Quote from: rik1 on October 26, 2018, 11:33:52 AM

Quote from: kenman on October 16, 2018, 05:04:41 PM

Quote from: rik1 on October 05, 2018, 07:23:51 AM

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

hi. i think it has a lot of influence already, many users can be spotted from there. besides, come of their companies are adopting blockchain technology and they can afford inviting brains from abroad

The size of the cryptocurrency trading market in India is estimated at 5 million traders. India seems to be next in line to legalising Bitcoin, now that the government has agreed to regulate Bitcoin. The Indian government has agreed that regulating Bitcoin could be beneficial and is currently creating the laws to do so. The Reserve Bank of India is also considering using the blockchain technology in banking. The committee will not only examine the present scenario of crypto currencies in India and around the globe, but will also suggest measures and means to deal with consumer protection, education and money laundering.

And for fact if every person in india Buy $1000 (0.15BTC) worth of bitcoin then according to current supply of bitcoin the price of bitcoin will be $141500.

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To be honest the two countries would have the effect if they were in the market already. Both of them are already out of the race and are not making any good progress. The India itself having worst days of their economics and most of the regulations are going against the crypto currencies. There cant even exist a bitcoin ATM in India so how can anyone expect them to contribute to the blockchain anyways. China, as of now we already know they are also having stringent regulations for using the bitcoin and its almost impossible for these countries to make an open trade of crypto currencies.
Also note that $1000 is huge amount for the Indians to spend on the bitcoin, in their country its almost 5 figures amount.