The Future Crypto Market & China Printing Money

[hello_good_sir]

Short term wise, injections like these are quite common when it comes to combating a potential downturn in the economy.

So even though I don't think that this news is confirmed yet, there is every possibility that this is true.

I doubt that this type of aggressive monetary easing will have a significant impact on the crypto markets in the short term at least. It is long term fiat inflation that will push crypto prices up in the long run, at least in nominal terms.

[traderethereum]

Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?

I think China doesn't have to really anti bitcoin at all because we know that they still allow people mining bitcoin. Maybe they have another reason why they do that, and because we don't know what is happening in China and what they plan, we don't have to think more about that. We will see it later once they announce the next news about allowing bitcoin or anti bitcoin or else. All of the questions will be the answer at the right time, and we don't have to guess for more while we can use the time for our own good.

[hongchao123]

Hype around this  virus could cause real recession, unfortuntely. Too many supply chains are already damaged

[TrevorS]

How could you just prove that china is printing 1.2 Trillion Yuan with just a 3 line post with no evidence? Each country has their own reserve bank which has the ability to print the currency notes but the process is quite lengthy. There needs a lot of permissions in order to start printing currency notes but in case of china, china is already facing rough times due to the corona virus.

Nearly 500 people are already dead due to the corona virus whereas 500+ are yet infected and struggling to recover from the most fetal virus. There might be a need to stop this infection so that not much people come under their threat and hence china might be needed some huge funds in order to stop the contamination by spreading some antidote through the medium or air, water or food.

I agree with you. In any case, China will take any measures to stop this crisis; otherwise, China may receive enormous damage on all fronts, from the economic level to a decrease in the level of power in the country. If China can print 1.2 trillion yuan, then it will. In addition, we do not know all the information; only official data is provided to us. Perhaps the situation in China is much worse than it is shown in official media.

[abhiseshakana]

I agree with you. In any case, China will take any measures to stop this crisis; otherwise, China may receive enormous damage on all fronts, from the economic level to a decrease in the level of power in the country. If China can print 1.2 trillion yuan, then it will. In addition, we do not know all the information; only official data is provided to us. Perhaps the situation in China is much worse than it is shown in official media.

China was originally a country that is good at copying and duplicating, now China is a country that is good at making modifications. Some conspiracy theories assume that China's strategy with the One Belt One Road program and long-term infrastructure funding is a cover prepared by China to explore other countries as well as to open jobs for Chinese citizens and also foster the development of industry and manufacturing in China.

China prints money based on projects. We analogy as follows, China has two currencies, let's just say red currency and blue currency. Red currency is used domestically and the blue currency is used abroad or when dealing with other countries. Let's just say that incessantly China offers long-term investment in a country that requires that the raw materials for work and workers start from the workers and the technology must all be from China.

When the project is approved, China will print as much red currency as the project's value. channeled to manufacturers in China to produce project raw materials which will then be exported to the country where the project is running, as well as the Chinese workforce. When this happens, it is as if the development in a country is running because of a project, even though the majority of the money still revolves in China only, because paying the salaries of Chinese employees must be in red currency.

When the project is completed and the Chinese government accepts the return of the project loan not in the form of red currency but in the form of dollars to be converted into blue currency, any value that enters from the project then the red money will be destroyed.

Any project in China, although sometimes less important, still has the support of the central bank and the government because the project ensures that money stays spinning and the economy continues.

[Meowth05]

From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan.

The reason for the plummet of Dow Jones is the European travel ban, and I think that China isn't "panic printing" money. They are trying to recirculate money to replace quarantined currency so yeah you got that wrong.

Link for the reason of Dow Jones drop in market: https://www.barrons.com/articles/coronavirus-update-6700-new-cases-diagnosed-outside-china-world-health-organization-pandemic-51584045281

[germanking3]

The World Health Organization suggested the use of digital money to make payments and in this way decrease physical contact either through tickets or between people. The fall of the markets has also impacted the world of cryptocurrencies, but the WHO's decision could be an incentive for the use of cryptocurrencies and an increase in their price.
Regarding the Corona Virus, I think that the initial impact has been very strong, but surely over the days people will adapt and the activity will normalize. Sadly, China censured the doctors who set off the alarms and wasted valuable time, and the overcrowding in this country helped the virus spread more quickly.
I am optimistic about the future, we must remain calm and stay alert to recommendations such as washing our hands permanently and avoiding attending meetings or places where there is a lot of crowds, consuming hot drinks and above all maintaining optimism because I am sure that in a short time the viruas will be defeated and the markets will recover.

[awik p]

How could you just prove that china is printing 1.2 Trillion Yuan with just a 3 line post with no evidence? Each country has their own reserve bank which has the ability to print the currency notes but the process is quite lengthy. There needs a lot of permissions in order to start printing currency notes but in case of china, china is already facing rough times due to the corona virus.

Nearly 500 people are already dead due to the corona virus whereas 500+ are yet infected and struggling to recover from the most fetal virus. There might be a need to stop this infection so that not much people come under their threat and hence china might be needed some huge funds in order to stop the contamination by spreading some antidote through the medium or air, water or food.

I agree with you. In any case, China will take any measures to stop this crisis; otherwise, China may receive enormous damage on all fronts, from the economic level to a decrease in the level of power in the country. If China can print 1.2 trillion yuan, then it will. In addition, we do not know all the information; only official data is provided to us. Perhaps the situation in China is much worse than it is shown in official media.

right, the situation in China that actually nobody knows exactly if we only follow from the news. but I think anything will be done by China to restore their economy after a few months of decline. and the main thing to do is that this virus must be dealt with immediately, so that either printing money or using crypto can be decided

[Negotiation]

I think maybe we will have a problem if Coronavirus will affect many peoples from China. But well crypto will still survive somehow.

The crypto market in the future may be very good The condition of the market is much worse now because of this coronavirus But I do not think that if the coronavirus affects many people in China, it will not be a problem because crypto does not control anyone and a country can never control crypto. In that case China has no reason to finance printing.

[Botnake]

We are not in trouble, the crypto market is not attached with the centralized system, in fact I believe we are the future as online money is the future and not only that, crypto is decentralized and a good store of value for your money, provided you know how to do it with proper timing.

In every government like China, they can print countless of paper money as they are in control they are centralized, right, but one thing I expect to happen in the future, the economy will be stable again and crypto adoption will continue to grow.

[Gozie51]

Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.

Well I'm looking differently in this printing of money by China. They have been into some set back because of the corona virus and I think they need to pump in money into fighting it before they lose all their people. Health issue is serious business and it needs to be fought with money and plus repairs of other economic damages.

[travwill]

Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?

The Chinese are very cunning. On the one hand, they prudently pretend that they are distance from bitcoin and cryptocurrencies, on the other hand, cryptocurrencies are not prohibited in China, and they are leaders among bitcoin miners. What does that mean? And the fact that at the right time, China may be the first to accept Bitcoin by playing cards so that this will give advantages to China and its economy.

[wxxyrqa]

Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?

The Chinese are very cunning. On the one hand, they prudently pretend that they are distance from bitcoin and cryptocurrencies, on the other hand, cryptocurrencies are not prohibited in China, and they are leaders among bitcoin miners. What does that mean? And the fact that at the right time, China may be the first to accept Bitcoin by playing cards so that this will give advantages to China and its economy.

For some reason, it seems to me that, unlike our officials, Chinese officials are not enemies of their people and their state.  while in other states governments artificially create inflation by printing new money, thereby making their citizens poorer, in China things are a little different.  Based on this, the Chinese government is only remotely located at a distance from bitcoin, but their policy will not contradict the use of cryptocurrencies as a means of payment and the recognition of Bitcoin as a digital asset.

[Kurokonobasuke]

What? Are you sure that China is now in the stage of printing money? Do you have any proof that can convince us that china is panic printing of money? When we relate in the real situation, we already know that the country of China is the epicenter of the coronavirus so that there are so much people are infected. Printing money this time is not an effective way, because as we can see the fiat currency is one of the way in spreading virus by just passing it with other people. So that it is not the time for panic printing of money. The most effective way is to use digital money and not physical money, using digital money will also prevent the virus in spreading it instead of physical money.

[abhiseshakana]

What? Are you sure that China is now in the stage of printing money? Do you have any proof that can convince us that china is panic printing of money? When we relate in the real situation, we already know that the country of China is the epicenter of the coronavirus so that there are so much people are infected. Printing money this time is not an effective way, because as we can see the fiat currency is one of the way in spreading virus by just passing it with other people. So that it is not the time for panic printing of money. The most effective way is to use digital money and not physical money, using digital money will also prevent the virus in spreading it instead of physical money.

I am sure not only China but almost all countries will print money for the efficiency of corona pandemic mitigation and overcome the economic recession that occurred after the corona pandemic ended. America, Japan, and even China are countries that use money printing strategies to support their country's economic development.

Printing money in China uses a strategy. Printing money with an underlying project, the project must be layered and all use raw materials, domestic workers and none of them are imported. The goal is money to spin at home and the economy in China continues to spin. This can be seen why China has two currencies namely Yuan and Renminbi. OBOR/BRI is a grand strategy so that China always has a project so that manufacturing continues to move and its workforce is absorbed, while the fuel is in renminbi printing so that the dollar enters China.

[bitgolden]

I just hope some of that money comes to us, think about a huge Chinese money influx into the bitcoin sphere, that would mean trillions of dollars in increase, not totally from china because they would put probably some billions into bitcoin and not trillions but the increase would mean the price could increase bitcoin market cap into trillions as well, when you buy from 6-7k and make the price go over 20k, you spend billions but the marketcap becomes trillion and that is what we really need right now.

However I doubt we will somehow get that, we will probably get at most a billion dollars and probably not even that from china, they are not really too much into decentralization considering they are a dictatorship, hopefully they will change their minds one day.

[coolcoinz]

Well in another post I was wondering how China seems to be in some cases so anti bitcoin but they are usually the top mining pools in the world. What do you make out of that?

The Chinese are very cunning. On the one hand, they prudently pretend that they are distance from bitcoin and cryptocurrencies, on the other hand, cryptocurrencies are not prohibited in China, and they are leaders among bitcoin miners. What does that mean? And the fact that at the right time, China may be the first to accept Bitcoin by playing cards so that this will give advantages to China and its economy.

They banned their banks from offering services to bitcoin companies because they were afraid of too much capital leaving the country. It's normal for communist countries who want to control their economies. The Soviet Union had similar policies towards the West. Buying the Dollar was prohibited and people were street trading because they could not register a legit exchange business. China will not change in a year or two. It will take decades.

[abhiseshakana]

They banned their banks from offering services to bitcoin companies because they were afraid of too much capital leaving the country. It's normal for communist countries who want to control their economies. The Soviet Union had similar policies towards the West. Buying the Dollar was prohibited and people were street trading because they could not register a legit exchange business. China will not change in a year or two. It will take decades.

Naturally, if China exerted strict control over its economy because of the economic side of the many vulnerabilities possessed by China with a jumbo population. that is :

- The number of mouths to be fed is large
- Dependence on imports of energy, coal, petroleum, gas, and uranium
- Money printing habits

Apart from being a communist country, the fundamental reason for the government, communist parties, and state-owned companies to exercise strict control over the economy is that the printing money policy has an effective impact on the availability of jobs for the Chinese people which means that the money printed must revolve at home alone not to be allowed to leave China. The project may be outside of China, but the renamed must keep turning in China.

Concerning the cryptocurrency policy, China's concern is that if the printed money runs to unproductive and speculative sectors, an economic bubble will surely occur and will affect the entire Chinese grand strategy going forward.

[Averim]

Seemingly this Corona Virus has put the Free World and its associated markets into shambles. From Dropping the Dow Jones over 500 points on Friday to now seemingly China "panic printing" money in the nice sum of 1.2 Trillion Yuan. Needless to say the real questions lie in "What Next"? "What's really going on"? "How will this effect everything"? "Are we in trouble"? As usual any thoughts and comments are more than welcome.

The result is simple, there will be on market more money than the gold who gives the value of it. As much i understand from some time rich people started to buy gold so probably this entire situation goes in a wrong direction.

[cotton ball]

China become most respond country how to make bitcoin going on at the future, always what did by China will give big effect for bitcoin like when bitcoin banned in China price suddenly down, but when have good news can guarantee to make bitcoin on the top price and get positive respond.