Hong kong and China war can lead to possible Bitcoin popularity

[vintages]

Without any announcement or any official news related to it, I will not expect anything from both countries.
I have always believe that whatever decision China make can not affect Bitcoin and still have that notion.
Without either China or Hong Kong, Bitcoin will always be popular.
The history of Bitcoin should tell us that a country rejection or acceptance of it, (especially that if China) will not affect it.

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[akram143]

Without any announcement or any official news related to it, I will not expect anything from both countries.
I have always believe that whatever decision China make can not affect Bitcoin and still have that notion.
Without either China or Hong Kong, Bitcoin will always be popular.
The history of Bitcoin should tell us that a country rejection or acceptance of it, (especially that if China) will not affect it.

When we got the news of bitcoin banned in China the prices starts to be extremely bullish so it actually did good thing to crypto when they tried to oppose it.

[Bitcoin Seller]

Without any announcement or any official news related to it, I will not expect anything from both countries.
I have always believe that whatever decision China make can not affect Bitcoin and still have that notion.
Without either China or Hong Kong, Bitcoin will always be popular.
The history of Bitcoin should tell us that a country rejection or acceptance of it, (especially that if China) will not affect it.

Chinese people know what to do. Previously, it was supposed that China bans cryptocurrency trading in order to do its own, as it has already done with Google. But the point is completely different, the crypto developed by the Central Bank of the country will not become a competitor to Bitcoin, but will replace the national currency. I am not sure it will affect Bitcoin popularity.

[fiulpro]

Actually all the articles about bitcoins and news covering everything and telling people what bitcoins is .. they are just publicizing everything for free .. people trusts news channels and they are making everything out in the media and at the same time using the same technology for making their own cryptocurrencies I think ..they are telling everyone how it is legit .

Every war related to bitcoins is making it more popular.

[Argoo]

Have big problem between CHhina and Hongkong but we don't know have positive or negative effect for bitcoin and altcoin price, China have not accepted bitcoin anymore and have banned using bitcoin as transaction payment last several years.

The wave of protests in Hong Kong continues to expand, people are building barricades in the streets and stopping subway trains. This is a pretty serious conflict. The authorities did not need to allow such an increase.
We observe that in such centers of conflict and in the territories adjacent to it, the rate of cryptocurrency, and primarily Bitcoin, is growing significantly. It is likely that this will happen this time, even despite the position of the Chinese government in relation to bitcoins.

[7788bitcoin]

Actually all the articles about bitcoins and news covering everything and telling people what bitcoins is .. they are just publicizing everything for free .. people trusts news channels and they are making everything out in the media and at the same time using the same technology for making their own cryptocurrencies I think ..they are telling everyone how it is legit .
Every war related to bitcoins is making it more popular.

I doubt whether you have read what the thread  is all about, the Hong Kong and China cold war is not about bitcoin and it solely because of the Chinese plan on changing the financial capital from Hong Kong to Shenzhen and there are other political turmoil in the region as there is a huge protest going on in Hong Kong and people were supporting their cause with the help of bitcoin funding who shared their same views.

[TheGreatPython]

The biggest reason that I heard was that there was a law that president wanted to pass that said Hong Kong could give a prisoner to China. I mean if you commit a crime in Hong Kong then you should be jailed in Hong Kong but with that law you would be capable of sent to China instead and Hong Kong didn't want to be sent to China.

So, they said there should be some sort of referendum and ask the people of Hong Kong if they would accept and the President didn't do it which is why there are protests everywhere. That is the info I have however this was read on reddit and not some official place so I don't know how real it is, maybe I am wrong, we should be looking for someone from Hong Kong to come up and tell the true story of why they are protesting.

[coin-investor]

We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.

The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.

Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.

We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.

Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/

Because of the Hongkong people's willingness to fight for their rights, the bill is now aborted of course Chinese people in Hongkong will need to protect themselves from this scenario from happening again because another bill could come out again.

And you are right Cryptocurrency is such a good option to adopt, in case the bill or similar will pop up, I think many Chinese are now doing it.

[Wonder_woman]

We all know that China doesnt want to be involved on cryptocurrency for some reasons but after whats happening to China and Hong Kong, it seems like bitcoin would be the main option.

The two countries are currently under stress because People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China.

Hong Kong people obviously engaged in a rally for them to change the leader's mind. With this, the people, most specially rich ones wanted to withdraw all their money in China or makes it anonymous that's why they are eyeing on bitcoin as the main option for transferring of wealth.

We dont want to have this kind of war between people or countries. Even though it will be a good way of boosting bitcoin, i hope it will not end in that way and resolve the problem of both countries. Its still not safe there till now. Lets pray for the people's safety.

Here's the full article
https://bitcoinist.com/hong-kong-protest-china-bitcoin-assets-offshore/

Possible that bitcoin will be recognized to the whole world because it will flash to the whole networks.And people will be currious what is all about. And there people will find out and they will recognize that bitcoin is good for the many because  you can earn bitcoin in your own knowledge and have more understanding about it how to earn money.

[abhiseshakana]

What happened between China and Hong Kong was not war but tensions over the planned unilateral extradition law from Hong Kong to China. War is almost impossible between Hong Kong and China.
Why?? Talking about war is no longer an economic problem but rather a matter of geopolitical geostrategy. Fighting China is tantamount to giving North Korea a reason to show its military power to the world, arguing that it feels threatened by the possibility of American support for Hong Kong.

It is possible that with this tension, many investors will withdraw their investments in both countries and move them to become digital assets. Indeed the information about withdrawal transactions from Hong Kong has high traffic but this will not have a major impact on bitcoin because previously digital assets in China were indeed large. This is only a matter of moving from the right pocket to the left pocket.

I hope everything will be resolved peacefully. The growth of cryptocurrency is not worth the well-being of human life. China is a very authoritarian country.

China is not actually an authoritarian country like North Korea. China is considered an authoritarian country because there is only one party in China, namely the communist party and no elections in China, so China is considered an authoritarian country in terms of the number of parties.

In a sociological and anthropological way, the Chinese people are not materialistic people, they are bound by culture, religion, and community. All results are always for the common good, not for the benefit of a group of people. The Chinese people assume, for what many parties and many flags, such as the understanding of Liberal democracy in the West and the US if in fact, the results are only for the interests of investors and the Party, while many people are colonized by the system.

[boltz]

Some of us forget that in the early 2000 the tension rise to another level between China people and Honk Kong people and since then it escalate year after year because protests have been every year since then. The 2 system 1 country won't work and China mainlanders already express their vocals that Honk Kong must be again under China Government all of these lead to high tensions again and the wave of protesters gets bigger and bigger also the violence is sad in my opinion as I saw kids beaten up hard and medical staff could not get there to help them with first aid.

Regarding your question , I don't see how a war like this could lead to Bitcoin popularity because Honk Kong cannot even cash out their money so how could they even buy bitcoin with something they don't have ? If somehow their Central Banks will allow withdrawals to all the citizen ( because we know they are facial scanned there ) maybe then this will lead to actually rise of the decentralized coins but not bitcoin. Just watch the Hustle Of China and compare it with bitcoin projects from China because to me, it looks the same but on a different scale.

[DaftAjax]

War is far more gruesome and barbaric than what's really happening between "mainland" China and Hong Kong. It's politics, and if you ask me it could be worse than war, but at the same time, politics form government and laws. So Hong Kong disagreeing with the bill that "mainland" China proposes is an obvious reaction, considering that Hong Kong has been a Special Administrative Region (SAR), it is allowed to operate as an independent country, so pretty much what happens in Hong Kong stays in Hong Kong but "mainland" China doesn't want that.

1) China is not actually an authoritarian country like North Korea. 2) China is considered an authoritarian country because there is only one party in China, namely the communist party and no elections in China, so China is considered an authoritarian country in terms of the number of parties.

In a sociological and anthropological way, the Chinese people are not materialistic people, they are bound by culture, religion, and community. 3) All results are always for the common good, not for the benefit of a group of people. The Chinese people assume, for what many parties and many flags, such as the understanding of Liberal democracy in the West and the US if in fact, the results are only for the interests of investors and the Party, while many people are colonized by the system.

1) Well, it is an Authoritarian country.
2) Makes it, even more, an Authoritarian country.
3) I'm skeptical about this. Considering Hong Kong doesn't agree with the way "mainland" China runs(?) And by the way, it is not for the common good, but for the benefit of a group of people, naming Communists.
4) This is all over the place (meaning, I'm not sure about this).

[Brunus]

I honestly don't see any possible relationship. And in any case, no superpower has any interest in favoring the development of a VERA cryptomoneta, which would be out of its control.
Instead, he will try to create a fake one.

[wxa7115]

Of course there would be increase in bitcoin purchases in Hong Kong. Think about what would you do yourself. We are talking about a whole nation (well sort of nation) getting a pressure from another nation that they are super tied with and that big nation is basically killing you right now and making laws all by itself and demanding the nation to be ruled however they want.

You can't let that happen but you see the chaos and you see people protesting, you are basically facing the fall of your government even if not in democratic ways it is definitely not doing well in popularity. It means these people will of course will take their money and take it to bitcoin, I don't know how much it will affect bitcoin itself as a whole but it definitely will affect the adoption rate in Hong Kong.

But it is easy to know what will happen next, whenever people begin to take actions to defend themselves from the actions of their governments the government do not take this lightly, you can be sure that in the future cryptocurrencies are going to be banned in Hong Kong and since they are in the middle of a crisis you can be sure that the penalties for using cryptocurrencies are going to be huge.

This means that those living in Hong Kong will have very few options, they will have to decide whether or not they like the idea of their country being dominated by another one or to just get out of it and not come back and neither of those options is very appealing to me.

[romero121]

An initial opposition to the extradition bill started as a fight and the same has now turned to be a movement of opposition against the communist rule. 1st of October gets celebrated as China's National day, and this time how good the celebrations could be. It has been facing hard criticism from countries around the globe. Hong Kong on the other side keeps on gaining more and more support.

The protest has been taking place for months, and most of the protesters here were under the age of thirty. They keep themselves with perfect preparation to stand against the ruling. Now China has been experiencing pressure from various sides, very importantly it has been facing problems from human rights and finance. To end this is not possible in the short, and as there is financial burst it might affect the cryptocurrency to a very small level.

[Sithara007]

An initial opposition to the extradition bill started as a fight and the same has now turned to be a movement of opposition against the communist rule. 1st of October gets celebrated as China's National day, and this time how good the celebrations could be. It has been facing hard criticism from countries around the globe. Hong Kong on the other side keeps on gaining more and more support.

The protest has been taking place for months, and most of the protesters here were under the age of thirty. They keep themselves with perfect preparation to stand against the ruling. Now China has been experiencing pressure from various sides, very importantly it has been facing problems from human rights and finance. To end this is not possible in the short, and as there is financial burst it might affect the cryptocurrency to a very small level.

Media reports from Western channels such as CNBC, CNN and BBC can be biased. What I have observed is that although the protesters remain very vocal and aggressive, there is a large section of the Hong Kong population that wants to maintain good relations with China. And another point to be noted here is that despite all the provocations by the protesters and damage to the public property, till now the cops have not acted in a harsh manner, which is very uncommon for an authoritarian state such as China. That said, I don't think that this ongoing crisis will have a large impact on the cryptocurrency prices. Hong Kong trade volumes are low, when compared to countries such as Japan and South Korea.

[Heimer]

An initial opposition to the extradition bill started as a fight and the same has now turned to be a movement of opposition against the communist rule. 1st of October gets celebrated as China's National day, and this time how good the celebrations could be. It has been facing hard criticism from countries around the globe. Hong Kong on the other side keeps on gaining more and more support.

The protest has been taking place for months, and most of the protesters here were under the age of thirty. They keep themselves with perfect preparation to stand against the ruling. Now China has been experiencing pressure from various sides, very importantly it has been facing problems from human rights and finance. To end this is not possible in the short, and as there is financial burst it might affect the cryptocurrency to a very small level.

Media reports from Western channels such as CNBC, CNN and BBC can be biased. What I have observed is that although the protesters remain very vocal and aggressive, there is a large section of the Hong Kong population that wants to maintain good relations with China. And another point to be noted here is that despite all the provocations by the protesters and damage to the public property, till now the cops have not acted in a harsh manner, which is very uncommon for an authoritarian state such as China. That said, I don't think that this ongoing crisis will have a large impact on the cryptocurrency prices. Hong Kong trade volumes are low, when compared to countries such as Japan and South Korea.

Not only they can be biased. They ARE BIASED and most of them are straight up leftists. But besides this digression I don't think that conflicts in china can significantly help bitcoin

[skyline247]

Bitcoin was certainly already massively popular and both Hong Kong and China before these unfortunate recent events by the corrupt Chinese government. You can't blame them, because any one who has been touched by Donald Trump is susceptible to become corrupt if they do not have thick enough skin to see past his lies and deception. However, hopefully Hong Kong will prevail and China will come to their senses and do the right thing and make peace.

[dimonstration]

Bitcoin is already popular in Hongkong or in China, they are just forbidden to use it before since China is known really in opposing cryptocurrency, due to this war only they decide to have their own cryptocurrency similar to Libra. Since they see how it process and they knew they can have transactions without being traced by any. Hope their war will end soon, it will not benefit their country and their people, they both have same raise so they should learn to understand each others point.

[bryant.coleman]

Bitcoin is already popular in Hongkong or in China, they are just forbidden to use it before since China is known really in opposing cryptocurrency, due to this war only they decide to have their own cryptocurrency similar to Libra. Since they see how it process and they knew they can have transactions without being traced by any. Hope their war will end soon, it will not benefit their country and their people, they both have same raise so they should learn to understand each others point.

I don't think that the Chinese are forbidden to use Bitcoin. As far as I know, there are a number of cryptocurrency exchanges operating there. However, it is forbidden to exchange fiat to crypto. In China, they can only trade between various cryptocurrencies, and not between crypto and fiat. Earlier there were reports that the authorities were considering a ban on Bitcoin mining (more than 80% of the Bitcoin mining hashpower originates from China). But those plans were recently dropped. And even now, many of the largest Bitcoin mining farms in the world are located in China.