Quote from: drlukacs on January 23, 2020, 07:22:43 AM

Quote from: bitbunnny on January 20, 2020, 05:50:44 PM

Every year we have the same discussion about chinese new year and Bitcoin price. There isn't any proven connection however speculations continue. It's almost like Bitcoin users are trying to find some kind of justification and cause for every time the price goes up or down but things are not so easy.

But these discussions are quite true. I also discussed these issues a lot on the forum and as a result, I avoided the dump of 50% of the value of bitcoin during Chinese New Year holidays. I think this year is similar, but we have a good sign. I have seen that the price of bitcoin has dropped to $ 8k5 4 times and the bulls have all pushed it up to be unable to break this major support. The whales are selling bitcoins and getting ready for the new year. and my guess is that if bitcoin does not fall below $ 8k during Chinese New Year, I can guarantee that the price of bitcoin will rise at least 40% in the long run.

Your opinion is correct, but is it not too risky to hold bitcoins with the amount that can be said big enough? Most people are now speculating like that, selling other assets and storing them in the form of BTC in the hopes that BTC will exceed 10K in early February tomorrow. And partly speculated this is a trap made by BTC holders in China, they were pumping the market and after enough and close to the day of Chinese New Year celebration, they then sell it because it requires a fee for the celebration Their. Frankly this is a confusing thing for me, so I only hold a little BTC.