Will China start Altcoin Season

[Mianae]

This will kick start the new alts season. Neo a Chinese cryptocurrency has done almost 100% in the last 48hrs coupled with other tokens which has seen some price growth since Chinese cryptocurrency news broke out. The trend is reversed hopefully

[Duzter]

China is a big market for Cryptocurrency, during the early days of bitcoin into usage it is the one that contributed big. Further things changed, and in the meantime China got into controversy of banning cryptocurrency usage. This caused small crash in the market, but that was temporary as people continued to use. Also the majority of the mining process taking place in China made it a big contributor for bitcoin. Now once again showing green flag for Cryptocurrency through blockchain adoption gives hope for an altcoin season.

[Hippocrypto]

I surely hope so, after they announced that China's adoption on blockchain, we've seen a great price ups not only bitcoin, but also altcoins. Just like the old days, china took a great impact in cryptocurrency. Even with only a simple news, be it bad nor good news. We'll see that later, what will become of our community after china's decision about cryptocurrency.

For now I don't consider that as great price, maybe we've seen it as an amazing walkthrough of the past recovery. The impact is somewhat surprising for everybody and yet altcoins was still dependent on bitcoin's price growth. We can't say it's the final words to say, what's important now is that China now is setting good examples not just to their people, but also for other countries whose still plans to adopt cryptocurrency.

[IvugeoEvolutionCoin]

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I don’t need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred  list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

The Chinese influence on crypto is clear due to the current market price movement. I noticed some Chinese projects like NEO really soared well recently, well let's not get so excited anyway, the market is unpredictable.

[samcrypto]

for this moment i don't think Altcoin can make any big movement because now the time for bitcoin growing up and altfoin are following later.
maybe china regulation make big effort in cryptocurrency movement

This is the normal scenario where bitcoin pumps first and then after that altcoins will follow. Some altcoins are already bouncing back from a big fall, they move slowly but surely and when the bull hits bitcoin they will start to show their true potential. China can make cryptocurrency great not just bitcoin but the whole crypto market.

[Peanyut991]

Yes from the news that I heard, the Chinese government has made clear rules about cryptocurrency. Of course this is one of the good news for the crypto community, because this will make crypto prices go up.

[kidbounty]

some time ago I read china trying to delete all articles related to their statements that said that crypto scam. maybe this has a hook to it. plus yesterday the president of china said that blockchain technology was important for future technological developments. if all these things are connected, I see China trying to start something big in cryptocurrency. maybe the alt season will start there.

[AliMan]

Just waiting for time, reportedly China has studied blockchain and crypto, Meraka will legalize the beginning of January 2020 coming, I think the altcoin will rise in price if China is really consistent and focused in the crypto world. Because already started many Chinese investors make an account in Exchange to buy a portion of Altcoins.

Just expect more good news to come in line with China's developing plans for cryptocurrency. Gladly this happened with a purpose, and I seen chinese people were now more eager to own some of the promising altcoins which was not moving after the last bullrun of 2017. This time is their huge opportunity, to be part of cryptocurrency's remarkable journey towards strong and reliable community.

[Eugenar]

Basically the main influence of China that I can see to the growth of altcoin and cryptocurrency as a whole is their population. As long as many people starts to use crypto, the more they will become hooked to create one. In this case, China might create an altcoin for them to use, but creation of excessive altcoin will not be healthy for the market. Most of the times, it is better to focus on the already existing altcoins in the market. In this case, the market price of each altcoin could be focused. The only disadvantage of this is the lack in competition. If china will create much altcoin, there will also be more competition, as a result, much better blockchain and cryptocurrency could be created to suit the needs of the world.

[White Christmas]

There is a huge possibility that the China and the Chinese citizen can start an altcoin season as we see the impact of it to bitcoin, that is already a good example on what would be ever happen if the China proposed an altcoin and support an altcoins. It would probably been a huge impact to altcoins as well and they may probably become the top 1 investors of the altcoins and there is a chance that altcoins will start to pump up and it's season may begun.

[Flor1982]

After President Xi announced the use and adoption of blockchain technology in his economic system, the price of bitcoin rose more than 25% in one day. I think if this is implemented by the Chinese Government, it will affect the price of cryptocurrency and it could be started

For me it is not the Chinese makes Bitcoin to sudden heading fast towards the psychological $10,000 mark but it is might be the Big whales trap and they just make it coincidence so that the people will not confused so i suggest that we should not easily to fall on this trap or we willl might ending regretting again. If China will going to pump some coins then it will be most likely NEO and not the whole Altcoins and Crypto market because NEO is China's based coin therefore it is right that patriotism will come first before others.

[Sithara007]

No way, I think China has done its best in boosting cryptocurrencies(Esp China based coins like neo, TRX, ontology, and so on) the last few days after President Xi Jinpings announcement. Next move is expected from USA. Maybe that will trigger the bullrun.

NEO went up by almost 100% in the immediate aftermath of the announcement by Xi Jinping. But TRX showed a much more moderate rise, with the exchange rates increasing by around 25%. Smaller coins such as Ontology also went up by quite a bit, but now they are once again declining. It is surprising because Xi never said anything positive about the cryptocurrencies. He was very much convinced with the Blockchain technology, but we don't know whether it is going to translate in to a more friendly stance towards the cryptocurrencies or not. For now, the traders are assuming that it will be the case. I predict a negative reaction from the market if their expectations are not kept.

[riso2015]

Regulations from the Chinese government have indeed made the Bearish market situation into a Bullish situation so make some Altcoin experience an increase. But I don't think with regulations they can fully become the Altcoin season. Altcoin season has not happened in my opinion.

[meliodas]

Regulations from the Chinese government have indeed made the Bearish market situation into a Bullish situation so make some Altcoin experience an increase. But I don't think with regulations they can fully become the Altcoin season. Altcoin season has not happened in my opinion.

I don't think that it is because of the chinese government who issued regulations. Bearish market is made because of the lose of the interest of the people because of the market performance. As you can see, we are now into uptrend movement again as the price of bitcoin move backs up to more than 9,000 USD. Altcoin season is not there yet but it is a good opportunity for us to continuously accumulate more good altcoins so we can have a lot of profit later.

[LbtalkL]

I really dont think that China or a specific country is going to trigger an Altcoin season but i think when companies or government to accept different crypto as a payment.

Well, Have you heard china is going to tokenize their national currency? It might happen, china could trigger the altcoin season if the launch is successful I think it will launch soon.
Back to the topic, China has great influence and pretty obvious that they have large markets and not just china other neighboring Asian countries will be influenced too by these rankings that they released.

[aprilnot]

I really dont think that China or a specific country is going to trigger an Altcoin season but i think when companies or government to accept different crypto as a payment.

Well, Have you heard china is going to tokenize their national currency? It might happen, china could trigger the altcoin season if the launch is successful I think it will launch soon.
Back to the topic, China has great influence and pretty obvious that they have large markets and not just china other neighboring Asian countries will be influenced too by these rankings that they released.

yes you're right China has influence in the world. if they starts tokenize their currency it will be a large scale adoption. that coin will probably be the biggest marketcap coin and compete with bitcoin. with the largest population in the world, I think it's normal if they will create big changes for crypto market

[Baimovic]

Here is the list:

https://news.bitcoin.com/china-rankings-37-crypto-projects/


Chinese are not stupid they will research the projects and it only takes one big company to become a whale in one of these projects and prices will take-off

Alternatively the masses might start heavily investing in some of these projects.

I also think that if you look at the index above Chinese citizens have started to enter several large companies in crypto and maybe this can have a fairly good impact on the development of current crypto prices and if this continues the price will take off.

[p2pclub]

I think the answer is: No.

Because of the government. Take a look before start thinking, they blocked Google, they may shut down any US company. How to create Altcoin in one country which will protect their own money.

I guess, we may take Chinese users, but not Altcoin from China.

[CoismoRob]

I think Yes, with a market that large it's hard not to imagine it moving markets.  It certainly will be interesting to watch.

[chanc3r]

Glad to see you are making another thread again James, but did you aware of the latest statement coming from china is all about blockchain?

It's still a big question whether this will be affecting crypto or not. As you can see china has been doing so many shutdowns to so many icos. 

I can't say a lot about that until china will at least say the word about cryptocurrency.