Will Bitcoin Die Because of China? - page 35.

dejectedstream

newbie

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Quote from: CryptoBry on September 09, 2017, 11:36:07 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?

Yes, and abandonment in China could actually help the rest of the world start to use it.

kriticko29

full member

Activity: 336

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In what's actually happening right now, Bitcoin surely can stand by itself even without any help from china. Many bitcoin users might have quit bitcoin because of the problem with china but still the ratio of new investors is greater than that weve losts.

sehanmaxx01

newbie

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If one country completely rejects Bitcoin it will create an impact on the market but it will not lead to the death of Bitcoin. including chaina

enterprevic

member

Activity: 86

Merit: 10

Healthpromag.com

Quote from: CryptoBry on September 09, 2017, 11:36:07 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?

In as much as China's policies and regulations affects the bitcoin currency very much, I think that China is in the position to ruin all what the currency has gotten. If a single policy can drain the currency so much, then a total ban of it will be disastrous

redcucumber

member

Activity: 153

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SOLARIS COIN

no not really i think china has a big part why bitcoin is price is really going insane just think about their population they are so populated and people seeks job to make a living mostly chinese have money so they also want a good investment and bitcoin is one of the good things to invest in it now

paloloy

full member

Activity: 238

Merit: 102

REVOLUTIONIZING THE TRAVEL INDUSTRY

Big NO. China has nothing to do with Bitcoin and Cryptocurrency existence and killing it. Indeed China has big role in our economy but they can't stop Bitcoin and Blockchain Technology and wihtout China, the world will continue to develop Cryptocurrency because everyone finds it useful in the future.

yusupjatigumilar

full member

Activity: 644

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Bitcoin will not die just because of China, because investors and developers are not just from china, many investors and developers come from different countries, so if china forbids bitcoin, bitcoin will not die, but in my opinion china will never get out of bitcoin world, they just make the issue for people to sell bitcoin on a large scale then they will buy it in a cheap price so they can master and monopolize bitcoin.

maokoto

hero member

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

They banned piracy and illegal downloads, and there are more than ever.

Governments are unlikely to end up banning bitcoin effectively, even if they "ban" it on the outside, it will likely survive.

aisyah88

hero member

Activity: 602

Merit: 500

there is a possibility .. but we must remain optimistic so that bitcoin is not in non-activated by china ... and we must continue to be optimistic that bitcoin will continue to survive...

Evangeline2

member

Activity: 196

Merit: 10

No, for the time being, China has lost the pricing power of Bitcoin, which has been globalized and will not be affected by a country.
Undecided

megynacuna

sr. member

Activity: 756

Merit: 253

Quote from: poldanmig on October 28, 2017, 10:39:57 PM

Quote from: millgates on October 28, 2017, 09:07:35 PM

Bitcoin will not die only because of one country and it's citizen ignore or bans bitcoin. If china's citizens don't use bitcoin anymore, it will become their disadvantage because they will let other's country to take their domination of bitcoin, then china will become the same as countries which too late to adopting bitcoin.

really what you said, it bitcoin it will not die. because only one country that prohibits it circulated, because in this case there are many other countries that still need bitcoin not only the Chinese state that need.

I bet it ios even being used in Chinese black markets by now. They cannot completely stop its usage but can ban exchanges who will be changing them into fiat and so iot doesn't mean Chinese bitcoin holders cannot sell to foreign exchanges online.

poldanmig

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Activity: 1372

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Quote from: millgates on October 28, 2017, 09:07:35 PM

Bitcoin will not die only because of one country and it's citizen ignore or bans bitcoin. If china's citizens don't use bitcoin anymore, it will become their disadvantage because they will let other's country to take their domination of bitcoin, then china will become the same as countries which too late to adopting bitcoin.

really what you said, it bitcoin it will not die. because only one country that prohibits it circulated, because in this case there are many other countries that still need bitcoin not only the Chinese state that need.

samlaode

sr. member

Activity: 674

Merit: 250

Quote from: Brigalabdis on October 28, 2017, 09:59:15 PM

Only if every country ban bitcoin it is the case that bitcoin can die.

Although every country ban bitcoin and it's harder to get but people in the world won't stop. Bitcoin and altcoin will continue to grow massively no matter how much containment there will be.

Brigalabdis

full member

Activity: 278

Merit: 100

Only if every country ban bitcoin it is the case that bitcoin can die.

ariyzt

member

Activity: 602

Merit: 12

i dont think so
u can see the price right now though after the rumour about china banning btc but the reality the price keep up

bitcoin wont die even if china will ban them unless japan do

millgates

sr. member

Activity: 714

Merit: 250

Bitcoin will not die only because of one country and it's citizen ignore or bans bitcoin. If china's citizens don't use bitcoin anymore, it will become their disadvantage because they will let other's country to take their domination of bitcoin, then china will become the same as countries which too late to adopting bitcoin.

specsmuluk

full member

Activity: 252

Merit: 100

Relax your friends if BITCOIN collapse we wait again, I'm sure BITCOIN bounced back very quickly. for that if I feel that I can only be patient ...

if I think personally bitcoin will not die because many users ...

aboy24

newbie

Activity: 43

Merit: 0

its a BIG BIG NO, no one can die a bitcoins, because bitcoins help a many many people, many country protect a high value of btc in market. many people love them, because 'NO MAN IN AN ISLAND''

Hotel_Prodeo

sr. member

Activity: 588

Merit: 253

Bitcoin is decentralized, it all depends on the user, now everything is answered that without china bitcoin can continue to grow and now the price has reached more than $ 5800 and next year will be easy to reach $ 10,000.

Netto

sr. member

Activity: 466

Merit: 375

Quote from: terbetet on October 27, 2017, 06:59:22 PM

Quote from: CryptoBry on September 09, 2017, 11:36:07 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?

Indeed. Bitcoin will not die just because of China's banning of bitcoin exchanges in their country. There are still a lot of participating countries around the world and imagine that bitcoin has do really have a great number of supporters building up its community so the loss of China will not make bitcoin die that simple since it was just a part of the community.

I agree Bitcoin will not die because China, because there are other countries that still support Bitcoin trade and its development, so no need to worry about Bitcoin will die

Topic: Will Bitcoin Die Because of China? - page 35. (Read 14399 times)