by Hodler Ash 
Meaning Of Choyna In The World Of Crypto ?
The cryptocurrency world can get very weird at times and the main reason behind it is the fact that all the traders want to have some sort of fun in between works. There are many words that have been invented by them which are not known to the common world and only known to the people who have been around the crypto world for a long period of time. Choyna is one of those funny words that are used by the traders very frequently. Basically, it is the funny mimicry of Donald Trump saying China because that is what he pronounces the name of the country like.
Hence, Choyna is a misspelling of China and it is used very frequently only because China always puts a great influence on all the traders across the world because a lot of traders from China invest in cryptocurrencies. In fact, Now China is one of the best countries for trade and cryptocurrency trade includes in it.
More About Choyna In Cryptocurrency
China which is referred to as “Choyna” by many people in the market has reportedly accounted for majority of the Bitcoin mining and trading overall. The government later on, unleashed severe crackdown but the influence that the market of China led on the cryptocurrency market is huge. Many countries look up to this particular country in order to gain motivation and get influenced for investing more in the cryptocurrency. China is deliberately misspelled as “Choyna” to mimic the US President Donald Trump’s way of saying “China”.
One always needs motivation and China provides that to them. This distorted term of China called “Choyna” has a very highly active cryptocurrency market and absolutely makes sense why.
Every new man in the cryptocurrency world who is very much interested in trading with coins such as Bitcoin and many more should know about the policies of Choyna. It is not only a country at this point of time but an example. Many people also joke about the spelling and there was a conference in which the Foreign Affairs Minister, “Winston Peters” (when asked about the events happening in Choyna) said that he will tell about China but not Choyna. It was just a funny joke and at the end of the day, without any doubt, China metaphorically owns the market.
This term was very frequently used during the last period of 2017 when the Bitcoin was at an absolute high. Since all the traders came to know about the fact that China has invested and sold many bitcoins and earned huge profits, there were deep discussions about Choyna. That is specifically when the term became so popular.
China And Cryptocurrency Now
At this point of time, Choyna is getting more popular after cryptocurrency so huge potential in the luxury retail sector of China’s market. The Government of China now, has a very challenging relationship with the blockchain. Many things happened in the government lately and all the speculations and heated debates came to a conclusion that the citizens of China should not trade in crypto but that does not make up to the fact that the country does not see value in technology. It obviously does.
Among the lot of things that happened with Crypto in China, one of the most important things that happened was the fact that it implemented a blanket ban on the trading of any cryptocurrency. During the time this was announced, China was still hosting some of the world’s largest crypto mining operations and the whole world was shocked with the decision they took.
Anyway, Choyna is again seeing a great possibility to respond to the market needs by the introduction of digital currency or electronic payments. They will come back to track very soon.
