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Author Topic: Are We Dead Without China?  (Read 15310 times)
NotAWiz4rd
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September 28, 2017, 08:45:33 AM
 #461

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
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September 28, 2017, 10:17:37 AM
 #462

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.
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September 28, 2017, 02:42:02 PM
 #463

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.
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September 28, 2017, 02:48:11 PM
 #464

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.

bitcoincryptochamber
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September 28, 2017, 03:23:50 PM
 #465

China is one of the biggest market for bitcoins . It will slightly effect the bitcoins for some time but eventually bitcoins are going to raise up for sure . Bitcoin stocks has gone up from last two days . So i dont think bitcoins will stop because it does not have support of china .
bitcoinrays
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September 29, 2017, 03:54:40 PM
 #466

No, we are not dead without china. There's a lot of volume outside china as the china dominance already reduced since the early this year when they freeze bitcoin withdrawal in their exchange. There's a lot of mining power in china but there's still a lot of place with cheap electricity that welcome bitcoin miner.
This Is impossible to say bitcoin dead,The decision made by china is cutting them off from the outer world and they are neglecting the Importance of the most profitable coin of the world and gave boost to their economy .

No we are not dead without them there is more space in world which is accepting it so don’t need to worry and the bitcoin. They will regret about their decision in their coming future so that they should rethink.


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September 29, 2017, 04:31:44 PM
 #467

There are many countries around the world who are supporting bitcoin nowadays and i don't think that there will be a huge impact if ever china stopped on dealing with the bitcoin market . Bitcoin can surely survive just don't be skeptic mate Smiley

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September 30, 2017, 01:41:11 AM
 #468

No, because Bitcoin and cryptos are the money of internet, which will stay for a long time.

But are you sure Bitcoin and cryptos will be there forever? I have a bit of a high doubt!
Well, nothing is going to last forever that much we know, however I could understand if you have doubts that bitcoin is going to be with us for a long time, maybe you believe in another coin that already exists or you think that a new coin will emerge and beat bitcoin, however I do not see why you doubt cryptocurrencies as a whole, the market is going to flourish as long as fiat is controlled by banks, so the reason for crypto to exists is still going to be there.

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KEPLER99
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September 30, 2017, 05:52:32 AM
 #469

Not totally, but yeah, it would have an effect on cryptocurrency in general. Because as we all know, China have the most number of people in the world and i think 20% percent of cryptocurrency holders are fron china too. But im pretty sure that cryptos would be unstoppable.
I am not sure about the percentage you told here about the holders of crypto from China but yes if it so, believe me we will be having a strong blunt of price fall or damage in fame of bitcoins. Bitcoins are unstoppable now, they don’t die due to China’s leaving, but yes it may be affected somehow.


fantaman1992
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September 30, 2017, 05:57:08 AM
 #470

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 is bigger than china
Sithara007
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September 30, 2017, 06:19:40 AM
 #471

There are many countries around the world who are supporting bitcoin nowadays and i don't think that there will be a huge impact if ever china stopped on dealing with the bitcoin market . Bitcoin can surely survive just don't be skeptic mate Smiley

You are forgetting the fact that China amounts to around 20% of the annual Bitcoin trade volumes. And 20% is very significant for a currency such as Bitcoin, which is just 8 years old. If we take out this 20%, then the exchange rates can fall by anywhere from 50% to 90%. And also, China is one of the fastest growing economies. China is very important for the future of BTC.

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September 30, 2017, 06:52:44 AM
 #472

I do not think bitcoin will die without China, although later bitcoin prices down this is the effect of China. All that in my opinion did not last long, bitcoin will slowly the price will rise again. Better bitcoin without China, because I think bitcoin will be more valuable.

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September 30, 2017, 12:23:47 PM
 #473

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.
China is not that much important as people are talking they are just a piece of land as they are there is nothing bad happening to bitcoin it is maintaining its prices. Bitcoin doesn’t depend on the china but china do and china will ask in future to join again Chinese did wrong to themselves. And they will suffer in future.

BitcoinCommodor
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September 30, 2017, 12:24:56 PM
 #474

I think isn't, the biggest trade of bitcoin is not in china but japan because after japanese legalize bitcoin, of course the demand of bitcoin increased and also i heard word that trader from china can do trade at japan exchanger site.
China is not the backbone and bitcoin is not dead without any region it traders are around the globe and if one region ban it doesn’t mean that it will be dead. China and its people will suffer their decision in upcoming future. And the trader of china is curing the Chinese government decision so there is not that much effect.

mrfaith01
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September 30, 2017, 12:37:46 PM
 #475

No definitely not...there is a lot of country using bitcoin..even though there is no china bitcoin can make it through there is a lot of people using it..there is a lot of community group that support bitcoin and the other crypto currency so just relax and dont mind the china

Chiggins
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September 30, 2017, 06:30:44 PM
 #476

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.
I don’t think we will die without china because there is not only china in the world there is a lot of countries want to legal bitcoin and allow their country men’s to use bitcoin and invest but a little bit change will be occur if china rejected bitcoin and banned because china is one of the most largest population country in the whole world.

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September 30, 2017, 06:31:33 PM
 #477

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.
No we are not dead without china there is not only china where bitcoin is I think there should be in every part of this world and people will follow bitcoin whatever race there will be and after some time when bitcoin will be able to use all over the world then chin will need to accept bitcoin and feels bad for their people.

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September 30, 2017, 06:37:29 PM
 #478

Just remember that China is not the only one and no one will be dead without it. Afterall all this happenings in China were exaggareted and the influence overestimated. I believe even in China everything regarding Bitcoin will come back to normal, exchangers will regulated and adjust the business and Bitcoin will go on.

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September 30, 2017, 06:47:00 PM
 #479

We are not without China.

Many chinese people buy on localbitcoin, until other exchanges are allowed again.
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September 30, 2017, 06:47:26 PM
 #480

I thought, the exit of china will have a big impact to the price. And it was the case, but when I'm looking on the price now, it looks very promising. So I'm glad, the price is raising again and it seems, that china don't have a large influence.
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