Asia can be the biggest crypto market - page 7.

xiboothrezi

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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.

Actually the use of cryptocurrency in the real world has been applied, but only in certain communities, it has not yet reached a global scale. Of course, this is related to issues of legality and effectiveness. That is why, in some countries, cryptocurrency is only permitted to be used as an investment and commodity trading tool. Of course, this regulation can change, there are still many possibilities that can happen, even that we never thought before because it is still the initial stage of cryptocurrency development.

Quote from: jets567 on October 24, 2019, 09:00:30 AM

snip--
Reasons why Asia will lead the crypto market:

Cryptocurrency Mining Is Now Largely Asian-Dominated
Staking is Also Largely Asian-Dominated
New Exchanges Are Mostly from Asia
Singapore Leads the World in ICO and IEO Issuance
Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

The development of cryptocurrency in Asia is quite good. The facts above prove enough. As an Asian citizen for some reason I'm quite proud of it: D
Other than that, there are several potential exchanges such as Huobi, Okex, Indodax which are the target of trade.

enhu

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Its not true that there are no real use of the crypto, there are projects that we can actually see how their tokens can be used to purchase products. The only problem is that there is not many of the people in crypto are buying the products since mostly are seeing these tokens to b an investment not for the purpose of buying services. Its the same situation with BTC, whle the rest of us are using it to buy products and services probably more than half of the community are not spending BTC but saving it for profit.

ufaiz50

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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?

You are right there are many crypto communities in Asia, because supported by adequate equipment, China has the highest number of miners. Japan also provides support for alternative cryptocurrency payments. and several other Asian countries do not prohibit cryptocurrency (bitcoin) except China.

There is no real use that can really be applied to crypto? That's because its value is getting higher, many users in Asia especially view bitcoin as an investment asset. In my opinion regulations are not burdensome unless there must be identity information for transaction security. Maybe an alternative payment other than bitcoin like USDT (stablecoin) has to be doing.

Caishen_Project

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Well you are definitely right, my first time of knowing or hearing about crypto was from a Chinese friend, when he mentioned bitcoin to me that I should read about it, everything sounds like magic to me until I take my time to study about it. Asians are the highest crypto currency user's to me

wildey

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Quote from: Golftech on October 24, 2019, 09:05:06 AM

Quote from: jets567 on October 24, 2019, 09:00:30 AM

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

Cryptocurrency Mining Is Now Largely Asian-Dominated
Staking is Also Largely Asian-Dominated
New Exchanges Are Mostly from Asia
Singapore Leads the World in ICO and IEO Issuance
Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.

I did not realize that so many exchangers are quite well known and I often use them from Asia such as Digifinex, BW, Okex, binance and others. however, Asia is good enough for the cryptocurrency marketplace, and even in my country, the exchanger has a license, well for crypto users like me, that's quite a relief.

I don't know if Asia can be the biggest marketplace (I hope it can), but I know that other continents also have considerable potential in this regard. wherever that is, I think it will be a good advantage for cryptocurrency users.

GideonGono

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I think isn't about investment, you take Japan as an example where bitcoin can be use a lot of things such that online market that can be use as cashless to pay. Although asians are conservative people and traditional I think they are open to talk about cryptocurrency. Cryptocurrency has a potential in the asian market than american who are a quite sensitive going up to banning their citizen to join bounty campaigns.

imstillthebest

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Quote from: ?? on ??

Asian country In my opinion is more friendly to cryptocurrencies, While there are still restrictions, i think the The restrictions is not very strict which makes users can still use cryptocurrencies Freely. And there is no law for users of cryptocurrencies can be imprisoned If used. This makes it possible to make Asia the largest cryptocurrencies market.

not really . im not sure if you heard about the china issue lately ? where they ban some crypto and also the crypto mining . china is one of the large country in asia and on the whole continent/country as well but like what you said , people still use crypto again because the ban on china latey was lifted and now they are still back on business again . about the law , there is a law on some countries including imprisonment and others but that if their government stated it .

X-ray

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Quote from: Golftech on October 24, 2019, 09:05:06 AM

Quote from: jets567 on October 24, 2019, 09:00:30 AM

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

Cryptocurrency Mining Is Now Largely Asian-Dominated
Staking is Also Largely Asian-Dominated
New Exchanges Are Mostly from Asia
Singapore Leads the World in ICO and IEO Issuance
Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.

it is just such unfortunate that majority of asian country have quite low capitalization compared to western countries. Despite the massive amount of people living there the wages are quite low and therefore will only drive a low capitalization. as I've seen the market is still dominated by the capital from eastern asian and western countries overall. But, if in the future asian countries could strive to reaise its GDP per capita I'm pretty sure that it will be the biggest crypto market in the world. Even now asia has turned into a strategic market for startups.

nankers

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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.

I agree with you. not without reason I say this, because it is a fact that almost all Asian markets dominate the crypto trading volume.

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

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 don't think regulation is a major factor. when news emerged about the country of China which implemented very strict rules on cryptocurrency, this had no effect at all on the development of cryptocurrency in Asia. I feel that the main factor is the lack of trust among European and American investors in Asian projects and markets

Golftech

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Quote from: jets567 on October 24, 2019, 09:00:30 AM

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

Cryptocurrency Mining Is Now Largely Asian-Dominated
Staking is Also Largely Asian-Dominated
New Exchanges Are Mostly from Asia
Singapore Leads the World in ICO and IEO Issuance
Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.

jets567

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The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

Cryptocurrency Mining Is Now Largely Asian-Dominated
Staking is Also Largely Asian-Dominated
New Exchanges Are Mostly from Asia
Singapore Leads the World in ICO and IEO Issuance
Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

tenakha

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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?

PundiX can be a project that you are looking for. Most of the team member is Asian and the goal of the project is to create a payment system that can be used around the world. Indeed, there are big projects created by Asians, just look more carefully. Or are you waiting for governments movement? If that is what you want, it is still too early. As the mass adoption proceeds, everything will spontaneously be as it should be.

puertorikosena

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I think that in fact, some cryptocurrencies and the blockchain technology itself have great prospects and this is the future. If we talk about the application of these technologies now, then they are still not widely used, but this is only a matter of time. The system does not like changes and actively resists.

cudora

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India and Japan are very active on blockchain market. Japan banks made an agreement with Ripple and I do not know when they will start operating with crypto, but this will give a huge boost to the whole industry.

toast

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Quote from: trauchot on October 24, 2019, 06:06:36 AM

It’s quite true, for how many years I have been studying Asian cryptocurrency markets and I understand that it is in Asia that the largest number of investors who invest in cryptocurrency and most importantly that a lot of Asian countries want to work and cooperate with cryptocurrencies and cryptocurrency technologies, so I often invest in cryptocurrency companies located in Asia and where the team itself is also mainly from Asia.

Asia has always been a place of investment for economic progress and many investors have succeeded in investing in Asian countries, as well as investing in crypto and altcoin will develop in Asia, but in my country the development of cryptocurrency is slowing down a bit and late and the government in my country is still has not fully recognized crypto as a valid currency

masterrex

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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 think thats wrong notion, I still believe that the regulatory issues was the biggest challenges of the cryptocurrency industry elsewhere, Because you cant apply decentralized finance on the centralized government finance and Banking system thats contradicting and opposite in direction thats why it needs to be balance first, But some countries are already created a unique regulatory guidance that allowed cryptocurrency to thrive for example the Philippines the government has not forbid its citizen to invest in crypto trading even some centralized banking system has own already a cryptocurrency ATM's, including a cryptocurrency stablecoin back with local currency. I think majority in Asian countries is now open to accept cryptocurrency except both china, India and some middle eastern countries, that always changing there minds.

Landak

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The reality now is true that Asia is the biggest crypto market, anything related to technology is definitely more easily accepted in every country in Asia, it's just that bitcoin regulation as a means of payment is indeed more difficult to be accepted by the government (except Japan which is already legal). and if i am not wrong, several countries in Europe are also already partly legal for the use of crypto currencies.

upyem2k

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You said most of it all. Asia is the most populous world continent and the level of illiteracy is a bit low. This is where the easy access to the internet makes them easily get knowledge of blockchain technology and what it represents.

Dart18

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True. I do agree with you.

Mostly populated by now and merchants could make a lot of money if given a chance to give consumers an option to use bitcoin instead as means of payment.
India, Indonesia, Philippines and other countries there specially Japan which already made a big leap into making bitcoin as a legal means of payment.
If only the government will support it then it will not be a problem. Merchants will have an easy way of making fast transactions.

alexsandria

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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 is where the most of the under developed countries came from. Usually Western Countries are fully developed and independent they can stand alone. That is why they usually or rather don't accept bitcoins 'cause those countries don't want other factors affect their economic situation. On the other hand, Asians although there are some who banned crypto usually those are in the progress and fully developed countries, but most of them are on the state of regulation itself specially those who are under developed that is why the crypto market are big around Asia.

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