Trade war Influences on cryptocurrency

[Betwrong]

~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

Interesting. Although I wrote that I doubted the Bitcoin ban in China, I thought that mining was banned there. I believe I read a year ago or so that miners moved from China to other places because of a new law. Also, after reading this

In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining. Many bitcoin mines in China had stopped operating by January 2018.

in Wikipedia, I thought that basically no one was mining in China any more. But apparently there were $10 million worth of mining equipment in a single place alone.

[1714818528]

1714818528

[1714818528]

1714818528

[1714818528]

1714818528

[1714818528]

1714818528

[1714818528]

1714818528

[bestcoins1]

Now the trade war is still not finished between the US and China. I think trade war will indirectly have an effect on cryptocurrency. How come? IMHO now the position of China in the trade war is not good, therefore it seems that the trade war is changing into a currency war https://markets.businessinsider.com/news/stocks/weaker-currency-could-have-a negative-impact-on-markets-2019-8-1028426214.
With the issue of the issue of currency war, I am sure it will affect the global economy. Here is in my opinion the crypto opportunity. demand will be more and more!

[alyssa85]

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.

It's now ten years since bitcoin got released and we have a fair idea of what makes people adopt bitcoins. Recessions by themselves don't do it.

Banking crises do. The first time bitcoin went mainstream was during the Cyprus crisis where people's savings got confiscated to save the banks. The 2017 bubble was down to bitcoin becoming a fashionable investment amongst millenials.

So two things drive adoption: fashion and banking crises. Recessions and trade wars are irrelevant unless they also cause a banking crisis.

[ecnalubma]

Cryto economy is not directly affected by the ongoing trade war between US and China. The conflict between two nations will affect most businesses specially those who are in import and exports industry commodity based products. If it gets worsen we can expect a high prices on basic products and people will suffer.

[TheUltraElite]

Cryto economy is not directly affected by the ongoing trade war between US and China. The conflict between two nations will affect most businesses specially those who are in import and exports industry commodity based products. If it gets worsen we can expect a high prices on basic products and people will suffer.

Thats, like you said would not affect the crypto market directly. However if we extrapolate this and in case the trade war remains, we might see a rise in price of common goods and the purchasing power of people will drop.

This may be both good and bad for crypto. Good in case people decide to move on to crypto marketplaces and promote their usage over fiat, not that prices would remain lower there but still its worth a try. It can be bad if governments decide to bottleneck crypto transactions and that could be worse for the merchants using crypto.

[fiulpro]

Honestly I don't think there will be any influence on the cryptocurrencies until and unless they go to the point where the war is going to be too serious and too big therefore I think it will be fine .. as far as we know they aren't breaking any laws and going too deep , it's all political and God for it we spin under war and recession where everything will go down .
Right now it's just in the papers not that much for real.
War is scary let's just call it a problem between two Nations .

[yulionoo]

in my opinion a trade war that occurred between China and America. will not have an impact on cryptocurrency. because the war that occurred was related to import and export tariffs between countries. this war will have an impact on the fiat currency exchange rate but not the digital currency. Decentralized cryptocurrency is not affected by political issues and relations between countries in the world.

[SummerBliss]

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 both are powerful nations and want to dominate each other on economic fronts but the trade war between them is related to fiat or legal currencies like USD so it wont have any significant effect on the prices and growth of cryptocurrencies.So we don't need to worry about it. It is political war between the currencies relating to financial matters and crypto is not a part of any government sysyem.

[TheUltraElite]

Decentralized cryptocurrency is not affected by political issues and relations between countries in the world.

Though it seems hard to believe, it is true. Politics and foreign relations do influence the market be it stocks, metals, commodities or crypto. The first three have a bigger impact than crypto, which is why the notion of bitcoin is not affected by politics has become popular, though its actually false in many cases.

But currently the trade war is more in a truce. We have seen China trying to get cheap hardware to sell to every company and consumers not looking to the longevity of the product go for such cheap products. Since many people think US controls the bitcoin market so they under this false pretense will think about selling off their bitcoin assets and invest in something else.

However the bigger impact of this is more on the stock market than crypto.

[HarmonyA]

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?

Trade wars can be terrible for pretty much every sort of good and resource. Items can get overrated and additionally undersold. Ventures can lose access to items, undermining their business. Stocks can lose an incentive as financial specialists become terrified that a downturn is not too far off.

Bitcoin is another sort of advantage, and it might have an opposite relationship to the US/China tradee war to that of customary resources.

[crossabdd]

crypto market and trade war between China vs US, I think it has no effect. Until now China is also in a trade war with other large countries. but there is no effect for the crypto market. if one day China uses Bitcoin or other crypto for payment, there might be a big effect on the crypto market. but now it still runs normally.

[abhiseshakana]

Trade wars can be terrible for pretty much every sort of good and resource. Items can get overrated and additionally undersold. Ventures can lose access to items, undermining their business. Stocks can lose an incentive as financial specialists become terrified that a downturn is not too far off.

Bitcoin is another sort of advantage, and it might have an opposite relationship to the US/China tradee war to that of customary resources.

In the case of the American trade war with China, America controlled the currency used for trade while China dominated its trading volume. What America is doing now is to disarm China one by one so that it becomes weak, by:
- Tariff war
- quantitative tightening strategy
- dollar go home strategy
- tariff war
- instability in Hong Kong
- attacked through its industrial energy supply
- containment

If China buys Middle East oil 30% more expensive, so America attacks Chinese energy sources, automatically if the price of oil purchased by China is more expensive, then the price of Chinese manufactured goods is also more expensive. With the tariff war, the prices of Chinese products entering the US are also more expensive. The aim is to drive American domestic manufacturing and industry

The issue of a trade war has absolutely no significant effect on bitcoin, only with the signal that the trade war continues to place a slight fear of future business and stock prospects because the trade war is correlated to a slowing global economy. This momentum provides positive sentiment on crypto assets, especially bitcoin as an alternative investment trend other than gold. Market reactions correlate in various periods depending on external factors.

[Twentyonepaylots]

Cryto economy is not directly affected by the ongoing trade war between US and China. The conflict between two nations will affect most businesses specially those who are in import and exports industry commodity based products. If it gets worsen we can expect a high prices on basic products and people will suffer.

It can't affect cryptocurrency price direclty, but there are positive and negative effects to this if the trade war between these two countries carry on. For instance, most cryptocurrencies in China are already dead because of the total ban on them, people might still resort to it otherwise because of the decrease in purchasing power of their fiats which can then cause cryptocurrency prices to increase, but their respective governments can also impose strict regulations against it on the other hand that would cause crypto price to drop.

[heidikim]

I don't think it makes sense to bring bitcoin to the fore in trade wars. Bitcoin contains risks for all countries. Whichever country has larger bitcoin stocks will prevail. It may not be useful for Bitcoin. I think a quiet rise would be better.

[criza]

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.

Since it is decentralized and not controlled by any governing body, investments and money would be safe and unaffected by ongoing trade war between the two nation. In effect, a possible increase in demand for crypto currency might take place during the trade war causing a decrease in supply and might trigger a pump on the price of crypto currency. This might be the possible effect of the ongoing trade war between the two nation as long as restrictions against it would not be implemented in each country.

[moviebuff777]

Not sure if it has any affect on the cryptocurrency market but if anything it should help the market and hurt fiat currency.

[sotoshihero]

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.

Since it is decentralized and not controlled by any governing body, investments and money would be safe and unaffected by ongoing trade war between the two nation. In effect, a possible increase in demand for crypto currency might take place during the trade war causing a decrease in supply and might trigger a pump on the price of crypto currency. This might be the possible effect of the ongoing trade war between the two nation as long as restrictions against it would not be implemented in each country.

I do believe bitcoin becomes the alternative opton wherever economic activity is limited. Though the effect maybe indirect, but businessesmen are looking option to circumvent the situation.Bitcoin and other cryptocurrency  poses to solve this situation as a solution to this gap.

[AitorMarcos]

Not sure if it has any affect on the cryptocurrency market but if anything it should help the market and hurt fiat currency.

I've noticed pretty much same pattern - if some news/events are getting usd lower it causes bitcoin's price grow and so does the whole crypto market
I was observing it for several months now and there were just couple contradictions, but mainly confirmations of the theory

[mamahdedeh]

of course if the trade war continues then China will be anti-dollar, especially as China has products in almost all countries. of course this will harm the US because the demand for dollars will decrease. while crypto can be a third party that benefits when fiat currencies flare up

[thottum]

The trade war not gonna have any effect in cryptocurrency it just affects the countries involved in it the one which exports a lot will face fiscal deficit issues as their dollar inflow will get affected on it but they continue import goods by paying dollars