Topic: If china got their own coin? - page 5. (Read 1298 times)
I think 1.3 billion people is enough to support their coin. And if 1.3 Billion people will support their coin, there is a high probability that, that coin will have a huge value in the future. Meaning, that coin China made will be profitable. But China is going to have a big problem in implementing this kind of coins because their government already put different regulations regarding the use of cryptocurrencies.
If china gets their own coin, obviously the coin would be utilized under china government's rules and legalization.
Users will definitely be interested with that coin because it might have low volatility and more stable than bitcoin.
However, bitcoin is having qualities of being much profitable, so bitvoin would have also its followers.
Users will definitely be interested with that coin because it might have low volatility and more stable than bitcoin.
However, bitcoin is having qualities of being much profitable, so bitvoin would have also its followers.
Would they need BTC? With 1.3 billion potential users wouldn't that be enough?
i think they would still use bitcoin as an investment since the Chinese are the opportunity grabbers they couldn't missed it or ignore it and also bitcoin could give them astronomical profits and they already have established businesses with bitcoin just like asic miner manufacturing, exchanges and mining farms. if the Chinese government create a centralized coin, it will just like banks and fiats that can be fully controlled or manipulated so, creating centralized cryptocurrency will be useless.
If China have his coin? They already have his coin like most of countries.
Would they need BTC? It's not China who need, it's people who decided to use since it's better money than fiat. If China creates a cryptocurrency it will not be decentralized since they want to have control on it. So people would still prefer bitcoin.
Would they need BTC? It's not China who need, it's people who decided to use since it's better money than fiat. If China creates a cryptocurrency it will not be decentralized since they want to have control on it. So people would still prefer bitcoin.
So what? They wouldn't be the first country that is trying to introduce the coins sponsored by government but that doesn't mean that people will use it and that it will be successful. Just the opposite, people are usualy avoiding government sponsored cryptocurrencies. So even if that happened chinese people would still use Bitcoins, you don't have to fear.
Would they need BTC? With 1.3 billion potential users wouldn't that be enough?
There is vast difference between coin created by government and bitcoin, all government issued coin (if they will issue one in future) will be centralized and will be in full control of the government which is just like virtual bank balance we have right now so pretty much useless. Bitcoin is decentralized, anonymous, limited and self sustaining that's why it is most valuable coin out there.
I think they would support their coin very good. We will see this coin in the top 50 in the market if they are doing it good. A lot of miners are from China and they have good farms.
They also mine Bitcoins i have seen on some newspapers that they have a huge farm with coolers to get coins.
They also mine Bitcoins i have seen on some newspapers that they have a huge farm with coolers to get coins.
Would they need BTC? With 1.3 billion potential users wouldn't that be enough?
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