Will China start Altcoin Season

[jamesashmore1964]

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/

[albrots]

China greatly affects the price of bitcoin or altcoin at this time. If the Chinese had started to make a list of what altcoin they wanted to invest the price would go up. Evidenced by the price of bitcoin which is currently rising, it is because of the positive news coming from the president of China. Chinese President Xi Jinping said his country must take the opportunities provided by blockchain, the technology that supports bitcoin. because blockchain technology is very useful and can be developed even better.

https://www.coindesk.com/bitcoin-jumps-12-as-chinas-xi-embraces-blockchain-boosting-crypto-sentiment

[Tilbrook007]

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.

[jootn2kx]

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.

China seems to be into NEO way more than ADA, it is currently up by over 20%, when even BTC is growing only by a bit over 2% at this time, and Cardano by around 5%. I admit, I did not see this coming, but NEO might actually make a comeback if this continues.

[Stanlo]

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.

I personally prefer chinese and korea project because they are more into the tech more than other countries, but i don't think china alone is capable of driving the altcoin season, i think bitcoin halving is the only thing that can drive the next altcoin season

[jamesashmore1964]

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.

China seems to be into NEO way more than ADA, it is currently up by over 20%, when even BTC is growing only by a bit over 2% at this time, and Cardano by around 5%. I admit, I did not see this coming, but NEO might actually make a comeback if this continues.

Chinese have on ramps to Neo and Chinese are probably feverishly opening accounts to buy from the list:

List is here:

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

[Sithara007]

The early trends suggests otherwise. The recent spike (which resulted from the speech made by Xi Jinping, in which he mentioned about the Blockchain technology) took Bitcoin dominance form 66.5% to 68.0%. That is a 1.5% increase in just 24 hours. Even established altcoins such as Ethereum have witnessed their market share going down over the past few months. And with the Bitcoin block reward halving approaching, it is going to get even worse for the altcoins (including the top-10 coins such as Litecoin and Ripple).

[jamesashmore1964]

The early trends suggests otherwise. The recent spike (which resulted from the speech made by Xi Jinping, in which he mentioned about the Blockchain technology) took Bitcoin dominance form 66.5% to 68.0%. That is a 1.5% increase in just 24 hours. Even established altcoins such as Ethereum have witnessed their market share going down over the past few months. And with the Bitcoin block reward halving approaching, it is going to get even worse for the altcoins (including the top-10 coins such as Litecoin and Ripple).

You might be right but the Chinese thing might change market dynamics!

[trumpman]

Chinese search engines are reporting the Chinese are searching this topic feverishly!

I would love to see some proof of this!

But yeah it would be nice if the Chinese started a new btc rally or an alt season. The past 2 years I have accumulated some really really big bags that I need to unload XD But honestly, I don't feel like we are going to see what happened in 2017 any time soon

[Bitbtc8]

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.

China is indeed very capable, i am not surprised though because since the day i start learning about cryptocurrencies country like china,korea and singapore seem to have high taste in blockchain technology, i am starting to think that 2020 will be like something weve seen in the past

[Ucy]

Could you please mention the "search engine"? Would like to see my self.
Who owns the TronWeekly website by the way? Tron or just a fan?
Well, you need to be sure the article is even true. I have seen similar articles about China that end up not true.

It this is true, it is probably about fintech "Blockchain" projects.

[dentolas]

I really hope you are right... chinese people are so many that if they officially enter crypto, this will definitely change the game...
it will mark the beginning of the most powerfull altseason we have ever seen...
I am ready as I have nothing more to put in alts... bags are full to max possible

[Tilbrook007]

Could you please mention the "search engine"? Would like to see my self.
Who owns the TronWeekly website by the way? Tron or just a fan?
Well, you need to be sure the article is even true. I have seen similar articles about China that end up not true.

It this is true, it is probably about fintech "Blockchain" projects.

https://www.baidu.com/ Is the biggest search engine in China

Not sure who owns Tron Weekly

[LouVandetta]

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.

[Aabcde]

Yes this is indeed good news for the crypto world. With this news bitcoin rose by 20% - 40%. I believe blockchain is the future and China too seems to think so. With blockchain everything can be transparent. In my opinion altcoin season will occur if bitcoin continues to climb up to next year. Because the king must always be in front before his men.

[jessyj48]

As big as china is with alipay and wepay spreading around the cities if crypto manages to be the most favoured it will help the next bitcoin halving alot in 2020, i hope it happens for real china has big populations and it will make crypto surge certainly

[Tilbrook007]

As big as china is with alipay and wepay spreading around the cities if crypto manages to be the most favoured it will help the next bitcoin halving alot in 2020, i hope it happens for real china has big populations and it will make crypto surge certainly

Chinese are tech Savy! This could be what we all need!

[ololajulo]

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.

Did you see the NEO price response? It shows they could likely invest in project that are related to the Chinese or Asia. Some altcoin can start waking up, especially those within the plan of Asia at crowdfund. Project that are listed on those platforms related to china especially NEO etc can also enjoy this but more will be seen by next year when they are granted more freedom in the space

[NathanJB]

We hope that the chinese government will actually pick one or more altcoins and build something on them or adopt them in one of their future projects. But that is unlikely. The government itself is capable of developing its own blockchain project which issues an alternate cryptocurrency. Why would a very powerful and rich country adopt an altcoin that is not of their own making? Our hope is that the whole country will welcome existing crypto projects for possible partnerships.

[dimonstration]

If China focuses on altcoins then most likely in the near time Altcoin will pump large magnitudes. As is the case with BTC in a few days, once the Chinese government announced its legality crypto, then there is a pump on Bitcoin, for Altcoins just waiting for the time to pump.

There is already a resemblance in BTC pump today that affect altcoins too, if the BTC pump is says to be due to China announcement,then it influence too the altcoin performances now. The fact that China acknowledge blockchain it also give effects in some altcoins, depending if that alt is useful like BTC is.  Only few alts in top 100 that are not performing well.