Which Asian countries have the greatest influence on bitcoin?

[|Bitkoin|]

China has the greatest influence on bitcoin. It has the biggest population in the world.

[preditor422]

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

China and india off course are two asian giants and force to reckon with.But if we compare india and china,hands down china is more powerful and influential in crypto market world.India is relatively new in comparison with china but has develop a strong base in very short time.In recent times market of china has decreased but still holds the power due to market cap.In total market cap of crypto 3rd highest investments come from china and india is still growing.

[Anna567]

The main reason is that too many countries in Asia have recently released information on the banning of bitcoin transactions, causing the market to slump and the price to fall drastically, mainly because the impact of state information is very strong. However, Asian countries also accept bitcoin transactions, which have both advantages and disadvantages.

[mOgliE]

Hi,

What is interesting here is that the stuation is very different from one Asian country to another. It would be easy to say that all their governments are trying to implement banning regulations, but it would also be wrong.

On top of that, there are other Asian countries, with less bitcoinners but still very active in the community, such as Vietnam. That's interesting to see that whereas bitcoin is just a trading tool in south Korea, it can be considered as a real replacement economy in Vietnam.

Of course the political and economic situation in those countries can explain the differences.

[Abete]

because the bitcoin is fluctuating, I think that's normal. and do not forget also in bitcoin Indonesia is also quite famous, although the government in the country forbade it.

[GeorgiyBilyk]

Of course, China! You look, what is happening with bitcoin because of the Chinese New Year! The negative news that came from Asia had a big impact on the drop of bitcoin! But I'm sure it's all vrmenno, soon will start very serious growth! The main thing is that China, Japan, Singapore and Korea do not do anything bad!)))

[HasHe]

China and India were the most highly populated countries in the world.China  already has a high influence over bitcoin and India being another big country still have more population getting adapted to bitcoin.So in future,it would have more influence than any other country.

[romandos86]

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 greatest influence on bitcoin has,of course, China!Because they have the most powerful mining system in the world.

[recsoninlight]

At first, China is the most influential country when it comes to bitcoin industry. However, they banned all BTC platforms recently. And now, I'm looking forward to South Korea or Japan to be the most influential country when it comes to cryptocurrency. 

[alyssa85]

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.

You know that China closed all their exchanges down in 2017, right?

I really don't understand why people keep talking about China. We discovered in the early part of 2017 that all their trading volume was fake. Then when they banned bitcoin and closed down all the exchanges, the price didn't tank, it surged from $1500 to $19,700. China doesn't have any affect on bitcoin's price and that's because their capital controls and lack of exchanges makes it very hard for them to invest.

[palle11]

I strongly do not think is China. China has been in the bad records of bitcoin and cryptos since 2017 , yet bitcoin recorded $20,000 highest so far. I think no country has such influence in this new technology that saw the likes of bitcoin because it is decentralized and if one country is looking at banning, another is thinking of adopting and investors are trading in between the news 

[Red-Apple]

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.

You know that China closed all their exchanges down in 2017, right?

I really don't understand why people keep talking about China. We discovered in the early part of 2017 that all their trading volume was fake. Then when they banned bitcoin and closed down all the exchanges, the price didn't tank, it surged from $1500 to $19,700. China doesn't have any affect on bitcoin's price and that's because their capital controls and lack of exchanges makes it very hard for them to invest.

because a long time ago, probably started in 2013 when China first started talking about banning bitcoin and they spread some big FUD about it, it worked so from that time to this day everyone keeps using the same strategy and it seems to be working perfectly well so far because weak hands are still showing positive reaction to it!

[Fesatmas]

I think China and Korea have the greatest influence on Asia. No wonder both country also have good economy and have powerful technology.

[DragonCoinZ]

I would say japan. There are so many stores who accept bitcoins. There are Bitcoin ATM everywhere. And the gouverment also accept bitcoin as an official payment. So i think Japan has a good and positiv influence to all CryptoCurrencies. China has also a big influence, but just because they are so many cryptocurrencies user out there, and when the gouverment starts banning or regulate them, it will influence the whole world.

[Miner228]

Bitcoin attracts serious interest as a means of investment and saving of capital not only in China, but also in India. Companies with a high level of income and just rich people began to look at the crypto currency as a possible asset.

Sandeep Goenka, general director of the Indian Bitcoin company, Zebpay, explained to Business Standard that Bitcoin's deflationary character makes it attractive as an asset class: "You can put money in a purse in the hope that the price will rise."

Zebpay is one of several major players on the Indian crypto-currency scene; other companies are Unocoin and the Coinsecure trading platform.

[afanase]

I think India has the greatest influence. It has huge number of people investing already and the number will only increase here after.

[alyssa85]

China has the greatest influence on bitcoin. It has the biggest population in the world.

It has a small impact on bitcoin because the biggest population of the world decided bitcoin was a threat to it and banned it. Most of bitcoin's gains came AFTER China banned bitcoin, which mean's China's impact was minimal.

The real action in the east is in Korea and Japan.

[Agathai]

China has the greatest influence on bitcoin. It has the biggest population in the world.

Yes, I think this is true. Perhaps a little conservative, they feared that Chinese people would invest in bitcoin and forget about the local coins they created. In terms of trade and economics, it is significant damage. Therefore, they issued a ban to increase the strictness and discipline of the people.

[Nowherman]

The greatest influence on the crypto-currency world is rendered by Korea, China and Japan at the present time.
This is due to the fact that the main mining capacities are located in China. Japan officially legalized bitcoin as a currency.
In South Korea, the population massively participates in trading on the crypto-exchanges.

[ocid]

In my opinion, any country willing to allow its citizens to engage in an activity with virtual currency methods such as bitcoin will greatly affect the value of bitcoin assets that will increase. One example of a Japanese state that has been authorized with bitcoin will certainly be many investors who will invest with bitcoin in japan and this will affect the movement of bitcoin prices.