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Author Topic: Are We Dead Without China?  (Read 15108 times)
Kevondo
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September 22, 2017, 03:45:06 AM
 #341

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.

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September 22, 2017, 04:04:39 AM
 #342

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 cheaper electricity cost for mining helped lot of people in china to gain profit from mining, which is not possible in the other part of the world. If mining will get a ban, then there will be some fair amount of trouble in market again. But what had happened till now (i.e the banning of ICO and banning the crypto exchange sites without license) is not that much which can collapse the whole market. But it made people panicking, and that created the downfall.

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September 22, 2017, 04:11:31 AM
 #343


There is no need to put the china in such great position because they don't deserve it. They have been always pain by fluctuating the bitcoin by pumping and dumping of it. We have seen that many times in the past and why would we even care about regretting these country to get away from bitcoin world.


It's not like that, whether they can't control the bitcoin economy or other crypto currency but it's all about they just don't wanna take up the mess of hackers, illegal projects etc. That's good for them anyway.


China might be affecting us but not for long period of time. It could be just few months but not more than when the situation will be back to normal.





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September 22, 2017, 04:18:11 AM
 #344

we all know China is a superpower nation, 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.
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September 22, 2017, 04:19:40 AM
 #345

 Bitcoin is a cryptocurrency, it might hard for us right now but then we should not worry to the future, China is only just 20% I guess so we only have 80% left which is more important.. bitcoin wont stop, cryptocurrency is unstoppable!
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September 22, 2017, 04:25:49 AM
 #346

This is more bad news from Bitcoin, whose price started to fall after China's regulators said they would ban all ICOs (initial coin offerings) in the country. that's why bitcoin is starting to go down and down, but for me its FUD News..
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September 22, 2017, 04:26:54 AM
 #347

It's unclear whether there are plans, as some have speculated, to re-launch cryptocurrency exchanges in China under new rules, or the ban is permanent.
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September 22, 2017, 04:27:40 AM
 #348


There is no need to put the china in such great position because they don't deserve it. They have been always pain by fluctuating the bitcoin by pumping and dumping of it. We have seen that many times in the past and why would we even care about regretting these country to get away from bitcoin world.

It's not like that, whether they can't control the bitcoin economy or other crypto currency but it's all about they just don't wanna take up the mess of hackers, illegal projects etc. That's good for them anyway.

China might be affecting us but not for long period of time. It could be just few months but not more than when the situation will be back to normal.

Any negative news that is happening in china, makes the global bitcoin market go down and need a long recovery. so far we are spoiled by the ease and contribution of developers, bitcoin users and investors from China so there is a strong dependence on the global, if we get used to it without them from now on, long-term effects will be great for bitcoin development. During this time china only take advantage of momentum, but now I think they really seriously reduce the volume of bitcoin in their country.

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September 22, 2017, 04:30:23 AM
 #349

Bitcoin price falls again, China is shutting down local exchanges.. is it Bitcoin manipulation? we all know China is a powerful country, the global market is affected when China bans bitcoin. well in the long run China will embrace bitcoin.. i mean it!
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September 22, 2017, 04:30:42 AM
 #350

Dead without china?? You must be kidding. Without the participation of cons, things will be even better, these guys can no longer control the mining and create trouble with Bitcoin

                                 
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September 22, 2017, 05:17:02 AM
 #351

We would not die if we no china. China has the greatest influence on the crypto market but without them we are still live.
Think positive and the storm surge will pass, we have beautiful days.

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September 22, 2017, 05:18:59 AM
 #352

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.

i think its not, (hoping its not too) , as you mentioned, bitcoin is a decentralized and it would be hard for the government to make intervention in it, so its not a big deal that these chinese government (probably millions of Bitcoin owners and traders) can totally affects and bring down the bitcoin in to his death. yes china is one of the big whale in bitcoin, but not just china can affects bitcoin in society, they are more big whales in the other country who totally supporting bitcoin, so even without china bitcoin not come/near into his death.

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September 22, 2017, 05:55:48 AM
 #353

We would not die if we no china. China has the greatest influence on the crypto market but without them we are still live.
Think positive and the storm surge will pass, we have beautiful days.

This is 100% totally right don't be fool and scared we can live in this world without china help!! Oh yes china has a great & powerful county, economy, technology & influences in cryptocurrency world but china cannot end up the Bitcoin always think positive in your mind there's a lot of country that accept and invest in bitcoin don't be panic in negative news happen in china right now this is only in a short period and bitcoin can be recover.

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September 22, 2017, 06:23:40 AM
 #354

We would not die if we no china. China has the greatest influence on the crypto market but without them we are still live.
Think positive and the storm surge will pass, we have beautiful days.

This is 100% totally right don't be fool and scared we can live in this world without china help!! Oh yes china has a great & powerful county, economy, technology & influences in cryptocurrency world but china cannot end up the Bitcoin always think positive in your mind there's a lot of country that accept and invest in bitcoin don't be panic in negative news happen in china right now this is only in a short period and bitcoin can be recover.


Of course not,although china contribute a lot doesn't mean bitcoin will falldown.Many big countries is now adopting this digital currency.Just be optimistic about btc because we are now living in a digital world.

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September 22, 2017, 07:22:18 AM
 #355

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

this is probably the only good thing coming out of all this and it is not a small reward either.

IF Chinese really ban bitcoin as the FUD suggests and they exit bitcoin for good (trading, mining, ....) there will be some temporary disturbance in the market and probably last less than a month but after that we will never have any issues like what we have experienced with Chinese FUD for years and years!
and with them gone we will have smoother rallies and more logical rise and falls instead. like what we had earlier this year when China was 100% out of the market with their exchanges closed for the first time.

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September 22, 2017, 07:31:46 AM
 #356

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.

bitcoin would still be good with out china
china cant banned bitcoin its all bluff , if they do then they have given the opportuinity
china is big but small if compare to the rest of the world

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September 22, 2017, 08:05:59 AM
 #357

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

They might still have a few tricks in store. There are rumors that an OTC trading ban is on the table. That means it would be impossible for Chinese miners to legally liquidate BTC to pay their bills. There are also rumors that the government might simply take over major mining operations. Presumably that would be bullish for Bitcoin in the long term.

There's also that leaked report about blocking the BTC network within China (subjecting it to the Great Firewall). Lots of FUD here, so I wouldn't say the manipulation is done with quite yet.
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September 22, 2017, 08:13:11 AM
 #358

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.

I don't think bitcoin will be dead without China at all. However, it is true that China was the powerhouse of bitcoin and other crypto currencies as well due to the failure of their government to provide a decent income to all. So Chinese people looked for other options to survive and thrive. That is the reason why we have seen a lot of Chinese money coming in to bitcoin.

However, with China's exit and stringent government norms, bitcoin market is receiving a shock and as a result, the price is going down. We are not sure about this current downward trend and we don't know when it will stop. However, once the Chinese money is filtered out of bitcoin, the fall will stop and we will have a stronger base to return back. The fall will eventually stop and it will give the rest of the world an opportunity to score bitcoin at a very low price to make super profit.   

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BreakingSlow
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Speculation is easy


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September 22, 2017, 08:19:26 AM
 #359

We would not die if we no china. China has the greatest influence on the crypto market but without them we are still live.
Think positive and the storm surge will pass, we have beautiful days.

We won't die if china does ban bitcoins. Because bitcoin is around the whole world. And china will definitely allow bitcoins again in the future.
So we just have to believe in bitcoin and wait.

This is 100% totally right don't be fool and scared we can live in this world without china help!! Oh yes china has a great & powerful county, economy, technology & influences in cryptocurrency world but china cannot end up the Bitcoin always think positive in your mind there's a lot of country that accept and invest in bitcoin don't be panic in negative news happen in china right now this is only in a short period and bitcoin can be recover.


Of course not,although china contribute a lot doesn't mean bitcoin will falldown.Many big countries is now adopting this digital currency.Just be optimistic about btc because we are now living in a digital world.
MostafaGamal
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Ecf.digital


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September 22, 2017, 08:20:49 AM
 #360

no i didn't think that , bitcoin can still be good with out china , also i didn't think china will block bitcoin .

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