Are We Dead Without China?

[pereira4]

Well last time I checked we recovered in an all-time fast record of $1000+ in a matter of hours and we are sitting comfortably at $4000 now, so no, we don't need dog-eating degenerate working-drone chinks to pump the market in order for us to win. We will win with or without chinese money in the game.

I've seen Wall Street Journal and similar repeating the same news for the past few days trying to further crush the market but is not working. Everyone on china already dumped and every speculator in the rest of the world already did their moves. I don't see how it's all nothing but green lights to go to the next ATH now.

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[assyla]

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.

China is a rich country and Yes, some minings and other bitcoin activities are happen in China. But it will may continue because I think that the bitcoin user may use other address so that the flow of the bitcoin may continue or may go to other countries so that they may continue their bitcoin activities.

[iram3130]

I feel it's just a temporary set back not permanent and China needs to think about what they're doing with their economy right now otherwise other countries will definitely welcome cryptocurrencies with open arms and China will have to suffer in Long run.

[Stijn35]

absolutley not, not ideal though. But wait until newyear, curious to see posts then on this topic :-)

[jaocoincrypto18]

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.

China tried to manipulate and control bitcoin buy banning it last weeks thru many Chinese investors are selling their bitcoins but they failed because all coins now as we can see for this week value trend average is stable and rising. So i say lets change the flavor how bout bitcoin will ban china for investing so that there is no more obstacles for the bitcoin progress and see who really can be manipulated? They must be thankful because no one can dictate bitcoin.

[Astarnia]

I do not think everyting it's about China. For the moment, bitcoin is a market in grow and it is without China.

[Latviand]

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.

We can survive without CHina though it has surely given Bitcoin and other countries something to think about when CHina banned it on its borders. THe most important thing though is that we try to further bitcoin on our countries sphere of influence. That way we can try to make China rethink and maybe try to overshadow the doubt that people had on Bitcoin when its stockl declined after Bitcoin was banned on China. We can still make Bitcoin great again.

[s31joemhar]

NO and never!! As i said in other thread even the whole world ban the bitcoin but there  a single country left.. Even that one is the poorest... Bitcoin will be there and alive... It will be the richeat country too.. Look on what happened to china? They banned bitcoin but what people did?went to japan and continue doing bitcoin.. Right? You cant stop bitcoin ! It is now well known

[rivoke]

NO and never!! As i said in other thread even the whole world ban the bitcoin but there  a single country left.. Even that one is the poorest... Bitcoin will be there and alive... It will be the richeat country too.. Look on what happened to china? They banned bitcoin but what people did?went to japan and continue doing bitcoin.. Right? You cant stop bitcoin ! It is now well known

I'm just concern about country that have legalized but for some reason they forbid bitcoin just like China did , of course I hope that this will not happen

I do not think everyting it's about China. For the moment, bitcoin is a market in grow and it is without China.

Japan and South Korea really play they role to control bitcoin market at the moment
I'm sure more country will join them to legalize bitcoin as well

[pearlmen]

As at the last time I checked, I think we are still doing pretty ok and the backing out of China from bitcoin is not doing a very big damage. So we are not dead yet and with several countries ready to fall in line with the exist of China, I think the day to die has been shifted forward indefinitely. Rejoice people we are moving forward.

[Genkotsu]

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.

other than china we have big market in asia like japan.

[taxmanmt5]

Chinese aren't the owner of bitcoins neither they can control it. China have a market with much crypto currency but its not mean they're the owner of everything. We can still survive without China. I really feel pity for china as they making moves to abandon bitcoins. On the other hand if they had thought positive about bitcoins, by this time they could be the ruler in bitcoin world. They are surely missing their chances here.

[MostHigh]

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.

We are not done or dead without. China. The chinese market is huge and important to btc but whatever happens btc will recover maybe not at the pace we know it but it surely get the 5000 mark in December. Am sure of that

[Harriti]

no man, we still do our activity like we do here
maybe bitcoins price down cause it, but it will be rise again

Exactly that! Chinese ban is nothing but to get everything under their regulation so that they can control it. I still believe its a temporary show on portfolio and you may notice it already bounce back.

It is temporary only, I am sure that! Because in this month, the whales and big boy do not have any reason can make us feel panic while the momentum growth of Bitcoin very strong, therefore, they need to have a reason is enough influence to make us panic after heared.

[SilentNightElf]

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/

LOL, I think below 20% may depend on China business, but for OP Bitcoin will survive without china also. We are too looking for future development of Bitcoin in India, however still need RBI to approve everything. I am not sure what is happening in my country.

China had some low cost labor, electricity and no taxes for them, so this is the reason for holding business.

Exactly, can't wait for them to just ban it already and get it over with, instead of dangling it in our faces 24/7

[jatin729]

No, This is myth, You can see what is happening around,
China is not a part of bitcoin right now

Chinese aren't the owner of bitcoins neither they can control it. China have a market with much crypto currency but its not mean they're the owner of everything. We can still survive without China. I really feel pity for china as they making moves to abandon bitcoins. On the other hand if they had thought positive about bitcoins, by this time they could be the ruler in bitcoin world. They are surely missing their chances here.

I agree with you, Bitcoin is still alive and growing.

[Jovovich]

No, This is myth, You can see what is happening around,
China is not a part of bitcoin right now

Chinese aren't the owner of bitcoins neither they can control it. China have a market with much crypto currency but its not mean they're the owner of everything. We can still survive without China. I really feel pity for china as they making moves to abandon bitcoins. On the other hand if they had thought positive about bitcoins, by this time they could be the ruler in bitcoin world. They are surely missing their chances here.

I agree with you, Bitcoin is still alive and growing.

Not entirely cause somehow bitcoin should at least have someone or another country to at least make huge impact for the btc. China is a major issue for the btc and until september 30. It still undecided how btc would actually proceed.

[Sithara007]

We are not done or dead without. China. The chinese market is huge and important to btc but whatever happens btc will recover maybe not at the pace we know it but it surely get the 5000 mark in December. Am sure of that

The 5K mark may be reached immediately after the 2 MB block size activation, but any new action in China can seriously affect the prospects of reaching that level. And it is not just China. Even if Russia bans the exchanges suddenly, we will be facing the same situation. And imagine what will happen, if the United States ban Bitcoins.

[Lenzie]

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.

Totally. Most of the depression of bitcoin do not came from chinese but partly to the people who read the news and feeding and panicking about news of the banned ICo in china or the exchange site closing. China is clearly manipulating them. China is a great manipulator they also done that on Africa's mining stock market, a lot of holder panic sell and end up losing what they have in exchange huge holder in china bought a lot on the price depression and boom, it all became a history lol. Now, if a lot of holders continue feeding themselves in this news we are going down. Let's not repeat that again. We are definitely not dead without china, we are dead if we listen to them.

[Wickedwitch28]

I think bitcoin can survive without china. Yes, we all know that china is a huge country and a lot of investors but they only have 20% of the whole world and 80% is from different countries. Maybe it's not good for us to tolerate this kind of manipulation.