Which Asian countries have the greatest influence on bitcoin?

[gjtnwls1]

I think China and Korea are influence on bitcoin among Asian countries. Most of miners are from China and if you see top trading bitcoin website, there are Korean trading sites.
 

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[multikript888]

I also started from scratch looking for proven projects read many reviews only then decided to invest and did not regret.

[criz2fer]

I think China and Korea are influence on bitcoin among Asian countries. Most of miners are from China and if you see top trading bitcoin website, there are Korean trading sites.
 

I think its Japan. Japan have a strong foundation on bitcoin. They are implementong tax reform next month for virtual currency exchange regulation and a legal clarrification on what bitcoin is (asset and considered payment method). They think that development of blockchain technology could fuel new markets and service new trader that will contibute to the economy.

[JerryJam]

Japan, South Korea and China have the greatest influence on the non-cryptocurrency market.In 2017, these countries had 50 percent of all cryptocurrency trading. Japan is considered to be the birthplace of cryptocurrency.The Japanese government has a positive attitude towards cryptocurrencies. They are strictly and rigidly in control of this process. In this regard, most of the Japanese exchanges were transferred to Malta.China banned crypto-exchanges and imposed restrictions on mining.Exchanges and mining companies moved to Hong Kong. But China still has a large number of large investors and mining farms. In China, the very low price of energy, so mining there is very profitable.The small nation of South Korea led the bullish trend and led bitcoin to the level of 15000dollar. The participation of large States in the crypto market is beneficial for the crypto currency.

[ArnoldChippy]

I think China and Korea are influence on bitcoin among Asian countries. Most of miners are from China and if you see top trading bitcoin website, there are Korean trading sites.
 

I think its Japan. Japan have a strong foundation on bitcoin. They are implementong tax reform next month for virtual currency exchange regulation and a legal clarrification on what bitcoin is (asset and considered payment method). They think that development of blockchain technology could fuel new markets and service new trader that will contibute to the economy.

Yes that is right, japan is the very first country who legalize bitcoin in their country, therefore we can say that they have strong foundation on bitcoin, although we were expecting that China also have great contribution toward bitcoin, but after their country  banning ICOs and other exchanges create a problem and dis hearted their people.

[freesia_pnp888]

first it was japan, now it's all about china

[Belleylock]

In Asia there are many people who use bitcoin, although there is a ranking, it always varies. The greaest influence of bitcoin is sensed to be in South Korea. There are 90% who knows about it, people in their 30s about 29.8% has purchased an account, people in their 40s about 26.3% knows and experienced bitcoin. South Korea ranked first followed by Japan who ranked 88% knows about bitcoin, claiming and assuming bitcoin was first invented by a japanese group in 2009. That is why it has been reported and the people in Japan was somewhat informed by the existence of it. Although bitcoin claimed to originate in Japan, South Korea still ranked to have the greatest influence of bitcoin in Asia.

[ntodntodan69]

countries in Asia do have a great influence over bitcoin prices. bitcoin price is currently touching the price of $ 7000 but countries in the continent of europe and america also have a big share of price fluctuations bitcoin

[sidebyside]

I think the countries that have a big influence on bitcoin are Japan, Korea, India, China. Because these countries have many big investors in bitcoin. If one of these countries has negative decisions about bitcoin, I'm sure the bitcoin value will decrease and vice versa.

[gabmen]

I think the countries that have a big influence on bitcoin are Japan, Korea, India, China. Because these countries have many big investors in bitcoin. If one of these countries has negative decisions about bitcoin, I'm sure the bitcoin value will decrease and vice versa.

Well probably the japanese. China has a big market though we've seen in the past that even if the chinese ban crypto exchanges, the market will recover. Japan is one of the first countries to adopt crypto use so personally i think japan is one, if not the most influential country for btc

[Ravion]

In Asia there are many people who use bitcoin, although there is a ranking, it always varies. The greaest influence of bitcoin is sensed to be in South Korea. There are 90% who knows about it, people in their 30s about 29.8% has purchased an account, people in their 40s about 26.3% knows and experienced bitcoin. South Korea ranked first followed by Japan who ranked 88% knows about bitcoin, claiming and assuming bitcoin was first invented by a japanese group in 2009. That is why it has been reported and the people in Japan was somewhat informed by the existence of it. Although bitcoin claimed to originate in Japan, South Korea still ranked to have the greatest influence of bitcoin in Asia.

It's true that South Korea is an important country and is affecting the Bitcoin market. But Chinese investors have a huge influence. China has a high concentration of Bitcoin miners too. The huge rise in the price of Bitcoin since one and a half years ago was mainly caused by Chinese investors trying to secure their wealth and keeping it out of the reach of their government. That's what mainly caused the initial price rise, and then it all turned in to a speculative investment that all people around the world joined in on.

The topic of what influence Asian governments are having is that they are causing a reduction in the price of Bitcoin. It was especially South Korea imposing very strict regulations on Bitcoin a few months ago that made the price go lower.
Many countries in Asia don't like Bitcoin at all. They do like the technology and the concept though, but they want it to be regulated and to be under their governance. Most of them are working on issuing their own cryptocurrencies.

[leavefifa]

I think Japan is the most influential country to Bitcoin. The Japanese live and work very well, but they are not conservative and autocratic. It is possible that Japan's economic and political impact on countries is not as clear as in China, but in Japan there is stability. And Japan has always been a strong supporter of the United States.

[Ale88]

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

To be honest I think that China doesn't really count that much after have been proved that the huge amount of volume on the Chinese exchanges was fake. India, well, did they ever count? I don't think so. Luckily for us the most important Asian countries are Japan and South Korea, countries that have a "normal" government and are very open to new stuff.

[Aryadwipanggah]

I think Asian countries that have an influence on the bitcoin of China, we can see, every time China issued good or bad news about bitcoin there will be significant changes in bitcoin prices.

[cpoer2011]

I think China have the greatest influence on bitcoin. There are many news from china can effected to the bitcoin rate. Remember when the china government want to shutdown one of the biggest bitcoin marketplace Huobi. The bitcoin just goes down very hard but after the china government cancel it bitcoin just goes up very fast. The biggest company which produce Antminer (bitcoin mining hardware) called Bitmain Technologies Ltd based on Beijing China. So I think China is the greatest infuluence on bitcoin and the second is Japan. cmiiw thanks

[maydna]

I think first is China, they have a big mining farm but everything is changed now since Japan makes bitcoin legal and Japan replace China to be the greatest influence on bitcoin. but don't forget that South Korea wants to compete with Japan and China and I think they are ready for this and this three country will be big countries which have an influence on bitcoin.

[alroys]

China is a country in Asia that is very influential on Cryptocurrency. we know China has a very large population among other Asian countries. of course it will affect the development of Bitcoin. besides China, Is Japan, korea and India. there are also countries in Asia that have an influence on the growing of Bitcoin and Cryptocurrency in the World. namely Singapore and Australia, the two countries also have an advanced industry, and there is already a successful Cryptocurrency Project from Singapore. in fact many other Asian countries have an influence on Bitcoin and Cryptocurrency, the State of the Arabian mainland also has a great influence on Bitcoin and Cryptocurrency.

[pooya87]

the only thing that makes Asian countries such as China affect bitcoin (basically its price only) is the fact that people think they have a great influence. the fact its Chinese market may be big but it is nowhere near as big as the rest of the market specially the USD market since it is mostly global not just for US, like Coinbase which is getting users from many countries.
other countries like Korea and India don't even have that influence.

[Sinecoin]

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 think China and South Korea have the greatest influence over bitcoin and crypto in general.  China generates massive mining power which is one source of their influence but they also influence through FUD which was very apparent after the fake announcement that china was banning bitcoin came out which caused the massive drop in prices.  South Korea's influence stems in the amount of people who trade bitcoin in SK which was apparent during the bull runs when ether hit $1700 on their exchanges while it was only $1k in the U.S

[bettercrypto]

Even Japan will just starting to make legalization in cryptocurrency. I think that there innovation and technology will help them to become influential all over the world.
I came from one country in Asia also but I am bias with Japan because it can make a great and possible things in crypto industry. I bet for Japan!