Quote from: gabbie2010 on January 19, 2019, 04:06:06 PM

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?

The Chinese new year wouldn't have much impact as more countries are having more adoption of bitcoin thus withdrawal of Cryptos to Fiat shouldn't cause more dumps as the market had already been saturated with the bears for a very long period of time.

I don't think so if this coming Chinese new year will give a bullish trend on the crypto market, as like what happened on before the new year we much expecting the bull market come but it won't happen. Chinese people is one of the highest investors in cryptocurrency but I didn't know if it will give a great reaction to the market price movement or still those who manipulated the market will remain.