If China soon welcomes crypto: strong bullrun?

[MrSpasybo]

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.

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.

[Hisbullah]

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.

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.

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 China

[Azharul]

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.

[kulkhan]

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.

[MrSpasybo]

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 China

I 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.

[luckyledger]

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 China

I 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 think it's only a question of time and regulations. Eventually, it will happen in some form However the results for the global market may vary.

[doc]

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 China

I 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.

[luckyledger]

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 China

I 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.

Yeah, I doubt that with changes that may come in the future, the market will be shaken that much. Sure, a small correlation may come to fruition, but nothing that would change the grand scheme of things, in my opinion, of course.

[MrSpasybo]

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.

The ban on trading and mining BTC has also had a negative impact on BTC price and the entire crypto market, but only in the short term. BTC price continues to set new ATHs and the crypto market has grown to a level that could affect the outcome of US elections. If China accepts crypto, this market will grow faster, but if China continues to stay out of this trend, crypto will still continue to exist and develop.

[JoyMarsha]

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 China

I 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.

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 time

[LogitechMouse]

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 time

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.

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.

[MrSpasybo]

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.

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.

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.

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.

[satpol_PP]

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.

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.

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.

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.

[MrSpasybo]

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 ^^

[dekafee79]

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 ^^

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.
While the US has started to give crypto permission, US citizens can invest in crypto.