Will Bitcoin Die Because of China?

[megynacuna]

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.

The life of Bitcoin doesn't solely depend on china and that's why it is decentralized. I know china has a bigger stake in terms of mining power and investment but that doesn't mean if they decide to leave the network others won't replace them and so I don't think Bitcoin will ever die because of the Chinese and their drama.

[DoublerHunter]

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.

The life of Bitcoin doesn't solely depend on china and that's why it is decentralized. I know china has a bigger stake in terms of mining power and investment but that doesn't mean if they decide to leave the network others won't replace them and so I don't think Bitcoin will ever die because of the Chinese and their drama.

Yes, that is definitely true. Bitcoin will never die just because a country leave the game and even china that is one of the earliest country that cope bitcoin, it doesn't have a strong effect on the price because even they leave bitcoin, the price of bitcoin is still going up and the other countries and people are still supporting bitcoin no matter what happen.

[lighpulsar07]

No. I don't think so, too many users and countries have joined in bitcoin unlike before mostly china has the majority of mining, in market if we talked about before, definitely bitcoin will die but now too many users, investor and government are into bitcoin. Bitcoin will not die if in case china banned in their country.

[cryptoking710]

I think the China effect has already been priced in... I cannot see China banning mining any time soon so lets sail this ship to higher profits in the future.

[Eugenar]

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?

Definitely no. Indeed, China is a major loss for all cryptocurrency including Bitcoin because it is one of the biggest crypto investors but surely, it won't make Bitcoin dead. Bitcoin still, has a large community that will make its market demand high, and seeing that Bitcoin is slowly recovering from what happened, it only proves that Bitcoi  can still continue without China. Hoping that it will fully recover, soonest.

[kram31]

may i say this ? china will die ! lol this will a big effect for china once bitcoin have the support of the whole world China is loosing its people and transferring toother country because  of the bitcoin issue which they will not support the government with it!

[Bitcoininvestment]

I think that China will not be the cause for the bitcoins lost.Though China is reallly a powerful country and it is also one of the countries that uses bitcoin,I think that it will just cause some problems to the bitcoin but it will not lead to it's downfall.

[mercer007]

This is just fud nothing is gonna happen to bitcoin. China doesn't control the whole market it is just 20 % of the total, so nothing is gonna change in long term.

[gabbie2010]

The death of bitcoin is not feasible although china pulling out has caused a major set-back but that can not signal the death of bitcoin, it is obvious that other countries who are major holders of bitcoin outweigh Chinese holders, the only effect is the drop in the price of bitcoin which is currently being experienced.

[StockBet.com]

China wants to clamp down on Bitcoin and cryptos because of money laundering.

The Chinese people have been laundering billions every year to buy real estate in the West.

A big motivation for the Chinese people, is that Western governments offer residency visas for those Chinese who bring over (launder) $X.

If Western governments stopped offering residency visas, there will be less motivation to buy real estate abroad, which means there will be less money laundering, which means the Chinese government will not be so hard on cryptos.

[drawoh14]

Absolutely not, there are other countries dealing with bitcoin, yet, it is only China that banned Bitcoin there is so many people out there using bitcoin lately

[pedjo99]

By what we have seen last week, we can definitely agree that bitcoin itself is bigger then China and JP Morgan combined. At this moment nothing can stop it from further growth, so not even big market like China is.

[IamMe13]

In my opinion maybe not, because china is not the only country who can invest in bitcoin yes! they've got huge impact on market now but it will not stay as it is, bitcoin will rise again soon and they will regret of banning cryptocurrency in their country.

[Mobshady24]

no, you can see on exchanges right now, bitcoin is still standing strong despite all those events in china. china might have a lot of bitcoins but it is just a portion throughout the world. as long as there are coming investors and holders will stay, bitcoin will be good for long.

[A1exander]

I agree, bitcoin definitely cannot die of a single country (however big) banning it. Price may dip, mining difficulty may decrease (if China bans mining), but it will recover.

[Sarah08]

Not really because their are to many countries that uses bitcoin anf legalize it, and even though bitcoin is banned in China many investors are rich for investing, and as we see that bitcoin can recover fast, but still China is a very big effect and damage to the bitcoin, the population of bitcoin users in China are too many, thats why a very big effect.

[ButtCrack]

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.

The life of Bitcoin doesn't solely depend on china and that's why it is decentralized. I know china has a bigger stake in terms of mining power and investment but that doesn't mean if they decide to leave the network others won't replace them and so I don't think Bitcoin will ever die because of the Chinese and their drama.

Nope, China had gave up their powerful in Bitcoin, ban the ICO market and cryptocurrency exchange proves them cannot keep it. Maybe, the making progress of Korean, India, Japan and some coutries of Asia on the cryptocurrency marketplace made China did that.

[CryptoKranthi]

Never.I say it because if China can make Bitcoin die, then there would be many top companies like Facebook,Google should have been died years ago.Infact they became popular with or without China.So China has no control over Bitcoin.No need to worry it's only China didn't adopted Bitcoin not all.Every country is thinking about legalising crypto currency.So don't worry about it.

[natsu_koo]

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 i agree with you thats why its a big NO.

[Akash1243]

Of course not bitcoins won't die because of China banning ICOs and maybe ban on bitcoins exchanges it will all affect bitcoins but it won't die.Bitcoins will not die as long as there is demand of bitcoins.I think mostly all countries will legalise bitcoins in future as many countries had already legalised them like Japan,India and many more.This drop is only temporary cause of China banning ICOs, bitcoins will rise again soon and will cross $5000 this year.