Will Bitcoin Die Because of China?

[Rostock]

I think that China's withdrawal from this world's web will reduce the price of many coins, but it's impossible to really kill Bitcoin and other Altkoins.

[Gabriellefull]

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?

Bitcoin does not die from China. Bitcoin is global in nature, and it does not refer to China transactions. China banned the bitcoin  fair influence on the bitcoin , but does not make bitcoin death, it will have bad effect on the bitcoin , the bitcoin of the prices, but will get well soon

[cyruh203]

bitcoin is very popular anywhere in the world. even if the price is not stable but still it will not die just because of china. many countries are welling to support bitcoin even without china.

[bilal_jan321]

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 boycott has already given huge space for Japan to come up as CC leader. It was after China ban that in Dec 2017, BTC touched 20k USD. It doesn't matter whether some country is in favor or against CC.

[SergeYak]

I don't believe that can happen to bitcoin just because of China. A lot of different big bitcoin players still in game and they are really strong.

[Bessta]

i am always positive that Bitcoin will stay no matter China or Indonesia or other country ban bitcoin. It was  strongly established and been successful and many countries are into bitcoin. I believe it will evolve more as the financial world is adapting to cryptocurrencies because the world is moving forward everyday. Yes bitcoin can stand without government intervention though it will become more acceptable if it is regulated by the government to prove its legality to the public.

[Considered]

The more the governments and the regulators tried to put a squeeze on bitcoin, the more we see that bitcoin is actually resilient. So don't worry about China. Bitcoin will never die because of China.

[andieoke]

such a large country as China does influence the development of Bitcoin in the World, but not because a rule in the country of China could cause the death of Bitcoin around the World. because in fact Bitcoin actors in the world are very influence on the life of death of Bitcoin it.

[Wong Gendheng]

I don't believe that can happen to bitcoin just because of China. A lot of different big bitcoin players still in game and they are really strong.

Agree that with or without china then bitcoin will be like this, everything will improve and the price will not be stopped because the number of users other than china is bigger, if there is a price reduction I'm sure it will not be long because many countries will receive bitcoin like japan, korea south and so on.

[Jembut Ireng]

Based on a lot of information that china is the biggest bitcoin user, if their government banned bitcoin then user will go and transfer bitcoin assets to family or friends in other countries like Hong Kong, Taiwan or more that accept bitcoin.

[lionhearted]

china is only one country out of all the country in the word. so if china isnt partaking, it wont stop the existence of cryptocurrencies

[Doni Ariyanto]

I think bitcoin will not be affected. I mean Bitcoin users are not just Chinese nation and even the whole world every country its people must know what bitcoin is. I'm sure it will not have any impact because one country forbids it.

[avia]

Bitcoin doesn't just exist in one country but to a lot of it, basically global with investors all over the world. So no, bitcoin won't die because of china. Though china may have contributed to bitcoin but it doesn't actually hold a huge part of it. It may har an effect on bitcoin but it would just be minimal.

[ralph_0608]

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 will only slow down the progress of bitcoin in a short period of time but for totally dying the bitcoin it is impossible. med of 2017 china announce they will ban bitcoin and other crypto currency it cause massive sell down but after a couple of weeks it rebounds and continuously surge.

[haster100]

No way, in the international market many countries other than China are participating and using the platform of bitcoin so it will not die because of China. Other sources are there to increase the popularity and usage of bitcoin so wouldn't be a problem without China

[RioAnjay]

Bitcoin is not only in china, there are many countries that use it, and many people invest with bitcoin, and in my opinion bitcoin will keep running as there are still many countries that support it.

[Ludmilla_rose1995]

I'm sure bitcoin will still run and can be improved without china if most states legalize bitcoin and another cryptocurrency. it took some time to provide a first crypto education to the younger generation and will slowly be legalized by several major countries.

[ggg123]

Probably the answer is no. The Chinese government is really interesting, sometimes it’s impossible to understand them. Of course, every state's plans and interests are constantly changing. In the crypto world China's influence is huge and somehow affects the market so much but still it’s not enough to end bitcoin.

[cutiecez05]

No, bitcoin will not die just because of China.. Bitcoin is worldwide now so it is already strong and tighten.. Especially when bitcoin become legal it will really be successful!

[serferbali]

I think all negative actions of China against cryptocurrencies of course negatively influence to Bitcoin and market. But i think that talk about Death of Bitcoin it is not right, China is not the alone country on the Earth.The activity of China's government just shows us that blockchain technology works and do for what it was done.