China is somewhat important due to it's size and bitcoins popularity amongst the people there. It's natural that when something goes on in China it can have an affect on bitcoins exchange rate.
With that said, Bitcoin (or something like it) will survive and grow with or without China in the long run. Just like companies like facebook and google do just fine without China.
Topic: Why is China so important for Bitcoin? - page 4. (Read 7139 times)
Yes, Bitcoin does not need China. It's more or less other way aournd. Those 99% of poor Chinese need BTC as tool to own and manipulate their own assets.
So if it is like that, how can China affect BTC so much as we saw it not so long ago?
Well...it's all about numbers. World BTC exchanges are shallow waters. Once milions start buying even small amounts, price starts rising sharp, and if it lasts long enough, momentum will bring us to what we saw in December of 2013. Than again, once those milions start selling their BTC, they affect price as, i say again, BTC exchanges are really shallow and you dont need much to affect price.
So if it is like that, how can China affect BTC so much as we saw it not so long ago?
Well...it's all about numbers. World BTC exchanges are shallow waters. Once milions start buying even small amounts, price starts rising sharp, and if it lasts long enough, momentum will bring us to what we saw in December of 2013. Than again, once those milions start selling their BTC, they affect price as, i say again, BTC exchanges are really shallow and you dont need much to affect price.
The truth - and this will become apparent in time - is that China needs Bitcoin, not the other way around.
I couldn't agree more! And they will realise it soon!
Have you guys been on fiatleak. Most trading occurs in China, not USA. I should of said China dominates bitcoin trading by 4 to 1
The truth - and this will become apparent in time - is that China needs Bitcoin, not the other way around.
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy. 
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
It's not about Chinese vs. American. It's about billionaires vs. the rest of us.
Thanks for your stance.
I noticed this news few days ago.
Actually that Billionair "Mr. Chen Guangbiao" is a "Performance Artist" in China or even in the world.
He did many crazy activities by spreading money.
Chinese traditional culture teach people to be humble and keep low profile. But Chen Guangbiao is a maverick!
Because we are in China as in Korea, we need Bitcoin and Google to deliver us. 
china really isn't that important for bitcoin to survive. Does China help the growth? Sure. But so does any other country where it resides.
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In terms of innovation, ecosystem and infrastructure investment, China hasn't contributed much, or anything, to the Bitcoin world. I'm sure they would've given the chance but it's not going to be allowed to happen. The volumes on the exchanges that so obsess people are largely fake or the result of zero fee trades.
In the grand scheme of things China will be a major laggard in the BTC space and might never be able go places with it because of their government.
In the grand scheme of things China will be a major laggard in the BTC space and might never be able go places with it because of their government.
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy.
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
It's not about Chinese vs. American. It's about billionaires vs. the rest of us.
Its about the 99%
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy.
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
It's not about Chinese vs. American. It's about billionaires vs. the rest of us.
OP, you have it kinda wrong. They do not prefere those sites, they are more or less forced to use them. Google, FB etc are heavly filtered in China. As far as BTC goes, they can not filter BTC so that's why China has such impact on BTC (purely by mass of people buying in our out of BTC).
Yeah, those were my thoughts also. Sad.
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy.
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
So your govt decides what u'll use ? Are Google, Twitter banned in China ? If not, then why dont u use them ?
Been to China. Old favourite websites are just not there. Sites that are critical of the Chinese government is blocked by the great (fire)wall of China. This seems to include google and others that do not bow to Chinese goverment demands in terms of access to user data etc.
Man.....I thought it was common knowledge that the Chinese government censors everything. Their government wants the people to have as little news about the world as possible. It's easier to control this by making people use websites you can control.
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy.
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
So your govt decides what u'll use ? Are Google, Twitter banned in China ? If not, then why dont u use them ?
Google, Twitter, Youtube and Facebook are all banned in China.
You can not access those websites unless you use proxy server or VPN. But it is illegal in China.
It is why we have to use Baidu, Weibo, Youku etc.
Why?
Because, 1/4 of world is China.
All big countries are important, India, Brazil, Russia, USA, Japan. IF BitCoin ignore them all, will not grow as fast as it will without that.
Because, 1/4 of world is China.
All big countries are important, India, Brazil, Russia, USA, Japan. IF BitCoin ignore them all, will not grow as fast as it will without that.
They have massive amount of miners as well
OP, you have it kinda wrong. They do not prefere those sites, they are more or less forced to use them. Google, FB etc are heavly filtered in China. As far as BTC goes, they can not filter BTC so that's why China has such impact on BTC (purely by mass of people buying in our out of BTC).
Bitcoin does not need China. The Chinese can develop some shitty copycat altcoin, the same way they have developed copycat sites such as Baidu and Weibo. Enough of Chinese hypocrisy.
Watch your mouth!
We like to use Google, Youtube or Twitter etc but we could not.
It is Chinese Gov's decision instead of our choose!
So your govt decides what u'll use ? Are Google, Twitter banned in China ? If not, then why dont u use them ?
China is not important at all. In many ways China banning bitcoin can be considered good simply because the US would hate to ban bitcoin and being compared to China.
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