How deeply the Asian county will impact the cryptocurrency market???

robelneo

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

It will have a deep impact because Asian countries have a robust economy and some of the best developers and coders are on Asia and of course every here knows Asians have the most number of bounty hunters, they have contributed a lot of through the development of many projects here as investors, bounty hunters and developers.

Rituvohra01

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The Asian countries will impact the cryptocurrency because crypto is developing in Asia.Asian countries are very important for cryptocurrecy. Asian countries native actively participated in cypto world

BravO_o

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I can not say how much the Asian market will affect us, but what will affect us is for sure. We are even affected by the stock market from time to time

cescudero95

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The loss of the Chinese market was not insignificant for the community. That's over a billion persons whose access to crypto markets is crippled, if not completely cut-off. You can be sure that those who really want to participate find a way, though they do so at risk to themselves given the Chinese govt's reputation.

rricksu

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

It will have a massive impact on the crypto market. There are so many rich chinese people out there and so many volume of indian people. If they manage to utilize cryptocurrencies, I think the value of some altcoins will increase as well as bitcoin. Investors in these areas will surely affects it.

trecore4

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Quote from: rik1 on October 26, 2018, 06:33:52 AM

Quote from: kenman on October 16, 2018, 12:04:41 PM

Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

hi. i think it has a lot of influence already, many users can be spotted from there. besides, come of their companies are adopting blockchain technology and they can afford inviting brains from abroad

The size of the cryptocurrency trading market in India is estimated at 5 million traders. India seems to be next in line to legalising Bitcoin, now that the government has agreed to regulate Bitcoin. The Indian government has agreed that regulating Bitcoin could be beneficial and is currently creating the laws to do so. The Reserve Bank of India is also considering using the blockchain technology in banking. The committee will not only examine the present scenario of crypto currencies in India and around the globe, but will also suggest measures and means to deal with consumer protection, education and money laundering.

And for fact if every person in india Buy $1000 (0.15BTC) worth of bitcoin then according to current supply of bitcoin the price of bitcoin will be $141500.

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To be honest the two countries would have the effect if they were in the market already. Both of them are already out of the race and are not making any good progress. The India itself having worst days of their economics and most of the regulations are going against the crypto currencies. There cant even exist a bitcoin ATM in India so how can anyone expect them to contribute to the blockchain anyways. China, as of now we already know they are also having stringent regulations for using the bitcoin and its almost impossible for these countries to make an open trade of crypto currencies.
Also note that $1000 is huge amount for the Indians to spend on the bitcoin, in their country its almost 5 figures amount.

rik1

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Quote from: kenman on October 16, 2018, 12:04:41 PM

Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

hi. i think it has a lot of influence already, many users can be spotted from there. besides, come of their companies are adopting blockchain technology and they can afford inviting brains from abroad

The size of the cryptocurrency trading market in India is estimated at 5 million traders. India seems to be next in line to legalising Bitcoin, now that the government has agreed to regulate Bitcoin. The Indian government has agreed that regulating Bitcoin could be beneficial and is currently creating the laws to do so. The Reserve Bank of India is also considering using the blockchain technology in banking. The committee will not only examine the present scenario of crypto currencies in India and around the globe, but will also suggest measures and means to deal with consumer protection, education and money laundering.

And for fact if every person in india Buy $1000 (0.15BTC) worth of bitcoin then according to current supply of bitcoin the price of bitcoin will be $141500.

Total Population of india: 1330000000
Current Supply of bitcoin: 17,342,400 BTC
Current Market Value: $112,398,254,527

So {(1330000000*$1000)+$112,398,254,527)/17,342,400 BTC}= $141500 Per 1 BTC

Its Just India, China is still not counted yet.

kenman

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

hi. i think it has a lot of influence already, many users can be spotted from there. besides, come of their companies are adopting blockchain technology and they can afford inviting brains from abroad

lobo13hf

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Quote from: batang_bitcoin on October 07, 2018, 01:04:35 PM

They will have a major impact if they are going to start rolling around crypto's again if its for China.

A massive adoption means there will be a massive demand which is going to be good for the market. This applies not only in Asian countries for the whole world that will soon going to start adopting crypto's.

I would not try to expect a lot from CHINA as long as PBOC still ban crypto to be traded on china. This just like if you are putting all of your hopes to the SEC to be approved by SEC. they have a very strict regulation and it always becomes the main problem.

NeuroticFish

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

I think that without China the ATH we had last year could not have happened, or at least it would have been far from that level.

We talk here about huge number of individuals, we talk here about places in the world where there's plenty of dirty money that should be concealed (what, did you think that all the money in crypto is nice and legit?), we talk about many possible entrepreneurs that could add value to crypto world.

So yes, I do think that their impact could be significant.

kiryamikronov

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Asians I believe a very strong influence on the cryptocurrency market, firstly because of the large number of people, and secondly we know how to quickly fill the shelves of stores of goods in the Asian region. Nothing prevents them from creating a huge number of projects and even capture the entire cryptocurrency market your projects and money, who are mainly from Asian countries.

sehoon

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Since Asia has the largest population in the world, Asia greatly affects cryptocurrency especially in the investment fields. If the government allows cryptocurrency to become legal in countries that has a large population, it could affect the price of bitcoin or altcoins.

beerlover

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

I think it will have an insane amount of difference to make with those countries. For example, they combine make up over 30% of the worlds population, if you put that into perspective if they can bring in billions of dollars with the population that would be insane for bitcoin.

However, you are missing one vital problem, even tho the people there are outnumbering many in other countries they are not as rich as many other European countries and not USA, which means even tho there are a lot of rich people there the number of average joe getting into crypto is a lot harder for them. As Asia will have more than half of world population, we can expect heavy impact into crypto world but that is purely based on their government's states and not definitely by their crypto community.

BitcoJ

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As long as he has influence, I believe. But the stronger the cryptocurrency becomes over time. The more it will have popularity and its audience. And over time, it is possible that the cryptocurrency will not be influenced.

batang_bitcoin

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They will have a major impact if they are going to start rolling around crypto's again if its for China.

A massive adoption means there will be a massive demand which is going to be good for the market. This applies not only in Asian countries for the whole world that will soon going to start adopting crypto's.

bit-freedom

sr. member

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IMO, all countries are important to crypto. China and India are two countries with huge population in Asia, there will be certainly impact to crypto. India is a growing country, we cannot overlook its potential.

anatolij.shishkin

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China is the first economy in the world. And if most of the projects will be sent to the Chinese market there will be a big increase in coins. India is not yet ready to accept a crypt. Yes, social projects can be. But in fact, there are many who do not know how to use even a smartphone.

The Chinese market is very interesting. But as we know China is a closed country, and whether they will open up the blockchain opportunities for us

mir4a

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I think that over the years the cryptocurrency will get stronger. And very few people can influence it. So what is the matter of time. Already the cryptocurrency market is occupied by a rating position all over the world. And even there will only grow in popularity and demand.

lorylore

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Actually more and more Asian project are successful and there are more and more Asian that support and know more of crypto and it can be more and the population of Asian is so huge.

Huskarls

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Quote from: rik1 on October 05, 2018, 02:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

in my opinion the impact of crypto, even for small countries can have a good impact on its development. Moreover, China, I think it can have a good impact if the Chinese government considers crypto to be a positive thing, but it can also have a bad impact if the government assesses that crypto is an unnatural thing

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