Bitcoin Forum
November 23, 2017, 06:16:07 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   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 »
  Print  
Author Topic: Are We Dead Without China?  (Read 14991 times)
Teraboy
Hero Member
*****
Offline Offline

Activity: 574



View Profile
September 24, 2017, 01:37:28 PM
 #381

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 big country with a lot of people. They hold 20% Bitcoin. If BTC is banned in China, then this will not affect the market. Only 15% to date BTC depressed.
Do not panic we are sure crypto will not be unstoppable.
I think it's more than 20% of bitcoin are in the hands of China. As we observed the sudden dump of bitcoin in the past days because of banning all cryptocurrency in China, it signifies that their country is a huge contributor of all cryptos. And probably they hold a large numbers of bitcoin compared to the countries, but still we won't afraid of that because there are more countries supporting bitcoin and it will rise again.
Now china have nothing, all those bitcoin are migrating to other countries, china has lost control over "a little affect" to bitcoin and now we are, having more stable price of bitcoin than when the regulations of china were about to came out.
They're now no more than ordinary country with bitcoin users but with more strict rules.

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
      ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Eugenar
Sr. Member
****
Offline Offline

Activity: 305



View Profile
September 24, 2017, 01:40:41 PM
 #382

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 banning ICOs and Bitcoin exchange is indeed a loss for crypto community. It resulted to continuous dumpa that made the cryptomarket fall. But as what we are seeing, Bitcoin is slowly climbing its way up after the downfall and that's good especially if it will continue. Which proves that Bitcoin can still survive without china. Bitcoin still has a large community that provides high market demand to make its market value, high.

██
█║█
║║║
║║║
█║█
██
'BTC MULTI-WALLET SOON'
▬▬▬ Download WHITEPAPER ▬▬▬

                    ▄██▄
                  ▄██████▄
                ▄██████████
              ▄██████████▀   ▄▄
            ▄██████████▀   ▄████▄
          ▄██████████▀    ████████▄
         ██████████▀      ▀████████
         ▀███████▀   ▄███▄  ▀████▀   ▄█▄
    ▄███▄  ▀███▀   ▄███████▄  ▀▀   ▄█████▄
  ▄███████▄      ▄██████████     ▄█████████
  █████████    ▄██████████▀    ▄██████████▀
   ▀█████▀   ▄██████████▀    ▄██████████▀
     ▀▀▀   ▄██████████▀    ▄██████████▀
          ██████████▀    ▄██████████▀
          ▀███████▀      █████████▀
            ▀███▀   ▄██▄  ▀█████▀
                  ▄██████▄  ▀▀▀
                  █████████
                   ▀█████▀
                     ▀▀▀
e i d o o
██

███▀▀
▐▐▌
▐▌
▐▌
▐▐▌
███▄▄
▀▀███
▐▌▌
▐▌
▐▌
▐▌▌
▄▄███
Kim Domingo
Member
**
Offline Offline

Activity: 96


View Profile
September 24, 2017, 01:44:47 PM
 #383

All governments and central banks are against cryptos.
I think we will see a lot of turbulence in bitcoin. Does anyone sells VIX options on cryptosGrin

I agree with that and we cant deny the fact China is one of biggest contributor in bitcoin as well as in worldwide economy in which they hold big percentage of annual improvement of income and transactions when we are talking about money, but I dont believe that bitcoin is dead without China, it is still functional, people can still exchange and invest here but we should accept that when they banned bitcoin in their place bitcoin's price dump at 10% which is totally disturbing in exchanges and transactions here, people who hold bitcoins gets alarm and immediately transfer almost half of their earning into their country's currency but still bitcoin is slowly taking its price and I believe it will still be functional.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ●     UTRUST // The FUTURE of Online Payments     ●  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬      whitepaper     facebook     twitter     slack       ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Main-ICO | Coming soon...
AdamCooper
Member
**
Offline Offline

Activity: 70


View Profile
September 24, 2017, 02:53:30 PM
 #384

If china bans it then another powerhouse will just pop ip instead. India or Japan.

Everyday I'm HODLing.
carllpet
Jr. Member
*
Offline Offline

Activity: 31


View Profile
September 24, 2017, 02:55:46 PM
 #385

China will die without us. Without us where will they flood their products?
Chooroz
Member
**
Offline Offline

Activity: 84


View Profile
September 24, 2017, 03:00:18 PM
 #386

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's banning of bitcoin exchange bring up a big impact to the bitcoin cryptocurrency users community because the price rate was totally affected since China is a great loss in the bitcoin community because potential investors are mostly and commonly can be found within the vicinity of China. Despite of this circumstance that bitcoin have been facing, the speculation for the death of bitcoin is still a far scenario to happen because there are still large states and countries that supports bitcoin usage so there is still a large possibility for bitcoin to regain its loss which is an indication to be away from the said death.

▀▀▀▀ ❱ Powering True Care Coordination ❰ ▀▀▀▀
▬▬▬▬▬▬▬▬⦗ SimplyVital Health ⦘▬▬▬▬▬▬▬▬
MrBadger
Newbie
*
Offline Offline

Activity: 4


View Profile
September 24, 2017, 03:03:04 PM
 #387

All governments and central banks are against cryptos.
I think we will see a lot of turbulence in bitcoin. Does anyone sells VIX options on cryptosGrin

I agree with that and we cant deny the fact China is one of biggest contributor in bitcoin as well as in worldwide economy

China is a big FAKE POS.
And no proof of stake but piece of sh....

Nobody gives a damn what China is doing.
tittensor
Sr. Member
****
Offline Offline

Activity: 392


View Profile
September 24, 2017, 03:29:55 PM
 #388

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 banning ICOs and Bitcoin exchange is indeed a loss for crypto community. It resulted to continuous dumpa that made the cryptomarket fall. But as what we are seeing, Bitcoin is slowly climbing its way up after the downfall and that's good especially if it will continue. Which proves that Bitcoin can still survive without china. Bitcoin still has a large community that provides high market demand to make its market value, high.
The ICO market banned by the Chinese government not is a loss, it is a big changes in the community of Bitcoin. It proves China not is country has influence strongly like the past. Now, Bitcoin does not need have China to increase its value.
baundul
Member
**
Online Online

Activity: 112


View Profile
September 24, 2017, 03:58:24 PM
 #389

It can not be closed by pressing the force. Because crypto can not be stopped as the transaction can not be closed or stopped. China is financially active in the world market, it has reduced the currency but it has not been erased. I think China is thinking of something else for trading.

shiningstar
Member
**
Offline Offline

Activity: 80


View Profile
September 24, 2017, 04:11:32 PM
 #390

Well i think of course we will be influenced if China banned bitcoin, because yeah, it is a big country.
But i don't think bitcoin will dead just like that. There're still many countries that allow bitcoin, or even legalized it. And there're many people who invest in bitcoin outside China, so bitcoin is still popular and needed.

Raihan050
Member
**
Offline Offline

Activity: 69


View Profile
September 25, 2017, 06:22:46 AM
 #391

obviously not. But It's up to that because of Bitcoin ban in China there are little bit effected at Bitcoin

fredo123
Member
**
Offline Offline

Activity: 112


View Profile
September 25, 2017, 06:53:24 AM
 #392

Obviously China shook the entire bitcoin industry , as part of adjustment the continuos decline of value realized by whole nation, and to recover it back we need to wait the exact time to break its previous records . This is the risky part of obtaining lots of alt coins and the sense we don't have specific idea when to rise and fall .There's no assurance at all.. A huge looses to those who buy btc in previous week..

  GETTING LOST IN THE SEA OF CRYPTOCURRENCIES? CHOOSE PLAYKEY TOKEN! 
PLAYKEY.IO ◇  DECENTRALIZED CLOUD GAMING PLATFORM 
[ Website ]  [ Reddit ]  [ Medium ]  [ Twitter ]  [ LinkedIn ]  [ Telegram ]  [ BitcoinTalk ]  [ Facebook ]
Pejoh Asu
Sr. Member
****
Offline Offline

Activity: 308


Proof-of-Asset Protocol


View Profile
September 25, 2017, 07:02:14 AM
 #393

Do not think pessimistic and humble, believe bitcoin users outside china is bigger so if without china everything will be fine, besides of course chinese users will not be that easy leave bitcoin, they will keep active work for bitcoin.

|
 
 
50
|
 




                       ▄
           ▄▄▄▄▄▄███████
▄▄▄▄█████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████

█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
█████████  █████████████
▀▀▀▀█████  █████████████
           ▀▀▀▀▀▀███████
                       ▀
|
 
 
$1,5 M
|



        ▄▄▄█████████▄▄▄
      ▄█████▀▀███▀▀█████▄
    ▄███▀     ███     ▀███▄
   ████       ███       ████
  ███▀                   ▀███
 ███▀                     ▀███
▄██▀       █████████       ▀██▄
███                         ███
███        █████████        ███
███                         ███
▀██▄       █████████       ▄██▀
 ███▄                     ▄███
  ███▄                   ▄███
   ████       ███       ████
    ▀███▄     ███     ▄███▀
      ▀█████▄▄███▄▄█████▀
        ▀▀▀█████████▀▀▀
|
 
|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
kamikadze69
Hero Member
*****
Offline Offline

Activity: 686


View Profile
September 25, 2017, 07:03:47 AM
 #394

No. the evidence now is almost back to normal and I think bitcoin will also rise in the coming weeks.
kpcian
Hero Member
*****
Offline Offline

Activity: 504


JOLYY - The future of beauty!


View Profile
September 25, 2017, 07:19:02 AM
 #395

go to the cointelegraph and see the latest news in terms of dominating on the Bitcoin capital.Now Japan is the biggest market holders of Bitcoin. In recent months, most of the Chinese bitcoin holders sold thier bitcoin due to regulating by the Chinese government, in this case, Japan has received the opportunity to grab the major portion of Bitcoin market share. so that it doesn't matter that with or without China in the Bitcoin platform.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


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


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
bitcoindev2014
Member
**
Offline Offline

Activity: 80


View Profile WWW
September 25, 2017, 08:36:37 AM
 #396

all china markets will be closed Huh

Tigran88
Member
**
Offline Offline

Activity: 84


View Profile
September 25, 2017, 08:43:31 AM
 #397

all china markets will be closed Huh

I think no, the government of China wants to manage exchanges but can not find leverage to influence them.
coinzoid
Sr. Member
****
Offline Offline

Activity: 280

Turkish Translation & Localization Expert


View Profile
September 25, 2017, 08:58:17 AM
 #398

I think we lost some blood but we are still alive without China. However, if lose more blood then chances will be less for us to live. Bitcoin is still okay although we heard a lot of news coming from China.
Pursuer
Legendary
*
Offline Offline

Activity: 966


Where is my ring of blades...


View Profile
September 25, 2017, 09:13:31 AM
 #399

If china bans it then another powerhouse will just pop ip instead. India or Japan.

that is the issue though. there should never be a "powerhouse" in bitcoin.
bitcoin is decentralized and also it is global without any authority. this means that people sometimes mistakenly create some "powerhouse" and centralize bitcoin in their heads. in reality China, Japan,... are just a very small part of a much bigger ecosystem. they surely have big effects on bitcoin and the direction it takes but it is just an effect not all there is.

we saw as Japan adopted bitcoin the price went up and the adoption among merchants grew fast. but that just was a speed up to the process that was ongoing. and if China or any other country ban bitcoin it will just slow it down it can not stop it.

kuronokishi10
Member
**
Offline Offline

Activity: 84


View Profile
September 25, 2017, 09:27:46 AM
 #400

according to me the ban of btc in china is a set back for bitcoins,china is a huge country and plays an important role in bitcoin marketing/trading,but this doesnt mean that bitcoin will fall,all have set backs this is one of them ,the crypto currency is sure to rise.

•  ◢    B L U Z E L L E  |  A decentralized database service for the world's dApps    ◣  •
•  ███████   ANN  Whitepaper   Twitter   Telegram  Medium    Reddit   Github   ███████  •
•  ◥    Pre-register for Token Sale    ◤  •
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 »
  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!