Topic: Will China start Altcoin Season - page 2. (Read 715 times)
Actually in my opinion they will adopt blockchain technology, I wonder if they will approve altcoin. From my mind they will make their own cryptocurrency without any crypto coming from outside. According to the indications in your link article, there is no official confirmation.
People mock them because they don't rank bitcoin as the highest but lets take a look at what they are looking for in a coin. Basic-tech as in the level of technology and providing what to people, as in blockchain basically which means people who mock them think bitcoin has the best blockchain, do you think bitcoin has the best blockchain? I still think bitcoin is not even close to top when it comes to technology.
Applicability, do you really think bitcoin is easiest and best coin that could be applied to and used for purchases and sales? Hell even a regular payment takes over half an hour at best, how do you plan to pay for something with bitcoin? Creativity, do you really think bitcoin is the most creative one out there? It used to be, but is it still?
So, as you see bitcoin could be the oldest coin and the most used one and biggest marketcap etc but these rankings do not take that into consideration. It is looking for the best coin not the most expensive one.
Applicability, do you really think bitcoin is easiest and best coin that could be applied to and used for purchases and sales? Hell even a regular payment takes over half an hour at best, how do you plan to pay for something with bitcoin? Creativity, do you really think bitcoin is the most creative one out there? It used to be, but is it still?
So, as you see bitcoin could be the oldest coin and the most used one and biggest marketcap etc but these rankings do not take that into consideration. It is looking for the best coin not the most expensive one.
yesterday's statement by the Chinese president about supporting the blockchain has affected the price of bitcoin to rise by 30%. when bitcon goes up almost all altcoins also increase. hopefully with the china news will adopt the blockchain and will also make their own crypto. will have a positive impact on the bitcoin and altcoin markets.
If you missed the news the Chinese president was not supporting the crypto currency space so that the altcoin market and bitcoin will increase instead he was talking about the blockchain technology which they might be planning to implement in the future, so the recent market rally has nothing to do with the Chinese news and you need to look at somewhere else to understand the real reason for the rally.We cant deny the impact of China upon crypto. This global economy giant is moving crypto into new height. Cannan, Bitmain already have filed IPO with U.S securities and exchange commission and if they do successfully they will be publicly able to trade in US. Cannan creative will try NASDAQ for listing
Its about time the US will approve crypto related IPO and probably ETF so that we will know exact what will really happen if its approved.
China I think is not into starting altcoin season, they were just into blockchain technology adoption and their government-backed coin but some good projects actually are developed by Chinese like the NEO and TRX and I don't see why the Chinese won't support these projects.
We cant deny the impact of China upon crypto. This global economy giant is moving crypto into new height. Cannan, Bitmain already have filed IPO with U.S securities and exchange commission and if they do successfully they will be publicly able to trade in US. Cannan creative will try NASDAQ for listing
Glad to see you are making another thread again James, but did you aware of the latest statement coming from china is all about blockchain?
It's still a big question whether this will be affecting crypto or not. As you can see china has been doing so many shutdowns to so many icos.
I can't say a lot about that until china will at least say the word about cryptocurrency.
It's still a big question whether this will be affecting crypto or not. As you can see china has been doing so many shutdowns to so many icos.
I can't say a lot about that until china will at least say the word about cryptocurrency.
I think Yes, with a market that large it's hard not to imagine it moving markets. It certainly will be interesting to watch.
I think the answer is: No.
Because of the government. Take a look before start thinking, they blocked Google, they may shut down any US company. How to create Altcoin in one country which will protect their own money.
I guess, we may take Chinese users, but not Altcoin from China.
Because of the government. Take a look before start thinking, they blocked Google, they may shut down any US company. How to create Altcoin in one country which will protect their own money.
I guess, we may take Chinese users, but not Altcoin from China.
Here is the list:
https://news.bitcoin.com/china-rankings-37-crypto-projects/
Chinese are not stupid they will research the projects and it only takes one big company to become a whale in one of these projects and prices will take-off
Alternatively the masses might start heavily investing in some of these projects.
I also think that if you look at the index above Chinese citizens have started to enter several large companies in crypto and maybe this can have a fairly good impact on the development of current crypto prices and if this continues the price will take off. https://news.bitcoin.com/china-rankings-37-crypto-projects/
Chinese are not stupid they will research the projects and it only takes one big company to become a whale in one of these projects and prices will take-off
Alternatively the masses might start heavily investing in some of these projects.
I really dont think that China or a specific country is going to trigger an Altcoin season but i think when companies or government to accept different crypto as a payment.
Well, Have you heard china is going to tokenize their national currency? It might happen, china could trigger the altcoin season if the launch is successful I think it will launch soon.Back to the topic, China has great influence and pretty obvious that they have large markets and not just china other neighboring Asian countries will be influenced too by these rankings that they released.
yes you're right China has influence in the world. if they starts tokenize their currency it will be a large scale adoption. that coin will probably be the biggest marketcap coin and compete with bitcoin. with the largest population in the world, I think it's normal if they will create big changes for crypto market
I really dont think that China or a specific country is going to trigger an Altcoin season but i think when companies or government to accept different crypto as a payment.
Well, Have you heard china is going to tokenize their national currency? It might happen, china could trigger the altcoin season if the launch is successful I think it will launch soon.Back to the topic, China has great influence and pretty obvious that they have large markets and not just china other neighboring Asian countries will be influenced too by these rankings that they released.
Regulations from the Chinese government have indeed made the Bearish market situation into a Bullish situation so make some Altcoin experience an increase. But I don't think with regulations they can fully become the Altcoin season. Altcoin season has not happened in my opinion.
I don't think that it is because of the chinese government who issued regulations. Bearish market is made because of the lose of the interest of the people because of the market performance. As you can see, we are now into uptrend movement again as the price of bitcoin move backs up to more than 9,000 USD. Altcoin season is not there yet but it is a good opportunity for us to continuously accumulate more good altcoins so we can have a lot of profit later. 
Regulations from the Chinese government have indeed made the Bearish market situation into a Bullish situation so make some Altcoin experience an increase. But I don't think with regulations they can fully become the Altcoin season. Altcoin season has not happened in my opinion.
No way, I think China has done its best in boosting cryptocurrencies(Esp China based coins like neo, TRX, ontology, and so on) the last few days after President Xi Jinpings announcement. Next move is expected from USA. Maybe that will trigger the bullrun.
NEO went up by almost 100% in the immediate aftermath of the announcement by Xi Jinping. But TRX showed a much more moderate rise, with the exchange rates increasing by around 25%. Smaller coins such as Ontology also went up by quite a bit, but now they are once again declining. It is surprising because Xi never said anything positive about the cryptocurrencies. He was very much convinced with the Blockchain technology, but we don't know whether it is going to translate in to a more friendly stance towards the cryptocurrencies or not. For now, the traders are assuming that it will be the case. I predict a negative reaction from the market if their expectations are not kept.
After President Xi announced the use and adoption of blockchain technology in his economic system, the price of bitcoin rose more than 25% in one day. I think if this is implemented by the Chinese Government, it will affect the price of cryptocurrency and it could be started
For me it is not the Chinese makes Bitcoin to sudden heading fast towards the psychological $10,000 mark but it is might be the Big whales trap and they just make it coincidence so that the people will not confused so i suggest that we should not easily to fall on this trap or we willl might ending regretting again. If China will going to pump some coins then it will be most likely NEO and not the whole Altcoins and Crypto market because NEO is China's based coin therefore it is right that patriotism will come first before others.
There is a huge possibility that the China and the Chinese citizen can start an altcoin season as we see the impact of it to bitcoin, that is already a good example on what would be ever happen if the China proposed an altcoin and support an altcoins. It would probably been a huge impact to altcoins as well and they may probably become the top 1 investors of the altcoins and there is a chance that altcoins will start to pump up and it's season may begun.
Basically the main influence of China that I can see to the growth of altcoin and cryptocurrency as a whole is their population. As long as many people starts to use crypto, the more they will become hooked to create one. In this case, China might create an altcoin for them to use, but creation of excessive altcoin will not be healthy for the market. Most of the times, it is better to focus on the already existing altcoins in the market. In this case, the market price of each altcoin could be focused. The only disadvantage of this is the lack in competition. If china will create much altcoin, there will also be more competition, as a result, much better blockchain and cryptocurrency could be created to suit the needs of the world.
Just waiting for time, reportedly China has studied blockchain and crypto, Meraka will legalize the beginning of January 2020 coming, I think the altcoin will rise in price if China is really consistent and focused in the crypto world. Because already started many Chinese investors make an account in Exchange to buy a portion of Altcoins.
Just expect more good news to come in line with China's developing plans for cryptocurrency. Gladly this happened with a purpose, and I seen chinese people were now more eager to own some of the promising altcoins which was not moving after the last bullrun of 2017. This time is their huge opportunity, to be part of cryptocurrency's remarkable journey towards strong and reliable community.
some time ago I read china trying to delete all articles related to their statements that said that crypto scam. maybe this has a hook to it. plus yesterday the president of china said that blockchain technology was important for future technological developments. if all these things are connected, I see China trying to start something big in cryptocurrency. maybe the alt season will start there.
Yes from the news that I heard, the Chinese government has made clear rules about cryptocurrency. Of course this is one of the good news for the crypto community, because this will make crypto prices go up.
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