Are We Dead Without China?

[brickafterbrickwalldpt]

China is not the only county in the world, and while it does hold a high spot in terms of economy and stock exchange it would not really kill off bitcoin or cryptocurrency idea as a whole. It might hurt it a bit, but China banned BTC then it would really only hurt itself, opening a door for a new country to ursurp the throne of the hub of bitcoin trade.

[pucunghul]

bitcoin will never die even if china is not involved anymore. I really regret for china. but that's the decision of a country. I think they will slowly re-engage in bitcoin. bitcoin is able to adapt despite attacks from several countries. bitcoin remain high quality and increase popularity in the world.

[red4slash]

Bitcoin will keep growing better than yesterday without China because there are still many big countries whose people are interested in bitcoin. It is unfortunate that the Chinese government made that decision. Although it is disappointing for some people in the world but we can not do anything if their country makes such a regulation. And my hope is no longer a country that forbids bitcoin from entering the nation because bitcoin is an investment

[yuni52]

Without China bitcoin will remain strong because there are still many big countries using bitcoin yes it's a very disappointing Chinese decision to ban and close bitcoin but at least we have to remain optimistic there are still many other countries that still use bitcoin.

[mozillaspez]

Good thing is china now has no more manipulations. Unless they make it ilegal to own bitcoin in china.

China is very cleaver state they know what is powerful thing so they know that bitcoin will take over their currency therefore they are trying to banned bitcoin but it is not possible as they are thinking.

[jago25_98]

It's just a rumor to scare people. There are numerous other articles in the past about
China's ban but it never happened. And IF it happens, not much will change. Bitcoin can easily survive without China.

[android17]

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 don't think that bitcoin will be stopped just because china banned the usage of bitcoin. In fact there are many other users of bitcoin around the globe. The problem is that there are many investors from china, that is the reason why we experience continuous dump several days before; but then bitcoin is still there!

[jvdp]

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 don't think that bitcoin will be stopped just because china banned the usage of bitcoin. In fact there are many other users of bitcoin around the globe. The problem is that there are many investors from china, that is the reason why we experience continuous dump several days before; but then bitcoin is still there!

Good Analysis of bitcoin. It may be the one of the reason, the price of bitcoin fluctuates often. But still the bitcoin is alive. No one can destroy the bitcoin from the digital currency system. It has it own value. It takes miles to grow  so.It's not at all possible to destroy the bitcoin.

[romero121]

It's just a rumor to scare people. There are numerous other articles in the past about
China's ban but it never happened. And IF it happens, not much will change. Bitcoin can easily survive without China.

As mentioned even without China the growth of bitcoin will be big, but certainly to some extent a large scale impact will be experienced during the early days. The reason is that, at present the majority of the network of digital currency is dependent on China. When it comes to bitcoin, mining and user base is quite high in China than other countries.

[Funeral Wreaths]

although China has been considered as the biggest population where the bitcoin investors are mostly living there, i don't think it will be the cause of the major shut down of bitcoin throughout the world. if it is the reason, do you think bitcoin will still be existing up until now since it has been a couple of days after the banning of cryptos in China? we are in an unstoppable train right now in short that train was Bitcoin itself.

[GreenBits]

we wont be dead, per se, but it will be different if China leaves the scene completely. this isnt the case, and wont be the case, but lets entertain the question. China makes up alot of the volume of the total market, at least according to them. China also generates the majority of new bitcoins that go into circulation. so removing the biggest sources of supply and liquidity would certainly have a serious effect on the market. not even considering that its widely believed China is the reason for the price runs. if that rumor is true, then they are also a serious source of demand as well. for one, we would see a way more reasonable price, and two, we wouldnt see as much of this volatilty, but the price swings would be much more grave. kinda how altcoins act, its a result of the smaller caps.

[Nissan-GTR]

China is a huge market for crypto currency, but it does not mean anything. If China would have banned the circulation of the crypto currency, it would have continued to exist successfully in the rest of the world, flowing from China to these countries. However, China does not plan to ban crypto currency and therefore there is no danger for it. There work is under way to regulate its circulation within this country and its results will soon be seen.

Well I agree, and yes China is indeed a huge contributor in bitcoin and based from some statistics China has a huge impact in world's wconomic status and people here are being frightened since bitcoin have been banned in bitcoin as they say , but still bitcoin is still functional today , I think bitcoin is not dependently working on China but it has a huge effect when they banned bitcoin in their state.

[raven7886]

Why would we be dead without China? The fact is that supplying to man ratio would be greatly changed if China were to burn all those going out just fine with the ones of us that have them. If you do not have Bitcoin right now that you probably will see a change in the value that it will make it profitable for you to buy right now

Yes I agree with you, bitcoin will survive without china. The death fear is all about the mining of bitcoin as they hold almost 80 % miners in china but when there is a well there us a hope and the hope is that if china banned mining other people in the world will start as already many other countries have started bitcoin mining. The people are now trustworthy about bitcoin and they will never let it die.

[michnelli6]

no i didn't think that , bitcoin can still be good with out china , also i didn't think china will block bitcoin .

I don’t know why some people are scared that China is out of the block. Why is China even regarded as the powerhouse, while there are other countries like Japan, Russia and U.S ? For me I don’t think China is all we need to build a better future for bitcoin. They have to make space for others to shine.

[Yamifoud]

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 think it's more than 20% of bitcoin are in the hands of China. As we observed the sudden dump of bitcoin in the past days because of banning all cryptocurrency in China, it signifies that their country is a huge contributor of all cryptos. And probably they hold a large numbers of bitcoin compared to the countries, but still we won't afraid of that because there are more countries supporting bitcoin and it will rise again.

[Nicol3]

China doesn't own Bitcoin and China does not control Bitcoin in the first place so why would we die without China? Though we have lots of investors coming from China, there are also investors from other countries too.

[Teraboy]

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 think it's more than 20% of bitcoin are in the hands of China. As we observed the sudden dump of bitcoin in the past days because of banning all cryptocurrency in China, it signifies that their country is a huge contributor of all cryptos. And probably they hold a large numbers of bitcoin compared to the countries, but still we won't afraid of that because there are more countries supporting bitcoin and it will rise again.

Now china have nothing, all those bitcoin are migrating to other countries, china has lost control over "a little affect" to bitcoin and now we are, having more stable price of bitcoin than when the regulations of china were about to came out.
They're now no more than ordinary country with bitcoin users but with more strict rules.

[Eugenar]

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 banning ICOs and Bitcoin exchange is indeed a loss for crypto community. It resulted to continuous dumpa that made the cryptomarket fall. But as what we are seeing, Bitcoin is slowly climbing its way up after the downfall and that's good especially if it will continue. Which proves that Bitcoin can still survive without china. Bitcoin still has a large community that provides high market demand to make its market value, high.

[Kim Domingo]

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 cryptos ? 

I agree with that and we cant deny the fact China is one of biggest contributor in bitcoin as well as in worldwide economy in which they hold big percentage of annual improvement of income and transactions when we are talking about money, but I dont believe that bitcoin is dead without China, it is still functional, people can still exchange and invest here but we should accept that when they banned bitcoin in their place bitcoin's price dump at 10% which is totally disturbing in exchanges and transactions here, people who hold bitcoins gets alarm and immediately transfer almost half of their earning into their country's currency but still bitcoin is slowly taking its price and I believe it will still be functional.

[AdamCooper]

If china bans it then another powerhouse will just pop ip instead. India or Japan.