What could China be planning with crypto in the future?We do not care. Chinese had proven that bitcoin and other cryptocurrencies can not be banned completely in a way that people in a country will not be able to use it anymore.
I don't think Hong Kong is an experiment for the mainland before they openly welcome cryptocurrencies. It's intended to be the only place for crypto just like how gambling is only allowed in Macau. Their Government wanted those industries to be contained in one specific area.I can also see in that perspective that what they are doing is an experimental. But this may also be a strategy for China to have a much more control in monitoring and analysing it's potential without affecting the entire country if something bad will happen.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
China has great potential because of its population. If this potential flows back into cryptocurrencies, we can undoubtedly witness good developments. However, before China banned cryptocurrencies, we used to make similar comments about some Chinese projects. One of them was NEO. But even before China banned cryptocurrencies, NEO collapsed in terms of price. I don't remember exactly now, but it was something like, if one out of every hundred Chinese people bought one NEO, the price of NEO would be 1000 dollars. :) In short, some calculations on paper may not correspond in real life. Greetings to China and the Chinese people, and to the rest of the people of the world... :)
What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.
I feel like China is playing a complex game with cryptocurrencies. They aim to benefit from blockchain technology but at the same time want to maintain control over the financial sphere. Their strategy involves implementing the digital yuan and conducting tests, but they also impose strict bans on cryptocurrency operations. In the future, they will likely continue to balance between researching and regulating cryptocurrencies to minimize risks and maximize the potential of blockchain technology for their economy.Testing out CBDCs doesn't mean they are playing with crypto. Similar to what I said about the Russian Digital Ruble, China probably do not consider the Digital Yuan and other CBDCs as cryptocurrency even if they are using the same technology (blockchain).
In the context of the economic crisis and its possible intensification, something tells me that China will have no time for cryptocurrency. Moreover, it will not ensure economic growth, it will ensure the growth of the financial sector, and this is not the same thing.The financial sector development is different from the economy development, but they are directly proportional. If the financial sector is becoming more developed to a significant level, this will have positive effect on the economy as the economy will also becoming more developed. Also there are difference between economy growth and development.
I don’t agree, the only thing they have in common is the word “economy”. Money earned in the financial sector is usually invested back.The financial sector can easily show growth while the real sector shows a decline. And the real sector primarily generates added value, which leads to the growth of the country's economy and not vice versa.In the context of the economic crisis and its possible intensification, something tells me that China will have no time for cryptocurrency. Moreover, it will not ensure economic growth, it will ensure the growth of the financial sector, and this is not the same thing.The financial sector development is different from the economy development, but they are directly proportional. If the financial sector is becoming more developed to a significant level, this will have positive effect on the economy as the economy will also becoming more developed. Also there are difference between economy growth and development.
In my personal opinion, from the very start, China doesn't hate Bitcoin or cryptocurrency; it's just their strategy to pretend they don't like them. Yes, they are banning, but do we know that if they can do that, there will be a downfall in the crypto market, and when that happens, they can secretly invest potential cryptos in the market and Bitcoin a huge amount in them?Hmm that's some interesting thought there , although am not too certain about china capability of doing this but am very certain that this is the same politics that most coin owners do with their coins that earn them huge profits leaving the masses misguided and confuse by the sudden dump.
I don't think that China would "accept" crypto. They are already dealing with some of the coins and tokens, like EOS was a huge thing there for example, they are just putting harsh regulations to Bitcoin that's it. Last I remember you could still have bitcoin in your wallet and that wasn't disallowed or illegal, it was illegal to mine it as far as I remember though. So there are some stuff you can do with it and can't do with it. All in all, in the end its going to be fine and even Chinese will realize that they can do whatever they want without getting caught and they could just simply deal with the privacy a bit more carefully.
I don't think that China would "accept" crypto. They are already dealing with some of the coins and tokens, like EOS was a huge thing there for example, they are just putting harsh regulations to Bitcoin that's it. Last I remember you could still have bitcoin in your wallet and that wasn't disallowed or illegal, it was illegal to mine it as far as I remember though. So there are some stuff you can do with it and can't do with it. All in all, in the end its going to be fine and even Chinese will realize that they can do whatever they want without getting caught and they could just simply deal with the privacy a bit more carefully.China only bans crypto, not blockchain. Even the Chinese community is very enthusiastic about learning and finding ways to apply blockchain technology. It is quite puzzling that EOS, the dinosaur blockchain and once abandoned by BlockOne, is popular in China and is considered the best blockchain in the world.
In the context of the economic crisis and its possible intensification, something tells me that China will have no time for cryptocurrency. Moreover, it will not ensure economic growth, it will ensure the growth of the financial sector, and this is not the same thing.Why China has no time? They have time but they are playing a secret influence.
Why China has no time? They have time but they are playing a secret influence.Yeah like as you said, the economic conditions in China are very good, and the technological developments there are very fast and extraordinary, so that when Chinese people start using cryptocurrency as one of their legal currencies, it will have a good impact on cryptocurrency price movements. Yes, all you need is a lot of patience, because the process of doing that is not easy.
When China supports crypto, I'm sure there will be economic growth around the countries in the world. We know that China has a big role in many sectors of our life. The supports from China will be always crucial. But it doesn't determine the future of crypto.
Yeah like as you said, the economic conditions in China are very good, and the technological developments there are very fast and extraordinary, so that when Chinese people start using cryptocurrency as one of their legal currencies, it will have a good impact on cryptocurrency price movements. Yes, all you need is a lot of patience, because the process of doing that is not easy.
Hongkong decision will not stand for the whole china and I do believe is that if Hongkong adopts crypto
Recently, Hong Kong, which is considered a territory strongly influenced by China, has opened its doors to crypto[5]. This may be an experiment with crypto that China wants to conduct before opening up and adopting crypto in the mainland.
Re: If China soon welcomes crypto: strong bullrun?No, and they will never welcome crypto in their country.
China has announced several bans on cryptocurrencies long ago and managed to create quite a negative impact on the market. From 2013 to 2021, China announced a massive ban on all exchanges and transactions, including Bitcoin transactions, several times, although each time the price of Bitcoin began to fall sharply, but currently China's negative or positive actions may not have much impact on the Bitcoin market, or even last. no So for now, no matter how positive China looks on Bitcoin, these announcements will not have any impact on Bitcoin from my point of view.I can't fully believing yet with China has plan for making bitcoin as legal currency transaction, they have banned bitcoin several time and since China banned announced bitcoin dropped drastically although always success recovery more higher price than before after banned announcement.
If China works with cryptocurrency, it will promote a national cryptocurrency and not Bitcoin. And there will be little transparency in this process. In any case, all totalitarian states suffer from similar weaknesses.China has announced several bans on cryptocurrencies long ago and managed to create quite a negative impact on the market. From 2013 to 2021, China announced a massive ban on all exchanges and transactions, including Bitcoin transactions, several times, although each time the price of Bitcoin began to fall sharply, but currently China's negative or positive actions may not have much impact on the Bitcoin market, or even last. no So for now, no matter how positive China looks on Bitcoin, these announcements will not have any impact on Bitcoin from my point of view.I can't fully believing yet with China has plan for making bitcoin as legal currency transaction, they have banned bitcoin several time and since China banned announced bitcoin dropped drastically although always success recovery more higher price than before after banned announcement.
I don't think necessary with China have to make bitcoin as legal currency transaction because without China bitcoin keep strong and success recovery until raise higher price, just make bad speculation with China has not consistency when making bitcoin legal some time they will announce bitcoin banned as legal transaction.
China has announced several bans on cryptocurrencies long ago and managed to create quite a negative impact on the market. From 2013 to 2021, China announced a massive ban on all exchanges and transactions, including Bitcoin transactions, several times, although each time the price of Bitcoin began to fall sharply, but currently China's negative or positive actions may not have much impact on the Bitcoin market, or even last. no So for now, no matter how positive China looks on Bitcoin, these announcements will not have any impact on Bitcoin from my point of view.I think China is looking to take advantage of the time to create their own digital currency, preventing the invasion of crypto that could weaken the power to manipulate domestic finance. Now they are testing in Hong Kong. If crypto is good and can be managed, it will accept and collect taxes on the mainland. On the contrary, if it's not good, it's okay to let Hong Kong continue testing for a few more years and then leave.
China as we all know has a strong market force coupled with the fact that they have a population running into billions. Before the ban of Crypto currency in China, the Crypto market was really booming as the Chinese were fully adopting Bitcoin and other Crypto in full scale which really made the market growth increasing on a steady speed not until the Chinese government banned Bitcoin and crypto which drastically affected the Crypto market causing panic and sell off.
There is this thing I have realised about the Chinese market, no matter how small a project is, if the Chinese influence enters, there is always a surge in demand for it and definitely the product will have it's way into the global market and just a little percentage of the Chinese population alone could make it be at the top of demand in the consumers priority list.
Nevertheless, I believe the Chinese government are currently conducting a research on Crypto currency via their neighbour as a case study because there is every possibility that the outcome of the research could trigger them to lift a their ban on crypto currency but however, let no is watch as things unveils itself.
China as we all know has a strong market force coupled with the fact that they have a population running into billions. Before the ban of Crypto currency in China, the Crypto market was really booming as the Chinese were fully adopting Bitcoin and other Crypto in full scale which really made the market growth increasing on a steady speed not until the Chinese government banned Bitcoin and crypto which drastically affected the Crypto market causing panic and sell off.
There is this thing I have realised about the Chinese market, no matter how small a project is, if the Chinese influence enters, there is always a surge in demand for it and definitely the product will have it's way into the global market and just a little percentage of the Chinese population alone could make it be at the top of demand in the consumers priority list.
Nevertheless, I believe the Chinese government are currently conducting a research on Crypto currency via their neighbour as a case study because there is every possibility that the outcome of the research could trigger them to lift a their ban on crypto currency but however, let no is watch as things unveils itself.
That's what other countries that are negative about Bitcoin or cryptocurrency always do: when they see that there will be a good trend in Bitcoin, like the upcoming halving, the wind suddenly changes in reality. Of course, they know that they can make a profit from what they do.
Observe that after the bull season and entering the bear market again, a country like China will suddenly turn negative. How many times have they done that? They do the same in other countries, but there are others who are open to bitcoin or cryptocurrency.
China has announced several bans on cryptocurrencies long ago and managed to create quite a negative impact on the market. From 2013 to 2021, China announced a massive ban on all exchanges and transactions, including Bitcoin transactions, several times, although each time the price of Bitcoin began to fall sharply, but currently China's negative or positive actions may not have much impact on the Bitcoin market, or even last. no So for now, no matter how positive China looks on Bitcoin, these announcements will not have any impact on Bitcoin from my point of view.I can't fully believing yet with China has plan for making bitcoin as legal currency transaction, they have banned bitcoin several time and since China banned announced bitcoin dropped drastically although always success recovery more higher price than before after banned announcement.
I don't think necessary with China have to make bitcoin as legal currency transaction because without China bitcoin keep strong and success recovery until raise higher price, just make bad speculation with China has not consistency when making bitcoin legal some time they will announce bitcoin banned as legal transaction.
- When bitcoin reached 69k$ ATH at the time of 2021, did China participate at this time? I just thought I should have said it. Because I also can't say that the country of China will boost everything in bitcoin the day it enters the bull run.
I can even say that China can only add to the impact of holding a huge amount of bitcoin, but not in a way that will be the main reason for the day of the bull run itself, whether it happens this year or next year.
Yeah that's right. I remember that when China announce to ban crypto there is a sudden dump of all cryptocurrencies including Bitcoin. If I'm not wrong the prices went down more than -30% which can really gives us anxiety. After that, I heard a news from the trading group I joined that there are people who ended their lives because of that massive dump. You know when you are trading futures you will encounter more loses than spot investors because of leveraging. Because of that we understand how big the influence of China to crypto. So I believe that when the China decide to unbanned crypto, there will be a positive impact to the price of cryptocurrencies.
I don't think Hong Kong is an experiment for the mainland before they openly welcome cryptocurrencies. It's intended to be the only place for crypto just like how gambling is only allowed in Macau. Their Government wanted those industries to be contained in one specific area.I can also see in that perspective that what they are doing is an experimental. But this may also be a strategy for China to have a much more control in monitoring and analysing it's potential without affecting the entire country if something bad will happen.
If China cancels the crypto ban it will definitely have an impact on crypto prices, because we know China is one of the biggest economics. But until now China has not allowed crypto, even the Chinese coin NEO has not had any significant development.Can't fully believing with China withdraw their regulation banned crypto as currency transaction or commodity assets, they had did many time for making bitcoin and altcoin as illegal transaction and not easily for accepting the reason of China government want to make bitcoin back to legal.
You share sad story, when China banned crypto at the past. Hopefully China will have a good policy to allow crypto.
The crypto market has suffered many negative impacts when China has made tough decisions against crypto in recent years:
- 2013: China bans banks from crypto transactions
- 2017: China bans crypto initial coin offerings
- 2019: Attention turns to bitcoin mining
- 2020: Enforcement ramps up
- 2021: China bans crypto trading and mining[1]
Have you tried to investigate how many times China announced the regulation of crypto and its acceptance? There were such news as well as these negative ones.There will always be good news and bad news about cryptocurrency, and the most important thing is to carefully consider how this news circulates because there is also a purpose for this news to circulate because it wants to trigger traders to panic and sell their assets at cheap prices.
Everyone is quite tired of the speculations of the Chinese state, and one gets the impression that it was just part of the price manipulation to get extra profit out of it. It's good this way and maybe it's better without their meddling in the Bitcoin thing.
There will always be good news and bad news about cryptocurrency, and the most important thing is to carefully consider how this news circulates because there is also a purpose for this news to circulate because it wants to trigger traders to panic and sell their assets at cheap prices.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?I don't even know what they are up to. There are still a lot of crypto folks in their country and they have to recognize that. I have no idea what they're planning because no matter what news of stoppage or ban is there, I am sure that there are whales and mining facilities and farms there that continue to operate and never ceased with their operations. So, if they want to ban, they should ban but I guess that my belief about them is opposite in crypto related affairs inside them.
I don't even know what they are up to. There are still a lot of crypto folks in their country and they have to recognize that. I have no idea what they're planning because no matter what news of stoppage or ban is there, I am sure that there are whales and mining facilities and farms there that continue to operate and never ceased with their operations. So, if they want to ban, they should ban but I guess that my belief about them is opposite in crypto related affairs inside them.I also believe that big whales in China are still actively manipulating the market with their huge capital. I hope this cash flow will not leave the market, it would be better if investors could legally trade and invest in crypto in China, the crypto market in China is also very large and potential.
China is largest populated country. Total population till now 1.425 Billion. And Big part of Bitcoin mining happen in China. So if here happen any negative or positive news, it’s impact were also big. We know when China given positive news then Cryptocurrency market go up, and when we saw negative news from China then total cryptocurrency market were down. So it is proved China is big fact for crypto.
So i think if China soon welcomes crypto then we will saw strong bull market there has no doubt. Because China is stronger part of cryptocurrency.
as you stated earlier, the number of bitcoin miners in China is very large. But so far the Chinese government has banned bitcoin. If the Chinese government legalizes bitcoin, we will definitely see bitcoin strengthen further, with support from the large Chinese population.We all know that China has a huge economic potential. They have many billionaires and a huge amount of capital ready to invest. I believe that part of the success of ICOs in 2017-2018 came from the capital flow in the Chinese market. If China opens up to crypto soon, this capital flow could return and make the crypto market grow more strongly, similar to what we saw from the impact of the BTC Spot ETF in the US. Chinese people also accept risks to have the opportunity to change their financial position, they often like to invest and I believe they will not ignore crypto when choosing assets for their portfolio.
China has always been hostile to crypto. Especially the government of that country does not want its people to use Bitcoin or cryptocurrency. The Chinese government has tried different ways to convince the public about the disadvantages of using crypto. They declared Bitcoin illegal. Crypto mining has also been banned. But the public has behaved positively towards Bitcoin. Although not officially announced, the government is now taking a positive view of it. Maybe we'll get a crypto acceptance message from them soon.If China cancels the crypto ban it will definitely have an impact on crypto prices, because we know China is one of the biggest economics. But until now China has not allowed crypto, even the Chinese coin NEO has not had any significant development.Can't fully believing with China withdraw their regulation banned crypto as currency transaction or commodity assets, they had did many time for making bitcoin and altcoin as illegal transaction and not easily for accepting the reason of China government want to make bitcoin back to legal.
You share sad story, when China banned crypto at the past. Hopefully China will have a good policy to allow crypto.
In the past, China banned bitcoin several time and all mining activities not allowed there until right now, actually China become most country with large of cryptocurrency transaction than other country but get difficult to make bitcoin as legal currency transaction.
as you stated earlier, the number of bitcoin miners in China is very large. But so far the Chinese government has banned bitcoin. If the Chinese government legalizes bitcoin, we will definitely see bitcoin strengthen further, with support from the large Chinese population.BTC mining was very popular in China, but then their government banned it and most of the miners had to relocate to other locations, there would probably be miners left in China, but they must be mining in secret. I don't know why people worry about what China does concerning BTC, the network works without China and the Chinese economy likewise does not need BTC, so we can leave it at that.
China did not welcome Bitcoin/crypto up to now but look at how Bullrun happens , the crypto market not need China to grow because there are lots of big players that can contribute more than how much china can bring.I understand that exchanges do have users from various countries, even if China does not accept cryptocurrency trading there are still many people from other countries providing support for Bitcoin, but if there is good news they start accepting Cryptocurrency trading and provide support for Bitcoin then the price of Bitcoin will increase very high, much higher than the current price, which is clear that currently there are still many countries that have not fully contributed to Bitcoin. I really hope that other countries start to accept and provide clear legality regarding the use or trading of Bitcoin.
but we will be welcoming this country of course as their contribution will give the market more value in time.
From my own perspective I think china been historical to adverse cryptocurrency, by been some belief that the country may soften it stance. A lot of people believe that china regulations as a cryptocurrency friendly country might lead to a bullrun due to the mass population and economic Influence of the country. Though china having a lot of potential for growth in the cryptocurrency space.I think China changing views on cryptocurrency are important for global crypto market. If China starts to support cryptocurrencies more it could have a big effect because of its large population and strong economy. If China makes rules that are good for crypto it could make more people invest and cause prices to go up.
China did not welcome Bitcoin/crypto up to now but look at how Bullrun happens , the crypto market not need China to grow because there are lots of big players that can contribute more than how much china can bring.
but we will be welcoming this country of course as their contribution will give the market more value in time.
Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.
Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.
Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?
Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?That is why the Chinese government does not want to legalize crypto because they already understand the very high risks in cryptocurrency. They are one of the largest economic populations so they don't want to use cryptocurrency because they are worried that it will have a bad impact on their citizens and country.
That is why the Chinese government does not want to legalize crypto because they already understand the very high risks in cryptocurrency. They are one of the largest economic populations so they don't want to use cryptocurrency because they are worried that it will have a bad impact on their citizens and country.China did not illegalize cryptocurrencies either. Bitcoin and other cryptocurrencies are considered as digital properties and they are not illegal in China. What confused people is that China did not consider bitcoin and other cryptocurrencies as as currencies but as properties.
Yes, China contributes greatly to the world economy today. I think if they welcome crypto in their country it will gain a strong impact in their economy, and surely it will be a strong bullrun on the crypto space.
Many comments are similar, that if China supports crypto it will have a good influence on the crypto market. Because China has one of the largest populations, and also one of the largest economies in the world. Is there a way to promise the Chinese government to legalize crypto?
The crypto market has suffered many negative impacts when China has made tough decisions against crypto in recent years:Every time there is negative information from China, the crypto community often worries because bans can cause the crypto market to lose investors and abundant cash flow from China. However, the crypto market continues to grow and is not dependent on any country. Even when China banned Bitcoin mining, miners came to the United States and helped the United States become the leading country in mining power, accounting for 35.4% of the hash rate, nearly double the second place, Kazakhstan, with 18.1%[2].
- 2013: China bans banks from crypto transactions
- 2017: China bans crypto initial coin offerings
- 2019: Attention turns to bitcoin mining
- 2020: Enforcement ramps up
- 2021: China bans crypto trading and mining[1]
Besides, China's relationship with cryptocurrency is more nuanced than the simple "banned" label often applied by Western media. While authorities cracked down on several aspects, individual ownership and peer-to-peer trading remain largely untouched[3].
There are many reasons for this problem, I think that by pushing crypto into the gray area, China might keep crypto at arm's length while exploring blockchain tech and central bank digital currencies e-CNY from 2019: 120 million wallets, 26 cities serving as test beds and 5.6 million merchants registered to use the currency national, total transactions had reached 950 million with a cumulative value of 1.8 trillion yuan (US$249.9 billion) by the end of June 2023[4].
Recently, Hong Kong, which is considered a territory strongly influenced by China, has opened its doors to crypto[5]. This may be an experiment with crypto that China wants to conduct before opening up and adopting crypto in the mainland.
I personally believe that China is wise enough to realize the potential of crypto for the development of the economy, at least regarding the lucrative crypto tax source for the national budget. They are just developing their own CBDC and conducting small-scale testing in Hong Kong before opening up to crypto throughout the territory. If this happens, a huge amount of capital from Chinese investors could flow into the crypto market and create strong growth. I hope that this comes in 2025 and we have an extremely strong bullrun and take BTC to $100K.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
[1] China Crypto Bans: A Complete History (https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/)
[2] 60+ Bitcoin Mining and Energy Consumption Statistics For 2024 You Need to Know (https://www.techopedia.com/bitcoin-mining-and-energy-statistics)
[3] China Never Completely Banned Crypto (https://www.coindesk.com/consensus-magazine/2024/02/05/china-never-completely-banned-crypto/)
[4] What’s the state of China’s digital yuan in 2023? (https://www.scmp.com/economy/china-economy/article/3237317/whats-state-chinas-digital-yuan-2023)
[5] As the US cracks down on crypto, Hong Kong extends a warm welcome (https://techcrunch.com/2023/04/29/hong-kong-china-crypto-east-rises/)
From what I have experienced in my personal life, China is known to be an opportunistic country in cryptocurrencies. China has banned Bitcoin many times before and re-legalized Bitcoin. Although China is a populous country and millions of users from China have invested in Bitcoin, this positive announcement or negative from China.The announcement may not generate much buzz in the Bitcoin market right now. Investors have understood this opportunistic announcement by China, which is why people do not want to take much positive in this announcement of China, regardless of whether China bans or recognizes Bitcoin.If I get you clear, you are talking about China being an opportunist country and I believe being an opportunist country, they always want to see how they could take advantage of things in their favor but I believe wether being opportunist country or not, China has the market power and will and whenever chinese government makes any statement, it affects what ever direction that statement goes or is focused on. They got the population, the have a strong economy so they gave say in the world economy as well. Do not forget that they are are contending force in the production industry so anything they say or do have some side effects as well.
If I get you clear, you are talking about China being an opportunist country and I believe being an opportunist country, they always want to see how they could take advantage of things in their favor but I believe wether being opportunist country or not, China has the market power and will and whenever chinese government makes any statement, it affects what ever direction that statement goes or is focused on. They got the population, the have a strong economy so they gave say in the world economy as well. Do not forget that they are are contending force in the production industry so anything they say or do have some side effects as well.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?OMG, you always come up with unique and interesting posts, that are totally new for me, just like the article in this post that says China never bans crypto completely, I mean I read news where the Chinese government punished a government officer for using crypto and gave him a long sentence, I read many other news as well, but what I did not know that $90 billion of dollars are traded only on Binance and only in one month that's shockingly amazing.
If I get you clear, you are talking about China being an opportunist country and I believe being an opportunist country, they always want to see how they could take advantage of things in their favor but I believe wether being opportunist country or not, China has the market power and will and whenever chinese government makes any statement, it affects what ever direction that statement goes or is focused on. They got the population, the have a strong economy so they gave say in the world economy as well. Do not forget that they are are contending force in the production industry so anything they say or do have some side effects as well.
Yes, China has great economic power as one of the countries with the world's largest economy and we know its population is very large, so statements coming out of China about bitcoin will affect the crypto market.
Of a truth China has a great population that could trigger a hike in Bitcoin price and if that happens, it is a good thing and it would positively be in favour of Bitcoin enthusiast. I wish the Chinese government would look into it and see the reasons why Bitcoin is good to be classified as a financial legal tender and immediately approve of it to be adopted and integrated into the financial system of their economy. That alone could trigger other nations looking up to China to follow suit to accepting Bitcoin and other Crypto currency.
If I get you clear, you are talking about China being an opportunist country and I believe being an opportunist country, they always want to see how they could take advantage of things in their favor but I believe wether being opportunist country or not, China has the market power and will and whenever chinese government makes any statement, it affects what ever direction that statement goes or is focused on. They got the population, the have a strong economy so they gave say in the world economy as well. Do not forget that they are are contending force in the production industry so anything they say or do have some side effects as well.
Yes, China has great economic power as one of the countries with the world's largest economy and we know its population is very large, so statements coming out of China about bitcoin will affect the crypto market.
Many people hope that the Chinese government will allow Bitcoin, but we should not hope about that. Because China has always been against Bitcoin. Even though China, as a large country economically and in population, has always opposed Bitcoin, to this day Bitcoin still exists and is more popular than before.
Many people hope that the Chinese government will allow Bitcoin, but we should not hope about that. Because China has always been against Bitcoin. Even though China, as a large country economically and in population, has always opposed Bitcoin, to this day Bitcoin still exists and is more popular than before.The Chinese government is very smart, they will not allow bitcoin to enter their country because they are aware that bitcoin is very dangerous, bitcoin is currently controlled by many people and most of them are the global elite who have a lot of money, perhaps from China's opponents, so that's how It is best for them to strongly reject bitcoin so that their people are not affected by the bad effects of bitcoin.
The crypto market has suffered many negative impacts when China has made tough decisions against crypto in recent years:China has a very large market capacity and there is a lot of news that China wants to defeat the dominance of the US Dollar.
- 2013: China bans banks from crypto transactions
- 2017: China bans crypto initial coin offerings
- 2019: Attention turns to bitcoin mining
- 2020: Enforcement ramps up
- 2021: China bans crypto trading and mining[1]
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
From what I have experienced in my personal life, China is known to be an opportunistic country in cryptocurrencies.well that is not just for cryptocurrencies mate but China is opportunistic in everything in this world .
China has banned Bitcoin many times before and re-legalized Bitcoin. Although China is a populous country and millions of users from China have invested in Bitcoin, this positive announcement or negative from China.The announcement may not generate much buzz in the Bitcoin market right now. Investors have understood this opportunistic announcement by China, which is why people do not want to take much positive in this announcement of China, regardless of whether China bans or recognizes Bitcoin.banning bitcoin in china will never bring bitcoin down instead they are just hindering their people to earn and to have chances in this area of profiting and using.
OMG, you always come up with unique and interesting posts, that are totally new for me, just like the article in this post that says China never bans crypto completely, I mean I read news where the Chinese government punished a government officer for using crypto and gave him a long sentence, I read many other news as well, but what I did not know that $90 billion of dollars are traded only on Binance and only in one month that's shockingly amazing.I don't like to dwell on conspiracy theories, but I've always believed that the Chinese government has always had many big plans to increase its position in the world: economically, technologically, and even in crypto. China is very enthusiastic about researching and finding ways to apply blockchain technology, and at the same time implementing CBDC as e-CNY, they don't want to miss out on this attractive market. The only thing we don't know is: when will China return and what strategy will they return with?
Well, this indicates one thing that all the western media or other media that are creating an environment in the world's population's mind, that china is not supporting crypto and strictly prohibit it, are the actors of a single country which is getting the most of the benefit, I mean, before it was china, on which all eyes were, and now its USA and the most benefit is also to USA as well, and there is no doubt that big influencers sitting in USA have great control on all types of medias. Well, sadly that's not right. Things should be made crystal clear to people.
I don't like to dwell on conspiracy theories, but I've always believed that the Chinese government has always had many big plans to increase its position in the world: economically, technologically, and even in crypto. China is very enthusiastic about researching and finding ways to apply blockchain technology, and at the same time implementing CBDC as e-CNY, they don't want to miss out on this attractive market. The only thing we don't know is: when will China return and what strategy will they return with?As you already have stated in your main post about their second division Hong Kong which is crypto-friendly and welcomes every investor and crypto platform. Promoting crypto in every narrative. I already knew the info from BTT shared it a lot of time there, the point is, Chinese might not be allowed to do trading, or other crypto related stuff in public or openly but they can go to HK the second division part of China which have its own monetary system, government system, but still under the control of China. When I get to know this info back in time, I then realized that China is going to make a comeback soon, maybe not now but when some bul run will come. And now your post has shed more light on this case for me that crypto is not banned its just not regulated.
I think there is always room for Chinese investors in the crypto market, and their capital will make the crypto market grow stronger. But I fear that China's CBDC will be learned and applied in other countries, making CBDC popular and having a negative impact on people through high control.Chinese are investing there funds in crypto and there is no doubt in that, they are loyal people I don't think they will face any problem in accepting the CBDC or so called e-cny system. Because they like to pay tax for the sake of there country. I like that kind of mentality. CBDC have its own pros and cons but I suggest it will only increase the adoption of crypto either goes as planned or not.
As you already have stated in your main post about their second division Hong Kong which is crypto-friendly and welcomes every investor and crypto platform. Promoting crypto in every narrative. I already knew the info from BTT shared it a lot of time there, the point is, Chinese might not be allowed to do trading, or other crypto related stuff in public or openly but they can go to HK the second division part of China which have its own monetary system, government system, but still under the control of China. When I get to know this info back in time, I then realized that China is going to make a comeback soon, maybe not now but when some bul run will come. And now your post has shed more light on this case for me that crypto is not banned its just not regulated.We will wait and see the progress of crypto in Hong Kong and the reaction of China. China has been silent throughout the 2020 cycle but recently they have warned people about the insecurity of investing in BTC and crypto. I'm not sure this is negative news, maybe they are just preparing to accept crypto after the success of Hong Kong.
Chinese are investing there funds in crypto and there is no doubt in that, they are loyal people I don't think they will face any problem in accepting the CBDC or so called e-cny system. Because they like to pay tax for the sake of there country. I like that kind of mentality. CBDC have its own pros and cons but I suggest it will only increase the adoption of crypto either goes as planned or not.
Ban or not, it doesnt matter because this market could pump out with or without them. Come to think that we've been into those peaks without needing anyone.The growth of the crypto market in the 2021 bullrun is perhaps the clearest evidence that the crypto market is not dependent on any country. However, it would be better if the market had more investors and money flow.
It would matter in overall or global recognition or adoption but of course there would be some exclusions into those countries or government who do really hate up crypto.
Somehow we cant really be able to deny that on the time that China would really be kicking in then it would really be giving out that kind of significant effect
which it could drive up the price even more. Cant really deny their purchasing power when it comes on everything.
Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.Ban or not, it doesnt matter because this market could pump out with or without them. Come to think that we've been into those peaks without needing anyone.The growth of the crypto market in the 2021 bullrun is perhaps the clearest evidence that the crypto market is not dependent on any country. However, it would be better if the market had more investors and money flow.
It would matter in overall or global recognition or adoption but of course there would be some exclusions into those countries or government who do really hate up crypto.
Somehow we cant really be able to deny that on the time that China would really be kicking in then it would really be giving out that kind of significant effect
which it could drive up the price even more. Cant really deny their purchasing power when it comes on everything.
Many people have blamed the fact that BTC was unable to reach $100K in 2021 on the FED's decision or the weak participation of Chinese investors. Therefore, I believe that when investors in the world's second largest economy participate in the crypto market, the explosion of crypto will be even more violent, especially for tokens with teams in China such as Neo and Tron.
I hope that the experiment in Hong Kong will soon bring good results and that China will open up to crypto in early 2025, creating the momentum for crypto total cap to surpass Gold cap ~ $15.4T in this cycle.
Investments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.
Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto marketInvestments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.
Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto marketI don't dare to expect such a big change from the Chinese government, because it may not be really good if crypto is accepted hastily without being studied carefully enough. El Salvador can easily adopt BTC because they don't have a national currency, while China has a strong national currency, the CNY. A bad crypto strategy can cause problems for the economy and the consequences will be global, negatively impacting many markets.
China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto marketInvestments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.
China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.
I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.Sorry friends, but I don't agree with the statement that blockchain requires crypto... because as far as I know, blockchain is a collection of chained data and it is not always represented in the form of cryptocurrency. China can still implement blockchain technology for the needs of its government or citizens without having to involve crypto...
China really wants to always be at the forefront in the application of technology and be able to create something that is the same as what already exists. You are right, to avoid breaking the rules, you can be sure they will use another concept. It could even be similar or better in terms of the concept. We're waiting for that because I foresee no difficulty for them to be able to implement that at some point., Agree that they must first be willing to accept crypto so that there can be comparisons or to make it easier to do what they want to do in their own way.China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.
I was surprised when China declared ban. I wasn't expecting them to do so because they have foresight and should have seen the future of bitcoin and cryptocurrency. I had thought that it was a strategy to make US ban bitcoin as well and they will return to colonize the industry. But their ploy failed. I have known China to be the rival of US and vice versa. Maybe the reason US didn't toe their lane. Expect China's return to the industry in a big and dynamic way.China's population plays a big role in every development that is carried out, including, of course, crypto. I really agree with you that if crypto can be developed and used there, then the impact will occur with crypto indirectly, because trade is very active with increasing Chinese being able to participate. China is a country that is very technologically advanced, so one day they will make good use of crypto or at least develop their own, which in fact the goal may be in that direction. We don't know and will just wait for further developments.China is actively researching and applying blockchain technology to their country. We don't know exactly how they are applying blockchain technology to supply chains or transportation and education, everything is still a secret, but we know that there are blockchain alliances operating in China such as Blockchain-based Service Network. I have a feeling they are looking for ways to avoid the concept of crypto so as not to violate the regulations that are being applied to crypto. I doubt the feasibility of this effort because blockchain needs crypto to operate in a decentralized and sustainable manner. If China still wants to apply and take advantage of the value of blockchain technology, they will have to accept crypto.
I heard the Hongkong regulator is approving their BTC ETFs. This will certainly make the bull run continues.
Yeah I have the same feelings. The action by Hong Kong could be partly the attitude of China. China will do what it needs for the economy. Because of the characteristics of Hong Kong, it could be a good place to test the water and also release the signal for investors from China. Overall it will contribute to the crypto marketsIf the bull run continues, then why has the price of Bitcoin on the market shown an extraordinary decline recently? Shouldn't the price of bitcoin rise again and surprise many people again? I don't think Hong Kong will have any influence on China and will remain with its stance of not caring about any type of cryptocurrency, including Bitcoin.
I think one of the reasons is that China has been out of the loop for a while in the cryptos market. It has sizes and potential and hasn't been a huge voice yet due to its own policy against cryptos in the past years. People in China still have buying power but considering the economic downtrend recently their attitude toward Bitcoin is still up in the air. The impact may not come right away. Besides, Hong Kong is considered one of the largest financial centers in Asia. Though it was left behind in this industry, the signals of embracing cryptos can boost the confidence of people in China.Yeah I have the same feelings. The action by Hong Kong could be partly the attitude of China. China will do what it needs for the economy. Because of the characteristics of Hong Kong, it could be a good place to test the water and also release the signal for investors from China. Overall it will contribute to the crypto marketsIf the bull run continues, then why has the price of Bitcoin on the market shown an extraordinary decline recently? Shouldn't the price of bitcoin rise again and surprise many people again? I don't think Hong Kong will have any influence on China and will remain with its stance of not caring about any type of cryptocurrency, including Bitcoin.
I have a position in China that is very opportunistic with the issue of bitcoin and crypto, for them the best is their own stablecoin, and there is no other, because for bitcoin they have done a very good job propagating it and then completely filling bitcoin with FUD Of course, I am a person who does not believe in any government, any politician, no matter how much he says and promises good things, because it is very similar to what Elon Musk did because he spoke badly about bitcoin, so these types of things for a country that tell them now that it is pro-bitcoin or pro-crypto, because there is a very large itnere's, of course it will give a bullish impulse, but it will also exert strong pressure on those Chinese citizens who have great control over them, it is beneficial so that they can raise the price of bitcoin, but I wouldn't trust much of what this country says because I know that later they will speak badly about bitcoin.In fact, we know that China is one of the countries with the largest economy in the world, but until now China has not supported and allowed bitcoin and crypto there. Maybe if China legalizes bitcoin, the price of bitcoin will be higher than today because it has a large crypto community.
I have a position in China that is very opportunistic with the issue of bitcoin and crypto, for them the best is their own stablecoin, and there is no other, because for bitcoin they have done a very good job propagating it and then completely filling bitcoin with FUD Of course, I am a person who does not believe in any government, any politician, no matter how much he says and promises good things, because it is very similar to what Elon Musk did because he spoke badly about bitcoin, so these types of things for a country that tell them now that it is pro-bitcoin or pro-crypto, because there is a very large itnere's, of course it will give a bullish impulse, but it will also exert strong pressure on those Chinese citizens who have great control over them, it is beneficial so that they can raise the price of bitcoin, but I wouldn't trust much of what this country says because I know that later they will speak badly about bitcoin.In fact, we know that China is one of the countries with the largest economy in the world, but until now China has not supported and allowed bitcoin and crypto there. Maybe if China legalizes bitcoin, the price of bitcoin will be higher than today because it has a large crypto community.
For now I think few cities only hosts cryptocurrency activities like Hongkong which is I think very open to crypto. I think they already approved Bitcoin and Ethereum ETF if I am not mistaken. But if China, Russia, North Korea and other communist countries I think it has huge impact in the cryptocurrency market but we all know it seems not possible right now. 😅It's true, Hong Kong has approved ETFs, but China and several countries you mentioned are still adamant about prohibiting the use of cryptocurrencies in their countries and will never give any ETF permission for cryptocurrencies including Bitcoin. They are a very developed country with very good economic conditions. They don't want their country to be destroyed because they allow their people to carry out cryptocurrency trading activities which have the potential to make them bankrupt.
I have a position in China that is very opportunistic with the issue of bitcoin and crypto, for them the best is their own stablecoin, and there is no other, because for bitcoin they have done a very good job propagating it and then completely filling bitcoin with FUD Of course, I am a person who does not believe in any government, any politician, no matter how much he says and promises good things, because it is very similar to what Elon Musk did because he spoke badly about bitcoin, so these types of things for a country that tell them now that it is pro-bitcoin or pro-crypto, because there is a very large itnere's, of course it will give a bullish impulse, but it will also exert strong pressure on those Chinese citizens who have great control over them, it is beneficial so that they can raise the price of bitcoin, but I wouldn't trust much of what this country says because I know that later they will speak badly about bitcoin.In fact, we know that China is one of the countries with the largest economy in the world, but until now China has not supported and allowed bitcoin and crypto there. Maybe if China legalizes bitcoin, the price of bitcoin will be higher than today because it has a large crypto community.
Well, I hope it is like that because we are not people who can generate very good market speculation options, but I think if China releases that they can buy Bitcoin , that will Undoubtedly lead to a great rise in the price of bitcoin and that will be decisive for that we can generate high-level speculations, but if China allows bitcoin, I imagine that it will impose a large tax on those who do not use it, but given that China is such a large country, with one of the best economies in the world, just as you say , since it can trigger many good things or, above all, for bitcoin to rise in price, although we all know that in China they do manage bitcoin under privacy and Anonymity protocols.As long as Hong Kong continues to accept crypto, I will still have expectations for the return of investment capital from the mainland into this market. For now, we can wait for the success of BTC & ETH Spot ETFs in Hong Kong, which will be a good sign that people are really interested in the crypto market and that the Chinese government will have more motivation to allow crypto to be traded legally as before.
Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto market
In fact, I think the Chinese government has enough high-level economic advisers who know and understand their own economy and the consequences of making certain economic decisions better than us. And the planning horizon, as in any serious government, is not a year or 5 years, but at least 50. So if they don’t do this, there are serious reasons for this.Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto marketInvestments in the financial sector of the economy instead of the real one can have a very negative impact in the future. Already now the share of the financial sector is very significantly higher than the share of the real one, and this is not good. Regarding China, there are smart people in the government of the country and they understand that the development of crypto is not for them priority task. They don’t know what to do with US government debt bonds, and then there’s crypto. And above all, the Chinese government is able to influence the decision-making of private capital that exists in their country.Yeah, I understand this. China is not really ready for crypto yet, or to be more precise, they are not ready to take the risk of accepting crypto into their national economy. The CBDC e-CNY is a countermeasure they have taken to adapt to crypto, but it has not been really effective. Currently, along with the crypto experiment in Hong Kong, China is also facing deflation in the country, which is even more stressful than the inflation in the US, EU and Japan. I still hope that in the future, China will open up to crypto and we can see positive things from wealthy investors in China in this market.
Well, I hope it is like that because we are not people who can generate very good market speculation options, but I think if China releases that they can buy Bitcoin , that will Undoubtedly lead to a great rise in the price of bitcoin and that will be decisive for that we can generate high-level speculations, but if China allows bitcoin, I imagine that it will impose a large tax on those who do not use it, but given that China is such a large country, with one of the best economies in the world, just as you say , since it can trigger many good things or, above all, for bitcoin to rise in price, although we all know that in China they do manage bitcoin under privacy and Anonymity protocols.As long as Hong Kong continues to accept crypto, I will still have expectations for the return of investment capital from the mainland into this market. For now, we can wait for the success of BTC & ETH Spot ETFs in Hong Kong, which will be a good sign that people are really interested in the crypto market and that the Chinese government will have more motivation to allow crypto to be traded legally as before.
The legal framework and tax will be an inevitable part of the plan to manage the crypto market. We don't need to worry too much about this issue because if the Chinese government wants to allow the crypto market to exist, it will not be too greedy and set too high a tax rate.
You are right, theoretically, as more countries want to adopt Bitcoin, its popularity will increase and trading will definitely become more active, which will result in prices possibly also increasing. China has banned it because the mining that takes place there really disrupts the ecosystem in their country, but if we want to accept it now, it will be because there are other elements that we may not yet know about.Actually, China should start developing their crypto and allow crypto to be used by its citizens, because several countries have legalized bitcoin as an investment. If China takes the role of legalizing Bitcoin as one of the countries with the largest population and economy, it will have a good impact on the crypto marketIf more countries are accepting crypto then the popularity of crypto will increase as a consequence of which it will become more successful. But the government of each country thinks differently so I think if China has not accepted crypto yet then there will be some reason behind it which we cannot understand.
The success of crypto is related to the adoption by the people therefore I think if China accepts crypto then Bitcoin price will increase even more than newly created ATH.
Way too many people are talking about it, I remember the time when China wasn't against bitcoin, and they had bunch of miners, almost all of bitcoin mining was there, that wasn't like 100 years ago, its recent memory, and bitcoin did well but not like something unreal happened. We should definitely consider that as a good news if it ever happens again, it would be something to celebrate, but do not expect like overnight a million dollars per coin type of thing, maybe a small increase but that's about it. I don't get why people suddenly started to talk about this, and not only that but hype the possibility as well.This is a scenario that many investors are hoping for, as China is the world's 2nd largest economy and its citizens are willing to take on higher risks and invest more in crypto to change their financial situation. China's crypto policy is also quite interesting: they do not ban crypto outright, they still recognize crypto as an asset, and they allow Hong Kong to adopt crypto as a small-scale experiment.
You are right, theoretically, as more countries want to adopt Bitcoin, its popularity will increase and trading will definitely become more active, which will result in prices possibly also increasing. China has banned it because the mining that takes place there really disrupts the ecosystem in their country, but if we want to accept it now, it will be because there are other elements that we may not yet know about.
Hopefully, this is good news, not just increasing the popularity of others.
Way too many people are talking about it, I remember the time when China wasn't against bitcoin, and they had bunch of miners, almost all of bitcoin mining was there, that wasn't like 100 years ago, its recent memory, and bitcoin did well but not like something unreal happened. We should definitely consider that as a good news if it ever happens again, it would be something to celebrate, but do not expect like overnight a million dollars per coin type of thing, maybe a small increase but that's about it. I don't get why people suddenly started to talk about this, and not only that but hype the possibility as well.There is a lot of talk about something like this which is also very good at building hype itself. because if a discussion is being held here about this then in other places the same discussion may also be taking place. And yes, this hype is what sometimes drives adoption itself.
We cannot deny that China is a large country and has a very rapidly developing economy, so any news about that country will make a contribution to what is reported, as well as the question of the return of bitcoin may return there, so this news will inevitably make a big contribution to the development of bitcoin itself.Way too many people are talking about it, I remember the time when China wasn't against bitcoin, and they had bunch of miners, almost all of bitcoin mining was there, that wasn't like 100 years ago, its recent memory, and bitcoin did well but not like something unreal happened. We should definitely consider that as a good news if it ever happens again, it would be something to celebrate, but do not expect like overnight a million dollars per coin type of thing, maybe a small increase but that's about it. I don't get why people suddenly started to talk about this, and not only that but hype the possibility as well.There is a lot of talk about something like this which is also very good at building hype itself. because if a discussion is being held here about this then in other places the same discussion may also be taking place. And yes, this hype is what sometimes drives adoption itself.
And talking about China, of course this increasingly advanced economic country always attracts global attention nowadays. so every policy always attracts a lot of media news. So there's no mistaking it if China starts supporting crypto then it will be quite hype news. but yeah that won't make prices rise rapidly. Maybe a few percent increase is possible. And slowly returning to normal after the hype is over.
Way too many people are talking about it, I remember the time when China wasn't against bitcoin, and they had bunch of miners, almost all of bitcoin mining was there, that wasn't like 100 years ago, its recent memory, and bitcoin did well but not like something unreal happened. We should definitely consider that as a good news if it ever happens again, it would be something to celebrate, but do not expect like overnight a million dollars per coin type of thing, maybe a small increase but that's about it. I don't get why people suddenly started to talk about this, and not only that but hype the possibility as well.The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.
The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.I don't think China wants to confront the US in all areas, including crypto. The Cold War is long over, and the current goal of each country is to develop its own economy and technology to have a greater say in global affairs. In addition, China has been unsympathetic to crypto since 2017, at a time when the US was not yet strongly supporting or accepting crypto as it is now. Similarly, if a CBDC is passed in the US, while I don't want to see this happen, China would not abandon its e-CNY, which it is widely testing.
The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.Until now, the CBDC that China is testing is the only clue regarding China's opinion about cryptocurrency. This country has a huge influence on the world economy, and we can only see the government's decision whether it will still accept cryptocurrency as a decentralized digital currency or not.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.It's true, they realize that the very limited supply of bitcoin will have a negative impact on their economic condition. If they continue to give permission for the use of bitcoin, Bitcoin will be used by China's enemies to destroy China. So China's move to not give permission to Bitcoin is quite the right decision.The Chinese government's attitude towards crypto won't change so easily. But if that changes, it could lead to a revolution in cryptocurrency. But what I understand is why crypto is being discouraged in that country. It has now become a diplomatic issue. Since the US has a positive view on crypto, the Chinese government will never take it positively. This is the main problem. But if the Chinese government were to favor its country's miners, the country would benefit the most from crypto and add a new dimension to cryptocurrencies. I hope that the attitude of the government of that country will definitely change in the future.China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.
But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.
Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.As I understand it, crypto is currently only considered an asset and investment in Hongkong. Since Hongkong is ultimately governed by China, it is unlikely that crypto will become a legal tender in the near future. While BTC and ETH spot ETFs have been approved and have begun to attract inflows from traditional investors, the uptake has not been particularly impressive. Nevertheless, these represent the initial steps in experimenting with crypto, and I hope that Hongkong's success will encourage China to seriously consider the potential of crypto for the economy, hence the crypto market has the opportunity to once again receive a huge inflow of capital from Chinese investors.
Maybe there is no accurate news yet on what Hong Kong can do with crypto? But we welcome it because there are changes, although not on a large scale, which have provided a breath of fresh air regarding the activities that can be carried out there. Maybe this is the first step before there will be more movement later, but there have been improvements in the ban so far. I think that one day China will be able to accept it again after regulating its regulations properly.Nice to hear that Hong Kong can now buy and sell crypto there, can it be used as a payment method or is it just an investment? but we all know that Hong Kong is a tourist destination, maybe there we can use crypto as a payment method.
But China do have a specific place just for crypto like Hong Kong. That is I think the only place there that you can trade cryptocurrency. I am not that sure if there is another city aside from Hong Kong but yeah I just don't know why some people think and said that Bitcoin is banned in China.
Maybe there is no accurate news yet on what Hong Kong can do with crypto? But we welcome it because there are changes, although not on a large scale, which have provided a breath of fresh air regarding the activities that can be carried out there. Maybe this is the first step before there will be more movement later, but there have been improvements in the ban so far. I think that one day China will be able to accept it again after regulating its regulations properly.Legally, Hongkong belongs to China and is heavily influenced by Chinese law. It is quite unusual that China bans crypto while Hongkong accepts it. Therefore, I believe that Hongkong is where China is conducting crypto experiments to see the impact of crypto on the economy and society. The recent launch of regulations and BTC & ETH Spot ETFs in Hongkong has confirmed China's positive view of crypto.
What you say is also true, because Hong Kong was brought about by the Chinese authorities and indirectly gave a signal that they were willing to accept it, but perhaps they wanted to use Hong Kong for initial experiments before directly accepting it in all mainland China. Yes, maybe this is just a trick from them so as not to be embarrassed because they have banned it before, but it doesn't matter that with China's return to crypto trading, of course, there will be a big shock effect on crypto after the halving period is over.Maybe there is no accurate news yet on what Hong Kong can do with crypto? But we welcome it because there are changes, although not on a large scale, which have provided a breath of fresh air regarding the activities that can be carried out there. Maybe this is the first step before there will be more movement later, but there have been improvements in the ban so far. I think that one day China will be able to accept it again after regulating its regulations properly.Legally, Hongkong belongs to China and is heavily influenced by Chinese law. It is quite unusual that China bans crypto while Hongkong accepts it. Therefore, I believe that Hongkong is where China is conducting crypto experiments to see the impact of crypto on the economy and society. The recent launch of regulations and BTC & ETH Spot ETFs in Hongkong has confirmed China's positive view of crypto.
I hope that we will continue to have good news from Hongkong and soon see China accept crypto mining, trading, and investment activities within this cycle. In addition to the US presidential election event, money flow from Chinese investors could be the driving force behind a major bullrun.
Because China is known as one of the largest crypto-transaction centers.
Hopefully the second ATH will be a surprise. Along with the announcement that China will receive it in full, we will wait for the good news.
I also believe in what you said. In the end, China will open up again and be willing to accept everything related to crypto. Because of experience, everyone already knows that they are the kings of crypto mining, so it is natural that now, if it starts to be allowed again, the impact will be felt on crypto in general. What is clear is that crypto fans in China themselves are already expecting it and it is not impossible that there will be pressure from its citizens to immediately legalize it again.
Because China is known as one of the largest crypto-transaction centers.
Hopefully the second ATH will be a surprise. Along with the announcement that China will receive it in full, we will wait for the good news.
I'm very positive that China will eventually accept Cryptocurrency, it will be hard for them to ignore Cryptocurrency when the world is openly accepting them, they are known to be a trail blazer and very much to what is popular in anything.
They may not openly admit that they are accepting Cryptocurrency but many of their citizen in their home town and abroad are very much into Cryptocurrency, soon they cannot ignore the pressure coming from their citizen and they will eventually give in.
Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.Yes, we often hear that news, news that discusses China banning crypto currency. Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it. Whether China supports or rejects Bitcoin will not have much influence. That's my opinion, because I'm also tired of discussing it like you said.
As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.Yes, we often hear that news, news that discusses China banning crypto currency. Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it. Whether China supports or rejects Bitcoin will not have much influence. That's my opinion, because I'm also tired of discussing it like you said.
As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
The main reason why Bitcoin is not allowed in China is that mining damages China's ecosystem, but it could also be because they cannot directly control Bitcoin. Meanwhile, we know that China feels that they want to be able to control what they want and this clashes with Bitcoin, so naturally, they refuse and always try to make their own so that there is direct control over what they do.As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.China in particular will never allow Bitcoin and most other cryptocurrencies because they can't control it.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
They can control their own local internet, which is why many websites are blocked and the ping time from China to the rest of the world is absolutely terrible.
They can control who does business in their country, which is how many western corporations have been blocked from entering there.
But because Bitcoin cannot be controlled by a 3rd party entity, they banned payments by it. This is not the case with CDBCs, so I think they will allow those.
As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
I'm not sure if Hong Kong speaks for the rest of China. That country is very big in the sense that you will have to combine some modern countries to get their total population, this is why I'm not too convince about crypto restructure in China Town. The news that has been spreading around looks more like ETF adoptions and the rest but I'm not sure if they want to see Crypto.
If there is going to be growth of crypto in China, they have to allow free expression of Bitcoin like allow free mining and allow people to buy and sell real Bitcoin without any restrictions, this is what will gives investors a confidence in the government and Bitcoin.
I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.
I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.
I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.
They are countries with very strong economies, but we all know that when talking about the digital currency Bitcoin, many people in each country already know about it. If you talk about Bitcoin owners, let them remain anonymous because that way it will make people more curious about Bitcoin and will still buy Bitcoin whatever the price. War can make us consider the price of Bitcoin collapsing, because when a big war occurs it will make all the internet black out and all technology will die and will replace all digital assets into physical currency or gold that can be used without having to have electricity or internet.I feel like this is becoming more and more possible each day. I have seen Russia need bitcoin at some point when the war started, while they are acting as if all is alright, they know that they may need it. This means that China may want to do some shady stuff too, either with Taiwan as expected, or maybe with India, in the end they may want to start a war. No country in the world becomes that big and doesn't go into war, all of USA nad europe constantly sends soldiers somewhere, maybe not right now but they did as recent as Afghanistan and Iraq, so I believe China got way too big, and may want to test their power. At that point everyone will block transactions with them, and crypto will help their citizens a lot.Talking about big countries like you mentioned China, US and Russia, we don't know whether they actually use Bitcoin or not. because we know that bitcoin is a digital currency, the technology is very safe and it is difficult to check who it really belongs to, as its creator is still anonymous to this day. Especially in countries that are at war, perhaps their citizens will also start turning to crypto to store their assets.
I don't think China will allow crypto usage anytime soon. Because they cannot control it. But if they don't embrace crypto the way the world is supporting it, they'll be left behind. Currently, China is at the leading position in the world in terms of economy, military and technology. They first supported crypto then again they restricted the use of crypto. If they don't support crypto in their country at this point, they will be left behind in this space. And since China is a country with a huge population, any positive news from that country will have a big effect on the crypto space.As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.Yes, we often hear that news, news that discusses China banning crypto currency. Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it. Whether China supports or rejects Bitcoin will not have much influence. That's my opinion, because I'm also tired of discussing it like you said.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.I don't think China will allow crypto usage anytime soon. Because they cannot control it. But if they don't embrace crypto the way the world is supporting it, they'll be left behind. Currently, China is at the leading position in the world in terms of economy, military and technology. They first supported crypto then again they restricted the use of crypto. If they don't support crypto in their country at this point, they will be left behind in this space. And since China is a country with a huge population, any positive news from that country will have a big effect on the crypto space.As a country with a very large population and a very advanced economy, it is natural that news about China is very popular with all media, especially regarding its relationship with crypto, which was previously successful there, but was finally banned and is now starting again, even though it started in Hong Kong.Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.Yes, we often hear that news, news that discusses China banning crypto currency. Even though if you think about it, we often hear about China's ban, but it turns out that Bitcoin and altcoins are still surviving and increasingly popular, so forget it. Whether China supports or rejects Bitcoin will not have much influence. That's my opinion, because I'm also tired of discussing it like you said.
Of course, it would be very difficult if we had to ban or do anything about news that is considered very good for them.
Even though it may be true that what you say may not have anything to do with bitcoin and altcoins regarding this news.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.The Chinese government's actions are really confusing and are causing a lot of confusion for the crypto community. We see Hongkong experimenting with crypto, we see the adoption of crypto by Chinese investors, and most recently, ICBC has praised BTC and ETH as valuable financial assets. This cannot be done without the permission of the Chinese government, we all know how strict the laws are in China.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.
If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.
It's still too soon to decide whether what Hong Kong is doing is successful or not because this cryptocurrency has to be tested and it takes quite a long time. So far the circulation of Bitcoin is still quite free and there are still several countries that prohibit the use of Bitcoin in their countries. Bitcoin is a digital currency technology whose use is increasing from year to year due to the influence of limited supply. So don't be afraid when you want to buy Bitcoin because the price will definitely increase even more.If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.
It's still too soon to decide whether what Hong Kong is doing is successful or not because this cryptocurrency has to be tested and it takes quite a long time. So far the circulation of Bitcoin is still quite free and there are still several countries that prohibit the use of Bitcoin in their countries. Bitcoin is a digital currency technology whose use is increasing from year to year due to the influence of limited supply. So don't be afraid when you want to buy Bitcoin because the price will definitely increase even more.Differrnce impact between China and Hongkong, I think if China are welcome with bitcoin in short term bullrun moment coming but Hongkong male friendly place for bitcoin but still can't bring positive impact to male bitcoin reach the higher price.
As we know, China is a country that has an influence on the world economy, so whatever it does will definitely be discussed and have an influence on all aspects, including crypto,China I think only has maybe few crypto specified cities correct me if I'm wrong and maybe they also have strict regulations with cryptocurrency possessions in majority of it's cities but I think there is no clear data whether they really are not into Bitcoin since they are planning to have it's own CBDC which is the digital Yuan if I am not mistaken so maybe Chinese guys out there can give us a much detailed reliable data about the truth or myths and status of crypto in their country because we all know Chinese investors are also big players in the crypto industry.
In this case China neither prohibits nor legalizes crypto in its country, they know that some of its citizens are miners and crypto owners, if almost 75% of its citizens own ownership, perhaps the regulations they make may not apply and do not prohibit crypto from being invested.
China I think only has maybe few crypto specified cities correct me if I'm wrong and maybe they also have strict regulations with cryptocurrency possessions in majority of it's cities but I think there is no clear data whether they really are not into Bitcoin since they are planning to have it's own CBDC which is the digital Yuan if I am not mistaken so maybe Chinese guys out there can give us a much detailed reliable data about the truth or myths and status of crypto in their country because we all know Chinese investors are also big players in the crypto industry.The Chinese government has not made any official announcements about a change in their stance on crypto. Everything is still just our speculation: as Hong Kong opens up to crypto development, Bybit is ready to serve users in China, f major Chinese bank has also praised BTC and ETH. The e-CNY is being tested and is quite successful, but I don't think the scale of application will be expanded to replace local currency. In essence, China's CBDC is just an upgraded version of digital cash in bank accounts. I don't think it can replace crypto, and it doesn't even run on a decentralized blockchain 8)
I think you are right that bitcoin is the latest technology, and it is difficult for anyone to avoid the reality of a phenomenon like this, so it seems that anyone cannot avoid accepting this progress, otherwise they will be left behind.If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.
~snip~What do you mean by experiment, e-HKD?? One of the CBDC projects that uses centralized cryptocurrency for transaction purposes?? In my opinion, this cannot be used as a reference as news that China or Hong Kong fully accepts cryptocurrency, because most likely the cryptocurrency they use is only cryptocurrency that the government can control. The market test for e-HKD may be more likely to examine how much the public responds to the existence of cryptocurrencies...
Hopefully, the Hong Kong experiment will spur the Chinese community to ask to be accepted back.
Because it is clear that the impact will be felt because China is a very advanced economic country and will have an impact on the movement of bitcoin itself.
Bybit is ready to serve users in China
The huge influx of money from Chinese investors and positive news related to the widespread acceptance of BTC on a global scale could push BTC into a new growth phase rather than heading towards stability as it has for the past 15 years.
Slight correction on this!Thank you for the additional information. I hope we will soon see the return of investors and capital flow from the mainland. Hongkong is accepting crypto, which at least holds a positive possibility for the future of crypto on the mainland.
Bybit allows Chinese mainland users that can prove they are living outside China and have a valid permit, it keeps by default blocking any requests from mainland China and bans Chinese users until you can prove you don't actually live there.
Anyhow, China is a lost cause, they don't like this think and they will never let it propagate through their society, besides the whole thing is getting even more distant to the policies Beijing implements, for a country that wants to ban displays of wealth online and is forcing their social media to comply with this imagine what the crypto memes will look like!
Again you're expecting a country that is putting one more capital control in place each year and is forcing people to keep investing in real estate to prop up the falling market to allow money to flow in a different way outside their control? This is daydreaming!
-snip-It is certain that the crypto market is spread across all countries and makes a very big contribution, but we also cannot close our eyes big countries contribute more than other countries, so it is not surprising that many people hope that what China will do as the big economic ruler Will impact all aspects of their existence, which will definitely be connected with other countries regarding the acceptance of crypto.
I don't think the crypto market is dependent on any one country. The development of crypto after China banned crypto mining and trading has confirmed this. However, a huge money flow and the FOMO it creates can cause the market to change its behavior. Investors will flock to assets they believe in and expect to get the returns they want, and the invisible hand will do the rest ^^
Many are aware that China banned cryptocurrencies in 2021, which led to a very fragile state of cryptocurrencies worldwide. Bitcoin price fell by more than 30 percent. At that time, the Chinese government imposed various restrictions on various crypto currency trading companies, including securities exchange platforms. The message from the Chinese government at the time was that they were forced to take that decision to protect people's assets, maintain financial and social order.-snip-It is certain that the crypto market is spread across all countries and makes a very big contribution, but we also cannot close our eyes big countries contribute more than other countries, so it is not surprising that many people hope that what China will do as the big economic ruler Will impact all aspects of their existence, which will definitely be connected with other countries regarding the acceptance of crypto.
I don't think the crypto market is dependent on any one country. The development of crypto after China banned crypto mining and trading has confirmed this. However, a huge money flow and the FOMO it creates can cause the market to change its behavior. Investors will flock to assets they believe in and expect to get the returns they want, and the invisible hand will do the rest ^^
You are right, that investors really know and will definitely choose assets that they believe will contribute to the clear profits they really hope for.
They banned it because they were very disadvantaged by regulations that could not be implemented regarding crypto, where it was difficult to be able to regulate it according to what they wanted and, of course, this action was not easy to do, but the reason all this time was that mining had damaged the eco-system in their country.Many are aware that China banned cryptocurrencies in 2021, which led to a very fragile state of cryptocurrencies worldwide. Bitcoin price fell by more than 30 percent. At that time, the Chinese government imposed various restrictions on various crypto currency trading companies, including securities exchange platforms. The message from the Chinese government at the time was that they were forced to take that decision to protect people's assets, maintain financial and social order.-snip-It is certain that the crypto market is spread across all countries and makes a very big contribution, but we also cannot close our eyes big countries contribute more than other countries, so it is not surprising that many people hope that what China will do as the big economic ruler Will impact all aspects of their existence, which will definitely be connected with other countries regarding the acceptance of crypto.
I don't think the crypto market is dependent on any one country. The development of crypto after China banned crypto mining and trading has confirmed this. However, a huge money flow and the FOMO it creates can cause the market to change its behavior. Investors will flock to assets they believe in and expect to get the returns they want, and the invisible hand will do the rest ^^
You are right, that investors really know and will definitely choose assets that they believe will contribute to the clear profits they really hope for.
The people of the country have shown a positive attitude towards crypto after finding loopholes in the Chinese government's restrictions. And what is important to me in this discussion is that no one or any government can restrict the use of crypto to its citizens according to his wish. Cryptocurrencies have had bad days at the time but have bounced back and will never be confined to one country. Crypto will continue to grow at its own pace despite the Chinese government's ban on crypto.
They banned it because they were very disadvantaged by regulations that could not be implemented regarding crypto, where it was difficult to be able to regulate it according to what they wanted and, of course, this action was not easy to do, but the reason all this time was that mining had damaged the eco-system in their country.They have quite wise decisions, digital currencies like Cryptocurrency have price movements that are very unstable so that this makes governments in various countries prefer not to give permits for the use of Cryptocurrency in their countries. Apart from economic security in their country, they also consider the negative impact on society. Every policy issued by the government clearly upholds the security and prosperity of its people.
Indeed, the impact of a ban on large countries will certainly be affected by trade and cannot be avoided. Fortunately, everything can change because, in any case, crypto will still be able to operate even if there is a ban in a country and will not be able to be controlled at will by any authority.
Cypto will continue to run by itself because of trading carried out by many people, not just because of a country.
We are waiting for further news about China regarding crypto because, after all, the impact is very effective.
I don't think Hong Kong is an experiment for the mainland before they openly welcome cryptocurrencies. It's intended to be the only place for crypto just like how gambling is only allowed in Macau. Their Government wanted those industries to be contained in one specific area.I can also see in that perspective that what they are doing is an experimental. But this may also be a strategy for China to have a much more control in monitoring and analysing it's potential without affecting the entire country if something bad will happen.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?I don't care and why should you, let China do whatever they want to do, BTC doesn't depend on any country or on politicians for its survival, i don't know why people keep on talking about China accepting BTC, like it would do them a favor. Forget about the argument of a pump in price, bitcoin is decentralized, it looks like some of you would trade decentralization for price growth, it's pathetic to think about it.
I don't care and why should you, let China do whatever they want to do, BTC doesn't depend on any country or on politicians for its survival, i don't know why people keep on talking about China accepting BTC, like it would do them a favor. Forget about the argument of a pump in price, bitcoin is decentralized, it looks like some of you would trade decentralization for price growth, it's pathetic to think about it.
You are right if you say that the more countries allow and accept bitcoin, the higher the price of bitcoin will be because of course demand will increase. Moreover, if big countries like China accept and support bitcoin, this will have a good impact on bitcoin. and of course we as crypto lovers will benefit from our coinsI don't care and why should you, let China do whatever they want to do, BTC doesn't depend on any country or on politicians for its survival, i don't know why people keep on talking about China accepting BTC, like it would do them a favor. Forget about the argument of a pump in price, bitcoin is decentralized, it looks like some of you would trade decentralization for price growth, it's pathetic to think about it.
The acceptance of bitcoin from different countries surely impacts the value of Bitcoin because the value of Bitcoin increases as the demands and buying rate of Bitcoin increases therefore we cannot say that if more countries are accepting Bitcoin then there will be no negative or positive effect on Bitcoin price. Bitcoin is decentralized but the news and supply and demand have some sort of effects on the worth as well as on pump and dump of Bitcoin so don't neglect the good effects just because of acceptance of bitcoin via different countries.
As more people move towards Bitcoin investment the value of Bitcoin goes higher and the evidence of this fact will be understandable if someone sees the price in the past and then compares it with the present.
We hope as you say, but it doesn't seem easy for China to be able to accept crypto again, after they themselves banned very large mining in China, so that activities there immediately collapsed due to the ban and moved to several countries that were willing to accept it. Maybe it won't be easy to move in the near future even if there will be acceptance again, because they really want to be able to control crypto itself, so we don't know what the intention is behind acceptance in Hong Kong.You are right if you say that the more countries allow and accept bitcoin, the higher the price of bitcoin will be because of course demand will increase. Moreover, if big countries like China accept and support bitcoin, this will have a good impact on bitcoin. and of course we as crypto lovers will benefit from our coinsI don't care and why should you, let China do whatever they want to do, BTC doesn't depend on any country or on politicians for its survival, i don't know why people keep on talking about China accepting BTC, like it would do them a favor. Forget about the argument of a pump in price, bitcoin is decentralized, it looks like some of you would trade decentralization for price growth, it's pathetic to think about it.
The acceptance of bitcoin from different countries surely impacts the value of Bitcoin because the value of Bitcoin increases as the demands and buying rate of Bitcoin increases therefore we cannot say that if more countries are accepting Bitcoin then there will be no negative or positive effect on Bitcoin price. Bitcoin is decentralized but the news and supply and demand have some sort of effects on the worth as well as on pump and dump of Bitcoin so don't neglect the good effects just because of acceptance of bitcoin via different countries.
As more people move towards Bitcoin investment the value of Bitcoin goes higher and the evidence of this fact will be understandable if someone sees the price in the past and then compares it with the present.
I think you are right that bitcoin is the latest technology, and it is difficult for anyone to avoid the reality of a phenomenon like this, so it seems that anyone cannot avoid accepting this progress, otherwise they will be left behind.If the experiment in Hong Kong is successful, of course it will make other countries follow suit, crypto, especially bitcoin, is very popular now. Even though no one can control Bitcoin, we know Bitcoin is progress that we must accept, no one can reject technological progress.
It could be that a signal of an experiment was carried out in Hong Kong which is still under their authority, and they will see the prospects of what has been done in Hong Kong, whether they will be able to make a contribution and at least be able to provide encouragement to their community there to ask the government to accept crypto again.
It's true, they have difficulty being able to exercise control over crypto, so as the largest economic power, they really want to be able to do that, and it's impossible to do, but they inevitably have to open themselves up to crypto developments, and they clearly don't want to be left behind.
If they want to open themselves up to crypto, it is not impossible that the crypto market will become enthusiastic again and this cannot be avoided.
Hopefully, the Hong Kong experiment will spur the Chinese community to ask to be accepted back.
Because it is clear that the impact will be felt because China is a very advanced economic country and will have an impact on the movement of bitcoin itself.
Yes, technology will progress, if there are countries that cannot accept crypto technology they will be left behind by other countries. cryoto is a technology of the future, because many people predict that everything will be digital in time. Why is the country still closed off from this technology? Maybe because of security reasons and the government can't control crypto.
- Well, that's true. If we only talk about Bitcoin, when a country slows down its decision in this era, they will really be left behind with the technology we have today. The only thing about the approval made by us on Spot ETF of Bitcoin is that they should be aware of that.
Because if there is a country that insists on not accepting or recognizing bitcoin, the country that does not recognize bitcoin or the blockchain technology that it brings to us will definitely be left behind.
You are right if you say that the more countries allow and accept bitcoin, the higher the price of bitcoin will be because of course demand will increase. Moreover, if big countries like China accept and support bitcoin, this will have a good impact on bitcoin. and of course we as crypto lovers will benefit from our coins
You are right if you say that the more countries allow and accept bitcoin, the higher the price of bitcoin will be because of course demand will increase. Moreover, if big countries like China accept and support bitcoin, this will have a good impact on bitcoin. and of course we as crypto lovers will benefit from our coins
You are right that many countries allow it to be used as investment and trade, but there are still many who do not allow it to be used as legal tender and still use their country's fiat. China has a large population, and it should be known that it used to be the largest bitcoin mining area in the world, but because there were certain interests, it was finally stopped and not allowed.You are right if you say that the more countries allow and accept bitcoin, the higher the price of bitcoin will be because of course demand will increase. Moreover, if big countries like China accept and support bitcoin, this will have a good impact on bitcoin. and of course we as crypto lovers will benefit from our coinsMost countries now allow everyone to buy and sell Bitcoin and even tax their citizens and yet it's not the reason why Bitcoin is where it's today but it's the adoption growth that gave Bitcoin value to where it is today. The countries that has allowed people to buy and sell Bitcoin role is the only thing that can make Bitcoin more demanding. If a country like China which has larger population make Bitcoin a legal tender today and Russia do the same, Bitcoin will explode and can go as high as 500k before these years end but they are not doing it and this why Bitcoin still has a lot of place to go.
You are right that many countries allow it to be used as investment and trade, but there are still many who do not allow it to be used as legal tender and still use their country's fiat. China has a large population, and it should be known that it used to be the largest bitcoin mining area in the world, but because there were certain interests, it was finally stopped and not allowed.I also agree that crypto and BTC can exist and continue to grow even if China does not change its stance on crypto. Crypto has existed and developed without the participation of capital flows from Chinese investors and miners. However, we can also expect that the participation of large capital flows from China can boost liquidity and market vibrancy during bullrun.
It is difficult for China to legalize bitcoin there, because they still want to be able to intervene in everything, and it is difficult to do this because no one regulates bitcoin and moves on its own due to trade. Even without China, bitcoin at the end of this year will be able to move better and until the beginning of next year with the latest ATH.
When China refused mining, there was definitely an impact on the market, but finally Crypto was able to rise without China. Once I am also as confident as you if China does not change its stance towards Crypto, we can be sure that Crypto will still be able to move improved. But if China finally wants to receive back, then the market will quickly recover when it is currently down.You are right that many countries allow it to be used as investment and trade, but there are still many who do not allow it to be used as legal tender and still use their country's fiat. China has a large population, and it should be known that it used to be the largest bitcoin mining area in the world, but because there were certain interests, it was finally stopped and not allowed.I also agree that crypto and BTC can exist and continue to grow even if China does not change its stance on crypto. Crypto has existed and developed without the participation of capital flows from Chinese investors and miners. However, we can also expect that the participation of large capital flows from China can boost liquidity and market vibrancy during bullrun.
It is difficult for China to legalize bitcoin there, because they still want to be able to intervene in everything, and it is difficult to do this because no one regulates bitcoin and moves on its own due to trade. Even without China, bitcoin at the end of this year will be able to move better and until the beginning of next year with the latest ATH.
With the pilot application on a small scale in Hongkong, I am really looking forward to the opportunity for crypto to be accepted in China this year and we will have an extremely large bull run next year. I will not refuse any momentum that can boost the price of BTC and ALTS, and I will not refuse any opportunity to take profits as soon as positive news related to China is released and absorbed into the price charts.
China is a large country in terms of population and economy. Actually, I'm too lazy to discuss crypto which is always associated with China, because in my opinion, even without China, crypto still exists and is developing to this day. Why do people always talk about China? It's best to forget that and focus on our investments.
When China refused mining, there was definitely an impact on the market, but finally Crypto was able to rise without China. Once I am also as confident as you if China does not change its stance towards Crypto, we can be sure that Crypto will still be able to move improved. But if China finally wants to receive back, then the market will quickly recover when it is currently down.
We just wait for how to respond when Hong Kong is made a pilot before it will be done in China widespread. But it is not too expected that China will be able to accept because the system really wants them to be able to control and difficult to happen.
China is a large country in terms of population and economy. Actually, I'm too lazy to discuss crypto which is always associated with China, because in my opinion, even without China, crypto still exists and is developing to this day. Why do people always talk about China? It's best to forget that and focus on our investments.Yeah, our ultimate goal is still to profit from our investments in the crypto market, which means we need to focus on our portfolio rather than on the involvement of any particular country. However, we may also need to refer to the market development at times and more inflow of funds into crypto market.
Apart from having a large population, China has a very large economy and trade and renewable technology, so crypto should not be something that is very no unknown there.China is a large country in terms of population and economy. Actually, I'm too lazy to discuss crypto which is always associated with China, because in my opinion, even without China, crypto still exists and is developing to this day. Why do people always talk about China? It's best to forget that and focus on our investments.
When China refused mining, there was definitely an impact on the market, but finally Crypto was able to rise without China. Once I am also as confident as you if China does not change its stance towards Crypto, we can be sure that Crypto will still be able to move improved. But if China finally wants to receive back, then the market will quickly recover when it is currently down.
We just wait for how to respond when Hong Kong is made a pilot before it will be done in China widespread. But it is not too expected that China will be able to accept because the system really wants them to be able to control and difficult to happen.
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What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
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The problem is that the internal processes taking place in China will not allow to make the crypto market open for all, i.e. for citizens. The only option is to use cryptocurrencies to circumvent sanctions. How effective this step will be, we can only try to guess. Sanctions are an unpleasant thing, and China is very afraid of their strengthening, which means that it will take risks only in case of "vital necessity". Whether China needs it is a rhetorical question.Cryptocurrency has been mentioned as a way to avoid financial sanctions. For example, Russia once wanted to use crypto to pay for oil bills but was unsuccessful. At present, China does not have this goal because it is still free to use global financial services.
The problem is that the internal processes taking place in China will not allow to make the crypto market open for all, i.e. for citizens. The only option is to use cryptocurrencies to circumvent sanctions. How effective this step will be, we can only try to guess. Sanctions are an unpleasant thing, and China is very afraid of their strengthening, which means that it will take risks only in case of "vital necessity". Whether China needs it is a rhetorical question.Cryptocurrency has been mentioned as a way to avoid financial sanctions. For example, Russia once wanted to use crypto to pay for oil bills but was unsuccessful. At present, China does not have this goal because it is still free to use global financial services.
I think China may change its views and regulations on crypto if it wants to keep up with the world in the crypto wave and collect huge tax revenue from this market. Another reason is that investors are looking for BTC and crypto to diversify their assets, putting indirect pressure on the government. I think in the future, we may see crypto legalized again in China!
Apart from having a large population, China has a very large economy and trade and renewable technology, so crypto should not be something that is very no unknown there.
It is true that without China, crypto would still run as it has until now and continue to run well. But we are not minimizing the contribution. If there is China, at least trade will be more enthusiastic, which will make prices increase more quickly.
I think China may change its views and regulations on crypto if it wants to keep up with the world in the crypto wave and collect huge tax revenue from this market. Another reason is that investors are looking for BTC and crypto to diversify their assets, putting indirect pressure on the government. I think in the future, we may see crypto legalized again in China!In fact, there is an ambition to dominate the use of their currency globally. In this case, we know that China(¥) competes with US($) in several aspects, especially economics and trade. Cryptocurrencies, especially bitcoin, are an external disruptor that can't be fully controlled, where it has the potential to be the majority of its own people. That's why China made contradictory regulations to get rid of it. So, welcoming crypto is impossible unless their leaders change.
That's right, China must be recognized as a fan of Bitcoin, and it is not surprising that there is so much mining there and its influence is also very large, so it is natural that when there is a ban, many of them move.Apart from having a large population, China has a very large economy and trade and renewable technology, so crypto should not be something that is very no unknown there.There is some believe that Satoshi, the founder of Bitcoin has trace to China and this is why China used to be one of the bullish countries that love Bitcoin. There were several ban of Bitcoin in the country until the finally chase everyone involved in the mining of Bitcoin and ban Bitcoin from the China. The fact that Chinese people love Bitcoin says a lot about Bitcoin, I'm sure that despite this ban, there will be some of them that are still actively doing crypto but on a lowkey to avoid government problems.
It is true that without China, crypto would still run as it has until now and continue to run well. But we are not minimizing the contribution. If there is China, at least trade will be more enthusiastic, which will make prices increase more quickly.
I think China may change its views and regulations on crypto if it wants to keep up with the world in the crypto wave and collect huge tax revenue from this market. Another reason is that investors are looking for BTC and crypto to diversify their assets, putting indirect pressure on the government. I think in the future, we may see crypto legalized again in China!In fact, there is an ambition to dominate the use of their currency globally. In this case, we know that China(¥) competes with US($) in several aspects, especially economics and trade. Cryptocurrencies, especially bitcoin, are an external disruptor that can't be fully controlled, where it has the potential to be the majority of its own people. That's why China made contradictory regulations to get rid of it. So, welcoming crypto is impossible unless their leaders change.
In fact, there is an ambition to dominate the use of their currency globally. In this case, we know that China(¥) competes with US($) in several aspects, especially economics and trade. Cryptocurrencies, especially bitcoin, are an external disruptor that can't be fully controlled, where it has the potential to be the majority of its own people. That's why China made contradictory regulations to get rid of it. So, welcoming crypto is impossible unless their leaders change.I am also aware of China's ambitions, but recently we have seen many unusual developments that suggest the possibility of China testing and adopting crypto. Although China wants to expand its global influence, it still needs economic power, and crypto can bring strong economic growth if applied effectively.
Apart from having a large population, China has a very large economy and trade and renewable technology, so crypto should not be something that is very no unknown there.
It is true that without China, crypto would still run as it has until now and continue to run well. But we are not minimizing the contribution. If there is China, at least trade will be more enthusiastic, which will make prices increase more quickly.
There is some believe that Satoshi, the founder of Bitcoin has trace to China and this is why China used to be one of the bullish countries that love Bitcoin. There were several ban of Bitcoin in the country until the finally chase everyone involved in the mining of Bitcoin and ban Bitcoin from the China. The fact that Chinese people love Bitcoin says a lot about Bitcoin, I'm sure that despite this ban, there will be some of them that are still actively doing crypto but on a lowkey to avoid government problems.
They may be able to ban bitcoin in their country but there are still people who use bitcoin and even mining. I also think that it is their strategy to gain profit because if they did not then why did they ban crypto related things time after time instead of banning it entirely instead of banning icos and then trading/mining. Once again, I think they have a strategy that they are planning.But in a country that is so legally strict, it is certain that even though you can do mining and anything with bitcoin, most are afraid to break these rules, because the law is made not to be broken.
But in a country that is so legally strict, it is certain that even though you can do mining and anything with bitcoin, most are afraid to break these rules, because the law is made not to be broken.Crypto mining is considered illegal in China, and miners face the risk of being accused, prosecuted, and severely punished. This is also the reason why many mining farms are forced to look for new markets that are more crypto-friendly, such as the US, making the US the country with the largest BTC mining power.
But if, as you say, it is due to strategy, I agree that China has an interest in crypto, and they certainly have something that cannot be predicted, but we can be sure that if there is a good plan regarding crypto for their benefit, then we can be sure that China will accept it back. .
They may be able to ban bitcoin in their country but there are still people who use bitcoin and even mining. I also think that it is their strategy to gain profit because if they did not then why did they ban crypto related things time after time instead of banning it entirely instead of banning icos and then trading/mining. Once again, I think they have a strategy that they are planning.But in a country that is so legally strict, it is certain that even though you can do mining and anything with bitcoin, most are afraid to break these rules, because the law is made not to be broken.
But if, as you say, it is due to strategy, I agree that China has an interest in crypto, and they certainly have something that cannot be predicted, but we can be sure that if there is a good plan regarding crypto for their benefit, then we can be sure that China will accept it back. .
They may be able to ban bitcoin in their country but there are still people who use bitcoin and even mining. I also think that it is their strategy to gain profit because if they did not then why did they ban crypto related things time after time instead of banning it entirely instead of banning icos and then trading/mining. Once again, I think they have a strategy that they are planning.
If not that Bitcoin was completely later ban in China, the number of miners that was coming from that region was higher than any other numbers across other countries. There impact on the market can't be look away. If Bitcoin want to legalized Bitcoin and it pump, the effect is not going to be the same like that if China choose to allow Bitcoin for its on people.I think that at that time, China banned ICOs and crypto because they wanted to protect their fiat from a new financial wave that their government did not fully understand. This decision had a big impact on the crypto market, but the good news is that we are no longer dependent on China.
So far since the ban of Bitcoin in China, I'm not sure they have had a change of governments since Xi Jinping started his administration, who knows if things might change the way the US is right now. One candidate that is love by people might just want to use Bitcoin as political movements and it's going to favor Bitcoin.
Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on cryptoBelieve or not, China is the country that has had the most influence on the development of crypto and was the first country since Bitcoin was introduced to the public and China adopted it, even though it was only limited as a commodity asset for trading or investment.
Yes, if crypto is welcomed in China, it will have a huge impact on the crypto market because China is one of the largest countries. If crypto demand increases, the market will also grow
Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto...
Its population is indeed very high and there are quite a lot of enthusiasts about the existence of crypto. It is natural that China will have a very significant influence on the movement if China legalizes it again. You are right, it is not impossible that the demand for Bitcoin will increase sharply, which in the end, demand will be greater than supply, which will make the price increase sharply.Yes, if crypto is welcomed in China, it will have a huge impact on the crypto market because China is one of the largest countries. If crypto demand increases, the market will also growYes the growth of crypto will be effected with the acceptance of bitcoin by China because with the acceptance from majority of people the demand for Bitcoin will increase therefore it is estimated that in near future the price of Bitcoin will be higher and common people will be unable to buy it therefore take the advantage today and hold it longer.
Demand has a positive impact on Bitcoin price so when more people are buying it the more it will be elevated and sometimes due to rumours the price of Bitcoin decreases but all bad news disappears as they are temporary. We should wait for positive news and increasing demand because these are the only causes that help us to get increased reward.
Its population is indeed very high and there are quite a lot of enthusiasts about the existence of crypto. It is natural that China will have a very significant influence on the movement if China legalizes it again. You are right, it is not impossible that the demand for Bitcoin will increase sharply, which in the end, demand will be greater than supply, which will make the price increase sharply.Currently, we know that China impact on the crypto market persists even after China has banned crypto trading and mining. China continuous interest rate cuts have raised concerns about a global economic crisis, causing financial markets to decline in worry, and crypto is also partially affected.
So we are waiting for the good news for a while and, hopefully, there will be no news that will actually make Bitcoin fall again when the good news comes, because the influence of news is very sensitive and could happen.
Since 2013 the china and crypto on & off relation impacted the crypto market but biggest impact we see in 2022 since then market haven't showed the big pump up but in 2024 the crypto expansion proven that crypto can become global currency . Now we see Crypto hub in Dubai which is flourishing and many countries are welcoming crypto .So we kind of move from China impact on crypto hope sooner the good news come from China on crypto...
There is already a big rumour now that China is going to reconsider its blanket ban on cryptocurrency and may one day open its market maybe to limited coins most especially Bitcoin and Ethereum. Right now, Hong Kong, an administrative region under China, is allowing cryptocurreny and I am sure there can be some Chinese from the mainland who are into it. In case China will reopen its market this will be a big boost to Bitcoin and the whole crypto industry and can be a staggerring big good news for all to rejoice. The only thing I don't like with that idea is that China can be a big source of so many FUDS that can somehow manipulate the market...which actually happened in the past.
The crypto market has suffered many negative impacts when China has made tough decisions against crypto in recent years:Every time there is negative information from China, the crypto community often worries because bans can cause the crypto market to lose investors and abundant cash flow from China. However, the crypto market continues to grow and is not dependent on any country. Even when China banned Bitcoin mining, miners came to the United States and helped the United States become the leading country in mining power, accounting for 35.4% of the hash rate, nearly double the second place, Kazakhstan, with 18.1%[2].
- 2013: China bans banks from crypto transactions
- 2017: China bans crypto initial coin offerings
- 2019: Attention turns to bitcoin mining
- 2020: Enforcement ramps up
- 2021: China bans crypto trading and mining[1]
You've outlined an insightful perspective on China's evolving stance toward cryptocurrencies. It’s true that China has had a significant impact on the crypto market with its various regulatory actions over the years:
2013: The ban on banks from handling crypto transactions.
2017: The prohibition of Initial Coin Offerings (ICOs).
2019: Increased scrutiny on Bitcoin mining.
2020: Heightened enforcement of crypto regulations.
2021: The comprehensive ban on crypto trading and mining.
Despite these stringent measures, the resilience of the crypto market is evident. The migration of mining operations to the U.S., which now leads in hash rate, underscores the sector's adaptability. The fact that miners have found new opportunities outside China demonstrates the global nature of the crypto ecosystem.
Your point about China’s nuanced relationship with cryptocurrencies is also important. While the Chinese government has imposed bans and restrictions, it hasn't completely stifled individual ownership or peer-to-peer trading. This suggests a more complex approach than a blanket ban.
The development of China’s Central Bank Digital Currency (e-CNY) and its expansive rollout—such as the 120 million wallets and widespread merchant adoption—indicates that China is experimenting with digital currencies in a controlled manner. Hong Kong’s recent move to embrace crypto could indeed be part of a broader strategy to test and eventually integrate digital currencies more fully into the economy.
Your optimism about China potentially opening up to crypto by 2025, and the possibility of a significant bull run, reflects a hopeful scenario where regulatory clarity could drive substantial growth in the market. If China does eventually embrace crypto more openly, it could indeed lead to a major influx of capital and drive prices, including BTC, to new highs.
It’s crucial to remain informed about geopolitical and regulatory developments, as they can significantly influence the market. Thanks for sharing your detailed analysis and optimism for the future!
Besides, China's relationship with cryptocurrency is more nuanced than the simple "banned" label often applied by Western media. While authorities cracked down on several aspects, individual ownership and peer-to-peer trading remain largely untouched[3].
There are many reasons for this problem, I think that by pushing crypto into the gray area, China might keep crypto at arm's length while exploring blockchain tech and central bank digital currencies e-CNY from 2019: 120 million wallets, 26 cities serving as test beds and 5.6 million merchants registered to use the currency national, total transactions had reached 950 million with a cumulative value of 1.8 trillion yuan (US$249.9 billion) by the end of June 2023[4].
Recently, Hong Kong, which is considered a territory strongly influenced by China, has opened its doors to crypto[5]. This may be an experiment with crypto that China wants to conduct before opening up and adopting crypto in the mainland.
I personally believe that China is wise enough to realize the potential of crypto for the development of the economy, at least regarding the lucrative crypto tax source for the national budget. They are just developing their own CBDC and conducting small-scale testing in Hong Kong before opening up to crypto throughout the territory. If this happens, a huge amount of capital from Chinese investors could flow into the crypto market and create strong growth. I hope that this comes in 2025 and we have an extremely strong bullrun and take BTC to $100K.
What do you think about how China manages crypto? Is this an effective approach? What could China be planning with crypto in the future?
[1] China Crypto Bans: A Complete History (https://www.coindesk.com/learn/china-crypto-bans-a-complete-history/)
[2] 60+ Bitcoin Mining and Energy Consumption Statistics For 2024 You Need to Know (https://www.techopedia.com/bitcoin-mining-and-energy-statistics)
[3] China Never Completely Banned Crypto (https://www.coindesk.com/consensus-magazine/2024/02/05/china-never-completely-banned-crypto/)
[4] What’s the state of China’s digital yuan in 2023? (https://www.scmp.com/economy/china-economy/article/3237317/whats-state-chinas-digital-yuan-2023)
[5] As the US cracks down on crypto, Hong Kong extends a warm welcome (https://techcrunch.com/2023/04/29/hong-kong-china-crypto-east-rises/)
If China welcomes cryptocurrencies and eases regulatory stance with it.Then the popularity of this cryptocurrency will increase and people will be willing to invest in it because if China welcomes cryptocurrency then the crypto market may lead to a bull run.Due to China's large economic power and large population, it may become one of the major cryptocurrency markets in the world.Many hope that China will be able to accept crypto again and not only fans but also its citizens hope for it Because we know that the crypto community there is very large, and it is a country with a very advanced economy. It will certainly have an impact on positive things happening to crypto next.
If China welcomes cryptocurrencies and eases regulatory stance with it.Then the popularity of this cryptocurrency will increase and people will be willing to invest in it because if China welcomes cryptocurrency then the crypto market may lead to a bull run.Due to China's large economic power and large population, it may become one of the major cryptocurrency markets in the world.Many hope that China will be able to accept crypto again and not only fans but also its citizens hope for it Because we know that the crypto community there is very large, and it is a country with a very advanced economy. It will certainly have an impact on positive things happening to crypto next.
Especially when the halving period is over, and we are just waiting for the bullish season to come, and this news will further encourage crypto to increase sharply.
Remember China bans bitcoin wayback it cause massive stress and price dump all over the in the space, but its was only temporary, people just FOMO and sells. While it recovers just months since it was announced.I think China's past bans related to numerous Lending or ICO scams, which caused Chinese investors to suffer losses. Additionally, China often tends to ban what they are not ready to regulate. This might not happen now as crypto is currently being experimented with in Hongkong, and China can observe to better understand the potential of this new market.
Now if they unban bitcoin and crypto which is very unlikely, that could lit fire and probably cause bullrun on certain level. But its only what if, since accepting again on what they decided to ban is not an attitude of this country.
I don't see how anyone thinks China will unban crypto trading these years, it goes against everything China plans now with its economy.I think China could accept crypto because crypto is also a part of the economy. The growth of crypto can bring profits to investors and create optimism for the entire market. If China accepts crypto, investors can use their savings to buy crypto and the government will receive more taxes. This is more feasible than forcing people to invest in the stock market or real estate.
China faces a real estate crisis, it needs approximately 2 trillion to prop up prices for its biggest economic sector, do you think it will allow money from private investors to go to a different sector not under their control? They need every penny to go back in housing, why allow it to go somewhere else?
Capital control, is the basic policy of China, they will never allow for a way to transfer wealth without having a tiny bit of control over it, how can anyone assume they will let the population have access to a thing then can send millions ina flash outside their jurisdiction?
Besides, why would China want to let their people invest in assets that would produce billions of wealth for ETH holders in the US?
I don't see how anyone thinks China will unban crypto trading these years, it goes against everything China plans now with its economy.I think China could accept crypto because crypto is also a part of the economy. The growth of crypto can bring profits to investors and create optimism for the entire market. If China accepts crypto, investors can use their savings to buy crypto and the government will receive more taxes. This is more feasible than forcing people to invest in the stock market or real estate.
China faces a real estate crisis, it needs approximately 2 trillion to prop up prices for its biggest economic sector, do you think it will allow money from private investors to go to a different sector not under their control? They need every penny to go back in housing, why allow it to go somewhere else?
Capital control, is the basic policy of China, they will never allow for a way to transfer wealth without having a tiny bit of control over it, how can anyone assume they will let the population have access to a thing then can send millions ina flash outside their jurisdiction?
Besides, why would China want to let their people invest in assets that would produce billions of wealth for ETH holders in the US?
The use of cryptocurrency is not illegal in most countries so its status and usability as a means of payment or as a commodity varies with various regulatory implications. Suppose bitcoin is not directly accepted in my country but we do bitcoin transactions secretly. The number of users will increase when the government of my country makes it free for everyone. Then a lot of investors will grow from bitcoin which will cause the price to increase. So a country accepting bitcoin means a lot of investor growth which is definitely a plus point.Although Bitcoin is not directly accepted in a country, there are still many citizens who invest in Bitcoin this reality. Because the government also cannot prohibit those who are quietly surine in Bitcoin, because Crypto gives a financial freedom and we can do it in any way to invest there. In my opinion the government should accept Bitcoin and Crypto and want its citizens to invest there.
Although Bitcoin is not directly accepted in a country, there are still many citizens who invest in Bitcoin this reality. Because the government also cannot prohibit those who are quietly surine in Bitcoin, because Crypto will gives a financial freedom and we can do it in any way to invest there. In my opinion the government should accept Bitcoin and Crypto and want its citizens to invest there.
Its population is indeed very high and there are quite a lot of enthusiasts about the existence of crypto. It is natural that China will have a very significant influence on the movement if China legalizes it again. You are right, it is not impossible that the demand for Bitcoin will increase sharply, which in the end, demand will be greater than supply, which will make the price increase sharply.
So we are waiting for the good news for a while and, hopefully, there will be no news that will actually make Bitcoin fall again when the good news comes, because the influence of news is very sensitive and could happen.
Not only china but all other countries where there is no use of Bitcoin will understand its benefits so making it legal will not be difficult in the near future.Not sure about other countries but I believe China has taken many strict steps against Bitcoin miners in past and they might not allow Bitcoin mining or trading in future as well.
What you say is a real reality that can indeed happen, and the ban cannot make the public unable to invest or even trade, because it can still be done.The use of cryptocurrency is not illegal in most countries so its status and usability as a means of payment or as a commodity varies with various regulatory implications. Suppose bitcoin is not directly accepted in my country but we do bitcoin transactions secretly. The number of users will increase when the government of my country makes it free for everyone. Then a lot of investors will grow from bitcoin which will cause the price to increase. So a country accepting bitcoin means a lot of investor growth which is definitely a plus point.Although Bitcoin is not directly accepted in a country, there are still many citizens who invest in Bitcoin this reality. Because the government also cannot prohibit those who are quietly surine in Bitcoin, because Crypto gives a financial freedom and we can do it in any way to invest there. In my opinion the government should accept Bitcoin and Crypto and want its citizens to invest there.
...there are a couple of differences between people investing in real estate and crypto, you buy crypto and that's it, 50k per BTC goes into the pocket of a guy that is maybe outside the country, and you have capital outflow on top of that and unlike real estate, there is nothing else, there are jobs created in construction, jobs in the manufacturing of materials, expenses with those, and all the taxes from this. Crypto is not a fix to the economy and the 5 trillion annually China has in real estate can't be compensated by people trading meme coins.
Two big countries like the US and China should support crypto, because this is the advancement of digital technology. I am also sometimes surprised when I see China so strictly prohibiting crypto, even though many countries have legalized bitcoin as an investment. Maybe bitcoin mining is something they consider disturbing, but they should also think of bitcoin as an investment.What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.
The high time we focus on making crypto friendly to other countries, the better and it will make bitcoin become scarce by the time they want to come back. By population, they are one of the biggest and by economy they control more margin of the world economy and if they one day left legalized crypto, it will help but come to think of it, this guys will not give any asylum to crypto because the US that was supposed to be strict are even friendly than China.
Before they use to be the hub of bitcoin mining until everything change in 2021 when they finally gave final ban and you see what this country does is very bad. They don't ban bitcoin when there is less noise, it's always when the price is high they ban crypto just for people to lose their profits and not have peace of mind, my mind is telling them to stay and not come close to bitcoin adoption.
When a country with great power and good financial condition then they will not be reckless in making a decision to provide support to cryptocurrency. They realize that cryptocurrency is very dangerous because it has no guarantee of always making a profit. So big countries like the two you mentioned, ma'am, seem more neutral and do not provide direct support. Even so, many people from these two countries still provide support to cryptocurrency by buying it.Two big countries like the US and China should support crypto, because this is the advancement of digital technology. I am also sometimes surprised when I see China so strictly prohibiting crypto, even though many countries have legalized bitcoin as an investment. Maybe bitcoin mining is something they consider disturbing, but they should also think of bitcoin as an investment.What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.
The high time we focus on making crypto friendly to other countries, the better and it will make bitcoin become scarce by the time they want to come back. By population, they are one of the biggest and by economy they control more margin of the world economy and if they one day left legalized crypto, it will help but come to think of it, this guys will not give any asylum to crypto because the US that was supposed to be strict are even friendly than China.
Before they use to be the hub of bitcoin mining until everything change in 2021 when they finally gave final ban and you see what this country does is very bad. They don't ban bitcoin when there is less noise, it's always when the price is high they ban crypto just for people to lose their profits and not have peace of mind, my mind is telling them to stay and not come close to bitcoin adoption.
You're making this sound like a money-printing machine, what happens when the value goes down?This is just one possibility for the Chinese government to consider as part of its efforts to support the recovery and development of the economy, especially as they don't want to be left behind in the crypto race. This can be confirmed by the permission to test crypto in Hongkong.
Also, there are a couple of differences between people investing in real estate and crypto, you buy crypto and that's it, 50k per BTC goes into the pocket of a guy that is maybe outside the country, and you have capital outflow on top of that and unlike real estate, there is nothing else, there are;t jobs created in construction, jobs in the manufacturing of materials, expenses with those, and all the taxes from this.
Crypto is not a fix to the economy and the 5 trillion annually China has in real estate can't be compensated by people trading meme coins.
I think we cannot compare crypto with other industries in the economy because crypto is still just a financial tool as stocks. Accepting crypto can help the government reduce the pressure of rescuing the economy when people's attention is focused on crypto instead of other serious problems. The positive sentiment in the market can also stimulate economic growth through investment.
Two big countries like the US and China should support crypto, because this is the advancement of digital technology. I am also sometimes surprised when I see China so strictly prohibiting crypto, even though many countries have legalized bitcoin as an investment. Maybe bitcoin mining is something they consider disturbing, but they should also think of bitcoin as an investment.It seems not as easy as we imagine, that's because our thinking as small investors is certainly very different from that of a government regulator... there are many considerations that must be thought through carefully so that the economy of the related countries, such as China and the US, remains stable... besides that other considerations may remain confidential for the sake of national security... remember that each country is led by different leaders, has different plans and their perspectives on Bitcoin and cryptocurrency are certainly different... uniting the opinions of all countries is certainly not something easy to do regarding Bitcoin adoption.
It seems not as easy as we imagine, that's because our thinking as small investors is certainly very different from that of a government regulator... there are many considerations that must be thought through carefully so that the economy of the related countries, such as China and the US, remains stable... besides that other considerations may remain confidential for the sake of national security... remember that each country is led by different leaders, has different plans and their perspectives on Bitcoin and cryptocurrency are certainly different... uniting the opinions of all countries is certainly not something easy to do regarding Bitcoin adoption.Yeah, even with important global issues like global warming, human rights, and anti-war efforts where countries struggle to reach a consensus, I don't believe they can agree to fight against crypto as China is doing. I believe that if crypto is accepted in a few large countries such as the US, UK and Germany, China won't be able to continue banning crypto. China will join because they are afraid that BTC will become extremely valuable and they will miss out on the opportunity in this market.
China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaIt seems not as easy as we imagine, that's because our thinking as small investors is certainly very different from that of a government regulator... there are many considerations that must be thought through carefully so that the economy of the related countries, such as China and the US, remains stable... besides that other considerations may remain confidential for the sake of national security... remember that each country is led by different leaders, has different plans and their perspectives on Bitcoin and cryptocurrency are certainly different... uniting the opinions of all countries is certainly not something easy to do regarding Bitcoin adoption.Yeah, even with important global issues like global warming, human rights, and anti-war efforts where countries struggle to reach a consensus, I don't believe they can agree to fight against crypto as China is doing. I believe that if crypto is accepted in a few large countries such as the US, UK and Germany, China won't be able to continue banning crypto. China will join because they are afraid that BTC will become extremely valuable and they will miss out on the opportunity in this market.
Currently, Russia has allowed businesses to use crypto for imports and exports, and I think China will do something similar because China has a very good international trade relationship with Russia. I'm just waiting to see which tokens/privacy coins Russia and China will use for commercial purposes.
We know that china constantly oppos in bitcoin, But we know china is one of the biggest country. But why they oppos in crypto i don’t know. If china government will permission in crypto i think that it will be very prefer for crypto currency market. Because when the huge populated country will run on crypto, i think bitcoin reached will increase gradually. So i believe that if china will be welcomes in crypto, it will be lucky for cryptocurrency world.Yes China is huge populated country. Cryptocurrency market largely dependent on china. So it is big fact If China soon welcomes crypto. I think China will welcome crypto soon. We know China is big market for cryptocurrency. So for good new need involvement China on cryptocurrency market again. If China welcome crypto soon then it will creat positive import on cryptocurrency market instantly. And we will see bull session soon. So i think need China soon welcomes crypto on cryptocurrency market.
China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaI can't predict China's intentions at this point. They've banned crypto mining and trading for many years, but crypto continues to grow globally and is gaining a stronger foothold in the financial market. Their ban can't even protect Chinese investors, as wealthy ones are willing to transfer their accounts to foreign countries or Hongkong to invest with high risks through intermediaries.
China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaI can't predict China's intentions at this point. They've banned crypto mining and trading for many years, but crypto continues to grow globally and is gaining a stronger foothold in the financial market. Their ban can't even protect Chinese investors, as wealthy ones are willing to transfer their accounts to foreign countries or Hongkong to invest with high risks through intermediaries.
Hongkong is under China administration, and Hongkong is actively researching and managing crypto, which is the clearest signal that China wants to open up to crypto in the future. I really hope this becomes a reality and creates a big FOMO among the crypto investor community in China and globally, similar to what happened after El Salvador officially adopted BTC for its entire national economy.
It is true that for years we have seen the Chinese government ban mining and investing in bitcoin, causing its citizens to move and use other countries as a place to mine. China's ban on crypto did not make the price of bitcoin go down, I don't think it has any effect on bitcoin. Bitcoin is still expensive and increasingly popular.China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaI can't predict China's intentions at this point. They've banned crypto mining and trading for many years, but crypto continues to grow globally and is gaining a stronger foothold in the financial market. Their ban can't even protect Chinese investors, as wealthy ones are willing to transfer their accounts to foreign countries or Hongkong to invest with high risks through intermediaries.
Hongkong is under China administration, and Hongkong is actively researching and managing crypto, which is the clearest signal that China wants to open up to crypto in the future. I really hope this becomes a reality and creates a big FOMO among the crypto investor community in China and globally, similar to what happened after El Salvador officially adopted BTC for its entire national economy.
It is true that for years we have seen the Chinese government ban mining and investing in bitcoin, causing its citizens to move and use other countries as a place to mine. China's ban on crypto did not make the price of bitcoin go down, I don't think it has any effect on bitcoin. Bitcoin is still expensive and increasingly popular.China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaI can't predict China's intentions at this point. They've banned crypto mining and trading for many years, but crypto continues to grow globally and is gaining a stronger foothold in the financial market. Their ban can't even protect Chinese investors, as wealthy ones are willing to transfer their accounts to foreign countries or Hongkong to invest with high risks through intermediaries.
Hongkong is under China administration, and Hongkong is actively researching and managing crypto, which is the clearest signal that China wants to open up to crypto in the future. I really hope this becomes a reality and creates a big FOMO among the crypto investor community in China and globally, similar to what happened after El Salvador officially adopted BTC for its entire national economy.
It is true that for years we have seen the Chinese government ban mining and investing in bitcoin, causing its citizens to move and use other countries as a place to mine. China's ban on crypto did not make the price of bitcoin go down, I don't think it has any effect on bitcoin. Bitcoin is still expensive and increasingly popular.The ban on BTC mining has forced many miners to seek other countries to continue mining. They are unwilling to stop because they understand and believe in the future value of BTC. Thanks to China mining ban, the US has become the world largest BTC mining hashrate country and has benefited greatly from providing infrastructure and manpower for this new industry.
I like the fact that the popularity and price increase of Bitcoin don't weigh on a country for that to happen. If the Chinese government likes to let them keep on with the ban on Bitcoin, it wouldn't stop Bitcoin from increasing and gaining the popularity it has made for itself all over the world. The fact remains that, Bitcoin has come to stay. Step by step, countries upon countries will make legalize for their citizens. It's just a matter of timeIt is true that for years we have seen the Chinese government ban mining and investing in bitcoin, causing its citizens to move and use other countries as a place to mine. China's ban on crypto did not make the price of bitcoin go down, I don't think it has any effect on bitcoin. Bitcoin is still expensive and increasingly popular.China seems to consistently oppose bitcoin even though other large countries have opened up to accepting bitcoin and crypto. China, as one of the big countries, should take the opportunity for this, because the US, Germany and Russia have started to look at Bitcoin. Maybe if China allows its citizens to invest in Bitcoin, the price of Bitcoin will rise because there are many crypto lovers from ChinaI can't predict China's intentions at this point. They've banned crypto mining and trading for many years, but crypto continues to grow globally and is gaining a stronger foothold in the financial market. Their ban can't even protect Chinese investors, as wealthy ones are willing to transfer their accounts to foreign countries or Hongkong to invest with high risks through intermediaries.
Hongkong is under China administration, and Hongkong is actively researching and managing crypto, which is the clearest signal that China wants to open up to crypto in the future. I really hope this becomes a reality and creates a big FOMO among the crypto investor community in China and globally, similar to what happened after El Salvador officially adopted BTC for its entire national economy.
I like the fact that the popularity and price increase of Bitcoin don't weigh on a country for that to happen. If the Chinese government likes to let them keep on with the ban on Bitcoin, it wouldn't stop Bitcoin from increasing and gaining the popularity it has made for itself all over the world. The fact remains that, Bitcoin has come to stay. Step by step, countries upon countries will make legalize for their citizens. It's just a matter of timeIf that happened, we might see a more centralized Bitcoin right now because for sure the CCP will just control everything including this one. It really is good that it didn't happen, and I don't think that China can do it.
If that happened, we might see a more centralized Bitcoin right now because for sure the CCP will just control everything including this one. It really is good that it didn't happen, and I don't think that China can do it.Freedom doesn't exist everywhere. Many governments want to censor and control everything, including access to and ownership of new assets like crypto. China could be one such place. The government wants to protect its power over fiat, so it's afraid of the impact of crypto. They're always afraid of new things that they can't understand or manipulate.
China can welcome crypto and be used, but nothing will change. China can welcome crypto, but the CCP will just control everything like what they're doing. Based on a quick google search, the number of people who are holding Bitcoin in China is at 59.1M which equates to 4.16% of their total population. It's kind of huge knowing how huge the population of China is. Well, it will have some effect towards the market though if this happens... or will have?
More and more anti-Bitcoin countries will realize that what they did was wrong hence, they will change their stance towards it. I just don't know why these countries aren't letting their countrymen to use Bitcoin and crypto.
I see the Chinese government has not given permission at all and still rejects bitcoin and crypro, I think this policy is because they are afraid that FIAT will be replaced by bitcoin, we also read that the government prohibits crypto mining there. The government should start learning to accept bitcoin like other developed countries. Trump and Kamala are struggling to gain sympathy and votes by voicing their support for crypto, we'll just have to see whether a politician will always keep his promises or just for momentary interests before the election.If that happened, we might see a more centralized Bitcoin right now because for sure the CCP will just control everything including this one. It really is good that it didn't happen, and I don't think that China can do it.Freedom doesn't exist everywhere. Many governments want to censor and control everything, including access to and ownership of new assets like crypto. China could be one such place. The government wants to protect its power over fiat, so it's afraid of the impact of crypto. They're always afraid of new things that they can't understand or manipulate.
China can welcome crypto and be used, but nothing will change. China can welcome crypto, but the CCP will just control everything like what they're doing. Based on a quick google search, the number of people who are holding Bitcoin in China is at 59.1M which equates to 4.16% of their total population. It's kind of huge knowing how huge the population of China is. Well, it will have some effect towards the market though if this happens... or will have?
More and more anti-Bitcoin countries will realize that what they did was wrong hence, they will change their stance towards it. I just don't know why these countries aren't letting their countrymen to use Bitcoin and crypto.
We're seeing Trump and Harris trying to appear friendly towards crypto to get financial backing and votes. This only happens in countries with truly good democracies, where people's opinions are heard. But in China, the opposite is happening: the government gives orders, and people must obey without asking for explanations. I hope the success of BTC will make the Chinese government reconsider and grant their citizens the right to trade crypto in the future.
I see the Chinese government has not given permission at all and still rejects bitcoin and crypro, I think this policy is because they are afraid that FIAT will be replaced by bitcoin, we also read that the government prohibits crypto mining there. The government should start learning to accept bitcoin like other developed countries. Trump and Kamala are struggling to gain sympathy and votes by voicing their support for crypto, we'll just have to see whether a politician will always keep his promises or just for momentary interests before the election.Chinese government might be worried about a lot of things, often related to their absolute power in controlling the economy, so they'll likely try to protect the strength of fiat currency. They're also experimenting with e-CNY on a small scale but haven't announced any plans for nationwide adoption. I think the results haven't been positive, which is why they allowed Hongkong to accept crypto as a test.
The US and China are always competing in the economy today, there may be a reason why China does not give crypto permission there. Until now I still do not understand why the Chinese government might protect their currency.I see the Chinese government has not given permission at all and still rejects bitcoin and crypro, I think this policy is because they are afraid that FIAT will be replaced by bitcoin, we also read that the government prohibits crypto mining there. The government should start learning to accept bitcoin like other developed countries. Trump and Kamala are struggling to gain sympathy and votes by voicing their support for crypto, we'll just have to see whether a politician will always keep his promises or just for momentary interests before the election.Chinese government might be worried about a lot of things, often related to their absolute power in controlling the economy, so they'll likely try to protect the strength of fiat currency. They're also experimenting with e-CNY on a small scale but haven't announced any plans for nationwide adoption. I think the results haven't been positive, which is why they allowed Hongkong to accept crypto as a test.
The US and China have always been rivals in economics, military, and technology. With the development of crypto in the US, regardless of who the new president is, crypto will enter a new phase of development and strengthen the US position in the crypto/blockchain market. I believe that China won't be able to stay out of the crypto wave at that point. Let's wait and see ^^
China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.The US and China are always competing in the economy today, there may be a reason why China does not give crypto permission there. Until now I still do not understand why the Chinese government might protect their currency.I see the Chinese government has not given permission at all and still rejects bitcoin and crypro, I think this policy is because they are afraid that FIAT will be replaced by bitcoin, we also read that the government prohibits crypto mining there. The government should start learning to accept bitcoin like other developed countries. Trump and Kamala are struggling to gain sympathy and votes by voicing their support for crypto, we'll just have to see whether a politician will always keep his promises or just for momentary interests before the election.Chinese government might be worried about a lot of things, often related to their absolute power in controlling the economy, so they'll likely try to protect the strength of fiat currency. They're also experimenting with e-CNY on a small scale but haven't announced any plans for nationwide adoption. I think the results haven't been positive, which is why they allowed Hongkong to accept crypto as a test.
The US and China have always been rivals in economics, military, and technology. With the development of crypto in the US, regardless of who the new president is, crypto will enter a new phase of development and strengthen the US position in the crypto/blockchain market. I believe that China won't be able to stay out of the crypto wave at that point. Let's wait and see ^^
While the US has started to give crypto permission, US citizens can invest in crypto.
China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.We'll wait and see which approach will benefit each country more: the US adopting crypto or China banning it. I think the answer will come in about 4-5 years, or China will also soon accept crypto if e-CNY doesn't succeed as expected.
The Chinese government exercises strict control over its financials and economic affairs to a greater extent. Crypto, which is usually decentralized, can undermine this power by diminishing the government’s capacity to regulate money flows in addition to monetary policy. China could be alarmed by the adoption of cryptos as it can potentially lead to the weakening of the Chinese currency and monetary system.
However, the government of the United States plays more of a role of monitoring and policymaking concerning Bitcoin rather than completely shutting it down. These are aware of technological development prospects and economic returns that crypto can present and are interested in finding ways of regulation of the industry for safety of investors and of the public.
if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.China has different policies than the United States for cryptocurrency primarily because of their economic plans, money supply, and managing authority.We'll wait and see which approach will benefit each country more: the US adopting crypto or China banning it. I think the answer will come in about 4-5 years, or China will also soon accept crypto if e-CNY doesn't succeed as expected.
The Chinese government exercises strict control over its financials and economic affairs to a greater extent. Crypto, which is usually decentralized, can undermine this power by diminishing the government’s capacity to regulate money flows in addition to monetary policy. China could be alarmed by the adoption of cryptos as it can potentially lead to the weakening of the Chinese currency and monetary system.
However, the government of the United States plays more of a role of monitoring and policymaking concerning Bitcoin rather than completely shutting it down. These are aware of technological development prospects and economic returns that crypto can present and are interested in finding ways of regulation of the industry for safety of investors and of the public.
El Salvador has been very successful in applying the BTC strategy for the country but this is only a small success. The US is the world's leading economy, their success with crypto will make it impossible for China to continue standing outside this financial wave. That could be one of many drivers for the bullrun 2025 ^^
if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.
Who said US accepts crypto?Currently, we only know that crypto is not entirely banned in the US, meaning people can invest in crypto if they want to and won't face serious accusations like in China. Users can also pay with crypto through some services, even though the seller will receive fiat instead of crypto.
ETF acceptance does not imply accepting crypto.
Mining permits does not imply accepting crypto.
Presidential shenanigans definitely do not imply accepting crypto.
The SEC and CFTC are busy scorching projects left, right, and center, meanwhile the FBI and OFAC are working overtime to criminalize making crypto anonymous and are punishing people like Samourai Wallet developers for doing so.
Don't be so naive. Crypto acceptance is not black and white.
Currently, we only know that crypto is not entirely banned in the US, meaning people can invest in crypto if they want to and won't face serious accusations like in China. Users can also pay with crypto through some services, even though the seller will receive fiat instead of crypto.
I'm waiting for the official acceptance of crypto after Trump wins this election. It will be a global event and could cause the Chinese government to change its views and policies on crypto, at least no longer applying extreme bans to this new asset class.
China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.
China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.
So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.
If Trump wins and crypto is legalized in the US, this will affect China in treating crypto, because so far we know that crypto is prohibited in China.Mixers are a sensitive issue when governments want to regulate crypto. I don't know Trump views on Mixers, maybe we need more time to figure out how to deal with Mixers to protect the interests of crypto investors.
The price of bitcoin will be more expensive, if Trump legalizes crypto in the US.
I also see the US government that doesn't like mixers, will Trump relieve it? This will be a big question.
Because in my opinion, there is crypto technology that can be accepted by the government and there are also those that worry the government because we have also heard that governments in several countries have banned private coins.
China is one of the countries with the largest economy, so if the Chinese government legalizes crypto it will have a positive impact on crypto. many Chinese citizens invest in crypto even though the government prohibits it, and this will be a good thing for their citizens if the government allows it.China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.
So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.
Few months ago China was a big market for cryptocurrency. Huge miniers are China’s citizen. Bit Suddenly China Government restricted on cryptocurrency. But i think gradually they will be positive about crypto i strongly believe it. Many chinese people already involved in cryptocurrency market and they huge invest on cryptocurrency. So i think soon China government understand it and they will take positive action on cryptocurrency.China is one of the countries with the largest economy, so if the Chinese government legalizes crypto it will have a positive impact on crypto. many Chinese citizens invest in crypto even though the government prohibits it, and this will be a good thing for their citizens if the government allows it.China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.
So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.
We see several other big countries have started to accept crypto, including the US even though we also know they are fighting mixers but at least it is good because what is being fought is only mixers, but accepting other crypto.
Few months ago China was a big market for cryptocurrency. Huge miniers are China’s citizen. Bit Suddenly China Government restricted on cryptocurrency. But i think gradually they will be positive about crypto i strongly believe it. Many chinese people already involved in cryptocurrency market and they huge invest on cryptocurrency. So i think soon China government understand it and they will take positive action on cryptocurrency.You might be referring to "many years ago". It's true that China used to be a major market for crypto when many projects were launched by Chinese teams, numerous exchanges operated in China, and Chinese miners dominated the Bitcoin mining hashrate. However, China's extreme policies pushed crypto out of the country, allowing the US to become the leading nation in Bitcoin mining power ^^
Who said US accepts crypto?
ETF acceptance does not imply accepting crypto.
Mining permits does not imply accepting crypto.
if we compare China and the US, where the US accepts crypto while China rejects crypto, I think in the next 4-5 years China will have its own crypto currency. currently the Chinese government rejects it, it does not mean that they do not support crypto technology, but it is possible that they will develop the technology themselves. in my opinion.
Same story or sentiment that we would really be able to see if other first world or to those rich country would really be making up such decision on which they could just simplyChina is one of the countries with the largest economy, so if the Chinese government legalizes crypto it will have a positive impact on crypto. many Chinese citizens invest in crypto even though the government prohibits it, and this will be a good thing for their citizens if the government allows it.China is trying it's best to be careful with cryptocurrency.it has successfully cracked down on trading and mining to stay in control but still they have not completely banned people from owning or trading crypto privately. They're focusing on their own digital currency, the yuan, and using Hong Kong to test how crypto might work in the future. If things go well, China might allow more crypto activity, which may bring in a lot of money and help the market's growth.We know that China is Big fact on cryptocurrency and another economic sector. Because China is biggest populated country. And Huge mining happened in China. When China Government restricted on cryptocurrency then we saw big impact on cryptocurrency. Within short time Market gose huge down.
So when China will welcomes crypto then it will creat great impact on cryptocurrency market there has no doubt. And when it will happen after then Bitcoin price will increase rapidly.
We see several other big countries have started to accept crypto, including the US even though we also know they are fighting mixers but at least it is good because what is being fought is only mixers, but accepting other crypto.
Crypto technology is different from other social tech technology. The China supreme has refused to allow its people use social media apps such as Facebook and WhatsApp and they have clone their own similar app, they have Wechat and it's even used by some countries. However, even US has rejected a phone China created like the Huawei phone.Here I am not talking about China and America among other things because both countries oppose each other in the field of technology and war.
However, if the US embrace crypto and I'm not sure they will create their own coin because the people wouldn't use it because there is nothing good about national crypto. Even he CBDC US government has created don't have any use so far.
I also think that, the Chinese government strongly opposes crypto starting from Crypto mining and prohibits its citizens from investing and transacting in Crypto even though several large countries have started to receive crypto, the possibility of a quietly use of chinan using and has crypto because it is impossible for the country to not understand the crypto and the technology offered by Crypto. Will always be a question in our minds, what's up?Crypto technology is different from other social tech technology. The China supreme has refused to allow its people use social media apps such as Facebook and WhatsApp and they have clone their own similar app, they have Wechat and it's even used by some countries. However, even US has rejected a phone China created like the Huawei phone.Here I am not talking about China and America among other things because both countries oppose each other in the field of technology and war.
However, if the US embrace crypto and I'm not sure they will create their own coin because the people wouldn't use it because there is nothing good about national crypto. Even he CBDC US government has created don't have any use so far.
However, I still haven't found the reason for China's crypto currency ban. In 2021, they banned crypto currency and its mining and destroyed Hughes Amount's mining farm and mining hardware.
But I still suspect that the Chinese are secretly working with crypto currency and maybe they are secretly adopting bitcoin. Because not being associated with crypto currency is a loss for them and I don't think China is so stupid.
Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.
I also think that, the Chinese government strongly opposes crypto starting from Crypto mining and prohibits its citizens from investing and transacting in Crypto even though several large countries have started to receive crypto, the possibility of a quietly use of chinan using and has crypto because it is impossible for the country to not understand the crypto and the technology offered by Crypto. Will always be a question in our minds, what's up?
Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.
Here I am not talking about China and America among other things because both countries oppose each other in the field of technology and war.China has been a rival country with the US for long time, when it comes to advancement, technology and many other things. Their ban on crypto would be to help them regulate the rise of crypto scam that was becoming a common thing in the economy. Cryptocurrency is a great technology and no country would want to risk being left out. Though most of them are currently putting out chase on most crypto firms and other branches it still not totally removed from their economy. If you think of it properly, those government officials that have been around the world must have seen how the technology has improved the economy of other countries like El salvador.
However, I still haven't found the reason for China's crypto currency ban. In 2021, they banned crypto currency and its mining and destroyed Hughes Amount's mining farm and mining hardware.
But I still suspect that the Chinese are secretly working with crypto currency and maybe they are secretly adopting bitcoin. Because not being associated with crypto currency is a loss for them and I don't think China is so stupid.
Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.
I doubt if they actually have any intention to create their own crypto project but if they do, they might not have lot of citizens investing into the coins unless they will have to force citizens to invest in the coin or they make it a legal tender. If they can not allow Bitcoin, then any other coin or token they intend to build will not thrive because most people draw the motivation of investing in crypto from Bitcoin.
China has been a rival country with the US for long time, when it comes to advancement, technology and many other things. Their ban on crypto would be to help them regulate the rise of crypto scam that was becoming a common thing in the economy. Cryptocurrency is a great technology and no country would want to risk being left out. Though most of them are currently putting out chase on most crypto firms and other branches it still not totally removed from their economy. If you think of it properly, those government officials that have been around the world must have seen how the technology has improved the economy of other countries like El salvador.I don't really know how much the ban on crypto helped China regulate scams and have a positive effect on their economy. If you see that even after banning crypto, China is ranked 20th out of 151 countries that use crypto currency the most. If I talk about my country Bangladesh is at 35th position out of 151 countries in terms of crypto usage even the ban crypto currency in our country too.
They will have to put it into consideration and that would be a reason for the welcoming of crypto back to their country..
Let's not give ourselves a false hope because China are not going to adopt bitcoin or any cryptocurrency for any reason, they have their own cbdc and are doing all it takes to avoid any other currency taking over their own native currency, you could see from the way they have been taking their regulations so serious, bitcoin should not be what we are going to see become a mainstream in China for now except they have a change in government.
I still suspect that the Chinese are secretly working with crypto currency and maybe they are secretly adopting bitcoin. Because not being associated with crypto currency is a loss for them and I don't think China is so stupid.From what I am made to understand, China has its crypto coins they believe in, not Bitcoin.
Let's not give ourselves a false hope because China are not going to adopt bitcoin or any cryptocurrency for any reason, they have their own cbdc and are doing all it takes to avoid any other currency taking over their own native currency, you could see from the way they have been taking their regulations so serious, bitcoin should not be what we are going to see become a mainstream in China for now except they have a change in government.However, it is also important to note that a country’s policy towards new technologies may well be a reflection of its overall economic and political strategy. But in China’s case, its restrictive policy in relation to the crypto could be related not so much to the tech as to the domestic economic regulation and financial reliability. As an example of large nations’ potential to decides on the management and interconnection of their systems, China exemplifies how it could aim at developing technologies like CBDCs.
From what I am made to understand, China has its crypto coins they believe in, not Bitcoin.It may be because they create everything dedicatedly for them especially if you look at the social platforms then you will understand that America created Facebook in the world and they started using Wechat invent it. Anyway that's not the point here since crypto currency is directly related to economic issues I don't think they can limit themselves to just their cryptocoin. In order to be successful here, one has to keep bitcoin and other top pairs altcoins in the add option or use list.
Some of the crypto coins they believe in and accept for their citizenry to trade on are Neo, Vechain, OKX, IRIS network, BitDAO, and Conflux network.
I still suspect that the Chinese are secretly working with crypto currency and maybe they are secretly adopting bitcoin. Because not being associated with crypto currency is a loss for them and I don't think China is so stupid.From what I am made to understand, China has its crypto coins they believe in, not Bitcoin.
Some of the crypto coins they believe in and accept for their citizenry to trade on are Neo, Vechain, OKX, IRIS network, BitDAO, and Conflux network.
Let's not give ourselves a false hope because China are not going to adopt bitcoin or any cryptocurrency for any reason, they have their own cbdc and are doing all it takes to avoid any other currency taking over their own native currency, you could see from the way they have been taking their regulations so serious, bitcoin should not be what we are going to see become a mainstream in China for now except they have a change in government.Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.
Let's not give ourselves a false hope because China are not going to adopt bitcoin or any cryptocurrency for any reason, they have their own cbdc and are doing all it takes to avoid any other currency taking over their own native currency, you could see from the way they have been taking their regulations so serious, bitcoin should not be what we are going to see become a mainstream in China for now except they have a change in government.Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.
I memorize well when first time investing in bitcoin China become most welcome country for cryptocurrency transaction and their people have many mining project build up, but don't know why suddenly China suspended all transaction about cryptocurrency and until right now their viewed still bad about bitcoin adopting as payment legal currency transaction.
Well it depends on the token’s performance in the long run, if token gains popularity amongst the Chinese, I believe other countries or people from other places might also indicate interest to invest in the project. I mean it’ll certainly be a huge project you know, because I believe that’ll be very first crypto project that China would be developing and they’ll certainly give it their best and this may be the main reason why people would indicate interest to join the project.Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.
I doubt if they actually have any intention to create their own crypto project but if they do, they might not have lot of citizens investing into the coins unless they will have to force citizens to invest in the coin or they make it a legal tender. If they can not allow Bitcoin, then any other coin or token they intend to build will not thrive because most people draw the motivation of investing in crypto from Bitcoin.
Are you sure they won't be able to hold it?
Imagine it, a coin held and associated with China itself, I don't think that nobody would invest in it besides the China citizens themselves.
Though, of course, it wouldn't surpass Bitcoin in terms of stability, there I would agree with you.
Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.When I joined the crypto market during the bullrun 2017, Chinese investors and developers were a vibrant and significant part of this market. Unfortunately, the ICO boom came with many risks, leading China to ban ICOs and crypto within its borders.
I memorize well when first time investing in bitcoin China become most welcome country for cryptocurrency transaction and their people have many mining project build up, but don't know why suddenly China suspended all transaction about cryptocurrency and until right now their viewed still bad about bitcoin adopting as payment legal currency transaction.
If China has a coin developed there, of course it will be a popular coin if many people know about it. But I haven't heard of any good coins there at this time. China is a big country, but its government has not given support and allowed crypto there. And many people also don't know the reason why even though many countries have started to give permission to crypto.Well it depends on the token’s performance in the long run, if token gains popularity amongst the Chinese, I believe other countries or people from other places might also indicate interest to invest in the project. I mean it’ll certainly be a huge project you know, because I believe that’ll be very first crypto project that China would be developing and they’ll certainly give it their best and this may be the main reason why people would indicate interest to join the project.Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.
I doubt if they actually have any intention to create their own crypto project but if they do, they might not have lot of citizens investing into the coins unless they will have to force citizens to invest in the coin or they make it a legal tender. If they can not allow Bitcoin, then any other coin or token they intend to build will not thrive because most people draw the motivation of investing in crypto from Bitcoin.
Are you sure they won't be able to hold it?
Imagine it, a coin held and associated with China itself, I don't think that nobody would invest in it besides the China citizens themselves.
Though, of course, it wouldn't surpass Bitcoin in terms of stability, there I would agree with you.
Many people do not know the reason why China prohibits mining and crypto in their country even though crypto is a technological advancement that every developed country should participate in. Whatever the reason for the Chinese government's ban, I don't fully understand it. Maybe they have different thoughts and policies than other developed countries.Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.When I joined the crypto market during the bullrun 2017, Chinese investors and developers were a vibrant and significant part of this market. Unfortunately, the ICO boom came with many risks, leading China to ban ICOs and crypto within its borders.
I memorize well when first time investing in bitcoin China become most welcome country for cryptocurrency transaction and their people have many mining project build up, but don't know why suddenly China suspended all transaction about cryptocurrency and until right now their viewed still bad about bitcoin adopting as payment legal currency transaction.
Fast forward to the bullrun 2021, we witnessed China extreme stance on the energy consumption of their BTC miners, resulting in a ban on BTC mining and the displacement of mining companies to other countries. As far as I know, crypto is now considered an asset in China but cannot be used for payments as it might threaten their fiat CNY value.
However, due to the ban, some people begin to doubt values They should because the Chinese authorities act to safeguard their economy and financial sector. This is due to the fact that by creating the e-CNY, the People’s Republic of China is trying to strengthen its hold on their financial sector and counteract the dangers that uncontrolled cryptocurrencies pose.Many people do not know the reason why China prohibits mining and crypto in their country even though crypto is a technological advancement that every developed country should participate in. Whatever the reason for the Chinese government's ban, I don't fully understand it. Maybe they have different thoughts and policies than other developed countries.Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.When I joined the crypto market during the bullrun 2017, Chinese investors and developers were a vibrant and significant part of this market. Unfortunately, the ICO boom came with many risks, leading China to ban ICOs and crypto within its borders.
I memorize well when first time investing in bitcoin China become most welcome country for cryptocurrency transaction and their people have many mining project build up, but don't know why suddenly China suspended all transaction about cryptocurrency and until right now their viewed still bad about bitcoin adopting as payment legal currency transaction.
Fast forward to the bullrun 2021, we witnessed China extreme stance on the energy consumption of their BTC miners, resulting in a ban on BTC mining and the displacement of mining companies to other countries. As far as I know, crypto is now considered an asset in China but cannot be used for payments as it might threaten their fiat CNY value.
However, due to the ban, some people begin to doubt values They should because the Chinese authorities act to safeguard their economy and financial sector. This is due to the fact that by creating the e-CNY, the People’s Republic of China is trying to strengthen its hold on their financial sector and counteract the dangers that uncontrolled cryptocurrencies pose.Many people do not know the reason why China prohibits mining and crypto in their country even though crypto is a technological advancement that every developed country should participate in. Whatever the reason for the Chinese government's ban, I don't fully understand it. Maybe they have different thoughts and policies than other developed countries.Seems difficult for China accepted bitcoin become legal payment transaction in the future, actually they have large community in their country and bring most positive impact if welcome with bitcoin and altcoin.When I joined the crypto market during the bullrun 2017, Chinese investors and developers were a vibrant and significant part of this market. Unfortunately, the ICO boom came with many risks, leading China to ban ICOs and crypto within its borders.
I memorize well when first time investing in bitcoin China become most welcome country for cryptocurrency transaction and their people have many mining project build up, but don't know why suddenly China suspended all transaction about cryptocurrency and until right now their viewed still bad about bitcoin adopting as payment legal currency transaction.
Fast forward to the bullrun 2021, we witnessed China extreme stance on the energy consumption of their BTC miners, resulting in a ban on BTC mining and the displacement of mining companies to other countries. As far as I know, crypto is now considered an asset in China but cannot be used for payments as it might threaten their fiat CNY value.
It may also be unique compared to other countries, yet it prove that china has a different policy of developing new technologies in its financial system. Consequently, every country has to set a right balance between stimulation of innovations and sustaining of economic stability regarding its peculiar conditions.
We should wake and stop dreaming on China to have bitcoin adoption, this is more likely impossible to achieve, we should by know know them for what they are and how desperate they could be on their law enforcements, why they are doing all these was because they want their own country economy to be the top lead of the world economy and if any other entity or country took over from them, their growth may be retarded, that is why they have always been taking it uneasy on cryptocurrencies in their country.
We should wake and stop dreaming on China to have bitcoin adoption, this is more likely impossible to achieve, we should by know know them for what they are and how desperate they could be on their law enforcements, why they are doing all these was because they want their own country economy to be the top lead of the world economy and if any other entity or country took over from them, their growth may be retarded, that is why they have always been taking it uneasy on cryptocurrencies in their country.The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.
It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.We should wake and stop dreaming on China to have bitcoin adoption, this is more likely impossible to achieve, we should by know know them for what they are and how desperate they could be on their law enforcements, why they are doing all these was because they want their own country economy to be the top lead of the world economy and if any other entity or country took over from them, their growth may be retarded, that is why they have always been taking it uneasy on cryptocurrencies in their country.The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.
The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.I'm also bullish on China re-entry into the crypto market. They're aggressively exploring the potential of blockchain technology. We all know that blockchain can't exist without crypto, so if China adopts public blockchains, they'll inevitably have to accept crypto as well.
Their government is already aware of the capabilities of Cryptocurrency buy I think they're just worried about their citizens using it for money laundry or being victims or involved in Cryptocurrency scams it's not as if they're not aware of it's potential moreover one of the biggest exchange is owned by a Chinese so it means thst most of their Citizens are very knowledgeable about it and can't wait to jump into the market when their government finally bounce back into it. China as one of the biggest economy in the middle could be one of the driving force for Bitcoin getting above the 100k mark sooner and if they get into Cryptocurrency before the 1st quarter of next year then the possibility of that happening faster could be very imminent.The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.
The Chinese government is concerned about crypto, perhaps they think crypto can be misused by its citizens, for example money laundering and illegal activities. but we see that many Chinese citizens have become crypto investors, so actually the citizens already understand about crypto, only the government doesn't allow it.Their government is already aware of the capabilities of Cryptocurrency buy I think they're just worried about their citizens using it for money laundry or being victims or involved in Cryptocurrency scams it's not as if they're not aware of it's potential moreover one of the biggest exchange is owned by a Chinese so it means thst most of their Citizens are very knowledgeable about it and can't wait to jump into the market when their government finally bounce back into it. China as one of the biggest economy in the middle could be one of the driving force for Bitcoin getting above the 100k mark sooner and if they get into Cryptocurrency before the 1st quarter of next year then the possibility of that happening faster could be very imminent.The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.
I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.The Chinese government is concerned about crypto, perhaps they think crypto can be misused by its citizens, for example money laundering and illegal activities. but we see that many Chinese citizens have become crypto investors, so actually the citizens already understand about crypto, only the government doesn't allow it.Their government is already aware of the capabilities of Cryptocurrency buy I think they're just worried about their citizens using it for money laundry or being victims or involved in Cryptocurrency scams it's not as if they're not aware of it's potential moreover one of the biggest exchange is owned by a Chinese so it means thst most of their Citizens are very knowledgeable about it and can't wait to jump into the market when their government finally bounce back into it. China as one of the biggest economy in the middle could be one of the driving force for Bitcoin getting above the 100k mark sooner and if they get into Cryptocurrency before the 1st quarter of next year then the possibility of that happening faster could be very imminent.The Chinese government does seem uncomfortable with crypto, it is possible that they have a crypto currency that they are preparing. That is just my prediction because it is impossible for a big country like China not to understand crypto technology. But we should not expect too much from this, we focus on the market and forget about the countries that strictly prohibit crypto there.It could be, while China it is very much involved in the cracking down on the crypto industry it is equally involved in the creation of their own CBDC, the digital yuan. But from this we can see that they know much about the capabilities of the crypto technology but they don’t want anyone to interfere with the operations of the financial sector. Therefore, that’s where the expanded focus on the global market and the potential in other nations that are even more favorable toward cryptocurrencies. Moreover, as its application grows, the cryptocurrency will level itself up to become relevant no matter the laws in some states.
Yes, what I read seems to be the largest crypto community in China even though the government has banned it. I think the Chinese government should have good policies for its citizens so that crypto can develop there. I also read other news that many Chinese citizens also mine crypto
I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.
They been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.
Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.
The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250KThey been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.
Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.
China has made significant strides in blockchain technology, but unfortunately, this has not been accompanied by the development of the crypto market in this country. We are forced to wait longer and may have to accept a cycle without the participation of Chinese investors.
Yes, The Chinese authorities have prohibited their citizens from using cryptocurrencies to trade and mining; however, there is a robust and expanding crypto community in China. This indicates that Asian, particularly the Chinese are interested in the blockchain technology and digital assets. To bypass the law, some market players have gone underground or moved their operations to other jurisdictions where the cryptos are legal.
I read an article on Cointelegraph which said that currently, China has the highest bitcoin mining farm in the world despite the ban of cryptocurrency in their country and I don't know how it is possible. Chinese are still using crypto and there is nothing that can stop them because they have known and learnt about cryptocurrency since the early days of cryptocurrency. It is just that the government loves to control everything about her citizens making them ban and unbanned crypto in the country several times.
The business of crypto mining and in particular the mining of bitcoins was also very active in China before the authorities’ clamp down. Still, there are some reports that can state that also now some Chinese citizens continue mining underground, or through global networks. In case Chinese government one day decided to easing up its strict measures or implement more friendly policies to blockchain industry, then this will create vast opportunities for blockchain technology in China as it has already revealed unbounded prospects and market size in Chinese territory.
Yes, what I read seems to be the largest crypto community in China even though the government has banned it. I think the Chinese government should have good policies for its citizens so that crypto can develop there. I also read other news that many Chinese citizens also mine crypto
The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250KThey been educating their students about every technology. The Chinese been the reason for the middle east desert to turn green already. Sooner they can have large farm along their Silkroad.China is printing money to support its struggling economy, which is facing deflation. If China soon changes its policy on crypto and some of this money flow goes into crypto, I believe we will see a bull run more violent than I can expect, and we could see BTC reach $250K-500K easily.
Its said China is printing like brrr so their government is giving large sum for their investors. If they are getting back to crypto , it will definitely tank the in bull season.
China has made significant strides in blockchain technology, but unfortunately, this has not been accompanied by the development of the crypto market in this country. We are forced to wait longer and may have to accept a cycle without the participation of Chinese investors.
The Chinese government's participation in crypto is always awaited by many crypto investors because China is one of the big countries with an economy that almost dominates the world. We also know that there are many crypto investors from China, but the Chinese government remains adamant about not allowing crypto in their country. If China participates in crypto by making rules that allow its citizens to invest and transact using crypto, then in this cycle we will see the price of bitcoin touch $ 250KAll price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.What regulation do you refer to? If it is related to crypto, China government still forbids crypto for any purposes. They assume crypto may bring bad impact on the stability of finance in China. There are also many other reasons that they may not tell to the public. However, I think this is not a permanent regulation, the government is still possible to change the regulation in the future. We have a rumor that China government may consider to allow crypto again. But there is still no further information about this until now, just wait for the official announcement from them.
Do you know overall supply of bitcoin?I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
Do you know overall supply of bitcoin?
It is can be unwise to be overly optimistic about this scenario. China has been cracking down on Bitcoin and other cryptocurrencies not just due to their unlawful use but also for totally controlling the domestic financial sector and promoting their e-CNY. According to the author, if China decides to take bitcoin as legal currency in their country, that can result in large to devastating effect to China’s economy.
I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
Sometimes, It is possible not to rely on China’s decisions in the BTC or other cryptocurrencies because its regulatory actions are often in suspense. Concentration should be on prospects in the worldwide crypto space that have been evidenced to be capable of operation without the direct intervention of China. The first workaround is to search for countries and regions friendly to cryptocurrency and blockchain technology, for instance, El Salvador or the European Union that act as leaders that still advocate for mass adoption of cryptocurrencies. Another great way to diversify your portfolio with concentrated high-quality coins can also be a smart move in order not to rely so highly on the decisions which a particular country makes.I also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
We do know that China is a superpower not only into that aspect but also when it comes on being big or first tier country then we can really say that it could be able to boom up Bitcoins price or crypto market as a whole. So it will really be just that depending on them but lets not hope for something like this on which we've seen already that they had ban and unbanned Bitcoin
and thats why its not really ideal that we would really be making ourselves that too optimistic into something which cant happen. If they do make out some decision about such adoption then its good but if not then its still good. Crypto market could progress without them.
^ What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.
If they can mine BTC with the low energy cost they havey why should they buy to pump?
I'm sure they are still skeptical who created BTC and who has more BTC today that could dump on to them.
What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.This could very well be what the Chinese government is thinking, so they don't seem to be in a rush to join the global BTC and crypto wave. We also don't know exactly how much BTC they hold; I wouldn't be surprised if a large portion of BTC mining power in China is in the government's hands.
If they can mine BTC with the low energy cost they havey why should they buy to pump?
I'm sure they are still skeptical who created BTC and who has more BTC today that could dump on to them.
The crypto market has already progressed without China because China is not the only big and strong country. Crypto adoption increase overtime due to steady adoption and no one can stop bitcoin from growing. China thought that they could in the past, but they were disappointed that bitcoin is growing stronger every day. China impact on the market will only be temporary because China already has citizens who are into cryptoI also have the same hope as you, I want the Chinese government to accept itcoin one day and this will have a good impact on the crypto market because China is one of the largest economies and many crypto investors are from China. Although until now we do not know the reason why China does not legalize bitcoin in its country.As many expect China to legalize cryptocurrency in order to drive BTC price appreciation, not all types of rules should be regarded as positive outcomes. China may decide to limit the use of cryptocurrency within the nation, to retain regulation over its national economy and avoid interference from fluctuating cryptocurrency markets. On the other hand, the use of blockchain technology can still contribute to, and continue to improve Chinas fast-growing economy without getting caught up in the crypto market. BUT, all the same, we can still expect China to one day look for ways to embrace cryptos to support global crypto usage as this could increase more profit realization for investors.China is indeed not clear in providing regulations for its citizens, but I am sure China is also studying crypto technology and has its own plans for the future, but as crypto lovers we do hope that China will legalize crypto so that there is a large flow of funds that makes bitcoin rise and we can get profit during the bullish season, of course a bigger profit than we expect.
All price predictions are plausible, even without considering potential Chinese involvement. We know China economic scale, it would be beneficial if a portion of their substantial capital flowed into the market, driving crypto growth and potentially leading to a bullrun in Q1 2025.
China stance on crypto is paradoxical: they've banned mining and trading while simultaneously allowing miners to operate at a scale that accounts for 55% of the global hashrate. This suggests a more complex and nuanced Chinese strategy towards crypto that remains unclear.
We do know that China is a superpower not only into that aspect but also when it comes on being big or first tier country then we can really say that it could be able to boom up Bitcoins price or crypto market as a whole. So it will really be just that depending on them but lets not hope for something like this on which we've seen already that they had ban and unbanned Bitcoin
and thats why its not really ideal that we would really be making ourselves that too optimistic into something which cant happen. If they do make out some decision about such adoption then its good but if not then its still good. Crypto market could progress without them.
We should stop giving ourself the false hope in guise that China may one day accept for the crypto adoption in their country, because they know the both strong and weakness of the economy in which they are running and wouldn't permit for any other thing to have more power over them at the cause of allowing for an alternative, they may be inconsiderate but with their own reason on this.I also thought China would ban crypto permanently when they took such decisive actions in 2017 and 2021. But they have since made many unusual moves, like allowing Hongkong to experiment with crypto, recognizing BTC as a legal asset, and continuing to permit numerous mining farms to operate, accounting for 55% of the global Bitcoin mining hashrate.
I have been trying to understand how China operates but recently i can say that they act like the US nation, and whatever that doesn't benefits them doesn't have right to operate smoothly, therefore China would definitely benefits from bitcoin both in cryptocurrency mining because those taxation are what would also attributes to their benefits as a nation just like the US.We should stop giving ourself the false hope in guise that China may one day accept for the crypto adoption in their country, because they know the both strong and weakness of the economy in which they are running and wouldn't permit for any other thing to have more power over them at the cause of allowing for an alternative, they may be inconsiderate but with their own reason on this.I also thought China would ban crypto permanently when they took such decisive actions in 2017 and 2021. But they have since made many unusual moves, like allowing Hongkong to experiment with crypto, recognizing BTC as a legal asset, and continuing to permit numerous mining farms to operate, accounting for 55% of the global Bitcoin mining hashrate.
I believe China will eventually accept BTC and crypto, though perhaps not in the short term but rather in the long term, maybe in the next cycle or the one after that, once they have established a suitable legal framework to regulate, tax, and benefit from this market.
What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far. Because if some day crypto suddenly disappears then no one can be blamed for it. But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country. This is why the government of a country is very afraid to legalize Bitcoin. But people in more or less all countries are using Bitcoin at a massive rate with full responsibility
Actually, the government does not need to legalize bitcoin as a transaction or payment method, but allows it for investment. Although many predict that bitcoin will be more popular and expensive in the future, the government also thinks about the bad side of the technology, because the government cannot control it. If there is misuse in the future, who is responsible, because bitcoin is semi-anonymous.What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far. Because if some day crypto suddenly disappears then no one can be blamed for it. But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country. This is why the government of a country is very afraid to legalize Bitcoin. But people in more or less all countries are using Bitcoin at a massive rate with full responsibility
So far as I have knowledge, the government regulating bitcoin only for the investment purpose and not allowing it for the use of transacting through it is a quite wise decision keeping in the view the pros and cons of this virtual currency. The government can deem it useful to advice the adoption of very high regulatory standards in bitcoin investment standards such as monitoring and reporting. This can help reduce the probability of wrong use, but it allows people to reap the favorable investment characteristics offered by bitcoins. In this manner, the government can regulate the financial sector against fluctuation and risks that aspiring to utilize bitcoin as a payment system are likely to expose state money.Actually, the government does not need to legalize bitcoin as a transaction or payment method, but allows it for investment. Although many predict that bitcoin will be more popular and expensive in the future, the government also thinks about the bad side of the technology, because the government cannot control it. If there is misuse in the future, who is responsible, because bitcoin is semi-anonymous.What we have to remember is that China is the country that is most clever in economic or financial strategy. So I am sure that China will one day have a positive impact on crypto assets. It's just that they definitely make strict regulations about this. Like Japan, which also applies quite strict regulations and even crypto taxes there are very large. But I'm sure China will make regulations more accessible. But they won't rush into getting involved. It's just that their current direction is starting to become more crypto-friendly.Gradually all countries will accept crypto easily but since cryptocurrency is completely decentralized and its creator has not been identified so far many countries are afraid of it so far. Because if some day crypto suddenly disappears then no one can be blamed for it. But when the government of a country legalizes Bitcoin, the government or the central bank will have to take responsibility for the investment of the people of that country. This is why the government of a country is very afraid to legalize Bitcoin. But people in more or less all countries are using Bitcoin at a massive rate with full responsibility
I believe that lately the Chinese government is trying to put more and more restrictions on the use of cryptocurrencies but let's not forget that China is one of the largest miners so it will always have a great influence on the market trendWe haven't seen any updates on China's stance towards crypto, but we are witnessing Hongkong active embrace of crypto and related products. I can only speculate that the Chinese government is trying to delay the development of the domestic crypto market to study and enact crypto regulations.
I also don't see any update news about China related to crypto, maybe they are working on a secret crypto project, Although there is no latest news or maybe China pretends not to allow crypto to be used as a payment method and mining but actually they have prepared a big crypto project. This is just a guess, because it is impossible for a country as big as China to not care about crypto all this time.I believe that lately the Chinese government is trying to put more and more restrictions on the use of cryptocurrencies but let's not forget that China is one of the largest miners so it will always have a great influence on the market trendWe haven't seen any updates on China's stance towards crypto, but we are witnessing Hongkong active embrace of crypto and related products. I can only speculate that the Chinese government is trying to delay the development of the domestic crypto market to study and enact crypto regulations.
China is quick to respond to global trends, such as electric vehicles and AI. There's no reason for them to lag behind in the crypto wave while actively adopting blockchain. China crypto plan remains a mystery, but I know it will be massive and have a significant impact on the global crypto market once it's released.
China is quick to respond to global trends, such as electric vehicles and AI. There's no reason for them to lag behind in the crypto wave while actively adopting blockchain. China crypto plan remains a mystery, but I know it will be massive and have a significant impact on the global crypto market once it's released.
^ What the Chinese wants is to just mine BTC. Although they ban BTC mining back in 2020, they gradually mine BTC again which the percentage of hashrate is way higher than any country today.
Well, it is virtually impossible to ignore China as a power within the global economy and technology; perhaps they are hiding the innovations they are preparing now when they allow limiting options for the crypto use as payment and mining. That could lead to speculation that the duo has been hiding from the public eye, but it could also be a strategic way of keeping things hidden in the shadows for a well planned out second move. It is obvious China is interested in the blockchain technology and crypto, so maybe we just have to wait for them to pick such strategies. Due to the increasing development in the crypto world, it is quite wise to keep an eye on something that might happen later in the future.I also don't see any update news about China related to crypto, maybe they are working on a secret crypto project, Although there is no latest news or maybe China pretends not to allow crypto to be used as a payment method and mining but actually they have prepared a big crypto project. This is just a guess, because it is impossible for a country as big as China to not care about crypto all this time.I believe that lately the Chinese government is trying to put more and more restrictions on the use of cryptocurrencies but let's not forget that China is one of the largest miners so it will always have a great influence on the market trendWe haven't seen any updates on China's stance towards crypto, but we are witnessing Hongkong active embrace of crypto and related products. I can only speculate that the Chinese government is trying to delay the development of the domestic crypto market to study and enact crypto regulations.
China is quick to respond to global trends, such as electric vehicles and AI. There's no reason for them to lag behind in the crypto wave while actively adopting blockchain. China crypto plan remains a mystery, but I know it will be massive and have a significant impact on the global crypto market once it's released.
China is embracing what is good for China!There are numerous reasons for China to actively support crypto, not merely as an investment but as a revolution in technology and the financial system.
Producing tons of electric vehicles and earning from exports is making them money, creating AI models is good for their own business and their rather nefarious takes on some government activities, but why would they embrace as a nation crypto?
I have yet to see a single reason why would this affect them positively, after all, it's all about money, so they will need to buy crypto and then hope for others to buy them from them, what other advantage is there as a nation? There are individual finances and national-level economics, and these are distinct plans! I've always said it, look how Nigeria and Turkey are bragging about massive adoption, some close to 40% if we take some sources seriously, how did it actually help the countries? Obviously, they didn't!
Blockchain and crypto are intrinsically linked. For China to widely adopt blockchain, crypto is indispensable for maintaining decentralized networks.
No, they are not, that's the thing!I don't see how a decentralized network can be sustained and improved without rewarding validators. They need to make money to cover hardware, electricity, rent, and staffing costs. Plus, public blockchains should be open to everyone with a shared goal of benefiting society.
The first actual real usage blockchain was working previous to Bitcoin in 2007,
https://e-estonia.com/solutions/cyber-security/ksi-blockchain/
and it's working fine without crypto, without tokens, and without smart contracts for an entire country!
Blockchains are just distributed databases, Cassandra is a distributed database, it works wonders for everything, it runs flawlessly and it needs to token, no exchange nothing of value, both apple and google and facebook run on it!
So, what's the point of putting tokens on them?
I don't see how a decentralized network can be sustained and improved without rewarding validators.
They need to make money to cover hardware, electricity, rent, and staffing costs. Plus, public blockchains should be open to everyone with a shared goal of benefiting society.
Even China, a blockchain powerhouse, hasn't launched any services on public blockchains yet because they'd have to pay in crypto to use them.
I just gave you a real-world example of private decentralized blockchain action, it has been used for a decade , working flawlessly without a token and without any other incentive for it!I don't think private blockchains are the future. I'm a firm believer in public blockchains, and they need tokens, they need crypto to maintain their security and decentralization. IBM hybrid blockchain is popular, but large financial institutions still choose Ethereum to experiment with and use tokenization.
I don't think private blockchains are the future. I'm a firm believer in public blockchains, and they need tokens, they need crypto to maintain their security and decentralization.
I can't predict the future, but I believe China will adopt the public blockchains they're researching and they'll have to accept crypto.
Then what about XRP? ;)As I understand it, Ripple was granted XRP to operate a global interbank payment system. Ripple doesn't have the authority to mint additional XRP for themselves. The XRP Ledger is a decentralized, public blockchain, not a private chain as many investors believe. RippleNet also is a decentralized global network of banks and payment providers utilizing Ripple distributed financial technology.
What about coins that are inflationist basically printing money to keep themselves secure, how is there any difference between a private chain held by a company in 10 datacenters and 10 centralized entities mining all the blocks in a public chain?
Again, why would they adopt "public" blockchains? What would be the advantage from the government's perspective?
China is embracing what is good for China!
Producing tons of electric vehicles and earning from exports is making them money, creating AI models is good for their own business and their rather nefarious takes on some government activities, but why would they embrace as a nation crypto?
I have yet to see a single reason why would this affect them positively, after all, it's all about money, so they will need to buy crypto and then hope for others to buy them from them, what other advantage is there as a nation? There are individual finances and national-level economics, and these are distinct plans! I've always said it, look how Nigeria and Turkey are bragging about massive adoption, some close to 40% if we take some sources seriously, how did it actually help the countries? Obviously, they didn't!
As I understand it, Ripple was granted XRP to operate a global interbank payment system. Ripple doesn't have the authority to mint additional XRP for themselves. The XRP Ledger is a decentralized, public blockchain, not a private chain as many investors believe. RippleNet also is a decentralized global network of banks and payment providers utilizing Ripple distributed financial technology.
I believe China is planning to adopt public blockchains due to their ongoing research into their potential.
Permit me to ask, what do you think are the necessary important factors for considering the usage and adoption of cryptocurrency in a country?, is it because of economical benefits or individual(citizens) benefits?, or even both?. Because, as it stands, china seems to be very confident that crypto won't really contribute much because they've already installed certain things in place like the AI model and other things you mentioned. But in the case of Nigeria as a country, i think it benefits the citizens more due to the level of hardship. So, many of them have opted to cryptocurrency, and i think it is really working IMO.
China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.
I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.
We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.
I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.
Atleast finally we can see the great potential of bitcoin worldwide if the leading countries give real support. The United States has already sent positive signals which to an extent increases confidence in the crypto market and see reasons why bitcoin can appreciate in the future.We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.
I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.
Yes, The prediction of bitcoin adoption by such big countries as China does raise a lot of hope as to the future of global crypto. When world powers join the wagon, the effect of raising bitcoin’s value and creating more awareness to the general public will be felt more.We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.China is the most influence country around the world and they have many citizen lead as the top will bring most positive effect if welcome or make cryptocurrency as legal payment transaction. Firstly when bitcoin still have lower price China most welcome for bitcoin and there are many big top mining project, but when announcing for banned all bitcoin transaction have bit problem with bitcoin price drop but success raise up to higher price again.All crypto lovers also hope the same, big countries like China can accept bitcoin and legalize it because the US has started to accept bitcoin. These two big countries have always been the center of other countries but unfortunately until now China has not been able to accept bitcoin and prohibits its citizens from mining. If China accepts bitcoin and considers it legal, we will likely see the price of bitcoin soar, because most crypto lovers are also from China.
I think most influence country around the world after United State is China, I can't believing how positive impact later if bitcoin really welcome and legal in China.
If the Chinese government is elegant Bitcoin, the possibility of Bitcoin prices will rise and Crypto's population will be even higher because of the chinan of one of the countries with the best economy. The US has received Bitcoin, we just have to wait for Chinan to legalize it?
We do have high stakes when it comes to predicting bitcoin adoption rates by these massive countries particularly China since they have authoritative control over worldwide trends. The US support has a positive signal to the crypto market, however, there is a large potential that can be reached if China will follow the example. If this ban is lifted, we can likely observe a massive increase in the value of bitcoin since the crypto community in China is very active.
China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.
One of the biggest reasons why China really mattered a lot in the cryptocurrency and mining industries is because we know that before the eventual ban in 2021 the crypto market in China is really huge, mostly due to the fact that it got billion of people in there and even if just 10% of them will be into crypto that is really an immense market to begin with and can probably be the biggest in the world. Then it was a sad day when the government decided to have nothing to do anymore with crypto and mining, sending the business to other countries and some players hiding their activities using stealth technologies in order not to be caught by the minions of Chinese government. I could not imagine how big is the crypto market if China decided to just regulate the whole thing and not pushed a ban blanket for the general population. With this scenario, what if China all of a sudden announce that it is opening the China market for crypto albeit in a very strict regulatory environment? Of course, there can be a bull run which we have never seen before, even much better than all of the ETFs and halving events combined. Of course, this is just prediction and no one needs to believe on me.
China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.I think, The measures used by china in addressing the crypto market are very strategic. There are clear indications to the effect that while economic activities are officially barred, economic considerations remain paramount including the ability to discern a massive value proposition in Bitcoin.
In my personal opinion, from the very start, China doesn't hate Bitcoin or cryptocurrency; it's just their strategy to pretend they don't like them. Yes, they are banning, but do we know that if they can do that, there will be a downfall in the crypto market, and when that happens, they can secretly invest potential cryptos in the market and Bitcoin a huge amount in them?
Especially with the bull run approaching again, it is not surprising that they will suddenly be open to Bitcoin or cryptocurrency.
After this situation in the market, the value of Bitcoin is still low, which is still an opportunity for us to buy as if there is a discount on Bitcoin. Of course, if you know for sure that you will get money, then for sure you will welcome Bitcoin or crypto because you are sure and you see that there is a 100% good return on the capital that will be used here.
China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.
Big countries like China, Russia and the US must have considerations in the crypto world.China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.
Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.
The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.
Big countries like China, Russia and the US must have considerations in the crypto world.Of course, large countries like China, Russia, or the United States will surely be great actors in the global crypto space. Interestingly, much as China has prohibited the use of crypto, they will surely try to generate income from this industry, maybe even possess Bitcoin stock even if the legal use of crypto is prohibited. The modern center of crypto development is the United States, and if Donald Trump will return to power, he said that he would support the crypto sector and turn the USA into the crypto capital of the world. From our observations, it becomes clear that large countries in the crypto space will maintain intense competition, and this will significantly affect the global crypto landscape.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.
Big countries like China, Russia and the US must have considerations in the crypto world.China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.
Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.
The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.
Big countries like China, Russia and the US must have considerations in the crypto world.Of course, large countries like China, Russia, or the United States will surely be great actors in the global crypto space. Interestingly, much as China has prohibited the use of crypto, they will surely try to generate income from this industry, maybe even possess Bitcoin stock even if the legal use of crypto is prohibited. The modern center of crypto development is the United States, and if Donald Trump will return to power, he said that he would support the crypto sector and turn the USA into the crypto capital of the world. From our observations, it becomes clear that large countries in the crypto space will maintain intense competition, and this will significantly affect the global crypto landscape.
Although China has banned crypto, they will not miss the opportunity to profit from crypto, as you said they may have bitcoin in their wallet even though the government has banned it.
While the US is currently the center of crypto, especially Donald Trump promised that if he wins this presidential election he will support crypto and make the US the center of crypto.
China can do anything for business interest. China has given lip service to banning Bitcoin but under the guise of banning, everyone has been busy buying Bitcoin at low prices. If it weren't for that, China wouldn't be the country with the second largest bitcoin miner. But what you assume will happen sooner or later. We will definitely see China allow Bitcoin in its country again. But it's tempting to assume that if China legalizes Bitcoin in its country, Bitcoin will be in a very good position that we'd be surprised to imagine.
Chinese are very smart with their investment. Despite their government ban on Bitcoin, I still believe many of them has Bitcoin and are still holding, they will never let the world progress and leave them behind, they wouldn't allow such to happen. The government has ban it but doesn't mean they will stop using their personal wallet.
The crypto is now center in the US, if Elon provide a safe place for the crypto industry, it will move and it went well, I'm very sure that China and Russia will do the same, if they don't the new political ambitions will use it to campaign just to win ti power.
Although China has banned crypto, they will not miss the opportunity to profit from crypto,
We should not care about what the Chinese government is doing because there are still many bear countries that have allowed bitcoin to exist in their countries and be used as an investment tool by their citizens. El Salvador is an example of a country that has accepted bitcoin as a payment method, so far it has been fine, Honestly I don't know how much tax is imposed there. but I appreciate El Salvador as a pioneer in accepting bitcoin as a payment method in their country.Although China has banned crypto, they will not miss the opportunity to profit from crypto,
Everyone keeps saying this..
Why can't people give one single example on how a major country has benefited from crypto?
Let's not talk about Salvador cause if a Salvadorian would have won the powerball it would have made them more in taxes than all their current bitcoin holdings, a major country that has benefited and how much from crypto!
How would China benefit from it, where is this money going to come from because it's pretty obvious it has to come from the other countries that buy the crypto from them to make a profit, don't you see something a country won't do in this case?
This shows that more people are embracing bitcoins as a financial instrument of investment the same as having a community value. I have a positive outlook watching the number of countries that are now opening a space to allow for the growth ofendent crypto.We should not care about what the Chinese government is doing because there are still many bear countries that have allowed bitcoin to exist in their countries and be used as an investment tool by their citizens. El Salvador is an example of a country that has accepted bitcoin as a payment method, so far it has been fine, Honestly I don't know how much tax is imposed there. but I appreciate El Salvador as a pioneer in accepting bitcoin as a payment method in their country.Although China has banned crypto, they will not miss the opportunity to profit from crypto,
Everyone keeps saying this..
Why can't people give one single example on how a major country has benefited from crypto?
Let's not talk about Salvador cause if a Salvadorian would have won the powerball it would have made them more in taxes than all their current bitcoin holdings, a major country that has benefited and how much from crypto!
How would China benefit from it, where is this money going to come from because it's pretty obvious it has to come from the other countries that buy the crypto from them to make a profit, don't you see something a country won't do in this case?
We should not care about what the Chinese government is doing because there are still many bear countries that have allowed bitcoin to exist in their countries and be used as an investment tool by their citizens. El Salvador is an example of a country that has accepted bitcoin as a payment method, so far it has been fine, Honestly I don't know how much tax is imposed there. but I appreciate El Salvador as a pioneer in accepting bitcoin as a payment method in their country.I am interested in China stance on crypto because it is the second largest economy globally and it has been taking many actions that hint at a possible acceptance of crypto despite constantly accusing it of being risky and unsuitable for the Chinese market. I also understand that currently all eyes are on Trump specific actions after taking office next January, as the US still holds significant global influence.
I am also still curious about the Chinese government why it has not legalized crypto there. Even though as one of the countries with the largest economy, the Chinese government should have considerations like other large countries.We should not care about what the Chinese government is doing because there are still many bear countries that have allowed bitcoin to exist in their countries and be used as an investment tool by their citizens. El Salvador is an example of a country that has accepted bitcoin as a payment method, so far it has been fine, Honestly I don't know how much tax is imposed there. but I appreciate El Salvador as a pioneer in accepting bitcoin as a payment method in their country.I am interested in China stance on crypto because it is the second largest economy globally and it has been taking many actions that hint at a possible acceptance of crypto despite constantly accusing it of being risky and unsuitable for the Chinese market. I also understand that currently all eyes are on Trump specific actions after taking office next January, as the US still holds significant global influence.
El Salvador is a pioneering country in widely adopting BTC and they have gained specific benefits in investment and tourism. I believe China is aware of this and they want to achieve those benefits, the only thing stopping them from moving towards crypto is extreme doubt and caution, as they believe crypto could harm their absolute power.
I am also still curious about the Chinese government why it has not legalized crypto there. Even though as one of the countries with the largest economy, the Chinese government should have considerations like other large countries.Yeah, we will wait for China reaction next year. Right after Trump won the election, China printed money to support the economy because they knew something serious was coming and threatening their economy, possibly a trade war. The same thing will happen with the BTC strategy: I don't believe China will sit idly by and watch the US accumulate BTC.
Trump has had a big influence with his victory, making the price of bitcoin reach ATH at $ 93,434 according to CMC. We will see what Trump will do in his administration next year to the crypto world.
It seems like a country as big as China would have good considerations for Bitcoin and crypto. Because it is impossible for China to be left behind by its competitors because big countries have started to be active and allow crypto in their countries. But until today we have not seen the Chinese government support Bitcoin.
Yeah, we will wait for China reaction next year. Right after Trump won the election, China printed money to support the economy because they knew something serious was coming and threatening their economy, possibly a trade war. The same thing will happen with the BTC strategy: I don't believe China will sit idly by and watch the US accumulate BTC.
If the Chinese government wants to openly accumulate BTC on the market, they will have to accept BTC and crypto, then Chinese investors will be able to access and trade crypto as before. In the case where China only focuses on accumulating BTC through mining farms, they will also have to pass a law recognizing the role of BTC in the economy and making it worth accumulating for the national budget. In either case, BTC and crypto will receive a very positive impact!
It seems like a country as big as China would have good considerations for Bitcoin and crypto. Because it is impossible for China to be left behind by its competitors because big countries have started to be active and allow crypto in their countries. But until today we have not seen the Chinese government support Bitcoin.China naturally as one of the world’s economic power has its own plan to deal with the progress of crypto technology. While it may appear to some that the Chinese government has not embraced Bitcoin fully there is evidence they continually watch and assess the opportunities and threats. It is always important to bear in mind that these policies are developed in each country with intention to achieve economic stability, customers’ protection as well as to have control over new technologies.
China naturally as one of the world’s economic power has its own plan to deal with the progress of crypto technology. While it may appear to some that the Chinese government has not embraced Bitcoin fully there is evidence they continually watch and assess the opportunities and threats. It is always important to bear in mind that these policies are developed in each country with intention to achieve economic stability, customers’ protection as well as to have control over new technologies.Yeah, China has too large of an economy to risk with crypto, especially considering their social management style. They want a managed economy rather than a freely developing one, they don't want crypto to be allowed to exist outside of government direction.
However, if crypto is beneficial for their economic agenda, then China still has a free chance to be more assertive. More specifically for those of us concerned with these initiatives in the field it remains pertinent to follow the policies that are released as well as how actions of other nations in the adoption of cryptocurrencies can shape international decision making. This attitude we will be better prepared to address changes that may happen in future or arise out of new circumstances.