Will Bitcoin Die Because of China?

[ken0203]

Bitcoin will continuously operate and have a bright future even without the presence of China since they have already banned bitcoin exchange in their country. I think mostly all countries will legalise bitcoins in future as many countries had already legalised them like Japan,India and many more.This drop is only temporary cause of China banning ICOs, bitcoins will rise again soon.

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[zeze18]

In my opinion,Bitcoin will not die just because of China,of course this is a topic we should know.
Bitcoin is decentralized, I think if only because china alone,this will not make Bitcoin will die and even the government also not necessarily can turn off Bitcoin.
China just want to destroy Bitcoin by not legalize Bitcoin in the his country,but if one day China use Bitcoin, what you think ?.

[Lang09]

Well probably not. The Bitcoin industry is not only circulating in China. Bitcoin now is a worldwide so China cannot defeat or kill Bitcoin

[bugiman]

China is responsible for less than 1% of trading, I read somewhere.

[ennovy22]

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?

You ask a question the you've answer it already. Anyways, it's a no. Look at the value as of today, it keeps increasing even though China left Bitcoin. Bitcoin will continously rise without relying to any big contibutors. Though they banned bitcoin in they country and it made it's value became lower, it is just part of adjustments. It means that China is one of the biggest and richest contributors in the whole crypto world. But now look at the value/rate of bitcoin, it is really surprising!

[turtoro]

Within the period of globalized Internet economy, individual government authorities don't have authority and power to act against a decentralized forex like Bitcoin. Even when The fareast will go out from the game it might get slow the rise of Bitcoin's price, but it will never ruin Bitcoin. All scenario on the world marketplace is displaying us that presently Bitcoin is distributing over the world and wins more and more coronary heart, the situation of China is just like an exception, which doesn't perform the entire tend.

[Laurayaki]

China is a very big economy, but bitcoin can survive without China

[DrYe5]

China is a very big economy, but bitcoin can survive without China

It's great that you can find out so much about what is happening in other parts of the world. As you can see, Bitcoin is constantly evolving and news about it is already in the world.

[pri3oner]

China is not the only one who is involved in crypto game right now so their exit is not a distruction at all for bitcoin but it will affect it won't be dangerous though

[Ayiranorea]

China is a very big economy, but bitcoin can survive without China

It's great that you can find out so much about what is happening in other parts of the world. As you can see, Bitcoin is constantly evolving and news about it is already in the world.

The bitcoin popularity keeps on counting through different forms. Recently through the ransomware attack bitcoin got attention from a large scale of people around the world. China being a major player in the entire digital currency network has a big role during the early days of growth. Upon this thinking surely based on the stand taken by China bitcoin will be affected to some extent but the same won't make a big impact.

[EdenAquis]

Among the Asian nations, China holds most of the market for advanced cash. Because of this, when some financial defeat in the nation or some type of crumple occurs in China, it straightforwardly influences the computerized money organize. In light of reality behind, I trust China will lead the system crossing over the managing an account framework alongside advanced monetary standards. China never lets or clear path for the bitcoin demise.

[abhishekkapoor]

Bitcoin has been through many barriers to claim the present position. Even with the news , China is totally ban Bitcoin but it's still being a great curren after all. So i think China is nothing to Bitcoin.

[acener]

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 do't think so. The fact that not only China is the only country that entertains the whole idea of bitcoin. There are still countries that utilizes and encourages the use of bitcoin. So, I highly doubt that bitcoin will just die because of one country. China may have the biggest population, but not all people use bitcoin.

[FeArZ]

Not in the least it will never happen on the grounds that some different nations like japan, Australia and some European nations have acknowledged bitcoin and there are a few nations which are endeavoring to acknowledge bitcoin in light of the fact that bitcoin is assuming a major part in their economy so there is no impediment of bitcoin in any nation and to be straightforward when china prohibited bitcoin it turn out to be more solid and capable than any other time in recent memory.

[qianliwen888666]

Do not think, bitcoin will continue to develop. Light prices you see, since China banned, it soared from 2700$all the way up to 8000$, the future does not rule out 10000$, go a wave of Daniel

[pokerjet]

We know that China is very effective on Bitcoin. If China wants, it could make Bitcoin's prices worse. I think that although China has banned Bitcoin, it has yet to make a clear decision about which digital money it will support.

[azker]

As should be obvious now nothing will murder bitcoin regardless of how enormous or little the nation is, it will never slaughter bitcoin. The first run through China intends to boycott ICOs and digital currency trades in the nation everyone freezes simply like the apocalypse, yet that was evident in light of the fact that bitcoin has right now demonstrate the world it's actual potential in a matter of seconds by any means! Bitcoin is back more grounded than at any other time like never observed, completely recouped and prepared to set the new unequaled again yet again

[ace4549]

Even though china is the best place for copying the ideas of other. Still they are not a threat in the journey of bitcoin and will not obsolete in future. No matter what other companies do the bitcoin’s good foundation and principle makes them unique from everybody. The increasing of value of bitcoins in the market gives them more confidence and perseverance to work hard for the success of the company. The experience their go through is the company’s strength  to become unbeatable and unstoppable in electronic banking industry.

[Sm0kingKriIIs]

China's banned BTC and all sorts of cryptocurrencies may be temporary, to appease de companies and hardcore communist members in front of the upcoming Communist Celebration conventionChina's big government and banks cannot tolerate Bitcoin. It intends their lifestyle, because it was once designed in a piece right here that's in the long term, although, when BTC can switch the yuan in everyday transactions, so that as a fiscal asset.iworldw

[furry04]

china bans the btc because if its population becomes rich they will not have cheap labor anymore as well as control over huge society. Even if it bans the btc there will be market for it in any case.