Topic: Look at the Bitcoin bull run from the policies of China and the United States (Read 202 times)

I agree if Bitcoin is adopted by other countries, but I don't agree if Bitcoin is adopted on a large scale and does not limit the ownership of every institution to Bitcoin, because the adoption of unrestricted Bitcoin ownership results in price manipulation and unfair correction. Shouldn't we learn from China?
every time the Bitcoin ownership is large, it always makes a large disposal.

look at the impact that China has had, it has left millions of small traders feeling unprivileged. while the purpose of bitcoin is not to trouble the owner. and that goes against the first rule of Bitcoin's creation.

where do we apply for this? that every country may adopt Bitcoin, but with certain limitations and amounts. thus minimizing the price damage in the market is much more optimal.

why are there still so many terrible assumptions about Bitcoin? Well, of course that's because there is often a price manipulation by those who control prices, especially whales and intuitions.

The policy made by China has indeed become very controversial and made the price of bitcoin fall by -50%. Countries that are supposed to support cryptocurrencies are actually banning crypto and expelling miners from China. this deepens the bear market. But chances are this won't last much longer. There are many other countries that have adopted and legalized bitcoin. bull market is coming soon and just waiting for the right time.

The wrong policies of the capitalist and communist governments lead to an increase in people’s interest in Bitcoin and cryptocurrencies as a safe haven from inflation and economic collapse. These big mistakes that these governments make are actually helping to keep the Bitcoin market bull, but at the same time this leads to a backlash from these governments towards the growth of the Bitcoin market , and this explains to us the reason for the recent attack by the governments of China and the United States, as well as Japan, France and Canada against Bitcoin and cryptocurrencies, we can explain the recent attack on Binance because of these growing fears from these governments that people are turning towards Bitcoin and cryptocurrencies.

China don't seems to regulate Bitcoin and Indulge in any crypto related activities with their fresh decision of banning bitcoin mining and taking into consideration their CDBC digital YUAN.The China will never allow it's citizens freedom of money and all they will do is spread FUD with their centerally operated media and make people believe btc is scam but failed every time.But if we talk about US then it might be having a less strict approach towards Bitcoin and other altcoins because the senator, treasurer and governors are crypto enthusiast and some of th government officials are also holding Bitcoin and rumours are there that they can also pass crypto bill in future.

The regulation by these countries will surely affect bitcoin prices as great percentage of people use crypto here and moreover it will be ideal move for other nations and they will also follow them.They are superpowers and developed countries with highest economic growth but printing money out of thin air just insanely worth trillion dollar would affect them reversely so they need to step into crypto and could earn tax from it which will help them in revenue increment.But still it's just a discussion.

The politicians lies and decent are the reason why we're here today. How can you be sure the reason why Trump tariff war with China was to capital move out of China like you and him (Trump) make the decision? This people can't be totally trusted.


I'm not into politics and I don't want to either. I don't when everything you stated will happen but for crypto market after the current bull market we're since last year November the next occasion is a market correction which I believe will happen next year.

Nono, the deal could be already done because see how many Bitcoins are already in circulation anyway. This could be a very smart move by China, killing the mining industry in order to send the signal that they are against Bitcoin while they are already sitting on four or five million Bitcoins. It would be genius if it pays off because again they would benefit when the rest of the world pushes the price per Bitcoin to half a million USD while they lean back and enjoy!

The economic policies of both China and the USA are definitely very important to the well being of Bitcoin and other Crypto currencies. We know when these economies struggle, Bitcoin just flourish ...because people will turn to Crypto as a hedge against economic hardship.

Bitcoin will have a Bullrun when there are positive vibes coming from regulators in these countries, but the opposite is also true..as we have seen with the latest clamp down on Bitcoin in China. (We lost almost 50% of Bitcoin's value, when the Chinese government started with these bans)   

All economies were affected by the pandemic and I don't think there is any government that didn't print a lot of money during this time. The only difference is that some governments like in US went nuts and printed an absurd amount of money and that is affecting their economy in a big negative way not the pandemic.
I agree that Chinese economy will not suffer as much but I believe it is because interestingly China suffered a lot less from the pandemic compared to other countries, even though it mainly started there.

The People's bank of China can't compete with the Federal reserve,when it comes to quantitative easing.
The Federal Reserve can print unlimited money,while PBOC have to rely on it's currency reserves,in order to inject fresh money inside the Chinese economy and financial sector.
I don't really believe that Chinese economy will suffer after the pandemic is over.I actually think that it will be quite the opposite.The global economy will recover from the pandemic,which means that the global demand for Chinese goods will increase.

As the pandemic started, China was at its best with their economy. But lately, we're seeing that US is also going there and more with the recovery. The impact of this would be good if they will make such good statements about bitcoin.

With the latest news, IIRC, Biden is starting to get his touch with cryptos too but the impact of it for every individual would be a lot in terms of taxation. CMIIW.

everything is related. covid pandemic is just a perfect setting which is why every conspiracy theorists are looking into why all countries conspired with each other.


i believe so too. why they crackdown and allow miners to move elsewhere is probably just for a show but when it comes to finance, this race had almost perfected everything. more than 10 years of having all the biggest hash from them so if they really hate the idea of decentralization, they would likely be seizing the digital assets but they allow the miners to continue for years.

China has an enormous on Bitcoin and I can't get rid of the idea that China owns also a lot of it. It is not just recently that they closely scan markets and buy up all kinds of assets. They are very advanced when it comes to (financial) technology. I am convinced they own a big bag of Bitcoin and are now running a distraction maneuver by banning the mining operations. Imagine Bitcoin one day makes it to 10 trillion total market cap and China owns 40% of it.

After each big bull run of Bitcoin, policy makers or news makers are very busy with their works. Announcing small to big changes in policies and new makers will take it then spreading more.

I don't see any serious problem with tax in the US. because people have to pay tax for their earnings. It is reasonable and if crypto market want to be legal tender, it has to obey to tax laws.

China, lots of fud from China and we see it every year. China is a perfect source of fud because the nation has dictatorial policies and people tend to be more easily convinced by fud from China.

There is no doubt that the bull market is still there. If my judgment is correct, as countries start to issue additional currencies, there will be a steady stream of funds flowing into the Bitcoin or cryptocurrency market. A recent German news article can also support my argument
"German Law Allowing $415B Investment Into Crypto Takes Effect"
https://www.coindesk.com/german-law-allowing-415b-investment-into-crypto-takes-effect

Perhaps from another perspective,

whether it is cryptocurrency, stocks or housing prices are a form of quantitative easing policy.

the state prints more and more money,

but prices will not become higher and higher (total It takes a period of buffering),

at this time the money ran into the financial market, which is what we often call a bubble

Of course, through various financial means. For example, leverage, futures, let retail investors burst their positions, so that the bubble will burst.

As we all know, China and the U.S. are the two countries that have the greatest impact on Bitcoin.

At present, the Fed has not yet initiated a deflationary policy, the US dollar continues to be issued, and the interest rate hike proposal has not yet passed. But at the same time, China has not overprinted money. The reasons are worth pondering.

The strategic significance of Trump's tariff war with China is to promote capital to move out of China and create a distributed multi-production country competition pattern, so that the United States is no longer restricted by a single supplier and reduces its own strategic risks.

Just as China was facing the trouble of capital relocation, COVID-19 broke out. Unexpectedly, due to the good control of the epidemic in China, countries that originally wanted to lure and force manufacturing capital to flee were all captured by the virus. China has achieved a great monopoly advantage for a while. The lifestyle products that were originally not strong in core competitiveness also suddenly gained a competitive advantage. This inflation was reversed back to the United States. The prices of living materials have risen one after another, causing prices to continue to inflate.

However, the Fed is waiting for the epidemic to end, the vaccination rate will increase, and the spread of the virus will slow until it is completely wiped out, waiting for capital to flow from China to foreign countries. Then China will lose the pricing power it has acquired due to COVID-19. Then China will be forced to cut prices, or adjust the exchange rate, relative depreciation and thus reduce prices in disguise. The price inflation in the United States will be completely resolved. The Fed understands it well, so they confidently say that this is all temporary inflation.

But China will also foresee this information in advance, and the most reliable way is to implement quantitative easing policies. To achieve the same level of quantitative easing as the United States, so as not to suffer losses after the epidemic is over.

Central banks around the world are in a sense the shadow branches of the Federal Reserve. China's is no exception. Some people say that if the epidemic is brought under control, the Fed will raise interest rates and assets will plummet. NO. Prior to this, other countries must take turns to implement unlimited quantitative easing until the level of quantitative easing reaches the level of the United States, otherwise it will cause a blow to their own economies. After the beginning of the round of easing policies in the second half of the year, the price of Bitcoin and other assets came to a big bull market.