Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally - page 3.

XFlowZion

full member

Activity: 392

Merit: 100

Quote from: awik p on May 26, 2019, 01:08:09 AM

Quote from: Shenzou on May 24, 2019, 05:10:44 PM

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

yes, hopefully this will have an impact on bitcoin, which is a common currency, so there is no more industrial competition that affects the currencies of each country. if this is true, BTC investors will smile

If you ever feel thanking Trump for this then think again. That madman is unpredictable and this outcome just shows how far he can go when his insanity kicks in so you guys better wish that he won't intervene with cryptocurrency trading in US. Remember that he is not into btc so once someone convinces him that crypto is not good for US then we don't know what will save this market.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

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.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: Shenzou on May 24, 2019, 05:10:44 PM

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

yes, hopefully this will have an impact on bitcoin, which is a common currency, so there is no more industrial competition that affects the currencies of each country. if this is true, BTC investors will smile

Cosbycoin

hero member

Activity: 980

Merit: 506

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.

Shenzou

sr. member

Activity: 1400

Merit: 283

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: uneng on May 24, 2019, 12:06:14 PM

China needs foreigner markets to sell their stuff (and in large quantities to be profitable), Usa is a main customer, Trump is protecting the national industries increasing fees over chinese goods, Chineses profit decreases, industries have to slow down their production, their economy is totally affect, weaking yuan, then the elites need to save their personal economies from devaluation and bitcoin looks a very good option. The scenario is interesting for Usa and bitcoin, although for China it's a disaster.

But I don't think China will feel the effect just like that. They have built their economy in the last 10-20 years and no one can simply stop, not even US, imho.

But I would have to agree that bitcoin or crypto is one investment platform, that the rich and wealthy Chinese might be looking at this point.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

China needs foreigner markets to sell their stuff (and in large quantities to be profitable), Usa is a main customer, Trump is protecting the national industries increasing fees over chinese goods, Chineses profit decreases, industries have to slow down their production, their economy is totally affect, weaking yuan, then the elites need to save their personal economies from devaluation and bitcoin looks a very good option. The scenario is interesting for Usa and bitcoin, although for China it's a disaster.

barbara44

hero member

Activity: 2548

Merit: 605

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

[im g]https://i.ibb.co/CKZC1xR/Bitcoin-Rally.png[/img]

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

Well whatever economy challengethey are having or any trade between them that makes them see bitcoin has solution or way out of some of the circumstance will surely favor bitcoin in a big way, but for now, I don’t really see people of china, especially the influential ones use bitcoin as solution to any of their problems yet.

They still have some doubts about the system and until the air is cleared about it and bitcoin is generally supported in china before they can even consider it as an option, but if it’s to move money without them being traced, I am sure some of the elite may think of bitcoin.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: kryptqnick on May 23, 2019, 12:41:10 PM

With China's economic problems escalating it seems natural to expect China to make the US pay the huge financial debt. As the US is not doing great with such payments, the next likely action is the US printing more money to make the payments.

First, debt doesn't work that, China has bought that debt under some condition, your bank can't come knocking at your door and ask you to pay your entire mortgage tomorrow.
Second, the US is doing actually great with those payments, that's why people are buying it because of it some of the most secure assets.

Second, China is the last country that would want to see the dollar experiencing inflation and Americans losing purchasing power. They rely on the US for 500 billion in exports, losing that market would be a blow to their economy, cutting 20% of their total exports and more than halving their trade surplus. Combine that with tens if not hundreds of thousands of job losses and it's nothing Chinese officials want to happen.

cryptjh

full member

Activity: 532

Merit: 187

Both the Chinese yuan and the American dollars are being printed in so huge numbers that it should end in a global currency collapse one day, but that day can be 20 years from now. So the bitcoin rally can take decades, where people each year can see that there fiat currency can buy them less each year, while their bitcoins over the years will increase there buying power.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

With China's economic problems escalating it seems natural to expect China to make the US pay the huge financial debt. As the US is not doing great with such payments, the next likely action is the US printing more money to make the payments. This, in turn, will eventually lead to dollar collapsing because of uncontrollable inflation. After that, it's hard to predict the impact on cryptocurrencies. I think at first it might be negative with people following the general panic disposals of money. However, this kind of event could boost adoption, since cryptos are inflation-resistant.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Beerwizzard on May 22, 2019, 08:11:58 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. Because the cryptocurrency market is a decentralized market and it does not seem to be affected too much from other financial markets.

Not being affected also means that this trade war wouldn't make crypto market profitable. You are contradicting yourself.

You have to spin it somehow that is good for bitcoin no matter what, right? Grin

The problem is that a real economic war happens, not the small kicks we're witnessing now all the countries are going to suffer, and if commerce is gone most will care about their job rather than some cryptos that are no help at all. There will be no Chinese elite anymore and no money left.

And even if they would use BTC to get around capital control, just as they buy BTC they will also dump them to get their fiat back. If they wanted to invest in BTC they had years for it.

But I'm always amazed by how some bitcoinist pray for bad things to happen just so that bitcoins can gain another 100$ in price...

Quote from: TheCoinGrabber on May 23, 2019, 10:47:32 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

TheCoinGrabber

sr. member

Activity: 994

Merit: 302

I thought China has further increased control over crypto flow? Regardless of that, the eventual mining ban could as well cause a price hike if no alternative large scale mines take over producing.

I'm more interested about the elites in other nations are gonna respond to the trade war the increasing uncertainty. 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.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: nur rochid on May 22, 2019, 11:26:45 PM

Quote from: Pamadar on May 22, 2019, 09:32:14 PM

Quote from: tippytoes on May 22, 2019, 06:40:24 PM

Quote from: Ailmand on May 22, 2019, 02:25:34 PM

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

China has always been clever to take advantage of the opportunity to become the most influential country about the economy. last year there was a dichina issue that crypto was banned, but I think there is another purpose behind it, and we believe China holds a dominant role in cryptocurrency

Although they are a good player who can use the opportunity, they cannot be clever in all situations, and I am sure that in one moment, they will make a mistake.
We can let China decide whatever they want to and if they really want to ban cryptocurrency and prohibit mining, then we cannot do anything because that will be their regulation related to cryptocurrency.
I am sure if China really out from the cryptocurrency, they will still watch out the developing of cryptocurrency, and they will still give a part in the secret without anyone knows.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Pamadar on May 22, 2019, 09:32:14 PM

Quote from: tippytoes on May 22, 2019, 06:40:24 PM

Quote from: Ailmand on May 22, 2019, 02:25:34 PM

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

China has always been clever to take advantage of the opportunity to become the most influential country about the economy. last year there was a dichina issue that crypto was banned, but I think there is another purpose behind it, and we believe China holds a dominant role in cryptocurrency

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: tippytoes on May 22, 2019, 06:40:24 PM

Quote from: Ailmand on May 22, 2019, 02:25:34 PM

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

jseverson

hero member

Activity: 1834

Merit: 759

Quote from: avikz on May 22, 2019, 09:27:56 AM

I doubt anything of that sort will happen! China has already come down heavily on bitcoin and I am sure Chinese elites will not take such risk unless and until they want to flee out from the country. Even if some elites decide to use cryptos to safeguard their wealth (which is highly unlikely) they will use a portfolio of cryptos.

They use OTC exchanges which are still perfectly legal there, meaning there is negligible risk outside Bitcoin tanking. Given the nature of OTC trading, it's not going to impact prices directly, but could have trickle effects of some sort.

Quote from: AjithBtc on May 22, 2019, 07:51:27 PM

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time.

It's literally starting now though, with the US and China raising tariffs on each other's products. This has nothing to do with being cashless.

orions.belt19

full member

Activity: 686

Merit: 146

Quote from: AjithBtc on May 22, 2019, 07:51:27 PM

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time. Now with the payments app alipay, tencent each and every form of payments were made without any intervention of banking bodies. When it comes to USA the same is being done through visa, and other payment processors along with banking system. In China most of the people even don't have a bank account. This cause a major loss in revenue to big giants and that pressure is getting reflected in such a way.

Actually, trade wars have already been ensuing between the two. Tensions are high right now between the two. The huawei ban on google services may only be the start of it. Even while China has been trying to separate themselves through tencent and alipay, they will still be affected. The huawei ban will affect users globally. But even with these events, we can't say for sure what the Chinese elites will do. It might even be better to keep their bitcoin during these kind of times.

The US has raised their tariffs on $200bn of Chinese products, and is starting to make an additional of $300bn of Chinese goods. If this trade war continues, the global economy will be affected.

Source

AjithBtc

sr. member

Activity: 1666

Merit: 276

Vave.com - Crypto Casino

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time. Now with the payments app alipay, tencent each and every form of payments were made without any intervention of banking bodies. When it comes to USA the same is being done through visa, and other payment processors along with banking system. In China most of the people even don't have a bank account. This cause a major loss in revenue to big giants and that pressure is getting reflected in such a way.

uray

hero member

Activity: 1400

Merit: 505

Quote from: Ailmand on May 22, 2019, 02:25:34 PM

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

Bitcoin is the right tool that can be used in situation like these and once people understand the real value in this market i was aware of the potential a long back and hence i took special interest in bitcoin and other things in the past especially mining because it was evident that it will be the future when it comes to trade and transactions and to over come certain restrictions and over come government sanctions. I am not sure whether the current market rally is because of these trade wars, either way it is good to see things change.

Topic: Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally - page 3. (Read 697 times)