Will China start Altcoin Season

[Doell]

I will not be in a hurry to take altcoin which has to do with any news ,simple conclusion will only wait and always see market conditions if its possible to buy then I will do it and will not be related to any news sometimes I'm afraid just a trap

[Darooghe]

In fact i’m waiting for the start of NEO and TRON season, not Cardano or altcoins season, because people are referring TRON and NEO as the Ethereum of China, and both of them are a global project with global development. the rise of the last two days tells you everything about Neo and TRON, just look at the chart. I am of the cap that believe that several Altcoins (EOS, Neo, Ethereum, BCH, BSv and Ripple) will survive. so i am not selling any of mine. many projects are really doing a lot and trying to survive the bear market. i am just trying to ensure that i continue to let the whole space know that NEO (and maybe TRON) are one of those projects so that we can continue to be encouraged.

[BlackFor3st]

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/

This is a great news as it can really help the crypto society to grow more and the investors will be widen especially that China has the most number of millionaires right now in the latest news as they overtaken the US.

And I like their list as they put Ethereum as their number 2 but still I am not that confident with their first choice but I love to see also whether their choices will affect the grow of EOS investors as they put it number 1 in their list.

[Nivia1st]

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

You're wrong, halving isn't everything. You can see some time ago when Jinping said the importance of blockhain technology. and look at the market reaction at that time, bitcoin rose high in just a short time. just imagine if China started actively developing crypto(blochain technology) projects, I'm sure the altcoin season will start from china.

[Tilbrook007]

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

They are developing a lot of projects according to what I have read!

You're wrong, halving isn't everything. You can see some time ago when Jinping said the importance of blockhain technology. and look at the market reaction at that time, bitcoin rose high in just a short time. just imagine if China started actively developing crypto(blochain technology) projects, I'm sure the altcoin season will start from china.

[xiboothrezi]

This is a great news as it can really help the crypto society to grow more and the investors will be widen especially that China has the most number of millionaires right now in the latest news as they overtaken the US.

And I like their list as they put Ethereum as their number 2 but still I am not that confident with their first choice but I love to see also whether their choices will affect the grow of EOS investors as they put it number 1 in their list.

ETH is still the best choice Whatever it is, with this list, most people will also be affected. Moreover, China is very open to cryptocurrency, the effect is quite large. The Chinese government is also very concerned about the news circulating related to cryptocurrency, this is evidence that they also focus on providing education to citizens about this new technology. See? the Chinese government is serious about this, so the list given as a suggestion cannot be underestimated. With news and rumours, we use to take profit, hopefully, this is the beginning of the bull run.

[Sahyadri]

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/

A country where cryptos are out rightly banned, will bring an altcoin season? I highly doubt that.
Just one statement by the president about blockchain means nothing at all. Crypto space has gone unaffected (both positive and negative) through many such news.
The thing to notice is that Chinese are involved heavily in OTC crypto trades which goes undocumented. That doesn't really affect the market price as such. So increase in searches doesn't mean that altcoin season is upcoming. 

[nakata121]

I think so far the state of China has only banned bitcoin mining, and have not prohibited the application of blockchain technology, some time ago of course we have heard news that the Chinese will make their digital currencies and of course the news shows if China is indeed developing crypto and Blockchain in their financial technology in the sense that they do not completely prohibit the development of crypto in their countries.

[TastyChillySauce00]

This is not really clear, the statement attributed to the Chinese President Mr. Xi Jinping, refers more to blockchain technology and does not directly refers to any existed coin or token though, the effect of chinese fully back to blockchain shall be positively felt by all existing coin.

Some Chinese companies might become whales in the companies listed: I understand what you are saying and there is truth in what you say but it's a wait and see at the moment. A Chinese bank just bought a major crypto wallet.

At least it's better to provide any evidence about that. As far as i know, if XI is only stating about blockchain and crypto is not getting mentioned on his statement.
Just because a chine bank bought a major crypto wallet doesn't mean china will be the next crypto house.
And can i ask you about what company? It looks like some of your words are not in topic.
I feel curious what do you mean about whales in the companies listed? that sounds weird for me

[imunk]

I think so far the state of China has only banned bitcoin mining, and have not prohibited the application of blockchain technology, some time ago of course we have heard news that the Chinese will make their digital currencies and of course the news shows if China is indeed developing crypto and Blockchain in their financial technology in the sense that they do not completely prohibit the development of crypto in their countries.

Maybe China want to make they own coin and block other's so they can get big profits or protect they economy from  Foreign Coin.

[Ferris419]

I don't think china's crypto endorsement will make the altcoins season begin! Only a project with higher trading volume and working product will remain strong and will grow, not every alts! I think China people entering in the crypto for buying Bitcoin, NEO, Ethereum, EOS and so on good coins, it will make the reputed altcoin price grows, not the altcoin season!  

[Mammothcoin]

Apparently China has been seemingly postive about blockchain technology. This has definitely had positive impacts in the cryptocurrency market; from the president's vocal support of blockchain technology to the blockchain technology friendly law. It is very likely that China could as well set the ball running for the altcoin price rally.

[ableh]

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

We can't stop how China make bitcoin and altcoin price become higher just one moment, where bitcoin can growing up with short time and China will make altcoin on higher price too, when China announce for adopting altcoin as legal payment I think price altcoin will grow up, but China will selective for which one altcoin have to make fly to higher price.

You forget the two things that often happen in the crypto space "fud & fomo". Even though you think only a few altcoins that will rise high, but the fact is the price increasing can also happen to all altcoins including shitcoin although. Why is that? because in crypto space there is too much fud & fomo which basically can influences the psychology of traders. Just look at the history in 2017!

[bvg96634]

This is great news. I think China will be a huge push for cryptocurrencies. I would really like to see the new altcoin season. I hope China can do this.

[voteformeg]

china is an ever growing economy and there was a time that i was scared that they will try to ban the whole cryptoscene but as i heard the last day their voice is very important and they give crypto a good boost

[Inu.Guren]

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

[prehisto]

As far I understand, there is no solid proof that Chinese people will be allowed to invest in ICOs or cryptos in general.
The high official said that blockchain has potential and should be developed, this does not mean that the they will allow to invest in projects from abroad. There is slight indicator that some are taking these news as you said, the indicator is that NEO had  good rally.

[Classica35]

I so much respect the Chinese when it comes to investment. You would have known he influential they are, by the time to notice their presence on a project. A project that seems not to be well known, starts gaining recognition.

[Gab20]

As far I understand, there is no solid proof that Chinese people will be allowed to invest in ICOs or cryptos in general.
The high official said that blockchain has potential and should be developed, this does not mean that the they will allow to invest in projects from abroad. There is slight indicator that some are taking these news as you said, the indicator is that NEO had  good rally.

Have you read about or heard of the Chinese new year festival? During time time of the year that thus festival is being celebrated, there is usually an adverse effect on cryptocurrency,  because the Chinese will be on a break by then. This is a proof that the Chinese invest in crypto.

[nanaimogold]

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.