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Topic: China is going to rule crypto! (Read 551 times)

brand new
Activity: 0
Merit: 0
January 24, 2019, 09:11:28 PM
#54
i see. in my opinion china go up strong and on the future maybe they will take over this market
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
January 24, 2019, 08:33:21 PM
#51
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

What's wrong with our news channels? China has a dark government and this Chinese government does not accept decentralization things, who does not know that these Chinese have the habit of having preference for their own product? Who does not know that the Chinese government controls its citizens? waiting for the Chinese government to change its position would be the same as waiting for  bananas drop from space
legendary
Activity: 1414
Merit: 1001
January 24, 2019, 08:14:44 PM
#50
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?
This is not unusual because China is a large country with a very high population.
The volume of digital currency transactions in China is the largest in the world, so it is not unusual when China can become a leader in the world of Cypto.
newbie
Activity: 14
Merit: 0
January 24, 2019, 08:05:21 PM
#49
china controlled internet servers and they have there own they have ability to invest , and i think with blockchain tech they want to be ahead 
member
Activity: 476
Merit: 10
CAT.EX Exchange
January 24, 2019, 07:52:30 PM
#48
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?
the Chinese government is building new strength in the world, so they are aware that by cultivating full control of the blockchain, China can shift America's dominance in the world economy, in the future for any country that is able to dominate crypto currencies, the country will have strength in world economy.
China wants to replace the dominance of the dollar with crypto currencies.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
January 24, 2019, 07:26:22 PM
#47
I'm not updated anymore on what's the movement of crypto's on China after the ban they made for ICOs and trading but what I know was there's still a good number of crypto people out there, including investors and businesses.

They did even ruled and control the market before and right now, looks like they are pushing for more adoption to blockchain and crypto's.
I am also not updated on China's how they accept crypto to their country, the last time I heard is that they banned ICO's and trading that is why bitcoin value drops as the news I heard last year if I am not mistaken. This is also one of the reasons why bitcoin value drops but I guess there is also some other reason why bitcoin value drops so hard. If China is going to use crypto then that is good, there are many of us and in China still believes in the potential of bitcoin.
If I can remember correct it was way back 2016 (correct me if wrong).

They have a big control to the market, miners are there and volume of transactions are definitely happening there but after that restriction. The market didn't depend on them anymore.
hero member
Activity: 896
Merit: 630
January 23, 2019, 05:28:52 PM
#46
It is understood that evn though China bans ICOs and trading they didn't, officials may not effectively implement the ban for ICOs and trading. Officials may take this decision for political reasons. Sometimes, officials may take a decision but this decision is not implemented properly countries like China. China has a greate potential but I think it is early to say that China is going to rule crypto.
legendary
Activity: 3080
Merit: 1353
January 23, 2019, 05:22:24 PM
#45
I echo the sentiments of most posters here, this article is just a exaggeration on how China's role in crypto or blockchain technology, yes they are involving themselves because if they don't they will be left again in this technological advancement. But it doesn't mean that they will be taking over though, all those money being pour on will just benefited their government and not the private sector, remember this China, they won't yield so much power to their people as they want to control everything.
member
Activity: 322
Merit: 17
January 23, 2019, 05:13:41 PM
#44
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

This depends on the meaning of the rules to be applied
Will encryption be controlled as a whole to control the money entering and leaving China?
Or is an organizational process only
The coming days will tell us.
 
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
January 23, 2019, 04:57:13 PM
#43
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?


I think China had the ability to do this because they have more experience in cryptocurrency field and they can also suitable for this to make it more powerful definitely some of the countries will need to accept the cryptocurrency for the development.
China have been in crypto before but they left crypto around early 2017 due to some circumstances and thoughts. It really give a huge effect and downfalls of crypto before the ATH happen.  And now they finally back into crypto,  I believe it could create  huge impact into the market but not the way of controlling it.
full member
Activity: 602
Merit: 111
January 23, 2019, 03:52:11 PM
#42
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?


I think China had the ability to do this because they have more experience in cryptocurrency field and they can also suitable for this to make it more powerful definitely some of the countries will need to accept the cryptocurrency for the development.
Pab
legendary
Activity: 1862
Merit: 1012
January 23, 2019, 03:39:43 PM
#41
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

Blockchain is included in China economy plan until 2026 like prority
There is 26 blockchain project supported by China gov
Some are already up and running like blockchain what track food transport from Australia to China
Blockchain industry is priced on 2 trilion dollars in coming years
Until 2028 15% of global GDP will be stored in blockchain
But it is not bitcoin ethereum etc
China see that crypto market as it is. Kind of speculative market
But only China see blockchain value and is supporting blockchain

sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
January 23, 2019, 03:22:02 PM
#40
The advantage of China is definitely the price of electricity, which attracts investors from around the world to build a cryptocurrency mine there. The Chinese government has long been interested in cryptocurrencies, but it seems to me that it is still afraid of decentralization and lack of control over the market. I think that the still valid communist system will be a big problem for cryptocurrencies and China will not be able to become a leader. I think the game will take place in the European Union. Take look on Switzerland or Malta.

China is also competing for world power thus putting  in every possible means of attracting investment in cryptocurrencies by providing enabling and accessible, affordable electricity supply for cryptos businesses to thrive of course US are always in forefront in every new innovations in no distant time China will catch with them in term of Cryptos adoption and usage after attracting billions of dollar investment.
jr. member
Activity: 83
Merit: 1
full member
Activity: 742
Merit: 144
January 23, 2019, 02:29:58 PM
#38
I disagree with you. China is all about control and Bitcoin does not give them control over many aspects of their citizens. They want to control capital flowing in and out of China and Bitcoin is borderless. They want to know what their citizens are spending their money on and Bitcoin is pseudo anonymous.

Japan will soon rule the Crypto currency scene, because they have none of these restrictions and their government is embracing the technology.  Wink

Agreed Japan already does in some respects - legislation + guidance already in place
Japan is one of the great place to use cryptocurrency but since China is big enough to rule the market, there’s a possibilities for this to happen. If China continue to be more cryptofriendly we will see a green market again. Don’t be scared on China, just do what is right and you will also benefit from this trend.
full member
Activity: 686
Merit: 227
January 23, 2019, 02:22:41 PM
#37
I think this is very good news. If China removes the bans on cryptocurrencies, this will serve as an impetus for a new wave of cryptocurrency growth.
copper member
Activity: 434
Merit: 2
January 23, 2019, 01:19:37 PM
#36
I am not sure about China ruling cryptocurrencies with all the bans they have there plus they already have their own platforms running digital payments. Maybe they can become number one adopters of blockchain technology.
The Chinese economy is developing very fast and I think this is also helped by investments in blockchain technology, although China has banned ICO. But he is unlikely to be a leader in cryptocurrency in the near future.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
January 23, 2019, 12:40:17 PM
#35
China, when it likes something, likes to go in Big, but what they are best at, the Chinese is doing things stealthily to gain the upper hand. They did the CHINESE FUD OVERLOAD, we don't like Bitcoin gig to take away the power from Western Hands and they are really into Blockchain, invested very heavily into creating new blockchain tech and want to stay ahead. While the U.S is messing around with regulatory frameworks, China is stealthily growing its arsenal of blockchain projects and accumulating all the wealth in Crypto, as it has done with the Mining. You know that one day they will be the no 1 in everything related to the blockchain. Their biggest asset is sheer numbers and quantity, volume and money they have to throw at this.
full member
Activity: 459
Merit: 104
January 23, 2019, 12:32:48 PM
#34
This is very good. 10 years ago (2008) bitcoin was a child, today bitcoin is a teenager (2019). In 10 years from now (2029), bitcoin will be a 20 years old youngster, In 20 years from now bitcoin will be an young adult.
 China is going to rule bitcoin and it is very good. Bitcoin is the money that everyone in this world is waiting for. A good market needs to be regulated to protect the consumers.
bitcoin technology is new and it has many un-explored applications into techology. Example is the AI, that is changing the world economy.
In 2008 no one was knowing about bitcoin, in 2019 bitcoin is changing the world economy, what will happen in 10 years from now?

 You can buy bitcoin from many supermarkets today, 10 years ago the price of 1 bitcoin was 1 cents/1 bitcoin, today the price is approx 4000 dollars/1 bitcoin. If the price of bitcoin continues to grow like this its price will be 1 600 000 000/ 1 bitcoin (1600 million dollars / 1 bitcoin) in 10 years from now!

    
  
member
Activity: 546
Merit: 32
January 23, 2019, 11:41:40 AM
#33
https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?


I am hearing about China using the cryptocurrency more about they are country currency because we all know the cryptocurrency will be the next generation to develop any economy to the great level that's why they are using this and choosing this for their future generation.
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