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Author Topic: Are We Dead Without China?  (Read 16799 times)
ConfusedThief
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November 09, 2017, 03:22:42 AM
 #801

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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November 09, 2017, 03:28:21 AM
 #802

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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November 10, 2017, 05:44:06 PM
 #803

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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November 10, 2017, 05:49:32 PM
 #804

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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November 10, 2017, 05:52:06 PM
 #805

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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BTCMILLIONAIRE
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November 10, 2017, 05:53:49 PM
 #806

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.
If China dumped their 20% (if that number is accurate) a lot of people would be very happy. Wink
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November 10, 2017, 05:53:54 PM
 #807

Not at all my friend. What difference does it make other than traders's Bitcoin reducing in value. Smart traders can profit alot from this by buying all the dips
Dip 1 — you buy some Bitcoin
Dip 2 — you buy more
Dip 3 — you buy again
And sell when price goes up. sell again when it goes up again.. .
Leaving the remaining Bitcoin(40—55%) on long-term.


People like us who get paid in Bitcoin will have their pay adjusted upward.
Buyers and sellers of goods and services will adjust their prices too.



Wise words I agree on 100%, just I do something similar using tokens worth of ETH and keep 20-25% daily increase on the amount I got Smiley

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November 10, 2017, 11:37:26 PM
 #808

China is next leader of btc, but many big country like usa hold bitcoins no one stop bitcoins and mining too. Many investor not only in china but the other country that means btc is never down.
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November 10, 2017, 11:43:02 PM
 #809

in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.
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November 11, 2017, 12:33:47 AM
 #810

in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.
Definitely not going to happen. If China really disappeared from the crypto market (and investors won't give a shit about laws, they will keep trading anyways if the rest of the world does too) the prices will simply go down and a lot of people will happily buy up the cheap coins.
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November 11, 2017, 05:42:46 AM
 #811

It has become a fact that Bitcoin has become China-based. China does not have a big bitcoin exchange and does not have the pricing power of bitcoin, but China has a bitter power of bitcoin. Therefore, it is surely not true that Bitcoin does not have China.
 Cheesy
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November 11, 2017, 06:08:07 AM
 #812

Today bitcoin is living just fine without china although bitcoin used to depend on china very much years ago, the day china banned bitcoin is the day bitcoin lost its price very much, but after a long time bitcoin has risen again, so with or without china, bitcoin will always be a strong cryptocurrency

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November 11, 2017, 06:15:16 AM
 #813

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy

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November 11, 2017, 06:29:29 AM
 #814

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy
Many countries are supports bitcoin now, there are two countries which bitcoin is know so well, japan and USA. The industries which embrace bitcoin is make bitcoin even stronger. A lot of contribution made by online shop, hotels, restaurants, even real estate ( especially real estate industries in miami). Those industries sectors will make bitcoin spread, then there is no more china domination.

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November 11, 2017, 06:30:50 AM
 #815

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy
Bitcoin is rising again a couple weeks or so after China has implemented their changes. So at this point things are holding up. I would imagine that if China was a make or break situation for bitcoin that we would have been seeing more and more poor performance, but we have been seeing some stability and increases of late. Nothing in this post is meant to be investment advice, but things are looking more positive recently.
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November 11, 2017, 07:00:01 AM
 #816

What is clear is not at all because china only contributes 20% .so only slightly lost 20% but many developing countries in bitcoin can even beat china.bitcoin still running even though china does not participate.

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November 11, 2017, 09:20:50 AM
 #817

As our opinion with China they can't stop gain of BTC just a few time was halted. But after Ciina will rules around crypto market the cryptos will be more strong.
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November 11, 2017, 09:26:56 AM
 #818

Bitcoin is surely surviving without china ever since Bitcoin has been ban in China there have not been significant effect of market demand for the coin. infact the demand has increase and has risen to $7000 until recent suspension of the hard fork. what some country that have banned bitcoin seems to understand is the benefict it will have on reducing unemployment and standard of living. they banned bitcoin because they think it will affect the economy since they no control over it

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November 11, 2017, 09:31:08 AM
 #819

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.

Bitcoins now are booming even without China. However, China did contribute a lot to the total supplies of bitcoin in circulation but still, butcoins survives and still thriving even without the support of China. However, from my readings, China will be making a comeback but they will be regulated.

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November 11, 2017, 09:35:22 AM
 #820

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.

i think we can. Bitcoin survive even china is not agree by bitcoin.  What about some whale? What they do right? Whale also have a power to fight for their bitcoin so i think too many people or bitcoiners do anything to survive bitcoin.

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