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Topic: US vs China Trade War: Bitcoin Next Victim? - page 2. (Read 489 times)

legendary
Activity: 2912
Merit: 1068
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I can't see how this theory makes any sense. Yes, there is ongoing trade war between US and China but Bitcoin has not anything to do with it. To be affected Bitcoin should be formaly used and recgonized in economies of both countries and we know that isn't the case. So I really don't understand your point because it makes no sense at all.
legendary
Activity: 1946
Merit: 1137
"victim"?!!
bitcoin is not even affected by this trade war between US and China let alone be the "victim" of it. that could have been a concern if bitcoin was really being used as a currency for trades on a big scale but we all know that bitcoin is used as a currency but only on a very small scale and it is still treated mostly as an investment.
so the connection you are trying to make here doesn't even make sense.
member
Activity: 756
Merit: 12
Let's be honest.. China would very easily win nearly instantly if they wanted to

Agree, China holding biggest US bonds and if China want to dump this bonds, i can not imagine what happen with USD. Beside that, China is biggest consument in soybean and i am believe US already suffering about soybean supply and price
member
Activity: 896
Merit: 17
Huawei is now in the top three in terms of market share of smartphone sales, I do not think that it will be possible to break such a Corporation.I'm not sure this war will affect the cryptocurrency in any way.
full member
Activity: 546
Merit: 100
Us and China trade will affects the whole world and may they can come for bitcoin too but the problem and competition among these two are not a new but it is started from the last decade and China is the big economy for the world so the war between them can be dangerous for the whole world.
legendary
Activity: 2548
Merit: 1054
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Let's be honest.. China would very easily win nearly instantly if they wanted to
full member
Activity: 324
Merit: 100
funny trade wars, America and China felt each other the greatest in the economy, but they (US) forgot, that Iphone spare parts were in China  Grin
If that would associate crypto values, especially bitcoin, it would look even more strange. they should see the difference is an advantage if together.
hero member
Activity: 2646
Merit: 548
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Upon the trade war between USA and China bitcoin is not gonna get affected. Huawei being a leading technology giant doesn't have anything relative to our bitcoin. From my understanding if there arise a war or restrictions/ban over the mining equipments then our bitcoin and cryptocurrency network might gets crashed. Until then we're not going to get affected now.
legendary
Activity: 3164
Merit: 1069
US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

Trade wars has actually benefited cryptocurrencies. With companies unable to trade directly with banking system, they'll do so with crypto.
There are many companies in between Huawei and US tech companies that would benefit from the indirect trade fueled by bitcoin and crypto.
Trade embargo has always paved new roads for crypto.
hero member
Activity: 1414
Merit: 516
Even if there will be a trade war between China and US, even with Huawei and Google problem, i think bitcoin will not be affected and even then will grow and and people will start invest on when see the bitcoin price growing.
sr. member
Activity: 1596
Merit: 335
Bitcoin would never get involved in Us and China's trade war. Huawei is a different part of the story. I'm sure that they wouldn't use or hit bitcoin because of their trade war because it's something that they couldn't control. Bitcoin could soar despite biggest country with a huge number of user's conflict.
hero member
Activity: 2842
Merit: 772
US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped.

Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive.

Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted.

I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor

I would agree that we shouldn't overlook at the effects on crypto, but I don't see a point wherein we will severely affected because of this so called trade wars.

Vulnerabilities could be on the mining gear, but if US blocks its import to their soil, a lot of nation can take advantage of it and take the lead.

I'm also not familiar with Western capital tied up to huge exchanges. So I can't say what will be the impact for now.
jr. member
Activity: 278
Merit: 2
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

1st of all , Huawei is not just depend on it's mobile phone production. They have a diversified business. They are the leading network equipment supplier. Also they recently started suppling 5G networking equipments to different countries. So, USA can't stop their business.

Secondly, Bitcoin isn't controlled by China at all. So, there is no question related with this trade war.
hero member
Activity: 784
Merit: 502
US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped.

Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive.

Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted.

I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor
legendary
Activity: 3080
Merit: 1353
First off, US can't wipe out Huawei, obviously they have their reasons for banning it in their country. Could be because of the trade wars that has escalated in the last 4-6 months or so. Second, I don't see any Chinese crypto technology and exchanges being on the firing line here. On the contrary, there have been a lot of speculation since this who drama, that the Chinese are hedging their wealth on bitcoin that's why the price have been gaining since February. So if there is an effect on crypto, it's been very positive up to this point.
hero member
Activity: 924
Merit: 506
Huawei getting more market share was always a threat to US. They simply don't want that.

Trump is a loose cannon and i can't guess how will he act next. But still, even things escalade bitcoin won't be the victim. In the contrary, bitcoin would be a safe harbor for investors while big economies having bad times.
legendary
Activity: 2030
Merit: 1573
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped.

Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive.
jr. member
Activity: 82
Merit: 5
Trump says Huawei could be part of trade deal

the tension between US and China seems not to end very soon. China may have some strong impact on BTC but it cant eliminate or destroy the crypto market as there are many other players in this market.
full member
Activity: 924
Merit: 148
I don't think that the US can go to wipe out Huawei as the China big tech company.
The worst thing in that issue is that millions of innocent people around the globe (including US) are using Huawei phones are now getting screwed without android support and the other google shit. So at one day people may have the best flagman, but on the other day he can't install a single app on it.

I don't think bitcoin is related to this trade war! This silent trade war between USA and China is not new, China banned Google, Facebook and many others network a long time ago. So, these things are not related to crypto. Bitcoin is decentralized, Bitcoin is not created by the USA nor China! So, Peace!
Why not? Mining equipment production is a pretty good chinese business so US may ban them. Also most part of mining power is concentraded in china so that is another reason for strike.
hero member
Activity: 2870
Merit: 574
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I don't think that the US can go to wipe out Huawei as the China big tech company.
We know that the US has the power to do that, but that will not easy to do that thing.
They need to face with the Chinese forces that will support Huawei because China wants to protect their big company from getting more customer from all of the worlds.
That will interest to see the trade war that might happen in this year or the next year.
But I think bitcoin is not related to this trade war.
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