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Author Topic: Are We Dead Without China?  (Read 16702 times)
josephinerosdy
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October 06, 2017, 11:06:29 AM
 #521

that not happening now. we didn't need china anymore.
bitcoin price increase higher without china
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October 06, 2017, 11:12:21 AM
 #522

The world of cryptocurrencies is in the midst of a tornado just now. Since the beginning of September, total cryptocurrency market capitalization is down by US$60 billion to around US$109 billion. That’s a fall of 40 percent.
China has influence, but Bitcoin will survive without China
i'm not sure they will close the country as a market for Bitcoin, long live bitcoin
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October 06, 2017, 11:13:22 AM
 #523

So far so many people have told Bitcoin prices will go down, but those who are seniors have told without china also Bitcoin prices go up and their words kept it up.
I think Without china now excellent for trading and moves to $5000 mark.
You are right, Even china can effect on bitcoin because of the high populaty there, but that's not mean that bitcoin will die, bitcoin is too powerful, so don't panic and sell your bitcoin, It's still the beginning now, so the best option is to save bitcoins and wait for the future, because i believe we will make a huge profit if we collect now.

Bitcoin is unstoppable. Not even China could stop it. So I really doubt that any nation for that matter could halt the advancement of bitcoin. Yes, trading is back at the price is up today. It just really shows how bitcoin is resilient and can weathered the storm. The effect is only temporary and now we are back to normal mode again. Trading and prices are up and we are seeing no more negative news. We could say now that it looks like the 'Chinese effect' that provided downward pressure in the crypto market is over.

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October 06, 2017, 11:29:37 AM
 #524

China gas a large impact in bitcoin and it also contributed large in bitcoin that's why it is very important,many years past China became the powerhouse of bitcoin and also the enlargement of territory of bitcoin that allows many country to use bitcoin,but see the bitcoin fastly  recovered when the China banned bitcoin.So it means that even China is being a hindrance now to bitcoin still bitcoin can live without China.
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October 06, 2017, 03:08:29 PM
 #525

Nope, i mean China is bit in crypto and the prices did take a hit when their exchanges closed, but it soon rebounded

I think bitcoin/crypto is well beyond just one nation... it is global and is only going to get even more so.

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October 06, 2017, 03:15:12 PM
 #526

I do not think bitcoin will die without China, that's impossible. Although China is a country with considerable influence from bitcoin, but bitcoin does not die without China because some other countries support bitcoin to grow better as a digital currency.

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October 06, 2017, 03:17:32 PM
 #527

I don't think that bitcoin could die just because China banned bitcoin in their country. It's true that China is a big country, however, it doesn't hold majority of bitcoin around the world. There's a lot of bigger countries that hold bigger amount of bitcoin investment compared to China.

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October 06, 2017, 03:23:59 PM
 #528

Surely if twenty percent of bitcoins is gone from the market then prices will increase. As for mining it opens it up for somewhere else to take over more than likely a country that supports the crypto currency markets.

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October 06, 2017, 03:30:04 PM
 #529

I do not think so that bitcoins would die just because China banned bitcoins.Its true that China has large affect on bitcoins even if they did banned bitcoins bitcoins would surely suffer a huge drop as a large number of them are user's of bitcoins and trade bitcoins but it won't die that's for sure as there users and investors outside China.But bitcoins will recover fast.Bitcoins will not die unless people stopped using bitcoins.
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October 06, 2017, 03:55:28 PM
 #530

I think before bitcoin cant stand without investor and miner in china because china is big distributor of bitcoin in the past years but for now as we know that china starting to banned bitcoin in their country but bitcoin still in the top of crypto currency and the value remain higher. Also right now there are many bitcoin mining site in different countries also investors and the demand will not goes down even china totally stop supporting bitcoin.

Here in asian country where i leave i know that many people supporting crypto currency and bitcoin will be more popular now and in the future even our government not yet declare that there will legalized bitcoin.
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October 06, 2017, 04:03:51 PM
 #531

We are not dead without china because only china banned btc but full world is with us now and Full world is bigger than china so we are not dead without china 😎
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October 06, 2017, 04:55:29 PM
 #532

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.



Nope, definitely not. We are never gonna die without china. It aint water, food or oxygen. Lol.

But seriously, bitcoin cannot be killed just because of this reason. Yes, china may have a lot of people who are into crypto currencies. But tou should also mot forget that china and its people who use crypto currencies are just a fraction of all the people who use crypto currencies. So i suggest you do not worry about that to much because it is pointless.

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October 06, 2017, 05:25:18 PM
 #533

No, we are not dead without china. We are growing more strongly. China doesn't control major part of bitcoin. China can influence bitcoin but it doesn't cause much problem.
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October 06, 2017, 05:34:14 PM
 #534

I doubt, even if China is a big country, China is not the major investor of bitcoin. There's a lot of bigger countries that hold majority of bitcoin, we have Russia, Japan, and many more. It's true that China affected bitcoin price since they banned it, however, as you can see bitcoin is now starting to recover.

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October 06, 2017, 05:42:54 PM
 #535

i dont think bitcoin is dead without china, even as china serve as big host for miners and traders in bitcoin due to the high level of electricity supply in china. but let us not underestimate the general acceptability of bitcoin all over the world, china alone cant end bitcoin existence the ban of cryptocurrency in china can slow down it activities but cant end it.
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October 06, 2017, 06:51:53 PM
 #536

 Cheesy well the good part is...*NO* we are not dead without china, china holds the maximum population of the world thus more than 15% of the bitcoin users were chinese, since the government banned it and stopped the ICO's suddenly the price dropped..and... Bitcoin suffered a huge loss... Its... Value of 4500$ suffered greatly and dropped down to around 3000$ ... But since not the whole world is controlled by China bitcoins slowly started to Rise again...and now their value is close to 4400$ and that too in such a short period of time.
Thus the answer is obviously no... Bitcoins are rising and will continue to rise till the time when China will be forced to rethink about ...its decision.

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October 06, 2017, 06:59:52 PM
 #537

Based on what I read on the current and trend news about bitcoins. One of the reason why the value of bitcoin decreases. From the month of July to August 2017 the value of bitcoin is around 4600 USD then when China leave the cryptocurrency, the value of bitcoin decreases up to 4100 USD. It means that we are not dead if China will leave, the value will just decrease but it is still high.

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October 06, 2017, 11:07:10 PM
 #538

Lol this whole bullshit "China is banning bitcoins" is already priced in at this point. We're down 30%± and I highly doubt that 30% of bitcoins are even owned by Chinese people. 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.
Yes that's true, not only china is involved in the bitcoin, bitcoin is currency of the world. Yes due to banning of bitcoin in china the supply of decrease but now it recover, the price is slow increase. China can't stop the bitcoin, even the price of bitcoin decrease but the truth is so high.

For me bitcoin is a source of income, I earn a bitcoin because I used this to support my daily needs so even the price down its ok because I earn using joining to campaign and no capital used.

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October 07, 2017, 01:56:44 AM
 #539

Lol this whole bullshit "China is banning bitcoins" is already priced in at this point. We're down 30%± and I highly doubt that 30% of bitcoins are even owned by Chinese people. 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.
Yes that's true, not only china is involved in the bitcoin, bitcoin is currency of the world. Yes due to banning of bitcoin in china the supply of decrease but now it recover, the price is slow increase. China can't stop the bitcoin, even the price of bitcoin decrease but the truth is so high.

For me bitcoin is a source of income, I earn a bitcoin because I used this to support my daily needs so even the price down ita ok because I earn using joining to campaign and no capital used.
Bitcoin will continue to prosper even there is no chinese people who will support it because there is a lot of country that will help bitcoin to recover despite of all the fuds and bad news about bitcoin. Bitcoin will be unstoppable because it already has a solid foundation that built by the community and also the countries that supported bitcoin.

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October 07, 2017, 04:07:02 AM
 #540

As we can see from the past month where the FUD's caused by the china drama, bitcoin is still holding its ground. This is a testament that it can survive without china and besides, there are many countries out there that would gladly take the 'role' of china, like japan.

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