Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally - page 2.

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Quote from: beerlover on May 27, 2019, 01:26:52 PM

This is how we will be getting our value increase while supply keeps decreasing for bitcoin to become a stable coin that can now be used for store of value.

Being a store of value is the best feature Bitcoin can offer, and at the same time one that attracts the highest possible market cap in the long run. Gold is the perfect example of that. Its currency aspect is poor, has little industrial utility because it's so expensive, and it's hard to move from one place to another fast, but still it has a market cap of $8 trillion. Bitcoin does almost everything better.

I already noticed how people around me start asking question about how high Bitcoin will increase and what the best allocation of their wealth is to convert to Bitcoin. I'm pointing out that the price will increase as time goes by, but that they shouldn't focus on exact price levels, because the most important thing is to have wealth stored outside the banking system that keeps gaining value, and it's a solid hedge against fiat.

The mad gains are just a bonus for being early. It shouldn't be the goal in and of itself.

coin-investor

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Quote from: allthingsluxury on May 22, 2019, 07:09:40 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

This will surely benefit the market, the Chinese are the strongest in bussiness just go to any Chinatown in any country and you will a lot of Chinese controlling some areas of business in that country, but I don't think they will just go for Bitcoin, with so many good coins in the market, they are going to diversify their investment.

Kevin77

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Quote from: allthingsluxury on May 22, 2019, 07:09:40 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.

China is not getting worse like people think it does, the only problem they are having right now is mutual problem with other countries and mostly USA and they know that since its a mutual problem it will be solved much more quickly.

If USA is having a trade war with China it does affect the Chinese manufacturers badly and unfortunately to all world it will affect the price of products badly for everyone involved but that means American companies are not going to find cheap workers and cheap manufacturing neither and it won't help them neither.

Bitcoin does play a role in this for financial part of the deal to be done and people could use it as a loophole to deal with the money sending and receiving via the bitcoin or crypto world which would make Chinese yuan and dollar to lose value but its a temporary situation so its not a great thing for the long term, only good for short term.

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Quote from: buwaytress on May 28, 2019, 12:31:33 AM

If you think reading this side of the story's funny, try get on one of the Chinese search engines and read their version of it. Not any less or more ridiculous but gives you a really balanced perspective on the whole thing, but with the same point to arrive at: the days of old money and reserve are numbered. Something is going to give, and people are already looking for a safe haven before the machine breaks.

Some people believe they've found it already, and all this bodes well for Bitcoin.

Safe heaven is the key word in all this. We all read about that trade war between China and US, their allies are just following. Huawei is the latest example of it, huge companies are involved. Crypto was and is safe heaven, cause in every war you have winners and losers, why to bet on China or US and risk, when you can bet on crypto and win in any case? Many people still need to discover crypto and how to get in, and eventually all people will be in crypto, in the end or beginning it`s better to trust algorithm with your money than to have trust in any government and people who run it.

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If you think reading this side of the story's funny, try get on one of the Chinese search engines and read their version of it. Not any less or more ridiculous but gives you a really balanced perspective on the whole thing, but with the same point to arrive at: the days of old money and reserve are numbered. Something is going to give, and people are already looking for a safe haven before the machine breaks.

Some people believe they've found it already, and all this bodes well for Bitcoin.

magneto

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Quote

CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

Possibly. But that alone I don't think is reason enough that it would cause a huge spark in demand for bitcoin overnight.

This is because of the fact that if they are indeed using BTC as a tool to relocate their funds, they will most likely be doing so to convert to another fiat currency eventually, which means that the net effect will be close to zero.

This kind of usage of BTC as a capital flight regulations mitigator has already constituted a part of BTC's demand for ages, and it probably won't increase drastically all of a sudden.

The factor that will influence short term price movements is still mostly sentiments, speculators, and institutions. These fundamentals I think will reflect on price in the long run more so than the short.

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Quote from: Cosbycoin on May 25, 2019, 03:18:20 AM

It's funny how we just assume that every rich man is using Bitcoin to store their value just like their are no other means for them to store their values. Well, I'm not trying to say I'm not okay with that, if it's true, I'm okay with it. Like who doesn't want to make profit these days? Though one thing I'm always sure about is that after the rally they will still withdraw and cause the price to plummet after it has gotten to peak price. But one thing for sure is that I'm always ready for any thing that happens.

We are yet to get to the stage where people will start using it as store of value, average rich man would not do that yet because of its volatility and not to talk of very rich men, but the rich men we have in the cryptocurrency now are just storing their coin for the purpose of investment which majority of them are long-term investors, so as their fund keeps piling up in the market, bitcoin will keep increase while it’s also being demanded by general crypto payment merchants.

This is how we will be getting our value increase while supply keeps decreasing for bitcoin to become a stable coin that can now be used for store of value.

el kaka22

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Hong Kong and China are not totally the same thing and between USA and china trade war plus the early ICO ban and now mining ban china is trying to show that they are very against crypto but that is the government because they want to keep their cash valuable whereas people of china do not agree with the governments stance on this and China is actually losing a lot of income from taxes.

Now I am not entirely sure if this will make bitcoin go up for a long term affect, after all it is already decided and there is a trade war going on and there is an ICO ban for long time now and they did banned mining as well so what else could they do to make bitcoin rally again. However I am pretty sure it will have horrible affects on Chinese yuan which MAY result with bitcoin getting lower by Chinese people selling their btc to live on China that is getting worse.

omone1

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Let them buy as much bitcoin as possible so that the market can explode. When the mighty America sneeze, other countries catch cold except Israel. Some friends almost slain me for saying USA can't deal with China economically. Now we are seeing a start of trade war.

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Quote from: Theb on May 27, 2019, 09:46:25 AM

But to be honest China is on a different level and I don't think that US can sway the game with jusf rate increases as remember even their companies depend on the labor force of China, most of the US brands I see including Apple and Google phone are made in China if they threaten to push up the trade war against them. US companies will be caught in the crossfire and I don't think Trump can take the risk of all of their products not being produce in China anymore because Xi Jinping really has the power to ckose all their factories down.

This is what I worried about in crypto between these two countries war, I am being scared that there is a very big chance for the Bitcoin to become back in dump again price or illegal because of this.
If there are 2 major countries who are waging a trade-war game, there is a big chance for their economy to lose a lot. The businessmen and
elite people in both countries would attempt to convert their assets to a decentralized market. However, the international government could
also implement banning bitcoin and decides to do so because of these. It is because, in our law, it is considered as a money laundering.

Theb

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The US wants another booming Asian country to get down on their knees. What they are doing to China is what the US did to Japan in the 80s with the trade war they launch. Just like what they did before they are trying to block China's products by giving an unreasonable rate increase of their tariffs which will make their products much more expensive than their local goods.

But to be honest China is on a different level and I don't think that US can sway the game with jusf rate increases as remember even their companies depend on the labor force of China, most of the US brands I see including Apple and Google phone are made in China if they threaten to push up the trade war against them. US companies will be caught in the crossfire and I don't think Trump can take the risk of all of their products not being produce in China anymore because Xi Jinping really has the power to ckose all their factories down.

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Quote from: Febo on May 26, 2019, 09:58:42 AM

Not just trade wars with China but also situation with Iran. And all other countries looking what is going on. Each such events decouples USD and world reserve currency a tiny bit and pushes Bitcoin an inch closer there.

Where governments are questionable bitcoin becomes more and more a good option to flee to. I guess a good portion of adoption comes from those directions.

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Quote from: Kakmakr on May 27, 2019, 02:11:25 AM

China will get the upper hand on these trade wars when the US realize that some key minerals needed in electrical equipment can only be sourced from China. So, China has some leverage to negotiate better deals with the US to improve their situation. Tongue

Bitcoin losing more than 80% of it's value would put some damper on people's motivation to use Bitcoin as a safe haven, but as the video emphasises, Bitcoin is a borderless currency and it is an excellent tool to bypass sanctions and controls that are being done by international Banks. Wink

China getting upper hand seems difficult even if we take into consideration those minerals you’re referring to, cause Trump is a shrewd businessman and he’ll play his cards well to give advantage to USA in this trade war. Trump has already done the damage by banning Huaweii, and many other nations have followed suit and banned it too. The last line I’ll completely agree as it’s the only way they can take money out of their country without any bank or country knowing about it.

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The economic situation in China is indeed in a sad state, and the indicators that they declare are significantly overestimated, the real situation is much worse. Therefore, I also think that the rise in the price of Bitcoin is associated with an increase in demand for it from the Chinese government and Chinese businessmen.

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Quote from: Kakmakr on May 27, 2019, 02:11:25 AM

I agree with this.

When bitcoin will be use by this rich and big capitalist that would bring massive demand on the market.
It's just timely that these trade war just got aggravated this time and bitcoin is also very bullish, this theory really helps me to relax and just HODL.

Thanks for the input.

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China will get the upper hand on these trade wars when the US realize that some key minerals needed in electrical equipment can only be sourced from China. So, China has some leverage to negotiate better deals with the US to improve their situation. Tongue

Bitcoin losing more than 80% of it's value would put some damper on people's motivation to use Bitcoin as a safe haven, but as the video emphasises, Bitcoin is a borderless currency and it is an excellent tool to bypass sanctions and controls that are being done by international Banks. Wink

Reid

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An escape route. Yeah that could happen. Maybe they should first think of how they can get it out when invested with bitcoin.

I bet China government will be freezing all their accounts just so they cannot go away with it. They better move fast.
As of US, it aint really new that they will come up with something like this. Cornering China just so they could get the upper hand again and maybe shake rich people to leave and not support China anymore.

Why is US so scared with China?!!! I guess this will a long trade war. There might be no missiles but it will hurt them both.

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Well now there is one more option because the Chinese economy is in a certain discord with the USA, because the system that is given by Huawei with the USA has much to disagree.

The savings can move or make withdrawals with bitcoin, like the purchases of the same, the operations that are most visible is because there are more purchases currently, it may be due to the operations that are currently taking place.

The fact that this is happening in China will not see the direct impact with bitcoin, whenever bitcoin is sold, there is a buyer who acquires it, it is what is simply known as the Law of Supply-Demand.

But the commercial war that is generated will not affect the market directly of bitcoin, the only way that can be given with greater intensity is that it directly affects as a fundamental that directly affects the Chinese or American economy.

Febo

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Quote from: allthingsluxury on May 22, 2019, 07:09:40 AM

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

Not just trade wars with China but also situation with Iran. And all other countries looking what is going on. Each such events decouples USD and world reserve currency a tiny bit and pushes Bitcoin an inch closer there.

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Quote from: Gozie51 on May 26, 2019, 03:51:25 AM

Quote from: rose9696 on May 22, 2019, 07:55:51 AM

I think the war between China and America will make the crypto market profitable.

Sometimes I reminisce about the purpose of the creation of bitcoin and they are plenty in my head. This is one area that bitcoin importance will boom and the price will skyrocket. Gone are the days when people will struggle to carry their money to run away from a war zone or territory. What you need is just to convert and hold your cash in bitcoin.

We are thinking too much, but the situation right now can give positive impact on cryptomarket. China and America wont stop this trade war until the people realize that their fiat money is on risk, and left no choice but to invest on cryptocurrency. This is going to happen soon, cryptomarket will boom and companies will have their reserve money on cryptocurrency.

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