Will Bitcoin Die Because of China?

[fiomcorka]

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?

A big NO from me too. Although admittedly they've made impact in btc and caused a big leap in the price they are still one country. There's always another country who will take their place that's why they can't kill btc. And as long as we are here supporting and holding our btc tightly, no one can ever kill btc. The only thing that I think btc will die is if a sole entity purchased every single btc there is. We all know that's not possible so to put it simply, there is no way a single country can put an end to btc.

IN the future, all those countries who will be having the most number of bitcoins will be ruling the world because money is power.

Like Rothschild Is controlling all the governments because it owns almost every Central Bank of the world and gold also. Similarly, digital gold will be the power in the future and believe me; China will be back in scenes within days now.

[qwertyup23]

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?

A big NO from me too. Although admittedly they've made impact in btc and caused a big leap in the price they are still one country. There's always another country who will take their place that's why they can't kill btc. And as long as we are here supporting and holding our btc tightly, no one can ever kill btc. The only thing that I think btc will die is if a sole entity purchased every single btc there is. We all know that's not possible so to put it simply, there is no way a single country can put an end to btc.

IN the future, all those countries who will be having the most number of bitcoins will be ruling the world because money is power.

Like Rothschild Is controlling all the governments because it owns almost every Central Bank of the world and gold also. Similarly, digital gold will be the power in the future and believe me; China will be back in scenes within days now.

Like in any other principle, the one that has the most supplies has the power over all among its competitors. Like what you guys said, China alone cannot destroy the existence of bitcoin but its banning of ICOs has made a significant impact on bitcoin's price. It may be considered as a factor but there are many countries who support bitcoin usage and implementation. China may be the biggest country that contains numerous investors of bitcoins but a single country cannot defeat multiple countries who maximize the potential of bitcoins.

[posternat]

Bitcoin will never die. They're mortal. It doesn't matter if china banned Exchanges or ICO. Bitcoin is for everyone and nobody can control it. Its a world wide currency. Price decrease can also help buyer. Traders are already getting benefit of the prices. All in all, bitcoin is the future of  all the currecncies and it is here to stay always.

[super5star]

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.

Yeah that would be the last option for them if they firmly stand on their decision of banning bitcoins in their countries. Things are not much easy as they seem, so nothing can make bitcoin die.

It is decentralized, neither China nor USA or any country can kill it. Yes, there would be strong effect on the price of bitcoin but eventually no death at all.

Yes there is no one who can kill it is not confined to any region everyone has equal share on it and what Chinese are thinking now they are thinking to join again and I bet it will not die until last investor die so don’t get into such debate game of china is over and it Is going up to its previous values so remain hopeful and invest.

[Ashong Salonga]

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?

Nope. I don't think so because we all know that china doesn't actually full ban the bitcoin in their country is just that they ban some of the exchangers in their country that are related to bitcoin so that the production of bitcoin in their place actually decrease and affected. But as we see know they slowly getting some progress for the coming back of bitcoin.

[alexsandria]

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. Bitcoin being ban in China may have some effects on other countryn on their bitcoin business yet I think it cnnot cause the bitcoin to stop permannetly of have some effects on the future of bitcoin and in a sense that it will be the reason why bitcoin would disappear. I think bitcoin will no longer disappear but take its progress.

[Best Dreams]

I think no. And you can see why at bitcoin's price (it continues to rise). I also believe that Chinese will still find a way to invest in cryptocurrency by inventing a new technology (even if it is illegal)

Yes I agree with you there is no chance of bitcoin to die because china already banned bitcoin in his country but nothing happen to bitcoin and it was very amazing for me when I see bitcoin become more powerful and strong because bitcoin has a strong strategy bitcoin don’t care about china .

[Remainder]

Bitcoin can stand even the ICO's ban in China and Korea, there are also potential countries who invest bitcoin, even thus people in China and Korea they also have bitcoin, so the bitcoin trends will never stop.

[ubeng07]

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.

Yeah that would be the last option for them if they firmly stand on their decision of banning bitcoins in their countries. Things are not much easy as they seem, so nothing can make bitcoin die.

It is decentralized, neither China nor USA or any country can kill it. Yes, there would be strong effect on the price of bitcoin but eventually no death at all.

Yes there is no one who can kill it is not confined to any region everyone has equal share on it and what Chinese are thinking now they are thinking to join again and I bet it will not die until last investor die so don’t get into such debate game of china is over and it Is going up to its previous values so remain hopeful and invest.

exactly there is some country continuous for bitcoin and bitcoin are not only based there is some changes but for the exact bitcoin will recover because there is some way for it to stand again. I'm agree with you don't depend for what happen in china.

[Freyya08]

i don't think bitcoin will die just because of what China is doing. China is just one of the countries patronizing bitcoin and maybe one of the biggest investors but there are still so many countries and investors involved. though it may have a great impact on the market and the cryptoworld may experience one of the greatest challenges ever but i do believe bitcoin will continue to live, it won't die and surely, it will recover. so long as there are still people investing and supporting bitcoin, it will live on.

[chickenfried12]

China's banned BTC and all cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention
China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here that's in the long term, though, when BTC has the potential to replace the yuan in everyday transactions, and as a monetary asset.

[micleeiu398]

Thats impossible, just think of it that China already banned the bitcoin transaction into their country, but what happened, it is a short bad effect but it is a very fast recovery of bitcoin thats why it is very hard to down and destroy, as Bill Gates says that bitcoin is unstoppable because no matter what happens it is still very stand firm and rising.

The decision made by chines is cutting them off from the outer world and they are neglecting the Importance of the most profitable coin of the world and they should accept this because this will also gave boost to their economy and as they did this they will lag in development and in digital trade and will ask to rejoin.

[xboxsold]

bitcoin wont die,because its trade world wide.china ban the exchange and ico,but other countries still can trade.even people in china can go to the internet that server in other countries to trade. the only problem is people in china can not trade with chinese yuan. they will fix that problem soon.

[krisnt80]

China has a big influence over bitcoin, since most big miners companies are located there, the market had reacted badly to the news od ban of ICO as well exchanges, some people used those to create panic, now looks like we all know that China is legalizing both, but we all saw the impact caused from the rumors.

[Granxis]

Nobody understands what China wants to do, but certainly Bitcoin will remain strong without China. It is impossible for the Chinese to ban Bitcoin while the revenue from the sale of miner devices is so high. They have already banned companies.

[Best Dreams]

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.

Yes I agree with you bitcoin will not die without china because when china banned bitcoin so nothing happen to bitcoin it become more powerful and strong even japan start using bitcoin as a staff allowance and now Australia also accept bitcoin so there is a big support to bitcoin from around the world the people like it.

[subSTRATA]

who is chinese so they can kill bitcoin, their excess is only because the population is so much that the market there is very good,.

The only reason we all are expecting China to kill bitcoin is their population and thus ultimately more users than other countries. Besides, there is no more influence of China on bitcoin. So, don’t worry they will never kill it rather they will be going to accept it for their own benefits, wait and watch.

China will fail when rest of the world will be using bitcoins. Still China government will not be able to prevent their citizens to use/adopt bitcoins. Yes, literally governments has zero control over crypto world.

there is still plenty of influence that China holds over bitcoin, directly and indirectly. like it or not, future regulations and legislation that China passes on bitcoin could hold massive sway in bitcoin's price. let's say for example China lifts their bans and in place, imposes fair regulations on exchanges and usage. we might see bitcoin benefit from this as the Chinese users are given legal access to bitcoin on safe, regulated exchanges. however, imagine if the ban was lifted, but it was mandatory that all citizens disclose their used addresses and transactions. people might not even bother with bitcoin at that point, and would limit usage by billions of people residing in China.

[Xervo]

Of course, China will not significantly affect the market of bitcoins in the long term. And those who invest and keep, should understand this and do not worry. In China, there are only 20% of traders of all kriptornka. Well and tembolee have already received news about the abolition of regulations on the part of China

[Jose Rizal]

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.

China is one of the most influential country who established bitcoin togain popularity and we cannot deny the fact that it is also one of the best investor here in bitcoin in which when it rumoredly banned bitcoin, bitcoin's price deflated for almost 10% which triggered most of the forum users here as well as the investors because it is a huge loss and profit is not wasy to obtain, actually my clasamatws instantaneously convert their cryptos into our local currwncy cause they are afraid that they may lose so much.

[svendoto23]

I don't think bitcoin will perish if china bans it . Yeah they are a big contributor to improve the bitcoin industry but it doesn't mean that its the end of bitcoin if the china bans it on their region. Maybe the China is making some regulations or laws on how their people use it on their country.