Advantages of cryptocurrencies for China - page 2.

Maknae09

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Quote from: FengShuii on September 29, 2018, 03:08:03 PM

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

China and its people always create a big impact in any aspect that they can be into. If china will going to fully utilize the cryptocurrency market, I guess it will be beneficial to everybody as there is so many investors and people from china.

bignice

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China is a big country and technological progress is as extraordinary as America. And Blockchain technology in China has a very positive impact on payment media. Using Coin Crypto all become easier in buying and selling. Of course, this is also my hope in my country to make crypto coins as a medium of payment.

kamBlanV

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there are many crypto advantages for china, especially for their main work, so they can profit from crypto, trade, mining, and invest.

high population, makes it difficult for some people to get work, and crypto is the solution for them.

yugyug

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Technological advances in China is rapidly growing from the world's fastest supercomputer to giant manufacturing equipment and massive geeks it seems that China has the edge of cryptocurrency and blockchain development although they are strict in regulating such activity for they are trying to figure out on how to win this race against world leading countries who adopts crypto like USA and Japan.

dubynin.ilya

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If China wants to become a center of development of crypto-currencies and actually use them, as all production is directed to export. I believe very much so in the Chinese cryptocurrency, try to buy their coin.

karramov

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China is leader. It is a leader in all areas . If something wants something they will do it .

Lanatsa

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Quote from: FengShuii on September 29, 2018, 03:08:03 PM

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

China is capable of everything and most people do know about that yet they do have the capacity when it comes to power and wealth.Thinking off
they are the top players or makers of miners and talking about investment then they can decide on what they do like to do. They can either be friendly or a worst enemy
anytime on the market.

Jadz

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I definitely see advantages for China, at least in the field of payments. And most likely China will support local blockchain startups.

musaonliner

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China is a large country of the world. China population huge, if china accept crypto then china people will involve in crypto then crypto demand will be increase. Moreover crypto market will be grow up.

olubams

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No matter the advantages that crypto currency offers for an economy whether China or the United States, the government knows but the question is, can they match it with the cost that comes with it based on their own perspectives which is what determines the attitude any government will display towards crypto currency. Unless those costs or disadvantages can be overcome or there is a higher necessity to push forward the advantages, its not going to change till the near future.

Ayobami99

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Quote from: FengShuii on September 29, 2018, 03:08:03 PM

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

Sure i believe china will be one of the leading countries in crypto soon especially if they come through with the tokenization of their currency which is being proposed recently

grendel25

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Quote from: FengShuii on September 29, 2018, 03:08:03 PM

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

Yes, it is inevitable for China and other large markets to take advantage and prosper from the blockchain revolution. Despite the current lull in cryptocurrency markets, not much has changed regarding blockchain progress in the way of integration and adoption.

In fact, it is not easy to find retailers that have stopped taking cryptocurrency as a payment method. I couldn't find any when I searched "online retailers that have stopped accepting cryptocurrency" in Google. Why would they? A sale is a sale even if they immediately liquidate the digital asset for cash.

Asides from China, another thing to consider is other markets that are even more traditional and conservative than Chinese markets. Look at the wealth of South America. Brazil is a huge and largely untapped potential to grow cryptocurrency markets.

Yaunfitda

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Quote from: FengShuii on September 29, 2018, 03:08:03 PM

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

Well they already put a hammer ban on their local exchanges and ICO's so I don't think that they are fond of cryptocurrencies. Besides, they know that crypto's will disrupt them in either way so I don't think that they will accept that idea as we all know that China wanted everything to be under the control of thei government so forget about them.

l10no

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Now China is the country with the largest economic turnaround in the world, and it is not surprising that the country is developing cryptocurrency very well, but the ongoing industry competition that affects global finance does not make China be the cryptocurrency center easily, it takes a very long process for that, but it seems that this country has a high level of trust

oioioi

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each country has the same opportunity to develop cryptocurrency extensively, and China has become one of the big developers so that the development of crypto in that country has become an integral part, even has a remarkable turnaround, but don't forget countries like USA and Russia that have the same potential

mahilchii

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Quote from: Who I on December 01, 2018, 11:46:52 AM

It seems to me that because of the large population in China, the cryptocurrency, will make a big impact on the economy. Stronger than in other countries

Definitely a larger populated country will make a huge impact on crypto value, it can change the economy of entire country. China is a extreme powerful country in the world also they are largest exporters across the globe if the government say to use the coin as official I sure cryptocurrencies will skyrocket again.

Red-Apple

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i can't think of any reason why cryptocurrencies are specifically advantageous for China. they have their own advantages but they have those for anybody from any country all over the world. there is no specifics to any country in my opinion.

there are certain aspects of the technology that they have been enjoying more. such as mining and also trading but i wouldn't still call it an advantage for Chinese.

Perfect35

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I believe cryptocurrency is still in use in China, it's just that it is not yet official. I have seen quite some number of people, most especially those i know, whom are merchants. They buy goods from China using cryptocurrency and that has made the transaction between both parties to be easier. The only issue China may have on this, is the tax evasion, which most government are agitating for.

hotforblockchain

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It is extremely hard to understand what is happening with China, they are constantly changing their attitude towards cryptos . ( at least this is what i see from the news all the time) Thus i wont bet nothing much on China, at this point EU and Isreal where we should look for innovation in crypto space

takngantuk

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Quote from: nthere on September 29, 2018, 03:12:34 PM

Even Binance moves its operation to the Malta. There are some various crypto legal friendly countries in the world but China is not one of them.

yes I agree with you that China still cannot be a friendly country with crypto. they still think crypto is less profitable for him.

Topic: Advantages of cryptocurrencies for China - page 2. (Read 474 times)