Will Bitcoin Die Because of China?

[Williamsss]

bitcoin price down because fake news from china they want rise to be down then back to up it to the sun .

and this what is happen

[pugman]

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?

Bitcoin will not die,but there will be a lot of obstacles to be faced not only by bitcoin but by us as well,because china's contribution so damn high. The rumors are not helping as well,so many people joined bitcoin just because the price went up so high this year,and now that a crisis has come knocking at our doors,people who joined have started selling their crypto and quitting bitcoin. Nothing can be guaranteed on what exactly is going to happen by the end of this year. One can only pray and hope for things not to get even worse.

[wuvdoll]

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,.

The only reason we all are expecting China to kill bitcoin is their population and thus ultimately more users than other countries. Besides, there is no more influence of China on bitcoin. So, don’t worry they will never kill it rather they will be going to accept it for their own benefits, wait and watch.

China will fail when rest of the world will be using bitcoins. Still China government will not be able to prevent their citizens to use/adopt bitcoins. Yes, literally governments has zero control over crypto world.

[Wardtr]

I personally think that China ban is just a small obstacle in bitcoin's way to the top. Like any other scuccessful industries or currencys, bitcoin will have people trying to break it down but i don't think that they will suceed. Bitcoin is now the new era of cryptocuurency in the world and it will continue growing after healing from this ban.

[coinstalker23]

I think not. Even though they just ban some of their local bitcoin exchanges they cant ban it permanently . We all know that china is one of the great contributor in the rise of bitcoin . I think chinas government thinking some ways ornstrategically thinking how can they monopolize th circulation of bitcoin in their country. For now they are just figuring out how bitcoin can affect their economy if they legalized bitcoin as another type of currency.

[btcdepo]

China is the big thing but you should know that is not the everything. Despite China is dominating the market, bitcoin will not dies because of China!

[duyduc256]

I think not. Even though they just ban some of their local bitcoin exchanges they cant ban it permanently . We all know that china is one of the great contributor in the rise of bitcoin . I think chinas government thinking some ways ornstrategically thinking how can they monopolize th circulation of bitcoin in their country. For now they are just figuring out how bitcoin can affect their economy if they legalized bitcoin as another type of currency.

I agree with you . The Chinese market has contributed more than 30% of their assets and I am sure China is creating its own market so that the government can manage its assets and this is really not good for us.

[Juggy777]

When God closes one door, he makes sure he opens up another door, China will now not be able to dictate any terms to us. Look who has opened it doors to Bitcoin miners and potentially raising prices up single handedly, none other than Russia, yes you heard it right, Russia is welcoming miners, with open hands and buy it you can, it's going to moon and above before it's to late. China made us sad, Russia is making us happy, hail putin. That's a masterstroke, and he's going to make us all happy.
https://news.bitcoin.com/russian-governor-cryptocurrency-miners-mining-farms-leningrad/

[sujonali1819]

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?

NO i can not think bitcoin will be die . but yes it is sure that because of china ban ico there is an effect on bitcoin price . it already happen and bitcoin recover their price in few days. so i think bitcoin for world wide not only for china.so only china can not killed bitcoin.But for china banning ico  , ico will not be big ,just it.

[erep]

There are lots of good news in one bad news, I agree that the market will get an impact from this but its great in other terms. Lots of new countries started acknowledging cryptos and masses started using them for their daily jobs. We are seeing a lot of young population working hard in different ideas of ICO's.

[humanCNC]

I do not deny that China is a big market and has contributed to the development of the btc market, but China is not the biggest market and manipulates the whole market. So btc crash because of China is impossible. Whether btc has collapsed for this or any other cause then that is not the main affect of China.

[Xakki777]

We should concentrate on everyday use of the crypto currency for purchases of goods / services. We should concentrate on creating services that simplify the use of crypto currency, accelerate transactions, improve the interfaces for mere mortals ...

While you can not explain to your mom what a crypto currency is and how to use it, it will remain fun for geeks. Until you pay with bitcoins in supermarkets and cafes, you will not consider crypto currency as a substitute for the ruble. While bitcoin will remain "some kind of incomprehensible crap, on which you can cut down hundreds of percent of profits," this path will remain a road to the abyss ...

[novhitadaloma]

if the bitcoin dies because china does not, but if china can affect the bitcoin answer yes yes! problems that occur in china will affect bitcoin but now there is japanese that replace china. in the hearing of a news that Japan became the largest market in the world.

[cryptomato]

Despite it seems like China is dominating the bitcoin, it doesn't mean that China will cause Bitcoin to die. It is not China - Bitcoin war, it is the market makers and Bitcoin war.

[DainSLane]

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?

i think no even if china is a big contributor for the rise of price and adoption of bitcoin,china is not the only country that have big contributions in bitcoin, so it will not go back to zero or die there still japan who is another contributor in bitcoin and they are not going to ban bitcoin because they legalized it.

[kevinzxz]

bitcoin die not because of china, but because nobody else uses bitcoin anymore, because bitcoin will still exist if there is still use it, but if everyone do not use bitcoin again, that's where bitcoin will die.

[blackhawkeye1912]

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?

This is the funniest thing I've ever read in this forum, How come that China can able to kill or destroy bitcoin? that's not possible instead it's impossible actually. its not because they owned the highest averages of bitcoin mining and they ban the ico to their country, bitcoin will gonna die because of what they did. That's totally insane, besides ico in many country are well accepted.

[NelfiNovita]

of course not, chinese forbidding bitcoin in their country will not effect with bitcoin, even though they have the highest average bitcoin mining and they hope bitcoin will die because of it, this is the crazy thing they ever think about because it is very unlikely .

[kevin.]

The all negative actions of China against cryptocurrencies of course negatively influence to Bitcoin and market. But i think that talk about Death of Bitcoin it is not right, China is not the alone country on the Earth.The activity of China's government just shows us that blockchain technology works and do for what it was done. Let's see, how the situation with Bitcoin in China will proceed. What doesn't kill us makes us stronger. 


kevin.

[miguelmorales85]

How can you think about it? you need to understand how Bitcoin works in order to know that even if bitcoin is not exchanged or mined in China it will prevail because its nature is to be DECENTRALIZED.

I just want them to lose control of the market so they cannot manipulate it and take advantage of people.

We need to focus on mainstream use of bitcoin and convince more people of its various uses.

TL;DR: No