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Topic: Will Bitcoin Die Because of China? - page 23. (Read 14399 times)

member
Activity: 378
Merit: 10
December 15, 2017, 01:56:02 AM
For now Only China and less than 5 countries of the world today rejected the face and operations of bitcoin. Meanwhile the populations of these countries  is not up to the entire world. So, China does not have anything to do with whether btc dies or not. They may not even be in the picture when Satoshi had this concept. Bitcoin will not die because of China and other countries's policies.
newbie
Activity: 29
Merit: 0
December 15, 2017, 01:50:04 AM
I think .. It wont die, because bitcoin was not created in China, ICO was not made in China and even altcoins are not came from China. Europe and America are the big factors of circulating the crypto currency and Asians bitcoin euthusiast are not depending of China even chinese can use vpn network in order to keep in touch with the bitcoin. So i say it is very impossible that China can destroy bitcoin. It wont die, because bitcoin was not created in China, ICO was not made in China and even altcoins are not came from China. Europe and America are the big factors of circulating the crypto currency and Asians bitcoin euthusiast are not depending of China even chinese can use vpn network in order to keep in touch with the bitcoin. So i say it is very impossible that China can destroy bitcoin.  Wink
full member
Activity: 280
Merit: 100
December 15, 2017, 01:44:32 AM
I think bitcoin will not die if chinesse abolish the rules of cryptocurrency because not just from chinesse the investor of cryptocurrency, any a big investor from other country, such as a japannesse, jermany, russian and etc.
But chinesse have a big chance for change about the price of token from hardfork.
member
Activity: 65
Merit: 10
December 15, 2017, 01:32:26 AM
it could happen because China is the biggest investor if China people leave Bitcoin I think Bitcoin will come back as in 2012.

no simply miner can move them investment to japan,South Korea and and euro countries.

it will check on price only
hero member
Activity: 868
Merit: 506
December 15, 2017, 01:24:48 AM
As we can see, bitkoyn feels rather well without China and for some reason it was from September 30, when the Chinese government announced its intention to limit the circulation of its crypto currency, bitkoyn began to grow very much in price. Now they even speculate that next year the bitcoat rate can reach $ 500,000 precisely because the Chinese can not bring their bitcoins to the international market, the offer has decreased, and allegedly because of this bitkoyn has so increased in price. Therefore, we very well survive without China, the crypto-currency market without it is simply thriving.


I do believe that there are a lot of Chinese there that holds significant amounts. Nonetheless, Bitcoin is decentralized and don't just depend on any country or nationalities.
full member
Activity: 938
Merit: 137
December 15, 2017, 12:10:44 AM
As we can see, bitkoyn feels rather well without China and for some reason it was from September 30, when the Chinese government announced its intention to limit the circulation of its crypto currency, bitkoyn began to grow very much in price. Now they even speculate that next year the bitcoat rate can reach $ 500,000 precisely because the Chinese can not bring their bitcoins to the international market, the offer has decreased, and allegedly because of this bitkoyn has so increased in price. Therefore, we very well survive without China, the crypto-currency market without it is simply thriving.
full member
Activity: 406
Merit: 100
December 14, 2017, 11:50:54 PM
china doesn't have any control in bitcoin although China has illegalized the ICO. At this time China is not the whole bitcoin market. It does not significantly affect crypto-currencies.
The answer is no, even though China is a huge country with worlds highest population BC will not die because of China Still, many more BC using countries are there. And the most important thing is BC is not dependent on any country as it is decentralized currency, no worries for China banning the usage of Bitcoin.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
December 14, 2017, 10:27:55 PM
Poor Chinese Bitcoin users are caught up between the devil and the deep sea. After the Chinese government banned the exchanges there, they were using the exchanges in South Korea and Hong Kong. But a few days back the South Korean government banned Chinese nationals from the local crypto-exchanges.
sr. member
Activity: 424
Merit: 250
December 14, 2017, 10:25:35 PM
it could happen because China is the biggest investor if China people leave Bitcoin I think Bitcoin will come back as in 2012.
full member
Activity: 476
Merit: 100
December 14, 2017, 09:48:02 PM


I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.

Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.

I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

it could also be because in China the company that mined bitcoin is no longer small but big scale, but if the bitcoin dies it seems impossible because china has legalized bitcoin and bitcoin to be a valid payment instrument.
full member
Activity: 196
Merit: 100
December 14, 2017, 09:24:24 PM


I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.

Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.

I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?
i think china now is laughing now because they buy a lot of bitcoin when they said that they will banned this bitcoin in they country before the value of bitcoin is too small some people scared about before so even without china bitcoin can live with a high value.
member
Activity: 84
Merit: 10
December 14, 2017, 09:16:41 PM
china doesn't have any control in bitcoin although China has illegalized the ICO. At this time China is not the whole bitcoin market. It does not significantly affect crypto-currencies.
member
Activity: 336
Merit: 10
December 14, 2017, 09:13:39 PM
I think from the answer of this question is china cannot stop bitcoin because many country's using bitcoin if china stop using bitcoin there are many country's using bitcoin...Bitcoin is independent they can grow without china..
full member
Activity: 532
Merit: 107
December 14, 2017, 08:38:07 PM
Well China is one of the power house but Bitcoin can survive without China. As long as Korean friends are okay Smiley
newbie
Activity: 20
Merit: 2
December 14, 2017, 08:35:47 PM
Without china i think bitcoin will be live because china is not the only main source of mining.  But i think the production of bitcoin will be decrease.
full member
Activity: 504
Merit: 102
December 14, 2017, 08:34:02 PM
I dont think Bitcoin will be gone due to China regulation in there government. Since it will be just in there country but there are a lot of countries that are patronizing bitcoin. Even some of the banks in other country are accepting bitcoin as there deposits. I dont think it will die because of China.


Specifically no, bitcoin can survive even without China that's the big answer to that. China is not they only nation that has many investors in mining due to low cost of electricity bill. Many people have involved in mining even in a small country it contains many users to that. And we are dealing with the whole world.
member
Activity: 168
Merit: 10
December 14, 2017, 08:08:44 PM
I dont think Bitcoin will be gone due to China regulation in there government. Since it will be just in there country but there are a lot of countries that are patronizing bitcoin. Even some of the banks in other country are accepting bitcoin as there deposits. I dont think it will die because of China.
full member
Activity: 322
Merit: 102
December 14, 2017, 07:45:35 PM
Well, Bitcoin has this capacity to reign with or without China. It is actually an opportunity for them to be part of this massive bitcoin community. With or without them bitcoin will still stand! Bitcoin is believed by many more others who has the same resources China can offer so I think that's absolutely fine.
member
Activity: 483
Merit: 10
terra-credit.com
December 14, 2017, 07:41:39 PM
I'm not sure, because bitcoin has lots of users, not just in china, it may go down but not die, but chinese too will lose if not using bitcoin, bitcoin has a big influence on chinese
member
Activity: 350
Merit: 13
December 10, 2017, 10:06:22 AM
I'm not sure if just because chinese bitcoin will die. as some other countries in the world still accept the existence of bitcoin and its market does not close bitcoin will not die
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