Topic: BITCOIN NEWS TODAY - page 2. (Read 2122 times)
It is a good thing that Japan lead the campaign for Bitcoin adoption. China and India are quite cautious, author just take the possible positive effect of Bitcoin on the action of these two (India and China) in regulating Bitcoin. Though these two announcement obviously make bitcoin price to plummet. Until traders gets used to PBOC announcements. The one that have major positive effect is Japan.
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I find it strange that Asian countries has lead the bitcoin revolution. While other country has making a U-turn and turning its back on bitcoin. What do Asian see in bitcoin in the future, that other superpower nation did not? But I have to agree that indeed this is a very positive impact on the bitcoin ecosystem.
I find it strange that Asian countries has lead the bitcoin revolution. While other country has making a U-turn and turning its back on bitcoin. What do Asian see in bitcoin in the future, that other superpower nation did not? But I have to agree that indeed this is a very positive impact on the bitcoin ecosystem.
Nothing strange they want be out of USD money printing dominance when USD is being printed all time.
So those countries seeks for middle ground of medium of exchange with west avoiding using USD.
With BTC West/East can meat on middle ground and NOONE have full control.
BTC is great for East socity to avoid devaluation while same time US/EU which are trying stop crypto to maintain monopoly. BTC is some way to free from west finnace monopoly so West doesn't like competition while East see BTC as good trusted middle man solution because FED can not print BTC on its own.
If USA want bomb BTC then who they should BOMB ?
Main problem with adoption of new technology is always the scale of potential profits of business supporting this new tech can get.
The struggle of bitcoin is because the bitcoin network can't be exploited so easily than 'standard' tech.
I still think that bitcoin support in Japan is just for show, to brag how progressive Japan really is.
While in reality most of the Japanese citizens are not bitcoin owners & users.
The struggle of bitcoin is because the bitcoin network can't be exploited so easily than 'standard' tech.
I still think that bitcoin support in Japan is just for show, to brag how progressive Japan really is.
While in reality most of the Japanese citizens are not bitcoin owners & users.
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.
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?
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.
Bitcoin/blockchain related development is booming but level of knowledge on bitcoin is almost zero in majority of asian countries excluding japan and china.
China and india being the most populated countries of the world and japan being an economic super power,bitcoin getting popular in these countries would make the bitcoin progress more and that too in a lightning speed.China tried to ban,then came down to regulate bitcoins.India is now discussing to ban bitcoins and would soon follow the path of china and regulate bitcoins.japan has gone one step ahead of these countries by directly legalizing bitcoin payments.Bitcoin acceptance in these asian countries would definitely create a positive impact on bitcoins.
I find it strange that Asian countries has lead the bitcoin revolution. While other country has making a U-turn and turning its back on bitcoin. What do Asian see in bitcoin in the future, that other superpower nation did not? But I have to agree that indeed this is a very positive impact on the bitcoin ecosystem.
China and india being the most populated countries of the world and japan being an economic super power,bitcoin getting popular in these countries would make the bitcoin progress more and that too in a lightning speed.China tried to ban,then came down to regulate bitcoins.India is now discussing to ban bitcoins and would soon follow the path of china and regulate bitcoins.japan has gone one step ahead of these countries by directly legalizing bitcoin payments.Bitcoin acceptance in these asian countries would definitely create a positive impact on bitcoins.
Every country that will recognize Bitcoin will definitely give a positive impact no matter how big or small it is. The recent behavior of bullish bitcoin is greatly affected by good news about Japan, and Poland having positive effect to Bitcoin. Aside from that the diminishing effect of HF rumor somehow help the case.
China and india being the most populated countries of the world and japan being an economic super power,bitcoin getting popular in these countries would make the bitcoin progress more and that too in a lightning speed.China tried to ban,then came down to regulate bitcoins.India is now discussing to ban bitcoins and would soon follow the path of china and regulate bitcoins.japan has gone one step ahead of these countries by directly legalizing bitcoin payments.Bitcoin acceptance in these asian countries would definitely create a positive impact on bitcoins.
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.
The Big Three: How China, India, Japan Set Pace For Bitcoin
China = have most of the bitcoin miners and hardware manufacturer.India = Bitcoin is booming but few corrupt politician is trying to ban bitcoin calling it a ponzi scam.
Japan = Have recently legalized bitcoin which is very good news.
Altogether yes bitcoin market in asia is booming rapidly.
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.
A promising future is found for bitcoin as more and more stores are getting into the legalazation of bitcoin. Now Japan has set the base and based on this Japan will mostly serve as the fintech centre for bitcoin. As mentioned Hong Kong, Singapore, Philippines take bitcoin to higher place. India too recently got increased users when demonetization took place. 
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.
Good to see Bitcoin penetrating the Asian markets.
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
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
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