Will Bitcoin Die Because of China?

[Tumanggor]

I don't think it will happen. Bitcoin is a big market in China. As China's policy is suppressing the virtual currency, the market will have an impact. But it will not affect the trend of bitcoin development around the world.

whether or not being acknowledged by a country has no impact on Bitcoin, Bitcoin will only die if no one else buys it, and that is impossible  

[hgkcoin]

Bitcoin can not die, but will not die in China. China's unilateral ban on bitcoin will have an impact on the Bitcoin market but will not result in the death of bitcoin. The Chinese government also holds bitcoin, but the quantity certainly will not let us know, so Bitcoin can not die in China.

[mr.niwangz]

China is known in the richest countries and is highly populated by bitcoin users.If the china government plans to ban bitcoin, bitcoin does not die because many countries have higher demand for bitcoin if they combine countries that use bitcoin and investors continue to engage in.It is unlikely that bitcoin will die because it is still known worldwide and it's so popular.

[putrisa]

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 might happen if china drains the bitcoin out in the world then bitcoin will stop circulating because bitcoin is already controlled by china, i hope that will not happen, bitcoin not to die.

[dg2010]

The goverment can ban Bitcoin but they can make it die. There are also many other countries accept cryptocurrency such as Cannada, Japan, USA,...So, Bitcoin never die

[bisnisali04]

There are several factors that make the Chinese government prohibit bitcoin, namely:
- Bitcoin prices are hard to control, not like regular money
- Easy to use for fraud, because the transaction is difficult to trace.
- Bitcoin can damage the investment world, because of the bubble.
If the above factors can not be overcome, I guarantee that any time the Chinese government and other state governments will not accept bitcoin officially.

[hchc12011]

I don't think it will happen. Bitcoin is a big market in China. As China's policy is suppressing the virtual currency, the market will have an impact. But it will not affect the trend of bitcoin development around the world.

You can make money with investing in a few years. You can make money in a few months if you are lucky and the prices rise high. You can see that bitcoin is now rising so it will not die because of China. Many people thought that it would die these are weak people who don't know anything about bitcoin. Bitcoin can still go on without china because there are still many countries that has an optimistic views regarding bitcoin.

[Nenni]

I think bitcoin will never die, even though china is one of the biggest countries that contribute to bitcoin, Bitcoin will still exist because apart from china there are many countries that have legalized it, although now the price is dropping due to some issues, but if to death a very unlikely thing

[eshak15]

I don't think so.Because in this world there are above 200 countries.one nation does not eliminate the bitcoin from the world by the banding the coin in that nation.So,my answer is no.

[peter.from.penn]

Look at the market now.  Even with the Bitcoin exchange ban in China, Bitcoin and cryptocurrencies are thriving.  With decentralized exchanges of the future, it will be impossible to ban cryptocurrency trading anywhere in the world.

[sidebyside]

are not . I do not think bitcoin will not die easily by China because China does not use bitcoin. It does not make the bitcoin disappear. Bitcoin not only exists and grows in a country but also in many different countries. The bitcoin network is widely distributed.

[satria2]

It's impossible with one country to make it all die of dislike of Bitcoin. this is unnatural

[bitcoinVPSD]

I certainly do not. We have found that the development of bitcoin from the beginning to the present time has demonstrated that bitcoin is not dominated by an organization or government. China bans bitcoin I think it will affect a bit with bitcoin but not make bitcoin disappear

[TheTichman]

Hardly. China might be a big market, but not as big as one might think. There might be many people in China, but only so many with internet connection, knowledge of Bitcoin and the funds to invest or mine. I don’t think this will be a major issue.

[BagzMM]

China has a big contribution on the success of bicoin. They have the biggest market in Asia. The decision made by China government makes Chinese sad.
Without China bitcoin will continue his dominance in cryptocurrency. More people from other countries will replace that market shares from China. Popularity is increasing everyday thru social media. By end of this year another record will be reach by bitcoin price.

[senin]

The facts show that as soon as China announced last September its intention to impose restrictions on the crypto currency, bitcoin immediately began its insane growth to $ 20,000 in its value. And it is still normal without China, despite the fact that the imposed restrictions have not been lifted yet. The recent drop in the price I would not associate with the next bad news from China and South Korea. If this influenced the course of bitcoin, then quite a bit.

[Amelial]

I don't think so bcos many people in the world do btc and many countries allow the btc.

[frery]

Encrypting money is a promising technology, just as you said that China is a major contributor to growth and if China uses bitcoin it will surely have a huge impact on the market. However, this does not mean that Bitcoin will die out without the Chinese market.

[daniweb]

If China gives up on bitcoin it will surely go down a bit but not for long. There are plenty of countries in the world to keep bitcoin up

[phucngungoc]

Not possible, although China is a great power. The restriction of bitcoin only causes the price to drop bitcoin for a short time, I do not think bitcoin can be dead. Fine and still allow the use of bitcoin