Will Bitcoin Die Because of China?

[alfs75]

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?

Definitly no,that bitcoin will die because of china,because they are only one nation compared to us,with companion of other country who apply bitcoin.actualy china will use bitcoin in the process of mining only ,while other ways Iike ICO,trading etc,they totaly band .because chinese people they want to monopolize bitcoin in there own.the whole scenario of the story is that china is dead without bitcoin.

[Arkhan.Cimot]

As you say China is big contributor for the rise and adoption of Bitcoin it will surely create a huge impact on the market. But we should know that China is just a contributor and so are the other countries as well. If one country completely rejects Bitcoin it will create an impact on the market but it will not lead to the death of Bitcoin. There are other countires too which knows the potential of Bitcoin. Slowly but steadily bitcoin will recover the losses and begin to rise again. So the answer is surely a NO, Bitcoin will not die and YES cryptos will still have an optimistic future ahead.

agree with you china is a very big contributor to rising and adopting bitcoin, but even though china has a big impact on bitcoin for me bitcoin will not die and bitcoin will keep returning as before

[Blackdeath]

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?

Actually, Bitcoin will not die just because of China's banning of bitcoin exchange in their country. Yes there is really an instance that the action that has been done by China do have a negative effect on the bitcoin's price rate, still it is not enough to state that because of China's loss bitcoin will die. Because China was just a part of the big bitcoin community so still there will be a large percentage of users that can support bitcoin to continuously operate so that there is no possibility for bitcoin to die just because of China's loss.

[Chachacoin17]

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?

Actually, Bitcoin will not die just because of China's banning of bitcoin exchange in their country. Yes there is really an instance that the action that has been done by China do have a negative effect on the bitcoin's price rate, still it is not enough to state that because of China's loss bitcoin will die. Because China was just a part of the big bitcoin community so still there will be a large percentage of users that can support bitcoin to continuously operate so that there is no possibility for bitcoin to die just because of China's loss.

Yes, definitely. I agree with you mate. Bitcoin will not die just because of China. As China bitcoin holders dump their bitcoin, some are buying it so it only fill in to China's loss. As price is going up again recently, this could only mean that people are not afraid even if China banned ICO and all negative issues release because no one can stop bitcoin. That's why the price still go up because many still use and buy it and sooner, it will soar up high.

[dasdo]

China is not the whole bitcoin market. It does not significantly affect crypto-currencies, despite the fact that China accounts for 20% of all traders in crypto-currency. Already now, the growth of the Crypto currency begins, as before, despite this news. So catch the moment, invest in a long time and participate in bounty companies.

[Denies]

not proven at all, buddy
exactly I think otherwise, will china get in again and engage in bitcoin? they have failed in the bitcoin procurement plan. and korea catch up. it also does not show any results. so how, are they going to legalize it with very close time?

[micher143]

Bitcoin will not die even china ban exchanges or IcO or what ever. Because bitcoin is for world wide .if china not use bitcoin anymore yes they have effect ban not big. Because many country also use bitcoin or crypto currency . Even bitcoin price decrease for sure it will recover again because many people buy again bitcoin if they see the price decrease because they want to earn money. Bitcoin will not di!.

I agree that bitcoin would not die even if China as known as the largest country of the world would stop on dealing with transactions with the used of Bitcoin. Because I beleve that there is much more future within the used of Bitcoin for the developing countries out there which is more capable to achieve growth and development on the support of its people. So China can serve as a factor but not the life line of bitcoin that can indicates the time of bitcoin to die.

[btcprospecter]

Bitcoin would not die even if China was down pull the plug. Bitcoin is world wide and yes they are major contributors. Somewhere else would simply fill the void.

[AweJohn]

China is not bitcoin, why would it die ?! BTC is a worldwide coin.
It will grow more after china will get tired of all this bullshit and see that it can not control bitcoin, it is already on it's way up.
 

[Baby Dragon]

Bitcoin will not die even china ban exchanges or IcO or what ever. Because bitcoin is for world wide .if china not use bitcoin anymore yes they have effect ban not big. Because many country also use bitcoin or crypto currency . Even bitcoin price decrease for sure it will recover again because many people buy again bitcoin if they see the price decrease because they want to earn money. Bitcoin will not di!.

I absolutely agree that, bitcoin will not die even china ban exchange or ICO projects. In addition to that, there is no such effect it in bitcoin community. As of now bitcoin become more stronger and I think bitcoin never die even china banned some ICO projects.

[GoodOne]

Every time BTC restores back after bad news it looks like BTC is getting more and more chances of digital immortal currency 

[King Sastro]

Bitcoin would not die even if China was down pull the plug. Bitcoin is world wide and yes they are major contributors. Somewhere else would simply fill the void.

Yeah right, I think bitcoin will survive even though china left bitcoin. examples and tangible proofs are currently priced at $ 4350 and it seems china banned bitcoin does not have a bad impact because community and bitcoin users are solid.

[knightmairesaint]

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. Bitcoin is on a global scale and China is just a part of it. Though China is one contributor to bitcoin industry, Bitcoin can still go on in its path. There are many people who will continue to supoort bitcoin because it is a coin worth supporting. And bitcoin is a strong coin. It will not be shook by these types of scenario. It will take a lot more before bitcoin falls.

[prehisto]

Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100.  Bloomberg and the Wall Street Journal also reported that the country is planning to shut down digital currency exchanges.

Do you have any source for this information?

And to answer the original question.
It will definitely not die. But i am wondering what would happen in the scenario when China bans mining?
How would that impact the price and transaction speeds and the whole network ?

[ljtronics]

China banning bitcoin or whichever country banning bitcoin/Crypto is definitely not going to kill the coin off. But it is important to see the trend, i mean if we think about it, lets say hypothetically, if China or any country somehow invented a way to improve their own economy/fight against inflation without the use of bitcoin/crypto, surely other countries will follow. And surely, hypothetically, it could also go the other way, which ensure that other countries will not copy, which result in bitcoin/crypto to moon, maybe ?

[paragon07]

bitcoin will not die, china is a major contributor in bitcoin talk, if china will out their investment, bitcoin will still alive until the people using bitcoin, nothing gonna lost or disappear

[lynn0729]

Definitely nobitcoin is supported by people from all over the world,China is just a  small part of it.

[uelque]

Yes of course it is always be a BIG NO..! , it may only have an impact on the bitcoin prices or other cryptocurrencies prices but it will never die. And after all, China is not the whole world.

[Mr. Legendaris]

Definitely nobitcoin is supported by people from all over the world,China is just a  small part of it.

True, bitcoin is supported throughout the world population and it can be said china is not the dominant owner of bitcoin so if the chinese government banned bitcoin then there is no effect whatsoever, everything will be fine and the price will continue to rise.

[DewiKirana]

although China has an important role for bitcoin, I think bitcoin will not die without China. Because now many countries that support bitcoin and other altcoin. If bitcoin without China is likely to only reduce the price of bitcoin in a relatively short time.