Are We Dead Without China? - page 35.

Bitcoincole

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Quote from: Kisanaq on September 19, 2017, 08:01:00 AM

Bitcoin is decentralized, currently bitcoin market share is about 65 billion USD and this is a huge market share, many people say that china is the biggest user of bitcoin but in fact the chinese government banned bitcoin, if true china depends on the price of bitcoin drop below $ 1000, but this is not proven because the bitcoin price is $ 4100.

China plays a big contributor of bitcoin holder and other cryptocurrency world wide, but i don't believe that all of that coin can really sold. Even if they banned bitcoin right now, we can still survive because it could be a strategy of china to make panic other bitcoin holder to sell with a low price and show that they are not interested but to collect some coin.

iphone5s

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Quote from: Tszunami98 on September 19, 2017, 07:48:41 AM

China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.

That right, do not worry so much about the information that china doesn't like bitcoin.

Kisanaq

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Bitcoin is decentralized, currently bitcoin market share is about 65 billion USD and this is a huge market share, many people say that china is the biggest user of bitcoin but in fact the chinese government banned bitcoin, if true china depends on the price of bitcoin drop below $ 1000, but this is not proven because the bitcoin price is $ 4100.

Tszunami98

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China has 20% of the market so it wont hurt bitcoin thath much...it already bounced back from its drop. Nevertless there are always going to be oportunist ready to fill in the space that CHina left..so there is no need to worry... CRYPTO IS UNSTOPABLE.

alan2here

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WorkAsPro

In the past time we have seen the domination of the Bitcoin market because China holds a lot of Bitcoin in the past few years. I think this will make many investors fear with China because if China still exist, the Bitcoin price will certainly encounter many difficulties.

sishahid

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I am a Professional Graphic Designer

Recently China has banned Bitcoin. Many people say that the Bitcoin is not banned, the ICO has been banned. It is one of the largest countries in the world with a lot of population. Only 20% of the people of the large population is involved in this transaction. In their limited use, global transactions will not seem to have any effect, that I think.

Xakki777

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I think we can cope without China, and the trick is that in China it was forbidden before bitcoin and then allowed. I think that this situation will soon be settled!

jayram

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China holds a significant amount of bitcoin and has affected bitcoin prices in the recent week. Although this may hold its bullish momentum, this is not enough to kill bitcoin in any way. The foundation of bitcoin is strong which was built in a huge networks of miners, investors and users, not to mention the popularity is has gained during the past several years w/c attracts people to build investment through bitcoin

wishingwell

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I thought the idea was that bitcoin was distributed and any person company or country would not have a detrimental impact on it - power to the people and that type of thing?

mevmike

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We can't deny the fact that China is indeed one of the countries which has a lot of impact when it comes to bitcoin and other altcoins.
But we should also remember that even though they play a great part in it, it is still just a percentage as compared to the whole world.
Yes, we experienced great dip because if their declarations.
But as of now cryptocurrency is slowly gaining again.
There is would only mean that there is no country that can single-handedly stop cryptocurrency from becoming popular...
Cheesy

happyme1818

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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.

Bitcoin can survive without China. When bitcoin was invented China is not yet part of the community. One more thing is it is only one country, there are many countries in Europe, Asia, Africa, North and South America that supports bitcoin.

Karpeles

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Bitcoin trade volume is a shadow of the past, less than 10%. Even it becomes 0 the damage wouldn't be too much and could be easily adsorbed with news users around the world. If the Chinese miners shut down, the difficult would be adjusted and things would go back to normal eventually.

Of course the loss of such big market would always make us think what price could be if things were different.

link0221

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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.

why bitcoin
changes its value?

NeuroticFish

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

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.

Yes, it can. But fluctuations of such markets can send waves in the overall price.

The fact Bitcoin did stabilize this well this fast shows that even China fall (and the market manipulation around it) is not something that big. Of course, it didn't stabilize at 5000$, it's only 4000, but it also rose too fast too much so this is a well-needed correction too.

So please don't freak out around China news, you just hurt your investments. While China is welcome to Bitcoin market, mining and ecosystem, Bitcoin can survive well enough without China.

Eternu

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Well i can understand concern and way thinking of China government, but to ban bitcoin totally... well i do not know if that is best thing to do. Most of miners are in China, and when China banned bitcoin we all seen what it have done to a price of bitcoin. And now when price is 4000 dollars again, we can see that bitcoin will overcome anything. Too much money runs around bitcoin, and too much people support it. Therefor bitcoin will not go down so easily.

Odora

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Bitcoin will not die because the Chinese government banned ICO, the market in foreign countries is still a lot, and certainly the Chinese businessmen will find a way to get out of this problem ..

SilentNightElf

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lol please tell me the poster is just joking and trying to get on front page or something, is this topic a joke? China controls nothing with bitcoin

newlone

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This is certainly going to happen it would cause the BTC to lose half of its value if China really wants to remove the BTC from its them country.
This may never happen because large owners will not abandon their children as they grow older.

10yearsolder

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Quite the contrary! The exact opposite is true! China is dead without us! Cool

China cannot kill crypto. China will bow down to crypto in time. That is the truth!

thanhnc46947

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Are We Dead Without China? my answer is no. As you said China have a lot of Bitcoin miners due to cheaper electricity and cheap labors, they hold 20% Bitcoin but if china dont use Bitcoin then they will be extruded because Bitcoin will currency of future and we need it for development of society

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