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RE: Can currently excalating TRADE WAR be good thing for crypto? I would like to know your opinion.

in #crypto6 years ago

@crypto.piotr.....I think it the trade war will have both a positive and negative effect on cryptocurrency.

I will start by explaining the positive effect. Some great rich business men may decide to make use of the opportunity to create ICOs with the business plan of stopping trade war. They tend to persuade people to buy and invest in their cryptos just to resolve peace between countries in war and this will really add more to their wallet. People who take part in this type of cryptos may end up gaining because there is high chance of different government organizations supporting the cause which is a high chance of developing the blockchain system.

It may turn out to be negative a negative effect because there will be discrimination and discouraging attitude between the parties involved. What I mean by this is that if a crypto is produced from China and let assume China has conflict with USA. There are high chances of USA government counterparting against China cryptos either by discouraging people against investing in it or by doing other things just to get rid of the cryptos. This may turn out to be a great loss for investors.

NOTE: I answered from my perception and I those countries are just an example to explain my view and that doesn't means it is happening there.

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your replies @hardaeborla will never stop to amaze me! :)

Thx for sharing your view on this topic. I really appreciate it a lot.

There are high chances of USA government counterparting against China cryptos either by discouraging people against investing in it or by doing other things just to get rid of the cryptos

I didn't think about it. Greatp point my friend! :)

Yours
Piotr

You are welcome boss 😀🙌💗