Bitcoin Forum

US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

and the fomo is starting in
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I can't totally understand this write up, will this lead to bleeding of the bitcoin? or will Chinese government shutdown exchanges based in China, but major exchanges I suppose are not in mainland. I thought the issue of Hauwai has been resolved and Microsoft has started offering services to them again. Anyway, China has no control over bitcoin.

I believe that Huawei can never be wiped out by the US government as the market of this Chinese brand has already rooted in many countries across many continents. Though I am sympathizing with the USA on this trade war because I am sure that the Chinese hegemony is getting bigger and worldwide domination is what they are after for. Okay, enough of the politics. I understand that this trade war is helping to prop up interest on bitcoin, am I correct? In other words, the trade war just like any kind of crisis can make bitcoin more attractive as a safe haven (compared to the physical gold the original claimant for this title). The victims of this offing trade war can be USA companies that are doing business in China and vice versa but then again both countries are so open to negotiate so in no time at all I am certain this can be threshed out for good.

Android is shutting them out of the google ecosystem.. no maps, gmail, play store etc. Tech companies are cutting their links in droves. Huawai outside China is dead. The US is now extending this trade war to other Chinese tech comapnies. The question is at what point will this US action harm Westerns partners of Chinese Bitcoin exchanges and blockschain operations.
I mean fuck if i got a bunch of funds on a Chinese exchange or I buy a bunch of Chinese mining gear I dont want this shitstorm affecting my quality of life. Just posing a "what if" question here

well this "trade war" has been going on for a while now, it is not like it has started yesterday. and so far it had no effects on bitcoin price since bitcoin has been on the exact trend that was expected of it meaning a big breakout above the resistance at $4k followed by lots of FOMO and reaching the next major resistance at $8k. so I don't think this "trade war" or rather the continuation of it could start having any effects on bitcoin price now.

Huawei pulled a lot of some shady shit, they are not targeted by sanctions simply because they are Chinese. If mining equipment manufacturers, exchanges and other Chinese crypto companies won't do anything like that, I don't think there's any reasons they will suffer something similar, unless the trade war will go all-out, whch seems unlikely, because the US wouldn't want to hurt themselves so hard.

Are you hinting towards an exchange hack or something? As cryptic as your post sounds, it's assuming that some exchange will be a target of a hack as a result of the US-China trade wars. Ultimately, bitcoin will receive a pump on its value as money would need an avenue to escape both ends of the playing field, and gold together with bitcoin are the safest and easiest route to do just that. I just hope that what you're saying with an exchange is not true as I am certain that this will, again, place a negative remark on the security of bitcoin exchanges.

No I'm not hiniting at some stupid exchange hack, The US is working freezing Western institutions and companies with Chinese tech. I'm trying to ascertain to what extent this will spill over into the crypto domain. Chinese are heavy investors in the technology as there is a lot of potential exposure

I don't think bitcoin is related to this trade war! This silent trade war between USA and China is not new, China banned Google, Facebook and many others network a long time ago. So, these things are not related to crypto. Bitcoin is decentralized, Bitcoin is not created by the USA nor China! So, Peace!

I don't think that the US can go to wipe out Huawei as the China big tech company.
We know that the US has the power to do that, but that will not easy to do that thing.
They need to face with the Chinese forces that will support Huawei because China wants to protect their big company from getting more customer from all of the worlds.
That will interest to see the trade war that might happen in this year or the next year.
But I think bitcoin is not related to this trade war.

The worst thing in that issue is that millions of innocent people around the globe (including US) are using Huawei phones are now getting screwed without android support and the other google shit. So at one day people may have the best flagman, but on the other day he can't install a single app on it.

Why not? Mining equipment production is a pretty good chinese business so US may ban them. Also most part of mining power is concentraded in china so that is another reason for strike.

Trump says Huawei could be part of trade deal (https://www.bbc.com/news/business-48392021)

the tension between US and China seems not to end very soon. China may have some strong impact on BTC but it cant eliminate or destroy the crypto market as there are many other players in this market.

In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped.

Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive.

Huawei getting more market share was always a threat to US. They simply don't want that.

Trump is a loose cannon and i can't guess how will he act next. But still, even things escalade bitcoin won't be the victim. In the contrary, bitcoin would be a safe harbor for investors while big economies having bad times.

First off, US can't wipe out Huawei, obviously they have their reasons for banning it in their country. Could be because of the trade wars that has escalated in the last 4-6 months or so. Second, I don't see any Chinese crypto technology and exchanges being on the firing line here. On the contrary, there have been a lot of speculation since this who drama, that the Chinese are hedging their wealth on bitcoin that's why the price have been gaining since February. So if there is an effect on crypto, it's been very positive up to this point.

Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted.

I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor

1st of all , Huawei is not just depend on it's mobile phone production. They have a diversified business. They are the leading network equipment supplier. Also they recently started suppling 5G networking equipments to different countries. So, USA can't stop their business.

Secondly, Bitcoin isn't controlled by China at all. So, there is no question related with this trade war.

I would agree that we shouldn't overlook at the effects on crypto, but I don't see a point wherein we will severely affected because of this so called trade wars.

Vulnerabilities could be on the mining gear, but if US blocks its import to their soil, a lot of nation can take advantage of it and take the lead.

I'm also not familiar with Western capital tied up to huge exchanges. So I can't say what will be the impact for now.

Bitcoin would never get involved in Us and China's trade war. Huawei is a different part of the story. I'm sure that they wouldn't use or hit bitcoin because of their trade war because it's something that they couldn't control. Bitcoin could soar despite biggest country with a huge number of user's conflict.

Even if there will be a trade war between China and US, even with Huawei and Google problem, i think bitcoin will not be affected and even then will grow and and people will start invest on when see the bitcoin price growing.

Trade wars has actually benefited cryptocurrencies. With companies unable to trade directly with banking system, they'll do so with crypto.
There are many companies in between Huawei and US tech companies that would benefit from the indirect trade fueled by bitcoin and crypto.
Trade embargo has always paved new roads for crypto.

Upon the trade war between USA and China bitcoin is not gonna get affected. Huawei being a leading technology giant doesn't have anything relative to our bitcoin. From my understanding if there arise a war or restrictions/ban over the mining equipments then our bitcoin and cryptocurrency network might gets crashed. Until then we're not going to get affected now.

funny trade wars, America and China felt each other the greatest in the economy, but they (US) forgot, that Iphone spare parts were in China  ;D
If that would associate crypto values, especially bitcoin, it would look even more strange. they should see the difference is an advantage if together.

Let's be honest.. China would very easily win nearly instantly if they wanted to

Us and China trade will affects the whole world and may they can come for bitcoin too but the problem and competition among these two are not a new but it is started from the last decade and China is the big economy for the world so the war between them can be dangerous for the whole world.

Huawei is now in the top three in terms of market share of smartphone sales, I do not think that it will be possible to break such a Corporation.I'm not sure this war will affect the cryptocurrency in any way.

Agree, China holding biggest US bonds and if China want to dump this bonds, i can not imagine what happen with USD. Beside that, China is biggest consument in soybean and i am believe US already suffering about soybean supply and price

"victim"?!!
bitcoin is not even affected by this trade war between US and China let alone be the "victim" of it. that could have been a concern if bitcoin was really being used as a currency for trades on a big scale but we all know that bitcoin is used as a currency but only on a very small scale and it is still treated mostly as an investment.
so the connection you are trying to make here doesn't even make sense.

I can't see how this theory makes any sense. Yes, there is ongoing trade war between US and China but Bitcoin has not anything to do with it. To be affected Bitcoin should be formaly used and recgonized in economies of both countries and we know that isn't the case. So I really don't understand your point because it makes no sense at all.

My point makes sense in that China produces the vast majority of hashing power and mining equipment, its invested in a huge range of blockchain startups and projects, it holds western capital in its exchanges and both it and the West are now arresting each other citizens for political gain.

Clearly both China and US have the capacity to disrupt crypto in a number of ways. Does that make things any more clear to you or too simple minded to take this onboard?

I was thinking about it when USA ban China mobile brand Huawei and If china legalize bitcoin in their country so dollar value could be drop.
China also ban apple brand in their country and em sure china really don't care about apple or android. Huawei now working on their own software.
In this war china is more powerful than USA. Will this war really affect crypto market?
https://beincrypto.com/bitcoin-legal-to-own-in-china-says-pboc-lawyer/

Huawei can only blame themselves for this, because they tried to hide microscopic circuitry inside the equipment that they manufactured to spy on whomever used their technology.  ;)

The US is not entirely innocent too, because they did the same thing with the exploits that they imbedded into the firmware of their Cisco equipment a few years ago. It is only political games that are part of the US trade wars with China and this will soon blow over, when the US realize that they need the minerals that are only sourced from Chinese mines.  :P

Hopefully BTC is not affected by the trade war between China and US. if it is affected by the time to buy and hold until it rises again. hee

Bitcoins is out of US and China trade war. Their trade war is concerned over the countries trade policies which has not a got anything to do with Bitcoin. Bitcoin is universal currency and their respective action can't be used as a weapon against the other.

You can easily break it if they no longer are allowed to make use of Google services, which means that even the open source version of Android has become pretty much useless.

I don't see how their smartphone division can recover from this if it continues for years straight. It's incredibly difficult to create and properly market your own ecosystem with alternative apps and whatnot.

It might stimulate non reversible cross border payments through Bitcoin, which is a big deal. Countries in trade war use their financial systems to exercise control over money flows they don't like and censor them at will.

Bitcoin is not yet allowed in both countries, who know 1 might jump in because of this Trade war

i think, it will again because now bitcoin grow up price for now. So, mybe USA or China will also back for bitcoin. I sure for future will any next victim, but i don't know who will victim.

US government try to dump Huawei industry it's planning from long time ago i know that in some international news but finally happened. Crypto is not related here so that i don't think crypto will harm for this announcement trade war between US and China because of it's very different industry from crypto.

At some point, it is not just Huawei is being banned because of their trade war. China banning Apple too on their country as if this trade war will not gonna make both of them bleed if their customer starting to decline in numbers.

So far there is no certain announcement yet that is made to target the Bitcoin, but it is hinting the China and US to make a move for this trade war to target cryptocurrency.

I don't think these trade war against this two giant nation's will lead to cryptocurrency breakdown. Most likely they are testing their pride about their own phone flagship and if US will ban Huawei then China will strike back by banning apple in their country too.

A trade war over phones has almost no chance of affecting Bitcoin, unless the CCP decides that Bitcoin is a subversive Western invention that's trying to destroy the fabric of their society. Of course, one would think that they would have already declared that, but you should never underestimate the ability for governments to invent new reasons to ban something. Considering the relatively "neutral" stance that Bitcoin has, since it's not a project that lends its origins to any single nation, it shouldn't be politically impacted by any trade wars that go on. In fact, it might be used by some of the people within these countries to escape the economic ramifications that come from a typical trade war.

As for Huawei vs iPhones in the trade war, worst case is that China bans the manufacturing of iPhones, but that'd significantly impact their internal affairs because of the high revenue stream that iPhone production generates. I don't think that there will be anything that extreme, and Huawei wasn't a massive success in the US anyway, based on market share. Chances are it will be a death by a thousand cuts in this trade war.

Not that it is an empire or that they control everything, it is simply a commercial problem, where there are no agreements and break, obviously Huawei is the most affected because they do not have as much strength, their biggest market is in countries like the USA, where there is a high volume of consumers, and that high consumer style makes them a big market. If Huawei takes as a quick initiative to introduce it into the Blockchain technology, it would be a masterful solution, but the Chinese would have to comply with the mandates demanded by the blockchain technology, this means that any blockade, or any prohibition against bitcoin, altcoins or the use of cryptocurrencies they must be canceled. However, it is to be expected that these exits have already been fully evaluated and I return and fall, the US market is the largest in the world, Europe too but I think that more consumerism is in the USA.

Huawei will be very difficult to get out of this huge problem, maybe consider joining another recognized brand to join forces and this company will not go down, because stocks in the Stock Market will lower and lower.

The consequences when these problems exist are very minimal, they have to find a sister company that can join together so as not to lose development, these types of problems always happen, when they occur, it is so that another new brand emerges with greater strength. the one that is dying.

luckily the Chinese cryptocurrency exchanges are out of reach of the US and therefore they have nothing to fear, huawei is already organizing to equip their phones with a proprietary operating system

Yes, and I think bitcoin may be the next victim due to the US vs China Trade War. But I can not say anything specifically about this. Yes, US and China have a big deal with Bitcoin and US vs China trade war If it continues, its Bitcoin can have its worst effect. When the US vs China trade war are going on between two major influential countries, it is unlikely that its impact on Bitcoin may be more.

That's what they've informing / advising their users, they will create their own system to cater the issue with playstore, we will see in their next
updates if how they will perform and updates everything, with this trade war issue crypto might have some exceptional ends as it's not really
controlled by any country but those who loves blockchain system,

USA cannot live without China's rare earth materials.

China presently produces more than 95% of all rare earth materials that are vital in the creation of a big variety of electronic technologies including lithium car batteries, solar panels, wind turbines, flat-screen television, compact fluorescent light bulbs, petroleum-to-gasoline catalytic cracking, and military defense components such as missile guidance systems.

So this cold tech war will end very soon

In fact, quite frightening events are happening in the world now and no one can predict their consequences. The trade war unleashed by the United States against China and Russia can cause global changes in the world, but as often happens, the consequences of this war we will see in a few years, since we all know that the train cannot stop quickly and changes in the world can be unpredictable. No one knows how far this confrontation will go, but I know for sure who will lose in this war. These will be ordinary people.

trade war between US and China has nothing to do with cryptocurrencies. US is ashamed to admit that China is more advanced in technology trade. US trade war is a form of US despair which loses in global sales. Cryptocurrency is not a victim in this case, in my opinion becomes a bridge of trade between USD & Yuan so both sides get the same profit.

The US-china trade war has entered to the next phase and scenarios seems to be stretched long and expensive; G-summit which is going to be held in next will decide the next Bitcoin victim.