It seems like every year has the same scenario for Bitcoin. A couple of weeks before the Chinese New year makes the low of the year and after the New year (16 Feb 2018) goes to the moon for the rest of the year making new ATH’s.
You’re wondering what this has to do with Chinese New Year. Well, the Chinese have a ritual to “burn all their money/wealth” for the New year. Maybe that is happening right now at this moment.
But there are more factors to this price drop in the last week. The MSM and big investors are also manipulating the markets so that they can throw all their bonusses and new investments in Bitcoin, buying at the lowest possible price. Sounds logical, what would you do if you were a banker. They never buy high and have more information than the common man. And have the media working for them causing panic among Bitcoin holders.
Troubling but beautiful times.....
thank you for upvoting 10 Dubians - Monster :-)