How does the US and China trade war affect bitcon? How do people think ?

[Getmon]

Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect. 

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

Crypto mining does not even have a large stake in that useless trade war. This ongoing trade war is really absurd and unnecessary. Only their proud leaders want this disorder. They do not care how it all affect the lives of billions of people because they are already wealthy enough. Lucky for us because we are in crypto. If this trade war will continue, fiat currencies involved will also suffer due to decreasing trades. If this will happen, daily stuff will become expensive due to limited importation of goods, and depreciation of fiat value will be faster. Crypto is going to grow as a more viable alternative in the process.

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[AniviaBtc]

Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect. 

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

China has the highest population in this world, so do you think USA can easily dominate China in terms of bitcoin mining? I don't think so.

Although USA is more advance than China in terms of technology, the percentage of labor is much more higher than USA. China is very competitive in terms of money and economy. They will do anything just to dig more for them to become more powerful above all country.

And I think that the trading war will affect the bitcoin price in such aspects.

[bitcampaign]

US and CHINA trade wars in my opinion will not affect bitcoin, although bitcoin could have benefited or lost from the war between the two countries, I am still asking if a faster payment process such as using bitcoin will help them also export faster and import, speed might also have an effect on bitcoin and the two countries, and even then it seems like the two countries are the most annoying countries for some bitcoin communities

[binhvo1505]

Currently, about 81% of Bitcoin operations are located in China. Antpool and BTC.com (two bunkers owned by Bitmain China) account for 32% of Bitcoin worldwide. This concentration of Bitcoin exploitation means that the majority of Bitcoin traded worldwide is exploited in China. This continues to increase the impact of Bitcoin supply and demand from Chinese investors and RMB owners.

The shift from the US-China trade war that has intensified, the depreciation of the high-priced yuan, together with the bitcoin exploitation in the world dominated by China will make Bitcoin more and more valuable. in this country. What next can you guess?

Of course, these are just predictions, the market will have many changes that we did not expect, but the impact from trade war on Bitcoin and crypto is yes, and of course we can not ignore. .

I totally disagree with your views. Many bitcoin mining workshops but not necessarily the owner is Chinese. Many mining factories appear there because in China there is very cheap electricity prices in some places and the government has no laws prohibiting it. Besides, the rent in remote areas is also very cheap and that is why many businesses from abroad come to China to rent land and electricity to exploit bitcoin.

[supercanada1]

Bitcoin does get affected by the economical changes of the world. Either it will gain value or lose some. When the existing money system will fail in helping people, then bitcoin would be the answer. By decentralized, it means that no one can claim to control or own it. And that is true because if it was possible, then the country with such power would have been the richest and definitely super power.

No dude. BTC gets affected by the demand and supply of the market. What gets affected by the trade war between US and China is most likely the economic markets of the two countries as well as the purchasing power of their respective fiat. BTC doesn't gain nor loses value due to war, and again, it gains and loses value DUE to demand and supply. It seems like BTC is clouded because some of the traders are from the US, some from China, BUT not all traders come there. IF you say that it is affected because of such reasoning, then me killing some trader could be said to affecting BTC, which is stupid, like really.

All the assets are ultimately judged by the demand and supply thing but neither the supply of bitcoin is in hands of this coin or the demand and even if their national currencies lose their worth, bitcoin won’t because the currency that will lose won’t be the one showing bitcoin worth. Let’s just have a scenario of deep web. The war of these two countries hardly affects people of that world. Demand wont decrease in deep and dark web for sure. This is just one illustration.

[meliodas]

The average investors in the stock market of US will be thinking about the possible back up investment or other options if the trade war takes effect negatively to their economy. It might affect bitcoin in a positive way because people will be pushing their money into bitcoin because they know that bitcoin is cannot be influenced by any economic situation so their value will be well kept in bitcoin.

[Andrews193]

US and CHINA trade wars in my opinion will not affect bitcoin, although bitcoin could have benefited or lost from the war between the two countries, I am still asking if a faster payment process such as using bitcoin will help them also export faster and import, speed might also have an effect on bitcoin and the two countries, and even then it seems like the two countries are the most annoying countries for some bitcoin communities

I also have the same thought as you, the trade war between the US and China will not be related to bitcoin because Bitcoin is not a particularly important area, we can see the interest of the US and Chinese governments, they almost ignore it if I don't want to say they hate it. While talking about the trade war, the important point is the cooperation between the two countries, import and export goods and financial and stock markets, this war will affect people in these areas, bitcoin has no value in this war

[clickerz]

The average investors in the stock market of US will be thinking about the possible back up investment or other options if the trade war takes effect negatively to their economy. It might affect bitcoin in a positive way because people will be pushing their money into bitcoin because they know that bitcoin is cannot be influenced by any economic situation so their value will be well kept in bitcoin.

Well, I am expecting the bitcoin price to go up as demand increases. Adoption will rise because of this trade war as an effect since people or businessmen will mostly prefer bitcoin when transacting. It is fast and easy, and partly anonymous too without any politics and boundaries.

[wxxyrqa]

The average investors in the stock market of US will be thinking about the possible back up investment or other options if the trade war takes effect negatively to their economy. It might affect bitcoin in a positive way because people will be pushing their money into bitcoin because they know that bitcoin is cannot be influenced by any economic situation so their value will be well kept in bitcoin.

In any case, the US government will understand that their aggressive policy towards other countries can lead to negative consequences, where other countries will be able to use cryptocurrency for various financial transactions and refuse to use the dollar.  Such actions can greatly affect the credibility of the United States of America and its economic stability.

[Ozero]

I don’t think that the trade war between the USA and China will somehow significantly affect the price of bitcoin. States practically do not use bitcoin in trade agreements, and citizens will continue to use cryptocurrency without any problems. Moreover, both the United States and China announced the creation of their national stable coins and will continue to use them. These countries are too far apart in a geographical sense, as well as in the state of their economies. A trading war will affect ordinary stock markets, but not the cryptocurrency market.

[Getmon]

I don’t think that the trade war between the USA and China will somehow significantly affect the price of bitcoin. States practically do not use bitcoin in trade agreements, and citizens will continue to use cryptocurrency without any problems. Moreover, both the United States and China announced the creation of their national stable coins and will continue to use them. These countries are too far apart in a geographical sense, as well as in the state of their economies. A trading war will affect ordinary stock markets, but not the cryptocurrency market.

Their decision to create their own cryptocurrencies will have more potential effect to the price of Bitcoin than the trade war. If this trade war will reach its worst case though, it might be good for Bitcoin's price. But it looks like this trade war is temporary. Upon stepping down of Trump, the US might also change their stance regarding this war. The policy of the next leader of the US might not be in congruence with the current foreign trade policy of Trump.

[EdvinZ]

I think a trade war between the USA and China could affect the price of Bitcoin. These are 2 countries with the most developed economies in the world. The economies of other countries depend on them. For example, if any country will enters a severe economic crisis as a result of trade sanctions, its citizens may start buying bitcoins to protect their funds from hyperinflation of the national currency.   

[justdimin]

There could be better ways and we could both have bitcoin being loved by the governments while the governments are not being at war against each other but that doesn't mean that this is not working out for us.

Bitcoin hasn't been high for too long now but governments will eventually look at it in a way that they could cut the losses in between and go to source directly, that means eventually there would be governments who will use blockchain to their own benefit which would show the world bitcoin which is based on blockchain is a good investment and create some sort of high adoption increase which in return will increase the price.

We just have to wait for it but of course politics change insanely fast so what is good for us right now could be scrapped and rewritten just tomorrow and we wouldn't be shocked.

[SummerBliss]

I don't think this trade war will effect BTC in any way. This is just diplomacy between two countries which happens from time to time. Nothing major takes place in cryptocurrency market due to this. Moreover it's just a matter of few months before this war is over and things run back to normal.

[supercanada1]

US and CHINA trade wars in my opinion will not affect bitcoin, although bitcoin could have benefited or lost from the war between the two countries, I am still asking if a faster payment process such as using bitcoin will help them also export faster and import, speed might also have an effect on bitcoin and the two countries, and even then it seems like the two countries are the most annoying countries for some bitcoin communities

I also have the same thought as you, the trade war between the US and China will not be related to bitcoin because Bitcoin is not a particularly important area, we can see the interest of the US and Chinese governments, they almost ignore it if I don't want to say they hate it. While talking about the trade war, the important point is the cooperation between the two countries, import and export goods and financial and stock markets, this war will affect people in these areas, bitcoin has no value in this war

That is one way of looking at the picture. People who hold the opinion that this war can affect bitcoin is due to the fact that bitcoin worth is represented in dollars and if dollar gets hurt, it will hurt bitcoin too. Some think it will rather increase bitcoin’s worth and the number of investors will also increase. In my opinion, all the negative things of fiat affect the digital coin market in a positive way.

[avatar_kiyoshi]

That won't affect Bitcoin, they prefer gold.

China is even more hypocritical in my opinion, recently China only wants blockchain technology applied to their government in other words they want to make their own cryptocurrency which is basically centralized. It doesn't really support bitcoin / altcoin itself. They want to take advantage of the moment of hype, so people are aware of their coins to get the profit from it.

Additional information: China is blocking etherscan websites for their countries recently (I don't know now), this proves that they do not want their citizens to use coins other than their own.

[bdivrik]

China and Russia are making new moves every day. China is already very strong in Bitcoin mining. Russia is after its own projects. The US is the greatest power of the current economic order. Russia wants domestic software to be installed on technological tools. I don't think Bitcoin should be monopolized by any country.

[Omega Weapon]

Because part of that trade war is the Crypto mining, now the USA wants to directly compete against china in bitcoin mining, and we know china will not stay there with cross arms, so, things will get hot in that aspect. 

The materials to build the miners are part of that war, so, ofcourse it affects bitcoin. But at the end Bitcoin price isn't just based on those factors, so, that will not affect the bitcoin price at all.

If true then this is good for bitcoin, for a long time China has had a huge advantage over the rest of the world when it comes to mining and even if they do not lose that position of leadership if at least a country can become a real challenger to that position then that will be good for this market, but as you say that is not really going to affect bitcoin and its price that much since the only ones that care about such things are those that buy mining equipment.

[Vishnu.Reang]

China and Russia are making new moves every day. China is already very strong in Bitcoin mining. Russia is after its own projects. The US is the greatest power of the current economic order. Russia wants domestic software to be installed on technological tools. I don't think Bitcoin should be monopolized by any country.

Even if China and Russia make an alliance, I seriously doubt whether they will be able to take on the United States. The US remains the largest economy by a long distance. There were a lot of rumors about China overtaking them, but those predictions were never realized. The Russian technology lags behind that of the Americans, while the Chinese are only good in plagiarizing.

[iram3130]

It may affect in a negligible margin but the impact will not change much in the market. The war is beneficial for other countries which are trying to outsmart US and China but its really hard to compete. If countries like Saudi or India take cryptocurrency to their market and start using it, even very minute level then we may see a huge boom in the market.