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brascopck
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October 15, 2017, 05:38:48 AM |
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I'm not quite sure about that but China is give a big impact into bitcoin for sure. When China banned ICOs, the bitcoin price fall so hard. I can't imagine if China banned completely bitcoin, something big will happen on that day.
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rockyram
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October 15, 2017, 05:43:02 AM |
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Bitcoin does not depend on any nation or central authority, hence its widespread appeal. At most banning it will depress pricess temporarily, but it will soon recover as investors realize that all attempts to ban it will be futile. Eventually, nations will come around to embracing bitcoin as they realize it cannot be suppressed.
Very true, China and the likes cannot dictate what bitcoin should be and with their little manipulation through negative propaganda the end result was a major hike in it's prices and that is why i don't think any regulatory authority or country has power enough to topple bitcoin. Ya this simple things show bitcoin is decentralized. It's the advantage of bitcoin. It's can't control by any of the Country. Not even US can control the bitcoin. Even they tried and failed to get control of bitcoin. Even China tried .All lead to fail only.No one can control the bitcoin. To die,bitcoin is not at all depend on China. The current price will give you a answer for this. |
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waqarkahloon
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Staker.network - POS Smart Contract ETH Token
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October 15, 2017, 06:29:55 AM |
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this FUD is now over. It effected price of BITCOIN for a while but finally people forget about china regulations and again start investing in BTC and here we are with BTC at 5800$. This means that adoption of bitcoin is increasing day by day resulting in increase in market capital of btc and hence increase in prices. We will see a big increase in prices of other altcoins as well after this wave of btc price rise
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catalystal
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October 15, 2017, 06:37:32 AM |
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We can't deny the fact that China is indeed one of the countries which has a lot of impact when it comes to bitcoin and other altcoins.
But we should also remember that even though they play a great part in it, it is still just a percentage as compared to the whole world.
Yes, we experienced great dip because if their declarations.
But as of now cryptocurrency is slowly gaining again.
There is would only mean that there is no country that can single-handedly stop cryptocurrency from becoming popular.
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vltnqefi
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October 15, 2017, 07:00:01 AM |
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Well, how do you say that? In fact, most bitcoin investors in China have largely accepted the fact that there is no bitcoin exchange in China. But it is important that there is no law in China that explicitly states that bitcoin transactions are illegal, so far. So most of the currency to buy way is through the otc, because do not have any legal obstacles, so for Chinese investors, just need to re-register another home abroad virtual currency exchange account, such as polo and bittrex.
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Omega Weapon
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October 15, 2017, 09:16:55 PM |
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Bitcoin price just managed to surge to another high record this week without the chinese, so I believe the China government must be realizing that their ban on ICOs and crypto-currencies exchange won't affect the bitcoin price in the long run, maybe it is truly better without the china market.
I would not mind if China came back to the market but it is very obvious to me they do not want to play fair they just want to manipulate the market and use cryptocurrencies as they see fit and since bitcoin was created precisely to avoid that then it could be for the best they stay away from icos and that their dominance in the market keeps going down. |
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knowcrypto
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October 15, 2017, 09:32:52 PM |
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No currency in history has ever needed china.
Question becomes how much will it slow down growth of crypto.
So far it doesn't seem like the threat of china blocking everything has slowed any of it down much.
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Squidoogeek
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October 15, 2017, 09:37:11 PM |
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I think Bitcoin can survive without China. Sure, it'll be a hit if China finds a way to ban Bitcoin and enforce it (which would be tough without a lot of wasted manpower). But it wouldn't stop me from using Bitcoin from where I'm sitting in Florida. As far as the "lack of exchange" problem is concerned, the number one thing I've spent Bitcoin on is gift cards. Let someone else worry about converting to fiat if they're gonna.
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btcjocan
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October 15, 2017, 09:38:25 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.
Well in my opinion China closing of exchanges affected in someways but they are only one country and Crypto Currency is operating worldwide for sure Bitcoin would be in adjustment stage right now because of those news in China but it will still continue and not even China could stop it. Definitely not. I don't think bitcoin will die just because China banned it in their country. China government is not very important to make bitcoin survive and increase its price. We have many options so there's no need to worry if China is can't accept bitcoin. |
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1DC
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October 15, 2017, 09:40:45 PM |
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No, I don't think so. Yes China is a country that really helps to increase the price or value of bitcoin. But it does not necessarily means that without China, the bitcoin value will also dead. It just happens that China is large country that is why it will have a huge impact in crypto market.
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soy
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October 15, 2017, 09:45:13 PM |
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It is clear that the Asian exchanges are closed one by one, that some Asian countries are claiming against the bitcoin week after week and yet the bitcoin has never been so strong. It is a decentralized currency, nobody can do anything against it, while a government is for or against, it will not prevent...
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shield132
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October 15, 2017, 09:50:25 PM |
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No, I don't think so. Yes China is a country that really helps to increase the price or value of bitcoin. But it does not necessarily means that without China, the bitcoin value will also dead. It just happens that China is large country that is why it will have a huge impact in crypto market.
Agreed 100%, China really plays important role in increasing of bitcoin's price. Imagine, every their word can affect price immediately, they caused falls but finally they made current price and that's reality. But without china bitcoin won't die, won't be alive too. It will be hard to keep this price, it will fall because everyone in china will have to sell bitcoin and when you want quick sell, you have to lower price. Bitcoin won't be N1 currency without china and that's truth to my mind. |
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plr
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October 15, 2017, 09:51:10 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.
No we are going to be ok and bitcoin will move forward without China and now that the new fork is coming this october 25 we are seeing a new surge in price so we are better with or without China , we still have Japan who's also a big stakeholder. |
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MineMax
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October 16, 2017, 03:13:36 PM |
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The Chinese federal government, which is all about centralization, is flexing it truly is muscles right now. The elections are coming up soon. When the president is re-elected, I expect the temper will change. Communism is about control. Crypto is the reverse of that. The truth that governments and huge multinational firms are railing in opposition to cryptocurrencies is a Great sign that they are scared. They know they can not management it!
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tenkuna
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October 16, 2017, 03:48:08 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.
I do not think so . A country can not defeat all countries if they hold 70% of the BTC. Prices may fluctuate but not much. |
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dmbragin
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October 17, 2017, 08:52:02 PM |
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china is the biggest industry for bitcoin.it is also called fullhouse.but if china is not granted bitcoin,then marketplace place is likely slow for couple of times. but number of times later, it will very good once again........
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guoyu78
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October 19, 2017, 11:44:06 AM |
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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. But I think that china is not to control bitcoin because bitcoin is decentralized and free of any restriction and if china withdraw from bitcoin then bitcoin would still be keep continue his journey. Bitcoin is not depended on china, Chinese need bitcoin for their earning purpose. China population is the largest population of the world and they face unemployment issues, therefore china need bitcoin not bitcoin need china so we are not to dead without china. |
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pealr12
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October 19, 2017, 11:57:50 AM |
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China isnt the heart of bitcoin that when china rejected bitcoin, bitcoin will now stop breathing and going to die. I know china is were large investors are coming from but it doesnt mean that when china rejcted bitcoin its already the end.
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richkellj
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October 19, 2017, 02:53:32 PM |
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i think we still can survive without china because people who use bitcoin not only china still many other countries.
I think bitcoin exists in different part of the world and has contributed a lot to many sectors.I firmly believe that bitcoin can still strongly survive even without China,because it is not only dependent with China or with a certain country. The progress of this campaign does not depend as to where you came from or what your societal status is. As we know that china is big economy but still now the bit coin has no practical role in world economy that’s why after banning the bit coin exchanges in china the effect on bit coin is negligible so the question that are we dead without china, the answer is no never, bit coin is alive and performing very well, its price is now much stable and the investor are now much comfortable that even the china ban can never effect their funds value in bit coin. |
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Harrisonimo
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October 19, 2017, 03:06:20 PM |
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Yes, China had a major stake initially when bitcoin started and thus had a somewhat power to influence the market then. With their recent withdrawal from the bitcoin market, it has been quite proven that they are now of non effect to the behaviour of the market; except they come up with another strategy. I believe with this recent outcome, China will definitely be banning a come back into the market as Bitcoin is entering into its full adoption stage.
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