US vs China Trade War: Bitcoin Next Victim?

[Ranly123]

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 don't think these trade war against this two giant nation's will lead to cryptocurrency breakdown. Most likely they are testing their pride about their own phone flagship and if US will ban Huawei then China will strike back by banning apple in their country too.

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[Yakamoto]

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 don't think these trade war against this two giant nation's will lead to cryptocurrency breakdown. Most likely they are testing their pride about their own phone flagship and if US will ban Huawei then China will strike back by banning apple in their country too.

A trade war over phones has almost no chance of affecting Bitcoin, unless the CCP decides that Bitcoin is a subversive Western invention that's trying to destroy the fabric of their society. Of course, one would think that they would have already declared that, but you should never underestimate the ability for governments to invent new reasons to ban something. Considering the relatively "neutral" stance that Bitcoin has, since it's not a project that lends its origins to any single nation, it shouldn't be politically impacted by any trade wars that go on. In fact, it might be used by some of the people within these countries to escape the economic ramifications that come from a typical trade war.

As for Huawei vs iPhones in the trade war, worst case is that China bans the manufacturing of iPhones, but that'd significantly impact their internal affairs because of the high revenue stream that iPhone production generates. I don't think that there will be anything that extreme, and Huawei wasn't a massive success in the US anyway, based on market share. Chances are it will be a death by a thousand cuts in this trade war.

[LUCKMCFLY]

Not that it is an empire or that they control everything, it is simply a commercial problem, where there are no agreements and break, obviously Huawei is the most affected because they do not have as much strength, their biggest market is in countries like the USA, where there is a high volume of consumers, and that high consumer style makes them a big market. If Huawei takes as a quick initiative to introduce it into the Blockchain technology, it would be a masterful solution, but the Chinese would have to comply with the mandates demanded by the blockchain technology, this means that any blockade, or any prohibition against bitcoin, altcoins or the use of cryptocurrencies they must be canceled. However, it is to be expected that these exits have already been fully evaluated and I return and fall, the US market is the largest in the world, Europe too but I think that more consumerism is in the USA.

Huawei will be very difficult to get out of this huge problem, maybe consider joining another recognized brand to join forces and this company will not go down, because stocks in the Stock Market will lower and lower.

The consequences when these problems exist are very minimal, they have to find a sister company that can join together so as not to lose development, these types of problems always happen, when they occur, it is so that another new brand emerges with greater strength. the one that is dying.

[mr.robot8]

luckily the Chinese cryptocurrency exchanges are out of reach of the US and therefore they have nothing to fear, huawei is already organizing to equip their phones with a proprietary operating system

[BL46K 7193R]

Yes, and I think bitcoin may be the next victim due to the US vs China Trade War. But I can not say anything specifically about this. Yes, US and China have a big deal with Bitcoin and US vs China trade war If it continues, its Bitcoin can have its worst effect. When the US vs China trade war are going on between two major influential countries, it is unlikely that its impact on Bitcoin may be more.

[joshy23]

luckily the Chinese cryptocurrency exchanges are out of reach of the US and therefore they have nothing to fear, huawei is already organizing to equip their phones with a proprietary operating system

That's what they've informing / advising their users, they will create their own system to cater the issue with playstore, we will see in their next
updates if how they will perform and updates everything, with this trade war issue crypto might have some exceptional ends as it's not really
controlled by any country but those who loves blockchain system,

[big_daddy]

USA cannot live without China's rare earth materials.

China presently produces more than 95% of all rare earth materials that are vital in the creation of a big variety of electronic technologies including lithium car batteries, solar panels, wind turbines, flat-screen television, compact fluorescent light bulbs, petroleum-to-gasoline catalytic cracking, and military defense components such as missile guidance systems.

So this cold tech war will end very soon

[aad140386]

In fact, quite frightening events are happening in the world now and no one can predict their consequences. The trade war unleashed by the United States against China and Russia can cause global changes in the world, but as often happens, the consequences of this war we will see in a few years, since we all know that the train cannot stop quickly and changes in the world can be unpredictable. No one knows how far this confrontation will go, but I know for sure who will lose in this war. These will be ordinary people.

[Apes]

trade war between US and China has nothing to do with cryptocurrencies. US is ashamed to admit that China is more advanced in technology trade. US trade war is a form of US despair which loses in global sales. Cryptocurrency is not a victim in this case, in my opinion becomes a bridge of trade between USD & Yuan so both sides get the same profit.

[CBANX Ltd.]

The US-china trade war has entered to the next phase and scenarios seems to be stretched long and expensive; G-summit which is going to be held in next will decide the next Bitcoin victim.