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bonker (OP)
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May 24, 2019, 12:44:19 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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big_daddy
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May 24, 2019, 12:49:22 PM |
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and the fomo is starting in
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If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.
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Ibizugbe1
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Activity: 272
Merit: 10
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May 24, 2019, 12:51:55 PM |
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I can't totally understand this write up, will this lead to bleeding of the bitcoin? or will Chinese government shutdown exchanges based in China, but major exchanges I suppose are not in mainland. I thought the issue of Hauwai has been resolved and Microsoft has started offering services to them again. Anyway, China has no control over bitcoin.
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CryptoBry
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May 24, 2019, 01:01:08 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
I believe that Huawei can never be wiped out by the US government as the market of this Chinese brand has already rooted in many countries across many continents. Though I am sympathizing with the USA on this trade war because I am sure that the Chinese hegemony is getting bigger and worldwide domination is what they are after for. Okay, enough of the politics. I understand that this trade war is helping to prop up interest on bitcoin, am I correct? In other words, the trade war just like any kind of crisis can make bitcoin more attractive as a safe haven (compared to the physical gold the original claimant for this title). The victims of this offing trade war can be USA companies that are doing business in China and vice versa but then again both countries are so open to negotiate so in no time at all I am certain this can be threshed out for good. |
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bonker (OP)
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May 24, 2019, 01:06:06 PM |
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I can't totally understand this write up, will this lead to bleeding of the bitcoin? or will Chinese government shutdown exchanges based in China, but major exchanges I suppose are not in mainland. I thought the issue of Hauwai has been resolved and Microsoft has started offering services to them again. Anyway, China has no control over bitcoin.
Android is shutting them out of the google ecosystem.. no maps, gmail, play store etc. Tech companies are cutting their links in droves. Huawai outside China is dead. The US is now extending this trade war to other Chinese tech comapnies. The question is at what point will this US action harm Westerns partners of Chinese Bitcoin exchanges and blockschain operations. I mean fuck if i got a bunch of funds on a Chinese exchange or I buy a bunch of Chinese mining gear I dont want this shitstorm affecting my quality of life. Just posing a "what if" question here |
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Pursuer
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Where is my ring of blades...
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May 24, 2019, 01:08:05 PM |
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well this "trade war" has been going on for a while now, it is not like it has started yesterday. and so far it had no effects on bitcoin price since bitcoin has been on the exact trend that was expected of it meaning a big breakout above the resistance at $4k followed by lots of FOMO and reaching the next major resistance at $8k. so I don't think this "trade war" or rather the continuation of it could start having any effects on bitcoin price now.
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Only Bitcoin
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hatshepsut93
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Activity: 2954
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May 24, 2019, 01:22:46 PM |
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Huawei pulled a lot of some shady shit, they are not targeted by sanctions simply because they are Chinese. If mining equipment manufacturers, exchanges and other Chinese crypto companies won't do anything like that, I don't think there's any reasons they will suffer something similar, unless the trade war will go all-out, whch seems unlikely, because the US wouldn't want to hurt themselves so hard.
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dothebeats
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Cashback 15%
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May 24, 2019, 01:24:59 PM |
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Are you hinting towards an exchange hack or something? As cryptic as your post sounds, it's assuming that some exchange will be a target of a hack as a result of the US-China trade wars. Ultimately, bitcoin will receive a pump on its value as money would need an avenue to escape both ends of the playing field, and gold together with bitcoin are the safest and easiest route to do just that. I just hope that what you're saying with an exchange is not true as I am certain that this will, again, place a negative remark on the security of bitcoin exchanges.
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bonker (OP)
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May 24, 2019, 01:31:35 PM |
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Are you hinting towards an exchange hack or something? As cryptic as your post sounds, it's assuming that some exchange will be a target of a hack as a result of the US-China trade wars. Ultimately, bitcoin will receive a pump on its value as money would need an avenue to escape both ends of the playing field, and gold together with bitcoin are the safest and easiest route to do just that. I just hope that what you're saying with an exchange is not true as I am certain that this will, again, place a negative remark on the security of bitcoin exchanges.
No I'm not hiniting at some stupid exchange hack, The US is working freezing Western institutions and companies with Chinese tech. I'm trying to ascertain to what extent this will spill over into the crypto domain. Chinese are heavy investors in the technology as there is a lot of potential exposure |
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Ferris419
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May 24, 2019, 01:38:27 PM |
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I don't think bitcoin is related to this trade war! This silent trade war between USA and China is not new, China banned Google, Facebook and many others network a long time ago. So, these things are not related to crypto. Bitcoin is decentralized, Bitcoin is not created by the USA nor China! So, Peace!
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Bitcoin is gonna hit 100K usd
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traderethereum
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May 24, 2019, 01:50:32 PM |
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I don't think that the US can go to wipe out Huawei as the China big tech company.
We know that the US has the power to do that, but that will not easy to do that thing.
They need to face with the Chinese forces that will support Huawei because China wants to protect their big company from getting more customer from all of the worlds.
That will interest to see the trade war that might happen in this year or the next year.
But I think bitcoin is not related to this trade war.
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Beerwizzard
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May 24, 2019, 03:41:15 PM |
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I don't think that the US can go to wipe out Huawei as the China big tech company.
The worst thing in that issue is that millions of innocent people around the globe (including US) are using Huawei phones are now getting screwed without android support and the other google shit. So at one day people may have the best flagman, but on the other day he can't install a single app on it. I don't think bitcoin is related to this trade war! This silent trade war between USA and China is not new, China banned Google, Facebook and many others network a long time ago. So, these things are not related to crypto. Bitcoin is decentralized, Bitcoin is not created by the USA nor China! So, Peace!
Why not? Mining equipment production is a pretty good chinese business so US may ban them. Also most part of mining power is concentraded in china so that is another reason for strike. |
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cointraderr
Jr. Member
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Activity: 82
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Trump says Huawei could be part of trade dealthe tension between US and China seems not to end very soon. China may have some strong impact on BTC but it cant eliminate or destroy the crypto market as there are many other players in this market.
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Artemis3
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Activity: 2016
Merit: 1563
CLEAN non GPL infringing code made in Rust lang
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May 24, 2019, 04:20:30 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped. Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive. |
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||bit
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May 24, 2019, 04:24:17 PM |
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Huawei getting more market share was always a threat to US. They simply don't want that.
Trump is a loose cannon and i can't guess how will he act next. But still, even things escalade bitcoin won't be the victim. In the contrary, bitcoin would be a safe harbor for investors while big economies having bad times.
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Kemarit
Legendary
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Activity: 3066
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May 24, 2019, 04:39:06 PM |
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First off, US can't wipe out Huawei, obviously they have their reasons for banning it in their country. Could be because of the trade wars that has escalated in the last 4-6 months or so. Second, I don't see any Chinese crypto technology and exchanges being on the firing line here. On the contrary, there have been a lot of speculation since this who drama, that the Chinese are hedging their wealth on bitcoin that's why the price have been gaining since February. So if there is an effect on crypto, it's been very positive up to this point.
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bonker (OP)
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May 24, 2019, 04:41:46 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped. Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive. Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted. I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor |
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OcTA Bd
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Join @Bountycloud for the best bounties!
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May 24, 2019, 04:48:41 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
1st of all , Huawei is not just depend on it's mobile phone production. They have a diversified business. They are the leading network equipment supplier. Also they recently started suppling 5G networking equipments to different countries. So, USA can't stop their business. Secondly, Bitcoin isn't controlled by China at all. So, there is no question related with this trade war. |
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Jating
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May 24, 2019, 05:08:17 PM |
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US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now
In the end Trump seems to just want juicy deals with them, its empty threats. How is this related to Bitcoin? I fail to see any connection. Bitcoin is not country bound, and its designed to avoid being stopped. Trump is lately annoying a bunch of Chinese companies, they could simply look elsewhere to do business with. Things in the USA are simply getting more and more expensive. Most of Bitcoin hashing power is Chinese, they are the worlds biggest exporter of miners they have some huge exchanges with Western capital tied up and they are invested int a wide range of blockchain projects. Thinking this trade war will have no effect on crypto is dangerouly short sighted. I jsut want some ideas as to where the vulnerabilities are as this looks like it coudl get real nastly. The US wants China dead as a competitor I would agree that we shouldn't overlook at the effects on crypto, but I don't see a point wherein we will severely affected because of this so called trade wars. Vulnerabilities could be on the mining gear, but if US blocks its import to their soil, a lot of nation can take advantage of it and take the lead. I'm also not familiar with Western capital tied up to huge exchanges. So I can't say what will be the impact for now. |
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Genemind
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May 24, 2019, 05:33:16 PM |
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Bitcoin would never get involved in Us and China's trade war. Huawei is a different part of the story. I'm sure that they wouldn't use or hit bitcoin because of their trade war because it's something that they couldn't control. Bitcoin could soar despite biggest country with a huge number of user's conflict.
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