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Author Topic: Are We Dead Without China?  (Read 16793 times)
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November 23, 2017, 05:45:17 PM
 #861

Don't you think price would have been at 10K by now if China were still catering BTC?

When China announce about their BTC bann on exchanges, the price  had terribly plunged down in a day.  If were to add up the amount of USD from china, its price would have been more than 10K. But we're not dead though.

Yes the price probably would be comfortably above 10k by now but that the price has still increased tremendously without China and that alone shows that we do not need them for BTC to survive.
I doubt it. People outside of China don't give a shit about Chinese legislation. And people inside China will still trade Bitcoin if it's profitable enough, they'll just have to jump through more hoops to get some.

I do not know and it is hard to answer definitively but I would expect that although many still trade and use bitcoin many of the investors who were less tech savvy or understanding of bitcoin will have sold their coins. I'm talking about your guy who doesn't really understand bitcoin but bought some because his friend told him to.

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November 23, 2017, 10:22:26 PM
 #862

Hardly think so guy. Why the far east is that important? We made it the bitcoin following outlawing of china also therefore it is not an issue. Just checkout the graphs of bitcoin, they are again coming on the internet and going to be along with everything once again.  The far east may come back again, but so what now as we understood whatever effect was there because of china it's eliminated after dew days only. Just too large nvestord know what they are doing generally. They'll by no means allow the bitcoin drop.
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November 23, 2017, 10:29:25 PM
 #863

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.

No we're not dead even without china, we do not need china to be successful. Haven't you look at the market after china banned bitcoins in their country. Yes we fall but after a month we slowly recovered and even set a new record high, look at the market now bitcoins have already reached $8000 each and that is without china so how can you say that we are dead without china. Bitcoins are becoming more popular than they are before and the demands are getting high ad so as our price. China are the oneswho are missing some money in their economy.
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November 23, 2017, 10:39:19 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.
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.
bitcoin cant disturb by country, maybe bitcoin price can fall to earth because of some country banned bitcoin, but for some month it will normal again and like no happen with last accident. crypto current still stay strong like you say.


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November 23, 2017, 10:52:38 PM
 #865

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.
Not really because there are still countries that can cope up with China like Russia. And I think it is impossible for Chinese government to ban bitcoin all over their country because we know China how they are in that kind of situation.

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November 23, 2017, 11:11:05 PM
 #866

All governments and central banks are against cryptos.
I think we will see a lot of turbulence in bitcoin. Does anyone sells VIX options on cryptosGrin
China is the one of most influential country in the world. But does not means that we are nothing without china. We know china is a big help to us, but it depend us how we work for it for our country, and how we can help to improve our country, we know china is big importer and exporter. But if we help our country we like china one of the richest country.

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November 24, 2017, 03:00:29 AM
 #867

All governments and central banks are against cryptos.
I think we will see a lot of turbulence in bitcoin. Does anyone sells VIX options on cryptosGrin
China is the one of most influential country in the world. But does not means that we are nothing without china. We know china is a big help to us, but it depend us how we work for it for our country, and how we can help to improve our country, we know china is big importer and exporter. But if we help our country we like china one of the richest country.
China is mostly "rich" (in the sense of having a high GDP) by having a ridiculously large amount of citizens. Per capita they are almost dirt poor.
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November 24, 2017, 03:47:47 AM
 #868

As you can see, without China now, the bitcoin price has reached a new height. Therefore, going to China is a good thing, not a bad thing. China is indeed a factor of instability. Grin

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November 24, 2017, 03:54:24 AM
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Bitcoin wont die because of China. It is hard for something as big as Bitcoin to just die out. Also one country cant decide the fate of a coin.  It takes multiple country's and much more to make a large difference in the price.

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November 24, 2017, 04:41:51 AM
 #870

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 very important country in our world today, look every where and you will see that everything is made in china, that makes everybody in need of Chinas services. Without China, I guess its gonna be a lot harder to live, they are very strong, sometimes boastful, I get it, but it is because they worked hard for it.

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November 24, 2017, 05:01:48 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.

not really but its true that china is really big that it brings the crypto world huge part of the market but if we are talking sustenance or survival of bitcoin without china i think i might not happen for blockchain is decentralized other countries will take advantage of this if this happens..

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November 24, 2017, 05:16:13 AM
 #872

China is a very significant market for bitcoin currently holding about 20% of all bitcoin, loosing China will definitely hurt bitcoin but I do not think it will be the end for bitcoin. I think bitcoin has establish the foundation to be the most stable cryptocurrency out there and will be able to dealt the issue properly even without China.

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November 24, 2017, 05:24:44 AM
 #873

China has the great potential for Bitcoin and Altcoin. China play big role in crypto market. But Bitcoin and Altcoin will also serve without China. Now China will negatively effect without crypto.
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November 24, 2017, 05:52:38 AM
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China has always been a bitcoin powerhouse, and after months the Chinese government has started to crack down on bitcoin deals, but the bitcoin mines have not been hit yet, but there are sources that the Bitcoin mines may be hit soon And cancel.
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November 24, 2017, 06:38:12 AM
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China has always been a bitcoin powerhouse, and after months the Chinese government has started to crack down on bitcoin deals, but the bitcoin mines have not been hit yet, but there are sources that the Bitcoin mines may be hit soon And cancel.


There's a great money and opportunity with this business, I don't think their country would take that so easily, especially that they are known a huge asic mining manufacturers
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November 24, 2017, 06:48:02 AM
 #876

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.
The bitcoin will not die just because of china because we will not depend on china. We will not depend on china because we all know that we can have a progress in bitcoin even if we don't have a transaction in china.Yes,china has many contribution or role in crypto in bitcoin but we can also have a contribution to bitcoin if we just continue bitcoin even if there's no help from china. All things are possible just trust ourselves.

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November 24, 2017, 07:02:39 AM
 #877

I think at the beginning of bitcoin is prohibited in china market was chaotic bitcoin prices dropped dramatically but over time bitcoin stabilized and its price continues to rise. so whether bitcoin can survive without china? of course can, because bitcoin like internet network no one controlling it.

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November 24, 2017, 07:12:41 AM
 #878

No! They are not the backbone of this industry. Well, it affected the market and this world when they banned ICO's but it only caused a short term effect and after a couple of weeks it went back to normal. Yes, they are one of the biggest contributor in crypto but we can still continue without them.

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November 24, 2017, 07:17:33 AM
 #879

Don't you think price would have been at 10K by now if China were still catering BTC?

When China announce about their BTC bann on exchanges, the price  had terribly plunged down in a day.  If were to add up the amount of USD from china, its price would have been more than 10K. But we're not dead though.

Yes the price probably would be comfortably above 10k by now but that the price has still increased tremendously without China and that alone shows that we do not need them for BTC to survive.
china are the most contributed bitcoin mining , that's why people talking about how huge their influence in bitcoin . more than 10 big bitcoin mining pools are chinese pools. no wonder we think bitcoin might could die burned down without them as they are so dominant. the headlines everywhere about this are so misleading , actually they are still in action , it's just the matter of government regulation about bitcoin exchanges.

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November 24, 2017, 09:49:01 PM
 #880

China bans bitcoin because the government is afraid that capital will get out of the country. But they should take Japan and South Korea as an example and follow their steps. Nevertheless, even with the huge number of miners, banning Bitcoin will not have such an effect that we should worry about that.

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