Bitcoin Forum

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

Asia is very important for cryptocurrencies. Asia is also the center of the 21st century world. Many countries will rise, and China, India and Japan are very strong. The rise of cryptocurrencies is inseparable from them. The strange thing is that Japan fully accepts cryptocurrency, India's neutral cryptocurrency, and China bans cryptocurrency.

I can say that India wont be helping crypto currencies much despite the fact that they have huge potential of population who can accept the crypto currencies and bring the crypto to next level. The reason is, India is already facing big time trouble over the use of crypto currencies. The reserve bank of India is already against the use of it and thus no one can really use it freely as anyone found using the crypto currency and withdrawing the crypto to fiat in their bank account will have to face the bank account ceasing situation.
So I am sure India wont be making any contribution in the crypto currencies.

Asia is the most populous continent in the world, 60% of the world's population lives in Asia alone. Now you can imagine How deeply the Asian county will impact the cryptocurrency market.

Every part of the world is important, Asia is compose of big countries and crypto is developing in Asia.
The adoption will just continue and no one can stop it, right now there are countries who prohibits the use of crypto but in the long run
they will see the power of crypto and it will lead them no choice but to adopt.

There are many crypto users who come from these two countries and currently there are many projects that come from or have just started the ico. Some projects from China are also successful and can reach the top 100 coins, so this is a good achievement. The people there are also very active and contribute greatly to the development of crypto.

according to population India and china both are one of the biggest market place for every industry. not only crypto currency but i think every industry wants big market place like india and china..

but i think india will take take much time to regulate crypto currency sure it will impact on the price of crypto currency whenever govt will regulate it

China has the cheapest hardware and electricity, so all the major miners are located there. If Chinese data-centers switch the power off, the whole cryptocurrency market will suffer.

With India, I don't think it will have the big influences to the cryptocurrency market because India's economy is not so good but China is a different story. Actually, Chinese investors in this market is pretty much and Chinese's economy is really strong. If Chinese goverment approves and accept to open with crytocurrency, there will be the very big capital which be pumped into market

Even though Asian continent people were abundant they were not much educated for the crypto currency daily but China is already moving towards cashless economy which strongly opposing the bitcoin so they have much impact on the adoption rate if their government can regulate the crypto usage and encourage the people to use it then it will be very good for the cryptos future.

I can say that China will give a huge impact on Cryptocurrency market. Last year, we heard that a lot of news regarding the Chinese government will ban Bitcoin.
That news gives a big impact to the crypto market until today.

China and India's thoughts on crypto currencies are very important. At the moment these countries have very bad attitude. I hope these two countries change their decisions.

If people are educated enough in those countries then they are really can cause an impact. Positive and Negative impact. Positive if they actually use the technology and Negative if they find it not easy to use and if they experience bad from it.

I'd also add South Korea as a very important country in terms of trading. South Korea is rather strict with cryptocurrencies (especially with ICOs), but willing to rethink its policy and is projected to become a very crypto-friendly country in the future. China is/was a major center of mining, but the current policy is very unfriendly, of course. Anyway, as for the main question, Asia used to have great impact on the market and a big part of the market's crush is due to various Asian news on bans and regulations. However, as for now the market is low but stable, I don't think that any country or region can make much difference. And let's hope it stays this way.

I think china is the only asian country which decleared banned cryptocurrencies so it just a little percentage of the crypto users and it doesn't affect cryptocurrencies price and popularity  .

China and India aren't exactly considered technologically advanced countries so their reaction to cryptocurrencies shouldn't affect the whole ecosystem that much. on the other hand when a technologically advanced country such as Japan, US,... show a certain reaction to cryptocurrencies, that can have great impact on it. for example we saw last year Japan adopted bitcoin and the price shoot up to the moon.

Actually, every country if their government adopts cryptocurrency as a payment system or is included in commodity it will affect cryptocurrency prices, each coin or token price will increase because many investors from that country will be interested in investing, usually if a country has adopted cryptocurrency the government will provide convenience in preventing various frauds. China and India have a large population so as if their government accepts the cryptocurrency then it isn't impossible many new investors will emerge, there will even be an ICO project to make it easier for every user to use in their daily lives, especially for a payment system.

The deepest. Asian countries are and will be the main players on crypto market. They are the engines and forwrding ahead even market is in stagnation.

With it's population i think it could make an impact in terms of popularity and they will make some sort of advertisers of cryptocurrency. Though for now it is regulated to those countries but still they find ways on how to engage themselves in cryptocurrency.

Good day, I live in the Philippines, one of the Asian countries and I would say our banks are already into xrp at present. They havent publicly announced that but they are seen on XRP events. We have our own cryptocurrency too, Pesobit now known as TOA. There's still a few more alts. I can say that Filipinos embrace cryptocurrency. Hope this will continue and more people will join cryptocurrency and know about its benefits and advantages.

In Asia, a lot of people, they can significantly affect any field of activity, and a lot of people know about cryptocurrencies, I think it is very important to develop Asian markets for projects.

although asian country could pass statute on sanctions or regulate crypto.
they could never control crypto, and typically speaking big countries within asia contributes a lot in crypto.
it cant impact the crypto itself, but on strict regulations i think crypto could fall. if it will loose the support from asian countries

Asian countries have a huge potentiality of impacting the crypto market. Japan has already accepted the currency, where India is neutral about it and China has banned it. And the vast population of Asia is another point that can impact the market.

The moment there is a clear direction on the position of government as regard cryptocurrency, there will be immediate impact on cryptocurrency positively or negatively. China and India have the population and manpower to push cryptocurrency to it's next level!

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When it comes about crypto, asian countries are the leaders. When it comes to total mining, more than 50% of hashes of almost every mineable currencies are still (at current time) mined in China. Most of the newer successful ICOs are either based on asian countries or has the largest investors from.
More than 50% of total trading volume originates in East Asia based exchanges. East Asia is all into crypto than anywhere else.

Asian countries play a vital role in the expansion of crypto market due to their huge population. Not all countries has a positive view about crypto currency. But the situation is about to change and will have a huge impact.

China does have a huge amount of people included in cryptocurrencies as most of them mine cryptocurrencies.
Although it is mining is now banned in China but yet there would be many still continuing it underground  :P
India and China together have many people involved with crypto but then due to the regulations there aren't much they could do about it.

Many people doesnt necesarily have a big resources just see if in china mining is banned then IM sure that the mining activities will decrease drastically and affect them like a lot
different with other rich country like japan or korea where the citizen's wealth is enough to give impact to the market

Which Asian Country? But I guess that Japan would make a great deal about cryptocurrencies since they are the ones that are more improving about new technologies.

These countries affect the price of coins. The price of coins quickly begins to fall if in these countries there is news about the strict regulation of cryptocurrencies.

Asian countries are contributing large amount of bitcoin transactions daily,and its not like india and china but almost whole asia.though there are some countries that has policies about cryptocurrency but the majority supports this technology currency.and talking about the impact i guess its obvious that we are a big part of the circulation process

Asia is very important for global crypto adoption. Not all the Asian countries support cryptocurrencies equally.
Blockchain  and cryptocurrency jobs are increasingly appealing to job seekers from more conventional sectors in Asia
If job postings are any indication, that trend is going to grow. The new technology is unstoppable in Asia like worldwide.

in my opinion the impact of crypto, even for small countries can have a good impact on its development. Moreover, China, I think it can have a good impact if the Chinese government considers crypto to be a positive thing, but it can also have a bad impact if the government assesses that crypto is an unnatural thing

Actually more and more Asian project are successful and there are more and more Asian that support and know more of crypto and it can be more and the population of Asian is so huge.

I think that over the years the cryptocurrency will get stronger. And very few people can influence it. So what is the matter of time. Already the cryptocurrency market is occupied by a rating position all over the world. And even there will only grow in popularity and demand.

China is the first economy in the world. And if most of the projects will be sent to the Chinese market there will be a big increase in coins. India is not yet ready to accept a crypt. Yes, social projects can be. But in fact, there are many who do not know how to use even a smartphone.

The Chinese market is very interesting. But as we know China is a closed country, and whether they will open up the blockchain opportunities for us

IMO, all countries are important to crypto. China and India are two countries with huge population in Asia, there will be certainly impact to crypto. India is a growing country, we cannot overlook its potential.

They will have a major impact if they are going to start rolling around crypto's again if its for China.

A massive adoption means there will be a massive demand which is going to be good for the market. This applies not only in Asian countries for the whole world that will soon going to start adopting crypto's.

As long as he has influence, I believe. But the stronger the cryptocurrency becomes over time. The more it will have popularity and its audience. And over time, it is possible that the cryptocurrency will not be influenced.

I think it will have an insane amount of difference to make with those countries. For example, they combine make up over 30% of the worlds population, if you put that into perspective if they can bring in billions of dollars with the population that would be insane for bitcoin.

However, you are missing one vital problem, even tho the people there are outnumbering many in other countries they are not as rich as many other European countries and not USA, which means even tho there are a lot of rich people there the number of average joe getting into crypto is a lot harder for them. As Asia will have more than half of world population, we can expect heavy impact into crypto world but that is purely based on their government's states and not definitely by their crypto community.

Since Asia has the largest population in the world, Asia greatly affects cryptocurrency especially in the investment fields. If the government allows cryptocurrency to become legal in countries that has a large population, it could affect the price of bitcoin or altcoins.

Asians I believe a very strong influence on the cryptocurrency market, firstly because of the large number of people, and secondly we know how to quickly fill the shelves of stores of goods in the Asian region. Nothing prevents them from creating a huge number of projects and even capture the entire cryptocurrency market your projects and money, who are mainly from Asian countries.

I think that without China the ATH we had last year could not have happened, or at least it would have been far from that level.

We talk here about huge number of individuals, we talk here about places in the world where there's plenty of dirty money that should be concealed (what, did you think that all the money in crypto is nice and legit?), we talk about many possible entrepreneurs that could add value to crypto world.

So yes, I do think that their impact could be significant.

I would not try to expect a lot from CHINA as long as PBOC still ban crypto to be traded on china. This just like if you are putting all of your hopes to the SEC to be approved by SEC. they have a very strict regulation and it always becomes the main problem.

hi. i think it has a lot of influence already, many users can be spotted from there. besides, come of their companies are adopting blockchain technology and they can afford inviting brains from abroad

The size of the cryptocurrency trading market in India is estimated at 5 million traders. India seems to be next in line to legalising Bitcoin, now that the government has agreed to regulate Bitcoin. The Indian government has agreed that regulating Bitcoin could be beneficial and is currently creating the laws to do so. The Reserve Bank of India is also considering using the blockchain technology in banking. The committee will not only examine the present scenario of crypto currencies in India and around the globe, but will also suggest measures and means to deal with consumer protection, education and money laundering.

And for fact if every person in india Buy $1000 (0.15BTC) worth of bitcoin then according to current supply of bitcoin the price of bitcoin will be $141500.


Total Population of india: 1330000000
Current Supply of bitcoin: 17,342,400 BTC
Current Market Value: $112,398,254,527

So {(1330000000*$1000)+$112,398,254,527)/17,342,400 BTC}= $141500 Per 1 BTC

Its Just India, China is still not counted yet.

To be honest the two countries would have the effect if they were in the market already. Both of them are already out of the race and are not making any good progress. The India itself having worst days of their economics and most of the regulations are going against the crypto currencies. There cant even exist a bitcoin ATM in India so how can anyone expect them to contribute to the blockchain anyways. China, as of now we already know they are also having stringent regulations for using the bitcoin and its almost impossible for these countries to make an open trade of crypto currencies.
Also note that $1000 is huge amount for the Indians to spend on the bitcoin, in their country its almost 5 figures amount.

It will have a massive impact on the crypto market. There are so many rich chinese people out there and so many volume of indian people. If they manage to utilize cryptocurrencies, I think the value of some altcoins will increase as well as bitcoin. Investors in these areas will surely affects it.

The loss of the Chinese market was not insignificant for the community.  That's over a billion persons whose access to crypto markets is crippled, if not completely cut-off.  You can be sure that those who really want to participate find a way, though they do so at risk to themselves given the Chinese govt's reputation. 

I can not say how much the Asian market will affect us, but what will affect us is for sure. We are even affected by the stock market from time to time

The Asian countries will impact the cryptocurrency because crypto is developing in Asia.Asian countries are very important for cryptocurrecy. Asian  countries native actively participated in cypto world

It will have a deep impact because Asian countries have a robust economy and some of the best developers and coders are on Asia and of course every here knows Asians have the most number of bounty hunters, they have contributed a lot of through the development of many projects here as investors, bounty hunters and developers.