kamina87
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Merit: 10
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October 03, 2017, 07:02:23 AM |
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The reason BTC can not drastically decrease is because other major economies have supported it as Japan and Germany.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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pugman
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dogs are cute.
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October 03, 2017, 07:31:08 AM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me?  Obviously, because bitcoin is not controlled by anyone or anything technically. The prices can be influenced but other than that, you can't do anything to bitcoin. You can ban, block the IP addresses of bitcoin related sites using a firewall, but that won't change anything. People who still want to use it, will figure a loophole anyhow and take leverage of it. |
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sheldonnnn
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October 03, 2017, 07:35:50 AM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me? I agree with you. Bitcoin is recovering from damage caused by China very quickly. Now it continues to grow up, it is unstoppable. I put great hopes on Bitcoin and believe that it will grow further. |
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bitKaBoom
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October 03, 2017, 07:37:12 AM |
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Of course one country cant bring down a whole price of BTC!
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ankylotic
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October 03, 2017, 07:47:15 AM |
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The reason BTC can not drastically decrease is because other major economies have supported it as Japan and Germany.
many of the countries are supporting it and i don't think china will ever think to down it and it had attempted to bring it down. it has just ban icos which is i think good thing from some prospect because we know there are icos which are scam and there are 80% of icos are scam and some of them listed on exchanges so, in order to handle it it is right and that matter to the bitcoin price as well. |
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dart vader
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October 03, 2017, 07:47:48 AM |
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I totally agree with you that China cant bring Bitcoin down. As we saw last month that after China banned ICO's and Exchanges, there was a huge drop in the price of Bitcoin. But now it's price is increasing again at a very fast rate and soon it is expected to touch $5k. Bitcoin is decentralized and government has no control over it . Some decisions and statements by a person or country can temporarily effect Bitcoin but they cannot have a long term effect.The demand for Bitcoin is increasing as people have started to understand its value. As the demand will increase its price will also increase.So i dont think China or any other country can bring Bitcoin down.If the price of Bitcoin will drop again, it will surely rise again and it will achieve its ATH value.
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bitblackred
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October 03, 2017, 07:51:04 AM |
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China can do it. Because they have the biggest number of the miners
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Pursuer
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Where is my ring of blades...
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October 03, 2017, 08:03:06 AM |
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The reason BTC can not drastically decrease is because other major economies have supported it as Japan and Germany.
these countries support for bitcoin is pretty good, there is no denying that but at the end of the day bitcoin will remain the decentralized currency that the users all around the world will determine the demand for it and consequently set its price not the countries. all these supports and denials will just help speed up or slow down the process respectively. they can not stop it. the adoption is happening and it is growing and with it the price goes up. |
Only Bitcoin
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audrey12
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October 03, 2017, 08:07:15 AM |
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Definitely yes China does not hold the majority of bitcoin circulating in the market so even if they banned bitcoin transactions still the market can sustain and bitcoin will remain strong. Bitcoin is a global currency so as long as there are many people using it, bitcoin will not die and will surely continue to appreciate as the demand goes higher.
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ajmapalo22
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October 03, 2017, 08:18:45 AM |
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Because bitcoin is consider as a global currency if one coutry will not accept or adopt bitcoin they will not change the status of bitcoin in other countries economy in fact because they banned bitcoin in their country it's more likely that the opportunity for other people around the world will increase. So we better not worry about China if they didn't like bitcoin.
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sishahid
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I am a Professional Graphic Designer
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October 03, 2017, 08:42:37 AM |
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It is a large country with huge population. Only 20% people know about it. It is no so caused of worry for them.It is very small compared to people all over the world. Because of China, its impact will not look too much. Please note that its price has increased greatly.
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hitrawal91
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BitcoinSN - The Real Bitcoin!!!
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October 03, 2017, 08:59:25 AM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me? Yes i completely agree with your statement that no matter how big you are , you could not bring the bitcoin price down. The price of bitcoin is really going up and this is the reason that china's ban couldn't affect the bitcoin prices as they cannot control the demand & supply of bitcoin even after the ban of ico in their country. I cannot confidently say that china was interested to ban those ico and bitcoin exchanges. But instead they are planning to regulate the bitcoin process in their country with some rules and regulation and i hope they will release their own cryptocoin soon. |
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TheUltraElite
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Call your grandparents and tell them you love them
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October 03, 2017, 09:05:46 AM |
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Even if China bans bitcoin the people will find newer methods to transact bitcoin and obviously use the TOR and darknet to do transactions and keep themselves anonymous. Then again even if they totally stop bitcoin usage they cant really stop the growth of bitcoin. People are not willing to lose their money and hence they sell in panic when they see such news come up. But they must learn the nature of such FUD. It is there only to make then panic and sell while other people will take advantage of the opportunity.
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Cranidos
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October 03, 2017, 12:45:09 PM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me? Of course China alone can't bring bitcoin down. Compare to the number of investors world wide who believe in btc they're just a small percentage. They might have contributed when they aggressively jumped on board and made an impact but I know we can succeed even without their help. In my opinion, China is just playing the power game here and wanted to show their influence but honestly even if they withdrew their support they're not a loss. |
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Crypto_trader87
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October 03, 2017, 02:17:09 PM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me? No i know china theres a big rules in bitcoins life but i dont think so if china can take down bitcoin from its growing time its almost a lot of people not only in china doing a bitcoin earning so thats almost imposible to take down bitcoin in one country only |
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ibrohim
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October 03, 2017, 02:46:06 PM |
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i totally agree with you, even though China has left bitcoin, it doesn't affect on price bitcoin. it continues to rise. china can't make it die.
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damrianto
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October 03, 2017, 03:40:11 PM |
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it's true chinese are not able to carry bitcoin down because china is one of the most populous or densely populated country and the average most bitcoin lovers most also in china so that bitcoin keeps going up from day to day and it is unlikely this bitcoin can fall for china area ..
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bitbunnny
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October 03, 2017, 03:45:57 PM |
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China is big country but it's not the only player on the Bitcoin market. The influence of recent issues with exchangers is exaggerated and it wasn't that important as it looked but it caused panic selling. The price has recovered now and in the future the things will also settle in the China.
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Denies
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October 04, 2017, 06:18:30 PM |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me? the end of china has ended, now we are looking more forward, I'm sure one day anti china and korea will be involved again on bitcoin. maybe they are right, to prevent false and false ico. I think now many countries are following to legalize like japan. |
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mobnepal
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Merit: 1006
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October 04, 2017, 06:31:01 PM |
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Market turned into bullish after news about possible hard fork spread out, people are just anticipating upcoming fork to be as good as the last one so that they can get easy profit by just holding bitcoin. But I really doubt on that one, I will rather wait to buy more bitcoin than jumping into it right now. We might not have any impact on market in future from chinese fud because China is now out of bitcoin trading.  |
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