the day that Chinese actually go away i say good riddance but i am afraid that day may never come because China has nothing against bitcoin and they don't plan on banning it so far. and that means nobody is going anywhere even if they wanted to.
additionally, you can not prevent people from investing in bitcoin and using it. they will continue to do so whether the government wants it or not. bitcoin is decentralized and somewhat anonymous for a reason.
Topic: Bitcoin Is Better Without China!!!!!!! - page 3. (Read 2993 times)
bitcoin stil bitcoin even without china or with china now the big market for bitcoin is a japan
I agree with you because the Chinese market often dump the price but to be honest with the china government has banned the use of bitcoin this may have an impact on the growth of bitcoin, maybe asian countries that have not legalized bitcoin will be hesitant to legalize bitcoin.
We have also to take into account the rumours about China gov plant to ban miners. This could arise problems and delays in confirming transaction as the most of miners are chineese.
I agree with you because the Chinese market often dump the price but to be honest with the china government has banned the use of bitcoin this may have an impact on the growth of bitcoin, maybe asian countries that have not legalized bitcoin will be hesitant to legalize bitcoin.
More players more money invessted in btc. in some time, I am sure, China will be one of major btc supporters and investors.
Bitcoin have the system that is aligned to the principle of law of price and demand where the more people deal to do transaction the more it can development and have the capability to grow. So China as the largest country in the wolrd could give bitcoin a time to experience the full growth and development in terms of the stock of bitcoin decentralization. it is time we proclaim to the whole world that Bitcoin can be better without the influence of China. We don't need China to make Bitcoin survive. By next year, all of these things can be history and maybe we should learned the hard lessons that China is just a big headache.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
Agreed. And I've moved on already so should everyone else here. Btc have strived even without the investments of China and that's what will happen again. But honestly, I think there are still Chinese investors and miners who didn't stopped using btc because they've seen and known how profitable it is.
Exactly so that the weak are eaten alive we can survive without China as bitcoin really did it before all we just did was stop creating news about China and stop looking for any The possible reason to make another impact, Bitcoin will exist as we already know with or without fake supporters from the country of fake things.
I think chinese investors will be big part of in bitcoin so if China going to stop all Bitcoin exchanges must close by September 30, but this type of thing not happening in first time at China it's happened May time not very we will get good news about this soon
Nothing will happen in september 30th, the bad things that had to happen already happened.
Anyone that wanted to sell already got the memo and sold, nobody in China (unless living under some kind of rock) hasn't already seen the news and got his coins out of there before the chinks randomly decide that instead of september 30th it's september 20th (they know it works like that on there).
So don't expect any more money to fly away from BTC due september 30th ban materializing.
For me i think the china is a big loss in the bitcoin as of the population and influence it has but i also agree that bitcoin can survive even if china is not a part of it.
The price of the bitcoin is changing because of the ups and down in the ban and unban of the bitcoin in china but now it is being legalize in a lot of countries so that china is also being accept so now in china as well the bitcoin is gaining value but if it will not happen even then bitcoin will never loss the value so bitcoin is getting more and more high in price.
We should take into account that the Chinese bitcoin exchange market only accounted for approximately 10 to 13 percent of global bitcoin trades.
More to that, in an interview with the South China Morning Post, Bitcoin Association of Hong Kong Leonhard Weese noted that China’s restrictions on bitcoin trading and usage will drive businesses to Hong Kong and nearby countries like Japan and South Korea.
https://cointelegraph.com/news/chinas-stricter-bitcoin-regulations-will-strengthen-hong-kong-market
More to that, in an interview with the South China Morning Post, Bitcoin Association of Hong Kong Leonhard Weese noted that China’s restrictions on bitcoin trading and usage will drive businesses to Hong Kong and nearby countries like Japan and South Korea.
https://cointelegraph.com/news/chinas-stricter-bitcoin-regulations-will-strengthen-hong-kong-market
China sure plays an important role in the crypto-world to date, but even without them, the markets will expand. The current market cap (quite a bit below its high 2-3 weeks ago) is still so low, the system has to be made suitable for the avg joe out there, be it credit cards for crypto as started by tenx, monaco, etc. or more easily accessible and useable wallets.
All this will make this market grow so much in the long run that we should all still feel as early adopters in this world.
All this will make this market grow so much in the long run that we should all still feel as early adopters in this world.
Well I agree to that in the past china has given a great deal of donations to bitcoin, I have seen so much Chinese investors and miners that are thriving in making this community big and now that they have closed doors with bitcoin and now that we see the value of bitcoin is still rising in a significant way I think we can survive without their help, but as a nation that once help in the progress of bitcoin, let's just all be thankful because without their help bitcoin will not be in this state right now.
Agreed, if China government keep treating business or companies relate to bitcoin which always create panic sell from traders who trying to get profits from weak hands, then it's better if they just ban bitcoin and let their citizens send all of their bitcoin to other countries, other platforms, once for good. It's really annoying every time they want to halt cryptocurrencies trading activities.
There are some good countries to replace their place to create mining hardware and the biggest mining pools such as Japan, South Korean, or Russia. If this video is real (https://m.youtube.com/watch?v=2Jqf_wZKFCc), there's a huge mining pools in Iceland.
There are some good countries to replace their place to create mining hardware and the biggest mining pools such as Japan, South Korean, or Russia. If this video is real (https://m.youtube.com/watch?v=2Jqf_wZKFCc), there's a huge mining pools in Iceland.
it is time we proclaim to the whole world that Bitcoin can be better without the influence of China. We don't need China to make Bitcoin survive. By next year, all of these things can be history and maybe we should learned the hard lessons that China is just a big headache.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
NO. that is a big no. China has a big role in this community. Many investors are from china and because of their banning of bitcoin our Bitcoin price might lessen, which happens several days before this day. Banning bitcoin in china is a great challenge to us today.
China sure plays an important role in the crypto-world to date, but even without them, the markets will expand. The current market cap (quite a bit below its high 2-3 weeks ago) is still so low, the system has to be made suitable for the avg joe out there, be it credit cards for crypto as started by tenx, monaco, etc. or more easily accessible and useable wallets.
All this will make this market grow so much in the long run that we should all still feel as early adopters in this world.
All this will make this market grow so much in the long run that we should all still feel as early adopters in this world.
The more the merrier, but I admit sometimes I also think of it. Their mentality is, what they want, it should be the one others might follow or in short, they want to be in control. But at some point, one of the biggest investor in btc is China. The more investor/adopter, the higher the price it would be and that's what I like.
For me i think the china is a big loss in the bitcoin as of the population and influence it has but i also agree that bitcoin can survive even if china is not a part of it.
For me without China, this market will not attract many investors around the world. I think China contributes a lot to the Bitcoin market and they have the right to adjust this market price properly.
It will still sttract tons of investors, doesn`t matter if China is involved or not, but it is always better to have more people than less. Without China nothing will change
Indeed so far we are influenced by many investors from china, they are famously happy to invest even without using analysis, 20% traders and bitcoin users come from there, I think bitcoin need adjustment again to fill the void, bitcoin need quick recovery to reduce panic in market bitcoin and also altcoin.
The Chinese govt. are not stupid. They know that blockchain technology is here to stay and as far as money goes, bitcoin is at the forefront of the cryptos.
Their aim isn't to kill bitcoin. They just want to have full control of it in their own country as they don't want more money leaving China as has been happening for several years now.
The Chinese economy has been built on exporting cheap goods to the rest of the world. The rest of the world (esp. western economies) are technically bankrupt but the ability to print money is keeping them afloat.
This means that China can't rely on those countries to keep buying their crap to keep the Chinese economy going. So China is looking to increase domestic consumption. This means they need Chinese money being spent in China.
But for many years the rich Chinese have been getting their money out of China to invest in property and businesses abroad.
So the Chinese govt. has been forced to introduce measures to stop money being taken out of the country (This is called Capital Control and could happen to USA, UK etc). But bitcoin and other cryptos became an easy way to get around capital controls so they want to spook investors until they can get some proper regulation in place.
And I would bet all my coins that some high ranking members of the Chine Communist Party managed to pick up some btc while it was on sale!
some people dont care about politics,in their eyes,china is a super power in the world,even america had to surrender to china.as china had grab lots of USDs these year,some capitalists want to earn these money from china,they appear to build a friendship based on these profit instead of criticizing china's racing to the bottom.Their aim isn't to kill bitcoin. They just want to have full control of it in their own country as they don't want more money leaving China as has been happening for several years now.
The Chinese economy has been built on exporting cheap goods to the rest of the world. The rest of the world (esp. western economies) are technically bankrupt but the ability to print money is keeping them afloat.
This means that China can't rely on those countries to keep buying their crap to keep the Chinese economy going. So China is looking to increase domestic consumption. This means they need Chinese money being spent in China.
But for many years the rich Chinese have been getting their money out of China to invest in property and businesses abroad.
So the Chinese govt. has been forced to introduce measures to stop money being taken out of the country (This is called Capital Control and could happen to USA, UK etc). But bitcoin and other cryptos became an easy way to get around capital controls so they want to spook investors until they can get some proper regulation in place.
And I would bet all my coins that some high ranking members of the Chine Communist Party managed to pick up some btc while it was on sale!
and i dont think btc is a threat to china's foreign exchange reserves.when you exchage some btc with usd ,you actually pay some CNY to domestic chinese people,you have to transfer btc to western country to withdraw USD,china's foreign exchange reserves dont decrease due to these actions.
It's better with as much people as possible.
The bigger the community the better.
Besides China won't be going away.
The bigger the community the better.
Besides China won't be going away.
I'm not really sure are btc is better without china or better with china, i think if btc get more user which distributed to the bitcoin it'll be more better. But i thought china will be back soon i trust that but idk the reason.
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