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Author Topic: Are We Dead Without China?  (Read 14647 times)
Phyton76
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November 08, 2017, 03:24:03 PM
 #801

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.

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November 08, 2017, 03:33:14 PM
 #802

With what has happened and has passed, we all know Bitcoin will live without China, but China's influence on Bitcoin does exist but it does not make bitcoin die.

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November 08, 2017, 03:34:42 PM
 #803

Generally it is said that China is the power house of crypto currency. We are not dead without China but we are lose many investor who are really invest in Bitcoin.In China,there are almost more people connected to Bitcoin.So,it is harmful for Bitcoin but not dead without China.Because, many other country people are connected to it now.

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November 08, 2017, 03:41:32 PM
 #804

Bitcoin doesnt rely on China - not in any country for a matter of fact. We will survive through this FUD and grow stronger because of it.
For me its a big no, Bitcoin is still the best cryptocurrency even without china because there are many rich country that is still trust the bitcoin, so the future of bitcoin is very bright with or without china, Bitcoin popularity is increasing every week and every month so it has no chance that it will be dead or will be gone.

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November 08, 2017, 03:42:45 PM
 #805

without china is not a big problem, there are still many other countries that also become big market bitcoin.

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November 08, 2017, 03:47:32 PM
 #806

i dont think we are dead with China yet. China is just one among the many countries in this world and without China, we can still survive. The bitcoin wont die just because of banning exchanges in China. Many i think will have their own way of trading btc in China. they may ban in the surface but not under the ground. Look at bitcoin now, it is going strong without China.

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November 08, 2017, 03:48:59 PM
 #807

We can not deny the fact that China is indeed one of the most impacted countries when it comes to Bitcoin and other Altcoins.
China is an important country in terms of Crypto-crypto and I regard them as power plants.

and we will not die because of China, believe me ...!

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November 09, 2017, 03:22:42 AM
 #808

China is really a large and significant market. Dropping it's a materials ad expensive blow regardless of who you speak toAs far as the question of whether it is necessary for Bitcoin to succeed, rapid is answer is no. Looknat Google and Facebook, that have both been prohibited in China for a long time, but still flourish. The planet is a big location men.The larger problem at hand is the fact that what China has done results in. How many other countries will take the same position, and how quickly? .
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November 09, 2017, 03:28:21 AM
 #809

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.

it can affect the market but we can still survive without them playing the role, yes its a huge impact if china is not around playing in the trades but slowly the market will rise after this event and it can continue to its operation in investment and trading

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November 10, 2017, 05:44:06 PM
 #810

Be that as it may, I wont trust that the greater part of the China's cryptocoin holders could have truly sold their coins. The sudden fall on cost can likewise be credited to the individuals who have froze about the news amid the previous couple of days. Perhaps some genuine chinese holders are recently snickering at this moment in light of the fact that othe nationalities are offering while they are as yet holding and purchasing

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November 10, 2017, 05:49:32 PM
 #811

Be that as it may, I wont trust that the greater part of the China's cryptocoin holders could have truly sold their coins. The sudden fall on cost can likewise be credited to the individuals who have froze about the news amid the previous couple of days. Perhaps some genuine chinese holders are recently snickering at this moment in light of the fact that othe nationalities are offering while they are as yet holding and purchasing
I find it hard to imagine that Chinese investors would actually dump too, at least the ones who really understand what crypto will be in a few years. With the profits they can just move to another country if China doesn't let them use them.

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November 10, 2017, 05:52:06 PM
 #812

If china will be out, yeah it may affect us but not that much. China holds almost 20% of bitcoiner but it doesnt mean that we will be crashed out if they disappeared. We can still stand and continue throught out. The flow of bitcoin will still go and maybe new rules and regulation may be applied.

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November 10, 2017, 05:53:49 PM
 #813

If china will be out, yeah it may affect us but not that much. China holds almost 20% of bitcoiner but it doesnt mean that we will be crashed out if they disappeared. We can still stand and continue throught out. The flow of bitcoin will still go and maybe new rules and regulation may be applied.
If China dumped their 20% (if that number is accurate) a lot of people would be very happy. Wink

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November 10, 2017, 05:53:54 PM
 #814

Not at all my friend. What difference does it make other than traders's Bitcoin reducing in value. Smart traders can profit alot from this by buying all the dips
Dip 1 — you buy some Bitcoin
Dip 2 — you buy more
Dip 3 — you buy again
And sell when price goes up. sell again when it goes up again.. .
Leaving the remaining Bitcoin(40—55%) on long-term.


People like us who get paid in Bitcoin will have their pay adjusted upward.
Buyers and sellers of goods and services will adjust their prices too.



Wise words I agree on 100%, just I do something similar using tokens worth of ETH and keep 20-25% daily increase on the amount I got Smiley
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November 10, 2017, 11:37:26 PM
 #815

China is next leader of btc, but many big country like usa hold bitcoins no one stop bitcoins and mining too. Many investor not only in china but the other country that means btc is never down.
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November 10, 2017, 11:43:02 PM
 #816

in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.
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November 11, 2017, 12:33:47 AM
 #817

in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.
Definitely not going to happen. If China really disappeared from the crypto market (and investors won't give a shit about laws, they will keep trading anyways if the rest of the world does too) the prices will simply go down and a lot of people will happily buy up the cheap coins.

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November 11, 2017, 12:44:22 AM
 #818

Well we were not dead without china. Look at us now, we are here!
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November 11, 2017, 05:42:46 AM
 #819

It has become a fact that Bitcoin has become China-based. China does not have a big bitcoin exchange and does not have the pricing power of bitcoin, but China has a bitter power of bitcoin. Therefore, it is surely not true that Bitcoin does not have China.
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November 11, 2017, 06:08:07 AM
 #820

Today bitcoin is living just fine without china although bitcoin used to depend on china very much years ago, the day china banned bitcoin is the day bitcoin lost its price very much, but after a long time bitcoin has risen again, so with or without china, bitcoin will always be a strong cryptocurrency

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