Will Bitcoin Die Because of China?

[vanhalendlrband]

Other countries are just getting started including India and i highly doubt they want to lose anymore ground to India in anything its already a concern of China losing business to India.

I don't think Bitcoin is going anywhere no matter what China does. It amazes me they're ok with ripping off copyrights left right and center oh but that bitcoin tsk tsk for whateve reason probably the fact it empowers the people who invest in it and makes millionaires that will actually stand up to governments and are basically regular people like you and me who hit it big and the governments don't want those kind of free thinkers getting more power in my opinion and thats like when the internet started out and isn't it still heavily restriced in China? China isn't the be all end-all if it does dip again other countries are gonna snap it up and that will be Chinas loss to places like India and japan

[figmentofmyass]

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

the chinese government is not stupid enough to remove themselves from the equation. one chinese official said that the ICO ban is temporary, to allow the government to implement proper regulations: https://twitter.com/sytaylor/status/905867039935430656

given this, and given the audit of the major chinese bitcoin exchanges that already took place earlier this year, i really don't think the government will shut down the exchanges. they just gave them the green light a few months ago (otherwise i don't think huobi, okcoin and btcc would have re-enabled bitcoin withdrawals all at the same time).

[coin-investor]

Like all the other opinions, Bitcoin will continue to grow even without the help or support coming from Chinese government I mean Chinese government not Chinese people who want to continue to support Bitcoin they can not control these people because they know there's a lot of profit to be made in Bitcoin

[xuan87]

A big NO, Bitcoin are not depend on china, we still got a lot of users from other countries, and in Asia alot of people are using bitcoin, so China banning won't make Bitcoin dead, but it will affect the market because alot of investors in China are selling due to the rumor that the government will banned exchanger, the price will fall down but it will rise again

[aldrian09]

It's a big NO! Though China is one of the reason of bitcoin price movement but bitcoin users investors are all around the world we all don't want bitcoin to die so lets all hold on to ours so that bitcoin price will not go down further.

[flag39]

I don't think Btc will die because of china ban, though I still believe it is a marketing strategy. BTC will only die if its usage value goes to zero and I don't see that happening, contrary more people are getting introduced every day.

[aizen10]

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?

not just china are the big contributor for the rise and adoption of bitcoin, there are so many country has a big contribute for the success of bitcoin, like US, US is a big contributor to bitcoin and legalized by using it on their country and including other country who continuing supporting bitcoin so its a BIG NO that the bitcoin will die because of china.

[Barbut]

I don't think Btc will die because of china ban, though I still believe it is a marketing strategy. BTC will only die if its usage value goes to zero and I don't see that happening, contrary more people are getting introduced every day.

It would be silly to think that bitcoin depends just from one country decision. You are talking about marketing strategy and that made me think about it, news and marketing strategies have more influence on people decisions more before. Its hard to make difference between real and fake news this days, so everything needs to be checked from several sources, and then discussed with people on forums. With so many conspiracy
theories around sometimes its hard to know truth, in many cases truth stays hidden.
Bitcoin will not die anytime soon, and value can go on zero just if miners and everyone who use bitcoin just stop to use it, by why would anyone do that and lose money and source of income.

[Wesimon]

China is just a part of those who used bitcoin. There's no way it will make bitcoin die out. Bitcoin may be ban in that country but there are far lot more  people and countries who adapt bitcoin. We cannot base the changes in bitcoin in small even such that.

[spain cool]

although the Chinese state prohibits the procurement of ico, but in other countries are still free to do ico. so it will be very small effect. bitcoin is not going to die because of this.

[nightxglow]

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?

Of course no, we've seen the price earlier in this year when china froze the withdrawal in some exchange. There's panic at first but after a few weeks the price become normal and it happen again right now(only rumor though). Crypto will keep growing even without china.

[Kumarodus]

Bitcoin is a global commodity. No one country's action can kill it

[jvdp]

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?

Of course no, we've seen the price earlier in this year when china froze the withdrawal in some exchange. There's panic at first but after a few weeks the price become normal and it happen again right now(only rumor though). Crypto will keep growing even without china.

Ya true. The price of bitcoin is fluctuates in two to three days. It may Due to some factors but not China. Not a single state/Country usage  can not change the bitcoin rate at any situation. The price of bitcoin is fluctuates but will not goes lower then a 4000$.After reached that value, the bitcoin price will not goes less than that.

[CryptoBeefy]

Whist China is a massive player in Bitcoin and Cryptocurrency, you cant underestimate just how much is around the world and huge western investors. It will take a notable hit but it would recover in time.

[Lucius]

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?

It would be really funny that BTC is depends only on China and we all know that is not true,but they have big influence on mining&trading.Their decisions greatly affect BTC price as we can see in the past few days.I think they decided to introduce greater control on exchanges and ICO in attempt to stop their citizens to exchange domestic currency in any form of cryptocurrency.

Maybe it would be best that in some way they succeed in their plans and make things how they want to be, so in future we stop to see such things coming from China.

I think even without China BTC have future,such events can only slow down progress but can not stop BTC - too much money&interest is in this game and the game will continue with or without China.

[TheCoinFinder]

If china bans bitcoin legally,the amateures of bitcoin will never retrocede using it.
Of course citizens of china can't spend it in their locality after the ban but still they can buy and trade anonymously as indians do.
They are also free to convert bitcoins with cash through online exchangers and can easily receive cash in bank

[Chyton]

Of course Bitcoin won't die because of China even though china account big percentage of mining power because of its cheap electricity. By trading volume, Japan is the biggest in cryptocurrency so I think China ICO ban and uncertainty about cryptocurrency is just going to lower price, it's not going to kill Bitcoin in any way.

[roastedparsnip]

When it comes to economics, China think very differently to the Western govts. They understand that debt-based paper money has no real value in the long run so they are making many moves to control real assets such as Gold, Silver, Oil, fresh water, rare earth metals etc.

They know that cryptos and blockchain technology in general are going to play a big role in the future global economy so they won't kill off bitcoin.

The confusion surrounding their position on cryptos is most likely deliberate and may even be an attempt to drop the price so they can buy the dip (that could be the state itself or powerful individuals within the communist party).

[Macai]

I agree to you big NO . even china bans btc theres so many way chinese people invest in btc we all know chinese if there is a big opportunity they always there they find a way to connect in btc.

I also agree with you sir. I believe that Bitcoin will never be dead even China bans bitcoin. As you can said Chinese investors will going to make a way to still connect with bitcoin.

[NRF]

I agree to you big NO . even china bans btc theres so many way chinese people invest in btc we all know chinese if there is a big opportunity they always there they find a way to connect in btc.

I also agree with you sir. I believe that Bitcoin will never be dead even China bans bitcoin. As you can said Chinese investors will going to make a way to still connect with bitcoin.

but bitcoin will dont have this price anymore. many China people want move their money to other country. So bitcoin is the best for them. But if China ban bitcoin. That is terrible