ClioSport.net

Register a free account today to become a member!
Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • When you purchase through links on our site, we may earn an affiliate commission. Read more here.

Bitcoins (and other crypto currencies)



  Clio
Asia still dominates in crypto-trading by volume, accounting for the vast majority of money flowing in and out. Guess what is coming up in 3 weeks? Lunar New Year. Lots of money is flowing back to fiat to buy presents and plane/train tickets.

People spend a TON of money on travel and presents during Lunar New Year. This is their Christmas. This is also the largest mass migration of people on the planet, occurring over two weeks. Projections are for $100 billion USD in spending. [https://www.forbes.com/sites/ywang/...on-begins-chinese-new-year-2017/#3a6d5502999a]

Remember that the crypto market is antithetical to the stock market. Stocks boom when business is booming during the holidays. Crypto investors are retail investors, not Wall Street investors. Retail investors sell during holidays, thus the crypto market falls.

This selloff has happened exactly 3 weeks before Lunar New Year each of the last 4 years.

Evidence: https://i.imgur.com/xKFssKT.jpg [credit: u/Secruoser]

So, everybody chill out for a week, the bulls will be back by February. You can't fault these Chinese and Korean bros for taking major gains to buy some cool s**t for their families. Hell, if you want to, buy up their cheap coins in the meantime.

giphy.gif
 

Breamy

ClioSport Club Member
Always had instant transfer before. Was trying to get some more fun when it was at 0.06. By the time it had gone through it had gone up a bit
 

boultonn

ClioSport Club Member
  Macan S
Yeh it's on the way back up so thought I'd pick up some more ethereum. just waiting for FUN to line my pockets!
 

Jaff.

ClioSport Club Member
Ok I fold, how do I get into this?

Do I just download binance on my phone, sign up and away to go or do 8 need something else?
 


Top