous trend still holds as of now. But we shouldn't account everything from the Chinese New Year itself. Maybe investors from other parts of the globe are also flocking again the pushed the price to this levels. Let's see. But it looks that we are now out of danger of a slide.