Will Bitcoin Die Because of China?

[Teo2015]

I guess no. Even if China is so big, it can not even control the bitcoin.

[Lorin]

Bitcoin will not die if China banned it.As of now Bitcoin is now growing it's popularity despite of some fake news coming out.Even China ban it more people are more engage using bitcoin.Yet still China has a big contribution in using Bitcoin it will not affect Bitcoin on how people use it.Because people are the one who decide if they gonna use it or not.

[Human_Copy]

Bitcoin won't be gone because of china. Yes they may be big contributors. Lots of mining farms. They will affect the market but it won't make the bitcoin go away.

[obinine]

Figure china didn't blame why bitcoin fall. Since china didn't trot out bitcoin. He only 1 of the massive nation hold bitcoin. In any case, its not mean bitcoin can fall. Its only 1 nation. There area unit half nation holding bitcoin. different area unit bitcoin let that why its larva major ordeal to fall in exactly one nation

[NABILA AKTER SHILA]

Bitcoin will never die due to China's sanctions. Because Bitcoin has been created for the whole world. If China does not use Bitcoin, Bitcoin will not be affected. Because one country is not using it and using many more countries. If Bitcoin prices decrease, then it will be re-priced at the desired price. Because many people are earning from Bitcoin. In this way, Bitcoin will continue in the era of yug era.

[shoujiuhaituo7]

I think this is a joke. Currently, China has banned the trading of ICO and intends to close the exchange.

But it does not affect people's use and investment in bitcoin, which is technically impossible to ban.

You can close your country's exchanges, and you can't shut down other countries.

China cannot prevent people from using and investing in bitcoin.

[fortuneteller]

Ofcourse NOT, but given the fact that China is a very huge country and has a very huge number of people this will somewhat affect the number of bitcoin users, bitcoin investors and people who demands bitcoin. Furthermore, may result to decrease the value of bitcoin.

[cllo78]

I think that China will affect at least some of Bitcoin's market effects and it will not cause bitcoin's failure. After all, Bitcoin's market is worldwide, and it is unlikely that the bitcoin will collapse because of the ban on individual countries.

[hrz]

will not die bitcoin just because china forbids bitcoin, very many other countries are playing bitcoin even investors in other countries strongly support bitcoin, our hope chinese can legalize bitcoin.

[Xester]

Ofcourse NOT, but given the fact that China is a very huge country and has a very huge number of people this will somewhat affect the number of bitcoin users, bitcoin investors and people who demands bitcoin. Furthermore, may result to decrease the value of bitcoin.

The issue on China banning cryptocurrency happened a year ago already and up to now bitcoin is still alive. Though the banning of bitcoin in China has caused a huge dump among holders and has contributed to the price fall of bitcoin. But as of now China is no longer affecting the bitcoins value but the banning of facebook, google and soon twitter have played a detrimental impact on bitcoins value.

[Yorikis]

I think that after some time China will allow  to use bitcoin in their country. The government will not want to lose potential income.

[Telybin]

China is planning to ban bitcoins and other virtual currencies on the domestic market. This creates a huge shock for investors in the virtual currency market in China as well as in the world, leaving the BTC in China at risk of dying, while China is a fertile country. market development. cyptocurrency
Bitcoin prices have fallen sharply due to the move of the country, which accounts for most of the currency investors.

[dangwapo311]

I know because of china's recent move will definitely affect bitcoin greatly but that doesn't mean that because of that bitcoin will die. Yes china is a big loss but there are other countries out there that still supports bitcoin. Bitcoin is just too popular to just die out like that. We may have lose china but I know somehow we will find a way.

[kokobaba880]

I believe that china is not the one who will die bitcoin because of many news the Chinese government will did a lot contribution to the bitcoin and the bitcoin is also famous there and the big mining of bitcoin is there in china because of low electricity cost and because of these things we can not blame china for this purpose bitcoin is the growing currency it will not die but the countries will start regulations for bitcoin.

[Jimmy palumbo]

Obviously not, although China still has some impact on the whole cryptocurrency market.
However, this effect is not particularly large, so there is no need to worry too much about it.

[Omparkash72]

I do not think so China has major role in the upcoming of bitcoin.lot of people in China have invested in bitcoin and Chinese are doing bitcoin mining at a very large scale.so if China ban bitcoin, this will definitely affect the market, the market definitely crash because of ban on crypto currency in China. But after that market will again reach at their best due to other countries, who still in favour of bitcoin.  But this process will take time

[sjyku]

Bitcoin certainly will not die because China has banned ico and closed the exchange. China is only part of the large community of bitcoin. Although China is a huge loss in the Bitcoin community, it has the largest Bitcoin investors and a large number of Bitcoin users.

[CAPT.DEADPOOL]

I think someone else china wants to ban bitcoin but other people in china want to beat bitcoin because they know there is a future in their bitcoin

[DoublerHunter]

I think someone else china wants to ban bitcoin but other people in china want to beat bitcoin because they know there is a future in their bitcoin

Even though there are people that wants to get into bitcoin and to use bitcoin as a means of payment in their country, the government is still in charged to do the orders and laws that will be followed by the people that are living in that country and in china, their government ordered to ban the cryptocurrencies so they can't do anything but to follow.

[Harrow30]

Though a lot of Bitcoin hodlers originated from China, the tide has turned and we now having a shift as the Bitcoin has circulated round the world. It has gained full grounds and outgrown China itself meaning it can thrive without China.