Bitcoin is Trending on China

[hazenyc]

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.

yes, I agree and it is true, the country of China is famous for the progress that is developed to do mining in a big way and has been recognized by the world, everyone knows that

btc is not new in china but every person on this country are not tired to celebrate btc happenings and this makes them trending  but countries where btc is recently accepted didnt know how to appreciate btc well because i rarely see them make an event same as china were doing .
  i will be gald if every country compete if who will be in the top trend when it comes to usage of bitcoin .

This is a complicated topic as China is many things like in every country. There is the government that doesn't want Bitcoin but rather a state managed digital currency. Then there is the Chinese people who want Bitcoin and other coins. The Chinese government won't go easy on Bitcoin. They have never had an easy stance on it and I don't think they will ever unless they aren't able to resist the demands of their population. Those will be interesting developments to watch out for.

[Taskford]

That's an old one year old report that op posted. Btc is trending almost everywhere and china, being a strong economy, can not lag behind.

yes, I agree and it is true, the country of China is famous for the progress that is developed to do mining in a big way and has been recognized by the world, everyone knows that

btc is not new in china but every person on this country are not tired to celebrate btc happenings and this makes them trending  but countries where btc is recently accepted didnt know how to appreciate btc well because i rarely see them make an event same as china were doing .
  i will be gald if every country compete if who will be in the top trend when it comes to usage of bitcoin .

They have the biggest hash rate so expect them to have a big exposure for bitcoin, althougg we want this to happen on every country but we need to see some good progress in adoption. But I believe soon we will see bitcoin legally rotate around the globe as I see so many merchants now are slowly adopting bitcoin for good usage.

[Jordi129]

Bitcoin is sticking like a sore thumb in the market right now. China notices it right away since their mode of transactions made up mof mostly virtual paying. News such as price pump and dump always create a kind of media attention which resulted in a massive discussion. I do not know if you have heard about the bitcoin halving, This will be another thing that will create and generate massive media attention this year. I believe this is good for bitcoin because at least people get the chance of sharing their own thought on bitcoin again and again.

[Woodie]

I remember those days when bitcoin ALWAYS reacted to what China did in relation to crypto, if it was miners or exchanges been affected prices reacted to that, if it was the Chinese new year prices were mostly bullish it's great to see bitcoin has an antidote to this and behaving less volatile.

I just hope bitcoin is trending for the right reasons in China .

[MrcMrc]

As far as i knew from online that china government is not promoting or accepting any kind of crypto currency in their country as tradable or investment option. . As they have the biggest digital payment systems they are about to go with their own digital currency...

Bitcoin adoption is gaining great stand-in China as I read in the news recently where the china central bank approved Bitcoin and other stable coins to be recognized as an investment option.

Can i have the link of this article that you mentioned here?

Hello here is the link to the china central bank approval of bitcoin and crypto currencies as an investment choice,

Bitcoin has gained a significant milestone in this year 2021 as company’s and big individuals buying into bitcoin and other altcoins.
Link
https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html

[mrongoz22]

The price of bitcoin is trending in china, yes obviously because bitcoin seems to have become mainstream in the financial world and has gained interest from institutional investors, the Chinese government realizes that it is a viable and well-established asset class, but is growing, and needs to regulate, china is regulating crypto will be another big boost for the industry in china globally ..

[Ausgewielt]

I think that's a good thing, but it's not something special. Here in my country many social media business account talk about bitcoin and it seems that many countries are more familiar with bitcoin. Although China has big number of population but bitcoin is currently used by many more people across the world. I think the effect that china can give to bitcoin is not significant.

[Rehan Zakir]

Yes! you are saying right. Bitcoin is now the most popular currency in the world. The biggest number of Bitcoin miner in China. World is understanding the technology and importance of Bitcoin that is why every county is buying Bitcoin. This positive thing indicates that bitcoin becomes very expensive in future.

[electronicash]

I think that's a good thing, but it's not something special. Here in my country many social media business account talk about bitcoin and it seems that many countries are more familiar with bitcoin. Although China has big number of population but bitcoin is currently used by many more people across the world. I think the effect that china can give to bitcoin is not significant.

it's going to be significant because by allowing people to invest in BTC, they might also allow people to mine BTC as well which we all know they previously were regulating and busting bitcoin mining farms. when they do allow them, more virgin coins will only be created in China which the government and the institutions based in China may even buy from these mining farms. they could dominate, corner and control the market