Which Asian countries have the greatest influence on bitcoin? - page 5.

Peashooter

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Quote from: vintamodern444 on February 03, 2018, 08:01:42 AM

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

Many Asians countries are into to cryptocurrency. It increased the number of investors and also transactions. China, Japan and India are the biggest contributors in cryptocurrency. Also Philippines, Pakistan and other countries also have contribution in cryptocurrency.

Helpme_please

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Quote from: kuah bakso on September 15, 2018, 09:12:41 AM

I think that Korea and China are the most influential countries in the world of Crypto, this is proven when the value of BTC dropped very far yesterday because of bad news about Crypto spread in China.

their citizen really conscious about technology.so no doubt their country give big contribution in cryptocurrency market.if from these country we heard good news, its directly impacted to bitcoin price

kuah bakso

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I think that Korea and China are the most influential countries in the world of Crypto, this is proven when the value of BTC dropped very far yesterday because of bad news about Crypto spread in China.

Brangos99

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Japan is an Asian country that has a big influence on bitcoin. This is because, Japanese financial authorities have legalized bitcoin as the official currency in the country. The act of legalizing Virtual currencies in Japan has the potential to have a big impact, because there are many rumors about Bitcoin support.

DiabolicAnt

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I think China and Japan are the most influencing. China economy is strong, there are many rich people who have interest in crypto, and Japan is already dealing with BTC on legal level.

CryptoBalds

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Quote from: Domanity on September 08, 2018, 11:55:03 AM

I think it is China, China is a country that is very large and rich, and every policy issued by the Chinese government always influences the ups and downs of coin prices on the market.

Even though China has strict regulations on using cryptocurrency and bitcoin on their own citizen people are still finding new way to access it through VPN's. Yeah China has a huge impact on the market price of cryptocurrency but I don't think because their country is rich or something.

asadbd1

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Bitcoin has achieved this milestone because of support from many countries of the world, but our focus is on the Heavyweights on the Asian continent whose appetite for Bitcoin and cryptocurrencies has been insatiable over the years.

alyssajane1982

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Quote from: nur rochid on September 14, 2018, 04:48:17 AM

Quote from: Quenlamsierti on September 14, 2018, 04:43:09 AM

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.

Japan has already implemented use of bitcoin for daily transactions, this is indeed Japan is creator of bitcoin. besides that state also supports it, so that salaries of employees in Japan use BTC

It is nice to know that there are already some countries that use bitcoin, I am hoping that as time passes by more and more countries will be able to accept and use bitcoin legally.

crwth

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Quote from: Quenlamsierti on September 14, 2018, 04:43:09 AM

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.

I don't recall many places where Bitcoin is accepted here in the Philippines. Which part of the country are you talking about? I would like to try some out so that I could feel the innovation of Bitcoin in our lives. Lol. I think it's only the exchanges that are regulated there in Japan and I think they are making a template for the cryptocurrency regulation. Making laws about it and other stuff.

nur rochid

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Quote from: Quenlamsierti on September 14, 2018, 04:43:09 AM

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.

Japan has already implemented use of bitcoin for daily transactions, this is indeed Japan is creator of bitcoin. besides that state also supports it, so that salaries of employees in Japan use BTC

Quenlamsierti

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Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.

nabinkhadka

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It is because of their economy . China and India combined are more then 50 % of world economy and their shares in crypto currency is quite significant so they have greatest influence on bitcoin.

Motokonomo

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The country with the greatest influence on Bitcoin has to be China as most of the miners are concentrated in China. Also the Chinese people had invested heavily during the early days of Bitcoin. But that trend is changing and people from Korea, Japan and India.

yanesna3

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Quote from: Flor1982 on September 08, 2018, 03:15:47 AM

Quote from: vintamodern444 on February 03, 2018, 08:01:42 AM

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

No doubt it will be China is the number 1 in Asia because of their huge population but still it seems they want to manipulate Bitcoin price and control it as their own which is not good for the whole crypto currency community therefore China being the greatest influence is totally useless except if they will show sign of treating fair the whole crypto currency communities.

Besides China, Japan has a really great influence on it. I also know that some of the Emirates from UAE are actively cooperating with Japanese crypto professionals.

BTC-BTC-BTC

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Have to be China one of the country with the most influence the bitcoin market with mining power and mining pools. China is one of the country will not let go their bitcoin domination that easily. I think is another smoke screen to get more market shares.

CPetersson

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As far as i know, citizens of China are always against government and rules about cryptocurrency. So after dropping Bitcoin to 6200$, they will pump it in the morning. So they have the biggest influence on BTC right now.

Saldom12

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Quote from: vintamodern444 on February 03, 2018, 08:01:42 AM

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

Yes, you are right about this and I agree with you. Countries that can affect bitcoin are China and India, especially China which I think they don't like bitcoin.

samcoin

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The governments activities affect the community interest in Blockchain technology and cryptocurrencies. China is banning everything related to cryptocurrencies, while countries like Korea and Japan are encouraging this tech, that why we see promising projects coming from these two countries, they also have reasonable impact on Bitcoin price.

Itjoker

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No doubt that first of all a big influence on Bitcoin have such countries as China, Japan and Korea. But Malaysia and Singapore develop their legal system
about cryptocurrencies, that's why may be in the future their influence will increase. Also 2 months ago Uzbekistan adopted legislative act about develop blockchain, cryptocurrencies and regulating cryptocurrencies exchange.

Domanity

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I think it is China, China is a country that is very large and rich, and every policy issued by the Chinese government always influences the ups and downs of coin prices on the market.

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