first of all china does it accept most of the centralised businesses like google youtube once upon business entity inside their country. But if we see the number of investors most of the people are from China for sure.
Possibly in 5 years we can find Chinese government accepts Bitcoin.
Topic: Will China Accept Bitcoin As A Currency? - page 3. (Read 3236 times)
From the outset Bitcoin was soon developing in China. This place has a lot of people involved in the cryptocurrency market. And China has also accepted cryptocurrencies as a currency. Right! China is actively building a cashless society. Even roadside food stalls in small towns prefer to use mobile payment applications rather than actually paying cash at the counter. China has created its own digital currency.
I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
I think you are wrong because Blockchain technology has many advantages not only cryptocurrency. Moreover Bitcoin is already limited in China(buy/ sell, mining) so it's really hard for Bitcoin to be accepted there.
China is far ahead in terms of technology. China does not accept bitcoin. China plans to bring its new currency to the international market. And with that currency, they decided to complete their transaction. But I do not think their currency will get the status of the global market. Bitcoin will control the international market.
I think by now we all know that china likes owning their own things. Everything from works to people themselves. So it is not going to be a surprise to see them creating their own coin which will be centralised as hell. But overall, I do not think it would be a bad idea for the Chinese government to accept bitcoin. That would further cause further adoption of the coin, yielding to a greater value of the price of the coin. Also would benefit China to become a better country
For me, I don't give a hoot if China accepts Bitcoin or not. Whenever I remember that infamous ban of Bitcoin by the Chinese government in 2017, I feel disgusted towards China. So, if they want to make a U-turn from their previous stand now that the rest of the world is making a go for mass adoption should be immaterial to the Bitcoin community, honestly. Shame on China.
Occasionally negative news about bitcoin comes from China. China or another country cannot declare bitcoin as the only currency. It can be a unit of value with bitcoin. States can accept bitcoin as a value store, such as gold or silver.
I think the country of china will accept cryptocurrency as their mode of payment. Because cryptocurrency us the best and easiest way to collect and transfer money. And I think china wants for what is the best and what is the easiest way. China is the most powerful and succesful country their country have a lot of transactions regarding their works and activity so I supposed that they will love to adopt the cryptocurrency. It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
For the mean time yes, it could be an alternative payment system but if we are to look beyond the future based on its potential, it could be the biggest investment for people that will believe on it from its early days such as now. Why? With the increasing potential of market price increase in the future, there's no doubt the bitcoin halving in the next consecutive 4 years will drive the price surely way up high. If we are just always there to support it, this could be possible but in terms of being the main payment system, I don't think so, unless the lightning network could be published and the transaction fees could be lowered a little more.
I don't think so because it might kinda seem like that for now because of so much volatility of Bitcoin but surely Bitcoin will be stable once it becomes more mainstream and acheves a higher value. We will surely see it having a chance to become a primary payment option.
bitcoin won't be stable in the future, it's not bitcoin if it would have become stable because of its behavior. volatile is a must for bitcoin that is what makes bitcoin unique other than other assets such as stock market and gold. about that primary payment option, on some countries currently they actually do it like Japan.
China, in my opinion, is one of the powerful countries in the world and when it comes to technology there is no doubt that China is one of the front-liners I think if there was a possibility that China is going to adopt bitcoin I think bitcoin is going to be a great currency for china but I think China could also create their own cryptocurrency that only Chinese people could use I mean this is what China is going to do if they are going to create a one cryptocurrency for their country. But I think bitcoin as a currency for China was already a great thing but still there is no assurance since we know that China has a big issue when it comes to bitcoin.
I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
Bitcoin is banned in China. So I don't think that they will accept it in the future. The technology, blockchain might be used there but in terms of bitcoin and other crypto currencies maybe not. I read an article saying the government of China cracked down the miners but still, as far as I know, China has the largest population of miners.
It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
I don't think so because it might kinda seem like that for now because of so much volatility of Bitcoin but surely Bitcoin will be stable once it becomes more mainstream and acheves a higher value. We will surely see it having a chance to become a primary payment option.
I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
Bitcoin is banned in China. So I don't think that they will accept it in the future. The technology, blockchain might be used there but in terms of bitcoin and other crypto currencies maybe not. I read an article saying the government of China cracked down the miners but still, as far as I know, China has the largest population of miners.
I think it will be possible, and maybe in the first place, you can see a lot of blockchain projects from China and exchanges, especially with binance being the top 1 exchange also in China, and those who The country's leader is also paying a lot of attention to cryptocurrencies, seemingly China occupies a huge part of cryptocurrency development.
I believe that China has adopted the blockchain. As for the cryptocurrency Bitcoin, China will accept Bitcoin and Bitcoin will be associated with China. There are other cryptocurrencies that China must accept.
It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
That's right, but who knows on the next 10 years if China will be still using fiat money in their country? We all know that China is one of the biggest supply and stocks of bitcoin because they are the ones who have the greatest amount of bitcoin mining all over the world and remember that China is already accepting blockhain technology into their country as part of having a open minded about the cryptocurrency which is very good for us because our field has been bigger. There are sayings that China is already builting their own cryptocurrency to be used in their country so there is a huge possibility that the China will use bitcoin as their currency in the near future.
I believe that they will accept it and the fact that most of Bitcoin is in China is a great advantage, because somehow you have some control, you can think that the price drop can be something planned by the big speculators in order to obtain greater future benefits when buying cheap.
It would be difficult to talk about the possibility of implementing Bitcoin as a currency. The percentage of Bitcoin being a currency in a country is very small. I think Bitcoin can only be an alternative payment.
Occasionally negative news about bitcoin comes from China. China or another country cannot declare bitcoin as the only currency. It can be a unit of value with bitcoin. States can accept bitcoin as a value store, such as gold or silver.
Sorry, I can’t vote, because there are no privileges for this. My opinion is that China has adopted the blockchain, and it has not yet reached the cryptocurrency. It takes time for cryptocurrency to be appreciated by China. Of course, today institutes are being created to introduce blockchain and educate students, but this is blockchain, not cryptocurrency.
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