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Will it be beneficial or harmful to electronic money transactions when the trade war between China and the United States occurs, the event has nothing to do with the crypto market?
Today the forex market is turning big on the retaliatory passages of Mr. Xi and Mr. Do Nam Trung during the first waves of trade war between the United States and China. Actually, this trade war has been predicted for a long time, until now have the first strike. The upcoming Forex Trader may be able to surf the net, but what about the Crypto Trader? What are the benefits or disadvantages of this trade war?
Situation of US trade war in China
The Chinese lost this year also lost points in the international arena because of currency devaluation trades to gain a trade surplus, mostly from the United States. If you do not know yet, the trade surplus is that when a country exports more than it imports, the difference between exports and imports surpasses the surplus. This new China is a way to devalue currencies so that the goods from the photos are cheaper than other countries, boosting the demand for image water, and thus exporting more. Totally, China is the largest import market for other countries, especially the United States. From here the US began to beat him.
In 2017, the US trade deficit with China is $ 375 billion; That means that US exports to China are only $ 130 billion while imports from China are $ 506 billion.
Yesterday morning, Trump started imposing taxes to $ 200 billion worth of Chinese goods, China seems quite surprised with this counter-attack:
China has no choice but to respond to the latest US tax policy. In the news, the citation shows that China has just released a new notice of proposed tariffs for US goods. This has added to the uncertainty of negotiations between the two countries
Hope America realizes the negative consequences of their actions
China has not made a detailed proposal for possible response policies for the United States in its announcement.
Then the news from Livesquawk and CNBC said last night that China has imposed a 5% tax on US goods that previously imposed a 10% tax. The amount of goods subject to tax is $ 60 billion. The deadline is September 24, the day the United States will impose a 10% tax to $ 200 billion US goods just announced yesterday. Eat pieces
What is the commercial battle with Bitcoin and crypto?
It's always related to you.
You can see that the tariffs imposed between the US and China can cause both the yuan and the dollar to depreciate, even though the yuan is likely to depreciate higher. We will talk more about China as this is a very hot coin market (currently China has banned all domestic crypto trading floors, but can still access outside decks), bull run run 2017 also contributed much from the "coin investors" China.
These tariffs are likely to result in the loss of Chinese yuan, forcing the RMB holders to look for alternative assets to allocate their funds. We can see that experts are predicting commercial war will have a negative impact on China's stock price, which has been very poor since the beginning of this year.
In addition, trade war is contributing to the growing uncertainty in the Chinese economy. With cash flow likely to move out of the Chinese yuan and also out of Chinese stocks, the next best place for investors and holders of local currency to allocate their money is most likely to be Electronic money, typically Bitcoin.
The concentration of mines in China
Obviously, the devaluation of the yuan is not significant enough. Another factor is the concentration of mines in China.
Currently, about 81% of Bitcoin operations are located in China. Antpool and BTC.com (two bunkers owned by Bitmain China) account for 32% of Bitcoin worldwide. This concentration of Bitcoin exploitation means that the majority of Bitcoin traded worldwide is exploited in China. This continues to increase the impact of Bitcoin supply and demand from Chinese investors and RMB owners.
The shift from the US-China trade war that has intensified, the depreciation of the high-priced yuan, together with the bitcoin exploitation in the world dominated by China will make Bitcoin more and more valuable. in this country. What next can you guess?
Of course, these are just predictions, the market will have many changes that we did not expect, but the impact from trade war on Bitcoin and crypto is yes, and of course we can not ignore. .
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Cryptographic market is too small and young. It will take a long time to develop.
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The analysis of the Ethereum Network, the decentralization and the role of the CRYPTO SWAP decentralization fund in the decentralized ecosystem - the trend of the Revolutionary era, are as follows.
There are many who have heard the word "decentralized" and partly visualize its basic meaning. However, there are still misconceptions and misconceptions about decentralization. Today we will go deeper into the topic of decentralization and explain its importance, thereby precisely defining the close connection between electronic and decentralized money.
Important terms: What is decentralization?
Before we get started, let's get to know some of the key terms:
Centralized - Subject to management, control, direction and disposition by a single agency. The example here is the US government. When US dollars are cast under the permission of the US Congress, that means the US dollar is "backed" by the US government, so it can be trusted by anyone in the government system. And so, if the US government collapses, the US dollar will disappear. In terms of information technology, this means that a server will specialize in managing and controlling other machines. If the server dies, the machines connected to it die.
Decentralized - A system that does not have an independent individual / organization, or a server that has control over other machines. Ethereum is a concrete example of a decentralized currency, with the fact that the currency is no longer printed and valued by any organization but created and priced by the community. co-use it. In terms of IT, this means that no specific device is needed for the system to function.
Distributed - The definition of distribution is basically similar to decentralization / decentralization, but the network will now have a series of participating devices, and if a machine stops functioning, the system still running.
1. Be open and transparent
With a decentralized system, all participants, including third party developers, developers, and entrepreneurs, interact with one another. No intermediary has the right to hold capital during the transaction. Therefore, it increases the transparency and reliability of the participants.
2. Maximum security
Given the high degree of integration and interaction of the participants, the vulnerability of a hacker system is very low; Because hackers have to pass each other's systems one by one to hack a single electronic money network, as hacking becomes more difficult than ever.
3. Consensus, homogeneity
In this case, all market participants and members of the pre-coding community will jointly vote on the decision. The opposite is the centralized system, where people are subjected to control by an organization, and sometimes they make unlikely changes that will benefit everyone.
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# Join Ambassador Rank Level 1
Telegram username: @Thoanh1998
spreadsheet number: 2900
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when does your this project on floor ?
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