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Author Topic: Are We Dead Without China?  (Read 16697 times)
Tszunami98
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October 08, 2017, 05:14:38 PM
 #561

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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October 08, 2017, 05:22:18 PM
 #562

Nope. China is a large part of Bitcoin, but at the end of the day they are still only a single country. IF they ban Bitcoin, it is only bad for them.

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October 08, 2017, 05:23:55 PM
 #563

Why would you ask? Obviously the world has had more than enough time to make it down to the news readers. I think it takes about 34 hours to go from the truth hunters to the news readers. Late in the game is horrible place to be isn't it? Anyway, the negative facts are that not everyone is going to be on track with their information and that is always going to hold the rest of us back.  No bitcoin is dead because of china withdrawal from the scene.
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October 08, 2017, 05:24:15 PM
 #564

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.
In my opinion, Bitcoin can survive without China. Yes, China is one of the biggest contributor in bitcoin industry holding like 20-30% of bitcoins but I personally think Bitcoin can survive without the aid of china.

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October 08, 2017, 05:28:51 PM
 #565

Why would you ask? Obviously the world has had more than enough time to make it down to the news readers. I think it takes about 34 hours to go from the truth hunters to the news readers. Late in the game is horrible place to be isn't it? Anyway, the negative facts are that not everyone is going to be on track with their information and that is always going to hold the rest of us back.  No bitcoin is dead because of china withdrawal from the scene.

But, the down side is that there is always a set of those that take the bad information they have to the trading floors and makes the killing for the rest of us. They use these news to fear up the market and make people sell at lower price, but infact they are buying at lower prices and soon when bitcoin will rise to moon, they will be the ones gathering profit.


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October 08, 2017, 05:42:13 PM
 #566

with simple word all things that china do is make Japan take her place and be bitcoin world leader
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October 09, 2017, 03:41:42 AM
 #567

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.
Yes its true when china banned bitcoin so nothing happen to bitcoin at that time little bit its decrease but quickly it recover and now bitcoin is more stronger and powerful and the good thing is bitcoin is accepted by some economically strong countries like japan ,Australia and European countries which is a good thing for bitcoin.

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October 09, 2017, 04:29:13 AM
 #568

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.
Of course its a big YES ! there's a lot of country that willing yo invest in bitcoin so maybe the china banned bitcoin it will cause a big impact to the value but we all know that bitcoin is strong so that's why it will increasing again by it's own feet .

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October 09, 2017, 08:07:02 AM
 #569

china is the biggest industry for bitcoin.it is also called fullhouse.but if china is not granted bitcoin,then market spot is likely gradual for few times. but handful of days afterwards, it will great once again........
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October 09, 2017, 10:09:50 AM
 #570

Quote
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 Populated country. They have the  20% Hold of Bitcoin. If BTC is banned in China, If this will happens this will not affect This much market. Only 15% to date BTC depressed.
This China is not doing this , Easy Smiley
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October 09, 2017, 10:30:30 AM
 #571

Of course not.Bitcoin is only banned in china but we have whole world. We are not dead without China.Through china is a big county but we got America, Russia andnd rest of the world

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October 09, 2017, 10:37:42 AM
 #572

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.
we cannot deny that the china have a great or big contribution about the bitcoin. because there's more people in china who used bitcoin and china was a great country too. but i don'd think that the bitcoin will dead without china. there's more many big country like US and Germany and australlia was using bitcoin.yeah it affect the value of the bitcoin like the suddenly falling down the value of bitcoin but. even though its suddenly fallign down the value of bitcoin is expensive and now its rising again.

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October 09, 2017, 12:26:02 PM
 #573

Yes they are a power house, but the limited amount of bitcoins would ensure the rest of the free world can do without them. recent events show the market is recovering and growing in strength.
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October 09, 2017, 12:38:19 PM
 #574

Nope I mean,the bitcoin has already survived without them and there are still lots of bitcoin users from different countries and I think that it will not affect that badly to the bitcoin.Bitcoin was being used all over the world.

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October 09, 2017, 12:40:23 PM
 #575

Of course not. There just gonna be opportunities. Most chinese people dont have btc anymore.

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October 09, 2017, 12:43:09 PM
 #576

Yes, Europe, USA, Russia and Japan are more than enough to make a currency. We don't need China. Of course China is huge and they are a huge part of the community, but we don't rely on them.
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October 09, 2017, 12:44:39 PM
 #577

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 don't think that bitcoin will survive without China, and I think that's impossible to be happen. Imagine, China is one of the biggest owned average of bitcoin mining farm in the whole world. They get big profit in bitcoin, so its really possible for them to give up bitcoin as well.

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October 09, 2017, 12:45:27 PM
 #578

China is true powerhouse country and many people of them are holding bitcoin but in's not a necessary were dead without china and no reason to panic. China hold more than 20% of bitcoin and the larger amount of bitcoin is spread out around the world and market cap. That why we don't need to panic and depend on what happen in china.

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October 09, 2017, 02:46:13 PM
 #579

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.
If China had that much power, either we would have been already dead or become slaves of them. No country has this much power to destroy any other without having a great loss and that is why there is no war happening around. China had a major role in crypto coin's world but it was not everything. It left bitcoin and the currency is still surviving rather making progress with more strength than ever.

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October 10, 2017, 10:31:54 AM
 #580

No need to be concerned without china.. Since bitcoin is already popular, so even with out China we will survive.But for now the bitcoin development will be a little late due to china difficulties.We just need to have to tolerance my pals  
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