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

[stompix]

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.

First, debt doesn't work that, China has bought that debt under some condition, your bank can't come knocking at your door and ask you to pay your entire mortgage tomorrow.
Second, the US is doing actually great with those payments, that's why people are buying it because of it some of the most secure assets.

Second, China is the last country that would want to see the dollar experiencing inflation and Americans losing purchasing power. They rely on the US for 500 billion in exports, losing that market would be a blow to their economy, cutting 20% of their total exports and more than halving their trade surplus. Combine that with tens if not hundreds of thousands of job losses and it's nothing Chinese officials want to happen.

[barbara44]

[im g]https://i.ibb.co/CKZC1xR/Bitcoin-Rally.png[/img]

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

Well whatever economy challengethey are having or any trade between them that makes them see bitcoin has solution or way out of some of the circumstance will surely favor bitcoin in a big way, but for now, I don’t really see people of china, especially the influential ones use bitcoin as solution to any of their problems yet.

They still have some doubts about the system and until the air is cleared about it and bitcoin is generally supported in china before they can even consider it as an option, but if it’s to move money without them being traced, I am sure some of the elite may think of bitcoin.

[uneng]

China needs foreigner markets to sell their stuff (and in large quantities to be profitable), Usa is a main customer, Trump is protecting the national industries increasing fees over chinese goods, Chineses profit decreases, industries have to slow down their production, their economy is totally affect, weaking yuan, then the elites need to save their personal economies from devaluation and bitcoin looks a very good option. The scenario is interesting for Usa and bitcoin, although for China it's a disaster.

[Jating]

China needs foreigner markets to sell their stuff (and in large quantities to be profitable), Usa is a main customer, Trump is protecting the national industries increasing fees over chinese goods, Chineses profit decreases, industries have to slow down their production, their economy is totally affect, weaking yuan, then the elites need to save their personal economies from devaluation and bitcoin looks a very good option. The scenario is interesting for Usa and bitcoin, although for China it's a disaster.

But I don't think China will feel the effect just like that. They have built their economy in the last 10-20 years and no one can simply stop, not even US, imho.

But I would have to agree that bitcoin or crypto is one investment platform, that the rich and wealthy Chinese might be looking at this point.

[Shenzou]

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

[Cosbycoin]

It's funny how we just assume that every rich man is using Bitcoin to store their value just like their are no other means for them to store their values. Well, I'm not trying to say I'm not okay with that, if it's true, I'm okay with it. Like who doesn't want to make profit these days? Though one thing I'm always sure about is that after the rally they will still withdraw and cause the price to plummet after it has gotten to peak price. But one thing for sure is that I'm always ready for any thing that happens.

[awik p]

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

yes, hopefully this will have an impact on bitcoin, which is a common currency, so there is no more industrial competition that affects the currencies of each country. if this is true, BTC investors will smile

[Gozie51]

I think the war between China and America will make the crypto market profitable.

Sometimes I reminisce about the purpose of the creation of bitcoin and they are plenty in my head. This is one area that bitcoin importance will boom and the price will skyrocket. Gone are the days when people will struggle to carry their money to run away from a war zone or territory. What you need is just to convert and hold your cash in bitcoin.

[XFlowZion]

This economical war has been going on for quite some time, and it will still do china creates more cheaper products just to contests against the big companies that are US origin, i mean we recently have seen that google which is american based company banning Hawaii phones which is a Chinese from using the android OS for no reason at all other than it doing well and better than the others and it is taking over, and this is caring over to other companies, and this will really effect the Yen, which leads me to believe that many businesses mans will invest more into Bitcoin and they will pressure the government into reconsidering the Bitcoin mining ban.

yes, hopefully this will have an impact on bitcoin, which is a common currency, so there is no more industrial competition that affects the currencies of each country. if this is true, BTC investors will smile

If you ever feel thanking Trump for this then think again. That madman is unpredictable and this outcome just shows how far he can go when his insanity kicks in so you guys better wish that he won't intervene with cryptocurrency trading in US. Remember that he is not into btc so once  someone convinces him that crypto is not good for US then we don't know what will save this market.

[creeps]

I think the war between China and America will make the crypto market profitable.

Sometimes I reminisce about the purpose of the creation of bitcoin and they are plenty in my head. This is one area that bitcoin importance will boom and the price will skyrocket. Gone are the days when people will struggle to carry their money to run away from a war zone or territory. What you need is just to convert and hold your cash in bitcoin.

We are thinking too much, but the situation right now can give positive impact on cryptomarket. China and America wont stop this trade war until the people realize that their fiat money is on risk, and left no choice but to invest on cryptocurrency. This is going to happen soon, cryptomarket will boom and companies will have their reserve money on cryptocurrency.

[Febo]

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

Not just trade wars with China but also situation with Iran. And all other countries looking what is going on. Each such events decouples USD and world reserve currency a tiny bit and pushes Bitcoin an inch closer there.

[LUCKMCFLY]

Well now there is one more option because the Chinese economy is in a certain discord with the USA, because the system that is given by Huawei with the USA has much to disagree.

The savings can move or make withdrawals with bitcoin, like the purchases of the same, the operations that are most visible is because there are more purchases currently, it may be due to the operations that are currently taking place.

The fact that this is happening in China will not see the direct impact with bitcoin, whenever bitcoin is sold, there is a buyer who acquires it, it is what is simply known as the Law of Supply-Demand.

But the commercial war that is generated will not affect the market directly of bitcoin, the only way that can be given with greater intensity is that it directly affects as a fundamental that directly affects the Chinese or American economy.

[Reid]

An escape route. Yeah that could happen. Maybe they should first think of how they can get it out when invested with bitcoin.

I bet China government will be freezing all their accounts just so they cannot go away with it. They better move fast.
As of US, it aint really new that they will come up with something like this. Cornering China just so they could get the upper hand again and maybe shake rich people to leave and not support China anymore.

Why is US so scared with China?!!! I guess this will a long trade war. There might be no missiles but it will hurt them both.

[Kakmakr]

China will get the upper hand on these trade wars when the US realize that some key minerals needed in electrical equipment can only be sourced from China. So, China has some leverage to negotiate better deals with the US to improve their situation. 

Bitcoin losing more than 80% of it's value would put some damper on people's motivation to use Bitcoin as a safe haven, but as the video emphasises, Bitcoin is a borderless currency and it is an excellent tool to bypass sanctions and controls that are being done by international Banks. <Also one of the reasons why Bitcoin is not banned in China yet, because the government is using it to bypass some of these controls> 

[freedomgo]

<Also one of the reasons why Bitcoin is not banned in China yet, because the government is using it to bypass some of these controls> 

I agree with this.

When bitcoin will be use by this rich and big capitalist that would bring massive demand on the market.
It's just timely that these trade war just got aggravated this time and bitcoin is also very bullish, this theory really helps me to relax and just HODL.

Thanks for the input.

[DmitFomin]

The economic situation in China is indeed in a sad state, and the indicators that they declare are significantly overestimated, the real situation is much worse. Therefore, I also think that the rise in the price of Bitcoin is associated with an increase in demand for it from the Chinese government and Chinese businessmen.

[Juggy777]

China will get the upper hand on these trade wars when the US realize that some key minerals needed in electrical equipment can only be sourced from China. So, China has some leverage to negotiate better deals with the US to improve their situation. 

Bitcoin losing more than 80% of it's value would put some damper on people's motivation to use Bitcoin as a safe haven, but as the video emphasises, Bitcoin is a borderless currency and it is an excellent tool to bypass sanctions and controls that are being done by international Banks. <Also one of the reasons why Bitcoin is not banned in China yet, because the government is using it to bypass some of these controls> 

China getting upper hand seems difficult even if we take into consideration those minerals you’re referring to, cause Trump is a shrewd businessman and he’ll play his cards well to give advantage to USA in this trade war. Trump has already done the damage by banning Huaweii, and many other nations have followed suit and banned it too. The last line I’ll completely agree as it’s the only way they can take money out of their country without any bank or country knowing about it.

[klaaas]

Not just trade wars with China but also situation with Iran. And all other countries looking what is going on. Each such events decouples USD and world reserve currency a tiny bit and pushes Bitcoin an inch closer there.

Where governments are questionable bitcoin becomes more and more a good option to flee to.  I guess a good portion of adoption comes from those directions.

[Theb]

The US wants another booming Asian country to get down on their knees. What they are doing to China is what the US did to Japan in the 80s with the trade war they launch. Just like what they did before they are trying to block China's products by giving an unreasonable rate increase of their tariffs which will make their products much more expensive than their local goods.

But to be honest China is on a different level and I don't think that US can sway the game with jusf rate increases as remember even their companies depend on the labor force of China, most of the US brands I see including Apple and Google phone are made in China if they threaten to push up the trade war against them. US companies will be caught in the crossfire and I don't think Trump can take the risk of all of their products not being produce in China anymore because Xi Jinping really has the power to ckose all their factories down.

[sheenshane]

But to be honest China is on a different level and I don't think that US can sway the game with jusf rate increases as remember even their companies depend on the labor force of China, most of the US brands I see including Apple and Google phone are made in China if they threaten to push up the trade war against them. US companies will be caught in the crossfire and I don't think Trump can take the risk of all of their products not being produce in China anymore because Xi Jinping really has the power to ckose all their factories down.

This is what I worried about in crypto between these two countries war, I am being scared that there is a very big chance for the Bitcoin to become back in dump again price or illegal because of this.
If there are 2 major countries who are waging a trade-war game, there is a big chance for their economy to lose a lot. The businessmen and
elite people in both countries would attempt to convert their assets to a decentralized market. However, the international government could
also implement banning bitcoin and decides to do so because of these. It is because, in our law, it is considered as a money laundering.