Topic: China can't bring bitcoin down! (Read 1263 times)
Well, bitcoin exists all over the world. Even large countries can carry bitcoin to the country. That's the main thing about bitcoin: no government has enough power to control it.
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
Who will agree with me?
Yes, China cannot destroy the digital currency, bitcoin price is at $5,900 it shows how bitcoin becomes more popular to somebody. They become more interested of the BTC value.
No China can not bring Bitcoin down! It is just a country and has no influence over a digital currency that is independent from any government or company. Plus it's decentralized.
Well yes, neither China nor any nation can ban the Bitcoin. This is what makes it interesting: it is decentralized. No one can track your encryption investments. The only thing possible is to penalize you when withdrawing in fiat currency. But as more and more sites are beginning to accept it, it will have less and less interest in the future.
I agree with you!
China can not control the process of bitcoin growth. There is no state that can do this.
China can not control the process of bitcoin growth. There is no state that can do this.
Bitcoin proves again that in dark times, as long as you HODL, bitcoin will go up again.
Luckily they didn't ban mining tho
It has proven that bitcoin is becoming popular and stronger. Even with the news/fud about CHINA bitcoin is still recovering its price. It cannot bring down bitcoin this means there are many users already for bitcoin. Luckily they didn't ban mining tho
Bitcoin proved that china is nothing, and this will be open challenge to those who wants to take down bitcoin it is the stable coin of era it will rise till apocalypse.
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
I agree with you. China doesn't have any intention to bring down bitcoin, in my opinion, because a lot of Chinese investors are in it. But the banning of ICOs is what I think the main objective of the China. Their government are trying to look after these ICOs which, in the first place, are not taxable. China is a developed country, and they will always find a way to put tax on these ICOs.Who will agree with me?
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
I agree with you. China doesn't have any intention to bring down bitcoin, in my opinion, because a lot of Chinese investors are in it. But the banning of ICOs is what I think the main objective of the China. Their government are trying to look after these ICOs which, in the first place, are not taxable. China is a developed country, and they will always find a way to put tax on these ICOs. Who will agree with me?
I agree with you not only China can make it go down i think if Europe, China and the USA will say that they don't want it then bitcoin will be able to go down and maybe even dead but i don't think that will happen because of the fact that a lot of people are starting to use it.
China can do this. Do not forget that in China most of all miners.
What can the miners in addition to blackmail? The miners will never give up the income. They are too much time and money is spent on building your business and therefore will not reject it. Besides, China is not the only country on earth. Will always be willing to other countries.because it just doesn't make sense if bitcoin could fail because of only that, it also means that anyone can control bitcoin if they have majority hash power, just absurd.
China can do this. Do not forget that in China most of all miners.
What can the miners in addition to blackmail? The miners will never give up the income. They are too much time and money is spent on building your business and therefore will not reject it. Besides, China is not the only country on earth. Will always be willing to other countries. 
China can do this. Do not forget that in China most of all miners.
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
some time ago bitcoin has decreased caused by china, but can rise again thanks to japan, essentially not china can not make bitcoin down. but there are still many people in the world who support bitcoin so bitcoin still exist until today. Who will agree with me?
That is an obvious given. No matter how big China is and no matter how many players they have on the bitcoin market they won't be able to kill bitcoin. If any country would want to kill bitcoin they would need to have full control over bitcoin which is very impossible because bitcoin is decentralized.
Of course we didn't know that because we all know that China is a big market for bitcoin. However, we have already crossed that bridge and the result is already in. The effects are only temporary and we have survived one of the most critical test on bitcoin young's career. They can't really kill bitcoin because it is unstoppable. And the only victim here is their huge bitcoin community.Yes.Even if China think to abolish the bitcoin from China so,it's not all possible. That much power Bitcoin has .You can see this, bitcoin will replace the entire currency system and dollar. Soon it will replace the bank system too.If you inverse means, you can go head.
It is very difficult to imagine Bitcoins (or for that mater any of the crypto-coins) replacing the banking system. IMO, Bitcoin has its own space, and it doesn't need to fight for space from the banks. Lets keep the digital currency as separate from the fiat currency.
I believe that Bitcoin is not depended on a single country, i know that China is one of the largest economy in the world and day by day they are becoming super power. but regarding Bitcoin China is one of the factors but it's not only factor for this platform. so they can't bring Bitcoin down.
Yes.Even if China think to abolish the bitcoin from China so,it's not all possible. That much power Bitcoin has .You can see this, bitcoin will replace the entire currency system and dollar. Soon it will replace the bank system too.If you inverse means, you can go head.
It is very difficult to imagine Bitcoins (or for that mater any of the crypto-coins) replacing the banking system. IMO, Bitcoin has its own space, and it doesn't need to fight for space from the banks. Lets keep the digital currency as separate from the fiat currency.
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
That's absolutely true. China has a huge influence in the cryptomarket , and losing is regatively affected Bitcoin. There are people who taught that the dump will be continuous but fortunately it is not. After a week, Bitcoin started to rise again, slowly but surely. Before it was down to 3300$ from 4800, and it is now again on the 4k mark that proves how strong Bitcoin became that it can also be as this successful without China. Who will agree with me?
Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down!
Who will agree with me?
i agree with you man! not because was china has done in bitcoin its not mean that the bitcoin going down although china was one of the world's largest bitcoin mines/mining. yeah china is really have a big contribute in the matters about the bitcoin still there's more country that using bitcoin so even though without china bitcoin can stand. i don't care if the value of the bitcoin is rising up or falling down now, what's the important now is the bitcoin cannot destroyed or bring down by the china. Who will agree with me?
That is an obvious given. No matter how big China is and no matter how many players they have on the bitcoin market they won't be able to kill bitcoin. If any country would want to kill bitcoin they would need to have full control over bitcoin which is very impossible because bitcoin is decentralized.
i totally agree with you, even though China has left bitcoin, it doesn't affect on price bitcoin. it continues to rise. china can't make it die.
China may not be capable of killing the Bitcoin, but it can definitely harm the crypto-currency. After the negative news came out of China, the exchange rates dipped by as much as 30% in less than 48 hours time. It is another fact that the prices eventually recovered, but China did a lot of harm to those invested in BTC.
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