Asia can be the biggest crypto market - page 6.

Colt81

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Quote from: Nivia1st on October 23, 2019, 10:18:53 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 am from the continent of Asia. Anyways, Here in Asia there is a huge population of crypto users or people who invest their money in cryptocurrency, that is why Asia could be the biggest market for crypto. Also, most countries in Asia are educated and has technologies that they could used in cryptocurrency, and just like you have said continent unlike Africa they have troubles in getting internet connection and most of them don't have enough technologies to used in cryptocurrency.

Shasha80

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In Asia, cryptocurrency is very popular, so the largest cryptocurrency community is in the Asian country. many prohibit cryptocurrency
related by goverment, so the development of cryptocurrency is less rapid. Moreover, there are many of the largest and most popular
exchanges many of asia in other words asia is the biggest crypto market. Asian people are very enthusiastic about cryptocurrency.
So In the future, I hope that Bitcoin will be accepted globally starting from the Asian countries that legalize it. Hopefully bitcoin
can become a recognized payment instrument in the world.

pamsugas

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Quote from: Rampagoe004 on October 25, 2019, 07:47:43 AM

I totally agree as you said, Asia is a continent with very high density of crypto users, especially since internet networks are everywhere and we can see a lot of excharges that are present in Asia, so it is very sure that Asia is a user crypto is quite large, although the United States today is a developed country, but in the world of crypto in Asia more superior.

You are right, but many Asian countries have banned the existence of bitcoin like China which is very hard to forbid its citizens to touch bitcoin, then India is also like that because many people in India misuse bitcoin such as money laundering, terrorist funding etc.

Rampagoe004

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I totally agree as you said, Asia is a continent with very high density of crypto users, especially since internet networks are everywhere and we can see a lot of excharges that are present in Asia, so it is very sure that Asia is a user crypto is quite large, although the United States today is a developed country, but in the world of crypto in Asia more superior.

jsizar

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And China has started to a lot of things for this. In general, crypto adoption in asia is much better than other regions

Upgate

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Is it already a reasonable argument to say Asia is already the biggest cryptocurrency market their huge population gives them a massive edge over other continent but they still have challenges with ban, religious beliefs and localism

strunberg

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Quote from: Zeke_23 on October 25, 2019, 05:14:41 AM

Quote from: comchien on October 25, 2019, 04:36:48 AM

Yes I totally agree with your opinion, in the longer term in the future, Asia will still be a place for cryptocurrencies to grow, most people who care about cryptocurrencies are only investing, a very few only the technology will be concerned. Later regulations will probably be better established for this electronics market and may make it more stable and developed.

Once these popular countries will start to accept crypto; then, Asia will actually the biggest cypto market. If this will happen, this will also give an influence to other countries to expand the market range. This will give a huge changes in the msrket especially on its price.

at this moment asia already the bigggest cryptocurrency market.if we top crypto exchanges all them come from asia.we can look at binance,huobi, gate io and many other.market power still dominate by china and korean.so when adoption coming and started , this countries and ofher asian will totally support .there are many compnies and online merchants will accept it.

Obito

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Quote from: Nivia1st on October 23, 2019, 10:18:53 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 just think of one thing and is that Bitcoin was created from Asia, and by an asian just assuming from the name itself because it sounds like a Japanese though. Besides, non-Asian countries are quite advance, and developed nonetheless, they are not in need of boost for economic growth such as accepting crypto because they looking towards crypto as an enemy in their economy progress, it might possibly affect them which is I think are far away that could possibly happened.

Zeke_23

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Quote from: comchien on October 25, 2019, 04:36:48 AM

Yes I totally agree with your opinion, in the longer term in the future, Asia will still be a place for cryptocurrencies to grow, most people who care about cryptocurrencies are only investing, a very few only the technology will be concerned. Later regulations will probably be better established for this electronics market and may make it more stable and developed.

Once these popular countries will start to accept crypto; then, Asia will actually the biggest cypto market. If this will happen, this will also give an influence to other countries to expand the market range. This will give a huge changes in the msrket especially on its price.

Hippocrypto

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Quote from: dimox on October 24, 2019, 05:14:35 PM

im sure people will hold their crypto now than pay something with their coin, especially bitcoin. bitcoin price is down, but many people hope and believe that someday it will rise and give profit to them, thats why they hold it.
sometime government will do what people want, it mean, when it good for their country they will do it, but we never know if bitcoin be currency and be payment method, so some govenment still make research for this situation

Some government of a certain counties, have no awareness on cryptocurrency that's why I understand their feeling about it. Once there's a proper way of introducing crypto for a specific country and they seem to see an improvement of economy, there it goes payment method will be diverted to digital currency. For now let's wait for further developments of crypto in asia, and as holders increasing numbers for sure we will be one of the top crypto patronizers.

comchien

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Yes I totally agree with your opinion, in the longer term in the future, Asia will still be a place for cryptocurrencies to grow, most people who care about cryptocurrencies are only investing, a very few only the technology will be concerned. Later regulations will probably be better established for this electronics market and may make it more stable and developed.

BlinkInDie

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A lot of big projects in Asia has emerged and it definitely is the biggest market to enter, especially if you're a project that is trying to raise funds. And I think the reason why is because of countries in Asia are more crypto-friendly compared to the west. They also have developed revolutionary projects that can disrupt existing systems, like a crypto streaming platform that can rival Twitch+Netflix because of crypto integration. Projects who are aiming to help adoption will surely attract more people in the market.

Quote

Asia can be the biggest crypto market?

It can be if Asia keeps evolving, Korea is catching up with the technology and are aiming for wide-spread adoption.

dimox

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im sure people will hold their crypto now than pay something with their coin, especially bitcoin. bitcoin price is down, but many people hope and believe that someday it will rise and give profit to them, thats why they hold it.
sometime government will do what people want, it mean, when it good for their country they will do it, but we never know if bitcoin be currency and be payment method, so some govenment still make research for this situation

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Quote from: Nivia1st on October 23, 2019, 10:18:53 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?

Those countries you mentioned were not crypto friendly,in China ban on ICO related things,in India banks restricted no legality on Indonesia yet so there are people but not much to influence the government to accept it as legal form of payment.Regulations can't change things for crypto users but for traders it greatly affects so we need to use cryptos more than trading it.

kravas86

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Yes, I think Asia can be deservedly called the flagship of the cryptocurrency industry. The only problem is that at the moment Asia can not affect the world economy. To date, the entire global sector of the economy belongs to the United States and in the near future it is unlikely that something will change. Here you can draw a parallel with cryptocurrencies (USA-BTC, Asia-altcoins)

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Quote from: Nivia1st on October 23, 2019, 10:18:53 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?

Being populous doesn't mean that the country will be the biggest user of crypto currency. Literacy rate and technological development are also the factors that matter when it comes to the usage of crypto currencies. A person who has little to no knowledge about how to use a modern computers like a phone or a laptop won't be able to use crypto currencies.
Are you sure there are no regulations currently? As far as I know, most of the Asian countries are actually against bitcoin.

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Quote from: Nivia1st on October 23, 2019, 10:18:53 PM

Asia can be the biggest crypto market?

I believe that in the future Asian will become the biggest home for cryptocurrency. Why is that? Because the most of Asian continent consists of developing countries, so it is very potential. But the problem now is regulation, even though cryptocurrency has grow big, but if it does not get support from the government, it will be useless, because we will never be able to use what we have built and developed so far.

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Quote from: Nivia1st on October 23, 2019, 10:18:53 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?

asia already is the biggest crypto market, of course, it can definitely growing much bigger

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Quote from: kidbounty on October 24, 2019, 02:33:20 PM

There are many crypto communities in Asia and several countries have also stated their support for crypto especially bitcoin. but the Main power in asia like china is currently still difficult to accept this technology. many current regulations are deterring mass adoption. that's why even though Asia is the most potential market but there has not been mass adoption there.

What kind of mass adoption do you mean? technology adoption or crypto user adoption? I think the adoption of technology has grown rapidly even many large companies have begun to develop their own cryptoqurrency like Facebook companies. and if the adoption of crypto I think has started a long time ago, precisely when the price of BTC was able to reach the highest price in cryptoqurrency history and from there began many newcomers who took part in it and I am sure that over time the adoption of crypto will continue to grow and increase in the future .

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There are many crypto communities in Asia and several countries have also stated their support for crypto especially bitcoin. but the Main power in asia like china is currently still difficult to accept this technology. many current regulations are deterring mass adoption. that's why even though Asia is the most potential market but there has not been mass adoption there.

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