Topic: HK envisions a positive outlook for cryptos, especially altcoins ? - page 2. (Read 233 times)
April 18, 2023, 01:37:07 PM
I think is foolishness of the part of any country presently to be hostile to Crypto, there is more to gain than lose and the funny thing is that most of these people thinking they want to stop Crypto won't be here in 20 years to 30 years. Most young people are warm to Crypto and I expect this to continue and can even become a political issue in the future when a candidate will be asked to state their position on Cryptocurrencies. Hk is a gateway to China and they must have done their homework on this before saying yes after their initial hostility towards Crypto
April 18, 2023, 12:34:20 PM
Hong Kong is learning from its mistakes, it seems! During the previous encroachment from China, a lot of people got their banking account freezer just because the Chinese government wanted it to happen. So embracing crypto is absolutely necessary for the citizens of Hong Kong in case another similar attempt is made by China. It's good to see it happening and also the local government is supporting the web3 businesses which is another positive news.
Another neighboring country, Singapore has a very crypto-friendly policy which allowed multiple businesses to move there over the last couple of years. I hope Hong Kong will catch up soon.
Another neighboring country, Singapore has a very crypto-friendly policy which allowed multiple businesses to move there over the last couple of years. I hope Hong Kong will catch up soon.
April 18, 2023, 07:37:02 AM
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Every good news that is related to this industry will naturally affect the entirety of this industry positively. The only difference would be how big the effects would be which would then be dependent on the type of news and how large its scale is. And with this one, I don't think the scale is that big to actually affect the price of altcoins massively. Although, I can say that this, in terms of attracting audiences from HK and possibly in other places as well if it is ever broadcasted by the media in some world news (which I kinda doubt) is great.
But that doesn't mean that it wouldn't affect the price of altcoins positively. It's just that it would take a bit longer than how fast we actually hope for it to happen. And that's okay, I mean I even think it's for the best since it gives us more time improve the current services that the projects provide in this industry to its users and investors. Not to mention that it also gives us more time to accumulate more coins that we like at a cheaper price.
April 16, 2023, 02:35:17 PM
As the Hong Kong Web3 Festival 2023 is ongoing, there are a lot of exciting news coming out such as the central government has lifted bans on cryptos and banks in HK start to support Web3's development (source: https://twitter.com/cz_binance/status/1646040621256245250). CZ, Binance's CEO also attended the panel meeting(online) and shared his views on numerous topics (https://www.binance.com/en/live/video?roomId=2129188). With the support from both government and industry sectors, Web3 will be booming rapidly in Hong Kong and we can foresee that a lot of crypto investment will be flooding into HK very soon. Will this create a more bullish environment for altcoins ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please let me know should you have any inquiries.
Hong Kong's decision to embrace crypto with open arms is surely a positive thing for the industry. But something really big must happen for crypto prices to "explode". A country adopting crypto/Blockchain tech is simply not enough to move market prices to "hodlers'" own benefit. You can thank the deteriorating situation of the global economy for crypto's inability to reach a new ATH in price. The BTC halving of 2024 might not have that much of an impact on market prices either, if all else remains the same. Unless central banks stop raising interest rates and begin printing more money, crypto market prices won't be going anywhere soon.
At least, we're off to a good start. The more countries join the revolution, the faster crypto/Blockchain tech will reach the mainstream world. This means higher market prices in the long run. No one can predict the future so we can only hope for the best. Just my thoughts
April 15, 2023, 12:47:18 AM
You explained from A to Z about Hong Kong removing the crypto ban there and ending with the question "Will this create a more bullish environment for altcoins?", the answer to your question is obvious, all good news in the public will have a positive impact also to the crypto environment. But in the case of HK lifting the crypto ban and supporting Web3 development there, I don't know how far the good impact of the news will be.
April 15, 2023, 12:03:24 AM
Lifting the ban does not mean that Hong Kong will be an attractive city for these projects, but rather how will regulatory laws be put in place, taxes and how people deal with digital assets, whether seriously or futile investments, and the future is legal, will the ban return or not.
In general, I hope that it will end well because most of the platforms that provide Web3 services are quick investments to make developers rich without spending a lot on security and educating users from the risks of ill-conceived investment.
In general, I hope that it will end well because most of the platforms that provide Web3 services are quick investments to make developers rich without spending a lot on security and educating users from the risks of ill-conceived investment.
April 14, 2023, 10:45:27 PM
Absolutely! The recent news from the Hong Kong Web3 Festival 2023 is indeed exciting and bodes well for the development of Web3 and cryptocurrencies in the region. With the central government lifting bans on cryptos and banks in Hong Kong supporting Web3's development, it signifies a positive shift in the regulatory landscape and a growing acceptance of digital assets.
CZ, Binance's CEO, attending the panel meeting and sharing his views on various topics also highlights the industry's recognition and involvement in the festival. This indicates that major players in the crypto space are actively engaged in the development of Web3 in Hong Kong.
With support from both the government and industry sectors, we can expect a more bullish environment for altcoins in Hong Kong. The increased acceptance and adoption of cryptocurrencies in the region may attract more investments, including into altcoins, as investors seek opportunities in the growing market. But I believe it is not just in Hong Kong; I believe that this string of events has also had an impact on the price of bitcoin recently. We might see a more positive effect on the market in general if the positive signs continue.
CZ, Binance's CEO, attending the panel meeting and sharing his views on various topics also highlights the industry's recognition and involvement in the festival. This indicates that major players in the crypto space are actively engaged in the development of Web3 in Hong Kong.
With support from both the government and industry sectors, we can expect a more bullish environment for altcoins in Hong Kong. The increased acceptance and adoption of cryptocurrencies in the region may attract more investments, including into altcoins, as investors seek opportunities in the growing market. But I believe it is not just in Hong Kong; I believe that this string of events has also had an impact on the price of bitcoin recently. We might see a more positive effect on the market in general if the positive signs continue.
April 14, 2023, 10:29:01 PM
As the Hong Kong Web3 Festival 2023 is ongoing, there are a lot of exciting news coming out such as the central government has lifted bans on cryptos and banks in HK start to support Web3's development (source: https://twitter.com/cz_binance/status/1646040621256245250). CZ, Binance's CEO also attended the panel meeting(online) and shared his views on numerous topics (https://www.binance.com/en/live/video?roomId=2129188). With the support from both government and industry sectors, Web3 will be booming rapidly in Hong Kong and we can foresee that a lot of crypto investment will be flooding into HK very soon. Will this create a more bullish environment for altcoins ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please let me know should you have any inquiries.
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