Will China start Altcoin Season - page 4.

Tilbrook007

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Quote from: Nivia1st on October 28, 2019, 07:01:04 AM

Quote from: Stanlo on October 28, 2019, 02:00:28 AM

Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

I personally prefer chinese and korea project because they are more into the tech more than other countries, but i don't think china alone is capable of driving the altcoin season, i think bitcoin halving is the only thing that can drive the next altcoin season

They are developing a lot of projects according to what I have read!

You're wrong, halving isn't everything. You can see some time ago when Jinping said the importance of blockhain technology. and look at the market reaction at that time, bitcoin rose high in just a short time. just imagine if China started actively developing crypto(blochain technology) projects, I'm sure the altcoin season will start from china.

Nivia1st

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Quote from: Stanlo on October 28, 2019, 02:00:28 AM

Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

I personally prefer chinese and korea project because they are more into the tech more than other countries, but i don't think china alone is capable of driving the altcoin season, i think bitcoin halving is the only thing that can drive the next altcoin season

You're wrong, halving isn't everything. You can see some time ago when Jinping said the importance of blockhain technology. and look at the market reaction at that time, bitcoin rose high in just a short time. just imagine if China started actively developing crypto(blochain technology) projects, I'm sure the altcoin season will start from china.

BlackFor3st

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Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

This is a great news as it can really help the crypto society to grow more and the investors will be widen especially that China has the most number of millionaires right now in the latest news as they overtaken the US.

And I like their list as they put Ethereum as their number 2 but still I am not that confident with their first choice but I love to see also whether their choices will affect the grow of EOS investors as they put it number 1 in their list.

Darooghe

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In fact i’m waiting for the start of NEO and TRON season, not Cardano or altcoins season, because people are referring TRON and NEO as the Ethereum of China, and both of them are a global project with global development. the rise of the last two days tells you everything about Neo and TRON, just look at the chart. I am of the cap that believe that several Altcoins (EOS, Neo, Ethereum, BCH, BSv and Ripple) will survive. so i am not selling any of mine. many projects are really doing a lot and trying to survive the bear market. i am just trying to ensure that i continue to let the whole space know that NEO (and maybe TRON) are one of those projects so that we can continue to be encouraged.

Doell

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I will not be in a hurry to take altcoin which has to do with any news ,simple conclusion will only wait and always see market conditions if its possible to buy then I will do it and will not be related to any news sometimes I'm afraid just a trap

cotton ball

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Quote from: albrots on October 28, 2019, 01:40:24 AM

China greatly affects the price of bitcoin or altcoin at this time. If the Chinese had started to make a list of what altcoin they wanted to invest the price would go up. Evidenced by the price of bitcoin which is currently rising, it is because of the positive news coming from the president of China. Chinese President Xi Jinping said his country must take the opportunities provided by blockchain, the technology that supports bitcoin. because blockchain technology is very useful and can be developed even better.

https://www.coindesk.com/bitcoin-jumps-12-as-chinas-xi-embraces-blockchain-boosting-crypto-sentiment

We can't stop how China make bitcoin and altcoin price become higher just one moment, where bitcoin can growing up with short time and China will make altcoin on higher price too, when China announce for adopting altcoin as legal payment I think price altcoin will grow up, but China will selective for which one altcoin have to make fly to higher price.

Tilbrook007

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Quote from: tinyteapot on October 28, 2019, 06:19:44 AM

This is not really clear, the statement attributed to the Chinese President Mr. Xi Jinping, refers more to blockchain technology and does not directly refers to any existed coin or token though, the effect of chinese fully back to blockchain shall be positively felt by all existing coin.

Some Chinese companies might become whales in the companies listed: I understand what you are saying and there is truth in what you say but it's a wait and see at the moment. A Chinese bank just bought a major crypto wallet.

Tilbrook007

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Quote from: Onuohakk on October 28, 2019, 06:14:14 AM

Chinese won't stop to amused me. How can they rank our number one crypto ''bitcoin'' at 11th position while EOS (1st), Ethereum (2nd) and Tron (3rd) base on their best 37 top credible cryptocurrency. It's really funny for them to rank bitcoin low

I agree with you 100 percent

tinyteapot

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This is not really clear, the statement attributed to the Chinese President Mr. Xi Jinping, refers more to blockchain technology and does not directly refers to any existed coin or token though, the effect of chinese fully back to blockchain shall be positively felt by all existing coin.

Onuohakk

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Chinese won't stop to amused me. How can they rank our number one crypto ''bitcoin'' at 11th position while EOS (1st), Ethereum (2nd) and Tron (3rd) base on their best 37 top credible cryptocurrency. It's really funny for them to rank bitcoin low

Zeke_23

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Quote from: masterrex on October 28, 2019, 05:53:39 AM

Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

If that happens will that was a very good news! Altcoins needs boost since it was hardly affected of the price dump in the previous months, If the chinese investors will help and choose altcoins rather than Bitcoin alone its should be watch since its a huge pump if ever happen. but its just an speculation i'm not sure about it! lets wait and see.

The whole market is highly affected, and due to this, it may actually help to reverse the current situation we have. Not only in altcoins, but this may include even bitcoin to have a long green again in the chart. Speculations have chances to happen, we just need to believe it will.

masterrex

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Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

If that happens will that was a very good news! Altcoins needs boost since it was hardly affected of the price dump in the previous months, If the chinese investors will help and choose altcoins rather than Bitcoin alone its should be watch since its a huge pump if ever happen. but its just an speculation i'm not sure about it! lets wait and see.

angrybirdy

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Quote from: nxnqauff on October 28, 2019, 05:35:10 AM

It looks like that. China is having a very important role in crypto. When the gevernment is going to support with rules and regulations, this is good move and best for the crypto market overall.

It's hard to say for now, but things may go that way anyway.
If China continues to grow and make an improvement for cryptocurrency, this will lead to good things for the whole crypto world.
This will start for a possible new chapter of development.

o48o

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Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

This Chinese altcoin fomo doesn't make any sense to me, but that's market forces for you. Markets are just fomoing for the keywords, not the rethinking the content of the words Xi used. Imho it doesn't last, the real altcoin season is not here yet. This is just a China-themed blind fomo that's happening now and that's not only happening in crypto btw.

nxnqauff

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It looks like that. China is having a very important role in crypto. When the gevernment is going to support with rules and regulations, this is good move and best for the crypto market overall.

Pamadar

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Quote from: Wysi on October 28, 2019, 04:25:55 AM

Quote from: trauchot on October 28, 2019, 04:01:13 AM

I really hope so, because after the positive news from China towards the cryptocurrency, bitcoin was growing in price very quickly and altcoins grew a little bit, so we hope that the altcoin season will begin soon and investors from China will begin to invest in cryptocurrency even more than before, because China is a huge investors market.

But don't you all think this news is suspicious as I am honestly bit afraid if this is an attempt by China to hijack the crypto market as well because they were opposing it for so long and now this news comes out as a positive hope for crypto but not sure about their long term plans and thus it's too early to comment as we have no idea what's going behind the scene.

The matter right now is that we are not sure if how the Chinese government will use this system to take advantage. Same with what you have said, they are opposing it to the point that they've banned the mining industry, and now they're bringing good news with blockchain adoptions.

Not directly speaking about crypto or Bitcoin, but the system itself that was being used where they've gathered positive movements after the president made the statement.

jamesashmore1964

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Quote from: Yaunfitda on October 28, 2019, 04:54:08 AM

I believed that China has been in the alt market already. And even we are in the bear market, they still prefer alt coins because it's pretty much the back bone of most Chinese whales. So there is a chance that Chinese will start to pour money again once we are in a bull run.

But to say that they are going to start it, I doubt it, they will still wait for any news like ETH 2.0 and see how it goes before they start to invest more in alt market, in my opinion.

I think they will invest in the list of crypto’s listed above because they are more or less govt endorsed!

#Darren

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Just look at the market now, honestly I still did not get the reason why all Chinese altcoins have increased by 20 or even 120 percent within a night. Anyway it seems strange for me, because few months ago China was strictly against cryptos.

tenakha

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Quote from: jamesashmore1964 on October 28, 2019, 01:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

As time goes by, it will be possible to give ideas with developments. As far as we can see, it was only able to influence the BTC, while the altcoins are still waiting. When we examine the prices of the altcoins against BTC, it seems that there have been no increases other than a few. We have all been waiting for the altcoin season for a long time, hopefully it will be what you think.

Yaunfitda

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I believed that China has been in the alt market already. And even we are in the bear market, they still prefer alt coins because it's pretty much the back bone of most Chinese whales. So there is a chance that Chinese will start to pour money again once we are in a bull run.

But to say that they are going to start it, I doubt it, they will still wait for any news like ETH 2.0 and see how it goes before they start to invest more in alt market, in my opinion.

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