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

mazdafunsun

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Quote from: davis196 on June 11, 2019, 12:28:47 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, 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

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, 11:36:10 AM

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, 11:36:10 AM

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, 08:26:57 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, 02:39:39 PM

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

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, 03:51:22 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, 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

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, 11:34:41 AM

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

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

1Referee

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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.

iv4n

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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.

buwaytress

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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.

beerlover

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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.

sheenshane

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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.

klaaas

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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.

Juggy777

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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.

DmitFomin

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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.

freedomgo

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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.

Kakmakr

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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.

LUCKMCFLY

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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.

creeps

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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.

XFlowZion

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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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

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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.

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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.

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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?

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Possible. We saw a lot of manufacturers and giant companies side on the tail of US in the trade war following the Huawei ban for Google services. It only starts from there and I think a larger effect will be seen once other aspects of the trade ban start materializing. I for one believe that China is somewhat caught between a rock and a hard place here, and can only do things on their own which, I think some Chinese people wouldn't fancy in any way. Assuming that this trade war gets even nastier, people will soon see bitcoin as a way to escape the devaluing Yuan, and boy it will be quite a spectacle for the rest of the world to see (not that I want China to lose its economic strength but oh well.)

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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.

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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

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.

It's true that the trade was escalated pretty quickly, but don't think China depends only on US. They have retained number one position in international exporter's list since 2009. The trade war will definitely impact them, but not to that extent where they will have to find an alternate way!!

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This indeed makes sense as investors are looking for safer havens to protect their investments but not only in China as news came out lately of an upcoming major global recession and those who are invested heavily on stocks are opting to diversify some of their investments to BTC and other major crypto which I think will be very good for the whole crypto industry itself.

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Quote

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.

This is a great evidence that bitcoin can really act as a great and popular safe haven during times of troubles, problems and chaos. Just like the real gold, bitcoin is now cementing its reputation on this aspect but the main difference with the real gold is that bitcoin has more potential for excellent and amazing growth. The more that there will be problems in many countries' economy and the more that countries are getting into trade wars, the better bitcoin is gonna perform. And this is also showing us that despite banning bitcoin, moneyed people in China can easily get away and own bitcoin. Geographically, they can go to Hong Kong or Macau just to buy some bitcoin or even visit any Asian country for that matter.

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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.

Just IMHO but the main problem of chinese economy is not a trade war but their economic system. Their economy looks pretty much like in USSR. Chinese politicians may spend billions in order to provide funding for some road construction that is not needed at all. That is made only in attempt to increase their GDP but it doesn't give us the real effect. Considering how much money they spend on nothing Trade War is not really a big deal.

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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.
A great field in the technology environment. Venezuelan people have also come to Bitcoin to buy more in the past. Chinese and Americans will soon find Crypto. Grin

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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

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