Which Asian countries have the greatest influence on bitcoin?

[jatin729]

India, China, japan, south korea and Thailand can play important role in cryptocurrency rising in near future. because India and china has huge population. one interesting fact that 60% of Indian population in between 20-40 years. they are more technology adopted and Asian countries are emerging nation. While other asian countries have potential we can't neglect them also. so We support Crypto and what about you ?

[sulendra12]

Korea, China and Japan having the greatest influence on Bitcoin. Like we have already known that when the exchanges that have servers on these 3 countries got hacked, the impact/feedback are really significant that could change the entire market in a second which is really scary to see.

[Reality5]

To me, I believe it is the two most populous countries in the world which are China and India

[nabinkhadka]

I only agree little bit with this statement because USD accounts alone around 59 percent of trade while Japanese yen is 36 percent. and rest of the world currency accounts for 4.68 percent. source :https://www.coinhills.com/market/currency/

[dniwe_dna]

 The greatest probability is that China is strongly influenced by bitcoin. Because of cheap electricity there are most miners and traders. But now in China, we see a confrontation of cryptocurrency against goverment.

[rasp]

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

Bad news always have a certain impact on the financial situation with respect of this or that valuable asset or currency.
News constantly coming from from Asian countries are no exception - they actually own the greatest share of the world's population that is capable of influencing the whole situation on the market.

[CPetersson]

China obviously. China has the most important role in cryptocurrency in general. But however, with the increasingly hostile regulatory climate, the Chinese dominance on bitcoin, and the wider cryptocurrency market is diminishing.

[Neera Gallo]

The basis of blockchain and bitcoin is decentralized platform. I hope that Bitcoin will always remain decentralized

[Barbara Onio]

If bitcoin becomes focused, expect it to be managed by a good organization. Don't for personal benefit that bitcoin price

[Thatsit]

You will notice that Japan, China and India are in good standing among the top 10 richest countries in the world. And overall the overall development of these countries is happening which can be seen in the eyes. And these countries are influencing Bitcoin in Asia.

[newinbtc]

Bitcoin has received support from many countries of the world. Upto 80% of daily trading of bitcoins come from China.but after the ban on ICo it loss interest of Chinese people.but Chinese people use 70% of computer power for mining purpose only.Bitcoin value in United States of America, China, South Korea, North Korea, India, Russia and many other countries, daily trade volume in exchanges of these countries are estimated in billion dollar worth of Bitcoins.Digital currency is taking place now days for tasks to transfer the funds from one place to another without any middle man.

[merchantofzeny]

China only mostly coz of the mining. Their totalitarian government prefer digital transactions to be still processed using their yuans. So though most people there pay for everything via mobile, it's not bitcoin they are using.

Japan seem to have a very positive view of Bitcoins so it might be a big influencer in the future. It's mostly South Korea in the news though. People are constantly watching for any regulation changes there and it appears bitcoin did took off there. Saw a news clip showing people who "gambled" on bitcoins, as the media prefer to word it.

I dunno about India. It have a young and very tech-savvy population that's receptive to cryptocurrency but it looks like the government is the exact opposite.

[Baokali92]

I think Korea, japan and also china have the geratest influence on bitcoin.

[nguyenthanhvien]

I think China, but their influence is not only Asia but the whole world. They hold a lot of BTC, having the world's leading mines.

[ToyotaFortuner]

it looks like Asian countries that have the biggest influence on bitcoin are likely to be China, which currently has very high economic development so that it can affect bitcoin.

[mjaranzasu]

I think China, but their influence is not only Asia but the whole world. They hold a lot of BTC, having the world's leading mines.

This is also what I am thinking too, they are the reasons why bitcoin pumps or dumps and also some other large countries too. So far, everything is getting back to normal and I hope bitcoin will continue to recover.

[boyptc]

China before the ban commenced for ICOs there and after it because of this.

China only mostly coz of the mining.

Japan, South Korea are few countries that are greatly influencing bitcoin market.

[jambul_kribo]

China obviously. China has the most important role in cryptocurrency in general. But however, with the increasingly hostile regulatory climate, the Chinese dominance on bitcoin, and the wider cryptocurrency market is diminishing.

now korean take china part in cryptocurrency market.their community growth rapidly and their government does not like china that banned all access about crypto

[peter_coin]

When this kind of question is asked, the answer to this must be with clear facts, so in response to this I feel the Asian  country with the greatest influence on Bitcoin is China, due to two major facts (1) Population (2) Amount of projects and exchanges that are there. These two factors make China have great influence on Bitcoin since they have a lot of people who own and trade BTC regularly and many projects and exchanges have come from there.

[BTC_BTC]

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

obviously Japan, a country in Asia that has the biggest influence on bitcoin.

because Japan has inaugurated bitcoin as the second currency in the country.