Topic: How BIG will the crypto market be if China legit cryptos? (Read 375 times)
You could already remove the billion, since the market cap of cryptocurrency as a whole already reached its billion when all the cryptos market cap has been summed. Though, if China adopts cryptocurrency it isn't necessarily means that the market cap will surely rise too high. One sure thing is what adoption can bring is competition and crypto development.
Billion？ Trillion？Quadrillion？
there is no need to rush mate,if ever china make a legitimate statement about bringing crypto a legitimacy.it wont take effect that soon but surely this will help boosting the market,we have already saw how many times that if China make a statement the market automatically move either to pump if positive issue and dump once negative.
this only mean one thing that the market shakes about China's stand on crypto,but basically in time after the adoption/embracing of china for crypto surely market will grow essentially and may go to the moon as other countries will do theirs as well.
I think even China legalizes bitcoin and cryptocurrencies, it doesn't mean everybody in China would buy or invest their money in crypto because not everybody has a knowledge about crypto. But i think if cryptocurrency is legal in China, i think the market will definitely increased more than in the year of 2017.
I think it is already flourishing Even though it's not legal but if you think about it it could actually double in size right now and also there will be countries seeing this and then maybe doing what they are doing or maybe even thinking about it because to think that countries first ban cryptocurrencies then they life the ban it's like the need it now.
It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.
Well, when the time on 2017, China starts banning cryptocurrency and you would notice that the market just dropped tremendously. That creates a large FUD and the market drop like it's the end but luckily the support level on that time is quite strong. Despite of China banning crypto the whole cryptocurrency are not circulating entirely on China alone. There are bigger countries that holds more crypto too that's why the support level is quite strong. It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.
I think it is already flourishing Even though it's not legal but if you think about it it could actually double in size right now and also there will be countries seeing this and then maybe doing what they are doing or maybe even thinking about it because to think that countries first ban cryptocurrencies then they life the ban it's like the need it now.
It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.
It's an essential part of the modern world so I think it would be amazing but who know if they will do it or not.
Since Xi Jinping announces the use of blockchain, its making some good spikes in crypto, its not something that people expect that China will have second thoughts in cryptocurrencies but probably due to crypto being unstoppable so they are now considering. The forex market is more than trillions a day of volume so I would expect more than that since everyone is going to be in crypto one day unlike forex where only few are there.
China is also a huge country that also has a huge impact on the world of crypto. That's never questionable especially now that China plays a vital role in the world of digital currency. We only need a huge adoption from the said country and good things in crypto will surely follow. There was news about the banning of blockchain technology but China is continuously adapting it as a mode of payment so I believe that crypto will surely grow with the influence of China since people are showing its advantages as a digital currency.
Honestly we don't know, but I think it will have a huge impact on the crypto market as we see how china is reacting to their good developments in the block chain and changing their decision to banned and not banned. So i think when bitcoin and other crypto curency accept by many people and adopt by big company i think bitcoin will be worth much more compared today market cap.
I don't really think there will be any significant improvement in the numbers in the crypto market. In as much that China has a good number which might influence the crypto market, the country already has a working payment and transaction system which is working very effective with no specific challenges. But I also see people in China using cryptocurrencies alongside this system. Thus why I'm saying there might not be any specific change in the crypto market.
As I always say, China is a peculiar and different country, there's no chance we can predict the effects because of these strange things China already did
There is zero affect for bitcoin other than the mining difficulty will be reduced if they ban mining and there are other miners situated world wide and the Chinese miners will move out to safe pastures, so literally there will be no affect on the market.China always say things, they will ban BTC, they will allow BTC, they will ban miners, they will not ban miners, so to me it's not wise to trust and predict any China speculation of government
I remember when the market used to panic when some stupid FUD comes out from China but the market moved on from that stage and no one cares about those FUD anymore, if they ban everything so be it and bitcoin does not revolve around any particular country. 
As I always say, China is a peculiar and different country, there's no chance we can predict the effects because of these strange things China already did
China always say things, they will ban BTC, they will allow BTC, they will ban miners, they will not ban miners, so to me it's not wise to trust and predict any China speculation of government
China always say things, they will ban BTC, they will allow BTC, they will ban miners, they will not ban miners, so to me it's not wise to trust and predict any China speculation of government
Quarillion I guess. Well, China is really influential and in terms of their population its really promising. We also know that Chinese are very business-minded and top investors so probably they will increase the number of crypto users the moment they legalized it. They are top manufacturing industries, more likely regarding crypto they are really eager to invest on it and make their own coins probably.
I agree with you. A lot of people live in China.
But the most important is all equipment is produced in China. All mining equipment is produced in China. All mining (especially Bitcoin mining) is concentrated in China. There are a lot of cheap electricity in China. If crypto will be absolutely legit in China it will be very good for crypto and for development of blockchain technology and mining equipment.I only hope that their support for the blockchain technology is going to be a support for Bitcoin and altcoins also. But it looks like they are now trying to mint their own digital currency based on their fiat. If this is what is going to happen, how could the price of Bitcoin and of the altcoins grow if they will not be using them? They are going to create their own digital coin based on the chinese yuan.
Quarillion I guess. Well, China is really influential and in terms of their population its really promising. We also know that Chinese are very business-minded and top investors so probably they will increase the number of crypto users the moment they legalized it. They are top manufacturing industries, more likely regarding crypto they are really eager to invest on it and make their own coins probably.
I agree with you. A lot of people live in China.
But the most important is all equipment is produced in China. All mining equipment is produced in China. All mining (especially Bitcoin mining) is concentrated in China. There are a lot of cheap electricity in China. If crypto will be absolutely legit in China it will be very good for crypto and for development of blockchain technology and mining equipment.
Quarillion I guess. Well, China is really influential and in terms of their population its really promising. We also know that Chinese are very business-minded and top investors so probably they will increase the number of crypto users the moment they legalized it. They are top manufacturing industries, more likely regarding crypto they are really eager to invest on it and make their own coins probably.
If the people in China is going to get into cryptocurrency, that would certainly amount into hundreds of billions or even a trillion. China having more than a billion of people. But since it will not happen, we cannot count on it. If China will finally legitimize cryptocurrency, that would only be a way for their own cryptocurrency to get adoption within their territory. That might not even affect positively the truly independent and free cryptocurrencies that we are all supporting now.
capitation can be seen only on a quarterly basis, unpredictable because there must be active implementation, but I agree if it really has a large potential for adoption. capitation will develop from various businesses that use China's stable cryptocurrency. their citizens can develop potential things first, and then move to other alternative coins, they are notoriously quick to adjust.They are notoriously quick to adjust because they are also notoriously quick to create their own. That is what is currently happening in China right now. They are used to be against crypto and blockchain, and then they adjusted, even released a statement from the president himself that the country should make use of the technology, and will release their own coin soon. What will now happen to those coins that are being used in China right now? They will be replaced with their own coin.
If the people in China is going to get into cryptocurrency, that would certainly amount into hundreds of billions or even a trillion. China having more than a billion of people. But since it will not happen, we cannot count on it. If China will finally legitimize cryptocurrency, that would only be a way for their own cryptocurrency to get adoption within their territory. That might not even affect positively the truly independent and free cryptocurrencies that we are all supporting now.
capitation can be seen only on a quarterly basis, unpredictable because there must be active implementation, but I agree if it really has a large potential for adoption. capitation will develop from various businesses that use China's stable cryptocurrency. their citizens can develop potential things first, and then move to other alternative coins, they are notoriously quick to adjust. Billion？ Trillion？Quadrillion？
If the people in China is going to get into cryptocurrency, that would certainly amount into hundreds of billions or even a trillion. China having more than a billion of people. But since it will not happen, we cannot count on it. If China will finally legitimize cryptocurrency, that would only be a way for their own cryptocurrency to get adoption within their territory. That might not even affect positively the truly independent and free cryptocurrencies that we are all supporting now.
Billion？ Trillion？Quadrillion？
I think that it would be in trillion for now, because if you look at gold, ever since gold has been In existence with the high rate of adoption for it, it has still not passed much more than trillion, so if china is to legalize cryptocurrency now, it would be that a part of the puzzle for big market cap has been solved which I think that could actually lead to bitcoin reaching the mile stone of trillion. I really cannot wait for the time that china would actually see the reason why they should accept bitcoin as one single cryptocurrency payment rather than the one they want to create their own currency which I would actually see as a distraction to bitcoin for their own citizens who uses and mine bitcoin a lot.
India is another country that will make a big impact if they accept bitcoin.
Billion？ Trillion？Quadrillion？
In fact the impact on the cryptos by legalization of it by china would be felt and the prices of cryptos is going to skyrocket, recently the mere mentioning of adoption of blockchain technology announced by the Chinese president triggers a massive pump in the price of bitcoin, China with it huge population would have a sizable numbers of its populace who would invest in cryptos thus pumping funds the market into invariably increasing market capitalization and volume of bitcoin traded in the market. 
Billion？ Trillion？Quadrillion？
of course this will really help increase the very high market if in China approve crypto because we know that China is one of the most developed countries in the field of trade and there are also many investors in the country and China is also known as one of the big bitcoin mining countries in among other countries, it's likely in my opinion if it happens in their country, maybe this will increase market development by around a trillion.
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