TimeMachine

What happened BTC Chinese New Year 2016

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

Chinese new year is coming on 16 February 2018, I marked the date on what happened back in 8 February 2016. Down trend before chinese new year and up trend for 13 days.

“The farther back you can look, the farther forward you are likely to see.”

― Winston Churchill
Do you think China still has that much influence on the price of Bitcoin now that they practically banned it in every possible way?
Reply
@Shinn,

Well China have VPN, and Chinese is spread to all over the world. I am from Indonesia and many chinese here. Same as Singapore, Malaysia, Philippine, and many more country

I do many business 8 container a month with china, many business make paper company in Hongkong to spare some profit in Hongkong.I've been approach by agent who are specialized to open paper company, Offshore transaction is not subject to Hongkong tax..

Many chinese did not like to put all their money in China Banks, due to the fact they are afraid the account being freeze by the government. Government is China can do whatever they want. Thats why Binance not in China.
Reply
Swatty Shinn
Korea and Japan still have the biggest volume none of which celebrating chinese new year?
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