Will Bitcoin Die Because of China?

[xypos]

There’s no point in denying china was a big part of Bitcoin, and will probably continue to be even though the Chinese government decided to shut down all Bitcoin exchanges and even then Bitcoin itself.

However, I think that Bitcoin can definitely survive even without the Chinese with us. This is because Bitcoin is after all, a global currency. It does not need one single government being friendly about Bitcoin policies in order for the network to survive. Bitcoin is p2p, and that means as long as there are people interested in using Bitcoin Commodore always be away for them to access it.

[NewBet]

Bitcoin will survive even if both China and the USA ban it. That won't stop people from using it, and realistically the government can't do much about it aside from shutting down the internet.

[xanxus.kun]

No, they might be a big contributor in bitcoin but i doubt that bitcoin will die just because of one powerful country. China may have huge influence in bitcoin and can create heavy impact on the market but just like before Bitcoin will rise and survive.

[ericson]

It will not die because of that little matter it maybe can decrease the rate or value too but it will recover some other time china is not the only one using bitcoin it was just basically band and branded illegal because of the threat that will come to future of their economy it is not even possible to the bitcoin dying  it is just a simple matter

[Pakboy]

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. Bitcoin will not die even the China banned the bitcoin in their country. Bitcoin will never die because bitcoin will exist forever in this world. The bitcoin will become stronger and the bitcoin will not lose its value.

[Chairul Muttaqin]

Bitcoin will survive even if both China and the USA ban it. That won't stop people from using it, and realistically the government can't do much about it aside from shutting down the internet.

let us alone about shutting down the Internet, maybe china and usa could not stop people use bitcoin although that two big countries are banning bitcoin but i am sure that that will give very bad impact for bitcoin especially for the price because the most of users bitcoin will leave bitcoin  as well.

[emezh10]

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.

Of course the answer is simple it is a now. Because bit on did not just depends on part of China , even if it's given that China is the largest country in the world there is a lot of people in other countries I am sure that is worth on dealing with transactions, investments and trading.

[Fuhre]

Well, you already have an answer for your own question! Obviously, bitcoin will not die just because of the ban in China! Bitcoin is so beautifully designed that bitcoin does not depend on anyone! Actually China is the biggest contributor, but it's there. Also other countries playing the same role as China! so I'm not afraid that someday there will be another country that ban ico like china.

[bololord]

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?

My answer is no!  becuase i believe that bitcoin is created to be use of all people so dont worry if kany country like china banned the bitcoin becuase as you see many rich people are investing in bitcoin so if the bitcoin decrease its okay and then wait for a long time the bitcoin become increasing again.

[alfranyer]

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?

China does not represent the whole bitcoin market, and it isn't the only country where the costs of electricity to enter the mining industry and generate profits are cheap. With rumors of prohibitions confirmed or not in that country, doesn't mean that the transactions with cryptocurrencies disappear in its totality, nevertheless would give way to the opening of a black market to accede to this type transactions

[Saisher]

I think bitcoin will be ok without China, we have proven that when China began banning ico and regulating exchanges as you can see there is no drastic change in the price of Bitcoin in fact, they are bouncing back the question is can Chinese live without Bitcoin.

[BOLT PLUS]

bitcoin is a universal currency and i do not think that it will die because of a single country, hope that it will remain for every and will never die.

[Scorpion]

Absolutely not, a large amount of users and miners are from China but not enough to discourage the growth of Bitcoin. Actually China will see it can only regulate and gain control on Bitcoin to a certain extent and eventually back off I believe.

[lincolnmad]

Meh bitcoin is never die because of China, China is give a big affect into bitcoin but bitcoin will still survive even after that bad news from china about banned ico and bitcoin local exchanges on china. The only problem is the price of bitcoin that decreased because of that news but the price is going up again nowdays.

[jekjekman]

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.

If Chinese government is thinking a way in disconnecting or taking aways cryptocurrencies to its citizens then I think they must start in disabling miners and mining industry of cryptocurrencies there but the didn't cause it is a profitable business to their businessman and they are okay with it. It is just that they want to regulate cryptocurrencies and not to ban it, government duties at its finest, if you know what I mean.

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

Of course the price of Bitcoin will drastically go down if this will really happen in the future because China has a large percentage of miners and with this when you think it logically, many of its citizens are having different kind of cryptocurrencies. Bitcoin is an international currency that doesn't rely or to serve a single country so it will rise again if ever this happens.

[Mr.Anonymous]

Bitcoin will survive even if both China and the USA ban it. That won't stop people from using it, and realistically the government can't do much about it aside from shutting down the internet.

let us alone about shutting down the Internet, maybe china and usa could not stop people use bitcoin although that two big countries are banning bitcoin but i am sure that that will give very bad impact for bitcoin especially for the price because the most of users bitcoin will leave bitcoin  as well.

Have do you mistaken? As per my know, United States have not any move after China banned the ICO market and few cryptocurrency exchanges. In addition, the Chinese government also have not said they banned the Bitcoin market, only altcoin and ICO token exchanges.

[imsotiredofmoviereboots]

This is very ridiculous. Bitcoin deos not need China if they don't want bitcoin to be part of their economy. Just wait a couple of months and btc will rise again.

[Sithara007]

This is very ridiculous. Bitcoin deos not need China if they don't want bitcoin to be part of their economy. Just wait a couple of months and btc will rise again.

There is no doubt that Bitcoin can survive without China. But there will be a lot of impact. Very soon, China is going to overtake the United States as the largest economy in the globe. It will be better if Bitcoins are permitted there. If that doesn't happen, then it can negatively impact the exchange rates.

[0t3p0t]

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! Probably not. I don't think Bitcoin will die just because of one country that implemented banning of Bitcoins. Bitcoin will still skyrocket without China though it plays a big role in the market but I am not convinced about the concern of death of Bitcoin when one or even five countries ban Bitcoin totally. It might be their biggest mistake of cracking down those crypto exchanges instead of regulating them as the government will still collect tax on it. These countries will soon realize that they have a wrong move towards modern digital investments. They're just wasting peoples opportunity to invest in cryptocurrency. But I know one day they will open the gate for crypto again.

[Rajamuda]

I don't think so at all, indeed some recent news coming from China looks like weakening Bitcoin and lowering bitcoin prices in recent days ago, but i don't think Bitcoin will ever die just because of the incident. Although bitcoin prices are easily influenced by many things but i'm sure the bitcoin price will increasing again in the next time, we know bitcoin is still on the development and will be more in the maturity again and the value will still continue to increase in the future.