Will Bitcoin Die Because of China?

[phr0stbyt3]

It won't die for sure but the price will surely keep falling china doesn't stop the price can drop below 3500$ if you are a trader just be ready for any new news I'm sure china isn't gonna stop they might even ban some selected altcoins and set a permanent ban on exchanges just wait this might be temporary but the price will fall

[ethereumhunter]

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

we know china has the biggest bitcoin mining in the world but this doesn't mean that if china banned bitcoin, the other country will ban bitcoin too. as long as there is another country giving their support for bitcoin, then bitcoin will be stay at the right way and no matter if china banned bitcoin, the citizen which have bitcoin will find a way to used bitcoin.

[LodisMcguire]

Of course not,even if china have contribute big influence to cryptocurrency,as long as internet not die,bitcoin will still live
Not only china is developing crypto,there still russia,canada and others,so don't worry

[infer]

No, China only makes bitcoin stronger and stronger. As you can see, Chinese investors are holding a big amount of bitcoin right now and those restrictions and rules will make some investors sell their bitcoin. Therefore, other countries will have more bitcoin to buy and hold and the China will not longer influnet bitcoin as well as the price of bitcoin strongly.

[Zuilhsa]

I think it is no, even if China shut down its bitcoin exchanges, it won't be the end of bitcoin. May be it undergoes a slight degradation as more miners, investors, traders and good number of users are from China. It is contributing a big part equally more countries are now in adoption doing major roles in bitcoin, so it won't die if one country emerges out from it.

[jostorres]

I dont think so.  China has mining rigs that earn lots of bitcoin, they wouldnt allow bitcoin to die,  they will lose income from it.  We dont really know what their intentions are but I predict they will return to btc sooner or later.

I have the same opinion as you, if China kills bitcoins in any way, directly or indirectly, they will be suffering the most. It has a large number of miners and traders. The economy will be highly affected. In my opinion, China wants to have more control over its ICOs and exchanges.

[ongels]

A big NO for me, Bitcoins must be spontaneous.. Not only China are big fan of bitcoin, how about Europe, North and South America, Oceania, 90% of the country around the world are preferable to used bitcoins, and this makes all the people have the freedom to access anywhere in the globe. It is more powerful than paper money, This will be our future currency someday.

[bitblaster]

I dont think so.  China has mining rigs that earn lots of bitcoin, they wouldnt allow bitcoin to die,  they will lose income from it.  We dont really know what their intentions are but I predict they will return to btc sooner or later.

I have the same opinion as you, if China kills bitcoins in any way, directly or indirectly, they will be suffering the most. It has a large number of miners and traders. The economy will be highly affected. In my opinion, China wants to have more control over its ICOs and exchanges.

What I am afraid is if China, the US, and Russia all ban bitcoin trading. We will see a major dent in the price of bitcoin and people start trading it under the table.

I feel the central banks feel the competition now. 

[_Legendary_]

I do not believe bitcoin is highly dependent on China, although china is the largest user and miner of bitcoin, this is an opportunity for everyone to replace china as the biggest bitcoin user.

[johnarce]

China has had a complicated relationship with cryptocurrencies, and bitcoin in particular, for some time. Bitcoin trading volumes in yuan​ leapt ahead of those in U.S. dollars. But i don't think the banning will last long. Two of the largest cryptocurrency exchanges are in China, OKCoin and Huobi. So it would obviously have a big effect but Bitcoin will NOT die because of China.

[kenkoy]

China, for sure, has big impact on the Bitcoin value in a global scale. However, bitcoin will not die just because China ban ico or any exchanges. Bitcoin has been already established to other countries. and there are also countries who are now turning to legalize Bitcoin. China has a lot of investors of BTC but this crypto has already gaining huge popularity along socila media and expected to encouranged more investors so possible, Bitcoin will increase further in the future.

[desert.r0se]

It might have an impact but I don't think it will die.

There are still other countries and other factors.

it might rock the boat but it wont make it sink :-)

[Barcode_]

There is no way bitcoin will be dead because of the ban imposed by the Chinese government on bitcoin exchanges that are operating in China, bitcoin is a digital currency that can't be control by any government and bitcoin users from other countries will still continue to use and trade bitcoin everyday.

[Mbah Djoko]

Of course not, I'm sure users other than china are more dominant and if china leave bitcoin then it will not bring big impact. bitcoin will continue to shine even though the Chinese government forbids bitcoin.

[konco_kenthel]

I think that bitcoin from year to year will get better even though there is no participation from china country there are many other countries that accept bitcoin like india, pakistan and others we have to remain optimistic that there is big hope to still earn income from ico which will appeared later in the day.

[sosobtc-Regina]

It's a joke..

[Lieldoryn]

Of course not, I'm sure users other than china are more dominant and if china leave bitcoin then it will not bring big impact. bitcoin will continue to shine even though the Chinese government forbids bitcoin.

The biggest danger for bitcoin is not ban the government. The biggest danger is the inability to directly pay for goods with bitcoins. All users are required to use the exchanges and used to purchase Fiat. It completely destroys the anonymity of bitcoin users and makes us vulnerable.

[Frank0209]

I can easily say that Bitcoin will not die just because of China government banned it . At the few days after China government enacted the cryptocurrency ban, the price of bitcoin dumped to under 3k$ but for now, Bitcoin price is nearly 4k$ so I think that China no more longer can affect the cryptocurrency anymore so there is no reason for Bitcoin dying just because of China although almost biggest bitcoin mining factory is located in this country.

[Odora]

who is chinese so they can kill bitcoin, their excess is only because the population is so much that the market there is very good,.

[dlhezter]

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 like what you said, its a big NO. lol , even china is one of the big contributor for the rise and adoption on this bitcoin and suddenly/recently they announce that ICO's are banned in their country, nothings gonna change, bitcoin is very independent, bitcoin can stand without those country who totally cant accept crypto on their own country. and i think china didnt banned bitcoin but only ICO's. crypto still go on and must go on and have a very optimistic future even with/without china (the other country rather).