teaparty
Newbie
 Offline
Activity: 19
Merit: 0
|
 |
November 21, 2017, 10:06:36 PM |
|
I don't think Bitcoin will die for it solves the problems that banks cannot solve.
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
conceivedspoon2
Member
Offline
Activity: 378
Merit: 10
|
|
November 21, 2017, 10:19:30 PM |
|
China wasnt there when bitcoin came to limelight. Though China controls part of the world economy but the acceptability of bitcoin around the world is really massive. So, if there's need for more market in China there the means of exchange must be bitcoin. The world accepts China, only China can't reject its the operation around the world
|
|
|
|
|
|
boyptc
|
|
November 21, 2017, 10:21:55 PM |
|
I don't think Bitcoin will die for it solves the problems that banks cannot solve.
Even without them we are good as stable now. Look at the market today, it's very healthy to see the price of bitcoin even without them. We can endure even without China but they are helpful to the market if they'll back in bitcoin. |
|
|
|
|
Twinscoin2017
|
|
November 21, 2017, 10:29:35 PM |
|
I don't think Bitcoin will die for it solves the problems that banks cannot solve.
Even without them we are good as stable now. Look at the market today, it's very healthy to see the price of bitcoin even without them. We can endure even without China but they are helpful to the market if they'll back in bitcoin. I think the whole cryptofield is not really depend on china so then bitcoin without china can really survive something like theres another or maybe lots of country that really appreciate bitcoin as thier asset of gaining .i believe people will really didnt even apriciate simple things for now but the simple thing can become bigger asset someday. |
|
|
|
|
sathvik112
Member
Offline
Activity: 294
Merit: 10
|
|
November 21, 2017, 11:00:28 PM |
|
Bitcoin will never die because of china, even if china BAN bitcoin and all the exchanges of china also bitcoin still exists, reason behind is bitcoin is world wide and because of one country, China BAN on bitcoin also its price may fall down temporarily but there are more investors world wide so many trades on purchase will take place and bitcoin price will be back again. Bitcoin price dip is temporary for a while but it surely increases. Bitcoin will never die because of china or by its actions and rules.
|
|
|
|
|
haiyou
Newbie
Offline
Activity: 28
Merit: 0
|
|
November 22, 2017, 03:05:54 AM |
|
I think the current bitcoin price is the best answer to this question, external factors may affect the short-term trend, but in the long term is irresistible
|
|
|
|
|
|
Bakemat
|
|
November 22, 2017, 03:10:13 AM |
|
I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.
Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.
I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.
Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?
Yes we can say the fact that the china has a great populatiom in the bitcoin user but its not the mean the bitcoin will die if china was not allowed or banned the bitcoin and now we see the effect of without having a china the bitcoin sis survived and as i know the bitcoin price is still continue to rising up |
|
|
|
|
pyce
Member
Offline
Activity: 266
Merit: 10
|
|
November 22, 2017, 07:55:26 AM |
|
China is a standout amongst the most persuasive nation who built up bitcoin togain prominence and we can't deny the way that it is additionally extraordinary compared to other financial specialist here in bitcoin in which when it rumoredly restricted bitcoin, bitcoin's cost collapsed for right around 10% which activated the greater part of the gathering clients here and also the speculators since it is a colossal misfortune and benefit isn't wasy to acquire, really my clasamatws promptly change over their cryptos into our nearby currwncy cause they are worried about the possibility that that they may lose to such an extent.
|
|
|
|
|
ausbit
Legendary
Offline
Activity: 1330
Merit: 1019
|
|
November 22, 2017, 09:46:12 AM |
|
There are still investors that still want to make the bitcoin alive. Even though the china banned bitcoins there are still some countries that make the price grow. Imagine if the china did not ban bitcoin, the price is already $10,000.
No I will not agree because bitcoin don’t care about china because after banned of china bitcoin have been accepted by some more develop countries and some of them make bitcoin legal and still some other countries are trying to accept bitcoin because world realized that bitcoin can help them in their economy and even bitcoin have reduce unemployment in many countries. |
|
|
|
|
cdousley
Member
Offline
Activity: 182
Merit: 10
One Token to Move Anything Anywhere
|
|
November 22, 2017, 10:28:07 AM |
|
I don't figure bitcoin will die if china bans it . Better believe it they are a major supporter of enhance the bitcoin business yet it doesn't imply that its the finish of bitcoin if the china bans it on their area. Perhaps the China is making a few directions or laws on how their kin utilize it on their nation.
|
|
|
|
|
thenameisjay
|
|
November 22, 2017, 10:42:01 AM |
|
I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.
Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.
I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.
Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?
Obviously not because bitcoins today are still thriving even without China. Supplies of bitcoins still are increasing because many other miners are not only based in China even though China has been a great contributor to the supply of bitcoins. However, it'll be a big factor if they comeback. |
|
|
|
Amuwa
Newbie
Offline
Activity: 10
Merit: 0
|
|
November 22, 2017, 10:44:50 AM |
|
Bitcoin in China will last and stand the test of time. China has a stable economy and bitcoin is accepted in trading in China. I believe bitcoin will work in China
|
|
|
|
|
|
Hasbro27
|
|
November 22, 2017, 10:50:50 AM |
|
I think bitcoin will not die because china, bitcoin will die if no one is using and trading bitcoin. bitcoin will remain active even without china and most importantly the bitcoin price will be higher because many people choose to hold bitcoin instead of selling it.
|
|
|
|
|
Buwa
Newbie
Offline
Activity: 31
Merit: 0
|
|
November 22, 2017, 11:04:52 AM |
|
i thought same too but in recent weeks, we have seen bitcoin soar beyond expectations. The ban affected it for a bit but as it is a decentralised digital currency, it beat the odds.
|
|
|
|
|
|
boyptc
|
|
November 22, 2017, 11:21:49 AM |
|
I don't think Bitcoin will die for it solves the problems that banks cannot solve.
Even without them we are good as stable now. Look at the market today, it's very healthy to see the price of bitcoin even without them. We can endure even without China but they are helpful to the market if they'll back in bitcoin. I think the whole cryptofield is not really depend on china so then bitcoin without china can really survive something like theres another or maybe lots of country that really appreciate bitcoin as thier asset of gaining .i believe people will really didnt even apriciate simple things for now but the simple thing can become bigger asset someday. Before China give a very big impact to the whole crypto market but now it's totally different. We have surpass new ATH's even without them and their regulation or whatever is happening on their country did helped bitcoin to reached another high price. But I'm still looking for them as one of the biggest player in the market, they got a lot of crypto people so that can make a swing to the price. |
|
|
|
partysumo
Member
Offline
Activity: 126
Merit: 10
|
|
November 22, 2017, 12:33:38 PM |
|
No, it shouldn't die, however China coming back to bitcoin would mean a lot and would boost the confidence in the currency.
|
|
|
|
cybergamp
Member
Offline
Activity: 182
Merit: 10
|
|
November 22, 2017, 02:06:24 PM |
|
I don't think along these lines, without a nation Bitcoin won't confront any troubles in light of the fact that bitcoin in not relied upon a nation. however, the reality of the matter is that china has an incredible impact with respect to this issue. a considerable measure of Chinese individuals are associated with this stage. on the off chance that any circumstance will come that all Chinese individuals plan to pull back their venture then Bitcoin will confront a sudden stun yet after some days it will be moved to other new financial specialists. so it will be fine following several days.
|
|
|
|
|
|
cryptojac17
|
|
November 22, 2017, 02:33:56 PM |
|
I don't think Bitcoin will die for it solves the problems that banks cannot solve.
Even without them we are good as stable now. Look at the market today, it's very healthy to see the price of bitcoin even without them. We can endure even without China but they are helpful to the market if they'll back in bitcoin. I think the whole cryptofield is not really depend on china so then bitcoin without china can really survive something like theres another or maybe lots of country that really appreciate bitcoin as thier asset of gaining .i believe people will really didnt even apriciate simple things for now but the simple thing can become bigger asset someday. Before China give a very big impact to the whole crypto market but now it's totally different. We have surpass new ATH's even without them and their regulation or whatever is happening on their country did helped bitcoin to reached another high price. But I'm still looking for them as one of the biggest player in the market, they got a lot of crypto people so that can make a swing to the price. Because China has the biggest population yes it is one of the biggest player but if their citizen stay away from bitcoin it would probably have a bigger effect on Bitcoin price, but still not instead Bitcoin price sky rocketing. because BTC is decentralized in nature and as we know it has no boundary,maybe to use as a legal tender, but in another aspect they are not prohibited like trading and mining. |
|
|
|
|
ardhigalau
|
|
November 22, 2017, 02:37:44 PM |
|
I admit that china has a big influence in the development of bitcoin, but china can not just turn off bitcoin. And whoever it will not be able to turn off bitcoin, because the network is very wide.
|
|
|
|
|
|
mozillaspez
|
|
November 22, 2017, 02:41:35 PM |
|
Interesting nature of bitcoin is, not to be relied upon somebody i.e. an identity, nation and group and so forth. Bitcoin has demonstrated by encouraging nature undefeatable ownership over the market regardless of hypothesis in environment. Love-full Chinese connection towards bitcoin has assumed an awesome part being a shield against their administration sword. Nothing will happen something awful with bitcoin on account of China
|
|
|
|
|
|
