Are We Dead Without China?

[24core]

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.

[1713480878]

1713480878

[Kakawate]

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.

[skyflakes88]

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..

[Mjeramirez]

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.

[akmittal]

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.

[Evangeline2]

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.

[CoinChili]

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

[Bitcoinislifer09]

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.

[slashz9]

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.

[patz22]

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.

[poplolnman]

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.

[Washball]

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.

[USScrypto]

Bitcoin didnt start this job with China, and also know dont need China to be active in the world. I think if China is not going to use Bitcoin is gonna be dead.

[jennywhzz]

Bitcoins is free for all everyone have rights to use it. Nobody can control it neither can china. Bitcoin will never end even if the china completely banned the bitcoins. We don't really care about it on how china goes about it. I heard china is the biggest contributor of crypto currency,but that not mean they're handling the bitcoin or they can create any decision of using or banning the bitcoin worldwide.

[rizalzal]

without china bitcoin will not die because of the free bitcoin in access all over the world. without china any bitcoin will still exist

[darklus123]

Basically we are much more alive having chat out from the picture. In that way mining can be on the all sides of the world. Mining power is evenly divided in each part of the earth that uses bitcoin. I can't say tho if we could get this price by now if there is no china but that isn't obviously not the issue

[CircularLoGic]

I belive the goverment has taken action in it because it was  becaming too mainstream on China, people started to use it everywhere and people left paper money for digital currency.
While that is happening and they decided to turn bitcoin exchangers and deals down, they'r working on create China own digital currency I doubt is it going to be a way for competition
on bitcoin (Because we know there'r are many altcoins on the market) without the same success bitcoins has.

[Avity]

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 not dead without China.  Bitcoin did not originate in China, nor are they the only ones mining it.  Do they have a stake in bitcoin? Yes.  If they totally banned it tomorrow it would affect the price but it would not kill it.  More like growing pains.

[Images21]

China is not the powerhouse of Bitcoin. Rather, it is the powerhouse of substandard and fake brands. LOL. And oh, china is also the number one manipulator and controller of any fake pumps and dumps. There is no point giving enough attention to the decisions and laws of this country. Bitcoin is free from any countries and any regulatory measures of these countries. Bitcoin is born alone and became huge, taking support not from a single country but from the people themselves.

[Naoko]

Probably not! Crypto is not only China, but most investors from there - this is not the only reason that bitcoin survived, there are still a lot of people from different countries who invested in bitcoin and believed in it, so if we don't want that bitcoin will dead, then this will not happen.