Topic: Hong kong and China war can lead to possible Bitcoin popularity - page 7. (Read 8900 times)
Time is coming when Hong Kong will be under the full control of China when the 50-year provision will expire in 2047 though I am sure that by that time Hong Kong will negotiate for a better and acceptable deal with the mainland. There will be no war in between the two countries as not one can afford the ill-effects it can inflict to their economies...these days there will be threats of war but most are just rhetoric as no country is really serious in causing such a conflagration. With this latest development in Hong Kong which caused an increased interest with bitcoin, this is just another confirmation of how bitcoin can playing a good store of value even much better and more accessible than the physical gold.
The reason you gave here is not enough to convince people in those countries to make use of cryptocurrency. And FYI China has banned Bitcoin for good and I don't think they are going to be accepting it any longer and if they do its going to be under regulation (oh, what am I saying… Bitcoin can't be regulated right? That means they are not going to accept anyone making use of it. That's why a lot of crypto companies are moving out from china and moving to other countries where they will be allowed to continue their crypto business. Let's wait and see what the future holds.
They have been doing so for the past 4 years, and believe me, from all the bans they have issued against bitcoin and cryptocurrencies, the Chinese crypto community is still one of the largest in the world. The recent bans that they issued were all focused on mining due to environmental concerns and does not tell anything regarding trading, holding or keeping the said crypto. Business as usual for the Chinese people even though their government tells them not to.
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
The reason you gave here is not enough to convince people in those countries to make use of cryptocurrency. And FYI China has banned Bitcoin for good and I don't think they are going to be accepting it any longer and if they do its going to be under regulation (oh, what am I saying… Bitcoin can't be regulated right? That means they are not going to accept anyone making use of it. That's why a lot of crypto companies are moving out from china and moving to other countries where they will be allowed to continue their crypto business. Let's wait and see what the future holds. The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
I don't think Bitcoin will be the main options, wealthy Chinese or Hong Kong citizens can still go to traditional assets like Gold.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
Don't exaggerate things, there will be no war between the two, remember they still shared the same President and that is the current President of China.
. But what I admire about Hong Kong residents is that they march in the street because they know the future of their country is at stake. But as to the net effect on crypto? I'm still divided though, maybe some of them has shifted their wealth to Bitcoin but for sure majority is still undecided because they know that this will settle down.There are no two nations, HK is an autonomous region with more than 90% of the population being Chinese.
Apparently not: https://www.bbc.com/news/world-asia-china-48607723
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
of course we do not expect a very protracted event to occur there and impact the economic development directly there. they will be able to finish well, because they also know that if it dissolves late it will harm themselves. in situations like this it is certainly very irrelevant that bitcoin will have a direct impact. even though we know the development of crypto there is very advanced.
I believe that eventually China and other countries where bitcoin is currently ban will have to relax those laws in the future. Bitcoin and other Cryptos will play increasingly greater roles transborder trades
To put it simply any negative news that could cause any fear of economical sactions would induce buys on bitcoin as store of value, in fact many institutional investors had prefer crypto versus bonds or stocks that far less risky and it's really a good sign forward. It might also be catalyst for people to start looking at alternatives, with bitcoin gains crypto has dubbed safe bay for frowning assets.
Exactly, bitcoin is an alternative investment so when for some reason we begin to see disagreements or a weakness in the current system this makes bitcoin stronger, however we are still far away to the day your average person will decide to invest in bitcoin in order to protect his assets, but every time we see the system showing flaws a few people wake up to the fact that the system is a scam that benefit those at the top, and while there is not doubt that there is always going to be someone at the top it is completely different if they achieve that position by rigging the system in their favour. 
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
Well if this chaos make bitcoin more popular, which bitcoin are use to hide money from the goverments. I think this kind of thing could turn out to be bad and goverments of china and hongkong could make a more strict regulations that will prevent those who wanted to hide their money by using cryptocurrency. I do think bitcoin will become more popular caused by the development of the technology such as lightning network and real use case. The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
This like a civil war because Hongkong was owned by China as one of their province so if this will happen, their currencies will be zero value like what happened to other country , that's why rich people are going to withdraw their money from bank then convert it to crypto currency so this will make crypto more popular .
Hong kong and China war can lead to possible Bitcoin popularity
Hong Kong = China Not sure what war are you talk about.
It is more a Cold War of words at this moment.
China's extradition plans is causing a uproar in Hong Kong and a lot of people are fearing that their relatives would be extradited to mainland China if this bill is passed. They call these people criminals but a lot of them are political opposition to China's rule. A lot of these people can use Bitcoin to protect their wealth, if they are extradited to mainland China because it is borderless and capital controls can be bypassed if it is used correctly.
Just another small win for the small guys.
Bitcoin was made for small guys. Right now a lot rich use it but it will give real power to normal people and poor. Rich could always preserve their wealth.
This is interesting because China is hostile to cryptocurrencies and bitcoin in particular. Presumably, if Hong Kong citizens can be extradited to China without obstacles, the Chinese can fine or expropriate their wealth. So there is an advantage to using an uncensorable means of exchange.
I still think bitcoin's use case is strongest in nations experiencing or siusceptible to hyperinflation. However, its portability is advantageous for those worried about extradition. This is one of many unintentional positive developments for bitcoin.
I still think bitcoin's use case is strongest in nations experiencing or siusceptible to hyperinflation. However, its portability is advantageous for those worried about extradition. This is one of many unintentional positive developments for bitcoin.
Absolutely no war going to happen between Hong Kong and Mainland China, and yes Hong Kong is no doubt part of China but the people who live in Hong kong do not like mainland China because for them people from China/mainlanders are rude, ill-mannered, poorly-educated, and dirty, While on the other hand some mainlanders view Hong Kongers as arrogant. And whatever the outcome hopefully it could lead bitcoin to top, so that everybody can enjoy the benefit.
Credit:
https://en.m.wikipedia.org/wiki/Hong_Kong%E2%80%93Mainland_China_conflict
Credit:
https://en.m.wikipedia.org/wiki/Hong_Kong%E2%80%93Mainland_China_conflict
I think taking your money away is the biggest weapon people have. Think about it, how much of your money in banks are actually in banks? If everyone in the world who have money in the bank wanted to cash it out on paper what would happen? Banks would collapse and there would be a lot of scams coming into light and banks would be looked like criminals and investors would never reinvest their money.
So, if Hong Kong rich people wanted to withdraw their money from China in bitcoin form they may have to cash out in cash form and buy bitcoins with it (since direct bank is difficult right now) and that would result with China allowing Hong Kong to do whatever they want just to keep those people with money happy with the situation. I would fully support it since it both stops a dictatorship plus hurts banks.
So, if Hong Kong rich people wanted to withdraw their money from China in bitcoin form they may have to cash out in cash form and buy bitcoins with it (since direct bank is difficult right now) and that would result with China allowing Hong Kong to do whatever they want just to keep those people with money happy with the situation. I would fully support it since it both stops a dictatorship plus hurts banks.
The only scenario where this can affect BTC prices is if HK residents have their bank accounts somehow intervened by China and they can't get their money out, or if the HKD ends up hyperinflating as is the case of Venezuela and to a lesser extent Argentina.
I remember this scenario from the Cyprus crisis.
People were saying greeks are buying bitcoin because the banks have frozen their accounts, but I still haven't figured out how you can buy coins with your money from a frozen bank account
I hope it just end in war of words which is normal between two nations.
There are no two nations, HK is an autonomous region with more than 90% of the population being Chinese.
War is never the solution as it takes economy back for both the counties and also the world economy falls due to such tensions.
Oh, this one is new, both are counties now, in which state? Texas?
Recently I learned that they have canceled the extradition deal but unfortunately the deal is still there only on hold, it wasn't
rejected, it wasn't accepted, it was just postponed. Now this is a good strategy by the leader because that means he doesn't have to accept it right now but will be able to postpone it until all these riots and protests end and when it ends they will be capable of accepting it once everyone is at their homes.
After the fact everyone can go out and protest again but this time they will have a chance to threaten them with the fact that china can take them from Hong Kong and put them in jail.
Basically, the government have the upper hand right now so people should not be going back to their homes for a longer while and that will cause the economy to keep going worse for China and that could affect crypto big time, I know its a bad thing that is going on but unfortunately we will profit from it.
rejected, it wasn't accepted, it was just postponed. Now this is a good strategy by the leader because that means he doesn't have to accept it right now but will be able to postpone it until all these riots and protests end and when it ends they will be capable of accepting it once everyone is at their homes.
After the fact everyone can go out and protest again but this time they will have a chance to threaten them with the fact that china can take them from Hong Kong and put them in jail.
Basically, the government have the upper hand right now so people should not be going back to their homes for a longer while and that will cause the economy to keep going worse for China and that could affect crypto big time, I know its a bad thing that is going on but unfortunately we will profit from it.
I hope it just end in war of words which is normal between two nations. Why bring a bill to deport law offenders to mainland? I hate such bill, since Hong Kong has some degree of autonomy, then they should resolve their citizens conflict issues themselves than sending them to Mainland for ruthless punish.
War is never the solution as it takes economy back for both the counties and also the world economy falls due to such tensions. But btc and other crypto has to rise n coming time as popularity and demand is rising at continuous pace.
The only scenario where this can affect BTC prices is if HK residents have their bank accounts somehow intervened by China and they can't get their money out, or if the HKD ends up hyperinflating as is the case of Venezuela and to a lesser extent Argentina.
I don't even think that will affect Bitcoin's price. It's easy to link whatever problem in the world to an increase in Bitcoin's price, but it's impossible to actually prove that the problem you think helped Bitcoin increase actually is responsible for that.I remember reading about how back in 2013 Bitcoin's pump to over $200 was caused by the problems in Cyprus, while that most likely wasn't the case at all. Most average people there probably didn't even know what Bitcoin was.
The thing with crypto related news outlets is that they always try to make it seem like people in whatever shaky country are using Bitcoin or crypto, but most of them obviously aren't. They have other problems on their mind.
I hope it just end in war of words which is normal between two nations. Why bring a bill to deport law offenders to mainland? I hate such bill, since Hong Kong has some degree of autonomy, then they should resolve their citizens conflict issues themselves than sending them to Mainland for ruthless punish.
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.
Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
That could be their best option since it's untraceable but not only Bitcoin all the other good coins in the market can benefit from all of these, because they will diversify their portfolio, so all the other coins can experience a surge on its price, let's see if these things will materialize
We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.
I don't think Bitcoin will be the main options, wealthy Chinese or Hong Kong citizens can still go to traditional assets like Gold.
We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/
Don't exaggerate things, there will be no war between the two, remember they still shared the same President and that is the current President of China.
. But what I admire about Hong Kong residents is that they march in the street because they know the future of their country is at stake. But as to the net effect on crypto? I'm still divided though, maybe some of them has shifted their wealth to Bitcoin but for sure majority is still undecided because they know that this will settle down. Jump to: