Topic: Which Asian countries have the greatest influence on bitcoin? - page 29. (Read 4024 times)
No need even asking of this as many already know china control the much population of bitcoin...
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
Japan is the country plays major role in crypto currency field recent scenarios like they made crytpo currency legal even most of the people claim Sathoshi Nakamoto from Japan . Even any movement from Japan towards crytpo currency make major role. Seconed wqithout doubt south korea see teh response of people once South Korean government try to regulate crypto space . Over 100 thousand petition goes to government withing few days . Then china Because of Mining even government restrict people are using . India No way see the response from people even RBI not handling crytpo currency . Apart fromsome small community nobody bother about this.
Even though there is a ban on exchanges in China at this time I still think that the Chinese people will have a major influence on the Bitcoin market. VPN are very useful tools to navigate around blockades. After China then the major influencers in the regions would be Japan and South Korea as both economies have embraced the technology.
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
Even Though, China and India has large portion of Bitcoin Users and Usage but lately we have seen ban news from both china and India government. Maybe they are afraid that their people move too much money in bitcoins making it difficult for the government to tax or control the financial activities.
Only Japan has openly declared bitcoin as legal currency and rest of the Asian countries are still hesitant about it.
maybe for me the asian countries that have the biggest influence on bitcoin are china, korea, japan.
but in my opinion, Japan is the first to have an effect on bitcoin because the Japanese state has led the movement of this system and started trying to reach the btc that will exceed the Chinese economy
but in my opinion, Japan is the first to have an effect on bitcoin because the Japanese state has led the movement of this system and started trying to reach the btc that will exceed the Chinese economy
Japan is driving the Asian nations and Singapore is the following nation to have most noteworthy effect on Bitcoin. Japan Nd Singapore affecting the same as well as they are building up their economy with Bitcoin which is the best thing we have to appreciate. Japan has intensely made Bitcoin as lawful delicate in their nation made all the created nations consider making their nation likewise authorized with Bitcoin.
For my opinion, it is China because they have a lot of human resource to do mining.
China is the Asian Country that make a big impact on bitcoin, its news or new regulation or even restriction will cause a big impact on bitcoin's price. The worst case is until now China still not approve bitcoin. Thus not many Chinese will invest in Bitcoin.
Even Japan will just starting to make legalization in cryptocurrency. I think that there innovation and technology will help them to become influential all over the world.
I came from one country in Asia also but I am bias with Japan because it can make a great and possible things in crypto industry. I bet for Japan!
I came from one country in Asia also but I am bias with Japan because it can make a great and possible things in crypto industry. I bet for Japan!
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
I think China and South Korea have the greatest influence over bitcoin and crypto in general. China generates massive mining power which is one source of their influence but they also influence through FUD which was very apparent after the fake announcement that china was banning bitcoin came out which caused the massive drop in prices. South Korea's influence stems in the amount of people who trade bitcoin in SK which was apparent during the bull runs when ether hit $1700 on their exchanges while it was only $1k in the U.S
the only thing that makes Asian countries such as China affect bitcoin (basically its price only) is the fact that people think they have a great influence. the fact its Chinese market may be big but it is nowhere near as big as the rest of the market specially the USD market since it is mostly global not just for US, like Coinbase which is getting users from many countries.
other countries like Korea and India don't even have that influence.
other countries like Korea and India don't even have that influence.
China is a country in Asia that is very influential on Cryptocurrency. we know China has a very large population among other Asian countries. of course it will affect the development of Bitcoin. besides China, Is Japan, korea and India. there are also countries in Asia that have an influence on the growing of Bitcoin and Cryptocurrency in the World. namely Singapore and Australia, the two countries also have an advanced industry, and there is already a successful Cryptocurrency Project from Singapore. in fact many other Asian countries have an influence on Bitcoin and Cryptocurrency, the State of the Arabian mainland also has a great influence on Bitcoin and Cryptocurrency.
I think first is China, they have a big mining farm but everything is changed now since Japan makes bitcoin legal and Japan replace China to be the greatest influence on bitcoin. but don't forget that South Korea wants to compete with Japan and China and I think they are ready for this and this three country will be big countries which have an influence on bitcoin.
I think China have the greatest influence on bitcoin. There are many news from china can effected to the bitcoin rate. Remember when the china government want to shutdown one of the biggest bitcoin marketplace Huobi. The bitcoin just goes down very hard but after the china government cancel it bitcoin just goes up very fast. The biggest company which produce Antminer (bitcoin mining hardware) called Bitmain Technologies Ltd based on Beijing China. So I think China is the greatest infuluence on bitcoin and the second is Japan. cmiiw thanks
I think Asian countries that have an influence on the bitcoin of China, we can see, every time China issued good or bad news about bitcoin there will be significant changes in bitcoin prices.
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
I think Japan is the most influential country to Bitcoin. The Japanese live and work very well, but they are not conservative and autocratic. It is possible that Japan's economic and political impact on countries is not as clear as in China, but in Japan there is stability. And Japan has always been a strong supporter of the United States.
In Asia there are many people who use bitcoin, although there is a ranking, it always varies. The greaest influence of bitcoin is sensed to be in South Korea. There are 90% who knows about it, people in their 30s about 29.8% has purchased an account, people in their 40s about 26.3% knows and experienced bitcoin. South Korea ranked first followed by Japan who ranked 88% knows about bitcoin, claiming and assuming bitcoin was first invented by a japanese group in 2009. That is why it has been reported and the people in Japan was somewhat informed by the existence of it. Although bitcoin claimed to originate in Japan, South Korea still ranked to have the greatest influence of bitcoin in Asia.
It's true that South Korea is an important country and is affecting the Bitcoin market. But Chinese investors have a huge influence. China has a high concentration of Bitcoin miners too. The huge rise in the price of Bitcoin since one and a half years ago was mainly caused by Chinese investors trying to secure their wealth and keeping it out of the reach of their government. That's what mainly caused the initial price rise, and then it all turned in to a speculative investment that all people around the world joined in on.
The topic of what influence Asian governments are having is that they are causing a reduction in the price of Bitcoin. It was especially South Korea imposing very strict regulations on Bitcoin a few months ago that made the price go lower.
Many countries in Asia don't like Bitcoin at all. They do like the technology and the concept though, but they want it to be regulated and to be under their governance. Most of them are working on issuing their own cryptocurrencies.
I think the countries that have a big influence on bitcoin are Japan, Korea, India, China. Because these countries have many big investors in bitcoin. If one of these countries has negative decisions about bitcoin, I'm sure the bitcoin value will decrease and vice versa.
Well probably the japanese. China has a big market though we've seen in the past that even if the chinese ban crypto exchanges, the market will recover. Japan is one of the first countries to adopt crypto use so personally i think japan is one, if not the most influential country for btc
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