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Author Topic: Which Asian countries have the greatest influence on bitcoin?  (Read 3015 times)
vintamodern444
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February 03, 2018, 01:01:42 PM
 #1



Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
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February 03, 2018, 01:05:29 PM
 #2

People are getting tired of these nations and their fud.

Let's hope the western  nations just hurry up and regulate crypto so they get their slice of it all and it goes main stream.

Later these others can string along or not if they wish.

Crypto is just part of evolution, like the internet and computers. Once it was out there was no going back.

what is this post even about...... there are a million others documenting this in full already ..






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February 03, 2018, 02:05:31 PM
 #3

Probably China was one of the countries with greater influence within the bitcoin economy, this was affected once it was released a series of sanctions and restrictions within the country, however I consider that Japan is who now leads this march or tries achieve to achieve China's btc economy.
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February 03, 2018, 02:07:35 PM
 #4

As long as mining is centralised to China, China's moves will have the largest impact, other than that probably higher bitcoin usage per capital places like India, Korea and Japan. If you mean in terms of technology behind it, Singapore based firms seem to be in the lead

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February 03, 2018, 02:13:36 PM
 #5

China, Japan Korea India have the greatest influence on bitcoin market moves up and down mainly now because of Korea
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February 03, 2018, 02:13:48 PM
 #6



Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge

Like their population Chinese have the large number of exchanges from the companies put up in China. I can find the people looking to invest on the bitcoin in china too but since they banned the bitcoin it really hurts them.
Japan we do not need to worry about them. They already made the bitcoin and other cryptocurrencies can be used legally in every cities and rural places in Japan. So they are already supporting the bitcoin.
Koreans, they regulated the bitcoin trading sites under their tax rules and regulations. I do not think that they completely ban the bitcoin. Hope everyone will look into invest more in that country too.
India, they are very few in numbers to using the bitcoins and other crypto currencies. They should accept the bitcoin as legal currency to use their since it has potential to change their country status to developed country. Their ministers team to discuss more about the blockchain investments and startups.

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February 03, 2018, 02:25:53 PM
 #7

The JAPAN the most influence on BITCOIN thats why their country booming making them increasing all their demand and suppliers and help other country also to booming
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February 03, 2018, 02:30:19 PM
 #8

I think it's China.
I am tired of hearing bad news about China. Every time the Chinese government has bad news, the whole cryptocurrency market will collapse. I hate this country. shit.

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February 03, 2018, 02:36:21 PM
 #9

I think Indian will have good impact on the prices of Bitcoin. We already saw decline in Bitcoin prices when the finance minister there announced about taking action against illegal activities related to Bitcoins in India.

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February 03, 2018, 02:53:58 PM
 #10

China surely has most enormous impact on bitcoin, but recently China government banned bitcoin. India is also can create influence both China and India can influence the main reason is population both the country have a massive population, so this two country will create impact.
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February 03, 2018, 03:04:14 PM
 #11

my opinion China is a country that has the impact of bitcoin development given the rapid growth of the population as well as the technology they create is extraordinary and may Asian countries all have an impact that can make a good contribution.
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February 04, 2018, 01:41:43 PM
 #12

Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
I am not sure on what data you are telling that India does have a bigger influence in bitcoin,none of the exchanges in the top ten include any exchanges from India,when it comes to the volumes in trading Korea tops the chart along with China,Singapore and Japan,Korea came up with new regulations and now it is certain that the speculation about the ban is not true.Expect more regulations from all the countries and there will be FUD news along the way.














 

 

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February 04, 2018, 01:51:46 PM
 #13

Earlier China was the most dominant country not only in Asia but throughout the world to use Bitcoin since the ban in the last mid year, China hasn't made so many transactions in cryptocurrencies. Indian people on the other hand invested much in crypto last year but the media and politicians are spreading FUD in the community by spreading rumors and all sort of nonsense. Indians have a great impact if a FUD hits them and that is why there is a lot of panic selling in India. Although the down trend is not yet over, we can see little green peaks in Bitcoin's charts. Lets hope that Bitcoin spikes again.














 

 

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February 04, 2018, 01:56:53 PM
 #14

Countries you named represents almost the half of world population. Of course any news coming from there will have a big influence in cryptocurrencies market.

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February 04, 2018, 02:02:25 PM
 #15

but nowadays china and india are against bitcoin
only japanese who keep using bitcoin services, bahakan japan has given an official statement, if bitcoin is the official currency in japan
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February 04, 2018, 02:11:43 PM
 #16

Countries with large amounts of virtual currency transactions such as
how did you measure this?

because as far as i know there is no way of telling where transactions are coming from. there is no IP address in them and the way propagation works prevents (or at least makes it near impossible) to track it back to IP addresses.

so i am curious to know how you came to the conclusion that the countries you listed have the "large amounts of virtual currency transactions"?

Quote
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
based on volume i don't think they have more traders than any other place and they have been buying bitcoin more than anybody else.
not to mention the USD markets started the fall and fell hardest while something like BTC/INR was acting much stronger!

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February 04, 2018, 06:01:24 PM
 #17



Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
The most influential country for cryptocurrency in Asia as well as around the globe is china.The highest transaction in cryptocuurency were made through china.Though the number has decreased since the ban but still there is no other country who stands out such dominantly in asia.India on the other hand has shown great improvement in last year but now that government has declared some serious rules against bitcoin,there might be possibilities that the numbers would fall substantially.
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February 04, 2018, 06:23:36 PM
 #18

Earlier china influenced a lot on bitcoin but not now.Then south korea had very big influence on bitcoin with bitcoin traded mostly in the exchange bithumb .Then i think now its india's turn to influence bitcoin with such a huge adoption taking place there and at the same time,negative news coming from the government side.

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February 04, 2018, 06:32:08 PM
 #19



Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge

Asian market is huge, and I suppose China is the biggest part of this market. They creat a lot of ICOs and trade much.

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devormity
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February 04, 2018, 06:51:45 PM
 #20



Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
The decline in bitcoin prices due to news from China happens quite often. This can be a constant source of unrest and frustration for people holding bitcoin in the long run. News from other countries also has an impact on bitcoin prices. One of the most notable examples is the destruction of Mt Gox ... It is used as one of the largest bitcoin exchanges in the world operating from Japan, there are many factors that play a role, but most importantly most of the trading volume and bitcoin power mining are concentrated in China. Bitcoin, as a technology, is designed to operate in a decentralized way. That means that no central authority can make decisions on behalf of all network users.

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