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Author Topic: Are We Dead Without China?  (Read 16647 times)
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October 15, 2017, 02:19:09 AM
 #641

I can say this straight without flinching: china is dead without us! Who are they fooling? Bitcoin is catering to the world in terms of crypto transactions, trading, and other services. People from all over the world are buying, selling, spending, exchanging, bitcoins. It continues even when china does not care, hell, even if china is wiped out off the map.

Yeah china is not only the country that is contributing to the market and everyone right now is using a mining hardware to earn more bitcoins for their own interest. China is a big help to increase the value of bitcoins but it would not affect everyone even it is gone.

Our destinies are not in the hands of the Chinese miners and the recent hikes goes to price that. Despite all the negative news coming from their end of the world Bitcoin has been resilient and grown back up despite their bans on exchanges and so we don't need them to succeed.

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October 15, 2017, 02:21:00 AM
 #642

Has anyone written a white paper on the politics (or effects) of crypto?  Would like to study this in more detail.

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October 15, 2017, 03:46:24 AM
 #643

I can say this straight without flinching: china is dead without us! Who are they fooling? Bitcoin is catering to the world in terms of crypto transactions, trading, and other services. People from all over the world are buying, selling, spending, exchanging, bitcoins. It continues even when china does not care, hell, even if china is wiped out off the map.
There a lot of countries that trying to replace the china's domination of bitcoin. Japan and south korea has been the two of many countries accept bitcoin. The citizen of the two countries are investing more in bitcoin,  after a crackdown at china's central bank earlier this year, more investor in south korea and japan turned to invest in bitcoin.

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vickycoin05
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October 15, 2017, 04:36:43 AM
 #644

I can say this straight without flinching: china is dead without us! Who are they fooling? Bitcoin is catering to the world in terms of crypto transactions, trading, and other services. People from all over the world are buying, selling, spending, exchanging, bitcoins. It continues even when china does not care, hell, even if china is wiped out off the map.
You are right but still there exists always a big factor that is indicating that we are not complete without china .
Because here we can see that most of the miners are from the china Because in China electricity cost is very low  , so here we can say that the bitcoin network getting much better support from the china .
But opposite of this your thinking that china is nothing without us because most of the population making earnings from the cryptocurrency like thing , so here both of them are dead from each other . Here we just need to get step by step forward with each other otherwise we can't get go toward the success in any field .

Bitcoin is made for all nations not for just one country so I guess there is no problem about it since bitcoin is not dependent on Chine. It only dead if the whole nations' government joined together to ban BTC.

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October 15, 2017, 05:23:27 AM
 #645

I'm sure bitcoin can survive without china, the problem could be if other countries follow China. But if other country not following China bitcoin will still growing. Because bitcoin is global and international so not just depend on China only.

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October 15, 2017, 05:28:32 AM
 #646

Well, for some reason, all panics that China has banned everything, but as a result, everything is normal. So nothing has worked significantly, but we see that this is not done by China alone. so there is reason to fear. It is difficult to say what will happen in the future, but so far everything is normal. Smiley

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October 15, 2017, 05:30:36 AM
 #647

Bitcoin does not depend on any nation or central authority, hence its widespread appeal. At most banning it will depress pricess temporarily, but it will soon recover as investors realize that all attempts to ban it will be futile. Eventually, nations will come around to embracing bitcoin as they realize it cannot be suppressed.

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October 15, 2017, 05:32:54 AM
 #648

Bitcoin does not depend on any nation or central authority, hence its widespread appeal. At most banning it will depress pricess temporarily, but it will soon recover as investors realize that all attempts to ban it will be futile. Eventually, nations will come around to embracing bitcoin as they realize it cannot be suppressed.

Very true, China and the likes cannot dictate what bitcoin should be and with their little manipulation through negative propaganda the end result was a major hike in it's prices and that is why i don't think any regulatory authority or country has power enough to topple bitcoin.



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October 15, 2017, 05:36:48 AM
 #649

If I were to base the situation of Bitcoin through the FUD lately, I think Bitcoin will survive without China. The value plummeted because of many issues but still look of its price today, it reached the $5k mark which was predicted last September only.

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October 15, 2017, 05:38:48 AM
 #650

I'm not quite sure about that but China is give a big impact into bitcoin for sure. When China banned ICOs, the bitcoin price fall so hard. I can't imagine if China banned completely bitcoin, something big will happen on that day.

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October 15, 2017, 05:43:02 AM
 #651

Bitcoin does not depend on any nation or central authority, hence its widespread appeal. At most banning it will depress pricess temporarily, but it will soon recover as investors realize that all attempts to ban it will be futile. Eventually, nations will come around to embracing bitcoin as they realize it cannot be suppressed.

Very true, China and the likes cannot dictate what bitcoin should be and with their little manipulation through negative propaganda the end result was a major hike in it's prices and that is why i don't think any regulatory authority or country has power enough to topple bitcoin.

Ya this simple things show bitcoin is decentralized. It's the advantage of bitcoin. It's can't control by any of the Country. Not even US can control the bitcoin. Even they tried and failed to get control of bitcoin. Even China tried .All lead to fail only.No one can control the bitcoin. To die,bitcoin is not at all depend on China. The current price will give you a answer for this.
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October 15, 2017, 06:29:55 AM
 #652

this FUD is now over. It effected price of BITCOIN for a while but finally people forget about china regulations and again start investing in BTC and here we are with BTC at 5800$. This means that adoption of bitcoin is increasing day by day resulting in increase in market capital of btc and hence increase in prices. We will see a big increase in prices of other altcoins as well after this wave of btc price rise

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October 15, 2017, 06:37:32 AM
 #653

We can't deny the fact that China is indeed one of the countries which has a lot of impact when it comes to bitcoin and other altcoins.
But we should also remember that even though they play a great part in it, it is still just a percentage as compared to the whole world.
Yes, we experienced great dip because if their declarations.
But as of now cryptocurrency is slowly gaining again.
There is would only mean that there is no country that can single-handedly stop cryptocurrency from becoming popular.
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October 15, 2017, 07:00:01 AM
 #654

Well, how do you say that? In fact, most bitcoin investors in China have largely accepted the fact that there is no bitcoin exchange in China. But it is important that there is no law in China that explicitly states that bitcoin transactions are illegal, so far. So most of the currency to buy way is through the otc, because do not have any legal obstacles, so for Chinese investors, just need to re-register another home abroad virtual currency exchange account, such as polo and bittrex.

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October 15, 2017, 09:16:55 PM
 #655

Bitcoin price just managed to surge to another high record this week without the chinese, so I believe the China government must be realizing that their ban on ICOs and crypto-currencies exchange won't affect the bitcoin price in the long run, maybe it is truly better without the china market.
I would not mind if China came back to the market but it is very obvious to me they do not want to play fair they just want to manipulate the market and use cryptocurrencies as they see fit and since bitcoin was created precisely to avoid that then it could be for the best they stay away from icos and that their dominance in the market keeps going down.

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October 15, 2017, 09:32:52 PM
 #656

No currency in history has ever needed china.
Question becomes how much will it slow down growth of crypto.
So far it doesn't seem like the threat of china blocking everything has slowed any of it down much.

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October 15, 2017, 09:37:11 PM
 #657

I think Bitcoin can survive without China. Sure, it'll be a hit if China finds a way to ban Bitcoin and enforce it (which would be tough without a lot of wasted manpower). But it wouldn't stop me from using Bitcoin from where I'm sitting in Florida. As far as the "lack of exchange" problem is concerned, the number one thing I've spent Bitcoin on is gift cards. Let someone else worry about converting to fiat if they're gonna.
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October 15, 2017, 09:38:25 PM
 #658

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.

Well in my opinion China closing of exchanges affected in someways but they are only one country and Crypto Currency is operating worldwide for sure Bitcoin would be in adjustment stage right now because of those news in China but it will still continue and not even China could stop it.


Definitely not. I don't think bitcoin will die just because China banned it in their country. China government is not very important to make bitcoin survive and increase its price. We have many options so there's no need to worry if China is can't accept bitcoin.

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October 15, 2017, 09:40:45 PM
 #659

No, I don't think so. Yes China is a country that really helps to increase the price or value of bitcoin. But it does not necessarily means that without China, the bitcoin value will also dead. It just happens that China is large country that is why it will have a huge impact in crypto market.


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October 15, 2017, 09:45:13 PM
 #660

It is clear that the Asian exchanges are closed one by one, that some Asian countries are claiming against the bitcoin week after week and yet the bitcoin has never been so strong. It is a decentralized currency, nobody can do anything against it, while a government is for or against, it will not prevent...

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