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Author Topic: Are We Dead Without China?  (Read 14977 times)
mininghubby
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November 11, 2017, 06:30:50 AM
 #821

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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Wulanayu
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November 11, 2017, 07:00:01 AM
 #822

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
 #823

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.

Never give up! ;-)
thesmallgod
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November 11, 2017, 09:26:56 AM
 #824

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

KingOfWinterfell01
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November 11, 2017, 09:31:08 AM
 #825

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
 #826

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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November 11, 2017, 09:45:50 AM
 #827

This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.














 

 

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pikebu
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November 11, 2017, 09:52:28 AM
 #828

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
Yep, bitcoin is decentralize, bitcoin doesn't need regulator like fiat currencies there are no related between bitcoin with the countries because bitcoin be running with or without the government of countries, system of bitcoin is perfect all of the community bitcoin ( miners, investors and developers of team ) has control it, bitcoin will not be died without China even some countries bans about the bitcoin on their countries.

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gabmen
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November 11, 2017, 01:53:44 PM
 #829

This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.

Right. And we've already hit all time highs right after china pulled out of the crypto cycle. Now the price is again plunging after segwit is cancelled but just like before, it will take a little time before it recovers

bitgolden
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November 13, 2017, 12:52:49 PM
 #830

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.
No and I think it’s not possible as well bitcoin don’t care about china if there is no china so still bitcoin is very popular and strong than ever and after china banned a lot of countries have joined bitcoin because bitcoin have a lot of good qualities and its playing a very big role in economy of any countries and bitcoin have already reduce unemployment.

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November 13, 2017, 03:05:45 PM
 #831

This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.

Right. And we've already hit all time highs right after china pulled out of the crypto cycle. Now the price is again plunging after segwit is cancelled but just like before, it will take a little time before it recovers
Just shows that whichever country doesn't play the crypto game will lose a significant share of the next economic revoultion.

phpartisanmaster
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November 13, 2017, 03:10:12 PM
 #832

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

I agree to that even 30% of the contributor in the market is from china, Still bitcoins will rise again like what is happening right now in the market, The value of ethereum coins are exceeding 300$ again and it is a good news.

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November 13, 2017, 03:11:21 PM
 #833

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.
Absolutely yes, as you can see in the market bitcoin grew so much in the past months after China banned bitcoin. It is only the people of china who can not use bitcoin, yet, bitcoin now is conquering the world so do not panic

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November 13, 2017, 03:14:38 PM
 #834

China is more likely the supplier of the worlds basic materials and supply like anything we know today, from our households to gadgets and computers and phones.
China has also the power to manipulate Bitcoin because there has sudden Bitcoin value change whenever China has making some concerns regarding Bitcoin or cryptocurrency exchange.
If ever China will allow their local cryptocurrency exchange then all that they closed will soon be open, Bitcoin's value will surge again because they have a lot of Chinese investors also that wants to invest not only into Bitcoin but other Altcoins.

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November 13, 2017, 03:18:16 PM
 #835

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

They are the maker of almost miners that every cryptominer is using right now so it means that inside China itself there are a lot of mining corporations that are currently operating within China. And since the electricity in China is quite expensive, some Chinese corporations are expanding Europe because cryptomining can be used also to warm-up homes and they can offer a lot of services than their country itself.

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November 13, 2017, 03:21:24 PM
 #836

We will not die if there is no plumbing Huh?
Although China has a lot of bitcoin investors, it only accounts for 20% of the total bitcoin value, so if that is the case, then we can split it up and buy and buy at cheap prices. Grin Grin Grin
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November 13, 2017, 03:22:40 PM
 #837

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.

China regulation on cryptocurrency exchange was indeed has effect on Bitcoin and Altcoin values globally although this couldn't stop cryptocurrency circulating around the globe but the fact is China has bigger role on cryptocurrency. if they allow cryptocurrency as payment of their exports products then there's huge demand for cryptocurrency that would likely the best option for international mode of payment that is more accessible than cash, visa, paypal or any fiat that are used today that set boundaries of marketing.

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November 16, 2017, 01:54:24 PM
 #838

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.
No it’s not true when china banned bitcoin so after that bitcoin become more strong and powerful than ever because after chain some other countries have accepted bitcoin and some of them make bitcoin legal and still more countries are going to accept bitcoin so bitcoin is now stable with high price in market and it will survive for ever.
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November 16, 2017, 02:03:00 PM
 #839

China has a greater influence on everything today! if we can have them on then we are ok but still not all the world is relying on China.. we can survive without them hehe my thoughts Smiley
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November 16, 2017, 02:32:15 PM
 #840

No more questioning about it, China even the largest BTC mining site. Lying, if china will do the banning, and this issue is long dead.
they do fud the stupid, and have been proven to fail.


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