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Author Topic: Will Bitcoin Die Because of China?  (Read 14187 times)
bitcoinVPSD
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November 04, 2017, 05:42:22 PM
 #561

This will never happen. Even if China prohibits bitcoin, it still exists. However, the bitcoin value will be slightly affected by China. Bitcoin has existed for some time and has been accepted by many countries and it can not die

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November 04, 2017, 05:47:43 PM
 #562

Totally not, China is one of the biggest players in the bitcoin market but that does not mean that bitcoin will cease to exist if China decided to ban bitcoin or dump it. There are a whole lot of market from other countries combined compare to China which will continue to function even if China gets out of the picture.


I agree. If more Chinese players would do away from supporting bitcoin considering the news that they are planning to make a crypto currency of their own, it would maybe affect it's value a little but once it adjusts, it will regain like what happened before. Many other people from other parts of the world are supporting it now. Therefore, it will be hard to just kill it down.

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November 04, 2017, 05:58:06 PM
 #563

There will be no threats for Bitcoin because of China
China is interested in the circulation of crypto currency, only wants to take an active part in regulation
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November 04, 2017, 06:05:15 PM
 #564

Bitcoin is built on a decentralized system not a country or a nation can stop it but together we can stop it. China as a country aline cannot stop bitcoin, so bitcoin is unstoppable as far as more masses are into it. Some governments are contemplating weather to make itva store of value or a currency but the truth is either of the two ways they accept it bitcoin still possesses both properties. With bullish increment in market cap every time, there is still more to BTC in coming years.

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November 04, 2017, 06:09:54 PM
 #565

Nope.china fina no one can kill btc

Silverstone1111
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November 04, 2017, 06:28:38 PM
 #566



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?
One thing is true that China has really contributed to the early stages of bitcoin and there were miners there with big mining farms. Now the country has banned the crypto. I read somewhere that China's economy growth was declining and saw cryptos also as a threat to their economic growth. Well they have have it but they can't stop it completely and it's the changing times. Change is inevitable and only the ones the ones that adapt with time with become the winner. So I think that China will regulate the use of Cryptos making it legal and now the countries are about to license a cryptos. So they might do the same.
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November 04, 2017, 08:50:07 PM
 #567

I heard China is regulating bitcoin so dont worry it wont die because of China, but china has to surrender. Tongue
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November 06, 2017, 08:30:54 PM
 #568

I as well Believe NO. Because Bitcoin is life 
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November 06, 2017, 08:52:41 PM
 #569

Hydropower networks are in the hands of the nation, to locate somebody is very simpleAlthough China shouldn't hurry to destroy, but they have the opportunity
xBitHodler
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November 06, 2017, 09:04:34 PM
 #570

Of course Bitcoin won't die that easily. Bitcoin exchange ban in China caused a 30% decrease in Bitcoin price but it quickly recovered. Now it looks like China wants to unban Bitcoin exchanges again. That's hilarious, now we can clearly see that the only thing they wanted was to manipulate the price. Did they cash out and bought BTC for less?
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November 06, 2017, 09:11:00 PM
 #571

Nope regardless being one of the contributors of bitcoin price and mining they cant kill the bitcoin currencies because no single country can hold the power to shutdown bitcoin this is way people love decentralize currency like BTC. I think china overestimated their actual control into bitcoin that's why they failed to understand that bitcoin cannot be controlled.

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November 06, 2017, 09:17:58 PM
 #572

I heard China is regulating bitcoin so dont worry it wont die because of China, but china has to surrender. Tongue

They are trying to regulate but there are no reports that they are regulating it already. We had passed a lot of trials with bitcoin, the gains and reduction of it's price are really a great thing to witness. Even with China bitcoin won't die, they are not the only market and economy in this world where bitcoin can circulate. There are that much of countries that can have a better way of movement to it's circulation.

childish
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November 06, 2017, 09:23:28 PM
 #573

Totally not, China is one of the biggest players in the bitcoin market but that does not mean that bitcoin will cease to exist if China decided to ban bitcoin or dump it. There are a whole lot of market from other countries combined compare to China which will continue to function even if China gets out of the picture.


I agree. If more Chinese players would do away from supporting bitcoin considering the news that they are planning to make a crypto currency of their own, it would maybe affect it's value a little but once it adjusts, it will regain like what happened before. Many other people from other parts of the world are supporting it now. Therefore, it will be hard to just kill it down.
yeah bitcoin more famouse and better without china. now when china ban bitcoin well bitcoin not die but increase high price and more excited
its mean bitcoin not bound to countries

Reez
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November 06, 2017, 10:26:08 PM
 #574

Does it look like Bitcoin died?? If anything it made the price go up because a lot of people fear China for some reason and think they have some sort of power that can be used against all people. In the previous money system with FIAT yes they could enforce their will by regulating the people somehow, but you cannot do that on the Bitcoin blockchain so this has helped BTC actually.
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November 06, 2017, 10:29:01 PM
 #575



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 has served its purpose but as we can see most of the time every single news that comes form China is nothing but FUD but as more countries have entered the market the effect on bitcoin has diminished to the point bitcoin is now able to resist it and get back to its previous price in a matter of days.
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November 09, 2017, 04:58:36 AM
 #576

No they baned bitcoin in china not doesnt mean it'll pass away all around the world. There are lots of country that they used bitcoin so i think it won't die due to the far east
alexsamudra
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November 09, 2017, 05:04:49 AM
 #577

bitcoin will not die because of China, because many countries that agree to the bitcoin of the country. what china holds all his controls?
Portia12
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November 09, 2017, 05:05:13 AM
 #578

Bitcoin will die when it is ban to all country or it is illegal. Bitcoin will not die because lot of investors and traders will affect when it will happen.

Fatanut
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November 09, 2017, 05:08:49 AM
 #579

I remember the old post back then that kind of hit me a little so I'm going to share it with you guys. When PBoC banned bitcoin or wanted to regulate it or whatever, the price of bitcoin decreased a lot. People thought that it was the end of bitcoin because it was believed that China has the major part of the whole bitcoin community. But, it only took a couple of days for bitcoin to get back to its feet. From that we can conclude that China isn't as big as what we thought. I've read a quote saying, "Only when the tide goes out do you discover who's been swimming naked" by Warren Buffet.

China can do whatever the hell they want but at the end of the day, they cannot change the fact that bitcoin has already been scattered all over the world. If ever they sell their bitcoins once again, it will just be a regular dump day for bitcoin users and they will even enjoy it since they can buy bitcoins for a lower amount. It's even a good thing because it makes bitcoin more decentralized since there's not a single country that's being feared of because they hold a lot of bitcoins.

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ongels
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November 09, 2017, 05:10:50 AM
 #580

No way, Hahahaha, as you see the trend of btc at the present, Perhaps China will surely amazed how it recover's to move on to the top and break the records over the past performance.
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