Are We Dead Without China? - page 23.

Vatimins

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Quote from: iamTom123 on September 14, 2017, 10:05:09 PM

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.

Clearly, bitcoin can survive without china. That is a known fact. Yes, china may have a very huge population which are mostly crypto currency lovers. They may have cheaper everything else that makes doing crypto easier, but you also have to consider that china is not the whole world. Chinese people are nothing but a fraction of all the people who love crypto currencies. Losing them won’t kill bitcoin. It may cause damage but not as much as what you think it would. And probably even make bitcoin better.

chaser15

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Quote from: Quietman on October 04, 2017, 03:31:18 AM

China is really an influencial country and has a great impact with the world's economy. Even in bitcoin, it has an impact too. But none can stop bitcoin or any ICO. Even China. We may loss a small part but look how bitcoin has recovered from FUD and negative issues regarding China. If you are gonna assess bitcoin is very firm that it can regain reputation again and again.

China plays big roles in crypto economoy but it doesn't mean that they will able to make cryptos dead once they stopped interacting with these.

There will be some stress moment and we can see lots of negative news but still we are in long term goals in cryptos much especially in bitcoin. Just be optimistic because it will pays off. Look at how the price is continuing it's strong trend.

Omega Weapon

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Quote from: bryant.coleman on September 28, 2017, 03:29:55 AM

Quote from: Sirait on September 28, 2017, 03:20:15 AM

look, what happened to Bitcoin since they banned Bitcoin initially the price dropped but now its price has gone up again, community lovers Bitcoin pretty strong so even though there is one country that Bitcoin banned is okay, do not be afraid ..

I guess the prices recovered as the Chinese users moved their coins to other exchanges (especially those in South Korea and Japan). In the end only the Chinese government is going to lose. They will lose tax money and employment opportunities to South Korea.

This happen every time there is a regulation of a market in a coutry, governments apply laws to try to get taxes and get a greater degree of control over their citizens, but now we have the option to move our money all around the world, so if they are going to take that posture people are simply going to move their funds elsewhere, that happens everywhere if you want to open a business but your country has heavy regulations, you may decide to open that business in another country, people are going to choose whatever benefits them the most.

Quietman

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China is really an influencial country and has a great impact with the world's economy. Even in bitcoin, it has an impact too. But none can stop bitcoin or any ICO. Even China. We may loss a small part but look how bitcoin has recovered from FUD and negative issues regarding China. If you are gonna assess bitcoin is very firm that it can regain reputation again and again.

anklas

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Well i think we are not dead without china. China is only one country and lots of country around the world are in bitcoin investments. Though China has a lot of investors i think it will nit affect that much the banning of bitcoin and exchanges in their country Bitcoin will still recover without China.

Jgatsby

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Pretty kewl right?

We all know that there are a lot of people who uses bitcoin in china, especially miners, they hold about 20% of Bitcoin. Even though they can create a huge impact, it's not enough for Bitcoin to die. Prices may fall but surely it will be back to normal, just so you know Bitcoin is Unstoppable, even Bill Gates said so.

kondor1030

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Banning Bitcoin might elevate the price. People will continue selling it on the black market and start smuggling vouchers into the country. People will have to pay premium over the market price. Everybody will forget about China in a couple of months.

georgiyfo

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We are unable to deny the fact that China is in fact a single of the nations around the world which has a good deal of impact when it will come to bitcoin and other altcoins.But we should also bear in mind that even though they enjoy a wonderful element in it, it is nevertheless just a proportion as in comparison to the total planet.Yes, we seasoned wonderful dip due to the fact if their declarations.But as of now cryptocurrency is little by little gaining again.There is would only imply that there is no country that can one-handedly quit cryptocurrency from getting to be popular...

Heacygg

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Of course not. Bitcoin price already is $4,400!

loopes

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Quote from: futuret on October 01, 2017, 12:38:56 PM

Quote from: mrfaith01 on September 30, 2017, 07:37:46 AM

No definitely not...there is a lot of country using bitcoin..even though there is no china bitcoin can make it through there is a lot of people using it..there is a lot of community group that support bitcoin and the other crypto currency so just relax and dont mind the china

No it is not and the price of the bitcoin is still going high and the value will increase no problem if one country is making it down. The price of the bitcoin is high for the people who are good at the skills such investing and the trading so make money and don’t put your attention towards the rumors. The future of the bitcoin is bright.

i just saw my mobile wallet and realize that now the current price of bitcoin is about four thousand, four hundred and forty one (based on blockchain rates). do you know what it means? it means that now bitcoin get back it power without china. many people still supporting bitcoin. i am sure that the price of bitcoin will always increase and reach new record in the end of this year.

Chachacoin17

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Quote from: iamTom123 on September 14, 2017, 10:05:09 PM

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.

For today's current price of bitcoin which is already increasing again, I can definitely say that bitcoin will survive even without China. New I vestors and believers of bitcoin will fill in their place. More and more countries and merchants are now accepting bitcoin.In a matter of few months, bitcoin will hit $5k-$10k ! Bitcoin will soar up high again.

ss890

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Barely think so man. Why china is that important? We survived the bitcoin after banning of china also so it's not a big deal. Just checkout the graphs of bitcoin, they are again coming online and going to be on top of everything once again. Roll Eyes

China might come back again, but who cares now as we knew whatever effect was there due to china it's gone after dew days only. So big nvestord know what they are doing in general. They will never let the bitcoin go down.

brickafterbrickwalldpt

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Not at all, bitcoin isn't controlled entirely by China, and even if they banned bitcoin in their country it would be a really bad choice market-wise, as they would lose the position as a btc farming powerhouse, in result creating a vacant spot for another country, like Russia, to take the spot.

futuret

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Quote from: mrfaith01 on September 30, 2017, 07:37:46 AM

No definitely not...there is a lot of country using bitcoin..even though there is no china bitcoin can make it through there is a lot of people using it..there is a lot of community group that support bitcoin and the other crypto currency so just relax and dont mind the china

No it is not and the price of the bitcoin is still going high and the value will increase no problem if one country is making it down. The price of the bitcoin is high for the people who are good at the skills such investing and the trading so make money and don’t put your attention towards the rumors. The future of the bitcoin is bright.

Therly

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Is the entire world stagnant with out China? You must know that the china is might only a big place of the globe. The total world is not dependent on China, but China is dependent on the complete world! ‍How we are lifeless with out china?

TanyaDegurechaff

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They say a thin line separates genius and madness.

What China caused a great impact on the value of bitcoin right now but it won't be the end of bitcoin. Remember China is only part of the market and not the market itself. And I don't believe China will ban ICO's for long since they are greedy and want every opportunity to earn money and ICO's is no exception. It's just there is no assurance that the ICO will be profitable and will not turn into scam which led to Chinese government officials to step in to ensure that their citizens are protected. But I don't believe that crap the main reason a government bans something is that they cannot get tax from it. just like in my country they banned jueteng which is similar to lotto but jueteng owner don't pay tax to the government and that's whats make it illegal.

Dilladupak

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I do not think bitcoin will die without china. my opinion bitcoin without china will not die bitcoin in every countries that interested in the whole world. because many miner bitcoin user is not limited to certain country people all over the world.but Chinese investors who have lost the opportunity to benefit because their government decisions have been harmed by certain situations or actions. bitcoin is famous for almost every country because of the rising bitcoin price

Adil Amim

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Quote from: krigger on September 30, 2017, 03:22:06 PM

Yes. China is the only country using Bitcoin. Without it the entire cryptocurrency community would collapse and fail forever, never to return. Without China we can only wish for doom... Grin

/s

You are wrong Brother!
Chinese hold only 20% of the total volume, so the price will drop for sometime but soon it will get back to normal.

Adil Amim

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We are not dead without Chain because Chinese hold only 20% of the total Crypto world. The price will fall for sometime but soon it will get back to normal.

Toden1379

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China is not bitcoin so no. They did affect us negatively due to closing exchanges and ico ban but i believe chinese investors will find a way to get in the bitcoin market. Crypto market is very lucrative and people who are into making money will always find a way.

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