China and Korea: A chance for US to rise?

[duber]

Here's the thing: the U.S. is getting killed in economics, politics, demographics, agriculture, AI, IOT and smart cities, robotics, the list goes on and on. Everywhere we turn, China is dominating. The industries that made the US huge are going away.

So, we're wondering your thoughts: with China and Korea and other countries fearing ICOs and cryptocurrencies, can the US pick up the slack? If so, this could be a chance for the US to gain dominance in one of the last #4IR innovations left for them to dominate...

1. CAN the US gain crypto dominance?
2. WILL the US gain crypto dominance?

Looking forward to getting the ball rolling here... could be interesting for our next blog post.

Best,

duber Partners

[JShort]

Unless you have a crystal ball no one will know... However if this would happen, Jamie Dimon is going to look like such a fool (he already does but oh well)
 

[Doclam]

Here's the thing: the U.S. is getting killed in economics, politics, demographics, agriculture, AI, IOT and smart cities, robotics, the list goes on and on. Everywhere we turn, China is dominating. The industries that made the US huge are going away.

So, we're wondering your thoughts: with China and Korea and other countries fearing ICOs and cryptocurrencies, can the US pick up the slack? If so, this could be a chance for the US to gain dominance in one of the last #4IR innovations left for them to dominate...

1. CAN the US gain crypto dominance?
2. WILL the US gain crypto dominance?

Looking forward to getting the ball rolling here... could be interesting for our next blog post.

Best,

duber Partners

I see about 300 ATM of Bitcoin in USA. It is way ahead already it think

[dothebeats]

China isn't scared of crypto; they are scared of losing control over their people's finances. South Korea on the other hand, fears fraudulent activities and money laundering that ICOs can do, but they are very much open in regulating bitcoin and accepting it.

If the US wants to excel in the cryptocurrency industry, they need to better define their laws in regards to that area. Also, I doubt that the US will be a crypto-ftiendly country like Japan and Aussies since most lawmakers only see the money laundering side of the coin.

[BTCMILLIONAIRE]

China isn't scared of crypto; they are scared of losing control over their people's finances. South Korea on the other hand, fears fraudulent activities and money laundering that ICOs can do, but they are very much open in regulating bitcoin and accepting it.

If the US wants to excel in the cryptocurrency industry, they need to better define their laws in regards to that area. Also, I doubt that the US will be a crypto-ftiendly country like Japan and Aussies since most lawmakers only see the money laundering side of the coin.

By proxy that makes China scared of cryptos though. I don't really see any way through which cryptos can be effectively controlled by anyone. The only thing they can do is block conversion to fiat.
But people can circumvent that by making payments in crypto or alternatively by leaving the country. Both of which are very viable options if you consider the tremendous opportunities for profits in the crypto world.
Unless Chinese had a very hard time immigrating to other countries I don't see why serious crypto investors would stay there if they couldn't realize profits. And since Europe is basically getting flooded by Chinese students, it seems like it's quite easy for them to get a visa.

Is it difficult to convert crypto into fiat in the US by the way? Or do you just pay the usual capital gains tax and don't have to care about anything else (if you choose to convert into fiat)?

[Scallywag]

It would be a smart move for them to focus on crypto's . The things china beats them on is because of their cheap labour cost. In crypto it doesn't matter that much i think.

[duber]

All good comments! The primary question people give me on crypto is, "How do I use it?" So the thought of many more crypto ATMs is encouraging. Still, something like 75% of Americans don't even know what Bitcoin is...

[duber]

I agree with you Seriy!

[enhu]

It should be the best option to go. China has been unstoppable and even the giant companies are now owned by Chinese and yet china has bann crypto, US should turn all these into his side. The future is crypto and going there no matter what specially because blockchain has proved itself worthy of using.

[Leon.S.Kenedy]

No Hope to China, they are always the reason make Bitcoin down.

[lordquanta]

Here's the thing: the U.S. is getting killed in economics, politics, demographics, agriculture, AI, IOT and smart cities, robotics, the list goes on and on. Everywhere we turn, China is dominating. The industries that made the US huge are going away.

So, we're wondering your thoughts: with China and Korea and other countries fearing ICOs and cryptocurrencies, can the US pick up the slack? If so, this could be a chance for the US to gain dominance in one of the last #4IR innovations left for them to dominate...

1. CAN the US gain crypto dominance?
2. WILL the US gain crypto dominance?

Looking forward to getting the ball rolling here... could be interesting for our next blog post.

Best,

duber Partners

* Nowadays China is not so economically strong which it used to be. They are also facing many challenges about keeping growth in upward direction. There are many ghost cities created to keep GDP in double digit.
* About USA take advantages of what China and South Korea are avoiding, there were many ICO scams is past. The ICO became easy way for promoters to raise money and vanish in thin air.
* This gave bad reputation to the ICO. There is risk and potent cause to commit a economical fraud.
* Right now Japan is growing as strong-hold, powerhouse for bitcoin market. There are laws which recognizes bitcoin and allows fearless environment to people.
* If USA want to capture crypto market then there should be actions enhancing bitcoin and crypto market in positive way.

[BTCMILLIONAIRE]

No Hope to China, they are always the reason make Bitcoin down.

Bitcoin has been going up though. Nobody seems to really care about China any longer.

[duber]

Yeah, China seems much less important now in retrospect, but they still have all that tech! Maybe Russia is going to welcome China's BTC miners?

[Holla123]

China is on board with bitcoin or will be fully again. The ones who have most to lose to crypto is USD and JP Morgan,

[BTCMILLIONAIRE]

China is on board with bitcoin or will be fully again. The ones who have most to lose to crypto is USD and JP Morgan,

I honestly wouldn't be surprised if that JP Morgan CEO wasn't just blatantly manipulating the market for his own gains.. I find it hard to imagine that he would be so ignorant for a person in his position.

[duber]

Dimon manipulated bitcoin BTC, for sure... isn't Switzerland suing JP Morgan?

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

There's the proof, in any event. 

[Gargo]

Dimon manipulated bitcoin BTC, for sure... isn't Switzerland suing JP Morgan?

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

There's the proof, in any event. 

Well read about what is happening at the other end of the world. I am interested in such posts and are very interested, because I know what you can expect. Thanks again for the topic. Regards!

[duber]

or what about this one --> do you think Prince Alwaleed is secretly stashing BTC? -->

"Prince Alwaleed says bitcoin will implode: 'Enron in the making'"
https://www.c[Suspicious link removed]m/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html

Saudi billionaire investor Prince Alwaleed bin Talal said Monday that bitcoin will "implode" one day.

"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision" of any central bank, Alwaleed said in an interview on CNBC's "Squawk Box."

"I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making," Alwaleed said.

The billionaire investor was referring to the massive accounting fraud that took Enron, a U.S. energy-trading and utilities giant, into bankruptcy in late 2001.

Alwaleed runs Kingdom Holding, a massive conglomerate whose investments include Citigroup, Apple and Twitter. The company is based in Riyadh, Saudi Arabia.

Alwaleed said Monday he agrees with JPMorgan Chase CEO Jamie Dimon, who last month called bitcoin a "fraud" that will eventually blow up.

BlackRock CEO Larry Fink has also called the digital currency an "index of money laundering" for its ability to facilitate illegal commerce on the internet.

And then, of course, --> this guy, which no one cares about, lol -->

Jordan Belfort, the infamous "Wolf of Wall Street" penny stock broker, told The Financial Times in an interview published Sunday that initial coin offerings are the "biggest scam ever."

[BTCMILLIONAIRE]

Dimon manipulated bitcoin BTC, for sure... isn't Switzerland suing JP Morgan?

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

There's the proof, in any event.  

What a big surprise. Nobody would've ever guessed that a prominent figure in finance would try to manipulate the markets... 

[duber]

Any chance JP Morgan and Saudi Arabia are colluding on BTC to manipulate prices / markets?