Are We Dead Without China?

[thenameisjay]

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]

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]

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

[McKane]

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.

[stompix]

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.

[Naoko]

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

[lepricoin]

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]

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.

[johny.valencia2]

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.

[birra guzez]

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.

[BUY_SELL]

In China, in any case, both bitcoin and other crypto-currencies will be beneficial. Even despite the fact that China has announced a crypto-yuan. And the more so since China has long been known for its manipulations in the financial sphere of currency circulation.

[TTITA]

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.

Agreed, with or without China, bitcoin remains strong. It have proven that bitcoin communities remain strong without being influenced by a country's politics. despite some correction, but bitcoin has returned to its path.
I am interested in some statements that China will be taking out ico's as well. this certainly indicates they still want to actively engage in business crypto for sure in the future.

[Kronosss]

Crypto doesn't need China to keep going. Bitcoin would fall a lot if they were to ban it completely, but it would still remain strong and rise up again.

[AshikurRahmanKhan16]

I don't think so , Yes it's true that China has a big market for btc , because china is a big country with lots of people.
And there were many btc miners from china. If really china government stop btc in their country then btc will lose 10-15% share. But it will not affect on btc.

So, don't worry my dear. Btc is going to hit 10k in new year. Wait for that moment  

[Misshi]

Of course not. There are a lot of other countries who supports Bitcoin, China is just one of them. So we are not. I know China has hidden agenda about its banning of exchanges and others. So don't be afraid on FUD news. It's just their manipulation so that people will panic sell then they will buy what you sold.

[bitctrimor1]

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.

I don't think that bitcoin will be that much affected that it would be in the brink of so-called death. China, like as mentioned in the reply is certainly a big player in the Market, but there are so many other contributors in the bitcoin industry that keep its value.

[musaonliner]

bitcoin not dependent on china,without china bitcoin price is highly, no need to china market for bitcoin,if accept bitcoin then would better,,without chaina bitcoin price 7k..very strongly come back after segwit,,,and bitcoin never destroy we believe that!!!!

[Bitfyer]

I think that Bitcoin will survive with or without China. If all the cryptocurrencies activities was prohibited in China, Bitcoin would still find its way to the top. Miners would move to countries where Bitcoin is legal. Japan could be the new home of big miners. 

[Zigzagkuy]

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.

I agree with you, do not panic. there are many other countries that support bitcoin. we still have hope that bitcoin will not just die. keep thinking positive about bitcoin.

[Fatemablabla]

I dnt think chaina has the power to finish bitcoin,think positively and hope for the best