Topic: Which Asian countries have the greatest influence on bitcoin? - page 10. (Read 4039 times)
I only agree little bit with this statement because USD accounts alone around 59 percent of trade while Japanese yen is 36 percent. and rest of the world currency accounts for 4.68 percent. source :https://www.coinhills.com/market/currency/
To me, I believe it is the two most populous countries in the world which are China and India
Korea, China and Japan having the greatest influence on Bitcoin. Like we have already known that when the exchanges that have servers on these 3 countries got hacked, the impact/feedback are really significant that could change the entire market in a second which is really scary to see.
India, China, japan, south korea and Thailand can play important role in cryptocurrency rising in near future. because India and china has huge population. one interesting fact that 60% of Indian population in between 20-40 years. they are more technology adopted and Asian countries are emerging nation. While other asian countries have potential we can't neglect them also. so We support Crypto and what about you ?
China continues to play an important role in the fate of crypto currency due to the large number of mining operations that are being carried out in the country. Since the cost of energy in China is much lower than in other developed economies of the world, many investors moved their activities to this country.
they have done rigorous studies in the past two years where the rules are increasingly procedural, I even think that next year there is no easy thing about crypto in their country, this has happened to the strict rules of ICO and various local exchange markets that almost freeze forever. But it is true that they are the most important in Asia today.
China continues to play an important role in the fate of crypto currency due to the large number of mining operations that are being carried out in the country. Since the cost of energy in China is much lower than in other developed economies of the world, many investors moved their activities to this country.
Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
This is a fearsome tendency since taking so much control over hash power goes against the main principle of crypto - decentralization.
The first place should be Japan, the second place is South Korea, and the third place is Russia. They are all countries that strongly embrace cryptocurrencies. But in fact, the countries most affected by cryptocurrencies should be China and India, which have a large population, but now China is banned from cryptocurrencies. The future will be open.
According to what I've read on this website "https://btcmanager.com/asian-countries-contributed-growth-bitcoin-far/?nonamp=1" Once upon a time, about 80 percent of the daily bitcoin trading volume came from China. However, in September 2017, China’s central bank, the People’s Bank Of China (PBOC), with support from the Chinese government, placed a blanket ban on initial coin offerings and all Bitcoin exchanges in the country. Since then, significant bitcoin exchanges like Huobi, Okcoin, and BTCC have since closed shop.
However, peer-to-peer bitcoin platforms like Localbitcoins and Coincola are still doing brisk business. Mining is still a lucrative business in China although there are still lingering fears that the government may soon ban cryptocurrency mining in the country.
However, peer-to-peer bitcoin platforms like Localbitcoins and Coincola are still doing brisk business. Mining is still a lucrative business in China although there are still lingering fears that the government may soon ban cryptocurrency mining in the country.
That is true. Both China and India are big influencers in the Asian crypto currencies world simply because there are alot of traders in those parts of the world. But then i heard talks of China banning crypto currency, and India having the same so now what. Now i think power players like Japan and Korea will step up with people investing huge money on crytpo currency.
India will become a bitcoin revolution country, after the announcement of the plan of demonization by the Indian government on November 8, 2016, which caused about 86% of cash in the country to be worthless, making most people in India turn to Bitcoin. Regarding this, India announced their aggressive plans to become the first digital society and Bitcoin was the main actor in that.
That is, Bitcoin has the potential to bridge the gap. Where to get a bank account, one must have a fixed identification and address, in addition to some other information that for many people in India is quite difficult. As a result, many people in India have limited access to cash-based systems. And that certainly hinders their economic reach. In using Bitcoin it does not discriminate like that. On the contrary, all financial transactionals in the world can utilize this cryptocurrency.
That is, Bitcoin has the potential to bridge the gap. Where to get a bank account, one must have a fixed identification and address, in addition to some other information that for many people in India is quite difficult. As a result, many people in India have limited access to cash-based systems. And that certainly hinders their economic reach. In using Bitcoin it does not discriminate like that. On the contrary, all financial transactionals in the world can utilize this cryptocurrency.
Well the counties that have a greatest influence on cryptocurrency or bitcoin is probably are the most developing countries in Asia like Japan, China, Korea, Singapore, and others from middle east. Those countries are the most influenced with bitcoin, because if you notice those are have a huge number of population including China and India. And they have a higher technological advancement when it comes to economic industry. But they are some countries would like to follow like Malaysia, Indonesia, Philippines, Thailand, Myanmar, Vietnam, and many more countries wants to join in global cryptocurrency revolution.
I think China still controls almost 30% ownership of bitcoin with a very massive crypto business, with many active mining markets and projects that cause investment patterns to expand from various angles, their governments don't like it very much because they think it will cause inflation, but they don't completely forbid.
China is very influential in the development of crypto, and besides that there are still Japan and South Korea giving a good rhythm
I also agree with you, Japan is the country to find Bitcoin, China is a country densely populated and can expand Bitcoin by issuing shopping services for electronic money. Korea is also a civilized country that leads Bitcoin away. China is very influential in the development of crypto, and besides that there are still Japan and South Korea giving a good rhythm
I think China still controls almost 30% ownership of bitcoin with a very massive crypto business, with many active mining markets and projects that cause investment patterns to expand from various angles, their governments don't like it very much because they think it will cause inflation, but they don't completely forbid.
China is very influential in the development of crypto, and besides that there are still Japan and South Korea giving a good rhythm
China is very influential in the development of crypto, and besides that there are still Japan and South Korea giving a good rhythm
I think China is the country that has the greatest influence on bitcoins. China is the largest market for electronic money to operate. Decisions by the Chinese government will have a profound impact on the development of electronic money and bitcoin.
For me I think China has the greatest influence in Bitcoin since there is a big population or crypto investors, users and enthusiasts from there. Most of the news in and about China would have an effect on the crypto market since a big chunck of the community is from there, so whether its positive or negative it still has a great impact on the market activity.
Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
These countries that named like India,Japan,Korea and China are the countries with most number of users of bitcoin,so anything news coming from these whether it's good or bad these will have an impact to bitcoin.These countries are great influenced for the progress and downfall of bitcoin.
I think that in the first place it would be China because China is a super country with super power, and with influence above all other countries. And then the second place will take the Japan because they are leaders of the world technology progress.
China banned ico's in their own country and it dealt a huge problem in the market because the market price drop so hard but before the year ends, bitcoins still managed to reach $19k dollars so keep on investing or holding your coins today.
I think it's china, i saw a video last time somewhere in facebook or youtube i think, they have a lot of asic miners.
I have heard that some village in Japan is already trying to integrate with coin and blockchain Systems into the economy of the area, but also China is a huge country with enormous population.
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