Bitcoin Forum
July 20, 2018, 05:25:00 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 »
  Print  
Author Topic: Are We Dead Without China?  (Read 16700 times)
Sithara007
Legendary
*
Offline Offline

Activity: 1148
Merit: 1013


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
September 21, 2017, 02:10:22 AM
 #321

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.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1532107500
Hero Member
*
Offline Offline

Posts: 1532107500

View Profile Personal Message (Offline)

Ignore
1532107500
Reply with quote  #2

1532107500
Report to moderator
1532107500
Hero Member
*
Offline Offline

Posts: 1532107500

View Profile Personal Message (Offline)

Ignore
1532107500
Reply with quote  #2

1532107500
Report to moderator
1532107500
Hero Member
*
Offline Offline

Posts: 1532107500

View Profile Personal Message (Offline)

Ignore
1532107500
Reply with quote  #2

1532107500
Report to moderator
Lenzie
Sr. Member
****
Offline Offline

Activity: 462
Merit: 253

★Adconity.com★


View Profile
September 21, 2017, 02:32:06 AM
 #322

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.


                                      ▄._       
                                       ▀█████████▀ 
                                     ,▄▓████████   
                                ╓▄▓███████████▀   
                           ╓▄▓███████▀╙.  ▀█     
                      ▄▄▓███████▀╙▄▄▄▄███         
                 ▄▄▓███████▀╙▄,  ▓███████         
           .▄▄▓██████▀▀╙▄▄▓████▌ ████████         
      .▄▄███████▀▀╙▄▄  ▐███████▌ ████████         
 .▄▄███████▀▀ ▐▄▄▓████ ▐███████▌ ████████         
╙█████▀▀▐▄▄▓  ████████ ▐███████▌ ████████         
 ╙▀ ▄▄▓█████  ████████ ▐███████▌ ████████         
    ████████  ████████ ▐███████▌ ████████         
    ████████  ████████ ▐███████▌ ████████             
ADCONITY
Wickedwitch28
Member
**
Offline Offline

Activity: 195
Merit: 10


View Profile
September 21, 2017, 03:05:56 AM
 #323

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.

M O Z O   //   ▶  $31M RAISED!   ▶  PRE-LISTED on Coinrail   ▶  $450k Bounty Tradable on 8/8/18
●          ●                VERSACE & 38,000 Stores are accepting MOZO TOKENS                ●          ●
●          ●         WHITEPAPER     MEDIUM     TELEGRAM     ANN THREAD         ●          ●
Reez
Full Member
***
Offline Offline

Activity: 408
Merit: 101


Presale is live!


View Profile
September 21, 2017, 03:11:26 AM
 #324

We are not dead without China. Bitcoin is decentralized and if centralization occurs well Bitcoin will figure out a way to become more decentralized. It always does.

Roman Abraham
Member
**
Offline Offline

Activity: 116
Merit: 100



View Profile
September 21, 2017, 10:12:03 AM
 #325

I think China is just one of the biggest trading centre in the world, and if we see that there are so many countries that are the biggest bitcoin markets other than China, such as Japan, South Korea and so on, and this is still in Asia, there are many more big countries outside Asia that became the centre of Bitcoin's development. So I think it would be a mistake to say that bitcoin will die without China.
jubalix
Legendary
*
Offline Offline

Activity: 1834
Merit: 1002


View Profile WWW
September 22, 2017, 01:02:21 AM
 #326

even a cursory look at BTC's history has seen many "bans" by china on BTC, the PBOC and friends routinely come out and BAN or similar to BTC etc.

It is amazing to see that people still react to this in almost anyway.


I suppose there must be a lot of new entrants who have not lived through the history of BTC.


Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
randal9
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500



View Profile WWW
September 22, 2017, 01:22:41 AM
 #327

I think China is just one of the biggest trading centre in the world, and if we see that there are so many countries that are the biggest bitcoin markets other than China, such as Japan, South Korea and so on, and this is still in Asia, there are many more big countries outside Asia that became the centre of Bitcoin's development. So I think it would be a mistake to say that bitcoin will die without China.
Though China has a big impact in the value of bitcoin but I think we will still come far even without them, in my country almost hundreds of users and investors is increasing in a day because  the word of mouth is so powerful, they have been curious about it and tried it and satisfied with the outcome, with that they share this to their love ones and friends and so on.


NEUROMATION

▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
    █▄     
    ███▄   
    ██▀██▄ 
█▄   ▀  ▀██▄
███▄      ██
██▀██▄    ██
██  ▀██▄  ██
██    ▀██▄██
██▄     ▀███
 ▀██▄  ▄  ▀█
   ▀██▄██   
     ▀███   
       ▀█   
▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
....Distributed Synthetic Data Platform for Deep Learning Applications....
▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬▬▬▬▬▬ ● ● ● ● ▬
Facebook LinkedIn Twitter White Paper Reddit YouTube Medium
▀▀
██
 
██
   
██
   
██
   
██
   
██
▄▄
8270thNinja
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
September 22, 2017, 01:43:23 AM
 #328

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.
Yes, I mean look at it do you think China is the only one that supports the bitcoin system? Once China is out on Bitcoin community and Bitcoin System, This will open more opportunities for some miners to create their own rig and start earning. THEY.CANNOT.KILL.BITCOIN. as long as there are community support that will continue to support the Bitcoin System, Bitcoin will still continue with the bully Chinese government.
cabitu
Member
**
Offline Offline

Activity: 143
Merit: 10


View Profile
September 22, 2017, 01:58:02 AM
 #329


I still believe there is nothing to worry about in this case, we keep trying, thinking smart, good at seeing opportunities. The speed and accuracy in acting it is necessary to get great results through bitcoin, passion and success for all of us

Realist247
Full Member
***
Offline Offline

Activity: 154
Merit: 105


View Profile WWW
September 22, 2017, 01:58:12 AM
 #330

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.
Yes, I mean look at it do you think China is the only one that supports the bitcoin system? Once China is out on Bitcoin community and Bitcoin System, This will open more opportunities for some miners to create their own rig and start earning. THEY.CANNOT.KILL.BITCOIN. as long as there are community support that will continue to support the Bitcoin System, Bitcoin will still continue with the bully Chinese government.

This is backwards logic.  Eliminate nearly 2 billion people from the equation and you expect BTC to rise?  Stupid stupid stupid.
supto005
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250



View Profile WWW
September 22, 2017, 02:03:38 AM
 #331

As a my opinion it's a Big NO!! I don't think everything it’s about China. For the moment, Bitcoin is a market in grow and it's without China. According to the latest rumors China’s bitcoin exchange ban does not impact crypto to crypto trading. If the world still wants Bitcoin, the world will still have bitcoin.  Smiley



      ████
      ████
▄██████████████   █████▄▄     █████  █████████████████  ██████████████▄  █████       █████
███████████████   ████████    █████  █████████████████  ████████████████  █████     █████
█████             █████████   █████        █████                  ▀█████   █████   █████
█████████████     ██████████  █████        █████                  ▄█████    █████ █████
█████████████     █████ █████ █████        █████        ██████████████▀      █████████
█████             █████  ██████████        █████        ███████████▄          ███████
█████             █████   █████████        █████        █████  ▀█████▄         █████
███████████████   █████    ████████        █████        █████    ▀█████▄       █████
▀██████████████   █████     ▀▀█████        █████        █████      ▀█████▄     █████
      ████
      ████
██████████████▄
██          ██▀█▄
██  █████   ██  ▀█▄
██  █████   ██    ▀█▄
██  █████   ██████████▄
██                   ██
██  ███████████████  ██
██                   ██
██  ███████████████  ██
██                   ██
██  ███████████████  ██
██                   ██
███████████████████████
[]
mharz
Sr. Member
****
Offline Offline

Activity: 336
Merit: 260


View Profile
September 22, 2017, 02:07:40 AM
 #332

I think China is just one of the biggest trading centre in the world, and if we see that there are so many countries that are the biggest bitcoin markets other than China, such as Japan, South Korea and so on, and this is still in Asia, there are many more big countries outside Asia that became the centre of Bitcoin's development. So I think it would be a mistake to say that bitcoin will die without China.
Though China has a big impact in the value of bitcoin but I think we will still come far even without them, in my country almost hundreds of users and investors is increasing in a day because  the word of mouth is so powerful, they have been curious about it and tried it and satisfied with the outcome, with that they share this to their love ones and friends and so on.
Of course no, we cannot die without China maybe we experience to suffer for short period of time but we were not die. Because there's a lot of rich country which is enrolled to bitcoin society, I think if the China loosen up the bitcoin community I'm pretty sure that there's a lot of country taking over their position. On the other side we are need to admit that escaping of Chinese country to crypto currency world had large impact to all users.
Realist247
Full Member
***
Offline Offline

Activity: 154
Merit: 105


View Profile WWW
September 22, 2017, 02:10:22 AM
 #333

I think China is just one of the biggest trading centre in the world, and if we see that there are so many countries that are the biggest bitcoin markets other than China, such as Japan, South Korea and so on, and this is still in Asia, there are many more big countries outside Asia that became the centre of Bitcoin's development. So I think it would be a mistake to say that bitcoin will die without China.
Though China has a big impact in the value of bitcoin but I think we will still come far even without them, in my country almost hundreds of users and investors is increasing in a day because  the word of mouth is so powerful, they have been curious about it and tried it and satisfied with the outcome, with that they share this to their love ones and friends and so on.
Of course no, we cannot die without China maybe we experience to suffer for short period of time but we were not die. Because there's a lot of rich country which is enrolled to bitcoin society, I think if the China loosen up the bitcoin community I'm pretty sure that there's a lot of country taking over their position. On the other side we are need to admit that Chinese country had large impact into the crypto currency world.

If a country is not backing its currency by gold, it can and will become dirt poor overnight.  How many countries are willing to back their currency by gold other than China?  If you can answer this you know who are the truly wealthy nations and those whose wealth is a hoax.
Sithara007
Legendary
*
Offline Offline

Activity: 1148
Merit: 1013


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
September 22, 2017, 02:18:35 AM
 #334

As a my opinion it's a Big NO!! I don't think everything it’s about China. For the moment, Bitcoin is a market in grow and it's without China. According to the latest rumors China’s bitcoin exchange ban does not impact crypto to crypto trading. If the world still wants Bitcoin, the world will still have bitcoin.  Smiley

Dude, the China ban had its effect. You can't say that it didn't had any impact, because the prices have now stabilized at around 15% lower than the pre-ban levels. But this time, the impact was more limited in nature. If you remember, in 2013 we had a 30% crash in just 2-3 days after there were rumors that China was banning the Bitcoin.

yorklab
Full Member
***
Offline Offline

Activity: 212
Merit: 105


View Profile
September 22, 2017, 02:30:38 AM
 #335

Bitcoin doesn't need China. Too many countries/organizations are embracing Bitcoin now. If the Chinese mining is shut down, then mining will start up elsewhere. Bitcoin will take a dive at first, but it will come back up and then some. Besides, I guarantee you, most of the big Chinese players in bitcoin will find a way to continue.

Privacy coins may become the coin of choice for many now in China.

Raegorl
Full Member
***
Offline Offline

Activity: 140
Merit: 100


★Jetwin.com★


View Profile
September 22, 2017, 02:32:23 AM
 #336

Bitcoin doesnt rely on China - not in any country for a matter of fact. We will survive through this FUD and grow stronger because of it.

supto005
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250



View Profile WWW
September 22, 2017, 02:47:26 AM
 #337

As a my opinion it's a Big NO!! I don't think everything it’s about China. For the moment, Bitcoin is a market in grow and it's without China. According to the latest rumors China’s bitcoin exchange ban does not impact crypto to crypto trading. If the world still wants Bitcoin, the world will still have bitcoin.  Smiley

Dude, the China ban had its effect. You can't say that it didn't had any impact, because the prices have now stabilized at around 15% lower than the pre-ban levels. But this time, the impact was more limited in nature. If you remember, in 2013 we had a 30% crash in just 2-3 days after there were rumors that China was banning the Bitcoin.

you are right dude. i got the points. Thanks your information.

      ████
      ████
▄██████████████   █████▄▄     █████  █████████████████  ██████████████▄  █████       █████
███████████████   ████████    █████  █████████████████  ████████████████  █████     █████
█████             █████████   █████        █████                  ▀█████   █████   █████
█████████████     ██████████  █████        █████                  ▄█████    █████ █████
█████████████     █████ █████ █████        █████        ██████████████▀      █████████
█████             █████  ██████████        █████        ███████████▄          ███████
█████             █████   █████████        █████        █████  ▀█████▄         █████
███████████████   █████    ████████        █████        █████    ▀█████▄       █████
▀██████████████   █████     ▀▀█████        █████        █████      ▀█████▄     █████
      ████
      ████
██████████████▄
██          ██▀█▄
██  █████   ██  ▀█▄
██  █████   ██    ▀█▄
██  █████   ██████████▄
██                   ██
██  ███████████████  ██
██                   ██
██  ███████████████  ██
██                   ██
██  ███████████████  ██
██                   ██
███████████████████████
[]
yugyug
Sr. Member
****
Offline Offline

Activity: 462
Merit: 256



View Profile WWW
September 22, 2017, 03:07:07 AM
 #338

China's bitcoin dominance existence only after 2014 during the time when the ASIC minings proliferated, before long ago China's participation to bitcoin was inferior and majority of mining power came from European region which own almost 50% that time but still bitcoin still active whithout China the only reason why some European unable to dominate bitcoin mining power is due to electricity cost. Even without China Bitcoin can still survive, we can shift from other countries for mining operation and trading, Bitcoin is so portable in speaking of its infrastructure to mine.

▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
MOZO
|||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
38,000 STORES are
accepting MOZO TOKENS

vipgelsi
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000


View Profile
September 22, 2017, 03:08:13 AM
 #339

Good thing is china now has no more manipulations. Unless they make it ilegal to own bitcoin in china.
Kevondo
Sr. Member
****
Offline Offline

Activity: 602
Merit: 250


View Profile
September 22, 2017, 03:45:06 AM
 #340

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.
I am not going to be agreeing with this because it is quite impossible yet maybe china is playing a big role in the popularity of the bitcoin and they were the biggest investors of the bitcoin but the crypto world is too much wide that can never die that simply. A lot of other countries also invest and use bitcoin may be the price of the bitcoin will suffer a dump when they will ban the bitcoin but it will increase in the very short time once again.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!