Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally

mazdafunsun

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Quote from: davis196 on June 11, 2019, 01:28:47 PM

Since the last 5 years,there are many rumors that the China economy is about to crash,that it's a giant bubble and the big government debt will cause a financial disaster in China.Nothing of these predictions ever happened.I don't think that a collapse in China will boost the bitcoin price,because China isn't that important for btc.

Till now it has not happened because China is controlling all aspects of their economy. If China would be free market economy it would have crashed a long time ago. In my opinion even with controlling policies it can not go on for ever, it will crash at some time.

davis196

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Since the last 5 years,there are many rumors that the China economy is about to crash,that it's a giant bubble and the big government debt will cause a financial disaster in China.Nothing of these predictions ever happened.I don't think that a collapse in China will boost the bitcoin price,because China isn't that important for btc.

indrakusumaindra

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Quote from: allthingsluxury on May 22, 2019, 08:09:40 AM

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

I do think dollar might lose control and his position caused by the trade war and there is a lot of rumor such as rusia are about convert all the dollar into bitcoin. I do think amerika will lose the trade war against china and the trade war only make bad impact to their economy.

rez303

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IN the past I was convinced that crypto and stock markets are inversely correlated and when stocks were going in nose dive , I was certian that crypto will get a influx of funds from stocks but no, BTC was going down.

Now when stocks again are going down, BTC is going up.

There is no real correlation between these markets. But sure the logic of sotck money going to BTC is solid and could be true in the future.

I also think like you. because both are financial markets and they are quite similar. When stock investors hate safety, they will move to crypto market and use more money to manipulate easier. they are no longer under control and sometimes they earn more than invest in class A stocks.

BTCappu

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China will be fine financially even if bitcoin becomes a million dollars each and they still decline it.

We are talking about a country that has so much money that literally every single country in the world is paying them more than they can afford and giving them treasury bounds just to chance of keep working with them which I have to say includes all countries, even USA is doing it so think about how third world countries are doing it.

So, basically china is getting money from all countries plus from countries that can't afford it pays them with their treasury future income, nations literally makes a debt with china. If china stops selling ANYTHING ever again they still have enough debt to collect for 10+ years of operations. Bitcoin can't make a single dent on that, neither can Trump.

Adriano2010

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I don't think this affect bitcoin price, but the problem between SUA and CHINA can affect people because if the smartphone problems with google people will need to buy new smartphones to use apps.

bitgolden

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Quote from: justdimin on June 03, 2019, 12:36:10 PM

Do you guys really think this can continue for a long time? I know Trump has been the president for the past couple years and I know that there is another election in 2020 (no idea which month, I am not american sorry) and if another candidate wins then maybe everything could change ?

If trump continues to be president for another 4 years that means we are going to see a lot more stuff like this and since he would be in his last term for sure he won't have to deal with popularity anymore and will do whatever he wants because he knows he is not going to get elected again and that may result with even much worse stuff as well. So all in all we may have a china war for far too long and much worse which would make bitcoin a lot better or we may have another candidate and china will be friendly again which would be bad for bitcoin, which is more plausible right now?

People keep saying the trade war between USA and CHINA affects cryptocurrency positively but I still don’t know how because those who are saying this has failed to list exactly or explain exactly how it will do that because to me, I still do not see any correlation, because the trade that exist between both of them is strictly buy, selling and productions of goods and services, but what has currency gotten to do with it?

As far as I even know, both countries are still the number 1 people that are against cryptocurrency, so before I join the this trend, I need the OP or you to exactly break down , how there war will flow to bitcoin.

Barbut

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Quote from: justdimin on June 03, 2019, 12:36:10 PM

Do you guys really think this can continue for a long time? I know Trump has been the president for the past couple years and I know that there is another election in 2020 (no idea which month, I am not american sorry) and if another candidate wins then maybe everything could change ?

If trump continues to be president for another 4 years that means we are going to see a lot more stuff like this and since he would be in his last term for sure he won't have to deal with popularity anymore and will do whatever he wants because he knows he is not going to get elected again and that may result with even much worse stuff as well. So all in all we may have a china war for far too long and much worse which would make bitcoin a lot better or we may have another candidate and china will be friendly again which would be bad for bitcoin, which is more plausible right now?

Trump will not be a president forever, some other dumb ass will replace his place, like its always happens. I`m antipolitical, names are different but situation with every president is almost the same, rich people are getting richer, there is more poor people than ever.
Cryptocurrencies are the future, not just bitcoin like in this topic, cause there will be not enough bitcoins for all the people in the world. Some other coins will be popular too. Its about what traditional system can offer to us, and what crypto can offer to us. I`m for crypto, for transparency, for freedom, some platform will replace entire administration along with presidents, decentralization is what people have to choose now to have better tomorrow, presidents are just show makers and tool for corporations to control the people somehow.

Kimonoe

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Quote from: ethereumhunter on May 30, 2019, 09:26:57 AM

People will see a way to use bitcoin as the payment or the investment besides fiat because of the trade war between China and the US. I think people are tired to see their government make war in many aspects because that will make their country could be unstable to growth, and they can lose the opportunity to grow. And if the war continues, I think bitcoin itself will be one of the ways to help people so they can have a new way to make money for their daily life.

right, bitcoin is becoming a unifier of their economic trade war. it is true that if the war continues, then bitcoin will take advantage by becoming mediators or solutions in their economic cooperation

justdimin

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Do you guys really think this can continue for a long time? I know Trump has been the president for the past couple years and I know that there is another election in 2020 (no idea which month, I am not american sorry) and if another candidate wins then maybe everything could change ?

If trump continues to be president for another 4 years that means we are going to see a lot more stuff like this and since he would be in his last term for sure he won't have to deal with popularity anymore and will do whatever he wants because he knows he is not going to get elected again and that may result with even much worse stuff as well. So all in all we may have a china war for far too long and much worse which would make bitcoin a lot better or we may have another candidate and china will be friendly again which would be bad for bitcoin, which is more plausible right now?

ethereumhunter

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People will see a way to use bitcoin as the payment or the investment besides fiat because of the trade war between China and the US. I think people are tired to see their government make war in many aspects because that will make their country could be unstable to growth, and they can lose the opportunity to grow. And if the war continues, I think bitcoin itself will be one of the ways to help people so they can have a new way to make money for their daily life.

Indrawan77

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This could be the big opportunity for bitcoin to rise and show the usefulness, bitcoin is the best investment because its not affected by politic or economic condition, the government couldn't affect anything on bitcoin, and this is the perfect example why crypto investment is better than fiat investment, if the war keep on going it could damage the fiat pretty bad and it will be bad for traditional investors

aad140386

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It is likely that this is really true and many Chinese businessmen convert yuan and dollars into bitcoins. In any case, there really is a real explanation for this. Business is scared the trade war and trying to insure its risks. Moreover, over the past 10-15 years in China, the number of millionaires has increased at times. But I think that if the trade war will escalate, then the consequences for the entire global economy may simply be unpredictable. And for cryptocurrency too. I can not say with confidence that cryptocurrencies will grow in the event of a new global financial crisis.

Ozero

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If it also notes and uses the government of China, then the trade war between the US and China will help legalize cryptocurrency in that state. In any case, this will have a positive effect on the cryptocurrency as a whole. Including it is to be hoped that this trade war will lead to an increase in the price of cryptocurrency in this region, and indeed in the world as a whole.

Kemarit

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Looks like China is playing the "precious metal" card as it's last weapon against the US. They all know for a fact that US needed it for Iphones and advance precision weapons. So the trade war is really escalating and as much as I don't want to say this, it will spill over to military but General Joseph Dunford says that President Xi broke a promised that it won't militarize the South China Sea, but China is still up to this day but putting a lot of military installations on that disputed island. So it's a big scary specially in the Asian region.

But I'm not sure about the positive effect on bitcoin though, maybe Chinese elites are going to hedge their wealth on bitcoin, or maybe not. There are a lot of factors need to be considered before they thinking of shifting on cryptocurrency. So let's see if there's going to be a huge capital flow on our market because of the current tensions.

NeverSop

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Quote from: arpon11 on May 29, 2019, 03:39:39 PM

Quote from: allthingsluxury on May 22, 2019, 08:09:40 AM

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

If this trading war between America and China is going to cause capital flow to cryptocurrencies market and bitcoin I will pray that the war should continue as this will make bitcoin become popular among the rich guys in China. I believe that something like this is going to happen one day and that will bring bitcoin to the mainstream media and society! Bitcoin is a safe haven to any economic that is witnessing trade inbalances and the example of that is what we are seeing happening now.

I think that the Chinese elite, organizations, and financial groups have infiltrated and speculated on bitcoin for a long time and hidden themselves by balancing and controlling their sources of money intentionally. We know beforehand that bitcoin in China has a huge impact on bitcoin. Because more than 70% of mining mines are operated there.

Yutikas_11920

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Quote from: pinkpanther03 on May 29, 2019, 04:51:22 PM

As China is planning to eliminate bitcoin mining in their country, rich chinese people are starting to hide some of their fortune in terms of bitcoin. Consider also their economic status, things that happen to US few year ago when it experienced recession. With these, I think you're right that this may lead to bitcoin rally especially when bitcoin price is on the rise.

I think China will not completely eliminate bitcoin mining because as long as bitcoin can still be mined, some people will still do bitcoin mining until bitcoin has reached its maximum point of supply.

pinkpanther03

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As China is planning to eliminate bitcoin mining in their country, rich chinese people are starting to hide some of their fortune in terms of bitcoin. Consider also their economic status, things that happen to US few year ago when it experienced recession. With these, I think you're right that this may lead to bitcoin rally especially when bitcoin price is on the rise.

arpon11

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Quote from: allthingsluxury on May 22, 2019, 08:09:40 AM

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

If this trading war between America and China is going to cause capital flow to cryptocurrencies market and bitcoin I will pray that the war should continue as this will make bitcoin become popular among the rich guys in China. I believe that something like this is going to happen one day and that will bring bitcoin to the mainstream media and society! Bitcoin is a safe haven to any economic that is witnessing trade inbalances and the example of that is what we are seeing happening now.

TheCoinGrabber

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Quote from: stompix on May 23, 2019, 12:34:41 PM

Quote from: TheCoinGrabber on May 23, 2019, 11:47:32 AM

Many people here in the forum are speculating that the money the Rothschild got for selling that forest is gonna be invested into crypto and that they are just waiting for, or might even engineer a crash to buy in low.

Oh god....
I heard the flat earth society is also heavily invested in litecoin! /s

Well, someone's got to believe in something stompix. Haven't you heard from the media yet that Bitcoin is supposed to be fascist -- like the OK sign?

It wouldn't be surprising if various "enemies" of mankind has staked out various crypto already. Ethereum is reptilian now. Grin

Topic: Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally (Read 673 times)