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Author Topic: Are We Dead Without China?  (Read 14669 times)
ghost14k
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October 30, 2017, 08:29:15 AM
 #741

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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skylark001
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October 31, 2017, 03:44:58 PM
 #742

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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October 31, 2017, 03:52:08 PM
 #743

a new exchange will open in china.
i do not think china is dead.

link (german site)
http://www.deraktionaer.de/aktie/schluss-mit-china-s-bitcoin-boykott--neue-boerse-angekuendigt-342490.htm

still looking for a good signature
omnitudeorg
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October 31, 2017, 03:54:45 PM
 #744

Nope, China will come back around soon enough, as Bob Dylan once said: "The Times They Are A-Changin"
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October 31, 2017, 09:36:03 PM
 #745

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 can survive without China, but it is obvious that a shock is going to happen if the Chinese get completely out of bitcoin, however after some time bitcoin is going to go back to normality, I do not think that bitcoin viability is going to be at risk let alone its survival, so if they want to get out, let them since there are many people in the world that are willing to buy their bitcoins and create their own mining farms.

i dont think so that BTC will be dead with out china...because BTC now have came the worlds top crpto currency..but keep that in mind with out china BTC have to take some time to higher its value.
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October 31, 2017, 09:38:06 PM
 #746

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 can survive without China, but it is obvious that a shock is going to happen if the Chinese get completely out of bitcoin, however after some time bitcoin is going to go back to normality, I do not think that bitcoin viability is going to be at risk let alone its survival, so if they want to get out, let them since there are many people in the world that are willing to buy their bitcoins and create their own mining farms.

i dont think so that BTC will be dead with out china...because BTC now have came the worlds top crpto currency..but keep that in mind with out china BTC have to take some time to higher its value.

It's decentralized which means it doesn't need any specific country to be strong. All the community can support and demand it worldwide. That's why we're here on this ecosystem.

It will be much stronger.

3kpk3
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October 31, 2017, 09:40:10 PM
 #747

Nope, China will come back around soon enough, as Bob Dylan once said: "The Times They Are A-Changin"
Who cares whether china will support crypto or not? No government will ever succeed in regulating bitcoin and the crypto world. The whole china debacle in recent times was simply blown out of proportion. The chinese are simply trying to play the crypto market in a strategic way to milk profits for themselves which is very smart on their part.

scottykarate
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October 31, 2017, 10:04:37 PM
 #748

Yeah, the Chinese government are known for their currency manipulation, so this isn't surprising. They will regulate and control it to a certain degree and things will smooth out...once the government figures out how to get their slice of the pie.

I'm sure all governments and big businesses/investors is viewing it from a similar angle, though.


But, having China onboard all the way again would be great. The more the merrier!

Squidoogeek
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October 31, 2017, 10:10:32 PM
 #749

It might be preferable if the Chinese government was flexible enough to let its citizens stay involved, but Bitcoin can survive without China. It would just require some rearranging of resources and/or a willingness to put up with reduced hashrate for the short term until somebody else picks up the ball. China can't be the only country with cheap electricity.
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October 31, 2017, 10:38:43 PM
 #750

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 are definitely not. Indeed, what happened before with China resulted into a big trouble for the whole cryptomarket includig Bitcoin. Its market value fell but it was able to fully recover and to have a much larger market value of 6000$ and still increasing, from a value of 3300$, its market value when the downfall happened. It clearly shows that Bitcoin is still as this succeesful with or without China.

thenameisjay
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November 01, 2017, 03:44:25 AM
 #751

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.

Considering now that bitcoins are still in the circulation, so we're still alive. China does have the biggest reserves and has the mining rigs to show for but there are still major countries that contribute to the total supply of bitcoins other than China. There are still a lot of miners who still see profit from mining and it's amazing that the supply is still steady because of them.

Sweetbtc
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November 02, 2017, 12:31:42 PM
 #752

Its not true we can still survive without china. Its true china is the place where the demand of crypto is higher than other country or i should say they're number 1 on it. But its not mean they're the owner of bitcoins. Bitcoin is free and nobody can control it. Well the price fall down when china banned it but the price is back to normal and even more higher than before
DBronze98
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November 02, 2017, 05:09:10 PM
 #753

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 can not die without China. Prices may be lower than 10-20% of current bitcoin prices. And for a long time the price will go up again

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McKane
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November 03, 2017, 08:41:58 PM
 #754

Its not true we can still survive without china. Its true china is the place where the demand of crypto is higher than other country or i should say they're number 1 on it. But its not mean they're the owner of bitcoins. Bitcoin is free and nobody can control it. Well the price fall down when china banned it but the price is back to normal and even more higher than before
China is the nation which isn't permitting the bitcoins to be utilized as a part of their nation yet don't be stressed over the bitcoins in light of the fact that the clients of bitcoins are billions and it doesn't make a difference that China has restricted the bitcoins on the grounds that the billions of individuals in different nations are utilizing bitcoins and they are getting to be plainly tycoon yet the general population of China are unfortunate however soon they will likewise permit the bitcoins to be utilized by the general population of China and after that there economy will likewise be solid like different nations.

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November 04, 2017, 04:18:49 PM
 #755

Its not true we can still survive without china. Its true china is the place where the demand of crypto is higher than other country or i should say they're number 1 on it.

And relevant data to back up your claims?
Besides mining China is close to null in the bitcoin environment. No usage no shops no services...nothing.
Juts fake data on exchanges and lots of morons panicking over every statement of the central bank.
China means 0 for bitcoin.
And that has been demonstrated.

China is the nation which isn't permitting the bitcoins to be utilized as a part of their nation yet don't be stressed over the bitcoins in light of the fact that the clients of bitcoins are billions and it doesn't make a difference that China has restricted the bitcoins on the grounds that the billions of individuals in different nations are utilizing bitcoins and they are getting to be plainly tycoon yet the general population of China are unfortunate however soon they will likewise permit the bitcoins to be utilized by the general population of China and after that there economy will likewise be solid like different nations.

They haven't banned bitcoin, that was just and it still is FUD.
They have just banned ICOs and have asked the exchanges to comply with regulations.Nothing about bitcoin.

They are just enforcing rules to control how and how much money are entering into crypto.
You won't get arrested for having an app wallet with 10 bitcoins on you while traveling around China. Nor if you decide to send them to some random guy.
When converting from and into fiat without proper papers, that's when the fun begins.

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November 04, 2017, 04:33:19 PM
 #756

They are just enforcing rules to control how and how much money are entering into crypto.
You won't get arrested for having an app wallet with 10 bitcoins on you while traveling around China. Nor if you decide to send them to some random guy.
When converting from and into fiat without proper papers, that's when the fun begins.
I thought things were much worse... if it's really true, then in China not everything is so hopeless)) Well, as we can see - China's bans don't prevent the growth of bitcoin


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lepricoin
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November 04, 2017, 04:39:27 PM
 #757

All the same bitcoin has the property of decentralization, so we can not say that we will die without China, and they will probably transfer their farms to another country. so this will not be a problem, I think

Yakamoto
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November 04, 2017, 04:42:09 PM
 #758

Its not true we can still survive without china. Its true china is the place where the demand of crypto is higher than other country or i should say they're number 1 on it. But its not mean they're the owner of bitcoins. Bitcoin is free and nobody can control it. Well the price fall down when china banned it but the price is back to normal and even more higher than before
China is the nation which isn't permitting the bitcoins to be utilized as a part of their nation yet don't be stressed over the bitcoins in light of the fact that the clients of bitcoins are billions and it doesn't make a difference that China has restricted the bitcoins on the grounds that the billions of individuals in different nations are utilizing bitcoins and they are getting to be plainly tycoon yet the general population of China are unfortunate however soon they will likewise permit the bitcoins to be utilized by the general population of China and after that there economy will likewise be solid like different nations.
There was never a ban on Bitcoin in China, I thought we had been over this enough times that people didn't believe that there were only banning Bitcoin, or Bitcoin at all for that matter. It was ICOs, the big moneymaking scheme for those who want to spend only time on making a token or a coin, sell it for a relatively large profit, then move on to making the next one and start it all over again. I'm against ICOs almost as a whole since they rarely have a legitimately good new thing for the crypto community, so I feel indifferent to China's ICO ban.

It's also a wonderful means of money laundering.














 

 

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johny.valencia2
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November 04, 2017, 05:24:05 PM
 #759

its depends upon people and countries that some countries depend upon other countries and without that countries they are dead,but as of ourselves we are not dead without china.

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November 04, 2017, 05:35:21 PM
 #760

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 can survive without China, but it is obvious that a shock is going to happen if the Chinese get completely out of bitcoin, however after some time bitcoin is going to go back to normality, I do not think that bitcoin viability is going to be at risk let alone its survival, so if they want to get out, let them since there are many people in the world that are willing to buy their bitcoins and create their own mining farms.

i dont think so that BTC will be dead with out china...because BTC now have came the worlds top crpto currency..but keep that in mind with out china BTC have to take some time to higher its value.

It's decentralized which means it doesn't need any specific country to be strong. All the community can support and demand it worldwide. That's why we're here on this ecosystem.

It will be much stronger.
China belongs to the 3 top industrial countries around the world and that's a fact. When chinese banned bitcoin, it affected it so bad that it droped to the half of it's value and  lots of people thought it was the beginning of the end for bitcoin. Now i heard news that the russsians are buying bitcoin that's why it's getting more expensive. China is a big country but even without it, we are not dead, and the current situation of bitcoin is a proof.
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