Topic: Will Bitcoin Die Because of China? - page 36. (Read 14399 times)
If bitcoin dies without china, then we have to agree that now the bitcoin price is equal to $ 1, but the real price goes up to $ 5800 and when the issue of bina bitternin banned the price about $ 4000 or has gone up almost 50%.
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?
Nope. It is already proven that Bitcoin can withstand losing China as one of its biggest investor. The moment when China banned the ICOs and exchanges, the cryptomarket fall including Bitcoin. From 4500 it fell down to 3300 in an instant. Bitcoin was able to recover and is now having a market value of 6000$. So it surely won't die just because of what happened.
As we know bitcoin is a decentralized cryptocurrency so how bitcoin will die because of china rejection? No its will not because bitcoin don’t depend on anything just grow and grow with the time and that’s why I started investing in bitcoin because I feel safe when I heard that characteristic of bitcoin and now I fell really lucky to invest in bitcoin.Nope. It is already proven that Bitcoin can withstand losing China as one of its biggest investor. The moment when China banned the ICOs and exchanges, the cryptomarket fall including Bitcoin. From 4500 it fell down to 3300 in an instant. Bitcoin was able to recover and is now having a market value of 6000$. So it surely won't die just because of what happened.
As we know bitcoin is a decentralized cryptocurrency so how bitcoin will die because of china rejection? No its will not because bitcoin don’t depend on anything just grow and grow with the time and that’s why I started investing in bitcoin because I feel safe when I heard that characteristic of bitcoin and now I fell really lucky to invest in bitcoin.Thanks to the frk new, bitcoin recovers too fast after the banning of China,not even noticed that Russia and South Korea bans it too. Now no more banning might affect Btc too much unless Japan will,which i hope not.
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?
Nope. It is already proven that Bitcoin can withstand losing China as one of its biggest investor. The moment when China banned the ICOs and exchanges, the cryptomarket fall including Bitcoin. From 4500 it fell down to 3300 in an instant. Bitcoin was able to recover and is now having a market value of 6000$. So it surely won't die just because of what happened.
As we know bitcoin is a decentralized cryptocurrency so how bitcoin will die because of china rejection? No its will not because bitcoin don’t depend on anything just grow and grow with the time and that’s why I started investing in bitcoin because I feel safe when I heard that characteristic of bitcoin and now I fell really lucky to invest in bitcoin. I guess the best answer to that question is of course a BIG NO! Granted, China is a big contributor for the rise and adoption of Bitcoin and they are primarily the country involved with Bitcoin mining due to very cheap electricity cost.
Now, the Chinese government has its own agenda and I think in the long run Bitcoin can be running against those agenda so they are now thinking of slowly disengaging and disconnecting their citizens away from the cryptocurrency platform.
I know that whatever China will decide on the impact can be heavy on the market and this is shown with the recent decision banning the ICO projects and the unconfirmed total ban of Bitcoin exchanges though it is still a rumor and nobody would want to confirm.
Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?
There are many other countries as well besides china who supports or use bitcoins so I don't china affect that much to the bitcoins even if they ban all ICO and exchanges but if more countries starts to ban it then they can reduce the usage of bitcoins but I don't think bitcoin will die because of some country ban it because it's decentralized.
Nope. It is already proven that Bitcoin can withstand losing China as one of its biggest investor. The moment when China banned the ICOs and exchanges, the cryptomarket fall including Bitcoin. From 4500 it fell down to 3300 in an instant. Bitcoin was able to recover and is now having a market value of 6000$. So it surely won't die just because of what happened.
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?
There are many other countries as well besides china who supports or use bitcoins so I don't china affect that much to the bitcoins even if they ban all ICO and exchanges but if more countries starts to ban it then they can reduce the usage of bitcoins but I don't think bitcoin will die because of some country ban it because it's decentralized.
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 don't think so, bitcoin is used through the world wide web and as long as internet is available and there are people using it even without china I think bitcoin will still strive.
If china banned bitcoin and made to die, of course the bitcoin price is currently under $ 1000. but the fact is not, even though china is the world's largest bitcoin owner and miner but the price remains stable and does not drop.
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?
There are many other countries as well besides china who supports or use bitcoins so I don't china affect that much to the bitcoins even if they ban all ICO and exchanges but if more countries starts to ban it then they can reduce the usage of bitcoins but I don't think bitcoin will die because of some country ban it because it's decentralized.
No country alone will be able to damage Bitcoin long term it would require multiple countries banding together and making it illegal.
No, I dont think that this will happen because bitcoin is decentralized in nature so no government or country can control it .A drop was seen in its price when China banned ICO's and exchanges but now price is very high .So we can say Bitcoin will not die because of China .
The 19th Communist Congress in China was expected to mark a shift towards some measures for liberalization of the economy and markets and bitcoin cryptocurrencies were in the run-up to the congress. However what we have seen up to now is that the leadership of Xi Jinping want to impose more control. Chinese citizens will not be alloweb to export currency and if they want to use bitcoin and cryptocurrencies they will have to escape the governmental control as in other day to day issues.
we have clearly seen that China's effect on crypto market is limited and btc can recover so fast whatever happens because of China or any other country.
What about the election in China? Do you see any impact? Whole market goes down today, including btc.
There will be no impact of china on bitcoin because they did wrong to the bitcoin and now investors and bitcoin will not care what is happening in the china and those who say that it will be affected they see the progress of bitcoin without china it has proved that it is not depending on any region it stand alone and it will work until a single investor will invests in it and it is great joy that china is nothing now.
What about the election in China? Do you see any impact? Whole market goes down today, including btc.
No way, in the international market many countries other than China are participating and using the platform of bitcoin so it will not die because of China. Other sources are there to increase the popularity and usage of bitcoin so wouldn't be a problem without China
Ho I saw some days ago China banned mainland residents from trading in cryptocurrencies on exchanges and made it illegal for Chinese people, how I understand chinese people were the most active nation who was buying bitcoins and mining, loosing them it will be big losses but bitcoin will not die.
this already happened a few weeks ago, and price dropped indeed, but it is now already much higher than it ever was before China dropped out.
The word in the Netherlands is that China is reconsidering the block of BTC.
Well nobody knows what is going to happen, but either the Chinese found a way to by-pass the block or we no longer depend on the Chinese buyers!
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