Are We Dead Without China?

[Sithara007]

I dont think that we are "dead" without china, but it was obviously one of the most biggest markets that were buying/selling bitcoins and altcoins, and 3 of 6 new ico's were born in China. I dont know why, but almost all the countries in Asia are very introduced in bitcoin, i dont know why it doesnt happen in Europe, or America, it is a little bit weird.

China and the other Asian markets such as South Korea and Japan are very important for Bitcoin. But what can we do if the government bans Bitcoin exchanges? It is a hard decision, but we must be ready to move forward without China. And who knows? China's exit from the Bitcoin scene may be having some positives for the crypto-currency as well.

[Badhuamin]

in my opinion not, because china is not the only bitcoin user so without china bitcoin still running.

[FansUnite]

Bitcoin is rising again a couple weeks or so after China has implemented their changes. So at this point things are holding up. I would imagine that if China was a make or break situation for bitcoin that we would have been seeing more and more poor performance, but we have been seeing some stability and increases of late. Nothing in this post is meant to be investment advice, but things are looking more positive recently.

[sapnu]

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.

Based on what we are seeing and how Bitcoin is going, we are not. Losing China is indeed a major loss and in fact, it resulted for crypto market to fall hard. And good grief!  Bitcoin is now recovering from what happened. Its value dropped from 4800$ to 3300$ and currently it is again on 4200$ and continuously increasing. It only proves that Bitcoin can still be successful without China.

[random8888]

it is more like "China is dead without us"!

[Jembut Ireng]

in my opinion not, because china is not the only bitcoin user so without china bitcoin still running.

I agree, bitcoin is independent with anyone including china, bitcoin is decentralized so that everyone is free to use the bitcoin. If the bitcoin die without china surely current prices 1 btc = $1, and it will never happen.

[nicosey]

China want to regulated financial activity within China.  They won't hold back technological innovation.

[sort_cirkit]

china back again next month. so i think BTC go to the top to the bottom again.

[daringdiscovered]

china back again next month. so i think BTC go to the top to the bottom again.

That is going to happen for sure, bitcoin dillema is over because of this China banning ICO, but the price of bitcoin is recovering from its huge DUMP and we are all hoping that it is going to hit $6000 this year, when that happen, I'm sure our New year will be so happy and full of blessings. So no matter what happens, I'm just going to hold my bitcoin.

[staff_1307]

First of all, I want to say that China will somehow come out of this situation by not banning Bitcoin. But if this happens, nothing global with the crypto currency will happen, because it does not hold to one China.

[barhavsky]

i think we still can survive without china because people who use bitcoin not only china still many other countries.

[jamids]

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.

Once upon a time they have the largest market share in bitcoin that's why when they declare a bitcoin ban few years ago, market was affected very much and bitcoin's price has a downtrend but it's a different story now. There are more bitcoin users all over the world and because of the power of technology, we are more aware of the situation than before that's why even if several people attack bitcoin, still it goes back up because there are more people who believe in the value of bitcoin even if China will not be included in the market share. They have ban several sites in their country like google and facebook because they have made their own version but those companies are growing without the need of them and it will be the same story with bitcoin.

[Netnox]

i think we still can survive without china because people who use bitcoin not only china still many other countries.

That may be true, but the number of users in China is huge. It can't be easily made up by the other nations. And the most important thing is that China was one of the high growth areas for Bitcoin, along with India and Japan.

[Sirait]

look, what happened to Bitcoin since they banned Bitcoin initially the price dropped but now its price has gone up again, community lovers Bitcoin pretty strong so even though there is one country that Bitcoin banned is okay, do not be afraid ..

[bryant.coleman]

look, what happened to Bitcoin since they banned Bitcoin initially the price dropped but now its price has gone up again, community lovers Bitcoin pretty strong so even though there is one country that Bitcoin banned is okay, do not be afraid ..

I guess the prices recovered as the Chinese users moved their coins to other exchanges (especially those in South Korea and Japan). In the end only the Chinese government is going to lose. They will lose tax money and employment opportunities to South Korea.

[Gaff]

i think we still can survive without china because people who use bitcoin not only china still many other countries.

I think bitcoin exists in different part of the world and has contributed a lot to many sectors.I firmly believe that bitcoin can still strongly survive even without China,because it is not only dependent with China or with a certain country. The progress of this campaign does not depend as to where you came from or what your societal status is.

[NotAWiz4rd]

I think we'll see a dip right before the end of october, as that's the point when two of the three biggest exchanges in China will disable the ability to exchange btc to Yuan

[iamMhew]

i think its not, we already dead before, because we miss all chances from getting this bitcoin in a cheap price, then from the past 5 years of succeed (bitcoin), no one can stop bitcoin, even those biggest country that have biggest investors in bitcoin can stop bitcoin from its success even they decide to banned this crypto on their own country. so meaning even without china, bitcoin can stand by it self and get into the line again after they got banned in that country. we all have many country that totally supporting bitcoin so in the end, bitcoin can stop by its success.

[rockie87]

we wont be dead without china .surely the ban on bitcoin exchanges would create an impact on the market but that wouldn't kill bitcoin.
china is planing to regulate ICOs so may be after that we could see a spike in bitcoin's  price.

[valisa]

I think bitcoin will persist even without China, in the absence of chinese does affect bitcoin, but now the price of bitcoin has returned to normal without china.