Topic: bitcoin without china, how would it look? (Read 1472 times)
I do not think that Bitcoin yakohos undergoing significant changes.
so whether or not the recent panic turns out to result in some action, i for one think china killing off the bitcoin exchanges at some point is a total certainty.
they think nothing of directly intervening in their stock and property markets and bitcoin is nothing but a tiny thorn in their side that might grow into a tree some day. it's of no benefit to the government.
in that scenario what do you think happens to bitcoin? mining aside, china contributes nothing to development, there's no actual bitcoin economy there and the exchanges are all probably bucket shops. at the same time of course the exchanges lead the west by a long way, though i'd guess many people on there are westerners anyway.
does it fatally hole the bitcoin market for a long period of time? is western volume reinvigorated when the traders migrate back? does chinese mining fade away and change into hardware sales and not much else? would many or any chinese people rig up some type of black market?
would the chinese government attempt to moderate it recognising that they'd be left behind if it was squashed or would they not care?
what do you think?
well acc to methey think nothing of directly intervening in their stock and property markets and bitcoin is nothing but a tiny thorn in their side that might grow into a tree some day. it's of no benefit to the government.
in that scenario what do you think happens to bitcoin? mining aside, china contributes nothing to development, there's no actual bitcoin economy there and the exchanges are all probably bucket shops. at the same time of course the exchanges lead the west by a long way, though i'd guess many people on there are westerners anyway.
does it fatally hole the bitcoin market for a long period of time? is western volume reinvigorated when the traders migrate back? does chinese mining fade away and change into hardware sales and not much else? would many or any chinese people rig up some type of black market?
would the chinese government attempt to moderate it recognising that they'd be left behind if it was squashed or would they not care?
what do you think?
-pools will move to india
-as it will move to india it will legalised all over the world
-bitcoins would be used as currency
kudoos
The pool will move where the cost of electricity will be the cheaper possible in my opinion. On any markets, where you can make a profit they will have people who will continue the operations of mining and make some profits from it.
The world will continue even if the Chinese government will ban it in my opinion.
so whether or not the recent panic turns out to result in some action, i for one think china killing off the bitcoin exchanges at some point is a total certainty.
they think nothing of directly intervening in their stock and property markets and bitcoin is nothing but a tiny thorn in their side that might grow into a tree some day. it's of no benefit to the government.
in that scenario what do you think happens to bitcoin? mining aside, china contributes nothing to development, there's no actual bitcoin economy there and the exchanges are all probably bucket shops. at the same time of course the exchanges lead the west by a long way, though i'd guess many people on there are westerners anyway.
does it fatally hole the bitcoin market for a long period of time? is western volume reinvigorated when the traders migrate back? does chinese mining fade away and change into hardware sales and not much else? would many or any chinese people rig up some type of black market?
would the chinese government attempt to moderate it recognising that they'd be left behind if it was squashed or would they not care?
what do you think?
well acc to methey think nothing of directly intervening in their stock and property markets and bitcoin is nothing but a tiny thorn in their side that might grow into a tree some day. it's of no benefit to the government.
in that scenario what do you think happens to bitcoin? mining aside, china contributes nothing to development, there's no actual bitcoin economy there and the exchanges are all probably bucket shops. at the same time of course the exchanges lead the west by a long way, though i'd guess many people on there are westerners anyway.
does it fatally hole the bitcoin market for a long period of time? is western volume reinvigorated when the traders migrate back? does chinese mining fade away and change into hardware sales and not much else? would many or any chinese people rig up some type of black market?
would the chinese government attempt to moderate it recognising that they'd be left behind if it was squashed or would they not care?
what do you think?
-pools will move to india
-as it will move to india it will legalised all over the world
-bitcoins would be used as currency
kudoos
basically anything which relates to china might be purely pump and dump.
Months ago theres a really great pump on their stock market on certain stocks due to HYPE. Then the smart whales get out fast and left with most people who hold down their Overvalued stocks which makes the market crash
Months ago theres a really great pump on their stock market on certain stocks due to HYPE. Then the smart whales get out fast and left with most people who hold down their Overvalued stocks which makes the market crash
we all know that China play a great role in bitcoin but it doesn't mean that without China we couldn't go ahead with bitcoin. let them stay or leave but we will continue our life. well then lot of user would get reduced and there might be price fluctuation repeatedly because of less user.
It would surely decrease drastically on bitcoins price because china has big influence on bitcoin price but as you mentioned even though china would be out or decide to leave bitcoin it would live still and go on as usual but for sure the price would really affected as i mentioned before but still okay because adoption is still rising even china isnt there the price would go back up again.
we all know that China play a great role in bitcoin but it doesn't mean that without China we couldn't go ahead with bitcoin. let them stay or leave but we will continue our life. well then lot of user would get reduced and there might be price fluctuation repeatedly because of less user.
I do believe that China is somehow does have really make good impact on bitcoin, Without China bitcoin would still live but expect the price of bitcoin isnt high compared as of now because china do play a big role regarding on price movement and adoption . THey are holding the biggest company for miners which is BITMAIN, if China isnt there who would be the one to make those? Maybe other countries . It doesnt really matter now because this thing doesnt happen at all
I cannot see why a country that is dominating one of the most important breakthroughs in the financial sector for centuries, would suddenly want to ban it? They dominate the hash power and also the global generation of a new currency.
The only thing I will see happening are that they would implement stronger regulations to control the money flowing out of the country at the moment. Stronger capital control, will strengthen their economy even further.
The other nations need to wake up, and start investing in this technology or they will be left behind. If the BRICS countries start to trade with Bitcoin, they would not need the rest of the world, to support Bitcoin.
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.
The only thing I will see happening are that they would implement stronger regulations to control the money flowing out of the country at the moment. Stronger capital control, will strengthen their economy even further.
The other nations need to wake up, and start investing in this technology or they will be left behind. If the BRICS countries start to trade with Bitcoin, they would not need the rest of the world, to support Bitcoin.
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.
Good to know about BRICs. Didn't know they are becoming huge this time. China has become one of the powerful country. Strict rules to Cryptocurrencies is possible not that most of the coin developers are in China. They are gradually getting into ICOs.. I noticed two of them in ANN section.
I cannot see why a country that is dominating one of the most important breakthroughs in the financial sector for centuries, would suddenly want to ban it? They dominate the hash power and also the global generation of a new currency.
The only thing I will see happening are that they would implement stronger regulations to control the money flowing out of the country at the moment. Stronger capital control, will strengthen their economy even further.
The other nations need to wake up, and start investing in this technology or they will be left behind. If the BRICS countries start to trade with Bitcoin, they would not need the rest of the world, to support Bitcoin.
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.
The only thing I will see happening are that they would implement stronger regulations to control the money flowing out of the country at the moment. Stronger capital control, will strengthen their economy even further.
The other nations need to wake up, and start investing in this technology or they will be left behind. If the BRICS countries start to trade with Bitcoin, they would not need the rest of the world, to support Bitcoin.
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.
China being the country of majority of miners may effect price when bitcoin get banned or get rules against it tighten there however i think bitcoin network can remain healthy like right now even if there will be not much of support coming from chinese exchanger and mining farms.
yes -1 farmulla will not work here, and specially about china who are the main supporter of bitcoin and whose number of minner are more than any other country, therefore we cannot thing about bitcoin without china. 
Without China dealing in bitcoin, we can see a massive drop in the hash rate and also some drop in the price of bitcoin. This can help more individuals in other part of the world to fire up their rigs and see if they can make some profit mining bitcoin.
Chinese have pumped up some of the price for bitcoin and they have bought good and efficient miners such as Antminer S9 to the market. Even if China bans bitcoin, these mining centers can shift there operations to other countries.
The price of bitcoin can recover slowly. However I am worried about the vast number of Chinese users who have adopted bitcoins. We may loose out on some genuine supporters and users of bitcoin unless they risk everything can keep using it.
Chinese have pumped up some of the price for bitcoin and they have bought good and efficient miners such as Antminer S9 to the market. Even if China bans bitcoin, these mining centers can shift there operations to other countries.
The price of bitcoin can recover slowly. However I am worried about the vast number of Chinese users who have adopted bitcoins. We may loose out on some genuine supporters and users of bitcoin unless they risk everything can keep using it.
Another country would take their place basically. Someone always has to be #1. The price would go up because no one in the world can produce the same amount of bitcoins as the Chinese unfortunately. They have the right climat for the most part, cheap electricity... What more could you want? The other country taking over the #1 spot would have to be the next best in terms of efficiency.
I think the price would go down, not up. Without the power, Bitcoin will just hold at the quantity it has right now. China having so many residents would also have less people using Bitcoin and working for it, so Bitcoin would be likely less popular right now.
Another country would take their place basically. Someone always has to be #1. The price would go up because no one in the world can produce the same amount of bitcoins as the Chinese unfortunately. They have the right climat for the most part, cheap electricity... What more could you want? The other country taking over the #1 spot would have to be the next best in terms of efficiency.
You really want to see what will happen? Well, remove all trading fees on the Western Exchanges like they did in China and you will get a sniff of
what you are experiencing on Chinese exchanges. If they suddenly decide to shutdown all mining, the West will benefit from that, and we might
even see the times when Bitcoin could be mined with expensive GPU & CPU's. They would be doing everyone a big favour..
what you are experiencing on Chinese exchanges. If they suddenly decide to shutdown all mining, the West will benefit from that, and we might
even see the times when Bitcoin could be mined with expensive GPU & CPU's. They would be doing everyone a big favour..
bitcoin without china would have been centralized by some other country like america, i remember that america is the second country with a vast mining facility, and in the end it would have been the same i guess, i also think that the rice without chinese would been much lower than now, so they actually brought something good tot he table
please for the love of god stop this fake obsession with China and bitcoin. nothing will change ever with anything.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
China can have his part on the market, that's undeniable.
The hard part here is bellieve that China will stop the use the coin, even if the government ban the bitcoin, users will find a way to keep using.
please for the love of god stop this fake obsession with China and bitcoin. nothing will change ever with anything.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
That is correct, even without China bitcoin can survive.Also,without China,I think bitcoin will have a higher price in my opinion.China can not be also ignored now because there are many bitcoin miners and users there that can affect the price.
So it can affect our bitcoin price if china is ban or without china.. because if they dont mine bitcoins it can be mine by others but it is not fast as china because of large mining.. so the price can be affected because the price of bitcoin is depends in demand and supply..
Bitcoin is not all depending of China. If mining stop there, then, maybe the gold rush will start again ?
not depending doesn't mean it doesn't need.
bitcoin will survive without china but they have the biggest market so the price will crash hard without them.
bitcoin need more people using it, lose a country is always a bad thing specially if it is china.
please for the love of god stop this fake obsession with China and bitcoin. nothing will change ever with anything.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
even if China stops using bitcoin in any form today, apart from a temporary hit to the price and hash rate there will be no other effect and bitcoin will continue on existing and being strong and popular.
That is correct, even without China bitcoin can survive.Also,without China,I think bitcoin will have a higher price in my opinion.China can not be also ignored now because there are many bitcoin miners and users there that can affect the price.
China being the country of majority of miners may effect price when bitcoin get banned or get rules against it tighten there however i think bitcoin network can remain healthy like right now even if there will be not much of support coming from chinese exchanger and mining farms.
Jump to: