what's up with all these Chinese news lately? the hype or the opposite (FUD) is already dead when it comes to China. it has been apparent that people don't take any news that has China in it seriously anymore for good reasons too. it is because 99% of them are either fake or greatly exaggerated.
for example in this case, we still haven't seen any changes in adoption in China. things are pretty much as they were before with no exchanges and people who are only investing in bitcoin if they could buy it off the market.
if we are to speculate we should wait until they actually do something instead of only making statements and then make our speculations.
Topic: How does the adoption of China affects the crypto market and blockchain industry - page 2. (Read 324 times)
November 04, 2019, 07:39:46 AM
November 04, 2019, 07:33:42 AM
China may really have an impact in crypto but not necessarily mean that they control the industry or market, people or whales just hype in the announcement of the President's interest since Exchanges is still ban in China. If ever adoption happens in them again and will not pursue to their centralized own coin, their comeback will give influence again in the market as many blockchain technologies now implemented nationwide so with or without them. in time adoption in many areas will happen that can give increase again in crypto prizes.
November 04, 2019, 07:20:18 AM
this recent news had nothing to do with bitcoin since they are talking about the technology that bitcoin uses and thinking about adopting that instead of bitcoin.
in fact this is the main reason why it had nothing to do with the recent rise since the news wasn't even related to bitcoin it could not cause any bitcoin price rise.
as for what it means in long term, introduction of people to the technology eventually introduces them to the correct way of using it (that is decentralized) and pushes them towards bitcoin.
in fact this is the main reason why it had nothing to do with the recent rise since the news wasn't even related to bitcoin it could not cause any bitcoin price rise.
as for what it means in long term, introduction of people to the technology eventually introduces them to the correct way of using it (that is decentralized) and pushes them towards bitcoin.
November 04, 2019, 07:14:48 AM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?
Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
If I'm not mistaken, don't the chinese control most of Bitcoin anyway? I though they controlled a majority of the mining operations, no? Either way, more adoption seems to help the market prices. I feel like the more adoption that takes place, the higher the volume, the better chance we have at staying at the current market price or elevating it. Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
November 04, 2019, 07:09:37 AM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?
Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
Well, China is a rising economic super power. And China consists of almost 1.4 billion people!
Even if China allows the use of only...Made in China crpytos and bans the rest, all this increased interest is bound to have some effect in BTC and all other cyptos. Despite goverment internet,censorship, many Chinese folks know how to bypass it to access the stuff we westerners enjoy. So, all in all, I think it's gonna be a good thing, both in regards to price and adoption!
November 04, 2019, 07:03:07 AM
For me, it doesn't matter what China does at the end of the day. I usually ignore every "China blockchain adoption" or "China bans crypto" news. too many of those news on a daily basis. I think almost everyone of those news, rumors, announcements and etc, isn't really serious and substantial. Very often it's even just the fantasy of some shill. Currently, we can't say for sure which positions the Chinese government and main corporations hold, and I think they even don't know by themselves. all we have are the opinions of some managers and politicians, but it's still very vague. I think China wants to observe how the whole Crypto thing develops, check it's advantages and disadvantages, then one day, come up with regulations.
November 04, 2019, 06:51:26 AM
It could have potential impact, but I doubt the pump to $10k is caused by that. It looks more like a whale buying into the market and is only a manipulation. However, it could still have an impact, combined with the latest news about Bakkt partnering with Starbucks, alongside with various players in the market entering the cryptocurrency, such as BTT by Bittorrent, and also to consider the next halving is quite near, another bullish run is possible.
November 04, 2019, 05:17:08 AM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?
The President of China Mr. Xi Jinping exhorted China to be on the forefront in exploiting the potential and possibilities that the blockchain technology is bringing to the country, actually he was not mentioning Bitcoin or cryptocurrency for that matter. However, there are those who are seeing the silver lining in his statement, that possibility that the easing and appreciation of the blockchain technology will one day soften the stand of the government against Bitcoin. In case, one day China for whatever reason will officially make the China open for Bitcoin this can make the coin explode in value as this has been what many are craving for. As to the question of influence, that is unavoidable but I think the market is very much ready to embrace that possibility in return for massive adoption in that country which counts more than a billion people on its civil registry.
November 04, 2019, 04:51:15 AM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?
Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
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