Topic: US vs China Trade War: Bitcoin Next Victim? (Read 489 times)

The US-china trade war has entered to the next phase and scenarios seems to be stretched long and expensive; G-summit which is going to be held in next will decide the next Bitcoin victim.

trade war between US and China has nothing to do with cryptocurrencies. US is ashamed to admit that China is more advanced in technology trade. US trade war is a form of US despair which loses in global sales. Cryptocurrency is not a victim in this case, in my opinion becomes a bridge of trade between USD & Yuan so both sides get the same profit.

In fact, quite frightening events are happening in the world now and no one can predict their consequences. The trade war unleashed by the United States against China and Russia can cause global changes in the world, but as often happens, the consequences of this war we will see in a few years, since we all know that the train cannot stop quickly and changes in the world can be unpredictable. No one knows how far this confrontation will go, but I know for sure who will lose in this war. These will be ordinary people.

USA cannot live without China's rare earth materials.

China presently produces more than 95% of all rare earth materials that are vital in the creation of a big variety of electronic technologies including lithium car batteries, solar panels, wind turbines, flat-screen television, compact fluorescent light bulbs, petroleum-to-gasoline catalytic cracking, and military defense components such as missile guidance systems.

So this cold tech war will end very soon

That's what they've informing / advising their users, they will create their own system to cater the issue with playstore, we will see in their next
updates if how they will perform and updates everything, with this trade war issue crypto might have some exceptional ends as it's not really
controlled by any country but those who loves blockchain system,

Yes, and I think bitcoin may be the next victim due to the US vs China Trade War. But I can not say anything specifically about this. Yes, US and China have a big deal with Bitcoin and US vs China trade war If it continues, its Bitcoin can have its worst effect. When the US vs China trade war are going on between two major influential countries, it is unlikely that its impact on Bitcoin may be more.

luckily the Chinese cryptocurrency exchanges are out of reach of the US and therefore they have nothing to fear, huawei is already organizing to equip their phones with a proprietary operating system

Not that it is an empire or that they control everything, it is simply a commercial problem, where there are no agreements and break, obviously Huawei is the most affected because they do not have as much strength, their biggest market is in countries like the USA, where there is a high volume of consumers, and that high consumer style makes them a big market. If Huawei takes as a quick initiative to introduce it into the Blockchain technology, it would be a masterful solution, but the Chinese would have to comply with the mandates demanded by the blockchain technology, this means that any blockade, or any prohibition against bitcoin, altcoins or the use of cryptocurrencies they must be canceled. However, it is to be expected that these exits have already been fully evaluated and I return and fall, the US market is the largest in the world, Europe too but I think that more consumerism is in the USA.

Huawei will be very difficult to get out of this huge problem, maybe consider joining another recognized brand to join forces and this company will not go down, because stocks in the Stock Market will lower and lower.

The consequences when these problems exist are very minimal, they have to find a sister company that can join together so as not to lose development, these types of problems always happen, when they occur, it is so that another new brand emerges with greater strength. the one that is dying.

A trade war over phones has almost no chance of affecting Bitcoin, unless the CCP decides that Bitcoin is a subversive Western invention that's trying to destroy the fabric of their society. Of course, one would think that they would have already declared that, but you should never underestimate the ability for governments to invent new reasons to ban something. Considering the relatively "neutral" stance that Bitcoin has, since it's not a project that lends its origins to any single nation, it shouldn't be politically impacted by any trade wars that go on. In fact, it might be used by some of the people within these countries to escape the economic ramifications that come from a typical trade war.

As for Huawei vs iPhones in the trade war, worst case is that China bans the manufacturing of iPhones, but that'd significantly impact their internal affairs because of the high revenue stream that iPhone production generates. I don't think that there will be anything that extreme, and Huawei wasn't a massive success in the US anyway, based on market share. Chances are it will be a death by a thousand cuts in this trade war.

I don't think these trade war against this two giant nation's will lead to cryptocurrency breakdown. Most likely they are testing their pride about their own phone flagship and if US will ban Huawei then China will strike back by banning apple in their country too.

At some point, it is not just Huawei is being banned because of their trade war. China banning Apple too on their country as if this trade war will not gonna make both of them bleed if their customer starting to decline in numbers.

So far there is no certain announcement yet that is made to target the Bitcoin, but it is hinting the China and US to make a move for this trade war to target cryptocurrency.

US government try to dump Huawei industry it's planning from long time ago i know that in some international news but finally happened. Crypto is not related here so that i don't think crypto will harm for this announcement trade war between US and China because of it's very different industry from crypto.

i think, it will again because now bitcoin grow up price for now. So, mybe USA or China will also back for bitcoin. I sure for future will any next victim, but i don't know who will victim.

Bitcoin is not yet allowed in both countries, who know 1 might jump in because of this Trade war

You can easily break it if they no longer are allowed to make use of Google services, which means that even the open source version of Android has become pretty much useless.

I don't see how their smartphone division can recover from this if it continues for years straight. It's incredibly difficult to create and properly market your own ecosystem with alternative apps and whatnot.

It might stimulate non reversible cross border payments through Bitcoin, which is a big deal. Countries in trade war use their financial systems to exercise control over money flows they don't like and censor them at will.

Bitcoins is out of US and China trade war. Their trade war is concerned over the countries trade policies which has not a got anything to do with Bitcoin. Bitcoin is universal currency and their respective action can't be used as a weapon against the other.

Hopefully BTC is not affected by the trade war between China and US. if it is affected by the time to buy and hold until it rises again. hee

Huawei can only blame themselves for this, because they tried to hide microscopic circuitry inside the equipment that they manufactured to spy on whomever used their technology. 

The US is not entirely innocent too, because they did the same thing with the exploits that they imbedded into the firmware of their Cisco equipment a few years ago. It is only political games that are part of the US trade wars with China and this will soon blow over, when the US realize that they need the minerals that are only sourced from Chinese mines. 

I was thinking about it when USA ban China mobile brand Huawei and If china legalize bitcoin in their country so dollar value could be drop.
China also ban apple brand in their country and em sure china really don't care about apple or android. Huawei now working on their own software.
In this war china is more powerful than USA. Will this war really affect crypto market?
https://beincrypto.com/bitcoin-legal-to-own-in-china-says-pboc-lawyer/

My point makes sense in that China produces the vast majority of hashing power and mining equipment, its invested in a huge range of blockchain startups and projects, it holds western capital in its exchanges and both it and the West are now arresting each other citizens for political gain.

Clearly both China and US have the capacity to disrupt crypto in a number of ways. Does that make things any more clear to you or too simple minded to take this onboard?