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Author Topic: Are We Dead Without China?  (Read 16700 times)
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October 22, 2017, 11:06:35 AM
 #721

The Chinese market is very strong, but it can only make Bitcoin shake and drop in value, and soon Bitcoin continues to move forward and continue to grow. No, we won't die

Can't be sure, because most of the Chinese users are depending on the Japanese and South Korean exchanges right now (as a result of the difficult legal situation back home). So it is difficult to measure how much impact these users are having on the exchange rates. But I guess that the impact is quite significant, due to the sheer numbers and volumes.

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October 22, 2017, 02:00:29 PM
 #722

BTC ist like a virus, it became global, i don't think China rules BTC..

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October 23, 2017, 10:55:21 AM
 #723

BTC cannot be banned, unless internet  is bannned. But the shutting down of exchanges did create a temporaary fall.. but today at this moment, the value of BTC at 6000$ approx itself has proved that china has no influence on BTC.
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October 23, 2017, 11:22:36 AM
 #724

China's large population help bitcoin grow faster but their announcement of bitcoin ban drag bitcoin price lower but as the issue slowly fade bitcoin price again rally and getting its price high and higher everyday. this only show that china's influence can affect prices temporarily but in the long term perspective china cant affect global business interest

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October 23, 2017, 11:27:17 AM
 #725

BTC ist like a virus, it became global, i don't think China rules BTC..
No it is not like a virus, its like new oxigen that going to spread in the world  Grin Wink . I am sure bitcoin will be adopted by all countries so we do not need china.

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October 23, 2017, 11:28:37 AM
 #726

BTC cannot be banned, unless internet  is bannned. But the shutting down of exchanges did create a temporaary fall.. but today at this moment, the value of BTC at 6000$ approx itself has proved that china has no influence on BTC.

I have also the same presumption that the move of China to ban bitcoin will greatly influence its price.  It just also happened that when China banned bitcoin, Dimon announced that bitcoin is fraud that is why its price went down.  But after just a few days bitcoin came back and its price right now is relatively high.  So just like what you said, China as no direct influence on bitcoin.  Maybe we are just thinking that China has a large population and that it is a huge country that is why we are thinking that it would affect the bitcoin price after China banned it.

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October 23, 2017, 11:31:04 AM
 #727

Yes Bitcoin survive without china because this cryptocurrency is very uses in the world not in china only

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October 23, 2017, 11:36:55 AM
 #728

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 were not dead without china, in fact, we grow much more without china. Look at the bitcoins price today, almost 6000$ and it is the price without china soit means that we can grow much more even if without them. We are on the peek of our value, thw highest value had occurred even without china so it means nothings gonna stops us to grow in this business. And what more if china come back to us again, we will grow even more and that is a great thing

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October 23, 2017, 12:56:13 PM
 #729

BTC cannot be banned, unless internet  is bannned. But the shutting down of exchanges did create a temporaary fall.. but today at this moment, the value of BTC at 6000$ approx itself has proved that china has no influence on BTC.

I have also the same presumption that the move of China to ban bitcoin will greatly influence its price.  It just also happened that when China banned bitcoin, Dimon announced that bitcoin is fraud that is why its price went down.  But after just a few days bitcoin came back and its price right now is relatively high.  So just like what you said, China as no direct influence on bitcoin.  Maybe we are just thinking that China has a large population and that it is a huge country that is why we are thinking that it would affect the bitcoin price after China banned it.

Thats correct. It will influence the price of course but it doesn't define the price. There will be a lot of dump after news like this comes out but the price usually returns to its former value in a few days. 
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October 24, 2017, 04:09:21 AM
 #730

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.
Agreed 100%, China really plays important role in increasing of bitcoin's price. Imagine, every their word can affect price immediately, they caused falls but finally they made current price and that's reality. But without china bitcoin won't die, won't be alive too. It will be hard to keep this price, it will fall because everyone in china will have to sell bitcoin and when you want quick sell, you have to lower price. Bitcoin won't be N1 currency without china and that's truth to my mind.
A complete ban from China will be great for us not only the price will go down but as you said suddenly all the Chinese investors will want to sell, that will lower the price even more and we will be ready to buy cheap bitcoin once again, I do not see why people worry so much, if that happens we will have the opportunity of a lifetime and I will be ready to take advantage of it.

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October 24, 2017, 04:18:33 AM
 #731

No, I do not think Bitcoin investors will die nor suffer from Bitcoin devaluation without China. It is because Bitcoins is not dependent on any economy. It is economy on its own because it exists online, thus, it will continue to exist even with absolute banning from a particular jurisdiction as long there are willing investors who will make it a success through the principle of supply and demand.

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October 25, 2017, 03:31:40 AM
 #732

I think btc could power through a china dropout. It would cause a pretty big panic but with Bitcoin becoming global over the last few years, china doesn't hold a majority percentage anymore. If you would have asked that question 2 or 3 years ago my answer would be very different.
No chance and even I can’t happen that bitcoin can die without china because bitcoin is now accepted by many countries and recently bitcoin is arrived in Thailand and some other countries are going to accept bitcoin end of the year bitcoin is now reached in single part of the world and its users are increased then last year so bitcoin don’t need china.

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October 25, 2017, 07:17:45 AM
 #733

If I think we will not die without China because there are many other countries that support bitcoin ,,

therefore we must be spirit and diligent only ..
do not be affected for others ..

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October 25, 2017, 12:38:10 PM
 #734

Stop drinking tea it makes you feel nervous. Lol..
China is absolutely contributing alot for bitcoins success. However the life of bitcoin is not dependent to them since the coin is decentralized. So regardless if china will do bitcoin or not, bitcoin will still flourish.

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October 30, 2017, 07:17:39 AM
 #735

Of course not, crypto world is more than china, even if they hold like ~20% of bitcoin  Tongue
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October 30, 2017, 07:20:44 AM
 #736

Stop drinking tea it makes you feel nervous. Lol..
China is absolutely contributing alot for bitcoins success. However the life of bitcoin is not dependent to them since the coin is decentralized. So regardless if china will do bitcoin or not, bitcoin will still flourish.
Bitcoin gets a big help from China and now they will be back in business and in this news the market will be even healthier again. Out of their business for a while the market started to decline but later on it became healthy again. They probably understand that even without them, the market of bitcoin can still go on. They are giant in every industry but it can still move on even without them.

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October 30, 2017, 07:26:51 AM
 #737

Stop drinking tea it makes you feel nervous. Lol..
China is absolutely contributing alot for bitcoins success. However the life of bitcoin is not dependent to them since the coin is decentralized. So regardless if china will do bitcoin or not, bitcoin will still flourish.

And there are news lately that they are going back again? For me its really how they take their support from bitcoin that pained a lot of us. But I guess we have moved on already and we just proved the bitcoin will not die even a country as big as China suddenly quit on us. But them going back again? I don't know, maybe they have some influenced but not the same anymore.

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October 30, 2017, 08:08:40 AM
 #738

Stop drinking tea it makes you feel nervous. Lol..
China is absolutely contributing alot for bitcoins success. However the life of bitcoin is not dependent to them since the coin is decentralized. So regardless if china will do bitcoin or not, bitcoin will still flourish.

And there are news lately that they are going back again? For me its really how they take their support from bitcoin that pained a lot of us. But I guess we have moved on already and we just proved the bitcoin will not die even a country as big as China suddenly quit on us. But them going back again? I don't know, maybe they have some influenced but not the same anymore.

The rumour was that after their National Congress ends , China would allow exchanges to reopen with stricter regulations. But nothing has moved on that front yet. If it does happen, the price could get a real boost.
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October 30, 2017, 08:29:15 AM
 #739

China or no China bitcoin is waxing stronger. The past few months we have seen a rapid growth without China and it means bitcoin can survive without China. This means the decentralized is really paving way, Bitcoin don't need to be manipulated by a certain country. 

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October 31, 2017, 03:44:58 PM
 #740

Bitcoin conceptualize in 2008 and in gradually it spread. In year 2013 Bitcoin got a boom on the Huobi exchange at a high price of 8,000 CNY, with a 20k fold increase in price from 2010.
 
In  2013 Dec, the People's Bank of China stated ‘Bitcoin may not be used as currency’ and warned people about the risks involved. Bitcoin got a panic fall. The very same way, it’s getting volatile with the news.
 
Just to inform, In 2015, approx. 50% mining was done in China but merely mining does not suffice for Bitcoin existence. It should be supported by rational government policies.
 
Hence, without China Bitcoin could not be dead.
 
Actually, in my view, Bitcoin existence is with Mining + Government regulation + Trading exchanges.

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