Bitcoin is Trending on China | Bitcointalksearch.org

electronicash

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Quote from: Ausgewielt on May 01, 2021, 04:00:37 AM

I think that's a good thing, but it's not something special. Here in my country many social media business account talk about bitcoin and it seems that many countries are more familiar with bitcoin. Although China has big number of population but bitcoin is currently used by many more people across the world. I think the effect that china can give to bitcoin is not significant.

it's going to be significant because by allowing people to invest in BTC, they might also allow people to mine BTC as well which we all know they previously were regulating and busting bitcoin mining farms. when they do allow them, more virgin coins will only be created in China which the government and the institutions based in China may even buy from these mining farms. they could dominate, corner and control the market

Rehan Zakir

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Yes! you are saying right. Bitcoin is now the most popular currency in the world. The biggest number of Bitcoin miner in China. World is understanding the technology and importance of Bitcoin that is why every county is buying Bitcoin. This positive thing indicates that bitcoin becomes very expensive in future.

Ausgewielt

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I think that's a good thing, but it's not something special. Here in my country many social media business account talk about bitcoin and it seems that many countries are more familiar with bitcoin. Although China has big number of population but bitcoin is currently used by many more people across the world. I think the effect that china can give to bitcoin is not significant.

mrongoz22

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The price of bitcoin is trending in china, yes obviously because bitcoin seems to have become mainstream in the financial world and has gained interest from institutional investors, the Chinese government realizes that it is a viable and well-established asset class, but is growing, and needs to regulate, china is regulating crypto will be another big boost for the industry in china globally ..

MrcMrc

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Quote from: Hasan905 on April 28, 2021, 04:38:15 AM

As far as i knew from online that china government is not promoting or accepting any kind of crypto currency in their country as tradable or investment option. . As they have the biggest digital payment systems they are about to go with their own digital currency...

Quote from: ?? on ??

Bitcoin adoption is gaining great stand-in China as I read in the news recently where the china central bank approved Bitcoin and other stable coins to be recognized as an investment option.

Can i have the link of this article that you mentioned here?

Hello here is the link to the china central bank approval of bitcoin and crypto currencies as an investment choice,

Bitcoin has gained a significant milestone in this year 2021 as company’s and big individuals buying into bitcoin and other altcoins.
Link
https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html

Woodie

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I remember those days when bitcoin ALWAYS reacted to what China did in relation to crypto, if it was miners or exchanges been affected prices reacted to that, if it was the Chinese new year prices were mostly bullish it's great to see bitcoin has an antidote to this and behaving less volatile.

I just hope bitcoin is trending for the right reasons in China

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Jordi129

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Bitcoin is sticking like a sore thumb in the market right now. China notices it right away since their mode of transactions made up mof mostly virtual paying. News such as price pump and dump always create a kind of media attention which resulted in a massive discussion. I do not know if you have heard about the bitcoin halving, This will be another thing that will create and generate massive media attention this year. I believe this is good for bitcoin because at least people get the chance of sharing their own thought on bitcoin again and again.

Taskford

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Quote from: imstillthebest on April 28, 2021, 07:37:43 AM

Quote from: ?? on ??

Quote from: KryptoKings on April 28, 2021, 04:58:33 AM

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.

yes, I agree and it is true, the country of China is famous for the progress that is developed to do mining in a big way and has been recognized by the world, everyone knows that

btc is not new in china but every person on this country are not tired to celebrate btc happenings and this makes them trending but countries where btc is recently accepted didnt know how to appreciate btc well because i rarely see them make an event same as china were doing .
i will be gald if every country compete if who will be in the top trend when it comes to usage of bitcoin .

They have the biggest hash rate so expect them to have a big exposure for bitcoin, althougg we want this to happen on every country but we need to see some good progress in adoption. But I believe soon we will see bitcoin legally rotate around the globe as I see so many merchants now are slowly adopting bitcoin for good usage.

hazenyc

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Quote from: imstillthebest on April 28, 2021, 07:37:43 AM

Quote from: ?? on ??

Quote from: KryptoKings on April 28, 2021, 04:58:33 AM

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.

yes, I agree and it is true, the country of China is famous for the progress that is developed to do mining in a big way and has been recognized by the world, everyone knows that

btc is not new in china but every person on this country are not tired to celebrate btc happenings and this makes them trending but countries where btc is recently accepted didnt know how to appreciate btc well because i rarely see them make an event same as china were doing .
i will be gald if every country compete if who will be in the top trend when it comes to usage of bitcoin .

This is a complicated topic as China is many things like in every country. There is the government that doesn't want Bitcoin but rather a state managed digital currency. Then there is the Chinese people who want Bitcoin and other coins. The Chinese government won't go easy on Bitcoin. They have never had an easy stance on it and I don't think they will ever unless they aren't able to resist the demands of their population. Those will be interesting developments to watch out for.

imstillthebest

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Quote from: ?? on ??

Quote from: KryptoKings on April 28, 2021, 04:58:33 AM

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.

yes, I agree and it is true, the country of China is famous for the progress that is developed to do mining in a big way and has been recognized by the world, everyone knows that

btc is not new in china but every person on this country are not tired to celebrate btc happenings and this makes them trending but countries where btc is recently accepted didnt know how to appreciate btc well because i rarely see them make an event same as china were doing .
i will be gald if every country compete if who will be in the top trend when it comes to usage of bitcoin .

KryptoKings

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Quote from: Hasan905 on April 28, 2021, 04:38:15 AM

As far as i knew from online that china government is not promoting or accepting any kind of crypto currency in their country as tradable or investment option. . As they have the biggest digital payment systems they are about to go with their own digital currency...

Quote from: ?? on ??

Bitcoin adoption is gaining great stand-in China as I read in the news recently where the china central bank approved Bitcoin and other stable coins to be recognized as an investment option.

Can i have the link of this article that you mentioned here?

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.
I am hoping that with Crypto Yuan, btc and other Alts will attract more and more Chinese into crypto space.

FairUser

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I don't care much about the veracity of this information, whether it is true or false I think it doesn't matter in the current market. From the beginning of the bull run I have seen many fuds, but what we are seeing will reflect the fact that fud is nonsense the market is still going up.

Hasan905

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As far as i knew from online that china government is not promoting or accepting any kind of crypto currency in their country as tradable or investment option. . As they have the biggest digital payment systems they are about to go with their own digital currency...

Quote from: ?? on ??

Bitcoin adoption is gaining great stand-in China as I read in the news recently where the china central bank approved Bitcoin and other stable coins to be recognized as an investment option.

Can i have the link of this article that you mentioned here?

Alucard1

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Its not surprising that bitcoin is trending in China because most of the countries are now into the crypto world, they now see the benefits of having bitcoin, a lot of countries now are now engaging with cryptocurrency especially with bitcoin, that is how good bitcoin now, as bitcoin price keeps on rising, it really gives a big noise to a lot of countries which makes bitcoin being hyped. A lot of companies as well are doing great for investing in bitcoin. We might see mass adoption for bitcoin because of things that happen like this.

btc78

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Quote from: Asuspawer09 on February 10, 2020, 12:10:03 PM

Nothing special, Bitcoin just trending once again in China since the Bitcoin Price broke past 10,000$.

One of the biggest social platforms in China, Weibo a microblogging website has the cryptocurrency bitcoin on its 4th hottest topic.
Looks like the world has its eyes on bitcoin since the market is getting hype again.

Reference:
https://twitter.com/molllliy/status/1226379077923160065?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1226379077923160065&ref_url=https%3A%2F%2Fbeincrypto.com%2Fbitcoin-trending-china-breaks-past-10000%2F&fbclid=IwAR20_kIk291O5PQJcSCooydusOOUxLmgwJspV8EETmTxD_pRUi0UuNL5W9I

China doesnt seems to like bitcoin in the past years....What are your thoughts about this?

And after 1 month since posting this? Bitcoin becomes trending in the whole world and not only chine right?
Because Bitcoin dumps to the lowest price ever happen for years since the Covid Virus disturb the whole world.

And again Bitcoin is trending in China as they are Banning the Mining in provinces from their territory ..

But yeah this is nothing because it will fade sooner and Bitcoin now is climbing high once again.

wack slacker

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China is a country that has been in the cryptocurrency market for many years. They actively exchange cryptocurrencies, mine cryptocurrencies, and create projects.I am not surprised that Bitcoin is mentioned in the Chinese community, maybe they mentioned it because of the government's control of social media.

cydrix

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Any country would probably have seen this value and some countries are still speculating the volatility of Bitcoin. Not only China but I think anyone with the right kind of mind would notice some big changes over these past months and it is no easy feat. Bitcoin is sticking like a sore thumb in the market right now. China notices it right away since their mode of transactions made up mof mostly virtual paying so it might have interested them to put up with it.

Gamerholic

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All the advanced powers, and especially China, which plays a big role in the blockchain, monitor, participate and develop the infrastructure within themselves. Many large national and multinational companies are considering or are already connecting payments to Bitcoin. I think this trend will only gain momentum and by the end of the year, provided that there are no serious shocks for the cryptocurrency in the world, it will become a stable trend. Every company will strive to have this option for their customers. It will be an indicator of modernity and forward thinking.

ropyu1978

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Not only in China, I think bitcoin is also trending in several other countries, the Chinese government made a mistake in 2017 because it banned bitcoin, I think whether there is China or not it doesn't affect bitcoin at all, because I believe bitcoin will grow and will. keep growing ..

alexsandria

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It is natural that the bitcoin may cause the trend on the China and it is simply because of the reason that people are getting talk about bitcoin which is getting hyped today in which bitcoin is currently pumping up so it is already a reason why bitcoin is becoming a trend on china also because of what will happen on the bitcoin halving week so that the bitcoin price is getting high and pping up to the fullest. That should be the main reason why bitcoin is being trending on China.

Topic: Bitcoin is Trending on China (Read 420 times)