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Author Topic: Which Asian countries have the greatest influence on bitcoin?  (Read 3966 times)
Ale88
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June 05, 2018, 05:22:05 PM
 #201

I think China is influencing Bitcoin more. Even though China have banned Bitcoin transactions, the people of that country is contributing more towards crypto currency. China has more number of mining done in their country as well. Next to China I can say it should be India, this country hasn't took any stand on crypto until now and there are more people involved in crypto trading.
Many people though China had a large control over bitcoin market because of the fake volume of the exchanges, now we know for sure that China is not that important, it's just another country like many others. Japan and South Korea are way more important (and serious).
Grechkatx
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June 05, 2018, 05:26:53 PM
 #202



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 that these countries are China and Japan. After all, they are the most advanced and I think that there are quite a lot of people who attract these crypto-currencies so they have a fairly large impact on them.
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June 05, 2018, 05:38:10 PM
 #203



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.

well thanks for your information, i agree with your opinion. I think china, japan, south korea and india have greatest influence on bitcoin, but i think is a big influence on bitcoin, because Japan has the third largest economy in the world (u can see this link https://www.weforum.org/agenda/2018/04/the-worlds-biggest-economies-in-2018/). Japan with a large economic level and supported by the regulation of bitcoin, I think this can affect the price of bitcoin in the market.

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June 05, 2018, 05:42:43 PM
 #204

Most of Asian countries our influenced by the system of bitcoin. But i think developing countries in Asia is the most centered on opportunity because bitcoin needs much more support by the people who are willing to take changes and development in terms of transaction and trading that could give them opportunity to earn and to gain profit in the future.
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June 05, 2018, 05:44:54 PM
 #205



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

Means China and Japan are the countries that controlled Bitcoin because they are very influential in Asia. I hope Asia will get better in terms of crypto currency like this.
Polina Malina
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June 05, 2018, 06:24:40 PM
 #206

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.

I wonder what country you are from, if you have such a prejudiced attitude towards China))
Maybe you have some personal scores with them?
Marlo Stanfield
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June 05, 2018, 06:55:38 PM
 #207

It will probably simply be influenced the most in a way which is directly proportional to the size of their economies. For now that's China, followed by Japan. It will probably stay that way for the indefinite future.
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June 05, 2018, 07:59:30 PM
 #208

Asian countries seem to have some countries that have demand and circulation of bitcoin, perhaps one of them is in singapore neagra that has a very good cryptocurrency development.

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June 05, 2018, 08:03:00 PM
 #209

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.

They openly accept bitcoin payments too there. They are one of the innovators and lead country that reaches out the innovation bitcoin and crypto can do in our lives. Mt. Gox is also the first cryptocurrency exchange that's been established on Japan until it collapse or file a bankruptcy.
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June 05, 2018, 10:37:33 PM
 #210

In Asia, BTC is the most popular in Japan!
The legality of payment methods such as Bitcoin and other cryptocurrencies has been recognized, and some Japanese businesses have begun accepting Bitcoin as a payment method!
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June 05, 2018, 10:48:54 PM
 #211



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
Large countries in Asia like China seems to be one of the most powerful and influential countries that carry out holding Bitcoin cryptocurrency. Nowadays, the power of Japan, China and Korea turns out to be the leading countries in Asia with a progressive economy which have that great influence in terms of the price movement happening in cryptocurrency and together with India, these 4 big countries do entirely have that power of influence to somehow manipulate the price movement of Bitcoin for the fact that we all know Asia is the biggest continent in the world where most number of cryptocurrency users can be found.

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June 05, 2018, 11:04:42 PM
 #212



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 I agree with you that china and india has a great  impact on bitcoin because many of it population are doing cryptocurrency, and the recent regularization on tge said countries affects bitcoin. But still there are more asian countries that are involve in cryptocurrency, phillipines for example, I kbow alot of crypto trader in the philippines and with the fact that they can pay tuition, buy atuff and pay government services using bitcoin is a big plus!
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June 05, 2018, 11:29:02 PM
 #213

When it comes to cryptocurency dealings, I will choose Japan and China as the best influential countries in Asia and even the whole crypto world. Most of the big mining companies are situated in China and Japan as well making it very influential when it comes to bitcoin and cryptocurrency in general.
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June 05, 2018, 11:40:40 PM
 #214

I still believe that the asian country that have the greatest influence in botcoin is the country of japan. The system of japan when it come to bitcoin is very commendable.

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June 06, 2018, 12:07:03 AM
 #215



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

Because one of the factors of cryptocurrency price fluctuations specific in bitcoin and other alternative coins is the law of demand and supply and I think everyone of us in this forum should not that. We must be aware and knowledgeable about this concept. So, if we are to consider these factor, as we all know, China has been the one of the largest population in the world. And not just by population but also, the business minded individuals, that they want to earn money through business and not by working. So, cryptocurrency and bitcoin is on their list, we can conclude that there are a vast number of miners and traders in China thus any acts or verdicts presented to them by their government affects their traders and the whole world.

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pendong101
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June 06, 2018, 12:23:26 AM
 #216

Earlier China has big influence in Bitcoin but not anymore i think cause they're going against it,and Korea has a big influence in trading they top the charts.
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June 06, 2018, 12:29:56 AM
 #217

China has a lot of exchanges from companies prepared in China. I can find people who want to invest in bitcoin in china as well, but because they ban bitcoin it really hurts them. Japan we do not have to worry about them. They've made bitcoin and other cryptocurrencies legally used in every city and countryside in Japan. So they already support bitcoin. I think India will have a good impact on Bitcoin prices. We've seen a decline in Bitcoin prices when the finance minister there announced about taking action against illegal activities linked to Bitcoin in India.
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June 06, 2018, 12:37:09 AM
 #218



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 that is Chinese. China continues to crack down on Bitcoins and other virtual currencies. The Chinese government continues to implement measures to ban digital money transactions, tighter control of online platforms and mobile applications for this transaction.
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June 06, 2018, 12:44:42 AM
 #219

Chinese government's virtual currency restrictions have had a huge impact on bitcoins and other coin substitutes over the past several months. In addition to the ban on e-currency trading last year, the next target of the Chinese government is the domestic platform that allows centralized trading without clearly delineating the difference between these platforms.
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June 06, 2018, 12:45:32 AM
 #220



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 that is Chinese. China continues to crack down on Bitcoins and other virtual currencies. The Chinese government continues to implement measures to ban digital money transactions, tighter control of online platforms and mobile applications for this transaction.
Agreed, China is one of the big market for cryptocurrencies all around the world. In particular it is the one that helped with the cryptocurrency based growth during the early days of bitcoin into usage. Later on when more restrictions came into effect Japan has took the place of China. Now I think Japan sits first as the most influential country from Asia with partial support from the government.

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