Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on May 23, 2020, 11:24:19 PM
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The trade war between the US and China is becoming intenser and intenser, I think this will affect the crypto community in the following ways:
- In the short term, neither side gains any benefits. The economies of the two leading countries of the world economy will go down, making the currency devalued, cryptocurrency becoming a safe store of new value;
- To keep up with the trend of cryptocurrencies, China continues to accelerate issuance & globalization of the Yuan coin on the blockchain. This could open a trend of CDBC worldwide;
If this happens, it can be said that the crypto era is coming, but I hope it does not require the condition that the world economy be in crisis. I am quite concerned about President Trump's attitude towards cryptocurrency.
What is your opinion, do you think trade war will affect crypto prices?
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Big news or issues will always influence the price of the crypto market. Moreover the issues coming from these two countries. Why should be the two countries? What make them trade war? DO they want to show their skill and ability in the crypto world?
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Big news or issues will always influence the price of the crypto market. Moreover the issues coming from these two countries. Why should be the two countries? What make them trade war? DO they want to show their skill and ability in the crypto world?
Currently, the United States & China are the two largest economies in the world and there are conflicts between the COVID-19 pandemic and the trade war from 2019. So I think this war will have much impact on both economies, and of course the crypto community will also be affected.
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These two big countries are preciselly big influencers to the crypto world. Actually, all issues may influence crypto market. However, in this case, we be aware that the crypto market depends on the market itself. We must not be panic because of certain issues
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Certainly the effect will be great on Cryptocurrency from the feuds of the two countries, especially if the United States and China both issue Cryptocurrency Coins respectively. Just stay strong, then they will win. As a small investor like me, it's true we don't need to panic. And we must still be able to take advantage of situations like this.
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Well due to to all these unrests in the world it may exactly prove that centralised government have failed, and that is when the crypto/blockchain world wins. As it was made purely to move away from a government it can play out very well for crypto holders. But this is just my impression...
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Though many people from this country heavily involved in various sectors of crypto and we have many big investors from there too I do not think this will cause any problem for that event you are talking about. Because I do not think the crypto market is dependent on the trade of these two countries anyway. But we should be careful though.
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As crypto market is considered as a hedge to the traditional markets so any negative news on traditional side can result in positive effect on crypto market we have seen this before and even now market seems to be bullish about it.
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I do not think that the trade war between the USA and China will last long. This is not beneficial for both states, since they will mutually weaken, and those states that will not participate in this conflict will win. Although Trump likes to demonstrate the power of the United States, Congress is constantly holding him back. In addition, the United States will soon have elections and the owner of the White House may soon change, and US foreign policy regarding China may change. For cryptocurrencies, this war is unlikely to have a significant impact. Depending on the specific actions of the participants in this conflict, this will have a short-term effect.
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We know that many people buy-sell because of the news. This makes news can influence the crypto market, the same like in the forex. I can say that U.S.-China trade war possibly brings impacts in crypto prices.
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America and China are two giant countries that are currently competing to become world rulers, some even say that the Covid-19 Pandemic conspiracy is the effect of competition between the two countries. This certainly has a big influence on the global economy, and will certainly spread to Cryptocurrency trading. But all of course will return to them traders and Cryptocurrency Investors, if they too follow this situation, then the price of Cryptocurrency will certainly go down. It is my hope that what is happening at the moment does not have a major effect on changes in Crypto prices in general.
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The issue between China and the US is very complicated, The two economic and military superpower was dragged many markets to their problem including crypto industry, But I believe it will be resolved soon, China has a lot of cryptocurrency users and investors so every single negative publicity with both parties involves (US and China) can influence to any market. and the cryptocurrency industry is one of them.
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The issue between China and the US is very complicated, The two economic and military superpower was dragged many markets to their problem including crypto industry, But I believe it will be resolved soon, China has a lot of cryptocurrency users and investors so every single negative publicity with both parties involves (US and China) can influence to any market. and the cryptocurrency industry is one of them.
I also think so, it's hard to believe that the crypto community will be completely out of this trade war and not suffer any impact at all. If the trade war becomes fierce, owning and hoarding fiat is potentially more risky than cryptocurrencies, and that could be an opportunity for crypto.
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I also often see this on the Telegram channel which has many followers and says the effect of the Trade War is very powerful to destabilize world finances including cryptocurrency.
The logic is that when everyone from WD Bitcoin from Binance to the local market there is definitely someone who uses USDT, TUSD, BUSD as their investment in stable coins.
These stable coins gained the effect of the Trade War between China and the USA.
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News can have influence in crypto space, so if there is rumor about U.S.-China trade war, it can be affected the crypto market. I have seen many cases showing that the news can affect crypto prices.
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Many crypto investors are from China and may have little impact on the price of crypto later. The stock market will be more affected by the trade war that occurred between the USA and China
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The FED will just move a decimal place over on the USA economy and give the money to their 12 family members (12 banks in Federal Reserve system) who decide who gets it: Debt based economy keeps everyone in line, it’s claimed.
Unelected bankers control that country.
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For now, I see the positive impact of trade rivalry between the US and China on the development of cryptocurrency. First of all, such rivalry forces these two world superpowers to issue their digitized currencies. Their appearance at the same time will cause additional interest in a decentralized cryptocurrency.
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It is difficult to say what will happen in the future, of course, but I'm sure that everything will be fine with cryptocurrency, because many countries really want to work with cryptocurrencies and cryptocurrency technologies, and of course, China and America are also on this list.
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The trade war between the US and China is becoming intenser and intenser, I think this will affect the crypto community in the following ways:
- In the short term, neither side gains any benefits. The economies of the two leading countries of the world economy will go down, making the currency devalued, cryptocurrency becoming a safe store of new value;
- To keep up with the trend of cryptocurrencies, China continues to accelerate issuance & globalization of the Yuan coin on the blockchain. This could open a trend of CDBC worldwide;
If this happens, it can be said that the crypto era is coming, but I hope it does not require the condition that the world economy be in crisis. I am quite concerned about President Trump's attitude towards cryptocurrency.
What is your opinion, do you think trade war will affect crypto prices?
Despite the current trade war between the US and China, and your concern about President Trump's attitude toward crypto; I don't think any of these issue will affect crypto nagetively.
Crypto, eg Bitcoin has been known to resist many challenges that has been on its way since inception,and nither the trade war nor President attitude will deter crypto progress. Cryptocurrency has had it's worst case senero in 2018 without a crash, and this trade war will amount to nothing but a potential improvement, increase awareness and global adoption.
Let watch out and see how this trade war plays out at the end. Thanks
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It is difficult to say what will happen in the future, of course, but I'm sure that everything will be fine with cryptocurrency, because many countries really want to work with cryptocurrencies and cryptocurrency technologies, and of course, China and America are also on this list.
The Chinese government has been testing its digital yuan for several months, while the United States is just continuing to study this issue and the need to release its digitalized dollar. Therefore, it seems that the United States may gradually lose its position and China will have an increased chance of winning this trade war. In any case, cryptocurrency will only benefit from this war.
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I can't see big impact of the ongoing tradewar of China and America to cryptocurrency. The War was started few years ago and nothing significantly drag down cryptocurrency price in relation to the war. Not unless both countries ban the activity of crypto currency that's the time I would say it will have a huge impact to the blockchain but for now everything is just normal for crypto world.
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this is very interesting...
I feel that cryptocurrencies are not affected because of the cold war between China and the US. Cryptocurrencies are basically not controlled by a country so it won't have any impact.
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The trade war between the United States and China has been going on for a long time. Cryptocurrency adds its own spice to this war. China has been testing its digital yuan for several months now and should launch it by the end of the year. At the same time, the US is only continuing to explore the possibility of issuing its digitized dollar. Therefore, China has already taken the initiative in this war into its own hands and its digitized yuan may soon become a very common means of payment throughout the world.
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U.S.-China trade war is not noly effect in crypto currency but also the whole world business especially in currency market. Any news can influence the market. As of late we see that gold price is increasing rapidly but why? What is the reason? The answer is Trade War. When people get the news about economic crisis then the people wish to store gold and later it shows the high price of gold. So every thing is concerning with the trade war.
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The war between the two countries in terms of the economy is inevitable. Not only on their systems but also on their products and even on their people. In this case, they were initially not concerned about cryptocurrency and even considered crypto illegal. But now, changes have occurred. In fact, they have made digital currencies, are interested in the world of crypto, and also have a huge impact on the world of crypto. Whatever it is, this will affect not even a few of the residents of the two countries who enter the world of crypto
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If they compete to create positive things in the crypto market, I think the impacts should be good. But I am not really sure how the price in the market to be influenced. I only know that the price in the market is mostly influenced by demand. If the demand is increasing because of the trade war, I think the price will grow.
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Of course it will be very influential. Where do we know that if the trade war will affect the economy, then all sectors including crypto will also be affected. Moreover, this is a big trade war between the two countries.
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The impact is gonna be huge. These 2 countries are inarguably the biggest influencers in cryptocurrency, along with Russia and India. So a trade war is going to impact negatively on this and I hope Trump is not re-elected to lessen this
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If we say the impact of US-China trade wars in cryptocurrency prices I believe it was just minimal because cryptocurrency is just a small portion of global trading output that's why it's not that big to be alarmed.
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Of course, the war between China and the US will have an impact on crypto trading. Where the two countries are the centers of world trade. So that all countries can feel the impact. And crypto could be affected too.