China - The epicenter of Bitcoin - Page 4 - Crypto World - CryptoTalk.Org Jump to content
Dmasked

China - The epicenter of Bitcoin

Recommended Posts

Yes i also trust on that fact.Most of the miners of cryptocurrency are from china and since being the largest country in terms of population there are a lot of cryptocurrency investors.

Almost every market are effected if china is effected from anything because china is mostly related to most of the business in the world.

In time of covid bitcoin and altcoin faced a lot of price drop and i think the reason may be the economic crisis in china. After normal condition in china now bitcoin price is stable and gradually increasing.

Share this post


Link to post
Share on other sites

I remember that the stock markets crashed, oil crashed and even gold price went lower and I have learned later that Bitcoin went down too. All at the same time. I don't think Bitcoin price had anything to do with China. I look at the power graph of Bitcoin hash power and it wasn't chagned. Bitcoin was not affected by corona and China can't do a lot. Maybe they can shut down the miners, then they will move to other countries.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Another point is that most mining companies are located in China, think about what would happen if those companies are forced to stop their activities. The price of bitcoin would also drop 

  • +1 1
  • +2 1

Share this post


Link to post
Share on other sites

China has no influence on Bitcoin, you should study more to understand that but it is a problem that too many miners are there but could they make a problem? It will be temporary and not nothing that will make a lot of damage. Bitcoin will survive anything.

  • +3 1

Share this post


Link to post
Share on other sites

I think that in times of crisis some see problems and others see OPPORTUNITIES, that is to say they saw the opportunity to buy cheap BITCOIN wait and sell CARO, feeds that were only intelligent investors and knew that this one was going to rise. 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

China is one of the active countries that handles more money in cryptocurrencies, bitcoin had its origin there, in addition to the fact that China is one of the countries that makes the price of bitcoin more affected, without a doubt world powers such as China and the United States are the epicenter of bitcoin

Share this post


Link to post
Share on other sites

China has a great impact on the world economy and also has an impact on cryptocurrencies. The largest trading platforms are based in China or Hong Kong, and many Chinese use cryptocurrencies in their business, but I do not think that Bitcoin is centered in China, and no one knows where the bitcoin is As for the reason for the rise in the price of bitcoin after it fell during the Corona crisis, there are other reasons that are not related to China

Share this post


Link to post
Share on other sites

China was always ahead in many things, and something like this was to be expected, its cryptocurrencies perform well in the market, I have realized that

Share this post


Link to post
Share on other sites

China is a great economic center and also a center for the spread of the coronavirus, its great economic and financial power is felt in the world and as a center of power influences the behavior of bitcoin and cryptocurrencies, the struggle of this economic giant is on the ground Little by little, the economy is expanding its networks to developing countries in its fight against the United States. The Chinese economy and its pandemic have affected the world economy causing it to reduce its growth expectations.

Share this post


Link to post
Share on other sites

Yes, I think China is the center of Bitcoin, but this China was moving towards economic development, but because of this coronavirus, there have been many economic crises in China.  I hope that in a few days they will be able to overcome the economic crisis and improve their economic infrastructure by earning a lot of money.  This is my idea because they can make their economy stronger by earning bitcoin

Share this post


Link to post
Share on other sites

China I am read they are have a lot of miner close to 60% of the bitcoin miners. This is a very much and as in all the industry china want to be the number one. I am not see a problem with it for right now but I am hope that the China govremnent will not be try to abuse any of these and make Bitcoin look bad.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

I am sorry but this is not true. China does not control Bitcoin. The hash rate genereated in China might be more than half of the total hashrate but this happens for many reasons as low cost of electricity and the china being more than one billion population. They were early in bitcoin and mining is profitable there but this changes and is not mean it controls anything.

  • +2 1

Share this post


Link to post
Share on other sites

China is expanding rapidly in every sector of the economy and industries. They are becoming the power that will match the united states but it will be after ten years perhaps that they will reach this much. About bitcoin they are also having the most miners and the most power of the network but this is not a danger for Bitcoin right now. It will be extremely difficult for miners to collude and bring the network down. This can happen but there will be a hard fork immediately that will exclude these miners then. So china has no power over Bitcoin.

  • +2 1

Share this post


Link to post
Share on other sites

Well, I agree with you that China has a great influence on Bitcoin and that is a natural thing. In one of the reports that I read, 50-70% of the mining power comes from China, but I do not agree with you that this makes Bitcoin central and totally linked to China, because Any country in the world is able to mine Bitcoin provided the appropriate conditions are secured, and perhaps in the future we will see countries surpassing China in this field.

  • Useful or interesting 1
  • +3 1

Share this post


Link to post
Share on other sites

Yes, I agree with you, as you said, more than half of the bitcoin miners are in China.
And this extraction makes China the center of bitcoin.
But I'm not sure if it can affect the price of bitcoin because bitcoin price fluctuations depend on many reasons.

  • +3 1

Share this post


Link to post
Share on other sites
On 10/16/2020 at 2:22 PM, shervin77 said:

Yes, I agree with you, as you said, more than half of the bitcoin miners are in China.
And this extraction makes China the center of bitcoin.
But I'm not sure if it can affect the price of bitcoin because bitcoin price fluctuations depend on many reasons.

But at that time it was obvious that it was the pandemic that cause the price of bitcoin to fall massively and as the issue started at china and is when the price started to drop, when china settled from the virus issue even though the rest of the world was suffering, the prices started to rise again.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

It is ironic that China includes a huge number of miners, traders and those interested in the cryptocurrency market, and at the same time it is enacting laws that prohibit these trades or the use of cryptocurrencies in them. But, as a whole, it and the world at large will be pleased in the direction of accepting cryptocurrencies, blockchain and its applications, and it is only a matter of time.

  • +2 1

Share this post


Link to post
Share on other sites

China must understand by now that they can't ban Bitcoin. They have been trying for years and they have been proven ineficient. It is the epicenter of mining Bitcoin because of the low cost of production in the country and the development of equipment from factories but it is also still has big trading population. China wants to crack down on criminals laundering money but banning Bitcoin was incorrect. Allowing excahnges and monitoring would have been better.

  • +1 2
  • +4 1

Share this post


Link to post
Share on other sites

We all know that china is on top in population and people use cryptocurrencies in this country so it can be happened. Because China is a big country.

Share this post


Link to post
Share on other sites

I don't agree with you, I saw a drop in bitcoin prices last March, even though the virus was already in China from December to January. In early January it was the start of bitcoin bulls, then continued to rise until March, when the Bitcoin price fell slightly as the coronavirus spread around the world. Then after that the price of bitcoin continues to rise until now. I don't know what has affected the bitcoin price this year, which is clear in my opinion that the increase and decrease in prices are not affected by the virus in China.

  • +1 1

Share this post


Link to post
Share on other sites

Yes you are right but in my opinion connecting totally BTC with china is not right but we can say that china has a large number of miner and china has also a good hold on other things of world market . And when china suffer through the situation the all world market affected. This is only my opinion.

  • +1 1

Share this post


Link to post
Share on other sites

I share what they say, it is true when China began to recover its economy, Bitcoin began to grow I do not know what is the reason but it is very encouraging for cryptocurrencies that countries like China that are powers bet on BTC.

  • +1 1

Share this post


Link to post
Share on other sites

This shows that the prices of cryptocurrencies not only depend on supply and demand but that there are other factors that are also part of the protagonism in the process. Other events that have arisen in the last quarter of this year in China is the appearance of a series of regulations and even prohibitions on the use of crypto and this has led to many of the mining companies established in China and many other corporations are studying the possibility of permanently moving from the Asian country. A fact that will also very soon affect the price of digital assets.

  • +1 1

Always act with conscience and a sense of camaraderie and every time you make a post, stop for a moment and review in detail the posts of other members around you, so that you can give your respective reaction. :classic_wink:

Share this post


Link to post
Share on other sites

There is no doubt that China plays a major role in Bitcoin's market, after all this country accounts for about 80 % of all mined Bitcoins. It'd be interesting to see whether this remains true as China launches its CBDC and it gets strong over the time. Whether China's influence on Bitcoin will reduce or there won't be changes at all?

  • +1 1

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Также Аркхам и не только они, а очень много проектов не хило выстрелили именно из-за поддержки Бинанса и тут скорее всего будет тоже самое. А вот сможем ли мы попасть в тот список счастливчиков, пока что непонятно, хотя нужно дойти до минимального рубежа - 6-ой уровень.
    • Может быть и получат, а может будет совсем по другому, то есть по нынешней классике - раздавать в основном пользователям из топа рейтинга, а обычные пользователи могут оказаться за бортом, хотя актив был.
    • Да уж тем более, когда количество таких прое становится всё больше и больше и как-то нам не везёт в этом плане. Где большая часть профита в направлении заработка на дропах для обычных пользователей зависит от удачи, увы не от их активных действий 
    • Главный инвестиционный директор Bitwise Мэтью Хоуган заявил, что институциональные инвесторы, вложат в биткойн до 1 триллиона долларов через биржевые фонды (ETF), поскольку они постепенно переходят в криптовалюту. В записке, разосланной инвестиционным экспертам, Хоуган выразил обеспокоенность по поводу волатильности цен на биткойн. Поскольку актив колеблется от 60 до 70 тысяч долларов, генеральный директор считает, что лучшая стратегия — «сохранять спокойствие и смотреть в будущее».   Несмотря на краткосрочные колебания, Хоуган выделил несколько ключевых предстоящих событий. К ним относятся халвинг и потенциальное одобрение спотовых биткойн-ETF такими крупными платформами, как Morgan Stanley или Wells Fargo . Хоуган подчеркнул, что текущие процессы комплексной проверки, проводимые инвестиционными комитетами и консультантами, являются важным шагом перед совершением инвестиций в биткойны. Он упомянул, что в ожидании этих событий цена Биткойна может испытать боковое движение в ответ на незначительные изменения настроений. Тем не менее, Хоуган с оптимизмом смотрит на будущее Биткойна, ссылаясь на устойчивый бычий рынок с ростом почти на 300% за последние 15 месяцев и веские причины для дальнейшего роста.   Январское одобрение спотовых биткойн-ETF значительно открыло рынок криптовалют для профессионалов в области инвестиций. Хоуган считает, что это знаменует собой начало интереса со стороны профессионалов, управляющих триллионами долларов, и этот процесс займет годы. Он также подчеркнул приток $12 миллиардов в ETF с момента их запуска, назвав это самым успешным дебютом ETF. Тем не менее, он ожидает, что глобальные управляющие активами, выделяющие всего 1% своих портфелей в биткойны, могут привести к притоку в 1 триллион долларов, в результате чего первоначальные 12 миллиардов долларов кажутся минимальными инвестициями. Ранее в марте Хоуган предположил, что спотовые ETF Ethereum могут привлечь больше активов, если будут запущены после мая. Учитывая более осторожный прогноз относительно майского дебюта, он предположил , что декабрьский запуск может быть более выгодным. Задержка даст Уолл-стрит и традиционному финансовому сектору больше времени для понимания сложностей криптовалюты, особенно Биткойна. По оценкам Хогана, Уолл-стрит потребуется от восьми до девяти месяцев, чтобы приспособиться к биткойнам, прежде чем рассматривать новый ETF.
    • Hello, friends, I wanted to alert you all about my recent experience with an airdrop group named @Airdrop_Fam. Initially, everything seemed legitimate. They requested an advance payment for their services, which I thought was standard procedure. However, the situation took a turn for the worse when they began demanding additional funds to publish a post. When I resisted their sudden and unexpected demand, communication came to an abrupt halt; they completely ignored my messages. The person behind this scheme is the admin of the group, known as @Airdrop_FAM_Admin. At first, this individual appears cooperative and friendly, but don't be deceived – it's all a facade to extort more money from you. Please, I urge everyone to be cautious and steer clear of @Airdrop_Fam. The group is a sham, filled with no genuine participants. The admin is a charlatan through and through. Don't let yourself be their next victim! Stay safe and always do thorough research before engaging with such groups
    • Як не крути, держава всеодно захоче накласти лапу на вашу діяльність, це просто покищо питання часу!
    • Снижение комиссий и увеличение прибыли: Как Bitmore изменяет игру Высокие банковские комиссии давно являются проблемой для многих предпринимателей. В Bitmore мы стремимся к минимизации ваших расходов на финансовые операции. Убедитесь лично, воспользуйтесь услугами перевода денег между странами, или оплаты счетов.
    • Lower fees and higher profits: How Bitmore is changing the game High bank fees have long been a problem for many entrepreneurs. At Bitmore, we're committed to minimizing your financial transaction costs. See for yourself, use our cross-country money transfer or bill payment services.
    • Обмен в несколько кликов!!! О нас: Сервис на рынке появился  недавно, но наша команда с опытом в сфере обменов больше 5-ти лет, готова предоставить клиенту максимально быстрый и качественный обмен. Наши операторы консультируют клиента на всех этапах сделки. Возможны быстрые обмены с Банковских карт, QIWI, Юмани на Bitcoin, Ethereum, Tether, LiteCoin и другие криптовалюты и обратно. Так же предусмотрена работа с обменами вида Криптовалюта-Криптовалюта. Для клиентов предусмотрено: - Выгодные условия для обмена; - Реферальная программа ; - Программа лояльности для новых клиентов  Оставляйте заявки, обращайтесь в чат и совершайте обмены на выгодных условиях! На данном этапе время работы обменного сервиса с 10:00 до 22:00 по МСК. Наши контакты: eMail: https://admin@ebucks.fi  - для сотрудничества https://support@ebucks.fi   - поддержка, вопросы по обменам Telegram: https://t.me/ebuckssup (@ebuckssup) добавляйтесь только по ссылке. Возможны дубли мошенников. Чат на сайте: https://ebucks.fi/ru
    • Актуальные курсы на 29.03   🇵🇱 ВАРШАВА 🇵🇱   Покупаем Ваш Tether (USDT).   💸Доплатим Вам 0.7 за $. 🏦Выдадим наличный $, €, PLN. 🏢Центр, свой офис, личная встреча, без предоплат. ♻️Денежные переводы по всему миру! 🌍 💰Работаем с любыми объёмами.   За деталями - пишите Менеджеру 🧑‍💻👉 в телеграм  @PLsmartgroupp
×
×
  • Create New...