Are We Dead Without China?

[LazyJones]

Honestly, given the problems dealing with all the Chinese ASIC dealers, somebody could set up shop on CONUS and make ASIC's here and probably do way better than the Chinese developers. Production delays and board problems seem to be a major issue.

[pucunghul]

although the impact of China is very strong about the news and prohibitions. but bitcoin will continue to survive and will remain strong even without China. proven bitcoin now, value rises up again. can we see without china bitcoin stay victorious.

[cynical]

We seem to be getting mixed signals about bitcoin and China. Are they actually trying to ban it? The recent actions only affected the price temporarily it is good again

[Victorycoin]

China holds 20% of total btc. Bitcoin won't die from one move itself l, but if China can ban it soon other countries will try to ban it aswell. So if more countries get motivated by this move by China and impose a similar ban then Bitcoin will soon go down.

You might like to recall that China also tried to ban Bitcoin and even though Bitcoin wasn't half as popular as it is today, yet they only ended up popularizing Bitcoin the more. This time around, I think they are fighting a losing battle because Bitcoin was created with situation like this in mind. Bitcoin is fast maturing and demand for it can only remain on the increase, because it meets specific financial challenges.

[GreatOrchid]

I think that China was one of the first protagonists in Bitcoin Scene, allmost all the news that i heard about bitcoin were born in China, or the chinese community, so it is a huge loss for sure, but we have to admit that maybe this is the perfect time to make bitcoin rise in another markets, like those countries that have never heard about bitcoin. We need to expand ourselves. Crypto's needs to be showed to everyone

[achmir]

f*** China, it will not affect btc in a long run. Bitcoin will reach $10k witching the next 2 years.

[gabmen]

I think not. Though the news recently did affect btc and let's admit it, china is a pretty big btc market. But btc has support as we all know. Look at it now as it recovered back to 4k. I think one positive news from china would have bitcoin shooting to 5k in a short time

[Adykingcity]

Bitcoin users are not just Chinese, there are still many people who use bitcoin, it's only natural that they have sold their coins now, because they always buy bitcoin when the price is cheap, and now it's their turn to sell the coins

[hazard101]

No. But we are affected badly and we will come up again, if they are not there.

[YED]

i don't think that , i m sure that btc will reach 8000 $ at the end of this year .

[fitriyanti]

I think not, it affects very big chin in the world crypto, on the contrary China will be very loss if not participate in this world crypto.karena for the future of world trade will be filled with payment instrument in the form of crypto

[hardiyanto]

china has no effect on the bitcoin world. though many contributions from this country, we will stay alive and blossom without it

[redoykhan]

No we are not dead without chaina.Facebook is blocked in chaina? many country support cryptocurrency.That's why we are alive.

[hirokazu]

Nope, crypto currencies is always alive since there are so many people loves them. Chinese is just a little part on the world. So, without or not it will not change anything, there are many others.

[anon4250158]

Given that the price has already started to recover from the last bit of news out of China, I'd say that bitcoin will be fine.  I've said before, if China shutters mining as well as ICOs and exchanges, the biggest miners will simply pack up and go elsewhere- they can afford it.  The smaller operations might have and issue, but the point is that bitcoin will survive.

[valisa]

we will not die without China, although in the absence of chinese will be a bit influential, because China is one of the countries with the strongest economy. I hope the Chinese government changed its mind and co-authorized crypto curancy later on.

[malboroman]

I do believe that there will be a great change once bitcoin will run without those Chinese investors due to their volume of holdings of bitcoin which is said millions of bitcoins, but I guess due to its being decentralized bitcoin will not be control and cannot be manage by who ever it is even if Chinese government ban it still they cannot recognized whether the holder of bitcoin is Chinese or not, so I guess we do not need to worry.

That is true. They cannot control bitcoin flows and ownership due to anonymity.

[Gontxi]

bitcoin is able to pass a critical period even without the role of china involved. this is why bitcoin can survive through a variety of exposure. already proven and we have seen is not it? and now we see the bitcoin value rising again.

[Kisanaq]

Believe me, bitcoin users is global and very large, although many news that says china is the biggest, but I'm sure bitcoin will not die because china, look at the fact the bitcoin prices are stable and will soon rise up to 10k this year.

[Omega Weapon]

Not dead but crippled as it seems, there is no need to deny the fact that China has a lot of influence in cryptocurrencies and their markets but how far they

Will be able to manipulate the prices? currently the 24 hours volume for Bitcoin only is $3 billion dollars who is buying these Bitcoins and why? I think there

Is a reason for it. they know that exchanges will get their licenses in a few weeks from now and they'll be free once again to trade crypto that's why they're

Buying now accumulating for the future to earn billions without even leaving their offices or doing anything other than clicking on buy orders.

This is what a lot of people do not seem to understand, when the price goes that low that is not the moment to sell, only someone that is in panic will do something like that, if you wait instead and use your spare money to invest in bitcoin when there is a dip then you will make some easy money when the price of bitcoin returns to normal, just look at the price, it is as if nothing had happened.