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Author Topic: Are We Dead Without China?  (Read 16695 times)
TTITA
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November 04, 2017, 06:18:59 PM
 #761

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
 #762

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
 #763

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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November 04, 2017, 06:27:25 PM
 #764

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.

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November 04, 2017, 06:27:57 PM
 #765

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.

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November 04, 2017, 06:33:14 PM
 #766

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!!!!

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November 04, 2017, 06:49:11 PM
 #767

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. 
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November 04, 2017, 07:08:29 PM
 #768

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.

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November 04, 2017, 07:13:57 PM
 #769

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

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November 04, 2017, 07:21:19 PM
 #770

Well, that's a good question because China was a primary driving force in Bitcoin due to its large market share in trading and mining. The world’s greatest consumer-grade ASIC miner is in China. Chinese manufacturers and suppliers specialize in designing and manufacturing Bitcoin mining hardware. Sichuan Province is full of Bitcoin mines due to its cheap electricity. Miners in China are believed make up more than 60% of the Bitcoin network's computing power. China was also the main reason that Bitcoin price has been going up.
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November 04, 2017, 09:07:26 PM
 #771

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
There is no endeavors if the China isn't utilizing bitcoins in light of the fact that there are billions of clients of the bitcoins so don't be stressed we are not dead without China so on the off chance that you are apprehensive than try not to be on account of without China the bitcoins have billions of the clients so on the off chance that you need to contribute cash then the bitcoins will be the best decision of yours in light of the fact that now a days the costs of bitcoins is going increasingly elevated quickly.
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November 04, 2017, 09:25:48 PM
 #772

i dont think that we are dead without china,the price would fall but maybe that wo be a good effect to get some bitcoins cheap again. #lol

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November 04, 2017, 09:26:39 PM
 #773

Bitcoin has hit several new highs since China has stopped trading in Bitcoin so I believe that China doesn't have the power or the impact that people thought they would.
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November 05, 2017, 05:37:47 AM
 #774

We can't deny the reality that China is certainly one particular of the international locations which has a great deal of impact when it arrives to bitcoin and other altcoins.But we must also don't forget that even even though they engage in a fantastic element in it, it is even now just a proportion as compared to the complete world.Of course, we skilled great dip because if their declarations.But as of now cryptocurrency is little by little attaining again.There is would only suggest that there is no country that can one-handedly stop cryptocurrency from turning into common...
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November 06, 2017, 11:25:56 PM
 #775

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.

Because to be quite frank about it, Bitcoin has never been dependent on any country at all, much less china, whose government is infamous of being intrusive and manipulative of almost all kinds of businesses there. Anything that might threaten the government or any of its branches and agencies will face the risk of getting regulated or worse getting banned for good. Bitcoin is not territory-based. It can easily surpass political borders.

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November 06, 2017, 11:52:10 PM
 #776

Of course we could survive without China. I think we have overestimated his true power in the bitcoin world, and it was clearly shown that this is not the case when his attempt to ban the ICOs ended up boosting these businesses and the price of the bitcoin itself.

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November 06, 2017, 11:55:40 PM
 #777

No, we are not, we can live on our own without their help. We can proceed with our lives without them. Bitcoin's supply and demand are continue growing without them.

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November 07, 2017, 02:38:18 AM
 #778

Not really, but you guys have you thought like this. Can I have policy like china did, also expect if my country as big as china with its power and do the opposite which is clear all that kind of bans (in fact the rate so high right now). We aren't dead without china. We just incomplete without china.
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November 07, 2017, 02:44:39 AM
 #779

well, even without china, bitcoin prices can go up as it is today. well, I guess that's not very influential. there are still many people who want to invest in bitcoin other than china, and I'm sure, bitcoin prices will continue to grow.

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November 07, 2017, 02:51:39 AM
 #780

Last year china has banned bitcoin, from that day bitcoin has dropped a little in few weeks, but after that bitcoin has risen more powerful than ever before, maybe the supply for bitcoin is less than the demand, so higher the price the better we are, bitcoin can still survive without china.

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