Bitcoin Forum

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

more or less for now we need them to reach all time new highs,
if they dump it all we will face a huge drop and we may be can see $1000 again,
but do not afraid,they are not a fools and will not do that because Bitcoin still has a lot room to grow and not implemented yet.
for example do you remember when they disabled withdrawal for the users ?
and what is the reason behind it ? to upgrade the security and fight the money launderer,pyramid schemer,etc etc.
after a few months later they enabled it again.
right now chinese goverment banning ICOs to prevent something like that again ?
i just wanna say it's a classic move.

even if they sell it and we are facing $1000 again,
i do not really care about it,because a lot of people will store it for future.
let say they will spend it all next year and we hit $1000 again,i believe Bitcoin believer will keep buying it and when the time comes the price will slowly recovering from it.

in conclusion we need them to hit all new highs for now,but for a long term view ?
i believe we can do it without them(iam not really sure they will do it btw,they are a smart people,and will not doing something like that.everything is all about profit,profit and Rich)

I would say this,yes if you want bitcoin to reach ATH high fast then yes china should be in the picture of bitcoin But Bitcoin will reach ATH no matter what.If china bans bitcoin/no one in china uses bitcoin then also we will see price increase but not fast.It may take years but we will see 5000$ up.I want this china shit to over.All Chinese who spread FUD to gain bitcoins of week hands should be banned by their government and then we will see the healthy growth in bitcoin once the china cancer(Jihan Wu etc) is completely out of bitcoin.

There is no leaking, leaking is when official documents or something is released to the public, but there is no such things, just the media saying that someone told them that there might be a Bitcoin crackdown in the near future. Rumors at best.

One need more solid evidence to change long term investments. I don't see the hashrate falling more than usual, for example

It's already priced in (or might I say, out). It already happened. Why are you still talking about it? just let it go. China banned bitcoin, everything else coming from China is now irrelevant, they have no power anymore to get the price manipulated. I can't imagine the kind of idiot that is still reacting to "China ban" news. Smart money has already moved on and are now long for an all time high. Don't get trapped into the trap of the PBOC recycling the same news trying to keep making damage post-ban.

There is so many people involved in  bitcoin from China that it has been reflected on bitcoin price directly. So my answer is Yes on the pol.

And there are so many people manipulating bitcoin from China, that is a good thing they are "controlled" at this time.

There are hundreds of countries, billions of people outside China, so my answer is no.

look at the current price when china sells their bitcoin, I can buy at a very low price, and now the price is back to normal, All be better when bitcoin without china

This. We've been plagued with "China bans bitcoin" stories since 2014. It will be lovely when the ban finally comes into effect and the world can move on!

+1

To everyone here...

IMO China will never ban or allow Bitcoin. They will keep a low profile and stop the Chinese economy getting burnt on this volatile "currency" by regulating it.
They cannot stop it but directly allowing it is not a good thing either. Bitcoin needs time to blend in to the economy without hurting it. THAT is what they are doing in my opnion.

Why are the exchanges shutting down? Is it a ban? ..... exactly you have no clue ... then stop the FUD or post the evidence

There are many more plausible reasons why those exchanges could be shutting down
I also have no clue but can think of many non-ban reasons

1. Haven't registered themselves correctly as a financial institution
2. Don't adhere to rules and regulations for financial institutions within China
3. Not profitable or they cannot pay their taxes
4. Tax evasion or other criminal reasons to shut down a company
5. No good auditing in place so their business must stop
6. Insurance requirements?
7. etc.

Remember: Bitcoin is transitioning from a novelty to a real currency ....

Mining will move to other countries. Japan seems to be trying to get a big piece of that pie. Russia seems to try to get in as well. Chip manufacturers will join this space as well. Furthermore miners like Bitmain already have farms in places like Mongolia.
Chinese exchanges weren't that much of important anymore since the end zero fee trading.
So imo China will not do itself a favor. If they wanna ban and themself off from Bitcoin so be it. The people there will find possibilites to get Bitcoin. And I'm sure corrupt politicians will still buy and sell them!!
I'm not worried in the slightest. It will make Bitcoin stronger as it is will show that ban of a mighty nation like China can't destroy it. The rich will buy even more BTC!

just when the price goes $4K? such a sad thing for them really, it seem like they are backing away from the future currency. or are they just going to concentrate more on NEO. so sad though that they released it to the whole wide world and every hopeful investors owned NEO already.

Well, my personal opinion is that we will be much better without China. Anyway the Chinese don't like decentralized currencies. They only like currencies such as the Renminbi, which can be manipulated by the government. Just ask the question yourself. Why we need to bother so much about China, when we are witnessing increasing demand from countries such as Japan, South Korea and Australia?

I consider China a prime mover and big player in crypto sector and bitcoin in general with their mining power. However, they have chosen the path to stay away with the crypto so I guess we need to moved forward without them. Its their total lost, not us. Bitcoin is not tied to a single entity and as much as they have the mining power, it will be immediately filled in by other nations like Japan and South Korea. Its just to say to see them suddenly waging war against bitcoin which they started the revolution to begin with.

If time is anytime soon then answer is YES. Currently There are lots of Chinese Bitcoin users. IF suddenly by some miracle they would be cut of from Bitcoin blockchain, number of transactions would fall back not only for months but years.

Bitcoin will survive with China or without it. What is happening right now is a result of massive dump that happened recently. Bitcoin will recover and reach another all time high in few months. 8)

Then why did the Chinese exchanges announce that they will close and terminate their operations? There may be no official announcement from the PBOC but there is not proof that the leaks are the slightest of rumors either.


That is where you and me differ. You think Bitcoin will be affected badly because it needs the Chinese market to reach new all time highs. Bitcoin does not have to do anything. The market comes to it.

it still believe that all the news about China has been greatly exaggerated which makes it big FUD. and because of that i am afraid we are not going to get rid of Chinese anytime soon. and it is pretty bad if things continue like this! as it was mentioned before, we have this drama about China for a very long time. i believe the first one was back in 2013 when they prohibited banks and other big financial firms from investing in bitcoin. and that news came out as "China banned bitcoin".

if someday they do really ban bitcoin we will finally have a lot less drama in bitcoin and hopefully the biggest source of FUD will be eliminated.
as a result bitcoin will go on stronger.

China has I believe something like 80% of mining - if all of this is switched off - then blocks will take 5 times more time to be mined and the difficulty adjustment will come only after 5*2weeks. This slowdown will generate more criticism.

Yes chinese is one of the biggest market of Bitcoins and if China will be eliminated on the play well we can actually suffer from a crisis of price falling and actually where suffering from it right now since bitcoins is slow upon going up and reaching for another milestone unlike those other days where bitcoins has no issue that the price of it is almost unstoppable for surging harder.

What will happen will happen only time will tell...

Bitcoin will die with out china but I hear the news is only temp not forever

China have a huge contribution on bitcoin community and it takes a huge effect if they leave. And I can say that, China have almost take  control of bitcoin. They have the power to regulate the flow of bitcoin in the market and  its price. If the time they will step out from bitcoin, its hard to recover immediately.

This is significantly different than previous times that China "banned" Bitcoin. Years ago, it was always only rumors; nothing ever happened. This time, they shut down the exchanges. I agree, that event is likely priced in by now.

But if we're talking about the possibility of the P2P network itself being banned within China, or mining being banned, this could be construed as far more detrimental to the ecosystem than the loss of Chinese trading volume. If mining were prohibited, I wonder how much the hash rate could drop overnight? These things are not priced in.

Are you missing some words or you really intend to say that bitcoin will die without China? The ban is temporary and bitcoin mining will not be ban, it's still quite early to assume that mining will be ban. China makes money from crypto currency and bitcoin itself because the mining hardware manufacturer are located there. And that is what I doubt that China can take it without bitcoin and other crypto currencies.

Well Chinese investors are not just gone.

Tehy are still going to be with us no matter what their government decides to do because of the fact that bitcoin is decentralized. They will no doubt still be big time traders, investors and miners and still hold a sizeable amount of influence over bitcoin.

If you think about this, this current news going around even if it's true does not really matter. In the end, bitcoin will soar with or without China. But even if chinese exchanges are banned, chinese investors will just trade p2p. It's that simple.

Do you see Bitcoin dying in the past 2 weeks? China is just one of many participants and the fact that China has often changed their rules and so on, no one trusts China to support Bitcoin and no one expects them to participate in a decent manner. Transactions in Korea surpassed China about a month ago and as far as mining equipment goes, they are the worlds factory and will continue to be that.

Chinese investors have no where to put their money in a safe manner. So Bitcoin is actually a very good investment for them. They will always continue to try and buy as much of it as possible just for that reason alone.

A lot of people pay attention to China. This is wrong. China has a large number of people and therefore, helps to quickly establish a sales or production, but it is only a respite. Now bitcoin is popular enough to continue my life without China. It's even good. It is impossible that the Chinese had a monopoly on the market of bitcoins. We are already seeing how they captured the market share of global production of goods. I hope that bitcoin will not make the same mistake.

But they already have captured a near-monopoly on ASIC production. Nobody competes with Bitmain. I am hopeful that GMO and DMM (Japan) will become a force to be reckoned with next year, but we will have to wait and see.

But anyway, Bitmain's position as both ASIC producer and mining firm is pretty key here. In the long run, a Chinese ban on mining would be great for decentralization. But in the short term? The majority of hash power shutting down overnight could have some detrimental effects....

You guys keep talking about China. Bitcoin is a currency of the world. No one cares if China buys it or not. Japan is the new China anyway. Russian is going to become the country with more hashpower. Only good things coming for Bitcoin.

All in due time, yes. But this is the Speculation forum. We are concerned with price action, and many of us are trying to get a handle on if/when to hedge our BTC holdings. I'm a Bitcoin bull, but I'm not going to simply hold everything if the rumors are true and China blocks access to the P2P network within its borders and bans BTC mining. I'll short futures on BitMEX and hold until I see a capitulation through all those stops below $3000.

Hodlers may hate China, but traders love the volatility. :D

bitcoin if in China really have forbidden I think it will not be too influential because
in other countries also have many who start using bitcoin even in my country in Indonesia
 transactions per day bitcoin reach 1 billion so be sure bitcoin will continue to increase in
various countries though not can be denied China is the country's largest country in the
use of bitcoin and certainly affect what bitcoin prices if they really stop the use of bitcoin

Well, to a certain extent it does. In the past 2-3 weeks we have seen what a ban on ICOs can do to the price of bitcoin. I would have to say that China is certainly an important factor in bitcoin's life and trading. Since china is  one of the biggest traders of Bitcoin - removing it would be a negative impact to the price of bitcoin altogether.

China has always been more like an illusion that anything real. they were a part of the market, that is undeniable but it was never big. we saw clearly that their volume was 90% fake. there is no real adoption there either! compared to other countries where there are actual usage for bitcoin so it is not just for trading.

China is more like Boogeyman. everyone is afraid of it but when you turn the lights on you see nobody there.

This is the sad truth about China. Even though we keep saying that we don't need them but the reality they hits us very hard. Maybe eventually without China the market will crawling slowly but definitely recover.
All we can do now is move on without China, no more regrets now because we still have the western countries and asian countries. I know it's hard but we all make this through without China.

bitcoin without China will remain bitcoin as it was bitcoin before :)

China has never been controlling bitcoin despite what the FUD wants to force on people but the sad part is that sometimes truth does't matter but instead what people believe in matters.
sometimes it is even hard to change false beliefs. if you tell them the earth is round they will hang you for blasphemy!

that is why there is a panic sell each time there is negative Chinese news and that is exactly why it never lasts long and price always recovers even without Chinese.

I will wait to share your optimism until we are making new all-time highs. Until then, I'm not sure I can agree that price has recovered.

I'd say the ICO and exchange ban aren't major issues in the long term. But if they follow through on the rumors about banning mining activities and the network itself, that would be far more detrimental. China provides a majority of the hash rate and is the biggest player in chip fabrication. It would certainly throw a wrench into the ecosystem.

Did anyone fail to notice that we only got beyond 2013 price levels when China was shut down at the start of the year?

If the Chinese zero fee exchanges still existed we would be nowhere still. The rest of the world slavishly followed them for whatever reason even though it was four teenagers and their bots. As soon as there was a rise in the West, China shat on it and it was back to square one for weeks or months.

We only managed a new ATH because China was out of the game. When it came back into the game it was just another market that the rest of the world wasn't paying much attention to.

Bitcoin's price would never reach its potential with China in the frame. It has no purpose or use there other than gambling. We're well rid.

confirmed

I also agree with the comment abouve. China always make speculation negatively, they don't have any positive effect on bitcoin market. So I don't expect them to be beneficial for the environment.

My initial thinking (due to the timing) was that the Chinese exchanges had just been suppressing the price. Perhaps it's a tad more complex. An old stock trading friend looked at the charts and gave me a theory. He said that the 2015-2016 chart looked like insider accumulation -- much like NVDA for years before the bubble.

After getting some background in the miner economy, he surmised that Bitmain and associates were using the Chinese exchanges to manipulate the price. Accumulate for years while controlling the supply, let the supply evaporate, and let the hype feed on itself. Beautifully played, if so.

but i think that they have great population in involve in bitcoin therefore i think that they must have effect on bitcoin tempera rely but very soon bitcoin will recover its position and hope that it will even survive in a better way without China involvement. because bitcoin is decentralize currency and its users are present in all over the world.

 :DEven without the Chinese people, Bitcoin will continue to develop.

as i see bitcoin is now back and rising without china or others help. bitcoin will continue to rose higher until the end of the year and that is written on the phrophecy no one could blocked it , thats the future of bitcoin and soon bitcoin will rule the world of curenncy and will replace the dollar or any kinds of money because it has a potential above all.

Bitmain should start outsourcing their manufacturing and distribution to other Asian countries where producing them is cheap if Jihan Wu wants his company to survive.

A prospective country for Bitmain is Vietnam. I heard that it is a good destination for manufacturers of computer parts to establish themselves. 

China is the 1 (maybe a bit more ;)) percent. Let them be, we have other paths left where growth can rise from.

China does have real volume still and does own a large portion of the network hashing power. You simply cannot deny that fact and i think it is not fair to just discredit their power to influence the markets like that.

But their influence has gradually declined over time because of government regulations and so on.

I'm sure that we can continue without Chinese investors and reach more all time highs. This is why price is so stable even though there is so much FUD from china and i'm sure we'll hit $5k by the end of month. Plus, China will not just vanish. People will find creative ways around the regulations, like p2p trading.

bitcoin without china then bitcoin will survive, but when bitcoin with china then bitcoin will become stronger.
so we do not have to think about what will happen because bitcioin will still exist.

Bitcoin without China is having a clean and peaceful trading. Most of the BTC whales are Chinese, and owner of huge bitcoin farms. They can manipulate the price if these group of whales perform a dump.

For me it does not matter China or any other country. We cannot allow monopolies of any country. This we put at risk the future of bitcoin. Lately manifested many flaws which the developers have not provided. I hope that they will not lead to collapse.

I thinks bitmain now will still be loyal to china even though the chaos happening is more like a funny tale. Well that's been part of the game in digital currency, spreading rumors is the strategies of bigger whales in china and maybe we can give them such respect even though it's a challenging part. The banning might be just a good ways for other people to become more aware that investing here in digital is not that easy.

Well maybe we can consider a more peaceful trading without them but their country is behind the why is the value of bitcoin reach this kind of value, even if their government really want to control bitcoin it is their doing in why bitcoin have a great value right now, that is why the value plummets down when a fake news erupts many have seen a speculation that the price would surely fall.

Currently bitcoin needs china because usually big mining centers were open in china and also great exchange websites were coming from china. This means china plays a great role in bitcoin's price and it's economics. I think china's announcement was late for us, if we will have still 2-3 month, I think china could exist from bitcoin world without any issues for us.
Still hard to say, they played big role.. Can bitcoin achieve higher prices without china? Don't know what to say.

China has been one of the leading countries involved with bitcoin activities, like trading, mining and many more. So for sure, it will have some affects on the market of bitcoin if China closes down the trading platforms for its customers and every using bitcoin in China suddenly gets a break from it. Though they might start using it again from some other way but for sometime, it will surely keep the price down a little bit.

The event banned ICO market and some exchanges by the Chinese government has many benefit.
It can helps the whales can buy a huge amount of Bitcoin with bottom price + create a FUD for traders on the market.
Therefore, most of the traders have not experience are fearing, they very worry about invest into cryptocurrency after see the price of them fall down tremendously.

worst thing that can happen in case China banned mining is a drop in hashrate! and that means some delays in finding of blocks until the difficulty adjustment time in two weeks tops. and by that time everything will be back to normal again!

of course the FUD will be present at all times but bitcoin will continue on. and remember the big %%% of hashrate comes from "pools". miners from those pools may very well continue mining but on a different pool. in other words some relocation will be in order.

definitely something they should consider.
or they can do it in the Philippines where the government don't care. electricity could be an issue here but i think its possible for miners operate by setting up my wind turbines or solar panels for mining.

Nope if all nation will support bitcoin without china will be on top as always. It is just that china making noise about they're existence in bitcoin for others to backed of and follow they're lead. But that case only applicable if china totally banned bitcoin but that is not happening right now. They just want attention as what they always do even in a real world scene.

It's not clear this will be necessary. Even if mining itself were prohibited by the government, and assuming that Bitmain would comply (at least domestically), that doesn't mean that mining production must be ceased. From a capital outflow perspective, it makes sense to allow Bitmain to continue to dominate the ASIC manufacturing market. Why? As long as CNY purchases are restricted (thereby preventing Chinese investors from mining BTC), then Bitmain represents a net capital inflow for the country.

I think it goes deeper than this, though. I honestly wonder if the Chinese intend to nationalize mining operations.

China is a big country and there are lots of people who are willing to jump to Bitcoin wagon just to take advantage of the opportunity.  If ever China is removed from the Bitcoin economy, I believe large portion of the current Bitcoin support will be removed making Bitcoin price value to plank.  Though I also believe market will recover, new bloods from other country will join the Bitcoin community and once again the price will rally to its new ATH. 

To reach new highs, China isn't necessary at all as bitcoin is used worldwide and doesn't rely on a certain country.

Just to clarify, China has prohibited exchanges to and from fiat money. They didn't prohibit mining and I haven't heard that the possession is also not allowed.

Apparently, there are more regulations coming down the pipeline, and we haven't seen the end of it (https://twitter.com/bitcom21/status/910579445198602240). In addition to banning exchanges, supposedly the most conservative outcome is banning all OTC trading. But we could be looking at a state takeover of mining operations. I would say that any miners residing in China have an uncertain future right now.

As far as holding cryptocurrency goes, I don't think that's an issue. I actually think the fact that Okcoin and Huobi were investing client funds (likely operating as shadow banks to move CNY into overseas investments) is a bigger deal to the government than mining is. They were apparently investing ~ $150 million worth of client assets combined (https://twitter.com/tuurdemeester/status/900027535450353664). Side point: this is also raises questions about solvency with regard to fractional reserve.

That is an interesting thought. One of the many ways to have some "control" on something is to control its production. In Bitcoin, controlling the miners would make it like you have a "stake" in the Bitcoin "DAO", if you get what I mean.

I disagree that the miners will have an uncertain future. China might forge partnerships with the miners and let then continue with their progress in mining and production of ASIC.


Yes. I believe the "ban on mining" is an exaggeration from the fudsters.

Yikes. That would be bearish for bitcoin. Investors tolerate private Chinese mining operations, but to put so much faith in something where your transactions are validated by the Chinese govt? Nah.

If that happens, I can see a flippening happening and people switching to Ethereum especially if the POS comes off.

I don't think bitcoin needs china to achieve its new heights. China is big country, it can be much beneficial for bitcoin but Many famous company like Google  Amazon achieve their new heights without invest in China. So bitcoin can also achieve its new heights without support of china.

In the long run, yes. But now Bitcoin needs China.

if by "now" you mean in 1 week then yeah you are right. if China comes back today and all the FUD be forgotten then we will see a new high in about a week or so.
but if they don't and continue staying out and going more out! then things will be more than ok for bitcoin because a very strong source of FUD will be eliminated from the market and there will no longer be anything as powerful as these FUDs ever again. and you can no longer expect any good dip that you can make proper profit like before when the weak hands gets flushed.

Indeed, I think a lot of people and noobs in particular don't realize how catastrophic a real ban in China would be. As the audit of the Chinese exchanges exposed earlier this year, the massive Chinese trading volume of the past was a sham. So losing Chinese exchanges, especially if only temporary, would be no major loss.

But the question is, how much of the global hash rate to Chinese mining farms account for?  And how easily/quickly can that equipment be relocated and made operational? This could have serious implications for network health and security, if some of the rumors floating around are true and there is a prohibition on mining.

I voted yes, because in the short run I think Bitcoin will need positive news from China to do so.

But I am confident that in the long run Bitcoin will be more main stream and reach higher heights, even without China.

Why do Bitcoin need have China to help it grow more in future? Bitcoin does not need that, Bitcoin is currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from Bitcoin is for everyone, important can you take advantage well these opportunities or not?

Without China bitcoin would be even better, but unfortunately I do not believe that the Chinese will abandon bitcoin. Those who are engaged in this business will move to a different country and everything will be as it was. Only during the panic, they will buy more bitcoins and further increase its influence.

Regarding all the rumours about the mining being banned. Charles Lee has weighed in on twitter:

https://twitter.com/SatoshiLite/status/911067464796053506


I presume his trusted source is his brother.

Actually i'm with you because bitcoin can survive because bitcoin is decentralized and china cannot banned bitcoin easily so i would like to say that you are right because bitcoin can survive. So china cannot banned bitcoin.

Bitcoin trading is not FUD because BTCChina is shutting down. But news regarding bitcoin mining being banned too in China is still mostly FUD and could be potentially just some speculators that are shorting bitcoin wanting to make negative press coverage on bitcoin.

Keep in mind that bitcoin is global. The loss of one country does not mean the end of the world for us. Plus, Chinese bitcoin traders will still operate either through p2p means or relocating to other countries. We aren't actually losing out on much.

Short term though its going to have an impact on bitcoin once the exchanges shut down, maybe down to around $3000 or less. But medium to long term it wouldn't make much of a difference.

I think bitcoin without China still fine, bitcoin still have great future because bitcoin is  international not just depends on China country only.

Without China, maybe bitcoin will experience temporary weakness. and if user has been accustomed back in absence of China in bitcoin, surely btc price will recover. Doesn't rule out China will take proactive action against bitcoin in future.

Without China, it will be more free, we are talking about a force that is constantly repressing and trying to get in on a single line, It would be nice if it was not a threat that would cause manipulation with every continuous action.

It is true that Bitcoin don't need China to reach new heights but the thing my friend is that, it made a great impact to its value, as you can see for the last few weeks the price of Bitcoin  dumped so quickly in mass value just because of losing China. At the current state it is still fine because we know that the price of Bitcoin is incremental but then again it will have a slow progression before it get back to its normal state that is.

This may be very well true at this point of time. China may have no plans of banning mining or cracking down on the network. But that can change very quickly. If the Chinese government decides to crack down on mining or those holding cryptocurrencies, it definitely will affect Bitcoin's price.

although the global community is trying to eliminate China but I think it will still have an impact on bitcoin. although small may be very felt once. china is a big and advanced country today. many new technologies are coming from china. when the technology is juxtaposed with bitcoin then I am sure it will make a very big power. china is a bitcoin supporter, but bitcoin will keep running. bitcoin will be stronger with the presence of china as part of the development of bitcoin.

ive notice that bitcoin is hitting a plateu and wont move up the scales anymore. maybe this is because of china banning btc because china is a large country and mostly business men and inverstors are chinnese but now  ithink were dead because of these crisis. if only they could bring it back and start a new beginning  or they could just legalize it forever,  so that we can still have high hopes for a better tommorow with bitcoins.

I really want to hope that all this excitement around China with bitkoinami complicated manipulation to earn more and buy cheaper. it's very hard to believe that players can reach such a dishonest direction, but nevertheless the whole situation will do good to strengthen Bitcoin in the community. I think that if all users can survive these problems, then this will also have a positive impact on the popularization of Bitcoin. And as already stated that all the functions of China can perform very well I understood. For this, almost everything is ready.

Bitcoin is good to keep with you it does not matte from which country you are, bitcoin can easily survive for long time even if the china will not support bitcoin. The power of the bitcoin is now high enough to move by itself as in my country now many people know bitcoin and they are supporting bitcoin for the huge profit, bitcoin is being use by almost all big countries like America, Japan and UK so bitcoin will remain the number one forever.

Bitcoin can't be monopolized by a country, because bitcoin is universal and can be used in some countries
I also think like you, that bitcoin has power and also has its own market power

With or without china bitcoin will be popular and users will keep on increasing, the proof is last 3 days stable bitcoin price and do not drop again to $ 3500. I'm sure when the price drop is a momentary panic but users are increasingly aware that that bitcoin will continue to skyrocket.

I feel that this threat is serious. I'm just new to bitcoin and now this is what happens. I hope that there's another country that will save us and replace China.

It is really serious but not that big of a threat. China is the only one who holds most of the bitcoin and now that they have sold they are powerless with the bitcoin ecosystem. At the same time they hold most of the hashing power in mining but so long as someone replace their hashing power, we will be fine without them. For sure if they really have gone out of the seen, the mining difficulty of btc would be lessened and new more miners would begin to mine it. The only thing I would miss from them is their manipulation that almost constantly happened in the history of bitcoin.

Guys, there's nothing to worry about, china has lost its market capital and even if there's no hash power come from china the blockchain will just adjust the difficulty to the available hashpower.
china is overrated and see now, they have a little market, not an interesting thing to talk about anymore, have a little to zero affection to the market.

The last numbers I have read are that the volume traded at chinese exchanges has decreased from 90% in 2016 to about 15% that we have at the moment.
That is something we can all life with I think.
Mineres seem to be still placed at about 60% in China, that is much. But the miners were never targeted in China, so I don't think we have to worry there either.
But just from the from the point of view that contains decentralization, I would welcome it if we could distribut the mining power more equally on the globe.

Bitcoin can definitely survive without China. But in short term that is in coming days, if Bitcoin exchange ban happens, then there will be a chaos and price might again fall. But that drop will not last for many days and by October mid the price will be back on track. This is all what China can do to price. Nothing much on big scale will happen for sure.

Bitcoin has started its journey without china, but the chinese will always be following the bitcoin itself, i heard a rumor that the chinese move into other direction to able to trade the bitcoin.
They are all know that the bitcoin was really valuable.

There was an effect for a short time when bitcoin was banned at China but since China is not the only one who uses bitcoin and probably they have a big contribution in the market it doesn't mean that bitcoin will not run without them. To answer this post/question - bitcoin without china will still be the same as before :)

the "effect" or the price going down happened only because people like you are too lazy to check the validity of the news and just believe anything that they read online probably by some brand new account on bitcointalk! ;D

bitcoin was NEVER banned in China!

Whether the news is true or not, but if the statement has come from other countries then we could have never experienced such a fall. As the statement got revealed from China we're in a situation to face all the unexpected price drops. Now this has been overcome little by little. So for long years China surely have control over bitcoin moves.

Who said that bitcoin is banned in china there are several exchanges in china and people are keep using so why people are saying that bitcoin is banned in china. It is kind of fake news those people should worry who are not investing in bitcoin.

don't give up on china  ;D bitcoin will never be the same without them. they will be back soon although btc can eventually make it to its new ATH, the faster it could go there when china is around. my fellow chinese investors are ready to dive back when regulations are ironed well.

I don't see us removing China out of the picture at least not any where now that we are but its something that is possible the only thing is that it will be delayed but with consistency and expansion into other countries and multinationals taking interest in bitcoin, the people outside are still very much more than those currently involved in bitcoin.

Bitcoin never affect by a country bans it, if they bans it in someday, really the price of Bitcoin will have some changes. But it not keep in long time, only panic time and rumor make the price of it falls down. Even, in that time you can spend a little of money to buy extra Bitcoin ;)

Big Yesss...
i think probably you noticed that finally  Bitcoin is start to increasing by kicked out all stomes and now it's price is around 4100$ without and i my analysis tells me that bitcoin is not gonna down now. but if china start to use bitcoin now, then possibly bitcoin will hit 7000$ within 4-5 days and bitcoin price will all time high became of china having major population....

Price is back up looks like bitcoin is doing fine without china 8) 8)

gonna be rich boys gonna be rich

No BTC is not without China. Seems they only want to regulate investments in trading and investing in cryptocurrencies. Or is anyone in China not allowed anymore to buy or hold Bitcoin?

no doubt that china is one of the most important promoter of bitcoin, but i do not think that if China will stop using bitcoin it will effect bitcoin. in fact bitcoin is a decentralize currency and is now present in all over the world. users of bitcoin pare present throughout the world, therefore i do not think that a single country is will effect bitcoin so much. as we can use that japan has legalize bitcoin and hope that very soon so many other countries will also accept bitcoin as legal currency.

As far as I know Bitcoin needs China to reach new all time highs in a short period because it has a ready market to grow the crypto economy but in the long run new markets will be open which will help push the price to the moon, but when china becomes a hub of panic I think its best to cut relations with it as it might drag bitcoin down...but with its mining power and strong community it still has great influence in this ecosystem

China is an important part of bitcoin development. But without china maybe bitcoin can be much more stable, now china condition is not good because final decision has not been determined. I guess if bitcoin without china then it will be able to make bitcoin more stable. We'd better start it from scratch, without china bitcoin it would be a bit stunted but we'll get a stable bitcoin price.

China has a lot of effort in crypto currencies. This ban will cause less demand compared to old days.But i am sure China will be main figure of cryptocurrencyn world in future.

Yeah I believe so. The last few weeks are tough for bitcoin because of the fuds that China burn but we also see how bitcoin hovers without them. It keeps fighting and still dominate the crypto world. Yes the damage made by China is quite alarming but look at bitcoin now, it's still increasing and maybe soon or maybe before the year end it'll touch it's new ATH.

They really made a diiference and help bitcoin to skyrocket. I'm really disappointed about the actions that they  are going to make. China should rethink about it because business-minded people like them really helps in promoting. If not, let's just hope for the better.

I think this banning is just temporary, they must have a reason why, knowing that many altcoins have profited in this country because of its investors and all.  I'm sure this is just part of the plan 'cause I've heard that there are too many scammers in this country so they wanted to clean it just as fine before they will make all the cryptos to be available again and maybe even more, they will accept it full pledged.

China played a significant role in the rise of bitcoin. Without their aide I think it would take some time to reach a new all time high. I strongly believe China will lift the ICO ban as soon as the paper works are finalized. If bitcoin do become legalized in China and if they do happen to accept it is a real and legal currency then it is safe to assume that we will reach a new all time high in less than 6 months.

The fact is, you do not need to put a fat point, Because if the political situation in the country changes, then China will again return to work with the crypto currency. Reality It seems to me that there are pitfalls about which no one says anything, Because Bitcoin still brings money, and China will not miss the opportunities that gives the crypto currency.

China was a major contributor to crypto currency and now that China no longer plays a role for sometime at least, the markets will be just be fluctuating between 3800-4200$ ,will love to see China get back with or without regulations because the transactions speed up mainly because of China and Chinese investors play a major role in bitcoin and altcoin trading and the prices also increase, will probably have to wait for China or wait for someother country to do the same what China had been doing this long.

We got Japan - and Japan is bae.

It will be different with or without China as they have big trading volume and huge hash power, no more exchanges in China mean; bitcoin lose a part of it but can survive and recover to $4200. But without miners in China, it is a great lose due to they have the biggest hash power.
However, it seems the market doing so well till now and China doesn't ban mining pools and there are two biggest exchanges in China that still operate.
If this month bitcoin price could recover to $5000, it's not because Chinese people are not involved, unless in November when they shut down all the exchanges completely.

We would probably lose a big value if China is not going to accept bitcoin anymore because there are alots of volume that are coming from the Country and there are big businesses that are using it.

Well this is false news if they are not accepting bitcoin then it can be just like a war but who cares bitcoin is decentralized anyone can use it is like a vpn try to use vpn and unlock block sites so Chinese will use different ways to use bitcoin.

Although the 2 countries are close by, they are vastly different in terms of population and mentality. The Chinese are the most populous country on this planet. Plus they tend to gamble a lot.

Well yeah chinese are finding ways where they can use their bitcoin unanimously like buying through online shops.
Yes China is a big contributor in crypto world but they choose to be independent, and the fuds really affect the price but that's over now and we should move on and get a life. Bitcoin price is hovering now so less worries. This will  be tough to the community at first but we still have many countries who have a full support to this. Soon China will regret in what they did and that's for sure.

Don't worry and fear, people outside china are larger and dominant, besides I'm sure even though the Chinese Government banned bitcoin but users will continue to use the bitcoin although they must switch state. and I'm sure the price will continue to rise despite the Government's official china today banned exchangers.

They're already closed, and there seems to be not a whole lot of negative price movement occuring as a result of the closures. Let's face it, yes Chinese exchanges have a great deal of influence over the markets but volume before they closed down has been dropping rapidly anyways.

People realise now that Chinese whales aren't just going to disappear but rather just switch to a new form of trading, p2p.

Price has actually gone up today to nearly $4300.

Yes, with bitcoin fear always gets accompanied. Maybe China has a dominance over the digital currency market, because of the increased user base as well the growing acceptance of bitcoin similar to the conventional currency.

It is the other way around "China needs bitcoin" or I say "Bitcoin is better without China".. Bitcoin doesn't need any support from government to survive,, it is developed to be decentralized  and out of any government contol and policy.. If they want to regulate bitcoin in the first place they should have announced it and not downplay for being rumors.. They've planned for bitcoin price down but those days won't last.. Bitcoin recovers.. Again..

It's really not that simple, since having exchanges around is always a good thing as more people are able to access bitcoin easily. With a bitcoin-friendly government it is probably a lot easier to spread the idea of bitcoin than with a bitcoin hostile government. This goes without saying ofc.

However as you said, bitcoin can indeed survive without China.

People will still trade in China, and still buy bitcoins. Tehy'll just do it another way. It's not like China is gone forever.

I don't know how they're government react when one of they're citizens will not follow them because I'm not aware of how they implement such policy.. But if it is forbidden to do so,, I will stop and never do that and wait for the change of heart of my government officials.. China might not be gone forever but I will not change my idea of a much better bitcoin community without them..

They stopped operating now and it's look like the price is still pumping after their shutdown.


Not really bitcoin without China as far as I know mining operations there are still ongoing and there are Chinese that still has bitcoin on their stash and still pursuing trades.

They are a big help but no one knows, I guess yes.

China not is a strong country can control the price of Bitcoin in this year, if the Chinese government really want to give up Bitcoin, United States or Russia or Japan will replace China earn profit from this field. But China not stupid to give up Bitcoin, after all only the FUD created by them.

yes that can also be the truth, but i think that even if China give up gambling still bitcoin will not lose its image and will surely continue as number one online currency, because bitcoin is a universal an decentralize currency and therefore it is not depending on a single country, therefore we can expect that China banning banning bitcoin will not effect bitcoin so much. it will surely effect bitcoin temporarily and hopefully bitcoin will very soon cover its position.

Yes  it is other way to around China needs bitcoin or I say "Bitcoin is better without China".. Bitcoin doesn't need any support from government to survive to the bitcoin doesn't need any support from government to survive,, it is developed to be decentralized  and out of any government contol and policy so the bitcoin without China is it not possible .

We should stop thinking that if China is gone then btc will worsen or might be dead sooner. I don't remember that China started the cryptocurrency so let's  just move on and continue.

Even without them, the price is rising and getting back to normal. That simply means nothing change and we would have the same future as before. It's just the time on reaching it have change, it has been adjusted because we loss a big player. We could have achieved it earlier but it's fine.

I think title must be "China without Bitcoin" this is more logical :)
and the answer is there is no China without bitcoin. They will continue to use bitcoin as a global payment method.

Yeah, the price of Bitcoin has recoverd to $4,400 today, it proves Bitcoin still strongly while the Chinese government give up and bans exchange cryptocurrency and ICO. After dump price on the market of Bitcoin in past week, we know all things are only the FUDs of rich man and the government.

Though bitcoin is independent but chinese market has great importance so banning of bitcoin in china would have influence on the price of bitcoin. But for a short period of time!!

bitcoin users not only in china alone, worldwide users very much. so without chinese bitcoin can still walk, even though China has banned transactions in the country, but from all over the world its users still exist, not depend on china.

I think all bitcoin users can already see that, indeed when the government makes a statement that they will close all the bitcoin exchangers in china but in just a few days prices can recover, it shows that bitcoin is still a promising investment despite having lost one big investor .

it could have been more than $5k by now if china are still with us.  bitcoin was like in the fast lane when they are around. if all of its neighboring countries declares the same thing, some of us that were from forex might just be going back there again. korea already is banning ICOs.

But that's the thing about crypto volatility. It reacts on every move.

My experience: when there are facts involved, exchange rate drops very fast, but climbs fast again.
When there are rumours involved (like in this case: partial facts, but also many rumours) rate drops for longer period of time before climbing up again.

What happen to the new that  china will ban bitcoin exchanges ? It will happen or not? Because as of now the price of bitcoin is very high and its already 4300 dollars and I hope it will increase more. But I hope china use again bitcoin so the price will increase . But I dont know if china offcial ban exchanges . But I hope all country in the whole world will use bitcoin so the price will increase more.

Bitcoin is getting back to track and now once again Bitcoin is $4000+, it clearly shows that Bitcoin can survive and grow without China. China indeed is a big market and ban on ICO created a state of panic among people, due to which Bitcoin saw a dip in price which further was seen as an opportunity for young buyers to invest in Bitcoin. But all these recent activities, clearly shows that all such news and rumors have temporary effect on Bitcoin and in the later stages it get back on track.

China affects BTC a lot!

All giant mining farms are located in China and if all of a sudden all of them would stop at same moment it will affect BTC and transactions

I agree to that mate.. Even japan alone can handle those investments because they have legalized bitcoin in that country.. China is just making noises to gain some attention.. Like a child play and china doesn’t really mature of how they think... It was not meant to regulate they want to own and be the center of the Blockchain technology and of the bitcoin community that is obviously impossible..

Right mate! What's with China? Why does it suddenly become the issue with bitcoin. For all we know bitcoin can continue even without China. China may be successful with their cheaper goods but the trading is not just to them. They have many low quality products and so if they exist how good they are at investments in bitcoin,that's another venture to see because China has made a big trouble in every country so let's be ready that even without China we can still continue living.

I like this idea china has been playing around with bitcoin they act that they love bitcoin and are happy they are the world power but in end they start banning stuffs and start introducing new and different rules to bitcoin

It's chinese people who seem to really like or loving bitcoin, they are happy because they can make so many profits out of the bitcoin existence and their government? I think not.
the government are trying to prevent bitcoin disrupting their economic and by that they release the regulation.

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Bitcoin economy is now cleaner than ever without china.
In fact, bitcoin is far better without china. who needs china anyway? :D

bitcoin without China maybe fork :-X

Bitcoin growth is not dependent on a specific country, bitcoin has become a global currency now without any centralized authority. Bitcoin will reach the new heights and will set new benchmarks in future too even without China. BTW soon china will remove its ban on Bitcoin when they will realize their mistake.

You have mistaken, as per my know, the Chinese government did not ban Bitcoin, they only banned the ICO market and the cryptocurrency exchange. I do not think the Chinese government will remove their ban on these field because almost the cryptocurrency exchanges and ICO projects transfered to other countries on the world, example HongKong.

Although some rumors said that btc will fall down but i don't think so. Owing to cChina banned bitcoin and After fall down 3000$ ,  bitcoin is start to growing up and now the price of bitcoin is around 4322$ and i think bitcoin will hit 5000$ or more at the end of this October without china. Now China maybe realise that Bitcoin don't care about anyone. Besides it is good time to buy bitcoin and makes profit from bitcoin.

Whether they remove the ban over the ICO or not is not gonna be a big concern to the digital currency market. All that required is the active participation of the people into bitcoin related activities. For conversation we can say that, even without China bitcoin could have flourished big, but that's not the real fact. If China haven't initiated adoption and if it haven't encouraged digital currency we could have never reached this place this earlier. So China's contributions were required throughout.

They cannot really introduce any rule perse as bitcoin cannot be controlled and it seems it has proven itself as such after the whole Chinese FUD. You cannot blame china though as all they are trying to do is not to admit anything that will go against their monetary policy or affect their economy in a way and they are trying to be careful not to fully do that and at the same time not to declare that they hate bitcoin. As time goes on, they will just have to stick with one.

Yes its true nothing happen to bitcoin without china when china banned bitcoin in his country so for few days bitcoin was disturbed but then bitcoin come back in his own position but after china banned many of develop countries have accepted bitcoin in their countries and now bitcoin is much more powerful and stronger than ever.

Well, I guess the market has given us a resounding answer in the last day: China is no longer critical to making new highs.  Japan and South Korea seem to have filled in the space left by China, and the increased positive chatter from large financial institutions (e.g., Goldman Sachs) may well be drawing in new investors.  Additionally, just because China has shut down their exchanges, that doesn't mean that Chinese investors have sold all of their bitcoins.  They could still be holding, hoping that BTC -> Yuan trading will resume at some point.

We no more need china or russia for progress of bitcoin.Bitcoin would survive without china.Only chinese investors have to suffer as they would not be able to dominate bitcoin market here after.Bitcoin price has almost reached $5,661 today despite china's actions against bitcoin.

But regarding mining,definitely we would have to suffer due to late confirmation of transactions as majority of mining farms are located in china.It would take a little bit time for mining farms to be set in other parts of the world.

But,it would definitely be helpful for bringing once again decentralization in bitcoin.

A FUD can not keep in a long time, you need to know the FUD only helps the people created this FUD have benefit, of course I can say the Chinese government or Dimon - CEO JP.Morgan are who have benefit after that FUD.

I think China only plays a role to disrupt some bitcoin market in the world. they seem to have a plan for a particular purpose. I see it like that china wants to earn a profit. although this is all unproven but I feel that there is something odd and certainly most people feel that way. china that has the largest number of bitcoin users can indeed affect the bitcoin price easily.

Large scale traders as well large volume holders can easily create FUD and circulate among the entire user network. In less time. This creates a panic situation among the users who have few or less number of bitcoin in hands. Making this as an opportunity those large volume holders benefit buying low from the small holders. Here nothing to correlate China, which is a legendary participant paving path for digital growth.

Bitcoin is a global currency, it doesn't need any particular country. And it is clear that with current adoption rates btc can grow without China. It will be much faster with them but they are expendables.

According to zerohedge, part of the reason for the bitcoin rally last night to $5900 was a rumour that would reinstate the exchanges!

http://www.zerohedge.com/news/2017-10-12/bitcoin-explodes-5600-30-end-chinas-golden-week-holiday

It's nonsense of course. No big country bans and unbans stuff on a monthly basis. I think this was just a rumour put out there to persuade the guillible to buy at the top (and to allow some whales to sell at the top).

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

 As Bitcoin is a decentralized online transaction system which means that government has no control over it. It is true that when China banned ICO's and exchanges,there was a huge drop in the price of Bitcoin but a recovery was seen very soon. People believes in it's potential which is increasing it's demand and this increase in the demand is taking Bitcoin to new highs . After that China incident the price was fallen to apporximately 3000$ but now the price has reached it's all time high value i.e. 5800$. So i dont think Bitcoin really need China or any other country to reach new highs.It is the most renowned  digital currency  that only depends upon it's demand among the people.

I agree a country will never control the price of bitcoin but they can control the transaction of bitcoin in their country.  They can either ban or allow the use of Bitcoin.  If ever they banned it then they can prosecute or arrest those who did not follow the rule.  Thus, making bitcoin less popular on that country in terms of usage and transaction.

If it was before, when China was still the largest bitcoin market in the world, I could say that China could have an impact on the value of bitcoin. However, at the present time, Japan is the only country that can do that. With the selfishness of the Chinese government, they missed the big pie bitcoin.

We already passed the stage when China has a huge says in the price, manipulation or otherwise. The last's month saga has ended and we are not enjoying the best without them so its safe to say that we don't need them. They have done their share to promote and spread what bitcoin is today right now. But they have chosen to moved one step back.


They are not selfish, they fell threaten that's why the sudden u-turn with bitcoin and crypto's. They can't control the influx of bitcoin into their economy so their Yuan is affected. Japan made leaps and bounds upon taking over from China. What China did in a year, Japan did it in a matter of months. Exchanges opening here and there, huge amounts of trading volumes per 24 hours, opening bitcoin mining hardware. This is some of the stuff that Japan has did to bitcoin in short amount of time.

The fact is that bitcoin has become quite popular today and even thanks to the media, a lot of information reaches the common man. The fact that the crypto currency starts to trade not only professionals but also beginners is no secret. I think that this trend will continue And the demand for Bitcoin will rise every day. And this, in turn, will greatly affect its price.

Though China has the most number of ICOs and investors due to its sheer volume of population, I still believe that one country alone cannot decide the fate of bitcoin especially when considering the number of countries that are beginning to accept it as an alternative way of payment. Looking at Japan, their government is starting to accept ICOs in their country and at the same time supporting bitcoin transactions by providing services that accept it as payment. The number of countries that accept bitcoin as a payment dictate its volatility in price and reputation. Soon, more retailers will accept it as a mode of payment.

Chinese are known manipulators, and they are not doing all this for the first time. I'm here for more then 3 years, and I remember from my first days here about threads how they doing that. Not just pumping, they also hold back the price, you can find many old thread about that. They did it again now, they made all this to drop price down and buy more. As I read now there will be no banning and closing exchangers, all this was just manipulation by Chinese.
I agree with you people, bitcoin doesn't depends from one country, even if it big as China, but all this was one big joke and I doubt that Chinese will stop using bitcoins, that can't happen.

I think no. Base on my short research (Because I'm too lazy and don't have time  :D) most Bitcoins are distributed nowadays in different countries. What is see now is that Japan will be the next king in a few years.

Japan would dominate the Asian markets. But I don't think they take over the world. Now there are all prerequisites to the fact that the European markets will be under the control of Switzerland. They have long lost confidence in its banking system and will not miss the opportunity to restore its position due to the cryptocurrency.

Without China, bitcoin actually jumped higher. Or maybe because no one has started panic selling. In essence, without China bitcoin will more exist because the world's population more than users in China.

Bitcoin does not fully need China to reach new ATHs but in order to reach the highest possible price than yes it needs China, they are such a huge market place that the increased demand from China is huge.

Crypto manipulation is also carried out by the government, they raise the issue that ultimately benefits them, in fact if making bitcoin continues to increase will not be detrimental, but if moving the bulk of trading volume by all means there will be greater fraud, now they only prohibit ICO, and proved not to affect the bitcoin fundamentally.

well, the current price increase makes a lot of people buy bitcoin, and sell it. china has had such a bad impact on bitcoin prices, but for now, it's no longer important. because the bitcoin has returned to normal

No, we don't need China to reach new highs. Bitcoin is use all over the world and only a small market share is left in China so China can ban bitcoin and create their own currency as reference to their recent announcement of making their own version of cryptocurrency and the world will just continue to use bitcoin without them. Though it did have a blow in bitcoin this past month but we can see now that bitcoin again reach new all time high and it will continue without them. The big companies continue to grow like google and facebook without them and so is bitcoin and other cryptocurrencies.

China has always have plans and they are really finding a way to stay on top of their game and hence, manipulating the market in a way.

They know what they are doing and the trend will still always repeat itself. It happened last year, few years ago and subsequent years is no exception. However, as day goes by, they keep realizing that it is becoming more impossible to do their tricks.

Yes its true noting happen to bitcoin when china banned bitcoin in his country I think bitcoin become more powerful and stronger than ever because instead of china other countries have accepted bitcoin which is a good thing for bitcoin and some other countries are going to accept bitcoin so bitcoin is now stable currency in market with high price.

That might be true, even after some banning statements came out of China, it didn't affect the bitcoin community in terms of price as well growth. China lead to a bigger growth during the early days without which we could have never reached this level. During those days China is the one that helped in mining as well used bitcoin in large scale. So the contributions of China is big and the same will continue forever.

Exactly, there are whales and they are in the market. FUDs are ways they can easily manipulate the market and make do with huge gains. This is what everyone should know by now and for long term holders not to bother much about when they see those signals

As you are saying about that china banned bitcoin actually they didn't ban bitcoin because bitcoin is decentralized everyone is freely to use bitcoin because this is the best quality of bitcoin still there are a lot of numbers of bitcoin investor in china. There are still many exchanges which is using and many people are exchanger to exchange bitcoin so we should not say that they have banned bitcoin because no one can ban bitcoin.

The fact is that all the information that exists to date and is brought to all users is a little incorrect. I think that many users both worked with Bitcoin, and will continue to work despite the statement of the Chinese government. But that's about implementation. Maybe there can be no question.

I'm really worried by any information about the legalization of the crypto currency. The fact is that government agencies as well as the government will be directed to not harm themselves but about users. They will think only as a last resort. If the government still influences not only the pricing of Bitcoin, it practically negates all the advantages of crypto currency.

"No one can ban Bitcoin", yeah it is truth, but the fact, the government have power to ban Bitcoin in anywhere. Important, do the Bitcoin user accept that ban? Nobody and the Bitcoin user will continue to using Bitcoin anonymous.

Nope. Bitcoin without China will still be Bitcoin. It can shaken a bit but definitely not falter. China is just a fraction to the whole bitcoin holders and users. So if they are dumping their bitcoims, someone's gonna pumping it. Bitcoin is unstoppable.

It seems to me that the situation with China is not so simple and complicated, The fact is that the Chinese government will not be able to resist the possibilities of the crypto currency and how it is possible to earn in this sphere. Perhaps they still want to make a clear control over all financial operations in the field of crypto currency.

As of now, we dont need china anymore. Because the last time  I check the price of bitcoin its already reach 6000k. And that is happen without the help of china. Maybe cause there still a lot of investors who encourage to invest in the cryptocurrency. Especially people who came from Japan. That really help biycoin to gain its price again from fall down last weeknof september.

But in future we can expect that they will allow their people and  start using bitcoin, they will even turn bitcoin as legal currency. In fact bitcoin is the need of the day and hope that in future we can expect that bitcoin will be the currency to be use for everything he want. I think now it will not take so much time but hope that very soon the facilities  of bitcoin will be available. everywhere.

from my own point of view i believe that there is country that can really stop the growth of bitcoin. bitcoin is talking over

As we can see bitcoin price increase too without china so basically we don't need china to support the bitcoin why because their still big countries who uses bitcoin but yes china has a big part of bitcoin and been there for bitcoin since then and now they blocked it for some reason, Its more high price when china open again its country to accept bitcoin because lots of users are in there too.

China is just a part of the cryptocurrency market and they are not representing the whole.  China wasn't there when bitcoin started but btc still made it here and still continuing to rise. There are still countries that will accept and embrace btc that can replace China in the crypto world.

Bitcoin is the worldwide cryptocurrency, why they need CHina. Just a piece of shit/  >:( >:(

We need China definitely since most of the miners and ICOs came from that country, which significantly contributed to the increase of bitcoin's price throughout the year. Due to the ICO banning, the price of bitcoins dropped significantly and affected most of the market and investors. They are know skeptical whether to invest or not especially when considering the lack of security. Bitcoin without the support of Chinese miners and investors are seriously damaging to the price but fortunately, Japan has announced that they will begin to accept bitcoin as an alternative payment. This at least mitigated the damage for now.

I think the bitcoin without the Chinese country which is the largest bitcoin user in the world will certainly have an impact on the bitcoin price if the country stops using bitcoin. but in other countries also have started many who use bitcoin as a means of transactions, including in developing countries such as Indonesia. so I think the bitcoin without china will affect the bitcoin price but the bitcoin price will rise again considering the already growing bitcoin users around the world.

Seems you too despise the Chinese market. Global that you mentioned, including China and China accounted 1 large area in which. Bitcoin fell sharply because China wants to ban bitcoin exchanger. Luckily when Bitcoin overcame. and now China is no longer a threat of us

I agree to this. The sudden drop of bitcoin price for the past few months was just the result of the massive shutdown of bitcoin users in China. That is inevitable and I see nothing strange about it. Ofcourse, the ICO banning negatively affected the market but as of the moment, bitcoin is recovering, as well as other cryptocurrencies like ETH and LTC. In fact, BTC was able to hit 5000+ USD this month right? And is predicted to hit around 6000-7000 USD. We can say that bitcoin is now running smooth, which is why I don't think we need China to reach a predetermined value of bitcoin. That could be acquired in due time, especially now that BTC is becoming even more popular than before and Japan have recognized it already.

right I admit that china has a big support when it comes to bitcoin mining since the electricity is cheap there and also I admit that bitcoin price hits above $6000 because of some chinese imvestors , placing china out of bitcoin may cause a lot of panic and proce drop but I think bitcoin will still manage to survive  since bitcoin was already popular not just in china but in the whole world.

After China's ban bitcoin ; we only known bitcoin rise !!! I'm sure China affecting the prices of bitcoin . China is the reason for dump btc  every time .

yup it's already months since I've read about china banning bitcoin but look what happened we've just reach a new all time high ! At first I doubt bitcoin survival since it was being eliminated by china but as I see it's value today I proved that all my doubts was wrong ! Bitcoin can survive without china ! I am grateful that I did not sell my coins during that day never imagine that It will reach a $6000+ value today !

i dont totally agree with you,  we need china because china has a large country and mostly of them are business men or business minded thats why most bitcoin holders are from china and i believe bitcoin can still pump much if china will accept bitcoin  again although bitcoin is still strong and still going high without the help of others.

True, with the highest number of residents, and the modernity technology owned by China. Although btc is currently experiencing a good rise, but with China's incorporation into bitcoin will make its value even higher than now.