Lukochuri78
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Activity: 34
Merit: 0
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November 07, 2017, 08:35:10 PM |
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Actually China is not against on Bitcoin, they are trying to build their own crypto. Already Bitcoin is able to recover this issues.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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BTCMILLIONAIRE
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November 07, 2017, 08:36:32 PM |
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As recent events have shown, bitcoin easily managed without China and grew in price even much more than it was supported by China. Recently, the crypto currency has not reacted at all to the events in China related to the prohibitions on crypto currency. This once again proves that bitcoin and other crypto currency has even greater reserves and are able to grow and develop without the support of individual countries because this phenomenon is supranational.
Very true. The world is big so it doesn't matter if China wants to play or not. But even if the government starts fiddling around, the Chinese people don't necessarily care about it and will still keep investing for as long as profits can be made. |
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dobladi
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November 07, 2017, 08:43:31 PM |
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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 obviously not. It is true that thebmoment we lose China, major cryptomarket fell down but it turns out that it is an advantage for bitcoin, few weeks after the backdrop. It's market value since then increased continuously. After recovering from the backdrop, its market value of 4200$ increased up to now which is 7400$ without China. |
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treather
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November 07, 2017, 09:08:10 PM |
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China is an important country when it comes to cryptocurrencies and I consider them a power house
But the thing is that as important as they Are, the commucommunity will survive without them easily.
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scipida
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November 07, 2017, 09:48:20 PM |
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Why not expand this issue - every day in China produced so many pairs of socks that would be enough for the whole world!..  |
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ZainSpider
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November 07, 2017, 10:11:31 PM |
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I wonder what Chinese are thinking today watching bitcoin crossing 7K without them.  |
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Laurayaki
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Activity: 93
Merit: 10
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November 07, 2017, 10:16:13 PM |
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the Chinese are too smart not to succeed in buying: D
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Rishabh riyz
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November 08, 2017, 04:53:45 AM |
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BTC is on the top because of the advantages and financial freedom that is offers to people not because Chinese use them ,
It is not that only Chinese use bitcoins , the users are evenly spreaded across the globe and even if china bans bitcoins it is good for Bitcoins. Banning would create awareness in people about BTC and make it a popular crypto.
And I believe if china leaves BTC only one thing would happen is that the Rest of the world would get more to mine and earn.
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Phyton76
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November 08, 2017, 03:24:03 PM |
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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 not definitely dead without China but China is indeed a big contributor to bitcoin and other cryptocurrency as well. But i wont believe that all of the China's cryptocoin holders could have really sold their coins. The sudden fall on price can also be attributed to those who have panicked about the news during the past few days. Maybe some real chinese holders are just laughing right now because othe nationalities are selling while they are still holding and buying.China is helpful also to us. |
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Arindava
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November 08, 2017, 03:33:14 PM |
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With what has happened and has passed, we all know Bitcoin will live without China, but China's influence on Bitcoin does exist but it does not make bitcoin die.
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Majharul Saiif
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Activity: 512
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BountyMarketCap
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November 08, 2017, 03:34:42 PM |
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Generally it is said that China is the power house of crypto currency. We are not dead without China but we are lose many investor who are really invest in Bitcoin.In China,there are almost more people connected to Bitcoin.So,it is harmful for Bitcoin but not dead without China.Because, many other country people are connected to it now.
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Jupeter
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November 08, 2017, 03:41:32 PM |
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Bitcoin doesnt rely on China - not in any country for a matter of fact. We will survive through this FUD and grow stronger because of it.
For me its a big no, Bitcoin is still the best cryptocurrency even without china because there are many rich country that is still trust the bitcoin, so the future of bitcoin is very bright with or without china, Bitcoin popularity is increasing every week and every month so it has no chance that it will be dead or will be gone. |
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Virman01
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November 08, 2017, 03:42:45 PM |
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without china is not a big problem, there are still many other countries that also become big market bitcoin.
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fanten
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Activity: 266
Merit: 101
The Future of Global Copyright Registration
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November 08, 2017, 03:47:32 PM |
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i dont think we are dead with China yet. China is just one among the many countries in this world and without China, we can still survive. The bitcoin wont die just because of banning exchanges in China. Many i think will have their own way of trading btc in China. they may ban in the surface but not under the ground. Look at bitcoin now, it is going strong without China.
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Aufar
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November 08, 2017, 03:48:59 PM |
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We can not deny the fact that China is indeed one of the most impacted countries when it comes to Bitcoin and other Altcoins.
China is an important country in terms of Crypto-crypto and I regard them as power plants.
and we will not die because of China, believe me ...!
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ConfusedThief
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November 09, 2017, 03:22:42 AM |
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China is really a large and significant market. Dropping it's a materials ad expensive blow regardless of who you speak toAs far as the question of whether it is necessary for Bitcoin to succeed, rapid is answer is no. Looknat Google and Facebook, that have both been prohibited in China for a long time, but still flourish. The planet is a big location men.The larger problem at hand is the fact that what China has done results in. How many other countries will take the same position, and how quickly? .
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redcucumber
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Activity: 153
Merit: 14
SOLARIS COIN
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November 09, 2017, 03:28:21 AM |
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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. it can affect the market but we can still survive without them playing the role, yes its a huge impact if china is not around playing in the trades but slowly the market will rise after this event and it can continue to its operation in investment and trading |
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Yankeestyle
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November 10, 2017, 05:44:06 PM |
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Be that as it may, I wont trust that the greater part of the China's cryptocoin holders could have truly sold their coins. The sudden fall on cost can likewise be credited to the individuals who have froze about the news amid the previous couple of days. Perhaps some genuine chinese holders are recently snickering at this moment in light of the fact that othe nationalities are offering while they are as yet holding and purchasing
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BTCMILLIONAIRE
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November 10, 2017, 05:49:32 PM |
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Be that as it may, I wont trust that the greater part of the China's cryptocoin holders could have truly sold their coins. The sudden fall on cost can likewise be credited to the individuals who have froze about the news amid the previous couple of days. Perhaps some genuine chinese holders are recently snickering at this moment in light of the fact that othe nationalities are offering while they are as yet holding and purchasing
I find it hard to imagine that Chinese investors would actually dump too, at least the ones who really understand what crypto will be in a few years. With the profits they can just move to another country if China doesn't let them use them. |
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DrGuns4Hands
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November 10, 2017, 05:52:06 PM |
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If china will be out, yeah it may affect us but not that much. China holds almost 20% of bitcoiner but it doesnt mean that we will be crashed out if they disappeared. We can still stand and continue throught out. The flow of bitcoin will still go and maybe new rules and regulation may be applied.
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