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Author Topic: Are We Dead Without China?  (Read 16700 times)
BlueStackz
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October 20, 2017, 07:14:45 AM
 #681

First of all China didn't want to ban bitcoin but to regulate the exchangers and these are two different things. Second, China is big player but not the only one and I strongly believe that too much importance is given to happenings in China but this is not the only thing that determines bitcoin market, don't forget that.
I think that many people around the globe think that because China has great impact on the world economy and they have a lot of miners due to cheap electricity, bitcoin will die without China, but I don’t agree with this because mining has been started in many countries although electricity is very expensive like in UK, and the decision will never stop people to invest in bitcoin in the future.



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October 20, 2017, 07:16:23 AM
 #682

I don't think so. aren't we alive without China?
When Chinese government stated regulating on the ICO and other cryptocurrencies exchange, especially they have focused on the Bitcoin market. so that many Chinese people have left this platform due to getting panicked. in the meanwhile, Japan has caught the top position regarding Bitcoin capital. so it doesn't matter if China stays or not with this system.
I strongly realize that life and death is not due to the decision of a single country. It is all about the propel around the world. if all the people stop investing and trading in bitcoin that will be the end of bitcoin and it will be  dead. Otherwise just banning in a single country cannot stop the popularity and importance of bitcoin as Bill Gates also realizes that nobody can stop bitcoin. It means big people support bitcoin.

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October 20, 2017, 07:21:19 AM
 #683

Yes China has population a sizable chunk of world economy. If  Bitcoin is banned by China surely it will affect Bitcoin but will not kill the king of all coins. China is not the rest of the world economy.

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October 20, 2017, 08:00:39 AM
 #684

Yes China has population a sizable chunk of world economy. If  Bitcoin is banned by China surely it will affect Bitcoin but will not kill the king of all coins. China is not the rest of the world economy.
Yes, so many countries interested in bitcoin now.  although china mines comprise about 70% of the world bitcoin processing power but if the china's miners suddenly stop minning other competitors would rise within 1 day. China dominates bitcoin because they know about bitcoin earlier than another countries. So I disagree that we are dead without china.

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October 20, 2017, 08:12:12 AM
 #685

No,I dont think that we are dead without China .As Bitcoin is decentralized in nature so there is no control of any governement on it .So, I dont think that China will have a permanent impact on it .When China banned ICO's and exchanges ,there was a huge drop in the price of Bitcoin but soon a recovery was seen and  now it has reached it's all time high value. Bitcoin is the most prominent digital currency that only depends upon it's demand among the people.So i dont think we are dead without China or any other country .




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October 20, 2017, 08:47:05 AM
 #686

The potential problems lies down in the possibility of destructive ways of using Chinese mining farms power. Lot's of money invested in building farms - and It's not easy to change their location. 

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October 20, 2017, 08:47:49 AM
 #687

China is not dead, it is just trying to have some control. She knows this is the future and is matter of days untill she will resume trading.

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October 20, 2017, 08:49:59 AM
 #688

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 we're not, it's true that China holds a big amount of bitcoin, however, there are bigger countries that holds majority of bitcoin. China affected bitcoin price somehow when they banned bitcoin. They might have realized by now that they made a big mistake because bitcoin price grew a thousand dollars more after what they did.


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October 20, 2017, 08:57:31 AM
 #689

Yes China has population a sizable chunk of world economy. If  Bitcoin is banned by China surely it will affect Bitcoin but will not kill the king of all coins. China is not the rest of the world economy.
China already implement their banning though they did not banned bitcoin entirely but they made their move and it did affect the price of bitcoin when the news came out but look at bitcoin right it manage to go up and even make a new ath so I think we will be fine without China.

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October 20, 2017, 09:01:37 AM
 #690

Bitcoin are very much alive, even without China or other countries. In fact, after China announcement a month ago Bitcoin value was gain 96 percent increase.
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October 20, 2017, 09:07:22 AM
 #691


Absolutely not, we're a stronger community with or without China. China as a whole we're struggling to be on the same page, but we still have people globally that Chinese or are originally from China that still support Bitcoin no matter what so it's a complete loss in that regard.

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October 20, 2017, 09:10:41 AM
 #692

This is not possible Well in my opinion China is a big influence in bitcoin and theres a large number of investor 
but china will definitely have some effects if china banned Bitcoin. thats not a big deal for me
Bitcoin can survive without china.
Yeah i think it will create some impact and surely china has a great influence on bitcoin and almost 40% of the investor and miners of the bitcoin are from china but i don't think the negative impact of it will survive long and thing will be normal after some time may be a year or later. if we look toward Google and facebook, which have both been banned in China for a long time, but still thrive. The world is very big without them and you can still flourish without them.

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October 20, 2017, 09:17:46 AM
 #693

I think bitcoin can survive without China. China was the first bitcoin mining and that there is so much capacity, but now the whole world is beginning to mine bitcoins and China have no monopoly in this.

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October 20, 2017, 09:35:53 AM
 #694


I think we can survive without China
 China is a big contributor to bitcoin and other crypto-kurrocurrency as well but I think now bitcoin is very hard in the weir even without the china so do not worry
I am not sure they will close the country as a market for Bitcoin, I think the government ban is temporary.
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October 20, 2017, 10:55:57 AM
 #695


Absolutely not, we're a stronger community with or without China. China as a whole we're struggling to be on the same page, but we still have people globally that Chinese or are originally from China that still support Bitcoin no matter what so it's a complete loss in that regard.
We can still do the same things in the future even there is no china that supports the bitcoin foundation and i believe that because of the banning of bitcoin in china, it will encourage more countries because people will think that they will have more chance to make more profits because the big fish is already turned its back from bitcoin and we can now take advantage of it.

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October 20, 2017, 10:59:42 AM
 #696

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.

Yes losing china is a big blow but we must also remember that there are still other countries that we can look forward to and yet here we are surviving and earning at least with Bitcoin. China might have forsaken us but bitcoin is still there and we can still capitalize on it.



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October 20, 2017, 11:03:53 AM
 #697

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.

Yes losing china is a big blow but we must also remember that there are still other countries that we can look forward to and yet here we are surviving and earning at least with Bitcoin. China might have forsaken us but bitcoin is still there and we can still capitalize on it.

I do not think that losing China is something big.  Just look at the current price of bitcoin compared to the price when Chinese government banned bitcoin, its price drops just right.  Its price dropped a little and the price which is nothing to be worried about.  It just dropped then because there was an issue also stated by Dimon.  But looking at the price right now, we are good without China.

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Andre_Goldman
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October 20, 2017, 11:04:36 AM
 #698

regards death (crypto) you're dead when the doctor says so ...


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October 20, 2017, 11:10:09 AM
 #699

Bitcoin mining in China is good for miners and bitcoin, because the electricity tariff is cheap. But it can not be a reference to conclude dead bitcoin without China. If China does not contribute to bitcoin, there are many other countries that contribute. So do not worry.

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October 20, 2017, 11:19:16 AM
 #700

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 believe so. With the right technical transaction, bitcoin may be able to survive without Chine. It has survived through the internet, and we keep earning and using it because of the internet. They just need a particular place to transfer the storage of data.

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