Post
Topic
Board Speculation
Re: Chinese New Year 2019
by
pooya87
on 16/01/2019, 06:12:27 UTC
So historically bitcoin price tanks around Chinese New Year, starting around 23 days before the event.

your whole argument is based on a false assumption here.
historically bitcoin price rarely drops around any new year. in fact most of the times people start talking about the fall that never happens and it remains as their false speculation. you can check it out every year. the fact is, new year has nothing to do with price and it definitely has nothing to do with its drop. the only thing that happens during that time is a less active market, nothing more.