This might be some sort of market manipulation. As we know, China is big and it can manage to dump the price of bitcoin just like they did last 2017. If I remember it correctly, they created a FUD in bitcoin and it goes down and then they retrieve what they said and then the price goes up again.
Observing that matter it seems that they are likely doing it, but it's not impossible incase that whales are around and manage to work with news that can influence emotions of weak holders and traders, who knows the Chinese mafias are also active around this industry and closely monitoring every potential that this market have to offer. It's only time who can tell what will be the true meaning behind those words. 
Topic: China's President Xi Jinping said, Blockchain is vital for China’s future. (Read 326 times)
October 31, 2019, 12:22:34 AM
October 31, 2019, 12:19:30 AM
His statement might wake other world leaders on the importance of blockchain. I hope it would be succesful this will make crypto a good impression for other who doesnt believe in this tech.
November 03, 2019, 01:38:01 PM
He's only talking about how blockchain is vital though not the cryptocurrency however if China said that isn't it confirmed that the efficiency and benefits that blockchain could bring is actually not just some bullshit but a real thing? Maybe china has found its way into taking advantage of the blockchain technology and made them speak that way.
This thing just making me kind of curious about how is the overall progress of blockchain research around the world. it is said that many big corporate are taking interest to blockchain system since 2018.
That's the point, Chinese government is only concerned about blockchain technology and not crypto, probably because they've seen the essence in some fields/sectors. Well it's still a positive update to all crypto enthusiasts since at least the underlying technology is gaining more traction. This thing just making me kind of curious about how is the overall progress of blockchain research around the world. it is said that many big corporate are taking interest to blockchain system since 2018.
November 03, 2019, 01:27:48 PM
I think this performance may be a new wave of hype around cryptocurrencies. If China begins to be actively interested in cryptocurrency, this could lead to market growth.
October 31, 2019, 12:27:41 AM
Blockchain technology has now become a sophisticated technology that can be used by every country to safeguard the country's important data. Even the bank too already glance at this great technology, it's likely they will also adopt Blockchain technology in banking. China is a country that will adopt Cryptocurrency in their country.
October 31, 2019, 12:06:57 AM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
China's announcement is very timely because the Facebook coin is about to launch and he wants China to maintain their e-commerce supremacy and by launching their own token they can do that, This China backed coin will be borderless because they have ventured in various countries.
October 30, 2019, 11:06:43 PM
I was surprised that the Chinese president only talked about the development of blockchain technology, but also caused the price of bitcoin to increase by 40%, even crazier that the coins were of Chinese origin, they increased by 100%. after one day. That is definitely a price manipulation
October 30, 2019, 10:40:43 AM
This will have profound effect on the crypto markets, as 1.5 Billion people look to this market en mass. I think it is very important to keep an eye on this.
October 30, 2019, 09:56:07 AM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
We have been saying this for years, but no one shared about us. lolRead here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
China is one of the governments that economy has been rising, and if they do not want to limit this increase, they should choose the best. The important issue that interests me is mass adoption, it is progressing well, there is no longer anyone who has not heard about cryptocurrency after the latest news.
October 29, 2019, 07:55:53 PM
That’s why the US needs Andrew Yang for President. President Blockchain!! He knows this technology far greater than Xi or Trump. #YangGang #Yang2020
October 29, 2019, 07:54:12 PM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
The movement of the Chinese Government in the economic field is always overseen by investors and this is because China has become one of the countries with the largest economy in the world. By adopting blockchain technology, I think China will be one step ahead of other economies and maybe in the adoption of cryptocurrency
October 29, 2019, 06:42:20 PM
There are several things that need to be underlined in addressing the statement from the Chinese president.
Indeed, at this time the statement supports the existence of a new blockchain and crypto policy in China and this is very influential on the global crypto market.
However, if they really want to make their own coins and control the blockchain, will it actually have a negative effect on other coins? Will China really be welcome to all cryptocurrencies?
Indeed, at this time the statement supports the existence of a new blockchain and crypto policy in China and this is very influential on the global crypto market.
However, if they really want to make their own coins and control the blockchain, will it actually have a negative effect on other coins? Will China really be welcome to all cryptocurrencies?
October 29, 2019, 05:54:05 PM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
thats mean china's president knew if blockchain is a future technology
and china's want to be a part from the beginning,,
but this will bring more positive impact on cryptocurrency especially bitcoin
regards
Why china is trying to use blockchain for some reasons it's kinda beneficial if implemented to every sectors. there are many of big companies out there trying to implement blockchain and testing its benefits too but I've never heard the news until now maybe the research is still in progress.
However the massive impact by china's speech regarding blockchain kinda reflects that the biggest fear cryptos facing is china's movement against cryptos.
October 29, 2019, 05:39:14 PM
This news announced some days ago, you should change your news portal to get early update
after this news announced, bitcoin price increased >20% in a day! it is one of big pump in this year
besides that, many altcoins from chine increased too not long from this news announced, i feel excited to look forward
after this news announced, bitcoin price increased >20% in a day! it is one of big pump in this year
besides that, many altcoins from chine increased too not long from this news announced, i feel excited to look forward
October 29, 2019, 03:51:40 PM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
I think this is very good news for the cryptocurrency market and the entire crypto community. Since most of the mining equipment is located in China, China may well influence the movement of the crypto market. On the other hand, we have already seen in practice how certain news works in the direction of cryptocurrencies. Therefore, I think that it is necessary to monitor the further movement of the crypto market. Now it’s a very real opportunity to see a good BTC pump for the new year.
October 29, 2019, 03:45:49 PM
President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/
thats mean china's president knew if blockchain is a future technology
and china's want to be a part from the beginning,,
but this will bring more positive impact on cryptocurrency especially bitcoin
regards
October 29, 2019, 11:38:31 AM
This is very hot news as well as good news for the world of blockchain. It is undeniable that some time the news was circulating, the price of bitcoin rose by 20-30%. It is inevitable that blockchain is very useful for human life for the creation of fair information in any aspect, and the evidence is easier to trace. Does China really want to dominate the world economy? We will see in November how the performance and effects of DCEP.
China does have many effects on crypto because the biggest dominance is there. when there is good news the crypto market is starting to grow and I hope that for the next few years China makes many good contributions to the market so that the potential price is greater than it is today October 29, 2019, 10:37:59 AM
He's only talking about how blockchain is vital though not the cryptocurrency however if China said that isn't it confirmed that the efficiency and benefits that blockchain could bring is actually not just some bullshit but a real thing? Maybe china has found its way into taking advantage of the blockchain technology and made them speak that way.
This thing just making me kind of curious about how is the overall progress of blockchain research around the world. it is said that many big corporate are taking interest to blockchain system since 2018.
This thing just making me kind of curious about how is the overall progress of blockchain research around the world. it is said that many big corporate are taking interest to blockchain system since 2018.
October 29, 2019, 10:32:57 AM
What I don't like with his speech is that he is subliminally telling the world that they want to control blockchain developments and be the authority in it, meaning that almost everything needs to go first with them before they get passed and be used by anyone else.
I do not think that is the point of the speech when he said that, authority I think means they will be the most influencial and their the one being copied by other country in terms of blockchain development. Meaning, countries will go to them to know more about blockchain technology and its development.
While Xi's intentions are good and actually helpful, I still don't see this as 100% better for the whole crypto community. Knowing how power hungry China has become, this could go downhill really quick.
I think he wants to challenge Bitcoin adoption with regards to his statement, so yes his declaration is actually not Bitcoin friendly in my point of view at least.
October 29, 2019, 10:25:47 AM
This might be some sort of market manipulation. As we know, China is big and it can manage to dump the price of bitcoin just like they did last 2017. If I remember it correctly, they created a FUD in bitcoin and it goes down and then they retrieve what they said and then the price goes up again.
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