Problems In Chinas Economy & Escalating Trade War Will Cause Large Bitcoin Rally

[allthingsluxury]

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.


Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

[rose9696]

I think the war between China and America will make the crypto market profitable. Because the cryptocurrency market is a decentralized market and it does not seem to be affected too much from other financial markets.
A great field in the technology environment. Venezuelan people have also come to Bitcoin to buy more in the past. Chinese and Americans will soon find Crypto.

[Beerwizzard]

I think the war between China and America will make the crypto market profitable. Because the cryptocurrency market is a decentralized market and it does not seem to be affected too much from other financial markets.

Not being affected also means that this trade war wouldn't make crypto market profitable. You are contradicting yourself.

Just IMHO but the main problem of chinese economy is not a trade war but their economic system. Their economy looks pretty much like in USSR. Chinese politicians may spend billions in order to provide funding for some road construction that is not needed at all. That is made only in attempt to increase their GDP but it doesn't give us the real effect. Considering how much money they spend on nothing Trade War is not really a big deal.

[CryptoBry]

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.

This is a great evidence that bitcoin can really act as a great and popular safe haven during times of troubles, problems and chaos. Just like the real gold, bitcoin is now cementing its reputation on this aspect but the main difference with the real gold is that bitcoin has more potential for excellent and amazing growth. The more that there will be problems in many countries' economy and the more that countries are getting into trade wars, the better bitcoin is gonna perform. And this is also showing us that despite banning bitcoin, moneyed people in China can easily get away and own bitcoin. Geographically, they can go to Hong Kong or Macau just to buy some bitcoin or even visit any Asian country for that matter.

[Decksperiment]

This indeed makes sense as investors are looking for safer havens to protect their investments but not only in China as news came out lately of an upcoming major global recession and those who are invested heavily on stocks are opting to diversify some of their investments to BTC and other major crypto which I think will be very good for the whole crypto industry itself.

[avikz]

Jason talks about how China's economy getting worse plus the US vs China trade war escalating means that many CCP elites in China and rich Chinese businessmen are getting around capital controls and getting their savings out via Bitcoin.


Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/05/problems-in-chinas-economy-escalating.html

I doubt anything of that sort will happen! China has already come down heavily on bitcoin and I am sure Chinese elites will not take such risk unless and until they want to flee out from the country. Even if some elites decide to use cryptos to safeguard their wealth (which is highly unlikely) they will use a portfolio of cryptos.

It's true that the trade was escalated pretty quickly, but don't think China depends only on US. They have retained number one position in international exporter's list since 2009. The trade war will definitely impact them, but not to that extent where they will have to find an alternate way!!

[Ailmand]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

[dothebeats]

Possible. We saw a lot of manufacturers and giant companies side on the tail of US in the trade war following the Huawei ban for Google services. It only starts from there and I think a larger effect will be seen once other aspects of the trade ban start materializing. I for one believe that China is somewhat caught between a rock and a hard place here, and can only do things on their own which, I think some Chinese people wouldn't fancy in any way. Assuming that this trade war gets even nastier, people will soon see bitcoin as a way to escape the devaluing Yuan, and boy it will be quite a spectacle for the rest of the world to see (not that I want China to lose its economic strength but oh well.)

[tippytoes]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

[uray]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

Bitcoin is the right tool that can be used in situation like these and once people understand the real value in this market i was aware of the potential a long back and hence i took special interest in bitcoin and other things in the past especially mining because it was evident that it will be the future when it comes to trade and transactions and to over come certain restrictions and over come government sanctions. I am not sure whether the current market rally is because of these trade wars, either way it is good to see things change.

[AjithBtc]

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time. Now with the payments app alipay, tencent each and every form of payments were made without any intervention of banking bodies. When it comes to USA the same is being done through visa, and other payment processors along with banking system. In China most of the people even don't have a bank account. This cause a major loss in revenue to big giants and that pressure is getting reflected in such a way.

[orions.belt19]

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time. Now with the payments app alipay, tencent each and every form of payments were made without any intervention of banking bodies. When it comes to USA the same is being done through visa, and other payment processors along with banking system. In China most of the people even don't have a bank account. This cause a major loss in revenue to big giants and that pressure is getting reflected in such a way.

Actually, trade wars have already been ensuing between the two. Tensions are high right now between the two. The huawei ban on google services may only be the start of it. Even while China has been trying to separate themselves through tencent and alipay, they will still be affected. The huawei ban will affect users globally. But even with these events, we can't say for sure what the Chinese elites will do. It might even be better to keep their bitcoin during these kind of times.

The US has raised their tariffs on $200bn of Chinese products, and is starting to make an additional of $300bn of Chinese goods. If this trade war continues, the global economy will be affected.

Source

[jseverson]

I doubt anything of that sort will happen! China has already come down heavily on bitcoin and I am sure Chinese elites will not take such risk unless and until they want to flee out from the country. Even if some elites decide to use cryptos to safeguard their wealth (which is highly unlikely) they will use a portfolio of cryptos.

They use OTC exchanges which are still perfectly legal there, meaning there is negligible risk outside Bitcoin tanking. Given the nature of OTC trading, it's not going to impact prices directly, but could have trickle effects of some sort.

I don't think there will be trade wars, what's been happening around is the fear on China getting completely cashless in few years time.

It's literally starting now though, with the US and China raising tariffs on each other's products. This has nothing to do with being cashless.

[Pamadar]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

[nur rochid]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

China has always been clever to take advantage of the opportunity to become the most influential country about the economy. last year there was a dichina issue that crypto was banned, but I think there is another purpose behind it, and we believe China holds a dominant role in cryptocurrency

[traderethereum]

Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.

You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not?

And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not.

China has always been clever to take advantage of the opportunity to become the most influential country about the economy. last year there was a dichina issue that crypto was banned, but I think there is another purpose behind it, and we believe China holds a dominant role in cryptocurrency

Although they are a good player who can use the opportunity, they cannot be clever in all situations, and I am sure that in one moment, they will make a mistake.
We can let China decide whatever they want to and if they really want to ban cryptocurrency and prohibit mining, then we cannot do anything because that will be their regulation related to cryptocurrency.
I am sure if China really out from the cryptocurrency, they will still watch out the developing of cryptocurrency, and they will still give a part in the secret without anyone knows.

[TheCoinGrabber]

I thought China has further increased control over crypto flow? Regardless of that, the eventual mining ban could as well cause a price hike if no alternative large scale mines take over producing.

I'm more interested about the elites in other nations are gonna respond to the trade war the increasing uncertainty. Many people here in the forum are speculating that the money the Rothschild got for selling that forest is gonna be invested into crypto and that they are just waiting for, or might even engineer a crash to buy in low.

[stompix]

I think the war between China and America will make the crypto market profitable. Because the cryptocurrency market is a decentralized market and it does not seem to be affected too much from other financial markets.

Not being affected also means that this trade war wouldn't make crypto market profitable. You are contradicting yourself.

You have to spin it somehow that is good for bitcoin no matter what, right?  

The problem is that a real economic war happens, not the small kicks we're witnessing now all the countries are going to suffer, and if commerce is gone most will care about their job rather than some cryptos that are no help at all. There will be no Chinese elite anymore and no money left.

And even if they would use BTC to get around capital control, just as they buy BTC they will also dump them to get their fiat back. If they wanted to invest in BTC they had years for it.

But I'm always amazed by how some bitcoinist pray for bad things to happen just so that bitcoins can gain another 100$ in price...

Many people here in the forum are speculating that the money the Rothschild got for selling that forest is gonna be invested into crypto and that they are just waiting for, or might even engineer a crash to buy in low.

Oh god....
I heard the flat earth society is also heavily invested in litecoin!  /s

[kryptqnick]

With China's economic problems escalating it seems natural to expect China to make the US pay the huge financial debt. As the US is not doing great with such payments, the next likely action is the US printing more money to make the payments. This, in turn, will eventually lead to dollar collapsing because of uncontrollable inflation. After that, it's hard to predict the impact on cryptocurrencies. I think at first it might be negative with people following the general panic disposals of money. However, this kind of event could boost adoption, since cryptos are inflation-resistant.

[cryptjh]

Both the Chinese yuan and the American dollars are being printed in so huge numbers that it should end in a global currency collapse one day, but that day can be 20 years from now. So the bitcoin rally can take decades, where people each year can see that there fiat currency can buy them less each year, while their bitcoins over the years will increase there buying power.