Bitcoin Forum

Currently BTC is on a downhill slope with the recent news of China's new regulation on banning third party payments on all exchange platforms. Without the co-operation of China's policies towards BTC it has exacerbated the value of BTC. Why has it hindered the value of BTC so much? When there has been some goods news of BTC in India, Korea, Denmark and BTC start up companies. It looks grim for BTC without China in the picture and you might say we don't need China other countries will acknowledge it and there will be mass adoption but look at the value of BTC now without China in the picture. China obviously is a big player and I can't see BTC hitting a new milestone or even hitting the peak of $1,300 BTC but I hope I am wrong. What do you think?

Cheers.

Simple...almost everything relies on china... they are 1/6 of the whole world population.

just have a look~~thanks

Sure, but bitcoin managed to survive without China, so it won't be so bad I think.

I think it will settle around $700

Your use of past tense is misguided. The game is still on.

China won't be leaving. It's kinda stuck to the Earth.

Around $500 early next year I guess

My co-workers buddy who holds what used to be tens of millions of dollars worth of bitcoins believes it will drop to around the $200 range. This guy is normally the golden boy of investing and making money. He was a millionaire before bitcoin also. I am taking a wait and see approach and will buy in if it even drops to $300.

It should stabilize at the 400+ish USD range imo for now.
Bitcoin doesnt rely entirely on China.

a better question would be what if btc-e suddenly disappears with all its shady background and very high volume trades

it's ture,
and china is stoping BTC/RMB exchange, maybe BTC/USD still allow for now.
market shifting from BTCRMB to BTCUSD.

Not sure why it wouldn't hit $1000 again soon.
The chinese will just find alternative means of gaining their bitcoins.
Bitcoin is not dead.

+1
China will find an alternative real too fast. Atleast 10 to 20% of the chinese will still be holding bitcoin in someway ot the other.

Until a few months ago we didn't even know there were Chinese using bitcoin. My guess is that as bitcoin continues to spread out, China will want back in. This thing is way bigger than countries.

The fast rising price of BTC was giving off tons of "bubble" signals last few weeks. My buddy and I were making bets as to when it'll pop and what the final price will be. We both lost on "when" as we expected it days ago, his final price is $400, mine is closer to $300. I think once it settles, it'll probably be flat for a while.

That sounds right to me also. My cowardly guess was a crash down to a number between $700 and $250. I hope the crash keeps going for another two days. I should be funded by then.

I think a better question is "What altcoins will China start mining to get their bitcoins"

Maybe a series of chinese coins is in order?

Anhui (安徽) — Hefei (合肥)
Fujian (福建) — Fuzhou (福州)
Gansu (甘肃) — Lanzhou (兰州)
Guangdong (广东) — Guangzhou (广州)
Guizhou (贵州) — Guiyang (贵阳)
Hainan (海南) — Haikou (海口)
Hebei (河北) — Shijiazhuang (石家庄)
Heilongjiang (黑龙江) — Harbin (哈尔滨)
Henan (河南) — Zhengzhou (郑州)
Hubei (湖北) — Wuhan (武汉)
Hunan (湖南) — Changsha (长沙)
Jiangsu (江苏) — Nanjing (南京)
Jiangxi (江西) — Nanchang (南昌)
Jilin (吉林) — Changchun (长春)
Liaoning (辽宁) — Shenyang (沈阳)
Qinghai (青海) — Xining (西宁)
Shaanxi (陕西) — Xi'an (西安)
Shandong (山东) — Jinan (济南)
Shanxi (山西) — Taiyuan (太原)
Sichuan (四川) — Chengdu (成都)
Yunnan (云南) — Kunming (昆明)
Zhejiang (浙江) — Hangzhou (杭州)

Guangxi Zhuang (广西壮族) — Nanning (南宁)
Inner Mongolia (内蒙古) — Hohhot (呼和浩特)
Ningxia Hui (宁夏回族) — Yinchuan (银川)
Xinjiang Uighur (新疆维吾尔族) — Urumqi (乌鲁木齐)
Tibet (西藏) — Lhasa (拉萨)

Hong Kong (香港)
Macau (澳门)

Beijing Municipality (北京)
Chongqing Municipality (重庆)
Shanghai Municipality (上海)
Tianjin Municipality (天津)

Now if mining hardware would ever drop back down following BTC, I'd be happy.   :-\