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Author Topic: Which Asian countries have the greatest influence on bitcoin?  (Read 2162 times)
Flor1982
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September 08, 2018, 08:15:47 AM
 #561



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

No doubt it will be China is the number 1 in Asia because of their huge population but still it seems they want to manipulate Bitcoin price and control it as their own which is not good for the whole crypto currency community therefore China being the greatest influence is totally useless except if they will show sign of treating fair the whole crypto currency communities.

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September 08, 2018, 09:28:18 AM
 #562

I think the most  greatest influenced countries in Asia is Japan  because since bitcoin will created the government will adapt into a legalized in there country  and the people knows about the benefits can helped as and another income in terms of a salary.
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September 08, 2018, 04:36:14 PM
 #563

I see china and japan is one of the most influence bitcoin in asia, more of the wales are from china so probably this is the strongest country that they activly use bitcoin. But hopefully all the other country from asia adapt bitcoin, we know that  crypto can helped our lives as long as we are here

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September 08, 2018, 04:55:03 PM
 #564

I think it is China, China is a country that is very large and rich, and every policy issued by the Chinese government always influences the ups and downs of coin prices on the market.
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September 08, 2018, 05:12:41 PM
 #565

No doubt that first of all a big influence on Bitcoin have such countries as China, Japan and Korea. But Malaysia and Singapore develop their legal system
about cryptocurrencies, that's why may be in the future their influence will increase. Also 2 months ago Uzbekistan adopted legislative act about develop blockchain, cryptocurrencies and regulating cryptocurrencies exchange.

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September 08, 2018, 07:12:55 PM
 #566

The governments activities affect the community interest in Blockchain technology and cryptocurrencies. China is banning everything related to cryptocurrencies, while countries like Korea and Japan are encouraging this tech, that why we see promising projects coming from these two countries, they also have reasonable impact on Bitcoin price.
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September 08, 2018, 07:19:06 PM
 #567



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
Yes, you are right about this and I agree with you. Countries that can affect bitcoin are China and India, especially China which I think they don't like bitcoin.
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September 08, 2018, 07:21:58 PM
 #568

As far as i know, citizens of China are always against government and rules about cryptocurrency. So after dropping Bitcoin to 6200$, they will pump it in the morning. So they have the biggest influence on BTC right now.
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September 08, 2018, 07:42:25 PM
 #569

Have to be China one of the country with the most influence the bitcoin market with mining power and mining pools. China is one of the country will not let go their bitcoin domination that easily. I think is another smoke screen to get more market shares.
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September 09, 2018, 04:43:20 PM
 #570



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

No doubt it will be China is the number 1 in Asia because of their huge population but still it seems they want to manipulate Bitcoin price and control it as their own which is not good for the whole crypto currency community therefore China being the greatest influence is totally useless except if they will show sign of treating fair the whole crypto currency communities.

Besides China, Japan has a really great influence on it. I also know that some of the Emirates from UAE are actively cooperating with Japanese crypto professionals.

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September 13, 2018, 10:02:09 AM
 #571

The country with the greatest influence on Bitcoin has to be China as most of the miners are concentrated in China. Also the Chinese people had invested heavily during the early days of Bitcoin. But that trend is changing and people from Korea, Japan and India.
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September 13, 2018, 10:19:12 AM
 #572

It is because of their economy . China and India combined are more then 50 % of world economy and their shares in crypto currency is quite significant  so they have greatest influence on bitcoin.
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September 14, 2018, 09:43:09 AM
 #573

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.
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September 14, 2018, 09:48:17 AM
 #574

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.
Japan has already implemented use of bitcoin for daily transactions, this is indeed Japan is creator of bitcoin. besides that state also supports it, so that salaries of employees in Japan use BTC

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September 14, 2018, 09:50:44 AM
 #575

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.
I don't recall many places where Bitcoin is accepted here in the Philippines. Which part of the country are you talking about? I would like to try some out so that I could feel the innovation of Bitcoin in our lives. Lol. I think it's only the exchanges that are regulated there in Japan and I think they are making a template for the cryptocurrency regulation. Making laws about it and other stuff.



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September 14, 2018, 10:02:30 AM
 #576

Its already popular in some area in the Philippines and there's a lot people are using bitcoin for their payments. So it shows only that on this country its already known and there are many people are invested on bitcoin, and also Japan. Because its also already regulated on their country.
Japan has already implemented use of bitcoin for daily transactions, this is indeed Japan is creator of bitcoin. besides that state also supports it, so that salaries of employees in Japan use BTC

It is nice to know that there are already some countries that use bitcoin, I am hoping that as time passes by more and more countries will be able to accept and use bitcoin legally.
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September 15, 2018, 10:49:11 AM
 #577

Bitcoin has achieved this milestone because of support from many countries of the world, but our focus is on the Heavyweights on the Asian continent whose appetite for Bitcoin and cryptocurrencies has been insatiable over the years.
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September 15, 2018, 11:27:50 AM
 #578

I think it is China, China is a country that is very large and rich, and every policy issued by the Chinese government always influences the ups and downs of coin prices on the market.

Even though China has strict regulations on using cryptocurrency and bitcoin on their own citizen people are still finding new way to access it through VPN's. Yeah China has a huge impact on the market price of cryptocurrency but I don't think because their country is rich or something.

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September 15, 2018, 12:22:37 PM
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I think China and Japan are the most influencing. China economy is strong, there are many rich people who have interest in crypto, and Japan is already dealing with BTC on legal level.

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September 15, 2018, 01:33:51 PM
 #580

Japan is an Asian country that has a big influence on bitcoin. This is because, Japanese financial authorities have legalized bitcoin as the official currency in the country. The act of legalizing Virtual currencies in Japan has the potential to have a big impact, because there are many rumors about Bitcoin support.

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