Re: Chinese New Year 2019

Quote from: Awkward_Public_Stoner on January 15, 2019, 09:23:01 PM

So historically bitcoin price tanks around Chinese New Year, starting around 23 days before the event. (https://steemit.com/cryptocurrency/@budz82/coincidence-multi-year-bitcoin-crash-pattern-like-clockwork-btc-has-crashed-25-35-for-4-years-in-a-row-23-24-days-before-chinese)

Chinese New Year 2019 is February 5th, which means we are in the middle of the 23-day-period approaching the big bang. What do you think? Do you believe in the Chinese-New-Year-Theory? Think we have bottomed yet price-wise or will it go down further?

As far as I know, in China there are annual limits for investments. They are reviving at the beginning of the Chinese New Year. In my opinion, this is what causes cryptocurrency prices to grow. Let's hope that also this year Chinese speculators and investors will show us how strong they are.