Will Bitcoin Die Because of China?

[xhoondilan]

I dont think Bitcoin will be gone due to China regulation in there government. Since it will be just in there country but there are a lot of countries that are patronizing bitcoin. Even some of the banks in other country are accepting bitcoin as there deposits. I dont think it will die because of China.

[Bitcoincole]

I dont think Bitcoin will be gone due to China regulation in there government. Since it will be just in there country but there are a lot of countries that are patronizing bitcoin. Even some of the banks in other country are accepting bitcoin as there deposits. I dont think it will die because of China.

Specifically no, bitcoin can survive even without China that's the big answer to that. China is not they only nation that has many investors in mining due to low cost of electricity bill. Many people have involved in mining even in a small country it contains many users to that. And we are dealing with the whole world.

[chrismarie1221]

Without china i think bitcoin will be live because china is not the only main source of mining.  But i think the production of bitcoin will be decrease.

[imteaz]

Well China is one of the power house but Bitcoin can survive without China. As long as Korean friends are okay

[Crislyn4116]

I think from the answer of this question is china cannot stop bitcoin because many country's using bitcoin if china stop using bitcoin there are many country's using bitcoin...Bitcoin is independent they can grow without china..

[aannnttoo]

china doesn't have any control in bitcoin although China has illegalized the ICO. At this time China is not the whole bitcoin market. It does not significantly affect crypto-currencies.

[Granslam]

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 think china now is laughing now because they buy a lot of bitcoin when they said that they will banned this bitcoin in they country before the value of bitcoin is too small some people scared about before so even without china bitcoin can live with a high value.

[Duogembrot]

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?

it could also be because in China the company that mined bitcoin is no longer small but big scale, but if the bitcoin dies it seems impossible because china has legalized bitcoin and bitcoin to be a valid payment instrument.

[primeminer]

it could happen because China is the biggest investor if China people leave Bitcoin I think Bitcoin will come back as in 2012.

[Sithara007]

Poor Chinese Bitcoin users are caught up between the devil and the deep sea. After the Chinese government banned the exchanges there, they were using the exchanges in South Korea and Hong Kong. But a few days back the South Korean government banned Chinese nationals from the local crypto-exchanges.

[katarin2030]

china doesn't have any control in bitcoin although China has illegalized the ICO. At this time China is not the whole bitcoin market. It does not significantly affect crypto-currencies.

The answer is no, even though China is a huge country with worlds highest population BC will not die because of China Still, many more BC using countries are there. And the most important thing is BC is not dependent on any country as it is decentralized currency, no worries for China banning the usage of Bitcoin.

[senin]

As we can see, bitkoyn feels rather well without China and for some reason it was from September 30, when the Chinese government announced its intention to limit the circulation of its crypto currency, bitkoyn began to grow very much in price. Now they even speculate that next year the bitcoat rate can reach $ 500,000 precisely because the Chinese can not bring their bitcoins to the international market, the offer has decreased, and allegedly because of this bitkoyn has so increased in price. Therefore, we very well survive without China, the crypto-currency market without it is simply thriving.

[Nivir]

As we can see, bitkoyn feels rather well without China and for some reason it was from September 30, when the Chinese government announced its intention to limit the circulation of its crypto currency, bitkoyn began to grow very much in price. Now they even speculate that next year the bitcoat rate can reach $ 500,000 precisely because the Chinese can not bring their bitcoins to the international market, the offer has decreased, and allegedly because of this bitkoyn has so increased in price. Therefore, we very well survive without China, the crypto-currency market without it is simply thriving.

I do believe that there are a lot of Chinese there that holds significant amounts. Nonetheless, Bitcoin is decentralized and don't just depend on any country or nationalities.

[musliyevich]

it could happen because China is the biggest investor if China people leave Bitcoin I think Bitcoin will come back as in 2012.

no simply miner can move them investment to japan,South Korea and and euro countries.

it will check on price only

[Budening]

I think bitcoin will not die if chinesse abolish the rules of cryptocurrency because not just from chinesse the investor of cryptocurrency, any a big investor from other country, such as a japannesse, jermany, russian and etc.
But chinesse have a big chance for change about the price of token from hardfork.

[Ruri Kurosaki]

I think .. It wont die, because bitcoin was not created in China, ICO was not made in China and even altcoins are not came from China. Europe and America are the big factors of circulating the crypto currency and Asians bitcoin euthusiast are not depending of China even chinese can use vpn network in order to keep in touch with the bitcoin. So i say it is very impossible that China can destroy bitcoin. It wont die, because bitcoin was not created in China, ICO was not made in China and even altcoins are not came from China. Europe and America are the big factors of circulating the crypto currency and Asians bitcoin euthusiast are not depending of China even chinese can use vpn network in order to keep in touch with the bitcoin. So i say it is very impossible that China can destroy bitcoin. 

[conceivedspoon2]

For now Only China and less than 5 countries of the world today rejected the face and operations of bitcoin. Meanwhile the populations of these countries  is not up to the entire world. So, China does not have anything to do with whether btc dies or not. They may not even be in the picture when Satoshi had this concept. Bitcoin will not die because of China and other countries's policies.

[blckhawk]

it could happen because China is the biggest investor if China people leave Bitcoin I think Bitcoin will come back as in 2012.

I don't think bitcoin will die. Yes, we know that China has the biggest contribution in terms of terms of adoption but as we remembered China has been already banned the bitcoin once but there's no rumored that bitcoin has died. Rather, it goes up continuously and become enormous. That is why bitcoin is unpredictable.

[Treshkilling]

Seems to me, and news, some hint that China is back on the cryptocurrency market, but even if we assume that China will not return to the market, I think it's still going to go up

[yuxuzzz]

Stupid question. Why do you think China will destroy Bitcoin? Actually, China has admitted cryptocurrency as an investment product months ago, at the same time, Bitcoin is still illegal in most contries around the world.