Are We Dead Without China? - page 7.

BTCMILLIONAIRE

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Quote from: gabmen on November 11, 2017, 08:53:44 AM

Quote from: equator on November 11, 2017, 04:45:50 AM

This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.

Right. And we've already hit all time highs right after china pulled out of the crypto cycle. Now the price is again plunging after segwit is cancelled but just like before, it will take a little time before it recovers

Just shows that whichever country doesn't play the crypto game will lose a significant share of the next economic revoultion.

bitgolden

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Quote from: imamimam1234 on November 06, 2017, 09:38:18 PM

Not really, but you guys have you thought like this. Can I have policy like china did, also expect if my country as big as china with its power and do the opposite which is clear all that kind of bans (in fact the rate so high right now). We aren't dead without china. We just incomplete without china.

No and I think it’s not possible as well bitcoin don’t care about china if there is no china so still bitcoin is very popular and strong than ever and after china banned a lot of countries have joined bitcoin because bitcoin have a lot of good qualities and its playing a very big role in economy of any countries and bitcoin have already reduce unemployment.

gabmen

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Quote from: equator on November 11, 2017, 04:45:50 AM

This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.

Right. And we've already hit all time highs right after china pulled out of the crypto cycle. Now the price is again plunging after segwit is cancelled but just like before, it will take a little time before it recovers

pikebu

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Quote from: Momoamzad on November 11, 2017, 01:15:16 AM

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy

Yep, bitcoin is decentralize, bitcoin doesn't need regulator like fiat currencies there are no related between bitcoin with the countries because bitcoin be running with or without the government of countries, system of bitcoin is perfect all of the community bitcoin ( miners, investors and developers of team ) has control it, bitcoin will not be died without China even some countries bans about the bitcoin on their countries.

equator

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This are nothing but the rumors created so that big whales can profit book and the weak hands will sell of so that in low the whales can buy back. Always after some pump of price , this type of some news comes and the market reacts it and their will be some correction and then the weak hands and day traders start to sell of their bitcoins and it goes some more low and then whales just jump and buy back and the price goes back to normal price and then next ATH price comes in. China is the main issue always taken to down the market price. I simply pity on china and Chinese peoples who are getting all false comments on them.

Brigalabdis

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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.

i think we can. Bitcoin survive even china is not agree by bitcoin. What about some whale? What they do right? Whale also have a power to fight for their bitcoin so i think too many people or bitcoiners do anything to survive bitcoin.

KingOfWinterfell01

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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.

Bitcoins now are booming even without China. However, China did contribute a lot to the total supplies of bitcoin in circulation but still, butcoins survives and still thriving even without the support of China. However, from my readings, China will be making a comeback but they will be regulated.

thesmallgod

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Bitcoin is surely surviving without china ever since Bitcoin has been ban in China there have not been significant effect of market demand for the coin. infact the demand has increase and has risen to $7000 until recent suspension of the hard fork. what some country that have banned bitcoin seems to understand is the benefict it will have on reducing unemployment and standard of living. they banned bitcoin because they think it will affect the economy since they no control over it

dns

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As our opinion with China they can't stop gain of BTC just a few time was halted. But after Ciina will rules around crypto market the cryptos will be more strong.

Wulanayu

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What is clear is not at all because china only contributes 20% .so only slightly lost 20% but many developing countries in bitcoin can even beat china.bitcoin still running even though china does not participate.

mininghubby

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Quote from: Momoamzad on November 11, 2017, 01:15:16 AM

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy

Bitcoin is rising again a couple weeks or so after China has implemented their changes. So at this point things are holding up. I would imagine that if China was a make or break situation for bitcoin that we would have been seeing more and more poor performance, but we have been seeing some stability and increases of late. Nothing in this post is meant to be investment advice, but things are looking more positive recently.

Afnan_faizah

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Quote from: Momoamzad on November 11, 2017, 01:15:16 AM

This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy

Many countries are supports bitcoin now, there are two countries which bitcoin is know so well, japan and USA. The industries which embrace bitcoin is make bitcoin even stronger. A lot of contribution made by online shop, hotels, restaurants, even real estate ( especially real estate industries in miami). Those industries sectors will make bitcoin spread, then there is no more china domination.

Momoamzad

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This is so funny because bitcoin is already living without China . & nothing affects bitcoin till now . because whole world is supporting bitcoin and investing their . so I dont think because of only few country bitcoin will die Cheesy

danielcansil

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Today bitcoin is living just fine without china although bitcoin used to depend on china very much years ago, the day china banned bitcoin is the day bitcoin lost its price very much, but after a long time bitcoin has risen again, so with or without china, bitcoin will always be a strong cryptocurrency

jonathaner

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It has become a fact that Bitcoin has become China-based. China does not have a big bitcoin exchange and does not have the pricing power of bitcoin, but China has a bitter power of bitcoin. Therefore, it is surely not true that Bitcoin does not have China.
Cheesy

BTCMILLIONAIRE

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Quote from: mitha rosdiana on November 10, 2017, 06:43:02 PM

in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.

Definitely not going to happen. If China really disappeared from the crypto market (and investors won't give a shit about laws, they will keep trading anyways if the rest of the world does too) the prices will simply go down and a lot of people will happily buy up the cheap coins.

mitha rosdiana

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in my opinion, if China shut down everything, everything will. China is just a major contributor to bitcoin. The majority are still outside of China and it is very negative for you to say that we are dependent on China.
Yes, they do bitcoin transactions more quickly due to mining in china and are known in their country due to low electricity costs.
But china will never be the cause of bitcoin death. We are experiencing it now, low prices and slow deals. Bitcoin is still alive. It just needs more support.

Lodi

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China is next leader of btc, but many big country like usa hold bitcoins no one stop bitcoins and mining too. Many investor not only in china but the other country that means btc is never down.

krun4

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Quote from: Ucy on September 14, 2017, 10:27:30 PM

Not at all my friend. What difference does it make other than traders's Bitcoin reducing in value. Smart traders can profit alot from this by buying all the dips
Dip 1 — you buy some Bitcoin
Dip 2 — you buy more
Dip 3 — you buy again
And sell when price goes up. sell again when it goes up again.. .
Leaving the remaining Bitcoin(40—55%) on long-term.

People like us who get paid in Bitcoin will have their pay adjusted upward.
Buyers and sellers of goods and services will adjust their prices too.

Wise words I agree on 100%, just I do something similar using tokens worth of ETH and keep 20-25% daily increase on the amount I got

BTCMILLIONAIRE

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Quote from: DrGuns4Hands on November 10, 2017, 12:52:06 PM

If china will be out, yeah it may affect us but not that much. China holds almost 20% of bitcoiner but it doesnt mean that we will be crashed out if they disappeared. We can still stand and continue throught out. The flow of bitcoin will still go and maybe new rules and regulation may be applied.

If China dumped their 20% (if that number is accurate) a lot of people would be very happy. Wink

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