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Author Topic: Are We Dead Without China?  (Read 16700 times)
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October 07, 2017, 04:07:02 AM
 #541

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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October 07, 2017, 04:12:15 AM
 #542

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.
Bitcoin is not dependent on any country or organization, it can stood still as long as it patronize by many, and it still have demands and development that needed by many.


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October 07, 2017, 04:29:30 AM
 #543

The government can not kill Bitcoin but what they are doing is actually closing the country as a market for Bitcoin
Yes , That's why china still available to participate on Bitoin and bitcoin will still survive


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October 07, 2017, 04:36:20 AM
 #544

It's not necessary 'DIE', china ppl are still hiding while playing the crypto market... as you can see now the price drives up again without large involvement of China in ICOs (KYC banned US, Singapore and China) mostly, yet we see moneys are pouring in, marketcap are recovering with an insane rate.

There is no doubt that cyrptocurrency is unstoppable at least these year, the only concern i think is large scale ban on ISP/ implementing laws that restrict residents from holding currency, it is hardly possible by the nature of blockchain, but is still possible if a government really wants to block access entirely, or make trading crypto ILLEGAL.

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October 07, 2017, 04:50:00 AM
 #545

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.

I agree with you completely, but there is no doubt that Bitcoin could have done much better with some support from China. Mainland China is a very important market right now. It is the second largest economy in the world and it is the most populous nation in this planet. It is difficult to imagine a Bitcoin sector in the future without China.

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October 07, 2017, 04:56:20 AM
 #546

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.
Bitcoin is not dependent on any country or organization, it can stood still as long as it patronize by many, and it still have demands and development that needed by many.
Yes, bitcoin might have not dependent on any of the country for its survival. But when we think of China, surely a large user base and mining is available. Looking the present scenario I expect bitcoin surely needs China to make it grow efficiently.

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October 07, 2017, 05:12:34 AM
 #547

LOL

Bitcoin is mined in Iceland.
Bitcoin is mined in Canada.
Bitcoin is mined in Venezuela.
Bitcoin is mined in Russia.
Bitcoin is mined in USA.

HAHA China is irrelevant! China or any country's government for that matter should all go ahead say bitcoin is illegal and it will do nothing to Bitcoin. In fact they might as well all say bitcoin is legal and that will do nothing.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. They have no such domination on Bitcoin and wont.


On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

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October 07, 2017, 06:02:33 AM
 #548

No, bitcoin is not dead without China. It is still alive and still with a bright future. China is a big country with a lot of population and mining, etc. But I believe that many other countries can adapt and do the same as China did before. There are still other countries where we can mine.

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October 07, 2017, 06:14:35 AM
 #549

Bitcoin has come to stay, though there might be several issues in its stability and many government bodies might try to fight it because it's not within their control, but sooner they will have to give in like the saying goes- "If you can't beat them, you join them"
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October 07, 2017, 06:25:09 AM
 #550

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 only a help or a contributor to make bitcoin value more strong and stable but if they will not totally support bitcoin it does not mean that bitcoin will going to die. China is against the whole world in talking of bitcoin contributors is just like 1% against 99% even if they have the biggest percentage still it cannot guarantee that bitcoin will going to die in their hands. As we can see now at the value trend still bitcoin value is average climbing even we have Chinese issues.




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October 07, 2017, 06:26:06 AM
 #551

it can stay alive Smiley , bitcoin even though china had been the power house they're is no way they are selling bitcoin see these people are business oriented ones they know what's good to buy through the years and gained from it they can make fuds out of it but they can't leave it alone nothing can replace bitcoin as of now

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October 07, 2017, 06:44:17 AM
 #552

I dont think that the bitcoin community will sieze just because china bans it in their country. Because there still many big countries supporting the trading industry of bitcoin. Maybe China is making a rules and regulation about how the people of china can use it .

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October 07, 2017, 07:11:27 AM
 #553

It seems that China almost died for the public without a crypto currency. The Chinese government apparently decided to abandon its draconian methods to limit and ban crypto currency. The latest news from China suggests that there are only going to carry out certain regulation of the crypto currency, but refused to completely prohibit it.

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October 07, 2017, 07:31:46 AM
 #554

People in china country are very smart in making bitcoin prices down, ico ban in china is very harmful but is it possible they will continue to ban bitcoin trade there.
I think no, because they definitely want to get more profit
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October 07, 2017, 07:49:00 AM
 #555

i think china is powerhouse country in bitcoins the number of people in china most  peaple of china probably using bitcoin china is good in the industry of bitcoin and mine.even they ban of the goverment of china  the bitcoin i think there are countries that invest in bitcoin.but china is a huge loss because the value of each bitcoin decreases

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October 07, 2017, 09:56:09 AM
 #556

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.

It's like "they don't really know what hit them" scenario. Banning Bitcoins will not affect the cryptocurrency world or even weaken the solidity of bitcoin because i don't think Chinese owns the biggest percent of Bitcoins in the market. Yes they can ban Bitcoin forever but doesn't stop BITCOIN. Though bitcoin suffers a major downfall on that action by China, still, "The currency for the people" has its value skyrocketed once again and that its value may even reaches 5K USD before this year ends.

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October 08, 2017, 05:02:41 PM
 #557

We can still survive without china.
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October 08, 2017, 05:10:35 PM
 #558

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.
A ban on something always makes the price of a product to go up, but I do not think bitcoin is going to forget abut China, if you can sell a few hundred dollars above the market rate you can sure many people are going to want to buy bitcoin in an exchange and then try to sell them to Chinese investors and holders, it is going to be a risky endeavor and something I will never do, but if China banned bitcoin then that scenario is likely.

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Kevondo
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October 08, 2017, 05:12:17 PM
 #559

that not happening now. we didn't need china anymore.
bitcoin price increase higher without china
It is right that the currency off the bitcoin can never be affected by the other currency. The growths of the bitcoin are very high and wait for the prediction that all are going in the favor of the bitcoin. The importances of the crypto currency wil never get down and it will never be so low for the lack of the money.
Tszunami98
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October 08, 2017, 05:14:38 PM
 #560

Of course not, China holds somewhere around 20-30 % and this is not enought to stop bitcoin. I guess this will force people to leave the country...of course the ones using it and mining it, so they would generate profit somewhere else. I still hope they will allow chinese to be on the market too, it is good to have a free market for everyone.

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