the bitcoin heyday is not limited to here, bitcoin has penetrated into the world and many countries have recognized it, so bitcoin does not just stick to china, and fore all issues will disappear over time.
And China has shot itself in the knee by disrupting trading. If it ever goes forward with the plan of banning crypto and kills mining too they'll lose so much potential income and cripple part of their industry that's already worth billions. Let them be dumb, there's no cure for that. 
Topic: End of Dragon Era? - page 3. (Read 1325 times)
Despite china's actions to ban ICOs and strictly regulate bitcoin exchanges,bitcoin price has recovered from a slight downfall and now its price is $3950.More over,japan's internet giant GMO has announced that it would start manufacturing ASIC miners which would be a big competition to Bitmain in mining industry.
So,would it be correct to term this as end of dragon era in bitcoin?
So,would it be correct to term this as end of dragon era in bitcoin?
They're just reluctant now, but I think they'll change their minds. When China see's that bitcoins and the cryptocurrency industry can change the world, it will re-evaluate it's decisions. But right now, I don't think they'll close everything and shut out crypto, maybe this is just a way of them being able to control it since ICOs and cryptos are getting out of hand.
Despite china's actions to ban ICOs and strictly regulate bitcoin exchanges,bitcoin price has recovered from a slight downfall and now its price is $3950.More over,japan's internet giant GMO has announced that it would start manufacturing ASIC miners which would be a big competition to Bitmain in mining industry.
So,would it be correct to term this as end of dragon era in bitcoin?
So,would it be correct to term this as end of dragon era in bitcoin?
Its there own doing that causes the end of the dragon era. The bitcoin that they cherished and started was suddenly put to a halt by their government. For me, the mining industry will be affected as well sooner or later. Let all look at it at the bright side, other countries will take over, like you said. Japan has invested heavily on mining hardware so in about a couple of years they will also be a force to reckon in terms of bitcoin mining hardware or mining itself. So yes, its the end of the dragon era as I see it.
the bitcoin heyday is not limited to here, bitcoin has penetrated into the world and many countries have recognized it, so bitcoin does not just stick to china, and fore all issues will disappear over time.
i will only believe this when i see Chinese trading volume goes to actual zero. until that day they are in the game with the same strength as before (it was not as big as they showed it on the media but it was big enough).
and so far the volume is not actual zero. there is a lot of activity coming from China. did you know that bitcoin price is so much lower over there? and people are on a buying frenzy? on top of it there is always localbitcoins and others where they keep trading bitcoin on.
and so far the volume is not actual zero. there is a lot of activity coming from China. did you know that bitcoin price is so much lower over there? and people are on a buying frenzy? on top of it there is always localbitcoins and others where they keep trading bitcoin on.
There was always such a sittuation with the chineese exchanges that they were faking the volume quite badly. Even the ceo of BTCChina once have admitted that it was a huge issue.
People were on a buying frenzy and new money were flowing to the Mtgox as well.
I am not saying if the sittuation at the China with btc is fake or not. I know that China has all the reasons in the world to control their financial system. When you are in possition of devaluing you currency you said a) you need to say b) to control the ways how money is transfered to and from the country. It is just logical to assume the whole sittuation is for real.
i will only believe this when i see Chinese trading volume goes to actual zero. until that day they are in the game with the same strength as before (it was not as big as they showed it on the media but it was big enough).
and so far the volume is not actual zero. there is a lot of activity coming from China. did you know that bitcoin price is so much lower over there? and people are on a buying frenzy? on top of it there is always localbitcoins and others where they keep trading bitcoin on.
and so far the volume is not actual zero. there is a lot of activity coming from China. did you know that bitcoin price is so much lower over there? and people are on a buying frenzy? on top of it there is always localbitcoins and others where they keep trading bitcoin on.
China still has the benefit of cheap electricity, cheap workers and from the fact they can copy anything without worries on copyrights.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
Chinese miners may lose cheap electricity, apparently they do not qualify for government electricity subsidies and they're being investigated right now.
so even china have capability duplicating anything the quality will still the basis so for me OP has good point its and end of their era now.
So,would it be correct to term this as end of dragon era in bitcoin?
no, because the "dragon" had never had any era in bitcoin for it to end. the price, the volume (real vol not fake vol), the number of good exchanges, number of real businesses adopting bitcoin, number of merchants, people investing in bitcoin,.... are a lot more in other countries compared to China.
the only thing that has ever been big in China was mining farms and mining manufacturers. and nothing about these two has changed yet.
Chinese miners may lose cheap electricity, apparently they do not qualify for government electricity subsidies and they're being investigated right now.
When they'll lose this, then we can indeed talk about "end of dragon era".
Japan can't compete in prices with China, they have cheap almost slave labor and China keep their currency artificially devalued in relation to dollar. Unless they make a breakthrough on ASIC technology or the rumors about China cracking down everything about BTC comes true they probably won't be competitive
If Japan makes a "breakthrough on ASIC technology", China will copy it in no time, then use/sell a much cheaper clone.
I see Japan's power in the financial institutions. They can earn a lot from trading and investing in businesses that incorporate Bitcoin on various levels. The Bitcoin's ecosystem has a huge potential of growth.
Japan can't compete in prices with China, they have cheap almost slave labor and China keep their currency artificially devalued in relation to dollar. Unless they make a breakthrough on ASIC technology or the rumors about China cracking down everything about BTC comes true they probably won't be competitive
I hope this is the end of the golden age of dragons, and welcome to the samurai dynasty. Hopefully they don't make panic attacks like the dragon (always) to get a cheaper bitcoin. Without China bitcoin will be fine.
China still has the benefit of cheap electricity, cheap workers and from the fact they can copy anything without worries on copyrights.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
Chinese miners may lose cheap electricity, apparently they do not qualify for government electricity subsidies and they're being investigated right now.
Despite china's actions to ban ICOs and strictly regulate bitcoin exchanges,bitcoin price has recovered from a slight downfall and now its price is $3950.More over,japan's internet giant GMO has announced that it would start manufacturing ASIC miners which would be a big competition to Bitmain in mining industry.
So,would it be correct to term this as end of dragon era in bitcoin?
So,would it be correct to term this as end of dragon era in bitcoin?
more bitcoiner afraid about the china banned for bitcoin exchange the value dip down last week almost 3500$ because people shock the dicision of china bitcoin banned and the people panicking, until now the decision of china still stand banned the bitcoin, but starting this week even have banned for bitcoin slowly go rising again the value of bitcoin, so i never believe END OF THE DRAGON.
China still has the benefit of cheap electricity, cheap workers and from the fact they can copy anything without worries on copyrights.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
If the Japanese will make a better ASIC miner, it'll get copied and used locally. I don't know what their regulations are about, but normally they should help Bitcoin and people reaching it legally, however, even regulations cannot stop Bitcoin. Even a ban would only make a little harder to do Bitcoin transactions, but the rest of their BTC industry - mining, ASIC building - will remain mostly unharmed.
All in all, while Japan and other countries will get bigger and bigger shares of the cake, the dragon era is not over yet, their share of the cake is still very big.
Despite china's actions to ban ICOs and strictly regulate bitcoin exchanges,bitcoin price has recovered from a slight downfall and now its price is $3950.More over,japan's internet giant GMO has announced that it would start manufacturing ASIC miners which would be a big competition to Bitmain in mining industry.
So,would it be correct to term this as end of dragon era in bitcoin?
So,would it be correct to term this as end of dragon era in bitcoin?
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