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Author Topic: Are We Dead Without China?  (Read 14739 times)
Omega Weapon
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September 19, 2017, 01:14:46 AM
 #221

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.

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September 19, 2017, 01:22:55 AM
 #222

The people in China is very smart. I think they have removed their asset to oversea company which is not under supervision by China government.
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September 19, 2017, 01:23:24 AM
 #223

This post didn't age well!  Grin

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September 19, 2017, 01:42:24 AM
 #224

Now Japan become biggest crypto currency market
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September 19, 2017, 01:48:07 AM
 #225

All governments and central banks are against cryptos.
I think we will see a lot of turbulence in bitcoin. Does anyone sells VIX options on cryptosGrin
Almost all govt against crypto why? Cryptocurrencies will take some of tha bankers bread. That's why they don't want to loose their income. It is about money ok.

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September 19, 2017, 01:52:57 AM
 #226

It's a fact that Chinese people got most of the Bitcoin exchanges, miners and etc etc. It used to get effected by Chinese traders. We aren't dead without china it's the fact that crypto market will surely get effected by it but soon we will learn to be Independent from it.

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September 19, 2017, 01:54:59 AM
 #227

In my opinion i do think that this ban did affect bitcoin but i wouldn't say that bitcoin would not survive without china coz as we can see right now bitcoin still stands tall after the ban is proclaimed

sasaku bitbit
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September 19, 2017, 01:55:22 AM
 #228

It's true China State influence to the greatest as investors bitcoin is originated in China so it probably will be weak bitcoin but I think Japan also has some of the best and professional investors so as to make bitcoin back rising from the ugliness that has been happening. then rapidly increasing price bitcoin it means we are not going to die without China. Smiley Wink

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September 19, 2017, 02:02:29 AM
 #229

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.
In my own opinion, bitcoin will not be dead because of china even china is one of the largest users of bitcoin there is no possible chance that bitcoin will die because of them and there are still many countries who uses bitcoin, even the price of bitcoin decreases because of them it is still continues to increase.

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September 19, 2017, 02:05:10 AM
 #230

It's true China State influence to the greatest as investors bitcoin is originated in China so it probably will be weak bitcoin but I think Japan also has some of the best and professional investors so as to make bitcoin back rising from the ugliness that has been happening. then rapidly increasing price bitcoin it means we are not going to die without China. Smiley Wink
the fact that btc is recovering from it's dips last week,then we can say btc can live and continue without Chinese investors, they can be the caused of fast increase of btc but they are not the one country wgo can do it there are mpre who trusted btc now.


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September 19, 2017, 02:16:57 AM
 #231

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.

I don't think that China is the biggest market for Bitcoin. My guess is that the United States is at #1, with the European Union at #2. And I think that Japan is at #3 followed by China at #4 and Russia at #5. So it is not like we can't survive without China. But we should keep one thing in mind. China provides more than 70% of the hash power for Bitcoin mining. 

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September 19, 2017, 02:27:28 AM
 #232

why should we die? is it because china has been banned ICO? please understand and be observed that users and players bitcoin is still a lot also dinegaralain, not only in china alone, therefore we do not fear the rules of China, I think they just want to reduce the price of bitcoin so they can buy and pda when the price up again then they will get huge profits in sales
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September 19, 2017, 02:28:15 AM
 #233

I believe that bitcoin will stand whatever tests any country would give. It is such a diversified currency that gone are the days when the concentration of bitcoin is in China. There are now a lot of other countries that are making it clear that bitcoin is now part of the economic system, even if it is a just small part. And with things going more and more digital, going against it would just be a step backward into development.


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September 19, 2017, 02:30:02 AM
 #234

I don't think so.. although i believe that most share are hold by the chinese, but i don't think all will sell it off.. some will thinks that is a good opportunity to buy in more as the prices drop ya.
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September 19, 2017, 02:36:39 AM
 #235

It's true China State influence to the greatest as investors bitcoin is originated in China so it probably will be weak bitcoin but I think Japan also has some of the best and professional investors so as to make bitcoin back rising from the ugliness that has been happening. then rapidly increasing price bitcoin it means we are not going to die without China. Smiley Wink
the fact that btc is recovering from it's dips last week,then we can say btc can live and continue without Chinese investors, they can be the caused of fast increase of btc but they are not the one country wgo can do it there are mpre who trusted btc now.
Yes and infact even without china it can survive the ICO are the one who banned but not the currency but even if it is banned currency we can still go even without china. Yes china have big influence and powerful country but I believe bitcoin can survive there is a lot of reason that can proof that.

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September 19, 2017, 02:39:22 AM
 #236

China has become the powerhouse for Bitcoin (and the whole cryptocurrency in general) as it is hosting many Bitcoin miners due to cheaper electricity and maybe also cheap labors. China also boasts of probably millions of Bitcoin owners and traders who are influencing the moves of the market on day to-day basis. As far as acceptance of Bitcoin in China, it is comfortably good until such time when the government decided that it is time to intervene.

In general, the Chinese government is not comfortable with Bitcoin as it indeed representing a different currency that they can not control with. since Bitcoin is decentralized it would be hard for the government to make interventions and so they are thinking that maybe it is time to ban it altogether. The government can not kill Bitcoin but what they are doing is actually closing the country as a market for Bitcoin.

So the question is: Can Bitcoin survive without China? In case, it can't then then there is something wrong with it since it is not resilient to ride the big storm it is in.
Who is China? LOL. They are not the biggest players in bitcoin. Who cares if they ban ICOs in their place? Bitcoin doesn't care. Anyone who is saying that bitcoin is a FRAUD (I can't remember that guy's name, tho) has a personal motive - maybe, he is planning to buy a lot of bitcoin once bitcoin price drops. I think, that is also the plan of China. These are all parts of a BIG PLAN. Well, if you surrender your bitcoins, then I'm sure you'll regret it in the end.

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September 19, 2017, 02:51:45 AM
 #237

Lol this whole bullshit "China is banning bitcoins" is already priced in at this point. We're down 30%± and I highly doubt that 30% of bitcoins are even owned by Chinese people. You think every single Chinese person sold? That's a joke. There are massive bitcoin farms and tons of bitcoin supporters. It can't be stopped. They were way too late.
Yet, China is a bug part in bitcoin development becasue China is a big country which more people could do a bug part of transaction in terms of investments, trading that move the stock of bitcoin or any other form of crypto-currency in the market. We all know that the system of Bitcoin is a part of the principle of law of price and demand where the people who support Bitcoin is a vital part for its development.

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September 19, 2017, 02:52:25 AM
 #238

I think, which is bitcoin is very popular. So BTC are not dead without china.

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September 19, 2017, 03:04:06 AM
 #239

China has influence, but Bitcoin will survive without China
i'm not sure they will close the country as a market for Bitcoin, i think the government ban is temporary
Of course it will, we accept that China have a huge contribution toward bitcoin and it could affect bitcoin community when they are totally out of crypto. But still a lot of country supporting bitcoin that's why a big chances that it will rise again. Investors and traders won't let bitcoin gone for just a single reason, and they probably fight for because it is a big money for them.

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September 19, 2017, 03:05:34 AM
 #240

Definitely not. China might be a very huge player in bitcoin mining, market and trading but China getting out of the picture would not be enough to kill bitcoin. There are lots of countries and nations that are supporting bitcoin and I think they are enough to keep bitcoin from collapsing.

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