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Author Topic: Are We Dead Without China?  (Read 16700 times)
jpoker272727
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October 11, 2017, 11:25:01 AM
 #581

according to me the ban of btc in china is a set back for bitcoins,china is a huge country and plays an important role in bitcoin marketing/trading,but this doesnt mean that bitcoin will fall,all have set backs this is one of them ,the crypto currency is sure to rise.
As bitcoin is a new digital currency there will be the promoters and demoters around the globe, but that doesn’t mean that bitcoin will die.

Everything which takes place faces a lot of obstacles and hurdles but the time shows that the right thing always wins and the enemies accepted their defeat. Bitcoin is a legal currency and is worldwide acceptable and usable. Chinese decision will never succeed in their aim.

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October 11, 2017, 01:43:34 PM
 #582

BTC price is now back to 4800 without China. I guess I'm wrong about us needing them for its price to be back again to its ATH. We're not dead even without China. Bitcoin lives!
But the struggle still continues now that there are a lot of people trying to destroy BTC including Jaime Dimon and there was the news about Korea banning BTC too.


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Sasuke102001
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October 11, 2017, 01:50:51 PM
 #583

Why would we be dead without China we are alive, bitcoin is alive, everyone is alive. China banned bitcoin and it only affected bitcoin for a very short period of time and the prices are pretty  much gone up in recent days. China does not own bitcoin that CHina banning bitcoin would actually kill bitcoin and the bitcoin users. Yea it is pretty much clear Bitcoin is not dead without China.
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October 11, 2017, 01:51:27 PM
 #584

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 a big country with a lot of people. They hold 20% Bitcoin. If BTC is banned in China, then this will not affect the market. Only 15% to date BTC depressed.
Do not panic we are sure crypto will not be unstoppable.
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.
China cannot kill bitcoin for just banning cryptocurrency exchanges. it would take more than that to at least break bitcoin talk-less of destroying it.
Bitcoin now show the world what true decentralization means after China. Bitcoin is now fully recovered after all that happened with which, yet on the to set the new all-time high. I can't imagine how bitcoin price will be in the next 5-10 years, regardless of what other people are saying about bitcoin.  
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October 11, 2017, 01:56:55 PM
 #585

BTC price is now back to 4800 without China. I guess I'm wrong about us needing them for its price to be back again to its ATH. We're not dead even without China. Bitcoin lives!
But the struggle still continues now that there are a lot of people trying to destroy BTC including Jaime Dimon and there was the news about Korea banning BTC too.
That's true, it means that without china we can survive. Bitcoin is world currency, it is not for china only, there is country who loves bitcoin cause it gives a huge profit to here. Maybe that time, when china banned the bitcoin, the price decrease but it is easily recovered as what we encounter now. All successful business encounter hindrances, it is part of the business that encounter of challeges and measured the skills of business.

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October 11, 2017, 01:58:47 PM
 #586

All China did really is give us free publicity. Yes they banned the exchanges from operating but people will still find ways around it.
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October 11, 2017, 01:58:57 PM
 #587

BTC price is now back to 4800 without China. I guess I'm wrong about us needing them for its price to be back again to its ATH. We're not dead even without China. Bitcoin lives!
But the struggle still continues now that there are a lot of people trying to destroy BTC including Jaime Dimon and there was the news about Korea banning BTC too.
That's true, it means that without china we can survive. Bitcoin is world currency, it is not for china only, there is country who loves bitcoin cause it gives a huge profit to here. Maybe that time, when china banned the bitcoin, the price decrease but it is easily recovered as what we encounter now. All successful business encounter hindrances, it is part of the business that encounter of challeges and measured the skills of business.

Bitcoin is alpha which can't be much effected by these little things. Next hike will be around 6k+$. Just wait and watch.
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October 11, 2017, 02:07:44 PM
 #588

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 so. Each country has its own natural resources. There are lot of chinese all over the world. We are not only dependent with China. Each and every country has its own distinct qualities. Without China there are still other means. With or without China.. Chinese are everywhere. We are independent dependents but we strive to survive.



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kandholabhavna
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October 11, 2017, 02:11:04 PM
 #589

Nah, nothing as such. Please keep in mind that bitcoin was made as a alternate currency so that we can get away from centralized ones. China and many other countries will eventually try to censor or ban it for sure, but its some thing they cant control.

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October 11, 2017, 02:16:42 PM
 #590

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 have a big contribution if we talk about the bitcoin because many people in bitcoin user was from the china. So if china banned the bitcoin (now happening) it was a massive impact, its effect an instant falling down of value of bitcoin in the cryptocurrencies but yoi say are we dead without china? Impossible because if that country banned there's country was allowed it. Even though its a big country its only faaling down the value but its not become dead the bitcoin.

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October 11, 2017, 02:19:29 PM
 #591

Lols!  Roll Eyes

I read this question one more time and then I saw the tab where my coinmarketcap is open and that tells me completely different story after having china news two weeks old. The price of bitcoin surely not gonna affect due to china or any other country's ban because it knows how to get back in action. There are more enthusiastic investors in the bitcoin as compared to scary people! They are smart enough to handle the bitcoin trades when it falls below. So no china is thumbs down.
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October 11, 2017, 02:23:06 PM
 #592

I won't say we will die without China, but we will get affected for awhile. China is a giant big country which surely will distrupt the market if they make any major move. But if China is in then we shall see price going sky rocket

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October 11, 2017, 04:53:04 PM
 #593

China has big influence into bitcoin, big companies that are focus into mining are located there, but they cant kill bitcoin, they havent such power to damage bitcoin soo deeply. Investors and crypto were able to see the impact of China banning bitcoin, that were something like a loss of 25% into bitcoin value, sure its a big ammount but we are alive even if those really will happen one day.

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October 11, 2017, 07:04:33 PM
 #594

without china bitcoin already reached 4800 us dollars. yeah they are still very important but i dont think china s reaction to bitcoin end of the world.
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October 12, 2017, 01:29:18 PM
 #595

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.
No bevuase there are many rich people and rich counry that willing to invest in bitcoin.

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wellsontheja
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October 12, 2017, 01:39:41 PM
 #596

First time hear the news about china banning bitcoin i thought bitcoin will lost they potential but it's wrong.In fact the biggest potential is now in the hands of japan, in fact bitcoin has managed to get a pretty high price back at this time.
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October 12, 2017, 01:42:40 PM
 #597

China is a world of its own. I'm not saying China is like N. Korea but China is developing its own product, currency, social network and etc. The reason why China progress on the product that it creates is that their country regulates it and the people are patronizing it. Even with the western influence the culture of China is still intact.
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October 12, 2017, 01:51:00 PM
 #598

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 have already recovered from the downfall that happened recently and it ibviously shows that Bitcoin will still be as this successful without China. It is currently priced at 4600$ and continuously increasing, making it also possible to reach 5000$ before this month end and before the incoming hardfork. And if the next fork will be successful, Bitcoin's value will be more expensive before this year end which also means more profit to its users and investors.

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GideonGono
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October 12, 2017, 01:54:01 PM
 #599

By now, you should know the answer. Bitcoin's price just reached $5k despite of the Chinese issue. Bitcoin is across the world so not a single country can decide the fate of Bitcoin.

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Omega Weapon
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October 13, 2017, 02:13:48 AM
 #600

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.
It is incredible that despite all the efforts being made in order to stop bitcoin, despite all the FUD, bans and forks, bitcoin has reached an all time high that just a few years ago would have seemed impossible, I think we may be on the verge of bitcoin becoming unstoppable, nothing seems to have a long term negative effect on it, it is true that the price still goes down with bad news but immediately recovers, what will happen when governments finally ban bitcoin and bitcoin remains unaffected?

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