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Topic: Asia can be the biggest crypto market - page 2. (Read 2256 times)

hero member
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October 29, 2019, 07:29:49 PM
I think there are more crypto investors from Asia considering that Asia has the largest exchange in the world today such as binance, okex. Maybe for some countries in Asia such as India, China, Indonesia that have not yet implemented crypto regulations, that's why crypto has not been considered to date , some people only use to invest, hopefully in the future crypto can be used as a currency for payments and other transactions
I agree that Asia will be the biggest crypto market in the future since there is a good and stable internet connection in this continent and that countries in Asia are more open on crypto for future currency compared to some other countries. While China has made bitcoin a legal currency, other countries too may follow the path of China and slowly adopting  cryptocurrency as an alternative payment option aside from fiat.
sr. member
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October 29, 2019, 07:11:04 PM
I think there are more crypto investors from Asia considering that Asia has the largest exchange in the world today such as binance, okex. Maybe for some countries in Asia such as India, China, Indonesia that have not yet implemented crypto regulations, that's why crypto has not been considered to date , some people only use to invest, hopefully in the future crypto can be used as a currency for payments and other transactions
full member
Activity: 399
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October 29, 2019, 05:50:54 PM
maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
Venture of new projects are really poor in some Asian country for example India and Indonesia etc. Behind of this reason is cryptocurrency prohibited. Of course they are bond by regulations and crypto is losing more users. Although cryptocurrency users is much more than previous years.
K4C
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October 29, 2019, 05:19:36 PM
Asia has always been at the forefront of blockchain developement and they have proven that they also contribute a lot to the amount of money to the cryptocurrency ecosystem.
hero member
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October 28, 2019, 10:19:30 PM
Yeah, I think so, Regulations on Asia are not that strict about crypto In fact they are slowly adopting it. Especially in Japan, China, and other neighbor countries. Asia has big population so it has a big market. I think China is on the lead now here in Asia taking a big move to tokenize their national currency maybe will launch sooner than libra.
China is just welcoming the blockchain not the entire crypto but its neighbour which is japan and korea seem to be crypto friendly. I'm kind of baffled actually to see that such news regarding china to accelerates blockchain implementation could affect the crypto market that much. However if we're talking about the biggest crypto market asia is indeed like taking the first initiative to be the most crypto friendly continent in the world. I've heard that singapore which is located in Asia is leading the emerges of crypto aswell.
sr. member
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October 28, 2019, 10:01:33 PM
Yeah, I think so, Regulations on Asia are not that strict about crypto In fact they are slowly adopting it. Especially in Japan, China, and other neighbor countries. Asia has big population so it has a big market. I think China is on the lead now here in Asia taking a big move to tokenize their national currency maybe will launch sooner than libra.
If China will lead it's way towards crypto market assuming that they are intended to be use globally with concept that favors crypto users or if in anyhow they will embrace Bitcoin itself, such populations will speak to themselves. But still not clear upon their stand regarding to crypto projects, still needed to have more adoptions and integration with businesses all over Asian nation's. Good example is how Singapore create business who accept Bitcoin as payment options, more established to do like this will be the turning point for crypto to be more wider from this scope of businesses inside Asian countries.
member
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October 28, 2019, 09:53:47 PM
The first one I agree with you is that Asia is the biggest market for cryptocurrency. And the second thing I do not agree with you, you say that crypto is just an idea and there is no real action from it. As far as I know, there are many projects or businesses with crypto as one of the main payments, and that is proof that crypto has become a real innovation.
full member
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October 28, 2019, 07:56:49 PM
Yeah, I think so, Regulations on Asia are not that strict about crypto In fact they are slowly adopting it. Especially in Japan, China, and other neighbor countries. Asia has big population so it has a big market. I think China is on the lead now here in Asia taking a big move to tokenize their national currency maybe will launch sooner than libra.
full member
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October 28, 2019, 07:53:59 PM
I also believe that Asia will be the top crypto market in the future. But even then i think that they would still remain users instead of the pioneers. I mean the most popular cryptocurriencies will still have their origin but will have most of the users from Asia because of the lot of population.
sr. member
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October 28, 2019, 07:49:23 PM
Asia is currently leading the cryptocurrency markets, but at the same time, most of the scams and hacks have targeted the users from this region. Almost all of the exchange hacks have targeted cryptocurrency exchanges from Asia. Also, some of the biggest scams (such as the PLUS token scam, which stole more than $3 billion) had their origins in Asia.

Asia is a huge potential for the crypto market, and it must be admitted that the biggest problem of crypto is scam projects, hacks and more, if this continues to happen then investors are afraid to place their money and certainly make crypto die.
hero member
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October 28, 2019, 06:30:48 PM
maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
While the population number is important the most important number is how big the economies of those countries really are and while there are very strong countries economically speaking in Asia the most powerful countries are still in Europe and America, I really think that as soon as some countries begin to fully adopt cryptocurrencies the rest will have to follow as well or they could find themselves in a bad position in the future as those countries become more powerful thanks to the economic development cryptocurrencies will bring.

It may seem those days are far away but if the economies of the world begin to have some issues I can assure you they will do everything to change that and if that means adopting cryptocurrencies then they will do it.
sr. member
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October 28, 2019, 04:36:40 PM
Asia is currently leading the cryptocurrency markets, but at the same time, most of the scams and hacks have targeted the users from this region. Almost all of the exchange hacks have targeted cryptocurrency exchanges from Asia. Also, some of the biggest scams (such as the PLUS token scam, which stole more than $3 billion) had their origins in Asia.

Asia and United States of America are the biggest players in cryptocurrency and yet they criticise and scrutinise it the most. They understand the importance of the Blockchain technology and the key role crypto plays in revolutionising the financial world. I am glad China has owned up to it and released plans to develop one for its own.
sr. member
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October 28, 2019, 04:03:23 PM
I agree with that view. If you accept Russia as one of the Asian countries, things change even more. Although, according to some experts, Russia is considered a European country.
But I find the value Asian countries give to blockchain more valuable. Especially China, South Korea, Singapore and many other countries invest in blockchain and care about blockchain.
For the world to break the dominance of the dollar, it is essential that Asian countries make such strides.
Breaking down the dominance of dollar is really a tough task, it has gone out of hands. Now if the dollar dominance is shattered through some means, soon they'll get to take control and over come. For this they will go even to any extreme of war.

Now Asian countries are highly progressing in all the industry. Now blockchain has got added, as Asia has got countries with increased population it is easy to top the market if people gets aware of the technology.
sr. member
Activity: 951
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October 28, 2019, 03:57:49 PM
I agree with that view. If you accept Russia as one of the Asian countries, things change even more. Although, according to some experts, Russia is considered a European country.
But I find the value Asian countries give to blockchain more valuable. Especially China, South Korea, Singapore and many other countries invest in blockchain and care about blockchain.
For the world to break the dominance of the dollar, it is essential that Asian countries make such strides.
member
Activity: 658
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October 28, 2019, 01:33:50 PM
Asia might have great potential, but as long as several large countries in Asia haven't legalized crypto, I think it's useless. China, Indonesia and several other countries have not yet given full permission for the use of crypto. if those countries make regulations to legalize bitcoin and altcoin I'm very sure that asia will be the biggest market and nobody will beat it.
sr. member
Activity: 784
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October 28, 2019, 01:19:23 PM
Asia is very enthusiastic in welcoming the crypto presence. Even though Asia is very small compared to other continents, Asia's population is very large, and also Asian countries have sufficient internet, so many people know about cryptocurrency. and also reportedly Bicoin was born in an Asian country, so that more and more people know about it. I don't really understand the origin of investors / popes. but certainly yesterday's incident investors from China arrived.
full member
Activity: 664
Merit: 100
October 28, 2019, 01:00:45 PM
maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

I do not agree with the largest market, because there are still some countries in Asia that have not legalized crypto, because it has not been regulated in that country, and there are also some countries that consider cryptocurrency as an investment not as a transaction tool.
sr. member
Activity: 1372
Merit: 275
October 28, 2019, 10:48:26 AM
Asia, especially China, is indeed a potential market for crypto. Many investors come from there, and Asian countries are quite friendly with Crypto. Japan, South Korea and Singapore are quite friendly with the crypto community. and recently Chinese president Xi Jinping, during a speech said that the blockchain is an important technology for technological progress. and I think that's an implied statement that he's enthusiastic about blockchain and crypto.
Sentiment from China is enough to make price movements from bitcoin yesterday. Regarding developments in Asia, it can already be seen that there are so many Project developments. which I can see specifically for my country at this time so many Exchanges are developing in my country and that means that in Asia it is indeed quite strategic for development. Plus regarding regulations several countries have already given a stand. among Agree when before still not giving an answer
full member
Activity: 1024
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October 28, 2019, 10:10:39 AM
Asia, especially China, is indeed a potential market for crypto. Many investors come from there, and Asian countries are quite friendly with Crypto. Japan, South Korea and Singapore are quite friendly with the crypto community. and recently Chinese president Xi Jinping, during a speech said that the blockchain is an important technology for technological progress. and I think that's an implied statement that he's enthusiastic about blockchain and crypto.
legendary
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October 28, 2019, 09:48:55 AM
Regulation remains an obstacle to make crypto more developed and can be used as well
applied in the real world. Even so, the regulations in each country are different. Very important when you choose the project that you want to invest. Existing projects that are implemented with blockchain technology and project designs will be useful someday. For example, there are projects that develop in the agricultural sector, waste management industry and many others. Projects like that that will be useful someday and need support.
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