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Topic: Which Asian countries have the greatest influence on bitcoin? - page 31. (Read 4002 times)

member
Activity: 280
Merit: 15
BookiePro.Fun - The World's Betting Exchange
I think that China still controls the vast majority of the market. Almost every ASIC miner for Bitcoin was manufactured. Miners are responsible for securing the Bitcoin network, they are really important. It would be great if they had competition. Also, Japan and South Korea have huge trade volumes. These markets are quite important and they shouldn't be ignored. Fortunately cryptocurrencies are regulated there which attracts more and more investors to finally start investing in cryptocurrencies.
newbie
Activity: 49
Merit: 0
for the beginning of investments it is necessary to find out everything thoroughly) and it is better to find the person who roomes you in investing
full member
Activity: 756
Merit: 112
Japan and China have great influence on BTC!

The volume of transactions in Japanese bitcoin is very large, and many stores accept BTC payment!

China has the largest population in the world, and there are a lot of people doing BTC. Government policy is strong enough to affect BTC.

I agree, in China although users are now not allowed to use crypto many still get pass this law. As for Japan, they like technology and innovation is their game.
sr. member
Activity: 462
Merit: 252
china has serious influence as far bitcoins is concerned , remember china has a lot of miners simply because mining requires a lot of energy and some provinces in china has both cheap land and electricity that would be needed to setup a mining farm ....so you would find that it would be more profitable to farm in these countries.
full member
Activity: 434
Merit: 100
I think the most influential country on bitcoin is India. Almost participants  and joiners are from the said country. They are also active in all projects and updates about crypto. And currently, majority of the developers and managers are Indian. 
full member
Activity: 378
Merit: 103


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
jr. member
Activity: 126
Merit: 3
Japan and China have great influence on BTC!

The volume of transactions in Japanese bitcoin is very large, and many stores accept BTC payment!

China has the largest population in the world, and there are a lot of people doing BTC. Government policy is strong enough to affect BTC.
sr. member
Activity: 660
Merit: 250
Korea is the most influentual country, it accounts for up to 20% of total crypto-trade.
And community effectively stands for its interests against government.
Don't forget Japan with you they should be in the first pick, though government from other countries needs to be serious on technology including bitcoin. I hate it when people decline bitcoin, mainstream media will help the effectiveness of bitcoin supremacy. No more hate no More Corruption.
newbie
Activity: 8
Merit: 0
Korea is the most influentual country, it accounts for up to 20% of total crypto-trade.
And community effectively stands for its interests against government.
sr. member
Activity: 588
Merit: 256
In my opinion, any country willing to allow its citizens to engage in an activity with virtual currency methods such as bitcoin will greatly affect the value of bitcoin assets that will increase. One example of a Japanese state that has been authorized with bitcoin will certainly be many investors who will invest with bitcoin in japan and this will affect the movement of bitcoin prices.
member
Activity: 378
Merit: 10
The greatest influence on the crypto-currency world is rendered by Korea, China and Japan at the present time.
This is due to the fact that the main mining capacities are located in China. Japan officially legalized bitcoin as a currency.
In South Korea, the population massively participates in trading on the crypto-exchanges.
newbie
Activity: 182
Merit: 0
China has the greatest influence on bitcoin. It has the biggest population in the world.
Yes, I think this is true. Perhaps a little conservative, they feared that Chinese people would invest in bitcoin and forget about the local coins they created. In terms of trade and economics, it is significant damage. Therefore, they issued a ban to increase the strictness and discipline of the people.
legendary
Activity: 1652
Merit: 1088
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China has the greatest influence on bitcoin. It has the biggest population in the world.

It has a small impact on bitcoin because the biggest population of the world decided bitcoin was a threat to it and banned it. Most of bitcoin's gains came AFTER China banned bitcoin, which mean's China's impact was minimal.

The real action in the east is in Korea and Japan.
jr. member
Activity: 32
Merit: 1
I think India has the greatest influence. It has huge number of people investing already and the number will only increase here after.
newbie
Activity: 21
Merit: 0
Bitcoin attracts serious interest as a means of investment and saving of capital not only in China, but also in India. Companies with a high level of income and just rich people began to look at the crypto currency as a possible asset.

Sandeep Goenka, general director of the Indian Bitcoin company, Zebpay, explained to Business Standard that Bitcoin's deflationary character makes it attractive as an asset class: "You can put money in a purse in the hope that the price will rise."

Zebpay is one of several major players on the Indian crypto-currency scene; other companies are Unocoin and the Coinsecure trading platform.
member
Activity: 238
Merit: 33
I would say japan. There are so many stores who accept bitcoins. There are Bitcoin ATM everywhere. And the gouverment also accept bitcoin as an official payment. So i think Japan has a good and positiv influence to all CryptoCurrencies. China has also a big influence, but just because they are so many cryptocurrencies user out there, and when the gouverment starts banning or regulate them, it will influence the whole world.
sr. member
Activity: 2268
Merit: 275
I think China and Korea have the greatest influence on Asia. No wonder both country also have good economy and have powerful technology.
hero member
Activity: 1470
Merit: 655


Like their population Chinese have the large number of exchanges from the companies put up in China. I can find the people looking to invest on the bitcoin in china too but since they banned the bitcoin it really hurts them.
Japan we do not need to worry about them. They already made the bitcoin and other cryptocurrencies can be used legally in every cities and rural places in Japan. So they are already supporting the bitcoin.
Koreans, they regulated the bitcoin trading sites under their tax rules and regulations. I do not think that they completely ban the bitcoin. Hope everyone will look into invest more in that country too.
India, they are very few in numbers to using the bitcoins and other crypto currencies. They should accept the bitcoin as legal currency to use their since it has potential to change their country status to developed country. Their ministers team to discuss more about the blockchain investments and startups.

You know that China closed all their exchanges down in 2017, right?

I really don't understand why people keep talking about China. We discovered in the early part of 2017 that all their trading volume was fake. Then when they banned bitcoin and closed down all the exchanges, the price didn't tank, it surged from $1500 to $19,700. China doesn't have any affect on bitcoin's price and that's because their capital controls and lack of exchanges makes it very hard for them to invest.

because a long time ago, probably started in 2013 when China first started talking about banning bitcoin and they spread some big FUD about it, it worked so from that time to this day everyone keeps using the same strategy and it seems to be working perfectly well so far because weak hands are still showing positive reaction to it!
sr. member
Activity: 2366
Merit: 332
I strongly do not think is China. China has been in the bad records of bitcoin and cryptos since 2017 , yet bitcoin recorded $20,000 highest so far. I think no country has such influence in this new technology that saw the likes of bitcoin because it is decentralized and if one country is looking at banning, another is thinking of adopting and investors are trading in between the news Grin
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!


Like their population Chinese have the large number of exchanges from the companies put up in China. I can find the people looking to invest on the bitcoin in china too but since they banned the bitcoin it really hurts them.
Japan we do not need to worry about them. They already made the bitcoin and other cryptocurrencies can be used legally in every cities and rural places in Japan. So they are already supporting the bitcoin.
Koreans, they regulated the bitcoin trading sites under their tax rules and regulations. I do not think that they completely ban the bitcoin. Hope everyone will look into invest more in that country too.
India, they are very few in numbers to using the bitcoins and other crypto currencies. They should accept the bitcoin as legal currency to use their since it has potential to change their country status to developed country. Their ministers team to discuss more about the blockchain investments and startups.

You know that China closed all their exchanges down in 2017, right?

I really don't understand why people keep talking about China. We discovered in the early part of 2017 that all their trading volume was fake. Then when they banned bitcoin and closed down all the exchanges, the price didn't tank, it surged from $1500 to $19,700. China doesn't have any affect on bitcoin's price and that's because their capital controls and lack of exchanges makes it very hard for them to invest.
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