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Author Topic: Are We Dead Without China?  (Read 16797 times)
khanjan12
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October 31, 2017, 09:36:03 PM
 #741

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
 #742

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.
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October 31, 2017, 09:40:10 PM
 #743

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.
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October 31, 2017, 10:04:37 PM
 #744

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!

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October 31, 2017, 10:10:32 PM
 #745

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
 #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.
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.

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thenameisjay
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November 01, 2017, 03:44:25 AM
 #747

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.

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November 02, 2017, 12:31:42 PM
 #748

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


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November 02, 2017, 05:09:10 PM
 #749

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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November 03, 2017, 08:41:58 PM
 #750

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
 #751

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
 #752

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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November 04, 2017, 04:39:27 PM
 #753

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

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November 04, 2017, 04:42:09 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.
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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November 04, 2017, 05:24:05 PM
 #755

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
 #756

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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November 04, 2017, 05:40:13 PM
 #757

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.
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November 04, 2017, 06:18:59 PM
 #758

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.
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November 04, 2017, 06:25:24 PM
 #759

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.
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November 04, 2017, 06:26:02 PM
 #760

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  Grin

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