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Author Topic: Are We Dead Without China?  (Read 16698 times)
bgaf
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September 30, 2017, 07:44:49 PM
 #481

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 China doesn't hold majority of bitcoin. Now that Japan accepts bitcoin, I think bitcoin will never die because China left. There's a lot of bigger countries that holds majority of bitcoin, and we're not depending on China solely. So, there's no reason to panic.


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September 30, 2017, 08:10:30 PM
 #482

Chinese trading ban is only temporary - they will either lift it because it will be proven to be an ineffective way of curbing wealth flow or they find a way to way to control BTC better.
Price of BTC is already started to recover even without China changing anything - this only show us that Chinese market is not that dominant as we thought it was.
Unless China will permanently delegalize BTC - which never happened - we have nothing to worry about.


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September 30, 2017, 08:22:06 PM
 #483

Yes. China is the only country using Bitcoin. Without it the entire cryptocurrency community would collapse and fail forever, never to return. Without China we can only wish for doom... Grin /s



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September 30, 2017, 08:33:58 PM
 #484

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.
Hello all! China is amazing county with smart and wise culture and people! But my opinion that Russian Federation is also amazing player. Of course without China bitcoins  markets will shake as result of Chinese government decisions but it's not all the world! I hope Russian Federation will legalize it and etc. It's all I think about this. Russia!

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September 30, 2017, 08:57:31 PM
 #485

Chinese trading ban is only temporary - they will either lift it because it will be proven to be an ineffective way of curbing wealth flow or they find a way to way to control BTC better.
Price of BTC is already started to recover even without China changing anything - this only show us that Chinese market is not that dominant as we thought it was.
Unless China will permanently delegalize BTC - which never happened - we have nothing to worry about.


Correct. People don't need to worry about China anymore. They made a significant dent, yes, but is only temporary and the market has responded ever since. Bitcoin is not China. We already pass the stage already thinking that we are doom because one of the biggest markets is gone.

But look at the price right now. Its continue to climb without them. So it only proves that we stand and move further without the supposedly growth coming from them. The space that they left was already filled in by other country as well. If they choose to open their exchanges once more with stiff regulation then its just a bonus for us. If not, then we are cool. Again, the only victim here is the bitcoin community inside China and not everyone.

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September 30, 2017, 09:01:24 PM
 #486

Bitcoin has bypassed the stage of market manipulation by one set Country, it may dip but not go bust over losing a large segment like China.
The price reflects everything we really can put a finger on, its looking up at this moment and I suspect it will continue due to Countries looking to clamp down on more traditional ways of moving dirty cash.

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September 30, 2017, 09:18:26 PM
 #487

China is not bitcoin so no. They did affect us negatively due to closing exchanges and ico ban but i believe chinese investors will find a way to get in the bitcoin market. Crypto market is very lucrative and people who are into making money will always find a way.

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September 30, 2017, 09:23:48 PM
 #488

We are not dead without Chain because Chinese hold only 20% of the total Crypto world. The price will fall for sometime but soon it will get back to normal.
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September 30, 2017, 09:30:12 PM
 #489

Yes. China is the only country using Bitcoin. Without it the entire cryptocurrency community would collapse and fail forever, never to return. Without China we can only wish for doom... Grin /s
You are wrong Brother!
Chinese hold only 20% of the total volume, so the price will drop for sometime but soon it will  get back to normal.
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October 01, 2017, 02:32:59 AM
 #490

I do not think bitcoin will die without china. my opinion bitcoin without china will not die bitcoin in every countries that interested in the whole world. because many miner bitcoin user is not limited to certain country people all over the world.but Chinese investors who have lost the opportunity to benefit because their government decisions have been harmed by certain situations or actions. bitcoin is famous for almost every country because of the rising bitcoin price

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October 01, 2017, 03:10:54 AM
 #491

What China caused a great impact on the value of bitcoin right now but it won't be the end of bitcoin. Remember China is only part of the market and not the market itself. And I don't believe China will ban ICO's for long since they are greedy and want every opportunity to earn money and ICO's is no exception. It's just there is no assurance that the ICO will be profitable and will not turn into scam which led to Chinese government officials to step in to ensure that their citizens are protected. But I don't believe that crap the main reason a government bans something is that they cannot get tax from it. just like in my country they banned jueteng which is similar to lotto but jueteng owner don't pay tax to the government and that's whats make it illegal.

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October 01, 2017, 06:12:26 AM
 #492

Is the entire world stagnant with out China? You must know that the china is might only a big place of the globe. The total world is not dependent on China, but China is dependent on the complete world! ‍How we are lifeless with out china?
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October 01, 2017, 05:38:56 PM
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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
No it is not and the price of the bitcoin is still going high and the value will increase no problem if one country is making it down. The price of the bitcoin is high for the people who are good at the skills such investing and the trading so make money and don’t put your attention towards the rumors. The future of the bitcoin is bright.

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October 01, 2017, 05:42:15 PM
 #494

Not at all, bitcoin isn't controlled entirely by China, and even if they banned bitcoin in their country it would be a really bad choice market-wise, as they would lose the position as a btc farming powerhouse, in result creating a vacant spot for another country, like Russia, to take the spot.

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October 01, 2017, 05:46:56 PM
 #495

Barely think so man. Why china is that important? We survived the bitcoin after banning of china also so it's not a big deal. Just checkout the graphs of bitcoin, they are again coming online and going to be on top of everything once again.  Roll Eyes

China might come back again, but who cares now as we knew whatever effect was there due to china it's gone after dew days only. So big nvestord know what they are doing in general. They will never let the bitcoin go down.

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October 02, 2017, 09:19:08 AM
 #496

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.
For today's current price of bitcoin which is already increasing again, I can definitely say that bitcoin will survive even without China. New I vestors and believers of bitcoin will fill in their place. More and more countries and merchants are now accepting bitcoin.In a matter of few months, bitcoin will hit $5k-$10k ! Bitcoin will soar up high again.

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October 02, 2017, 09:31:11 AM
 #497

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
No it is not and the price of the bitcoin is still going high and the value will increase no problem if one country is making it down. The price of the bitcoin is high for the people who are good at the skills such investing and the trading so make money and don’t put your attention towards the rumors. The future of the bitcoin is bright.
i just saw my mobile wallet and realize that now the current price of bitcoin is about four thousand,  four hundred and forty one (based on blockchain rates). do you know what it means? it means that now bitcoin get back it power without china. many people still supporting bitcoin. i am sure that the price of bitcoin will always increase and reach new record in the end of this year.

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Heacygg
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October 02, 2017, 09:33:11 AM
 #498

Of course not. Bitcoin price already is $4,400!

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georgiyfo
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October 04, 2017, 07:30:36 AM
 #499

We are unable to deny the fact that China is in fact a single of the nations around the world which has a good deal of impact when it will come to bitcoin and other altcoins.But we should also bear in mind that even though they enjoy a wonderful element in it, it is nevertheless just a proportion as in comparison to the total planet.Yes, we seasoned wonderful dip due to the fact if their declarations.But as of now cryptocurrency is little by little gaining again.There is would only imply that there is no country that can one-handedly quit cryptocurrency from getting to be popular...
kondor1030
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October 04, 2017, 07:33:37 AM
 #500

Banning Bitcoin might elevate the price. People will continue selling it on the black market and start smuggling vouchers into the country. People will have to pay premium over the market price. Everybody will forget about China in a couple of months.

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