Bitcoin Forum

President Xi Jinping in his Thursday speech said, Blockchain is vital for China’s future. Following this statement, the Chinese tech share prices surged.

Read here: https://coinpedia.org/news/xis-accelerated-blockchain-adoption-pumps-chinese-shares/

With his speech statement about blockchain affecting the price of bitcoin this can be called good news too and this will affect the entire crypto market to be positive, some even say if China says this then bitcoin will be quite stable in the future.

I am glad to hear that and I hope that this is not just a statement or plan, but there must be concrete action taken by the China Government towards the crypto industry. If that happens, it is very likely that China will become the center of the world's crypto industry.

What I don't like with his speech is that he is subliminally telling the world that they want to control blockchain developments and be the authority in it, meaning that almost everything needs to go first with them before they get passed and be used by anyone else. While Xi's intentions are good and actually helpful, I still don't see this as 100% better for the whole crypto community. Knowing how power hungry China has become, this could go downhill really quick.

This news happened a few days ago and provides many advantages in price, because after this news was launched the price of bitcoin and most of the altcoin pump in market. I think China is indeed a country that can make crypto grow for the price, because there is a lot of good news that gives advantages and disadvantages when there is bad news.

of course it is good news that the Chinese president supports the blockchain after banning bitcoin beforehand, What's more, China is one of the biggest crypto miners so it has a big impact on the price of crypto.

It became the trigger for the every cryptocurrency to increase their prices. China announced that they will focus on the improvement of blockchain, they seem to have a plan and already have in mind how they can maximize the usage of blockchain technology.

many thought that the bitcoin pump recently because of his speech yesterday. and I think that's true, because China has influence in the world and it is normal if the statement of its leader can influence the market. Despite all that, I'm optimistic that in the future China will become a crypto-friendly country like Japan and Korea.

This is very hot news as well as good news for the world of blockchain. It is undeniable that some time the news was circulating, the price of bitcoin rose by 20-30%. It is inevitable that blockchain is very useful for human life for the creation of fair information in any aspect, and the evidence is easier to trace. Does China really want to dominate the world economy? We will see in November how the performance and effects of DCEP.

Xi Jinping is a great leader after all he has a great vision for China, if this materialized, China will cover a lot of territories, and they will maintain and will have a stronghold in their position as the number one power in e-commerce, it has become China Coin against Facebook coin and this will benefit the community in general.

A huge impact on the rise of bitcoin due to the statement of the president of china a few days ago at a Blockchain conference, with a meeting like that to, indicate that China has been obsessed with Blockchain technology developers in their economic and financial systems, I think the statement is to support the Chinese plan to issue their digital currency and of course to develop the digital currency, the Chinese government must immediately grow people's interest to adopt the Blockchain system in their current economy.

China does have many effects on crypto because the biggest dominance is there. when there is good news the crypto market is starting to grow and I hope that for the next few years China makes many good contributions to the market so that the potential price is greater than it is today

The president said blockchain and people are interpret the president's intention to bitcoin.
even though blockchain is not only bitcoin and blockchain is a system not a currency, the crypto media make it big and make people buy bitcoin that made the price pumped.
But this is a great news for crypto world and also for blockchain developers. Hope the crypto world will be brighter in the future

There is already a full and long bandwagon because of this. There is widespread effect because of the pronouncements of the president. A lot of chinese businessmen are joining the crowd and buy Bitcoin and other cryptocurrencies, especially chinese projects. The prices are surging high because of this. I hope this will be sustainable though. It might be short-lived because the basis is a simple announcement of support for blockchain and not cryptocurrency itself.

Let me add some spices. The china based mining giant Conaan creative has prominent global explantion plan. They already have filed IPO with U.S securities and exchange commision and if they do successfully then Conaan will be first ever china based farm to be opened publicly in US market.

This is the type of news expected to heighten the level of mass adoption. All countries should adopt this technology, because of a truth, it will enhance or bring about rapid development.
I believe China would have done their research, before coming to this conclusion.

Given what kind of relations between the US and China are now, all such statements in favor of cryptocurrency from China can be a trivial political manipulation.

It makes me think so that China can say anything in order to provoke the USA to certain retaliatory actions that are so beneficial to China in a trade war with the USA. As far as we know, Donald Trump spoke out against cryptocurrency and bitcoin in particular.

What is China doing in response? Supports bitcoin and cryptocurrencies. Now the United States will either have to accept the rules of the game imposed by China and take steps towards the development of cryptocurrency in its own country, or continue its line of rejection of crypto.

This is one of the most important news in recent times. Yes, indeed, the shares of many Chinese blockchain companies rose by 10%. Shares of companies such as Feitian Technologies, Yusys Technologies and others demonstrated growth. But the most important indicator is the increase in the price of bitcoin by 40% over the past weekend. We're probably heading in the right direction.

This might be some sort of market manipulation. As we know, China is big and it can manage to dump the price of bitcoin just like they did last 2017. If I remember it correctly, they created a FUD in bitcoin and it goes down and then they retrieve what they said and then the price goes up again.

I do not think that is the point of the speech when he said that, authority I think means they will be the most influencial and their the one being copied by other country in terms of blockchain development.   Meaning, countries will go to them to know more about blockchain technology and its development.


I think he wants to challenge Bitcoin adoption with regards to his statement, so yes his declaration is actually not Bitcoin friendly in my point of view at least.

He's only talking about how blockchain is vital though not the cryptocurrency however if China said that isn't it confirmed that the efficiency and benefits that blockchain could bring is actually not just some bullshit but a real thing? Maybe china has found its way into taking advantage of the blockchain technology and made them speak that way.
This thing just making me kind of curious about how is the overall progress of blockchain research around the world. it is said that many big corporate are taking interest to blockchain system since 2018.

I don't think it's only China that will affect the crypto market later. Maybe China is only a battering ram for other countries that are still hesitant to use blockchain technology. If China succeeds with its own blockchain, other countries will automatically follow. That way the world of crypto must be crowded and even glance at the laity.

thats mean china's president knew if blockchain is a future technology
and china's want to be a part from the beginning,,
but this will bring more positive impact on cryptocurrency especially bitcoin
regards

I think this is very good news for the cryptocurrency market and the entire crypto community. Since most of the mining equipment is located in China, China may well influence the movement of the crypto market. On the other hand, we have already seen in practice how certain news works in the direction of cryptocurrencies. Therefore, I think that it is necessary to monitor the further movement of the crypto market. Now it’s a very real opportunity to see a good BTC pump for the new year.

This news announced some days ago, you should change your news portal to get early update

after this news announced, bitcoin price increased >20% in a day! it is one of big pump in this year

besides that, many altcoins from chine increased too not long from this news announced, i feel excited to look forward

Just bring the hype because blockchain is always related to cryptos but china is not going to implement cryptos into their government it seems.
Why china is trying to use blockchain for some reasons it's kinda beneficial if implemented to every sectors. there are many of big companies out there trying to implement blockchain and testing its benefits too but I've never heard the news until now maybe the research is still in progress.
However the massive impact by china's speech regarding blockchain kinda reflects that the biggest fear cryptos facing is china's movement against cryptos.

There are several things that need to be underlined in addressing the statement from the Chinese president.
Indeed, at this time the statement supports the existence of a new blockchain and crypto policy in China and this is very influential on the global crypto market.
However, if they really want to make their own coins and control the blockchain, will it actually have a negative effect on other coins? Will China really be welcome to all cryptocurrencies?

The movement of the Chinese Government in the economic field is always overseen by investors and this is because China has become one of the countries with the largest economy in the world. By adopting blockchain technology, I think China will be one step ahead of other economies and maybe in the adoption of cryptocurrency

That’s why the US needs Andrew Yang for President.  President Blockchain!! He knows this technology far greater than Xi or Trump.  #YangGang #Yang2020

We have been saying this for years, but no one shared about us. lol

China is one of the governments that economy has been rising, and if they do not want to limit this increase, they should choose the best. The important issue that interests me is mass adoption, it is progressing well, there is no longer anyone who has not heard about cryptocurrency after the latest news.

This will have profound effect on the crypto markets, as 1.5 Billion people look to this market en mass.  I think it is very important to keep an eye on this.

I was surprised that the Chinese president only talked about the development of blockchain technology, but also caused the price of bitcoin to increase by 40%, even crazier that the coins were of Chinese origin, they increased by 100%. after one day. That is definitely a price manipulation

China's announcement is very timely because the Facebook coin is about to launch and he wants China to maintain their e-commerce supremacy and by launching their own token they can do that, This China backed coin will be borderless because they have ventured in various countries.

Blockchain technology has now become a sophisticated technology that can be used by every country to safeguard the country's important data. Even the bank too already glance at this great technology, it's likely they will also adopt Blockchain technology in banking. China is a country that will adopt Cryptocurrency in their country.

I think this performance may be a new wave of hype around cryptocurrencies. If China begins to be actively interested in cryptocurrency, this could lead to market growth.

That's the point, Chinese government is only concerned about blockchain technology and not crypto, probably because they've seen the essence in some fields/sectors. Well it's still a positive update to all crypto enthusiasts since at least the underlying technology is gaining more traction.