Quote from: Ranly123 on May 26, 2019, 11:05:18 PM

Quote from: bonker on May 24, 2019, 12:44:19 PM

US empire looks like its going to wipe out Chinas flagship tech company Huawei. The Chinese crypto technology and exchanges are going to be in the firing line at some point. I'm guessing get thatcrypto out and onto the blockchain is a safer bet than letting it sit in an exchang right now

I don't think these trade war against this two giant nation's will lead to cryptocurrency breakdown. Most likely they are testing their pride about their own phone flagship and if US will ban Huawei then China will strike back by banning apple in their country too.

A trade war over phones has almost no chance of affecting Bitcoin, unless the CCP decides that Bitcoin is a subversive Western invention that's trying to destroy the fabric of their society. Of course, one would think that they would have already declared that, but you should never underestimate the ability for governments to invent new reasons to ban something. Considering the relatively "neutral" stance that Bitcoin has, since it's not a project that lends its origins to any single nation, it shouldn't be politically impacted by any trade wars that go on. In fact, it might be used by some of the people within these countries to escape the economic ramifications that come from a typical trade war.

As for Huawei vs iPhones in the trade war, worst case is that China bans the manufacturing of iPhones, but that'd significantly impact their internal affairs because of the high revenue stream that iPhone production generates. I don't think that there will be anything that extreme, and Huawei wasn't a massive success in the US anyway, based on market share. Chances are it will be a death by a thousand cuts in this trade war.