Will Bitcoin Die Because of China?

[Hafas Rama]

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?

cryptocurrency will still survive there are many other countries that support bitcoin.
so in my opinion no problem even though the effects of china still exist.
but still the bitcoin will last.

[emberbekas]

Even though China gave a big contribution on cryptocurrency especially with bitcoin, but without them bitcoin will not die. There are still plenty of countries which will support it. Indeed the price will be affected but it's just temporarily.

[btcholder]

I don't think so. It's true that China have a huge marketplace for crypto currency. But bitcoin will not die for China. There are many country whome like bitcoin. Like Russia, Europe union, India, Australia etc. So don't worry for China.

[supto005]

obviously Not. Not only I know but also every know that it will not be happened. Because of Bitcoin is not depend at China. But it's true that Bitcoin in China has some effect on bitcoin banned. But it doesn't mean that after ban in china Bitcoin will die.

[BlueStackz]

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 it is impossible because we all know that bitcoin in china isn't a big thing because even if in the past few days they banned and stop different transactions in bitcoin today I think the problem was overcome and resolve. And we all know that bitcoin is a very strong kind of digital currency. It will be a big thing in the future.

Of course you are right because a few days back Chinese government has imposed a ban on bitcoin just to control its price which resulted in the very low price of bit coins. Despite of all this bitcoins have retained their worth in the market so it is impossible that bitcoin will die because of China.

[Maxsumi]

I don't think so. It's true that China have a huge marketplace for crypto currency. But bitcoin will not die for China. There are many country whome like bitcoin. Like Russia, Europe union, India, Australia etc. So don't worry for China.

I agree, because bitcoin is not a currency that would die because 1 country bans bitcoins. Bitcoin will keep rising and eventually china will accept that bitcoin is needed in their business and that is when bitcoin will grow a lot faster than anything else.

[_Legendary_]

Bitcoin made by the Japanese citizens ie Mr. Satoshi Nakamoto, but uniquely the biggest user is china, I do not think it would have much effect because bitcoin is already globally known.

[diguyo]

Charles Lee's announcement that the ban won't exchange to mining and the network itself - this is major. If mining and network operations were banned in China it would hit bitcoin HARD. The biggest issue is for miners to get their money out - they're mining for bitcoin without an exchange to cash out. I mean, they will find a way, it won't be THAT hard, especially for the more tech orientated, but I assume whatever they'll be doing will be technically considered illegal? I don't know, still a bit of a grey area, but as logn as the mining lives then we should be good.

[EEEian]

Absolutely right becuase now bitcoin is big falling down just for china fact i think but i ignored this fake news and everyone should just avoid this stupidity news.I believe Bitcoin back to the previous destination.

[Powerman001]

bitcoin will always rise though without china. even though the current bitcoin is down but it is only temporary. bitcoin will rise and keep growing

[hardiyanto]

well, maybe bitcoin will be gradually destroyed and will be replaced with coins made in china

[Shiller2009]

Bitcoin can develop without China. There are still a lot of people in the world who have not even heard about it and China's ban will not affect the development of the crypto currency.

[n0ne]

Bitcoin made by the Japanese citizens ie Mr. Satoshi Nakamoto, but uniquely the biggest user is china, I do not think it would have much effect because bitcoin is already globally known.

Bitcoin hasn't gained a big global awareness among the world population. Slowly it has been getting spread as more people love to have the simplest form of transaction. Secondly till the perfect identity of Satoshi is not yet revealed, so I don't think that he is from Japan. China's influence on the global digital currency market is big and this will continue for a longer time until more countries make them involved into bitcoin usage.

[pginvest]

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?

Replace Bitcoin with "X" if China suddenly went out of its way to ban cars, or the internet, or anything - will it die. I don't think so. Because china has such a large percentage of the worlds population, and is such an economic powerhouse, it certainly won't help much, but BTC will cary on. In any case - China is more likely to want to control and regulate crypto than to have a lasting ban IMO.

[Senja Kemuning]

Why do people think too much about china? rest assured all will be normal with or without china, besides chinese users also will not easy to leave bitcoin, they will keep keep because bitcoin can be keep in web wallet.

[Boknoyz]

also have effects because they are so many investor interested to bitcoin that country the bitcoin slightly down but I know bitcoin recovery for the right time.

[djgtr]

also have effects because they are so many investor interested to bitcoin that country the bitcoin slightly down but I know bitcoin recovery for the right time.

yes i agree it is only affected but not nescesary that it will go down because of it.it is only an speculation.to make people panic but indeed china will buy a lot of bitcoin and sell it on the next month or maybe a year.i guess they are so smart.

[cjinny]

Nope, I do not think bitcoin will die without China. Because today many citizens of the country are using and mining bitcoin. China is a bitcoin contributor in the world, but I think it's unlikely that bitcoin will die without China.

[kdiag]

After the ban exchangers in China, the price BTC went down, now already recovered. In China, they can buy bypassing the state.
But if the government prohibits bitcoin MINING, then the price will definitely go to the bottom ...

[rosettasunn]

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?

The answer is NO. But when investors see the nega effect that China can make on bitcoin price, their passion may fall for fear of other countries doing the same. Perhaps this year is a year of ice and fire for bitcoin and winter is coming.