I feel bad that their country is still experiencing that misfortune knowing that they are one of the known country to have a good economy before the uproar there.
Topic: [2019-08-15] Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest - page 2. (Read 351 times)
August 16, 2019, 03:12:17 AM
With the trouble that's currently happening with Hong Kong their economy is truly affected with the political chaos. And people who wants to flee from that economic effect are intelligent to save their assets through bitcoin.
I feel bad that their country is still experiencing that misfortune knowing that they are one of the known country to have a good economy before the uproar there.
I feel bad that their country is still experiencing that misfortune knowing that they are one of the known country to have a good economy before the uproar there.
August 16, 2019, 01:04:39 AM
Bitcoin has been used by different countries who have trouble in their government, not only to save from hyper inflation but to save from the possible foreseen situation that will result to the decline of economy.
People are getting smarter now, because bitcoin can be access through internet anytime and anyway, that alone makes it easy for the holders to hold and keep and they don't have to rely in their own fiat currency if they don't trust its future. More and more country with troubled economy will use bitcoin as a shield and hopefully we can feel the positive effect in the market soon.
People are getting smarter now, because bitcoin can be access through internet anytime and anyway, that alone makes it easy for the holders to hold and keep and they don't have to rely in their own fiat currency if they don't trust its future. More and more country with troubled economy will use bitcoin as a shield and hopefully we can feel the positive effect in the market soon.
August 15, 2019, 06:12:04 PM
it is one more alternative and it has been used in the same way in the past whenever some crisis forced people to do it.
hongkong has been fine for a long time enjoying privileges as the financial hub of asia. the new lords of HK seem not to care too much so people have to do the most logical next step.
hongkong has been fine for a long time enjoying privileges as the financial hub of asia. the new lords of HK seem not to care too much so people have to do the most logical next step.
August 15, 2019, 04:17:36 PM
Not a surprise at all, but we'll have to see if it is sustainable, and where this demand is coming from. If the situation there calms down a bit and the demand falls back to regular volume levels, we know it was just a blip.
Then we have to ask ourselves what these coins are used for. If it's just a tool to move value between countries and have it converted back to fiat, then this specific form of use won't really add much value long term speaking.
Either way, it doesn't change anything from the fact that Bitcoin allows them to move value from one country to another. Who knows what would happen if they tried the same with fiat with how pressing the situation is there.
Then we have to ask ourselves what these coins are used for. If it's just a tool to move value between countries and have it converted back to fiat, then this specific form of use won't really add much value long term speaking.
Either way, it doesn't change anything from the fact that Bitcoin allows them to move value from one country to another. Who knows what would happen if they tried the same with fiat with how pressing the situation is there.
August 15, 2019, 04:14:03 PM
chinese do the same by the way. everyone who is half-way intelligent gets some bitcoins just in case.
asia, europe, america ...
ask anyone who understands what is going on.
asia, europe, america ...
ask anyone who understands what is going on.
August 15, 2019, 04:05:02 PM
Civil unrest has seemingly affected the supply and demand for Bitcoin over there. If I'm not mistaken, doesn't China hold the largest percentage of Bitcoin in the world? This was apart of a talk along time ago, when people were afraid of a 51% attack or something along those lines?
It was years ago before all of the upgrades to the blockchain were made.
It was years ago before all of the upgrades to the blockchain were made.
August 15, 2019, 03:24:04 PM
Everyone in Hong Kong with any intelligence should be buying some bitcoin as protection. China wants control. Having bitcoin as part of an escape plan there is a smart thing to do.
At least some people in Hong Kong see it that way too.
At least some people in Hong Kong see it that way too.
August 15, 2019, 07:49:57 AM
Hong Kong Is Paying Higher Prices for Bitcoin Amid Political Unrest
Bitcoin (BTC) has begun trading at a premium in Hong Kong as continued political uncertainty produces a widely-reported spike in demand.
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