How does the US and China trade war affect bitcon? How do people think ? - page 2.

AniviaBtc

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Quote from: seoincorporation on December 08, 2019, 04:11:34 PM

Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect.

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

China has the highest population in this world, so do you think USA can easily dominate China in terms of bitcoin mining? I don't think so.

Although USA is more advance than China in terms of technology, the percentage of labor is much more higher than USA. China is very competitive in terms of money and economy. They will do anything just to dig more for them to become more powerful above all country.

And I think that the trading war will affect the bitcoin price in such aspects.

Getmon

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Quote from: seoincorporation on December 08, 2019, 04:11:34 PM

Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect.

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

Crypto mining does not even have a large stake in that useless trade war. This ongoing trade war is really absurd and unnecessary. Only their proud leaders want this disorder. They do not care how it all affect the lives of billions of people because they are already wealthy enough. Lucky for us because we are in crypto. If this trade war will continue, fiat currencies involved will also suffer due to decreasing trades. If this will happen, daily stuff will become expensive due to limited importation of goods, and depreciation of fiat value will be faster. Crypto is going to grow as a more viable alternative in the process.

seoincorporation

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Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect.

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

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Quote from: bitbunnny on December 05, 2019, 10:29:04 AM

I don't think that Bitcoin is higly affected by economic changes. If you take into consideration that Bitcoin is decentralized than that makes sense. However, people beleive that Bitcoin is much more under influence of economy and politics that in fact really is and to my opinion US-China trade war doesn't affect Bitcoin significantly in term of price or demand.

In my opinion, the trade war between America and China does not have a significant influence on the price of bitcoin because each one is in a different economic environment. The trade war between America and China has indeed brought the world economy into a downward state and affected other countries. The slowdown in the global economy is felt by many countries around the world especially those who are in direct contact with the US and Chinese manufacturing markets.

A trade war will have a significant impact on the price of bitcoin if both countries adopt bitcoin. In fact, as we know, China is promoting the use of Yuan throughout the world, including the plan to launch a Yuan-based digital currency (Yuan Yuan International). While the United States itself will surely maintain the dominance of the dollar in the global economy. At present, the US dollar is the world's reserve currency. Both China and America do not like the decentralized system of bitcoin.

The impact of the Chinese American trade war did have a negative impact on the global stock market, the sluggish global stock market triggered an increase in the price of bitcoin and gold because investors panicked and shifted their investments to bitcoin and gold. but the increase is not too significant.

sana54210

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Bitcoin could be affected in the sense that people would use bitcoin to get away from the trade war which countries see as a problem so they could ban it, not like it happened, it didn't happened and not only that but countries started to see the benefits of it as well. USA is now taxing people and China is now working on blockchain, the best outcome that we could ever hope for actually happened for bitcoin.

I know this will take a bit of time to show itself because these are huge nations so they do move slowly for these kinds of things and not rush into them but I think we will see a huge increase in adoption of governments coming very soon, in 5 years almost all big nations will probably have a crypto reverse just like they have foreign fiat reserves right now.

veleten

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this trade war should affect bitcoin in a positive way
simply because there is no more "safe heavens" for investments and what was considered a solid portfolio ( treasury bonds, gold etc.) is no longer so
inflation eats your fiat money , gold doesn't bring as much profit and stability and with the global powers shifting you never know what is going to happen with the stocks come next year
bitcoin is volatile and unpredictable as well but this trade war makes it attractive more and more
since it allows you the high risk-high reward scenario while the others only high risk and low reward

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Quote from: Kevondo on December 05, 2019, 10:23:57 AM

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

No dude. BTC gets affected by the demand and supply of the market. What gets affected by the trade war between US and China is most likely the economic markets of the two countries as well as the purchasing power of their respective fiat. BTC doesn't gain nor loses value due to war, and again, it gains and loses value DUE to demand and supply. It seems like BTC is clouded because some of the traders are from the US, some from China, BUT not all traders come there. IF you say that it is affected because of such reasoning, then me killing some trader could be said to affecting BTC, which is stupid, like really.

murat131

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If this trade war will start recession crypto market will be in trouble too

Assface16678

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Quote from: Omega Weapon on December 08, 2019, 12:17:36 AM

Quote from: bitbunnny on December 05, 2019, 10:29:04 AM

Quote from: Kevondo on December 05, 2019, 10:23:57 AM

Quote from: Wexnident on December 04, 2019, 11:29:46 AM

It could affect the economy, after all it is a trade war between two countries, but I seriously doubt BTC would be affected. BTC IS decentralized, not controlled by neither countries, so even if a trade war DID happen, nothing should happen and BTC should just continue on with its everyday transactions. It could increase the buyers and sellers of BTC though, but that's pretty much about it. The economic flow of BTC through the market should still basically be the same, before, during, and after the trade war.

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

I don't think that Bitcoin is higly affected by economic changes. If you take into consideration that Bitcoin is decentralized than that makes sense. However, people beleive that Bitcoin is much more under influence of economy and politics that in fact really is and to my opinion US-China trade war doesn't affect Bitcoin significantly in term of price or demand.

People are going to try to find any link between the movements of bitcoin and what is happening around the world but as you say there does not seem to be any kind of correlation between what's happening with bitcoin and the trade war that we are seeing between the United States and China, I really think that the trade war is also being exaggerated since we are not really seeing anything that at least to me could tell us that the Chinese or the United States government will have any serious conflict in the future.

The issue about the united states and china war is just all about the demand for the products. The US notified about the products they import is just more expensive than the products they import. The china alarmed with this kind of transaction, so they raise the taxes for all of the US product because they don't want to lose profit. There is some news that china will adapt the use of the cryptocurrency to make it more efficient in money transaction and more secured. On my perspective, the war does not affect using cryptocurrency for both countries. Because they are still developing the use of the cryptos on their country. Still, the government does have enough authority to handles the transaction for using the cryptocurrency. The people have the will to trade their coins even without hesitation about the war of the two most tremendous country.

Omega Weapon

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Quote from: bitbunnny on December 05, 2019, 10:29:04 AM

Quote from: Kevondo on December 05, 2019, 10:23:57 AM

Quote from: Wexnident on December 04, 2019, 11:29:46 AM

It could affect the economy, after all it is a trade war between two countries, but I seriously doubt BTC would be affected. BTC IS decentralized, not controlled by neither countries, so even if a trade war DID happen, nothing should happen and BTC should just continue on with its everyday transactions. It could increase the buyers and sellers of BTC though, but that's pretty much about it. The economic flow of BTC through the market should still basically be the same, before, during, and after the trade war.

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

I don't think that Bitcoin is higly affected by economic changes. If you take into consideration that Bitcoin is decentralized than that makes sense. However, people beleive that Bitcoin is much more under influence of economy and politics that in fact really is and to my opinion US-China trade war doesn't affect Bitcoin significantly in term of price or demand.

People are going to try to find any link between the movements of bitcoin and what is happening around the world but as you say there does not seem to be any kind of correlation between what's happening with bitcoin and the trade war that we are seeing between the United States and China, I really think that the trade war is also being exaggerated since we are not really seeing anything that at least to me could tell us that the Chinese or the United States government will have any serious conflict in the future.

bitbunnny

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Quote from: Kevondo on December 05, 2019, 10:23:57 AM

Quote from: Wexnident on December 04, 2019, 11:29:46 AM

It could affect the economy, after all it is a trade war between two countries, but I seriously doubt BTC would be affected. BTC IS decentralized, not controlled by neither countries, so even if a trade war DID happen, nothing should happen and BTC should just continue on with its everyday transactions. It could increase the buyers and sellers of BTC though, but that's pretty much about it. The economic flow of BTC through the market should still basically be the same, before, during, and after the trade war.

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

I don't think that Bitcoin is higly affected by economic changes. If you take into consideration that Bitcoin is decentralized than that makes sense. However, people beleive that Bitcoin is much more under influence of economy and politics that in fact really is and to my opinion US-China trade war doesn't affect Bitcoin significantly in term of price or demand.

Kevondo

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Quote from: Wexnident on December 04, 2019, 11:29:46 AM

It could affect the economy, after all it is a trade war between two countries, but I seriously doubt BTC would be affected. BTC IS decentralized, not controlled by neither countries, so even if a trade war DID happen, nothing should happen and BTC should just continue on with its everyday transactions. It could increase the buyers and sellers of BTC though, but that's pretty much about it. The economic flow of BTC through the market should still basically be the same, before, during, and after the trade war.

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

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What I think can be triggered is a war between stablecoins, by China with its cryptocurrency and the U.S. if at any time it establishes an alliance with Libra or if it launches the digital dollar, as suggested by the EDF.

This is a consequence when Libra was announced that they would not include the local Chinese currency, and as always China has been looking for a way to dominate, it knows that it has to fight with the hegemony of the dollar, in truth this will be very interesting for 2020, because This type of trade war will offer the world a greater adoption of Bitcoin, because it is from China or from any other country that the news is triggered, many when listening to blockchain and cryptocurrencies directly associate it with Bitcoin.

panganib999

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Neither Schneider. Trade war would do nothing to Bitcoin either way, its not like if one side falls, BTC would fall. Sure, the economy may be affected but it wouldn't actually bring diverse effects on it. It's just the usual, supply and demand, BTC rising and falling every now and then, BTC popping off suddenly kind of things. Its like you're asking how two neighbors fighting each other can actually affect their dogs, which doesn't really relate at all to them

Hydrogen

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It is known that virtually everything in china is owned, operated and regulated by china's centralized government. It is not acknowledged often but this precedent applies also to china's crypto and mining sectors which are state funded, state owned and state operated if to a degree via proxy. The concept of china having a true private sector is debatable.

China retains the majority of the crypto mining industry under state control. The US vs china trade war leaves china with decreased economic and financial flexibility. This could imply china relies more heavily upon bitcoin and its domestic crypto industry for economic support and growth, due to its trade conditions being less favorable.

If china's economy was stronger their crackdowns on crypto could be more severe as they were in past years when china's economy was doing better.

Wexnident

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It could affect the economy, after all it is a trade war between two countries, but I seriously doubt BTC would be affected. BTC IS decentralized, not controlled by neither countries, so even if a trade war DID happen, nothing should happen and BTC should just continue on with its everyday transactions. It could increase the buyers and sellers of BTC though, but that's pretty much about it. The economic flow of BTC through the market should still basically be the same, before, during, and after the trade war.

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Quote from: bob123 on September 20, 2018, 04:22:26 AM

Quote from: thoanh1998 on September 20, 2018, 03:35:54 AM

Will it be beneficial or harmful to electronic money transactions when the trade war between China and the United States occurs, the event has nothing to do with the crypto market?

IMO this is completely unrelated to bitcoin.
All of this trade war shit (which is more of a banter than a war) doesn't have any real influence on either the world economy or cryptos at all.

This is just a silly game between the US and China. Two 'alphas' who want to dominate each other. And none of them is winning.

This shouldn't have any influence on any electronic money transactions (crypto, wire, paypal, ...) at all.
I can't imagine, at least.

The trade war IS affecting the world economy - it's hurting China and all the countries that supply raw materials and parts to them (so Korea, Japan, Australia etc are all experiencing downturns).

However, I agree with you that this doesn't have an impact on bitcoin. What has an impact is that rich Chinese don't trust Xi jingping and are trying to get their money out of China anyway they can. They used to do it via real estate - China allowed you to take $50,000 out of the country every year, so they bought a property in Canada or Australia using a mortgage, and then sent currency out of china each year to pay teh mortgage. After 25 years you have sent quite a bit of money abroad and have also gained an asset that has appreciated in a safe country. But China has cracked down on that, so people are turning to bitcoin.

ecnalubma

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The trade war has no direct effect in the Bitcoin market its just a crazy game between the two dominant countries showing their influence in the world market market where no one wins with their war. It may have indirect effects but not that much and no need to panic.

superman2019

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Trade conflicts between China and the United States drag out and this does not create a stable market situation. Gold has undeniable advantages, but all such is not a tool that can be instantly transferred, like digital currencies. I am sure that central banks will also soon hold stocks of assets in bitcoins.

Look at Switzerland, they already have official cryptocurrency banks, so there is a chance that soon the correlation between purchases of gold and bitcoin will equalize. Digital assets are becoming a more appropriate response to the risks of the global global crisis

The latest drop in bitcoin does not look stable either. On the other hand, volatility as well as the problem of bitcoin is also a chance for investors. Because it’s easier for him to stabilize and grow again. The long-term benefits of cryptocurrencies are high, because the world is moving along the path of digitalization

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Quote from: bob123 on September 20, 2018, 04:22:26 AM

This shouldn't have any influence on any electronic money transactions (crypto, wire, paypal, ...) at all.
I can't imagine, at least.

It will have an effect if the large mining pools got affected(which is very likely to happen) because of the trade war between the US and China. The depreciation of US dollar will also somehow have an effect to the price of crypto markets since it is the most compared fiat currency to bitcoin and cryptos after all.

Quote from: thoanh1998 on September 20, 2018, 03:35:54 AM

Of course, these are just predictions, the market will have many changes that we did not expect, but the impact from trade war on Bitcoin and crypto is yes, and of course we can not ignore. .

For now, I guess we can ignore it because the effects it will have will not be that significant unless China won the trade war.

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