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Author Topic: Asia can be the biggest crypto market  (Read 2201 times)
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October 24, 2019, 01:58:39 PM
 #41

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
PundiX can be a project that you are looking for. Most of the team member is Asian and the goal of the project is to create a payment system that can be used around the world. Indeed, there are big projects created by Asians, just look more carefully. Or are you waiting for governments movement? If that is what you want, it is still too early. As the mass adoption proceeds, everything will spontaneously be as it should be.
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October 24, 2019, 02:00:30 PM
Merited by xiboothrezi (1)
 #42

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

  • Cryptocurrency Mining Is Now Largely Asian-Dominated
  • Staking is Also Largely Asian-Dominated
  • New Exchanges Are Mostly from Asia
  • Singapore Leads the World in ICO and IEO Issuance
  • Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia

 
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October 24, 2019, 02:05:06 PM
 #43

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

  • Cryptocurrency Mining Is Now Largely Asian-Dominated
  • Staking is Also Largely Asian-Dominated
  • New Exchanges Are Mostly from Asia
  • Singapore Leads the World in ICO and IEO Issuance
  • Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia
Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.

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October 24, 2019, 02:07:58 PM
 #44

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.
I agree with you. not without reason I say this, because it is a fact that almost all Asian markets dominate the crypto trading volume.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
I don't think regulation is a major factor. when news emerged about the country of China which implemented very strict rules on cryptocurrency, this had no effect at all on the development of cryptocurrency in Asia. I feel that the main factor is the lack of trust among European and American investors in Asian projects and markets
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October 24, 2019, 03:51:21 PM
 #45

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

  • Cryptocurrency Mining Is Now Largely Asian-Dominated
  • Staking is Also Largely Asian-Dominated
  • New Exchanges Are Mostly from Asia
  • Singapore Leads the World in ICO and IEO Issuance
  • Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia
Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.
it is just such unfortunate that majority of asian country have quite low capitalization compared to western countries. Despite the massive amount of people living there the wages are quite low and therefore will only drive a low capitalization. as I've seen the market is still dominated by the capital from eastern asian and western countries overall. But, if in the future asian countries could strive to reaise its GDP per capita I'm pretty sure that it will be the biggest crypto market in the world. Even now asia has turned into a strategic market for startups.

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October 24, 2019, 03:56:37 PM
 #46

Asian country In my opinion is more friendly to cryptocurrencies, While there are still restrictions, i think the The restrictions is not very strict which makes users can still use cryptocurrencies Freely. And there is no law for users of cryptocurrencies can be imprisoned If used. This makes it possible to make Asia the largest cryptocurrencies market.

not really . im not sure if you heard about the china issue lately ? where they ban some crypto and also the crypto mining .  china is one of the large country in asia and on the whole continent/country as well but like what you said , people still use crypto again because the ban on china latey was lifted and now they are still back on business again  . about the law , there is a law on some countries including imprisonment and others  but that if their government stated it  .
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October 24, 2019, 04:24:44 PM
 #47

I think isn't about investment, you take Japan as an example where bitcoin can be use a lot of things such that online market that can be use as cashless to pay.  Although asians are conservative people and traditional I think they are open to talk about cryptocurrency.  Cryptocurrency has a potential in the asian market than american who are a quite sensitive going up to banning their citizen to join bounty campaigns.

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October 24, 2019, 04:34:22 PM
 #48

The Blockchain project these days is targeting Asian market because of many countries in Asia have embraced cryptocurrency like Japan, South Korea and Singapore. Recently an article published by Coingecko stating that the crypto has shifted from a Western-dominated industry to a very Asian-dominated industry.

Reasons why Asia will lead the crypto market:

  • Cryptocurrency Mining Is Now Largely Asian-Dominated
  • Staking is Also Largely Asian-Dominated
  • New Exchanges Are Mostly from Asia
  • Singapore Leads the World in ICO and IEO Issuance
  • Asia Is Leading the World with Innovation

Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia
Not aware about those information and I'll like to thank you for feeding us the link so readers can follow and check out every details that being written from that article. It's a good thing that more and more people from Asian countries have the same insight regarding to this system, with more adoptions that will happened especially those places from Asia who do have large populations it will lift the market and value will rise due to demands.
I did not realize that so many exchangers are quite well known and I often use them from Asia such as Digifinex, BW, Okex, binance and others. however, Asia is good enough for the cryptocurrency marketplace, and even in my country, the exchanger has a license, well for crypto users like me, that's quite a relief.

I don't know if Asia can be the biggest marketplace (I hope it can), but I know that other continents also have considerable potential in this regard. wherever that is, I think it will be a good advantage for cryptocurrency users.
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October 24, 2019, 04:35:27 PM
 #49

Well you are definitely right, my first time of knowing or hearing about crypto was from a Chinese friend, when he mentioned bitcoin to me that I should read about it, everything sounds like magic to me until I take my time to study about it. Asians are the highest crypto currency user's to me

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October 24, 2019, 04:40:46 PM
 #50

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
You are right there are many crypto communities in Asia, because supported by adequate equipment, China has the highest number of miners. Japan also provides support for alternative cryptocurrency payments. and several other Asian countries do not prohibit cryptocurrency (bitcoin) except China.

There is no real use that can really be applied to crypto? That's because its value is getting higher, many users in Asia especially view bitcoin as an investment asset. In my opinion regulations are not burdensome unless there must be identity information for transaction security. Maybe an alternative payment other than bitcoin like USDT (stablecoin) has to be doing.
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October 24, 2019, 04:55:52 PM
 #51



Its not true that there are no real use of the crypto, there are projects that we can actually see how their tokens can be used to purchase products. The only problem is that there is not many of the people in crypto are buying the products since mostly are seeing these tokens to b an investment not for the purpose of buying services. Its the same situation with BTC, whle the rest of us are using it to buy products and services probably more than half of the community are not spending BTC but saving it for profit.

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October 24, 2019, 06:23:38 PM
 #52

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.
Actually the use of cryptocurrency in the real world has been applied, but only in certain communities, it has not yet reached a global scale. Of course, this is related to issues of legality and effectiveness. That is why, in some countries, cryptocurrency is only permitted to be used as an investment and commodity trading tool. Of course, this regulation can change, there are still many possibilities that can happen, even that we never thought before because it is still the initial stage of cryptocurrency development.

snip--
Reasons why Asia will lead the crypto market:
  • Cryptocurrency Mining Is Now Largely Asian-Dominated
  • Staking is Also Largely Asian-Dominated
  • New Exchanges Are Mostly from Asia
  • Singapore Leads the World in ICO and IEO Issuance
  • Asia Is Leading the World with Innovation
Source: https://www.coingecko.com/buzz/state-of-crypto-markets-in-asia
The development of cryptocurrency in Asia is quite good. The facts above prove enough. As an Asian citizen for some reason I'm quite proud of it: D
Other than that, there are several potential exchanges such as Huobi, Okex, Indodax which are the target of trade.

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October 24, 2019, 07:33:20 PM
 #53

There are many crypto communities in Asia and several countries have also stated their support for crypto especially bitcoin. but the Main power in asia like china is currently still difficult to accept this technology. many current regulations are deterring mass adoption. that's why even though Asia is the most potential market but there has not been mass adoption there.
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October 24, 2019, 07:43:10 PM
 #54

There are many crypto communities in Asia and several countries have also stated their support for crypto especially bitcoin. but the Main power in asia like china is currently still difficult to accept this technology. many current regulations are deterring mass adoption. that's why even though Asia is the most potential market but there has not been mass adoption there.
What kind of mass adoption do you mean? technology adoption or crypto user adoption? I think the adoption of technology has grown rapidly even many large companies have begun to develop their own cryptoqurrency like Facebook companies. and if the adoption of crypto I think has started a long time ago, precisely when the price of BTC was able to reach the highest price in cryptoqurrency history and from there began many newcomers who took part in it and I am sure that over time the adoption of crypto will continue to grow and increase in the future .

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October 24, 2019, 07:44:57 PM
 #55

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

asia already is the biggest crypto market, of course, it can definitely growing much bigger

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October 24, 2019, 07:47:06 PM
 #56

Asia can be the biggest crypto market?
I believe that in the future Asian will become the biggest home for cryptocurrency. Why is that? Because the most of Asian continent consists of developing countries, so it is very potential. But the problem now is regulation, even though cryptocurrency has grow big, but if it does not get support from the government, it will be useless, because we will never be able to use what we have built and developed so far.

 
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October 24, 2019, 08:11:04 PM
 #57

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
Being populous doesn't mean that the country will be the biggest user of crypto currency. Literacy rate and technological development are also the factors that matter when it comes to the usage of crypto currencies. A person who has little to no knowledge about how to use a modern computers like a phone or a laptop won't be able to use crypto currencies.
Are you sure there are no regulations currently? As far as I know, most of the Asian countries are actually against bitcoin.

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October 24, 2019, 08:30:44 PM
 #58

Yes, I think Asia can be deservedly called the flagship of the cryptocurrency industry. The only problem is that at the moment Asia can not affect the world economy. To date, the entire global sector of the economy belongs to the United States and in the near future it is unlikely that something will change. Here you can draw a parallel with cryptocurrencies (USA-BTC, Asia-altcoins)

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October 24, 2019, 08:39:12 PM
 #59

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?
Those countries you mentioned were not crypto friendly,in China ban on ICO related things,in India banks restricted no legality on Indonesia yet so there are people but not much to influence the government to accept it as legal form of payment.Regulations can't change things for crypto users but for traders it greatly affects so we need to use cryptos more than trading it.

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October 24, 2019, 10:14:35 PM
 #60

im sure people will hold their crypto now than pay something with their coin, especially bitcoin. bitcoin price is down, but many people hope and believe that someday it will rise and give profit to them, thats why they hold it.
sometime government will do what people want, it mean, when it good for their country they will do it, but we never know if bitcoin be currency and be payment method, so some govenment still make research for this situation

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