Will Bitcoin Die Because of China?

[colenax]

so great is the influence of china on the crypto world, not apart from bitcoin. but bitcoin can still survive in a significant transition decline. but bitcoin can survive and balance at the lowest level. now the bitcoin rises again. china is not a problem for bitcoin.

[ss890]

This is far fetched as we know that china is not the only contributing country into the market capitalisation of bitcoin that we are watching today. The bitcoin is having its own agenda and the Chinese having their own. 
Both of them are completely different in sixth sense and will never get mixed up. Doesn't mattter really what china will do because they have "x" percentage of contribution which can be filled by us, the other countries. In long run everything will come to normal and we will see all those price spiking again.

[ruthbabe]

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

I think so, it's because China's ban on exchanges only affected 10% to 13% of traders within the global bitcoin trading market.

[cryptothreads]

so great is the influence of china on the crypto world, not apart from bitcoin. but bitcoin can still survive in a significant transition decline. but bitcoin can survive and balance at the lowest level. now the bitcoin rises again. china is not a problem for bitcoin.

I agree with you . China no longer dominates the market as the Chinese government's ban has led many Bitcoin owners to sell everything to secure their profits. I think this is really good for us because we do not need China

[camsss]

No. Bitcoin will not die just because of China. There are a lot of country worldwide which uses bitcoin. At some point it will have an effect. But it is not permanent. Just like what happened last time, the value of bitcoin decrease. But as the time goes by, it increases. So there is nothing to worry about the China thing.

[AjithBtc]

so great is the influence of china on the crypto world, not apart from bitcoin. but bitcoin can still survive in a significant transition decline. but bitcoin can survive and balance at the lowest level. now the bitcoin rises again. china is not a problem for bitcoin.

I agree with you . China no longer dominates the market as the Chinese government's ban has led many Bitcoin owners to sell everything to secure their profits. I think this is really good for us because we do not need China

That's a wrong thinking, because if China hasn't contributed to bitcoin we could have not reached such a big growth that we're experiencing at present. So I wish China need to be active in the market, but should not make any negative impacts.

[Slow death]

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

I think so, it's because China's ban on exchanges only affected 10% to 13% of traders within the global bitcoin trading market.

well it seems that in the future we will have good news coming from china, they are like a flea or a dog when it has a bone

" Virtual Currencies Expected to be Regulated in China on October 1st

Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March 15th.

"

I think this is really good for us because we do not need China

many miners are in China, unfortunately we still depend on china

[shohelalam]

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 Is BIG NO! We every on bitcoin never die. Yes We know Bitcoin big marketplace in china if china banned in exchange that time some bad affect for bitcoin bit its not die. Because not only china trade bitcoin and use it the world use bitcoin right now. China  don't leave form crypto currency the always with cryptocurrency. 

Some days ago we hear china and some of country Banned ICO in there country. after some days we hear again it's temporary but now what hear it will be end after October some of country.

Its my Opinion and is my only thinking Some of people and country wants to Money game from bitcoin for that they create a environment and temporary Bad affect for bitcoin after that the market price decrease and the got profit every time.  

[ProGamerJojo]

I too Think NO.
Because Bitcoin is life 

[ufaiz50]

actually i don't know why china do that. indeed the state ban on cryptcurrency will have a major impact especially if other countries start following a country that prohibits ico and the exchange.

[cryptobiker]

No way... China never had nor will have any control over the majestic beast.. US understood that pretty early and best could do was to tax it when you convert to fiat.. and thats it. Bitcoin is too big now for any country to suppress it any attempt too suppress it would only boost its growth.

[happyme1818]

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, there is still a very optimistic future even without China. Remember that Japan embrace bitcoin with open hands. China is just one country in Asia. Bitcoin is also very popular in in neighbor countries like Taiwan, Philippines, Singapore, Malaysia Indonesia and many other countries in Asia. You should also consider  European countries, South and North Africa , Middle East, North and South America. China may have an impact on the price today,  but it will just become history later on.

[inevertell]

Of course not! its price has already recovered.

[Mhedz]

As you've said,its a BIG NO! almost in all country,lots of people knows about Bitcoin. even if China will banned btc and all ico's,it will not die',it will just dump a little maybe but not much.

[frowsiter]

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

Why does it even come to the china anyway? Agreed that they had role in the bitcoin mining on mass sca,e and they had more investors than anything else but look around you everything is still working just fine to me. There were little glitches in the bitcoin price but it sustained that stroke as well. With the Christmas coming we will see more investments and the bitcoin price will rise even more. Better keep the faith in bitcoin not in the china. No offence but the country is behind the race now and soon it will go off the radar. The more quickly that happens the easier it would be for us and bitcoin to capture the next goals. Cheers to china by the way.

[ProGamerJojo]

China will be left out if they continue to go on with all these rounds of bans. The US govt. wasnt too quick to do the same and it was a wise decision. They know its better to let everyone know where they stand but still give enough space for cryptocurrencies to move for now, to observe and see what benefits it could bring to them and their people.

[lionheart78]

Bitcoin does not need China in order to survive.  If you look at the globe, China is juat one coutry among the possible country that will embrace and accept Bitcoin.  Even if China bans Bitcoin eternally, there is still Japan and Australia that opens its government to innovations.  It will be a lost of China if they stay hostile to bitcoin, though I think China is just preparing its country for a massive adoption of Bitcoin and its technology.

[donGeilo]

There are definitely a huge numbers of bitcoin miners in China but this is not going to affect Bitcoins in any way . Bitcoins are here to stay for a long time . We can all see that in the past few days bitcoin market value has again gone up despite its China controversy . There are still many countries which supports bitcoins which is leading to its high volatility and popularity .
So ban in China or any other country is not going to affect so much that bitcoins will not survive as its result.

[Badr]

China will be left out if they continue to go on with all these rounds of bans. The US govt. wasnt too quick to do the same and it was a wise decision. They know its better to let everyone know where they stand but still give enough space for cryptocurrencies to move for now, to observe and see what benefits it could bring to them and their people.

I think on 1 June the price of bitcoin reach to $2400 and which is good for bitcoin but when bitcoin was offered to china then china need some time to answer and then they answer that they cant legal bitcoin because of some reasons which cause sudden impact on the price of bitcoin around the whole world and which show a bad relation of china and bitcoin.

[IanRidgwell]

Bitcoin does not need China in order to survive.  If you look at the globe, China is juat one coutry among the possible country that will embrace and accept Bitcoin.  Even if China bans Bitcoin eternally, there is still Japan and Australia that opens its government to innovations.  It will be a lost of China if they stay hostile to bitcoin, though I think China is just preparing its country for a massive adoption of Bitcoin and its technology.

I don’t think bitcoin will die because there is a lot of countries who are pending and take time to accept bitcoin and may be that happened and the price of bitcoin will rise but a little bit the price of bitcoin is go down only due to the rejection of china about bitcoin when bitcoin was offered and they just can’t trust on bitcoin that’s why they refuse to it.