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Author Topic: Trade war Influences on cryptocurrency  (Read 1332 times)
Rustamm
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August 24, 2019, 06:32:59 AM
 #21

Perhaps the trade war between the USA and China will not have a strong impact on the price of cryptocurrencies in the short term. But in the long run, you can see that many countries develop their cryptocurrencies. For example, the trade war pushed the Chinese government to create stablecoin, this will help China bypass US sanctions and bans. Therefore, in the long term, a trade war should give rise to cryptocurrencies.
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mindrust
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August 24, 2019, 06:41:42 AM
 #22

You can't think trade war and currency war separately.

The Trade war brings a currency war along with itself. And a currency war means constant QE's, inflated FIAT, rising asset prices...

FIAT already loses its value over time but it wasn't happening that fast so average Joes wasn't panicking that hard. Now USA and China is starting a war, these currencies will be in constant dumpster mode. It won't be limited to USD and CNY neither. EUR will join too.

Where do you think all those excessively printed FIAT will go? Even the average Joe's will wake up and see what's happening this time. Gold already gave the first signs. Gold may go as high as $2k maybe a lot higher.

Bitcoin definitely will be above (at least) $50k if this madness keeps going.

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August 24, 2019, 05:37:21 PM
 #23

Fiat doesn't lose value because of the trade war, it increases the prices for sure and that creates some sort of inflation which decreases the value of fiat you are right about that. However at the same time it is creating a "lack of" situation everywhere else as well, so while you have american dollar becoming worthless over time in USA, it is making it worth more around the world because trade war caused it not be able to go around the world.

So, you are not giving dollars to Chinese and they have less of it which creates a demand by the Chinese and that increases the value of it. You have to calculate which one is heavier, is the lack of dollar around the world increases the value more or is having more of it in USA decreases the value of it more, and that is something we can learn only after years of this not right away.
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August 24, 2019, 07:59:39 PM
 #24

Crypto community tend to believe that every world problem (both politics & economics) influence Bitcoin price positevely. Is it really true?
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August 26, 2019, 09:17:26 AM
 #25

Crypto community tend to believe that every world problem (both politics & economics) influence Bitcoin price positevely. Is it really true?
It is true but aside from having positive impact, it can also affect bitcoin price negatively. For instance, in politics the government might pass a law that can inhibit or control cryptocurrency. This will have a huge negative impact in the crypto industry.

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August 26, 2019, 11:31:15 AM
 #26

I don't think the trade war will influence cryptocurrencies since we all know China banned Bitcoin and any other cryptos.

Maybe the US can affect or influence it but I don't think that that will be so huge that we need to worry about it. Also, the items from China going to US and items of US going to China will be the one affected mostly here, I don't think we should connect cryptocurrencies here.
for me there's a possibilitIies that US can manipulate the market because US has a largest partners in investing on cryptocurrency ,such bitcon and eth    If this war happen for sure there will be a drastic fluctuation in the market . I hope  that it will not go further because it will be a long bear season again for sure.
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August 26, 2019, 12:01:50 PM
 #27

I have been taking notice of trade wars news and actual taxes but haven't seen any influence on crypto markets, i think that there is a very week connection or nothing at all. The trade  war has a big impact on stock markets .

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August 26, 2019, 01:16:12 PM
 #28

When there is political or economic turmoil, there is high probability that national currency of countries involved in the turmoil decrease in value. At this time, people rush to safe assets. This is what we have experienced with gold many times. Both Yuan and dollar holders try to protect the value of their money and then all people will follow them. Gold is now a safe asset and it can attract many people who want to protect the value of their money. Bitcoin can be also attractive for people. Bitcoin has shown some good signs in the past months and many investors will consider that. So, bitcoin price will rise.
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August 26, 2019, 04:09:27 PM
 #29

We haven't seen any effect whether positive or negative, crypto market still continue to go day by day. If there is an impact, we should have seen the price going healthy and moving to a positive growth.

I see some.
With the Sino American conflict and investors' tendancy to be worried about a recession, we can see more and more of them turning to safe-haven, such as gold. (you can check charts)

What does this have to do with Bitcoin? It has been following the gold price for 3 months (you can check charts too to see the correlation). It means that investors tend to consider Bitcoin more and more as a safe haven. (Are they right or not is something else)

Compared to Bitcoin, does it remember you something for the past 3 months?

[im g width=400]https://i.imgur.com/Y7MaueP.png[/img]

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We have all been seeing bitcoin fluctuates, gain massive increase sometimes, and then sometimes dump hard and none of us could really explain what is making this to happen other than we associating it to trades, bulls, and bears but there are factors that are happening in different locations that is making this to happen, and one of them could also be this trade war between them both and you may never know.

Their citizens might be passing money through the bitcoin market to make payment for good s and services and you know that has they demand, the price of bitcoin will increase, and has they withdraw; we will also see the effect of it. No one of us is sure of the effect of this war on bitcoin, but it might be having without making bigger impact.
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August 26, 2019, 05:34:46 PM
 #30

I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?


The issue of effect of trade war on the effect of bitcoin has been over-flogged already and several opinion has been made and positions given and this thread would not change it. The point is, if there is going to be any effect on bitcoin, we probably should have seen it already and so loud that it can be traced but now that the whole issue is expected to be resolved due to series of talks and negotiations, I don't expect any further effect whatsoever. Although, in my opinion, there is room for some marginal changes during this period but would not be linked directly to the trade war because even without any major thing happening in world economics or politics, bitcoin has been used to several increase and decrease intermittently.
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August 26, 2019, 08:59:12 PM
 #31

The USA and China are the strongest economy we have in the world at the moment. This power allows the two countries to influence whatever happens across the globe. To some extent, trade war between these two powerhouse countries can easily affect the prices of all commodities including bitcoin and all cryptocurrencies.
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August 29, 2019, 03:54:27 AM
 #32

I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?

Here's an article on it
https://www.publish0x.com/xpinvestio/politics-trade-war-and-cryptocurrencies-xpndvl

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August 29, 2019, 04:11:38 AM
 #33

I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?


The issue of effect of trade war on the effect of bitcoin has been over-flogged already and several opinion has been made and positions given and this thread would not change it. The point is, if there is going to be any effect on bitcoin, we probably should have seen it already and so loud that it can be traced but now that the whole issue is expected to be resolved due to series of talks and negotiations, I don't expect any further effect whatsoever. Although, in my opinion, there is room for some marginal changes during this period but would not be linked directly to the trade war because even without any major thing happening in world economics or politics, bitcoin has been used to several increase and decrease intermittently.
The trade war has been going on for a long time, and yesterday there was a trump statement to attract outside investment, but I don't think it has anything to do with bitcoin, it should be like that, investors are looking for new investment lands like bitcoin, but it has no effect

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August 29, 2019, 06:07:02 AM
Last edit: August 29, 2019, 10:27:45 AM by marcbitcoins
 #34

What the average investors need to do is to avoid investing in dollar or maybe bitcoin. But I don't think bitcoin can be affected because most investors can convert their fiat into cryptocurrency and bitcoin is the most sort for.

Crypto is still affected because crypto is also used for direct spending and trading goods in both countries. We need to make crypto currency to be more frequently useful like if we are using crypto on every shipment but due to trade war then the constant use of crypto will be limited and its demand will be reduced too as we cannot be able to buy, sell and trade goods in these countries anymore.
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August 29, 2019, 03:43:29 PM
 #35

Yeah, this is exactly the time when you do not buy but you do not sell neither. If you have no bitcoins then do not get in right now, wait for it to make some moves and if it goes up or down doesn't matter you can get some.

However, if you have some bitcoins, do not sell them right now, wait for it to make a move and if it goes down you can buy some more but if it goes up then you can sell it. Right now is not the time to do anything at all, if you buy right now then there could be a bear coming around right now and drop significantly and you would be upset, however if you hold bitcoin then you probably got it around here anyway and there is a chance it can go up so the risk worths it if you are already in it since you already holding but if not then you should stay away to make sure you get in at a better point.
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August 29, 2019, 04:12:19 PM
 #36

I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?
We cannot avoid losses if we invest cryptocurrencies because it has high volatility. Even the Professional traders are also experience loss so we need to expect that we will lose. But we can insured to them that Bitcoin is not a scam and they will not getting scam if they know how to do it, and guarantee if they have Bitcoin they will really earn profits in it in the future.

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August 29, 2019, 04:15:21 PM
 #37

I just want to discuss with you guys, what influences it will pose on the cryptocurrency if the trade war between US and China continues and maybe even worse. And also, what can ordinary investors do to avoid losses?
Does any part wants this war? What about to look this time as a profitable one for some people? Bad times are great times for earning a lot of money.
In overall, does any side want that? Especially USA mustn't want it because China offers every product/service in very cheap price, this gives USA citizens to buy products in affordable price, also China's products are selling and getting profit.
I don't think situation will go worse, non side wants that, especially USA. If it seems like they want, doesn't mean in actually they really want it, as I already sad, bad times are great for some, especially "big" people.

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August 29, 2019, 06:19:51 PM
 #38

Trade war between US and China effected on many third world countries as well mainly on the field of IT but it won't affect the generic investor of gold but stocks might get depreciated due to the loss of economical balance on countries so people or investors can hold crypto currencies to avoid but I fee that the trade war also affecting the bitcoin since we are under 10K now and keep decreasing.

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August 29, 2019, 06:56:59 PM
 #39

Crypto is highly manipulated.

Does US needs imports from China, yes and no. There is Bangladesh, India,

USA is a current global debt provider. Money it borrows via treasuries are partly spent on exports indirectly. So tariffs simply reduce amount of usd China gets.

Effect on crypto. For BTC to go above 20,000 bitmex would have to lose its ability to manipulate btc with affiliated exchanges via wash trades. Or strong buy volume making bitmex bust.

Global economy cool down is likely to boost demand for crypto from Chinese should China  devalue yuan more. And if USA will devalue USD more, same effect.
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August 30, 2019, 04:42:53 PM
 #40

I have been in two wars in my life, 1991-1995, in that time inflation in my country was 19.819%, we had a 500 billion dinar bill, prices get doubled every 16 hours. I have some banknotes from that time, it was crazy time. War in 1999 was not so big, we was bombarded by US and NATO allies. Crazy but for short time, and very different from the first one.
Point is that in war some people don`t have for food, some others make fortune. Believe it or not, every war have winners and losers. Who are winners, well the ones without conscience, losers are mostly ordinary and normal people.
Back than we wasn`t so connected and we didn`t have cryptocurrencies like we have now. This change the game for many people, many will see the safe heaven in this and I think every current and next war will push people to join crypto. We are sick from governments and their wars and war profiters. Many wish to live a simple life and be simply free.

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