Are We Dead Without China?

[Kahoy01]

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.

Of course its a big YES ! there's a lot of country that willing yo invest in bitcoin so maybe the china banned bitcoin it will cause a big impact to the value but we all know that bitcoin is strong so that's why it will increasing again by it's own feet .

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[Mrsmants]

china is the biggest industry for bitcoin.it is also called fullhouse.but if china is not granted bitcoin,then market spot is likely gradual for few times. but handful of days afterwards, it will great once again........

[Ammad1999]

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 Populated country. They have the  20% Hold of Bitcoin. If BTC is banned in China, If this will happens this will not affect This much market. Only 15% to date BTC depressed.
This China is not doing this , Easy

[Akash55]

Of course not.Bitcoin is only banned in china but we have whole world. We are not dead without China.Through china is a big county but we got America, Russia andnd rest of the world

[Restmand]

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 cannot deny that the china have a great or big contribution about the bitcoin. because there's more people in china who used bitcoin and china was a great country too. but i don'd think that the bitcoin will dead without china. there's more many big country like US and Germany and australlia was using bitcoin.yeah it affect the value of the bitcoin like the suddenly falling down the value of bitcoin but. even though its suddenly fallign down the value of bitcoin is expensive and now its rising again.

[treather]

Yes they are a power house, but the limited amount of bitcoins would ensure the rest of the free world can do without them. recent events show the market is recovering and growing in strength.

[Bitcoininvestment]

Nope I mean,the bitcoin has already survived without them and there are still lots of bitcoin users from different countries and I think that it will not affect that badly to the bitcoin.Bitcoin was being used all over the world.

[Jasper Crypto]

Of course not. There just gonna be opportunities. Most chinese people dont have btc anymore.

[sebasman2]

Yes, Europe, USA, Russia and Japan are more than enough to make a currency. We don't need China. Of course China is huge and they are a huge part of the community, but we don't rely on them.

[Jamjamz30]

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 survive without China, and I think that's impossible to be happen. Imagine, China is one of the biggest owned average of bitcoin mining farm in the whole world. They get big profit in bitcoin, so its really possible for them to give up bitcoin as well.

[Chanock]

China is true powerhouse country and many people of them are holding bitcoin but in's not a necessary were dead without china and no reason to panic. China hold more than 20% of bitcoin and the larger amount of bitcoin is spread out around the world and market cap. That why we don't need to panic and depend on what happen in china.

[n691309]

No, we are not dead without china. We are growing more strongly. China doesn't control major part of bitcoin. China can influence bitcoin but it doesn't cause much problem.

If China had that much power, either we would have been already dead or become slaves of them. No country has this much power to destroy any other without having a great loss and that is why there is no war happening around. China had a major role in crypto coin's world but it was not everything. It left bitcoin and the currency is still surviving rather making progress with more strength than ever.

[Influmezo]

No need to be concerned without china.. Since bitcoin is already popular, so even with out China we will survive.But for now the bitcoin development will be a little late due to china difficulties.We just need to have to tolerance my pals  

[dificanovi]

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.

bitcoin will always exist even if China has banned bitcoin in its country. chinese countries that have so many bitcoin investors that when banned its bitcoin the BTC price has decreased, but not long the bitcoin price rises again, this is a sign of bitcoin without china alive.

[jpoker272727]

according to me the ban of btc in china is a set back for bitcoins,china is a huge country and plays an important role in bitcoin marketing/trading,but this doesnt mean that bitcoin will fall,all have set backs this is one of them ,the crypto currency is sure to rise.

As bitcoin is a new digital currency there will be the promoters and demoters around the globe, but that doesn’t mean that bitcoin will die.

Everything which takes place faces a lot of obstacles and hurdles but the time shows that the right thing always wins and the enemies accepted their defeat. Bitcoin is a legal currency and is worldwide acceptable and usable. Chinese decision will never succeed in their aim.

[bittraffic]

BTC price is now back to 4800 without China. I guess I'm wrong about us needing them for its price to be back again to its ATH. We're not dead even without China. Bitcoin lives!
But the struggle still continues now that there are a lot of people trying to destroy BTC including Jaime Dimon and there was the news about Korea banning BTC too.

[Sasuke102001]

Why would we be dead without China we are alive, bitcoin is alive, everyone is alive. China banned bitcoin and it only affected bitcoin for a very short period of time and the prices are pretty  much gone up in recent days. China does not own bitcoin that CHina banning bitcoin would actually kill bitcoin and the bitcoin users. Yea it is pretty much clear Bitcoin is not dead without China.

[cybersofts]

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.

Lol this whole bullshit "China is banning bitcoins" is already priced in at this point. We're down 30%± and I highly doubt that 30% of bitcoins are even owned by Chinese people. You think every single Chinese person sold? That's a joke. There are massive bitcoin farms and tons of bitcoin supporters. It can't be stopped. They were way too late.

China cannot kill bitcoin for just banning cryptocurrency exchanges. it would take more than that to at least break bitcoin talk-less of destroying it.
Bitcoin now show the world what true decentralization means after China. Bitcoin is now fully recovered after all that happened with which, yet on the to set the new all-time high. I can't imagine how bitcoin price will be in the next 5-10 years, regardless of what other people are saying about bitcoin.  

[Intersan]

BTC price is now back to 4800 without China. I guess I'm wrong about us needing them for its price to be back again to its ATH. We're not dead even without China. Bitcoin lives!
But the struggle still continues now that there are a lot of people trying to destroy BTC including Jaime Dimon and there was the news about Korea banning BTC too.

That's true, it means that without china we can survive. Bitcoin is world currency, it is not for china only, there is country who loves bitcoin cause it gives a huge profit to here. Maybe that time, when china banned the bitcoin, the price decrease but it is easily recovered as what we encounter now. All successful business encounter hindrances, it is part of the business that encounter of challeges and measured the skills of business.

[elliottflz65]

All China did really is give us free publicity. Yes they banned the exchanges from operating but people will still find ways around it.