Bitcoin without China

[OracionSeis]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

[HiringYou]

 As Bitcoin is a decentralized online transaction system which means that government has no control over it. It is true that when China banned ICO's and exchanges,there was a huge drop in the price of Bitcoin but a recovery was seen very soon. People believes in it's potential which is increasing it's demand and this increase in the demand is taking Bitcoin to new highs . After that China incident the price was fallen to apporximately 3000$ but now the price has reached it's all time high value i.e. 5800$. So i dont think Bitcoin really need China or any other country to reach new highs.It is the most renowned  digital currency  that only depends upon it's demand among the people.

[bitcoindusts]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

I agree a country will never control the price of bitcoin but they can control the transaction of bitcoin in their country.  They can either ban or allow the use of Bitcoin.  If ever they banned it then they can prosecute or arrest those who did not follow the rule.  Thus, making bitcoin less popular on that country in terms of usage and transaction.

[ChuckBuck]

If it was before, when China was still the largest bitcoin market in the world, I could say that China could have an impact on the value of bitcoin. However, at the present time, Japan is the only country that can do that. With the selfishness of the Chinese government, they missed the big pie bitcoin.

[Kemarit]

As Bitcoin is a decentralized online transaction system which means that government has no control over it. It is true that when China banned ICO's and exchanges,there was a huge drop in the price of Bitcoin but a recovery was seen very soon. People believes in it's potential which is increasing it's demand and this increase in the demand is taking Bitcoin to new highs . After that China incident the price was fallen to apporximately 3000$ but now the price has reached it's all time high value i.e. 5800$. So i dont think Bitcoin really need China or any other country to reach new highs.It is the most renowned  digital currency  that only depends upon it's demand among the people.

We already passed the stage when China has a huge says in the price, manipulation or otherwise. The last's month saga has ended and we are not enjoying the best without them so its safe to say that we don't need them. They have done their share to promote and spread what bitcoin is today right now. But they have chosen to moved one step back.

If it was before, when China was still the largest bitcoin market in the world, I could say that China could have an impact on the value of bitcoin. However, at the present time, Japan is the only country that can do that. With the selfishness of the Chinese government, they missed the big pie bitcoin.

They are not selfish, they fell threaten that's why the sudden u-turn with bitcoin and crypto's. They can't control the influx of bitcoin into their economy so their Yuan is affected. Japan made leaps and bounds upon taking over from China. What China did in a year, Japan did it in a matter of months. Exchanges opening here and there, huge amounts of trading volumes per 24 hours, opening bitcoin mining hardware. This is some of the stuff that Japan has did to bitcoin in short amount of time.

[wxxyrqa]

I am 100% sure convinced that the success of bitcoin doesn't rely on the goodwill of a certain country, except they would have the power for a 51% attack.

Even if a government will prohibit local exchanges, the citizens have still the option to send money abroad and buy bitcoin there or there will be local traders or they will find other ways to buy bitcoin.

The fact is that bitcoin has become quite popular today and even thanks to the media, a lot of information reaches the common man. The fact that the crypto currency starts to trade not only professionals but also beginners is no secret. I think that this trend will continue And the demand for Bitcoin will rise every day. And this, in turn, will greatly affect its price.

[qwertyup23]

I am 100% sure convinced that the success of bitcoin doesn't rely on the goodwill of a certain country, except they would have the power for a 51% attack.

Even if a government will prohibit local exchanges, the citizens have still the option to send money abroad and buy bitcoin there or there will be local traders or they will find other ways to buy bitcoin.

The fact is that bitcoin has become quite popular today and even thanks to the media, a lot of information reaches the common man. The fact that the crypto currency starts to trade not only professionals but also beginners is no secret. I think that this trend will continue And the demand for Bitcoin will rise every day. And this, in turn, will greatly affect its price.

Though China has the most number of ICOs and investors due to its sheer volume of population, I still believe that one country alone cannot decide the fate of bitcoin especially when considering the number of countries that are beginning to accept it as an alternative way of payment. Looking at Japan, their government is starting to accept ICOs in their country and at the same time supporting bitcoin transactions by providing services that accept it as payment. The number of countries that accept bitcoin as a payment dictate its volatility in price and reputation. Soon, more retailers will accept it as a mode of payment.

[iv4n]

I am 100% sure convinced that the success of bitcoin doesn't rely on the goodwill of a certain country, except they would have the power for a 51% attack.

Even if a government will prohibit local exchanges, the citizens have still the option to send money abroad and buy bitcoin there or there will be local traders or they will find other ways to buy bitcoin.

The fact is that bitcoin has become quite popular today and even thanks to the media, a lot of information reaches the common man. The fact that the crypto currency starts to trade not only professionals but also beginners is no secret. I think that this trend will continue And the demand for Bitcoin will rise every day. And this, in turn, will greatly affect its price.

Though China has the most number of ICOs and investors due to its sheer volume of population, I still believe that one country alone cannot decide the fate of bitcoin especially when considering the number of countries that are beginning to accept it as an alternative way of payment. Looking at Japan, their government is starting to accept ICOs in their country and at the same time supporting bitcoin transactions by providing services that accept it as payment. The number of countries that accept bitcoin as a payment dictate its volatility in price and reputation. Soon, more retailers will accept it as a mode of payment.

Chinese are known manipulators, and they are not doing all this for the first time. I'm here for more then 3 years, and I remember from my first days here about threads how they doing that. Not just pumping, they also hold back the price, you can find many old thread about that. They did it again now, they made all this to drop price down and buy more. As I read now there will be no banning and closing exchangers, all this was just manipulation by Chinese.
I agree with you people, bitcoin doesn't depends from one country, even if it big as China, but all this was one big joke and I doubt that Chinese will stop using bitcoins, that can't happen.

[meanwords]

I think no. Base on my short research (Because I'm too lazy and don't have time  ) most Bitcoins are distributed nowadays in different countries. What is see now is that Japan will be the next king in a few years.

[Lancusters]

I think no. Base on my short research (Because I'm too lazy and don't have time  ) most Bitcoins are distributed nowadays in different countries. What is see now is that Japan will be the next king in a few years.

Japan would dominate the Asian markets. But I don't think they take over the world. Now there are all prerequisites to the fact that the European markets will be under the control of Switzerland. They have long lost confidence in its banking system and will not miss the opportunity to restore its position due to the cryptocurrency.

[Iveyalla]

Without China, bitcoin actually jumped higher. Or maybe because no one has started panic selling. In essence, without China bitcoin will more exist because the world's population more than users in China.

[mrbnson]

Bitcoin does not fully need China to reach new ATHs but in order to reach the highest possible price than yes it needs China, they are such a huge market place that the increased demand from China is huge.

[cotton ball]

Chinese are known manipulators, and they are not doing all this for the first time. I'm here for more then 3 years, and I remember from my first days here about threads how they doing that. Not just pumping, they also hold back the price, you can find many old thread about that. They did it again now, they made all this to drop price down and buy more. As I read now there will be no banning and closing exchangers, all this was just manipulation by Chinese.
I agree with you people, bitcoin doesn't depends from one country, even if it big as China, but all this was one big joke and I doubt that Chinese will stop using bitcoins, that can't happen.

Crypto manipulation is also carried out by the government, they raise the issue that ultimately benefits them, in fact if making bitcoin continues to increase will not be detrimental, but if moving the bulk of trading volume by all means there will be greater fraud, now they only prohibit ICO, and proved not to affect the bitcoin fundamentally.

[Dr.Osh]

well, the current price increase makes a lot of people buy bitcoin, and sell it. china has had such a bad impact on bitcoin prices, but for now, it's no longer important. because the bitcoin has returned to normal

[jamids]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

No, we don't need China to reach new highs. Bitcoin is use all over the world and only a small market share is left in China so China can ban bitcoin and create their own currency as reference to their recent announcement of making their own version of cryptocurrency and the world will just continue to use bitcoin without them. Though it did have a blow in bitcoin this past month but we can see now that bitcoin again reach new all time high and it will continue without them. The big companies continue to grow like google and facebook without them and so is bitcoin and other cryptocurrencies.

[streazight]

I like this idea china has been playing around with bitcoin they act that they love bitcoin and are happy they are the world power but in end they start banning stuffs and start introducing new and different rules to bitcoin

They cannot really introduce any rule perse as bitcoin cannot be controlled and it seems it has proven itself as such after the whole Chinese FUD. You cannot blame china though as all they are trying to do is not to admit anything that will go against their monetary policy or affect their economy in a way and they are trying to be careful not to fully do that and at the same time not to declare that they hate bitcoin. As time goes on, they will just have to stick with one.

I think China only plays a role to disrupt some bitcoin market in the world. they seem to have a plan for a particular purpose. I see it like that china wants to earn a profit. although this is all unproven but I feel that there is something odd and certainly most people feel that way. china that has the largest number of bitcoin users can indeed affect the bitcoin price easily.

China has always have plans and they are really finding a way to stay on top of their game and hence, manipulating the market in a way.

They know what they are doing and the trend will still always repeat itself. It happened last year, few years ago and subsequent years is no exception. However, as day goes by, they keep realizing that it is becoming more impossible to do their tricks.

[Visbay]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

Yes its true noting happen to bitcoin when china banned bitcoin in his country I think bitcoin become more powerful and stronger than ever because instead of china other countries have accepted bitcoin which is a good thing for bitcoin and some other countries are going to accept bitcoin so bitcoin is now stable currency in market with high price.

[KennyR]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

Yes its true noting happen to bitcoin when china banned bitcoin in his country I think bitcoin become more powerful and stronger than ever because instead of china other countries have accepted bitcoin which is a good thing for bitcoin and some other countries are going to accept bitcoin so bitcoin is now stable currency in market with high price.

That might be true, even after some banning statements came out of China, it didn't affect the bitcoin community in terms of price as well growth. China lead to a bigger growth during the early days without which we could have never reached this level. During those days China is the one that helped in mining as well used bitcoin in large scale. So the contributions of China is big and the same will continue forever.

[Kevin77]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Yes its true nothing happen to bitcoin without china when china banned bitcoin in his country so for few days bitcoin was disturbed but then bitcoin come back in his own position but after china banned many of develop countries have accepted bitcoin in their countries and now bitcoin is much more powerful and stronger than ever.

A FUD can not keep in a long time, you need to know the FUD only helps the people created this FUD have benefit, of course I can say the Chinese government or Dimon - CEO JP.Morgan are who have benefit after that FUD.

Large scale traders as well large volume holders can easily create FUD and circulate among the entire user network. In less time. This creates a panic situation among the users who have few or less number of bitcoin in hands. Making this as an opportunity those large volume holders benefit buying low from the small holders. Here nothing to correlate China, which is a legendary participant paving path for digital growth.

Exactly, there are whales and they are in the market. FUDs are ways they can easily manipulate the market and make do with huge gains. This is what everyone should know by now and for long term holders not to bother much about when they see those signals

[rayneh]

I believe the news leaks of the Chinese government's ban on Bitcoin trading and perhaps also Bitcoin mining are not FUD anymore. We have seen BTCC and ViaBTC releasing announcements that they will terminate their exchanges by the end of this month. The rest doubtlessly will also follow.

What will happen to "a Bitcoin" without China? Do we really need them to reach new highs?

nothing would really happen to bitcoin without china because as you see thesedays bitcoin is back and still increasing and soon will skyrocket and reaches to the moon, no matter what crisis its facing. the storm has passed and theres a new season that is blooming on to bitcoins and lastly we wont be dead without china or other countries and online exchanges.

Same thing here, Bitcoin does not need china, The loss of one country does not mean the end of the world for us. Bitcoin is a currency for international, it does not mean a currency centralization in a country like China. Therefore, the opportunity from bitcoin is for everyone and It's still profitable because it's still on rising their value.

Of course, Bitcoin is decentralization system, it does not like currency is centralization in any country. So, no country can controls the price of Bitcoin and only the Bitcoin community can decide its price. Today, the price of Bitcoin has proved it still strong without China is right.

Yes its true noting happen to bitcoin when china banned bitcoin in his country I think bitcoin become more powerful and stronger than ever because instead of china other countries have accepted bitcoin which is a good thing for bitcoin and some other countries are going to accept bitcoin so bitcoin is now stable currency in market with high price.

As you are saying about that china banned bitcoin actually they didn't ban bitcoin because bitcoin is decentralized everyone is freely to use bitcoin because this is the best quality of bitcoin still there are a lot of numbers of bitcoin investor in china. There are still many exchanges which is using and many people are exchanger to exchange bitcoin so we should not say that they have banned bitcoin because no one can ban bitcoin.