Post
Topic
Board Economics
Re: Chinese New Year - Crypto Market
by
alexsandria
on 24/01/2020, 14:55:54 UTC
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.
Agree, I cannot even think of any situation that Chinese New Year will be having a huge effect in the market. It is not that people during Chinese New Year will buy BTC because instead they will be celebrating holiday especially Chinese, of course. Well, it seems such topics won't be taking down even if it has quite an obvious answer.