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Author Topic: Are We Dead Without China?  (Read 15113 times)
Jovovich
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September 21, 2017, 01:41:25 AM
 #321

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.

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Sithara007
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September 21, 2017, 02:10:22 AM
 #322

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.

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September 21, 2017, 02:32:06 AM
 #323

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.

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September 21, 2017, 03:05:56 AM
 #324

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.

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September 21, 2017, 03:11:26 AM
 #325

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.

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September 21, 2017, 10:12:03 AM
 #326

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.
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September 22, 2017, 01:02:21 AM
 #327

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.


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September 22, 2017, 01:22:41 AM
 #328

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.


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8270thNinja
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September 22, 2017, 01:43:23 AM
 #329

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.

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September 22, 2017, 01:58:02 AM
 #330


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

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Realist247
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September 22, 2017, 01:58:12 AM
 #331

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.
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September 22, 2017, 02:03:38 AM
 #332

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
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September 22, 2017, 02:07:40 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 escaping of Chinese country to crypto currency world had large impact to all users.

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Realist247
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September 22, 2017, 02:10:22 AM
 #334

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.
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September 22, 2017, 02:18:35 AM
 #335

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.

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September 22, 2017, 02:30:38 AM
 #336

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.


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September 22, 2017, 02:32:23 AM
 #337

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
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September 22, 2017, 02:47:26 AM
 #338

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.

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September 22, 2017, 03:07:07 AM
 #339

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.

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September 22, 2017, 03:08:13 AM
 #340

Good thing is china now has no more manipulations. Unless they make it ilegal to own bitcoin in china.

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