Trade war Influences on cryptocurrency

[Betwrong]

Golds only reason to get any attention is that there is a limited supply and people really value it. The sad part about it is that there are stuff we use gold to produce, and sometimes they go to garbage, sometimes they are lost and in the end there is really a limited amount of gold, which means it will eventually get more and more valuable and will be literally unpurchasable for regular people at one point.

Same goes with bitcoin, just 21 million at max and we already lost millions of it I am sure, with more time passes there will be more losses and people forgetting their keys and all that which will eventually reach to a point we may end up with less than 10 million, that alone would make bitcoin go up super high in price. The resembles are uncanny.

Gold price has increased since the beginning of the trade war, it's true. But will it be increasing more is a big question. Don't forget that there are over 190,000 metric tons of gold on Earth, and almost any household has some gold in their possession. Since most people are poor, they start selling their gold when the price rises thus preventing the further rise. Also I read some articles where rich businessmen were saying they would rather bet on Bitcoin than on gold these days.

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[Fundamentals Of]

Golds only reason to get any attention is that there is a limited supply and people really value it. The sad part about it is that there are stuff we use gold to produce, and sometimes they go to garbage, sometimes they are lost and in the end there is really a limited amount of gold, which means it will eventually get more and more valuable and will be literally unpurchasable for regular people at one point.

Same goes with bitcoin, just 21 million at max and we already lost millions of it I am sure, with more time passes there will be more losses and people forgetting their keys and all that which will eventually reach to a point we may end up with less than 10 million, that alone would make bitcoin go up super high in price. The resembles are uncanny.

Gold price has increased since the beginning of the trade war, it's true. But will it be increasing more is a big question. Don't forget that there are over 190,000 metric tons of gold on Earth, and almost any household has some gold in their possession. Since most people are poor, they start selling their gold when the price rises thus preventing the further rise. Also I read some articles where rich businessmen were saying they would rather bet on Bitcoin than on gold these days.

Even with that 190,000 metric tons, gold will still be as coveted as before. It is gold, after all. Just like Bitcoin, gold has its ups and downs on its chart but if you zoom it out, it will show you an appreciating asset.

If this kind of trade war continues, I think it will benefit both Bitcoin and gold. Both are a safe way out when fiat currencies are fighting against each other. There's depreciation going faster with this uncertain and turbulent setup. But I doubt that the majority of businessmen will get into Bitcoin rather than on gold. The best possible scenario is that they will include a good amount of Bitcoin in their portfolio.

[The Cryptologist]

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?

They are just using the trade war to make a rumour that it will have a good positive on cryptocurrency specifically making the price of bitcoin surge up because of that economic problem. And now it is clear that it still having no positive on btc effect because there is no connection on increased tariffs to make the chinese buy crypto because of it. And if you want to avoid losses as an ordinary investor, don't believe anything that is hyped or shilled at you.

[Luthfiyaaa]

In my opinion what happened in the trade war is more to affect the value of imports exports from the two countries, indeed if it continues it will affect the economy in the world because the us and china have a big influence on the world economy. From that point in my opinion the bad impact will be a little to crypto, cryptocurrency is more decentral so external influences won't have a big impact.

but if external influences do not have a big impact on cryptocurreny, why is it difficult for the crypto market to rise now? US and China have a big influence on the world economy, do you think they can also make a world economic impact on cryptocurrency?

[Omair Amin]

It dose not create any set backs relating to trading even the trade war occur it depends in what way the market is going through and increase the reputation among est different facts that creates the major factor that enhance the possibility to you if you wanted to invest the BTC is reliable one which does not effect their tendency so you do not depressed and get the possible scenarios to avoid looses.

[Renampun]

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.

according to the news I got,
the reason China issued their country's cryptocurrency was an attempt to counter Libra cryptocurrency,
I am very optimistic that the CHINA & US trade war will provide clarity and new hope for the future adoption of cryptocurrencies in the future.

And also, what can ordinary investors do to avoid losses?

IMO, Investors who have entered at the wrong price must "HOLD' until the Bullish market recurs,
so that investor losses can be reduced.

[Betwrong]

~
Gold price has increased since the beginning of the trade war, it's true. But will it be increasing more is a big question. Don't forget that there are over 190,000 metric tons of gold on Earth, and almost any household has some gold in their possession. Since most people are poor, they start selling their gold when the price rises thus preventing the further rise. Also I read some articles where rich businessmen were saying they would rather bet on Bitcoin than on gold these days.

Even with that 190,000 metric tons, gold will still be as coveted as before. It is gold, after all. Just like Bitcoin, gold has its ups and downs on its chart but if you zoom it out, it will show you an appreciating asset.

If this kind of trade war continues, I think it will benefit both Bitcoin and gold. Both are a safe way out when fiat currencies are fighting against each other. There's depreciation going faster with this uncertain and turbulent setup. But I doubt that the majority of businessmen will get into Bitcoin rather than on gold. The best possible scenario is that they will include a good amount of Bitcoin in their portfolio.

Of course with thousands of years of appreciation gold can't lose its value in no time. No doubt that currently the majority of businessmen would rather invest in gold than in Bitcoin. But let's think of what can happen in the nearest future if, due to fast technological development, gold will be replaced with some sort of a synthetic alloy that is more efficient in conducting electrical charges? What if gold will be replaced in dentistry as well? What if gold jewelry will be out of fashion? In this case the price of gold can go down big time.And I wouldn't say that this scenario is highly improbable.

[beerlover]

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.

according to the news I got,
the reason China issued their country's cryptocurrency was an attempt to counter Libra cryptocurrency,
I am very optimistic that the CHINA & US trade war will provide clarity and new hope for the future adoption of cryptocurrencies in the future.

Looking at how libra may not even happen, it looks like china crypto currency can get canceled as well, it was definitely just a counter measure against Libra that part is known but if Libra doesn't happen do you really think China will continue with their own crypto? They definitely could, its still on the table but I feel like the only reason they will do it will be gone and they will have no other reason to do it. Its a risk they will not be willing to take and I honestly think its just a method of prevention for them.

However, if they continue with it than we will see the first big nation with its own crypto (Venezuela had one I think) and see how well it does and according to results of that we may see other countries doing the same as well or china will close and there will be none.

[Ranly123]

those two countries have a very strong influence on the global economy. IMO cryptocurency actually has a chance to win this competition.  if those two countries agree to use one special cryptocurrency for their trade, maybe their trade market will be equal.

Of course, China and America are two most valuable could try when it comes to economic growth. But basically, cryptocurrency do not have something to do with the trade wars since it is only applicable for golds and traditional trading.

[samridhi20]

A trade war does not influence the cryptocurrency and cryptocurrency is already in demand so no trade war influence.

[mazdafunsun]

There is not much that BTC market is influences by nowadays.
All the big news about some shop chain adopting btc do nothing, stock market movements also seems to have no impact on btc price. The same goes for trade war, no influence. To trully get influence on BTC market something huge has to happen, or just the current money should get the price to level which makes new players believe that btc will go much higher, like price of 14 k

[Micerker]

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 trade war always creates an opportunity for cryptocurrencies when all the countries participating in the war are negatively affected by this war. At that time, paper money will gradually depreciate due to the influence of the countries that have a more significant impact on small states. Cryptocurrency can replace paper money as a payable exchange worldwide with one click.

[hahay]

those two countries have a very strong influence on the global economy. IMO cryptocurency actually has a chance to win this competition.  if those two countries agree to use one special cryptocurrency for their trade, maybe their trade market will be equal.

Of course, China and America are two most valuable could try when it comes to economic growth. But basically, cryptocurrency do not have something to do with the trade wars since it is only applicable for golds and traditional trading.

Indeed, cryptocurrency has nothing to do with the trade war but at least indirectly it will have a negative impact on any existing asset. So the influence is definitely there even though it's not very visible and if cryptocurrency can make something more positive for trade between the two countries and maybe even the world, then of course it will be the best way to stabilize the disputes that occur.

[bitgolden]

Gold has been around for far longer than bitcoin but when you look at it there are not that many gold owners that makes any headlights, there are few hundred companies and all that but the small time "I got a gold bracelet" type of investments are not really that big of a deal so the remaining parties who hold over 10 million dollars worth of gold and the people who hold bitcoin are almost the same, of course we have to make it over 10 million for gold and all bitcoin holders but at the end of the day we always said the same thing, bitcoin is both dollar and gold at the same time and people didn't understand it.

It is dollars because you can spend it to buy something easily via online purchasing, it is gold because you are holding an asset that gains value when others fall.

[Betwrong]

Gold has been around for far longer than bitcoin but when you look at it there are not that many gold owners that makes any headlights, there are few hundred companies and all that but the small time "I got a gold bracelet" type of investments are not really that big of a deal so the remaining parties who hold over 10 million dollars worth of gold and the people who hold bitcoin are almost the same, of course we have to make it over 10 million for gold and all bitcoin holders but at the end of the day we always said the same thing, bitcoin is both dollar and gold at the same time and people didn't understand it.

It is dollars because you can spend it to buy something easily via online purchasing, it is gold because you are holding an asset that gains value when others fall.

And yet people are more likely to buy gold for hedging their savings. They continue to believe the old myth that "gold only rises in price", despite the fact that gold was $1,838 USD/oz in 2011 vs $1,497 USD/oz today. Too many years before the 21st century gold was indeed the best investment, so it can take some time before they realize that it is not anymore.

[Google+]

Trading wars can be a very big influence because there will definitely be those who use cryptocurrency to make money transfer transactions or use it for money laundering, so I think this cryptocurrency can have an influence that will make cryptocurrency prices go up or down depending on the war actors who wage war what use cryptocurrency trading is used for.

[micher143]

Trading wars can be a very big influence because there will definitely be those who use cryptocurrency to make money transfer transactions or use it for money laundering, so I think this cryptocurrency can have an influence that will make cryptocurrency prices go up or down depending on the war actors who wage war what use cryptocurrency trading is used for.

Bad publicity is still a publicity, I think any news regarding bitcoin will get the attention of the people because that is the main key for bitcoin price to go up, increase the demand of the people I am sure that the bitcoin price will pump. but yeah some news still making the bitcoin price to dump.

[wxa7115]

There is not much that BTC market is influences by nowadays.
All the big news about some shop chain adopting btc do nothing, stock market movements also seems to have no impact on btc price. The same goes for trade war, no influence. To trully get influence on BTC market something huge has to happen, or just the current money should get the price to level which makes new players believe that btc will go much higher, like price of 14 k

It is true that external factors are not moving the price of bitcoin that much anymore but this should be good news because it means that investors are more concentrated on internal events than in any external influence, however if external factors are huge enough you can be sure that bitcoin will be affected by them, and if the trade war continues and even escalates to the point that we begin to see an economic crisis then you can be sure that bitcoin will be affected by it.

But in what way bitcoin will be affected by an economic crisis? That is what I would like to know, it could be possible that bitcoin will be affected negatively since people will want to get their money out of volatile investments however it is also possible that the value of bitcoin could go up as people lose confidence in fiat currencies.

[Betwrong]

~
But in what way bitcoin will be affected by an economic crisis? That is what I would like to know, it could be possible that bitcoin will be affected negatively since people will want to get their money out of volatile investments however it is also possible that the value of bitcoin could go up as people lose confidence in fiat currencies.

I think, there will always be both kinds of people: those who prefer to invest in gold and hard currencies like US dollar, Euro, Swiss franc, British pound sterling and Japanese yen; and those who have more trust in other things, be it other than gold physical commodities, cryptocurrencies or something else. Although the former types are still the majority, there are millions of people losing their faith in gold and USD, and turning their sights to new opportunities.

[Rufsilf]

Trading wars can be a very big influence because there will definitely be those who use cryptocurrency to make money transfer transactions or use it for money laundering, so I think this cryptocurrency can have an influence that will make cryptocurrency prices go up or down depending on the war actors who wage war what use cryptocurrency trading is used for.

Bad publicity is still a publicity, I think any news regarding bitcoin will get the attention of the people because that is the main key for bitcoin price to go up, increase the demand of the people I am sure that the bitcoin price will pump. but yeah some news still making the bitcoin price to dump.

Some aren't making sense anymore, some of them are just one-sided. It becomes an influential tool in the market since a lot of people are listening and watching TV news which it exactly could create such market drama. If we are thinking that crypto never gives benefits to the community, its something we have to agree of those false accusations towards crypto.