Topic: Which Asian countries have the greatest influence on bitcoin? - page 2. (Read 4033 times)
Cryptocurrency community should spread across the world so we can feel safer when we holding bitcoin. I hope there is no bad news that influence Chinese bitcoin holder to sell or afraid about bitcoin because I think it can influence the price of bitcoin although it will not for long term. I still believe that cryptocurrency community will keep growing, I hope we will find more new cryptocurrency users in other continent too. China did a good job in improving it's economy, it seems that so many people there are smart enough to know about the potential of bitcoin as investment and medium of exchange.
I guess its, Japan, Korea and China, those are some of the leading countries in Asia who are use to bitcoin already but sometimes china banned bitcoin for whatever reason they have. Those countries who are progressive can avail to influence other countries by their technologies and up to date gadget.
I think China and Korea are the two most influential countries. In 2017 these two countries caused Bitcoin to wobble. China banned Bitcoin causing its value to drop in September and October 2017. China's repeated ban statements over the years also caused Bitcoin to fluctuate wildly. Huobi, Binance, Kucoin and a host of crypto exchanges have also left China.
Korea bought Bitcoin wildly and caused the world's Bitcoin to increase a few percent in 2017. After coinmarketcap removed Korea from the site, the market crash occurred. The most recent impact is on crypto tax policies and accusations of money laundering and market manipulation from Bithumb.
Korea bought Bitcoin wildly and caused the world's Bitcoin to increase a few percent in 2017. After coinmarketcap removed Korea from the site, the market crash occurred. The most recent impact is on crypto tax policies and accusations of money laundering and market manipulation from Bithumb.
We all know that China has the greatest influence on bitcoin and bitcoin as experience a drastic change in price last year and the first quarter of this year we saw bitcoin higher than $57k but with the recent price of $35k it is still higher than the $20k which means that bitcoin has a future.
The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.
It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book.That's what I am saying. China is having a disproportionate impact on the cryptocurrency market. A lot of users give undue importance to China. As I mentioned earlier, if you look at the volumes Japan may be more important when compared to China. But the news from Japan never influences the exchange rates. A lot of people have this misconception that a larger population always translates to larger financial influence. That is not the case with cryptocurrency. For the cryptocurrency market, countries such as Japan and Germany are more influential, when compared to more populous countries such as China and India.
Asian countries have the greatest influence on bitcoin in china because china is the best in terms of crypto use and almost the majority of chinese people use cryptocurrencies. The forex market is the largest and most liquid market in the world with millions of parties trading trillions of dollars any day for those who are just starting out in the forex market one of the first steps is to learn some common trade currencies and their popular uses not only in the foreign exchange market but also in general. Crypto has more influence in china than in the forex market.
The thread is from 2018 but seems very accurate right now. If you had asked me 2 months ago I would have said that Asia has no bigger influence on bitcoin than any other country. But after the recent price drop it doesn't seem true anymore. China has such a huge power in the crypto world, it is sad to realise it. Together with Elon Musk, China managed to send Bitcoins down 40%, that is massive. At the moment no one can argue China is not controlling the bitcoin market.
The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.
It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book.in various Asian countries there are also good developments
Asian countries have the greatest influence on bitcoin in china because china is the best in terms of crypto use and almost the majority of chinese people use cryptocurrencies. The forex market is the largest and most liquid market in the world with millions of parties trading trillions of dollars any day for those who are just starting out in the forex market one of the first steps is to learn some common trade currencies and their popular uses not only in the foreign exchange market but also in general. Crypto has more influence in china than in the forex market.
The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.
It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book. now we seen the biggest country got the biggest influence 
and this is China
and this is ChinaThe so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China. But if you take the purchasing power of these users (per capita), it is much lower than that from neighboring countries such as Japan, South Korea, Taiwan and Hong Kong. Japan may be home to less number of cryptocurrency users when compared to China, but in terms of volume of crypto assets, I believe that Japan tops China. Also, many of the large scale Chinese users have moved their assets to off shore tax havens, to reduce the possibility of wealth confiscation.
now we seen the biggest country got the biggest influence and this is China
Now? this has been proven for years why just now that you learn about the influence of China in the crypto world. and this is ChinaDo you really mean that or just Shitposting here?
With their understanding with high technology stuff's, I think Japan will lead the way in Asian countries. I believe they know very well with this stuff's and probably be holding onto it.
I know how technological country Japan is they even the fastest technology growing country in the past but i doubt that they will lead crypto as Asian country because there are China and others that may take the position . 
now we seen the biggest country got the biggest influence and this is China
and this is China 
guess the biggest Asian country China
Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone.I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!
With their understanding with high technology stuff's, I think Japan will lead the way in Asian countries. I believe they know very well with this stuff's and probably be holding onto it.
guess the biggest Asian country China
Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone.I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!
guess the biggest Asian country China
Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone. 
February 15, 2021, 06:48:26 AM
In terms of number of users and volume, it has to be Japan, with China at the no.2 spot. The third position may go to either Hong Kong or South Korea. If you just take the number of users as the parameter, then India may rank at no.3 or no.4. But there the daily volumes are quite low. Taiwan, Singapore, UAE and Malaysia are also some of the major markets in terms of volume. Markets with good future potential include GCC nations, Thailand, Indonesia, Philippines and Turkey.
February 15, 2021, 06:37:05 AM
as you said china, japan, korea may be the biggest influencer in Asia but for china it is forbidden so i don't know how they can still interact with crypto.
for korea they charge quite high taxes on crypto so some devs run their projects from other countries which cost less.
and Japan may be the safest in this situation because the government does not prohibit and instead fully supports crypto.
China is playing it smart and in my opinion, the Middle East is far more influential in bitcoin, if my mind serves me right, the prince of a certain Middle East country is going to build a tech city which means that it will be friendly to cryptocurrency. China is doesn't want the limelight with their influence to cryptocurrency, they might be the shadow. for korea they charge quite high taxes on crypto so some devs run their projects from other countries which cost less.
and Japan may be the safest in this situation because the government does not prohibit and instead fully supports crypto.
February 15, 2021, 01:51:53 AM
sure this china they have the greatest btc influence
because they have the largest miners in the world of crypto ? but they seems not to make Bitcoin as legal currency right .Influence by China or Influence by USA? which is which?
Now even European countries are entering the scene and there are countries that adopting bitcoin and other altcoins .
China definitely because they are welcoming in venturing the cryptocurrency industry, they are the biggest names when it comes to mining.
But we are talking Bitcoin and not Altcoin here. 
China definitely because they are welcoming in venturing the cryptocurrency industry, they are the biggest names when it comes to mining.
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