lab rat hoax
|
|
September 30, 2019, 09:28:50 PM |
|
I think these trading wars will positively affect gold and cryptocurrencies. Because of this trade war, people are looking for a safe harbor for their money. And I think the best option for this is cryptocurrency, because we all know that crypto currencies are decentralized, uncontrollable and cannot be confiscated by states and banks.
|
|
|
|
UsernameBitcoin
Sr. Member
Offline
Activity: 530
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
September 30, 2019, 10:17:57 PM |
|
the trade war is good for cryptocurrency. Actually, it doesn't have much of an effect on it. Bitcoin and cryptocurrency is going to succeed regardless of any trade war or other war because ultimately the technology is what matters at the end of the day, and people are benefiting from blockchain technology on an everyday basis.
|
|
|
|
meliodas
Sr. Member
Offline
Activity: 742
Merit: 329
CryptoTalk.Org - Get Paid for every Post!
|
|
October 01, 2019, 12:41:43 AM |
|
This is a very good opportunity for the people who want to make a lot of money. We should put our money now to the cryptocurrencies so we can be the first one to invest before the people who are currently still in the stock market so if trade war gets worse and the people panic there and jump into cryptocurrency then we will have a lot of profit and we can use the profit to buy stocks from the stock market which are in a huge discount and wait for the market to recover and secure our profit.
|
|
|
|
jmigdlc99
|
|
October 01, 2019, 02:28:53 AM |
|
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?
Fiat trade war sounds good for bitcoin to me. The more people fear for their fiat money, the more they look for investment vehicles like gold, or even better BITCOIN. It's no surprise . because we've seen this happen already take for example Zimbabwe. When that country's inflation rates resulted to the government printing billion dollar bills everyone tried to preserve the value of their money by investing in bitcoin.
|
0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
|
|
|
teosanru
|
|
October 01, 2019, 05:55:15 PM |
|
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?
If there is a complete trade war upon goods between both these countries and services trading is still on then btc can actually benefit from it. Because people who are really in need of certain services will have to buy them at any cost and they might consider btc as a payment option so that they don't come into the picture. Politically speaking i Dont think it could have an impact on btc as whole because BTC doesn't have much impact on global trade relations as not much of the trade takes place in bitcoin. But yes if in such cases there is an economic shakeout then people could consider investing in Cryptocurrencies as an option. 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?
Fiat trade war sounds good for bitcoin to me. The more people fear for their fiat money, the more they look for investment vehicles like gold, or even better BITCOIN. It's no surprise . because we've seen this happen already take for example Zimbabwe. When that country's inflation rates resulted to the government printing billion dollar bills everyone tried to preserve the value of their money by investing in bitcoin. If that scenario will happen, it will become like winning a lottery for us because people will increase the demand and since the supply of bitcoin is very limited, it is safe to say that we can get a lot of profit from just holding and owning a few bitcoins in our wallet. This is why, it is so important to take advantage of the opportunities that we have to get more bitcoin. this is not happening. Such trade wars Don't hype upto hyper inflation or anything because both countries know that what is at stake at most they would just stop cross ocean trade for sometime and nothing else. Things would be restored to normal later.
|
|
|
|
Pab
Legendary
Offline
Activity: 1862
Merit: 1012
|
|
October 01, 2019, 09:40:09 PM |
|
I think that war trade have limited influence on crypto Trade war was advertised like a factor what is causing bitcoin bull run.i think it was just a hype China is not buying bitcoin because yuan felt a little.China is buying gold Crypto currencies has his own life and bitcoin is most risky investment asset These kind of asset are strongly moving up when stocks are rising It is possible to see on bitcoin and stocks historic data
|
|
|
|
betty11
Copper Member
Jr. Member
Offline
Activity: 448
Merit: 3
|
|
October 02, 2019, 01:05:22 PM |
|
Someone said "if you want to avoid losing in the coming economic crises, just don't put your money in the bank" buy something and leave your fund on what the banks don't have control over or don't manipulate. Investing in a more stable substance or material will better in the event of a harsh USA/Chinese trade war. Let's not talk about military war.
|
|
|
|
ice098
|
|
October 02, 2019, 01:13:21 PM |
|
I don't that the war could affect or influence the cryptocurrency, first of all, cryptocurrency is an independent currency, it not base nor created by China or US, each investors has the right to invest to whom they want to invest, they can use different techniques if trading in bitcoin prohibits in their countries but as far as I know the both party already into bitcoin, and many users are there , we do also have different exchange the are base on each of it.
|
|
|
|
alyssa85
Legendary
Offline
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
|
|
October 02, 2019, 02:05:05 PM |
|
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.
The only way bitcoin will benefit from an economic crisis will be if that crisis happens in Europe. The europeans have passed bail-in rules where if a bank is in trouble they can seize your savings. This is unique in the world, nowhere else allows the seizing of savings like this. The Cyprus crisis in 2013 when they first tried this, is what brought Bitcoin to global attention as a means of protecting your money. If the bail-ins happen again, I expect demand for crypto will soar.
|
|
|
|
Betwrong
Legendary
Online
Activity: 3444
Merit: 2230
I stand with Ukraine.
|
|
October 05, 2019, 11:19:50 AM |
|
I think these trading wars will positively affect gold and cryptocurrencies. Because of this trade war, people are looking for a safe harbor for their money. And I think the best option for this is cryptocurrency, because we all know that crypto currencies are decentralized, uncontrollable and cannot be confiscated by states and banks.
Not all of them are decentralized and uncontrollable, and, as we've learned from the known criminal cases involving crytpo, they can be confiscated by the state. But regular people, who are not criminals, shouldn't be concerned much about traceability and possibility of confiscation. What's important is that banks can't print BTC at will causing hyperinflation and depreciation of the currency.
|
|
|
|
Janation
|
|
October 05, 2019, 11:24:17 AM |
|
I think these trading wars will positively affect gold and cryptocurrencies. Because of this trade war, people are looking for a safe harbor for their money. And I think the best option for this is cryptocurrency, because we all know that crypto currencies are decentralized, uncontrollable and cannot be confiscated by states and banks.
As we can see the price of Bitcoin is not falling. Another thing is that there are centralized cryptocurrencies. They are not just that popular since we all know what crypto is popular and the most expensive of them all.
|
|
|
|
wxa7115
|
|
October 05, 2019, 08:49:49 PM |
|
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.
The only way bitcoin will benefit from an economic crisis will be if that crisis happens in Europe. The europeans have passed bail-in rules where if a bank is in trouble they can seize your savings. This is unique in the world, nowhere else allows the seizing of savings like this. The Cyprus crisis in 2013 when they first tried this, is what brought Bitcoin to global attention as a means of protecting your money. If the bail-ins happen again, I expect demand for crypto will soar. In the case of an economic crisis I do not see how Europe could be spared, they are in a bad shape as most of the western world and their experiment with the Euro will certainly fail so if anything Europe should be one of the most affected zones the next time an economic crisis hits them. However I am surprised by how ignorant are people about topics like these, it is as if they never learn from all the suffering they have gone through. Most people I know do not even remember the economic crisis of 2008 and when I tell them about it they think it will never happen again when most of the time a new crisis emerges every other decade.
|
|
|
|
blckhawk
|
|
October 06, 2019, 07:39:33 AM |
|
Trade war is irrelevant to crypto and won't affect both parties. It will only impose stricter regulations for goods and restrict may restrict exchanges even with currencies they have, but crypto is out of the equation.
As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
|
|
|
|
Betwrong
Legendary
Online
Activity: 3444
Merit: 2230
I stand with Ukraine.
|
|
October 06, 2019, 01:26:20 PM |
|
As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
It's not for the first time I read this, but is it true that Bitcoin is banned in China? From what I can see, Bitcoin is not banned there. My first source, Wikipedia, is saying that only Banking ban exists, BTC is considered legal in China: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryAnd my second source, CoinMarketCap, is saying that the pair BTC/CNY had the volume of almost 190 million USD during the last 24 hours on the TOPBTC alone: https://coinmarketcap.com/exchanges/topbtc/
Regarding the influence of the trade war on the crytpo market, it remains to be seen. I can see no impact so far.
|
|
|
|
Pab
Legendary
Offline
Activity: 1862
Merit: 1012
|
|
October 06, 2019, 02:41:49 PM |
|
I think we need to look on trade war in more complex way.First of all last economic data are showing economic slowdown .It is mostly caused by trade war.Now USA imposed new tariffs on EU goods.But look US stocks there was just one strong dump and then stocks came back.Reason is hope for rates cuts and monetary stimulus But FED meeting is at the end of October so real reason is coming meeting between China and USA and potencial agreement.If we will see next fiasco then any rates cuts will not save economies and stocks will sharply move down Bitcoin is already down after huge sell off so i think it will not hurt bitcoin price much.However Bitcoin is performing much better when stocks are green One is for sure for me.If tariffs wars will cause major currencies crisis then both gold and bitcoin will shine
|
|
|
|
Betwrong
Legendary
Online
Activity: 3444
Merit: 2230
I stand with Ukraine.
|
|
October 07, 2019, 07:42:46 AM |
|
~ Bitcoin is already down after huge sell off so i think it will not hurt bitcoin price much.However Bitcoin is performing much better when stocks are green One is for sure for me.If tariffs wars will cause major currencies crisis then both gold and bitcoin will shine
I would not call it "shining", if the purchasing power of USD drops 3 times, while Bitcoin rises 2 times compared to USD. We don't need any crisis for Bitcoin to rise in price. You said it yourself that "Bitcoin is performing much better when stocks are green". People hoping for Bitcoin price growth frequently forget that we can't benefit from increasing numbers. What we really need is increase in purchasing power.
|
|
|
|
Mumbeeptind1963
|
|
October 07, 2019, 07:53:59 AM |
|
As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
It's not for the first time I read this, but is it true that Bitcoin is banned in China? From what I can see, Bitcoin is not banned there. My first source, Wikipedia, is saying that only Banking ban exists, BTC is considered legal in China: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryAnd my second source, CoinMarketCap, is saying that the pair BTC/CNY had the volume of almost 190 million USD during the last 24 hours on the TOPBTC alone: https://coinmarketcap.com/exchanges/topbtc/
Regarding the influence of the trade war on the crytpo market, it remains to be seen. I can see no impact so far. I agree with you if bitcoin is banned in China, then why does china have an exchange? I mean like bibox, I think a Chinese made that exchange, actually it is one of the top 10 exchanges based on coinmarketcap. I don't hear news so far that China regulates cryptocurrency and they are prohibits it. China does not announce that they prohibits cryptocurrency especially earning bitcoin.
|
|
|
|
AicecreaME
Sr. Member
Offline
Activity: 2436
Merit: 455
OrangeFren.com
|
|
October 07, 2019, 06:22:35 PM |
|
As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
It's not for the first time I read this, but is it true that Bitcoin is banned in China? From what I can see, Bitcoin is not banned there. Bitcoin is not banned from china, people are banned on using bitcoin in China, they also shut down their local exchanges, check it here: https://cointelegraph.com/tags/chinaand this is might be the reason why bitcoin's price resurgence continue, this is a bad news. There is no specific statement yet on what is the reason of how the fire started but I smell something fishy, hmm. . . . https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-mining-farm-china-fire-cryptocurrency-innosilicon-a9128246.html
|
████████████████████ OrangeFren.com ████████████████████instant KYC-free exchange comparison████████████████████ Clearnet and onion available #kycfree + (prepaid Visa & Mastercard) ████████████████████
|
|
|
bitbunnny
Legendary
Offline
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
|
October 07, 2019, 07:30:31 PM |
|
Trade war is irrelevant to crypto and won't affect both parties. It will only impose stricter regulations for goods and restrict may restrict exchanges even with currencies they have, but crypto is out of the equation.
As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
Trade war will really affect the cryptocurrency in terms of demand. If the trade war get those two countries screwed up big time then that is the time for people to panic and sold their stocks and other traditional investment vehicle and they will put their money into cryptocurrencies since most of the people know that cryptocurrency is a safe haven for their money. I'm not so.sure that trade war will influence on people to buy cryptocurrencies and increase demand. Trade war influence on supply of certain goods, it might start some financial crisis too but that doesn't mean that people will automaticly turn to cryptocurrency and abandon traditional investments and fiat currencies. In fact I don't think that is going to happen at all.
|
|
|
|
Vishnu.Reang
|
|
October 08, 2019, 07:14:25 AM |
|
I'm not so.sure that trade war will influence on people to buy cryptocurrencies and increase demand. Trade war influence on supply of certain goods, it might start some financial crisis too but that doesn't mean that people will automaticly turn to cryptocurrency and abandon traditional investments and fiat currencies. In fact I don't think that is going to happen at all.
Here is what I think about the trade war. IMO, the trade war will make a lot of people unemployed (the markets have crashed by up to 15% in the recent weeks). This will leave people with less money to spend and they will be forced to sell their savings (including cryptocurrency). As a result, there will be a selloff and the supply will once again outstrip the demand. In the end, it will be having a negative impact on the Bitcoin prices.
|
|
|
|
|