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Author Topic: US vs China Trade War: Bitcoin Next Victim?  (Read 492 times)
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May 24, 2019, 05:39:51 PM
 #21

Even if there will be a trade war between China and US, even with Huawei and Google problem, i think bitcoin will not be affected and even then will grow and and people will start invest on when see the bitcoin price growing.
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May 24, 2019, 05:43:22 PM
 #22

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

Trade wars has actually benefited cryptocurrencies. With companies unable to trade directly with banking system, they'll do so with crypto.
There are many companies in between Huawei and US tech companies that would benefit from the indirect trade fueled by bitcoin and crypto.
Trade embargo has always paved new roads for crypto.



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May 24, 2019, 05:49:13 PM
 #23

Upon the trade war between USA and China bitcoin is not gonna get affected. Huawei being a leading technology giant doesn't have anything relative to our bitcoin. From my understanding if there arise a war or restrictions/ban over the mining equipments then our bitcoin and cryptocurrency network might gets crashed. Until then we're not going to get affected now.

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May 24, 2019, 06:10:44 PM
 #24

funny trade wars, America and China felt each other the greatest in the economy, but they (US) forgot, that Iphone spare parts were in China  Grin
If that would associate crypto values, especially bitcoin, it would look even more strange. they should see the difference is an advantage if together.
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May 25, 2019, 04:58:30 AM
Last edit: May 25, 2019, 05:40:25 AM by iGotSpots
 #25

Let's be honest.. China would very easily win nearly instantly if they wanted to

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May 25, 2019, 05:18:10 AM
 #26

Us and China trade will affects the whole world and may they can come for bitcoin too but the problem and competition among these two are not a new but it is started from the last decade and China is the big economy for the world so the war between them can be dangerous for the whole world.

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May 25, 2019, 05:36:10 AM
 #27

Huawei is now in the top three in terms of market share of smartphone sales, I do not think that it will be possible to break such a Corporation.I'm not sure this war will affect the cryptocurrency in any way.
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May 25, 2019, 06:33:43 AM
 #28

Let's be honest.. China would very easily win nearly instantly if they wanted to

Agree, China holding biggest US bonds and if China want to dump this bonds, i can not imagine what happen with USD. Beside that, China is biggest consument in soybean and i am believe US already suffering about soybean supply and price
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May 25, 2019, 06:35:03 AM
 #29

"victim"?!!
bitcoin is not even affected by this trade war between US and China let alone be the "victim" of it. that could have been a concern if bitcoin was really being used as a currency for trades on a big scale but we all know that bitcoin is used as a currency but only on a very small scale and it is still treated mostly as an investment.
so the connection you are trying to make here doesn't even make sense.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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May 25, 2019, 06:45:26 AM
 #30

I can't see how this theory makes any sense. Yes, there is ongoing trade war between US and China but Bitcoin has not anything to do with it. To be affected Bitcoin should be formaly used and recgonized in economies of both countries and we know that isn't the case. So I really don't understand your point because it makes no sense at all.

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May 25, 2019, 03:25:07 PM
 #31

I can't see how this theory makes any sense. Yes, there is ongoing trade war between US and China but Bitcoin has not anything to do with it. To be affected Bitcoin should be formaly used and recgonized in economies of both countries and we know that isn't the case. So I really don't understand your point because it makes no sense at all.

My point makes sense in that China produces the vast majority of hashing power and mining equipment, its invested in a huge range of blockchain startups and projects, it holds western capital in its exchanges and both it and the West are now arresting each other citizens for political gain.

Clearly both China and US have the capacity to disrupt crypto in a number of ways. Does that make things any more clear to you or too simple minded to take this onboard?

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May 25, 2019, 03:41:15 PM
 #32

I was thinking about it when USA ban China mobile brand Huawei and If china legalize bitcoin in their country so dollar value could be drop.
China also ban apple brand in their country and em sure china really don't care about apple or android. Huawei now working on their own software.
In this war china is more powerful than USA. Will this war really affect crypto market?
https://beincrypto.com/bitcoin-legal-to-own-in-china-says-pboc-lawyer/
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May 25, 2019, 04:07:18 PM
 #33

Huawei can only blame themselves for this, because they tried to hide microscopic circuitry inside the equipment that they manufactured to spy on whomever used their technology.  Wink

The US is not entirely innocent too, because they did the same thing with the exploits that they imbedded into the firmware of their Cisco equipment a few years ago. It is only political games that are part of the US trade wars with China and this will soon blow over, when the US realize that they need the minerals that are only sourced from Chinese mines.  Tongue

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haidil
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May 25, 2019, 05:27:56 PM
 #34

Even if there will be a trade war between China and US, even with Huawei and Google problem, i think bitcoin will not be affected and even then will grow and and people will start invest on when see the bitcoin price growing.
Hopefully BTC is not affected by the trade war between China and US. if it is affected by the time to buy and hold until it rises again. hee

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oseikuf44
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May 25, 2019, 06:13:29 PM
 #35

Bitcoins is out of US and China trade war. Their trade war is concerned over the countries trade policies which has not a got anything to do with Bitcoin. Bitcoin is universal currency and their respective action can't be used as a weapon against the other.
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May 25, 2019, 11:38:32 PM
 #36

Huawei is now in the top three in terms of market share of smartphone sales, I do not think that it will be possible to break such a Corporation.
You can easily break it if they no longer are allowed to make use of Google services, which means that even the open source version of Android has become pretty much useless.

I don't see how their smartphone division can recover from this if it continues for years straight. It's incredibly difficult to create and properly market your own ecosystem with alternative apps and whatnot.

I'm not sure this war will affect the cryptocurrency in any way.
It might stimulate non reversible cross border payments through Bitcoin, which is a big deal. Countries in trade war use their financial systems to exercise control over money flows they don't like and censor them at will.

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May 26, 2019, 12:09:54 AM
 #37

Bitcoin is not yet allowed in both countries, who know 1 might jump in because of this Trade war

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May 26, 2019, 02:32:27 AM
 #38

i think, it will again because now bitcoin grow up price for now. So, mybe USA or China will also back for bitcoin. I sure for future will any next victim, but i don't know who will victim.

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May 26, 2019, 10:13:02 PM
 #39

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
US government try to dump Huawei industry it's planning from long time ago i know that in some international news but finally happened. Crypto is not related here so that i don't think crypto will harm for this announcement trade war between US and China because of it's very different industry from crypto.
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May 26, 2019, 10:42:30 PM
 #40

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
At some point, it is not just Huawei is being banned because of their trade war. China banning Apple too on their country as if this trade war will not gonna make both of them bleed if their customer starting to decline in numbers.

So far there is no certain announcement yet that is made to target the Bitcoin, but it is hinting the China and US to make a move for this trade war to target cryptocurrency.

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