Topic: Will Bitcoin Die Because of China? - page 38. (Read 14399 times)
Bitcoin won't be gone because of china. Yes they may be big contributors. Lots of mining farms. They will affect the market but it won't make the bitcoin go away.
I dont think bitcoin will be die because an issue of china about disagree of bitcoin
we can see the price of bitcoin increase always and at the moment the price is to the moon to $6000+
so, do not to worry about that.
we can see the price of bitcoin increase always and at the moment the price is to the moon to $6000+
so, do not to worry about that.
we are admitted, China is one of other country that good in bitcoin. but, without China bitcoin still strong. the price like a jet. and i think in new year tomorrow is more than rocket.
bitcoin price affected by many condition. so if one country gone maybe it take some effect, but not longer will regain again
bitcoin price affected by many condition. so if one country gone maybe it take some effect, but not longer will regain again
In my opinion, no one now remembers China and its prohibitions on crypto-currency. Bitcoin and other crypto currencies have proved that they can develop without China as a major takeaway bitcoin and investor in the crypto currency. In place of China, other countries like Japan come and the market is slightly modified.
I would be happy to hear answers to other question like "what would happen to bitcoin without China" taking in consideration that if we wouldn't have China then who would produce all equipment for mining and calculations? 
Obviously Bitcoin won't die because of China. I don't think Bitcoin is going anywhere despite of all grim predictions that it is not going to last.
Good question OP ..
I'm thinking about "punching silicon wafers" ...
I'm thinking about "punching silicon wafers" ...
One month has passed.
And what a miracle (common sense for the rest) has happened, bitcoin is still alive the price is up , usage is at the max, blocks are full and every bitcoin owner is probably happy.
For years I've said that most of the users here overestimate the impact China has on the bitcoin environment and on price.
Yes , it is true they have most mining facilities there but now all of them , and a lot of equipment is own by foreigners and also a few mining facilities are not at all Chinese.
But for the rest, there is nothing impressive about china and BTC.
All their exchanges volume where as fake as their government numbers, daily usage in real life was almost absent, involvement in projects was reduced to create altcoins and throw money around.
I'm so glad that finally this whole scare about China is gone and done for.
Even if the entire communist party comes in the central square and shouts "ban bitcoin" the impact might be below 5% on prices.
And what a miracle (common sense for the rest) has happened, bitcoin is still alive the price is up , usage is at the max, blocks are full and every bitcoin owner is probably happy.
For years I've said that most of the users here overestimate the impact China has on the bitcoin environment and on price.
Yes , it is true they have most mining facilities there but now all of them , and a lot of equipment is own by foreigners and also a few mining facilities are not at all Chinese.
But for the rest, there is nothing impressive about china and BTC.
All their exchanges volume where as fake as their government numbers, daily usage in real life was almost absent, involvement in projects was reduced to create altcoins and throw money around.
I'm so glad that finally this whole scare about China is gone and done for.
Even if the entire communist party comes in the central square and shouts "ban bitcoin" the impact might be below 5% on prices.
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?
Therefore in think although there are obstacles in the prevailing way of bitcoin but one day we will see people using only bitcoin as they use their local currency.
Bitcoin will survive even if both China and the USA ban it. That won't stop people from using it, and realistically the government can't do much about it aside from shutting down the internet.
let us alone about shutting down the Internet, maybe china and usa could not stop people use bitcoin although that two big countries are banning bitcoin but i am sure that that will give very bad impact for bitcoin especially for the price because the most of users bitcoin will leave bitcoin as well. I think bitcoin will only suffer regarding his price in the market just for ten days and after 10 days bitcoin will recover its price again.
I think it will be very possible because there are still many developed countries involved in it. So, it is unlikely that bitcoin will die maybe in time period can go down the price but will definitely rise again this bitcoin prestige.
I agree to you big NO . even china bans btc theres so many way chinese people invest in btc we all know chinese if there is a big opportunity they always there they find a way to connect in btc.
yeah for all we know china doesn't even have most of the bitcoin and their primary asset in the economy is their manpower and production capabilities which do not affect bitcoin as being a private centralized currencies that can be use throughout the globe and it is capped which shows it has no plan to cater everyone in the world.
a big no, chinese cannot control whats going to happen in bitcoin, why bitcoin will die? bitcoins falls many times but bitcoin still survive inspite of everything bitcoin continues to rise up and grow the price pf it and besides bitcoin is the mother of all the cryptocurrency so why so bother? just trust bitcoin it is proven many years.
You NO is right!
Look, with the current situation in China BTC jumped over 5000 yesterday.
No doubts it doesn't depend on what's happening in China!
Look, with the current situation in China BTC jumped over 5000 yesterday.
No doubts it doesn't depend on what's happening in China!
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?
So stop worrying and just believe to the power of bitcoin.
Bitcoin won't die that easily, even if China bans it. There will always be other countries and rich people to invest in virtual currencies!
May be China will die because of taking such a foolish decision bitcoin raised more than double after the China speculation. China or any other country can’t able to control bitcoin by doing some crooks thing . Finally bitcoin not becomes to any authority or country it’s peoples money.
After the ban exchangers in China, the price bitcoin went down, now it's already recovered. I dont think China banning mining any time so btc prices will rise in the future.
Bitcoin won't die easily. It is truth that China has many investors, but bitcoin won't easily disappear.
Bitcoin will certainly not die as it has an immutable ledger that is called the blockchain. It hasn't been hacked or compromised yet and the network continues to grow and looks like the development won't be slowing down.
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