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bitbunnny

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Quote from: U2 on April 13, 2017, 10:29:31 PM

India and China could have a huge impact because of their massive population. If 1% of people there adopted bitcoins and had $100 worth of bitcoins that would be 2.5billion invested into bitcoins. 2% of the population invests $100 each? Double that. They invest $200? Double it again. This could be massive for price rises.

That is true, but the question is how to people there get familiar with Bitcoins and educate them about it? Many there are already using it but in these countries there are vast areas where people are poor, without education and without access to modern technologies, including Bitcoin. Something should be done about that.

Labumi

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I'm sure if this is now Japan is a country that has great potential in the use or legalize bitcoin transactions as a tool, as I've heard and read from multiple sources if on the trial manufacture of the laws of the shrimp or the like, the Japanese appreciate and have full concentration towards bitcoin. indeed China and india is also a country that most of the users, but for anything bitcoin legal 2 those countries might be left out of Japan. Just look at the progress of the bitcoin, because the most important is bitcoin emerged as the solution and deliver better profits than ever before

SvenBomvolen

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The link doesn't work or maybe it doesn't work only in my country (such things happen oftern in Russia). But I would like to know how all this countries set the price for bitcoin. Can anybody share some other link, please?

Juggy777

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Quote from: s31joemhar on April 13, 2017, 10:40:26 AM

The Big Three: How China, India, Japan Set Pace For Bitcoin
Recent behavior of Bitcoin reveals that developmental events around certain nations make huge impacts on the cryptocurrency.

THIS IS THE LINK
https://cointelegraph.com/news/the-big-three-how-china-india-japan-set-pace-for-bitcoin

While we all knew that China was playing an important role in Bitcoin prices, it was last year event that took the every one by surprised. It was when India's prime minister announced roll back of 500 and 1000 notes, the Bitcoins price spiked through the roof. Which settled in a while and China banned exchanges which again set the Bitcoin prices up and now Japan passing the bill has changed the face of Bitcoins forever. While it's true that Asian countries have been instrumental let's not forget that Russia will be making a bill to next year and I feel now western countries like ours shall make effect to Bitcoins.

Xester

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Quote from: staceyoh on April 13, 2017, 05:38:33 PM

Many countries like China, Japan
and India are now accepting bitcoin
and because of this, it will be a big help
in the progress of bitcoin.

These two countries are what holding the value of bitcoin to not experience a meltdown. Bitcoin dumps are still occurring and it is Indonesia and Japans demand for bitcoin that is holding the price to go up. We can expect another increase the price of bitcoin if finally Russia will legalize and adopt bitcoin in their area. Possibly if that happens we can expect an increase going up to 2k $ this year.

phr0stbyt3

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Quote from: amacar2 on April 13, 2017, 12:11:34 PM

Quote from: s31joemhar on April 13, 2017, 10:40:26 AM

The Big Three: How China, India, Japan Set Pace For Bitcoin

India = Bitcoin is booming but few corrupt politician is trying to ban bitcoin calling it a ponzi scam. Grin

Come on you can't blame the politicians for this as bitcoin was the only way for some people to convert there black money to white. The only thing government wants to do is chsrge tax from bitcoin holders. But it seems totally impossible with it's structure , so that is actual reason for it ban.

iamTom123

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Quote from: joshy23 on April 13, 2017, 11:18:51 AM

With Japan jumping into the picture, Asia will be the new hub in terms of bitcoin market and trading volume as well. I hope a lot of Fintech startup will also begin in HongKong, Singapore and Philippines that will push bitcoin to scale even more in the future. A few more years and bitcoin mass adoption will happen specially in Asian markets.

That would be happening soon than we think. With a very monstrous population and with strong level of people who are into new financial technologies, I am definitely sure that the Asian market is the way to go for Bitcoin and other cryptocurrencies. China and Japan are of course leading players and great influencers as to the overall direction and value of Bitcoin. Now, we also have to add Russia to the picture. This is not counting the big and solid European market and maybe even the Middle East riches coming into the picture soon. The future is indeed rosy for Bitcoin and it can even be more beautiful if soon the whole Bitcoin community can have an acceptable and unified solutions to the problems Bitcoin is now facing.

Amph

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well chian and india isn't that new, they were into bitcoin since many years, china especially was always big as it get, india grow a bit recently because of their government banning their bigger note

and japan is the real deal here, with the last regulamentation, this country is leading the future of bitcoin adoption, japan was always a pioneer and eventually will force other country to follow

CraigWrightBTC

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Quote from: davidmccoy on April 13, 2017, 10:47:58 AM

Good to see Bitcoin penetrating the Asian markets.

Yes, it is good news bitcoin start be adopted by asian markets and growing to other place,
usually if there are good news about bitcoin the price will be increasing
we can see on the exchangers bitcoin's price is increasing right now, i think it is because of good news.

noictib

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Quote from: s31joemhar on April 13, 2017, 10:40:26 AM

The Big Three: How China, India, Japan Set Pace For Bitcoin
Recent behavior of Bitcoin reveals that developmental events around certain nations make huge impacts on the cryptocurrency.

THIS IS THE LINK
https://cointelegraph.com/news/the-big-three-how-china-india-japan-set-pace-for-bitcoin

This news only show the current condition in the three country with bitcoin it doesn't showing any good thing that we can make us min d relax ,. Special I was looking to see the news that bitcoin is legally accepted by the Indian government by taking the inspiration from the Japan government , who accepted the bitcoin officially and allows the use of bitcoin legally as an payment system .
Well here is a news that I heard last day , Indian government is making studying about bitcoin and cryptocurrency and checking Thier current status that how much they are useful and how much are Risky to have , hopefully they will give new rules and regulations for the use of virtual currency within three months .

zeze18

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along with the rapid development of bitcoin not only from European countries who popularized bitcoin,
asia also represent a significant portion of the world population in enhancing the development of bitcoin

ololajulo

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The beautiful things about Asia and bitcoin,is what the population can influence. They actively accept technology and engage it.you will so wonder how many Americans and Britons that have never heard of bitcoin and its use

QuestionAuthority

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Quote from: s31joemhar on April 13, 2017, 10:40:26 AM

The Big Three: How China, India, Japan Set Pace For Bitcoin
Recent behavior of Bitcoin reveals that developmental events around certain nations make huge impacts on the cryptocurrency.

THIS IS THE LINK
https://cointelegraph.com/news/the-big-three-how-china-india-japan-set-pace-for-bitcoin

Yes, I'm especially pleased that India is driving the bitcoin market.

Can I haz some bitcoinz

U2

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I used to be indecisive, but now I'm not sure...

India and China could have a huge impact because of their massive population. If 1% of people there adopted bitcoins and had $100 worth of bitcoins that would be 2.5billion invested into bitcoins. 2% of the population invests $100 each? Double that. They invest $200? Double it again. This could be massive for price rises.

Leonard2016

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Quote from: amacar2 on April 13, 2017, 12:11:34 PM

China = have most of the bitcoin miners and hardware manufacturer.

not only that but also from early days Chinese have been big investors in bitcoin. even when their exchanges closed down they never stopped investing in bitcoin and they are still buying bitcoin specially since it is cheap right now. and nobody could stop them.

Quote

India = Bitcoin is booming but few corrupt politician is trying to ban bitcoin calling it a ponzi scam. Grin

politicians always say these things, it is their jobs to say these things

and it has happened in all the countries. every single one of them has said something about banning bitcoin or at least showed some concerns about it and it is perfectly understandable.

Quote

Japan = Have recently legalized bitcoin which is very good news.

try huge news.
the magnitude of this news is not yet felt by many. it is a LEGAL CURRENCY there!

mylabs01

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Quote from: davidmccoy on April 13, 2017, 10:47:58 AM

Good to see Bitcoin penetrating the Asian markets.

absolutely correct! and im proud to be an asian.

Quote from: hankyulpark on April 13, 2017, 12:20:36 PM

This will increase the interest in the Asia market. Several companies could start to develop apps using blockchain tech associated or not with BTC. It is good news for all cryptocurrencies. The one that suits best to the need of the developer will take advantage. I hope we see an overall uptrend in prices in the next months.

this will precisely have an impact to the uptrend for the following weeks or months. it just shows that bitcoin is more and more getting across through out asian. hope more countries will or asian markets follow these.

Wandering Soul~

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Wolf

Quote from: megynacuna on April 13, 2017, 02:36:57 PM

Quote from: piloder on April 13, 2017, 01:55:29 PM

Most of the asian countries still lack proper regulatory body and bitcoin is still completely new thing for majority of people and even for government. Recent example is a statement from an Indian politician who claims bitcoin as ponzi/scam scheme.

Bitcoin/blockchain related development is booming but level of knowledge on bitcoin is almost zero in majority of asian countries excluding japan and china.

I agree with everything you said except the last paragraph, that majority of Asian countries have almost zero knowledge in Bitcoin. I find it difficult to agree because I know of Philippines, Pakistan, UAE, South Korea , Singapore among others who are well involved in Bitcoin and having Bitcoin ATM's. But even if it is true , do we necessarily need only Asian countries to be a part of Bitcoin for it to prosper? What about the other continents and the rest if the world?

No, We need as many as possible on this. Bitcoin should not be limited to asian countries only . The bottomline on the article is Asian countries made the first move and hopefully others will also follow . We can't deny the popularity of it in asian countries that's why bitcoin ATM and exchanges solely for them has been established on some asian countries . Maybe they don't have a full understanding but many of them have the basic gist of things .

staceyoh

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Many countries like China, Japan
and India are now accepting bitcoin
and because of this, it will be a big help
in the progress of bitcoin.

freebutcaged

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I bet if SW was a trojan horse from banksters or government related private sector in financial area they could easily throw a couple hundred millions to increase their hash power and then activating SW for good, but that's what bitmain wants us to believe so they can keep mining with maximum speed while taking the network as hostage to manipulate fees and control the supply for more profit.
They want you to think blockstream is evil so they again keep mining bitcoin so they can accumulate to control the future markets.

Creepings

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India, China and Japan, now implementing the acceptance of bitcoin in their ccountry. It is a very good news, making the virtual currency to be successful. Acceptance of bitcoin in every country is inevitable because of it's good characteristecs that every user will really want especially it's freedom. I hope other countries do the same thing, it will really place a huge impact on bitcoin and many other altcoins.

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