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Author Topic: Are We Dead Without China?  (Read 14702 times)
iphone5s
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September 19, 2017, 12:57:57 PM
 #261

China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.

That right, do not worry so much about the information that china doesn't like bitcoin.

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September 19, 2017, 01:01:00 PM
 #262

Bitcoin is decentralized, currently bitcoin market share is about 65 billion USD and this is a huge market share, many people say that china is the biggest user of bitcoin but in fact the chinese government banned bitcoin, if true china depends on the price of bitcoin drop below $ 1000, but this is not proven because the bitcoin price is $ 4100.

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September 19, 2017, 01:23:42 PM
 #263

Bitcoin is decentralized, currently bitcoin market share is about 65 billion USD and this is a huge market share, many people say that china is the biggest user of bitcoin but in fact the chinese government banned bitcoin, if true china depends on the price of bitcoin drop below $ 1000, but this is not proven because the bitcoin price is $ 4100.


China plays a big contributor of bitcoin holder and other cryptocurrency world wide, but i don't believe that all of that coin can really sold. Even if they banned bitcoin right now, we can still survive because it could be a strategy of china to make panic other bitcoin holder to sell with a low price and show that they are not interested but to collect some coin.

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September 19, 2017, 01:26:34 PM
 #264

I dont think so. Without china we can still live because bitcoin unstopcable.
We know that still many countries support bitcoin. So bitcoin will not dead only because chine banned bitcoin. We can see the price bitcoin not fall down too far. Now the price is rise up again. It prove that bitcoin will still alive

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September 19, 2017, 01:35:34 PM
 #265

I dont think so. Without china we can still live because bitcoin unstopcable.
We know that still many countries support bitcoin. So bitcoin will not dead only because chine banned bitcoin. We can see the price bitcoin not fall down too far. Now the price is rise up again. It prove that bitcoin will still alive

I agree that bitcoin will still continue even without the aid of china and even if the price suffer from that news we are seeing the price rise back again, I also thought that it is only a fake news that china would ban bitcoin, and I think that china is still gaining bitcoin and china has the biggest miners through out the world so I might say that china will not back down in this opportunity in earning with bitcoin.
julius caesar
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September 19, 2017, 01:39:43 PM
 #266

Code:
Re: Are We Dead Without China?

Hahaha

Are you crazy??

This is a huge bus and there are so many passengers on the way, they are waiting for their bus to come..

If Chinese would like to get off!! Please go ahead, there are more on the way to take that sit sir;)

I agree in fact bitcoin's value is getting higher again it just mean we can still move forward with or without China. Probably a great loss but eventually people will get used to it and bitcoin will raise again and forum users may get their profits again.

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September 19, 2017, 02:17:58 PM
 #267

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Re: Are We Dead Without China?

Hahaha

Are you crazy??

This is a huge bus and there are so many passengers on the way, they are waiting for their bus to come..

If Chinese would like to get off!! Please go ahead, there are more on the way to take that sit sir;)

I agree in fact bitcoin's value is getting higher again it just mean we can still move forward with or without China. Probably a great loss but eventually people will get used to it and bitcoin will raise again and forum users may get their profits again.
With or without china, we can still survive in cryptocurrency market because the world is too big for the bitcoin to be worried of being gone of one country that supports bitcoin. We can still depend on the other big countries for the support in bitcoin so we don't need to worry about the things that we are currently facing now.

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September 19, 2017, 02:26:31 PM
 #268

Absolutely not, it is not only the Chinese people are the investors of bitcoin but that was the effect on the fall down that is why bitcoin has fallen for a few days but they can not defeat bitcoin.

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September 19, 2017, 02:30:07 PM
 #269

The Chinese government, which is all about centralization, is flexing it's muscles right now.  The elections are coming up soon.  When the president is re-elected, I expect the mood will change.  Communism is about control.  Crypto is the opposite of that.  The fact that governments and large multinational corporations are railing against cryptocurrencies is a GOOD sign that they are scared.  They know they can't control it!

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September 19, 2017, 02:30:35 PM
 #270

China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.

20% of what market?
Trading, mining, day to day usage?

If it's trading, I don't give a damn about it.
We all know how the chinese fake volume, how they did it and how they still do. So that 20% might be in reality 2%.
Mining? We can survive with a single avalon miner doing it's job. More than 5% of the blockchain was mined with a single cpu.

Day to day usage? I haven't yet read something about that from China.
Not a single piece of news about a market chain or a restaurant adopting bitcoin payments.
I might be wrong but I doubt there is day to day usage there as there is in Us or Eu.

The Chinese government, which is all about centralization, is flexing it's muscles right now.  The elections are coming up soon.  When the president is re-elected, I expect the mood will change. 

Elections?Huh  China?Huh

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September 19, 2017, 02:43:46 PM
 #271

I might be not sound logical, but yeah, there was a great investor who said, "IF chine banned anything just stock it for the long run" . i dont recall the name and the exact quote. but, that was the sense he made. which i dont mind to follow. i am thinking to invest in btc only if i see it to the valuation of $2000.
and yeah, i will stock it for the long time for sure.

"Bitcoin never dies" - thats a felony

Regards. ;-)

zelga93
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September 19, 2017, 02:48:08 PM
 #272

No, like you saw the bitcoin price now is 4000$. It only gonna shock bitcoin the price for only moment.
And in asia still have big exchange like in Japan, Korea, and maybe Indonesia

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September 19, 2017, 03:02:28 PM
 #273

Definitely not!!! China can only affect market price of btc considering  there are too many chinese are engage in btc trading but making btc dead with out china, its impossible. BTC start with out china and it will still exist even china will totaly ban it.

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asifur tonmoy
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September 19, 2017, 03:37:46 PM
 #274

No we not. I don't thinks so. LOL chaina  Tongue Tongue Tongue Tongue Tongue Tongue
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September 19, 2017, 06:12:17 PM
 #275

I thought the idea was that bitcoin was distributed and any person company or country would not have a detrimental impact on it - power to the people and that type of thing?
It's true. The only thing a country like China can do is impact the price by selling their share. They can't kill Bitcoin, they can't stop it from growing.
We could see how much we're worth without china in the recent correction. We lost about $1000 and that was it. Bitcoin is still worth more than it was last year.

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September 19, 2017, 06:47:28 PM
 #276

China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.
There are a lot of other countries who knows about bitcoin that its existing in their country but still they are quite if chain banned bitcoin in their country
so it doesn’t bring any decline on it bitcoin is still alive are working properly so to say we will be die without china it’s totally wrong.

silent17
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September 19, 2017, 07:14:03 PM
 #277

China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.
There are a lot of other countries who knows about bitcoin that its existing in their country but still they are quite if chain banned bitcoin in their country
so it doesn’t bring any decline on it bitcoin is still alive are working properly so to say we will be die without china it’s totally wrong.
that is true, not because china is a big country doesn't mean it can bring down the arising bitcoins traders. Many of the country today are adapting this kind of currency and still ongoing. so it think we don't need to worry about anything.

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September 19, 2017, 07:15:51 PM
 #278

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.

The name of creator is "Stashi Nakamoto" is like a Chinese name, this is why i think thy have the power to crack down the bitcoin and even the others crypto-coin
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September 19, 2017, 07:20:40 PM
 #279

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.
Banning bitcoin within the vicinity of China to its people is really a great lost that affects the bitcoin price rate a couple of days ago. Although China has one of the countries who hold the greatest stock in the bitcoin industry, we cannot fully say that the banning of bitcoin in their country can make bitcoin dead because China was just a part of many countries around the world who caters the shares of bitcoin investments. Bitcoin can still recover from that scenario and it will take just time to do it.

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September 19, 2017, 11:41:46 PM
 #280

No because price is 4000 again and it is just begin
A bit NO is also here. No doubt that currently 80% revenue of bitcoin is depended on china business but it will not be in future as because bitcoin is going very popular in other countries like India, Australia, Malaysia, Indonesia, Afghanistan, Pakistan, Dubai, UAE etc. I think bitcoin is going to be declared very soon being a global currency. In future counties will need bitcoin nor bitcoin will need counties/

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